Caprock Announces High-Grade Assay Results and Validation of Structural Geologocal Model at Destiny

Executive Summary

• Caprock Mining released assay results from four Fall 2025 drill holes at the Destiny gold property, highlighting high‑grade intercepts (up to 18.3 g/t Au over 0.3 m and historic hits of 26.6 g/t Au).
• The new data validate a detailed structural geology model that predicts a large, fold‑controlled mineralized system extending to ~550 m depth.
• Management announced the commencement of a next drilling phase targeting high‑grade enrichment zones between historic holes DES‑01‑59 and DES‑01‑60, with plans for a near‑surface resource expansion program thereafter.

Key Details

• Resource Context (Mar 2025 MRE):
• Indicated: 6.752 M t @ 0.91 g/t Au → 196,549 oz Au (open‑pit constrained).

• Inferred: 28.560 M t @ 0.87 g/t Au → 794,886 oz Au.

• Fall 2025 Drill Hole Highlights:

• DES‑25‑182W2: 18.3 g/t Au over 0.3 m.
• DES‑25‑181W1: 5.42 g/t Au over 1.1 m.

• DES‑25‑182: 5.18 g/t Au over 1.5 m.

• Historical High‑Grade Intercepts (Depth ≥500 m):

• DES‑01‑60: 26.6 g/t Au @ 1.1 m; 16.75 g/t Au @ 0.7 m; 7.5 g/t Au @ 1.1 m; 6.34 g/t Au @ 0.7 m.

• DES‑01‑59: 17.55 g/t Au @ 0.5 m; 5.11 g/t Au @ 0.6 m; 2.54 g/t Au @ 1.1 m.

• Assay Summary (core lengths, true widths ≈80‑85% of core):

• Total drilling: 2,584.3 m across four holes.

• Detailed interval grades listed in Table 1 of the release (e.g., DES‑25‑181W1 includes a 5.42 g/t Au intercept over 1.10 m; DES‑25‑182W2 contains an 18.30 g/t Au intercept over 0.30 m).

• Geological Interpretation:

• All four holes intersected the anticipated lithologies, structures, alteration zones and sulphide mineralization supporting the fold‑controlled model (≈150 m amplitude) developed by senior consultant Robert J. Tremblay.

• The model suggests a large, continuous mineralized system down to ~550 m depth.

• Planned Exploration:

• Immediate next phase will test high‑grade zones between historic holes DES‑01‑59 and DES‑01‑60 (≈200 m lateral spacing).

• Following this phase, a near‑surface resource expansion drill program is slated.

• Technical Disclosure:

• Drilling managed by Explo‑Logik; core split for AGAT Laboratories fire‑assay analysis (50 g) with atomic absorption finish.
• Qualified Person: Suzie Tremblay (OGQ #10664), VP Operations, Explo‑Logik.

Notable Quotes

• “All four holes drilled last December intersected the lithologies, structures, alteration and mineralization that we had anticipated…providing a very ‘high hit‑ratio’ that is unusual for exploration drilling in the Abitibi.” – Vishal Gupta, President & CEO
• “Our current phase of drilling is intended to hone in on these enriched zones.” – Vishal Gupta