Ruddock Creek Project

The Ruddock Creek high grade zinc-lead project is located 155 km NE of Kamloops, British Columbia, encompassing 22,195 hectares and consisting of 43 mineral claims.

In 2019, a diamond drill program consisting of 17 drill holes, totalling 8,802.1 metres targeted the V Zone (11 drill holes; 6,955.5 metres) and the Q Zone (6 drill holes; 1,846.6 metres). Highlights included drill hole RD-19-V54, which intersected 40.9 metres (true thickness 36.8 metres) grading 16.83% zinc, 3.46% lead and 4.74 g/t silver, including 20.1 metres grading 18.93% zinc, 4.15% lead and 6.11 g/t silver. Drill hole RD-19-V54 targeted the deep V Zone, where RD-18-V41 (located 52.0 metres below hole RD-19-54) had intersected 21.7 metres (true thickness 21.5 metres) grading 16.99% zinc, 3.44% lead and 2.41 g/t silver, including 10.4 metres grading 25.70% zinc, 5.41% lead and 3.44 g/t silver.

The V Zone drilling was designed to expand and increase the confidence in the resource in the deep portions of the zone. The V Zone has a steeper dip than all the other known zones at Ruddock Creek. The steeper dip should facilitate lower mining costs than the shallower dipping zones, and thus a larger resource of steeply dipping mineralization in the V Zone would improve the economics of the project.

Jim Miller-Tait, P.Geo., VP Exploration, is the designated Qualified Person as defined by National Instrument 43-101 for the exploration program. Ruddock Creek samples for the 2019 drilling reported were analyzed at Bureau Veritas Mineral Laboratories in Vancouver. A full QA/QC program using blanks, standards and duplicates was completed for all diamond drilling samples submitted to the labs.

For additional information, refer to the Company’s New Releases, Quarter Reports & Annual Information Form.