Pipestone Bay Property

Adjoining Rowan property of West Red Lake Gold Mines, our Pipestone Bay property exhibits many of the hallmark features associated associated with gold deposits in the Red Lake Greenstone Belt—including silicification, sericite, biotite, chlorite alteration, visible gold in quartz veins, D2 folding, and crustal-scale structures,” Greg Lytle, President of Gold Finder. 

Gold Finder (formerly GoldON) owns a 100% interest in the Pipestone Bay property (the "Property") that is located within the Red Lake Greenstone Belt (RLGB) approximately 32 kilometres (km) west of the town of Red Lake. The 1,015-hectare Property lies at the western end of the Pipestone Bay - St. Paul Deformation Zone in an area with numerous gold occurrences, including three past producers on the adjoining Rowan property owned by West Red Lake Gold Mines (WRLG) (Figure 1).

Figure 1: Pipestone Bay property regional setting.

Significant historical work has been conducted in two areas of the Property: the 991 Zone (also known as the NW Pipestone Bay Occurrence) in the eastern part of the Property, and the western part of the Property, where there are two known gold occurrences (McIntosh Lake Iron Formation and Stupak-Dynes Group Occurrences). Figure 1 shows gold occurrences on the Property on a background of property geology (OGS Map 4594)

In 2025, Emerald Geological Services (ESG) conducted a review of all historical exploration on the Property to determine areas where untested targets warrant further exploration. ESG’s subsequent summer fieldwork consisted of prospecting and preliminary mapping of the Pipestone West Area, focusing on geological contact zones and folded iron formation.

Figure 2: Pipestone Bay property with background of geology.

The 2025 program did not yield any significant gold results from grab samples, with values ranging from <2 to 74 ppb gold. However, several horizons of banded iron formation were identified, which have previously returned anomalous gold values on the property (with a known maximum of 730 ppb gold). Higher-grade values are known to occur along strike to the southeast of the property (e.g. the historical Ledge showings where gold is related to quartz veining near mafic-felsic contact zones and banded iron formation, with values up to 22.1 g/t gold over 0.5 meters in channel samples and 7.7 g/t gold over 0.9m including 30.9 g/t gold over 0.14m in diamond drill core (Singh 2005)). Systematic geological mapping, prospecting and soil sampling are warranted in the western part of the property, followed by backhoe stripping and diamond drilling if warranted.

Figure 3: Pipestone West area with high-resolution magnetic survey data.

The 991 Zone

The 991 Zone in the eastern part of the Property is the primary drill-ready target (Figure 4). Only one known historical drill hole in 2004 by the previous operator, Redstar Gold¹, has tested the zone, which is hosted in felsic volcanic rocks at the contact with a folded ultramafic body to the north. The 2004 hole intersected a 200-meter-wide quartz-sericite alteration zone containing anomalous gold and copper values; however, it was drilled parallel to high-grade north-south quartz veins previously identified at the showing, which Gold Finder sampled in 2019, obtaining up to 44.9 g/t gold from grab samples.

The 991 Zone may represent the western extension of a regional structural corridor on WRLG's Rowan property, which hosts three past-producing gold mines: Mt Jamie, Rowan and Red Summit. WRLG recently carried out a Preliminary Economic Assessment (PEA) for the Rowan Mine, reporting an Indicated resource of 0.197 Moz at 12.78 g/t gold and an Inferred resource of 0.118 Moz at 8.73 g/t gold (Note: Gold FInder's QP has not verified the reported resource estimates and these are not necessarily representative of mineralization present on the Pipestone Bay property).

Figure 4: The 991 Zone with high-resolution magnetic survey data.

Gold Finder owns a 100% interest in the Pipestone Bay property, subject to a 1.5% net smelter returns (NSR) royalty held by EMX Royalty.

The technical information on this webpage has been reviewed and approved by Coleman Robertson, P. Geo, a qualified person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.

References:

1. Singh, 2005. Assessment Report on West Red Lake Properties for Redstar Gold Corporation, Red Lake District, NTS 52M01SE, 52M01SW, Ball Township, MNDM file 20000000647.