Silver-gold exploration project · Nevada, USA

RedlichProject

A large, blind disseminated silver system with more than two kilometres of untested strike

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Ownership100% Lahontan

Land package6.4 km²

StatusPermitted and drill ready

Project overview

Silver exploration beyond the historic vein model

Redlich is a 100%-owned silver-gold project in Esmeralda County, midway between Hawthorne and Tonopah in Nevada's Walker Lane.

Earlier work focused on epithermal veins and stockwork. Diamond drilling in 2018 discovered a different opportunity at DBK: broad zones of disseminated gold and silver hosted by intensely silicified hydrothermal breccia.

Historic estimate16.5 Moz

Historic silver-equivalent resource*

DBK drilling1,344 m

Four diamond holes

Untested strike2,000+ m

Along the DBK trend

Regional analogueCandelaria

Past-producing silver district

*Historic estimate reported by the Company; it is not presented here as a current mineral resource.

DBK discovery

100+metres

averaging 17 g/t AgEq

A broad mineralized breccia

Hole RED-001C intersected more than 100 metres of intensely silicified, mineralized breccia with multiple higher-grade intervals. The discovery demonstrates a bulk-tonnage style of mineralization that remains minimally tested.

15.8 m29 g/t AgEq0.16 g/t Au · 16.6 g/t Ag

14.6 m25 g/t AgEq0.16 g/t Au · 12.9 g/t Ag

13.7 m26 g/t AgEq0.14 g/t Au · 15.3 g/t Ag

DBK corridor

A blind system with room to grow

The westerly trending DBK structure is partially exposed at surface and prominent in gravity and ground-magnetic surveys. Historic rock-chip sampling along the fault/contact corridor returned multiple values above 1 g/t gold and 200 g/t silver.

Redlich geological map showing the DBK discovery, 2018 drill holes, structural trends and project boundary — Redlich geology and DBK discovery corridor · schematic project data

Inside the system

Higher grade within the broader envelope

142g/t AgEq

RED-001C returned 1.2 metres grading 0.27 g/t gold and 122 g/t silver within the silicified diabase breccia.

Work program

Permitted for the next test

Redlich has been partially reclaimed, while permits remain in place for several additional drill platforms. Follow-up can test continuity around RED-001C and step along the largely untested DBK structure.

CompleteSurface sampling and mapping
CompleteGravity and magnetic surveys
CompleteFour-hole diamond program
NextStep out from the DBK discovery
UpsideTest 2,000+ metres of open strike

Project documents

Source material

Company project information and selected disclosure supporting the Redlich overview.

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