Elizabeth Anne is a low-sulfidation, epithermal gold system along the southeastern extension of the Walker Lane Mineral Belt. The project shows similarities with other low-sulfidation, epithermal gold systems in the Walker Lane including Comstock, Bullfrog, and Castle Mountain. One similarity is the large argillic alteration halo associated with these mineral systems.

Elizabeth-Anne is centered on a 2 to 3 mile wide, north-south trending graben. The project is hosted within structures that cut the tertiary conglomerates and sandstones that fill the basin.

Past operators drilled diamond core exploration holes on the project, most recently in 2012 and 2013. The results of this drilling have been made available to the Company. From this past data, the Company has calculated an internal non-compliant mineral resource which contains 2,540,000 tons at a grade of 1.12 g/t Au for a potential resource of 91,254 ounces of Au. The Company emphasizes that this resource is non-compliant and requires further validation through drilling and application of applicable QA/QC procedures.

Exploration plans for 2024 at Elizabeth Anne include drilling with the goal of validating the historic mineral intercepts and expanding the mineral resource. The Company is also planning reverse-circulation exploration drilling in areas with anomalous surface geochemistry that have not been drill- tested before.

The Company controls 121 unpatented mining claims for the Elizabeth Anne Project through a mineral lease with purchase option.