Original News Release
Hi-View options Toodoggone projects from vendors
Mr. R. Nick Horsley reports
HI-VIEW TO ACQUIRE MULTIPLE NEW PROJECTS IN THE TOODOGGONE DISTRICT
Hi-View Resources Inc. has signed an option agreement with two arm's-length vendors to acquire multiple new projects collectively totalling 1,912.46 hectares. The ground hosts a series of historic Minfile occurrences representing porphyry copper-gold, carbonate-hosted skarn and epithermal gold-silver mineralization settings. These occurrences are spatially separate and represent distinct exploration targets, but they are genetically related through the same early Jurassic magmatic and structural framework that underpins mineralization across the Toodoggone. Together, they illustrate the range of mineralization environments expected in the district, from porphyry roots through skarns to epithermal veins higher in the system. With their inclusion in a single consolidated land package, the company controls a highly diverse set of early-stage exploration opportunities in one of British Columbia's most prospective belts.
Hi-View chief executive officer and director R. Nick Horsley stated: "We're excited to expand our presence in the Toodoggone district with this strategic acquisition, adding 1,912.46 hectares of promising exploration sites to our portfolio. These claims cover a wide range of mineralization from copper-gold porphyry systems to skarn and epithermal gold-silver prospects, all rooted in the Toodoggone's well-established geological setting. Their proximity to advanced projects held by Thesis Gold, TDG Gold and Sun Summit enhances their strategic significance, positioning Hi-View to play a pivotal role in the potential consolidation of this prolific mineral belt. As we explore these new assets, we're dedicated to maximizing the potential of our flagship Golden Stranger project."
The Black Pearl project
The Black Pearl project includes the Moose/Harmon area, where historic grab and float samples returned values of up to 100 grams per tonne gold and 68.4 g/t silver, together with multiper cent base metals. Nearby carbonate-hosted systems such as Nuskarn, McClair and BR 794 reported results including 12.8 per cent copper with 4.25 per cent zinc and 90.5 g/t Ag, 3.8 g/t Ag and 0.42 per cent Cu, and 56.4 g/t Ag, 0.13 g/t Au and greater than 1 per cent copper, lead and zinc. Epithermal-style veins and breccias are also present in this cluster, with sampling at BR showings returning assays such as 11.7 g/t Au with 73.8 g/t Ag from an approximately one-metre vein (grab), 12.2 g/t Au with 201 g/t Ag and 0.96 per cent Cu from a 20-centimetre vein (grab), and a chip sample grading 15.7 g/t Au over 0.20 metres. Together, these results demonstrate the genetic continuum in this part of the package from porphyry through skarn to epithermal settings.
Oxide Summit project
The Oxide Summit project is characterized mainly by epithermal vein systems along the Joanna-Gordonia-Falcon trend. At Joanna East, chip sampling returned 13.0 g/t Au, 13.6 g/t Ag and 0.129 per cent Cu over 0.9 m, while at Joanna West, grab samples reached 5.65 g/t Au, 15.3 g/t Ag and 0.61 per cent Cu. Gulch West yielded a select quartz vein sample of 14.91 g/t Au, 164.9 g/t Ag and 1.0 per cent Cu, and at Gordonia, chip sampling averaged 30 g/t Ag, 1.9 per cent Zn, 0.43 per cent Pb and 0.11 per cent Cu over 0.91 m, with additional results including a grab of 5.745 g/t Au and 200 g/t Ag. At Oxide Peak, sampling of quartz-carbonate breccias returned grabs of 6.85 g/t Au, 282 g/t Ag and 1.23 per cent Cu, with channel sampling including 2.0 m at 1.87 g/t Au and 55 g/t Ag. Farther south, at Falcon A1, chip sampling over 2.0 m returned 0.51 per cent Cu and 5.9 g/t Ag, while at Falcon A2, narrow quartz veins graded up to 2.72 per cent Cu, 118.2 g/t Ag and 1.05 g/t Au. These occurrences highlight a developed epithermal vein corridor comparable in style with systems at Shasta, Baker and Lawyers.
Garnet project
The Garnet project includes the Garnet porphyry occurrence, where historic work documented feldspar porphyry with disseminated bornite. A selected grab assayed 0.42 per cent Cu and 9.93 g/t Ag, while float material elsewhere reported up to 11.6 g/t Au, 39.2 g/t Ag and 0.315 per cent Cu confirming porphyry-style potential.
Ursus project
The Ursus project hosts the Ursus 4 occurrence, where historic grab samples yielded 2.11 per cent Cu and 106 g/t Ag, consistent with skarn-style copper-silver mineralization along intrusive contacts.
Agreement terms
The optionee may exercise the option by making certain cash payments to the vendors and issuing common shares in the capital of the optionee to the vendors in certain instalments, as follows.
All Hi-View shares shall be issued at a deemed price equal to the greater of: (i) 15 cents per Hi-View share; and (ii) volume-weighted average closing price of the common shares on the Canadian Securities Exchange for the 15 days prior to the date of issuance, subject to the minimum pricing requirements of the CSE.
Net smelter return
Upon exercise of the option, the optionee shall grant to the optionor a 2.5-per-cent net smelter return royalty on the property, pursuant to the royalty agreement as set out in Schedule B hereto, with an option for the optionee to repurchase 1 per cent of the NSR (that is, 1 per cent of the 2.5-per-cent NSR) at any time at a price of $1.5-million.
The optioned claims are highly complementary to the company's flagship Golden Stranger project, which is also characterized by epithermal Au-Ag mineralization. With Golden Stranger as the cornerstone and the addition of these new claims, the company now holds multiple clusters of occurrences that collectively highlight porphyry, skarn and epithermal styles within the same genetic system. While spatially distinct, these targets together reinforce the breadth of exploration opportunities captured within the consolidated land package.
Cautionary note
All technical information and assay results referenced above are historic in nature and sourced from publicly available assessment reports and government databases. The company has not yet verified these results, which may not be representative of the overall mineralization on the property. Reported grab samples are selective by nature and may not represent average grades while chip samples represent localized exposures, and reported widths may not reflect true widths. Confirmation of the reported mineralization will require future fieldwork, sampling and analytical programs carried out under industry-standard quality assurance/quality control procedures.
Qualified person's statement
The technical content of this news release has been reviewed and approved by Marilyne Lacasse, PGeo, an independent consultant for the company, a qualified person as defined by National Instrument 43-101.
About Hi-View Resources Inc.
Hi-View is a mineral exploration company targeting gold, silver and copper in the Toodoggone region of Northern British Columbia, Canada. Its 100-per-cent-owned properties span 9,749 hectares, including the Golden Stranger property (2,669 hectares) and the Lawyers East, West and South claims. Additionally, the company has optioned the Saunders and Nub properties that span 1,083.5 hectares for a total size of 10,832,5 hectares. The Golden Stranger project is fully permitted with 45 drill-ready sites. Historical drilling highlights include 10 metres at 11.55 g/t gold, and a pre-National Instrument 43-101 estimate (non-compliant) of 498,905 tonnes at 2.74 g/t gold. In 2024, sampling yielded up to 111.5 g/t gold and 2,740 g/t silver, with new mineralized zones identified 1.3 kilometres from the main showings, indicating significant exploration potential.
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