Halfmile Mine

The Halfmile Deposit contains four sulphide zones: Upper, Lower, Deep and North. The deposit is a volcanic-sediment-hosted massive sulphide deposit and is one of over 45 massive sulphide deposits in the Bathurst Mining Camp. Rocks are of Ordovician age and have undergone a complex history of polyphase folding and faulting. The deposit is structurally overlain by rhyolitic and dacitic rocks as well as disconformable quartz-wackes and pelites. To the footwall of the massive sulphide package are alkali basalts and thin bedded feldspathic wacke/shales. Rocks have been metamorphosed to the greenschist facies. The entire package of rocks has been stratigraphically over turned.

Mineral Resources as at December 31, 2019^(1,2)

(1) All mineral resources have been estimated in accordance with the CIM Definition Standards. Mineral resources are inclusive of mineral reserves. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Numbers may not add up due to rounding.
(2) The Halfmile Underground Project mineral resource estimate is reported based on 5% zinc equivalent cut-off grade with metal prices of: US$1.05/lb zinc, US$0.95/lb lead, US$20.00/oz silver, FX: US$/CAD$0.80. The Halfmile Underground Project mineral resource estimate was prepared and approved by Professional Geologist Gilles Arseneau (P.Geo.), a consultant with SRK Consulting (Canada) Inc., who is an independent Qualified Person as defined in NI 43-101, with an effective date of October 26, 2017.