ProAm hires Terrane for Golden Ridge data review

Executive Summary

• ProAm Explorations has engaged Terrane Geoscience to conduct a comprehensive structural review and data‑gap analysis of its 100 % optioned Golden Ridge gold project in New Brunswick.
• The study will compile all historic geological, geophysical and drilling information, define structural controls on mineralization, and generate priority drill targets aimed at bulk‑tonnage expansion.
• Historical drilling disclosed several wide gold intercepts (e.g., 2.76 g/t Au over 25 m) and a historical inferred resource of ~520,200 oz Au; the company emphasizes that this estimate is not current but indicative of deposit scale.

Key Details

• Engagement: Terrane Geoscience Inc. contracted to perform structural review, gap analysis, and recommendation of follow‑up work for Golden Ridge.
• Scope of Work:
• Compile/review all available geological maps, geophysical surveys, drill core records, and existing 3‑D models.
• Conduct detailed structural analysis (deformation styles, fault geometries, spatial relationship to mineralization).
• Identify data gaps and develop recommendations for future drilling and regional exploration strategies.
• Site visit planned to validate interpretations, relog historic cores, and assess structural settings of key intercepts.
• Historical Intercepts (not true widths):
• GR‑10‑55: 2.76 g/t Au over 25.0 m
• GR‑11‑70: 2.31 g/t Au over 16.0 m
• GR‑10‑57: 1.73 g/t Au over 18.0 m
• GR‑04‑11: 1.66 g/t Au over 39.4 m
• Historical Resource (inferred): 520,200 oz Au contained in 17.78 M tonnes at 0.91 g/t Au, cut‑off 0.35 g/t; not verified or classified as current resource/reserve.
• Objective: Refine structural controls to potentially expand higher‑grade zones and test depth extensions of the system through confirmatory drilling.
• Qualified Person Review: Fred Tejada, P.Geo., reviewed and approved the technical information per NI 43‑101.

Notable Quotes

“Historical work indicates broad zones of near‑surface gold mineralization with characteristics consistent with bulk‑tonnage potential… we advance the project in today’s substantially stronger gold price environment.” – Jason Cubitt, CEO, ProAm Explorations Corp.