BH Sample Results Memo #7

gsminingcompany

Bates Hunter Mine, Assay results received 5/16/19

Grab Samples were taken from three different working levels within the Bates Hunter Mine. Samples came from collapsed remnants of the back and ribs at each location. All the samples were taken from locations safely accessible for a two-person crew to remove from the sill as well as chip off ribs and back. Samples were sent to Hazen Research, Inc. in Golden, Colorado who performed fire assay analysis with gravimetric finish. Results presented in Table 1.0 are from Analytical Report

19M01840 and 19M01858.

Tools used to obtain these cut and grab samples include hammer and chisel, electric hammer drill and electric grinder, sample bags and appropriate personal protective equipment. These samples are the seventh set of samples taken by the current operator of the Bates-Hunter mine, BH Mining Company. 

Sample Location Descriptions

163-007: Accessible via the 163 ft landing above a small face and approximately 35-45 feet down the West drift. Most of the mineralized ore came from the hanging wall. Sample physical appearance is black and sooty with abundant pyrite and occasional quartz stringers, within a sericite matrix.

220-001: Accessible via a temporary landing at the 220 ft level is a small pocket of mined out vein about 5-25 feet East of the shaft. The remaining vein material, still insitu, is different from the rest of the accessible and sampled vein outcroppings seen throughout the mine. Very hard, opaque quartz crystals with a yellow/orange stain or citrine variety with much more abundant peacocking of coper minerals. Seircitie immediately surrounding vein and a weathered biotite gneiss past the sericite halo.

240-001:  Accessible via the 240 ft landing down the west drift approximately 60 ft west of shaft. There is an intersection of multiple drifts with a low hanging stull filled to the back with muck and collapsed back and rib and abundant ore in easy access. Mineralogy is the typical sooty black mineral with abundant pyrite within a quartz sericite matrix. Although, these ore bearing minerals seem to be slightly larger and more crystalized than on the 163 ft level.

Mineralized material located in fill and easily accessible vein remnants is being gathered for bulk sample analysis to include metallurgical recovery and mineral processing properties.

 

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.