Mia Silver Project

Mineralization was first discovered in the Seafoam district in the 1880s, with early work confined to small-scale “high grading.” The current property was consolidated and held by Northwest Minerals Development Corporation in the early 1980s with the intent to conduct modern, systematic exploration.

In 1982, the U.S. Bureau of Mines examined the claims in conjunction with regional studies, and their sampling confirmed the area’s mineral potential. Subsequently, in 1983, consulting geologist Michael R. Free conducted a detailed property examination and sampling program which identified several anomalous targets.

Longshot No. 3

The Longshot No. 3 claim is developed by several trenches along a shear zone. Samples 1102 and 1111 are taken from a trench cut in a fissure zone approximately 8 feet thick trending NW 15 W 82 NE. The central four feet in the fissure zone was covered with rubble and not sampled. Samples were cut from iron stained, silicified granodiorite along the sides of the trench. An unidentified greenish-yellow mineral, probably cerargyrite, was present in 1102. The results are as follows:

Sample No.	Width, Feet	Au oz/t	Ag oz/ton
1102	6	.087	1.16
1111	6	.034	.14

Longshot No. 1

Samples 1103 through 1110 are from surface and underground workings on the Longshot No. 1 claim. Sample 1103, which includes a shear trending N 61 E 90, and 1104 are from a trench in the lower workings above a probably caved Adit. The samples were cut from a highly fractured, silicified, porous zone with strong limonite staining and a greenish-yellow alteration mineral, probably cerargyrite. Approximately 130 feet up the hill from the lower working is the middle Adit, from which samples 1105 and 1106 were collected. Sample 1105 was cut from a three-foot quartz vein trending N 40 W 80 NE. This vein fault contacts decomposed granodiorite, sample 1106. Samples 1107 through 1110 are from iron stained silicified zones on the surface in the vicinity of the middle Adit portal. Sample 1108 was cut from a shear containing limonite and cerargyrite(?). The results are as follows:

Sample No.	Width, Feet	Au oz/t	Ag oz/ton
1103	3	.432	14.8
1104	Grab	.775	6.65
1105	3	.359	3.97
1106	Grab	.008	.27
1107	2.2	.047	.37
1108	.5	.079	11.82
1109	20	.132	2.71
1110	8	.206	5.10

Canary Yellow

The Canary Yellow claim is developed by two possible (caved) and covered by talus adjacent to granodiorite host rock. Small masses of schist, sample 1115, occur within the granodiorite. Sample 1112 is a grab of talus fines from above the lower caved Adit. Samples 1113 and 1114 are grab samples from the upper Adit dump and 1116 is a selective grab of a greenish yellow mineral (cerargyrite ?) and mimetite from the lowerdump. Dump rocks consist of silicified, limonite stained, brecciated granodiorite and quartz vein with minor pyrite and traces of chalcopyrite and galena (?). Mimetite, identified by ‘ x-ray detraction, was common in much of the dump rocks. Results of these samples are as follows:

Sample No.	Width, Feet	Au oz/t	Ag oz/ton
1112	Grab	.010	1.75
1113	Grab	.035	7.44
1114	Grab	.116	56.2
1115	10	.005	.21
1116	Grab	.153	.37

Geology and Mineralization

The property hosts disseminated awaruite (Ni-Fe alloy) mineralization within peridotite and dunite, with several zones containing fine to coarse alloy grains. Surface sampling has returned average grades of approximately 0.25% nickel, with rock chip assays ranging from 1,700 to 3,800 ppm Ni, 1,000–3,000 ppm Cr, and 100–150 ppm Co.

Two principal forms of awaruite mineralization are present:

The peridotite is highly differentiated, with porphyritic, sheared, and brecciated textures and local concentrations of magnetite, chromite, picrolite, and lizardite. Sampling delineated a 1.1 km discontinuous ridge zone containing coarse-grained awaruite exposed between 1,700 and 2,050 meters elevation.

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Historical Information and Exploration Context

The mineral properties comprising the portfolio have been the subject of extensive historical exploration, development work, and, in several cases, past commercial production or advanced-stage evaluations with the intent to commence mining. The historical exploration results, sampling, drilling, resource estimates, feasibility studies.