The Eliza Silver Project - 100% Owned - No Royalty

Hamilton Silver District, Eureka, Nevada, USA
 

The Eliza Silver Project is a 5.52km² land package, which includes the past-producing California Mine Patent claim, and is located along strike of the Hamilton Mining District, Nevada’s highest-grade silver district, which produced 40 million (M) ounces (oz) silver with grades up to 25,000 grams per tonne (g/t) between 1876-1890.

Information gained from a detailed geologic map indicate that Eliza and the Hamilton District contain high-grade Ag mineralization hosted by the same formation; however, no significant work or drilling has been done on the project in over half a century.

Assay results from an initial 2021 sampling program confirmed the existence of a well-developed silver-rich mineral system, which also shows enrichments in copper (Cu), lead (Pb) and zinc (Zn), suggesting the potential for the existence of a blind copper porphyry.

Recent samples include:

• PN662703: 1290 g/t Ag
• PN662717: 1180 g/t Ag; 7.70% Cu; 11.00% Pb; 13.40% Zn
• PN662715: 632 g/t Ag; 2.2% Cu; 1.49% Pb; 0.55% Zn

The Company significantly expanded mineralized footprint through 2022 soil sampling, identifying four primary target areas and plans to further evaluate the project in 2026.

The Company completed a property wide geophysics program in 2023 and has applied for a Plan of Operations permit to commence drilling in 2026.

Eliza Project Survey Technical Highlights

The geodetic system used for the Eliza geophysical survey was WGS 84 in UTM Zone 11N. A total of 360-line km were flown with a helicopter over the property. The survey was flown at 25 m line spacing on a heading of 090°/270°, while tie lines were flown at 250 m line spacing on a heading of 000°/180°.

Preliminary radiometric modeling shows strong correlation with field observations including the placement of the Eberhardt Fault, a major truncating (290° azimuth) fault that dissects the Hamilton Vein systems. The Belmont and Passynak zones are seen as radiometric highs that extend along a (010°) structural orientation (refer to Figure below:)

Airborne Radiometric Survey Results). Other anomalous radiometric highs have been identified along the same (010°) orientation indicating potential off-sets and extensions of mineralization south of the Eberhardt Fault.In total, the mineralized systems identified to date exhibit strong silver and base metal mineralization, visual structural control (010°) and now magnetic and radiometric anomalies which will assist the Company design new drill targets.