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NI 43-101 Technical Report Dated Aug 4, 2020

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NI 43-101 Technical Report Dated Aug 4, 2020 Property Center: Latitude 55°96.97’ North, Longitude 5°46.36’ West NI 43-101 TECHNICAL REPORT, GEOLOGICAL INTRODUCTION TO KNAPDALE GOLD-SILVER PROJECT, SCOTLAND Prepared for: Cassowary Capital Corporation Ltd. 1600, 421 - 7th Avenue SW Calgary, Alberta T2P 4K9 Prepared by: APEX Geoscience Ltd. 1 100, 11450-160 Street NW Edmonton AB T5M 3Y7 Canada Lakehead Geological Services Inc. 2 746 Alderson Ave, Coquitlam, British Columbia V3K 1T9 Canada D. Roy Eccles, M.Sc., P. Geol. 1 Douglas Turnbull, B.Sc. (Hons), P. Geo. 2 Effective Date: 12 June 2020 Signing Date: 12 June 2020 Edmonton, Alberta, Canada Geological Introduction to the Knapdale Au-Ag Project, Scotland Contents 1 Summary ................................................................................................................... 6 1.1 Issuer and Purpose ............................................................................................ 6 1.2 Authors ............................................................................................................... 6 1.3 Property Location and Description ..................................................................... 7 1.4 Royalties ............................................................................................................. 7 1.5 Permitting ........................................................................................................... 8 1.6 Environmental and Property-Related Uncertainties ............................................ 8 1.7 Regional Geology ............................................................................................... 8 1.8 Mineralisation ..................................................................................................... 9 1.9 Historical Exploration (Not Within the Knapdale Property) ............................... 10 1.10 Historical Exploration (Within the Knapdale Property) ...................................... 10 1.11 Exploration ....................................................................................................... 11 1.12 Metallurgy ......................................................................................................... 13 1.13 Adequacy of the Data ....................................................................................... 13 1.14 Qualified Professional Site Inspection .............................................................. 13 1.15 Concluding Qualified Persons Statement ......................................................... 13 1.16 Recommendations ........................................................................................... 15 2 Introduction .............................................................................................................. 17 2.1 Issuer and Purpose .......................................................................................... 17 2.2 Authors and Site Inspection .............................................................................. 17 2.3 Sources of Information ..................................................................................... 19 2.4 Units of Measure .............................................................................................. 20 3 Reliance of Other Experts ........................................................................................ 20 4 Property Description and Location ........................................................................... 21 4.1 Property Description and Location ................................................................... 21 4.2 Mineral Tenure and Issuer’s Title ..................................................................... 24 4.3 Royalties ........................................................................................................... 24 4.4 Permitting, Environmental Liabilities and Significant Factors ........................... 25 4.4.1 Permitting................................................................................................ 25 4.4.2 Environmental Liabilities ......................................................................... 25 4.4.3 Other Property-Related Significant Factors ............................................ 26 5 Accessibility, Climate, Local Resources, Infrastructure and Physiography .............. 26 5.1 Accessibility ...................................................................................................... 26 5.2 Site Topography, Elevation and Vegetation ..................................................... 29 5.3 Climate ............................................................................................................. 29 5.4 Local Resources and Infrastructure .................................................................. 29 6 History ...................................................................................................................... 31 6.1 Introduction to Britain’s Mineral Resources (Outside the Knapdale Property) .. 31 6.1.1 Cononish, west-central Scotland ............................................................ 33 6.1.2 Curraghinalt, Northern Ireland ................................................................ 33 6.1.3 Omagh Mine (formerly Cavanacaw), Northern Ireland ........................... 35 6.1.4 Foss and Duntanlich Baryte Mines, West-Central Scotland ................... 36 6.1.5 Other Notable Gold Workings in Proximity to the Knapdale Property ..... 36 6.1.6 Other Notable Copper Workings in Proximity to the Knapdale Property . 37 12 June 2020 i Geological Introduction to the Knapdale Au-Ag Project, Scotland 6.2 Historic Exploration and Exploitation (Within the Knapdale Property) .............. 45 6.3 Government Geological Studies (Within the Knapdale Property) ..................... 47 6.3.1 Mineral Reconnaissance Program: Geochemistry .................................. 48 6.3.2 Mineral Reconnaissance Program: Geophysics ..................................... 51 6.3.3 Mineral Reconnaissance Program: Summary ......................................... 51 7 Geological Setting and Mineralisation ...................................................................... 55 7.1 Regional Geology ............................................................................................. 55 7.2 Property Geology ............................................................................................. 62 7.3 Mineralisation ................................................................................................... 65 7.3.1 Orogenic Vein-Type Mineralisation ......................................................... 65 7.3.2 Stratiform Sulphide-Type Mineralisation ................................................. 67 8 Deposit Types .......................................................................................................... 69 8.1 Orogenic Gold Deposits ................................................................................... 69 8.2 Besshi-type Massive Sulphide .......................................................................... 70 8.3 Methods for Exploration ................................................................................... 70 9 Exploration ............................................................................................................... 72 9.1 Exploration Work Conducted Between 2014 and 2016 .................................... 72 9.2 Exploration Work Conducted Between 2017 and 2018 .................................... 80 9.2.1 Panned Concentrate Sample Result ....................................................... 80 9.2.2 Rock Chip Sampling Survey ................................................................... 80 9.2.3 Channel Sampling Survey ...................................................................... 82 9.2.4 Preliminary Assessment of Rock Geochemical Survey Data .................. 84 9.2.5 Water Monitoring Project ........................................................................ 90 10 Drilling ...................................................................................................................... 94 11 Sample Preparation, Analyses and Security .......................................................... 105 11.1 Sample Collection, Preparation and Security ................................................. 105 11.1.1 Geochemical Sample Collection: Deep Till/Soil, Stream-Sediment, Panned Concentrate, Rock Chip and Trench Rock Channel Samples . 105 11.1.2 Water Samples .................................................................................. 105 11.1.3 Drill Core Samples ............................................................................. 106 11.1.4 Chain of Custody ............................................................................... 106 11.2 Analytical Procedures ..................................................................................... 107 11.3 Quality Assurance – Quality Control ............................................................... 108 11.3.1 Certified Reference Material Standard Results .................................. 109 11.3.2 Blank Standard Results ..................................................................... 112 11.4 Adequacy of Sample Collection, Preparation, Security and Analytical Procedures ..................................................................................................... 112 12 Data Verification..................................................................................................... 112 12.1 QP Site Inspection .........................................................................................
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