THEORY PROJECT

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OVERVIEW

The Theory Project comprises 23 mineral claims covering 9,676 hectares in the Toodoggone Mining District of north-central B.C. The property is 100% owned by Eagle Plains, with 122 hectares subject to a 0.5% NSR royalty.  Sun Summit has the right to earn into 75% ownership with $3 million of exploration spend over the next 4 years and may acquire the remaining 25% for an additional payment of $1 million. Located adjacent to Sun Summit’s JD Project, Theory shares similar geology to both JD and Thesis Gold’s Ranch-Lawyers projects. The property is helicopter-accessible, with upgraded road access now within 8 kilometres of its southern boundary (via Thesis Gold, 2023).

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Geology & Mineralization

• Geology primarily comprised of lower Jurassic Hazelton Group volcanics (Toodoggone Formation, same host rock as the JD Project) which unconformably overlie late Triassic Takla Group volcanics.
• Project straddles the “red-line” unconformity—a key marker for major deposits in the region: The Red Line refers to a significant regional geological contact first highlighted by the BC Geological Survey in a 2014 study. Specifically, it marks the contact between the Stuhini Group (Upper Triassic volcanic and sedimentary rocks) and the overlying Hazelton Group (Lower Jurassic volcanic and sedimentary rocks). This boundary is called the Stuhini-Hazelton contact, and it represents a major arc transition formed during the accretion of the Stikine Terrane. Many major porphyry and epithermal deposits in the Golden Triangle cluster near this contact, including KSM (porphyry Cu-Au – Seabridge Gold), Brucejack Mine (epithermal Au – Newmont), and Red Chris Mine (porphyry Cu-Au – Newmont).
• Historical work (1980s) documented occurrences of low-sulphidation epithermal-related mineralization including:
  • quartz-barite veins with up to 8.2 g/t Au, 195 g/t Ag, and 6.2% Cu at the DM occurrence (BC Minfile 094E 231)*;
  • and a quartz carbonate vein system with up to 6.8 g/t Au and 1,480 g/t Ag at the Fred-1 occurrence (BC Minfile 094E 402)*.
  • The BEV occurrences (BC Minfile 094E 259)*, interpreted as a Cu-Au porphyry target, returned select historical rock results up to 0.47% Cu, 10.5 g/t Ag, and 0.13 g/t Au
  • Detailed soils revealed a 1.6 by 2 kilometre copper-in-soil anomaly with peak soil results to 920 ppm Cu.
  • Very little work is documented in the south and eastern parts of the property.
• 2024 airborne magnetic & radiometric survey identified a 13 x 13 km prospective area for integration with historic data

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2025 Exploration Plans

The primary exploration goals at the Theory Project are to generate and refine future drill targets by integrating historical data with new geophysical and geochemical surveys. Eagle Plains and Sun Summit commissioned Terralogic Exploration to design and execute the 2025 satellite (remote sensing) acquisition, and field programs.

Steps taken in 2025 include:

• Data Compilation – Rectification and analysis of historical surface sampling and reconnaissance mapping from 1986–1989 (Taiga).
• Remote Sensing Acquisition – District- and property-scale datasets, focusing on VNIR and SWIR bands to identify mineral groups diagnostic of epithermal and porphyry alteration.
• Field Program – Prospecting, detailed geological mapping, and systematic rock, soil, and silt geochemical sampling across the property.

This integrated approach builds on the 2024 airborne magnetic and radiometric survey results and is designed to prioritize high-potential areas for future drilling. More than 15 distinct geochemical and geophysical targets were defined foe field follow-up.

Terralogic Exploration engaged the services of Earth Daily to amass and interpret remote sensing datasets (SWIR-ASTER, VNIR-Sentinel, Hyperspectral-EnMap). Final products were made available prior to the August-September field program, and were overlayed with existing compiled datasets, and used to define/augment targets for follow-up field study.

Terralogic Exploration was then mobilized to the JD camp to initiate its inaugural field exploration program on Theory. Sun Summit’s JD camp acted as the primary logistical hub for the project, providing food, lodging and helicopter services. The 5-person crew was positioned for the majority of the program at a fly camp on the Theory property, near a tarn located approximately 1.2 km north of the BEV showing main gossan.

The work took place over several weeks in mid-August and included geological mapping, prospecting and geochemical sampling. All primary targets of interest were prospected/geologically mapped and sampled. Most targets are underlain by mafic volcanic sequences of the Takla Group, with Jurassic Hazelton Group intermediate and mafic volcanics and related sediments encountered at the Stik, DAR and southernmost Bev areas. Intrusions encountered in outcrop are noted at the Stik-1 showing, with granodiorite boulders also noted in the south zone (target south of BEV).

Preliminary mapping at the BEV showing area, particularly with respect to alteration assemblages, strongly suggests potential for a large, buried porphyry system. At upper elevations, there is a broad areal expanse of epidote-carbonate+-chlorite+-hematite alteration with the highest alteration intensity of this type commonly associated with copper mineralization as chalcopyrite, bornite or chalcocite in epidote-carbonate-quartz veining/fractures. In total over 300 rock samples, 400 soil samples and number of silt samples were collected for which results are pending and will be reported upon receipt.

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