Not disclosed in available filings.

Karus Mining is focused on 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, with a fully-funded 7,500 m drill program planned for 2026. The Mineral Creek project, located on Vancouver Island, features a significant land package of 13,286 ha and has shown promising historical gold grades.

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

About

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 history of 76,000 m of drilling, 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: 44,186,542
Fully diluted shares: 52,886,137
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. Historical drilling includes 63,700 m across 446 holes, with a fully-funded 7,500 m drill program planned for 2026.
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.\nA Known Deposit Type\nTypical of sediment-hosted orogenic gold, high-grade mineralization localizes in zones of increased quartz veining related to deformation of the host rocks.\nPredictable Controls\nFavourable host stratigraphy folds around the large-scale Eureka Syncline; parasitic fold hinges thicken gold-bearing veins into regularly-spaced corridors.\nPredictable Orientation\nThese corridors run parallel to the syncline's axial plane, forming elongate NW–SE trends that can be traced and targeted along strike.\nNotable FG Gold intercepts (2020–2022)Au g/t\nFG-87-054 · 12.3 m18.89\nFG-90-140 · 16.5 m11.1\nFG-87-050 · 25.5 m5.67\nFG-20-385 · 17.7 m3.34\nFG-20-373 · 41.0 m2.97\nFG-21-401 · 35.4 m2.94\nFG-20-382 · 46.7 m1.83\nFG-20-378 · 62.3 m1.67\nIntervals are drilled widths and may not represent true width. Bars scaled to 20 g/t. Historical results are per the NI 43-101 Technical Report on the South Cariboo Property (Equity Exploration Consultants Ltd., effective June 1, 2022).\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\nA fully-funded program to expand the high-grade corridors\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\nExpand and further define the two high-grade, structurally-controlled vein corridors discovered in 2020/21\nDrill-test the highest-priority targets to discover new corridors along a 20+ km trend to the northwest\nEvaluate additional vein corridors defined by gold-in-soil geochemistry and historical drill intercepts.\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\nSignificant grades with bulk-tonnage scale\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.\n- Vancouver Island, BC — 10 km from Port Alberni, 35 km from Nanaimo\n- Sealed road access with year-round exploration via forestry roads\n- Large, consolidated 13,286 ha land package (51 mineral claims)\n- Within the historic, gold-producing China Creek mining camp\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: Sébastien Bernier (Director, 25 years of industry and technical experience, currently Senior Vice President, Technical Services for Allied Gold Corporation.), Andrew Kaip (Interim CEO, founder and former CEO of Karus, experienced geologist with 30+ years in geology, financial-market and management experience.), Jason Bahnsen (not discovered), Scott Trebilcock (Director, 30+ years in mining; currently Chief Development Officer at Mandalay Resources; former CEO of KORE Mining.), Michael Tucker (Technical Advisor, 10+ years of exploration experience; former VP Exploration at Karus.)

Verified data last updated: 2026-09-25

Karus Mining Inc.

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