Millennial Precious Metals Corp. provided results from a recently completed regional mapping and sampling program at its Wildcat project located in Nevada, USA. The program consisted of detailed mapping and surface sampling across the entire 17,612-acre land package and was designed to identify new areas of mineralization in proximity to the existing resource pit (located at the Main Hill) and planned infrastructure.

The program was highly successful in identifying several new mineralized vent systems and significantly expanding the mineralized footprint at Wildcat to 3.0km x 2.0km. Two significant new targets have been identified outside the primary resource area at the Main Hill: Crossroads Target: mineralized footprint is estimated at 1,300m x 600m; characterized by disseminated mineralization within silicified tuff breccia (identical to the Main Hill). Located 1.5km northwest of the Main Hill; 64% of the 70 samples returned grades >0.10 g/t oxide Au with values up to 2.44 g/t oxide Au.

Snow Squall Target: mineralized footprint is estimated at 1,500m x 1,000m; characterized by disseminated and structurally controlled mineralization within an altered andesite. Located 4.5km south of the Main Hill; mineralization is controlled along the major structures; samples were broadly collected throughout all rock types with 13% of 350 samples returning grades >0.10 g/t oxide Au with values up to 28.9 g/t oxide Au. Three additional targets were identified surrounding the Main Hill resource area, extending the mineralized footprint by 1,000m x 1,000m: Breccia Pipe Target: expected to be a phreatomagmatic breccia feeder of the tuff breccia that hosts gold mineralization at the Main Hill and Crossroads Target.

Located 1km north of the Main Hill; gold mineralization in hydrothermal breccias is preferentially hosted by permeable zones along the contact of the pipe and within more permeable breccia phases. The primary feeder is believed to be concealed by the post-mineral basalts. North Target: located directly north of the proposed Wildcat pit; characterized by silicified disseminated mineralization within a tuff breccia (analogous to the Main Hill).

Surface mapping has identified multiple hydrothermal vents within this area. Rhyolite Ridge Target: located directly east of the proposed Wildcat pit and presents an opportunity to expand the size of the pit. Soil anomalies detected grades up to 0.23 g/t oxide Au and rock chip samples returned grades up to 7.70 g/t oxide Au, indicating the presence of mineralization.

Millennial expects to drill test the new targets in 2023/2024 once the Exploration Plan of Operations (PoO) has been received from the Bureau of Land Management (BLM) 2022 drilling at Wildcat was completed under a Notice of Operation (NoO), allowing for 5-acres of surface disturbance (17,612-acre total land package). The 2022 greenfield exploration program at Wildcat consisted of surface mapping, a robust rock chip sampling program (750 samples), and detailed compilation of historic data. Available historical data was reprocessed in conjunction with the mapping program, enhancing the team's understanding of the relationship between mineralization and the surrounding geology.

At Wildcat, gold mineralization is genetically related to a mid-Miocene rhyolite dome complex developed during the extensional dominated tectonic environment of the Nevada Rift. The bulk-tonnage gold mineralization is hosted in tuff breccia that is considered to be the erosional remnant of a subaerial apron to a phreatomagmatic diatreme vent. The tuff breccia-hosted gold mineralization was fed from low-sulphidation veins in the underlying Mesozoic granodiorite basement.

Additional bulk-tonnage gold mineralization associated with tuff breccia may be present elsewhere within the district, particularly beneath a post-mineral mafic volcanic cover sequence and within the interpreted main feeder diatreme. Low-sulphidation epithermal veins beneath the tuff breccia have the potential to host high-grade gold targets. Mineralization is analogous to the Main Hill, with low grade disseminated gold within the tuff breccia.

The favorable tuff breccia horizon has not yet been drilled, primarily due to the disturbance limitations under the current exploration permit. The rock chip sampling program at Crossroads was highly successful with 64% of the field samples returning economical grades up to 2.44 g/t oxide Au. Historical soil samples in the area also returned encouraging results, with 75% of the samples returning grades >0.10 g/t oxide Au and up to 9.08 g/t oxide Au.

Crossroads has excellent potential to the east but will require additional drilling as it is covered by post-mineral basalts.