Earthwise Minerals Samples up to 13.4 g/t Gold, 27.2 g/t Silver, and 2.7% Lead During Summer Field Program

Executive Summary

• Earthwise Minerals reports high‑grade surface grab samples from the Iron Range Project, including up to 13.4 g/t Au and 27.2 g/t Ag in the Pyromorphite Zone.
• Soil and heavy‑mineral concentrate work across four zones (Pyromorphite, DIP, Star West, Golden Cap) yields several notable gold‑in‑soil anomalies (e.g., 180 ppb Au over 50 m at DIP; 440 ppb Au at Star West).
• The company outlines the cash and share payment schedule required to earn a 70% then up to an 80% interest in the 20,021 ha Iron Range Project under its option agreement with Eagle Plains.

Key Details

• Pyromorphite Zone – Grab Sample KBBIRR004: 13.4 g/t Au, 27.2 g/t Ag, >10,000 ppm As, 2.7 % Pb.
• Historical High‑Grade Rocks (re‑tested): SK10‑207 – 27.0 g/t Au; MK10‑170 – 54.7 g/t Au.
• Composite Sample TYIRD001 (weathered soil/rock chips): 2.3 g/t Au.
• Float Samples: KBBIRR006 – 0.6 g/t Au; R007 – 0.2 g/t Au, with anomalous Ag, As, Cu, Pb, Zn.
• DIP Zone Soil Line IRL204: Au anomalies of 28.2, 59.8, and 180 ppb over a 50 m trend; co‑incident Zn and As anomalies.
• Star West Zone Soil Sample IRL196: 440 ppb Au (fourth highest on the property).
• Gold‑in‑soil at DIP: High Au samples located ~200 m down‑slope of historic heavy mineral sample MMIRH001 containing pristine gold grains.
• Golden Cap & Additional Zones: No significant geochemical anomalies detected in soils or heavy‑mineral concentrates.
• Analytical Labs: ALS Laboratories (North Vancouver) – ME‑MS41, Au‑ST43, Au‑AROR43 packages; Overburden Drill Management Ltd. performed concentrate work.
• Option Agreement – Phase 1: CA$250,000 cash + 1,500,000 common shares to Eagle Plains + CA$4 M exploration spend (including $200k in 2025) for a 70% interest.
• Option Agreement – Phase 2: Additional CDN$1 M cash and completion of a bankable feasibility study to increase to an 80% interest before the eighth anniversary of the option.
• Royalty Terms: If exercised, Eagle Plains receives a 2 % smelter‑return royalty; 1 % may be repurchased for CA$1.5 M.
• Operator & JV Structure: Eagle Plains remains operator; post‑exercise joint venture will be 70/30 (or 80/20) Earthwise/Eagle Plains.

Notable Quotes

“The recent surface sampling results reinforce the structural control model for gold‑silver mineralization across the Iron Range Project and provide a strong foundation for advancing our option to earn an up‑to‑80 % interest.” – Mark Luchinski, CEO & Director, Earthwise Minerals.