Ann: Paulsens Corridor Exploration Update - Cu-Ag-Au Potential, page-2

BC8 might have two more Paulsens. One on the repeat and the other atBelvedere. You can bet there will find more across this land package. I hope NST gets sellers remorse this year.

Belvedere
Belvedere is located ~6km southeast of the processing facility and saw small-scale, pre-WWII underground gold
production. Belvedere currently has a shallow, open pit Resource of 30koz @ 3.9g/t Au1, with mineralisation hosted in
quartz veins within a dolerite intrusion. The Resource remains open at depth and along strike with only limited historical
RC drilling to date. Shallow drill results include1:
 4.0m @ 28.95g/t Au from 69m (PBERC0015).
 9.0m @ 12.72g/t Au from 73m (PBERC0021).
 8.0m @ 7.02g/t Au from 26m (BVRC016).
 4.0m @ 16.83g/t Au from 12m (BVRC026).

Additionally, shear hosted quartz veins with grades of up to 47.30g/t Au and 158.00g/t Ag outcrop at surface along a
~2.5km strike length from Belvedere to Eagles’ Lair (“Belvedere Trend”). Several historical shafts have been identified
during field reconnaissance with most of the strike length remaining undrilled. This fault zone is also prospective for copper
mineralisation, with historical surface samples returning up to 3.52% Cu (Figure 3 and Table 1).
Belvedere presents as a significant opportunity to find “another Paulsens” with a ~2.5km long strike length, a high-grade
open pit Resource from only limited shallow drilling and multi-metal potential.
Drilling is planned at Belvedere in mid-2023.