Badlands Reports High-Grade Gold Results From Surface Exploration Program In The Black Hills

Badlands Reports High-Grade Gold Results From Surface

Exploration Program In The Black Hills

VANCOUVER, BC, October 17, 2024 – Badlands Resources Inc. (TSXV: BLDS, FSE: B7Q)

(“ Badlands ” or the “ Company ”) is pleased to announce the successful results fr om its fall 2023 field

exploration program, identifying multiple high-grade gold trends at the Bella Project, located in the Black

Hills of South Dakota.

News Highlights

• Five Main High-Grade Gold Trends: The company identified five main high-grade gold trends

with approximately 20 km of strike length at surface through mapping and sampling.

• Grab Samples Returned Assays up to 20 g/t Au. Out of the 420 grab samples collected, 60

samples returned over 5 g/t Au .

• Gold mineralization hosted in Banded-Iron Formation . Only 40% of the prospective

mineralized unit has been prospected by the Company.

• Systematic Approach. The initial program has assisted in prioritizing th e main targets for

advanced exploration given that the mineralized unit has a surface expression of 50 km.

Dale Ginn, President and CEO of Badlands, commented, “ The initial success of the 2023 Field Program

gives confidence of the gold prospectivity in the Black Hills. Historically, the Company’s focus was

drilling deep extensions of the Standby Mine, but these samples reinforce the high-grade gold potential at

surface. Badlands will continue to advance the near surface targets through exploration efforts of the

team .”

Figure 1 . Badlands 2023 Field Exploration Program, identifying five major gold trend at the Bella Project

Discussion of Results

The Bella project covers a large under-explored package of banded iron formation hosted in a greenstone

to amphibolite facies sedimentary and volcanic succ ession. The project shares striking similarities to the

Homestake Mine which is located 30 km to the north. At both locations, the gold is concentrated in the local

iron formation, particularly where it is has been t hickened by regional folding. The iron formation at the

two locations has been noted to be stratigraphically distinct but nearly identical in composition.

Badlands collected a total of 420 rock samples to i nvestigate prospective areas identified from Lidar and

historical data. Results have highlighted five tren ds which the Company plans to follow up on with

systematic surface sampling and possible drill targeting. These trends have been named Lookout, Standard,

Cochrane, King of West, and Montezuma.

Lookout Trend

The Lookout trend extends 2.5 km southeast from the historic Standby Mine. The majority of samples were

collected from the altered, sheered, and folded Roc hford iron formation which locally encompasses the

Nahant Schist and Rapid Creek Greenstone. Grab sample highlights include 19.2 g/t Au, 18.95 g/t Au, and

17.7 g/t Au.

Figure 2 . Plan Map of the Lookout trend showing high-grade sample results

Table 1 . Selected assay results from the Lookout Trend

Sample ID Latitude Longitude Au (g/t)

23 -MMV -234 44.10162 -103.70969 19.20

23 -MMV -533 44.09224 -103.70589 18.95

23 -MMV -243 44.10067 -103.71254 17.70

23 -MMV -221 44.10681 -103.71308 14.20

23 -MMV -223 44.10826 -103.71304 14.00

23 -MMV -241 44.10251 -103.71301 13.20

23 -MMV -240 44.09822 -103.70494 13.05

23 -MMV -238 44.10466 -103.70497 13.00

23 -MMV -226 44.10914 -103.71383 12.15

23 -MMV -246 44.10563 -103.71267 10.50

Standard Trend

The Standard trend extends 2.5 km over iron formati on which has been regionally folded and thickened.

The north of the trend hosts the historic Standard Mine, while the south hosts the Gold King Mine.

Production numbers for both mines are unknown due to incomplete records. Sampling highlights include

17.50 g/t Au and 16.15 g/t Au.

Figure 3 . Plan Map of the Standard trend showing high-grade sample results

Table 2 . Selected assay results from the Standard Trend

Sample ID Latitude Longitude Au (g/t)

23-MMV-643 44.14204 -103.695 17.50

23-MMV-324 44.14611 -103.692 17.15

23-MMV-340 44.14972 -103.698 13.40

23-MMV-258 44.1304 -103.696 12.35

23-MMV-281 44.13271 -103.696 8.46

23-MMV-646 44.14181 -103.694 6.87

23-MMV-327 44.14526 -103.693 6.73

23-MMV-289 44.13341 -103.697 6.66

23-MMV-651 44.14316 -103.691 6.53

23-MMV-325 44.14571 -103.693 4.89

Cochrane Trend

The Cochrane trend covers the 1.2 km of iron format ion surrounding the Cochrane mine, which has a

recorded historic production of 826 ounces. 1 Mineralization has been noted to be strongest at t he contact

between iron formation and the strongly sheared Nahant Schist which is in the core of the trend. Sampling

returned anomalous results including 9.76 g/t Au and 9.39 g/t Au.

1 Allsman P.T., 1940: Reconnaissance of Gold-Mining Districts in the Black Hills, S. Dakota., Bureau of Mines.

Bulletin 427, p. 90-107, 123, 146.

Figure 4 . Plan Map of the Cochrane trend showing high-grade sample results

Table 3 . Selected assay results from the Cochrane Trend

Sample ID Latitude Longitude Au (g/t)

23-MMV-544 44.09745 -103.723 9.76

23-MMV-586 44.10056 -103.732 9.39

23-MMV-583 44.10053 -103.733 7.25

23-MMV-543 44.09758 -103.723 3.6

23-MMV-540 44.09734 -103.722 2.8

23-MMV-591 44.10174 -103.733 2.14

23-MMV-550 44.09397 -103.724 1.88

23-MMV-541 44.0977 -103.722 1.63

King of the West

The King of the West trend covers 2.1 km of iron formation with a complicated structural history which has

created thickened iron formation hinges. Historic mines in the area have recovered over 1,780 ounces 1 of

gold. Iron formation within the area is surrounded by Poverty Gulch Slate. Anomalous results include 16.8

g/t Au and 15.6 g/t Au in grab samples.

Figure 5 . Plan Map of the King of the West trend showing high-grade sample results

Table 4 . Selected assay results from the King of the West Trend

Sample ID Latitude Longitude Au (g/t)

23-MMV-444 44.1387 -103.723 16.8

23-MMV-445 44.13883 -103.722 15.6

23-MMV-397 44.12167 -103.711 13.95

Sample ID Latitude Longitude Au (g/t)

23-MMV-460 44.14171 -103.723 13.95

23-MMV-446 44.13916 -103.723 9.78

23-MMV-405 44.12327 -103.713 9.42

23-MMV-416 44.12668 -103.714 8.24

23-MMV-428 44.13116 -103.717 8.07

23-MMV-402 44.12269 -103.712 4.96

23-MMV-418 44.12705 -103.716 4.61

Montezuma

The Montezuma trend is associated with the Montana Mine Formation, which is stratigraphically lower

than the Rochford Formation found elsewhere on the property. It is bordered by greenstone to the west and

schist to the east. Anomalous results include 12.5 g/t Au.

Figure 6 . Plan Map of the Montezuma trend showing high-grade sample results