Americore Resources Announces an Agreement to Acquire the Issued and Outstanding Shares of Nevada Hills Gold LLC, Thereby Expanding the Size and Potential of the Trinity Silver Project in Nevada
Americore Resources Announces an
Agreement to Acquire the Issued and
Outstanding Shares of Nevada Hills Gold LLC,
Thereby Expanding the Size and Potential of
the Trinity Silver Project in Nevada
Vancouver, British Columbia--(Newsfile Corp. - November 24, 2025) - Americore Resources Corp.
(TSXV: AMCO) (FSE: 5GP) (OTCQB: AMCOF) ("Americore" or the "Company") is pleased to
announce that it has agreed to acquire up to 100%
of the issued and outstanding shares of
Nevada Hills
Gold LLC, the owner of the Seka claims located in the Trinity Silver District of Pershing County, Nevada.
The Seka Claims consist of 41 unpatented mineral claims encompassing approximately 840 acres and
is a strategically located land package within the broader Trinity Silver District of Pershing County,
Nevada. These claims are directly adjacent to and geologically aligned with key structures at
Americore’s flagship Trinity Silver Project.
Subject to Americore receiving positive results from an exploration program to be undertaken on the
claims, on or before June 30, 2026, Americore has the option to acquire the remaining 50% of the
issued and outstanding shares of Nevada Hills Gold LLC.
ACQUISITION TERMS
The first 50% of the issued and outstanding shares, of Nevada Hills Gold Corp LLC, can be acquired
from the selling shareholders for and in consideration of $100,000 USD and 1,500,000 Americore
shares upon TSX-V approval. Should the results of the initial exploration program be successful, the
Company can acquire the remaining 50% of Nevada Hills Gold LLC, for a payment of an additional
$100,000 USD and 1,500,000 Americore shares exercisable on or before six-months following the
effective date of the agreement. The Agreement is subject to TSX Venture Exchange approval.
With the addition of the Seka Claims, Americore now controls a significantly enhanced land position in a
historically productive silver district that previously produced approximately 5 million ounces of silver
from open-pit mining. Americore plans to include the Seka claims in the upcoming exploration program
which is proposed for the Trinity Silver project.
CEO COMMENT
"The Seka Claim Group strengthens our regional footprint at Trinity and aligns perfectly with our strategy
of unlocking the larger district-scale potential," said Jeff Poloni, CEO of Americore Resources. "Our
team believes the integration of historic datasets with modern exploration technologies positions
Americore for meaningful discovery and value creation in 2026. This acquisition enhances our exposure
to key structures and mineralized trends that have never been systematically explored with today's tools."
STRENGTHENING THE TRINITY SILVER PROJECT
The Trinity Silver Project is one of the most historically important silver assets in Nevada, with:
- Historic production of ~5 million ounces of silver
- An historic resource estimate outlining both oxide and sulphide silver mineralization
- An historic stockpile containing both oxide and high-grade sulphide material
- Regional structures and geological trends that remain vastly underexplored
The addition of the Seka Claims:
✓
Extends Americore's land position onto newly interpreted structural corridors
✓
Adds historically overlooked but highly prospective ground
✓
Increases Americore's control over a potential multi-kilometre silver-bearing system
✓
Provides new targets for near-term drilling and sampling
About the Trinity Silver Project
The Trinity Silver Project is a large, strategically located silver asset situated approximately 23 miles
northwest of Lovelock in Pershing County, Nevada-one of the most established and mining-friendly
jurisdictions in the United States. The project covers the western flank of the Trinity Range and benefits
from excellent regional infrastructure and year-round access.
The land position is substantial, consisting of 1,280 acres of fee land owned by Newmont and 18,350
acres under five separate leases, providing Americore with a commanding footprint across a proven
silver district.
Historic mining offers important context for the project's potential. From September 1987 to August
1988, U.S. Borax and Chemical, together with a joint-venture partner, operated the Trinity open-pit,
heap-leach mine. According to U.S. Borax reports, the operation mined 1,085,790 tons of silver-oxide
material at an average grade of 6.32 oz/ton Ag, yielding approximately 5 million ounces of silver.
Historic Mineral Resource Estimates
Mineralization at Trinity includes both oxide and sulphide domains. A National Instrument 43-101
technical report-"Technical Report on the Trinity Project," prepared by RESPEC and dated October 28,
2025 (filed on SEDAR under the company's profile) outlined historic mineral resource estimates as
follows:
Oxide Mineralization (2011)
Cutoff
(oz Ag/ton)
Inferred Oxide Resources
Tons
oz Ag/ton
oz Ag contained
0.30
12,019,000
0.54
6,490,000
0.40
5,506,000
0.78
4,295,000
0.50
2,863,000
1.1
3,149,000
0.65
1,901,000
1.37
2,605,000
1.00
1,019,000
1.87
1,906,000
2.00
203,000
4.08
828,000
Sulphide Mineralization (2011)
Cutoff
(oz/ton Ag equiv)
Inferred
Sulfide
Resource
Tons
oz Ag/ton
% Pb
% Zn
oz Ag
1.00
8,408,000
1.27
0.23%
0.43%
10,691,000
1.20
6,113,000
1.56
0.25%
0.43%
9,539,000
1.30
5,336,000
1.69
0.25%
0.43%
9,036,000
1.50
4,119,000
1.97
0.26%
0.42%
8,100,000
2.00
2,288,000
2.70
0.30%
0.37%
6,170,000
3.00
902,000
4.14
0.32%
0.33%
3,731,000
Historic Stockpile Estimates (1989)
Tons
Grade
oz Ag/ton
Contained Ag
oz
Oxide
397,744
0.94 to 1.40
417,022
Sulfide
30,890
9.48 to 13.70
365,747
Total
428,634
782,769
Caution Regarding Historic Estimates
These historic estimates are provided for context only. Although prepared by reputable engineering
consultants, Americore is not treating these estimates as current mineral resources. A Qualified Person
has not completed sufficient work to classify the estimates as current, and there is no assurance that
future work will confirm or upgrade these estimates.
Geological Setting
The Trinity Project sits within the Basin and Range Province on the western flank of the Trinity Range.
Basement rocks consist of Middle-Triassic to Early-Jurassic deltaic sediments of the Auld Lang Syne
Group, including phyllite, argillite, quartzite, and limestone. These units record regional deformation
related to the Nevadan Orogeny, including folding, thrusting, and low-grade metamorphism.
A Cretaceous granodiorite stock northeast of the project marks the intrusive culmination of this orogenic
event.
Above these basement rocks, extensive Tertiary volcanic sequences-including rhyolitic flows, welded
tuffs, air-fall tuffs, and epiclastic units-host much of the known mineralization. Alteration associated with
the system forms a large halo, extending over 1.6 miles from the primary mineralized area.
The property is structurally complex, with early Tertiary north- to northwest-trending faults and younger
northeast-trending normal faults that act as key controls on mineralization.
Mineralization
Silver, lead, and zinc mineralization at Trinity is closely associated with a northeast-trending normal-fault
corridor. Mineralization occurs within the hanging wall of this structure as:
Veinlets
Fracture-controlled mineralization
Disseminations within altered rhyolite
Breccia-hosted zones
Two principal mineralized domains are present:
1
.
Oxide Zone - historically mined by U.S. Borax.
2
.
Underlying Sulphide Zone - extending below the pit and to the northeast.
Sulfide minerals include pyrite, sphalerite, galena, marcasite, arsenopyrite, and silver-bearing species
such as tetrahedrite-freibergite and pyrargyrite. Minor gold and accessory minerals are reported. Lead
and zinc values offer potential by-product considerations, subject to future technical evaluation.
NEXT PHASE: MODERN, DATA-DRIVEN EXPLORATION
Americore will now advance a comprehensive, integrated exploration program including:
- Full digitization and reinterpretation of historic datasets
- AI-assisted structural and mineralization modeling
- Sampling and metallurgical testing of the historic stockpile
- Drilling to twin historic holes and confirm mineralization
- Targeting newly uncovered trends extending onto the Seka Claims
QUALIFIED PERSON
Chris M. Healey, P.Geo., Chief Geologist and Director of Americore Resources Corp., is the Qualified
Person under NI 43-101 and has reviewed and approved the technical contents of this news release.
ABOUT AMERICORE RESOURCES CORP.
Americore Resources is focused on advancing the Trinity Silver Project in Nevada, a past-producing
silver asset with significant expansion potential. Americore is led by an experienced team with a proven
track record of exploration discovery, resource development, and value creation in North American
mining jurisdictions.
CONTACT
Jeff Poloni
Chief Executive Officer
Email:
Phone: 604-454-8874
The Company is listed on the TSX Venture Exchange.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of
management regarding AMERICORE's intention to continue to identify potential transactions and
make certain corporate changes and applications. Forward-looking statements consist of statements
that are not purely historical, including any statements regarding beliefs, plans, expectations or
intentions regarding the future. Such statements are subject to risks and uncertainties that may cause
actual results, performance or developments to differ materially from those contained in the
statements. No assurance can be given that any of the events anticipated by the forward-looking
statements will occur or, if they do occur, what benefits AMERICORE will obtain from them. These
forward-looking statements reflect managements' current views and are based on certain
expectations, estimates and assumptions which may prove to be incorrect. A number of risks and
uncertainties could cause actual results to differ materially from those expressed or implied by the
forward-looking statements, including AMERICORE's inability to identify transactions having
satisfactory terms or at all and the results of exploration or review of properties that AMERICORE
does acquire. These forward-looking statements are made as of the date of this news release and
AMERICORE assumes no obligation to update these forward-looking statements, or to update the
reasons why actual results differed from those projected in the forward-looking statements, except in
accordance with applicable securities laws.
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