The Northern Miner Podcast

This week we explore Canada following Lesley's country-wide review of geological camps. We dig into emerging exploration techniques and jursidictions, while Lesley talks about some of the insights she's picked up along the way, and what emerging Canadian geological stories have caught her interest. We discuss Barkerville Gold Mines' (TSXV: BGM) exploration efforts in British Columbia, Osisko Mining’s (TSX: OSK) aggressive drilling at its Windfall Lake project 200 km northeast of Val-d'Or, Quebec, and discovery upside in the Yukon, Northwest Territories, and Nunavut. Meanwhile, Matt sits down with Trevali Mining (TSX: TV) president and CEO, Dr. Mark Cruise, to chat about the company's transformational, $400-million deal with super major Glencore (LON: GLEN). We cover the growing partnership between the two companies, Cruise's thoughts on operating in Africa, and the state of zinc markets. Timeline: Show summary: 0:30 Macro economic roundup: 2:50 Geology Corner - Canadian roundup edition: 5:37 Trevali CEO Dr. Mark Cruise on Glencore deal: 27:45 Update on TNM's Canadian Mining Symposium on May 9: 35:25 Articles referenced: Trevali CEO discusses Glencore deal, zinc markets: http://www.northernminer.com/news/trevali-ceo-discusses-glencore-deal-zinc-markets/1003784876/ Osisko takes stake in Barkerville: http://www.northernminer.com/news/osisko-mining-takes-stake-barkerville/1003776375/ When the east pushed back: The geology and metal districts of BC and Yukon: http://www.northernminer.com/news/east-pushed-back-geology-metal-districts-western-canada/1003782382/ The geology behind Quebec’s world-class metal districts: http://www.northernminer.com/news/geology-behind-quebecs-world-class-metal-districts/1003777813/ PDAC 2017: Copper, zinc looking good for 2017: http://www.northernminer.com/commodities-markets/pdac-2017-copper-zinc-looking-good-2017/1003784440/ Robert Friedland, Lukas Lundin to be featured speakers at TNM’s Canadian Mining Symposium in London: www.northernminer.com/stock-markets-…on/1003784168/ Osisko calls Windfall a ‘company maker’: http://www.northernminer.com/people-in-mining/osisko-mining-says-windfall-project-quebec-will-company-maker/1003777728/ Music Credit: Energy Recorded by Bensound (www.bensound.com/royalty-free-music/track/energy) Licensed under Creative Commons: By Attribution-NoDerivs 3.0 Unported creativecommons.org/licenses/by-nd/3.0 Music Credit: Beach Bum Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

Happy one-year anniversary to the Northern Miner podcast! Matt and Lesley sit down for episode #52 with a special guest for the Geology Corner. We're joined by Craig Hart, director of the University of British Columbia's (UBC) Mineral Deposit Research Unit (MDRU), to talk about the new 2-year, industry and government-funded Yukon-Alaska Metallogeny project. The project responds to the needs of gold and copper exploration companies in the Yukon-Alaska Cordillera, a region widely recognized for its mineral potential, but where geoscientific data is either absent, of poor or outdated quality, or requiring synthesis and interpretation. We dig into Goldcorp's (TSX: G; NYSE: GG) Coffee gold deposit and the White Gold district, as well as transitioning geological knowledge from the Yukon to Alaska. Meanwhile, Matt sits down with the CEO of Leagold Mining (TSXV: LMC; US-OTC: HTXFD), Neil Woodyer, to talk about the company's pending deal with Goldcorp for the Los Filos mine in Mexico! Bonus: An update on the Northern Miner's Canadian Mining Symposium event in London, England, on May 9th! Timeline: Show summary: 0:30 Macro economic roundup: 4:08 Geology Corner ft. Craig Hart of UBC's MDRU: 6:25 Neil Woodyer of Leagold Mining: 22:03 Update on TNM's Canadian Mining Symposium on May 9: 27:13 Articles referenced: Robert Friedland, Lukas Lundin to be featured speakers at TNM’s Canadian Mining Symposium in London: www.northernminer.com/stock-markets-…on/1003784168/ Leagold management talks strategy at Los Filos: http://www.northernminer.com/news/leagold-management-talks-strategy-los-filos/1003784456/ TNM Video: Interview with Goldcorp executive VP Brent Bergeron at Coffee: http://www.northernminer.com/news/tnm-video-interview-goldcorp-executive-vice-president-brent-bergeron/1003778137/ Site visit: Goldcorp VP Bergeron talks future of Coffee project: http://www.northernminer.com/news/goldcorp-vp-bergeron-talks-plans-coffee-project/1003775741/ Goldcorp drops $35M into Auryn: www.northernminer.com/news/goldcorp-…es/1003782347/ Exclusive interview: Lukas Lundin on the state of the mining industry: www.northernminer.com/news/exclusive…ry/1003783932/ Music Credit: Energy Recorded by Bensound (www.bensound.com/royalty-free-music/track/energy) Licensed under Creative Commons: By Attribution-NoDerivs 3.0 Unported creativecommons.org/licenses/by-nd/3.0 Music Credit: Beach Bum Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

Matt and Lesley sit down over coffee to discuss the geology of the Northwest Territories and Nunavut! We dig into northern exploration plays, including: Nighthawk Gold’s (TSXV: NHK; US-OTC: MIMZF) Colomac deposit; Auryn Resources' (TSXV: AUG) Committee Bay project; Peregrine Diamonds (TSX: PGD) Chidliak project on Baffin Island; Agnico Eagle Mines' (TSX: AEM; NYSE: AEM) recent Amaruq discovery near its Meadowbank gold mine; and Sabina Gold and Silver’s (TSX: SBB; US-OTC: SGSVF) Back River gold property. Lesley explains what she's uncovered during her foray into northern Canadian geology, and breaks down the science behind greenstone gold belts and kimerlite pipes. Meanwhile, Matt rounds up some global issues, including the impending U.S. interest rate hike, China's economic health, and ongoing labour disputes at major copper operations! Bonus: Major announcements surrounding the Northern Miner's Canadian Mining Symposium event in London, England, on May 9th! Timeline: Macro economic and show round-up: 0:30 Geology Corner - N.W.T. and Nunavut edition: 7:49 Info on the TNM Canadian Mining Symposium: 29:15 Articles referenced: Robert Friedland, Lukas Lundin to be featured speakers at TNM’s Canadian Mining Symposium in London: www.northernminer.com/stock-markets-…on/1003784168/ Agnico Eagle adds gold ounces at Amaruq: http://www.northernminer.com/news/agnico-boosts-amaruq-gold-resources-eyes-2019-production/1003777580/ Kinross investment in Nighthawk Gold points to Colomac’s potential: http://www.northernminer.com/news/kinross-investment-nighthawk-points-colomacs-potential/1003782537/ Sabina suffers permit setback at Back River: http://www.northernminer.com/news/sabina-suffers-surprising-permit-setback-back-river/1003774290/ Goldcorp drops $35M into Auryn: http://www.northernminer.com/news/goldcorp-makes-strategic-investment-auryn-resources/1003782347/ Peregrine Diamonds on cusp of PEA: http://www.northernminer.com/news/peregrine-diamonds-on-cusp-of-chidliak-pea/1003772225/ Exclusive interview: Lukas Lundin on the state of the mining industry: www.northernminer.com/news/exclusive…ry/1003783932/ Music Credit: Energy Recorded by Bensound (www.bensound.com/royalty-free-music/track/energy) Licensed under Creative Commons: By Attribution-NoDerivs 3.0 Unported creativecommons.org/licenses/by-nd/3.0 Music Credit: Beach Bum Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

Happy #PDAC2017 week! Matt and Lesley are back with a great edition of the Geology Corner wherein we discuss some outlandish mining deals from cycles past, including: finding gold in the Ottawa River, sifting through sewage, and interstellar adventures! Discussion also includes advice for navigating the PDAC conference, and recent moves in copper and gold that appear to be underpinned by socio-economic announcements out of the U.S. and China. Meanwhile, Matt sits down with Otis Gold (TSXV: OOO; US-OTC: OGLDF) president Craig Lindsay to chat about the Kilgore gold deposit in Idaho, where the company is looking at releasing a maiden preliminary economic assessment (PEA) on a proposed heap-leach operation in the next twelve months. We talk about recent drill success and the discovery of the Aspen corridor, as well as a subsequent $5-million strategic investment from Agnico Eagle Mines (TSX: AEM; NYSE: AEM). Matt also details the exciting announcement of The Northern Miner's Canadian Mining Symposium in London on May 9, 2017. The Symposium will take place at Canada House on Trafalgar Square in the lead up to Canada celebrating its 150th anniversary of Confederation. Speakers include Robert Friedland and Lukas Lundin. More details: http://www.northernminer.com/stock-markets-investing/robert-freidland-lukas-lundin-featured-speakers-tnms-canadian-mining-symposium-london/1003784168/ Timeline: PDAC orientation (visit The Northern Miner at Booth #3318): 0:10 Macro economic and show round-up: 3:14 Geology Corner - Absurd mining deals edition: 5:38 President Craig Lindsay of Otis Gold: 25:06 Info on the TNM Canadian Mining Symposium: 30:37 Articles referenced: Robert Friedland, Lukas Lundin to be featured speakers at TNM’s Canadian Mining Symposium in London: http://www.northernminer.com/stock-markets-investing/robert-freidland-lukas-lundin-featured-speakers-tnms-canadian-mining-symposium-london/1003784168/ Otis Gold president on discovery at Kilgore, Agnico investment: http://www.northernminer.com/news/otis-gold-president-talks-discovery-kilgore-agnico-investment/1003784196/ Space mining ready for lift off: http://www.northernminer.com/news/space-mining-ready-for-lift-off/1003768636/ PDAC’s Glenn Mullan looks back on four decades in the business: www.northernminer.com/news/pdacs-gle…ss/1003783804/ Exclusive interview: Lukas Lundin on the state of the mining industry: http://www.northernminer.com/news/exclusive-interview-lukas-lundin-talks-state-mining-industry/1003783932/ Music Credit: Energy Recorded by Bensound (www.bensound.com/royalty-free-music/track/energy) Licensed under Creative Commons: By Attribution-NoDerivs 3.0 Unported creativecommons.org/licenses/by-nd/3.0 Music Credit: Beach Bum Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

Matt and Lesley follow-up on their conversation about 43-101 technical economic reports with a Geology Corner on prospecting, early-stage exploration, and target generation! The discussion includes how to interpret press releases and data from exploration-stage companies and what Lesley looks for in terms of best practices when it comes to identifying drill targets. We dig into basic geochemistry and geophysics, and have a chat about new seismic technologies. Lesley explains why she likes the exploration model behind SolGold’s (LON-AIM: SOLG; US-OTC: SLGGF) discoveries in Ecuador. Meanwhile, Matt runs a brief clip from a long-form interview he recently had with Lukas Lundin! Timeline: Macro economic and show round-up: 0:54 Geology Corner - Target generation edition: 6:53 Lukas Lundin preview clip: 28:45 Articles referenced: Exclusive interview: Lukas Lundin on the state of the mining industry: http://www.northernminer.com/news/exclusive-interview-lukas-lundin-talks-state-mining-industry/1003783932/ Roundup 2017: SolGold adds weight to Cascabel in Ecuador: http://www.northernminer.com/news/roundup-2017-solgold-adds-weight-cascabel-ecuador/1003783791/ Interview: Northern Dynasty CEO Thiessen responds to short seller’s report on Pebble: http://www.northernminer.com/news/interview-northern-dynasty-ceo-thiessen-responds-short-sellers-report-pebble/1003783820/ PDAC’s Glenn Mullan looks back on four decades in the business: http://www.northernminer.com/news/pdacs-glenn-mullan-looks-back-four-decades-business/1003783804/ Music Credit: Energy Recorded by Bensound (www.bensound.com/royalty-free-music/track/energy) Licensed under Creative Commons: By Attribution-NoDerivs 3.0 Unported creativecommons.org/licenses/by-nd/3.0 Music Credit: Beach Bum Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

Matt and Lesley are back with another Geology Corner for investors! This week we discuss 43-101 economic and resource reports with a focus on certain factors you can look for when determining disclosure quality and mine design. Lesley digs into metal equivalency reporting, metallurgy, and deposit types. Meanwhile, Matt sits down with president and CEO of newly-public Adventus Zinc (TSXV: ADZN), Christian Kargl-Simard, to chat about the company's investment thesis and the state of zinc markets. Bonus: We briefly re-visit the recent trading and short-selling report on Northern Dynasty Minerals (TSX: NDM; NYSE-MKT: NAK) and its controversial Pebble project in Alaska. Timeline: Macro economic and show round-up: 0:25 Geology Corner - 43-101 Edition: 5:45 Adventus Zinc CEO Kargl-Simard: 21:30 Articles referenced: Adventus CEO on building a ‘premier zinc acquisition vehicle’: http://www.northernminer.com/news/adventus-ceo-building-premier-zinc-acquisition-vehicle/1003783728/ CEO Interview: Can Rubicon’s troubled Phoenix mine rise from the ashes?: http://www.northernminer.com/news/can-rubicons-phoenix-rise/1003783560/ Editorial: Copper prices near two-year highs: http://www.northernminer.com/commodities-markets/editorial-copper-prices-near-two-year-highs/1003783459/ Diamonds add sparkle to NWT’s economy: http://www.northernminer.com/news/diamonds-add-sparkle-%E2%80%A8to-nwts-economy/1003783521/ Music Credit: Energy Recorded by Bensound (www.bensound.com/royalty-free-music/track/energy) Licensed under Creative Commons: By Attribution-NoDerivs 3.0 Unported creativecommons.org/licenses/by-nd/3.0 Music Credit: Beach Bum Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

Matt and Lesley are on-location in downtown Vancouver for a broad-ranging interview with the Mercenary Geologist, Mickey Fulp. Matt digs into recent copper-supply issues related to labour disputes at BHP Billiton's (NYSE: BHP; LON: BLT) Escondida mega mine in the Atacama Desert in the Antofagasta Region of Chile. Mickey discusses improving copper prices and his investment thesis for the red metal moving forward. We get into potential development-stage copper assets, including Northern Dynasty Minerals' (TSX: NDM; NYSE-MKT: NAK) large-scale Pebble asset in Alaska. Meanwhile, the Geology Corner focuses in on recent exploration news out of Finland and its potential as an emerging gold camp. Lesley and Mickey talk Aurion Resources (TSXV: AU; US-OTC: AIRRF) and Mawson Resources (TSX: MAW; US-OTC: MWSND). Bonus: Mickey recounts his experience almost falling in the mire during a site visit to Finland. Timeline: Matt and Mickey talk copper-supply concerns: 1:20 Copper exploration and development: 7:50 Geology Corner ft. Finland: 14:42 Mickey on Aurion Resources & Mawson Resources: 19:45 Articles referenced: Editorial: Welcome back, copper: http://www.northernminer.com/commodities-markets/editorial-welcome-back-copper/1003781036/ ICSG: Copper surplus coming in 2017: http://www.northernminer.com/commodities-markets/icsg-copper-surplus-coming-2017/1003780531/ Northern Dynasty’s Pebble on ‘cusp of resolution’: http://www.northernminer.com/court-cases/northern-dynastys-pebble-on-cusp-of-resolution/1003762425/ Uranium snapshot: six juniors of interest: http://www.northernminer.com/news/uranium-junior-snapshot/1003782915/ Editorial: Resource regulators under Trump: http://www.northernminer.com/regulatory-issues/editorial-resource-regulators-trump/1003782911/ TNM Data Miner: Top-five global copper hits in December: http://www.northernminer.com/news/tnm-exclusive-top-5-copper-intercepts-worldwide-december/1003782264/ Cordoba CEO discusses next steps at San Matias, JV with Friedland’s HPX: http://www.northernminer.com/news/cordoba-ceo-discusses-next-steps-san-matias/1003782499/ Music Credit: Energy Recorded by Bensound (www.bensound.com/royalty-free-music/track/energy) Licensed under Creative Commons: By Attribution-NoDerivs 3.0 Unported creativecommons.org/licenses/by-nd/3.0

This week we're talking zinc! Lesley's Geology Corner digs into the three major types of zinc deposits, namely: Mississippi Valley, sedimentary exhalative deposits (SedEx deposits), and carbonate replacement. We discuss some of the major zinc producing regions in Canada, and globally, as well as what each mineralization type can mean for explorers and miners. Meanwhile, Matt digs into some base metal fundamentals and takes a look at China's impact on ferrous metals. We talk Glencore (LON: GLEN) latent zinc supply, iron ore, and metallurgical coal. And let's not forget lead! Bonus: We outline which base metals producers have exposure to zinc. Timeline: Show summary and macro economic report: 0:25 Geology Corner - Zinc edition: 4:29 Matt on zinc-lead fundamentals: 18:52 Articles referenced: The Northern Miner podcast – episode 41: Interstellar gold and Arizona Mining ft. Joe Mazumdar: http://www.northernminer.com/news/northern-miner-podcast-episode-41-interstellar-gold-arizona-mining-ft-joe-mazumdar/1003781851/ Arizona Mining confirms size potential at Taylor: http://www.northernminer.com/news/arizona-mining-confirms-size-potential-taylor/1003777643/ Darnley Bay buys NWT zinc deposits, updates BC resource: http://www.northernminer.com/news/darnley-bay-acquires-zinc-deposits-nwt-updates-resource-b-c/1003780373/ Trevali nears commercial production at Caribou: http://www.northernminer.com/news/banking-on-zinc-trevali-nears-commercial-production-at-caribou/1003771742/ TNM Data Miner: The five highest grade zinc projects in the world: http://www.northernminer.com/news/tnm-exclusive-canada-home-two-highest-grade-zinc-projects/1003782824/ Lead and zinc demand set to rise strongly in 2016, says ILZSG: http://www.northernminer.com/commodities-markets/facts-n-figures-lead-and-zinc-demand-set-to-rise-strongly-in-2016-says-ilzsg/1003772800/ Music Credit: Energy Recorded by Bensound (www.bensound.com/royalty-free-music/track/energy) Licensed under Creative Commons: By Attribution-NoDerivs 3.0 Unported creativecommons.org/licenses/by-nd/3.0 Music Credit: Beach Bum Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

This week we head to the floor of AME BC's Roundup 2017 conference in Vancouver, B.C., for exclusive Northern Miner coverage. Lesley's geology corner heads to the Core Shack for a discussion with Nighthawk Gold (TSXV: NHK; US-OTC: MIMZF) president and CEO, Dr. Michael J. Byron, about exploration strategies at the Colomac gold property within the the Indin Lake Greenstone Belt roughly 222 km north of Yellowknife in the Northwest Territories. Meanwhile, Matt sits down with the newly-elected Deputy Premier of the Yukon, Ranj Pillai, to talk Liberal strategy in terms of the natural resource sector. Discussion includes the new "one government approach" to Yukon's mining, and federal infrastructure investment. Bonus: Matt touches on New Gold's recent struggles at Rainy River. Timeline: Show summary and macro economic report: 0:25 Geology Corner ft. Nighthawk Gold: 3:10 Yukon Deputy Premier Ranj Pillai: 9:50 New Gold's struggles at Rainy River: 18:00 Articles referenced: Editorial: Silver’s Liberals bring ‘sunny ways’ to the Yukon: http://www.northernminer.com/news/editorial-silvers-liberals-bring-sunny-ways-yukon/1003781191/ TNM Video: Roundup Core Shack tour ft. Marathon Gold & Nighthawk Gold: http://www.northernminer.com/news/tnm-video-roundup-2017-core-shack-tour-ft-marathon-gold-nighthawk-gold/1003782813/ Kinross investment in Nighthawk Gold points to Colomac’s potential: http://www.northernminer.com/news/kinross-investment-nighthawk-points-colomacs-potential/1003782537/ Nighthawk says Colomac a Kalgoorlie lookalike: http://www.northernminer.com/news/nighthawk-gold-says-colomac-deposit-nwt-similar-kalgoorlie/1003778058/ Roundup 2017: Geoscience BC showcases new mag survey: http://www.northernminer.com/news/roundup-2017-geoscience-bc-showcases-new-mag-survey/1003782847/ Commentary: Signs of a good exploration team: http://www.northernminer.com/stock-markets-investing/commentary-signs-good-exploration-team/1003782842/ TNM exclusive: The world’s largest gold reserves in 2016: http://www.northernminer.com/news/tnm-exclusive-largest-global-gold-reserves-2016/1003782830/ TNM exclusive: The five highest grade zinc projects in the world: http://www.northernminer.com/news/tnm-exclusive-canada-home-two-highest-grade-zinc-projects/1003782824/ Music Credit: Energy Recorded by Bensound (www.bensound.com/royalty-free-music/track/energy) Licensed under Creative Commons: By Attribution-NoDerivs 3.0 Unported creativecommons.org/licenses/by-nd/3.0 Music Credit: Beach Bum Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

The Northern Miner sits down with Exploration Insights Brent Cook and Joe Mazumdar at AME BC's Roundup 2017 conference to chat about the state of resource markets, and what investment opportunities might be emerging this year. Brent digs into the "fake news" phenomenon and how it manifests itself in terms of mining companies news releases, drill reporting, and marketing. Meanwhile, Joe discusses cut versus uncut drill results, and how he analyzes results from companies depending on the stage of the project. We also talk the emerging zinc narrative, and how we seem to hear that the metal is ready for a bounce back every year. Brent and Joe drill down into what they'll be looking for in terms of exploration investments in 2017, and the patterns they've seen emerging in terms of major miners and district-scale opportunities. Music Credit: The Curtain Rises Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/