BH Sample Results Memo #8

gsminingcompany Assay Reports, Bates Hunter Mine

Bates Hunter Mine Assay Results

Assays received - 6/3/19

Cut Sample Assay Work

In May of 2019 One cut Sample was taken from the second landing in the West Hunter Escape shaft, which is 53 ft deep. This cut sample was taken from an easily and safely accessible location for a two-person crew to cut out of the drift back. The cut samples were for purposes in determining a more representative ore grade for a mineable dimension.

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 19M01970-001.

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

Sample 1: WH53-001:     A 20” cut was taken from the back of the western drift no more than a foot into the narrow and high drift. The height of the sample is about 8ft off the sill.

Near-term planned work includes additional samples to be taken from the 240-foot level.  Mineralized material located in fill and easily accessible vein remnants is being gathered as it becomes safely accessible 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.