MJ Gold Project, Yukon Territory In the Yukon Territory, the Company holds 100% interest in the MJ Gold Project. The MJ project is adjacent to Victoria Gold which operates the Eagle Mine with the aim of producing 250,000 ounces of gold by 2024 (source; Victoria Gold's webpage). On September 15, 2022, Victoria Gold press released a maiden NI43-101 resource for its new Raven discovery which shows 1,070,000 gold ounces at an average grade of 1.67 g/t at a 0.5 g/t cut-off (as noted in the Victoria Gold's Sept 15, 2022, wherein the maiden resource estimate was prepared by Victoria Gold and independent qualified person Marc Jutras, PEng, MASc).

The Raven Deposit, which is open along strike, appears to be about 2.3km on strike from Zonte's claim. Importantly, it appears the intrusion hosting the Raven deposit could be a part of a larger intrusive system related to the intrusion on Zonte's property. In 2017, Zonte completed a 3 month rock sample exploration program at MJ with subsequent follow up drilling resulting in the discovery of its 2-4 target.

The Company has not completed any exploration since that time. The MJ project hosts seven untested targets defined by gold-in-bedrock and soil anomalies. Much of the intrusion within the MJ project has not been explored.