Playfair Plans Drilling at Mount Uniacke Playfair has planned a three -pronged exploration program on its Mount Uniacke property consisting of 2,950 metres of drilling at an estimated cost of just over CAD$1 million. Largely
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Playfair Plans Drilling at Mount Uniacke
Playfair has planned a three -pronged exploration program on its Mount Uniacke property
consisting of 2,950 metres of drilling at an estimated cost of just over CAD$1 million. Largely
focused on a little drilled, high-grade structurally controlled zone, the “Crumple”, the program also
will test bulk tonnage potential near large, century-old open cuts.
The Golden Circle Project was acquired from Perry MacKinnon, a well -known Nova Scotian
geologist with extensive local experience to capitalize on Nova Scotia's renewed potential. It is
the result of many years of careful acquisition ensuring that the selec ted properties represent
some of the most prospective ground in the region.
Playfair reviewed 1,400 assessment files for these properties to assess program scenarios for
both high -grade and high -tonnage gold exploration. The opportunity at the Mount Uniacke
property clearly stood out followed by priority prospects at Wine Harbour and Country Harbour.
A convergence of factors has created a compelling opportunity for Nova Scotia's gold sector.
Historically rich in gold production yet underexplored by modern standards, the Province is re -
emerging as a premier jurisdiction for mineral exploration. Buoyed by all-time high gold prices and
a provincial government that is now implementing tangible, pro -investment policies that directly
mitigate regulatory risk, Nova Scotia presents a de -risked and high -potential environment for
investors seeking exposure to the precious metals market. The recent, significant progress made
by St. Barbara and NexGold provides a critical third-party validation of the jurisdiction's renewed
commercial viability.
The 120-year-old Treasure Map
The primary guide for this planned drilling project isn't satellite imagery or advanced geophysics
— it's a map and a theory developed in 1901 by E. R. Faribault. While mapping for the Geological
Survey of Canada at the West Lake Mine in the Mount Uniacke area, Faribault identified a key
structural feature designated as the “Crumple,” a parasitic fold as a focus of the area's gold-rich
shoots.
Faribault theorized that this "Crumple" , which he mapped at West Lake Mine, extended deep
underground, creating the potential for rich deposits in veins that had not yet been reached by
shallow 19th-century mining. A brief underground drilling program in 1932 seemed to prove him
right.
The Provincial Mines Inspector at the time reported that
the drilling was "sufficient to indicate that the leads (veins)
north of the Borden apparently followed the same system
of crumpling as projected by Dr. Faribault." However, after
this confirmation, no further work was done, and his
hypothesis was left untested for the better part of a
century.
Faribault’s original insight, highlighted by W. Malcolm in a
1929 government report, remains the foundational logic
for today's exploration. “In no part of the district has mining
been carried to any great depth, and it seems probable
that in many cases the workings have not been carried to
the bottom of the pay -shoots... The Crumple already
described... probably extends to greater depth and
produces rolls in other veins farther north that might be
worth exploring.”
Playfair’s Drilling Plans
Playfair plans a targeted three-prong drill program to test the “Crumple” at modest depths below
the shallow historical surface workings together with drill testing for bulk tonnage near historical
large open cuts. The three areas selected by Playfair for drilling are shown below using Faribault’s
1901 map as a base.
West Lake Mine Area
This initial drilling is designed to directly test the conclusion of E.R. Faribault, as reported by
Malcolm (1929), that veins north of the historic Borden Vein "may prove very rich at the crumple."
The program consists of two groups of three 100 -metre holes (600 metres total) each group
drilled from the same setup. The strategic objective is to test this specific, high -grade structural
target where the veins are predicted to be thickened by the "Crumple" at a relatively shallow
depth, providing a rapid and cost-effective validation of a long-standing geological thesis.
Central Crossing
This phase of drilling will consist of 10 locations with 3 shallow drill holes each (total 1,550
metres). It is designed to locate and explore the "Crumple" structure where it is projected to
intersect a major north -south vein zone, approximately 850 metres away from the well -mapped
West Lake Mine. The objective of this work is to delineate the scale and con tinuity of this critical
gold-bearing structure and understand its potential to host significant mineralization where it
interacts with, and potentially thickens, other known gold-bearing veins.
Open Cut Area
This component of the program will test an entirely different deposit model, leveraging historical
evidence of open-cut mining of low-grade material (estimated 2.8 g/t Au as per data reported by
Malcolm, 1929). This drilling, comprising four 100-metre holes and one 400 -metre hole (800
metres total), will test the potential for a high-tonnage, disseminated gold deposit. The rationale
is strongly supported by a poorly sampled 1995 drill hole (MU 95 -1) which assayed 2.6 g/t Au
from unremarkable core that was adjacent to unsampled sections, underscoring the potential for
a much larger mineralized system than previously understood.
Exploration Budget
The scope and estimated cost of the proposed program are summarized below:
• Proposed Drilling: 2,950 metres , comprising 41 diamond drill holes across the three
distinct target areas at Mount Uniacke.
• Estimated All-Inclusive Cost: CAD $1,032,500, based on a cost of CAD $350 per metre,
including supervision and assaying.
The detailed exploration plan for the Golden Circle Project is available on Playfair’s website at the
following link Exploration Plan.
To see an explanatory video click Here .
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
The technical contents of this release were reviewed and approved by Greg Davison,
PGeo, a qualified person as defined by National Instrument 43-101.
For further information visit our website at www.playfairmining.com or contact:
Donald G. Moore D. Neil Briggs
CEO and Director Director
Phone: 604-377-9220 Phone: 604-562-2578
Email: [email protected] Email [email protected]
Forward-Looking Statements: This Playfair Mining Ltd. News Release may contain certain "forward-looking" statements and information relating
to Playfair which are based on the beliefs of Playfair management, as well as assumptions made by and information currently available to Playfair
management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, wi thout limitations,
exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic
factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental re gulation and
supervision, seasonality, technological change, indus try practices, and one -time events. Should any one or more of these risks or uncertainties
materialize or change, or should any underlying assumptions prove incorrect, actual results and forward -looking statements may vary materially
from those described herein.