Cirque Project

EXPLORE

INTRODUCTION

Cirque Project

PROJECT HIGHLIGHTS

PROJECT HISTORY

Historically, there are five mineral showings on the Property which include: (1) Forster Showing (REE, Niobium), (2) CC Showing (Copper), (3) Cirque (Nickel, cobalt, silver, bismuth, niobium), (4) Slide 28 (Molybdenum), and (5) S/ICE Showing (Molybdenum, Copper).

2022 and 2025 programs confirmed strong Light Rare Earth Elements (LREE) enrichment, and rare earth oxides with Total Rare Earth Elements (TREE) values exceeding 6,000 ppm in rock samples. As well, elevated niobium, thorium, tungsten, and other critical elements were identified. One of the most significant findings from the Cirque dataset is the presence of highly anomalous tungsten (W) values up to 1,790 ppm.

2022 Rock samples assays – TREE

2022 Rock samples assays – Tungsten (W)

PROJECT EXPLORATION

The Cirque REE Property, located within the Purcell Mountains of southeastern British Columbia, demonstrates a favourable geological and structural setting for rare earth elements (REE), niobium, tungsten, and associated critical metal mineralization.

Exploration completed to date, including geological mapping, prospecting, geochemical sampling, and ground geophysical surveys, has outlined multiple mineralized showings and confirmed the presence of both REE-dominant and tungsten-bearing systems.

Results from the 2022 and 2025 work programs indicate a light-REE enriched environment with strong geochemical correlations to niobium and thorium, as well as discrete tungsten anomalies consistent with skarn mineralization related to intrusive contacts.

The coincidence of REE and tungsten anomalies is particularly significant, as it expands the property’s exploration potential to include critical metals beyond rare earths, aligning with global demand for both REEs in high-tech applications and tungsten in defense, energy, and industrial alloys.

The Cirque samples display strong enrichment in light rare earth elements (LREE: La–Nd) relative to heavy rare earth elements (HREE: Gd–Lu, Y).

Total rare earth elements (TREE) average approximately 600 ppm, with a maximum of 6,084 ppm (~0.6% REE). Several samples exceed 1,000 ppm TREE, marking them anomalous and significant for exploration.

In addition to REEs, several critical and pathfinder elements are elevated:

Niobium (Nb): 14–804 ppm, with Nb₂O₅ up to 0.115%, strongly associated with REE mineralization.
Thorium (Th): 0.8 to 693 ppm, reflecting the presence of monazite/allanite phases.
Uranium (U): Less than 0.5 ppm to 334 ppm, but generally lower than Th.
Zirconium (Zr): 7 ppm to 980 ppm, suggesting peralkaline intrusive affinities.
Manganese (Mn): 136 to 1,940 ppm, potentially related to alteration halos.
Tungsten (W): 6 ppm to 1,370 ppm (WO₃ 0.17%). Several samples exceed the typical tungsten exploration threshold of 100 ppm.

Rock Samples Assay Highlights

2025 TREE Assay Map – Rock Samples

2025 Tungsten Assay Map – Rock Samples

PROJECT GEOLOGY

The Property geology is characterized by a structurally complex package of Proterozoic sedimentary rocks intruded by younger intermediate to felsic bodies, cut by multiple fault zones, and spatially associated with documented fluorite, molybdenite, and uranium occurrences.

This geological framework is consistent with favorable conditions for exploring REE mineralization hosted in fluorite-carbonate veins, alteration zones, and potential skarn systems within carbonate horizons.

The mapped distribution of quartz diorite intrusives further highlight the potential for contact-related mineralization, including tungsten-bearing skarns.

PROJECT MINERALIZATION

Several documented mineral occurrences are present within and adjacent to the Cirque REE Property, indicating a diverse mineral system with potential for rare earth elements (REEs), fluorite, tungsten, copper, and molybdenum.

Fluorite–REE mineralization: Fluorite is often associated with carbonate veining and hydrothermal alteration, consistent with an alkaline–hydrothermal fluid source capable of concentrating REEs.
Molybdenite (Mo) occurrences: These are interpreted as manifestations of porphyry- to skarn-related mineralization and highlight the possibility of tungsten–molybdenum enrichment near intrusive–carbonate contacts.
Copper–carbonate (Cu–CC) showings: These occurrences suggest secondary hydrothermal mobilization and deposition along structurally prepared sites.

Project Workplan

Based on past exploration history, favorable geological and tectonic setting, presence of REE, tungsten, niobium, molybdenum and other surface mineralization, we believe the Property warrants further exploration for rare earth elements, tungsten, niobium and other mineralization.

The Company anticipates a two-phase exploration and development program, where each phase is contingent upon the results of the previous phase.

Phase 1

Surface Exploration and Geophysics

Conduct detailed prospecting, mapping, and sampling in the areas where high REE and Nb anomalies were identified.
Conduct a ground magnetic, radiometric and VLF survey in the western portion of the property, where granite intrusions intersect sedimentary rocks of the Horsethief Creek Group. This contact zone represents a structurally and geochemically fertile corridor, characterized by elevated TREE, high thorium concentrations, strong radiometric signatures, and coincident magnetic and conductive anomalies. These features collectively suggest a high potential for both REE and sulphide mineralization, making this area a priority target for follow-up geochemical sampling, geophysical surveys.
Extend geochemical sampling (rock, soil, and stream sediment) across underexplored parts of the Property.

OUR TARGET

Airborne Geophysical Survey and Drilling

Conduct a property-wide high-resolution airborne VLF-EM, magnetic, and gamma-ray spectrometric survey. This will help to identify and map out the radiometric signatures, EM conductivity, and magnetic anomalies more comprehensively across the entire property.
Based on Phase 1 results, design a targeted drilling program to test the highest-priority radiometric and geochemical anomalies.
Drill hole locations, depths, and budget to be finalized following Phase 1 data review.
Focus drilling along the Horsethief Creek intrusive contact zone, skarn bodies and carbonatite dyke targets.