Mineral Creek — Karus Mining Inc.

The Project

Significant grades with bulk-tonnage scale

The Mineral Creek project sits within the historic China Creek mining camp on Vancouver Island, just 10 km from Port Alberni and 35 km from Nanaimo. A structurally-controlled orogenic gold system with historical gold production, it pairs narrow, significant-grade veins with a large low-grade bulk-tonnage target — and remains open at depth and along strike.

Vancouver Island, BC — 10 km from Port Alberni, 35 km from Nanaimo
Sealed road access with year-round exploration via forestry roads
Large, consolidated 13,286 ha land package (51 mineral claims)
Within the historic, gold-producing China Creek mining camp

Mineral Creek project location on Vancouver Island, near Port Alberni — Mineral Creek sits on Vancouver Island — about 10 km from Port Alberni and 35 km from Nanaimo — within the historic China Creek mining camp. Click to enlarge.

Geology

Two styles, one system

Two complementary styles of mineralization sit side-by-side: narrow, significant-grade quartz-carbonate veins in the hanging wall of the Mineral Creek Fault, and a broad low-grade zone with bulk-tonnage potential — plus multiple volcanogenic massive sulphide targets across the property.

Mineral Creek property geology map with claim boundaries — Property geology of the Mineral Creek camp — the Mineral Creek Fault and hanging-wall stratigraphy that host the gold veins, within the consolidated 13,286 ha claim package. Click to enlarge.

Orogenic gold hosted in the hanging wall of the Mineral Creek Fault

Significant-grade ore shoots interpreted at the intersection of the fault and the Linda vein, plunging ~50° south

Significant-grade veins: Linda, Ember and the 900 vein

Multiple volcanogenic massive sulphide (VHMS) targets known on the property

Significant Gold Grades

Significant grades across the district

Historical and 2023 drilling has repeatedly returned significant gold grades from the Linda, Ember and 900 veins — alongside broad bulk-tonnage intercepts.

306 g/t

Au over 1.0 m — MC23-08

153.93 g/t

Au over 2.0 m — MC23-08

58.4 m

@ 1.08 g/t Au — MC23-06

Significant vein interceptsAu g/t

BTT-L58 · Linda vein · 1.65 m215.15

BTT-L54 · Linda vein · 7.20 m185.46

BTT-L14 · Linda vein · 1.10 m152.65

D87DH89 · 900 vein · 0.30 m134.37

D88DM166 · Linda vein · 0.30 m122.37

D87DH118 · 900 vein · 18.00 m112.04

D87DH50 · 900 vein · 21.80 m23.65

Bars capped at 60 g/t for scale; Linda-vein intercepts exceed 200 g/t. Intervals are drilled widths and may not represent true width. Historical results are per the NI 43-101 Technical Report on the Mineral Creek Project (C.J. Greig & Associates Ltd. / Theia Gold Corp., effective June 5, 2024).

View NI 43-101 Technical Report

Mineral Creek — selected best intervals from the 2023 drill program, plan view with labeled grades — Selected best intervals from the 2023 drill program (plan view). Each label shows the hole, grade and drilled width — highlights include MC23-08 at 153.93 g/t Au over 2.0 m and MC23-06 at 1.08 g/t Au over 58.41 m. Click to enlarge.

Bulk-Tonnage Intercepts

Y89DH100 · broad near-surface zone

1.70 g/t Au / 71.70 m

MC23-06 · 2023 program

1.08 g/t Au / 58.41 m

Y88DH85 · open along strike

1.56 g/t Au / 52.50 m

Next Steps

A 2026 program to grow the discovery

H2 2026

next drill program, building on the 2023 success

Linda & Ember

test the depth extent of the significant-grade veins

Step-out

expand along the Mineral Creek Fault trend

Test the down-dip and along-strike extent of the significant-grade Linda and Ember veins

Step out along the Mineral Creek Fault to grow the bulk-tonnage footprint

Integrate the modern drill database with historical data to define new targets

Be Early

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