Projects

Medicine Springs Project

Historical Production and Exploration

Production

Historical production from the Medicine property was reported to be 160,000 kilograms of lead, 770 kilograms of zinc and 480 kilograms of silver from the early 1900’s to 1956.

Exploration

Several companies including USMX, USAX and Silver Reserve conducted 3 campaigns of exploration drilling on the Property from the early 1980s until 2008. In total, 125 reverse circulation holes were drilled for 5,442 meters with an average depth 43 meters. Over 85% of this drilling was undertaken on the Golden Pipe deposit.

NLR Management team at Golden Pipe Headframe

Cominco completed a CSAMT ground geophysical survey over central part of the property in 1996-1997. The survey identified three resistivity anomalies that are in part coincident with the Gold Pipe oxide mineralization. The resistivity response is possibility related to intense oxidation, decalcification and argillization of the Permian carbonate host rocks. Importantly the CSAMT survey results extend the northern limit of the Golden Pipe oxide silver-lead-zinc zone for an additional 900+ meters to the north-northeast.

A total of 125 reverse circulation holes were drilled on the license area in 3 campaigns dating back to 1986. for 5,442 meters with an average depth 43 meters. A total of 125 RC drill holes for 5,442 meters (average depth 43 meters) was completed on the property in 3 drill campaigns dating back to 1986. Over 85% of this drilling was undertaken on the Golden Pipe deposit. Historical exploration defines a silver-lead-zinc mineralized footprint that extends in a northeastern direction for 3,400 meters and is up to 1,400 meters in width. Past drilling covers less than 10% of the known mineralized footprint. Drill results at Golden Pipe indicate the mineralization is open along strike and below a depth of >180 meters (495 feet) Significant drill intercepts include high silver grades up to 182 g/tonne over 7.6 meters and high combined zinc plus lead grades of over 17% over 4.6 meters. Historical drilling intercepts are summarized in Tables 2 and 3.

Table 2: Significant Drill Intersections – USMX 1986 - 1990

Note: Historical non NI43-101 compliant and cannot be relied on. Source: NI43-101 Geological

Report and Summary of Field Examination, Medicine Springs Property Elko County Nevada, January 15, 2018”.

Table 3: Significant Drill Intersections – Silver Reserve 2007-2008

Note: Historical non NI43-101 compliant and cannot be relied on. Source: NI43-101 Geological

Report and Summary of Field Examination, Medicine Springs Property Elko County Nevada, January 15, 2018”


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