CMC Metals Ltd. Identifies Significant Exploration Potential on Its Silverknife Property in the Emerging Rancheria Silver District, Northern B.C. - Seite 3

2. Central Zone: Interest in this zone stems from (see Figure 3):

• A large and strong EM conductivity anomaly that is oriented northeastwards and extends across the entire property from the western boundary to the eastern boundary
• Significant and areally large silver, lead and zinc geochemical anomalies within incised valleys that to date have no identified source. Potential sources include possible mineralization upslope from the Tapioca sediments (primarily limestones and sandstones) or sources at depth (potentially the Kechika/Atan Group sediments which are known to be mineralized elsewhere in the belt)
• possible large NW oriented fault structures that are now represented by incised creeks which could be conduits for mineralization
• These anomalies also demonstrated a possible zonational pattern which would be consistent with CRD mineralization
• Proximity to the Cassiar intrusive - a potential heat source to enhance the movement of mineralizing fluids into the local sediments

Work in this area proposed will include detailed geological and structural mapping, and wherever possible IP, VLF and CSMAT geophysical surveys. The area is topographically challenging in the upper parts of the geochemical anomalous areas.

3. Silverknife South: Interest in this zone stems from (see Figure 4):

• Complex fault structures with multiple orientations cutting through McDame and Tapioca Group sediments present possible conduits for mineralization
• Identified outcrops of McDame limestone
• Hydrothermal and iron oxide alteration zones
• Large dyke complex
• Immediately north of Coeur's

This is one of the least known areas of the property to date. It requires detailed geological/structural mapping, geochemical sampling and possible IP, VLF and CSMAT geophysical surveys to pinpoint drill targets.

4. Silverknife Prospect: Interest in this zone stems from (see Figure 5):

• Identified high grade silver-lead-zinc drill intersections in historical drilling
• Evidence of faulting presenting possible conduits for mineralization, with recently defined fault structures from the 2023 drilling campaign
• Known targets yet to be drilled as the 2023 drill program was limited to approximately 1,400 meters of drilling which is a small program
• Geochemical anomalies
• A conductivity anomaly identified from the airborne survey
• Proximity to the Cassiar intrusive - a potential heat source to enhance the movement of mineralizing fluids into the local sediments
• Drill modelling showing that further potential for expansion of a historical resource remains open along strike and at depth

Despite minimal success in the 2023 drilling in this area, only a small area of the Silverknife Prospect was covered and opportunities remain to expand non 43-101 compliant historical resources in this area. Further proposed work includes possible IP, VLF and CSMAT geophysical surveys to pinpoint drill targets.