GoGold Resources Inc. press release

Silvercorp Announces Main Zone Drill Results, Including 1.68 g/t Gold over 212.5 Metres, at the Kyzyltash Sulfide Gold Project, Kyrgyzstan

2026-08-18

TSX - Toronto Stock Exchange · Silver · Gold · Copper · Zinc · Lead · Canada · Drill Results

Canada NewsWire

VANCOUVER, BC, Aug. 18, 2026/CNW/ -- Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) is pleased to announce the first batch of drill results from the fully-permitted Tulkubash/Kyzyltash gold projects located within the ~7 square kilometre mining license. As previously announced (June 22, 2026 press release), ZAAV, a 70%-owned Kyrgyzstan subsidiary of Silvercorp, launched a 50,000 to 60,000 metre ("m") drilling program, including both in-fill and step-out drilling to convert inferred resources into measured & indicated categories, and to make discoveries to expand the resource base at the Kyzyltash Sulfide Gold Project deposit, including the Contact Zone (CZ) and the Main Zone (MZ).

The assay results in this news release come from 29 diamond drill holes along the strike direction of the Main Zone, ranging from Line 1480 (m) to Line 5120 (m) for a total strike length of 3,640 m of mineralized range (see Figure 1). These initial drill holes mostly focused on step-out between different mineralized bodies and the east/west extension of the MZ, which is under drilling by ten rigs. Since July, the Company has changed to mostly in-fill drilling, with step-out holes in the down-dip direction.

The assay drill results from the CZ are pending, where currently six rigs are drilling.

Highlights of Main Zone Drilling Results from Kyzyltash Sulfide Gold Project (all intervals represent actual core lengths):

Drill hole DH26M687 is drilled at a dip angle of -39 degrees in an azimuth direction of 318 degrees at Line 2520, perpendicular to the strike of the MZ mineralization zone. It is the most significant discovery hole as it extends beyond the previously-defined gold structures 1-2, and intercepted two new parallel structures 3-4 (Figure 2): 29.5minterval at3.26grams per tonne ("g/t") gold ("Au")from 34.5 to 64.0 m (Structure 1), 42.5 m interval at 2.06 g/t Aufrom 77.5 to 120.0 m (Structure 2), 25.5 m interval at 3.05 g/t Au from 161.8 to 187.3 m (Structure 3), 33.0 m interval at 2.51 g/t Au from 205.3 to 238.3 m (Structure 4), and A combined 212.5 m interval at 1.68 g/t Au from 34.5 to 247.0 m.

Drill hole DH26M686 is drilled at Line 2440, approximately 80 m southwest of hole DH26M687, at a dip angle of -72.5 degrees in an azimuth direction of 140 degrees, and intercepted six structures: 4.5 minterval at3.23g/t Aufrom 37.5 to 42.0 m (Structure 1), 4.5 m interval at 1.82 g/t Aufrom 63.0 to 67.5 m (Structure 2), 39.0 m interval at 4.79 g/t Au from 124.5 to 163.5 m (Structure 3), including 6.0m interval at 22.23 g/t Au from 148.5 to 154.5 m, 6.0 m interval at 2.80 g/t Au from 187.5 to 193.5 m (Structure 4), 10.5 m interval at 1.03 g/t Au from 201.0 to 211.5 m (Structure 5), and 19.5 m interval at 3.09 g/t Au from 265.5 to 285 m (Structure 6).

Drill hole DH26M818, a step-out hole, was drilled in the central area of the MZ, at Line 3440, approximately 920 m to the northeast of hole DH26M687, along the strike of the MZ. The drill hole also intercepted three parallel structures (Figure 3): 4.5 m interval at 13.65g/t Au from 105.0 to 109.5 m, 3.0 m interval at 4.77 g/t Aufrom 121.5 to 124.5 m, 13.5 m interval at 8.04 g/t Au from 138.5 to 152.0 m, and A combined interval of 47.0 m at3.95 g/t Au from 105.0 to 152.0 m.

Drill hole DH26M675, a step-out hole, at the most western hole at Line 1480: a 30.0 m interval at 1.04 g/t Aufrom 60.0 to 90.0 m, including 9.0 m at 2.66 g/t Aufrom 76.5 to 85.8 m.

Drill hole DH26M696, a step-out hole at Line 1840: 34.5 m interval at 2.41 g/t Au from 195.5 to 230.0 m. Drill hole DH26M679, an in-fill hole at Line 2000: a 25.5 m interval at 3.62 g/t Au from 93.0 to 118.5 m. Drill hole DH26M680, a step-out at Line 2080 intercepted 7 parallel structures: 61.5 minterval at1.34 g/t Aufrom 32.0 to 93.5 m, and 34.0 m interval at 2.04 g/t Au from 236 to 270 m, including 19.0 m interval at 3.0 g/t Aufrom 236.0 to 255.0 m, 9.0 m interval at 2.04 g/tAufrom 295.5 to 304.5 m, and 12.5 m interval at 2.0 g/t Aufrom 347.5 to 360.0 m.

Drill hole DH26M685, an in-fill hole at Line 2320: a 39.0 minterval at 2.37 g/t Au from 166.0 to 205.0 m. Drill hole DH26M688, a step-out hole at Line 2600: a 50.0 m interval at 1.94 g/t Au from 95.0 to 145.0 m. Drill hole DH26M828, a step-out hole at Line 2840: a 45.0 m interval at 2.11 g/t Au from 105.0 to 150.0 m. Drill hole DH26M830, a step-out at Line 2920 intercepted 7 parallel structures, including: 22.5 minterval at1.64 g/t Aufrom 117.0 to 139.5 m, 9.0 m interval at 3.58 g/t Au from 117.0 to 126 m, 6.0 m interval at 3.43 g/t Aufrom 180.0 to 186 m, 12.0 m interval at 2.15 g/t Aufrom 214.55 to 226.5 m, 25.5 m interval at 2.55 g/t Aufrom 285.0 to 310.5 m, and 20.5 m interval at 2.25 g/t Aufrom 330.0 to 350.5 m.

Drill hole DH26M709, a step-out hole at Line 4840: a 49.5 minterval at1.70 g/t Au from 136.3 to 185.8 m. Drill hole DH26M705, a step-out hole at Line 4920: a 12.0 m intervalat 4.90 g/t Au from 378.0 to 390.0 m, including 4.5 m at 12.16 g/t Au from 384.0 to 388.50 m.

Drill hole DH26M703, a step-out hole at Line 5040: a 4.5 m interval at 18.77 g/t Au from 240.0 to 244.5 m. Drill hole DH26M699, a step-out hole at Line 5120, at about 2,600 m to the northeast from hole DH26M687, also intercepted multiple parallel structures including a long intercept of 37.5 m interval at 3.94 g/t Au from 230.5 to 268.0 m (Figure 4).

Complete drilling results are presented in Table 1 below. Drill-hole specifications for the referenced holes are provided in Table 2, and a drill plan view is presented in Figure 1, where from Line 1480 to Line 5120, the drill holes are located within a 3,640 m distance along the strike of the MZ.

Figure 1: Plan view of the Kyzyltash Sulfide Gold Project showing the Tulkubash oxide zone and the Kyzyltash sulfide Deposit, including the Contact Zone (CZ) and the Main Zone (MZ) with drill holes in the MZ.+and+the+Main+Zone+(MZ)+with+drill+holes+in+the+MZ.)

Figure 2: Section 2520, looking northeast, showing drill hole DH26M687 (assay results for drill hole DH26M694 are pending)..)

Figure 3: Section 3400, looking northeast, showing drill hole DH26M818.

Figure 4: Section 5120, looking northeast, showing drill holes DH26M699 and DH26M700.

Summary of Drill Programs and Results

The project is located on the southeastern portion of the Sandalash mountain range, along the northwestern margin of the Sandalash River, in the Chatkal district, Jalal-Abad Oblast of western Kyrgyzstan, approximately 300 kilometres ("km") southwest of the capital of Bishkek. It sits within the Zaav's Mining License 3117AE (~7 km2) (Figure 1).

The Kyzyltash Sulfide Gold Project deposit represents a mesozonal orogenic gold system. Mineralization is hosted within a series of subvertical, northeast–southwest-trending shear zones controlled by the Sandalash Fault Zone ("SFZ"). Movement along the SFZ is predominantly sinistral strike-slip, generating extensional structures that acted as conduits for mineralization.

Mineralization is characterized by pervasive sericite alteration and disseminated sulfides, with relatively limited quartz-carbonate veining, which typically comprises less than 5% of the mineralized volume. The host sequence consists of an Ordovician flysch complex dominated by sandstone packages interbedded with fine-grained black shale. These rocks have locally undergone greenschist-facies metamorphism and exhibit complex structural deformation and local contact metasomatism.

These initial drill results have further confirmed multiple broad zones of gold mineralization within the Main Zone and additional subparallel mineralized structures which were unknown. The mineralized zones remain open at depth and along strike of over 3,640 m. For the purpose of a Pre-feasibility study, the Company has re-focused its drilling strategy since July 2026 to mostly in-fill with some step-out holes in down-dip direction for resource upgrading into mostly measured and Indicated categories.

Approximately 80,500 m of drilling had been completed within the Kyzyltash Sulfide Gold Project zone by 2013. Since 2014, exploration drilling and most engineering studies conducted by external consultants have focused primarily on defining mineral resources and reserves and advancing the development plan for the oxidized gold zone at Tulkubash.

The Company subsequently completed a mineral resource estimate for the Tulkubash and Kyzyltash Chaarat Gold Projects effective October 15 2025, titled "NI 43-101 Technical Report and Updated Mineral Resource Estimate for the Tulkubash And Kyzyltash Chaarat Gold Project Republic Of Kyrgyzstan" prepared by the Company's Technical Services department in accordance with National Instrument 43‑101 - _Standards of Disclosure for Mineral Projects_("NI 43-101"), reporting 3.94 million ounces of gold at an average grade of 2.44 g/t Au in the Measured and Indicated categories, and 1.58 million ounces of gold at an average grade of 2.30 g/t Au in the Inferred category.

Table 1: Complete Drilling Results

| Line # | Hole ID | Structure | | From (m) | To (m) | Length (m) | Au g/t | Hole Type | Estimated true width（m） | | 1480 | DH26M675 | 1 | | 60.00 | 90.00 | 30.00 | 1.04 | Step-out | 16.50 | | incl. | 76.50 | 85.50 | 9.00 | 2.66 | 4.95 | | | | | | 2 | | 219.00 | 246.00 | 27.00 | 0.49 | 14.85 | | | | | 1680 | DH26M676 | 1 | | 0.00 | 7.50 | 7.50 | 0.55 | Step-out | | | 2 | | 33.00 | 40.50 | 7.50 | 0.85 | | | | | | 3 | | 72.00 | 79.50 | 7.50 | 0.49 | | | | | | 1720 | DH26M695 | 1 | | 0.20 | 100.50 | 100.30 | 0.48 | Step-out | | | 2 | 172.50 | 180.00 | 7.50 | 1.56 | | | | | | | 3 | 229.50 | 243.00 | 13.50 | 2.41 | | | | | | | 1720 | DH26M677 | 1 | | 13.50 | 24.00 | 10.50 | 0.86 | Step-out | | | 2 | | 88.50 | 91.50 | 3.00 | 0.50 | | | | | | 1800 | DH26M678 | 1 | | 7.00 | 43.00 | 36.00 | 1.06 | Step-out | | | incl. | 16.00 | 26.50 | 10.50 | 2.15 | | | | | | | 2 | | 80.50 | 88.00 | 7.50 | 0.34 | | | | | | 3 | | 107.50 | 113.50 | 6.00 | 1.93 | | | | | | incl. | 107.50 | 112.00 | 4.50 | 2.32 | | | | | | | 4 | | 128.50 | 136.00 | 7.50 | 0.55 | | | | | | 5 | | 142.00 | 154.00 | 12.00 | 0.88 | | | | | | 6 | | 179.50 | 185.50 | 6.00 | 1.14 | | | | | | 1840 | DH26M696 | 1 | | 77.00 | 80.00 | 3.00 | 0.78 | Step-out | | | 2 | | 168.50 | 176.00 | 7.50 | 1.28 | | | | | | 3 | | 195.50 | 230.00 | 34.50 | 2.41 | | | | | | 1920 | DH26M692 | 1 | | 259.50 | 264.00 | 4.50 | 0.65 | Fault | | | 1960 | DH26M691 | 1 | | 115.50 | 121.50 | 6.00 | 0.53 | Step-out | | | 2 | | 223.50 | 231.00 | 7.50 | 0.38 | | | | | | 3 | | 319.50 | 322.50 | 3.00 | 0.48 | | | | | | 4 | | 330.00 | 333.00 | 3.00 | 0.48 | | | | | | 5 | | 342.00 | 360.00 | 18.00 | 0.84 | | | | | | 2000 | DH26M679 | 1 | | 57.00 | 118.50 | 61.50 | 1.67 | In-fill | | | incl. | 93.00 | 118.50 | 25.50 | 3.62 | | | | | | | 2 | | 135.00 | 151.50 | 16.50 | 0.68 | | | | | | 3 | | 180.00 | 184.50 | 4.50 | 0.98 | | | | | | 4 | | 219.00 | 225.00 | 6.00 | 2.00 | | | | | | 2080 | DH26M680 | 1 | | 32.00 | 93.50 | 61.50 | 1.34 | Step-out | | | 2 | | 120.50 | 143.00 | 22.50 | 0.91 | | | | | | 3 | | 167.00 | 173.00 | 6.00 | 1.27 | | | | | | 4 | | 219.50 | 225.50 | 6.00 | 1.00 | | | | | | 5 | | 236.00 | 270.00 | 34.00 | 2.04 | | | | | | incl. | 236.00 | 255.00 | 19.00 | 3.00 | | | | | | | 6 | | 291.00 | 328.50 | 37.50 | 0.91 | | | | | | incl. | 295.50 | 304.50 | 9.00 | 2.04 | | | | | | | 7 | | 347.50 | 360.00 | 12.50 | 2.00 | | | | | | 2120 | DH26M681 | 1 | | 50.00 | 77.00 | 27.00 | 0.41 | Step-out | | | 2 | | 165.50 | 171.50 | 6.00 | 1.00 | | | | | | 3 | | 239.00 | 272.00 | 33.00 | 0.67 | | | | | | 4 | | 326.00 | 329.00 | 3.00 | 0.62 | | | | | | 5 | | 338.00 | 342.50 | 4.50 | 0.87 | | | | | | 2320 | DH26M685 | 1 | | 166.00 | 205.00 | 39.00 | 2.37 | In-fill | 33.15 | | incl. | 175.00 | 185.50 | 10.50 | 3.13 | 8.93 | | | | | | incl. | 190.00 | 205.00 | 15.00 | 3.23 | 12.75 | | | | | | 2 | | 251.50 | 256.00 | 4.50 | 2.93 | 3.83 | | | | | 3 | | 265.00 | 268.00 | 3.00 | 0.85 | 2.55 | | | | | 2440 | DH26M686 | 1 | | 37.50 | 42.00 | 4.50 | 3.23 | In-fill | | | 2 | | 63.00 | 67.50 | 4.50 | 1.82 | | | | | | 3 | | 124.50 | 163.50 | 39.00 | 4.79 | | | | | | incl. | 148.50 | 154.50 | 6.00 | 22.23 | | | | | | | 4 | | 187.50 | 193.50 | 6.00 | 2.80 | | | | | | 5 | | 201.00 | 211.50 | 10.50 | 1.03 | | | | | | 6 | | 265.50 | 285.00 | 19.50 | 3.05 | | | | | | 2520 | DH26M687 | 1 | | 34.50 | 247.00 | 212.50 | 1.68 | | 180.63 | | incl. | 34.50 | 64.00 | 29.50 | 3.26 | In-fill | 25.08 | | | | | 2 | incl. | 77.50 | 120.00 | 42.50 | 2.06 | In-fill | 36.13 | | | | 3 | incl. | 161.80 | 187.30 | 25.50 | 3.05 | Step-out | 21.68 | | | | 4 | incl. | 205.30 | 238.30 | 33.00 | 2.51 | Step-out | 28.05 | | | | 2600 | DH26M688 | 1 | | 95.00 | 145.00 | 50.00 | 1.94 | Step-out | | | incl. | 95.00 | 111.50 | 16.50 | 3.37 | | | | | | | 2 | incl. | 131.50 | 139.00 | 7.50 | 3.60 | | | | | | 3 | | 170.50 | 194.50 | 24.00 | 0.72 | | | | | | incl. | 182.50 | 187.00 | 4.50 | 1.92 | | | | | | | 2640 | DH26M689 | 1 | | 34.50 | 43.50 | 9.00 | 0.31 | Step-out | | | 2 | | 99.00 | 118.50 | 19.50 | 2.11 | | | | | | incl. | 99.00 | 105.00 | 6.00 | 5.80 | | | | | | | 3 | | 135.00 | 144.00 | 9.00 | 0.53 | | | | | | 2740 | DH26M690 | 1 | | 0.00 | 6.00 | 6.00 | 3.56 | Step-out | | | 2 | | 37.50 | 42.00 | 4.50 | 3.50 | | | | | | 3 | | 66.00 | 69.00 | 3.00 | 4.61 | | | | | | 4 | | 88.50 | 103.50 | 15.00 | 0.80 | | | | | | 5 | | 127.50 | 139.50 | 12.00 | 0.61 | | | | | | 6 | | 168.00 | 213.00 | 45.00 | 0.56 | | | | | | 2840 | DH26M828 | 1 | | 105.00 | 150.00 | 45.00 | 2.11 | Step-out | 36.00 | | 2 | | 168.00 | 187.50 | 19.50 | 0.94 | 15.60 | | | | | incl. | 168.00 | 174.00 | 6.00 | 2.43 | 4.80 | | | | | | 2920 | DH26M830 | 1 | | 25.50 | 46.50 | 21.00 | 0.47 | In-fill | 14.70 | | 2 | | 78.00 | 100.50 | 22.50 | 0.83 | 15.75 | | | | | 3 | | 117.00 | 139.50 | 22.50 | 1.64 | 15.75 | | | | | incl. | 117.00 | 126.00 | 9.00 | 3.58 | 6.30 | | | | | | 4 | | 180.00 | 186.00 | 6.00 | 3.43 | 4.20 | | | | | 5 | | 214.50 | 226.50 | 12.00 | 2.15 | 8.40 | | | | | 6 | | 235.50 | 240.00 | 4.50 | 1.15 | 3.15 | | | | | 7 | | 285.00 | 355.00 | 70.00 | 1.81 | Step-out | 49.00 | | | | incl. | 285.00 | 310.50 | 25.50 | 2.55 | 17.85 | | | | | | incl. | 330.00 | 350.50 | 20.50 | 2.26 | 14.35 | | | | | | 3440 | DH26M818 | | | 105.00 | 152.00 | 47.00 | 3.95 | Step-out | 37.60 | | 1 | incl. | 105.00 | 109.50 | 4.50 | 13.65 | 3.60 | | | | | 2 | incl. | 121.50 | 124.50 | 3.00 | 4.77 | 2.40 | | | | | 3 | incl. | 138.50 | 152.00 | 13.50 | 8.04 | 10.80 | | | | | 4840 | DH26M709 | 1 | | 20.00 | 40.30 | 20.30 | 0.89 | Step-out | 11.17 | | 2 | | 79.30 | 83.80 | 4.50 | 0.77 | 2.48 | | | | | 3 | | 109.30 | 122.80 | 13.50 | 0.31 | 7.43 | | | | | 4 | | 136.30 | 185.80 | 49.50 | 1.70 | 27.23 | | | | | incl. | 137.80 | 145.30 | 7.50 | 3.39 | 4.13 | | | | | | incl. | 166.30 | 178.30 | 12.00 | 2.54 | 6.60 | | | | | | 5 | | 218.80 | 235.30 | 16.50 | 1.85 | 9.08 | | | | | incl. | 232.30 | 235.30 | 3.00 | 6.57 | 1.65 | | | | | | 4920 | DH26M706 | 1 | | 0.00 | 3.00 | 3.00 | 1.14 | Step-out | 2.55 | | 2 | | 43.50 | 48.00 | 4.50 | 0.89 | 3.83 | | | | | 3 | | 120.00 | 138.00 | 18.00 | 2.17 | 15.30 | | | | | 4920 | DH26M705 | 1 | | 1.50 | 6.00 | 4.50 | 0.41 | Step-out | 2.25 | | 2 | | 33.00 | 40.50 | 7.50 | 0.43 | 3.75 | | | | | 3 | | 57.00 | 76.50 | 19.50 | 0.41 | 9.75 | | | | | 4 | | 163.50 | 166.50 | 3.00 | 2.09 | 1.50 | | | | | 5 | | 190.50 | 205.50 | 15.00 | 1.52 | 7.50 | | | | | 6 | | 378.00 | 390.00 | 12.00 | 4.90 | 6.00 | | | | | incl. | 384.00 | 388.50 | 4.50 | 12.16 | 2.25 | | | | | | 5040 | DH26M704 | 1 | | 35.50 | 49.00 | 13.50 | 0.31 | Step-out | 11.48 | | 2 | | 67.00 | 92.50 | 25.50 | 0.53 | 21.68 | | | | | 3 | | 113.50 | 122.50 | 9.00 | 0.69 | 7.65 | | | | | 4 | | 140.50 | 145.00 | 4.50 | 0.40 | 3.83 | | | | | 5 | | 170.50 | 196.00 | 25.50 | 1.84 | 21.68 | | | | | incl. | 187.00 | 191.50 | 4.50 | 7.83 | 3.83 | | | | | | 5040 | DH26M703 | 1 | | 66.00 | 70.50 | 4.50 | 0.31 | Step-out | 3.15 | | 2 | | 123.00 | 126.00 | 3.00 | 3.34 | 2.10 | | | | | 3 | | 135.00 | 151.50 | 16.50 | 1.03 | 11.55 | | | | | 4 | | 177.00 | 180.00 | 3.00 | 1.56 | 2.10 | | | | | 5 | | 240.00 | 244.50 | 4.50 | 18.77 | 3.15 | | | | | 6 | | 300.00 | 309.00 | 9.00 | 0.36 | 6.30 | | | | | 5080 | DH26M702 | 1 | | 12.00 | 15.00 | 3.00 | 1.16 | Step-out | 2.55 | | 2 | | 30.00 | 36.00 | 6.00 | 0.63 | 5.10 | | | | | 3 | | 75.00 | 78.00 | 3.00 | 2.99 | 2.55 | | | | | 4 | | 103.50 | 129.00 | 25.50 | 1.57 | 21.68 | | | | | incl. | 103.50 | 109.50 | 6.00 | 2.97 | 5.10 | | | | | | 5 | | 151.50 | 159.00 | 7.50 | 0.40 | 6.38 | | | | | 6 | | 177.00 | 181.50 | 4.50 | 0.81 | 3.83 | | | | | 7 | | 192.00 | 196.50 | 4.50 | 1.47 | 3.83 | | | | | 8 | | 205.50 | 214.50 | 9.00 | 0.82 | 7.65 | | | | | 9 | | 223.50 | 228.00 | 4.50 | 7.35 | 3.83 | | | | | 5080 | DH26M701 | 1 | | 39.00 | 47.00 | 8.00 | 0.66 | Step-out | 4.80 | | 2 | | 120.50 | 125.00 | 4.50 | 0.56 | 2.70 | | | | | 3 | | 133.50 | 151.50 | 18.00 | 0.59 | 10.80 | | | | | 4 | | 172.50 | 180.00 | 7.50 | 4.21 | 4.50 | | | | | 5 | | 210.00 | 231.00 | 21.00 | 0.65 | 12.60 | | | | | 6 | | 256.50 | 259.50 | 3.00 | 1.46 | 1.80 | | | | | 7 | | 274.50 | 285.00 | 10.50 | 0.63 | 6.30 | | | | | 8 | | 291.00 | 300.00 | 9.00 | 2.11 | 5.40 | | | | | 5120 | DH26M700 | 1 | | 14.00 | 30.50 | 16.50 | 0.95 | Step-out | 10.73 | | 2 | | 72.50 | 75.50 | 3.00 | 2.37 | 1.95 | | | | | 3 | | 98.00 | 104.00 | 6.00 | 0.58 | 3.90 | | | | | 4 | | 134.00 | 138.50 | 4.50 | 1.58 | 2.93 | | | | | 5 | | 158.00 | 164.00 | 6.00 | 1.53 | 3.90 | | | | | 6 | | 177.50 | 183.50 | 6.00 | 1.02 | 3.90 | | | | | 7 | | 197.00 | 212.00 | 15.00 | 1.92 | 9.75 | | | | | 8 | | 233.00 | 248.00 | 15.00 | 0.85 | 9.75 | | | | | incl. | 233.00 | 236.00 | 3.00 | 3.15 | 1.95 | | | | | | 9 | | 341.00 | 354.50 | 13.50 | 0.71 | 8.78 | | | | | 5120 | DH26M699 | 1 | | 14.50 | 26.50 | 12.00 | 0.68 | Step-out | 10.20 | | 2 | | 40.00 | 53.50 | 13.50 | 0.51 | 11.48 | | | | | 3 | | 85.00 | 86.50 | 1.50 | 3.00 | 1.28 | | | | | 4 | | 101.50 | 103.00 | 1.50 | 2.78 | 1.28 | | | | | 5 | | 134.50 | 139.00 | 4.50 | 2.17 | 3.83 | | | | | 6 | | 148.00 | 160.00 | 12.00 | 1.76 | 10.20 | | | | | 7 | | 212.50 | 215.50 | 3.00 | 3.04 | 2.55 | | | | | 8 | | 230.50 | 268.00 | 37.50 | 3.94 | 31.88 | | | |

| Notes: | | | 1. | Total 29 diamond drill holes. | | 2. | Drill location, altitude, azimuth, and dip of drill holes are provided in Table 2. | | 3. | Drill intercepts were calculated using length-weighted average grades based on the reported sample intervals. | | 4. | True width of mineralization is estimated for the intervals of holes drilled to northwest directions. | | 5. | Line # is designed by spacing between sections. For example, Line 1480 means 1,480 meters from 0-line; Line 5120 is 3,640 meters from Line 1480. |

Table 2: Summary of Drill Holes

| Drill Hole | East | North | Elevation | Length (m) | Azimuth (°) | Dip (°) | | DH26M675 | 12679620.91 | 4656244.20 | 2455.98 | 250.00 | 315.0 | -61.5 | | DH26M676 | 12679795.06 | 4656347.58 | 2479.58 | 150.00 | 144.0 | -74.0 | | DH26M677 | 12679810.35 | 4656374.50 | 2484.29 | 160.00 | 138.0 | -51.0 | | DH26M678 | 12679889.55 | 4656416.69 | 2491.20 | 210.00 | 148.0 | -79.0 | | DH26M679 | 12680029.91 | 4656569.73 | 2523.70 | 225.00 | 140.0 | -80.0 | | DH26M680 | 12680015.85 | 4656678.96 | 2520.45 | 360.00 | 139.0 | -73.0 | | DH26M681 | 12680038.64 | 4656712.07 | 2520.42 | 350.00 | 143.0 | -72.0 | | DH26M685 | 12680394.69 | 4656648.17 | 2432.86 | 280.30 | 321.0 | -40.0 | | DH26M686 | 12680316.60 | 4656842.11 | 2556.76 | 300.00 | 140.0 | -72.5 | | DH26M687 | 12680495.09 | 4656843.99 | 2479.32 | 250.00 | 318.0 | -39.0 | | DH26M688 | 12680486.88 | 4656959.65 | 2544.02 | 200.00 | 140.0 | -72.0 | | DH26M689 | 12680539.40 | 4656956.10 | 2521.81 | 150.00 | 140.0 | -69.0 | | DH26M690 | 12680566.32 | 4657032.85 | 2512.11 | 252.00 | 137.0 | -59.0 | | DH26M691 | 12679927.83 | 4656619.28 | 2581.14 | 360.00 | 144.0 | -75.0 | | DH26M692 | 12679931.48 | 4656546.33 | 2582.42 | 300.00 | 140.0 | -72.0 | | DH26M695 | 12679757.11 | 4656438.92 | 2537.37 | 270.00 | 140.0 | -66.0 | | DH26M696 | 12679838.00 | 4656531.93 | 2566.85 | 285.50 | 137.0 | -57.5 | | DH26M699 | 12682585.20 | 4658412.23 | 2262.57 | 277.50 | 319.0 | -39.0 | | DH26M700 | 12682585.76 | 4658411.58 | 2262.51 | 355.50 | 320.0 | -53.0 | | DH26M701 | 12682551.09 | 4658380.30 | 2257.71 | 350.00 | 322.0 | -60.0 | | DH26M702 | 12682550.04 | 4658381.74 | 2257.79 | 235.40 | 321.0 | -34.0 | | DH26M703 | 12682493.62 | 4658339.60 | 2257.86 | 350.00 | 321.0 | -59.0 | | DH26M704 | 12682492.68 | 4658340.64 | 2257.91 | 220.80 | 322.0 | -36.0 | | DH26M705 | 12682453.20 | 4658297.94 | 2260.52 | 404.90 | 317.0 | -65.0 | | DH26M706 | 12682452.18 | 4658298.93 | 2261.26 | 250.00 | 319.0 | -30.0 | | DH26M709 | 12682387.21 | 4658215.57 | 2275.76 | 300.30 | 323.0 | -65.0 | | DH26M818 | 12681198.62 | 4657365.42 | 2448.73 | 231.00 | 317.0 | -43.0 | | DH26M828 | 12680773.08 | 4656942.03 | 2362.05 | 226.00 | 321.0 | -35.0 | | DH26M830 | 12680947.17 | 4656966.32 | 2333.54 | 386.70 | 320.0 | -54.5 |