Millennial Precious Metals Corp. provide results from the ongoing Phase 1 drill program currently being conducted at its Wildcat project located in Nevada, USA. The 2022 drill program at Wildcat consists of a minimum of ~2,000m and is primarily designed for infill drilling for mineral resource conversion, geotechnical data for pit wall design, metallurgical data (bottle roll and column test), and to test gold mineralization below the oxidation profile.

Phase 1 drilling will support the updated mineral resource and PEA expected to be released following the completion of metallurgical column testing and various mining studies. Drillhole WCCD-0003 returned an intercept of 1.26 g/t oxide Au over 39.2m from surface, including a high-grade intercept of 1.82 g/t oxide Au over 20.6m. Drillhole WCCD-0004 returned an intercept of 0.93 g/t oxide Au over 41.4m from surface, including a high-grade intercept of 2.51 g/t oxide Au over 9.2m.

WCCD-0003 and WCCD-0004 were drilled within the 2020 NI 43-101 resource pit with the objective of providing material for metallurgical testing and to confirm the historical drilling grades and continuity. Grades observed met or exceeded the existing block model and historical drilling. Mineralization in WCCD-0003 is composed primarily of fine oxidized quartz veinlets stockwork demonstrating strong grade continuity within the granodiorite body.

The oxidation profile is continuous to a depth of ~40m, consistent with historical drill data. WCCD-0003 is located within the lower topographic part of the pit and presents locally acidic alteration and silicified-breccia intersects which are excellent indicators of the existence of a larger feeder zone within the granodiorite basement. WCCD-0004 targeted the center of the main rhyolitic tuff, the primary ore lithology at Wildcat, with the oxidation profile continuous to a depth of ~42m, consistent with historical drill data.

Mineralization in WCCD-0003 and WCCD-0004 demonstrates strong grade continuity, no overburden coverage (extremely low strip ratio), and excellent rock competency for favourable pit slope angles, which are all attractive characteristics for a potential heap leach operation.