Hi-View Receives Exploration Plan and Historical Data Compilation From APEX Geoscience Ltd.
HI-VIEW RESOURCES INC.
Suite 170 - 422 Richards Street
Vancouver, B.C. V6B 2Z4
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. N EWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED ST ATES
HI-VIEW RECEIVES EXPLORATION PLAN AND HISTORICAL DATA
COMPILATION FROM APEX GEOSCIENCE LTD.
July 5th , 2023, Vancouver, British Columbia, Hi-View Resources Inc. ('Hi-View' or the ‘Company’)
(CSE: HVW) (Frankfurt: B63) announces it has received and reviewed a detailed data compilation from
APEX Geoscience Ltd. (“APEX”) detailing historical work completed on its Toodoggone district “Golden
Stranger” and “Lawyer Group” Projects that are contiguous to Benchmark Metals Inc. “Lawyers” Project
and Thesis Gold Inc. “Ranch” Project. Both Benchmark Metals and Thesis Gold have recently announced
an agreement to merge into one of the largest precious metals development and exploration companies in
the district, totaling 32,400 hectares of consolidated and contiguous land hosting multi million ounces of
gold discoveries. Hi-View’s APEX historical data compilation includes a phase 1 work recommendation to
be completed prior to the planned upcoming fully permitted drill program.
This recently announced merger of Hi-View’s neighbo ring companies has the potential to enhance
Benchmark's current 3.14 million ounces (oz) of gol d equivalent (AuEq) measured and indicated (M&I)
mineral resources and 415,000 oz AuEq inferred mine ral resources 1 at Lawyers with high-grade, near-
surface mineralization at Thesis Gold’s Ranch Project.
Figure 1. Toodoggone Claims Map of Hi-View Resources, Benchmark Metals and Thesis Gold
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Hi-View Resources has a highly prospective land pac kage of 9,139.57 hectares contiguous to both
companies land holdings with multiple high priority targets and historical drilling having been conducted
on less than 1% of the property and returning up to 11.55g/t Au over 10 meters core length at the Golden
Stranger target area 2.
Howard Milne, CEO of Hi-View, commented “ APEX Geoscience has extensive experience in the
Toodoggone District of British Columbia, and we are excited to have designed a work program based on
their recommendations. This exploration program will give us an opportunity to generate more high priority
targets prior to the planned upcoming drill program on our highly prospective project portfolio, surrounded
by Benchmark Metal’s which is now the largest undeveloped gold resource in the district.”
Summary of Historical Work:
Historical Drilling
- 29 diamond drill holes on Golden Stranger prospect during 1987 and 1988 2.
- Significant intersections:
DH87-GS008: 4.286 ppm Au over 9.4 m core length including 20.5 ppm Au and 20.92 ppm
Ag from 24.4-25.6 m
DH88-GS019: 11.54 ppm Au and 11.637 ppm Ag from 121.04-124.09 m
D88-GS025: 6.693 ppm Au over 7.6 m core length including 14.4 ppm Au and 14.54 ppm Ag
from 79.88-81.4 m and 11.314 ppm Au and 11.51 ppm Ag from 81.40-82.93 m
DH87-GS015: 1.56 ppm Au over 21.6 m core length including 4.217 ppm Au from 23.8-25.6
m and 4.11 ppm Au from 39.9-41.8 m
Historical Sampling
- 3 Minfile occurrences located on Property:
Golden Stranger - Au bearing breccia-quartz, vein-shear system- trenching, drilling
New Law – grab sample 28.7 g/t Ag, 0.029 % Cu from zone of silicification and quartz veinlets
Lawyers Pass
- Very limited on-Property sampling has been completed.
Geophysics
- Airborne magnetics survey flown at 100 m line spacing.
- Golden Stranger claims not covered.
Summary of Findings:
Golden Stranger
- Mineralization in core and on surface consistent wi th other regional mineralized trends. Limited
historical data apart from drilling.
Lawyers East (South Block)
- Strong magnetic anomalies consistent with other regional mineralized trends.
Intersecting structures offer potential for concentration of mineralization.
- Historical soils just off-Property along geophysical trends returned good Au values.
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Geology:
Golden Stranger
- Geology in the highland western edge is non favourable Sustut Sediments. Most of the work should
focus on the Hazelton Volcanics in the plateau/valley settings and would include targeting Lawyers
and Ranch style low to high sulphidation epithermal mineralization.
- For the original Golden Stranger block it is recomm ended to conduct either airborne or ground
mag/VLF electromagnetics.
- Near to the Black Lake intrusive suite to the south, the targets may also include skarn and Tertiary
Kemess type epithermal/porphyry style mineralization.
Lawyers East (South Block)
- The South Block looks to be entirely hosted within the Black Lake Intrusive suite based upon the
regional geology. The geology around this area is h ighly irregular and not quite as it has been
mapped. The geophysics does seem to also support th at. There can be remnants of Hazelton
volcanics, sediments with skarn mineralization and epithermal alteration.
- Whether the geology is remnants of Hazelton volcanics or in fact various intrusives from the Black
Lake suite there is good potential based upon the s tructures and the results nearby to date for
epithermal mineralization and potentially skarn and porphyry style mineralization.
Estimated Budget
Wildlife Management Plan
- $15,000 estimated to complete the Plan.
Surface Sampling
- Four samplers at an average rate of 25 samples per day, 1,250 total samples, 13 days of soil sampling.
- Total estimated cost of $205,500
Geophysics
- Two crews of two with average coverage of 6 line km per day, 313 line km, 26 days for survey.
Total estimated cost of $195,000
Program total with ~10 % contingency: ~$450,000
Quality Assurance and Control
The technical content of this news release has been reviewed and approved by Kristopher Raffle, P.Geo., a
qualified person as defined by National Instrument 43-101.
1Church et al., 2022. Preliminary Economic Assessmen t Lawyers Gold-Silver Project, Stikine Terrane, BC, ; Technical Report
dated December 22, 2022.
2van der Meer, L., 2022. National Instrument 43-101 Technical Report on the Golden Stranger Property, Omineca Division, British
Columbia, Canada; Technical Report dated August 30, 2022.
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New Private Placement
Hi-View is launching a new non-brokered private pla cement of up to 5,000,000 units (the " Units "), at a
price of $0.10 per Unit for gross proceeds of up to $500,000 (the " Offering "). The Units will consist of one
common share in the capital of the Company and one share purchase warrant (" Warrant "). The Warrants
are exercisable at $0.125 for a period of 12 months from the date of closing of the Offering.
The Company will also be offering up to 2,400,000 flow-through units (the ”Flow-through Units ”), at a
price of $0.125 per Flow-through Unit for gross pro ceeds of up to $300,000 (the “ Flow-through
Offering ”). The Flow-through Units will consist of one flow-through share in the capital of the Company
and one non-flow through share purchase warrant (" Warrant "). The Warrants are exercisable at a price of
$0.15 for a period of 12 months from the date of closing of the Flow-through Offering.
The Company has cancelled the previous proposed pri vate placement announced May 17, 2023 due to
market conditions and has elected to proceed with this new Offering on more favourable terms for investors.
In connection with the Offering and the Flow-through Offering, the Company will pay to qualified finders,
a 10% cash finders fee and a 10% finder’s fee payable in non-transferable share purchase warrants. Each
warrant entitles the holder thereof to purchase one share in the capital of the Company at a price of $0.15
per share for a period of 12 months from closing of the offerings.
Hi-View will use the net proceeds from the offerings for exploration on the Golden Stranger and Lawyers
Group properties, for marketing and for general corporate purposes.
About Hi-View
The principal business is the acquisition, exploration, and development of mineral resource properties. Its
objective is to locate, define and ultimately develop economic mineral deposits. Zeal Exploration is a
wholly owned subsidiary which holds the options to acquire, the Golden Stranger Property and the
Lawyers West, East, South projects located in Toodoggone region of British Columbia prospective for
gold, silver, and copper. The collective holdings cover an approximate 9,139.57 hectares. Additionally,
Hi-View holds an option on the Ket 28 Property located in south-central British Columbia in the
Greenwood District. The Ket 28 Property covers an area of 3,432 hectares.
Contact:
Hi-View Resources Inc.
Howard Milne, Chief Executive Officer
Email: [email protected]
Telephone: (604) 377-8994
Website: www.hiviewresources.com
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FORWARD LOOKING STATEMENTS:
This news release does not constitute an offer to s ell or a solicitation of an offer to sell any of th e securities in the United States.
The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended
(the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons
unless registered under the U.S. Securities Act and applicable state securities laws or an exemption f rom such registration is
available.
This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this new release,
other than statements of historical facts, that add ress events or developments that the Company expect s to occur, are forward-
looking statements. Forward-looking statements are statements that are not historical facts and are ge nerally, but not always,
identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar
expressions, or that events or conditions “will”, “ would”, “may”, “could” or “should” occur. Forward- looking statements in
this news release includes statements related to the proposed Transaction and related matters. Although the Company believes the
expectations expressed in such forward-looking stat ements are based on reasonable assumptions, such st atements are not
guarantees of future performance and actual results may differ materially from those in the forward-lo oking statements. Factors
that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued
availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such
statements are not guarantees of future performance and actual results or developments may differ materially from those projected
in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s
management on the date the statements are made. Exc ept as required by applicable securities laws, the Company undertakes no
obligation to update these forward-looking statemen ts in the event that management's beliefs, estimate s or opinions, or other
factors, should change.
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of this release.