EXPLORING PRECIOUS AND BASE METALS IN NORTH AMERICA

Mohave 2020 Initial Sampling Results

Mohave 2020 Initial Sampling Results

INITIAIL SAMPLING PROGRAM PHOTOS

Mohave 2020 Initial Sampling Results

2020 Initial Sampling and Mapping Program

April 2020 Samples			UTM WGS 84 Z11
Sample Number	Area	Sample Type	Easting	Northing	Sample Width	Gold Au (gpt)	Silver Ag (gpt)	Photo Link
0001	Klondyke	Grab	722815	3934408	grab	0.957	2.5	TH0001
0002	Klondyke	Grab	722834	3934382	grab	1.95	3.9	TH0002
0003	N. Klondyke	Grab	723323	3934174	grab	3.23	7.1	TH0003
0004	N. Klondyke	Chip	723340	3934155	2.0	0.78	4	TH0004
0005	Klondyke	Chip	723341	3934154	1.0	0.674	9.4	TH0005
0006	Klondyke	Chip	723346	3934160	1.5	78.1	115	TH0006
0007	Klondyke	Chip	723347	3934159	1.5	5.43	28.1	TH0007
0008	Klondyke	Chip	723390	3934185	1.2	1.495	1	TH0008
0009	Klondyke	Chip	723390	3934185	1.0	5.28	1.5	TH0009
0010	N. Klondyke	Chip	723452	3934396	1.0	0.474	2.1	TH0010
0011	N. Klondyke	Chip	723431	3934353	0.5	0.412	2.9	no photo
0012	N. Klondyke	Chip	723431	3934353	2.0	3.84	20.7	no photo
0013	N. Klondyke	Chip	723415	3934334	2.0	0.291	2	TH0013
0014	Klondyke	Chip	723529	3934124	3.0	5.06	1.7	TH0014
0015	Klondyke	Chip	723342	3934151	1.0	2.76	5.1	TH0015
0016	Klondyke	Chip	723346	3934143	1.5	5.39	11.9	TH0016
0017	Klondyke	Chip	723346	3934143	1.5	4.85	8.6	TH0017
0018	S. Klondyke	Chip	723619	3933721	2.0	8.56	5.2	TH0018
0019	S. Klondyke	Chip	723687	3933664	2.0	1.695	1.5	TH0019
0020	Jim & Jerry	Chip	723707	3935120	2.0	10.55	37.5	TH0020
0021	Jim & Jerry	Float	723723	3935115	grab	21.2	76.4	TH0021
0022	Jim & Jerry	Chip	723726	3935114	1.5	2.75	9.5	TH0022
0023	Jim & Jerry	Chip	723729	3935120	1.5	12.85	19.4	no photo
0024	Apex	Chip	723388	3934297	2.0	0.251	1.4	TH0024
0026	Apex	Chip	723350	3934288	2.0	0.635	3.1	TH0026
0027	Scout	Grab	723307	3935184	grab	2.37	3.6	TH0027
0028	Scout	Chip	723317	3935178	2.5	0.927	1.8	TH0028
0029	Scout	Chip	723315	3935180	2.0	3.82	3.9	TH0029
0030	Scout	Chip	723314	3935177	2.0	3.8	4.7	TH0030
0031	Scout	Chip	723344	3935168	2.0	3.83	3.4	TH0031
0032	Scout	Chip	723342	3935164	1.2	3.85	8.4	TH0032
0033	Scout	Chip	723336	3935171	1.0	2.32	5.6	TH0033
0034	Scout	Chip	723268	3935113	1.0	0.019	0.3	TH0034
0035	Scout	Chip	723307	3934948	2.0	0.175	2.1	TH0035 & TH0036
0036	Scout	Chip	723307	3934948	ND	0.328	4.3	TH0035 & TH0036
0037	Scout	Grab	723350	3934991	grab	1.09	5.3	TH0037
0038	Scout	Chip	723351	3934989	2.0	0.656	9.1	TH0038
0039	Scout	Chip	723340	3935019	2.0	0.892	4.2	TH0039
0040	S. Scout	Chip	723194	3934892	2.0	0.009	0.2	TH0040
0041	S. Scout	Chip	723195	3934890	0.2	0.012	0.4	TH0041
0042	S. Scout	Chip	723256	3934838	1.1	3.78	15.5	TH0042
0043	S. Scout	Chip	723268	3934839	2.2	1.81	9.5	TH0043
0044	S. Scout	Chip	723246	3934826	2.0	0.028	0.5	TH0044
0045	S. Scout	Chip	723344	3934929	1.0	0.905	1.5	TH0045
0046	Scout	Chip	723346	3934976	2.0	0.18	1	TH0046
0047	Jim & Jerry	Chip	723763	3935089	1.0	0.009	<0.2	TH0047
0048	Jim & Jerry	Chip	723711	3935102	grab	13.2	35.4	TH0048
0049	Jim & Jerry	Chip	723734	3935133	1.0	1.06	1.3	TH0049
0051	Jim & Jerry	Chip	723735	3935132	2.0	0.396	1.4	TH0051
0052	Jim & Jerry	Chip	723740	3935162	1.7	2.42	7.5	TH0052
0053	Jim & Jerry	Chip	723745	3935205	1.0	0.013	<0.2	TH0053
0054	Jim & Jerry	Chip	723757	3935211	1.6	5.87	5	TH0054
0055	Golden Ram	Chip	723710	3935566	0.9	6.06	8.9	TH0055
0056	Golden Ram	Chip	723709	3935567	0.5	0.531	6.2	TH0056
0057	Golden Ram	Chip	723725	3935579	0.5	0.033	<0.2	TH0057
0058	Golden Ram	Chip	723776	3935564	1.0	0.086	0.2	TH0058
0059	Golden Ram	Chip	723733	3935551	0.8	0.121	0.2	TH0059
0060	Golden Ram	Chip	723759	3935569	0.6	0.142	<0.2	TH0060
0061	Golden Ram	Float	723642	3935552	grab	1.57	0.7	TH0061
0062	Golden Ram	Float	723644	3935552	grab	3.34	1.8	TH0062
0063	Golden Ram	Grab	723607	3935590	grab	8.33	4	TH0063
0064	Golden Ram	Chip	723498	3935640	0.8	0.039	<0.2	TH0064
0065	Golden Ram	Grab	723582	3935572	grab	4.42	2.8	TH0065
0066	Golden Ram	Chip	723807	3935546	2.0	0.087	<0.2	TH0066
0067	Golden Ram	Chip	723837	3935568	2.0	0.061	0.2	TH0067
0068	West Jim & Jerry	Chip	723524	3935364	1.5	3.26	8.5	TH0068
0069	West Jim & Jerry	Chip	723524	3935362	2.0	5.16	13	TH0069
0070	Golden Door	Chip	723148	3935437	0.3	0.161	<0.2	TH0070
0071	Golden Door	Chip	723000	3935425	1.2	0.022	<0.2	TH0071
0072	Golden Door	Chip	723000	3935427	0.5	0.088	0.2	TH0072
0073	Golden Door	Chip	723062	3935434	0.5	0.579	0.2	TH0073
0074	Golden Door/Scout	Chip	723209	3935366	1.5	1.745	1.3	TH0074
0076	Golden Door	Chip	723214	3935389	1.3	1.12	0.9	TH0076
0077	Golden Door	Chip	723206	3935393	1.0	1.135	0.7	TH0077
0078	Scout	Chip	723328	3935120	1.0	0.215	1.6	TH0078
0079	Scout	Chip	723308	3935205	1.0	6.73	5.8	TH0079
0080	Scout	Chip	723281	3935236	0.8	3.26	2.2	TH0080
0081	Scout	Chip	723334	3935236	1.0	2.86	3.6	TH0081
0082	Scout	Chip	723338	3935252	1.0	0.689	2.4	TH0082
0083	Orphan	Grab	723152	3935103	grab	0.56	0.4	TH0083
0084	Orphan	Grab	723142	3935133	grab	3.98	3.7	TH0084
0085	Orphan	Chip	723141	3935138	1.6	6.66	3.4	TH0085
0086	Orphan	Chip	723156	3935142	1.0	8.5	5.7	TH0086
0087	Orphan	Chip	723152	3935144	1.1	14.2	56.8	TH0087
0088	Orphan	Chip	723149	3935161	2.3	2.64	1.1	TH0088
0089	Orphan	Chip	723166	3935153	2.5	1.05	0.6	TH0089
0090	Lower Scout	Chip	723240	3935156	2.0	4.58	31.2	TH0090
0091	Lower Scout	Chip	723243	3935151	1.0	0.076	3.9	TH0091
0092	Golden Door	Chip	722944	3935241	2.0	13.1	17.6	TH0092
0093	Golden Door	Chip	722929	3935210	1.8	0.888	1.5	TH0093
0094	Golden Door	Chip	722935	3935189	1.5	18.3	40.8	TH0094
0095	Golden Door	Chip	722912	3935241	1.3	0.09	1	TH0095
0096	Golden Door	Chip	722885	3935251	1.7	0.406	1.1	TH0096
0097	Golden Door	Chip	722845	3935240	1.3	3.68	3.4	TH0097
0098	Golden Door	Chip	722843	3935240	1.0	1.335	4	TH0098
0099	Golden Door	Grab	722838	3935225	grab	0.735	2.9	TH0099
0101	Dixie Mine	Chip	723314	3932405	0.5	9.22	4.8	TH0101
0102	Dixie Mine	Chip	723339	3932422	1.0	1.13	4	TH0102
0103	Dixie Mine	Chip	723330	3932470	1.5	0.057	0.5	TH0103
0104	Dixie Mine	Chip	723328	3932471	1.5	0.043	1.8	TH0104
0105	Dixie Mine	Chip	723339	3932477	0.5	0.018	0.5	TH0105
0106	S. Dixie/Jack's Hill	Chip	723485	3931955	1.3	1.87	2.1	TH0106
0107	S. Dixie/Jack's Hill	Chip	723500	3931987	0.5	1.185	0.3	TH0107
0108	S. Dixie/Jack's Hill	Grab	723425	3932100	grab	1.59	0.9	TH0108
0109	Dixie Mine	Chip	723435	3932132	0.8	0.394	0.6	TH0109
0110	Dixie Mine	Chip	723424	3932195	0.3	0.845	0.4	TH0110
0111	Dixie Queen	Chip	724282	3932361	1.5	1.125	5.4	TH0111
0112	Dixie Queen	Grab	724243	3932409	grab	6.91	48.7	TH0112
0113	Dixie Queen	Chip	724260	3932441	0.2	4.92	58.4	TH0113
0114	Dixie Queen	Grab	724207	3932490	grab	0.432	8.7	TH0114
0115	Middle Dixie	Chip	723808	3932404	1.6	0.306	2.6	TH0115
0116	Middle Dixie	Float	723771	3932385	grab	4.27	1.6	TH0116
0117	Middle Dixie	Chip	723741	3932391	0.8	0.03	0.2	TH0117
0118	Middle Dixie	Chip	723694	3932388	1.8	0.036	1.1	TH0118
0119	Dixie Queen	Chip	724118	3932521	0.5	3.42	57.5	TH0119 & TH0120
0120	Dixie Queen	Grab	724119	3932520	grab	7.54	31.9	TH0119 & TH0120
0121	Dixie Queen	Chip	723970	3932537	0.5	0.187	2.7	TH0121
0122	Dixie Queen	Grab	724180	3932471	grab	2.75	82.3	TH0122
0123	E. Dixie Queen	Chip	724472	3932353	1	0.018	0.5	TH0123
0124	Middle Dixie	Grab	723853	3932583	grab	1.15	36.9	TH0124
0126	Middle Dixie	Chip	723852	3932581	1	3.27	57.8	TH0126
0127	Jamie	Chip	724467	3933107	1.2	0.156	0.9	TH0127
0128	Jamie	Chip	724483	3933065	2.2	0.25	0.6	TH0128
0129	Jamie	Chip	724748	3933184	0.8	5.07	0.8	TH0129
0130	Jamie	Chip	724748	3933185	1	0.19	0.7	TH0130
0131	Jamie	Grab	724743	3933184	grab	20.3	14.6	TH0131
0132	Jamie	Chip	724852	3933119	0.7	0.925	1.7	TH0132
0133	Jamie	Grab	724750	3933003	grab	0.653	1.3	TH0133
0134	Jamie	Chip	724711	3933074	0.5	10.05	1.1	TH0134
0135	Jamie	Chip	724702	3933122	1.3	8.98	2.3	TH0135
0136	Jamie	Grab	724687	3933133	grab	20.5	8.8	TH0136
0137	Ringbolt	Chip	723529	3932791	0.7	8.17	2.8	TH0137
0138	Ringbolt	Grab	723535	3932802	grab	1.495	2	TH0138
0139	S. Klondyke	Chip	723558	3933642	1	0.075	<0.2	TH0139
0140	S. Klondyke	Chip	723559	3933641	1.2	0.332	0.4	TH0140
0141	S. Klondyke	Chip	723544	3933659	1	1	1	TH0141
0142	S. Klondyke	Chip	723545	3933960	1.1	0.436	0.8	TH0142
0143	S. Klondyke	Chip	723334	3933697	1.8	0.032	0.8	TH0143
0144	Klondyke Mine	Chip	723308	3933876	1	8.08	8.4	TH0144
0145	Klondyke Mine	Chip	723253	3933904	1	4.4	6.8	TH0145
0146	Klondyke	Chip	723340	3933885	2	0.364	0.5	TH0146
0147	Klondyke	Chip	723386	3933907	0.3	2.94	2.8	TH0147
0148	Klondyke	Chip	723266	3934050	1.3	0.178	0.8	TH0148
0149	S. Klondyke	Chip	723643	3933783	1.2	0.176	0.5	TH0149
0151	W. Klondyke	Chip	722967	3933714	0.6	0.319	0.3	TH0151
0152	S. Apex Zone	Chip	723592	3934363	1	0.036	<0.2	TH0152
0153	S. Apex Zone	Chip	723601	3934333	2	0.011	0.2	TH0153
0154	S. Klondyke	Chip	723616	3933576	1.5	0.455	0.6	TH0154
0155	S. Klondyke	Chip	723705	3933605	2	8.16	2.7	TH0155
0156	S. Klondyke	Chip	723732	3933510	2	0.032	3.1	TH0156
0157	S. Klondyke	Chip	723707	3933548	2	2.79	0.4	TH0157
0158	N. Apex	Grab	723358	3934378	grab	0.023	13.1	TH0158
0159	N. Apex	Chip	723375	3934353	0.6	14.35	23.7	TH0159
0160	N. Apex	Chip	723418	3934403	0.7	0.139	2.1	no photo
0161	W. Apex	Chip	723429	3934400	0.9	0.495	3	TH0161
0162	Epidote	Chip	723748	3934611	0.5	0.066	1.4	TH0162
0163	Epidote	Chip	723769	3934630	1	0.057	0.6	TH0163
0164	Epidote	Chip	723859	3934819	1.6	0.402	0.5	TH0164
0165	Epidote	Chip	723860	3934817	1.6	0.321	0.5	no photo
0166	Epidote	Chip	723898	3934822	1.5	4.85	1.6	TH0166
0167	Epidote	Chip	723924	3934848	1.2	0.389	0.6	TH0167
0168	Epidote	Chip	723928	3934902	0.6	0.006	<0.2	TH0168
0169	Epidote	Chip	723953	3934911	0.9	3.65	2.3	TH0169
0170	Epidote	Chip	723984	3934930	2	0.099	<0.2	TH0170
0171	Epidote	Chip	724072	3935016	0.5	0.023	<0.2	TH0171
0172	Hot Springs	Chip	722095	3933847	1	0.018	<0.2	TH0172
0173	Hot Springs	Chip	727070	3933857	1	0.007	<0.2	TH0173
0174	Hot Springs	Chip	722067	3933856	1.2	<0.005	<0.2	TH0174
0176	Hot Springs	Chip	722073	3933847	1.2	<0.005	<0.2	TH0176
0177	Hot Springs	Chip	722073	8933850	1.5	<0.005	<0.2	TH0177
0178	Hot Springs	Chip	722074	3933849	0.15	0.005	<0.2	TH0178
0179	Red Gap (lower)	Grab	722323	3935251	grab	4	20.8	TH0179
0180	Red Gap (upper)	Chip	722433	3935379	1	1.635	16.2	TH0180
0181	Red Gap (upper)	Chip	722444	3935387	1.2	1.745	18.3	TH0181
0182	Red Gap (upper)	Chip	722441	3935388	1	0.42	29.2	TH0182
0183	Red Gap (upper)	Chip	722431	3935379	1.2	6.04	27.6	TH0183
0184	Red Gap (upper)	Chip	722480	3935353	1	2.93	4.1	TH0184
0185	Red Gap (upper)	Chip	722486	3935384	1.6	8.91	22.3	TH0185
0186	NW leach pad	Float	722311	3934776	grab	0.019	<0.2	TH0186
0187	NW leach pad	Chip	722257	3934857	1	0.005	<0.2	TH0187
0188	NW leach pad	Chip	722242	3934717	1.3	<0.005	<0.2	TH0188
0189	Hot Springs	Chip	722021	3932866	0.5	0.02	<0.2	TH0189
0190	Hot Springs	Chip	721946	3933856	1	<0.005	<0.2	TH0190
0191	Hot Springs	Chip	721917	3933748	0.7	0.027	<0.2	TH0191
0192	Cottonwood Rd.	Chip	724157	3931474	0.5	6.26	2	TH0192
0193	Cottonwood Rd.	Grab	724074	3931541	grab	4.97	10.3	TH0193
0194	Cottonwood Rd.	Chip	724087	3931557	2.5	4.75	8.9	TH0194
0195	Cottonwood Rd.	Grab	724123	3931501	grab	34.1	57.4	TH0195
0196	Jamie	Chip	724514	3933079	0.5	0.087	0.3	TH0196
0197	Jamie	Chip	724500	3933080	0.4	0.148	0.3	TH0197
0198	Jamie	Chip	724599	3932981	2	1.06	1.4	TH0198
0199	Jamie	Chip	724531	3933007	0.5	0.679	0.2	TH0199

PROJECT OVERVIEW

The Mohave Project is currently under Option to Black Mountain Gold USA Corp. (TSX.V:BMG), whereby M3 retains a 10% interest in the project. (see news dated June 10, 2020).

The Mohave project covers over five square miles of strongly altered rocks and virtually all of an historic gold district that is estimated to have produced about 100,000 tons at a grade of between 0.33 and 0.5 oz Au/ton. The project comprises 148 unpatented lode claims and 13 mill sites in a mining-friendly environment on land administered by the Bureau of Land Management (BLM). There have been more than 550 drill holes totaling more than 68,000 feet drilled on the project, and this drilling has developed a historic Reserve of 56,000 oz/Au and a historic Resource of 40,000 oz Au for total of 96,000 ounces of gold. All of the historic drilling has been done in the northern one-fourth of the property, and the majority of these holes were shallow, 100 feet-deep, air-track holes, and many stopped in ore-grade mineralization. Most of the work was done in the 1980s and 1990s and was directed toward putting the known gold reserve/resource in the northern part of the property into production rather than exploring the potential for a much larger, 1 M oz Au, deposit.

The previous private owners spent approximately $12 Million developing the property and installing a heap-leach facility. Before the pad could be loaded, the group ran out of funding, and the property has set idle since the 1990’s.

Some of the 1990’s infrastructure is still on site including: two water wells, a leach pad, unlined ponds, and a 350 tonne per hour crushing circuit with conveyor line. All of the project data has been meticulously preserved, and most of the project has been mapped at a 1:2,400 scale with widespread geochemical gold in soil and rock spread across the entire 5 kilometre length of the property.

Mohave Mine Gold Project 350 tonne per hour crushing plant; mechanical screen deck for sorting material size.

Mohave Mine Gold Project 350 tonne per hour crushing plant; tandem cone crushers.

Mohave Mine Gold Project 350 tonne per hour crushing plant; grizzly and feeder conveyor into primary jaw crusher.

Geology and Mineralization

The historic gold production came from near-surface, calcite +/- quartz veins hosted in intermediate to felsic Tertiary volcanic and intrusive rocks. Basement in the region is pre Cambrian gneisses and schists. Mineralization is related to structures, rhyolitic flow domes and altered rhyolite and dacite dikes. There are also outcrops of mineralized quartz monzonite on the property. The project has a historic proven mineral reserve of 1,235,700 tons with gold averaging 0.045 opt using a 0.01 opt cut off. This material contains just over 56,000 ounces of gold and is developed in three small areas which had historic production. Two other areas on the project have had sufficient drilling to outline resources of 370,000 tons at 0.055 opt and 327,000 tons at 0.06 opt. This historic resource totals 40,300 oz Au for a total of 96,415 oz Au on the Property. Cyanide leaching recovers plus 80% of the gold, and the mineralization starts at the surface.

Preliminary bench at Klondyke mine on the Mohave Mine Gold Project; quartz carb stock working in andesitic volcanic rocks. Blasted material moved to stockpile, historic resource remains in place and open for expansion.

Exploration and Development

New information including sample results and field observations strongly suggest that the gold on the project is related to a district-scale gold rich epithermal system and therefore has the potential to be quite large. Geologic models indicate that the epithermal system was emplaced into an evolving volcanic/intrusive complex within a north-trending corridor undergoing extreme extension making timing and emplacement fortuitous for gold deposition.

M3 Metals is currently conducting work that will continue to prioritize drilling targets by focusing on areas with the greatest volume potential and will better define the full extent of mineralized zones. This will include efforts to identify new undiscovered zones that may exist below the surface. Field observations and consideration of historic drill data support extensions of surface mineralization to depth or gold zones blind to the surface.

M3 Metals is also completing baseline environmental work under a Plan of Operation application to the BLM. The application outlines the disturbance of approximately 1000 Acres for drilling approximately 600 drill holes and will include the ability for test pitting and potential mining activities and development

Photo Gallery

Conclusions

The Mohave Mine Gold Project presents the opportunity to develop a district-scale, advanced-stage gold project. Some of the production facilities have been built. There are at least 18 anomalous gold zones on the project that have not been drilled, leaving potential to significantly increase the amount of historic mineralization identified on the Property.

Disclaimer

"The Company discloses that a qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves, and the issuer is not treating the historical estimate as current mineral resources or mineral reserve. Furthermore, the Company has not independently verified the samples and grades presented in this release and considers them to be historic in nature, and not compliant with NI 43-101 standards.

Adrian Smith, P.Geo., is Qualified Person as defined by National Instrument 43-101 for the above-mentioned project. The QP is a member in good standing of the Association of Professional Engineers and Geoscientists of British Columbia (APEGBC) and the Professional Engineers & Geoscientists Newfoundland & Labrador (PEGNL) as a registered Professional Geoscientist (P.Geo.). Mr. Smith has reviewed and approved the technical information disclosed above.”

INVESTOR PRESENTATION

Mohave Mine Gold Project