LOGJAM PROPERTY

• CMC 100% owns the Logjam property (32 claims, 662 hectares), located in south-central Yukon. The property is comprised of a high-grade polymetallic deposit in no less than 10 veins containing gold, silver, lead, zinc, and to a lesser extent bismuth, copper, antimony and tungsten. The mineralization is thought to be associated with the Logtung intrusive stock that is host to one of the largest undeveloped tungsten-molybdenum porphyry deposits in the world on a neighboring property. However, this suggests that the mineralizing system is potentially world scale in size and merits considerable exploration to determine the potential for a significant deposit at Logjam.

Recent sampling provided a best grab sample of 7.5 g/t and 3.7 g/t gold with silver values over 1,000 g/t and over 10% zinc from the #5 and #6 veins.

The property has been subjected to historical exploration most of which was conducted in the 1980’s and resulted in:

• • Development of an access road to site;
  • An historical non 43-101 compliant reserve of 70,144 tons grading 3.02 g/t gold and 392.2 g/t silver estimated in 1979.
  • Significant portal development comprising of two adits (at the 5150 and 5600 levels) with 701 meters of underground development from which it is recommended that the 5150 portal be used to conduct further exploration drilling; and,
  • 2,971 meters of drilling.

In 2020 CMC is planning to rehabilitate the access road, conduct an evaluation of the 5150-level portal to plan for underground drilling in 2021 and beyond, conduct more detailed prospecting and geological mapping of the property, rehabilitate the camp and conduct progressive reclamation activities. Logjam remains underexplored and has considerable upside exploration potential.

Logjam Property, Yukon

Logjam is a 100% owned property of the Company located in south-central Yukon, approximately 250 km from Whitehorse and 185 km west of Watson Lake. The property is accessible through a road extending 20 km northwards from the Yukon-Alaska Highway and comprises of 32 claims (632 hectares). Mineralization at Logjam comprises of no less than 10 polymetallic veins containing gold, silver, lead, zinc, copper and to a lesser extent antimony, bismuth and tungsten. Logjam has seen a lot of historical work completed on the project including 701 meters of underground development in two adits (5600 and 5150 levels) and 2,971 meters of drilling. Limited exploration has taken place since the mid 1980’s but it is considered that the property has exploration potential to host a polymetallic deposit. In 2020, the Company completed a brief reconnaissance and sampling effort of rusty altered outcrops along the trail route extending from Largo Resources’ Northern Dancer claims through a cross section of the stratigraphy in the southern part of the Property. This was to follow up on historical results identifying the possible existence of goldsilver-lead-zinc and copper mineralization in that area. At time of