Apogee Completes Field Program at the Pine Channel Property

Core Viewpoint - Apogee Minerals Ltd. has completed a field program at the Pine Channel Property in Saskatchewan, focusing on gold exploration and geological mapping, with an option to acquire an 80% interest in the property [1][12]. Property Overview - The Pine Channel Property consists of 29 mineral dispositions covering 6,519 hectares, located approximately 40 km west of Stony Rapids, Saskatchewan, accessible year-round by aircraft [5]. - The property is primarily exploring structurally controlled vein-quartz gold deposits, with historical mineral occurrences predominantly containing gold [6]. Field Program Details - The 2025 field program concentrated on the Algold Bay Showing area, utilizing high-resolution aeromagnetic data and LiDAR for structural analysis, with 64 rock samples collected [4][11]. - Historical work has documented significant gold grades in various drill holes, including 63.5 g/t Au over 0.6 m and 407.96 g/t Au over 0.5 m [8]. Historical Context - Government mapping in the Pine Channel area dates back to 1913, with the first industry work reported in 1950, and a total of 51 assessment reports have been filed [7]. - Previous operators conducted exploration in the 1980s, with the last significant work occurring in 2013 [9]. Exploration Agreement - In May 2021, Apogee entered into an option agreement with Eagle Plains, allowing it to earn an 80% interest in the Pine Channel Property by completing CAD $3 million in exploration expenditures and issuing shares [12]. - Eagle Royalties Ltd. holds a 2% NSR on most claims, with a buy-back option for Eagle Plains [13]. Future Exploration Potential - The recent fieldwork confirmed the presence of auriferous quartz veins and identified new target areas for future exploration based on geophysical anomalies and mineralized trends [10][11].