Gnome Zinc Project

The Gnome Zinc Project, owned 100% by AsiaBaseMetals Inc., located in the province of British Columbia, Canada, encompasses approximately 5,044 hectares (11 mineral claims) in the heart of the area that is home to Canada's Zinc deposits and Zinc exploration, within the southernmost part (Kechika Trough) of the regionally extensive Paleozoic Selwyn Basin, one of the most prolific sedimentary basins in the world for the occurrence of SEDEX zinc-lead silver and stratiform barite deposits. The property is in the same geological belt, NE of Williston Lake, as the well-known Cirque, Akie, Elf and other occurrences in the Kechika trough geological belt discovered in the heyday of northern B.C., Canada, Pb-An-Ag exploration (late 1970's and early 1980's). The Gnome project is 70 km SE along trend from Cirque and 46 km SE of the Akie Property.

Significant Zinc properties in the Gnome Property area:

  • Pie Property - now held by Teck Resources / Korea Zinc
  • Akie Prpoperty - Cadiac Creek Deposit - Indicated resource estimate (at 5% Zinc cut-off grade) of 22.7 million tonnes grading 8.32% zinc (4,162M Lbs), 1.61% lead (804 M Lbs) and 14.1 g/t silver (10.3 M Ozs) and an inferred resource (at a 5% zinc cut-off grade) of 7.5 million tonnes grading 7.04% zinc (1,169 M Lbs) , 1.24% lead (205 M Lbs) and 12.0 g/t silver (2,9 M Ozs) . (Pursuant to a NI-43-101 technical report prepared by Canada Zinc Metals Corp. with an effective date of May 16, 2016). The deposit remains open along strike and at depth. (Source: website – ZincX Resources Corp.)
  • Cirque deposit - Historic drilling delineated historical resource estimates for the North Cirque zone and the South Cirque zone. (Source: per historical data - The British Columbia Ministry of Energy and Mines MINFILE - Zinc in British Columbia; British Columbia Geological Survey - Information Circular 2015 - 12, Assessment report 34274, dated November 1, 2013)

Note: There can be no assurance that the Company will obtain similar results on the Gnome Property.

Exploration History - in the area:
In December 1992, Curragh Resources, which had previously acquired Cirque, was issued a Mine Development Certificate (approval for construction) by the BC Government for a mine/mill complex with a daily milling rate of 3,500 tonnes. The company estimated that the project would produce about 250,000 tonnes of zinc and lead sulphide concentrates yearly.

Historic drilling delineated historical estimates of the North Cirque zone and South Cirque zone. Development of Cirque did not proceed and the property was subsequently acquired by Teck Corporation (25%), Cominco Limited (25%) and Korea Zinc Company (50%) under a joint venture (Sources: Assessment report 34274, dated November 1, 2013; Ministry of Energy and Mines MINFILE Number: 094F 008; website - Canada Zinc Metals Corp.)

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

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