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Thunderstruck Resources

Exploring Mining-Friendly Fiji’s High-Grade Zinc, Copper, Silver and Gold Deposits

Overview

The Pacific Ring of Fire is home to a 12,000 km trend that contains rich gold and copper deposits. And while various countries located along the Ring of Fire have established mining industries, Fiji remains a hidden gem for the mining industry — one that’s ripe for exploration, development, and production.

Fiji is a country composed of over 300 islands and is best described as a hotbed for seismic activity. Fijian islands like Viti Levu, when combined with historical seismic activity, present favorable conditions for mining. In fact, Viti Levu contains an estimated 5.2 million ounces of gold and 4.9 million tonnes of copper. Plus, Fiji features an 80 year history of mining on the island, possesses an experienced mining workforce, robust infrastructure and a mining friendly government.

Thunderstruck Resources (TSXV:AWE,OTC:THURF) is a Canadian mineral exploration company with a promising portfolio of projects located on Fiji’s main island of Viti Levu. Recent and historical exploration data of these projects has confirmed the presence of zinc, copper and precious metals mineralization. This diversified project portfolio allows investors exposure to each of these markets. Thunderstruck Resources is led by a strong, experienced management team with decades of applicable experience in geology, mining and international finance.

According to Bryce Bradley, Thunderstruck’s CEO, Fiji presents the perfect opportunity for Thunderstruck Resources investors. In an interview with Adelaide Capital, she explains, “Fiji is really underexplored because of its remoteness. People were wondering, why invest in something so remote? Well, it’s precisely because it’s so remote that it has not been picked over and that it’s ripe for exploration. The Vatukoula Gold mine, located near the Thunderstruck projects, has been in operation for over 80 years. This means that there is a skilled labor force, the island is mining-friendly and that there is a fully-developed infrastructure.”

Thunderstruck Resources project portfolio covers approximately 3 percent of Fiji’s main island of Viti Levu. The company’s complete project portfolio consists of underexplored projects that have already indicated the presence of valuable minerals. Liwa Gold, the company’s flagship project has had geochemical and geophysical programs conducted recently, indicating the potential to become a high-grade gold and silver-producing project. A maiden drilling program and further exploration commenced in the fall of 2021.

There have been four priority gold zones identified throughout the Liwa Gold project, over 3km, with each area having promising rock and soil sample results that indicate the presence of high-grade gold and silver. Multiple geochemical and geophysical survey campaigns have provided further evidence of high-grade precious minerals.

Thunderstruck Resources’ Company Highlights

Thunderstruck Resources has an impressive portfolio of projects located on Viti Levu, the main island of Fiji
Fiji is located on the Ring of Fire, which contains hundreds of volcanoes that have created mineral-rich areas
Due to its remoteness, Fiji has remained largely unexplored, which presents a valuable opportunity to Thunderstruck Resources and investors
Fiji does have a history of long-running mines, creating a strong infrastructure and trained workforce
The company’s flagship project contains four priority gold zones, with multiple testing and sampling methodologies indicating the presence of high-grade gold and silver
The rest of the company’s portfolio contains prospects with gold, silver, copper and zinc.
Thunderstruck Resources is led by a strong management team with decades of applicable experience

Thunderstruck Resources’ Key Projects

Liwa

This project is located on Fiji’s largest island, Viti Levu. The Liwa project has four high-grade gold prospects within a 3-km structural corridor. Thunderstruck’s recent geochemical and geophysical surveys returned the following:

Liwa Ridge saprolite trenching returned 0.61 g/t Au over 71 m including 1.2 g/t Au over 26m, and surface vein float up to 11 g/t Au
Lower Vatuvatulevu soils anomaly returned 8 soils over 160 m ridge line including 5 returning 707, 804, 894, 1050 and 2,480 ppb Au in soil. Follow‐up surface prospecting yielded a single float rock assaying 42 g/t Au and 1,205 g/t Ag
Jensen’s prospect 55 g/t Au in outcrop of narrow base metal rich vein
Gun Showing rock float returned 0.44 g/t Au, including 25.5 g/t Ag

The project has a five year Special Prospecting License (SPL) and landowner agreements in place, the maximum allowed under Fijian law. The Liwa Gold exploration project is owned 100% by Thunderstruck Resources and is actively being explored.

Korokayiu

This 136 square kilometer project contains a high-grade zinc-copper mineralization that was discovered and drilled by Anglo Pacific in 1977. The results indicated the presence of a mineralized zone that contained zinc, copper and silver.

A 2019 drill program comprised 7 drill holes, totaling 904 m, and verified the presence of historically reported zinc-copper massive mineralization, and in select holes more than doubled historically reported results.

Korokayiu Cu-Zn Deposit 2019 Significant Diamond Drill Intercepts

Rama

Historical drilling on this copper/gold porphyry was conducted by Anglo Pacific in 1975. Results returned 244m at 0.22 percent copper between six and 250 meters, along with 0.23g/t gold between 6 and 72 meters. Further soil sampling produced similar numbers, 240m average 0.27 percent copper and 0.15 g/t gold.

Thunderstruck Resources recently doubled the copper-gold target to 1.5 kilometers in length by using systematic soil sampling, which led to the discovery of the Senikura gold zone. This new gold zone trenched 0.55 g/t gold over 38m, including 0.96 g/t gold over 11m in a weathered outcrop. Thunderstruck Resources is currently conducting exploration operations into the newly discovered gold zone. This project is 100% owned by Thunderstruck Resources.

Nakoro

This project is characterized by the presence of a zinc-copper volcanogenic massive sulfide deposit. Anglo Pacific previously intersected this deposit and yielded high-grade values, including 12m at 12.7% zinc and 0.3% copper. This project is 100% owned by Thunderstruck Resources. Nakoro shares similar VMS mineralization to the Korokayiu prospect.

Thunderstruck Resources’ Management Team

Bryce Bradley – President & CEO, Co-Founding Director

Bryce Bradley (CEO/President) With a strong background in Capital Markets and Investment Banking, Ms. Bradley has facilitated the structuring and financing of dozens of private and publicly traded small and micro-cap companies. She founded and served as President of two Canadian merchant banks focused on capital raising and advisory services for mining exploration companies. Ms. Bradley co-founded and financed Thunderstruck Resources and has served as Director, President and CEO since securing its suite of Fijian assets and taking the company public on the Toronto Stock Exchange in 2013.

Wilson Michael – Chief Financial Officer

Wilson Michael is a Fijian national and has acted as CFO for other resource companies in Fiji. He is familiar with industry-specific accounting requirements and brings a sound knowledge of Fijian business practices and regulatory issues. He previously worked in various roles as an accountant, CFO and manager for a variety of companies in the Pacific Islands, including property developers, international shipping operators, mobile phone companies and local municipalities. He is an Associate of the Institute of Chartered Secretaries and Administrators.

Rob Christl – VP Business Development & IR

Mr. Christl is an early supporter and long-term shareholder of Thunderstruck. In 2015 he completed his Exempt Market Products Course (EMD), raising money for both public and private companies with Robson Capital, of Vancouver Canada. In 2018 Rob joined Thunderstruck as Investor Relations Manager, building the Company’s shareholder base through direct communication and social media platforms. Rob brings a wealth of capital raising and marketing experience to his role at Thunderstruck, with a vested interest in the Company’s success. During the last year, Rob has been steadily growing Thunderstruck’s exposure in the market by engaging and building relationships with brokers, funds, investors and other industry groups. He will continue to do this in his new role, effective February 2021, as VP Business Development and Investor Relations.

Brien Lundin – Co-Founder and Chairman of the Board

Brien Lundin is a co-founder and Director of Thunderstruck Resources, Ltd. His decades-long career has included analyzing and speculating in the metals, mining and technology sectors. Lundin also serves as President and CEO of Jefferson Financial, Inc., a private company that hosts the annual New Orleans Investment Conference, which is now in its 47th year of educating investors. In addition, he edits and publishes Gold Newsletter, which stands as the oldest continuously published precious metals and mining advisory, having served as the cornerstone of the industry since 1971.

Lawrence Roulston – Director

Lawrence Roulston is a mining professional with over 35 years of diverse experience as a mining analyst and consultant. He is Managing Director of WestBay Capital Advisors, providing business advisory and capital markets expertise to the junior and mid-tier sectors of the mining industry. Previously, he was the editor of Resource Opportunities, an independent investment publication focused on the mining industry. Roulston holds a B.Sc. in geology. He is Chairman of Metalla Royalty and Streaming Ltd. and an advisor to Metallis Resources Inc.

Linnea von Hessert – Director

Linnea von Hessert is a geologist with over 20 years of experience in the mining industry, having worked for majors and juniors as well as the Bureau of Land Management in Nevada. She is an active investor with significant holdings in the mineral exploration industry. She graduated from the University of Montana with a B.S. in geology in 1999.

Tookie Angus – Advisor

Tookie Angus has spent the last 40 years focused on the structuring and financing of significant international exploration, development and mining ventures. Angus is the former chairman of the board of B.C. Sugar Refinery Ltd.; he was a director of First Quantum Minerals until June 2005, a director of Canico Resources Corp. until its takeover by CVRD in 2005, and a director of Bema Gold until its takeover by Kinross Gold in 2007. More recently, he was managing director of mergers and acquisitions for Endeavour Financial, a director of Ventana Gold until its takeover by AUX Canada Acquisition in 2011, and a director of Plutonic Power until its merger with Magma Energy in 2011. He was until recently Chairman of Nevsun Resources Ltd. He is currently Chairman of K92 Mining and Sun Summit Minerals.

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Silver Dollar Resources

Fully Funded and Drilling its Flagship Project in the Prolific Mexican Silver Belt

Overview

Eric Sprott is a billionaire investor who has committed a major portion of his investments to the mining industry. This amounts to around $200 to $300 million of his wealth. In 2019, Sprott announced that he prefers to invest in junior mining companies as opposed to major mining companies given their potential for making new discoveries and higher growth.

As investors seek entrance into the mining industry, they will likely find Mr. Sprott’s recent investments to be of particular interest given his successful track record. Coattail investing is an increasingly popular and simple investment strategy in which an investor mimics the investments of a renowned investor like Eric Sprott.

One such example is Silver Dollar Resources (CSE: SLV, OTCQB: SLVDF, FSE: 4KW), where Mr. Sprott is a co-founding shareholder and now owns approximately 17% of shares issued. Silver Dollar is a mineral exploration company with an aggressive growth strategy, having acquired its flagship La Joya Silver Project within three months of going public last year.

The company is led by an experienced management team with 100 years of collective experience in exploration, mining, and the capital markets. Also, Silver Dollar’s two technical advisors are past recipients of the PDAC Thayer Lindsley International Mineral Discoveries Award for discovering over a billion ounces of silver and 10 million ounces of gold in their careers.

Silver Dollar is fully funded to execute its 2021-2022 exploration plans with approximately $10 million in the treasury. The bulk of these funds stem from a financing closed last year with lead orders from Mr. Sprott and First Majestic Silver Corp. (TSX: FR, NYSE: AG, FSE: FMV), who is now also one of Silver Dollar’s largest shareholders with approximately 14% of shares issued.

The company boasts a tight share structure with 41,847,237 shares issued, 3,200,000 stock options with an average exercise price of $1.48, and a total of 45,047,237 shares outstanding on a fully diluted basis.

Silver Dollar’s Company Highlights

A mineral exploration company with an aggressive growth strategy.
Fully funded for drilling on the company’s flagship La Joya Silver Project located in the mining-friendly state of Durango in the heart of the Mexican Silver Belt.
Eric Sprott is a co-founding shareholder who currently owns ~17% of shares issued.
First Majestic Silver, one of the largest silver producers in Mexico, is also a strategic investor who owns ~14% of the shares issued.
The company is led by an experienced management team with 100 years of collective experience in exploration, mining, and the capital markets.
The company’s technical advisors include two past recipients of the PDAC Thayer Lindsley Award for their history of world-class mineral deposit discoveries.
Evaluating potential spinout of Red Lake gold assets into a separate public company.
Actively reviewing additional drill-ready projects in mining-friendly jurisdictions for potential acquisition.

Silver Dollar’s Key Project

La Joya Silver Project

Silver Dollar signed a definitive agreement in August 2020 to acquire up to a 100% interest in the La Joya Silver Project from First Majestic Silver. Located in the heart of the Mexican Silver Belt in the mining-friendly state of Durango, La Joya is strategically positioned near past-producing and operating mines that include Grupo Mexico’s San Martin Mine, Industrias Penoles’ Sabinas Mine, Pan American Silver’s La Colorada Mine, and First Majestic’s La Parrilla and Del Toro Silver Mines.

La Joya is an advanced exploration and development stage project, where the latest drilling returned the highest-grade silver, copper, and gold grades to date from the Main Mineralized Trend. This included a two-metre intercept of 1,778 g/t of silver equivalent or 62.7 oz/t of silver equivalent.

Silver Dollar believes the project has excellent potential for resource expansion based on newly identified areas that could host additional high-grade mineralization. The company has already received a permit to restart exploration drilling for the first time in seven years and is currently preparing drill pads on the property.

First Majestic Silver acquired the La Joya property in 2015 as part of its acquisition of SilverCrest Mines Inc. A total of 182 historical drill holes, totalling ~51,600 metres (m), have been completed on the property to date. This includes 125 holes, totalling ~36,041 m, drilled by SilverCrest between 2010 and 2014. In 2012, a historical inferred mineral resource estimate for silver-copper-gold (Ag-Cu-Au) and for tungsten-molybdenum (W-Mo) mineralization was calculated from 78 SilverCrest drill holes (25,812.65 m) and 11 validated historical drill holes (4,272.63 m). Silver Dollar has not completed the necessary data verification and work required to update the historical mineral resource estimate and does not rely upon it as being current.

Key assumptions, parameters, and methods used to prepare the historical mineral estimate:

89 holes totaling 30,085 metres (m).
Raw assay data was composited to 2 metres, capped at 550 gpt Ag, 5.5 gpt Au 6% Cu and interpolated into a block model using 5 m x 5 m x 5 m block size using inverse distance squared (ID2) methodology.
Silver equivalency formula assumes Ag:Au is 50:1, Ag:Cu is 86:1, based on US$24/oz silver, US$1200/oz gold, US$3/lb copper and 100% metallurgical recovery.
Mining and process costs assumptions not specifically stated.

In February 2021, Silver Dollar reported the results of a compilation and reinterpretation of all historical exploration data on the La Joya project. The database studies were performed by mining engineers, Tetra Tech Inc. and included the following highlights:

Newly identified areas demonstrate the potential to host additional high-grade mineralization.
Skarn hosted mineralization with similarities to a recent discovery in the area.
A fault kinematic study that highlighted additional targets.
Additional untested geophysical targets were identified.
A geochemical assessment of historical drilling data expands mineralization understanding.
Generation of a new 3D geological and mineralization model.

Silver Dollar’s Management and Advisory Team

Michael Romanik – President, CEO, and Director

Michael Romanik has over 15 years of resource exploration and public market experience with an emphasis on management, promotion, and corporate finance. He has built an impressive network of resource and investment industry contacts over the years and demonstrated a proven ability to utilize those relationships to advance Silver Dollar’s business objectives. Romanik has been the president and CEO of GoldON Resources (GLD-TSXV) since 2009.

Jeff Smulders – CFO, Corporate Secretary, and Director

Jeff Smulders is a semi-retired professional accountant experienced in financial management, taxation, and accounting. His career spans over 45 years including several years with a large accounting firm and 10 years with a major mining company. Smulders has managed his own financial consulting business for the last 25 years in which he assists and advises a wide variety of both private and public companies. Smulders is a director and CFO of GoldON Resources (GLD-TSXV).

Guillermo Lozano-Chávez – PGeo and Director

Guillermo Lozano-Chávez is a Professional Geologist with over 40 years of experience. Previously, he was vice president of exploration for NYSE-listed First Majestic Silver, where he was responsible for all exploration in and around five operating mines. From 2002 to 2012, he was the director of exploration for Silver Standard Resources, where he managed their Mexican exploration and oversaw their Peruvian and Argentinian exploration activities. Lozano-Chávez has also managed his own consulting firm since 1990, having worked for several major and junior companies in Central and South America. Before that he worked for the Penoles Group as an exploration geologist and mine manager.

Perry Durning – MSc. and Technical Advisor

Perry Durning is an economic geologist who has been involved in mineral exploration for over 50 years. Durning has focused much of his career on grassroots exploration in pioneering areas. He graduated with a B.Sc. in Geology from San Diego State University and an M.Sc. in Economic Geology from the University of Arizona. Durning has worked extensively throughout the western United States, Mexico, and Central and South America. He worked for Amax Exploration, SAGE Associates, and Occidental Minerals before becoming exploration manager and the then-president of Fischer-Watt Gold Co.

Frank (Bud) Hillemeyer – MSc. and Technical Advisor

An economic geologist who has been involved in mineral exploration for over 35 years, Bud has a proven record of discovery. He graduated from the University of California at Berkeley with a B.A. in Geology and from San Diego State University with an M.Sc. in Geology. Bud has conducted extensive exploration programs in the Western United States, Mexico, Honduras, and Costa Rica. He has worked with an array of clients including Kennecott, Meridian Gold, BHP, Mount Isa Mines, Hecla Mining, Crown Resources, Monarch Resources, Silver SSR Mining, Canplats Resources, and The Electrum Group.

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Denarius

Advancing Projects In High-Grade Mining Districts in Spain and Colombia

Overview

The Iberian Pyrite Belt is globally recognized as having one of the highest concentrations of volcanogenic massive sulfide deposits on Earth. The entire belt has more than 2 billion tonnes of ore, with an estimated 400 million tonnes remaining. Prior exploration also indicates that the Iberian Pyrite Belt contains gold, silver, copper, lead and zinc.

The Iberian Pyrite Belt is located across Spain and Portugal. It features a rich history of productive mining that dates all the way back to the Roman Empire. Overall, the average mineral production in Spain is 20,400,119 tonnes between 2009 and 2018. Over 100 minerals can be mined through Spain, with many of these minerals being located on the Iberian Pyrite Belt.

Denarius (TSXV:DSLV) is a Canadian junior exploration company dedicated to advancing mining projects that are located in high-grade mining districts. Its portfolio contains international projects ranging from exploration to near-term production of metal assets that can be leveraged across multiple markets.

Denarius’ flagship project is the Lomero-Poyatos Project, which is located in the Iberian Pyrite Belt in Spain. The historical production at this site was a minimum of 2.6 million tonnes of massive sulphide ore. In August 2021, Denarius received a mining permit for its Lomero-Poyatos project, allowing for exploratory drilling in select historical holes.

The Lomero-Poyatos project is a polymetallic asset that will allow Denarius to mine green metals, such as lead, zinc and copper, in addition to gold. Mining copper directly supports the global initiative towards embracing environmental technologies since copper is required for electric vehicles, wind turbines, solar powers and electric vehicle batteries. It’s estimated that copper demand will increase by 900 percent by 2030. Denarius is poised to capitalize on the increased demand for copper through its Lomero-Poyatos project.

Denarius also has two additional mining projects located in Colombia. Colombia is an OECD member country and has one of the lowest inflation rates in Latin America. Some experts predict that Colombia’s GDP will recover from the 2020 pandemic-induced plunge with a projected increase of 6.5 percent in 2021.

The two projects located in Colombia, Guia Antigua and Zancudo, are both located in historically productive high-grade mining districts. The Guia Antigua project is located in a mining district that has been in continuous operation for 150 years and has produced approximately 6 million ounces of gold, while the Zancudo project is located in a mining district that has been producing ore since 1793.

“Silver is becoming not only such an important thing as a metal but as an industrial metal. As part of all this new green energy that is going to be created, it’s going to be an important element in the making of batteries and conductors,” said Denarius Executive Chairman Serafino Iacono in a recent interview.

Denarius has issued 205,076,865 shares (299,300,565 on a fully diluted basis), creating a market capitalization of C$80 million. Approximately 27 percent of these shares have insider ownership, which shows the confidence of the management team. As of Q1 2021, it reports having US$32.4 million in total cash, US$10 million was used in April 2021 in connection with the acquisition of the Lomero Project and the balance is available to fund the Company’s exploration programs at Lomero and Guia Antigua.

Serafino Iacono is currently the executive chairman and interim CEO. Iacono brings over thirty years of experience throughout numerous natural resource projects around the world. He has raised billions of dollars for these projects throughout his career.

Denarius’ Company Highlights

Denarius is a Canadian junior exploration company with a diverse portfolio of high-grade mines. It is focused on developing projects located in historical productive districts in Spain and Colombia.
Each of the company’s assets is located near existing projects that are massively productive, which creates an existing robust infrastructure that allows Denarius to quickly advance their projects.
All three of the company’s projects have historically returned high-grade minerals that are consistent with their neighbors’ production.
The company has a management team that has international experience and brings plenty of operational expertise that may enable them to quickly advance projects.

Denarius’ Key Projects

Lomero-Poyatos Project

The Lomero-Poyatos project is the flagship project of Denarius. The deposit is located in the northeast section of The Iberian Pyrite Belt. The Iberian Pyrite Belt has been previously explored by prior ownership, who inferred that there are approximately 20.93 mt of resources at the following grades:

Gold – 3.08 g/t
Silver – 62.38 g/t
Copper – 0.90 percent
Lead – 0.85 percent
Zinc – 3.05 percent

As a polymetallic mine, this asset allows Denarius to produce green metals, which are estimated to grow in demand. The demand for these metals coincides with the transition to green energy since copper is required for wind turbines, solar panels, electric vehicles and electric vehicle batteries.

Close proximity to other high-producing projects means there is existing infrastructure that will allow Denarius to quickly develop this project. The site is serviced by water, power, and paved roads that lead to Seville, a nearby town. There are also several nearby villages that represent an opportunity for labor and accommodation.

The 2021 objectives for the Lomero-Poyatos Project are to commence 22,050 meters of drilling, along with metallurgy testing. The 22,050 meters of drilling include 14 drill holes to verify the results of historical drilling, 59 holes planned to infill the previous drilling, and 15 holes to extend the deposit.

Guia Antigua Project

The Guia Antigua project is located in the high-grade Segovia mining district. The mines in this district have historically produced 6 million ounces of gold.. Early exploration initiatives show that there is strong potential for more discoveries in the surrounding area.

This asset produced 78,558 oz silver and 1,174 oz gold from a total of 6,034 tonnes with an average grade of 404.90 g/t silver and 6.05 g/t gold between 2014-2016. In 2018, a rock channel sampling returned the grades of 7.645 g/t gold and 335.1 g/t silver, with a grade range of 0.012 to 133.7 g/t gold and <0.3 to 10,381 g/t silver.

The first phase of this project, which commenced in February 2021, calls for the completion of ongoing soil surveys. Several other exploration technologies will be employed to identify new trill targets and locations, which may include historically productive drill sites. Ongoing development is dependent on positive results from this phase of the project.

Zancudo Project

The Zancudo project includes the Independencia Mine, which has historically been productive. Furthermore, the asset is near GoldMining’s Titiribi project, which is a highly productive gold mine. This project also has an option agreement in place with IAMGOLD to further explore the area for minerals.

Production in this area dates back to 1793 and has been in constant production ever since. It was further developed in 1993 when it was acquired as a silver mine. Denarius acquired the project from GranColombiaGold in 2020.

There are currently seven identified drilling exploration targets that aim to explore locations that are believed to be rich in minerals. Progress has already been made on these exploratory drilling sites. However, the COVID-19 pandemic caused delays on completing the exploratory drilling objective. The company expects to complete the exploratory drilling sometime in 2021.

Denarius’ Management Team

Serafino Iacono — Executive Chairman and Interim CEO

Serafino Iacono has over thirty years of experience in capital markets and public companies and has raised more than $4 billion for numerous natural resource projects internationally. He is currently Executive Chairman of Gran Colombia Gold and is a former Co-Chairman and an Executive Director of Pacific Exploration and Production Corporation and a former director of Petromagdalena Energy Corp. Iacono was also a co-founder of Bolivar Gold Corp and Pacific Stratus Energy, among others, and is involved in numerous resource and business ventures in Latin America, Canada and the United States.

Mike Davies — CFO

Mike Davies is a Chartered Professional Accountant (Ontario) with over 20 years of extensive international and public company experience in financial management, strategic planning and external reporting in resource and other sectors, including management positions with PetroMagdalena Energy Corp., Coalcorp Mining Inc., Medoro Resources Inc., LAC Minerals Ltd. and Pamour/Giant Yellowknife Mines. Davies also holds a Bachelor of Commerce degree from the University of Toronto.

Jeff Couch — Director

Jeff Couch is a financial services executive with extensive experience in the natural resources sector having advised and raised capital for clients globally, with a particular focus on emerging markets. He works with Orion Resource Partners, a mining-focused private equity firm with $6 billion under management. Couch has worked with several financial services firms in Europe, including being Head of Investment Banking Europe for BMO Capital Markets (Bank of Montreal). Couch has also had senior investment banking roles with Credit Suisse Europe and Citigroup (Solomon Brothers). He has public board experience in both the London Stock Exchange and Toronto Exchange and has advised several governments on their natural resources capital requirements.

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CMC Metals

High Grade Silver in Underexplored Yukon/British Columbia and Polymetallic projects in Central Newfoundland

This CMC Metals Ltd profile is part of a paid investor education campaign.*

Overview

CMC Metals Ltd (TSXV:CMB) has acquired quality exploration properties from the West to the East coast of Canada in some of the most prolific mining jurisdictions in the world – Newfoundland, Yukon and British Columbia. The Company has secured a diverse portfolio of properties all of which have high quality mineral occurrences, are road accessible, range from early to advanced stage, include prospects in precious and base metals, and present exceptional exploration potential.

CMC’s flagship project, Silver Hart, is one of the highest-grade silver-lead-zinc +/- gold +/- copper exploration plays. CMC offers an excellent opportunity for value growth in the short to medium term for investors seeking to gain exposure in a silver focused portfolio.

CMC Metals Ltd (TSXV:CMB) was one of the best performing silver explorers in 2020. At its flagship Silver Hart Project, CMC is continuing to explore and identify new targets and is systematically exploring the entire property area for the first time since exploration commenced in the area back in the mid 1980’s. Through a combination of geochemical and geophysical investigations, geological mapping and prospecting, 3-d modelling, and up to 2,500 meters of drilling in Phase 1, the overall aim for 2021 is to increase known resources and better define the exploration potential within the Silver Hart and Blue Heaven claims. The medium term aim is to generate a sufficient level of resources in terms of both tonnage and grade to then warrant a decision to advance to project economic evaluation (current timeline: late 2022/early 2023).

The company’s silver focused properties include the Silver Hart and Blue Heaven claims (Yukon) and Rancheria South, Amy and Silverknife (British Columbia). These are complimented by polymetallic projects including Bridal Veil and Terra Nova in Newfoundland and Logjam (Yukon).

CMC is seeking joint venture partners for its Rancheria South and Bridal Veil projects as its primary focus will continue to be on its flagship Silver Hart project. The Company also owns a gold processing mill in Bishop, California which it is intending to sell.

The company boasts a strong capital structure, solid shareholder portfolio, and a lot of upside exploration potential. At current valuation CMC Metals (TSX-V:CMB) presents a low price entry point to investors to participate in an emerging silver player. With a strong diversified portfolio.

CMC Metals is backed by a strong technical team with experience in geology, geophysics, and resource estimation that is critical to the current stage of its exploration projects.

CMC Metals’ Company Highlights

CMC Metals has a robust and diverse portfolio of exploration projects including two high grade silver-lead-zinc projects (Silver Hart and Rancheria South) and three polymetallic projects (Bridal Veil, Terra Nova and Logjam).
The company’s flagship Silver Hart project in the Yukon currently comprises of high-grade silver-lead-zinc veins with proven grades 40 percent above the average grade of existing silver mines globally. The property also has significant the potential to host carbonate replacement deposits and skarns.
The Silver Hart and Rancheria South projects take advantage of significant positioning in the emerging silver district of Rancheria. The district is comparable to major silver districts such as Coeur D’Alene, Idaho which was one of the most prolific silver districts.
Its copper-gold polymetallic projects in Newfoundland leverage excellent infrastructure and exploration-friendly conditions in one of the world’s best mining jurisdictions.
CMC Metals stands committed to community participation and First Nations engagement. The company is currently working towards undertaking consultation efforts on its short to medium term exploration plans, and its commitment to maximizing socio-economic impacts and communications with surrounding communities and/or First Nations governments.
The company’s dynamic technical team and exceptional low-price-entry positioning make CMC Metals an excellent investment candidate as a serious player in the silver and base metals mining space.

CMC’s Projects

Silver Hart Project

The flagship Silver Hart Project consists of the Silver Hart and Blue Heaven claims with approximately 4,000 hectares of highly prospective ground for high grade silver-lead-zinc, gold and copper deposits. These claims located in south-central Yukon, are adjacent to each other and road accessible. To support advanced exploration programs, the Company has established a fully serviced 25-person trailer camp and with assistance from the Government of Yukon has been upgrading the 43-kilometer access road to site.

Silver Hart Claims

The 100% owned Silver Hart property comprises of 116 claims (2,017 hectares) within the emerging Rancheria silver district. Three mineralization styles are thought to occur at Silver Hart including: (i) high-grade silver-lead-zinc veins; (ii) skarns; and (iii) carbonate replacement deposits. To date the veins have been the focus of attention and they have been identified in several sub-zones within the Main Zone where they can be traced on surface along strike in excess of 1.4 kilometers.

The Silver Hart area has an extensive exploration history stemming back to the mid 1980’s. Early prospecting efforts identified high grade silver-lead-zinc veins at surface in the area that is now referred to as the Main Zone. Until 2019, several episodes of exploration focused solely on the Main Zone where over 190 diamond drill holes was completed along with 673 meters of adit development, bulk sampling, metallurgical studies engineering and environmental studies.

Since 2019, the Company has undertaken the first systematic exploration program of the entire property which has served to identify several major zones of mineralization and numerous drill targets in areas never previously explored. CMC has expanded its exploration footprint at Silver Hart by over 750%, completed airborne and ground geophysical surveys, an extensive geochemical soil and rock sampling program, integrated all data into a comprehensive 3-D exploration model, and recently completed a detailed geological mapping and prospecting effort of all of the exploration target areas.

On January 15, 2021, the company released a 43-101 compliant resource for Silver Hart prepared by Longford Exploration Services Ltd. of Vancouver, B.C. of inferred resources in four mineralized veins totaling 346,800 tonnes with 7,501,300 silver equivalent ounces with an average grade of 570 g/t silver equivalent, comprising of 301 g/t silver, 1.7% lead and 4.0% zinc. Contained metals within this inferred resource amounted to 3,942,000 ounces of silver, 14,572,100 pounds of lead and 34,573,700 pounds of zinc. The report recommended that additional drilling be completed to test the lateral and vertical extent of the known mineralized veins, along with completion of additional metallurgical, engineering and environmental studies. Infrastructure improvements to the access road and camp facilities were also recommended to help facilitate future exploration and pre-development efforts.

From this the Company has developed a comprehensive understanding of the mineralizing system and an exploration model which is it using as guidance in its current exploration and drill program.

The Company feels that there is significant potential to be able to add further resources by infill and deeper drilling of the known veins in the Main Zone, exploration of other mineralized zones (i.e. KW and South Zones), and pursuing carbonate replacement style targets. The high-grade nature of the current inferred resource at 570 g/t silver equivalent is 40% above the average grade of silver mines and 140% above the average grade of silver explorers/developed in the world.

Blue Heaven Claims

Blue Heaven consists of 121 contiguous mineral claims and are adjacent to the Silver Hart claims to the southeast. CMC Metals can earn a 100 percent interest in the property under an option agreement with Strategic Metals Ltd.

Like the Silver Hart claims, three types of mineralization occur on the Blue Heaven property.

There are 24 known occurrences of northeast trending high-grade silver-lead-zinc veins consisting of galena and sphalerite with varying amounts of pyrite, argentite, arsenopyrite, tetrahedrite and chalcopyrite. The best veins exposed are in the Blue and H zones which returned assays up to 12,396 g/t silver over 20 cm and 10,561 g/t silver over 94 cm, respectively.

Carbonate replacement style mineralization was found in 8 zones and consisted of galena and sphalerite mineralization associated with strongly oxidized, manganiferous siderite and jasperoid replacement zones. Chip samples from an excavated trench in the Desire Zone returned a weighted average of 5.0% lead, 3.6% zinc and 65.6 g/t silver over 35.8 meters.

Skarn mineralization was identified in five tungsten-copper showings and comprised of pyrite, pyrrhotite, chalcopyrite and scheelite. A trench in the Moar zone returned 0.3% WO3 and 0.31% copper over 3.5 meters.

Silver Hart is currently undertaking detailed mapping of the more prospective zones in an effort to define possible drill targets.

Current Activities on the Silver Hart Project

In summary, CMC has recently announced the commencement of drilling at its Silver Hart Project. The company is planning to drill up to 2,500 meters in Phase One as recommended in the 2021 National Instrument 43-101 Resource Estimation Report.

Pending exploration success and additional financing, the Company plans to undertake more significant drilling efforts, engineering and environmental studies, to complete a possible Preliminary Economic Assessment of the project by late 2022/early 2023.

Rancheria South Project

The Rancheria South Project consists of the Rancheria South, Amy and Silverknife claims in north-central British Columbia. All three properties are within a distance of one to 25 kilometers from the existing Silvertip mine and mill complex owned by Coeur Mining which is currently being upgraded and expected to resume operation in late 2021/early 2022.

Rancheria South Claims

The Rancheria South property consists of 12 mineral tenures covering 2008.32 hectares. The property hosts nine mineralized showings comprising of high-grade silver veins, silver-lead-zinc carbonate replacement occurrences and tungsten- copper skarns.

Highlights of the property include:

A total of 9 mineralized showings have been identified within the Rancheria South claims comprising high grade silver veins, silver-lead-zinc carbonate replacement occurrences, and tungsten +/- copper skarns. The most prominent showings include Switchback (Halliday), Luck and Gunnar Berg.

Switchback (Halliday) comprises of high-grade silver-lead-zinc veins hosted in quartz-carbonate within and at the edge of a granodioritic intrusion. The alteration envelope around the veins is locally up to 30 meters wide and includes chlorite, sericite, kaolinite, quartz and pyrite. A 14-tonne bulk sample taken from Switchback in 1999 assayed 1.30 g/t gold, 532.01 g/t silver, 29.1% lead, 13.9% zinc and 0.16% copper. The prospect has a historic resource of 36,287 tonnes grading 427.2 g/t silver, 20.78% zinc and 14.95% lead (2,441,730 ounces at 2,039 g/t silver equivalent)1.

Note1: CMC Metals Ltd. does not consider there to be a current resource at this Showing as details on work completed and estimations made by United Keno Hill Mines Ltd. are not sufficient to meet current resource reporting requirements under National Instrument 43-101.

The Luck (Lucky) showing is located near the Tootsee River and comprises of high-grade silver-lead-zinc veins with minor gold. Silver-bearing oxidized, clay/gouge alteration zones and quartz-carbonate veins occur in sheared granodiorite. Sulfides are generally oxidized but galena, sphalerite and tetrahedrite are found locally. Historical exploration has identified the existence of several conductors and subsequent trenching of one of the conductors revealed a strongly altered vein zone that has been tested over a 350-meter strike length with 8 rotary drill percussion drill holes (387 meters). One of the holes (LK 85-3) was reported to have intersected 4.5 meters of quartz carbonate veins and sericite-limonite-chlorite alteration that assayed 433.7 g/t silver over 1.5 meters. Assays of float material in this area have returned up to 17,088 g/t silver, 10% lead, 0.84% zinc, and 0.62% copper.

The Gunnar Berg Showing is located near a branch of the Tootsee River and contains galena, sphalerite, scheelite, molybdenum and silver bearing mineralization. Gunnar Berg comprises of banded and brecciated skarn outcrops and two discontinuous chip samples taken across 12 meters assayed 429.3 g/t silver. An eight (8) hole, 540-meter drill program completed in 1984 identified a breccia zone that is a sheet or tabular body and further exploration was recommended to delineate the higher grade zone. Additional prospecting, geological mapping, and a recent airborne geophysical survey have also served to identify an anomalous zone in excess of 500 meters by 500 meters that merits further exploration.

The Rancheria South Claims have the potential to host high grade silver-lead-zinc veins, carbonate hosted replacement deposits and skarns.

Note: The information on these showings and the historic assays was summarized from the BC Minfile and information provided by the Prospector. The Company notes that they have not verified these results in the field or with sampling at this time.

Amy Claims

The road accessible Amy Property lies 8 kilometers to the west of the Silvertip Mine complex. The Amy claims comprising of 16 mineral tenures (approximately 908.4 hectares) cover part of the Cassiar Batholith, a satellite plug and surrounding calcareous and non-calcareous sediments which in this area is a multikilometer extension of the same geological units that are mineralized in our Silver Hart Property. This highly prospective target stratigraphy extends southwards from our Rancheria South claims and transects the entire Amy claim block that is contiguous with the Rancheria South claims. A total of 7 mineralized showings have been identified within the Amy property comprising of high-grade silver veins and silver-lead-zinc carbonate replacement occurrences. The primary showing comprises of the Amy Showing which is a developed prospect comprising of a galena, sphalerite, pyrite, arsenopyrite, argentite, and friebergite “manto” body formed by replacement mineralization in folded Cambro-Ordovician Kechika Group metasediments. The property has been subjected to geological mapping, geochemical sampling, geophysical surveys and 742 meters of drift/adit development and approximately 33 diamond drill holes focussed on a mineralized zone with a known strike length of 170 meters (BC Minfile 104O 004).

Other mineralized zones and areas within the Amy claims include:

Cub Zone: a channel sample graded 1.88 oz/t (53.3 g/t) silver, 4.6% lead and 3.42% zinc;

Zone 2: trenching produced two samples grading (i) 11.4 oz/t (323.2 g/t) silver, 10.5% lead and 13% zinc; and (ii) 150.5 oz/t (4266.7 g/t) silver, 47.4% lead and 1.9% zinc;

NE anomaly: a soil anomaly measuring 500 by 300 meters where sampling have produced up to 9,200 g/t lead, 4,250 g/t zinc and >20 g/t silver and mineralized float found in the same area grading from 29.82-74.10 oz/t (845.4-1817.2 g/t) silver, 4.6-31.4% lead and 0.33-5.4% zinc;

Breccia Zone: mineralized float sample graded 22.29 oz/t silver (631.9 g/t), 4.82% lead and 2.22% zinc; and,

Unnamed Zone: mineralized float graded 47.1 oz/t (1,335.3 g/t) silver.

Highlights of the property include:

Underground development: The underground development at the 4450 level comprises 202 feet of adit cross cut and 633 feet of drifting along or parallel to the vein structure. The work was done on the 4450 level which exposed the vein approximately 60 feet below the surface.

Assays reported in the east drift from drilling indicated 19.08 oz/t silver, 0.64% lead and 7.78% zinc along a strike length of 35 feet with a width of 5 feet. Also, the underground development demonstrated that stoping blocks of at least 200 feet in length and a five-foot width exist at Amy. Average grade associated with these stoping blocks was 20.74 oz/t silver, 5.17% lead and 7.46% zinc.

There is deemed potential for increasing the resource estimate at Amy from possible extensions of mineralization at depth and along strike in the immediate development area. Also, several other favorable areas are known to exist on the property and were yet to be explored.
Preliminary metallurgical studies completed on a test sample grading 20.74 oz/t silver, 5.17% lead and 7.46% zinc provided recoveries of 90% silver, 90% lead and 92% zinc in conventional flotation test in combined zinc and lead concentrate cycles.
Surface development and drilling at Amy to date includes:
- 300,000 line feet of geochemical, EM and magnetometer surveying;
- 31,000 cubic feet of bulldozer trenching; and
- 10,498 linear feet of diamond drilling.
Geochemical studies identified four distinct anomalies. The Amy Prospect is one of these (anomaly #1). A trench in anomaly #2 had assay results ranging as high as 150.5 oz/t silver, 47.7% lead and 1.9% zinc and the majority of trenching results in anomalies 1, 2 and 3 ranged up to 13 oz/t silver, 10.5% lead and 17.2% zinc.

In summary, the area of prospectivity at the Amy Property is significant covering an area of over four kilometers in length and widths varying from 500 to 1,300 meters. Combined with the existence of a high-grade historical resource in a developed prospect that remains open to expansion and has the potential for possible similar discoveries, Amy has above average upside exploration potential.

Note: The information on these showings and related non 43-101 compliant historic resources are summarized by the BC Minfile and were included in information provided by the Prospector to the Company prior to acquisition. The Company has also not verified these results at this time nor conducted a field visit due to winter conditions.

Silverknife Claims

The Silverknife Property lies one kilometer by road, immediately west of Coeur Mining’s Silvertip mine leases. Silverknife comprises of 2 mineral tenures covering approximately 538.3 hectares. The Silverknife prospect represents a zone of known silver-lead-zinc mineralization distal to, and stratigraphically lower than the Silvertip Deposit and more proximate to the Cassiar Batholith (heat source). This presents opportunities for the discovery of mineralization associated with chimney-type feeders and mantos that may be related to the SilverTip mineralizing event.

Approximately 30 holes (2,334.7 meters) of drilling was completed on the Discovery Zone that transects both the Silverknife tenures and the Silvertip leases. Drilling to date has identified that galena and sphalerite replacement of carbonates with variable thicknesses has occurred. The presence of a thick mineralized limestone unit (up to 150 meters in thickness) with an overlying graphitic caprock is thought to mimic the dolomite-shale cap of the Silvertip deposit. Historical reports note that there is also potential to expand this zone along structures parallel to the Silver Creek Fault. Lead isotope studies have confirmed the genetic connection of this mineralization to the Silvertip deposit located approximately 700 meters east of the claims.

Other opportunities for potential mineralization within the southwestern portion of Silverknife tenures are yet to be investigated. In this area of the property, the McDame dolomite is overlain by the Sylvester Formation. This contact is where the mineralization is located at Silvertip and provides a possible large area over which manto-type mineralization might be discovered.

In addition, 30.25 line kilometers of induced polarization surveys and 1,115 soil samples at 25 meter intervals in the central portion of the property have served to identify six anomalous areas. Four of the anomalies are silver-lead-zinc targets. None of these targets are yet to be extensively investigated.

Silverknife therefore represents an excellent target for a carbonate replacement style deposit similar to the adjacent Silvertip Mine deposit.

Pursuit of a Joint Venture Partner and Current Efforts

CMC’s properties in the Rancheria South area have the potential to identify high grade silver-lead-zinc deposits that if developed could serve as a highly prospective alternate ore source for Coeur’s Silvertip mine. Rich geology and supportive mine development in British Columbia provide a highly positive outlook for the identification and development of resources at the Rancheria South Project.

Copper-Gold Polymetallic Projects in Newfoundland

CMC Metals has a robust portfolio of copper-lead-silver projects in Newfoundland in close proximity with Newfound Gold’s Queensway project. The company intends to commence preliminary work on the projects in the fall of 2021.

Bridal Veil Claims

Bridal Veil consists of 234 claims (3,992 hectares) with the property transected by the Trans-Canada Highway and located approximately 10 kilometers east of the community of Gander. CMC has an option to earn a 100% ownership of the property

Geologically the property is located within the Gander Zone that is currently being subjected to a high level of exploration activity as a result of the recent significant gold discoveries by Newfound Gold within their Queensway Project.

To date, exploration efforts at Bridal Veil have been limited to less than 15% of the overall property, but yet have served to identify several mineralized showings containing high grades of copper, silver, lead and other metals. The property has also been described as having potential to host a gold deposit.

Highlights of exploration results to date include:

historic grades associated with specific mineral occurrences on the property sampled in 2010 are as follows:

Bridal Veil:	4.6% copper, 5.2% lead and 1.0 oz/t silver
Abbott’s Ridge:	9.4% copper, 1.0% lead and 0.6 oz/t silver
Hidden Outcrop:	4.95% copper, 3.2% lead and 5.4 oz/t silver
Growler:	0.21% copper, 0.85% lead and 1.13 oz/t silver
Meggan’s Rise:	1.74% copper, 8.4% lead and 7.8 oz/t silver
First Burnt Pond:	0.93% copper, 10.2% lead and 5.7 oz/t silver

Lithogeochemical analysis and assays have identified mineral indicators that can be used to identify additional mineralization on the property. Gold, silver, lead, bismuth, and to a lesser degree molybdenum and tellurium correlate with copper. There are also broad correlations of bismuth, gold and lead with silver and bismuth correlates with gold.
Recent exploration efforts further examining the nature of the alteration and quartz stockwork zones, identified anomalous gold (i.e., 3.75 g/t in a grab sample). This is considered to demonstrate the potential for gold mineralization along with possible significant amounts of copper, lead and silver.
An induced polarization geophysical survey covering a small part of the southern portion of the property, identified an anomalous area that is yet to be explained and warrants further exploration by prospecting, trenching and/or drilling.
The northeast Gander Lake Subzone has received little exploration attention despite its geological similarities to the polymetallic (Cu-Ag-Au-Sb-Bi-W-Mo-In) mineralized and lithological correlatives in the Gander Zone of New Brunswick;

Collectively, within the explored portion of the Bridal Veil property (and in this part of the Gander Lake Subzone), most examples of mineralization in indications, showings and prospects, are characterized by epigenetic, structurally controlled, shear-zone hosted veins and vein breccia systems having a polymetallic arsenic-stibnite-gold-silver +/- copper +/-lead +/- zinc +/- molybdenum +/- tungsten +/- bismuth bearing character.

The property is vastly underexplored and merits advanced exploration to define drill targets.

Terra Nova Claims

The Terra Nova property consists of 71 claims located 30 kilometers northwest of Port Blandford in central Newfoundland. Access is from the town of Terra Nova via 12 km of transmission line road built for the Lower Churchill Falls power development. CMC has an option to earn a 100% ownership of the property.

The property lies within the Gander Zone. Highlights of the property include:

The property currently comprises of five mineralized showings: (i) the Copper Vein; (ii) Nancy’s gold vein showing; (iii) New Alteration Zone; (iv) the Silver Pit; and, (v) the Galena Vein Showing.
A grab sample collected at the Copper Vein Showing produced 354 ppb Au, 43.8 g/t Ag, 2.33% Cu and > 1,000 ppm W.
A grab sample at Nancy’s Gold Vein Showing have produced 6,812 ppb Au, 159.6 ppm Ag, 1,562 ppm Cu and > 1,000 ppm W.

The Silver Pit, looking east-northeast.

Samples collected from the Galena Showing have reported assays values of 953 ppb Au, 59.8 g/t Ag, 7.2 % Pb, and > 1,000 ppm W.

Galena Vein Showing. A) Transmission Line Crossing the Terra Nova Property, looking northwest; B) Galena Vein in Outcrop; C) Sample TN-20-08.

An alteration area of 12 square kilometers has been identified at Terra Nova and to date has been subjected to limited exploration. The potential has the potential to host mesothermal gold-polymetallic deposits.

Logjam – A Polymetallic Property in Yukon Available for Option

Logjam Claims

CMC’s 100%-owned Logjam property in the Yukon hosts over ten high-grade vein occurrences containing gold-silver-lead-zinc +/-bismuth +/- tungsten mineralization. The property has been subjected to exploration drilling (approximately 2,971 meters) and includes an historic non-compliant 43-101 resource of 70,144 tonnes with impressive grades of 3.02 g/t gold, 392.2 g/t silver, and 2-3% lead and zinc. CMC is willing to option the property in order to advance exploration efforts on it as it focuses on its flagship silver-lead-zinc properties in the Rancheria silver district.

Company Goals

CMC has established attainable goals for all of its projects.

At its flagship Silver Hart Project the goal is to focus on expanding resources with the aim to warrant a Preliminary Economic Assessment of the project by late 2022/early 2023.

At the Rancheria South Project, their goal is to identify a joint venture partner to undertake a resource evaluation program aimed at delineating sufficient resources to warrant development plans leading to the possible sale of ore to the nearby Silvertip mill owned by Coeur Mining Inc.

Early-stage exploration projects in Newfoundland, including Bridal Veil and Terra Nova present significant opportunity for polymetallic-gold discoveries. CMC is willing to entertain partnership opportunities on these projects.

Logjam is now available for option.

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Raindrop Ventures

Former Ivanhoe COO Builds Startup with Great Nevada Assets

Overview

Portfolio diversification is an important strategy when investing in exploration and mining companies as it reduces investment risks and increases the chance of discovery upside across different commodities and projects. However, not all mining companies and their assets are created equally.

Building a robust and diversified portfolio takes finding junior mining companies with attractive projects, but also requires the leadership to raise capital, obtain property and see geological trends worth investing shareholder money into. Investors seek to gain the perfect storm of top mining expertise and highly prospective mineral assets in precious and base metal mining when choosing a company with a strong management team that has a proven track record of success and an outstanding portfolio of projects under its belt.

Investors can find the perfect storm of top mining expertise and highly prospective mineral assets in precious and base metal mining in the Raindrop Ventures Inc (CSE:RAYN), an emerging company of highly experienced mining and capital markets executives whose objective is to create value by exploring and developing mineral properties in North America’s top mining districts. The company currently has a robust portfolio of gold, silver and polymetallic projects in the prolific mining jurisdictions of Nevada and Idaho.

Over the last 20 years, Raindrop’s leadership has uncovered major mineral discoveries, built a successful geothermal company and additional business developments valued over US$5 billion in value. Notable figures in this team include the company’s chairman, Daniel Kunz, who has been one of the driving forces of several multi-billion dollar valued mining companies such as US Geothermal (NYSE:HTM) and Ivanhoe Mines (TSX:IVN). Mr. Kunz was a part of Ivanhoe Mines’ effort in Mongolia where, in 2001, the company discovered Oyu Tolgoi, one of the world’s largest copper-gold deposits. During his seven-year tenure, the market capitalization value of Ivanhoe Mines increased from $400 million to $4.4 billion. Mr Kunz is currently CEO of Prime Mining Corp, a member of the TSX Venture 50, a near-term gold-silver producer at the historically productive Los Reyes project in Mexico.

On the technical side of the company, Raindrop’s VP of Exploration, G. Peter Parsley brings over 32 years of experience in mining and exploration. Mr. Parsley led the evaluation, drilling and initial economic assessment of the Guarichie Gold deposit in Venezuela, Illinois Creek Gold Project in Alaska, and several projects in the Goldstrike District in Utah and Nevada. He has extensive geologic experience at projects in Nevada, Idaho and Utah.

Raindrop’s accomplished management team and portfolio of highly prospective gold and silver projects positions the company as an attractive junior mining exploration company that is being led by mine finders and who have experience at producing significant shareholder returns.

Raindrop’s key Clover Mountain project in Idaho leverages exceptional exploration potential across 350 hectares of widespread mineralized land. The property lies in close proximity to successful projects such as Integra Resources’ Delamar and LLC’s gold mine in Nevada, which has produced over eight million ounces of gold since 1981. Clover Mountain could see similar high-grade gold yield as the company progresses its exploration efforts on the property.

In March 2021, Raindrop Ventures announced the acquisition of Liberty Gold’s Nevada gold project portfolio, which consists of three 100 percent owned projects (Anchor, Stateline and Sandy) and three 49 percent owned projects (Brik, Viper and Easter). The acquisition helps expand Raindrop’s access to the prolific Great Basin gold exploration projects and pushes the company beyond what other junior companies might achieve in such a short timeframe.

“We are a little bit unique given we have a lower burn rate than most with senior expertise. We’re lean and we had financing completed in February of this year, so we’re well-funded. That essentially allows us to have more patience and to make decisions without constantly chasing,” commented Raindrop Ventures CEO Alexander Kunz.

Building on its highly attractive project portfolio, Raindrop also announced the signing of a letter of intent to acquire the Jessup gold-silver exploration project in Churchill County, Nevada from JMX, LLC. The project has already revealed over 349 historic drill holes with numerous high-grade intercepts exceeding 5g/t gold grades and a 2018 measured and indicated resource of 275,000 ounces of gold and over 3.93 million ounces of silver( 331,800 ounces gold equivalent at 0.606 grams per tonne at a 69:1 silver-gold ratio).

The next steps for the company include completing acquisition of Jessup and undertaking extensive exploration there and atits newly acquired Anchor gold project, located in the Cortez gold trend in Nevada. The team likes the geology of the region and property and is optimistic that a new exploration thesis could expand the mineralization.

Raindrop Ventures’ Company Highlights

Raindrop Ventures Inc. is led by industry leaders in mining, mineral exploration and capital markets to acquire and explore high-quality projects across North America.
The company’s management team consists of mining experts and executives who bring years of combined experience in related fields and a proven track record of business development success valued at over US$5 billion.
The key Clover Mountain project in Idaho presents the company with exceptional exploration and high-grade gold discovery potential.
Raindrop acquired the Nevada gold project portfolio from Liberty Gold Corp. in March 2021. This portfolio consists of six high-quality gold and silver projects ranging from 100 percent and 49 percent ownership.
The company announced its letter of intent to acquire the Jessup gold-silver exploration project in Churchill County Nevada. The high-grade gold-silver asset would be an exceptional addition to Raindrop Ventures’ robust project portfolio
The next steps for the company include completing the acquisition of Jessup and exploration there and across its Anchor project and Clover Mountain property.

Raindrop Ventures’ Key Projects

Jessup Gold-Silver Project

The Project has had several historic campaigns of exploration and drilling starting in the 1980s and in 2018 a pit-constrained, heap leach modeled measured and indicated and inferred gold resource was estimated. The Project consists of 163 BLM claims, options on private ground including water rights and right of way for power, historical drill core and reverse circulation chips, historical and current drilling and assay data, geophysical studies, right of ways, federal and state permits, and other relevant data. 91percent of the resource is oxide with leach test recoveries between 75 percent to 89 percent for Au and 14 percent to 40 percent for Ag;

Clover Mountain Project

The Clover Mountain project is a greenfield exploration asset and epithermal gold-silver stockwork deposit approximately 60 miles southwest of Boise, Idaho. The property consists of 43 unpatented claims totaling 350 hectares and leverages strategic positioning in what Raindrop believes is the “Jarbidge Trend,” which hosts successful mining projects like Integra Resources’ Delamar and Florida Mountain and War Eagle gold-silver properties in Idaho.

The underexplored trend of Clover Mountain hosts several multi-million-ounce gold-silver and silver-gold deposits, including several polymetallic gold-silver-copper-zinc-lead deposits. Past exploration programs revealed rock chip samples upwards of 1.99g/t gold, 19.95g/t silver, 1.25 percent copper and 1.54 percent zinc grades. Recent trench sampling and field mapping have confirmed widespread mineralization and potential drill targets based on new geological assessments.

After its acquisition in 2018, the company has been quick to begin the exciting exploration and development of Clover Mountain. The first steps for this highly prospective asset included a US$133,000 Phase One exploration program, with geological mapping, prospecting, ground magnetic surveys, trenching and more.

Anchor Project

The Anchor Project is a Carlin-type sedimentary rock-hosted gold target located in the region of Devil’s Gate and the prolific Battle Mountain in Nevada. The project is advantageously positioned at significant intersection points with west-northwest striking fault zones, which could reveal exceptional mineralization potential. Anchor also consists of 54 unpatented federal lode claims and is 100 percent owned.

Anchor hosts several undrilled gold targets, which the company projects could mimic the discoveries of nearby projects like the four million ounces Ruby Hill gold deposit located 11 kilometers to the southwest. Historic exploration highlights gold grab samples of 1.83g/t gold grades, 11,000ppm arsenic and 1,030ppm antimony.

The next steps for the Anchor project include planning an extensive exploration program to unlock the property’s true gold discovery potential.

Nevada Gold Project Portfolio

The Nevada gold project portfolio consists of six highly prospective and high-quality gold properties acquired from Liberty Gold Corp. in March 2021. The portfolio includes three 100 percent owned and three 49 percent owned properties: Anchor, Stateline and Sandy and Brik Viper and Easter, respectively.

The Anchor project is a Carlin-type gold property with undrilled gold targets
The Stateline project is a low sulphidation gold-silver asset with high-grade gold values hovering 1.46 to 4.55g/t gold
The Sandy project is a sediment-hosted gold property with extensive exploration potential
The Brik project is a low sulphidation gold asset with drill intersections highlighting gold grades around 2.41g/t gold over 16.7 meters and 14.95g/t gold over 1.5 meters.
The Viper project is a low sulphidation epithermal gold asset with demonstrated gold grades upwards of 1.09g/t gold over 33.5 meters.
The Easter project is a low sulphidation epithermal vein-breccia-stockwork gold-silver deposit with existing historic resources and exceptional exploration potential.

Raindrop Ventures’ Management Team

Daniel Kunz — Chairman

Daniel Kunz has significant experience in mining, renewable energy, exploration, finance and operations. He is currently the CEO and President of Prime Mining Corp a successful exploration company that has grown significantly under his leadership. In addition to founding and working ten years to build U. S. Geothermal, Inc. into a successful energy producer that was sold in 2018 for C$200 million, Kunz was senior VP and COO of Ivanhoe Mines, Ltd. from November 1997 to October 2000. He was later president, CEO and director until March 2003.

Kunz was one of the driving forces in taking Ivanhoe mines into Mongolia where the company discovered Oyu Tolgoi, one of the world’s largest copper-gold deposits, in 2001. During his seven-year tenure, the market capitalization value of Ivanhoe Mines increased from C$400 million to C$4.4 billion.

Alexander Kunz — President, CEO & Director

Alexander Kunz brings to the company more than seven years of experience in the management and operations of precious metals exploration and development.

Kunz has been involved in management, corporate governance and operations; both in exploration and development. He has experience in both public and private companies and has been part of the management team or serving in an advisory role to several junior mining companies. Previous project jurisdictions include Alaska, Nevada, Idaho, Oregon, Bolivia, Mexico and Canada.

Kunz holds has business and legal experience in government and private practice as well as a J.D. and M.Sc. from the Creighton School of Law and a B.Sc. from Seattle University.

Satvir Dhillion — Corporate Secretary & Director

Satvir Dhillon has been involved in the development of companies primarily listed on the TSX Venture Exchange for about 20 years. He has held a variety of positions including investor relations, business development, senior management and board directorships.

As part of the management team at U.S. Geothermal Inc., the market capitalization value increased from C$2 million to C$250 million and it successfully became an Independent Power Producer. Dhillon is currently the president, CEO and director of iMetals Resources Inc and also sits on the Board of Equatorial Exploration Corp., UC Resources Ltd., and Earl Resources Ltd..

Scott Davis — CFO & Director

Scott Davis is a partner of Cross Davis & Company LLP Chartered Professional Accountants, a firm focused on providing accounting and management services for publicly-listed companies.

Davis’ 22 years of experience includes CFO positions of several companies listed on the Canadian Securities Exchange and the TSX Venture Exchange; senior management positions, including four years at Appleby as an assistant financial controller, two years at Davidson & Company LLP Chartered Professional Accountants as an auditor and five years with Pacific Opportunity Capital Ltd. as an accounting manager.

G. Peter Parsley — VP of Exploration

Peter Parsley is a professional geologist with over 32 years of experience in the mineral exploration business as both an exploration geologist and a mining executive. He has been an associate at Daniel Kunz & Associates, LLC since 2015 and before that served as VP of Exploration for Thunder Mountain Gold. In the mid-2000s Parsley served as CEO of TSXV-listed Triumph Gold Corporation and led the company through evaluation, drilling and initial economic assessment of the Guarichie Gold deposit in Venezuela and conducted gold and silver project evaluations throughout South America.

In the 1990s, he led a USMX, Inc. team that conducted approximately US$6 million of exploration work in the Thunder Mountain District in Idaho and was responsible for property evaluations in the western U.S. and the Illinois Creek gold project in Alaska. Before working for USMX, Inc., Parsley worked for Tenneco Minerals as the chief geologist responsible for regional exploration programs and mine development in the Goldstrike District in southwestern Utah and conducted regional reconnaissance programs in Nevada.

Parsley holds Bachelor of Science and Master of Science degrees in Geology from the University of Idaho.

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Camino Minerals

Exploring Highly Prospective, Undermined Copper Territories in the Peruvian Coast

Overview

From 2020 to 2021, copper prices increased 80 percent, resulting in an all-time high in 2021. These rising prices of copper coupled with the expected substantial increases in overall demand have made the copper industry a highly attractive market for investors.

Experts at Goldman Sachs project that the price of copper may rise 66 percent from $9000 per tonne to US$15,000 per tonne by 2025 to prevent inventory depletion and enable exploration and discovery for the long-cycle commodity. There is an increasing need for copper discovery as the global movement towards clean energy is expected to increase copper demand by anywhere from 600 to 900 percent by 2030.

Camino Minerals (TSXV:COR,OTCQB:CAMZF) is a Canadian mineral exploration and development company specializing in exploring, identifying, and acquiring copper through high-risk, high-reward discovery drilling projects in the Peruvian and Chilean coasts. The company is led by a highly experienced management team with previous significant achievements in the mining industry.

“This is the right time in the copper cycle to be drilling new projects and making new discoveries,” said Camino Minerals CEO Jay Chmelauskas.

Camino Minerals fully owns all of its projects. In June 2020, the company purchased the Los Chapitos property, and in March 2021, the company purchased the Maria Cecilia complex from Denham Capital, which is one of the largest resource funds in the industry at US$10 billion.

Camino Minerals’ flagship Los Chapitos project has drilling deposits in Chile and Peru that spans the Peruvian and Chilean coast. The project is part of the prolific belt of IOCG (iron oxide-copper gold) mineralization that extends along the Peruvian coastal margin and is supported by promising drilling samples. The company is also running the Maria Cecilia project which is a copper-porphyry resource in Peru and the Plata Dorada exploration project which is a high-grade vein system also located in Peru.

The Los Chapitos drilling project is strategically located in the IOCG belt near deposits that have produced high iron, copper, gold, and silver yields. Notable nearby mines include Minsur’s Mina Justa and Jinzhao Mining Peru S.A.’s Pampa de Pongo. Located in the same Chocolate Formation, the company believes Los Chapitos has the potential to contain a similar sized IOCG deposit to Minsur’s 400 million tonne Mina Justa mine that is only 100 km away.

Camino Minerals has conducted fieldwork and geological sample tests and plans to continue its successful drilling program on its Los Capitos project. The company has also begun fieldwork on Plata Dorada and is in the process of developing a drilling program for 2021 and 2022 on Maria Cecilia.

Following the closing of the Maria Cecilia property purchase, the ownership structure will include a strong portfolio of strategic partnerships including Delbrook Capital and Denham Capital in addition to management. These shareholders bring a valuable contribution to Camino Minerals through a rich history of project success.

The company’s anticipated success and nuanced insight into the mining industry are credited to its unique venturesome drilling exploration program and its exceptional management team. Camino Minerals’ management team boasts several decades of experience and accomplishments in copper mining and exploration and the corporate world. Going forward, the company hopes to make big copper discoveries by chartering highly prospective and undermined territory.

Camino Minerals’ Company Highlights

Camino Minerals Corporation (TSXV:COR,OTCQB:CAMZF) is a Canadian mineral exploration and development company specializing in exploring, identifying, and acquiring copper through venturesome discovery drilling projects in the Peruvian and Chilean coasts.
The company has three early-stage copper discovery projects including Los Chapitos, Maria Cecilia, and Plata Dorada.
Camino Minerals’ flagship Los Chapitos project is in the prolific IOCG belt that extends along the Peruvian coast and has already begun its drilling program with successful sample results.
The Los Chapitos project is a 22,000 hectare property that is located in a region near high-yielding large tonnage IOCG mineral mines such as Mina Justa and Pampa de Pongo.
Caminos Minerals fully owns all of its projects and has acquired a strong and valuable portfolio of owners through strategic partnerships including with Denham Capital and Delbook Capital.
The company is led by a highly experienced management team with several decades in the industry and previous significant achievements in the mining, exploration, and business sector.

Camino Minerals’ Key Projects

Los Chapitos

Camino Minerals’ flagship Los Chapitos project spans the prolific IOCG belt of the Peruvian and Chilean coasts and includes deposits in Mantos Blancos, Chile, La Candelaria, Chile and Mina Justa, Peru. Mineralization deposits in the project include IOCG which contain high grades and frequently contain coproduct metals such as silver. The project is located 15 km from the coastal town of Chala with access to water, power, and a major road network. Los Chapitos is also 100 km away from Minsur’s mine which previously discovered a 400 million tonne deposit.

IOCG deposit at the Los Chapitos project

Camino Minerals optioned Los Chapitos in 2016 and now owns the entire expanded tenement area which covers 22,000 hectares of land. Drilling programs on the property began in 2017 and continued until 2018 in the Adriana and Atajo zones and consisted of 19,161 metres of diamond and RC drilling. The programs successfully identified near-surface oxide copper manto and deeper structurally controlled high-grade sulphide mineralization.

In 2021, the company announced new rock chip sample results from the extensive Lidia Zone copper-gold system at the northern end of the Diva Trend at its Los Chapitos copper project Camino Minerals plans to expand exploration targets in the Diva Trend with a focus on large alteration anomalies in the north and large geochemical anomalies in the south of the previous drilling program. The company believes that the Los Capitos project is highly prospective for becoming a low capital SX-EW project.

Maria Cecilia

The Maria Cecilia project is located 450 km north of Lima, Peru and is in a metallogenic environment in the Cordillera Negra mountain. The 7,110 hectare property is believed to be at the centre of the porphyry complex that includes the Toropunto Epithermal deposit and Emmanuel Porphyry deposit.

The project is located near other exploration properties and mineral-producing mines including Esperanza, Pashpap, El Aguila and Pierina and it is considered to be geologically-similar to one of Peru’s largest copper mines, Antamina, which is 100 km away. Exploration in the Toropunto and Emmanuel projects was done with 32,120 metres of drilling completed between 2013 and 2015. Both projects have a combined tonnage of 125.7 including copper, gold, and silver. The Skarn Zone in Maria Cecilia has copper anomalies as high as 6.7 percent of copper and 110 g/t of silver.

The company is currently in the process of initiating a drilling program for Maria Cecilia in 2021 to target the undrilled centre of the large porphyry district, which the company believes will deliver significant copper yields.

Plata Dorada

The Plata Dorada project is located 158 km east of Cuzco, Peru and covers 3,800 hectares. The property contains predominantly continental sediments and is accessible all year round on paved highways and all-weather dirt roads.

The property has not had any systematic exploitation or exploration done beyond small-scale artisanal mining that dates back to the Colonial era. In September 2020, the company began fieldwork on the property and has identified high-grade vein systems with over 70 channel samples tested for metal content. Sample results include copper values as high as 8.7 and silver values as high as 1,500 g/t. Copper and silver mineralization is structurally controlled and consists of polymetallic quartz sulphide veins averaging 0.5 to 1.5 metres wide.

Diorite filling of argentiferous galena, sphalerite, limonite, goethite and epidote

This year, the company completed an exploration program at Plata Dorada and identified six new polymetallic veins, bringing the total to sixteen identified veins at the project. A rock chip sample taken along the Plata Dorada mesothermal trend identified a new copper and silver mineralized structure with a width of 0.5 m grading 1.19 percent copper (Cu), and 18.35 ppm silver (Ag). Camino also identified new areas of polymetallic vein mineralization south of the existing claim position and acquired 1,700 hectares (ha) of new claims for a total claim area of 5,500. ha

Camino Minerals’ Management Team

Jay Chmelauskas — CEO, President & Director

Jay Chmelauskas has 25 years of experience as an executive and geological engineer in the mining and industrial sectors. Chmelauskas is the former CEO of multiple start-up to production companies including Jinshan Goldmines Corp. which is now China Gold International and Rheominerals (Nevada). Chmelauskas also developed and consolidated Western Lithium Corp. with Lithium Americas Corp. (Nevada and Argentina) which has become a leading developer.

Justin Bourassa — CFO

Justin Bourassa has 15 years of global experience in management, development, governance and the reporting of private and publicly-listed mineral exploration and mining companies.

Keith Peck — Executive Chairman

Keith Peck has 30 years in Investment Banking as VP and Director RBC Dominion Securities, Haywood Securities and Vice-Chairman Yorkton Securities. Peck is the founder of Chilean copper producer Centenario Copper Corporation. Peck also has expert experience as a financier working in M&A, restructuring, business valuations and testimonies.

Olav Langelaar — Director

Olav Langelaar has 25 years of experience in the Canadian capital markets with specific expertise in mining operations and investment banking. Langelaar is the managing director at Dundee Goodman Merchant Partners which is a division of Goodman & Company, Investment Counsel Inc.

Kenneth C. McNaughton — Director, MASc, P. Eng

Kenneth C. McNaughton has 38 years of global exploration experience. McNaughton is one of the founders of silver and gold producers Silver Standard SSR Mining and Pretium Resources (currently SVP). McNaughton is also Chief Exploration Officer P2 Gold Inc.

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Falcon Gold

Generating and Exploring Precious Metal Assets in Prolific Jurisdictions Across the Americas

This Falcon Gold profile is part of a paid investor education campaign.*

Overview

Ontario has always been a premier jurisdiction for mining in Canada. However, one of Ontario’s earliest gold camps in the province’s northwestern region is showing signs of high-grade revitalization.

The town of Atikokan in Ontario is known for its two massive iron ore pits mined in the middle of the Second World War and operated until the late 1970s. The earliest gold exploration dates back to the 1800s, with significant production reaching upwards of approximately 52,000 ounces of gold and 174,000 ounces of silver in that period. With over 50 occurrences, prospects and producers of gold since Atikokan’s initial discovery, the gold camp boasts exploration potential for investors worldwide.

One such mining exploration company with a project in Atikokan is Falcon Gold Corp. (TSXV:FG,FWB:3FA,OTCQB:FGLDF). Its flagship Central Canada gold & polymetallic project leverages strategic positioning 20 kilometers east of Agnico Eagle’s Hammond Reef gold deposit. The world-class deposit currently has an estimated 3.32 million ounces of gold mineral reserves at 0.84g/t gold grading and an indicated mineral resource at 2.3 million ounces. The Central Canada project has a high potential to mimic this exceptional high-grade gold mineralization with further exploration and discovery.

In July 2020, Falcon acquired an additional 7,477 hectares of mineral claims consisting of 369 units in the highly operational Atikokan-based gold camp, expanding its three main property claims in the surrounding area. The Hammond Reef gold property on Central Canada lies on the Hammond shear zone, a northeast-trending splay off of the Quetico Fault Zone (QFZ). The flagship project’s other original Central Canada property lies on a similar major northeast-trending splay of the QFZ.

The company’s portfolio of mineral projects also include ones in prolific mining jurisdictions of Ontario, British Columbia and Argentina. In April 2021, Falcon created the Argentina-based Falcon Gold LatamARG S.A. to manage its South American exploration and development operations. This creation comes at an optimal time with the recent acquisition of the company’s Esperanza gold-silver-copper project in La Rioja, Argentina. Falcon intends to explore further interests in South America’s mining-friendly jurisdictions.

Future plans for the company include additional exploration and development of its mineral assets. It has already begun its 2021 work program on the Central Canada gold project, with initial activities focusing on the outcrop exposures and trench areas where Falcon’s geological team will be conducting detailed structural mapping. Expansive development of its Esperanza project in Argentina and 230,000-ounce historical resource validation is also in the works.

The Falcon Gold management team comprises mining and mineral exploration heavyweights, including CEO & director Karim Rayani and corporate advisor R. Stuart “Tookie” Angus. Angus brings unparalleled expertise as an independent business advisor to the mining industry and senior executive for several notable holdings companies. Together, the team primes Falcon for outstanding gold discovery and economic growth.

Falcon Gold’s Company Highlights

Falcon Gold Corp is a mineral exploration company focused on exploration, expanding and developing its robust portfolio of highly prospective precious metal projects in prolific mining jurisdictions of the Americas.
The company operates a robust project portfolio in prolific mining districts. These assets include the flagship Central Canada gold & Polymetallic project, Springpole gold, Burton and Camping Lake property in Ontario, Spitfire & Sunny Boy and Gaspard gold projects in British Columbia and recently acquired Esperanza gold-silver-copper project in La Rioja, Argentina.
The Central Canada gold project hosts excellent road access, gold mineralization and strategic positioning near Agnico Eagle’s Hammond Reef gold deposit, which contains a multi-million estimated gold resource.
Falcon created the Falcon Gold LatamARG S.A. in 2021 to manage its South American exploration and development operations on the high-grade Esperanza gold-silver-copper project in La Rioja, Argentina.
Falcon Gold operates a tight share structure and fairly low share count with less than 100 million shares outstanding. Its tight-knit management team owns approximately 20 percent of its shares.
The company has a world-class management team consisting of several mining, finance and geological heavyweights with years of experience in a diverse portfolio of related industries.
Falcon Gold’s common shares have been upgraded to trade on OTCQB Venture Market operated by the OTC Markets Group, New York. The Company’s US shares will commence trading on August 10, 2021- under its current U.S. symbol “FGLDF.

Falcon Gold’s Key Projects

Central Canada Gold & Polymetallic Project

The flagship Central Canada gold & polymetallic project consists of three key claims: the original Central Canada property and Hammond South and Hammond West properties. The total area spans 10,392 hectares over a historic producer with shaft and mill site capabilities and sits 21.5 kilometers each of Atikokan and 160 kilometers west of Thunder Bay. The project is accessible via highway and road access and leverages mining-friendly conditions.

Central Canada has two geological regimes. Its Northern claims contain a greenstone rock underlay dating back to the Archean age. The Southern claims of the property are covered by Sapawe Lake and underlain by iron formation and greenstone rock units that host Falcon’s gold and cobalt occurrences. Historical drill intersection results highlight mineral grades upwards of 0.64 percent copper, 0.15 percent cobalt, 1.1 percent zinc and 0.35g/t gold over a true width of 40 meters.

Falcon has conducted an extensive 17-hole drilling program totaling 2,942.5 meters of core. Every hole successfully intersected a highly altered felsic porphyry rock unit with significant pyrite, arsenopyrite, lead telluride and visible gold mineralization. The company expects to complete more concrete resource calculations and use sampling and logging results to undergo fire assay gold analysis to assess the project’s full potential.

Camping Lake Property

The Camping Lake property consists of five claims comprising approximately 2,250 hectares in the Red Lake mining district in Northwestern Ontario. The property leverages strategic proximity to Great Bear Resources, which recently reported high-grade gold discoveries. International Montoro Resources (TSX-V:IMT) has an option to earn a 51 percent interest in the Camping Lake property.

Historical exploration on the property includes petrographic studies; diamond drilling; rock, soil and lake sediment samples; IP/Ground Geophysics and more. The first phase of the Camping Lake 2020 exploration program consists of approximately 20 -line kilometers of ground VLF/EM geophysics and soil geochemistry.

Springpole West Property

The Springpole West property spans 4,440 hectares strategically located within four kilometers of First Mining’ Springpole deposit northwest of Red Lake, Ontario. The asset comprises 197 claims containing 217 units and garners accessibility via floatplane, ATV trail and winter road. The property has the potential to mimic similarly impressive indicated resource estimates as First Mining, which stands at approximately 139.1 million tonnes at 1.04g/t gold and 5.4g/t silver.

The claims cover 13.5 kilometers of strike length along a gold-bearing silicified mafic volcanic – sedimentary rock contact and a major property-wide fault zone. Historical work has indicated significant gold and silver values on the surface and at depth. Likewise, historical grab samples have revealed exceptional mineralization with grades up to 8.38 percent zinc, 16g/t silver and 0.05g/t gold.

Burton Gold Property

The Burton gold property consists of six patented and 16 unpatented mining claims covering approximately 356 hectares in Esther Township, Ontario. The property has advantageous positioning within the very actively explored Swayze Greenstone Belt renowned for hosting lode gold mines. The property also leverages close proximity to IAMGOLD Corp.’s Cote Lake deposit, which has an indicated resource of 35 million tonnes averaging 0.82g/t gold.

Historical diamond drill intercepts at Burton include 9.34g/t silver over an intersection length of 7.75 meters at the main Shaft zone and 12.47g/t silver over an intersection length of 3.13 meters at the East zone.

Spitfire & Sunny Boy Property

The Spitfire & Sunny Boy property spans 502 hectares in south-central British Columbia, 16 kilometers east of Merritt. The property boasts excellent infrastructure and access with narrow but high-grade veining and gold mineralization.

Sampling from 1974 revealed the main showing, Master Vein, hosted high-grade gold mineralization up to 1,433g/t gold. 2020 work program and channel samples have returned upwards of 122g/t gold over a meter and 59.8g/t gold over 2.2 meters. The asset has the potential to host additional vein structures downslope from the Master vein, which Falcon intends to explore in future development programs.

Gaspard Gold Project

The Gaspard gold project comprises three mineral claims covering 3,955 hectares in the Clinton mining district of central British Columbia. The property has year-round access with a robust network of active logging roads and favorable positioning nearby Williams Lake’s regional supply center for mining, logging and ranching.

The property is located approximately 26 kilometers south of the Blackdome gold mine project, which reportedly has indicated resources of 144,500 tonnes grading 11.29g/t gold and 50.01g/t silver. Gaspard has the potential to mimic this widespread mineralization and high-grade precious metal yield with its prospective anomalous grades of stream sediment samples.

Esperanza Gold-Silver-Copper Project

Falcon’s ERZA property consists of ten mineral concessions spanning an aggregate area of 11,768 hectares. The large land package leverages good road accessibility and great resource networks with close proximity to the town of Chepes within the Sierra de Las Minas district of La Rioja. Argentina.

The first discovery of high-grade gold mineralization occurred in 1865 at the Callanan occurrences, followed by limited mining conducted on a gold, silver and copper zone. Falcon intends to continue validating the historical workings of Esperanza and exploring this very high-grade system.

Falcon Gold’s Management Team

Karim Rayani — CEO & Director

For the past 15 years, Karim Rayani has focused on financing domestic and international mineral exploration and development. Most recently, Rayani was head of Bloomberry Capital Group, a Vancouver-based merchant bank and capital advisory firm. Prior, he worked independently as a management consultant and Financier. He is currently chair of R7 Capital Ventures Ltd; director of Fiber Crowne Manufacturing Inc., chair of District 1 Exploration Corp. Rayani has developed an extensive network of contacts throughout North America and Europe, focusing on Corporate Development and Finance.

Geoff Balderson — CFO

Geoff Balderson has over 20 years of capital markets experience, having worked in public and private practice. Balderson is a senior officer and director of several TSX Venture listed companies and currently runs a private consulting practice Harmony Corporate Services Ltd., providing corporate advisory, accounting, filing and secretarial services to many publicly traded companies. Before, Balderson was an investment advisor at Union Securities and Georgia Pacific Securities and a University of British Columbia graduate in Marketing and Sales Management.

James Farley — Director

James Farley has been involved in the capital markets for over 25 years, initially as a financial advisor and subsequently as a private businessman. He is currently a business consultant for the mining and oil and gas industries, specializing in Health Safety and Environmental management.

John Bossio — Director

John Bossio is a registered psychologist, having received a master of arts in counseling psychology from City University, Bellevue, Wash., in 2002 and a bachelor of science in family studies from the University of Alberta, Edmonton, in 1991. He is a member of both the Psychologists Association of Alberta and the College of Alberta Psychologists. Bossio is an avid investor and experienced board member. He has a network of contacts specializing in small-cap, publicly traded companies.

R. Stuart “Tookie” Angus — Corporate Advisor

Stuart “Tookie” Angus is an independent business adviser to the mining industry and is presently chair of K92 and chair of San Marco Resources Inc. and Kenadyr Mining (Holdings) Corp. He is the former head of the global mining group for Fasken Martineau. For the past 40 years, Angus has focused on structuring and financing significant international exploration, development and mining ventures. More recently, he was managing director of mergers and acquisitions for Endeavour Financial and was responsible for merger and acquisition mandates.

Angus is the former chairman of the board of BC Sugar Refinery Ltd. He was a director of First Quantum Minerals Ltd. until June 2005, a director of Canico Resource Corp. until its takeover by Brazil’s CVRD in 2005, a director of Bema Gold Corp. until its takeover by Kinross Gold Corp. in 2007, a director of Ventana Gold Corp. until its takeover by AUX Canada Acquisition Inc. in 2011 and a director of Plutonic Power Corp. until its merger with Magma Energy Corp. in 2011. He resigned in 2017 as chair of Nevsun Resources Ltd. following its acquisition of Reservoir Minerals in 2017.

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Sonoro Gold Corp

Developing Highly Prospective Precious Metal Projects in Mexico’s Historic Sonora State

Overview

Mexico’s Sonora State demonstrates why the country stands as a global leader in gold and silver production. This mining-friendly and resource-rich jurisdiction boasts excellent infrastructure, high-grade access roads and exceptional climate conditions, and hosts several world-class gold and silver mines that contribute millions towards Mexico’s aggregate mining GDP. Mining companies operating out of Sonora present investors with exciting discovery potential and leading economic gold prospects that rank amongst the highest in the world. Notable names in the area include Equinox Gold’s (TSX:EQX) Mercedes gold mine, Goldgroup Mining’s (TSX:GGA) Cerro Prieto gold mine, Agnico Eagle’s (NYSE:AEM,TSX:AEM) Santa Gertrudis gold project and Magna Gold Corp’s (TSXV:MGR) San Francisco mine.

One notable junior exploration company focused on Sonora State, Mexico is Sonoro Gold (TSXV:SGO,OTCQB:SMOFF), currently operating its flagship Cerro Caliche gold project and San Marcial gold & silver project. Sonoro Gold intends to develop a heap leach pilot operation at the Cerro Caliche gold project.

serona gold

“We not only have all the essential components to make a company successful, i.e., the people, the property and the ownership, but we have a very clear business plan of how to take this company forward, which is to move to production as quickly as we can, as professionally as we can, in order to generate cash flow. From cash flow, we can continue to expand the company,” commented Sonoro chairman & director John M. Darch.

In January 2018, the company’s wholly-owned Mexican subsidiary, Minera Mar De Plata, S.A. de C.V., entered into the first of five option agreements to acquire a 100 percent interest in Cerro Caliche’s mineral concessions and historical data. This agreement combines past data with results from Sonoro’s current exploration activities, now totaling 47,500 meters of drilling and more than 9.000 soil and rock samples. Comprehensive exploration has confirmed the existence of a broadly mineralized low-sulfidation, epithermal vein system, which could develop into a large tonnage resource suitable for open-pit mining.

In April 2021, the company announced the closing of its oversubscribed non-brokered private placement of 17,283,586 units at US$0.18 per unit for total gross proceeds of US$3,111,045. Sonoro intends to apply the net proceeds from the offering towards the development of its flagship Cerro Caliche project, including funding of its metallurgical testing, preparation of a 43-101 resource update and PEA, in addition to property maintenance payments.

As a junior mining company, Sonoro boasts an attractive capital structure and robust shareholder profile. The company’s market cap currently stands at US$17 million and the number of fully diluted shares stands at 131.39 million.

Sonoro Gold’s leadership is composed of top experts with years of combined experience in finance, construction, mine operations, international resources, venture capital and community relations. Its resource development and production heavyweights include notable names like John M. Darch, Kenneth MacLeod, Jorge Diaz and Melvin Herdrick.

Sonoro Gold’s Company Highlights

Sonoro Gold is focused on developing its highly prospective precious metal projects in the prolific mining district of Sonora, Mexico.
The Cerro Caliche gold project consists of four main high-grade gold zones that leverage exceptional infrastructure, mining-friendly conditions and fast-tracked production potential.
The San Marcial gold & silver project boasts strategic positioning near historic mine structures and resource-rich mineralization across the asset.
The company intends to conduct extensive drilling across Cerro Caliche and complete necessary environmental review and permitting.
The commencement of near-term production at Cerro Caliche is set for early 2022.
Sonoro Gold’s world-class management team consists of experts across numerous mining-related industries and primes the company for fast development and economic success.

Sonoro Gold’s Key Projects

serona gold

Cerro Caliche Gold Project

The flagship Cerro Caliche gold project sits in the municipality of Cucurpe, Sonora and hosts a group of concessions containing eight historic gold mining sites. The property takes advantage of strategic positioning in a pro-mining jurisdiction with first-class infrastructure and successful neighboring gold mines.

serona gold

The property has four major gold mineralized zones: El Rincón-Veta de Oro-Abejas; Japoneses-Buena Vista-Cuervos; Buena Suerte; and El Colorado-Cabeza Blanca. Each zone boasts approximately kilometer lengths of highly prospective high-grade gold mineralization. Assay highlights across the property include 12.19 meters at 11.3 g/t gold (El Colorado). 21 meters at 1.13 g/t gold equivalent (El Rincon) and 10.67 meters at 2.74 g/t gold equivalent (Veta de Oro).

Since project acquisition, Sonoro Gold has been quick to begin metallurgical testing, PEA and 43-101 resource reporting and an extensive 433 hole drilling program across 47,500 meters. It has already identified 18 gold mineralized targets with an additional four major mineralized zones with higher-grade gold discovery potential.

sonoro gold

Potential resource estimates for the property hover between 75 million and 100 million tonnes with a 0.3 to 0.5 g/t average gold grades and bottle roll testing demonstrating an average of 80.3 percent gold recovery. The Cerro Caliche gold project is on course to near-term production with the development of a heap-leach mining operation and mine development plan.

San Marcial Gold & Silver Project

The San Marcial property is located in the northern region of Sonora state, Mexico and leverages strategic positioning 20 kilometers east of the San Francisco mine, owned and operated by Magna Gold Inc. The property boasts excellent road access and infrastructure with locally high-grade gold and silver mineralization. Sonoro Gold Corp. owns 100 percent of over 1000 hectares of the property.

Previous work on the asset includes air track drilling and old mine development dating back to the early 1900s. The historic mine workings at Soledad and San Marcial mines demonstrate exceptional discovery potential with the presence of broader low-grade zones of disseminated-to-stockwork forms of mineralization. The property’s geological profile consists mainly of Jurassic sedimentary rocks, consisting of quartzite, shale, limestone and younger porphyritic intrusive rocks.

Sonoro is conducting a significant surface exploration program intended for data compilation and geochemical sampling to delineate anomalous zones for drilling. The company remains excited to continue exploring this highly prospective gold and silver asset.

Sonoro Gold’s Management Team

John M. Darch – Chairman & Director

John M Darch brings over 35-years of experience in the financing and management of natural resource-related projects in both the public and private sectors. In 1981, he co-founded the Vancouver-based Crew Group of Companies which created various natural resources companies including gold, diamonds, geothermal, coal, antimony, nickel and copper, tin and potash. Darch has successfully secured over US$300 million in private and public funds from North America, UK and Europe, through listings on the Stock Exchanges in Canada, USA, UK, Germany, Norway and South Africa.

Kenneth MacLeod – President, CEO, Director

Kenneth MacLeod has 35 years of experience as an entrepreneur, financier and executive officer in the resource and energy sectors, having served as the president, CEO and director of various public and private companies operating in the Americas, Asia and Africa. He served as president & CEO of Kakanda Development Corp. from 1994 until 2001 and for Western GeoPower Corp. from 2001 until its acquisition by Ram Power Corp. in 2009. MacLeod also launched and recently sold a private, successful Renewable Energy company currently operating in the Philippines.

Melvin Herdrick – Vice-President, Exploration

Melvin Herdrick is a professional geologist and a member of the SME-AIME professional mining organization. He has over 35 years of experience in mineral exploration in the US and Mexico. He has been involved in the successful discovery and re-evaluation of six economically viable deposits, with three in production and one in pre-production. He has extensive experience exploring gold, silver and copper deposits, uranium, iron, and nickel resource evaluations.

Herdrick has spent the past 20 years focused on discovering and developing gold and silver mineralized deposits in Northern Mexico. He is currently overseeing exploration at Sonoro’s Cerro Caliche deposit, where he recently identified a cluster of eight northwest-trending gold-dominant structures surrounded by parallel sheeted veinlets and stockwork veinlets. Herdrick also performed surface and underground sampling of the main mineralized shear vein at the company’s former Chipriona concession, which led to the project’s acquisition by Agnico Eagle Mines in 2016. From 2006, he served as VP of Exploration for Pediment Gold Corp. until its takeover by Argonaut Gold in 2011. During this time, he discovered the two-million-ounce Los Planes deposit at the San Antonio gold project in Baja California Sur and discovered one-million ounces of gold with significant silver at the formerly closed La Colorado mine, which is now back in operation.

From 1994 until 2002, Herdrick served as chief geologist for Phelps Dodge Mexico. He was the exploration geologist at the Morenci and Tyrone open-pit copper mines. He was involved in exploring and discovering multiple deposits, including the La Florida-Barrigon and Piedras Verdes copper deposits. Herdrick also served as the senior exploration geologist at Kennecott Copper, where he was part of the discovery team for the Vermillion River deposit and the Spar Lake deposit, now the Troy copper-and-silver underground mine.

Jorge Diaz – VP Operations Manager, Mexico

Jorge Diaz is a professional mining engineer with over 25 years of experience developing and constructing gold and copeer mines in Sonora, Mexico. He is also the founder of Interminera, S.A de C.V., a mining consulting, engineering design and construction service company based in Sonora, Mexico. In 2011, Diaz began exploring a gold property in Quiriego, Sonora bringing it to production in 2016 as a small-size open pit gold producer.

From 2009 to 2016, he served as the general manager of the San Antonio project for Argonaut Gold, overseeing land negotiations, environmental studies, engineering and operations design. From 2004 to 2006, Diaz was the general manager of the El Cairo project for Morgain Minerals overseeing design, construction and initial production. From 2002 to 2004, he served as general manager of the Mulatos Mine project for Alamos Gold, playing a leading role in developing a new mineral resource model and reengineering the project.

Curtis Turner – Director

Curtis Turner has over 15 years of experience in business and finance, including mergers and acquisitions, public reporting and operations, as well as community and government relations. He is currently the CFO for Rawhide Mining LLC, a producing heap-leach gold mine in Nevada, majority-owned by Coral Reef Capital, a private investment firm. Previously, Turner was the CEO and director of Candelaria Mining Corp. and held a senior management position at Argonaut Gold Inc., where he was a vital member of the team that completed four acquisitions totaling over $700 million. Before his position at Argonaut Gold, Turner was CFO at sodium cyanide manufacturer Cyanco International LLC., director of Finance at Yamana Gold Inc. and corporate controller at Meridian Gold Inc.

Stephen Kenwood P. Geo. – Director, Qualified Person

Stephen Kenwood has over 20 years of experience in the global mining sector, including 12 years in the management of junior exploration companies. He worked as a geologist with Cominco Ltd. on the Snip gold mine and as a project geologist on Eskay Creek’s polymetallic massive sulfide deposit. He also worked as a geologist at the Petaquilla copper-gold porphyry deposit in Panama.

Salil Dhaumya, CPA, CMA – Chief Financial Officer

Salil Dhaumya previously served as the CFO, principal accounting officer and secretary of Pan American Goldfields Ltd. He also served as a controller and general manager of Aquilini Investment Group, a private real estate development company. Dhaumya earned a Bachelor of Commerce (Honours) Degree from Panjab University, India, in 1985 and obtained a certified management accountant designation in British Columbia in 2004.

Neil Maedel – Executive Director, Corporate Finance

Neil Maedel is a Southeast Asia-based venture capitalist with an extensive background in the analysis and finance of small-cap companies beginning with The Minicap Analyst in 1988 and later Protrader Finanz AG, which were based in Switzerland and associated with numerous highly successful start-ups in North America. Maedel was the director of Business Development at Switzerland-based Manas Petroleum when it assembled a 5-country portfolio of large light oil prospects, ranging from high-risk exploration to discovery appraisal.

Maedal was also chairman of Pan American Goldfields, directing the executive team which turned around the troubled company, doubling its interest in its principal asset to 80 percent, while more than doubling the size of the resource from 800,000 to 2,000,000 AuEq ounces, as defined in a NI 43-101 compliant Preliminary Economic Assessment (PEA). In 2014, Maedel co-founded Kenadyr Resources, which is currently drilling to define high-grade gold zones now demonstrated to extend from ZiJin Mining’s TBL mine in the Kyrgyz Republic.

Katharine Regan – Corporate Secretary

Katharine Regan has over 25 years of experience in generating Business Development Programs across multiple industries in both the private and public sectors. Her particular expertise is in project development, administrative operations and corporate communications. As an independent consultant, Regan also assists companies in implementing and maintaining corporate governance, regulatory compliance and corporate social responsibility.

James Taylor – Director

James Taylor spent over 35 years as an investment advisor with several firms, including Canaccord Investment Corp and Yorkton Securities from 1980 to 2011; Richardson GMP from 2011 to 2014; and Dundee Goodman from 2014 to 2016. During his employment as an investment advisor, he participated in the financing of numerous exploration and venture companies that grew to success as significant mineral producers. Taylor also serves as a director at Auston Capital and Captiva Verde Land Corp.

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Fabled Silver Gold

Exploring and Developing High-Grade Silver Assets in the Prolific Jurisdiction of Mexico

Overview

Mexico produces more silver than any other country in the world, and the city of Parral in Chihuahua, Mexico, is exceptionally special. After the discovery of silver in 1631, San José de Parral was established as a mining town and later declared “the capital of the silver world” by King Philip IV of Spain. The district continues to be a significant center for silver mining and presents companies operating in the area with a world-class opportunity for silver discovery and high-quality exploration.

Fabled Silver Gold (TSXV:FCO,FWB:7NQ,OTCQB:FBSGF) is focused on acquiring, exploring and developing properties that yield high-grade, near-term metal production. It is currently operating its high-quality Santa Maria silver-gold project in Parral, Mexico.

santa_maria_project

CEO Peter Hawley, an industry titan with more than 35 years in the industry overseeing exploration, development and production, officially came out of retirement to oversee the early stages of growth and development for Fabled Silver Gold and its ongoing projects.

The city of Parral in Chihuahua, Mexico has a rich mining history and has produced over 250 million ounces of silver to date. Operating out of this district strategically positions Fabled Silver Gold to leverage its mining-friendly conditions, and the company has built strong community relationships.

The Santa Maria silver-gold project hosts a strong foundation for growth. All 21 veins discovered to date are on surface and open on strike and at depth have the potential for expansion and deep exploration. The project site has significant infrastructure, including access to paved and dirt roads and grid power.

In March 2021, Fabled announced its trading commencement on the OTCQB Venture Marketplace. This graduation demonstrates its fast-growing potential as a serious contender in the silver mining space and exposes the company to a much broader range of US investors.

The next steps for the company include an 8,000 meter drilling program over the Santa Maria property. The company has already published five drill hole results of the approximately 30 intended for drilling. With additional sampling, geophysics and exploration, the project could see similar success to neighboring deposits such as Silver Crest’s early-stage Las Chispas project.

The Fabled Silver Gold management team brings together a proven track record of success in technical experience, local expertise and capital markets. Their experience and dedication to the Santa Maria project prime the company for significant high-grade silver discovery and economic growth.

Fabled Silver Gold’s Company Highlights

Fabled Silver Gold is a mineral exploration company focused on exploring, acquiring and developing high-quality and near-term metal projects.
The company’s flagship Santa Maria silver-gold project leverages the mining-friendly conditions of the Parral jurisdiction in Mexico. The prolific district hosts a rich mining history and widespread high-grade silver mineralization.
Santa Maria presents the company with an option for 100 percent ownership. The projects’ unique structure and vein system opens the possibility for expansion and silver discovery with an extensive drilling campaign currently in the works.
The property hosts a NI 43-101 resource of 3.24 million ounces of indicated and 1.1 million ounces of inferred silver equivalent mineralization. It has favorable epithermal veining, and 21 veins have been discovered to date at surface level.

Fabled Silver Gold’s Key Projects

Santa Maria Project

The Santa Maria gold-silver property is situated in the center of the Mexican epithermal silver-gold belt in the mining-friendly Parral district in Chihuahua, Mexico. The district hosts multiple major operators in the vicinity and has excellent infrastructure, including accessible roadways, grid power and skilled labor networks. Fabled has the option to own 100 percent of the property from Golden Minerals Company (TSX:AUMN,NYSEAMERICAN:AUMN).

The property hosts a high-grade silver-gold mine with a robust vein system. Twenty-one veins have been discovered to date on surface level and all veins appear to be open on strike and at depth. Additionally, surface samples from 14 veins show elevated gold and silver values, with the remaining veins never sampled.

santa_maria_project

In March 2021, the company completed six diamond drill holes with assay results reporting five silver-bearing north to south structures. Mineralized grades from this campaign returned 1.40 g/t gold, 862 g/t silver and 934.02 g/t silver equivalents.

The project presents Fabled with immense discovery opportunity, and has an existing NI 43-101 resource of 3.2 million ounces of indicated and 1.1 million ounces of inferred silver equivalent mineralization. The unique ore body structure and identified anomalies make this project all the more special. Advancement of drilling and expanded exploration efforts are in the works for Santa Maria.

Fabled Silver Gold’s Management Team

David Smalley, BA, LLB — Chairman of the Board

David Smalley is a corporate finance and securities lawyer who has practiced for 28 years. He has been a director and officer of public companies for over 19 years. Smalley was one of the founders of Canaco Resources.

Peter Hawley, BSc, PGeo — CEO, President & Director

Peter Hawley is the co-founder of Fabled Silver Gold Corp, then Fabled Copper, as well as founder of Scorpio Mining Corporation, renamed Americas Gold and Silver Corporation. Hawley is also the co-founder of Niogold Resource Corp and has over 35 years of mining industry experience that spans grassroots exploration through to development and production.

Luc Pelchat — Director

Luc Pelchat is the founder and president of the Canadian Chamber of Commerce in North Mexico. Following 24 years with a Canadian multinational company operating in the construction industry, Pelchat formed many of his own companies and has realized multiple projects in the construction industry in Mexico. He has extensive business, financial and human resources experience in Canada, Mexico and Africa. Pelchat is currently a director of Scorpio Gold Corp, listed on the TSX Venture Exchange.

Michael Harrison — Director

Michael Harrison was previously an investment banker and CDO for Planvest Capital in Vancouver from 1987 to 1992. After, he was the CDO of Biocoll Medical., a biotech company that successfully commercialized its technology and divested it to GenSci Regeneration Sciences Inc. From 2016 to 2020, Harrison was the Chairman, CEO and founder of Pebble Labs in Los Alamos, New Mexico, and he is currently the CEO of Batik Resources Inc., a junior exploration company interested in gold mining in Indonesia.

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Sterling Metals

New Silver Discoveries in Newfoundland

Overview

Mining is one of the biggest industries in Canada, generating C$97 billion in 2018 — or 5 percent of the country’s GDP. The country is one of the world’s largest producers of uranium and gold but at one time, over 100 years ago, it was a top silver producer as well. In the early 1900s the country boasted two of the greatest silver discoveries in the world. Keno Hill, in the Yukon, and the Cobalt District in Ontario, contributed over 15 percent of the world’s silver. Since then, there has not been a discovery that comes close to equaling the significance of these two deposits and Canada no longer finds itself in the top 10 of silver producing countries worldwide.

In recent years, preliminary work has been completed on a small project in Newfoundland that has led to comparisons with these great silver districts from the past. Sterling Metals (TSXV:SAG) is a mineral exploration company currently exploring this exciting new potential district. Named after the shape of a pond on the project which local lore suggested resembled a Sail, the company presently has the option to earn a 100 percent interest after C$500,000 in spending by September 23, 2021 and another C$1 million by September 23, 2023.

Sterling Metals CEO Mathew Wilson describes the Sail Pond project as “A completely new discovery that while early, shows a potential district sized footprint with world class silver and copper grades on surface along at least a 12 kilometer strike.”

Over the last three years, approximately C$1.5 million has been spent preparing this project for drilling. Work is currently being completed by its partner Goldspot Discoveries (TSXV:SPOT) to use advanced technology to combine the datasets and determine the best drill locations. This drilling will hope to uncover the source of the surface footprint, of which grab samples have yielded up to 6,784 grams per tonne of silver equivalent. The company is fully funded for an aggressive initial drill program this spring and projects to earn 100 percent of this project this year.

Currently, Sterling Metals’ shareholder portfolio includes Altius Minerals (TSX:ALS), which serves as a 19 percent shareholder and partner, as well as many close insiders, company management and institutional owners which make up approximately 50 percent of the current shares outstanding.

Sterling Metals’ experienced and dedicated management team has primed the company to take advantage of Newfoundland’s favorable silver and copper macro environment. With years of combined experience in the mining, energy and finance sectors, the team is ready to advance its rare and exciting silver exploration project.

Sterling Metals’ Company Highlights

Sterling Metals is a mineral exploration company primarily focused on exploration and mining opportunities in Canada.
The company is currently working on advancing its flagship Sail Pond silver and base metals project in Newfoundland. The 13,500 hectare asset has never been drilled and hosts unique high-grade silver and base metal potential over a 12 kilometer strike length
Since 2017, there has been approximately C$1.5 million on the project via surface sampling, trenching and geophysics which has led to drill targets which will be drilled in the spring of 2021.
The company has the option to earn 100 percent ownership of the Sail Pond project by spending C$1.5 million over 3 years and granting a 2 percent NSR
Initial work combines a district sized soil footprint with high grade grab samples up to 4526 g/t silver, 14.9 percent copper, 0.9 g/t gold, 7.5 percent lead, 9.6 percent zinc and 5 percent antimony.
With 41 million shares outstanding and a large insider ownership, the company is fully funded for its initial drill program this spring which will take advantage of Newfoundland’s favorable mining and economic conditions.

Sterling Metals’ Key Project

Sail Pond Project

The Sail Pond flagship asset spans 13,500 hectares and is located on the Great Northern Peninsula of Newfoundland, Canada. The property is highly accessible from various natural resource networks, paved highways and the St. Anthony regional airport on the province’s northern-most tip.

The property’s geological landscape hosts high-grade silver, copper, lead and zinc associated with quartz-carbonate veining. In January 2021, the company reported rock grab samples assaying 6,783.2 g/t and 3,172 g/t silver equivalents collected from an initial prospecting program. These findings help support estimates of high-grade mineralization across the entire 12 kilometer strike and efforts to advance future drill target generation.

Currently, Sterling Metals has two defined target zones over a combined strike-length of 9 kilometers. Along with high-grade silver, SEM and multi-element analysis have revealed grades of 0.9 g/t gold, 14.9 percent copper, 7.5 percent lead, 5.0 percent antimony and 9.6 percent zinc. Sail Pond’s diverse mineralization portfolio and lack of drill history present unique and promising exploration opportunities for Sterling Metals.

Future plans include continuing to prepare Sail Pond for future drilling programs through potential target identification and commencement of rig operations. With an option to own 100 percent of the property, the company is primed for significant advancement of this flagship silver and base metal project.

Sterling Metals’ Management Team

Mathew Wilson, CEO & Director

Mr. Wilson has spent the last 11 years as an active venture investor and executive. Over the last three years, Mathew led the company through a 10,000 meter exploration program and mine restart in Paraguay, an asset sale, and a rebrand and refocus from a South American gold production and exploration company to the Canadian focused silver and base metal company, Sterling Metals. Prior to his work as an executive, Mathew was a Principal at Pinetree Capital, a diversified investment fund focused primarily on the small cap mining sector. Mathew has acted as CEO for private venture capital companies and as a director for public TSX venture listed companies. Mathew holds a Masters in Finance from Queens University and is a CFA Charterholder.

Richard Patricio, Director

Richard Patricio is the CEO and President of Mega Uranium Ltd., a uranium-focused investment and development company with assets in Canada and Australia. He is a qualified lawyer (Ontario) with over 15 years of experience working with and for public companies. He has built several mining companies with global operations and spent 10 years with a TSX-listed investment company focused on the resource and early-stage investment space. Patricio holds and has held senior officer and director positions in several mining companies listed on the TSX, ASX, NYSE and AIM exchanges. Patricio received his law degree from Osgoode Hall and was called to the Ontario bar in 2000.

Stephen Keith, Director

Stephen Keith has over 20 years of experience working with mining and energy projects from concept to feasibility study, engineering design, project management and construction through financing and acquisitions. He has worked on projects in more than 30 countries, with an emphasis on the Americas, having been involved in more than C$2 billion in financing and merger and acquisition transactions for natural resource projects. Currently, Keith is the founding partner at Strategy4Growth, a private advisory firm assisting resource companies to bridge the gap between projects in Latin America and the global financial markets and is CEO of 4B Mining, an iron ore/ manganese developer in Brazil. Keith is currently on the Board of Directors of Aura Minerals as lead director and chairman of the Audit Committee.

Dennis Logan, CFO

Dennis Logan has over 25 years of financial advisory and senior financial management and accounting experience, having spent 17 years in Investment Banking before transitioning into Public Company CFO Roles. Logan currently serves as the CFO of Planet 13 holdings, the chair of the Audit Committee of Eurocontrol Technics Group Ltd. and Magna Terra Minerals Inc. and serves as a part-time CFO BTU Metals Corp. Previously, Logan served as the CFO, director and corporate secretary of Almonty Industries Inc., a publicly traded tungsten mining and processing company. Logan is a CPA, CA, and started his finance and accounting career with Ernst & Young LLP.

Advisory Board

Denis Laviolette

Over the last 15 years Mr. Laviolette has worked as a production and exploration geologist in Timmins, Kirkland Lake, Red Lake, Norway, and Ghana. After his time in the field, he worked as a mining analyst with Pinetree Capital. Most recently, Mr. Laviolette has acted as founder and President of New Found Gold and founder and Executive Chairman of Goldspot Resources. Mr. Laviolette remains at the cusp of technology and exploration success as Goldspot levers its advanced AI technology for advanced target generation. Sterling Metals will be levering the Goldspot technology, Mr. Laviolette’s understanding of a successful Newfoundland exploration program, and his extensive geological knowledge as it advances its project forward.

Kelly Malcolm

Mr. Malcolm is a Professional Geologist (Ontario) with extensive exploration experience focused on precious metal exploration. He is currently Vice President Exploration at Amex Exploration Inc., which has made several discoveries on the Perron project in Quebec. He was involved in the discovery and delineation of Detour Gold’s high grade 58N gold deposit, and acts as director, advisor, or management for several public and private mineral exploration companies. He holds a BSc in geology and a BA in economics from Laurentian University. Sterling will rely on Mr. Malcolm and his extensive experience in successfully leading exploration programs on some of the most exciting new discoveries in Canada over the last several years.

Mark Raguz

Mr. Raguz manages the royalty portfolio at Altius Minerals Corporation. Prior to his current role, he was Vice President, Investment banking at several leading full-service boutique investment dealers. He was previously a mining and metals analyst in both buy-side and sell-side research. He has served as a director of various TSX Venture listed companies. Mr. Raguz holds a Bachelor of Applied Science from the Lassonde Mineral Engineering Program at the University of Toronto. Sterling has already benefited greatly from its partnership with Altius Minerals Corporation as it advances its Sail Pond asset forward in Northwest Newfoundland. Sterling will further lever its partnership by drawing on his 12 years of successful and diverse exploration experience.

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Prismo Metals

Targeting High-Grade Silver and Gold Projects in Mexico’s Historic Sinaloa District

Overview

Mexico’s Sinaloa state hosts a number of prolific silver and gold mines, including McEwen Mining’s (TSX:MUX) El Gallo Complex, Americas Gold and Silver’s (TSX:USA) Cosalá operations and Kootenay Silver’s (TSXV:KTN) Copalito silver-gold project. Between 2012 and 2019, gold production at the El Gallo mine alone totaled 295,000 ounces (oz) and silver production peaked at 142,000 oz.

Prismo Metals (CSE:PRIZ) has made a strategic move to join the list of successful explorers in this region. The company’s leadership team has decades of experience in the Mexican precious metals industry. Director, president and CEO Dr. Craig Gibson has been an exploration consultant since 1998 and a Director of Garibaldi Resources Inc. (TSXV:GGI). Additionally, advisor Dr. Peter Megaw sits on the board of directors and is co-founder of MAG Silver Corp. (TSX:MAG) and Minaurum Gold Inc. (TSXV:MGG). Megaw and his team are credited with MAG Silver’s Juanicipio discovery in the famous Fresnillo District as well as Excellon Resources’ (TSX:EXN) Platosa mine.

Prismo Metals has two current exploration projects: Palos Verdes and Los Pavitos. The Palos Verdes property covers 22.77 hectares within the historic Panuco-Copala silver-gold district in Sinaloa. The district is well-known for its numerous veins with historical production. While much of the district has been consolidated by Vizsla Resources (TSXV:VZLA), the Palos Verdes project is located near the district’s under-explored northeastern limit.

Prismo Metals’ Palos Verdes property includes 700 meters of strike length along the Palos Verdes vein, which has been explored for 250 meters with findings yielding as much as 6.7 grams per ton (g/t) gold and 544 g/t silver from surface and underground sampling. A second vein system may be reflected in a northwest striking alteration zone, offering an additional high-grade exploration target on the property. In 2018, ProDeMin completed a diamond drilling program on the property. Notable drill results included 3.75 g/t gold and 1,098 g/t silver for 2.3 meters as well as 8.42 g/t gold and 2,336 g/t silver for 0.8 meters.

In May 2019, the company and ProDeMin entered an option agreement in which Prismo may acquire 75 percent interest in the Palos Verdes property. A second agreement with the owner of the remaining 25 percent will allow Prismo to obtain 100 percent ownership of the Palos Verdes concession. Prismo is now ready to begin a follow-up drilling program that will consist of four to five holes, with the longest planned at 150 to 175 meters. Drilling is set to begin in early December.

The company’s Los Pavitos project is located in the Alamos region of southern Sonora, a well-mineralized area that hosts several active exploration and mining projects. The project consists of one concession covering 5,289 hectares. Early sampling and reconnaissance work has been carried out by previous companies, including Minera Cascabel.

Prismo Metals’ Company Highlights

Prismo Metals is an exploration company targeting high-grade silver and gold projects in Mexico, one of the world’s top producers of precious metals.
The company’s Palos Verdes property is located in the historic Panuco-Copala silver-gold district in Sinaloa, Mexico.
The Palos Verdes property includes 700 meters of strike length along the Palos Verdes vein, which has yielded 6.7 g/t gold and 544 g/t silver.
The company’s Los Pavitos project is located in the well-mineralized Alamos region of southern Sonora. The project consists of one concession covering 5,289 hectares.
Prismo’s management and advisory team offers decades of experience in the Mexican precious metals industry, including all aspects of exploration and resource development.

Prismo Metals’ Key Projects

Palos Verdes

The company’s Palos Verdes property is located in Southern Sinaloa, roughly 65 kilometers northeast of Mazatlán. The Palos Verdes concession covers 22.77 hectares and is situated within the historic Panuco-Copala mining district, the largest silver producer in Sinaloa.

History

Limited sampling has been performed on the property. According to a sample database compiled by ProDeMin, findings have yielded as much as 4.15 g/t gold and 732.7 g/t silver. Prior to the turn of the century, a 70 meter tunnel was driven along the Palos Verdes vein near the bottom of the Palos Verdes arroyo. In 2018, ProDeMin completed a diamond drilling program on the property. Notable drill results included 3.75 g/t gold and 1,098 g/t silver for 2.3 meters and 8.42 g/t gold and 2,336 g/t silver for 0.8 meters.

Next Steps

The company recently announced a 10 year surface access agreement that grants Prismo immediate access for exploration. A comprehensive drilling program on the property is set to begin in early December and will include four to five holes, with the longest planned at 150 to 175 meters. Targets include high-grade intercepts lateral to, and below, previous intercepts drilled by ProDeMin in 2018.

Los Pavitos

The company’s Los Pavitos project is located in the Alamos region of Southern Sonora, a well-mineralized area that hosts multiple active exploration and mining projects. Los Pavitos consists of one concession covering 5,289 hectares. Early sampling and reconnaissance work has been carried out by previous companies, including Minera Cascabel. The property’s numerous mines and prospect pits indicate historical interest.

Prismo Metals’ Management Team

Craig Gibson—Director, President and CEO

Dr. Craig Gibson has extensive experience in the minerals industry. He received his B.S. (1984) in Earth Sciences from the University of Arizona and M.S. (1987) and Ph.D. (1992) in Economic Geology and Geochemistry from the Mackay School of Mines, University of Nevada, Reno. He co-founded Prospeccion y Desarrollo Minero del Norte, S.A. de C.V. (ProDeMin) based in Guadalajara, Mexico, in 2009. ProDeMin is a consulting firm providing a broad spectrum of exploration related services to the mining industry and has been involved in several major precious metal discoveries in Mexico. Dr. Gibson is also a Director of Garibaldi Resources Inc., a Vancouver-based junior exploration company; a Certified Professional Geologist of the American Association of Professional Geologists; and a Qualified Person under NI 43-101.

Salvador Miranda—CFO and Secretary

Through his private corporation, Salvador has been providing administration and accounting services to several TSXV listed companies since 1997, serving as director and officer in some of them. Therefore, he has ample experience in the preparation of annual and interim financial statements at public company standards, understanding the full accounting cycle, the preparation of budgets, the liaising with auditors and legal counsels, the filing requirements and the use of specialized accounting software.

In addition to fluency in English and French, Salvador is natively fluent in Spanish and fully understands cultural and situational issues associated with Mexico.

Salvador holds a Master’s in Civil Engineering from the Massachusetts Institute of Technology (1982) and has taken numerous courses and seminars related to his activities as CFO of junior public companies in Canada.

Jorge Rafael Gallardo-Romero—Director

Jorge Rafael Gallardo-Romero has been a consultant geologist of Cascabel since March 1992. He also acts as Mexico Exploration Manager of Gainey Capital Inc. (since January 2015) and of Minera Goldzone S.A. de C.V. (since March 2011). Gallardo-Romero graduated from the University of Sonora with a degree in Geology in 1984.

Jean-François Meilleur—Director

Jean-François Meilleur has been active in the capital market since 2006 as a Managing Partner of Paradox Public Relations and P.E. Partners providing strategic advisory, investor relations services and being a supportive shareholder providing development capital to different ventures. In May 2017, Meilleur was appointed President and CEO of Canada Strategic Metals. From 2012 to 2018, Meilleur was VP at Critical Elements Corp. Meilleur holds a bachelor’s degree from the HEC business school (Hautes Études Commerciales) in Montreal, with a specialization in marketing and finance. He is also a Managing Partner and co-owner of Paradox Public Relations.

Maria Guadalupe Yeomans Otero—Director

Maria Yeomans is a geologist graduated from Universidad de Sonora, Mexico, in 1986, with master studies in Business Administration at the same university. She has been a part of the team at Cascabel since 1992 and is now Office Manager. She speaks English fluently and has extensive experience in the administration, legal and commercial relations related to mining.

Peter Megaw—Advisor

Dr. Megaw is best known as co-founder of MAG Silver Corp. and Minaurum Gold Inc. He and his team are credited with MAG Silver’s Juanicipio discovery in the famous Fresnillo District and Excellon Resources Inc’s Platosa mine. He received his doctorate from the University of Arizona and has more than 35 years of experience exploring for silver and gold in Mexico. Dr. Megaw is a Certified Professional Geologist by the American Institute of Professional Geologists and an Arizona Registered Professional Geologist. He is the author of numerous scientific publications on ore deposits and is a frequent speaker at academic and international exploration conferences. He was awarded the 2017 Thayer Lindsley Award for the 2003 discovery of the Juanicipio silver deposit in the Fresnillo District, ultimately leading to a further 600 million ounces being identified in the immediate area. Dr. Megaw also received the Society of Mining Engineers 2012 Robert M. Dreyer Award for excellence in Applied Economic Geology.

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Norden Crown Metals

Low-capex Silver Polymetallic Exploration Projects in Finland and Norway

Overview

Norden Crown Metals (TSXV:NOCR) is a resource exploration company working towards the discovery of silver, zinc, copper and gold deposits in Sweden and Norway. The company’s focus in Scandinavia is borne out of the region’s stable mineral tenure, low regulatory risk as well as easy and fast permitting. Additionally, countries like Norway, Sweden and Finland have minimal corporate taxes at 27 percent, 22 percent and 20 percent respectively.

Ranked by the Fraser Institute as among the top 10 mining regions globally, Scandinavia has solid infrastructure with six smelters in the region, deep water ports near projects and road and rail systems that provide easy access. Projects in the region are no more than a two-hour drive from any major airport.

Norden Crown Metals has two key projects in Scandinavia — the Burfjord Iron Oxide Copper Gold (IOCG) project in Norway and the Gumsberg Volcanogenic Massive Sulfide (VMS) project in Sweden — and is focused on discovering new economic mineral deposits in mining regions that have yet to benefit from modern exploration techniques.

Boreal Metals Map

The company’s Burfjord IOCG project, which has six exploration licenses, is located near Kåfjord, Norway. The mineralization at Burfjord is a part of the IOCG deposit clan. Additionally, Burfjord is made up of broad arrays of copper, gold and cobalt-bearing veins and has the potential to host a large copper deposit. Norden Crown commenced the ~3,500 meter diamond drill program at its 100 percent owned Burfjord Project in northern Norway in collaboration with Boliden Mineral AB. The jointly planned diamond drill program ais based on geological, geochemical, and geophysical anomalies identified during the 2020 Summer exploration programs and aims to test the copper-gold grades and continuity of new targets, historical mines, and prospects.

The Gumsberg VMS project and has five exploration licenses in the Bergslagen Mining District in southern Sweden, spanning over 18,000 hectares that contain multiple zones of VMS-style mineralization.

In 2020, Norden Crown obtained an exploration permit and an off road driving permit for the Fredriksson Gruva project in Sweden where the company intersected high grade and significant widths of Broken Hill Type mineralization in all three holes drilled in March 2021.

Norden Crown prides itself on having a strong board and technologically-driven team. With its focus in Scandinavia, Norden Crown has a competitive advantage due to the region’s solid mining infrastructure in Sweden and Norway.

Norden Crown Metals’ Company Highlights

Focused on silver, zinc, copper and gold deposits in Sweden and Norway
Scandinavia has a historical background as a mining district with strong infrastructure and smelters, particularly in Sweden
Two key projects — the Burfjord IOGC project in Norway and the Gumsberg VMS project in Sweden
- The Gumsberg VMS is the company’s flagship project and has five prospects: Östra Silvberg, Vallberget, Loberget, Fredriksson Gruvan and Gumsberg West
- The Burfjord IOCG Project has six exploration licenses with the project’s mineralization a part of the IOCG deposit clan
Strong board of directors and technologically-driven team
Norden Crown intersected high grade and significant widths of Broken Hill Type mineralization in all three holes drilled at its Fredriksson Gruva Prospect.

Norden Crown’s Key Projects

The Fredriksson Gruva Prospect

Norden Crown’s current focus project is the 100 percent owned Fredriksson Gruva prospect in Sweden. The company recently announced an exceptional discovery at its 100% owned Fredriksson Gruva prospect (“Fredriksson Gruva”) demonstrated by significant results from the first three holes drilled below historical mine workings. The discovery holes intersected significant mineralized widths ranging from 8.15 to 13.60 metres of precious and base metal, massive and semi-massive sulphide mineralization, within a geological setting unique to mineralization belonging to the Broken Hill Type (“BHT“) clan of silver rich zinc-lead ore deposits.

The objective of the drill program was to demonstrate that mineralization continues beneath the historical mine workings, which extend to 91 metres below surface. The program was also designed to confirm historical silver-zinc-lead grades, thicknesses, and to test the continuity of this mineralization. Holes GUM-20-09 and GUM-20-10 are positioned 30 metres down plunge of the historical underground workings and are spaced 40 metres apart. Hole GUM-20-11 is 30 metres below GUM-20-10 (60 metres below the historical workings).

BHT Ag-Zn-Pb deposits constitute some of the largest and highest-grade ore deposits in the world2 (see Table 4). The namesake deposit, Broken Hill, is located in western New South Wales, Australia, and represents the largest accumulation of Pb, Zn, and Ag on Earth2. BHT deposits constitute a distinctive type of stratiform, sediment hosted lead-zinc mineral deposits. BHT deposits are characterized and distinguished from other silver-zinc-lead deposits by the chemistry of the sediment that host them and that they are usually associated spatially and temporally with volcanism.

The Gumsberg VMS Project

Gumsberg VMS mineralization was first mined in the 13th century through to the early 1900s with more than 30 mines on the property. Although there is a long-lived production history, little modern exploration has been done on the property.

Gumsberg VMS is a highly prospective precious metal-enriched zinc-silver-lead volcanogenic sulfide drill project located in the Bergslagen mining district in between the past-producing Falun and Saxberget nines and active Garpenberg and Zincgruvan mines. With extensive historical mining done on the property from shallow workings, recent exploration has shown there is additional potential for further mining.

The project is located 40 kilometers southwest of Alta, which is a regional airport and is accessible by road while only being 7.5 kilometers from tidewater.

Contained in the Gumsberg VMS Project are five prospects including Östra Silvberg, Vallberget, Loberget, Fredrickssongruvan and Gumsberg West.

Boreal Metals Sweden Map

The Östra Silvberg prospect is the company’s main focus in the Gumsberg VMS Project, which has exploration potential for silver and gold-enriched base metal mineralization. The prospect also has a deep history as Sweden’s largest silver mine between 1250 and 1590. Additionally, there are only five historic drill holes in the mine, all of which are shallow.

Between 2017 and 2019, Norden Crown Metals conducted drilling programs on the property that confirmed high-grade silver and zinc mineralization with lead located at-depth and peripheral to historical mine workings.

Most recent drill results from the Östra Silvberg in July 2019 returned up to 5.12 percent zinc, 2.27 percent lead and 93 g/t silver over 8.04 meters and additionally suggested that mineralization in the area is more extensive than previously thought.

Also within the Gumsberg VMS project is the Fredriksson Mine, where the company conducted a soil survey in September 2020. Over 110 soil samples were collected at 15 to 25 cm below the organic horizon across three test lines. There was an average sample station spacing of 15 meters and an average line spacing of 100 meters.

The Fredriksson Mine was discovered in 1976 with exploration conducted between then and 1977. Norden staked the Fredriksson Gruva prospect as part of a larger staking acquisition in March 2017.

The Burfjord IOCG Project

Burfjord IOCG Project

Located near Kåfjord, Norway, the company’s Burfjord IOCG Project has six exploration licenses with mineralization identified as part of the Iron Oxide Copper Gold (IOCG) deposit clan. Additionally, Burfjord is made up of broad arrays of copper, gold and cobalt-bearing veins and has the potential to host a large copper deposit.

The Burfjord IOCG Project has six exploration licenses with the project’s mineralization a part of the IOCG deposit clan.

Copper mineralization was mined in the Burfjord area during the 19th century. With over 30 historic mines and prospects, Burfjord was developed along the flanks of a prominent 4 by 6-kilometer anticlinal structure comprised of interbedded metasedimentary and metavolcanic rocks.

Located 40 kilometers northwest of regional airport Alta, the project is road-accessible and only 7.5 kilometers from tidewater. It is also 32 kilometers west of the Kåfjord copper mines, the first major industrial enterprise north of the Arctic Circle.

In June 2020, Norden Crown Metals signed an option agreement with Boliden Minerals regarding Norden’s 100-percent-owned Burfjord project. As part of the agreement, Boliden could earn a 51 percent interest in the project by spending US$6,000,000 on exploration and development at Burfjord within four years of the date of the agreement.

The four-year period to exercise the agreement may be extended if exploration and development at Burfjord is delayed by an event of force majeure. If the agreement is exercised, Boliden could earn an additional 29 percent interest in the Burfjord for an aggregate 80 percent interest by solely funding further advancement work through the delivery of a NI 43-101 and PERC (Pan European Reserves & Resources Reporting Committee) compliant feasibility study and solely funding all annual costs to keep the project in good standing.

norden crown burfjord map

In August 2020, Norden announced exploration is officially underway at Burfjord in collaboration with Boliden. Exploration will include geological mapping focused on the hydrothermal alteration, lithology and structural controls on gold and copper mineralization. The exploration program will also entail detailed geochemical sampling, as well as geophysics including EM and a property-wide airborne magnetic survey.

Norden Crown Metals’ Management Team

Patricio Varas—Executive Chairman and CEO

Patricio Varas is a professional geoscientist with over 30 years of experience in exploration, project development and corporate management. Mr. Varas has a vast background working in operating mines, exploration projects, feasibility studies and mine development. Mr. Varas founded and acted as president and CEO of Western Potash Corp, which discovered and developed the world class Milestone Potash deposit in Saskatchewan.

Jeannine Webb, CPA, CGA—CFO

Jeannine Webb has over 25 years of experience in the mineral exploration sector, serving as Chief Financial Officer, Corporate Secretary and Director for private, and junior “small cap” domestic and international public companies. She has a wide range of skills on financial management and regulatory reporting, and currently serves as CFO and Corporate Secretary for private companies and various Canadian venture companies with operations in Canada, the US, and South America. She is a Chartered Professional Accountant of British Columbia.

Daniel MacNeil—VP of Exploration

As a precious and base metals specialist, Daniel MacNeil has over 15 years of experience with continental-scale projection generation to in-mine resource expansion. Mr. MacNeil has worked in a wide range of geological settings in the Americas and Eastern Europe, with his expertise including exploration strategy, target and opportunity identification, district entry strategy, business development and strategic evaluation of geologic terranes among others.

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Volcanic Gold Mines

Focused on Discovering World-Class Precious Metal Deposits

Overview

Volcanic Gold Mines Inc. (TSXV:VG, FWB:CKC1) is a Canadian exploration company focusing on high-yield precious metals exploration and development in a mining-friendly region of Central America. Volcanic Gold’s primary projects are located in the highly favorable jurisdiction of Guatemala, with involved mining experience and regional expertise in the country since 1998. The company’s management consists of a highly experienced mining and capital markets team that intends to leverage its deep domain expertise to identify favorable acquisition targets.

Guatemala shares the same geological belt as Mexico and the same world-class potential for precious metals discoveries. With minimal investment into this highly favorable jurisdiction, high-grade discoveries, such as Escobal and Cerro Blanco, have led to increased excitement and funding through a new wave of mining investments.

In 2019, Pan American Silver invested US$1 billion into acquiring control of Tahoe and Bluestone and announced an additional US$92 million in financing. The diverse portfolio of company shareholders demonstrates international interest, with Silvercorp electing to maintain 19.9 percent of the company and insiders and owners holding approximately 40 percent of shares.

Volcanic Gold Mines is strategically positioned for success in Guatemala with the added interests of a new pro-mining government as of January 2020. With permitting processes taking only 60 to 90 days, operational efficiency is optimized and quite clear.

In the region, there is a favorable mix of established exploration companies and new explorers. This includes the Gold Group Management and their 25 years of experience with the same geological and management team and new mining campaigns in high-grade gold and silver discoveries that are ready for resource definition.

Volcanic Gold Mines has also acquired an option on a large land position in Eastern Guatemala from Radius Gold (TSXV:RDU). The company can earn a 60 percent interest by spending the cumulative amount of US$7 million on exploration programs on the Holly and Banderas projects within 48 months from the date of the agreement. However, an initial US$1M must be spent on exploration within the 12 months of receiving the required drill permits.

Following the exercise of the option, Volcanic Gold Mines will enter into a standard 60/40 joint venture and can continue exploration. During this time, the company has also been granted an exclusive right to evaluate and acquire Radius’s other property interests in Guatemala on reasonable terms which covers an additional 30,000 Hectares of highly prospective ground.

The company’s primary Holly and Bandera projects are operating on data from past discoveries by Radius geologists in 2003 and Goldcorp’s Escobal silver discovery in 2007. Both projects indicate the potential for extensive high-grade drill intercepts with multiple targets open for expansion or testing by drilling. With a proprietary geochemical database, positioning of targets allows streamlined operations of the large project land package.

Volcanic Gold Mines’ experienced and tenured management team has collectively discovered, finance and developed multiple mines worldwide. In Central America alone, this team have discovered six favorable mines and that demonstrates high potential for further precious metal discoveries in the region.

Volcanic Gold Mines’ Company Highlights

Volcanic Gold Mines Inc is an exploration company focused on the strategic acquisition of mineral properties with a potential for hosting gold and silver resources. The company currently has primary projects in the highly favorable jurisdiction of Guatemala.
Sharing the same geological belt as Mexico, Guatemala has become a highly prospective target for new investment and international interests, including recent investments by Bluestone and Pan American Silver into mining in the region.
With a proprietary geochemical database, positioning of targets allows streamlined operations of the primary project sites.
In June 2020, Volcanic Gold Mines signed an agreement with Radius Gold Inc., where the company acquired an option on a large land position in Eastern Guatemala, which region hosts the Escobal silver mine and high-grade Cerro Blanco gold deposit.
The Holly project and Banderas project sites demonstrate high grade mineralization and multiple targets open for expansion by drilling.
Volcanic Gold Mines brings together a world-class team with years of experience in mining, exploration and capital markets globally.

Volcanic Gold Mine Key Projects

Both Volcanic Gold Mines’ Holly and Banderas projects are located in an established gold-silver region that was first discovered between 2002 and 2003 by Radius Geologists. Initial discovery was the the Cerro Blanco gold deposit. which is presently being developed by Bluestone Resources Inc. Further gold/silver discoveries occurring in 2007, Escobal, indicate the world class potential of this region.

The Company is well financed, well managed, in a mining friendly jurisdiction with multiple high grade drill targets.

Holly Project

The Holly Project is located at the intersection of the Jocotan fault and Ipala graben fault in eastern Guatemala. The project has shown high-grade mineralization with a possible fast track to establishing high-grade gold resources. At present, best drilling has been at six meters of near-surface intercept grading 43.56 g/t gold and 1,618 g/t silver being returned. With just 15 shallow historic drill holes completed to date, The company intends to complete a significant drill program at Holly in the coming months with the intention of defining a high grade gold/silver resource.

Drawing from initial discoveries by Radius Geologists in 2002 and 2003 and the world-class silver discovery in Escobal by Goldcorp in 2007, Holly demonstrates the potential for multiple targets open for expansion or testing by drilling. This expansion effort is optimized by the accessibility of the project site in relation to Bluestone’s planned processing plant, a short 60-kilometer drive by paved road.

Banderas Project

The Banderas project has demonstrated high-grade mineralization in multiple drill intercepts over approximately a four-kilometer strike length. Additional undrilled gold-silver geochemical targets exist along this trend. It is a large caldera and rhyolite dome complex that contains gold and silver-rich epithermal veins and vein breccias extending over nine square kilometers. These Banderas veins are predicted to merge at depth, indicating a deep source. The brecciated dome margin targets at Zapote indicate another exciting target area to be drill tested.

Like the Holly project, Banderas demonstrates high-grade mineralization in multiple drill intercepts, including 70 g/t gold and 516 g/t silver at 1.5 meters and 4g/t gold and 70 g/t silver at 6.7 meters. The last drill campaign at Banderas was in 2011, in total 49 holes have been drilled to date with multiple high grade intercepts. However, with less than 200 vertical meters tested so far, these highly prospective targets warrant a significant exploration program.

Management Team

Simon Ridgway—CEO and President

Simon Ridgway, founder and director of Volcanic, will take over management of the Company as CEO and President. Simon has extensive knowledge of Guatemala, both geological and socio-political, having been one of the first modern gold explorers to work in the country. Simon has led his geological teams to the discovery of several gold deposits in Central America and is keen to repeat those successes.

Michael Povey—Director & Chairman

Mike Povey is a mining engineer with over 40 years of worldwide experience in the resource sector in a wide range of commodities. He has held senior management positions in various public companies including Rio Tinto and Anglo American, with surface and underground mining operations in Africa, North America, and Australia. Over the past 20 years, Povey has held positions as Chairman, Managing Director and Technical Director of several ASX and AIM-listed companies. He has led project acquisitions, exploration programs, JV negotiations and equity raisings. Povey is a Chartered Engineer and a Member of the Australasian Institute of Mining and Metallurgy and holds a number of Certificates of Competency, including a West Australian Mine Managers Certificate.

Charles Straw—Director

Charles Straw is an economic geologist with over 20 years of global experience in the mining and natural resource industries. He has held executive management positions in public and private mineral explorers and led the successful exploration and evaluation of precious and base metal projects in Australia, South America, North America, and China. He has an international network of technical and financing relationships providing both project flow and project finance. Straw is a member of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) and the Australasian Institute of Mining and Metallurgy (AusIMM).

Simon Ridgway—Founder & Director

Simon Ridgway is a co-founder of Fortuna Silver Mines Inc., a prospector, a mining financier and a Casey Research Explorer’s League inductee. Ridgway and the exploration teams under his guidance have discovered gold deposits in Honduras, Guatemala and Nicaragua and a silver/gold deposit in Mexico. His companies have raised over CAD$450 million for exploration and development projects since 2003. Ridgway is the Chairman of Fortuna Silver and CEO of Radius Gold Inc., Rackla Gold Metals Inc.

Kevin Bales—CFO

Kevin Bales has over 20 years of financial reporting experience in the mining and information technology industries. He currently serves as CFO for several public junior exploration companies with operations in Canada, the U.S., Latin America and Europe. Bales holds a Bachelor of Management degree with a major in accounting from the University of Lethbridge.

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Fireweed Zinc

Advancing Yukon’s Macmillan Pass Zinc-Lead-Silver Project

Overview

Fireweed Zinc Ltd. (TSXV:FWZ) is a Canadian mining, exploration and development company focused on advancing its Macmillan Pass zinc–lead–silver project in Yukon, Canada. Fireweed Zinc's Macmillan Pass project is a district-scale play that has significant upside potential. Fireweed Zinc intends to expand upon historic work and utilize modern exploration methods to make new discoveries.

The property is strategically located in the zinc-rich Selwyn Basin, which is known to host large sedimentary exhalative (SEDEX) deposits. SEDEX deposits are responsible for more than half of the world's zinc production and are an important source of lead. Global examples of this type of deposit include the Howard's Pass district (eastern Yukon and Northwest Territories), Mt Isa-Century in the McArthur River district (Australia) and Red Dog (Alaska). Fireweed Zinc has two large SEDEX deposits—Tom and Jason – and the company is confident that it can make additional SEDEX discoveries.

In addition to its exploration potential, the Macmillan Pass project also has a 2018 resource estimate. The resource was developed using a historic resource from 2007 as well as results from a 2,000-meter drill program. The resource highlighted an indicated resource of 11.2 million tonnes grading 9.6 percent zinc equivalent and an inferred resource of 39.5 million tonnes grading 10 percent zinc equivalent.

Following the release of the resource, Fireweed Zinc released the results of a preliminary economic assessment (PEA) for the project in May 2018. The PEA outlined an 18-year mine life with 32.7 million tonnes of mineralization being mined at a processing rate of 4,900 tonnes-per-day. The report also highlighted an after-tax NVP (eight percent) of $448 million and an IRR of 24 percent.

Since releasing the PEA, Fireweed Zinc has continued its exploration efforts at Macmillan Pass with the aim of expanding the resource estimate and further improving the PEA. To this aim, Fireweed Zinc has completed a drill program on a number of prospective targets to test for new deposits, primarily on or near the Tom North, Tom East, Jason North and End Zone targets. The company also completed various geophysical, geochemical and geological mapping surveys as part of its field exploration program. Through this exploration work, Fireweed Zinc was able to identify ways to improve project economics and mine life.

Fireweed Zinc is managed by a seasoned team of mining industry professionals. Executive Chairman John Robins is a professional geologist whose career spans nearly four decades. Robins was the Founder and Executive Chairman of Kaminak Gold Corporation which was sold to Goldcorp., now Newmont Goldcorp (TSX:NGT,NYSE:NEM), for $520 million. He was the 2008 recipient of the Association for Mineral Exploration British Columbia's H.H. “Spud" Huestis Award. He sits on the boards of several successful exploration companies. In 2017, Robins' companies raised over $100 million.

Fireweed Zinc Company Highlights

Option agreements in place to earn 100 percent interest in the Tom and Jason and MAC claims.
Located in the mining-friendly jurisdiction of Yukon, Canada.
One of the largest and highest-grade zinc-lead-silver projects in the Americas with blue-sky potential.
Good infrastructure and property access.
Preliminary metallurgy in 2012 demonstrated good recoveries and concentrate grades.
2018 resource estimate highlighted an indicated resource of 11.2 million tonnes at 9.6 percent zinc equivalent and an inferred resource of 39.5 million tonnes at 10 percent zinc equivalent
PEA included an after-tax NVP (eight percent) of $448 million, an IRR of 24 percent and an 18-year mine life.
2019 exploration program is currently underway at Macmillan Pass.
Strong share structure with management holding large block of shares.
Good relations with First Nations in a non-treaty area.

Key Project: Macmillan Pass Zinc-Lead-Silver Project, Yukon

The Macmillan Pass zinc-lead-silver project is located approximately 200 kilometers northeast of the community of Ross River in the Selwyn Basin of Yukon, Canada. Hosting 12 large SEDEX-type deposits, the Selwyn Basin is one of the world's most recognized basins for this type of deposit. Fireweed Zinc's Macmillan Pass is nearby to Selwyn Chihong Mining's Selwyn (Howard's Pass) project which contains one of the world's largest undeveloped zinc deposit.

The 21,939-hectare underexplored land package is easily accessible via a three-kilometer road from the government-maintained North Canol Road off the Robert Campbell Highway or via government airstrip within the property boundary. The project also has a camp already in place (installed in 2011) along with permits and water licenses. A historic drill core is on site.

Tom Deposit property map

The Tom deposit was discovered in 1951 by Hudbay Minerals and the Jason deposit was discovered by the Ogilvie joint venture in 1974. Hudbay acquired the Jason deposit in 2007, combining the two deposits for the first time into one project. Fireweed Zinc signed an option agreement to acquire 100-percent of the Tom and Jason claims from Hudbay in December 2016.

In August 2017, Fireweed Zinc quadrupled the land area of its Macmillan Pass project with the acquisition of the adjoining MAC claims from Newmont Mining. The MAC claims cover the contiguous northwest extension of the same geology and mineralization trends that host the Tom and Jason deposits.

Fireweed Zinc again added to the size of the Macmillan Pass project with its acquisition of the Nidd property from a subsidiary of Teck Resources (TSX:TECK.A or TECK.B,NYSE:TECK). With this acquisition, Fireweed Zinc has consolidated the Macmillan Pass zinc district and now controls 544 square kilometers of highly-prospective zinc claims.

2018 Resource Estimate

In January 2018, Fireweed Zinc announced its mineral resource estimate for the Macmillan Pass project. The resource included the resource estimate already completed on the Tom and Jason zones on the property. An NSR cut-off grade of $65 was used to calculate the numbers in the table below.

fireweed resource estimates

“These new mineral resource estimates for Tom and Jason represent a substantial increase over the previous 2007 mineral resource estimates," said Fireweed Zinc CEO Brandon Macdonald. “Building on this major milestone, we will now use these mineral resource estimates along with pending new metallurgical test results, toward completion of a preliminary economic assessment in the coming months to assess project economics. Next summer we plan to execute a larger drill program to expand on these mineral resources and test other targets for new discoveries within our large project area."

PEA

In May 2018, Fireweed Zinc announced that they had completed a PEA for the Macmillan Pass project. The following numbers were calculated using a base case $1.21 per pound zinc, $0.98 per pound lead and $16.80 per ounce silver. Highlights include:

An 18-year mine life with 32.7 million tons of mineralization mined at 4,900 tonne-per-day processing rate.
54 million tonnes of zinc, 0.88 million tonnes of lead and 37 million tonnes of silver concentrate shipped.
Average yearly contained-metal production of 85 kilotons zinc, 48 kilotons lead and 2 million ounces silver.
Pre-tax NPV at eight percent of $779 million and IRR of 32 percent.
After-tax NPV at eight percent of $448 million and IRR of 24 percent.
Payback period of four years.
Pre-production CAPEX of $404 million.

The PEA also highlighted numerous opportunities for economic improvements and that there is room for expanding the resource.

“This first NI 43-101-compliant PEA on the Macmillan Pass project represents a significant step for the company as we progress the project towards production. Project economics in the PEA demonstrate that Macmillan Pass is not just viable at the zinc, lead and silver prices levels contemplated in the study, but highly robust," said Macdonald. “With consideration of the exploration upside not just at the known zones, but also within the broader land package, the project is steadily shaping up to be a premiere district-scale zinc mining camp in the mining-friendly Yukon Territory."

Blue Sky Potential on Large Land Package

The Macmillan Pass project represents an opportunity for upside potential. The footprints of the Tom and Jason deposits are quite small compared to the substantial size of the entire land package. Additionally, while approximately 70,000 meters of historical drilling was carried out on the Tom and Jason claim areas since their discovery, a vast majority of the current Macmillan Pass land package (including the MAC and Nidd claims) remain largely unexplored by modern exploration techniques.

Significant potential remains to expand the known mineralization at the Tom and Jason deposits at depth and along trend. Historic exploration activities on the MAC claims were limited to early-stage work in the search for gold, however, several areas of zinc and lead geochemical anomalies were discovered in stream sediments and soils.

Fireweed Zinc is testing that potential via an exploration campaign aimed at expanding the known mineralization on the Tom and Jason claims. The program also includes aerial and ground reconnaissance over the MAC claims to delineate targets for further exploration.

In July 2018, the company began its 10,000-meter drill program. Highlights from the program include 16.41 meters grading 21.1 percent zinc, 13.5 lead and 243 g/t silver and 10.16 meters grading 8.11 percent zinc, 6.31 percent lead and 82 g/t silver at the Tom East. The company also intersected 12.73 meters grading 12.61 percent zinc, 16.40 percent lead and 221 g/t silver and 12.41 meters grading 7.99 percent zinc, 13.26 percent lead and 166 g/t silver at Tom West. Finally, at End Zone on the MAC property, Fireweed Zinc intersected 8.6 meters grading 4.56 percent zinc, 17.34 percent lead and 145 g/t silver and 11.08 meters grading 4.78 percent zinc, 10.17 percent lead and 87 g/t silver.

In June 2019, Fireweed Zinc commenced its 2019 exploration program. The program is expected to consist of at least 2,000 meters of core drilling and 1,000 meters of RC drilling on a number of prospective targets to test for new deposits. Drilling is expected to primarily be focused on the Tom North, Tom East, Jason North and End Zone areas. The company also intends to continue its field exploration plans to complete geophysical, geochemical and geological mapping surveys.

The following month, Fireweed Zinc announced that it completed 12 holes on the property, seven of which were drilled at Tom North, in addition to one at Tom West, one at Target R and two at Jason North. The company expanded its drill program at Tom North due to the positive results, which offer Fireweed Zinc the potential to extend open-pit and underground mine life. Highlights from Tom North include nine meters grading 6.36 percent zinc and 0.65 percent lead and 7.30 meters grading 6.19 percent zinc and 0.51 percent lead. Fireweed Zinc believes that these results successfully prove that the Tom North target has near-surface mineralization that can be mined using an open-pit, improving the current PEA economics.

Tom North Step Out Target

Fireweed Zinc also completed an initial preconcentration test that utilized a state-of-the-art x-ray fluorescence ore sorting technology on samples from the Boundary zone, which is an advanced exploration target located 15 kilometers northwest of the Jason deposit. Through the pre-concentration tests, Fireweed Zinc was able to demonstrate that the feed grade found at the Boundary zone could be upgraded from 2.5 percent zinc to five percent zinc. The company was also able to achieve recovery rates ranging from 80 percent to 85 percent. Importantly, this all can be done at a low cost to Fireweed Zinc, improving the economics for the project.

Following the impressive ore sorting results, Fireweed Zinc drilled at the Boundary zone. The first hole of 2019 intersected 250 meters (true width) grading 3.44 percent zinc, which included high-grade intersections of 23.31 meters grading 16.35 percent zinc, 11.85 meters grading 9.18 percent zinc, 4.45 percent lead and 71.6 g/t silver and 1.01 meters grading 47.70 percent zinc. Another hole drilled at the Boundary zone intersected 230 meters grading 4.14 percent that contained a near-surface higher-grade section of 100 meters grading 7.94 percent zinc. These results confirmed that the Boundary zone has the potential to be mined in a low-strip open-pit and can be upgraded through low-cost ore sorting technology.

Fireweed Zinc Management Team

John Robins—Executive Chairman and Director

John Robins is a professional geologist with over 35 years of experience mainly as an independent geologist and entrepreneur. Mr. Robins has been involved in many successful exploration ventures and sat on the boards of several successful exploration companies. Most recently he was Founder, Executive Chairman and Director of Kaminak Gold Corporation which discovered the Coffee gold deposits in Yukon and sold the company to Goldcorp for $520 million. In 2008, Mr. Robins was recognized for his achievements in mining exploration by the Association for Mineral Exploration British Columbia with the H.H. “Spud" Huestis Award. This is recognized as the highest award given for mineral exploration and is awarded to those who have made “a significant contribution to enhance the mineral resources of British Columbia and/or the Yukon Territory, through the original application of prospecting techniques or other geoscience technology." In 2017, Mr. Robins' companies (Bluestone Resources, Northern Empire Resources, Fireweed Zinc) raised over $100 million.

Brandon Macdonald—CEO and Director

Brandon Macdonald is a professional geologist with a diverse experience base including exploration geology worldwide and investment banking. In recent years he has focused his efforts in exploration and development as a principal of and consultant to various junior mining companies. In the past, he was in the City of London where he worked in structuring financings and risk management at Macquarie Bank. In 2007 Mr. Macdonald graduated with an MBA (with Distinction) from Oxford. He completed his B.Sc. in Geology from UBC in 2000. Mr. Macdonald has a long history of mining exploration work in Yukon, including zinc projects, and originally hails from Ross River, near the Macmillan Pass Project site.

Adrian Rothwell — Director and Audit Committee Chair

Adrian Rothwell has worked in the mining industry for over 25 years with extensive experience in oversight and corporate governance roles. He is currently President and Chief Executive Officer of Kore Mining Ltd., a private mining venture with gold projects in the western US. Most recently, he was the Director, Strategy at Goldcorp Inc., and previously acted as Chief Financial Officer for many companies listed on the TSXV. Mr. Rothwell is a Chartered Professional Accountant (CPA, CA) in British Columbia and a designated Chartered Accountant in Australia and New Zealand. He articled at PricewaterhouseCoopers LLP in Australia and Canada and holds a BA in Economics from Macquarie University.

George Gorzynski—Executive Vice President and Director

George Gorzynski is co-founder of the company and a geological engineer with 35 years of experience in exploration and mining company management. He has strong technical, management and leadership skills, and was a key person in the building and managing of several successful international junior mining and exploration companies. His technical experience ranges from management of large exploration projects in challenging settings to geology field work in isolated locations to oversight of mining operations. Mr. Gorzynski has geological engineering degrees from the University of Toronto (Honours) and University of British Columbia and has worked on a number of zinc projects in British Columbia and Yukon.

Peter Hemstead —Director

Mr. Hemstead has over 20 years of finance experience and has a proven track record of providing strong financial leadership. He has extensive experience in financial management, corporate finance, project finance, treasury, commercial banking, marketing/sales, financial risk management, insurance, and tax planning. Mr. Hemstead is a Chartered Professional Accountant with an Honours Economics degree from the University of Western Ontario. He is currently the Chief Financial Officer of Bluestone Resources Inc. where he is a key executive in financing and moving the Cerro Blanco gold project toward production. He is also a Director and Chair of the Audit Committee at Fiore Gold Ltd., a growth oriented gold producer and explorer with the producing Pan Mine as well as a suite of exploration projects in Nevada. He previously held a senior financial executive role for 10 years with Capstone Mining Corp., leading the financial team through the successful expansion from a development stage mining company to an intermediate producer. His expertise and experience will be a great benefit to Fireweed as the Company advances its Macmillan Pass Project toward production.

Gilles Dessureau—V.P. Exploration

Mr. Dessureau is a Professional Geologist with over 15 years of exploration and development experience in the Western Cordillera including Yukon and British Columbia along with other locations throughout North America including Nevada, Ontario and Quebec. Mr. Dessureau is the Owner and Principle Geologist of Solidus Geological Services and has been providing geological and project management services to a number of clients including Golden Predator Mining Corp., Columbus Gold Corp., Colorado Resources Ltd., BMC Minerals, among others since 2007. Mr. Dessureau was instrumental in advancing the Wolverine polymetallic VMS deposit, located in the Yukon, through pre-feasibility and into commercial production beginning in 2010, and was involved with advancing Golden Predator's Brewery Creek and 3 Aces deposits. Mr. Dessureau graduated with a Master's degree from Laurentian University in Sudbury following a Bachelor's degree in Geology from St. Mary's University in Halifax. He is a Professional Geologist registered with Engineers and Geoscientists British Columbia (EGBC).

Dan Rogness — Director

Dan Rogness has worked in the mining industry for over 25 years and is experienced in treasury, finance, financial reporting, corporate development, forecasting, cash management, hedging and foreign exchange. He is currently consulting for various mining companies and was the Assistant Treasurer and officer at Teck Resources (formerly Teck Corporation and Teck Cominco Ltd.) from 1985 to 2012. Mr. Rogness is a Chartered Professional Accountant (CPA, CA) in British Columbia and holds a B. Com (Honours) in Accounting and Management Information Systems.

Neil MacRae—Investor Relation Manager

Mr. MacRae attended the University of Calgary and started his career in 1994, spending 10 years as a commodity trader and concentrate marketer for Mitsui & Co. (Canada) Ltd. Over the next 14 years, he then moved into investor relations roles with such companies as First Majestic, NovaGold Resources, and Santacruz Silver Mining as well as a role at Farallon Mining which operated the Campo Morado zinc mine in Mexico which was taken over by Nyrstar in 2011.

Cindy Chiang — Chief Financial Officer

Ms. Chiang is a Chartered Professional Accountant with experience in both public practice and industry since she became a Chartered Accountant in 2009. During her time in public practice at KPMG, Cindy led audit engagement team. Ms. Chiang is a Chartered Professional Accountant (CPA) with experience in both public practice and industry since she became a Chartered Accountant in 2009. During her time in public practice at KPMG, Cindy led audit engagement teams domestically and abroad, and is knowledgeable of Canadian and US accounting standards as well as IFRS. In industry, Cindy dealt with financial accounting and internal controls matters. Since May 2021, Ms. Chiang has been the Financial Controller for Fireweed and in recent months has transitioned into her new role as Chief Financial Officer.

Jeffrey Dare—Corporate Secretary

Jeffrey Dare has over nine years of professional experience with respect to managing external reporting and corporate compliance for TSXV-listed issuers. He currently serves as the Corporate Secretary and advisor for a number of junior companies. Mr. Dare works closely with external partners and service providers in the areas of legal, compliance, transfer agency, audit, banking and insurance. Mr. Dare holds a BA from Simon Fraser University.

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Canada Silver Cobalt Works

Focused on Silver and Cobalt – Essential Metals in Renewable Energy

On Track for Energy Metals Production Within 2 Years

Canada Silver Cobalt Works Inc. (TSXV:CCW,OTCQB:CCWOF,FWB:4T9B) is following a fast-track development model towards producing silver along with battery metal cobalt as a byproduct – both 'energy' metals needed to advance the world's alternative energy future.

Instead of the traditional route taken by mining companies to stretch out development over many years in a series of steps – exploration drilling, then resource studies, then engineering studies, followed by permitting – Canada Silver Cobalt is doing all of these at the same time in what it describes as “real time" mine development.

As the Company conducts its drill program to increase resource estimates at its spectacular high-grade silver-cobalt deposit in northern Ontario, it also is doing the environmental studies and preparing the applications for permits to construct a ramp down to the 500-meter level in order to extract the very high-grade silver-cobalt it has discovered there. The Company is also working on the engineering for the ramp and organizing contractors for constructing the ramp when the permits are received. Once the high-grade material is extracted, the Company can use its 100% owned “mini-mill" facility nearby which during past mining in the area produced as much as 2.5 million ounces of silver annually for mining companies when it operated as a government facility in the 1900s.

If all goes well, Canada Silver Cobalt could be producing enough silver within two years to pay for the ramp construction in a very short time frame and also fund additional exploration/development of its properties. The Company is also working on optimizing its proprietary, environmentally-compliant Re-2Ox extraction process technology which has been proven in lab tests to produce cobalt sulphate (and nickel and manganese sulphates) in line with the strict specifications manufacturers require for EV batteries.

The Company also has other initiatives underway that will advance its position in the precious and battery metals market including exploration of gold properties in Ontario and nickel-copper-cobalt properties in northern Quebec.

More information below and at the Company's website and in the Company's investor presentation at www.canadasilvercobaltworks.com

Overview

Canada Silver Cobalt Works Inc. (TSXV:CCW,OTCQB:CCWOF,FWB:4T9B) has 100% ownership of the past-producing silver-cobalt Castle mine and the 78 sq. km Castle Property with strong exploration upside in the prolific past producing Gowganda high-grade Silver Camp of Northern Ontario.

The Company's recent acquisition of the Temiskaming Testing Laboratories in Cobalt, Ontario, the only facility in the Northern Ontario Silver-Cobalt District that combines bullion pouring, bulk sampling, commercial assaying and e-waste processing, makes Canada Silver Cobalt a vertically integrated leader in Canada's Silver-Cobalt heartland.

This facility will also become the new home of Canada Silver Cobalt's 100 percent-owned Re-2OX Process, an environmentally friendly solution for producing technical grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations.

The company recently announced that it has engaged SGS Canada's Lakefield Testing Facility to design a Re-2Ox pilot plant which will eventually be located at the TTL facility. It has also contracted with SGS to test the Re-2Ox process for battery recycling.

A notable highlight of recent drilling on the property is the discovery in the Castle East Robinson Zone of massive native silver grades of up to 89,853 silver (2,621 oz/ton) over 0.3 meters, with intercepts also showing cobalt grades up to 2.2% Co. Further drilling has greatly expanded the potential scale of the discovery.

On May 28, 2020, the company announced a sizeable Maiden Inferred Resource estimate of 7.6 million ounces of high-grade silver grading an extraordinary 8,582 g/t (250.2 oz/ton) silver the highest grade silver resource in the world. The company plans to upwardly revise this resource estimate in Q1 2022 based on the 60,000-meter drill program underway and the discovery of seven new high-grade silver veins since the initial resource estimate (which was based on only one vein).

As of the end of August 2021, 43,000 meters (more than two-thirds) of the drill program had been completed and additional drilling is underway, with results pending. The Robinson Zone is 1.5 km east of the Castle Mine's adit and two of its previous mine shafts when it was a past producer in the 1900s. The company intends to restart the mine and is proceeding with various work including permitting towards that goal.

Agnico Eagle Mines Limited (TSX:AEM) operated the Castle mine in the 1980s when it was considered to be the highest-grade silver mine in the camp with an average mining grade of 26 ounces per ton silver. In its history, the mine produced 9.6 million oz silver and 300,000 lbs of cobalt as a by-product.

CCW is in a good position to take high-grade ore and process it into silver bars at TTL. In its initial years in the Cobalt Camp, Agnico Eagle processed high-grade silver ore at the TTL bulk facility and poured 1.6 million oz of silver annually into bars using TTL's bullion furnace. Other companies also produced another 1 million oz silver per year.

Also in the works at CCW is the design, planning and permitting for a ramp going down to the extremely high-grade silver discovery in the Robinson Zone at Castle East at about the 500 meter level.

canada silver cobalt works property map

The ramp would provide two extremely important benefits: 1) it would provide the company a way to extract the very high-grade silver to process at TTL into silver bars and the revenue generation from that would be considerable and would help pay for the ramp; and 2) the ramp would actually be an important exploration tool since it would likely intercept vein systems as it cut through the rock and drill pods could be established in key locations to permit underground horizonal-fan drilling for exploration at a much lower cost than drilling from the surface.

canada silver cobalt works property map

The Castle mine has fully-permitted access for its underground workings, providing the company with a significant advantage when it comes to putting the mine back into production. CCW is using its adit access for underground drilling and bulk sampling on Level 1 in preparation to resume mining.

Underground drilling on Level 1 at Castle recently discovered an exceptionally high-grade silver-cobalt vein structure. Initial drill results include seven meters grading 2.28 percent cobalt, 261 g/t silver and 1.65 percent nickel, 2.54 meters grading 1.87 percent cobalt, 4,763 g/t silver, 1.29 percent nickel and 1.19 g/t gold and 0.60 meters grading 3.16 percent cobalt and 10,741 g/t silver.

In a surprising development, high-grade gold of up to 22.7 g/t was unexpectedly discovered – along with high-grade cobalt, silver and nickel – in underground drilling on Level 1 in late 2019 (results announced on January 3, 2020).

In addition to the company's exploration efforts, CCW is working on obtaining an amendment to its existing advanced exploration permit so the company can move ahead with its proposed tailings program. Recent testing of material from the Castle mine's historical tailings pond has returned a calculated head assay of 459 g/t silver and produced a high-purity flotation concentrate grading 18,486 g/t silver with an initial recovery of 70 percent.

The company's on-site proprietary gravity separation pilot plant has produced an 8.25 percent cobalt concentrate from a waste pile left by previous operators. Head grades of the material from the waste pile tested graded 0.390 percent cobalt and 1,905 g/t silver.

Canada Silver Cobalt Works is led by Chairman and CEO Frank Basa, who has over 30 years of global experience in mining and development as a professional hydro-metallurgical engineer with expertise in milling, gravity concentration, flotation, leaching and refining of silver, cobalt, gold and other metals. Basa is also responsible for developing the company's proprietary Re-2OX hydrometallurgical process, an environmentally-friendly approach to extracting metals without the need of a smelter.

The battery industry has specific criteria that needs to be met in terms of its materials. For lithium-ion batteries it is necessary for companies to produce a 20 percent cobalt sulfate with limited arsenic. Canada Silver Cobalt Works has been able to demonstrate that its Re-2OX process is capable of producing a battery-grade 22.6 percent cobalt sulfate meeting these industry specifications.

Canada Silver Cobalt Works' portfolio also includes the Beaver and Violet silver-cobalt projects, both past-producers in the Cobalt camp.

canada silver cobalt works mining map

Canada Silver Cobalt Works' Company Highlights

100-percent ownership of three past-producing properties including the Castle mine near Gowganda and the Beaver and Violet silver-cobalt mines near Cobalt. The company's goal is to resume underground mining using modern mining techniques.
Silver and cobalt are essential metals in renewable energy technology. Cobalt is used in three of the four main types of lithium-ion electric car batteries, and silver is used in 90 percent of crystalline silicon photovoltaic cells in solar panels.
Preliminary metallurgical testing in 2017 returned excellent silver and cobalt recoveries and concentrate grades and subsequent testing confirmed it.
Exceptional discoveries at Castle since 2011 from sampling and drilling, intersecting very high grades of silver (mentioned above) and up to 4.68 percent cobalt along with nickel and gold.
Channel sampling in 2014 exposed significant gold and copper mineralization and led to the discovery of Castle Golden Corridor zone.
Subsequent geophysical and geochemical programs at the property has identified numerous high-potential drill targets.
Proprietary Re-2OX process achieves 99 percent cobalt recovery.
The lab/bulk sampling facility acquisition provides Canada Silver Cobalt Works with additional revenue opportunities and helps the company realize its goal of becoming a vertically-integrated leader in North America.
The company acquired 100 percent ownership of the 16 Chute-des-Passes Property claims jointly owned by SOQUEM INC. (50 percent ownership) and MINES COULON INC. (50percent ownership).

Canada Silver Cobalt Works' flagship property: Castle Mine

The 78 square-kilometer Castle cobalt-silver project is located in the historic Gowganda mining camp, 85 kilometers northwest of Cobalt, Ontario. The camp was responsible for more than 50 million ounces of high-grade silver production in the 1900s. Infrastructure on and near the property includes year-round access to roads, water, diesel power, three shafts and an adit.

Two geological trends have been identified on the property including a north-south trending Nipissing diabase intrusive, which is the typical host rock for silver-cobalt-nickel deposits in the area, and a potential gold trend along the Bloom Lake fault.

The project hosts the historical Castle mine, a former silver-cobalt mine that has reportedly produced 300,000 pounds of cobalt and 9.5 million ounces of silver. Historic underground ore grades averaged 25 ounces per tonne silver between 1923 and 1930 and 26 ounces per tonne silver between 1979 and 1989. The Castle mine's previous owner, Agnico Eagle, ceased production in 1989 due to low silver prices (in the range of US$6 per ounce).

The Cobalt camp is primarily comprised of cobalt veins that contain varying amounts of silver. In the past, miners focused on veins that contained high-grade silver and ignored the low-grade silver veins even though they contained high-grade cobalt. Cobalt was not considered important at the time and routine drill core assays only focused on silver content.

canada cobalt works mining guy

Despite the past-production at Castle, the property remains largely underexplored and may host several significant high-grade underground cobalt and silver deposits.

Castle Golden Corridor Zone

The previously discovered 800-meter Castle Golden Corridor zone is located about 1.7 kilometers from the Castle #3 shaft and has a geological setting similar to the past-producing Kirkland Lake deposit (40 million ounces of gold) located 75 kilometers to the northeast. The zone is highly prospective for high-grade hydrothermal-related gold systems with copper. The zone has been drilled to a depth of 300 meters.

Channel sampling work conducted at the Castle Golden Corridor zone in 2014 returned 2.2 meters grading 2.24 g/t gold and copper values as high as 1.03 percent. Canada Silver Cobalt Works has also identified a 725-meter-long, east to west-trending IP anomaly with an associated chargeability halo in this area.

gowganda area property map

Access to Underground Workings

Canada Silver Cobalt Works is the only company in the Cobalt camp to have fully-permitted underground access via an adit. This allows for easy entry into the mine for extracting bulk samples and exploratory drilling to target new discoveries. Access to the underground workings also speeds up the time to production as CCW won't have to spend time establishing the mine adits. Drilling from underground can also be less costly and provides greater probability of success. CCW has mapped previously discovered veins using its extensive database which contains all of the past drilling and mine workings from the early 1900s.

Throughout 2018 and 2019, Canada Silver Cobalt Works conducted underground drilling at the Castle mine. Twenty-five percent of the assayed holes returned high-grade intercepts of 1.77 meters grading 1.05 percent to 3.7 percent cobalt. Additional drilling highlights include:

28 percent cobalt, 261 g/t silver and 1.65 percent nickel over seven meters in hole CA18-001
70 percent cobalt, 4,763 g/t silver, 1.29 percent nickel and 1.19 g/t gold over 2.54 meters in CA18-002
16 percent cobalt and 10,741 g/t silver over 0.60 meters in CA18-003

castle-silver-access-to-underground

Pilot Plant

Management is working towards the eventual construction of a state-of-the-art 600 tonne per day gravity flotation cyanidation mill at Castle or nearby.

An on-site pilot plant has produced an 8.25 percent cobalt concentrate from waste material. Head grades from the waste pile left behind by previous operators tested 0.390 percent cobalt and 1,905 g/t silver.

TTL: Metallurgical Potential for Cobalt Products and Battery Recycling

With the goal of realizing the company's vision of becoming a vertically-integrated leader in North America, Canada Silver Cobalt Works has acquired Temiskaming Testing Labs (formerly PolyMet Labs), an ISO-certified lab facility with mineral and precious metals processing located in Cobalt, Ontario.

The 23,000-square-foot facility provides bullion pouring, bulk sampling, commercial assaying and e-waste processing services to the numerous mining operations in the area. The facility is also capable of processing mixed computer boards through its shredder and ball mill to recover precious and base metals.

The building is located near the company's Castle and Beaver mines and will host Canada Silver Cobalt Works' headquarters and proprietary Re-2OX process.

The company has poured three 300-ounce silver bars in a proof-of-concept test at the facility. The test was able to prove that the Castle mine has the potential to produce silver as well as cobalt from the underground and surface waste material and tailings. The pilot plant at the Castle mine separated leaf silver and created a silver gravity concentrate from mineralized waste material. The concentrate and silver leaf were smelted at the lab before forming the bars.

CCW was also able to recover cobalt from the same mineralized waste material using its Re-2OX process. The recovered materials were then sent to SGS Lakefield to produce a cobalt sulfate.

canada cobalt works mine sluicer

The Re-2OX hydrometallurgical process

The Re-2OX hydrometallurgical process is designed to recover multiple metals and elements from all types of feedstocks with varying chemistries. The process was developed by Canada Silver Cobalt Works CEO Frank Basa in conjunction with the National Research Council of Canada (NRC), Canada's premier scientific research organization.

To date, Canada Silver Cobalt Works has produced a cobalt sulfate in the lab and is working on developing other products for potential customers that utilizes the Re-2OX process. To this aim, the company has been conducting advanced-stage testing on the process with SGS Lakefield to determine the viability of recycling spent lithium-ion batteries. Canada Silver Cobalt Works believes that the Re-2OX process can help fulfill the demand for ethically-sourced cobalt, creating compelling opportunities in the battery and renewable energy sectors.

Re-2Ox Process Flowsheet

In May 2018, Canada Silver Cobalt Works announced that the Re-2OX process had successfully recovered 99 percent cobalt and 81 percent nickel from a composite of gravity concentrates. The process was also successful in removing 99 percent of arsenic, placing the company in a competitive position as battery manufacturers prefer to use cobalt with low arsenic contents.

Canada Silver Cobalt Works' Other Projects

Canada Silver Cobalt Works also owns two other highly-prospective properties in the Cobalt mining camp: the Beaver and Violet mines.

canada cobalt works prospective properties

Cobalt Potential at Beaver

The Beaver silver-cobalt project is located in Ontario's historic Cobalt mining camp, adjacent to the former Timiskaming silver mine and approximately 80 kilometers southeast of the past-producing Castle mine. The project itself includes a former producer, the Beaver mine, which produced 7.1 million ounces of silver and 139,472 pounds of cobalt from 1907 to 1940.

High-grade mineralization has been repeatedly confirmed at Beaver. In 2017, selected hand-cobbed sample material at surface averaged 4.68 percent cobalt, 46.9 g/t silver, 3.09 percent nickel, 46.9 g/t silver and 0.08 g/t gold.

This follows sampling of historical waste rock and tailings at Beaver in 2013 that returned 7.98 percent cobalt, 3.98 percent nickel and 1,246 g/t silver.

Canada Silver Cobalt Works also holds the formerly producing Violet silver-cobalt mine located near the Beaver property in the Cobalt mining camp.

: Cobalt rosettes in a quartz-carbonate vein at the Beaver Silver Mine

Canada Silver Cobalt Works' Management Team

Frank J. Basa, P. Eng.—CEO and Chairman

Frank Basa has over 28 years' global experience in mining and development as a professional hydro-metallurgical engineer with expertise in milling, gravity concentration, flotation, leaching and refining of silver, cobalt, gold and other metals. He is a member of the Professional Engineers of Ontario and a graduate of McGill University. Basa has been the Chairman, Chief Executive Officer and President of Granada Gold Mine Inc. since June 18, 2004.

Mr. Matt Halliday, P.Geo.—President, COO, VP Exploration

Mr. Halliday first joined Canada Silver Cobalt late last year from Kirkland Lake Gold where he served as resource geologist. A graduate of Dalhousie University in 2007, Mr. Halliday honed his skills for almost eight years with SGS Geostat, known as global leaders in orebody modelling and reserve evaluation. In 2016 he was part of the SGS team that pushed machine learning into the geological realm and claimed top prize in the $1 million Integra Gold Challenge.

Ryan Webster—CFO

Mr. Webster has more than 15 years of experience in public company financing and as CFO for mining companies. He is a Chartered Professional Accountant (CMA) and Chartered Financial Analyst.

Dianne Tookenay, M.P.A. B. Admin—Director

Dianne Tookenay holds a Certificate in Mining Law from the Osgoode Hall Law School, York University, a Joint Masters of Public Administration from the University of Manitoba, a Bachelor of Administration from Lakehead University and Native Band Management and Indian Economic Development Diplomas from Confederation College Applied Arts and Technology. Tookenay's experience, knowledge and deep roots within the First Nation communities will continue to add significant value to Canada Silver Cobalt Works' development efforts over the coming years.

Jacques F. Monette—Director

Jacques Monette is a career miner who has been engaged in every facet of underground mining for more than 40 years. His previous positions included Shaft Project Coordinator with Cementation Canada Inc., Vice President of Operations/Mining Division for Wabi Development Corp., Vice President of Development for CMAC Mining Group, Operations Manager for Moran Mining and Tunneling, as well as Area Manager for J.S. Redpath Group.

Robert Setter B.A. Econ.—Director

Robert Setter is the former Senior Financial Editor for Report on Mining. He brings an extensive business, marketing and analysis background to the company, is a graduate of UBC and holds a BA in Economics. Setter serves as Corporate Research and Analytics for Granada Gold Mine Inc. since 2012.

Tina Whyte — Corporate Secretary

Tina Whyte brings over 20 years of experience in the corporate and securities industry. Her expertise spans to areas of corporate governance, continuous disclosure, financing transactions, regulatory filings and compliance. Whyte holds corporate secretary positions with other publicly-listed companies.

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Santacruz Silver

Multi-Mine Mexican Silver Production

Overview

Santacruz Silver Mining (TSXV:SCZ,OTC:SZSMF,FSE:1SZ) is poised to become Mexico’s next mid-tier silver producer. The company is expecting significant growth after a low-cost acquisition of the Zimapan mine for only US$4.96 per ounce silver equivalent (AgEq) of average annual production. The property is located within the Zimapan mining district, which has been the site of prolific precious metals mining for nearly half a century.

Peñoles, Mexico’s second largest mining company, operated the Zimapan mine from 1964 until it leasing the mine to Santacruz in August 2009. From 2011 to 2019, Santacruz completed roughly 30,000 meters of underground drilling and mined approximately 5.9 million tonnes of mineralized material. The Zimapan property covers over 5,000 hectares that remains largely unexplored, with current mining activity limited to less than 5 percent of the total property. The company is now exploring numerous opportunities for low-cost production expansion.

Santacruz’s Rosario project is located in the historic mining district of Charcas, one of Mexico’s most prolific mining sites and home to two world-class vein systems, Rosario and Membrillo. The Rosario property offers many similarities to the contiguous Charcos mine owned by Grupo Mexico (BMV:GMEXICOB), a world leader in precious metals production. In 2019, Santacruz’s Rosario mine and processing facility produced 466 Koz AgEq from 76,000 tonnes of mill feed (190 g/t AgEq) at an all-in sustaining cost (AISC) of US$26.68 per oz AgEq. In the first half of 2020, the company generated 144,0000 oz AgEq at an AISC of US$30.43 per oz AgEq.

Both the Zimapan and Rosario properties benefit significantly from exceptional infrastructure, with access through paved and dirt roads, water supply, grid power and skilled labor. Both properties also host significant exploration upside and new discovery potential. The Rosario mine includes 3,000 ha of unexplored mineralized areas, and recent drilling has confirmed higher silver grades across the Membrillo vein. The company has also planned a 35,000 m diamond drill program to substantially increase resources.

Santacruz is managed by a renowned technical team with a proven track record of success in discovering, developing, and operating silver mines in Mexico. The company’s CEO, Carlos Silva Ramos, is a seasoned mining executive who offers more than three decades of expertise and extensive experience with the Zimapan mine. As co-founder of Carrizal Mining SA de CV, he increased mining and milling operations from 1,400 to 3,200 tons per day.

Santacruz also controls 8,900 ha of the historic Zacatecas silver mining belt, which hosts prolific mines such as the Fresnillo silver mine operated by Peñoles and the Cozamin mine, operated by Capstone Mining (TSX:CS). The Veta Grande mine is located in the renowned mining district of Veta Grande, Zacatecas, and currently operates at 430 tonnes per day (tpd) milling capacity. Construction is already underway to increase capacity to 750 tpd or more.

The company is intent on leveraging its multiple properties in historic, mining-friendly jurisdictions to position itself as Mexico’s next mid-tier silver producer. For the remainder of 2020, Santacruz plans on increasing silver head grades by 64 percent, boosting mill throughput tonnage and investigating unexplored mineralization on its Zimapan and Rosario properties.

Santacruz has also been recognized by the Initiative for Responsible Mining Assurance (IRMA) for Transparency after an audit for compliance against the IRMA Standard for Responsible Mining. Carlos Silva, CEO of Santacruz stated, “Receiving recognition for IRMA Transparency is an important milestone as we advance along IRMA’s process. This norm will help us to continue to improve our business practices that go beyond industry standards for social responsibility, which translates into a culture of mutual respect and ultimately success for the Company and its employees as we strive to meet our corporate objectives.”

Santacruz Silver Mining Company Highlights

Santacruz Silver Mining has positioned itself to become Mexico’s next mid-tier silver producer through strategic exploration and resource development. The company recently acquired the historic Zimapan mine at a low cost.
The company’s technical and management team offers a proven track record of building efficient and sustainable mines in Mexico.
Santacruz’s Zimapan property spans more than 5,000 ha that remain largely unexplored. Mining activity on 5 percent of the property produced 5.9 million tonnes of mineralized material between 2011 and 2019.
The company’s Rosario project is located in the historic mining district of Charcas and is home to two world-class vein systems, Rosario and Membrillo. The Rosario property includes 3,000 ha of unexplored mineralized areas. Recent drilling has confirmed higher silver grades across the Membrillo vein.
Santacruz’s Veta Grande mine, located within the historic Zacatecas silver mining belt, currently operates at 430 tpd milling capacity. Construction is already underway to increase capacity to 750 tpd or more.

Zimapan Project

zimapan mine location map

The Zimapan mine is located seven kilometres from the municipality of Zimapan in Hidalgo, Mexico. The property is situated along the southern margin of the prolific Sierra Madre Oriental and contains 14 mineralization zones—six at the Carrizal mine and eight at El Monte.

Mineralization

The Zimapan property contains high-temperature carbonate replacement deposits of silver, lead, zinc and copper in semi-massive and massive sulphide bodies hosted in skarns, which are usually 20 m wide and 200 m long, and quartz-feldspar porphyry dikes.

Mineral zones located within the Zimapan property have been characterized with the ideal structure for high-volume, low-cost underground mining. The Carrizal and El Monte mines are connected by a 7.4 km underground access tunnel. Underground mining at Zimapan involves cut-and-fill, long-hole and sub-level stoping.

The processing facility at Zimapan relies on three circuits for the production of high-quality lead, zinc and copper concentrates. Overall process recoveries include 67% silver, 64% lead, 70% zinc and 52% copper. Between 2010 and 2019, Santacruz produced 5.9 million tonnes of precious metals from the Zimapan mine.

Rosario Project

rosario project map

The Rosario property consists of 2,900 ha located in the prolific Mexican mining district of Charcas, roughly 180 km north of the city of San Luis Potosi. The current primary source of mill feed is the Membrillo prospect, a mesothermal, low-sulphidation and polymetallic vein system of silver, gold, zinc and lead that carries to the surface. The mine’s milling capacity is currently 500 tpd, but the company plans on quickly expanding its throughput by an additional 150 tpd.

Santacruz Silver Mining Management Team

Arturo Préstamo Elizondo—President and CEO

Arturo Préstamo Elizondo holds a CPA degree from the University of Monterrey, a master’s degree from EGADE University and a professional degree from IPADE Business School. With more than 10 years of executive and operational experience in the mining industry (precious metals), Elizondo has worked for different public companies as director of planning, corporate finance and investor relations. Elizondo is a member of Mexico’s Mining Chamber, and participates actively in different mining initiatives in the country.

Carlos Silva Ramos—COO

Silva Ramos has a degree in mine engineering from the University of Guanajuato, and additionally holds an MBA from ITESM (Instituto Tecnologico de Estudios Superiores Monterrey). He has more than 30 years of experience working in the mining industry in Mexico with both senior and junior mining companies, the last 17 years of which were in senior management roles.

Silva co-founded Carrizal Mining SA de CV, a private Mexican silver producer. During his nine-year tenure at Carrizal, he successfully increased the mining and milling operations of the Zimapan Mine in Hidalgo, Mexico, from 1,400 tpd to 3,200 tpd. Prior to this, Silva held senior management positions at the Tayoltita mine located in San Dimas, Durango, Mexico. During his time with the Tayoltita mine, production was increased from an initial rate of 1,800 tpd to an eventual final rate of 3,200 tpd.

Robert McMorran—CFO and Corporate Secretary

Robert McMorran has a CPA, CA designation and 30 years of experience in financial reporting and administration of public companies, the last 20 years through his private management company, Malaspina Consultants. During this time, McMorran has served as an officer and director of several public companies, primarily involved in mineral exploration and development.

Roland Löhner—Director

Roland Löhner has been a senior partner and managing director of the Boston Consulting Group (BCG) for the last 20 years and during the last 5 years he has held the position of managing director for Latin America. He is fluent in Spanish, German, French, English, Portuguese, Dutch and Italian. After retirement, he continues to serve as a senior advisor to BCG.

Larry Okada—Director

Larry Okada is a member of both the Canadian Institute of Chartered Professional Accountants and the Washington State Certified Public Accountants Association with over 43 years of experience providing financial management services to publicly traded companies, with emphasis on mineral companies. He is currently a director of several public companies including EMX Royalty, Forum Uranium and Rokmaster Resources.

Federico Villaseñor—Director

Federico Villasenor graduated with a B.Sc. in mining and metallurgy from the University of Guanajuato, a master’s of mineral economics from Columbia University and a finance degree from the Instituto Tecnologico Autonomo de Mexico. His career has spanned 40 years in the mining industry, including roles with Penoles, Grupo Mexico, Goldcorp and as a director of Starcore International Mines.

Barry Girling—Director

Barry Girling has been active in various aspects of mineral exploration since 1977. He couples his geological understanding with a B.Com. (Finance) degree from the University of British Columbia to provide consulting services to a number of TSX Venture Exchange companies. He has strong capital markets experience and has been a founder and director of multiple TSXV listed companies over the past 20 years including I-Minerals Inc, Roxgold and Silver One Resources prior to joining Santacruz Silver Mining.

This profile is sponsored by Santacruz Silver Mining (TSXV:SCZ,OTC:SZSMF,FSE:1SZ). This profile provides information which was sourced by the Investing News Network (INN) and approved by Santacruz Silver Mining, in order to help investors learn more about the company. Santacruz Silver Mining is a client of INN. The company’s campaign fees pay for INN to create and update this profile.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services, or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Santacruz Silver Mining and seek advice from a qualified investment advisor.

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