The Northern Miner Podcast

Happy #PDAC2017 week! Matt and Lesley are back with a great edition of the Geology Corner wherein we discuss some outlandish mining deals from cycles past, including: finding gold in the Ottawa River, sifting through sewage, and interstellar adventures! Discussion also includes advice for navigating the PDAC conference, and recent moves in copper and gold that appear to be underpinned by socio-economic announcements out of the U.S. and China. Meanwhile, Matt sits down with Otis Gold (TSXV: OOO; US-OTC: OGLDF) president Craig Lindsay to chat about the Kilgore gold deposit in Idaho, where the company is looking at releasing a maiden preliminary economic assessment (PEA) on a proposed heap-leach operation in the next twelve months. We talk about recent drill success and the discovery of the Aspen corridor, as well as a subsequent $5-million strategic investment from Agnico Eagle Mines (TSX: AEM; NYSE: AEM). Matt also details the exciting announcement of The Northern Miner's Canadian Mining Symposium in London on May 9, 2017. The Symposium will take place at Canada House on Trafalgar Square in the lead up to Canada celebrating its 150th anniversary of Confederation. Speakers include Robert Friedland and Lukas Lundin. More details: http://www.northernminer.com/stock-markets-investing/robert-freidland-lukas-lundin-featured-speakers-tnms-canadian-mining-symposium-london/1003784168/ Timeline: PDAC orientation (visit The Northern Miner at Booth #3318): 0:10 Macro economic and show round-up: 3:14 Geology Corner - Absurd mining deals edition: 5:38 President Craig Lindsay of Otis Gold: 25:06 Info on the TNM Canadian Mining Symposium: 30:37 Articles referenced: Robert Friedland, Lukas Lundin to be featured speakers at TNM’s Canadian Mining Symposium in London: http://www.northernminer.com/stock-markets-investing/robert-freidland-lukas-lundin-featured-speakers-tnms-canadian-mining-symposium-london/1003784168/ Otis Gold president on discovery at Kilgore, Agnico investment: http://www.northernminer.com/news/otis-gold-president-talks-discovery-kilgore-agnico-investment/1003784196/ Space mining ready for lift off: http://www.northernminer.com/news/space-mining-ready-for-lift-off/1003768636/ PDAC’s Glenn Mullan looks back on four decades in the business: www.northernminer.com/news/pdacs-gle…ss/1003783804/ Exclusive interview: Lukas Lundin on the state of the mining industry: http://www.northernminer.com/news/exclusive-interview-lukas-lundin-talks-state-mining-industry/1003783932/ Music Credit: Energy Recorded by Bensound (www.bensound.com/royalty-free-music/track/energy) Licensed under Creative Commons: By Attribution-NoDerivs 3.0 Unported creativecommons.org/licenses/by-nd/3.0 Music Credit: Beach Bum Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

Matt and Lesley follow-up on their conversation about 43-101 technical economic reports with a Geology Corner on prospecting, early-stage exploration, and target generation! The discussion includes how to interpret press releases and data from exploration-stage companies and what Lesley looks for in terms of best practices when it comes to identifying drill targets. We dig into basic geochemistry and geophysics, and have a chat about new seismic technologies. Lesley explains why she likes the exploration model behind SolGold’s (LON-AIM: SOLG; US-OTC: SLGGF) discoveries in Ecuador. Meanwhile, Matt runs a brief clip from a long-form interview he recently had with Lukas Lundin! Timeline: Macro economic and show round-up: 0:54 Geology Corner - Target generation edition: 6:53 Lukas Lundin preview clip: 28:45 Articles referenced: Exclusive interview: Lukas Lundin on the state of the mining industry: http://www.northernminer.com/news/exclusive-interview-lukas-lundin-talks-state-mining-industry/1003783932/ Roundup 2017: SolGold adds weight to Cascabel in Ecuador: http://www.northernminer.com/news/roundup-2017-solgold-adds-weight-cascabel-ecuador/1003783791/ Interview: Northern Dynasty CEO Thiessen responds to short seller’s report on Pebble: http://www.northernminer.com/news/interview-northern-dynasty-ceo-thiessen-responds-short-sellers-report-pebble/1003783820/ PDAC’s Glenn Mullan looks back on four decades in the business: http://www.northernminer.com/news/pdacs-glenn-mullan-looks-back-four-decades-business/1003783804/ Music Credit: Energy Recorded by Bensound (www.bensound.com/royalty-free-music/track/energy) Licensed under Creative Commons: By Attribution-NoDerivs 3.0 Unported creativecommons.org/licenses/by-nd/3.0 Music Credit: Beach Bum Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

Matt and Lesley are back with another Geology Corner for investors! This week we discuss 43-101 economic and resource reports with a focus on certain factors you can look for when determining disclosure quality and mine design. Lesley digs into metal equivalency reporting, metallurgy, and deposit types. Meanwhile, Matt sits down with president and CEO of newly-public Adventus Zinc (TSXV: ADZN), Christian Kargl-Simard, to chat about the company's investment thesis and the state of zinc markets. Bonus: We briefly re-visit the recent trading and short-selling report on Northern Dynasty Minerals (TSX: NDM; NYSE-MKT: NAK) and its controversial Pebble project in Alaska. Timeline: Macro economic and show round-up: 0:25 Geology Corner - 43-101 Edition: 5:45 Adventus Zinc CEO Kargl-Simard: 21:30 Articles referenced: Adventus CEO on building a ‘premier zinc acquisition vehicle’: http://www.northernminer.com/news/adventus-ceo-building-premier-zinc-acquisition-vehicle/1003783728/ CEO Interview: Can Rubicon’s troubled Phoenix mine rise from the ashes?: http://www.northernminer.com/news/can-rubicons-phoenix-rise/1003783560/ Editorial: Copper prices near two-year highs: http://www.northernminer.com/commodities-markets/editorial-copper-prices-near-two-year-highs/1003783459/ Diamonds add sparkle to NWT’s economy: http://www.northernminer.com/news/diamonds-add-sparkle-%E2%80%A8to-nwts-economy/1003783521/ Music Credit: Energy Recorded by Bensound (www.bensound.com/royalty-free-music/track/energy) Licensed under Creative Commons: By Attribution-NoDerivs 3.0 Unported creativecommons.org/licenses/by-nd/3.0 Music Credit: Beach Bum Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

Matt and Lesley are on-location in downtown Vancouver for a broad-ranging interview with the Mercenary Geologist, Mickey Fulp. Matt digs into recent copper-supply issues related to labour disputes at BHP Billiton's (NYSE: BHP; LON: BLT) Escondida mega mine in the Atacama Desert in the Antofagasta Region of Chile. Mickey discusses improving copper prices and his investment thesis for the red metal moving forward. We get into potential development-stage copper assets, including Northern Dynasty Minerals' (TSX: NDM; NYSE-MKT: NAK) large-scale Pebble asset in Alaska. Meanwhile, the Geology Corner focuses in on recent exploration news out of Finland and its potential as an emerging gold camp. Lesley and Mickey talk Aurion Resources (TSXV: AU; US-OTC: AIRRF) and Mawson Resources (TSX: MAW; US-OTC: MWSND). Bonus: Mickey recounts his experience almost falling in the mire during a site visit to Finland. Timeline: Matt and Mickey talk copper-supply concerns: 1:20 Copper exploration and development: 7:50 Geology Corner ft. Finland: 14:42 Mickey on Aurion Resources & Mawson Resources: 19:45 Articles referenced: Editorial: Welcome back, copper: http://www.northernminer.com/commodities-markets/editorial-welcome-back-copper/1003781036/ ICSG: Copper surplus coming in 2017: http://www.northernminer.com/commodities-markets/icsg-copper-surplus-coming-2017/1003780531/ Northern Dynasty’s Pebble on ‘cusp of resolution’: http://www.northernminer.com/court-cases/northern-dynastys-pebble-on-cusp-of-resolution/1003762425/ Uranium snapshot: six juniors of interest: http://www.northernminer.com/news/uranium-junior-snapshot/1003782915/ Editorial: Resource regulators under Trump: http://www.northernminer.com/regulatory-issues/editorial-resource-regulators-trump/1003782911/ TNM Data Miner: Top-five global copper hits in December: http://www.northernminer.com/news/tnm-exclusive-top-5-copper-intercepts-worldwide-december/1003782264/ Cordoba CEO discusses next steps at San Matias, JV with Friedland’s HPX: http://www.northernminer.com/news/cordoba-ceo-discusses-next-steps-san-matias/1003782499/ Music Credit: Energy Recorded by Bensound (www.bensound.com/royalty-free-music/track/energy) Licensed under Creative Commons: By Attribution-NoDerivs 3.0 Unported creativecommons.org/licenses/by-nd/3.0

This week we're talking zinc! Lesley's Geology Corner digs into the three major types of zinc deposits, namely: Mississippi Valley, sedimentary exhalative deposits (SedEx deposits), and carbonate replacement. We discuss some of the major zinc producing regions in Canada, and globally, as well as what each mineralization type can mean for explorers and miners. Meanwhile, Matt digs into some base metal fundamentals and takes a look at China's impact on ferrous metals. We talk Glencore (LON: GLEN) latent zinc supply, iron ore, and metallurgical coal. And let's not forget lead! Bonus: We outline which base metals producers have exposure to zinc. Timeline: Show summary and macro economic report: 0:25 Geology Corner - Zinc edition: 4:29 Matt on zinc-lead fundamentals: 18:52 Articles referenced: The Northern Miner podcast – episode 41: Interstellar gold and Arizona Mining ft. Joe Mazumdar: http://www.northernminer.com/news/northern-miner-podcast-episode-41-interstellar-gold-arizona-mining-ft-joe-mazumdar/1003781851/ Arizona Mining confirms size potential at Taylor: http://www.northernminer.com/news/arizona-mining-confirms-size-potential-taylor/1003777643/ Darnley Bay buys NWT zinc deposits, updates BC resource: http://www.northernminer.com/news/darnley-bay-acquires-zinc-deposits-nwt-updates-resource-b-c/1003780373/ Trevali nears commercial production at Caribou: http://www.northernminer.com/news/banking-on-zinc-trevali-nears-commercial-production-at-caribou/1003771742/ TNM Data Miner: The five highest grade zinc projects in the world: http://www.northernminer.com/news/tnm-exclusive-canada-home-two-highest-grade-zinc-projects/1003782824/ Lead and zinc demand set to rise strongly in 2016, says ILZSG: http://www.northernminer.com/commodities-markets/facts-n-figures-lead-and-zinc-demand-set-to-rise-strongly-in-2016-says-ilzsg/1003772800/ Music Credit: Energy Recorded by Bensound (www.bensound.com/royalty-free-music/track/energy) Licensed under Creative Commons: By Attribution-NoDerivs 3.0 Unported creativecommons.org/licenses/by-nd/3.0 Music Credit: Beach Bum Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

This week we head to the floor of AME BC's Roundup 2017 conference in Vancouver, B.C., for exclusive Northern Miner coverage. Lesley's geology corner heads to the Core Shack for a discussion with Nighthawk Gold (TSXV: NHK; US-OTC: MIMZF) president and CEO, Dr. Michael J. Byron, about exploration strategies at the Colomac gold property within the the Indin Lake Greenstone Belt roughly 222 km north of Yellowknife in the Northwest Territories. Meanwhile, Matt sits down with the newly-elected Deputy Premier of the Yukon, Ranj Pillai, to talk Liberal strategy in terms of the natural resource sector. Discussion includes the new "one government approach" to Yukon's mining, and federal infrastructure investment. Bonus: Matt touches on New Gold's recent struggles at Rainy River. Timeline: Show summary and macro economic report: 0:25 Geology Corner ft. Nighthawk Gold: 3:10 Yukon Deputy Premier Ranj Pillai: 9:50 New Gold's struggles at Rainy River: 18:00 Articles referenced: Editorial: Silver’s Liberals bring ‘sunny ways’ to the Yukon: http://www.northernminer.com/news/editorial-silvers-liberals-bring-sunny-ways-yukon/1003781191/ TNM Video: Roundup Core Shack tour ft. Marathon Gold & Nighthawk Gold: http://www.northernminer.com/news/tnm-video-roundup-2017-core-shack-tour-ft-marathon-gold-nighthawk-gold/1003782813/ Kinross investment in Nighthawk Gold points to Colomac’s potential: http://www.northernminer.com/news/kinross-investment-nighthawk-points-colomacs-potential/1003782537/ Nighthawk says Colomac a Kalgoorlie lookalike: http://www.northernminer.com/news/nighthawk-gold-says-colomac-deposit-nwt-similar-kalgoorlie/1003778058/ Roundup 2017: Geoscience BC showcases new mag survey: http://www.northernminer.com/news/roundup-2017-geoscience-bc-showcases-new-mag-survey/1003782847/ Commentary: Signs of a good exploration team: http://www.northernminer.com/stock-markets-investing/commentary-signs-good-exploration-team/1003782842/ TNM exclusive: The world’s largest gold reserves in 2016: http://www.northernminer.com/news/tnm-exclusive-largest-global-gold-reserves-2016/1003782830/ TNM exclusive: The five highest grade zinc projects in the world: http://www.northernminer.com/news/tnm-exclusive-canada-home-two-highest-grade-zinc-projects/1003782824/ Music Credit: Energy Recorded by Bensound (www.bensound.com/royalty-free-music/track/energy) Licensed under Creative Commons: By Attribution-NoDerivs 3.0 Unported creativecommons.org/licenses/by-nd/3.0 Music Credit: Beach Bum Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

The Northern Miner sits down with Exploration Insights Brent Cook and Joe Mazumdar at AME BC's Roundup 2017 conference to chat about the state of resource markets, and what investment opportunities might be emerging this year. Brent digs into the "fake news" phenomenon and how it manifests itself in terms of mining companies news releases, drill reporting, and marketing. Meanwhile, Joe discusses cut versus uncut drill results, and how he analyzes results from companies depending on the stage of the project. We also talk the emerging zinc narrative, and how we seem to hear that the metal is ready for a bounce back every year. Brent and Joe drill down into what they'll be looking for in terms of exploration investments in 2017, and the patterns they've seen emerging in terms of major miners and district-scale opportunities. Music Credit: The Curtain Rises Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

Matt and Lesley kick-off Roundup 2017 with a British Columbia and Yukon extravaganza! This week's episode includes a Geology Corner focused on B.C. and Yukon geology, including the formation of orogenic gold deposits, porphyry systems, and the similarities between the Barkerville and Klondike gold camps! Meanwhile, Matt sits down with Yukon Mining Alliance Chair Paul West-Sells, also president and CEO of Western Copper and Gold (TSX: WRN; NYSE-MKT: WRN), to chat about the entrance of majors Goldcorp (TSX: G; NYSE: GG) and Agnico Eagle Mines (TSX: AEM; NYSE: AEM) into the territory. We also tackle the new Liberal government in the Yukon and how the jurisdiction is shaping up this year. Bonus: Geoscience B.C. is set to release results from its Search II Project – the largest airborne geophysical survey conducted in Canada in 2016. Timeline: Show summary and macro economic report: 0:25 Geology Corner - B.C. and Yukon edition: 4:02 Geoscience B.C.'s Search II project: 20:53 YMA Chair Paul West-Sells: 22:20 Articles referenced: When the east pushed back: The geology and metal districts of BC and Yukon: http://www.northernminer.com/news/east-pushed-back-geology-metal-districts-western-canada/1003782382/ Yukon Snapshot: Three advanced projects: http://www.northernminer.com/news/yukon-snapshot-three-advanced-projects/1003782417/ Commentary: Mine development and exploration in BC — where we stand in 2017: www.northernminer.com/news/commentar…17/1003782562/ Editorial: Silver’s Liberals bring ‘sunny ways’ to the Yukon: http://www.northernminer.com/news/editorial-silvers-liberals-bring-sunny-ways-yukon/1003781191/ Site visit: Goldcorp VP Bergeron talks future of Coffee project: www.northernminer.com/news/goldcorp-…ct/1003775741/ Editorial: What a Trump presidency means for US miners: www.northernminer.com/regulatory-iss…rs/1003780881/ Music Credit: Energy Recorded by Bensound (www.bensound.com/royalty-free-music/track/energy) Licensed under Creative Commons: By Attribution-NoDerivs 3.0 Unported creativecommons.org/licenses/by-nd/3.0 Music Credit: Beach Bum Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

The Northern Miner listened in on Canadian major Goldcorp's (TSX: G; NYSE: GG) Investor Day webcast on Jan. 17, 2017, and pulled highlights from president and CEO David Garofalo's remarks surrounding the merger and acquisition landscape. He also digs into the optimum production levels for senior gold miners, and stresses that the industry must partner on large-scale deposits to minimize risk and benefit from economies of scale. Garofalo also drills into a series of recent deals, including: the US$520-million acquisition of Kaminak Gold and its five-million ounce Coffee gold deposit in the Yukon; and US$438-million sale of the Los Filos mine in Mexico to Frank Giustra and Neil Woodyer's Leagold Mining (TSXV: LMC-H; US-OTC: HTXFF) vehicle. Goldcorp expects to produce roughly 2.5 million oz. gold in 2017, at all-in sustaining costs of around US$850 per oz. Music Credit: The Curtain Rises Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

The Northern Miner podcast marks its 2017 return in earnest with a jam-packed episode that drills into quarterly reports from gold majors, the recent uranium spot price rally, and the impending Brexit fundamentals and Donald J. Trump presidency. Lesley is back in action with an awesome Geology Corner aimed toward investing in the mining industry. She digs into what geologists look for in terms of news releases and technical reports, and fills us in on oriented drill core, historic data, and 43-101 techical reports! Listen in for her #1 thing to look for when investing in mining companies. Bonus: Matt talks the upcoming Cambridge and Round-Up conferences. Timeline: Cambridge and Round-Up conference primer: 0:22 Macro economic and politics round-up ft. Brexit & Trump: 2:09 Goldcorp's recent divestiture of two non-core assets: 6:14 Geology Corner - Investor Edition: 9:30 The recent ralley in uranium equities: 20:45 Articles referenced: Editorial: Kazatomprom’s cuts and uranium’s rebound: http://www.northernminer.com/commodities-markets/editorial-kazatomproms-cuts-uraniums-rebound/1003782575/ Commentary: Mine development and exploration in BC — where we stand in 2017: http://www.northernminer.com/news/commentary-mine-development-exploration-bc-stand-2017/1003782562/ Uranium firms remain optimistic amid low demand: http://www.northernminer.com/news/uranium-firms-remain-optimistic-amid-low-demand/1003780582/ Site visit: Goldcorp VP Bergeron talks future of Coffee project: http://www.northernminer.com/news/goldcorp-vp-bergeron-talks-plans-coffee-project/1003775741/ CEO interview: Rubicon’s Winship discusses Phoenix error: http://www.northernminer.com/financial-matters/winship-speaks-about-rubicons-phoenix-project/1003769884/ Editorial: What a Trump presidency means for US miners: http://www.northernminer.com/regulatory-issues/editorial-trump-presidency-means-us-miners/1003780881/ Music Credit: Energy Recorded by Bensound (www.bensound.com/royalty-free-music/track/energy) Licensed under Creative Commons: By Attribution-NoDerivs 3.0 Unported creativecommons.org/licenses/by-nd/3.0 Music Credit: Beach Bum Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/