M3 Metals Identifies Significant High-Grade and Widespread GOLD Values at Mohave
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Vancouver, BC Canada V6E 2K3
T: 604-669-2279 / F: 604-602-1606
May 6, 2020
M3 METALS IDENTIFIES SIGNIFICANT HIGH-GRADE AND WIDESPREAD GOLD VALUES AT MOHAVE
M3 Metals Corp. (TSX-V: MT; FSE: XOVN.F) (“M3 Metals” or the “Company”) is pleased to report that its
initial sampling program at the Mohave Mine Gold Pr oject (“Mohave” or the “Property”) has identified
high-grade gold values over an area of approximatel y 10 square kilometres (see Figure 3 below). Gold
mineralization has been identified in numerous area s and is associated with quartz-calcite veins and
breccia and quartz and/or calcite sheeted veins, an d stockworking. Samples ranged up to 78 gpt (grams
per tonne) gold over 1.5 metres from surface chip s ampling (See Figure 3 and Table 1 below). Results
grading above 3 gpt are outlined in the Table 1. be low, the full list of results is available on the M ohave
Project page on M3 Metals website at https://www.m3metalscorp.com/projects/gold-project/mohave-
gold-mine-project .
Appreciable gold values were detected in almost eve ry zone sampled during this initial program which
may collectively be a part of a large and robust low-sulfidation, epithermal system. The current geological
model at the Mohave project indicates that the epit hermal gold system was emplaced into an evolving
volcanic/intrusive complex within a north-trending corridor undergoing extreme extension. Evidence of
ore-fluid boiling is widely observed and locally well-developed lattice texture (bladed calcite) is present.
Images from the program including mineralization style and textures are available on the Mohave project
page on M3 Metals website https://m3metalscorp.com/projects/gold-project/mohave-gold-
mineproject/initiail-sampling-program-photos .
Three styles of mineralization were observed during this initial program:
Compact intra-mineral tectonic breccia developed along low-angle faults;
Low-angle quartz-chalcedony-calcite veins and brecc ia (banding and lattice texture are
widespread) developed in extensional zones; and
Quartz-chalcedony sheeted veins and stockwork (mostly in porphyritic dacite flows) surrounding
the above structural lenses or ‘damage zones’.
When all three mineral styles are observed together, the overall mineralized package may attain
in excess of 50 meters in width.
M3 Metals is currently planning a follow up program that will continue to prioritize drilling targets by
focusing on areas with the greatest volume potential and will better define the full extent of mineralized
zones. This will include efforts to identify new undiscovered zones that may exist below the surface. Field
observations and consideration of historic drill data support extensions of surface mineralization to depth
or gold zones blind to the surface.
Robert Johansing, Economic Geologist, M.Sc., Q.P., comments “Mineralization and tectonism at the
Mohave Project likely overlapped and occurred in mu ltiple stages, creating numerous environments for
gold deposition. At many of the sites only a portion of the mineralized package were sampled and require
additional sampling to determine their full extent. The results presented below [see Table 1] should allow
Phase 2 sampling to focus on areas that contain sig nificant gold values within broadly mineralized,
unsampled packages and in areas where the geologic environment is suggestive of significant tonnages”.
Adrian Smith, President of M3 Metals comments “The initial results from the Mohave are significant and
show that there are many horizons present containing abundant oxide gold mineralization that have not
been properly documented. We see a clear path forwa rd through continued exploration to defining a
significant resource and through to production”.
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Vancouver, BC Canada V6E 2K3
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Figure 1. Sub-horizontal vein breccia composed of massive chalcedony vein and veined, silicified fragments
cemented by banded, quartz-calcite veins and veinlets. Sample Nos. 0016 & 0017 – 3.0m @ 5.12 gpt Au.
Figure 2. Several meters of strong calcite > quartz sheeted veinlets; Sample No. 0166 (lower center of
photo) contained 1.5 meters @ 4.85 ppm Au; north side of Epidote Zone.
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Vancouver, BC Canada V6E 2K3
T: 604-669-2279 / F: 604-602-1606
Figure 3: Location Map of Rock Chip and Grab Samples from M3 Metals Initial Sampling Program
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Vancouver, BC Canada V6E 2K3
T: 604-669-2279 / F: 604-602-1606
Table 1. Rock Chip and Grab Samples from M3 Metals Initial Sampling Program (>3gpt gold)
May 2020 Samples UTM WGS 84 Z11
Sample
Number Area
Sample
Type Easting Northing
Sample
Width
(meters)
Gold
Au (gpt)
Silver
Ag (gpt)
0003 N. Klondyke Grab 723323 3934174 grab 3.23 7.1
0006 Klondyke Chip 723346 3934160 1.5 78.1 115
0007 Klondyke Chip 723347 3934159 1.5 5.43 28.1
0009 Klondyke Chip 723390 3934185 1.0 5.28 1.5
0012 N. Klondyke Chip 723431 3934353 2.0 3.84 20.7
0014 Klondyke Chip 723529 3934124 3.0 5.06 1.7
0016 Klondyke Chip 723346 3934143 1.5 5.39 11.9
0017 Klondyke Chip 723346 3934143 1.5 4.85 8.6
0018 S. Klondyke Chip 723619 3933721 2.0 8.56 5.2
0020 Jim & Jerry Chip 723707 3935120 2.0 10.55 37.5
0021 Jim & Jerry Float 723723 3935115 grab 21.2 76.4
0023 Jim & Jerry Chip 723729 3935120 1.5 12.85 19.4
0029 Scout Chip 723315 3935180 2.0 3.82 3.9
0030 Scout Chip 723314 3935177 2.0 3.8 4.7
0031 Scout Chip 723344 3935168 2.0 3.83 3.4
0032 Scout Chip 723342 3935164 1.2 3.85 8.4
0042 S. Scout Chip 723256 3934838 1.1 3.78 15.5
0048 Jim & Jerry Chip 723711 3935102 grab 13.2 35.4
0054 Jim & Jerry Chip 723757 3935211 1.6 5.87 5
0055 Golden Ram Chip 723710 3935566 0.9 6.06 8.9
0062 Golden Ram Float 723644 3935552 grab 3.34 1.8
0063 Golden Ram Grab 723607 3935590 grab 8.33 4
0065 Golden Ram Grab 723582 3935572 grab 4.42 2.8
0068 West Jim & Jerry Chip 723524 3935364 1.5 3.26 8.5
0069 West Jim & Jerry Chip 723524 3935362 2.0 5.16 13
0079 Scout Chip 723308 3935205 1.0 6.73 5.8
0080 Scout Chip 723281 3935236 0.8 3.26 2.2
0084 Orphan Grab 723142 3935133 grab 3.98 3.7
0085 Orphan Chip 723141 3935138 1.6 6.66 3.4
0086 Orphan Chip 723156 3935142 1.0 8.5 5.7
0087 Orphan Chip 723152 3935144 1.1 14.2 56.8
0090 Lower Scout Chip 723240 3935156 2.0 4.58 31.2
0092 Golden Door Chip 722944 3935241 2.0 13.1 17.6
0094 Golden Door Chip 722935 3935189 1.5 18.3 40.8
0097 Golden Door Chip 722845 3935240 1.3 3.68 3.4
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Vancouver, BC Canada V6E 2K3
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0101 Dixie Mine Chip 723314 3932405 0.5 9.22 4.8
0112 Dixie Queen Grab 724243 3932409 grab 6.91 48.7
0113 Dixie Queen Chip 724260 3932441 0.2 4.92 58.4
0116 Middle Dixie Float 723771 3932385 grab 4.27 1.6
0119 Dixie Queen Chip 724118 3932521 0.5 3.42 57.5
0120 Dixie Queen Grab 724119 3932520 grab 7.54 31.9
0126 Middle Dixie Chip 723852 3932581 1 3.27 57.8
0129 Jamie Chip 724748 3933184 0.8 5.07 0.8
0131 Jamie Grab 724743 3933184 grab 20.3 14.6
0134 Jamie Chip 724711 3933074 0.5 10.05 1.1
0135 Jamie Chip 724702 3933122 1.3 8.98 2.3
0136 Jamie Grab 724687 3933133 grab 20.5 8.8
0137 Ringbolt Chip 723529 3932791 0.7 8.17 2.8
0144 Klondyke Mine Chip 723308 3933876 1 8.08 8.4
0145 Klondyke Mine Chip 723253 3933904 1 4.4 6.8
0158 N. Apex Grab 723358 3934378 grab 8.74 16.8
0159 N. Apex Chip 723375 3934353 0.6 14.35 24.3
0166 Epidote Chip 723898 3934822 1.5 4.85 1.6
0169 Epidote Chip 723953 3934911 0.9 3.65 2.3
0179 Red Gap (lower) Grab 722323 3935251 grab 4 20.8
0183 Red Gap (upper) Chip 722431 3935379 1.2 6.04 27.6
0185 Red Gap (upper) Chip 722486 3935384 1.6 8.91 22.3
0192 Cottonwood Rd. Chip 724157 3931474 0.5 6.26 2
0193 Cottonwood Rd. Grab 724074 3931541 grab 4.97 10.3
0194 Cottonwood Rd. Chip 724087 3931557 2.5 4.75 8.9
0195 Cottonwood Rd. Grab 724123 3931501 grab 34.1 57.4
Note: Chip sample widths were measured approximately perpendicular to strike of veining and represent approximate true widths, or, represent
a portion of approximate true widths from wider zones that either constitute multiple samples or wider zones that could not be completely sampled
due to exposure or physical limitations or scope of program. Also, the samples labelled as “grab” are selected samples and are not necessarily
indicative of the mineralization hosted on the property. The Company plans to better determine the full width and extent of the mineralized zones
in additional work programs.
The analytical results from the sampling program ar e summarized (gold-silver) below. A few general
observations are presented and relate to the overall project area:
Table 1 (above) presents the samples containing in excess of 3 gpt Au (n= 61 or 32%).
Gold values for Phase 1 (192 samples) averaged 3.27 gpt Au and ranged between 5 ppb (Low Limit
of Detection) and 78.1 gpt Au;
Silver values averaged 7.88 gpt with a maximum value of 115 gpt Ag;
the Gold – Silver ratio (Ag:Au) is 2.4;
Cu-Pb-Zn values are consistently low with an average combined value of 72.7 ppm; and
Arsenic values average 8.4 ppm and most Sb values as less than 2 ppm.
Suite 2310 – 1177 West Hastings St
Vancouver, BC Canada V6E 2K3
T: 604-669-2279 / F: 604-602-1606
Aside from gold, other metal enrichment in the various vein styles is limited making the oxide, gold-r ich
material exceptionally clean.
M3 Metals continues to move forward with its Plan o f Operation submitted to the Bureau of Land
Management (“BLM”) outlining the planned drilling p rogram and corresponding Environmental
Assessment work required to get permits for the disturbance of approximately 1,000 Acres. Field work is
ongoing.
Quality Assurance / Quality Control (QAQC)
Robert Johansing, Economic Geologist, M.Sc., Q.P., has been responsible for all phases of sample
collection, labelling, bagging and transport from t he project to Reno, where the samples were analyzed
by ALS labs of Reno, Nevada Samples were then dried, crushed and split, and pulp samples were prepared
for analysis. Gold was determined by fire assay with an atomic absorption spectroscopy (AAS) finish, over
limit samples were determined by fire assay and gra vimetric finish. Silver plus 34 other elements were
determined by Aqua Regia ICP-AES, over limit samples were determined by ore grade Aquia Regia ICP-AES
finish. Standard sample chain of custody procedures were employed during field work until delivery to
the analytical facility.
Quality control of the sampling program includes insertion of reference standards and blanks. All sampling
was done with a rock hammer and approximately 2 kg of broken, sized (<3cm) material was collected at
each site. The results from the blanks and standard s do not suggest any issues in the sample prep and
analytical procedures.
Disclaimer
Robert Johansing, Economic Geologist, M.Sc., is a Qualified Person as defined by National Instrument 43-
101 for the above-mentioned project. The QP is a Qualified Professional in goo d standing of Mining and
Metallurgical Society of America (MMSA). Mr. Johans ing has reviewed and approved the technical
information disclosed above.
ABOUT M3 METALS CORP.
M3 Metals Corp. is a Canadian listed Company, focused on creating shareholder value through discoveries
and strategic development of mineral properties in North America. For additional information please visit
the Company’s website at www.m3metalscorp.com . You may also email [email protected] or call
investor relations at (604) 669-2279.
M3 METALS CORP.
“Adrian Smith”
Adrian Smith
President
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