Located in Quebec’s World Class Gold District
Caprock has an option to earn a 100% interest in the Destiny gold property that comprises 127 mineral claims and encompasses an area of 5,013 hectares located in Despinassy township approximately 75 km north of the city of Val d’Or, Quebec. Destiny lies along a major deformation corridor in the Abitibi greenstone belt that includes the prolific Cadillac-Larder Lake, Destor-Porcupine and Casa Berardi fault zones which host numerous producing and development-stage gold deposits.
The Destiny property is predominantly underlain by strongly foliated mafic volcanics, interbedded with minor amounts of siltstone, graphitic mudstone, and sulphide iron formation of the Amos Group (Lower Formation). In drill core, the mafic volcanics are described as very fine grained and mainly composed of chlorite and amphibole with minor amounts of feldspar. The volcanics appear to be variably altered to carbonate (ankerite and calcite), biotite, sericite, which localized areas of millimetre to centimetre-thick bands of silica and disseminations of pyrite, pyrrhotite, and minor amounts of sphalerite, galena, and chalcopyrite.
The DAC gold zone consists of a zone that is >150 m wide regional east-west shear zone, called the Despinassy Shear Zone. Along this shear zone, gold mineralization has been outlined over a strike length of nearly 5 km on the Property. The most extensive and mineralized gold zones occur where the two shear zones and felsic intrusives are strongly folded, brecciated and silica flooded in the large “Z” fold structure, approximately 150 m in amplitude. This fold is host to four broad zones of metre to decametre-thick mineralized shearing, coupled with smaller zones.
Within the fold structure, the most extensive and strongest gold mineralization occurs along the axial plane area, in the shear zone designated as Zone 2. This zone also comprises abundant felsic intrusives, which were cored over intervals ranging from 15 m to 20 m.
Two distinct mineralization events have been observed: 1) an early phyllosilicate-calcite-sulphide silica event; and 2) a younger superimposed base-metal-bearing auriferous milky white quartz veining event. The first event is associated with anomalous (>100 ppb Au) to low-grade gold concentration (<5 g/t Au) and consists of fine-grained brown biotite and grey-buff carbonate (mainly calcite with minor ferro-dolomite-ankerite) and local, weak-to-strong, yellow sericite alteration. The area of alteration was concentrate in 1 cm to 2 cm wide bands. These zones were also characterized by locally occurring grey, boudinaged calcite-quartz veins/veinlets, trace to 20% disseminated and vein type pyrite, pyrrhotite and minor light brown to reddish sphalerite.
The Destiny Property displays the characteristics of an Archean greenstone-hosted orogenic gold deposit.
The property overlies a 6.0 km long segment of the poorly explored Despinassy shear zone which is a splay off the regional Chicobi Fault. On March 24, 2025 Caprock released an open pit-constrained Mineral Resource Estimate (MRE) for the Destiny project with the following gold inventory:
Mineral Resource Statement Notes:
Caprock’s technical team believes that there is significant potential to expand the current MRE, as follows:
2. Resource Expansion by Extending Depth of GAP & Darla Zones: The bulk of the current MRE is based on high-resolution drilling completed at the DAC deposit. Mineralization is interpreted to extend eastward in continuation from DAC to the GAP zone to the Darla zone. While DAC has seen close interval drilling down to a depth of ~320 metres below surface, GAP and Darla have seen much shallower drilling extending down to a depth of only ~150 metres below surface. There is an opportunity to expand the MRE by extending the depth of drilling at GAP and Darla down to ~300 metres below surface.
3. Potential for High Grade Resource at Depth: The Current MRE is constrained by a conceptual open pit that extends down to a depth of ~325 m below surface. Potential for high-grade mineralization at depth was demonstrated by two separate drill holes drilled by a previous operator, each of which intersected high-grade mineralization over appreciable widths at depths of 500 – 550 m below surface, with grades as high as 26.6 g/t Au. These two drill holes DES-01-59 and DES-01-60 were drilled approximately 250 m apart from each other laterally. There is an opportunity to demonstrate continuity of the high-grade mineralization at that depth by systematically drilling in-between these two holes with a view to developing underground mineable resources at Destiny.
On November 10th, 2025 Caprock commenced a drill program to demonstrate the continuity of high-grade mineralization at depth as previously intersected by drill holes DES-01-59 and DES-01-60. This drill program consists of four drill holes totaling 2,000 – 2,500 m of drilling, and is expected to be completed by mid-December, 2025. These four drill holes will not only target the ~250 m gap between drill holes DES-01-59 and DES-01-60, but also the ~200 m vertical gap between the lowest extent of the resource drilling (~350 m depth below surface) and the high-grade intersections in deeper drill holes (~550 m depth below surface).
Caprock is also planning a near-surface resource expansion drill program in 2026. This drill program is expected to total 5,000 m of drilling, consisting of ~20 diamond drill holes averaging ~250 m in length, each. The main objectives of this drill program would be to extend mineralization at the GAP and Darla zones beyond the current ~150 m depth of drilling, and infill drilling between the DAC, GAP and Darla zones in order to connect all three into a single conceptual open pit.
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Massive zinnwaldite sample taken from Ackley.
Sample locations
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