BH Sample Results Memo #25

gsminingcompany Flot Sample Assay Report

Bates Hunter Mine Assay Results
Assays Received on December 29, 2020.
500 Level Grab Samples, Laboratory Flotation Testing Samples

500 Level Samples

In early December, after dewatering and preliminary exploration for safety were completed, rehabilitation efforts commenced on the 500 level of the Bates Hunter. Multiple grab samples were collected from a stope in between the Bates Hunter and Becker-Bates shafts. These samples displayed visible “peacocking,” a rainbow-like sheen that miners in the area historically associated with high-grade ore. After collection, the samples were sliced into halves for analysis of the vein structure and mineralogy. Pyrite, chalcopyrite, galena, and “grey copper” sulfosalt minerals were visually observed (Figures 1 & 2). The sulfosalt minerals are of particular interest due to their theorized association with gold in recently published research into the mineralogy of the Central City Mining District from the Colorado School of Mines (Alford, L. 2018, 2020).

To view the full report, please click on the image.

CAUTIONARY STATEMENT FOR PURPOSES OF THE SAFE HARBOR PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This quarterly report may be deemed to contain “forward-looking” statements. We desire to take advantage of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and we are including this statement for the express purpose of availing ourselves of the protections of such safe harbor with respect to all of such forward-looking statements. Examples of forward-looking statements include, but are not limited to (i) projections of revenues, income or loss, earnings or loss per share, capital expenditures, growth prospects, dividends, capital structure and other financial items, (ii) statements of plans and objectives of ours or our management or Board of Directors, including the introduction of new products or services, or estimates or predictions of actions by customers, suppliers, competitors or regulating authorities, (iii) statements of future economic performance and (iv) statements of assumptions underlying other statements and statements about us or our business.

Our ability to predict projected results or to predict the effect of any legislation or other pending events on our operating results is inherently uncertain. Therefore, we wish to caution each reader of the report to carefully consider specific factors, including competition for products, services and technology; the uncertainty of developing or obtaining rights to new products, services or technologies that will be accepted by the market; the effects of government regulations and other factors discussed herein because such factors in some cases have affected; and in the future (together with other factors) could affect, our ability to achieve our projected results and may cause actual results to differ materially from those expressed herein.