Omega Mine

Overview

Located along the prolific Kirkland Lake / Cadillac–Larder Lake Break, Omega hosts a shallow, high-grade gold resource last defined in 2013 at a conservative ~US$1,200/oz gold price. The project has a strong production history, with 217,500 ounces mined at 5.4 g/t gold, and benefits from excellent infrastructure including highway access, grid power, and an existing tailings facility. With more than 30,000 metres of historical drilling in the database, Omega is a well-advanced gold asset strategically situated beside Agnico Eagle’s Upper Beaver, Pan American Silver’s Larder, and the historic Kerr Addison deposit.

Next Steps

Omega is well-positioned for its next phase of growth. With the potential to approach 1 million ounces without drilling another hole, the Company plans to update the Mineral Resource Estimate under a more conservative US$4,000/oz gold price environment, unlocking immediate ounces through model refinement. Targeted drilling will focus on high-grade zones beneath the existing resource and the Southwest Zone, where historical intersections suggest strong grade continuity at depth. The Company also intends to drill-test the Omega tailings, following the same successful approach used at McGarry, to assess tonnage, grade, and metallurgical recoveries as a potential near-surface, low-cost resource addition. Omega currently hosts 219.8 koz at 1.39 g/t Au (M&I) and 365.4 koz at 2.43 g/t Au (Inferred), providing a strong foundation for meaningful resource expansion.

2013 Mineral Resource

Omega is located 30km East of Kirkland Lake on 15 leased claims and two patents. Two historical production shafts exist on the property, which historically has produced ~215,000 ounces at 5.41 gpt between 1926 - 1928 and 1936 - 1947.  

Summary of Mienral Resources as at May 2013.