CMC Files Drill Permits for Amy and Silverknife Properties, Rancheria Silver District, Northern BC

VANCOUVER, BC / ACCESSWIRE / January 18, 2022 / CMC Metals Ltd. (TSXV:CMB)(Frankfurt:ZM5P)(OTC PINKS:CMCZF) ("CMC" or the "Company") is pleased to announce that it has completed filing for exploration applications for the Amy and Silverknife projects. The permits include a wide range of proposed exploration activities on both properties including but not limited to geophysical and geochemical surveys, access road upgrading, new trail/road development, drill and clearing pad construction and drilling. The permits are filed with the Ministry of Energy, Mines and Petroleum Resources, Government of British Columbia and permit reviews for multi-year permits of this nature typically take in the range of 4-6 months to complete.

At Silverknife, in the southern part of the property, our intent is to conduct geological mapping and prospecting to determine the extent of specific prospective geological units that are known to host the Silvertip Mine owned by Coeur Mining Ltd. The results of those efforts will guide decisions on advanced exploration in that area of the Property. However, most of the proposed exploration is planned to take place in the northern part of the Property to follow up on four known geochemical anomalies in that area and possible extensions of the existing Silverknife prospect identified by the 2021 SkyTEM airborne geophysical survey. A gravity survey will be initiated as soon as spring conditions allow, and the results of that survey are then expected to guide drill site selection. The Silverknife Prospect is located directly on the western boundary of the Silvertip Mining claims and the mine and mill are located approximately 1 km east-southeast of the Prospect.

At Amy, the Company's operational plan includes a compilation of the extensive historical database that includes geochemical, geophysical, geological and drilling data that will be initiated before the end of this month. This work will also try to undertake modelling of the adit sampling and historical drill data. The site has two adits at the 4,450 and 4,200 foot levels that were constructed in the 1970's. The plan also proposes to undertake a broad range of exploration activities including but not limited to site road access upgrading, new trail/road development, geophysical and geochemical surveys, drill and clearing pad construction and drilling. The results of the data compilation as well as early results from trenching and detailed mapping will guide drill site selection.