Assay Results

The following table shows additional expansion drill results in the Las Chispas and Giovanni veins located in Sonora, Mexico at the Las Chispas Project: November 21, 2019

Las Chispas and Giovanni Veins

Hole #* From
(m)
To
(m)
Drilled
Width
(m)
Est. True
Width
(m)
Au
gpt
Ag
gpt
AgEq**
gpt
Vein
LC17-58 440.8 443.0 2.2 1.8 0.98 172.5 246 Las Chispas & Giovanni
LC-18-77 323.1 323.6 0.5 0.4 8.26 1,060.0 1,680 Giovanni
LC19-89 272.3 272.9 0.6 0.5 1.89 309.0 451 Giovanni
LC19-89 287.9 288.4 0.5 0.4 0.96 124.0 196 Las Chispas
LC19-100 294.3 295.9 1.6 1.4 6.11 795.3 1,253 Giovanni
Includes 295.4 295.9 0.5 0.4 18.80 2,440.0 3,850  
LC19-100 309.7 310.2 0.5 0.4 1.93 298.0 443 Las Chispas
LC19-101 236.0 239.0 3.0 2.5 4.17 642.0 955 Las Chispas & Giovanni
Includes 236.0 238.0 2.0 1.6 4.49 708.0 1,045  
LC19-105 327.0 328.5 1.5 1.3 3.25 398.0 642 Las Chispas
LC19-106 326.6 327.2 0.6 0.5 2.35 402.0 578 Giovanni
LC19-107 299.6 301.0 1.4 1.2 7.72 1,005.0 1,584 Las Chispas
LC19-107 276.8 277.3 0.5 0.4 1.03 204.0 281 Giovanni
LC19-108 293.2 294.4 1.2 0.9 2.30 366.0 539 Giovanni
LC19-108 315.0 315.7 0.7 0.5 1.05 144.0 223 Las Chispas
LC19-111 305.5 307.4 1.9 1.6 8.99 1,424.0 2,098 Giovanni
Includes 306.0 306.7 0.7 0.6 15.85 2,530.0 3,719  
LC19-117 288.9 289.5 0.6 0.4 26.70 2,900.0 4,903 Las Chispas
LC19-118 303.7 314.4 10.8 8.6 44.30 4,551.3 7,873 Las Chispas & Giovanni
Includes 310.3 312.3 2.1 1.7 213.66 21,670.8 37,695  
LC19-123 281.8 282.4 0.6 0.5 2.63 452.0 649 Giovanni
LC19-123 300.6 307.5 6.8 5.5 3.54 615.5 881 Las Chispas
Includes 306.3 307.5 1.2 0.9 12.69 2,254.8 3,207  
Weighted Average 2.0 1.6 16.54 1,837.3 3,078  

Note: All numbers are rounded. Based on a cutoff grade of 150 gpt AgEq.
*Holes consist of 10 previously announced holes before declaring the newly defined Area 118 zone and three newly announced holes (LC19-117, 118 and 123) above cutoff grade. A total of 13 holes used for the newly defined high-grade footprint.
**AgEq based on 75 (Ag):1 (Au) calculated using long-term silver and gold prices of US$17 per ounce silver and US$1,225 per ounce gold, with average metallurgical recoveries of 90% silver and 95% gold.
The following table shows positive High-Grade Expansion in the Babi Vista Vein, at the Las Chispas Project: November 14, 2019

Babi Vista Vein High-Grade Expansion:

Hole #** From
(m)
To
(m)
Drilled
Width
(m)
Est. True
Width
(m)***
Au
gpt
Ag
gpt
AgEq*
gpt
UBV19-02 24.1 27.0 2.9 2.3 2.27 215.1 386
Includes 26.5 27.0 0.5 0.4 9.99 878.0 1,627
UBV19-03 21.7 22.2 0.5 0.4 3.55 385.0 651
UBV19-05 12.4 13.5 1.1 0.9 4.86 600.0 965
UBV19-06 21.5 22.0 0.5 0.4 1.10 187.0 270
UBV19-07 24.0 24.7 0.7 0.6 1.09 92.0 174
UBV19-08 42.0 44.4 2.4 2.0 1.84 433.0 571
UBV19-12 18.2 19.7 1.5 1.2 2.56 296.3 488
Includes 19.2 19.7 0.5 0.4 5.32 632.0 1,031
BV19-03 270.7 285.4 14.7 8.8 7.36 584.3 1,136
Includes 273.4 273.9 0.5 0.3 120.50 9,510.0 18,548
Includes 282.4 282.9 0.5 0.3 18.85 1,775.0 3,189
Includes 282.8 284.0 1.2 0.7 18.15 1,495.0 2,856
BV19-04 304.9 315.9 11.0 6.6 3.37 249.8 502
Includes 315.2 315.9 0.7 0.4 32.70 2,940.0 5,393

Note: All numbers are rounded. Based on a cutoff grade of 150 gpt AgEq.
* AgEq based on 75 (Ag):1 (Au) calculated using long-term silver and gold prices of US$17 per ounce silver and US$1,225 per ounce gold, with average metallurgical recoveries of 90% silver and 95% gold.
**UBV defines underground drill hole.
***Variations in vein widths are typical for epithermal vein systems.

The following table shows positive reconciliation results compared to the resource model for the Babicanora Vein, in Area 51 at its Las Chispas Project: October 16, 2019

Babicanora Vein, Level 1096, Underground Channel Sample Composite Results:

U/G Sample
Composite
No.
From
(m)
To
(m)
Length
(m)
Au
gpt
Ag
gpt
AgEq
gpt*
B207-SE 0.0 3.1 3.1 8.94 983.1 1,653
includes     0.6 28.10 3,280.0 5,388
B207-NW 0.0 2.1 2.1 37.33 4,599.0 7,399
includes     0.6 125.50 13,960.5 23,373
B208-SE 0.0 3.9 3.9 8.85 974.6 1,638
includes     0.6 16.60 2,170.0 3,415
B208-NW 0.0 3.3 3.3 50.07 1,772.4 5,527
includes     0.6 166.00 6,140.0 18,590
B210-SE 0.0 4.3 4.3 51.50 3,160.6 7,023
includes     0.8 125.00 2,690.0 12,065
B211-SE 0.0 4.8 4.8 17.46 1,458.1 2,768
includes     0.3 137.50 5,740.0 16,053
B212-SE 0.0 3.5 3.5 20.09 1,030.0 2,537
includes     0.7 60.10 1,440.0 5,948
B212-NW 0.0 1.3 1.3 9.24 730.8 1,424
includes     0.5 11.25 864.0 1,708
B213-SE 0.0 4.0 4.0 18.55 1,398.8 2,790
includes     0.7 26.30 2,850.0 4,823
B215-SE 0.0 3.2 3.2 61.89 2,503.7 7,145
includes     0.8 123.50 3,770.0 13,033
B215-NW 0.0 1.0 1.0 15.92 2,205.0 3,399
includes     0.7 22.10 3,060.0 4,718
B216-SE 0.0 3.5 3.5 25.27 4,737.4 6,632
includes     0.7 44.80 17,091.5 20,452
B216-NW 0.0 1.3 1.3 10.71 871.5 1,675
includes     0.7 13.10 1,460.0 2,443
B217-SE 0.0 2.8 2.8 94.52 8,319.8 15,409
includes     1.0 229.00 21,128.0 38,303
B218-SE 0.0 3.1 3.1 17.00 1,548.7 2,823
includes     0.6 63.20 4,570.0 9,310
B218-NW 0.0 2.4 2.4 11.93 439.7 1,335
includes     0.5 40.80 1,185.0 4,245
B220-NW 0.0 2.6 2.6 6.46 812.0 1,296
includes     0.3 24.90 3,010.0 4,878
B224-NW 0.0 1.4 1.4 9.38 435.7 1,139
includes     0.5 15.05 1,030.0 2,159
B227-SE 0.0 1.7 1.7 6.41 592.0 1,073
includes     0.6 12.95 695.0 1,666
B230-SE 0.0 1.8 1.8 9.52 915.7 1,630
includes     0.5 16.90 1,215.0 2,483
B232-SE 0.0 1.2 1.2 10.76 1,691.2 2,498
includes     0.4 25.70 3,320.0 5,248
B233-SE 0.0 0.8 0.8 5.73 1,265.6 1,695
includes     0.5 8.16 1,250.0 1,862
B233-NW 0.0 2.8 2.8 20.51 490.7 2,029
includes     0.6 60.00 655.0 5,155
B234-SE 0.0 2.4 2.3 8.94 1,604.5 2,275
includes     0.5 14.75 3,570.0 4,676
B235-SE 0.0 3.3 3.3 7.96 905.2 1,502
includes     0.4 50.00 4,710.0 8,460

Note: All numbers are rounded. Composites based on a cutoff grade of 150 gpt AgEq. Composite are approximate true widths. Sample results stated in table are only from 1.5 metres above the drift floor. Sample results in the block model for reconciliation also include samples from 0.5 metres above floor and on the back (roof) of the drift.
* AgEq based on 75 (Ag):1 (Au) calculated using long-term silver and gold prices of US$17 per ounce silver and US$1,225 per ounce gold, with average metallurgical recoveries of 90% silver and 95% gold.

The following 4 tables shows vein extensions to depth drill results for three veins (Giovanni, La Blanquita and Las Chispas) and the discovery of a new vein, La Blanquita Dos: October 9th, 2019

Giovanni Vein:

Hole ID From
(m)
To
(m)
Interval
(m)
Est. True
Width
(m)
Au
gpt
Ag
gpt
AgEq*
gpt
LC19-89 272.3 272.9 0.6 0.5 1.89 309.0 451
LC19-100 294.3 295.9 1.6 1.4 6.11 795.3 1,253
Includes 295.4 295.9 0.5 0.4 18.80 2,440.0 3,850
LC19-101 236.0 239.0 3.0 2.5 4.17 642.0 955
Includes 236.0 238.0 2.0 1.6 4.49 708.0 1,045
LC19-106 326.6 327.2 0.6 0.5 2.35 402.0 578
LC19-107 276.8 277.3 0.5 0.4 1.03 204.0 281
LC19-108 293.2 294.4 1.2 0.9 2.30 366.0 539
LC19-111 305.5 307.4 1.9 1.6 8.99 1,424.0 2,098
Includes 305.0 306.7 0.7 0.6 15.85 2,530.0 3,719
Weighted Average 1.4 1.2 4.78  726.3 1,084

Las Chispas Vein:

Hole ID From
(m)
To
(m)
Interval
(m)
Est. True
Width
(m)
Au
gpt
Ag
gpt
AgEq*
gpt
LC19-89 287.9 288.4 0.5 0.4 0.96 124.0 196
LC19-100 309.7 310.2 0.5 0.4 1.93 298.0 443
LC19-105 327.0 328.5 1.5 1.3 3.25 398.0 642
LC19-107 299.6 301.0 1.4 1.2 7.72 1,005.0 1,584
LC19-108 315.0 315.7 0.7 0.5 1.05 144.0 223
Weighted Average 1.0 0.8 3.90 505.8 798

La Blanquita Vein:

Hole ID From
(m)
To
(m)
Interval
(m)
Est. True
Width
(m)
Au
gpt
Ag
gpt
AgEq*
gpt
LC19-87 62.6 63.2 0.6 0.4 1.82 222.0 359
LC19-89 99.8 101.0 1.2 1.1 5.06 289.0 669
LC19-91 95.8 96.4 0.6 0.4 4.40 7.7 338
LC19-96 191.1 191.6 0.5 0.4 2.44 2.8 186
LC19-99 117.7 118.3 0.6 0.4 7.43 563.0 1,120
LC19-101 84.0 85.8 1.8 1.4 2.46 265.5 450
Includes 84.0 84.5 0.5 0.4 7.93 853.0 1,448
Weighted Average 0.9 0.8 3.75 245.5 527

La Blanquita Dos Vein:

Hole ID From
(m)
To
(m)
Interval
(m)
Est. True
Width
(m)
Au
gpt
Ag
gpt
AgEq*
gpt
LC19-91 46.4 47.0 0.6 0.4 1.08 136.0 217
LC19-94 52.1 52.6 0.5 0.4 1.70 216.0 344
LC19-98 49.9 50.9 1.0 0.8 6.58 274.0 767
Includes 50.4 50.9 0.5 0.4 13.10 392.0 1,375
Weighted Average 0.7 0.6 3.91 222.8 516

Note: All numbers are rounded. Based on a cutoff grade of 150 gpt AgEq.
* AgEq based on 75 (Ag):1 (Au) calculated using long-term silver and gold prices of US$17 per ounce silver and US$1,225 per ounce gold, with average metallurgical recoveries of 90% silver and 95% gold.

The following 3 tables shows infill & expansion drill results of the Babi Sur Vein on the Las Chispas Property: August 28, 2019

Babi Sur Vein:

Hole ID From
(m)
To
(m)
Interval
(m)
Est. True
Width
(m)
Au
gpt
Ag
gpt
AgEq*
gpt
BAS19-40 198.0 199.1 1.1 0.9 2.51 12.4 201
BAS19-44 474.4 477.4 3.0 2.5 3.62 278.1 550
incl. 476.6 477.4 0.8 0.6 12.15 898.0 1,809
BAS19-49 269.0 274.8 5.8 3.8 5.32 374.3 773
incl. 274.0 274.8 0.7 0.5 40.80 2,870.0 5,930
BAS19-50 448.6 449.3 0.7 0.5 12.70 756.0 1,709
BAS19-51 288.8 289.3 0.6 0.5 2.05 144.0 298
BAS19-54 323.9 324.5 0.6 0.5 1.95 163.0 309
BAS19-55 194.0 195.1 1.1 0.9 1.62 28.0 149
BAS19-57 289.5 299.8 10.3 8.8 3.09 304.6 536
incl. 291.0 295.5 4.5 3.8 4.90 465.0 833
BAS19-60 238.8 239.3 0.6 0.5 2.26 156.0 326
BAS19-63 258.4 261.8 3.4 3.1 8.51 716.6 1,355
incl. 259.9 261.8 1.9 1.7 14.26 1,237.9 2,308
BAS19-67 297.0 298.4 1.3 1.0 0.52 141.5 180
BAS19-70 271.9 275.5 3.6 3.1 1.42 223.9 330
incl. 273.9 274.5 0.6 0.5 2.11 448.0 606
BAS19-71 278.3 281.7 3.4 2.6 1.38 149.5 253
BAS19-72 281.1 286.4 5.3 4.1 1.31 113.7 212
Weighted Average 2.9 2.3 3.36 282.5 534

Babi Sur HW Vein:

Hole ID From
(m)
To
(m)
Interval
(m)
Est. True
Width
(m)
Au
gpt
Ag
gpt
AgEq*
gpt
BAS19-44 401.1 401.6 0.5 0.4 1.23 117.0 209
BAS19-49 259.9 262.8 2.9 1.9 2.29 889.1 1,061
incl. 259.9 261.6 1.7 1.1 3.37 1,472.0 1,725
BAS19-57 243.8 245.0 1.3 1.1 2.68 165.0 366
BAS19-67 259.6 260.1 0.5 0.4 2.33 42.0 217
BAS19-71 242.8 244.1 1.3 1.0 2.61 409.2 605
incl. 243.5 244.1 0.5 0.4 6.25 843.0 1,312
BAS19-72 252.5 253.0 0.5 0.4 1.44 111.0 219

Babi Sur Unnamed Veins:

Hole ID From
(m)
To
(m)
Interval
(m)
Est. True
Width
(m)
Au
gpt
Ag
gpt
AgEq*
gpt
BAS19-51 284.3 285.0 0.8 0.6 0.80 96.0 156
BAS19-53 200.1 201.7 1.6 1.2 1.49 219.0 331
BAS19-54 334.0 335.2 1.2 1.0 0.83 98.1 160
BAS19-57 226.5 227.7 1.2 1.0 1.25 109.5 203
BAS19-57 280.6 281.1 0.5 0.4 1.46 145.0 255
BAS19-61 163.1 163.6 0.5 0.4 1.98 14.7 163
BAS19-63 279.7 280.9 1.2 1.1 0.40 232.5 263

Note: all numbers are rounded. Based on a cutoff grade of 150 gpt AgEq with no minimum width.
* AgEq based on 75 (Ag):1 (Au) calculated using long-term silver and gold prices of US$17 per ounce silver and US$1,225 per ounce gold, with average metallurgical recoveries of 90% silver and 95% gold.

The following table shows the first underground sampling results for the Babicanora Vein at its Las Chispas Project: July 10, 2019

Babicanora Vein, Area 51 zone, Underground Channel Sample Results:

U/G Face
Sample Number(1)
From
(m)
To
(m)
Interval
(m)
Au
gpt
Ag
gpt
AgEq(2)
gpt
194-4 NW 1.5 0.0 3.9 3.9 62.66 4,610.2 9,310
Includes 0.6 1.2 0.6 336.00 26,435.0 51,635
194-4 SE 1.5 0.0 4.1 4.1 13.91 708.6 1,752
Includes 0.6 1.2 0.6 41.30 2,940.0 6,038
Includes 2.6 3.1 0.4 36.20 526.0 3,241
195-5 SE 0.5 0.0 3.2 3.2 12.89 799.2 1,766
Includes 0.0 2.3 2.3 17.35 1,085.0 2,386
195-5 SE 1.5 0.0 3.5 3.5 16.69 2,192.0 3,444
Includes 0.0 2.6 2.6 21.60 2,790.0 4,410
195-5 NW 0.5 0.0 2.2 2.2 5.91 767.5 1,211
Includes 0.5 1.5 1.0 11.50 1,290.0 2,153
195-5 NW 1.5 0.0 2.1 2.1 3.06 580.2 809
Includes 0.6 1.4 0.8 8.04 989.0 1,592
196-6 NW 0.5 0.0 1.7 1.7 2.62 451.0 648
Includes 1.2 1.7 0.5 2.50 945.0 1,133
196-6 NW 1.5 0.0 1.9 1.9 1.56 399.6 517
196-6 & 7 SE 0.5 0.0 3.3 3.3 6.41 570.7 1,052
Includes 0.0 0.5 0.5 0.05 1,725.0 1,729
196-6 & 7 SE 1.5 0.0 3.2 3.2 18.74 459.3 1,865
Includes 0.0 1.5 1.5 38.40 520.0 3,400
197-7, 8 & 9 NW 0.5 0.0 1.5 1.5 2.46 377.9 563
196-6 NW 0.5 0.0 1.8 1.8 1.92 319.2 463
198-8 SE 1.5 0.0 3.3 3.3 1.27 388.7 484
Includes 0.6 1 0.4 7.91 921.0 1,514
198-8 SE 0.5 0.0 2.3 2.3 2.67 252.8 453
199-9 SE 0.5 0.0 2.7 2.7 5.82 448.7 885
200-10 NW 1.5 0.0 1.4 1.4 7.04 478.6 1,006
Includes 0.0 0.5 0.5 19.75 1,065.0 2,546
200-10 NW 0.5 0.0 1.7 1.7 7.20 699.7 1,240
Includes 0.5 0.9 0.4 27.8 1,750.0 3,835
200-11 NW 1.5 0.0 2.1 2.1 14.77 1,541.9 2,650
Includes 1.4 1.8 0.4 48.50 4,710.0 8,348
201-11 NW 0.5 0.0 1.8 1.8 53.18 3,548.8 7,537
Includes 0.8 1.3 0.5 135.00 7,820.0 17,945
202-12 NW 0.5 0.0 2.5 2.5 15.27 1,426.0 2,571
Includes 1.5 1.9 0.4 90.50 7,640.0 14,428
202-12 NW 1.5 0.0 1.9 1.9 10.34 1,336.1 2,014
Includes 1.3 1.9 0.6 33.00 4,200.0 6,675
203-13 SE 1.5 0.0 2.9 2.9 3.74 465.5 746
Includes 1.1 1.4 0.3 1.95 1,165.0 1,311
203-13 SE 0.5 0.0 2.5 2.5 21.73 1,230.6 2,861
Includes 1.0 1.75 0.75 52.60 2,460.0 6,405
204-14 SE 1.5 0.0 2.3 2.4 4.55 612.5 953
Includes 1.0 1.6 0.6 9.12 921.0 1,605
Weighted Average without includes 2.6 13.70 1,107.6 2,132

Notes: all numbers are rounded. Based on a cutoff grade of 150 gpt AgEq with no minimum width.

  1. 194-4 NW 1.5 means 194-4 blast number, northwest drift, 1.5 metres above mined floor level. SE is southeast drift, 0.5 metres above mined floor level.
  2. AgEq based on 75 (Ag):1 (Au) calculated using long-term silver and gold prices of US$17 per ounce silver and US$1,225 per ounce gold, with average metallurgical recoveries of 90% silver and 95% gold.

The following table shows infill drill results of the Babicanora Vein on the Las Chispas Property: June 27, 2019

Babicanora Vein, Area 51 zone:

Hole # From
(m)
To
(m)
Drilled
Width
(m)
Est. True
Width
(m)
Au
gpt
Ag
gpt
AgEq*
Gpt
BA19-145 220.7 221.6 0.9 0.7 2.1 198.0 358
BA19-147 233.3 236.9 3.6 2.9 4.1 506.6 814
Includes 234.1 234.6 0.5 0.4 27.2 974.0 3,014
Includes 236.3 236.9 0.6 0.5 0.1 1,870.0 1,875
BA19-149 184.2 187.1 2.9 2.3 5.2 336.7 727
Includes 185.2 187.1 1.9 1.5 10.2 585.3 1,352
BA19-152 347.6 348.4 0.8 0.6 1.5 165.0 281
BA19-153 196.6 201.0 4.4 3.5 5.8 597.4 1,033
Includes 196.6 197.2 0.6 0.5 22.8 506.0 2,216
Includes 198.0 198.6 0.6 0.5 18.6 1,875.0 3,270
BA19-154 319.0 321.6 2.6 2.1 0.8 95.1 155
BA19-155 225.0 232.6 7.6 6.0 10.4 1,248.7 2,028
Includes 225.5 226.0 0.5 0.4 34.0 2,860.0 5,410
Includes 230.8 232.6 1.8 1.4 31.3 3,991.4 6,341
BA19-156 180.6 191.1 10.5 8.4 0.6 369.6 418
BA19-158 214.3 219.3 5.0 4.0 1.2 701.3 789
includes 217.7 218.8 1.1 0.9 4.3 1,343.9 1,669
BA19-159 356.7 363.6 6.9 5.6 13.6 1,153.8 2,176
includes 361.7 363.0 1.3 1.0 67.1 6,358.3 11,388
includes 361.7 362.3 0.6 0.4 127.0 12,097.0 21,622
BA19-160 161.6 171.1 9.5 7.6 26.6 2,676.0 4,671
Includes 164.7 165.5 0.8 0.6 47.0 3,750.0 7,275
Includes 167.8 168.9 1.1 0.9 137.5 10,160.0 20,473
Includes 169.9 170.4 0.5 0.4 49.6 6,000.0 9,720
BA19-161 185.1 186.2 1.1 0.9 0.1 2,760.0 2,764
BA19-164 328.4 330.0 1.6 1.2 1.5 123.6 233
BA19-165 174.6 178.9 4.3 3.5 32.8 3,417.2 5,875
includes 177.6 178.4 0.8 0.6 132.0 14,109.0 24,009
BA19-166 241.6 247.2 5.6 4.4 7.7 152.7 728
includes 244.6 245.3 0.6 0.5 16.6 100.0 1,349
BA19-167 342.5 346.2 3.8 3.0 2.6 713.9 908
Includes 343.3 345.3 2.0 1.6 4.5 1,130.0 1,465
BA19-168 202.2 208.5 6.3 5.0 1.4 517.5 619
Includes 202.2 202.9 0.6 0.5 0.1 2,440.0 2,444
Includes 204.7 205.2 0.5 0.4 11.4 1,480.0 2,331
BA19-169 198.3 201.3 3.1 2.4 1.5 421.2 533
BA19-170 323.6 325.0 1.4 1.1 0.7 167.9 222
BA19-171 375.0 382.6 7.6 6.1 4.4 482.0 811
includes 381.0 382.6 1.6 1.3 17.9 1,663.1 3,008
BA19-172 394.7 396.8 2.1 1.7 1.3 123.0 218
BA19-173 219.6 222.1 2.4 2.0 13.9 151.3 1,192
includes 221.1 222.1 0.9 0.7 35.7 186.0 2,864
BA19-174 257.2 258.9 1.7 1.3 2.9 197.3 416
BA19-176 365.6 366.7 1.1 0.9 3.5 414.5 676
BA19-177 252.9 254.1 1.3 1.0 5.8 437.9 872
includes 253.6 254.1 0.6 0.4 11.9 847.0 1,736
BA19-178 401.0 404.9 3.9 3.1 3.6 312.4 585
Includes 401.0 401.7 0.7 0.6 12.6 580.0 1,521
includes 403.9 404.4 0.5 0.4 6.3 752.0 1,222
BA19-179 247.3 247.8 0.5 0.4 2.0 47.0 197
BA19-180 245.9 247.9 2.0 1.6 6.2 740.5 1,206
Includes 246.9 247.4 0.5 0.4 15.4 1,695.0 2,850
BA19-181 261.8 263.4 1.6 1.3 2.6 222.7 417
BA19-182 382.4 382.9 0.5 0.4 2.3 142.0 318
BA19-185 200.0 200.6 0.6 0.5 3.5 34.0 297
BA19-186 498.5 499.0 0.5 0.4 0.9 97.0 162
BA19-189 274.5 275.8 1.3 1.0 1.8 427.0 565
BA19-192 172.3 174.7 2.5 2.0 23.2 623.5 2,366
Includes 172.3 172.8 0.5 0.4 102.0 2,540.0 10,190
BA19-193 397.6 403.3 5.6 4.5 2.4 234.3 413
Includes 397.6 398.1 0.5 0.4 11.6 1,350.0 2,224

Note: all numbers are rounded. Based on a cutoff grade of 150 gpt AgEq with no minimum width.
*AgEq based on 75 (Ag):1 (Au) calculated using long-term silver and gold prices of US$17 per ounce silver and US$1,225 per ounce gold, with average metallurgical recoveries of 90% silver and 95% gold.

The following 5 tables shows infill drill results of the Babicanora, Babi FW, Babi HW, Babi Sur, Babi Vista and Babi Norte Vein on the Las Chispas Property: February 14, 2019

Babicanora Vein In-Fill Drill Intercepts:

Hole No. From
(m)
To
(m)
Drilled
Intercept
(m)**
Au
gpt
Ag
gpt
AgEq*
gpt
BA18-123 260.8 264.6 3.9 12.58 325.7 1,269
incl. 262.5 263.1 0.6 81.80 540.0 6,675
BA18-124 240.6 241.4 0.8 1.38 151.0 254
BA18-125 207.2 208.7 1.5 1.81 33.7 170
BA18-126 428.0 429.5 1.5 11.29 1,037.3 1,885
incl. 428.0 428.5 0.5 30.70 2,760.0 5,062
BA18-128 334.2 337.4 3.2 3.33 356.9 607
incl. 334.2 335.8 1.7 5.10 950.9 959
BA18-131 277.5 284.0 6.5 9.99 836.7 1,586
incl. 280.3 281.7 1.4 35.70 2,670.0 5,347
BA18-132 205.7 210.8 5.1 11.47 1,313.8 2,174
incl. 207.2 208.9 1.7 14.96 1,665.8 2,788
incl. 210.3 210.8 0.5 36.90 4,100.0 6,867
BA18-133 227.8 229.2 1.4 64.25 11,020.0 15,839
incl. 228.3 229.2 0.9 96.30 16,720.5 23,943
BA18-134 179.8 181.4 1.6 0.06 174.9 179
BA19-139 262.5 264.2 1.7 0.05 296.0 300
BA19-142 431.4 432.9 1.5 15.57 1,526.3 2,694
incl. 431.9 432.4 0.5 31.30 3,100.0 5,448

Babi FW Vein In-Fill Drill Intercepts:

Hole No. From
(m)
To
(m)
Drilled
Intercept
(m)**
Au
gpt
Ag
gpt
AgEq*
gpt
BA18-122 224.8 225.4 0.7 17.60 2,110.0 3,430
BA18-128 342.7 343.7 1.0 5.13 542.7 927
incl. 343.2 343.7 0.5 9.57 997.0 1,714
BA18-134 192.5 194.5 2.0 1.18 149.4 238
BA19-142 435.6 436.1 0.5 2.55 268.0 459

Babi HW Vein In-Fill Drill Intercepts:

Hole No. From
(m)
To
(m)
Drilled
Intercept
(m)**
Au
gpt
Ag
gpt
AgEq*
gpt
BA18-123 240.4 244.0 3.6 0.05 328.3 332
BA18-124 237.8 238.4 0.6 0.66 113.0 163
BA18-130 146.9 147.4 0.5 5.73 195.0 625
BA18-134 156.0 156.5 0.5 1.47 199.0 309
BA19-142 423.3 424.6 1.3 2.18 268.4 432

Babi Norte Vein Expansion Drill Intercepts:

Hole No. From
(m)
To
(m)
Drilled
Intercept
(m)**
Au
gpt
Ag
gpt
AgEq*
gpt
BAN18-43 119.4 120.4 1.0 2.79 295.0 504
BAN18-50 366.0 367.8 1.8 2.10 1.7 159
BAN18-51 58.5 59.0 0.5 0.81 93.3 154
BAN18-53 269.9 271.0 1.1 2.72 176.0 380
BAN18-54 161.4 161.9 0.5 5.57 31.8 450
BAN18-56 150.3 151.0 0.7 4.66 409.0 759

Babi Vista Vein Drill Intercepts:

Hole No. From
(m)
To
(m)
Drilled
Intercept
(m)**
Au
gpt
Ag
gpt
AgEq*
gpt
BAN18-14 279.6 280.1 0.5 3.96 295.0 592
BAN18-30 246.7 247.2 0.5 1.01 246.0 322
BAN18-33 109.3 110.0 0.7 1.06 1,245.0 1,325
BAN18-53 269.9 271.0 1.1 2.72 176.0 380
UBN18-03*** 163.1 163.7 0.6 3.26 530.0 775

Note: all numbers are rounded. Based on a cutoff grade of 150 gpt AgEq with 0.5 metre minimum width. Babi FW Vein intercept in hole BA18-122 was noted as part of Babicanora Vein. Babi Vista Vein intercepts BAN18-14, 30, 33 and UBN18-03 were previously reported in various news releases as unknown veins.
*AgEq based on 75 (Ag):1 (Au) calculated using long-term silver and gold prices of US$18.50 per ounce silver and US$1,225 per ounce gold, with average metallurgical recoveries of 86.6% silver and 98.9% gold.
**True width is 80 to 100% of drilled width.
***UB signifies an underground drill hole.

The following table shows drill results and discovery of the Babi Sur Vein on the Las Chispas Property: February 14, 2019

Babi Sur Vein Significant Drill Intercepts;

Hole No. From
(m)
To
(m)
Drilled
Intercept
(m)**
Au
gpt
Ag
gpt
AgEq*
gpt
BAS18-06A 171.1 171.7 0.6 4.29 151.0 473
BAS18-07 147.6 149.9 2.2 4.63 208.8 556
Incl. 149.0 149.9 0.9 8.44 376.0 1,009
BAS18-09 139.4 140.1 0.6 5.47 123.0 533
BAS18-10 98.6 99.8 1.3 6.56 3.5 496
BAS18-11 76.3 78.0 1.8 2.01 4.2 155
BAS18-14 158.6 159.6 1.1 2.30 165.5 338
BAS18-16 183.5 184.7 1.2 1.14 94.2 180
BAS18-19 234.5 235.5 1.0 3.29 286.2 533
Incl. 234.5 235.0 0.5 6.51 571.0 1,059
BAS18-23 206.8 207.5 0.7 1.52 128.0 242
BAS18-24 77.6 78.2 0.6 1.76 117.0 249
BAS18-26 227.0 228.1 1.1 1.53 117.0 232
BAS18-27 124.4 125.4 1.0 9.33 66.1 766
BAS18-29 193.0 194.0 1.0 1.04 80.2 158
BAS18-31 230.6 232.8 2.2 18.78 2,147.3 3,556
Incl. 231.7 232.8 1.1 33.85 3,905.0 6,444
BAS19-33 148.6 150.0 1.4 5.01 197.0 573
Incl. 148.6 149.3 0.7 6.86 301.0 816
BAS19-37 111.0 112.6 1.6 2.66 15.8 215
BAS19-39 248.0 250.1 2.1 2.73 204.3 409
Incl. 248.7 249.4 0.7 4.24 327.0 645

Note: all numbers are rounded. Hole BAS18-06 was extended to depth and renamed 06A.
* AgEq based on 75 (Ag):1 (Au) calculated using long-term silver and gold prices of US$18.50 per ounce silver and US$1,225 per ounce gold, with average metallurgical recoveries of 86.6% silver and 98.9% gold.
**True widths are 80 to 100% of drilled widths.

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