Ptarmigan Silica Project​

Ptarmigan Silica Project Cariboo Mining Division NTS 093/H10 and 11 British Columbia, Canada NI 43-101 Technical Report

prepared on September 26, 2024 by Chris M. Healey, P. Geo Principal Geologist, Healex Consulting Ltd Engineers and Geoscientists British Columbia Member.

The Property

Large Property

2,300 ha with potential for expansion along strike.

Location

130 km from Valemount, BC, near Highway 16.

High Silica Content

Recent due diligence sampling (three samples) returned values of 98.68, 98.44 and 99.52% %SiO2 with very low Fe2O3 values (0.25 to 0.42%).

Strong Potential

Grades found at Ptarmigan, due to the large amount of quartzite sand provide strong potential to source higher grade silica for refinement in future exploration and development work.

Geology

Yanks Peak Formation features 20-30m ridges with minimal overburden and a 14km discontinuous structure.

Adrian Smith, P.Geo., a Qualified Person as defined by NI 43-101, has reviewed and approved the scientific and technical information disclosed on this website. Historical information contained on this website cannot be relied upon, as Mr. Smith has not prepared nor verified such historical information. “PTARMIGAN SILICA PROJECT CARIBOO MINING DIVISION NTS 093/H10 And 11 BRITISH COLUMBIA, CANADA NI 43-101 Technical Report” prepared on September 26, 2024 by Chris M. Healey, P. Geo Principal Geologist, Healex Consulting Ltd Engineers and Geoscientists British Columbia Member available on SEDAR+ under the Company’s profile at www.sedarplus.ca

Proposed work programs

Phase

1

Anticipated cost $77k

  • Mapping, Metallurgical and Digital imagery
  • Overview hi-res imagery of the property
  • 10-15 days of mapping and prospecting to outline the various ridges and outcrops of silica property wide, establish access and egress points
  • Channel Sampling (build 50kg composite samples) – Submit for met work

Phase

2

Anticipated cost $269k

  • Mechanical trenching along strike to determine continuity of outcrops / structure
  • Use existing disturbance and roadways as appropriate
  • Trenching between known out crops
  • Channel sampling (build 50kg composite samples) – Submit for met work

Phase

3

Anticipated cost $500-750k

  • 1000- 1500m diamond drilling
  • Track mounted or buggy mounted rig (minimal disturbance 100m holes or less)
  • Metallurgical work

Adrian Smith, P.Geo., a Qualified Person as defined by NI 43-101, has reviewed and approved the scientific and technical information disclosed on this website. Historical information contained on this website cannot be relied upon, as Mr. Smith has not prepared nor verified such historical information.

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