Lighthouse prepares for phase 1 Aurora NW exploration

Executive Summary

• Lighthouse Gold Inc. is commencing its maiden (Phase 1) exploration program at the Aurora NW project in Guyana, following a definitive option agreement to acquire a 100% interest in the property.
• The project consists of four prospecting permits totaling approximately 4,799 acres (1,942 hectares) within the Cuyuni greenstone belt, located approximately 3 km from the Aurora gold mine concessions and 7 km from the active Aurora gold mine operated by Zijin Mining Group Corp.
• Phase 1 activities are designed to evaluate gold potential and identify drill-ready targets, with the company aiming to advance to trenching, geophysical surveys, and drilling later in the season if results warrant.

Key Details

• Project Location & Geology: The Aurora NW project is situated in the Cuyuni-Mazaruni (Region 7) region of Guyana, within the Cuyuni greenstone belt of the Guiana Shield. The area is underlain by metamorphosed volcanic and sedimentary sequences intruded by granitic and tonalitic bodies, known for structurally controlled gold mineralization.
• Property Details: The company holds four prospecting permits totaling approximately 4,799 acres (1,942 hectares).
• Proximity to Major Assets: The property is located approximately three kilometres from the Aurora gold mine concessions and approximately seven kilometres from the Aurora gold mine (the largest active gold mine in Guyana, owned by Zijin Mining Group Corp.).
• Phase 1 Exploration Activities:
  • Compilation, digitization, and reinterpretation of historical data.
  • Detailed geological mapping and collection of structural information.
  • Systematic rock and stream geochemistry surveys.
  • Saprolite and soil sampling of identified priority targets.
  • Hand auger testing if needed.
• Strategic Objectives: The immediate goal is to identify and prioritize mineralized corridors and generate drill-ready targets. The company intends to define if the controlling structural framework of the nearby Aurora deposit extends into Lighthouse's property.
• Future Plans: Subject to Phase 1 results, the company anticipates advancing to trenching, geophysical surveys, and drilling later in the exploration season.
• Management & Logistics: An experienced country administration manager has been employed in Guyana to oversee logistical support. The company is expediting the program to maximize capital efficiency within the three-year option period.
• Additional Opportunities: The company is evaluating potential additional acquisitions in the surrounding area to consolidate prospective ground within the Guyanese greenstone belt.
• Qualified Person: Gregory Smith, PGeo, has reviewed and approved the scientific and technical information contained in the release under National Instrument 43-101.

Notable Quotes

• "We are taking a disciplined and technically driven approach to advancing Aurora NW... Our project is located in such close proximity to the actual mine, the Aurora gold deposit, therefore our main objective in phase 1 is to define if part of the controlling structural framework is extending into Lighthouse's property and of course outline discrete geochemical and geological targets that will require trenching and drilling later in the field season." — Will Rascan, Interim Chief Executive Officer