Illinois Creek Project Exploration Update
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Our Asset Quality, High-Grade Ounces
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WPC initial sulfide resource, Feb 2024
Resource Estimation
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High-grade SILVER, LEAD, ZINC
WATERPUMP CREEK
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Thick mining widths
Open to expansion
Tonnes
Ag Pb
(g/t) (%)
2,380,000 279 9.87
Zn
AgEq ZnEq Ag AgEq
Zn
(%) (g/t) (%) (Moz) (Moz) (Mlb) (Mlb)
11.28| 980 26.4 21.4 74.9 517 591
Pb
ZnEq
(Mlb)
1,383
TSX-V: WAM
Oxide
Sulfide
Assays Pb/Zn %
> 10
10
5-10
1-5
0
50
100 m
Note: AgEq cut-off grade of 200 g/t AgEq calculation is based on estimated recoveries from preliminary metallurgical test work of
75% Ag, 70% Pb, and 84% Zn and metal prices of US$24.00/oz Ag, US$1.00/lb Pb, and US$1.30/lb Zn. See Appendix for complete notes.
The AgEqR calculation is AgEqR = (Ag g/t x 0.75) + (Pb%/100 × 1998.99) + (Zn%/100 × 3118.47).
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