Located in the prolific Goodpaster Mining District of Alaska, the Healy project covers numerous untested gold targets within 14,500ha of prospective geology. The Healy Project was first identified and staked by Newmont Mining in 2011 following a systematic screening of Alaska’s Tintina Gold Belt through regional stream sediment geochemical sampling.

The property covers 14,550 hectares (36,000 acres) and is located approximately 180 km southeast of Fairbanks or 70 km east of Delta Junction which offer all amenities to serve exploration and mining activities. The property can be accessed via winter trail or helicopter from Delta Junction.

The Healy Project is located within the Goodpaster Mining District, which is part of the prolific Tintina Gold Province; host of significant deposits such as Donlin Creek, Fort Knox, Pogo, Coffee, Sheelite Dome and Dublin Gulch. The property straddles a regional contact between metamorphic basement rocks and Cretaceous igneous rocks, which is recognized as a regional control for gold mineralisation. The project lies within the major north-east trending structural corridor of the Black Mountain Tectonic Zone. The Black Mountain Tectonic Zone is believed to be similar to other major north-east trending structures such as the Shaw Creek, Mt. Harper, Ketchumstuck and Sixtymile fault systems, all of which are associated with major mineral occurrences. Within the project area gold-in-soil geochemical anomalies are coincident with numerous north-east trending structures related to this major structural corridor. Gold mineralisation is associated with quartz-sericite altered pyritic gneiss within the metamorphic basement rocks.

The Healy Project was originally identified as a multi-catchment gold anomaly through Newmont’s proprietary bulk leach extractable gold (BLEG) stream sediment sampling techniques during a regional survey of eastern interior Alaska. The project was staked in 2012 and has seen only limited early stage exploration including ridge-and-spur and grid soil sampling, geologic mapping and prospecting, and four shallow Shaw back-pack drill holes. The targets generated from the exploration campaigns have yet to be tested by diamond or reverse circulation drilling.

Northway Resources Corp. began exploration work in 2018, with the compilation and interpretation of geological and geochemical data, and the collection of additional soil and rock samples. The results of this work have led to expanding the anomalous geochemical footprint and defining drill targets for the 2019 exploration campaign.