Harfang drilling outlines mineralized shoot at Sky Lake

Executive Summary

• Harfang Exploration Inc. reported results from its maiden winter 2025 drill program at the Sky Lake gold project in Ontario’s Pickle Lake camp, delineating a continuous high-grade mineralized shoot over 250 metres downhole that remains open at depth.
• The company is engaged in constructive discussions with the Mishkeegamag Ojibway Nation (MON) regarding a Traditional Knowledge and Land Use Study (TKLUS), which MON has identified as a prerequisite for advancing permitting processes.
• Exploration activities at Sky Lake are currently paused while Harfang and MON finalize the scope, budget, and timing for the TKLUS; no certainty exists on when exploration will resume.

Key Details

• Drilling Program Details:
  • Completed six diamond drill holes totalling approximately 1,400 metres on the Koval claims.
  • Program utilized modern 3-D geological modelling of historical drill data (dating from the 1950s–1980s, largely limited to shallow depths).
• Drilling Results:
  • Delineated a continuous high-grade mineralized shoot.
  • Shoot traced over 250 metres downhole.
  • Mineralization remains open at depth and along strike, supporting potential for further expansion.
• Community & Regulatory Status:
  • MON advised that a Traditional Knowledge and Land Use Study (TKLUS) is required prior to advancing permitting.
  • A draft exploration agreement has been substantially negotiated and is under review by MON leadership.
  • Active discussions are ongoing to determine the timing, scope, budget, and process for the TKLUS.
  • Exploration activities are paused pending the outcome of these discussions.
• Project Assets:
  • Sky Lake gold project is a 9,100-hectare land package in Northwestern Ontario.
  • Includes the Koval patented claims.
  • Harfang acquired NewOrigin Gold Corp. in November 2024, consolidating assets in the Pickle Lake and Abitibi regions.

Notable Quotes

• Rick Breger, President and CEO: "The results from our maiden drill program at Sky Lake remain very encouraging and demonstrate the strength and continuity of the gold system we are exploring. At the same time, we recognize the importance of advancing the project in partnership with MON. We respect their request to complete a traditional knowledge and land use study and believe this process is an important step in ensuring that exploration proceeds thoughtfully and responsibly."