PCM Silver Gold Project

PCM Location Map Regional

Mojave Co., Arizona – Option to Purchase 100%

PGM Silver Gold Project (PDF)

The PCM Project is located 24 miles to the northeast of Kingman Arizona south of route 66. 21 unpatented claims cover the area that lies on strike to the north-northwest of the historic Hackberry Mine, a high grade, underground silver mine.  Chip and grab sampling of outcropping veins and small prospect pits returned results of up to 12.53 g/t Au and 933 g/t Ag, (complete results report below).

The PCM Project initial payments being US$ 15,000 cash and 50,000 CFM shares, and total payments over 4 years to purchase 100% of the claims totals US$ 1.5M and 200,000 shares, and is subject to a retained 2% NSR on gold and silver, that can be purchased for US$ 1,000,000 per each 1% NSR.

Surface rock chip and grab sampling 4 to 6.5 km north, along strike of the Hackberry Mine, on the PCM claims, returned excellent high grade gold and silver results along this untested portion of the vein system.  Surface samples consisted of outcropping vein or were selected from small prospect pits.  12 samples returned values ranging from 0.01 to 12.53 g/t Au and 0.15 to 933 g/t Ag.  8 of the 12 samples ran > 2 g/t Au and 10 of the 16 ran > 90 g/t Ag. 7 of the higher Ag samples ran from 369 g/t Ag (10.8 oz/t) to 933 g/t (27.2 oz/t).  This sampling was not comprehensive in nature but gives the tenor of mineralization found on the project. 

Geological Summary

The PCM claims lie on strike to the north-northwest of the historic Hackberry Mine, a high grade, underground silver mine. 

The Hackberry Mine produced from quartz veins in granitic gneiss, typically 1.2 to 1.5m wide. Early production was from oxidized, near surface enriched ore that averaged 200 oz/ton Ag, and production in the late 1880’s totaled US$ 3,000,000 in 1884 dollars.  Later production averaged 150 to 180 opt Ag during the early 1900’s (total recorded production of $4,000,000 in 1917 dollars). At the 600 foot level of the principle decline (300 feet below surface), the main vein breccia zone of the Hackberry lode was 5 to 21 m wide assaying from 25 to 100 oz/ton Ag. (source: “HACKBERRY SILVER PROPERTY MOHAVE COUNTY, ARIZONA, USA NI 43-101 TECHNICAL REPORT, March 28, 2017)

Significant results

Surface rock chip and grab sampling 4 to 6 km north, along strike of the Hackberry Mine, on the PCM claims, returned excellent high grade gold and silver results along this untested portion of the vein system.  Surface rock chip samples were collected from outcropping vein or were selected from small dumps and prospect pits.  12 samples returned values ranging from 0.01 to 12.53 g/t Au and 0.15 to 933 g/t Ag.  8 of the 12 samples ran > 2 g/t Au and 10 of the 12 ran > 90 g/t Ag. 7 of the higher Ag samples ran from 369 g/t Ag (10.8 oz/t) to 933 g/t (27.2 oz/t).  This sampling was not comprehensive in nature but gives the tenor of mineralization found on the project. (source: current project vendor).

Planed Work Program

The Company plans to conduct further sampling, trenching and geological mapping for the purpose of target evaluation in the coming months. Drilling or Joint Venture will follow completion of surface evaluation.

Michael Collins, P.Geo. and V.P. Exploration and Development for Confederation Minerals is the qualified person for Confederation Minerals and has reviewed and approved this project description.  Drill results, sample and technical data are not National Instrument 43-101 compliant and historic in nature. The results have not been verified by the Company and are provided for context only and should not be relied upon for any evaluation of the properties or project or for any investment decision.