Precious Metal Deposits in Amazing Jurisdictions

Millennium Silver Corp. is focused on the acquisition, exploration and development of precious metal deposits such as its Silver Peak silver-gold project in southwest Nevada and its Simon Mine silver-lead-zinc project in the Walker-Lane Trend south of Reno, Nevada.

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Silver Peak

The Silver Peak Mining Project is an advanced exploration project focused on the past-producing Nivloc and "16-to-1" silver-gold mines in the Silver Peak mining district in Nevada. The Silver Peak Property consists of 3,943 contiguous acres covering no less than fourteen (14) fault zones, of which two (2) zones have historically produced 9.8 million oz of Ag and 52.9 thousand oz of Au.

NI 43-101 Technical Report

The 2019 Silver Peak Project NI 43-101 Technical Report prepared by Sears, Barry & Associates Limited, Sudbury, Ontario, Canada, updates the Company’s 2012 NI 43-101 compliant, independent Mineral Resource Estimate (the "2012 Estimate") (see August 16, 2012, press release), providing data from nine additional drill holes including three that extended the length of the Nivloc Structure reported by Sears, Hollenbeck and Heyl in 2012, by about 60 metres, and six holes that targeted untested areas within the original 400-meter long target area over an un-mined portion of the historic Nivloc Mine.

Using the same general parameters as the 2012 Estimate (Sears et al, 2012) and a cutoff grade of 40 g/t (Ag equivalent), the updated Inferred Mineral Resource Estimate is 2,653,000 tonnes grading 96.85 g/t Ag and 0.67 g/t Au and containing approximately 8,262,000 oz of Ag and 57,000 oz of Au (the “Updated Estimate”).

Simon Mine

The Simon Mine is a former producing polymetallic mine, located in the Walker-Lane Trend south of Reno, Nevada. Shut down in the late 1960’s, this project now presents itself as an exploration and development play offering both size and grade potential for long-term mining.  Historical records of ore shipped from the 905 drift (89 rail cars) indicate average grades of 12 oz Ag, 0.04 oz Au, 9% Pb, 5.7% Zn and 3% Cu.  (These historic figures are considered relevant and demonstrate the potential of the property, but need to be verified by the Company.)