Yava

Nunavut

Yava
Nunavut’s Emerging Silver Opportunity

The Yava Property is in the Mackenzie Mining District, in the Territory of Nunavut, approximately 450 kilometers northeast of Yellowknife.

The Yava Property encompasses known base and precious metal occurrences along the Hackett-Back River greenstone belt, positioned just 45 kilometres from Glencore’s Hackett River project, which hosts one of the largest undeveloped silver resources in the world.

Strategic Location in Prime Mining District

The Yava Property is in the Mackenzie Mining District, in the Territory of Nunavut, approximately 450 kilometers northeast of Yellowknife. The project was acquired from Blue Moon Metals Inc. on October 2, 2024 at a cost of $0.08 per ounce of contained silver in historic resource.

Key Highlights

4.5 Million ounces of silver (historic resource)
Property expanded from 1,280 to 4,395 hectares (Oct 2024)
45 km from Hackett River (Glencore)
Multiple exploration targets identified
100% ownership of property

Yava

Key Highlights

The Yava Property encompasses known base and precious metal occurrences along the Hackett-Back River greenstone belt.

The north end of this greenstone belt hosts the Hackett River base and precious metal resource, currently held by Glencore. Glencore (Xstrata) acquired the Hackett River project for $50 million in 2011.

Hackett River is among the largest undeveloped silver resources in the world.

According to Xstrata’s December 31, 2012, report, Hackett River’s resource estimate includes

Indicated

25 million tons @
4.2% zinc
0.6% lead
0.5% copper
130 g/t silver
0.3 g/t gold

Inferred

57 million tons @
3.0% zinc
0.5% lead
0.4% copper
100 g/t silver
0.2 g/t gold

Incorporate

This comprises 105 million ounces of silver Indicated plus 184 million ounces Inferred

RESOURCE

Historical Resource Estimate

In 1976, Brascan Resources Ltd. estimated the Yava Main Zone to contain:

1.3 million tons @ 4.96% zinc, 1.03% copper, 1.60% lead, 3.42 oz/t silver, and 0.008 oz/t gold to a depth of 100 metres.

The Main Zone was only drilled to a depth of 100 metres. Mineralization remains open down-dip and along strike.

There are multiple additional exploration targets in favorable volcanic stratigraphy associated with geochemical and geophysical anomalies.

This comprises 4.5 million ounces of silver.

Comment on Historical Resource Estimate

The historic preliminary resource estimate of 1.3Mt grading 1.03% Cu, 1.6% Pb, 4.96% Zn, 3.42 opt Ag and 0.008 opt Au was prepared for Brascan Resources Ltd. It is classed as a historic mineral resource estimate. A qualified person has not done sufficient work to classify this historic tonnage estimate as a current mineral resource and the Company is not treating the estimate as a current mineral resource. The historic resource estimate cannot be relied upon. Additional work, including verification drilling / sampling and remodeling, will be required to verify the estimate as a current mineral resource. In addition, the assessment of economic viability would need to be redone using current or foreseeable metals prices, which are higher than those used in the historic estimate.

Dorian L. (Dusty) Nicol, the Company’s CEO (PG, FAusIMM), a qualified person as defined by NI 43-101, has reviewed the scientific and technical information presented on this website.