Not disclosed in available filings.

Karus Mining is advancing two high-grade gold projects in British Columbia: the South Cariboo Gold District and the Mineral Creek project. The South Cariboo property spans 995 km² and includes the FG Gold deposit and Gold Creek discovery, both open for expansion. The Mineral Creek project, located on Vancouver Island, features significant vein grades and bulk-tonnage potential, with a consolidated package of 13,286 ha.

Karus Mining Inc.

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Karus Mining is an emerging Canadian gold explorer focused on advancing two high-grade gold projects in British Columbia.

Investor website: https://www.karusmining.ca

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Karus Mining is an emerging Canadian gold explorer focused on advancing two high-grade gold projects in British Columbia. The company is backed by proven mine builders and is fully funded for a 2026 drill program, turning a district-scale land position into measurable value. With a combined land package of 1,133 km² and a systematic approach to exploration, Karus aims to de-risk discovery in the South Cariboo Gold District and Vancouver Island.

Verified company data

Cash position: C$7.5M
Shares outstanding: 44186542
Fully diluted shares: 52886137
Mineral resource: The South Cariboo property spans 995 km² along the Eureka thrust within the prolific Cariboo Gold District. It holds two structurally-controlled orogenic gold systems — the flagship FG Gold deposit and the Gold Creek discovery — both extensively de-risked by decades of historical work and open for expansion. FG Gold is a sediment-hosted orogenic gold system where mineralization is focused into predictable, structurally-controlled corridors that fold around the NW-trending Eureka Syncline. Historical results from the 2021 drill program include notable intercepts such as FG-21-401 at 27.1 g/t Au over 1.6 m and FG-21-4011 at 1.3 g/t Au over 95.5 m. The Gold Creek project is a strategically-located gold system with a Spanish Mountain-style signature, adding a second growth engine within the district land package.
Projects: ["South Cariboo Gold District\nA dominant, 100%-owned land position on the Eureka thrust — home to the flagship FG Gold deposit and the Gold Creek discovery.\n995 km²\n100%-owned land position\n63,700 m\nhistorical drilling · 446 holes\n20+ km\nuntested strike to the northwest\n7,500 m\nfully-funded 2026 drill program\nThe District\nA dominant position in a proven gold district\nThe South Cariboo property spans 995 km² along the Eureka thrust within the prolific Cariboo Gold District. It holds two structurally-controlled orogenic gold systems — the flagship FG Gold deposit and the Gold Creek discovery — both extensively de-risked by decades of historical work and open for expansion.\n- Located in British Columbia — a stable, mining-friendly Tier-1 jurisdiction\n- Road access, powerlines and proximity to the service centre of Williams Lake\n- Multi-year drilling permits valid through 2028 for cost-effective exploration\n- Supportive relationship with the Northern Shuswap Tribal Council\nFG Gold — Flagship Deposit\nA large, de-risked gold system\nA sediment-hosted orogenic gold system where mineralization is focused into predictable, structurally-controlled corridors that fold around the NW-trending Eureka Syncline.\n2021 Drill Program — Highlights\nFG-21-40127.1 g/t Au / 1.6 m\nhighest-grade 2021 intercept\nFG-21-4011.3 g/t Au / 95.5 m\nincl. 9.6 g/t over 6.5 m & 3.3 g/t over 8.2 m\nFG-21-3981.8 g/t Au / 16.2 m\nincl. 3.0 g/t over 8.0 m\nFG-21-3940.6 g/t Au / 63.3 m\nincl. 1.0 g/t over 28.4 m\nIntervals are drilled widths and may not represent true width. Results from the 2021 drill program, FG Gold Property.\nGold Creek — Strategic Discovery\nA second growth engine\nA strategically-located gold system with a Spanish Mountain-style signature, adding a second growth engine within the district land package.\nGC-17-34\nincl. 1.5 m @ 18.0 g/t\n5.5 g/t Au\nover 9.0 m\nGC-17-35\nbroad near-surface zone\n1.0 g/t Au\nover 84.65 m\nGC-21-049\nopen at depth\n0.74 g/t Au\nover 46.4 m\nRegional Targets\nA district-scale pipeline of new discoveries\nBeyond the FG Gold deposit, the 2021 regional program tested a pipeline of targets across the FG and Gold Creek areas — each carrying the same structural and geochemical signature that makes the district prospective, and each open for follow-up.\nTEP\n3.8 g/t Au over 13 m\nDrill-confirmed gold mineralization in a new corridor east of the Eureka syncline.\nForks\nUp to 3.4 g/t Au\nHigh-grade surface samples along the Eureka thrust, coincident with clinopyroxenite.\nOffset Lake\nLarge arsenic anomaly\nDistrict-scale soil geochemical target — a strong pathfinder signature, still undrilled.\nLo / Hen\n0.39 g/t Au over 33.8 m\nBroad zone including 0.5 m of 15.7 g/t Au — a high-grade core within a wide envelope.\n2026 Exploration Plan\n7,500 m\ncore drilling planned for 2026, with option to expand\n650 m\nstrike length of two high-grade corridors, open to the NW\n20+ km\nuntested trend hosting repetitive corridors\nMineral Creek\nAn orogenic gold project with confirmed significant vein grades and bulk-tonnage potential — 10 km from Port Alberni.\n13,286 ha\n51-claim consolidated package\n306 g/t\nsignificant gold grade — MC23-08 (2023)\n~$25M\nhistorical exploration · 1979–2012\n340+\nhistorical drill holes\nThe Project\nThe Mineral Creek project sits within the historic China Creek mining camp on Vancouver Island, just 10 km from Port Alberni and 35 km from Nanaimo. A structurally-controlled orogenic gold system with historical gold production, it pairs narrow, significant-grade veins with a large low-grade bulk-tonnage target — and remains open at depth and along strike.\nGeology\nTwo styles, one system\nTwo complementary styles of mineralization sit side-by-side: narrow, significant-grade quartz-carbonate veins in the hanging wall of the Mineral Creek Fault, and a broad low-grade zone with bulk-tonnage potential — plus multiple volcanogenic massive sulphide targets across the property.\nSignificant Gold Grades\nHistorical and 2023 drilling has repeatedly returned significant gold grades from the Linda, Ember and 900 veins — alongside broad bulk-tonnage intercepts.\n306 g/t\nAu over 1.0 m — MC23-08\n153.93 g/t\nAu over 2.0 m — MC23-08\n58.4 m\n@ 1.08 g/t Au — MC23-06\nSignificant vein interceptsAu g/t\nBTT-L58 · Linda vein · 1.65 m215.15\nBTT-L54 · Linda vein · 7.20 m185.46\nBTT-L14 · Linda vein · 1.10 m152.65\nD87DH89 · 900 vein · 0.30 m134.37\nD88DM166 · Linda vein · 0.30 m122.37\nD87DH118 · 900 vein · 18.00 m112.04\nD87DH50 · 900 vein · 21.80 m23.65\nBars capped at 60 g/t for scale; Linda-vein intercepts exceed 200 g/t. Intervals are drilled widths and may not represent true width. Historical results are per the NI 43-101 Technical Report on the Mineral Creek Project (C.J. Greig & Associates Ltd. / Theia Gold Corp., effective June 5, 2024)."]
Leadership: Jason Bahnsen (CEO, Canadian-Australian mining engineer with over 35 years in natural resources, including roles in underground mine contracting and investment banking.), Andrew Kaip (Interim CEO, founder and former CEO of Karus, experienced geologist with 30+ years in geology, financial-market, and management experience.), Sébastien Bernier (Director, 25 years of industry and technical experience, currently Senior Vice President, Technical Services for Allied Gold Corporation.), Michael Tucker (Director, P.Geo. with a Bachelor of Geology and a Master of Geological Sciences, over ten years of field exploration experience, former Exploration Manager for Balmoral Resources.), Scott Trebilcock (Director, 30+ years in mining, currently Chief Development Officer at Mandalay Resources, former CEO of KORE Mining.)

Verified data last updated: 2026-09-04

Karus Mining Inc.

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