Upside drills 178 m of 0.36 g/t Au, 1.8 g/t Ag at Kena

Executive Summary

• Upside Gold Corp. released preliminary results from its initial diamond drilling program at the Kena gold-copper property in southeastern British Columbia, focusing on the northeast margin of the Kena lode gold zone.
• The first phase consisted of 1,002 metres across three diamond drill holes, intersecting near-surface significant gold mineralization with elevated copper and silver values, indicating lateral expansion of the mineralized zone.
• The drilling program was paused in November due to snow conditions and is scheduled to resume in June to test additional targets to the northeast, southwest downdip, and southeast along strike.

Key Details

• Drilling Program Scope: Initial phase comprised 1,002 metres in three diamond drill holes.
• Location: Northeast margin of the Kena lode gold zone, Kena gold-copper property (10,115 hectares) in southeastern British Columbia.
• Intersections: Intersected broad zones of near-surface significant gold mineralization with elevated copper and silver values.
• Geological Findings: Demonstrated width and continuity of gold mineralization along the northeastern margin; grades are comparable to the Kena historical resource.
• Future Plans: Program paused in November due to snow; expected to resume in June. Future drilling will test targets to the northeast, southwest downdip, and southeast along strike, extending beyond the historical resource boundaries.
• True Widths: True widths of the intersections are currently unknown.
• QA/QC Protocols:
  • Samples (1-2 metre intervals) shipped by bonded carrier to ALS Canada Ltd. (Kamloops and North Vancouver).
  • Laboratory accredited to ISO/IEC 17025:2017 standards.
  • QA/QC included blind Au, Ag, and Cu accredited analytical standards, quartz blanks, standards, blanks, and duplicates.
  • Analysis included gold and 34 multielement ICP-AES analysis by four-acid digestion (Au-ICP21, ME-ICP61).
• Qualified Person: Trevor Boyd, PGeo, Vice-President, Exploration, reviewed and approved the technical information under National Instrument 43-101.
• Historical Resource Context:
  • Indicated: 32,146,000 tonnes at 0.544 g/t Au for 561,000 ounces.
  • Inferred: 177,507,000 tonnes at 0.486 g/t Au for 2.77 million ounces.
  • Source: NI 43-101 Technical Report by Sue Bird, PEng (Moose Mountain Technical Services), dated May 3, 2021.
  • Note: Upside Gold is not treating this as current mineral resources; additional drilling is required to upgrade the estimate.

Notable Quotes

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