Multiple Exceptional High-Grade Gold Intersections at Rouyn
Released
Released
Announcement PDF
ASX Announcement
Lac Gold Limited ASX: LAC ABN 82 110 884 252
1138 Hay Street, West Perth lacgold.com
Western Australia
4 June 2026
MULTIPLE EXCEPTIONAL HIGH-GRADE GOLD
INTERSECTIONS CONTINUE TO EXPAND
ROUYN GOLD SYSTEM
Broad mineralised halos, high-grade shoots and coarse gold continue to support
the interpretation of a large structurally controlled gold system at Astoria
Highlights
• Multiple exceptional high-grade gold intersections*
:
Hole ID Interval Including
AS-26-793 5.65m @ 141.29g/t Au (from 148.15m) 0.5m @ 1,580.00g/t Au
AS-26-792 9.10m @ 6.31g/t Au (from 123.40m) 4.00m @ 10.41g/t Au
AS-26-794 9.50m @ 2.25g/t (from 178.00m) 3.00m @ 6.72g/t Au
AS-26-787 97.50m @ 1.04g/t Au (from 554.65m) 17.00m @ 3.58g/t Au
AS-26-788 49.95m @ 1.12g/t Au (from 623.15m) 3.75m @ 7.00g/t Au, and
14.60m @ 2.11g/t Au, and
1.00m @ 12.78g/t Au
• Exceptional assay results associated with previously reported visible gold occurrence in hole
AS-26-793†
• Multiple samples required additional screen metallicandgravimetric analysis due to coarsegold
and elevated assay values
• Results continue to confirm continuity of high-grade mineralisation within the current drilling
area
• Broad mineralised halos and high-grade shoots are consistent with a large and evolving gold
system
• Initial 15,000m Phase 1 drilling campaign completed and 15,000m Phase 2 drilling underway
• Two diamond drill rigs currently operating with substantial assay results still pending
* Intersections expressed as downhole lengths, true widths are unknown at this stage.
† Refer ASX Announcement dated 29 April 2026
ASX Announcement
ASX: LAC | lacgold.com | investors@lacgold.com p2
Comment from Lac Gold Managing Director
Lac Gold Managing Director Andrew Stocks commented:
“These exceptional high-grade results materially strengthen our confidence in the scale and high-
grade potential of the Rouyn gold system.
Importantly, the high-grade intersections reported in this announcement are associated with
broad mineralised halos and structurally controlled alteration zones, supporting our interpretation
of a large and evolving orogenic gold system. The coexistence of broad mineralised envelopes and
discrete higher-grade shoots continues to strengthen our confidence in the geological model and
the growth potential of the Astoria deposit.
The correlation between previously reported visible gold and these assay results is particularly
encouraging and reinforces the significance of the mineralisation being intersected at Astoria.
With the initial 15,000 metre Phase 1 drilling program completed, a further 15,000 metre Phase 2
program underway and a substantial volume of assays still pending, we believe Rouyn
demonstrates the characteristics of a significant and expanding high-grade gold system.”
Lac Gold Limited (ASX: LAC) (“Lac Gold” or “the Company”) is pleased to report additional assay
results from its ongoing diamond drilling program at the Astoria deposit, part of the Rouyn Gold Project
in Québec, Canada. Results reported in this announcement are from drill holes AS-26-787 to
AS-26-794.
The latest assay results continue to confirm the continuity of gold mineralisation at Astoria within the
current Mineral Resource Estimate (MRE) area. Phase 1 drilling was designed to define higher-grade
zones, test extensions to mineralisation along the margins of the existing block model and improve
understanding of geological controls. Results continue to demonstrate both narrow high-grade
intervals (>6g/t Au over 1 to 4 metres) and broader mineralised zones (2.0–3.5g/t Au over 10 to 15
metres), consistent with a large structurally controlled orogenic gold system associated with the
Cadillac-Larder Lake Break.
Figures 1 and 2 – Visible gold in quartz veining, drill hole AS-26-793 (~152.05m down hole), Astoria, Rouyn†
ASX Announcement
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Exceptional High-Grade Results Continue to Expand Astoria
Recent drilling at Astoria has intersected multiple zones of high-grade gold mineralisation associated
with intense carbonate-albite-mica-tourmaline alteration, further confirming the strength and
continuity of the hydrothermal system. Gold mineralisation occurs within quartz and quartz-carbonate
veins, stockworks, and hydrothermal breccias hosted by ultramafic volcanic and sedimentary rocks.
Highlighting the latest results, hole AS-26-793 returned 1,580 g/t Au over 0.5 metres, representing the
highest-grade intercept reported to date from the current drilling campaign. The intercept was
encountered along the hanging-wall contact between deformed ultramafic volcanic rocks of the Piché
Group and sedimentary units of the Temiskaming Group, a favourable structural setting interpreted to
include a subtle flexure of the contact.
The high-grade mineralisation is located approximately 25 metres below historical underground
development at a vertical depth of approximately 150 metres. It is hosted within a chlorite-silica
alteration zone characterized by quartz veining and hydrothermal brecciation. Notably, the gold
mineralisation is not associated with significant sulphide concentrations, highlighting the importance
of alteration and structural controls in the localisation of high-grade gold within the Astoria system.
Importantly, the latest drilling continues to demonstrate the coexistence of:
• Broad continuous mineralised halos
• Steeply plunging higher-grade shoots
• Localised exceptionally high-grade gold domains.
The consistency and continuity of mineralisation encountered across multiple drill holes
continue to strengthen confidence in the geological model and support the interpretation of a
laterally and vertically extensive gold system. These results highlight the potential for further
resource growth through the expansion of known mineralised zones and the delineation of additional
high-grade shoots within the deposit.
Figure 3 – Astoria core being logged by Explo-Logik
ASX Announcement
ASX: LAC | lacgold.com | investors@lacgold.com p4
Summary of Significant Intersections
Hole ID From (m) Interval (m)* Au (g/t)
AS-26-787 554.65 97.50 1.04
563.10 3.90 1.82
585.00 2.00 1.49
592.00 5.50 1.18
625.00 5.60 3.01
634.00 17.00 3.58
AS-26-788 623.15 49.95 1.12
625.25 3.75 7.00
649.00 7.00 2.38
699.00 14.60 2.11
699.00 1.00 12.78
706.00 3.15 4.33
746.30 12.70 0.64
747.70 2.70 2.03
756.00 1.50 1.42
AS-26-789 216.40 1.25 3.25
AS-26-790 7.50 45.50 0.70
21.00 9.00 1.83
AS-26-791 217.00 43.55 0.48
221.00 4.70 1.16
233.55 3.15 2.25
AS-26-792 123.40 9.10 6.31
126.50 4.00 10.41
AS-26-793 148.15 5.65 141.29
151.80 0.50 1,580.00
AS-26-794 178.00 9.50 2.25
181.90 3.00 6.72
255.00 17.45 0.56
262.00 2.15 2.82
In addition to the exceptional high-grade intervals, several drill holes intersected broad mineralised
halos consistent with previous drilling at Astoria.
These broader envelopes continue to support interpretation of a large hydrothermal gold system
surrounding localized higher-grade shoots.
ASX Announcement
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Coarse Gold and Analytical Follow-Up
Several samples associated with the reported high-grade intersections required additional analytical
follow-up, including screen metallic and gravimetric analysis, due to the presence of coarse gold and
elevated assay values.
The Company previously reported visible gold in hole AS-26-793†
. The latest assay results correlate
strongly with the observed visible gold occurrence and further support the significance of the
mineralisation being intersected within the Astoria system.
The additional analytical procedures extended laboratory processing times but are considered
important to support representative assay reporting and quality assurance protocols.
Geological Interpretation
The latest drilling results are consistent with the geological model developed for Astoria and are further
refining understanding of the controls on higher-grade mineralisation. Drilling completed to date
continues to support the interpretation of Astoria as a large structurally controlled orogenic gold
system located along the Cadillac-Larder Lake Break.
The distribution of mineralisation highlights two principal controls:
Hydrothermal Alteration Envelopes
Broad mineralised intervals define extensive shear-hosted hydrothermal alteration zones. These zones
are characterized by pervasive quartz-carbonate veining, silica flooding, iron-carbonate-sericite
alteration, and disseminated pyrite-arsenopyrite mineralization developed within volcanic host rocks
and along adjacent deformed sedimentary contacts.
Structurally Controlled High-Grade Zones
Higher-grade mineralised intervals intersected in holes AS-26-792 and AS-26-793 are associated with
localized brittle structural zones interpreted to have acted as fluid-decompression pathways within the
broader hydrothermal system. These structures generally dip steeply to the north and northwest and
host irregular lens-shaped quartz-carbonate vein arrays developed within carbonatised ultramafic
rocks of the Piché Group, as well as biotite-tourmaline altered sedimentary units.
The spatial relationship between the broad alteration envelopes and discrete high-grade mineralised
shoots is consistent with the structural architecture of major orogenic gold deposits. Mineralisation
appears to be controlled by a principal shear zone developed along favourable stratigraphic contacts,
with higher-grade gold concentrations localized within secondary and tertiary structures that provided
enhanced pathways for fluid flow and gold deposition.
ASX Announcement
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Drilling Program Update
Status Holes Metres
Drilled 45 15,259
Logged 34 9,596
Sampled & Dispatched 30 8,642
Assays Received 18 5,095
Pending at Laboratory 12 3,547
Following completion of the initial 15,000 metre Phase 1 drilling campaign, which successfully
confirmed the continuity of mineralisation and strengthened confidence in the Company's geological
model, the Company has commenced a further 15,000 metre Phase 2 program aimed at expanding the
existing Mineral Resource Estimate at Astoria, testing the continuity and extent of mineralisation, and
advancing additional targets along the Cadillac Break corridor.
Drilling activities continue to focus on:
• Extending known mineralisation at Astoria, with an emphasis on demonstrating the continuity
of high-grade zones along strike and down-plunge
• Testing the down-dip continuity of the mineralised system between depths of 400 metres and
1,000 metres
• Advancing additional targets within the Cadillac Break corridor, primarily aimed at expanding
and linking existing gold showings.
The Company continues to incorporate incoming assay results into updated geological and structural
models to refine targeting and support future resource growth assessments.
Next Steps
• Execution of the 15,000 metre Phase 2 drilling program aimed at extending known
mineralisation at Astoria and testing additional targets along the Rouyn corridor
• Compilation and validation of historical project data, including databases, geological
interpretations, models, and resource estimates
• Review and refinement of interpretations related to mineralised structures, host lithologies,
alteration patterns, and structural controls
• Concurrent multi-scale data integration and targeting studies using advanced artificial
intelligence tools to identify and prioritize new exploration targets
• Integration of new assay results into updated geological and structural models
• Additional assay results anticipated in the near term
• Continued evaluation of resource growth opportunities and potential development scenarios.
• Ongoing testing of multiple exploration targets along the Rouyn corridor.
ASX Announcement
ASX: LAC | lacgold.com | investors@lacgold.com p7
Figure 3 – Drill Hole Collar Plan, Astoria Area, Rouyn Gold Project
ASX Announcement
ASX: LAC | lacgold.com | investors@lacgold.com p8
ASX Announcement
ASX: LAC | lacgold.com | investors@lacgold.com p9
This announcement has been authorised for release by the Board of Lac Gold Limited.
Further information
Andrew Stocks Managing Director
Matthew Keegan Executive Director
Tel: +61 8 6184 5938
investors@lacgold.com
Engage with this announcement at the Lac Gold Investor Hub.
More information is available from the Company’s website.
About Lac Gold Limited
Lac Gold Limited is a Canadian-focused gold company advancing the Rouyn Gold Project in Québec
and the Pickle Lake Gold Project in Ontario.
The Rouyn Gold Project is located on the Cadillac Break within the Abitibi gold region and hosts a large
existing Mineral Resource Estimate (refer ASX:ADV announcement dated 10 October 2025).
The Pickle Lake Gold Project includes the historic Golden Patricia Mine and a district-scale landholding
within the Uchi Geological Subprovince of Ontario.
The Company is focused on disciplined project advancement through targeted exploration, technical
evaluation, responsible development and strong local partnerships.
Forward Looking Statements
This announcement contains forward-looking statements regarding future events, including planned
technical studies, metallurgical programs, optimization work, permitting activities and development
outcomes. Forward-looking statements are subject to risks, uncertainties and assumptions that could
cause actual results to differ materially from those expressed or implied in such statements. No
assurance can be given that future studies or evaluations will support development of the Rouyn Gold
Project or that anticipated outcomes will be achieved.
Competent Persons Statement
Rouyn Gold Project – Exploration Results
The information in this report that relates to Exploration Results at the Rouyn Gold Project is based on,
and fairly represents, information and supporting documentation prepared by Ms Suzie Tremblay,
P.Geo., a member of the Ordre des géologues du Québec (OGQ), a Recognised Professional
Organisation (RPO). Ms Tremblayisa full-time employee of Explo-Logik Inc.,an independent geological
consulting firm engaged by Lac Gold Limited. Ms Tremblay has sufficient experience relevant to the
style of mineralisation and type of deposit under consideration and to the activity being reported to
qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves.
ASX Announcement
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The Competent Person has reviewed the underlying data and confirms that it fairly represents the
exploration results reported.
Ms Tremblay consents to the inclusion in this report of the matters basedon this information in the form
and context in which it appears.
Competent Person’s Statement
Mineral Resource Estimate – Rouyn Gold Project, Québec
The information in this announcement that relates to Mineral Resources for the Rouyn Gold Project has
been extracted from the ASX announcement titled “Ardiden and Lac Gold to Create a Leading Canadian
Gold Exploration and Development Company” released on 10 October 2025 and available at
www.asx.com.au. Lac Gold Limited confirms that it is not aware of any new information or data that
materially affects the information included in that announcement, and that all material assumptions
and technical parameters underpinning the estimates in that announcement continue to apply and
have not materially changed. Lac Gold Limited also confirms that the form and context in which the
Competent Person’s findings are presented have not been materially modified from that
announcement.
Mineral Resource Estimate – Rouyn Gold Project, Québec
Classification Material type
Au cut-
off
(g/t)
Tonnage
(Mt)
Gold
(g/t)
Gold Ounces
(koz)
Indicated Ultramafic 1.72 8.5 3.29 898
Argillite 2.07 0.7 3.43 78
Total Indicated 9.2 3.30 976
Inferred Ultramafic 1.72 5.6 3.13 565
Argillite 2.07 1.0 3.86 126
Total Inferred 6.6 3.24 690
Total Resource
(Indicated &
Inferred)
15.8 3.28 1,666
Note: Due to effects of rounding, totals may not represent the sum of all components.
The Rouyn Gold Project currently hosts a Mineral Resource Estimate (JORC 2012), previously
announced to the ASX on 10 October 2025. Recent drilling has targeted extensions beyond the current
Mineral Resource envelope.
ASX Announcement
ASX: LAC | lacgold.com | investors@lacgold.com p11
APPENDIX A: COLLAR INFORMATION FOR COMPLETED DRILL HOLES
Hole ID
Prospect
/ Target
Azimuth Dip
Hole
Length
(m)
Easting (UTM
NAD83 Zone
17)
Northing
(UTM NAD83
Zone 17)
RL
(m)
Status
AS-26-787
Astoria
West
210 -80 744 645964 5340059 306 Completed
AS-26-788
Astoria
West
196 -86 852 645963 5340058 305 Completed
AS-26-789
Astoria
West
180 -55 252 645923 5339904 302 Completed
AS-26-790
Astoria
West
180 -45 175 645943 5339845 307 Completed
AS-26-791
Astoria
West
180 -65 510 645914 5339950 303 Completed
AS-26-792
Astoria
East
180 -45 294 646353 5339875 300 Completed
AS-26-793
Astoria
West
180 -65 291 645971 5339924 305 Completed
AS-26-794
Astoria
West
0 -65 273 645884 5339703 301 Completed
APPENDIX B: DRILLING RESULTS
Significant intercepts are reported using a lower cut-off of 0.2g/t Au and a minimum intercept length
of 0.3m.
Hole # From (m) To (m) Core Length (m) AU (g/t)
AS-26-787 36.50 38.00 1.50 2.04
148.80 150.00 1.20 0.68
156.00 157.50 1.50 0.24
402.00 403.30 1.30 0.23
554.65 555.50 0.85 0.28
555.50 556.50 1.00 0.27
556.50 557.60 1.10 0.32
561.45 562.50 1.05 0.58
562.50 563.10 0.60 0.47
563.10 564.00 0.90 2.47
564.00 565.00 1.00 1.59
565.00 566.00 1.00 1.63
566.00 567.00 1.00 1.66
582.10 583.30 1.20 0.69
584.00 585.00 1.00 0.36
585.00 586.00 1.00 1.53
586.00 587.00 1.00 1.45
587.00 588.00 1.00 0.22
589.50 590.00 0.50 0.51
590.00 591.00 1.00 0.29
591.00 592.00 1.00 0.30
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Hole # From (m) To (m) Core Length (m) AU (g/t)
592.00 593.00 1.00 1.44
594.00 595.00 1.00 0.71
595.00 595.50 0.50 3.52
595.50 596.50 1.00 0.42
596.50 597.50 1.00 2.03
597.50 598.50 1.00 0.76
598.50 599.35 0.85 0.34
600.00 601.00 1.00 0.32
601.00 602.00 1.00 0.33
618.70 620.00 1.30 0.21
625.00 626.00 1.00 13.70
629.55 630.60 1.05 2.95
634.00 635.00 1.00 1.88
635.90 636.60 0.70 11.50
639.00 640.50 1.50 7.84
640.50 641.40 0.90 3.20
641.40 642.60 1.20 0.69
642.60 644.00 1.40 0.78
644.00 645.25 1.25 0.39
645.25 646.30 1.05 10.00
646.30 647.50 1.20 11.20
647.50 648.70 1.20 0.83
648.70 650.00 1.30 5.86
650.00 651.00 1.00 0.99
733.00 734.00 1.00 0.23
735.90 736.95 1.05 0.33
738.00 739.00 1.00 0.31
AS-26-788 28.50 30.00 1.50 0.37
623.15 624.20 1.05 0.54
624.20 625.25 1.05 0.48
625.25 625.75 0.50 1.82
625.75 626.85 1.10 7.90
626.85 627.95 1.10 9.12
627.95 629.00 1.05 6.31
630.00 631.00 1.00 0.24
639.00 640.00 1.00 0.52
643.00 644.00 1.00 0.36
644.00 645.00 1.00 0.37
646.00 647.00 1.00 0.30
647.00 648.00 1.00 0.43
648.00 649.00 1.00 0.39
649.00 650.00 1.00 3.55
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Hole # From (m) To (m) Core Length (m) AU (g/t)
651.00 652.00 1.00 3.28
652.00 653.00 1.00 3.30
653.00 654.00 1.00 1.63
654.00 655.00 1.00 0.31
655.00 656.00 1.00 4.57
656.00 657.00 1.00 0.35
657.00 658.00 1.00 0.30
659.00 660.00 1.00 1.21
660.00 661.00 1.00 0.73
661.00 662.00 1.00 0.32
662.00 663.00 1.00 0.35
663.95 665.00 1.05 0.77
665.00 666.00 1.00 0.43
666.00 667.00 1.00 0.43
667.00 668.00 1.00 0.51
668.00 669.00 1.00 0.60
671.30 672.10 0.80 1.08
672.10 673.10 1.00 1.45
677.80 678.95 1.15 0.50
693.00 694.00 1.00 0.44
695.00 695.90 0.90 0.46
695.90 696.90 1.00 0.34
699.00 700.00 1.00 12.78
705.00 706.00 1.00 0.29
706.00 706.80 0.80 4.44
706.80 707.65 0.85 7.58
708.15 708.65 0.50 3.82
708.65 709.15 0.50 3.14
710.65 711.60 0.95 2.68
711.60 712.60 1.00 1.10
712.60 713.60 1.00 0.23
742.00 743.50 1.50 0.23
747.50 748.00 0.50 0.56
748.00 748.50 0.50 3.10
749.00 749.50 0.50 0.41
749.50 750.40 0.90 3.41
756.00 757.50 1.50 1.42
783.10 783.85 0.75 0.66
787.50 789.00 1.50 0.27
789.00 790.50 1.50 0.20
AS-26-789 112.50 114.00 1.50 0.68
119.40 120.90 1.50 0.90
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Hole # From (m) To (m) Core Length (m) AU (g/t)
122.30 123.40 1.10 0.22
129.40 130.90 1.50 0.24
132.40 133.70 1.30 0.45
133.70 135.05 1.35 0.29
162.00 163.50 1.50 0.31
165.00 166.50 1.50 0.27
171.50 173.00 1.50 0.22
174.50 176.00 1.50 0.35
176.00 177.50 1.50 0.26
179.00 180.50 1.50 0.31
180.50 182.00 1.50 0.30
182.00 183.50 1.50 0.67
209.60 211.10 1.50 0.76
215.20 216.40 1.20 0.44
216.40 217.65 1.25 3.25
AS-26-790 13.50 15.00 1.50 0.25
15.00 16.50 1.50 0.69
16.50 18.00 1.50 0.78
18.00 19.50 1.50 0.77
19.50 21.00 1.50 0.68
21.00 22.50 1.50 2.76
22.50 24.00 1.50 2.35
24.00 25.50 1.50 0.60
25.50 27.00 1.50 1.40
27.00 28.50 1.50 2.13
28.50 30.00 1.50 1.73
31.50 33.00 1.50 0.38
33.00 34.50 1.50 0.54
34.50 36.00 1.50 0.42
36.00 37.50 1.50 0.47
37.50 39.00 1.50 0.63
39.00 40.50 1.50 0.68
40.50 42.00 1.50 0.57
42.00 43.00 1.00 0.52
43.00 44.00 1.00 0.50
44.00 45.00 1.00 0.76
45.00 46.50 1.50 0.65
49.50 51.00 1.50 0.64
51.00 52.00 1.00 0.21
AS-26-791 47.00 48.00 1.00 0.23
76.90 77.40 0.50 0.62
88.50 90.0 1.50 0.28
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Hole # From (m) To (m) Core Length (m) AU (g/t)
217.00 218.15 1.15 0.76
219.20 220.00 0.80 0.60
221.00 222.00 1.00 1.09
222.00 222.70 0.70 3.25
222.70 223.40 0.70 1.11
223.40 224.20 0.80 0.21
225.00 225.70 0.70 1.42
229.00 230.00 1.00 0.26
230.00 231.00 1.00 0.94
233.55 235.00 1.45 1.10
235.00 236.00 1.00 3.43
236.00 236.70 0.70 2.94
240.70 241.35 0.65 0.52
241.35 241.90 0.55 0.27
241.90 242.55 0.65 0.68
242.55 243.10 0.55 0.06
249.00 250.50 1.50 0.23
250.50 251.65 1.15 0.48
251.65 252.70 1.05 0.53
252.70 254.00 1.30 0.46
255.00 256.50 1.50 0.65
310.65 311.95 1.30 0.98
316.40 316.90 0.50 1.09
316.90 317.85 0.95 0.87
451.45 451.95 0.50 0.29
AS-26-792 123.40 124.85 1.45 5.84
124.85 125.80 0.95 4.69
125.80 126.50 0.70 2.90
126.50 127.00 0.50 33.10
127.00 127.50 0.50 3.82
127.50 128.15 0.65 9.66
128.15 128.65 0.50 2.47
129.20 129.70 0.50 0.42
129.70 130.50 0.80 19.30
130.50 131.40 0.90 0.40
131.40 132.50 1.10 0.41
156.00 157.00 1.00 0.42
157.90 158.50 0.60 1.56
188.70 189.20 0.50 0.22
190.30 191.40 1.10 0.23
226.75 227.25 0.50 0.28
228.15 228.90 0.75 0.23
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Hole # From (m) To (m) Core Length (m) AU (g/t)
280.00 280.50 0.50 0.32
AS-26-793 148.15 148.85 0.70 0.70
148.85 149.90 1.05 2.49
149.90 150.50 0.60 3.36
150.50 151.20 0.70 1.62
151.20 151.80 0.60 0.69
151.80 152.30 0.50 1,580.00
152.30 152.80 0.50 0.97
152.80 153.80 1.00 1.15
AS-26-794 162.90 163.45 0.55 0.18
178.00 179.00 1.00 0.28
179.00 180.50 1.50 0.26
181.90 183.00 1.10 3.18
183.00 183.70 0.70 21.30
183.70 184.90 1.20 1.45
255.00 255.80 0.80 0.57
262.00 263.05 1.05 3.52
263.05 264.15 1.10 2.15
264.15 265.20 1.05 0.28
265.20 266.00 0.80 0.21
266.00 267.30 1.30 0.49
267.30 268.25 0.95 0.46
268.25 269.20 0.95 0.26
270.00 271.50 1.50 0.33
271.50 272.45 0.95 0.37
JORC CODE, 2012 EDITION – TABLE 1
JORC Code Table 1 Criteria - The table below summarises the assessment and reporting criteria
used for the Rouyn Gold Project sampling techniques and data guidelines in Table 1 of The
Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (the
JORC Code, 2012).
Section 1 Sampling Techniques and Data
Criteria JORC Code explanation Commentary
Sampling
techniques
• Nature and quality of sampling (e.g. cut
channels, random chips, or specific specialised
industry standard measurement tools
appropriate to the minerals under investigation,
such as downhole gamma sondes, or handheld
XRF instruments, etc.). These samples should
not be taken as limiting the broad meaning of
sampling.
• Include reference to measures taken to ensure
sample representivity and the appropriate
• Samples have been collected by diamond drilling
techniques (see below).
• Drillholes are orientated perpendicular to the
interpreted strike of the mineralised trend except
where limited access necessitates otherwise.
• Diamond core sampled in intervals of ~1 m where
possible, otherwise intervals less than 1 m selected
based on geological boundaries.
• The core was logged, cut, and sampled by qualified
personnel at Explo-Logik core shack in Val D’Or and
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Criteria JORC Code explanation Commentary
calibration of any measurement tools or
systems used.
• Aspects of the determination of mineralisation
that are Material to the Public Report.
• In cases where ‘industry standard’ work has
been done this would be relatively simple (e.g.
‘reverse circulation drilling was used to obtain 1
m samples from which 3 kg was pulverised to
produce a 30 g charge for fire assay’). In other
cases more explanation may be required, such
as where there is coarse gold that has inherent
sampling problems. Unusual commodities or
mineralisation types (e.g. submarine nodules)
may warrant disclosure of detailed information.
samples submitted to AGAT Laboratories (AGAT) in
Québec.
• The same side of the core was consistently sampled
to avoid selective sampling bias.
• Gold was analysed by fire assay (50 g) with atomic
absorption finish, while base metals were analysed
by four-acid digestion with ICP-OES finish. All
samples received by AGAT were crushed to 90%
passing 2-10 mm mesh sieve. This was then riffle
split to a 250 g sample which was pulverised to 90%
passing 75 microns.
• Samples with gold grades greater than 10 g/t are
reprocessed using gravity finish. The processed
material is split and analysed by fire assay with ICP-
OES finish to extinction. A separate split is prepared
to independently analyse mineralized intervals with a
target grade greater than 1.00% Cu-Zn using a Na₂O₂
fusion with ICP-OES or ICP-MS finish.
• All samples containing visible gold were sent for
metallic screen analysis.
• These techniques are considered appropriate for the
mineralisation expected at all properties.
Drilling
techniques
• Drill type (e.g. core, reverse circulation, open-
hole hammer, rotary air blast, auger, Bangka,
sonic, etc) and details (e.g. core diameter, triple
or standard tube, depth of diamond tails, face-
sampling bit or other type, whether core is
oriented and if so, by what method, etc).
• All samples and geological information have been
derived from diamond core using standard equipment
of NQ size (47.6 mm diameter).
• The drill holes were completed by Forage Val d’Or of
Québec in 2026.
• The drill core was oriented by Forage Val d’Or and
verified by Explo-Logik of Québec.
Drill sample
recovery
• Method of recording and assessing core and
chip sample recoveries and results assessed.
• Measures taken to maximise sample recovery
and ensure representative nature of the
samples.
• Whether a relationship exists between sample
recovery and grade and whether sample bias
may have occurred due to preferential loss/gain
of fine/coarse material.
• All drill core was measured and compared to actual
drilled depths on a run-by-run basis by the company
geologist and driller to determine core recovery and
Rockmass Quality Data (RQD). Recoveries averaged
higher than 98% with the only loss of material coming
from the overburden. This horizon is not considered
prospective for Lac Gold Limited’s purposes.
• Core recovery through the mineralized zones is
greater than 98%.
• No sample bias was observed.
Logging • Whether core and chip samples have been
geologically and geotechnically logged to a level
of detail to support appropriate Mineral
Resource estimation, mining studies and
metallurgical studies.
• Whether logging is qualitative or quantitative in
nature. Core (or costean, channel, etc)
photography.
• The total length and percentage of the relevant
intersections logged.
• All diamond core has been marked up, inspected,
logged and photographed by suitably trained and
qualified personnel of Explo-Logik.
• Logging detail includes depth, hole orientation,
lithology, alteration, veining, mineralogy,
mineralisation, RQD, magnetic susceptibility and
structure. These methods involve a combination of
both qualitative and quantitative determinations.
• Diamond core was logged in its entirety.
Sub-sampling
techniques
and sample
preparation
• If non-core, whether riffled, tube sampled, rotary
split, etc and whether sampled wet or dry.
• For all sample types, the nature, quality and
appropriateness of the sample preparation
technique.
• Quality control procedures adopted for all sub-
sampling stages to maximise representivity of
samples.
• Measures taken to ensure that the sampling is
representative of the in-situ material collected,
including for instance results for field
duplicate/second-half sampling.
• All samples have been derived from NQ diamond core
and have been cut in half or quarter using a standard
core saw. Foliation is aligned perpendicular to the cut.
This technique is considered appropriate for the
mineralisation observed at the properties.
• Crushing stage duplicates have been submitted to the
assay laboratory at a rate of 1:20 to evaluate the
sampling technique as per standard industry practise.
• Lac Gold has retained and stored all remaining half-
core samples for future reference/use.
• Sample preparation follows industry best practice
standards and is conducted by internationally
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Criteria JORC Code explanation Commentary
• Whether sample sizes are appropriate to the
grain size of the material being sampled.
recognised and certified laboratories.
• Quality control samples inserted include field
duplicates (1 in 20), standards (1 in 20) and blanks (1 in
50).
• Sample sizes are consistent with industry standards
and are considered appropriate for the mineralisation.
Quality of
assay data
and laboratory
tests
• The nature, quality and appropriateness of the
assaying and laboratory procedures used and
whethe
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