TSX-V: SMR     

Excellent Blue Sky Potential

Summary
  • Borys Lake Trench 4: Eight samples collected returning the highest Zinc values ranging from 1.92% to 21.3% Zn. Silver mineralization ranging from 5.3 to 56.7 g/t Ag.
  • Borys Lake Trench 8: Five samples collected returning the highest silver values Silver mineralization ranging from 70.2 to 184 g/t Ag.
  • Cominco Zone A: Outcrop sample collected was not anomalous in geochemistry.
  • Cominco Zone B: Copper values resulted up to 0.61% Cu and silver up to 7.6 g/t Ag
Borys Lake Trench 4

Borys Lake Trench 4: Eight samples were collected for analysis from Borys Lake Trench 4 located at the SW end of the Borys Lake Main Zone.

Overall, Trench 4 returned the highest Zinc values, with assays ranging from 1.92% to 21.3% Zn (sample BLT4-1).

  • Silver mineralization was strong ranging from 5.3 – 56.7 g/t Ag.
  • Historic results from 1963 returned a maximum zinc value of 9.36 % Zn and a maximum silver value of 24.4 g/t Ag.
Borys Lake Trench 8

Borys Lake Trench 8: Five samples were collected for analysis from Trench 8 located 1km to the SW of Trench 4 and is associated with the Will A Zone.

Overall, Trench 8 returned the highest silver values compared to other trenches sampled.

  • All five samples returned high-grade silver mineralization with assays ranging from 70.2 to 184 g/t Ag.
  • Historic assays from the same trench, returned a maximum of 43.1 g/t Ag.
Table 1: 2018 Borys Lake Trend - Trench Sample Highlights

Borys Lake Trend

Table 2: Historic Borys Lake Trend - Trench Sample Highlights

Borys Lake Table

Cominco Zone Surface Trenches

Located ~3km to the south along a parallel trend to Borys Lake.

The Cominco zones occur within a Greywacke-conglomerate and are underexplored compared to the Borys Lake zone. Historically, two main areas of interest were discovered along this trend, referred to as the Cominco A and Cominco B zones respectively from SW to NE.

Overall, the Cominco trend appears to be more anomalous in Copper and silver and to a lesser degree in zinc and lead compared to the Borys Lake trend. Comparative highlights of analytical results are compared with historic results in Tables 3 and 4.

Cominco Zone A: The historic Trench 7 was not located in the field. However, an outcrop sample collected ~90m to the southwest of the assumed Trench 7 location was collected. This sample was not anomalous in geochemistry.

Cominco Zone B: Historic Trench 1 of the Cominco B zone was located and sampled. Four samples were taken as continuous 1m channel-chips each, across the width of the outcrop.

  • Assay results returned copper values up to 0.61% Cu and silver up to 7.6 g/t Ag (sample CZBT1-3).
  • It is of significant note that historic Trench 4 (which was not located in the field but is believed to be ~75m to the NE of Trench 1) was the subject of drilling in 1967.
  • Historic drill hole DDH1 targeting below Trench 4 was reported to have intersected 0.71% Cu over 6.1m.
Tables 3 & 4: 2018 Cominco Zone Trend - Trench Sample Highlights

Table 3: 2018 Cominco Zone Trend – Trench Sample Highlights

Borys Lake Table

Table 4: 2018 Cominco Zone Trend – Trench Sample Highlights

Borys Lake Table

Watts Lake: Borys Lake Zone – Drill Tested

Drilling Results
Underexplored: Property has not been drilled for decades — Borys Lake Zone – last drilled in 1972

Borys Lake Trend: — 5 zones drill confirmed over ~4.5km strike

• Can / Will A / Will B / Main / Mac / Sam

• Historic resource estimate on Main zone

• Drilling open in several directions