AsiaBaseMetals stakes Jervis property

Executive Summary

• AsiaBaseMetals Inc. has acquired a 100% interest in the Jervis property in British Columbia, Canada, through staking.
• The Jervis property consists of 1,000 hectares of contiguous mineral claims and is hosted within the Gambier Group rocks, which are highly prospective for volcanogenic massive sulphide (VMS) deposits similar to the nearby Britannia mine.
• The acquisition is part of a broader strategy to capitalize on market conditions by acquiring advanced projects in safe jurisdictions, with a focus on copper and gold sectors in the Americas.

Key Details

• Transaction Structure: Acquisition of 100% interest in the Jervis property via staking.
• Property Location: British Columbia, Canada; approximately 80 km northwest of Vancouver and 11 km north of Egmont village on the Sunshine Coast.
• Property Size: 1,000 hectares of contiguous mineral claims.
• Geological Context: Hosted within the Gambier Group rocks; situated along a VMS-prospective trend that also hosts the Britannia mine (55 km southeast) and the Rox Project (20 km northwest).
• Historical Exploration Data:
  • Drilling: ~1,371 metres completed in the late 1960s/early 1970s (focused on limited surface showings).
  • Significant Historical Assays:
    • 9.1-metre drill core section assaying 0.2% Cu.
    • 1-metre chip sample returning 24.9% Zn and 0.15% Cu.
    • 80-cm chip sample returning 9.98 oz/t Ag, 1.92% Cu, and 0.16% Zn.
  • Soil Sampling: Identified a strong Cu-Zn anomaly extending ~2 km northwest; samples commonly contain >800 ppm Cu and/or >1,000 ppm Zn.
• Exploration Plan: The company intends to conduct systematic VMS exploration using modern methods, as prior programs lacked stratigraphic analysis and did not effectively evaluate key historic showings.
• Management Commentary: CEO Raj Chowdhry estimates past exploration investment at $750,000–$1,000,000 (in today's dollars) and views the acquisition as substantial value. The company is also evaluating additional advanced projects in Canada, the US, Mexico, and Chile.
• Other Assets: The release notes the company also owns the Gnome project (1,996 hectares, zinc/cobalt) in northeastern BC.

Notable Quotes

• "The Jervis project area of British Columbia has seen minimal exploration despite its highly prospective geology. The company's acquisition of the Jervis project positions it as one of the few active explorers in the region..." — Raj Chowdhry, CEO
• "In my judgment, the exploration programs previously conducted and publicly disclosed on this property likely represent an investment of approximately $750,000 to $1-million in today's dollars... this acquisition offers the company substantial value and further strengthens our ability to enhance shareholder value." — Raj Chowdhry, CEO