Pakwash North Property

We optioned Pakwash North property to BTU Metals in a cash and stock transaction, they have earned an 60% interest in the property and we've retained a 40% equity stake in any future exploration success,” Greg Lytle, president of Gold Finder. 

Gold Finder owns a 40% interest in the 3,105-hectare Pakwash North property (the "Property"). Located ~36 km southeast of Red Lake. The Property adjoins the southeastern portion of BTU Metals’ Dixie Halo property and the northern boundary of Kinross Gold’s Bruce Lake property. Gold Finder (formerly GoldON) optioned the property to BTU (see news release of March 23, 2021), and they have earned a 60% interest in the property by incurring exploration expenditures that included drill testing of gold targets and a Cu-Zn-Ag-Au target.

Figure 1: Location of Pakwash North property and surrounding properties (click on image to enlarge).

BTU also entered into a series of transactions with Kinross in February 2023, which included an option agreement whereby Kinross can earn a 70% interest in a portion of the Dixie Halo property that adjoins Kinross’s Great Bear Project (see claim map at right). To earn the 70% interest, Kinross must incur $4.7 million in exploration expenditures over four years.

On May 20, 2025, BTU announced that Kinross had commenced a core drilling program that is planned to include ~8,000 metres on various target areas identified as priority locations for potential gold mineralization on the Dixie Halo property. If the Kinross drilling program results in a new discovery near the Pakwash North claim boundary, it could enhance the potential value of the Property.

The Property is 100% owned by BTU and Gold Finder on a 60%-40% basis, subject to a 1.5% net smelter returns (NSR) royalty held by EMX Royalty.

The technical information on this webpage has been approved by Mike Kilbourne, P.Geo., a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.