Silver Valley Metals Corp. provided strong exploration results from its Crown Point Mine target at the Ranger-Page Project, Silver Valley, Idaho. The Crown Point Target is the down plunge extension of the historic Crown Point mine, which historically mined 63,000 tons at 301 g/t silver and 10% lead. Zinc was never recovered when Crown Point was mined due to limited recovery capabilities at the time, but the Company believes there will be a component of zinc
when /if there are future discoveries at the target area, as evidenced in the surface sampling geochemistry. The Crown Point Mine and target area is one of seven high priority target areas that the Company has defined from its successful 2022 exploration campaign. Importantly, all high priority areas are located within an approximate 3-kilometre by 2-kilometre area, and each target has significant strike and depth potential. The Crown Point target is located 1,000 metres northwest from Bunker Hill, one of America's largest underground mines, and located 650 metres due east from the past producing Blackhawk Mine (owned by Silver Valley) which remains open at depth below 365 metres. The Crown Point Mine is located 1,650 metres east from the Company's top ten historical producer in the District, the Page Mine. The ground Induced Polarization and Resistivity surveys indicate a significant anomaly exists above and below the existing Crown Point stopes, with an interpreted plunge line matching the historical trend of the Crown Point Mine indicating the system is open at depth and to the west, trending toward and near the
Blackhawk Mine. The background induced polarization readings observed at the Crown Point host rocks was measured at 0-4 msec, as compared to the background observed at the Prichard formation (+20 msec) located north of the Crown Point target. The Crown Point induced polarization anomaly ranges between 6 and 20 msec. The strike and dip length of the anomaly is approximately 500 and 520 meters respectively. Additional anomalies, one situated up dip of the Crown Point Mine, and to the west of the Crown Point Mine are considered significant and make this area a high priority target for the Company. A surface geochemical program was initiated to further validate the geophysics targets. Samples were collected from the B and C soil horizons on a 30-metre spacing. At each location, a pit was dug until refusal (could not dig deeper). The B and C soil horizons were sampled separately to assess and compare geochemical results from Ranger-Page weathered bedrock and soils to results published in other Silver Valley geochemical studies. Samples were described, photographed, staked and location data collected via GPS. Results were loaded into Leapfrog Geo and displayed via a proportional grade plot to highlight high values. Results over the Crown Point anomaly reflect silver grading up to 27.1 g/t, compared to a background of less than 3.4 g/t. Lead, Zinc and Copper anomalies are as high as 1,240 ppm, 212 ppm, and 550 ppm respectively. Background levels of lead, zinc and copper in the project area are typically 10 ppm, 40 ppm, 6 ppm respectively. American Analytical Services Inc. ("AAS") is an ISO/IEC 17025 accredited laboratory, located in Osburn Idaho. All analysis includes quality control measures to ensure an acceptance standard established within AAS methods. All samples sent to AAS were checked for accuracy between the chain of custody and the samples with the client present. Samples are dried before starting the prep process. The prep process includes crushing the sample in its entirety to 80% passing a 10 mesh, split in a riffle box to make a 250g sub-sample and pulverized to 85% passing a 140 mesh. Analysis for AA-Ag is done by 2 or 4 acid digestion. Detection limit for AA-Ag is 0.100 Oz/ton - 15.0 Oz/ton. Any results over the detection limit are sent to fire assay to do Ag gravimetric finish. All samples are subjected to a 4 acid digestion. Digestion QC consists of a reagent blank, control standard and for every 20 samples there is a duplicate of a sample pulp to check RPD. To begin ICP-OES analysis, the instrument is standardized with the five working standard solutions (multi-point linear fitting). Samples are then measured with the reagent blank, control standard and a CCV (continuous calibration verification). Once samples are analyzed, all QC is checked, and results are sent to LIMS system to be made into the client's report. Timothy Mosey, BSc, MSc, SME, is the qualified person for the company and qualified person as defined by National Instrument 43-101. Mr. Mosey supervised the preparation of the technical information in this news release.