Silver Reef

Property Description

The Silver Reef Property consists of six mineral tenures that cover an area of over 4,425 hectares approximately 85 kilometers north of Hazelton BC.  The exploration target at Silver Reef is similar to the historic and high-grade Silver Standard Mine located approximately 80 kilometers to the south.  At Silver Reef, as with Silver Standard, the quartz/carbonate veins and stockwork are associated with a regional shear zone that cuts through the alteration halo of a large granitic intrusive.

The Silver Reef property is a new discovery where limited exploration has been carried out to date.  A total of 51 rock grab samples have been collected on the property with the highest-grade grab sample yielding 1,892 grams per tonne silver, 2.01 grams per tonne gold, 4.46% lead, and 2.7% zinc from a massive sulphide vein subcrop.  Grab samples are collected as niche samples of rock material of specific style or character of interest and are not necessarily representative of the mineralization hosted on the property.

In 2019, eight shallow packsack drill holes were completed (at depths ranging from 0.6 to 1.2 meters), with six holes partially successful in encountering bedrock.  Although packsack drilling yielded generally poor core recoveries, results demonstrated elevated mineral values ranging from 0.11 to 0.42 grams per tonne gold, 56.4 to 322.0 grams per tonne silver, 0.12 to 1.0+% arsenic, 225 to 4,850 grams per tonne lead, and 182-712 grams per tonne antimony.  The mineralization has been traced for over 1,500 meters, has a combined width up to 100 meters wide, and is made up of three zones.  The hanging wall zone comprises quartz/calcite veins and stockwork with a combined width of up to 50 meters wide.  Individual veins range up to 20 meters wide.  The main shear zone is up to 30 meters wide and contains variable amounts of disaggregated quartz/calcite and sulphide veins.  Discontinuous ferrocrete and gossanous kill zones along the hanging wall contact of the main structure are up to 20 meters wide and indicate the presence of veins and stockworks containing massive sulphides.  

Quality Assurance

Graeme Evans, P.Geo is the qualified person responsible for the Silver Reef Property and has reviewed, verified and approved the scientific and technical information in this news release relating thereto.

In 2018, rock grab samples collected were transported for preparation and analysis to the SGS Mineral Services laboratory in Burnaby, BC, Canada for multi-elements ICP and fire assays for gold.  In 2019, pack sack drill core and rock grab samples were transported for preparation and analysis to the ALS Canada Ltd. laboratory in North Vancouver, BC, Canada for multi-elements ICP and fire assays for gold.

Maps

Silver Reef Location Map

Silver Reef Claim Map

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