Beauce doubles Saint-Simon-les-Mines exploration target

Executive Summary

• Beauce Gold Fields released a comprehensive technical assessment that doubles the estimated gold exploration target for its Saint‑Simon‑les‑Mines placer gold property.
• The new 2025 polygonal model defines an exploration volume of 3.86 million m³ at grades ranging from 0.81 g/t to 4.9 g/t Au, up from the prior 2.2 million m³ estimate.
• The company plans to pursue a two‑year ATI authorization to conduct expanded sonic drilling, bulk sampling, and geometallurgical studies on the newly identified high‑priority polygons.

Key Details

• Exploration Target Expansion:
• Volume: 3.86 million cubic metres (up from 2.2 million m³).
• Grade range: 0.81 g/t to 4.9 g/t Au (previously 0.87 g/t to 5.22 g/t Au).

• Target now “near‑doubling” of the 2015 estimate, with a conceptual potential exceeding half a million ounces of gold.

• Data Sources Integrated:

• Historical drill logs recovered from Beauce Placer Co. (1958‑1960), Coniagas Resources (1985), Ressources Macamic (1987‑1988) and Beauce (2021).
• High‑resolution LiDAR mapping producing five detailed 1:1,000 scale relief maps of the paleovalley.

• Reinterpretation of stratigraphic and structural models, confirming two auriferous host units (saprolitic‑altered bedrock and brown glacial diamicton).

• Geological Highlights:

• Identification of three tributary‑fed deltaic targets along the Gilbert River paleochannel.

• Structural analysis reveals multiple anti‑form Saddle Reef‑style folds with quartz veining and gold‑bearing stockwork, suggesting a proximal bedrock source.

• Technical Report:

• Title (French): “Rapport technique sur les cibles d'exploration aurifère du canal paleoplacer de Saint‑Simon‑les‑Mines, Août 2025.”

• Prepared by Jean Bernard, GEO, an independent qualified person under NI 43‑101; to be filed on SEDAR+.

• Planned Exploration Activities (pending ATI approval):

• Expansion of the 2025 sonic drill program targeting unverified deltaic extensions.
• Bulk sampling across high‑priority polygons identified in the new model.
• Continued geometallurgical and nugget‑effect characterization studies.

Notable Quotes

• Patrick Levasseur, President & CEO: “This is the most comprehensive geological review of the Saint‑Simon‑les‑Mines placer channel since the 1960s… the target now clearly exceeds half a million ounces potential with strong indications of proximity to bedrock lode sources.”
• Patrick Levasseur (continued): “The report validates that the Gilbert River paleoplacer system has been historically underestimated. With this new target, we are not only reviving a legacy gold district but elevating its potential to a modern exploration success story.”