Location & Accessibility:

• Situated in northwestern Ontario, approximately 60 km north-northwest of the First Nations community of Sachigo Lake and about 30 km from the Monument Bay camp.

Property Details:

• 1,528 cell units covering over 286 km²
• Encompasses 23 km of the Wolf Bay Shear Zone, a splay of the Stull-Wunnummin Fault Zone.
• The property is 100% owned by ONGold, with no encumbrances or net-smelter agreements with third parties.

Exploration Activities:

• Historical Work: Extensive exploration including airborne and ground magnetometer surveys, induced polarization surveys, prospecting, geological mapping, and till sampling.
• Drilling: A nine-hole reconnaissance core drilling program completed in 2011. Notable results include:
  • Intersection of 32.6 g/t Au over 1.0 meter and 1.61 g/t Au over 21.6 meters, indicating significant gold mineralization.
  • Intersection of 0.83 g/t Au, 3.07 g/t Ag, 0.55% Cu, and 0.028% Mo over 52.5 meters at Rapson Bay Shoal.

Exploration Potential:

• Significant Structures: The Wolf Bay Shear Zone is a deep, penetrative structure capable of tapping the mantle, potentially leading to the deposition of both base metal and precious metal deposits.
• Mineralization: The area is notable for occurrences of gold, silver, copper, and molybdenum.
• Future Exploration: Potential to leverage existing camp infrastructure and proximity to Monument Bay to efficiently conduct and expand exploration activities at Rapson Bay.