TSX-V: CNL $3.25
NEW DISCOVERY AT APOLLO TARGET: June 22, 2022: Discovery Hole - 87.8 metres at 2.49 g/t AuEq

Guayabales

NEW DISCOVERY AT APOLLO TARGET: June 22, 2022: Discovery Hole - 87.8 metres at 2.49 g/t AuEq
Guayables Project Map

The Guayabales Project is situated on a cluster of mineralized porphyry systems covering an area of 14 square kilometres and is highly prospective for gold, silver and associated base metals. An aggressive drilling program was initiated in 2021 across targets within the Guayabales project. With approximately 75% of the area unexplored, the Company is advancing exploration with drilling, sampling and detailed analysis. The Company currently has four rigs deployed at Guayabales.

The Guayabales project area hosts multiple mineralization styles, all of which relate to porphyry systems. These include high-grade gold, carbonate and base metal (CBM), polymetallic veins (Au-Ag-Pb-Zn), hydrothermal breccia (Au-Ag) and porphyry (Au-Cu-Mo) mineralized systems. Although outcrop is limited, gold, silver and base metal mineralization has been defined in all areas of exposure.

Targets and Status:

Olympus: Drilling underway

Apollo: Drilling underway

Donut: Ten holes complete, Phase 2 drilling in H2, 2022

Trap: Maiden drill program to begin early Q3, 2022

Victory (East & West): Maiden drill program to start Q4, 2022

ME: Early stage exploration

Ore sample
Drill core from OLCC-3 (Olympus)

Ore sample
Drill core from DOC-3 (Donut)

Ore sample
Drill core from APC-1 (Apollo)

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