The Qualified Person for the Regal Project for the purposes of National Instrument 43-101 is Alicia Carpenter, P.Geo. She has read and approved the scientific and technical information that forms the basis for the disclosure contained in this website.
Prior to the property acquisition, an extensive airborne geophysical survey (ZTEM and Aeromagnetic) conducted by Geotech Ltd. of Aurora, Ontario, for Northaven Resources Corporation outlined 4 well defined high potential target zones within the Regal Property. This survey also defined a curvilinear EM trend in excess of 8 kilometres running northwest through the Regal Property and connected several historical showings and the Mastodon mine with the Revel Ridge deposit, 2.5 kilometres to the north.
The Historic ALLCO Silver Mine is situated 6.35 Kilometers northwest of the above described Snowflake/Regal Mine(s). The ALLCO Silver Mine operated from 1936-1937 and produced 213 tonnes of concentrates containing 11 troy ounces of gold (1.55 g/t), 11,211 troy ounces of silver (1,637 g/t) and 173,159 lbs of lead (36.9%).
When Affinity first took over the project, the ALLCO Historic Silver Region quickly became a top priority target. Preliminary surface results pointed to an extensive mineralized system that the maiden drill program would target. In the first drill season, the company made a remarkable discovery highlighted in the ALLCO by a 11.10 meter interval of 143.29 g/t silver including 0.55 meter interval of 2612.0 g/t Silver.
The Corporation received assay results for all 22 rock samples collected in September 2019 from the Black Jacket and Allco areas of the property. Of the 22 grab samples collected from surface outcrops, the majority contained bonanza grade silver, zinc, and lead with many samples reaching assay over-limits.
The 2020 drill program resulted in the expansion of the high grade silver vein system first drilled by Affinity in 2019 (“Silver Stoke”), and also intersected multiple mineralized horizons 320m to the southwest (“Silver Slam”): silver-gold bearing base metal veining, and a zinc rich massive sulphide horizon.
These intersections show the potential for gold mineralization on the Regal property in the vicinity of the historical Allco workings. The sulphide mineralization and the structural and lithological setting shows similarities to the Revel Ridge deposit located 7 km along strike to the northwest. Additionally, surface sampling returned a significant new gold-silver discovery in the northwest portion of the property.
Silver Stoke Zone
Following up on the maiden discovery, the 2020 program continued successful drilling of the 2019 high grade silver vein discovery in the Allco region of the property, with RP-20-06 Intersecting 0.75 m at 651.0 g/t Ag, 7.52 % Pb, and 3.59 % Zn (1005.82 g/t AgEq).
Silver Slam Zone
The 2020 drill program featured a new discovery of a high-grade silver vein with up to 1.2 g/t Au. Hole RP-20-17 intersected 12 g/t Ag (499.91 g/t AgEq) over 4.54 m. Multiple drill intersections of a strata-bound massive sulphide replacement horizon, with an average intersection thickness of 1.0 m and average grades of 383.91 g/t AgEq, was intersected in holes RP-20-14 through RP-20-19.
A total of 788 m of drilling at Silver Slam (RP-20-14 to RP-20-19) targeted at depth high-grade silver-zinc veins previously sampled on surface in 2019. These holes intersected the high-grade silver base metal veins, and a previously unknown strata-bound massive sulphide replacement horizon. Both mineralized features contain low grade gold. RP-20-15 and RP-20-17 intercepted an upper zone of high-grade Pb-Zn-Ag-Au veining, with RP-20-17 intercepting 0.90 m of 0.88 g/t Au, 1,468 g/t Ag, 14.76 % Pb and more than 12.30 % Zn*. Intersections of the zinc rich strata-bound massive sulphide replacement horizon averaged 1.0m in the 6 drill holes. This horizon is parallel to regional foliation and is still open in both directions along strike and at depth with drilling thus far indicating it may thicken to the northwest.
The Regal Silver Mine has a rich and varied history, with limited production recorded up to 1953. The mine features extensive development, including over 6,700 meters of horizontal adits, cross-cuts, and raises across ten levels, spanning a vertical range of approximately 305 meters from the No. 1 level at 1,693.6 meters elevation down to the No. 10 level at 1,388.7 meters elevation.
Mineralization within the mine includes galena, sphalerite, pyrite, tetrahedrite, cassiterite, stannite, scheelite, and various silver minerals in a quartz-carbonate matrix found in fracture zones. These zones present as a series of sub-parallel, structurally controlled veins, trending northwest and dipping northeast. The veins, which range in width from 0.3 to 9.1 meters with an average width of about 2.44 meters, dip at angles from 65° near the surface to nearly 25° at 300 meters depth.
Quality Assurance and Quality Control Procedures
The Company employed a QA/QC program that was managed by a qualified person during the entire drill program. Blanks, duplicates (both pulp splits and 1/4 core), and two certified standard reference materials were used. These QA/QC samples were inserted at a rate of 1 every 10 to 15 samples. MSA Labs processed and completed all analytical work at their facility in Langley, BC. Samples were analysed by the following methods, as appropriate, to determine grades: ICP-130 35 element two acid digestion with ICP-AES finish, IMS-130 51 element two acid digestion with ICP-AES/MS finish, FAS-418 Ag 30g fire assay with gravimetric finish, determination of Ag, Cd, Pb, W, and Zn with four acid digestion and ICP-AES finish, determination of Pb and Zn by titration, and determination of Sn by Sodium Peroxide fusion with ICP-OES finish.
The Qualified Person for the Regal Project for the purposes of National Instrument 43-101 is Alicia Carpenter, P.Geo. She has read and approved the scientific and technical information that forms the basis for the disclosure contained in this website.