BAND-ORE PROJECT

Overview

Band-Ore Project

Located 75 km west of Thunder Bay, this 10 km long property package hosts two historic, non-NI 43 101 compliant gold resources roughly 2 km apart. Both the Main Zone and the No. 4 Zone are open at depth and along strike, providing E2Gold with multiple early targets for assessing gold potential on the property.

Located in an excellent jurisdiction, Band-Ore shares a regional shear zone with Hemlo and Hawkins. Surrounded by infrastructure, it has strong growth potential that has been underexplored.

Note 1: The Band-Ore mineral resource estimates are considered to be ‘historical’ in nature and are not NI 43-101 compliant. E2Gold has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves in accordance with NI 43-101, however the data is relevant as it is indicative of potential mineralization on the Property. The Band-Ore Main Zone historical resource comes from the Report on Property of Band-Ore Gold Mines Ltd., Thunder Bay, Ontario, with lead author J.S. Crosscombe, Mining Engineer, effective date May 15, 1947. The Band-Ore No. 4 Zone historical resource comes from 1982 Diamond Drilling Report and Pre-Evaluation Study on the Band-Ore Option Conacher Township Ontario for Mattagami Lake Exploration Ltd. with lead author Karl J. Huska, December 1982.

Exploration and Project Strategy

Initial exploration work at Band-Ore will likely include airborne magnetics and/or targeted Induced Polarization surveys aimed at producing a drill-ready project.

Historical Resource Summary
(Non 43-101 Compliant)

Band-Ore Main Zone
Band-Ore Main Zone No. 4
Tonnes (kt)
Grade (g/t)
Contained
Gold (koz)
Tonnes (kt)
Grade (g/t)
Contained
Gold (koz)
706,000
6.86
155,728
616,000
4.84
95,668

Forward Looking Exploration Plan

E2Gold has a detailed plan in place to move forward with exploration.

Card #1
Prospecting & 1,000 m drill program
Card #2
Prospecting & mapping
Card #3
Data interpretation & modeling
Summer 2022
Fall 2022
Winter 2023