The Hood River property is contiguous to the Ulu lease to the north, east and south. The property is held through a renewable, 20-year Mineral Exploration Agreement with Nunavut Tunngavik Incorporated. The highly prospective property encompasses 11,200 ha

A large number of high-grade gold showings occur throughout the property which provide for excellent resource expansion potential at multiple targets. The main exploration target for the property is shear-hosted gold mineralization similar to the Flood Zone on the adjacent Ulu lease. There is also strong potential to discover massive sulphide vein systems as evidenced by a new discovery in 2021 ~750 metres north east of the Flood Zone deposit.

The series of the gold showings and prospects that occur on trend and north of the Flood Zone are considered to be related to the ~5 km long Ulu Fold which hosts the Flood Zone and extends to the NFN Zone. At least five gold prospects have been identified to date on this key structural feature.