The 100% owned Golden Eagle project is located in Ferry County, Washington approximately 4.8 kilometres north-northwest of the town of Republic. The Republic/Eureka Mining District has produced nearly 4 million ounces of gold at an average grade of 19.89 g/t gold over the last 130 years, principally from high grade underground narrow vein deposits. The last operating gold mine in the district was Kinross’ Buckhorn/Kettle River operation which closed in 2017. The 1.800 tonnes per day Kettle River mill is located approximately 16 km by road east of Golden Eagle.

A 2 million ounce M&I resource was published in May 2020 with an additional 0.2 million inferred ounces. The updated Golden Eagle mineral resource estimate is based solely on the available historical data and is intended to provide a baseline from which to continue developing the project.

Combining Golden Eagle with other known deposits and infrastructure in the vicinity, including the immediately adjacent properties held by Hecla Mining, could unlock significant value for all parties and could create the basis for a joint venture or spin out company.