TSX-V: MFX

Peregrine Zinc Project, British Columbia

Minfocus holds a 100% interest in the Peregrine Zinc Project consisting of 4 claims (923 ha) located in southeastern British Columbia.

No work was completed in 2018-2020 on this Mississippi Valley Type (“MVT”) project. The claims remain in good standing until September 2021.

Minfocus’ initial field program in 2017 re-located historic surface trenching along a mineralized stratigraphic trend in Cambrian-Ordovician and Silurian-Devonian age carbonate horizons identified in by Cominco.  Cominco’s results included 1m chip samples taken  showings in breccia zones which returned assays over 17 m of 11.1% Zn (including an interval of 14.3% Zn over 11 m, with assays ranging from 2.90% to 25.2% Zn) and 11.7% Zn over 1.7 m.

Non-representative grab samples collected by Minfocus from the sphalerite-dominant Falcon showing assayed 13.0% to 35.9% zinc, with lead and silver values. The appearance of Zn + Pb ± Ag values, breccias, sulphides, secondary white dolomite, barite and hydrocarbons are all consistent with MVT-style mineralization.   The presence of a second style of mineralization is also suggested in the distinct galena-dominant vein-style mineralization with higher lead and silver values relative to zinc identified at the Grotto showing. 

A follow up geochemical soil survey by Minfocus identified a strong zinc anomaly coincident with the showing which extends along the favourable host horizon for over 1,500 metres, west-southwest along strike from the favourable host horizon exposed in the trench. The anomaly extends through an area where old adits and a possible shaft were located, as well as beyond to the westward limit of sampling. The highest zinc values in soils were over 3,000 parts per million (“ppm”) and were supported by a coincident lead anomaly.