lone mountain zinc Project, nevada

Geology and Mining District

The Lone Mountain Zinc project is located within the Battle Mountain-Eureka Trend of Northern Nevada.

56 km long mineralized trend containing both multi-million ounce sedimentary-hosted (Carlin-type) gold and several significant Pb-Zn-Cu-Au-Ag deposits.

The mineralization in the Eureka District was among the first of the large replacement deposits in limestone or dolomite to be mined extensively in the Western US.

Mountain View Mine

Mineralization in the district is considered to have been originally deposited as sulfides and then subsequently oxidized by circulating ground water.

Lone Mountain Project comprises 202 contiguous unpatented lode mining claims and one patented claim covering over 4,000 acres.

The past-producing Mountain View Mine is located on the patented mining claim that forms part of the Lone Mountain Project.

Historic Mountain View Mine produced high-grade direct shipping ore.

~ 5 million lbs of zinc

Mineralization

Mineralization is near surface high grade zinc carbonate-oxide (smithsonite and hemimorphite) with only minor lead mineralization.

Mineral Resources have been constrained within an optimized pit shell.

Coherent zinc geochemical targets still mostly untested.

CSAMT geophysics defines main structural target for at least 3km.

Drilling has tested the mineralization from surface to depths of 290 meters.

Mineral Resources

Drilling program: 85 RC drill holes and 13 core drill holes from 2014-2017. 12,234 meters of RC drilling, and 2,082 meters of core drilling.

Highlights: Hole LM-14-27, 9.58% Zn over 118.87m, including 27.82% Zn over 15.24m.

Completed NI 43-101 inferred Resource Estimate. Open pit constrained 3,257,000 tonnes grading 7.57% Zn and 0.70% Pb (NI 43-101 Initial Mineral Resource Estimate and Technical Report, P&E Mining Consultants Inc. Report 342, July 22, 2018).*

No drilling to test for deep zinc sulfide mineralization completed to-date. Mineralization remains open for significant expansion.

Mineral Resource estimate

Please Note:

Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, marketing, or other relevant issues.
Mineral Resources were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council.
The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration.
Contained metal may differ due to rounding.
Inferred Mineral Resources are reported within an optimized pit shell.