79North Inc. reported that it has discovered two new gold occurrences in the Witlage area of the Nassau gold project. The newly discovered 6 occurrence is 900 metres south of the Witlage shear zone and consists of a quartz vein stockwork in argillite with samples containing up to 7.39 grams gold per tonne. The newly discovered Marinara gold occurrence is in an area where vertical hollow stem auger drill holes drilled in 2016 (by another company) contained anomalous gold.

Rock chip samples contain up to 3.44 grams gold per tonne. Continued sampling of the recently discovered Ziti gold occurrence and the northwest extension of the Witlage shear zone continue to provide good results with rock chip samples containing up to 8.33 and 3.89 grams gold per tonne respectively. For context of these sample grades, the grade of the Newmont Merian Mine, 20 kilometres northeast of the Nassau concession is approximately 1.2 grams gold per tonne.

The Filini gold occurrence is a quartz vein stockwork in altered argillite. At this time, the company is uncertain as to how this gold occurrence is related to the Witlage and Ziti gold zones, however it has been added to the drilling target list of the current Phase 2 drilling program that is underway. In May 2022, local prospectors took company to a place on Nassau Mountain 5 kilometres south of the Witlage gold zone where they had excavated two vertical shafts on some quartz veins approximately 7 years ago.

The area was completely overgrown with thick jungle however the company managed to find one of the shafts and sampled the fly rock from the shaft and a 10 cm quartz vein in an excavator trail near the shaft. The company have always been interested in this area and have always had a target box for future exploration of the area. In 2016, a previous company conducted a 55 hole, 1,379 metre vertical hollow stem auger sampling program of this area and several drill holes intersected gold mineralization in saprolite with the best result being 1.34 ppm gold over 8.0 metres (in hole MNA-12).

The Company continued to prospect and sample the argillite-sandstone contact of the Ziti structure. The latest results indicate that the contact between argillite and sandstone is silicified with secondary pyrite in both lithologies. Four drill holes (approximately 400 metres) of drilling are planned to test the Ziti gold occurrence.

It is anticipated that the drilling will be completed in June as part of the current Phase 2 drilling of the high grade Witlage Target. Additional rock chip sampling was completed along the Witlage shear zone corridor where local miners have made new exposures of the northwestern extension of the shear zone. High grade quartz veins and stockworks were sampled and previously reported.

Drilling has commenced in this area (Hole NP-22-05) and at least five drill holes will be drilled over a strike length of 200 metres. The total known strike length of the Witlage gold zone is 500 metres. Phase 2 drilling at the Nassau project commenced May 9, 2022, and to date approximately 400 metres of drilling in 4 holes have been completed.

The drilling around previous high-grade intersections from the Phase 1 program in 2021 has been completed and the drilling is now testing the Witlage northwest extension and the area with the surface results reported above. It is anticipated that the results of the first five drill holes will be reported in the next few weeks.