Announcement • Apr 17
Precore Gold Corp Completes Data Compilation and Readies for AI Driven Drill Target Identification At Lac Big-Rush Gold Property Precore Gold Corp. completed a data compilation program at its 100%-owned Lac Big-Rush Gold Property in the Chibougamau mining camp, Quebec. After several weeks of reviewing and compiling historical data from past exploration work undertaken on the property prior to the 1980’s, as well as incorporating important data gained through Quebec’s Ministère des Ressources Naturelles et des Forêts databases, Precore Gold is looking forward to using cutting-edge, verified and proven Artificial Intelligence technology, provided by Windfall Geotek Inc. The objective is to add a second layer of interpretation and to outline high-priority drill targets across Lac Big-Rush’s 2,712 hectares, located adjacent to Iamgold’s Nelligan Complex, and a mere 300 meters from their Croteau Deposit (Inferred near surface resource of 640,000 oz at 1.73 g/t). This AI work will also enable Precore to minimise time spent doing traditional field work at Lac Big-Rush during its maiden exploration campaign, later this year. The property geology is characterised by basalt, amphibolite interlayered with gabbro sills of the Bruneau Formation. The property is located along the east-west Faribault and Croteau inverse faults and shears, and is included in a gold bearing area, neighboring to the west of Iamgold’s Croteau Project. According to public records, about 20 diamond drill holes were drilled on the property between early 1950’s and 1986, including 10 DDH by Noranda Inc. Two historical and noteworthy gold showings, namely Tadd and Croteau West, are listed in the Province's Sigeom database. The Tadd showing is interpreted as a 2.3 meters wide mineralized quartz vein on average, followed over 50 meters of strike length. Two grab samples returned 7.33 grams per tonne Au and 5.33 g/t Au respectively. The Croteau West showing located about 2.5km east of the Tadd showing is an outcropping mineralized occurrence. A grab sample returned 65.15 g/t Au and a channel sample returned 3 g/t Au over 1.5 meters during Cree Mineral Exploration Board 2018 prospecting program (assessment report GM-71214). Windfall Geotek is a global leader in AI-driven mineral exploration, leveraging advanced machine learning to integrate and analyze multi-parameter geoscientific data, including geophysical, geological, geochemical, and remote sensing datasets. Its proprietary platform rapidly identifies and ranks high-probability mineral targets, significantly reducing exploration time, cost, and risk. Supported by a multidisciplinary team of geologists, geoscientists and AI specialists, the Company has contributed to 41 client discoveries, validating the accuracy and effectiveness of its predictive technology through real-world results. Building on this proven platform, Windfall Geotek is expanding into high-impact applications, including landmine and unexploded ordnance detection, highlighting the scalability and societal value of its AI solutions. New Risk • Apr 04
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$781k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$781k free cash flow). Earnings have declined by 62% per year over the past 5 years. Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$8.71m market cap, or US$6.25m). Minor Risk Share price has been volatile over the past 3 months (17% average weekly change). Announcement • Jan 15
Precore Gold Corp., Annual General Meeting, Mar 09, 2026 Precore Gold Corp., Annual General Meeting, Mar 09, 2026. Location: british columbia, vancouver Canada