TSX-V: BNT  ·  Application in progress
Fox Lake–Zena Property  ·  NWT, Canada  ·  19,226 ha  ·  100% BNTGold
Multi-commodity: Au · Li · W · Ta · Cs
Neoarchean Orogenic System · Slave Craton · Canada

Discovering the Next
Slave Craton Gold Belt

BNTGold Resources holds the Fox Lake–Zena property — 19,226 ha of highly prospective Neoarchean terrane in the Northwest Territories, with confirmed gold, lithium, and tungsten from a single causative granite system. The strongest IP anomaly in the 2016 survey has never been drilled.

148
g/t Au peak · DDH07
1,109 m
mineralised strike confirmed
2.1%
LiO₂ spodumene confirmed
5.7%
of corridor drilled
Explore the Project → View Drill Targets
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Key Highlights

Four Open Bonanza Holes.
Three Undrilled IP Anomalies.

Open · T2
⚡
88.95 g/t Au
DDH03 — Fox Lake
Glassy quartz with heavy arsenopyrite, visible gold and galena at 28–30 ft. Hole caved at 42 ft in 1959. Never re-drilled. Open on all sides.
Open · Campaign Peak
🏆
148.0 g/t Au
DDH07 — Fox Lake
Graphitic shear zone; visible gold in 8 intervals; galena + sphalerite + pyrrhotite. Confirmed 6.22 g/t below Mackenzie diabase sill at 73 m. Open at depth.
Open · T5
🎯
64.69 g/t Au
Zena G1 — Zena Prospect
Brecciated aplite with quartz veinlets and visible gold at 101 ft. Zyena granite margin intersected at 26 ft — only direct subsurface confirmation of causative granite.
Undrilled · T3
📡
45 msec
L3 IP Anomaly — Gap Corridor
Strongest chargeability in the entire 2016 IP survey. Stronger than the anomaly over confirmed 148 g/t DDH07. Sits 200 m north of the Fox cluster. Never drilled.
Open · T6
⛏
26.13 g/t Au
Zena G4B — Zena Prospect
Grade vector building from 0.62 → 1.87 → 26.13 g/t over 13 ft. Galena + sphalerite + visible gold. D2 augen shear at 49.7 ft. Open at 317 ft depth.
New Discovery
🔬
6,160 ppm W
Scheelite Discovery — X961861
Boulder with W=6,160 ppm + Ca=11.05% and low As — diagnostic scheelite (CaWO₄) signature. W-Au gossan at 143 m from Fox DDH07. Never previously reported.
Fox Lake – Zena Property

280 km Northeast
of Yellowknife

The property occupies the southern Slave Craton, Camsell Terrane — the same geological belt that hosts the Giant and Con mines (>14 Moz Au combined production) 280 km to the southwest. The same structural architecture. The same host rocks. Never systematically drilled below 75 m.

Property area19,226 ha
Tenure17 mineral claims + 1 mining lease (NT-5876, expires 2044)
Ownership100% BNTGold Resources Ltd.
Geological ageNeoarchean — ca. 2603 Ma (D2 peak)
Host rocksBurwash metaturbidites, lower amphibolite facies
Causative graniteZyena two-mica S-type LCT granite stock
Shear zoneN65°W strike / ~80°SW dip / L2 plunge 20–30°E
Drilled strike300 m drilled / 5.3 km total felsite corridor
Max drill depth75 m TVD — system open below on all lines
AccessTCWR winter road (Jan–Apr) + floatplane/helicopter
Au Gold Li Lithium W Tungsten Ta Tantalum Cs Caesium
Zyena granite 148 g/t DDH07 89 g/t DDH03 L3 45ms UNDRILLED 65 g/t G1 26 g/t G4B ZENA FOX →gap 940m N ~300m Bonanza intercept Undrilled IP target Aplite swarm FOX LAKE – ZENA PROPERTY Schematic geology · NTS 075N/11–14
1959 Drilling Campaign

19 Holes.
15 with Visible Gold.

14 Fox holes + 5 Zena holes. 21 intercepts above 1 g/t Au. Four open bonanza holes that have never been depth-tested below 75 m.

⚠ All grades recalculated from original oz/short ton at ×34.286 (SI conversion). Drillers' field logs used ×31.1 — introducing 10.2% systematic understatement. Historical results are not NI 43-101 compliant. Verify original laboratory certificates before any resource calculation.
21
intercepts >1 g/t Au
4
open high-grade holes
HoleLocationDepth (ft)Au (g/t)Open?Key observation
DDH07860N/172E241148.0✓ OpenGraphitic shear 60.5 m; VG 8 intervals; Gal+Sph+Po; 6.2 g/t below diabase
DDH03854N/97E28–3088.95✓ OPEN T2Caved at 42 ft — highest priority re-drill on property
DDH09834N/154E23917.50✓ OpenBelow diabase sill; same collar as DDH03
DDH05859N/177E58–5924.57✓ OpenTourmaline pegmatite vein; LCT + bonanza at contact
DDH08870N/164E376.87✓ Open T1L-tectonite shear 32–75 m; open below diabase
DDH13848N/213E200+28516.17✓ OpenTwo bonanzas in aplite; 5 peg pulses; syn-D2 veins
DDH11722N/172E17–188.09✓ OpenShallowest bonanza; caved at 81 ft
DDH141369N/148E219.33✓ Open204.4 ft aplite UNASSAYED (69–208 ft)
DDH151506N/225E29–307.46✓ OpenVG+Ccp; graphic pegmatite; sphalerite 277–300 ft
DDH12722N/172E1912.50✓ OpenLAZULITE + TOURMALINE pegmatite — highest LCT confidence
DDH021076N/37E13–153.73✓ OpenGalena; granite below 291 ft; L2 lineation 167–202 ft
DDH10780N/135E—Trace—Galena in 6 consecutive aplite intervals; deep schist UNASSAYED
DDH06818N/206E—Trace—Tourmaline pegmatite; defines E limit 206E
ZENA PROSPECT — North Goldcrest Mines Ltd. (1959) — 809 m north of Fox
G14260N/95E10164.69✓ OPEN T5Brecciated aplite; Zyena granite at 26 ft; actinolite 218 ft
G4B4310N/124E15126.13✓ OPEN T6Grade vector building; Gal+Sph+VG; augen D2 shear
G54360N/125E1562.49✓ Open40–50% arsenopyrite at 244.5 ft — campaign maximum; pervasive silicification
G24210N/124E1693.73✓ OpenActinolite 188 ft; epidote 188–256 ft; galena in veins
G34160N/126E—Trace—All trace — two diabase sills as fluid barriers (175.5 ft + 271 ft)
2016 IP Chargeability Survey

Strongest Anomaly
Never Drilled.

12-line dipole-dipole array over the Fox–Zena corridor. Surface at 410 m ASL. Max investigation depth 70 m. Three anomalies above 30 msec — two entirely undrilled.

L3★
Strongest in survey · 65 m depth · undrilled · pipe apex
45 ms undrilled
L5★
2nd strongest · 30 m depth · gap corridor · undrilled
43 ms undrilled
L0
Fox bonanza zone · images DDH07 graphitic shear
37 ms drilled
L1
Fox depth extension · open at 70 m max depth
37 ms drilled
L4
Gap corridor · anomaly migrating W (pipe model)
34 ms undrilled
L8
T7 confirmed · 40 m depth · gap resurgence
32 ms T7 target
L2
Two bodies: primary shear + secondary aplite
31 ms partial
L9
T7 continuation · 20 m depth
28 ms T7 target
L11
Zena zone · TWO symmetric bodies · dual vein systems
19 ms Zena
The TAG / Pipe Model

The ascending Stage III metamorphic fluid is deflected around the Zyena granite rather than flowing up a simple linear shear zone. IP anomaly centroids migrate ~75 m westward from L0 to L7 — recording curved pipe geometry, not a straight conduit.

Three IP maxima (L3, L5, L8) define three ore-shoot culminations at pipe bends and apices. World analogue: Muruntau, Uzbekistan (>3,000 t Au) — gold deposited above a buried granite confirmed at 3–4 km depth.

Why L3 Matters

The L3 anomaly (45 msec) is stronger than the anomaly over confirmed 148 g/t DDH07. It sits 200 m north of any drillhole. In the pipe model it represents the apex of the fluid pipe above the Zyena granite roof — the predicted highest-concentration zone of the entire system.

Deeper IP slices (300–360 m ASL) have been requested from Aurora Geosciences to image the DDH07 graphitic shear zone (148 g/t, 337 m ASL) which sits 23 m below the current 360 m ASL deepest available slice.

2016–2024 Geochemistry

Three Commodity Systems.
One Causative Granite.

546 rock samples, 150 till samples, four analytical methods. The same Zyena granite that focuses the orogenic gold system also generates the LCT lithium pegmatites and the W-Sn scheelite aureole.

Rock geochemistry
Gold Gossan Anomaly
4.92 ppm
Highest surface Au in dataset. Sample V408520 (phyllite gossan, 219 m from Fox DDH07) — limonite + silicification confirms bedrock source direct.
  • V408520: Au=4.92 ppm, As>10,000, W=290 ppm
  • V408510: Au=1.45 ppm, W=1,690 ppm — W-Au gossan 143 m from DDH07
  • Till TN017: Au=2.08 ppb HMC, As=2,760 ppm — confirmed all 4 methods
  • Au–As Pearson r=0.882 (n=107) — single bedrock source
LCT pegmatite system
Spodumene Confirmed
2.1% LiO₂
Sweet Pegmatite grab sample F006854 (2024, ALS ME-MS89L). Spodumene crystals to 80–100 mm. REE pattern identical to Fox felsite — same magmatic system.
  • Felsite Cs: 22.9–54.2 ppm; Cs/Rb=0.35–0.90 (LCT hallmark)
  • Felsite Y: 0.9 ppm (20–40× depleted) — deep garnet fractionation
  • DDH12: Lazulite + tourmaline pegmatite — highest LCT confidence in 19 holes
  • System extent: 6.6 km (Fox to Sweet Pegmatite)
New discovery · 2026
Scheelite W-Sn Aureole
6,160 ppm W
Boulder X961861 — W=6,160 ppm with Ca=11.05% and low As=4.9 ppm. Diagnostic scheelite (CaWO₄) signature, not arsenopyrite-W. Never previously reported on this property.
  • W–Au, W–Mo, W–Bi correlations all r<0.04 — independent system
  • V408510: W=1,690 ppm + Au=1.45 ppm at 143 m from Fox DDH07
  • 102 samples >1.5 ppm W (anomaly threshold); 23 samples >50 ppm
  • Zyena granite Sn=2–6 ppm — confirms W-Sn contact metasomatic source
Till geochemistry
Four-Method Confirmation
2.08 ppb Au
Sample TN017/BHN017 at 64 m from Fox DDH07 returns Au=2.08 ppb HMC, As=2,760 ppm, Cs=91.5 ppm, Li=219 ppm — confirmed independently across all four analytical fractions.
  • Au–As r=0.882 across 107 HMC samples — single bedrock source
  • Cs=91.5 ppm + Li=219 ppm co-located with Au — LCT + Au co-anomaly
  • BHN016 Pb=196.5 ppm Ah (60× median) — galena erosion from shear
  • Till survey gap: no coverage north of 7,079,100N (Zena unsampled)
Possible telluride
High-Temperature Indicators
61.8 ppm Te
Sample S341619 HMC: Te=61.8 ppm (880× median) + Bi=120.5 ppm. Te-Bi-Ag-Au combination is the geochemical fingerprint of telluride mineralisation — previously undocumented at Fox-Zena.
  • DDH15: VG+chalcopyrite bonanza (unique in campaign) — highest-T indicator
  • DDH15: sphalerite 277–300 ft aplite — Zn-Pb-Au elevated temperature
  • SEM-EDS recommended on S341619 HMC to identify telluride minerals
  • Bi=120.5 ppm + Te=61.8 ppm requires follow-up assay above detection
Felsite whole-rock
LCT Parent Magma
Y = 0.9 ppm
ALS YW16113039. Extreme HREE depletion (Y, Zr, Ce, Dy all 10–50× below typical S-type Slave granite). Unlike any known Slave Province granite (Stubley, 2016). Deep garnet fractionation at ~30 km depth.
  • Cs/Rb = 0.35–0.90 vs 0.01–0.10 for normal S-type granites
  • Sn = 2–6 ppm elevated — Sn+W enrichment = LCT-W-Sn system
  • Au = 11–15 ppb background — felsite is NOT the gold source
  • Confirms mid-crustal LCT melt — same as Sweet Pegmatite REE pattern
Critical Minerals Portfolio

One Property.
Five Critical Minerals.

All from the same 2603 Ma Zyena S-type granite — the gold focuser, the LCT pegmatite parent, and the W-Sn skarn source. A rare multi-commodity convergence in a politically stable Canadian jurisdiction.

Au
Gold
Orogenic gold in D2 shear corridor. 21 intercepts >1 g/t across 15/19 holes. Peak 148.0 g/t. 1,109 m demonstrated mineralised strike. TAG/pipe model predicts three ore-shoot culminations in the undrilled gap.
Best evidence
148 g/t DDH07 · 88.95 g/t DDH03 (open)
Li
Lithium
LCT pegmatite system — spodumene confirmed at Sweet Pegmatite (2024), lazulite in DDH12, tourmaline+perthitic feldspar in DDH05. Felsite Cs/Rb=0.90. Property-scale system over 6.6 km.
Best evidence
LiO₂ 2.1% grab · crystals to 100 mm
W
Tungsten
Scheelite (CaWO₄) in contact metasomatic aureole of Zyena granite. W=6,160 ppm boulder with Ca=11% + low As. W-Au gossan at 143 m from Fox DDH07. W-Sn system confirmed by elevated Sn in felsite.
Best evidence
W=6,160 ppm + Ca=11% scheelite
Ta
Tantalum · Caesium
Ta=14–19 ppb surface anomaly (X961791, X961982). Positive Ta/Nb in felsite (0.077–0.091 vs <0.05 normal). Cs=91.5 ppm in HMC till co-located with gold anomaly. Both are critical minerals for electronics and space applications.
Best evidence
Felsite Cs=54 ppm · Ta/Nb=0.09
World-Class Analogues

Ptarmigan Architecture.
Muruntau Scale Potential.

Direct structural analogue · Slave Province
Ptarmigan Mine, Yellowknife
~250,000 oz Au at 9.86 g/t. Hosted in Burwash metaturbidites at the contact with the Prosperous Granite-related felsite-aplite swarm. Identical ore assemblage (Aspy+Po+Py+Gal+VG), identical structural setting (D2 shear + F2 fold), identical metamorphic grade (lower amphibolite). Produced from 200 m drilled strike and 300 m down-dip extent.
200 m
Ptarmigan drilled strike
5.5×
Fox–Zena vs Ptarmigan
9.86 g/t
Ptarmigan avg grade
~250k oz
Ptarmigan production
TAG/Pipe model analogue · Uzbekistan
Muruntau Gold Deposit
World's largest gold deposit outside the Witwatersrand (>3,000 t Au at >2 g/t). Formed above a buried granite confirmed at 3–4 km depth in borehole SG-10. Gold concentrated at the predicted apex of the pipe above the granite roof. Greenschist facies host — Fox Lake's amphibolite-facies system provides a larger metamorphic fluid budget, potentially enabling higher grade per unit strike length.
>3,000 t
Muruntau total Au
3–4 km
Granite depth (SG-10)
Greenschist
Host metamorphic grade
Amphibolite
Fox Lake grade (higher)
Exploration Targets

10 Ranked Targets.
6 Priority 1.

Priority 1 programme budget: ~USD $620–755k. Total programme: ~USD $1.1–1.3M. Winter road access (TCWR) reduces drilling costs 40% vs helicopter-only operations.

T2
DDH03 replacement hole
88.95 g/t open, caved at 42 ft in 1959. PQ wire-line to 300 ft min. Highest Au/cost ratio target on property.
$80–100k
Priority 1
T3
L3 IP anomaly — pipe apex
45 msec at 65 m depth, 7,078,400N. Strongest IP anomaly in 2016 survey. 200 m north of Fox cluster. Completely undrilled. Predicted pipe apex.
$105–130k
Priority 1
T4
L5 IP anomaly — gap corridor
43 msec at 30 m depth, 7,078,600N. Second undrilled IP high. Shallow — 120 m hole tests the target. Never identified in Aurora preliminary interpretation.
$65–85k
Priority 1
T5
Zena G1A step-out
64.69 g/t open at 370 ft. Zyena granite at 26 ft — only granite intersection in 19 holes. 50°/N55W to 450 ft. Actinolite alteration confirms granite-contact fluid.
$115–140k
Priority 1
T6
Zena G4C step-out
26.13 g/t open at 317 ft. Grade vector 0.62→1.87→26.13→24.88 g/t. Sphalerite in bonanza. 50°/317° to 500 ft. L11 IP shows two Zena bodies — this tests the eastern one.
$125–150k
Priority 1
T1
DDH08 depth extension
L-tectonite shear zone 32–75 m — the definitive structural indicator. Open below diabase sill. DDH07 model predicts bonanza below sill. 250 m to 40°/308°.
$125–150k
Priority 1
T7
IP L8/L9 gap target
32 msec at 572,425E/7,078,890N. Third confirmed IP high in gap corridor. Anomaly shallowing northward — antiformal F2 fold closure predicted. 200 m to 40°/275°.
$105–130k
Priority 2
T8
Fox gap fence drilling
Two holes at ~920N and ~1,000N — testing the two undrilled windows in Fox strike (206 ft and 293 ft). Shear zone continuity confirmed by IP across the full 1,000 m grid.
$160–200k
Priority 2
T9
DDH14 aplite depth
204.4 ft aplite with only 12 sub-intervals assayed. 140 ft between 69–208 ft completely unassayed — longest aplite body in campaign. LCT + Au combined target. 250 m depth.
$125–150k
Priority 2
T10
Scheelite / W-Sn target
W=6,160 ppm scheelite boulder at 2.3 km SW; W=1,690 ppm+Au=1.45 gossan at 143 m from DDH07. SWUV of existing drillcore first — if positive, 150 m drill hole at 45°/090°.
$80–100k
Priority 2
Latest News & Updates

Progress and Milestones

Exploration UpdateMay 2026
Comprehensive Property Assessment Completed
BNTGold completes first comprehensive integration of all available datasets — 19 drillholes, 12-line IP survey, 546 rock samples and 150 till samples. New discoveries: undrilled L3 IP anomaly (45 msec), tungsten scheelite (W=6,160 ppm), and property-scale LCT lithium system confirmed.
Lithium DiscoveryAugust 2024
Spodumene Confirmed at Sweet Pegmatite — LiO₂ up to 2.1%
Aurora Geosciences' 2024 prospecting programme confirms spodumene mineralisation at the Sweet Pegmatite (claim FL16). Grab samples return Li up to 9,900 ppm (LiO₂ 2.1%) with crystals to 80–100 mm. REE pattern identical to Fox felsite — same magmatic system at property scale.
GeophysicsDecember 2021
Towed CCR Survey Delineates New Structural Targets
A towed capacitively coupled resistivity (CCR) survey successfully delineated several linear resistivity lows not identified in previous VLF-EM and magnetic surveys, interpreted as faults and shear zones. Multiple Group 3 conductors associated with mineralised quartz veins identified as structural targets.
IP SurveyJuly 2016
12-Line Dipole-Dipole IP Survey Completed by Aurora Geosciences
Aurora Geosciences completes 4.8 line-km IP survey over the Fox–Zena corridor. 3D chargeability inversion identifies coherent sulphide anomaly traceable over 1,000 m along strike, with three anomalies exceeding 30 msec. Full re-interpretation in 2026 reveals two undrilled IP maxima and pipe-model geometry.
GeochemistryAugust 2016
Multi-Method Geochemical Programme Confirms Fox Anomaly
Bedrock mapping by Stubley Geoscience, IP survey, and geochemical sampling including Ah horizon soil, surface till, and HMC fire assay conducted by Aurora Geosciences. Till sample TN017 (64 m from DDH07) returns Au=2.08 ppb confirmed across all four analytical methods.
ProspectingAugust 2017
2017 Soil Sampling Identifies Three Gold-in-Soil Anomalies
854 soil samples collected by Aurora Geosciences over the Fox Lake and Zena showings. Three significant Au-in-soil anomalies and two significant As-in-soil anomalies identified. Prospecting returned grades up to 12.25 g/t Au, 6.31 g/t Au, and 4.62 g/t Au from rock samples.

Important Notices: Historical drilling results cited from the 1959 Byrne & McConnell and Byrne assessment reports are not NI 43-101 compliant and cannot be relied upon to establish mineral resources or mineral reserves. All gold grades have been recalculated from original oz/short ton at ×34.286 (SI); drillers' field logs used ×31.1, understating all grades by 10.2%. Original laboratory certificates must be verified before any resource calculation. This website is for informational purposes only and does not constitute an offer or solicitation to buy or sell securities. Forward-looking statements involve risks and uncertainties. BNTGold Resources Ltd. does not guarantee the accuracy of forward-looking information.