BH Sample Results Memo #4

gsminingcompany Assay Reports, Bates Hunter Mine

Bates Hunter Mine Assays

Sampling Conducted – 2/12/19: 

163 Level Drill and Sample Program

Over the first few months of 2019, five different core holes at the 163-foot level were drilled as exploratory attempts to locate and determine size and grade of neighboring untouched gold vein deposits in the foot and hanging wall, as well as to confirm dimensions of structures that were drilled into on the 112 level. Four of the five core holes were drilled into the footwall on the 163 ft level. From the first four core holes (BHu1901-Bhu1904) 13 split core samples were assayed for Au and Ag. The fifth hole, BHu1905, was sampled at a later date with five more split core section sent in for Au and Ag assays.

Samples reported herein were taken from IEWS drill core using a diamond saw.  Drill core was split longitudinally and broken or cut at the start and finish of intervals along the length of the core.  Visual identification of mineralized intercepts was used to determine sample intervals.  All samples were taken to Hazen Research, Inc in Golden, Colorado.  Results presented in Table 1.0 are from Analytical Report 19M01237 and 19M01442.

Tools used to obtain samples include a Pneumatic core drill, tile saw, sample bags and appropriate personal protective equipment. These samples are the fourth set of samples taken by the current operator of the Bates-Hunter mine, BH Mining Company.

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.