Core Silver Corp. press release

Core Assets Drills 5.64m of 254g/t Ag, 9.9% Pb+Zn, 0.11% Cu and 0.12g/t Au Including 424g/t Ag, 17.4% Pb+Zn, 0.20% Cu, and 0.14g/t Au Over 3.15m at the Blue Property

2023-03-29

CSE - Canadian National Stock Exchange · Silver · Zinc · Lead · Copper · Gold · Molybdenum · Canada

To view a video presentation based on today's news release by CEO Nick Rodway, Click HERE

Link: https://youtu.be/bCDOrTNa72k

VANCOUVER, BC / ACCESSWIRE / March 29, 2023 / Core Assets Corp., ("Core Assets" or the "Company") (CSE:CC) (FSE:5RJ) (OTCQB:CCOOF) is pleased to announce assay results from the remaining diamond drill holes completed during the 2022 exploration program at the Silver Lime Porphyry-CRD Project (the "Silver Lime Project" or "Silver Lime") and the Laverdiere Skarn-Porphyry Project (the"Laverdiere Project" or"Laverdiere")at the Blue Property (the" Blue Property")located in the Atlin Mining District of NW British Columbia.

A total of 1,497 metres of diamond drilling were completed at the Grizzly CRD Target in 2022. First-pass diamond drilling at the Grizzly Target intersected significant near surface, high-grade carbonate replacement mineralization (Figures 1-2; Tables 1, 3).

Grizzly CRD Target Highlights

SLM22-011 intersected 5.64m of 659g/t AgEq (254g/t Ag, 5.1% Pb, 4.8% Zn, 0.11% Cu and 0.12g/t Au) from 57.36m core depthincluding3.15m of 1,132g/t AgEq (424g/t Ag, 9.1% Pb, 8.3% Zn, 0.20% Cu, and 0.14g/t Au), and extending the previously rushed carbonate replacement massive sulphide intercept which included 1.16mof 3,056g/t AgEq (1,145g/t Ag, 23.2% Pb, 23.5% Zn, 0.52% Cu, and 0.37g/t Ag) from 58.54m depth. SLM22-010intersected 2m of 218g/t AgEq (99g/t Ag, 0.4% Pb, 1.8% Zn, and 0.5% Cu)from 276m depth, including 0.90m of287g/t AgEq (141g/t Ag, 0.5% Pb, 2.5% Zn, and 0.14% Cu). SLM22-009intersected 2.23m of 124g/t AgEq (63g/t Ag, 0.6% Pb, and 0.9% Zn) from 143m depth, including 0.73m of 375g/t AgEq (192g/t Ag, 1.9% Pb, and 2.6% Zn). All drill intercepts remain open in multiple directions and at depth (down-dip).

Core Assets' President & CEO Nick Rodway commented: "The first ever drill season at the Silver Lime and Laverdiere projects have yielded remarkable results - confirming the presence of large, well-mineralized porphyry-skarn and CRD systems. Data collected in 2022 will allow us to execute a targeted, fully funded-CRD focused drilling program which will begin in the next few months. As we begin to demonstrate continuity in our new discoveries, we plan to step out into thicker limestone sequences to the northwest of Silver Lime and test the additional >250 CRD occurrences that have been mapped at surface. We are confident that the 2023 exploration season will be transformational for the company and its shareholders."

| Table 1: 2022 Assay Highlights from the Grizzly CRD Target | | | | | | | | | | | Hole | From (m) | To (m) | Interval (m) | Ag g/t | Pb % | Zn % | Cu % | Au g/t | Ag Eq | | SLM22-011 | 57.36 | 63.00 | 5.64 | 254 | 5.1 | 4.8 | 0.11 | 0.12 | 659 | | Including | 57.36 | 60.51 | 3.15 | 424 | 9.1 | 8.3 | 0.20 | 0.14 | 1132 | | and | 58.54 | 59.70 | 1.16 | 1145 | 23.2 | 23.5 | 0.52 | 0.37 | 3056 | | SLM22-010 | 134.04 | 135.22 | 1.18 | 50 | 0.7 | 0.9 | 0.05 | - | 120 | | SLM22-010 | 276.00 | 278.00 | 2.00 | 99 | 0.4 | 1.8 | 0.18 | - | 217 | | Including | 277.10 | 278.00 | 0.90 | 141 | 0.5 | 2.5 | 0.14 | - | 287 | | SLM22-009 | 124.16 | 125.75 | 1.59 | 33 | 1.2 | 0.6 | - | - | 101 | | Including | 124.66 | 125.75 | 1.09 | 50 | 1.9 | 0.9 | - | - | 153 | | SLM22-009 | 143.00 | 145.23 | 2.23 | 63 | 0.6 | 0.9 | - | - | 123 | | Including | 144.50 | 145.23 | 0.73 | 192 | 1.9 | 2.6 | - | - | 372 |

Assay results are presented as uncut weighted averages and assume 100% metal recovery. Interval widths represent drilled HQ core lengths and true width is unknown currently. indicates partial drill hole assay results were previously released. Silver equivalent (AgEq) grades are calculated using metal prices of silver US$21.25/oz., gold US$1,850/oz, copper US$4.00/lb, lead US$1.00/lb and zinc US$1.40/lb. Silver equivalent grade is calculated as AgEq (g/t) = Ag (g/t) + (Cu (%) 129.08) + (Pb (%) 32.27) + (Zn (%) 45.18) + (Au (g/t) 87.06)._

Figure 1: Schematic cross-section looking north through the Grizzly CRD Target at the Silver Lime Project showing 2022 drilling assay highlights intercepts (AgEq) in relation to the inferred depth extent of mineralization targeted during the 2022 drilling program.

A total of 2,769 metres of diamond drilling were completed at the Sulphide City Porphyry-Skarn Target in 2022. First-pass diamond drilling intersected widespread and consistent porphyry Molybdenum (Mo) mineralization, local high grade porphyry Mo veining, and massive sulphide Zn-rich skarn mineralization.

Sulphide City Porphyry-Skarn Target Highlights

SLM22-005 intersected 4.51m of 172g/t AgEq (50g/t Ag, 2.5% Zn, 0.3% Pb, and 0.1% Cu) from 32.70m depth, including 0.56m of 709g/t AgEq (148g/t Ag, 12.1% Zn, 0.4%, and 0.2% Cu). SLM22-006 returned 99.82m of 0.016% Mo from 322m depth, including 10.82m of 0.043% Mo and 0.63m of 0.385% Mo. SLM22-007 intersected 1.26m of 389g/t AgEq and 3.06% CuEq (91g/t Ag, 1.5% Zn, 1.5% Pb, and 1.4% Cu) from 56.91m depth, and 1.17m of 11.3% Zn, 9g/t Ag, and 0.1% Cu from 96.15m depth. SLM22-008 intersected 1m of 4.23% Zn, 7g/t Ag, and 0.2% Cu from 219.6m depth. SLM22-013 returned 0.53m of 9% Zn from 242.78m depth. SLM22-014 intersected 14.53m of 0.029% Mo from 266m depth, within 101.38m grading 0.013% Mo and including 2m of 0.137% Mo from 277m depth. SLM22-015 returned 147.45m of 0.012% Mo from 190.05m depth, within 350m grading 0.008% Mo and including 2m of 0.075% Mo from 216m depth.

Figure 2: Schematic plan view map of the Grizzly and Sulphide City targets at the Silver Lime Project showing 2022 drilling locations, Ag (g/t) in surface samples, downhole Mo % (Sulphide City) and Ag g/t (Grizzly - Red Star) assay highlights. *_indicates steeply dipping drillhole._

| Table 2: 2022 Assay Highlights from the Sulphide City Porphyry-Skarn Target | | | | | | | | | | | | Hole | From (m) | To (m) | Interval (m) | Ag g/t | Cu % | Pb % | Zn % | Mo % | AgEq | CuEq | | SLM22-005 | 32.70 | 37.21 | 4.51 | 50 | - | 0.3 | 2.5 | 0.002 | 172 | | | Including | 35.52 | 37.21 | 1.69 | 111 | - | 0.5 | 5.0 | - | 355 | | | and | 36.65 | 37.21 | 0.56 | 148 | 0.17 | 0.4 | 12.1 | - | 709 | | | SLM22-005 | 59.00 | 62.00 | 3.00 | 4 | - | - | 4.0 | 0.002 | | | | Including | 60.04 | 60.60 | 0.56 | 7 | - | - | 12.1 | 0.003 | | | | Hole | From (m) | To (m) | Interval (m) | Ag g/t | Cu % | Pb % | Zn % | Mo % | AgEq | CuEq | | SLM22-006 | 74.02 | 86.36 | 12.34 | 4 | 0.11 | - | 0.7 | 0.006 | | | | Including | 74.02 | 76.00 | 1.98 | 11 | 0.33 | - | 3.7 | 0.004 | | 1.75 | | and | 75.00 | 76.00 | 1.00 | 19 | 0.57 | - | 5.9 | 0.003 | | 2.79 | | SLM22-006 | 277.00 | 470.00 | 193.00 | 2 | - | - | - | 0.012 | | | | Including | 322.00 | 421.82 | 99.82 | 0 | - | - | - | 0.016 | | | | 411.00 | 421.82 | 10.82 | 2 | - | - | 0.1 | 0.043 | | | | | 417.00 | 420.50 | 3.50 | 1 | - | - | - | 0.100 | | | | | 418.82 | 419.45 | 0.63 | 0 | - | - | - | 0.385 | | | | | 447.75 | 470.00 | 22.25 | 12 | 0.10 | 0.1 | 0.2 | 0.007 | | | | | 447.75 | 456.39 | 8.64 | 23 | 0.15 | 0.2 | 0.5 | 0.001 | 69 | | | | 453.09 | 456.39 | 3.30 | 47 | 0.25 | 0.3 | 1.0 | 0.002 | 134 | 1.06 | | | 453.09 | 455.00 | 1.91 | 61 | 0.25 | 0.6 | 1.5 | - | 180 | 1.40 | | | and | 453.09 | 453.76 | 0.67 | 117 | 0.37 | 1.3 | 2.6 | - | 322 | 2.50 | | Hole | From (m) | To (m) | Interval (m) | Ag g/t | Cu % | Pb % | Zn % | Mo % | AgEq | CuEq | | SLM22-007 | 33.24 | 34.45 | 1.21 | 6 | - | - | 6.8 | - | | | | SLM22-007 | 44.14 | 58.17 | 14.03 | 11 | 0.16 | 0.1 | 1.1 | 0.005 | | | | Including | 50.89 | 58.17 | 7.28 | 16 | 0.23 | 0.2 | 1.5 | 0.007 | | 0.99 | | 50.89 | 55.00 | 4.11 | 6 | - | - | 1.7 | 0.010 | | | | | and | 56.91 | 58.17 | 1.26 | 91 | 1.39 | 1.5 | 1.5 | 0.007 | 389 | 3.06 | | SLM22-007 | 96.12 | 110.63 | 14.51 | 3 | - | - | 1.8 | 0.002 | | | | Including | 96.12 | 97.29 | 1.17 | 9 | 0.13 | - | 11.3 | - | | | | and | 96.12 | 98.25 | 2.13 | 6 | 0.10 | - | 6.5 | - | | | | SLM22-007 | 297.00 | 299.05 | 2.05 | 10 | 0.16 | - | 1.3 | 0.008 | | | | Hole | From (m) | To (m) | Interval (m) | Ag g/t | Cu % | Pb % | Zn % | Mo % | AgEq | CuEq | | SLM22-008 | 151.93 | 153.00 | 1.07 | 11 | 0.24 | - | 4.5 | 0.007 | | | | SLM22-008 | 219.60 | 220.60 | 1.00 | 7 | 0.18 | - | 4.2 | 0.001 | | | | SLM22-008 | 280.32 | 281.45 | 1.13 | 9 | 0.18 | 0.10 | 11.9 | - | | | | SLM22-008 | 306.67 | 309.00 | 2.33 | 3 | - | - | 5.3 | - | | | | Hole | From (m) | To (m) | Interval (m) | Ag g/t | Cu % | Pb % | Zn % | Mo % | AgEq | CuEq | | SLM22-013 | 76.50 | 77.50 | 1.00 | 10 | 0.20 | - | - | 0.014 | | 0.38 | | SLM22-013 | 171.13 | 171.86 | 0.73 | 40 | 1.77 | 0.1 | 0.1 | 0.002 | 277 | 2.16 | | SLM22-013 | 234.62 | 235.80 | 1.18 | 12 | 0.16 | 0.1 | 1.1 | 0.002 | | | | SLM22-013 | 242.78 | 243.31 | 0.53 | 2 | - | - | 9.0 | - | | | | Hole | From (m) | To (m) | Interval (m) | Ag g/t | Cu % | Pb % | Zn % | Mo % | AgEq | CuEq | | SLM22-014 | 188.00 | 289.38 | 101.38 | 0.3 | - | - | - | 0.013 | | | | Including | 268.00 | 280.53 | 12.53 | 1 | - | - | - | 0.029 | | | | 273.39 | 287.00 | 13.61 | 0.8 | - | - | - | 0.026 | | | | | and | 277.00 | 279.00 | 2.00 | 0.5 | - | - | - | 0.137 | | | | SLM22-014 | 401.00 | 406.05 | 5.05 | 0.3 | - | - | - | 0.031 | | | | Including | 405.00 | 406.05 | 1.05 | 0.3 | - | - | - | 0.102 | | | | Hole | From (m) | To (m) | Interval (m) | Ag g/t | Cu % | Pb % | Zn % | Mo % | AgEq | CuEq | | SLM22-015 | 51.50 | 57.00 | 5.50 | 5 | 0.09 | 0.1 | 0.2 | - | | | | Including | 53.00 | 55.00 | 2.00 | 13 | 0.19 | 0.2 | 0.4 | - | | | | SLM22-015 | 121.00 | 471.00 | 350.00 | 0.2 | - | - | - | 0.008 | | | | Including | 190.05 | 337.50 | 147.45 | 0.1 | - | - | - | 0.012 | | | | 216.00 | 218.00 | 2.00 | 0.2 | - | - | - | 0.075 | | | | | 259.72 | 279.00 | 19.28 | 0.1 | - | - | - | 0.020 | | | | | and | 261.00 | 268.00 | 7.00 | 0.1 | - | - | - | 0.027 | | |

Assay results are presented as uncut weighted averages and assume 100% metal recovery. Interval widths represent drilled HQ core lengths and true width is unknown currently. indicates partial drill hole assay results were previously released. Silver equivalent (AgEq) and Copper equivalent (CuEq) grades are calculated using metal prices of silver US$21.25/oz., gold US$1,850/oz, copper US$4.00/lb, lead US$1.00/lb, molybdenum at US$30.00/lb, and zinc US$1.40/lb. Silver equivalent grade is calculated as AgEq (g/t) = Ag (g/t) + (Cu (%) 129.08) + (Pb (%) 32.27) + (Zn (%) 45.18) + (Au (g/t) 87.06). Copper equivalent grade is calculated as CuEq (%) = Cu (%) + Ag*0.0077) + (Pb (%) 0.25) + (Zn (%) 0.35) + (Au (g/t) 0.674 + (Mo (%) 7.5)._

| Table 3: 2022 Diamond Drilling Data - Sulphide City and Grizzly Targets | | | | | | | | | DDH | Target | Easting (m) | Northing (m) | Elevation (m) | Azimuth | Dip | DDH Depth | | SLM22-005 | Sulphide City Target | 536735 | 6558664 | 1645 | 0 | -45 | 137 | | SLM22-006 | Sulphide City Target | 536735 | 6558658 | 1645 | 0 | -90 | 470 | | SLM22-007 | Sulphide City Target | 536735 | 6558661 | 1645 | 0 | -60 | 416 | | SLM22-008 | Sulphide City Target | 536738 | 6558659 | 1645 | 60 | -45 | 461 | | SLM22-009 | Grizzly Target | 537176 | 6558673 | 1846 | 178 | -50 | 387 | | SLM22-010 | Grizzly Target | 537175 | 6558674 | 1846 | 240 | -65 | 422 | | SLM22-011 | Grizzly Target | 537175 | 6558674 | 1846 | 260 | -65 | 338 | | SLM22-012 | Grizzly Target | 537175 | 6558674 | 1846 | 300 | -55 | 350 | | SLM22-013 | Sulphide City Target | 536732 | 6558656 | 1645 | 225 | -45 | 400 | | SLM22-014 | Sulphide City Target | 536737 | 6558656 | 1645 | 150 | -50 | 414 | | SLM22-015 | Sulphide City Target | 536735 | 6558656 | 1645 | 185 | -50 | 471 |

A total of 1,806 metres of diamond drilling were completed at the Laverdiere Skarn-Porphyry Project in 2022. First-pass diamond drilling intersected significant near surface, high-grade Fe-Cu-Au-Mo skarn mineralization associated with a potassically altered porphyry intrusion containing widespread porphyry Cu-Mo-Au mineralization and veining (Figure 3; Tables 4-5).

Laverdiere Skarn-Porphyry Project Highlights

LAV22-001 intersected 48.54m of 1.02% CuEq (0.90% Cu, 6g/t Ag, and 0.11g/t Ag) from 31.46m, including 0.60m of 5.51% CuEq (5% Cu, 33g/t Ag, and 0.36 g/t Au) from 42.15m depth. LAV22-001 also intersected 1.51m of 4.59g/t Au from 163.49m depth in the Llewellyn Fault Zone (LFZ) LAV22-002 returned 223m of 0.20% CuEq (0.11% Cu, 2g/t Ag, and 0.006% Mo) from 15.00m depth, including 79m of 0.26% CuEq, and 24.42m of 0.50% CuEq. LAV22-003 returned 30.49m of 0.22% CuEq (0.12% Cu, 2g/t Ag, 0.03 g/t Au, and 009% Mo) from 4.51m depth. LAV22-004 intersected 7.66m of 0.24% Cu, 0.014% Mo, 3.4g/t Ag, and 0.07g/t Au from 222m depth, including 2.46m of 0.37% Cu, 0.022% Mo, 6.6g/t Ag, and 0.21g/t Au from 227.2m depth. LAV22-005 returned 83.22m of 0.016% Mo, 0.12% Cu, 0.8g/t Ag, and 0.03g/t Au (0.27% CuEq) including 31.08m of 0.042% Mo, and 6.2m of 0.105% Mo from 6.9m depth. LAV22-006 intersected 348.65m of 0.010 % Mo from 3.35m depth, including 183m of 0.018% Mo, 11m of 0.092% Mo (0.13% Cu, 5g/t Ag (0.84% CuEq), and 5.5m of 0.11% Mo. LAV22-006 also returned 107.38m of 0.31 CuEq (0.11% Cu, 0.023% Mo, 0.9g/t Au, and 0.02g/t Au) from 144.62m depth, including 41m of 0.60% CuEq (0.27% Cu, 0.037% Mo, 2g/t Ag, and 0.05g/t Au), and 0.9m of 6.09% CuEq (5.08% Cu, 23g/t Ag, 1.25g/t Au) from 166.64m depth.

| Table 4: 2022 Assay Highlights from the Laverdiere Skarn-Porphyry Project | | | | | | | | | | DDH | From (m) | To (m) | Interval (m) | Au g/t | Ag g/t | Cu % | Mo % | CuEq | | LAV22-001* | 0.95 | 268.00 | 267.05 | 0.04 | 1 | 0.17 | | 0.21 | | LAV22-001* | 0.95 | 96.00 | 95.05 | 0.06 | 3 | 0.47 | | 0.54 | | Including | 31.46 | 80.00 | 48.54 | 0.11 | 6 | 0.90 | | 1.02 | | 42.15 | 42.75 | 0.60 | 0.36 | 33 | 5.01 | | 5.51 | | | and | 78.00 | 78.70 | 0.70 | 0.25 | 13 | 2.24 | | 2.51 | | LAV22-001* | 163.49 | 165.00 | 1.51 | 4.59 | 0.4 | - | | | | DDH | From (m) | To (m) | Interval (m) | Au g/t | Ag g/t | Cu % | Mo % | CuEq | | LAV22-002* | 2.98 | 402.30 | 399.32 | 0.03 | 1 | 0.07 | 0.003 | 0.12 | | LAV22-002* | 15.00 | 238.00 | 223.00 | 0.05 | 2 | 0.11 | 0.006 | 0.20 | | LAV22-002* | 20.35 | 21.85 | 1.50 | 0.34 | 22 | 1.08 | 0.007 | 1.52 | | Including | 20.35 | 20.92 | 0.57 | 0.20 | 53 | 2.74 | 0.000 | 3.28 | | LAV22-002* | 63.67 | 110.00 | 46.33 | - | 0.8 | 0.08 | 0.022 | 0.25 | | Including | 64.74 | 65.82 | 1.08 | - | 0.3 | - | 0.100 | | | 82.53 | 83.32 | 0.79 | 0.02 | 0.3 | - | 0.316 | | | | And | 84.85 | 86.68 | 1.83 | - | 0.5 | - | 0.103 | | | LAV22-002* | 102.00 | 110.00 | 8.00 | 0.05 | 3 | 0.43 | - | 0.49 | | Including | 102.00 | 106.00 | 4.00 | 0.09 | 5 | 0.80 | - | 0.90 | | and | 104.00 | 106.00 | 2.00 | 0.30 | 19 | 3.01 | - | 3.36 | | LAV22-002* | 159.00 | 238.00 | 79.00 | 0.10 | 3 | 0.16 | 0.002 | 0.26 | | Including | 159.00 | 177.24 | 18.24 | 0.16 | 3 | 0.19 | 0.001 | 0.33 | | 159.00 | 159.70 | 0.70 | 1.15 | 11 | 0.68 | - | 1.54 | | | 173.00 | 227.00 | 54.00 | 0.12 | 3 | 0.19 | 0.002 | 0.31 | | | 173.00 | 175.00 | 2.00 | 1.66 | 11 | 0.75 | 0.020 | 2.10 | | | 207.23 | 231.65 | 24.42 | 0.16 | 4 | 0.32 | 0.005 | 0.50 | | | 207.23 | 222.00 | 14.77 | 0.25 | 6 | 0.41 | 0.003 | 0.65 | | | 207.23 | 209.00 | 1.77 | 2.05 | 24 | 1.13 | 0.001 | 2.71 | | | 221.00 | 222.00 | 1.00 | 0.21 | 5 | 1.07 | - | 1.25 | | | 224.00 | 227.00 | 3.00 | 0.04 | 2 | 0.40 | 0.011 | 0.53 | | | 224.00 | 225.50 | 1.50 | 0.09 | 6 | 0.92 | 0.029 | 1.24 | | | and | 225.50 | 229.17 | 3.67 | 0.04 | 2 | 0.39 | 0.020 | 0.58 | | LAV22-002* | 297.50 | 300.16 | 2.66 | 0.13 | 2 | 0.14 | - | 0.24 | | Including | 297.50 | 298.10 | 0.60 | 0.55 | 5 | 0.26 | - | 0.67 | | DDH | From (m) | To (m) | Interval (m) | Au g/t | Ag g/t | Cu % | Mo % | CuEq | | LAV22-003 | 4.51 | 35.00 | 30.49 | 0.03 | 2 | 0.12 | 0.009 | 0.22 | | LAV22-003 | 53.23 | 62.00 | 8.77 | - | 1 | 0.10 | 0.006 | 0.16 | | LAV22-003 | 104.70 | 105.35 | 0.65 | 0.09 | 7 | 0.90 | 0.005 | 1.06 | | DDH | From (m) | To (m) | Interval (m) | Au g/t | Ag g/t | Cu % | Mo % | CuEq | | LAV22-004 | 169.73 | 172.00 | 2.27 | 0.23 | 4 | 0.24 | 0.001 | 0.44 | | LAV22-004 | 222.00 | 229.66 | 7.66 | 0.07 | 3 | 0.18 | 0.014 | 0.37 | | Including | 227.20 | 229.66 | 2.46 | 0.21 | 7 | 0.37 | 0.022 | 0.72 | | DDH | From (m) | To (m) | Interval (m) | Au g/t | Ag g/t | Cu % | Mo % | CuEq | | LAV22-005 | 0.00 | 175.00 | 175.00 | 0.02 | 0.5 | 0.06 | 0.008 | | | LAV22-005 | 6.90 | 90.12 | 83.22 | 0.03 | 0.8 | 0.12 | 0.016 | 0.27 | | Including | 6.90 | 15.36 | 8.46 | 0.09 | 3 | 0.63 | 0.001 | 0.72 | | and | 6.90 | 8.29 | 1.39 | 0.25 | 10 | 1.98 | 0.002 | 2.24 | | LAV22-005 | 12.00 | 90.12 | 78.12 | 0.03 | 0.7 | 0.10 | 0.018 | 0.25 | | Including | 12.00 | 15.36 | 3.36 | 0.15 | 5 | 0.98 | 0.001 | 1.13 | | 14.00 | 15.36 | 1.36 | 0.16 | 5 | 1.24 | 0.001 | 1.40 | | | 59.04 | 90.12 | 31.08 | - | 0.3 | 0.03 | 0.042 | | | | 50.34 | 57.00 | 6.66 | 0.09 | 2 | 0.34 | 0.001 | 0.42 | | | 69.00 | 75.20 | 6.20 | - | 0.3 | - | 0.105 | | | | 70.00 | 72.00 | 2.00 | - | 0.5 | - | 0.216 | | | | and | 86.00 | 88.00 | 2.00 | - | 0.5 | - | 0.255 | | | DDH | From (m) | To (m) | Interval (m) | Au g/t | Ag g/t | Cu % | Mo % | CuEq | | LAV22-006 | 3.35 | 352.00 | 348.65 | - | 0.5 | 0.06 | 0.010 | | | LAV22-006 | 69.00 | 252.00 | 183.00 | 0.02 | 0.9 | 0.09 | 0.018 | | | Including | 69.00 | 73.00 | 4.00 | - | 0.9 | 0.05 | 0.105 | | | 144.62 | 252.00 | 107.38 | 0.02 | 0.9 | 0.11 | 0.023 | 0.31 | | | 152.00 | 193.00 | 41.00 | 0.05 | 2 | 0.27 | 0.037 | 0.60 | | | 166.64 | 193.00 | 26.36 | 0.06 | 2 | 0.34 | 0.049 | 0.77 | | | 166.64 | 167.54 | 0.90 | 1.25 | 23 | 5.08 | - | 6.09 | | | 170.02 | 193.00 | 22.98 | - | 2 | 0.16 | 0.056 | 0.59 | | | 170.02 | 170.92 | 0.90 | 0.06 | 7 | 1.87 | - | 1.97 | | | 177.00 | 193.00 | 16.00 | - | 2 | 0.09 | 0.072 | | | | 177.00 | 188.00 | 11.00 | - | 2 | 0.13 | 0.092 | 0.84 | | | 177.00 | 178.00 | 1.00 | - | 0.1 | - | 0.301 | | | | 184.00 | 188.00 | 4.00 | 0.02 | 3.2 | 0.21 | 0.146 | 1.34 | | | 186.61 | 188.00 | 1.39 | - | 5 | 0.33 | 0.211 | 1.96 | | | 191.80 | 193.00 | 1.20 | - | 0.2 | - | 0.108 | | | | 246.50 | 252.00 | 5.50 | - | 0.3 | - | 0.110 | | | | and | 251.04 | 252.00 | 0.96 | - | 0.8 | 0.03 | 0.425 | |

Assay results are presented as uncut weighted averages and assume 100% metal recovery. Interval widths represent drilled HQ core lengths and true width is unknown currently. indicates drill hole assay results were previously released. Copper equivalent (CuEq) grades are calculated using metal prices of silver US$21.25/oz., gold US$1,850/oz, copper US$4.00/lb, and molybdenum at US$30.00/lb. Copper equivalent grade is calculated as CuEq (%) = Cu (%) + Ag*0.0077) + (Pb (%) 0.25) + (Zn (%) 0.35) + (Au (g/t) 0.674 + (Mo (%) 7.5)._

| Table 5: 2022 Diamond Drilling Data - Laverdiere Skarn-Porphyry Project | | | | | | | | | DDH | Target | Easting (m) | Northing (m) | Elevation (m) | Azimuth | Dip | DDH Depth | | LAV22-001 | Laverdiere | 550182 | 6565256 | 728 | 90 | -80 | 268 | | LAV22-002 | Laverdiere | 550181 | 6565253 | 728 | 210 | -50 | 402.3 | | LAV22-003 | Laverdiere | 550296 | 6565057 | 717 | 210 | -45 | 300 | | LAV22-004 | Laverdiere | 550296 | 6565061 | 717 | 270 | -60 | 309 | | LAV22-005 | Laverdiere | 550295 | 6565061 | 717 | 270 | -45 | 175 | | LAV22-006 | Laverdiere | 550149 | 6565726 | 705 | 210 | -50 | 352 |

Figure 3: Schematic plan view map of the Laverdiere Skarn-Porphyry Project showing 2022 drilling locations, Cu (%) surficial sampling progress, and downhole Mo (%) assay highlights. Map elements plotted on TauSf resistivity map (Resistive = cold colours, Conductive = hot colours). The blue-green resistive zone correlates with the mapped location of the Laverdiere Mo-Cu±Au Porphyry.

Sampling Protocol, Quality Assurance & Quality Control

All recovered drill core was transported by helicopter to the core logging facility in Atlin, British Columbia for processing. Down hole surveys were conducted on all drill holes upon termination, using a Reflex Gyro Sprint downhole survey tool equipped with an azimuth positioning capability. Drill core was typically sampled over two-meter intervals and occasionally reduced in areas of higher visual sulphide mineralization. Core samples were cut in half with an electric core saw, bagged, labelled, sealed, and submitted to ALS Minerals preparation facility in Whitehorse, YT with the remaining core stored in Atlin, BC. Half core samples were finely crushed and sieved to <75 microns. Samples were then shipped to ALS Geochemistry in North Vancouver, British Columbia where they were analysed for gold by fire assay with an AA finish, over limits for Ag, Pb Cu and Zn and additional elements were analysed using four acid digestion with an ICP-AES or ICP-MS finish.