Project Advancement - "Exploration Timed with Market Conditions to Preserve Value"

Jervis Project,  (the "Jervis Project" and/or the "Project") a 100% owned Copper/Zinc/Silver  highly prospective exploration property encompassing one (2) mineral claim (1,000 hectares) in the heart of an area that is home to the Britannia Mine.

The Project is located , approximately 80 km northwest of Vancouver, BC, and 11 km north of the community of Egmont on the Sunshine Coast; within the traditional territory of the Shíshálh First Nation. 

Review of regional geology together with property geology indicates that:

• the Project is highly favourable for exploration to ascertain the similarity of this project to the Britannia Mine; a VMS system  (“Britannia-Mine”).
• The Gambier Group is host to the Britannia polymetallic volcanogenic massive sulphide VMS deposit (“Britannia VMS-Deposit”), which is about 55 km to southeast of the Jervis Project. 

Between 1905 and 1977, the Britannia orebodies (“Britannia-Mine”) yielded approximately 47.8 million tonnes of ore grading 1.1 per cent copper, 0.65 per cent zinc, 6.8 grams per tonne silver and 0.6 grams per tonne gold (Minfile, 2008). Brittania was the largest VMS deposit mined and the second largest found in BC (after Windy Craggy).

This area of British Columbia has seen minimal exploration , in spite of it having great geology. 

Based on review of recent exploration activities in the area, Kenorland Minerals Ltd. (TSX.V: KLD) is active in the area since 2023, having staked the Rox Project (5,131 hectares); a property similar to the Jervis property.

This area of British Columbia has seen minimal exploration , in spite of it having great geology. Based on review of recent exploration activities in the area, Kenorland Minerals Ltd. (TSX.V: KLD) is active in the area since 2023, having staked the Rox Project (5,131 hectares); a property similar to the Jervis property.

Review of regional geology together with property geology indicates that the project is highly favourable for exploration to ascertain the likeness of this project to the Britannia Mine; a VMS system  (“Britania-Mine”).

• The Property is underlain by marine sedimentary and volcanic rocks of the lower Cretaceous Gambier Group (MapPlace, 2020). 
• To the southwest of the Project, the Gambier Group rocks are in fault contact with sedimentary rocks of the Bowen Island Group. 
• The Gambier Group is host to the Brittania polymetllic volcanogenic massive sulphide VMS deposit (“Britania VMS-Deposit”), which is about 55 km to southeast of the Jervis Project. 
• Between 1905 and 1977, the Britannia orebodies (“Britania-Mine”) yielded approximately 47.8 million tonnes of ore grading 1.1 per cent copper, 0.65 per cent zinc, 6.8 grams per tonne silver and 0.6 grams per tonne gold (Minfile, 2008). Brittania was the largest VMS deposit mined and the second largest found in BC (after Windy Craggy).

Pursuant to the Company’s research and assessment, various mining companies have previously explored the Project (early 1900’s to 1993) in pursuit of a scarn type deposit. (“Scarn Deposit”), including:

• Gunnex Ltd (“Gunnex”); and 
• Jervis Inlet Mines Ltd. (Jervis Inlet Mines”); and 
• El Paso Mining and Milling Company (“El Paso Mining & Milling”); and 
• Anthian Resources Corporation (“Anthian Resources”) ). 

The information on these programs is mainly known through summaries by Ashworth Exploration Ltd. (Kidlark & Yacoub, 1989) and Anthian Resources (Kikauka, 1993), as well as limited summaries in GEM 1972 and 1973 (BCMEMPR, 1973; BCMEMPR, 1974) as the previous work by Gunnex, Jervis Inlet Mines and the El Paso Mining & Milling was not recorded. 

Exploration Performed 

• Four (4) adits, along with several drifts and open cuts (put in by 1922) near Adit Creek  (Brewer, 1918; Brewer, 1926) with the work reported up to 1925;  and
• Approximately 1,400 m of diamond drilling in 1960 & early 70's: 
  1. 600 m of diamond drilling was done in 1969 by Jervis Inlet Mines between the Lone Jack and Road showings (Kidlark & Yacoub, 1989); and
  2. 800 m of diamond drilling was done in in the early 70's by El Paso Mining & Milling  (Kikauka, 1993). Drilling focused on the Treat and Copper Showing areas; and

• Remapping the western 2/3's of the property (Kikauka, 1993) by Anthian Resources (though , in the Company’s opinion. they seem to have simply reused the El Paso Mining & Milling map with minor additions and changes. 
• 10.4 km grid and geological mapping, soil sampling, rock sampling, magnetometer and VLF surveys (Kikauka, 1993). Further, 196 soil samples, 89 rock samples and 7 petrographic samples were submitted for analysis. Addionally, 50 hectares were mapped at a scale of 1:2500, and 2 hectares were mapped at a scale of 1:500. By Anthian Resources.

• Sampling by Sigurgeirson in 2019 also indicated bimodal volcanics on the property, rather than andesite. 
• An area mapped as agglomerate was seen to contain a felsic clast dominant breccia during the 2019 property exam.
• A significant area is outlined as underlain by intrusives on the El Paso Mining and Milling Company map, but the actual distribution of outcrop indicates that these intrusives underlie smaller areas.
• Bedding orientations most commonly strike northwest with a moderate to steep southwest dip. However, northeast dips are also recorded, suggesting that significant folding occurs on the property. 
• Northeast trending lineaments partly followed by Adit and New Jack Creeks are likely faults.
• A considerable amount of glacio-fluvial gravel can be seen around the mouth of Treat Creek, though much of it has been extracted by the adjacent gravel pit operation.
• Sigurgeirson observed till at several locations between 200 m and 400 m elevation.
• Bedding orientations most commonly strike northwest with a moderate to steep southwest dip. However, northeast dips are also recorded, suggesting that significant folding occurs on the property. 
• Northeast trending lineaments partly followed by Adit and New Jack Creeks are likely faults.
• A considerable amount of glacio-fluvial gravel can be seen around the mouth of Treat Creek, though much of it has been extracted by the adjacent gravel pit operation.
• Sigurgeirson observed till at several locations between 200 m and 400 m elevation.

The following are applicable and form part of the information provided above

Note 1:There can be no assurance that the Company will obtain similar results on the Gnome Property. The PEA is considered preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. Mineral resources that are not mineral reserves have not yet demonstrated economic viability. Due to the uncertainty that may be attached to mineral resources, it cannot be assumed that all or any part of a mineral resource will be upgraded to mineral reserves. Therefore, there is no certainty that the results concluded in the PEA will be realized. Mineralization hosted on the Cirque and Cardiac Creek Properties is not indicative of the mineralization hosted on the Company’s Gnome Zinc Project at its current stage of exploration. 

Note 2:  "Qualified Person" information is provided, as required by regulatory authorities, in the "Disclaimer" section of this website under the heading "Technical Information".