AI assistant
Bunker Hill Mining Corp. — Capital/Financing Update 2025
Jun 17, 2025
46962_rns_2025-06-16_49bca472-0b5b-4f22-b305-27bfd77ec449.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
SECOND AMENDMENT TO SECURED PROMISSORY
NOTE PURCHASE AGREEMENT
This Second Amendment to Secured Promissory Note Purchase Agreement (this “Agreement”) is dated as of June 5, 2025, by and among Silver Valley Metals Corp., an Idaho corporation, having its business address at 1 Mine Road, Kellogg, ID 83837, as borrower (the “Borrower” or “Silver Valley”), Bunker Hill Mining Corp., an Idaho corporation, as parent (the “Parent” or “Bunker Hill”), and Monetary Metals Bond III LLC, a Delaware limited liability company, as purchaser (together with its successors and assigns, the “Purchaser”).
WHEREAS, on August 8, 2024, the Purchaser made a loan (the “Loan”) to the Borrower in the aggregate principal amount equal to the U.S. dollar equivalent of up to 1,200,000 troy ounces of silver, pursuant to that certain Secured Promissory Note Purchase Agreement, dated as of August 8, 2024, by and among the Borrower, the Parent, and the Purchaser, as amended by that certain First Amendment to Secured Promissory Note Purchase Agreement, dated as of November 11, 2024 (as amended, restated, supplemented or otherwise modified from time to time in accordance with its provisions, the “Note Purchase Agreement”), which the Loan is evidenced by that certain Secured Promissory Note, dated as of August 8, 2024, made by the Borrower to the Purchaser (as amended, restated, supplemented or otherwise modified from time to time in accordance with its provisions, the “Note”);
WHEREAS, the Borrower has requested, and the Purchaser has agreed, to amend the Note Purchase Agreement on the terms and subject to the conditions set forth herein;
WHEREAS, pursuant to Section 9.7 of the Note Purchase Agreement, the amendments requested by the Borrower must be contained in a written agreement signed by the Borrower and the Purchaser; and
WHEREAS, the Borrower and Parent wish to confirm to the Purchaser that the Collateral continues to apply to the Obligations (as such terms are defined in the Security Agreement).
NOW THEREFORE, in consideration of the covenants and agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby conclusively acknowledged by each of the parties hereto, the parties hereto covenant and agree as follows:
- Interpretation
1.1 Capitalized terms used and not otherwise defined in this Agreement shall have the respective meanings given them in the Note Purchase Agreement, as amended hereby.
1.2 The division of this Agreement into Sections and the insertion of headings are for convenience of reference only and shall not affect the construction or interpretation of this Agreement. Unless the context otherwise requires, references herein to “Sections” are to Sections of this Agreement. The terms “this Agreement”, “hereof”, “hereunder” and similar expressions refer to this Agreement and not to any particular Section or other portion hereof and include any agreements supplemental hereto. This Agreement constitutes a Transaction Document for all purposes under the Note Purchase Agreement.
1.3 This Agreement shall be governed by and construed in accordance with the laws of the State of New York without giving effect to any conflicts of law principles that would result in the application of the laws of any other nation or state.
2. Amendments
2.1 The Note Purchase Agreement is hereby amended as follows:
(a) The definition of "Guarantee" now appearing in Section 1 of the Note Purchase Agreement is hereby amended in its entirety to read as follows:
"Guarantee" means the Guarantee, dated as of August 8, 2024, issued by the Parent for the benefit of the Purchaser, as may be amended, restated, supplemented or otherwise modified from time to time in accordance with its provisions.
(b) The definition of "Intercompany Subordination and Postponement Agreement" now appearing in Section 1 of the Note Purchase Agreement is hereby amended in its entirety to read as follows:
"Intercompany Subordination and Postponement Agreement" means the Intercompany Subordination and Postponement Agreement, dated as of August 8, 2024, between the Parent, the Borrower and the Purchaser, as may be amended, restated, supplemented or otherwise modified from time to time in accordance with its provisions.
(c) The definition of "Intercreditor Agreement" now appearing in Section 1 of the Note Purchase Agreement is hereby amended in its entirety to read as follows:
"Intercreditor Agreement" means the Intercreditor and Subordination Agreement, dated as of August 8, 2024, as amended and restated by that certain Amended and Restated Intercreditor and Subordination Agreement, dated as of June 5, 2025, by and among the Purchaser, Sprott Private Resource Streaming and Royalty (US Collector), LP, Sprott Private Resource Streaming and Royalty (Collector), LP, Teck Metals Ltd., MineWater Finance LLC, MineWater LLC, MW HH LLC, the Borrower and the Parent and all other documents, agreements, exhibits, schedules or instruments contemplated thereby or executed in connection therewith, each as may be amended, restated, supplemented or otherwise modified from time to time in accordance with its provisions.
(d) The definition of "Mortgage, Assignment of Production, Assignment of Leases and Rents, Security Agreement, Financing Statement and Fixture Filing" now appearing in Section 1 of the Note Purchase Agreement is hereby amended in its entirety to read as follows:
"Mortgage" means the Mortgage, Assignment of Production, Assignment of Leases and Rents, Security Agreement, Financing Statement and Fixture Filing, dated as of August 8, 2024, by and between the Purchaser and Borrower, as may be amended, restated, supplemented or otherwise modified from time to time in accordance with its provisions.
(e) The definition of "Permitted Debt" now appearing in Section 1 of the Note Purchase Agreement is hereby amended by adding immediately at the start of subsection (vii) therein, the following:
"(vii) obligations in respect of surety or performance bonds and/or letters of credit required to be provided to the EPA as set out in Schedule 1 of the Disclosure Letter or"
(f) The definition of "Security Agreement" now appearing in Section 1 of the Note Purchase Agreement is hereby amended in its entirety to read as follows:
"Security Agreement" means the Security Agreement dated as of August 8, 2024, made by and among the Purchaser, the Parent and the Borrower, as may be amended, restated, supplemented or otherwise modified from time to time in accordance with its provisions.
(g) The definition of "Security Documents" now appearing in Section 1 of the Note Purchase Agreement is hereby amended in its entirety to read as follows:
"Security Documents" means the (i) Share Pledge Agreement; (ii) Security Agreement; (iii) Mortgage; and (iv) Intercompany Subordination and Postponement Agreement; and in all cases, all other documents, agreements, exhibits, schedules or instruments contemplated thereby or executed in connection therewith, each as may be amended, restated, supplemented or otherwise modified from time to time in accordance with its provisions.
(h) The definition of "Share Pledge Agreement" now appearing in Section 1 of the Note Purchase Agreement is hereby amended in its entirety to read as follows:
"Share Pledge Agreement" means the Pledge Agreement, dated as of August 8, 2024, made by and between the Purchaser and the Parent, as may be amended, restated, supplemented or otherwise modified from time to time in accordance with its provisions.
(i) The definition of "Transaction Documents" now appearing in Section 1 of the Note Purchase Agreement is hereby amended in its entirety to read as follows:
"Transaction Documents" means collectively, this Agreement, the Note, the Security Documents, the Guarantee, the Intercreditor Agreement, and all other agreements, documents, certificates, and instruments executed and delivered by the Parent, the Borrower, and each Subsidiary of the Borrower that is or becomes a party to a Transaction Document as well as any third party that is a party thereto, in accordance herewith or therewith, each as may be amended, restated, supplemented or otherwise modified from time to time in accordance with its provisions.
(j) Section 1 of the Note Purchase Agreement is hereby amended by adding, as new definitions thereto in the appropriate alphabetical order, the following:
"Applicable Law" means any federal, provincial, state, local or municipal statute, law (including the common law), ordinance, rule having the force
of law, regulation, by-law (zoning or otherwise) or order of any Governmental Authority or rule of any stock exchange or securities commission, applicable to a Person or any of its properties, assets, business or operations.
“Good Practice Standards” means, in relation to mining (including all relevant disciplines pertaining thereto, such as metallurgy, processing, engineering, environmental and governance matters, relations with community and indigenous peoples and other social matters), those policies, practices, methods and acts engaged in or approved by a Person which, in the conduct of its undertaking, exercises that degree of safe and efficient practice, diligence, prudence, and foresight reasonably and ordinarily exercised and most commonly accepted by reputable, skilled and experienced operators engaged in the mining industry in the United States.
“Governmental Authority” means any government whether federal, provincial, state or municipal and any governmental agency, governmental authority, governmental tribunal, court, governmental commission (including a securities commission) of any kind whatsoever, any subdivision, agency, commission, board or authority of any of the foregoing or any quasi-governmental or private body exercising any regulatory, expropriation or taxing authority under or for the amount of any of the foregoing or any stock exchange or securities commission, having jurisdiction.
“NI 43-101” means National Instrument 43-101 – Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, or any successor instrument, rule or policy.
“Obligors” means both the Purchaser and Borrower.
“PEA” means the technical report and preliminary economic assessment for underground milling and concentration of lead, silver and zinc at the Mine dated December 29, 2021 and effective November 29, 2021, as amended and restated as of February 22, 2022 effective January 7, 2022 and as further updated and revised by Management’s 9 plus 3 model dated October 30, 2024 titled “9^M3 Forecast Consolidated Optimization incl AP catch up” and delivered to the Administrative Agent on November 15, 2024.
“Person” shall be broadly interpreted and includes an individual, body corporate, partnership, joint venture, trust, association, unincorporated organization, any Governmental Authority or any other entity recognized by law.
“Second Amendment Date” means June 5, 2025.
(k) Section 2 of the Note Purchase Agreement is hereby amended by deleting the words “(the “Note”)” from such Section and substituting in lieu thereof the words “(as may be amended, restated, supplemented or otherwise modified from time to time in accordance with its provisions, the “Note”).”
(I) Section 3.3(b) of the Note Purchase Agreement is hereby amended by deleting the words "January 31, 2025" from such Section and substituting in lieu thereof the words "June 30, 2025."
(m) Section 5.12 of the Note Purchase Agreement is hereby amended in its entirety to read:
Disclosure.
(a) The Obligors have provided the Purchaser with all material information relating to the Project and prepared by or on behalf of the current management of the Obligors and that has been made available or delivered to any other party to the Intercreditor Agreement, including forecasts, projections, mine plans, budgets and environmental audits, assessments, studies and tests, including any environmental and social impact assessment study reports, and all such information was prepared in good faith and on the basis of assumptions that the management of the Obligors believe to be reasonable at the time of preparation, subject to any material changes of which the Obligors have informed the Purchaser in writing and includes, but is not limited to, all information requested by the Purchaser in connection with its decision to purchase the Note and undertake the transactions contemplated herein, and as of the date of that certain Monetary Metals Bond III, LLC Preliminary Private Placement Memorandum, dated as of July 19, 2024 (in each case, excluding, for the purposes of this representation and warranty, any pricing information omitted in this offering document and any information derived from such pricing information), and of that certain Monetary Metals Bond III, LLC Final Private Placement Memorandum, dated on or about the week of August 6, 2024 and that certain Monetary Metals Bond III, LLC Final Private Placement Memorandum, dated on or about the week of November 4, 2024 (together with all Posted Information (as defined therein), the "MM Bond III PPM"), the MM Bond III PPM (as may be amended or supplemented as of any such time), does not and will not contain any untrue statement of a material fact and does not and will not omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
(b) None of the representations or warranties made by the Obligors herein as of the date of such representations and warranties, and the statements contained in any other information, certificates, exhibits or reports, furnished by or on behalf of the Obligors to the Purchaser in connection herewith, when taken as a whole, contain any untrue statement of a material fact or omit any material fact required to be stated therein or necessary to make the statements made therein, in the light of the circumstances under which they are made, not materially misleading.
(c) To the knowledge of the management of the Obligors, all material information relating to the Project prepared at the request of current management of the Obligors by third parties and that has been made available or delivered to the Purchaser including forecasts, projections, mine plans, budgets and environmental audits, assessments, studies and tests, including any material
environmental and social impact assessment study reports, was prepared in good faith and does not contain materially incorrect information.
(d) The Obligors do not have knowledge of any change to the facts and assumptions underlying the estimates in the PEA that would reasonably be expected to result in a material adverse change in any cost, price, reserves, resources or other relevant information in the PEA. All material information regarding the Project, including drill results, technical reports and studies, that are required to be disclosed by Applicable Laws, have been publicly disclosed by the Obligors in compliance, in all material respects, with Applicable Laws.
(e) As of the date hereof, all material information relating to the Project mineralization prepared by or on behalf of the current management of the Obligors has been made available or delivered to the Purchaser and, to the knowledge of the management of the Obligors, such information and the reports and information delivered to the Purchaser have been prepared in a manner which is consistent with Good Practice Standards, the statements, assumptions and projections contained therein are fair and reasonable as and when produced and, to the knowledge of the management of the Obligors, have been arrived at after reasonable inquiry having been made in good faith by the Persons responsible therefor. The estimated mineral resources relating to the Property as of the date hereof are as stated in the PEA. The Obligors are in compliance in all material respects with NI 43-101 in connection with the disclosure of scientific or technical information made by the Obligors concerning the Project. The Obligors have duly filed with the applicable regulatory authorities in compliance in all material respects with Applicable Laws all reports required by NI 43-101 in connection with the Project, and all such reports were prepared in accordance with the requirements of NI 43-101 in all material respects. As of the date hereof, there are no outstanding unresolved comments of the TSX Venture Exchange (the "TSX-V") or any securities regulator in the provinces of British Columbia, Alberta and Ontario in respect of the technical disclosure relating to the Project made in the documents which have been filed by or on behalf of the Obligors with the relevant securities regulators pursuant to the requirements of Applicable Laws, including all documents publicly available on the Parent's SEDAR+ profile.
(f) The Obligors are in compliance in all material respects with all timely and continuous disclosure obligations under Applicable Laws, including National Instrument 51-102 – Continuous Disclosure Obligations of the Canadian Securities Administrators, and the policies, rules and regulations of the TSX-V and, without limiting the generality of the foregoing, except as disclosed to the Purchaser, there has been no "material change", as defined in the Securities Act (Ontario) (actual, or, to the knowledge of the Obligors, proposed or prospective, whether financial or otherwise) in the business, results of operations, prospects, assets, liabilities (contingent or otherwise) or capital or financial condition of the Obligors on a consolidated basis which has not been publicly disclosed within the period required by National Instrument 51-102 – Continuous Disclosure Obligations of the Canadian Securities Administrators, and except as disclosed to the Purchaser, the Obligors have not filed any confidential material change reports which remain confidential as of the date hereof.
(n) Section 9.9(e) of the Note Purchase Agreement is hereby amended by adding, immediately after the end of subsection (b) therein, the following:
“(b) in connection with any additional tranches issued after the first tranche and on or before December 31, 2024, such number of warrants that is equal to two times the number of Ounces of Silver advanced by the Purchaser under such tranche; and”
(o) Section 9.9(e) of the Note Purchase Agreement is hereby amended by adding, immediately after the end of subsection (b) therein, the following:
“(c) in connection with any additional tranches following the Second Amendment Date, such number of warrants that the parties will agree upon prior to the issuance thereof and subject to the prior approval of the TSXV Venture Exchange.”
(p) Schedule 1 of the Note Purchase Agreement is hereby deleted in its entirety and replaced with Schedule 1 attached hereto.
(q) Schedule 5.3 of the Note Purchase Agreement is hereby deleted in its entirety and replaced with Schedule 5.3 attached hereto.
(r) Schedule 5.7 of the Note Purchase Agreement is hereby deleted in its entirety and replaced with Schedule 5.7 attached hereto.
(s) Schedule 5.15 of the Note Purchase Agreement is hereby deleted in its entirety and replaced with Schedule 5.15 attached hereto.
(t) Annex A of the Note Purchase Agreement is hereby deleted in its entirety and replaced with Annex A attached hereto.
3. Representations and Warranties
3.1 Each of the Borrower and the Parent hereby represents and warrants as follows to the Purchaser and acknowledges and confirms that the Purchaser is relying upon such representations and warranties:
(a) Capacity, Power and Authority
(i) It is duly formed, amalgamated or incorporated, as the case may be, and is validly subsisting under the laws of its jurisdiction of formation, amalgamation or incorporation, as the case may be, and has all the requisite capacity, power and authority to carry on its business as presently conducted and to own its property.
(ii) It has the requisite capacity, power and authority to execute, deliver, and perform this Agreement.
(b) Authorization; Enforceability
It has taken or caused to be taken all necessary action to authorize, and has duly
executed and delivered, this Agreement, and this Agreement is a legal, valid and binding obligation of it enforceable against it in accordance with its terms, subject to applicable bankruptcy, reorganization, winding up, insolvency, moratorium or other laws of general application affecting the enforcement of creditors' rights generally and to the equitable and statutory powers of the courts having jurisdiction with respect thereto.
(c) Compliance with Other Instruments
The execution, delivery and performance by it of this Agreement and the consummation of the transactions contemplated herein do not conflict with, result in any breach or violation of, or constitute a default under the terms, conditions or provisions of its articles, by-laws or other constating documents or any shareholder agreement relating to it, or of any law, regulation, judgment, decree or order binding on or applicable to it or to which its property is subject or of any material agreement, lease, licence, permit or other instrument to which it or any of its Subsidiaries is a party or is otherwise bound or by which any of them benefits or to which any of their property is subject and do not require the consent or approval of any Governmental Authority or any other party.
(d) No Default
No Default or Event of Default has occurred or is continuing, or will result from, this Agreement.
(e) Representations and Warranties
Each of the representations and warranties made by it herein or in or pursuant to the Transaction Documents is true and correct on and as of the Effective Date (as defined herein) as if made on and as of such date (except that any representation or warranty which by its terms is made as of an earlier date shall be true and correct as of such earlier date).
The representations and warranties set out in this Agreement shall survive the execution and delivery of this Agreement, notwithstanding any investigations or examinations which may be made by or on behalf of the Purchaser or Purchaser's counsel. Such representations and warranties shall survive until the Note Purchase Agreement has been terminated.
- Conditions Precedent
4.1 This Agreement shall become effective upon the date (the "Effective Date") on which the Purchaser shall have received all of this Agreement, duly executed and delivered by the parties hereto.
- Confirmation of Note Purchase Agreement and other Transaction Documents
5.1 The Note Purchase Agreement and the other Transaction Documents to which the Borrower or the Parent is a party and all covenants, terms and provisions thereof, except as expressly amended and supplemented by this Agreement, shall be and continue to be in full force and effect and the Note Purchase Agreement, as amended by this Agreement, and each of the other Transaction Documents to which the Borrower or the Parent is a party is hereby ratified and
confirmed by the Borrower or the Parent, as applicable, and shall, from and after the date hereof, continue in full force and effect as herein amended and supplemented, with such amendments and supplements being effective from and as of the date hereof (upon satisfaction of the condition precedent set forth in Section 4 hereof).
5.2 Each of the Borrower and the Parent hereby confirms and agrees that each of the Security Documents to which it is a party is and shall remain in full force and effect in all respects notwithstanding this Agreement and the amendments contained therein and shall continue to exist and apply to all of the Obligations (as such term is defined in the Security Agreement) of the Borrower and the Parent, including, without limitation, the Obligations of the Borrower under, pursuant or relating to the Note Purchase Agreement, as amended by this Agreement.
5.3 The confirmations in this Section 5 are in addition to and shall not limit, derogate from or otherwise affect any provisions of the Note Purchase Agreement or any Collateral, as the case may be.
6. Further Assurances
Each of the Borrower, the Parent and the Purchaser shall promptly cure any default by them in the execution and delivery of this Agreement, the other Transaction Documents or any of the agreements provided for hereunder to which it is a party. The Borrower and the Parent at the Borrower's expense, shall promptly execute and deliver to the Purchaser, upon request by the Purchaser, all such other and further deeds, agreements, opinions, certificates, instruments, affidavits, registration materials and other documents as may reasonably be required by the Purchaser in order to give full effect to the intent of and effect compliance by the Borrower and the Parent with the covenants and agreements of the Borrower and the Parent hereunder.
7. Successors and Assigns
This Agreement shall inure to the benefit of and shall be binding upon the parties hereto and their respective successors and permitted assigns in accordance with the Note Purchase Agreement.
8. Counterparts
This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original and all of which taken together shall be deemed to constitute one and the same instrument, and it shall not be necessary in making proof of this Agreement to produce or account for more than one such counterpart. Delivery of an executed counterpart of a signature page of this Agreement by facsimile transmission or by sending a scanned copy by electronic mail shall be as effective as delivery of a manually executed counterpart of this Agreement.
9. Costs and Expenses
The Borrower agrees to pay or reimburse the Purchaser for all of its reasonable out-of-pocket costs and expenses incurred in connection with this Agreement, any other documents prepared in connection herewith and the transactions contemplated hereby, including, without limitation, the reasonable fees and disbursements of counsel to the Purchaser.
[The remainder of this page has been intentionally left blank]
IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the date and year first above written.
BORROWER:
SILVER VALLEY METALS CORP.
By: (signed) "Sam Ash"
Name: Sam Ash
Title: President & Chief Executive Officer and Director
By: (signed) "Gerbrand van Heerden"
Name: Gerbrand van Heerden
Title: Treasurer
PARENT:
BUNKER HILL MINING CORP.
By: (signed) "Sam Ash"
Name: Sam Ash
Title: President & Chief Executive Officer and Director
By: (signed) "Gerbrand van Heerden"
Name: Gerbrand van Heerden
Title: Chief Financial Officer and Corporate Secretary
[Signatures Continue on Next Page]
PURCHASER:
MONETARY METALS BOND III LLC
By: (signed) "Keith Weiner"
Name: Keith Weiner
Title: Chief Executive Officer, Founder
[End of Signatures]
SCHEDULE 1
[Schedule Redacted - PERMITTED DEBT; PERMITTED LIENS]
SCHEDULE 5.3
[Schedule Redacted - LITIGATION; LABOR DISPUTES AND ACTS OF GOD]
SCHEDULE 5.7
[Schedule Redacted – CAPITALIZATION]
SCHEDULE 5.15
[Schedule Redacted – INSURANCE]
ANNEX A
DESCRIPTION OF THE PROJECT
The construction and development of the Bunker Hill Mine located in Coeur D'Alene Mining District, in the cities of Kellogg and Wardner and in Shoshone County, Idaho USA (which includes the project mining claims listed below) (the "Mine"), including the acquisition of the Mine and the settlement of liabilities owing to the EPA, when due.
Project Mining Claims
Primary Claims
| Claim Name | M.S. # | Section | Township | Range |
|---|---|---|---|---|
| Ace | 2583 | 12 | 48 North | 2 East |
| African | 2624 | 13 | 48 North | 2 East |
| Alla | 1228 | 13 | 48 North | 2 East |
| Allie | 1229 | 13 | 48 North | 2 East |
| Apex | 3361 | 2 | 47 North | 2 East |
| Arizona | 1488 | 12 | 48 North | 2 East |
| Band | 2507 | 2 | 48 North | 2 East |
| Bear | 2081 | 13 | 48 North | 2 East |
| Bee | 2072 | 12 | 48 North | 2 East |
| Berniece | 1620 | 14 | 48 North | 2 East |
| Beta | 3471 | 13 | 48 North | 2 East |
| Blue Bird | 3361 | 2 | 47 North | 2 East |
| Boer | 2599 | 12 | 48 North | 2 East |
| Bonanza Fraction | 1228 | 13 | 48 North | 2 East |
| Bought Again | 1229 | 13 | 48 North | 2 East |
| Brady | 2584 | 12 | 48 North | 2 East |
| Buckeye | 2250 | 13 | 48 North | 2 East |
| Butte | 3361 | 2 | 47 North | 2 East |
| Claim Name | M.S. # | Section | Township | Range |
|---|---|---|---|---|
| Butternut | 1916 | 13 | 48 North | 2 East |
| Cariboo | 1220 | 11 | 48 North | 2 East |
| Carter | 1466 | 14 | 48 North | 2 East |
| Chain | 2078 | 12 | 48 North | 2 East |
| Cheyenne | 2249 | 12 | 48 North | 2 East |
| Chief No. 2 | 2862 | 11 | 48 North | 2 East |
| Club | 2583 | 12 | 48 North | 2 East |
| Combination | 2072 | 12 | 48 North | 2 East |
| Confidence | 2328 | 12 | 48 North | 2 East |
| Coxey | 1466 | 14 | 48 North | 2 East |
| Cypress | 2429 | 12 | 48 North | 2 East |
| Deadwood | 1466 | 11 | 48 North | 2 East |
| Debs | 1466 | 11 | 48 North | 2 East |
| Dewey | 2081 | 13 | 48 North | 2 East |
| Diamond | 2583 | 12 | 48 North | 2 East |
| Drew | 2587 | 13 | 48 North | 2 East |
| East | 1228 | 13 | 48 North | 2 East |
| Emily Grace | 2587 | 13 | 48 North | 2 East |
| Emma | 550 | 12 | 48 North | 2 East |
| Ethel | 2966 | 11 | 48 North | 2 East |
| Evans | 2611 | 12 | 48 North | 2 East |
| Excelsior | 1356 | 11 | 48 North | 2 East |
| F | 2587 | 24 | 48 North | 2 East |
| Flagstaff | 2328 | 12 | 48 North | 2 East |
| Claim Name | M.S. # | Section | Township | Range |
|---|---|---|---|---|
| Flagstaff No. 2 | 2921 | 12 | 48 North | 2 East |
| Flagstaff No. 4 | 2921 | 12 | 48 North | 2 East |
| Foster | 2587 | 13 | 48 North | 2 East |
| Good Luck | 1220 | 11 | 48 North | 2 East |
| Goth | 3214 | 2 | 48 North | 2 East |
| Grant | 2369 | 11, 12 | 48 North | 2 East |
| Grant | 2599 | 12 | 48 North | 2 East |
| Gun | 2611 | 18 | 48 North | 3 East |
| Gus | 2624 | 13 | 48 North | 2 East |
| Hamilton | 1466 | 14 | 48 North | 2 East |
| Hamilton Fraction | 1619 | 11 | 48 North | 2 East |
| Hard Cash | 1466 | 11 | 48 North | 2 East |
| Harrison | 1664 | 11 | 48 North | 2 East |
| Hawk | 2072 | 12 | 48 North | 2 East |
| Heart | 2511 | 12 | 48 North | 2 East |
| Helen Marr | 2452 | 12 | 48 North | 2 East |
| Hemlock | 2452 | 13 | 48 North | 2 East |
| Hickory | 2432 | 13 | 48 North | 2 East |
| Homestake | 1916 | 13 | 48 North | 2 East |
| Hornet | 1325 | 12 | 48 North | 2 East |
| Idaho | 2072 | 12 | 48 North | 2 East |
| Iowa | 2072 | 12 | 48 North | 2 East |
| Ironhill | 1228 | 13 | 48 North | 2 East |
| Ito | 2081 | 13 | 48 North | 2 East |
| Claim Name | M.S. # | Section | Township | Range |
|---|---|---|---|---|
| Jack | 2511 | 12 | 48 North | 2 East |
| Jersey Fraction | 1220 | 12 | 48 North | 2 East |
| Josie | 1229 | 13 | 48 North | 2 East |
| K-24 | 2080 | 14 | 48 North | 2 East |
| K-4 | 2080 | 14 | 48 North | 2 East |
| K-40 | 2587 | 24 | 48 North | 2 East |
| Katherine | 2966 | 11 | 48 North | 2 East |
| Key | 2511 | 12 | 48 North | 2 East |
| King | 1325 | 12 | 48 North | 2 East |
| Kirby Fraction | 2654 | 12 | 48 North | 2 East |
| Lackawana | 614 | 13 | 48 North | 2 East |
| Lacrosse | 1228 | 13 | 48 North | 2 East |
| Last Chance | 551 | 12 | 48 North | 2 East |
| Likely | 1298 | 12 | 48 North | 2 East |
| Lilly | 2587 | 12 | 48 North | 2 East |
| Lincoln | 2187 | 12 | 48 North | 2 East |
| Lucia | 3390 | 14 | 48 North | 2 East |
| Lucky Chance | 1349 | 18 | 48 North | 3 East |
| Maine | 2626 | 11 | 48 North | 2 East |
| Manchester | 2966 | 11 | 48 North | 2 East |
| Maple | 1229 | 13 | 48 North | 2 East |
| Marblehead | 3390 | 10 | 48 North | 2 East |
| Margaret | 3390 | 14 | 48 North | 2 East |
| Mashonaland | 1227 | 13 | 48 North | 2 East |
| Claim Name | M.S. # | Section | Township | Range |
|---|---|---|---|---|
| Matabelaland | 1227 | 13 | 48 North | 2 East |
| McClellan | 2654 | 12 | 48 North | 2 East |
| McClelland | 1681 | 11 | 48 North | 2 East |
| Miles | 2654 | 12 | 48 North | 2 East |
| Miners Delight | 1228 | 13 | 48 North | 2 East |
| Missouri | 2080 | 14 | 48 North | 2 East |
| Mountain King | 1620 | 14 | 48 North | 2 East |
| Mountain Queen | 1620 | 14 | 48 North | 2 East |
| Nancy B. | 3390 | 11 | 48 North | 2 East |
| Nellie | 2583 | 11 | 48 North | 2 East |
| Nevada | 1466 | 14 | 48 North | 2 East |
| New Era | 1527 | 12 | 48 North | 2 East |
| 96 | 1715 | 11 | 48 North | 2 East |
| No. 1 | 1357 | 11 | 48 North | 2 East |
| No. 2 | 1357 | 11 | 48 North | 2 East |
| No. 3 | 1357 | 11 | 48 North | 2 East |
| No. 4 | 1357 | 11 | 48 North | 2 East |
| No Name | 1228 | 13 | 48 North | 2 East |
| Norman | 2368 | 11 | 48 North | 2 East |
| Oakland | 569 | 11 | 48 North | 2 East |
| Offset | 1229 | 13 | 48 North | 2 East |
| Ollie McMillin | 1228 | 13 | 48 North | 2 East |
| Ontario Fraction | 755 | 11 | 48 North | 2 East |
| Oregon | 2274 | 15 | 48 North | 3 East |
| Claim Name | M.S. # | Section | Township | Range |
|---|---|---|---|---|
| Overlap | 2052 | 12 | 48 North | 2 East |
| Oyama | 2081 | 13 | 48 North | 2 East |
| Olympia | 3390 | 10 | 48 North | 2 East |
| Packard | 1413 | 2 | 48 North | 2 East |
| Phil | 3390 | 14 | 48 North | 2 East |
| Phillippine | 1663 | 2 | 48 North | 2 East |
| Pitt | 2654 | 12 | 48 North | 2 East |
| Princess | 1633 | 11 | 48 North | 2 East |
| Quaker | 1414 | 2 | 48 North | 2 East |
| Queen | 2511 | 12 | 48 North | 2 East |
| Rambler | 1041 | 11 | 48 North | 2 East |
| Republican Fraction | 959 | 12 | 48 North | 2 East |
| Roman | 2583 | 11 | 48 North | 2 East |
| Rookery | 1229 | 13 | 48 North | 2 East |
| Roy | 2624 | 13 | 48 North | 2 East |
| Royal Knight | 1639 | 11 | 48 North | 2 East |
| S-11 | 2081 | 13 | 48 North | 2 East |
| S-12 | 2081 | 13 | 48 North | 2 East |
| S-13 | 2081 | 13 | 48 North | 2 East |
| Sampson | 1328 | 12 | 48 North | 2 East |
| Sampson | 2081 | 13 | 48 North | 2 East |
| San Carlos | 750 | 12 | 48 North | 2 East |
| Sarnia | 2081 | 13 | 48 North | 2 East |
| Scelinda No. 1 | 2921 | 1 | 48 North | 2 East |
| Claim Name | M.S. # | Section | Township | Range |
|---|---|---|---|---|
| Scelinda No. 2 | 2921 | 1 | 48 North | 2 East |
| Scelinda No. 3 | 2921 | 1 | 48 North | 2 East |
| Scelinda No. 4 | 2921 | 1 | 48 North | 2 East |
| Scelinda No. 5 | 2921 | 1 | 48 North | 2 East |
| Scelinda No. 7 | 2921 | 1 | 48 North | 2 East |
| Scelinda No. 8 | 2921 | 1 | 48 North | 2 East |
| Schofield | 1228 | 13 | 48 North | 2 East |
| Skookum | 615 | 12 | 48 North | 2 East |
| Scorpion Fraction | 2072 | 12 | 48 North | 2 East |
| Sierra Nevada | 554 | 12 | 48 North | 2 East |
| Silver | 2587 | 13 | 48 North | 2 East |
| Silver King | 1639 | 11 | 48 North | 2 East |
| Sims | 2186 | 12 | 48 North | 2 East |
| Sold Again Fraction | 933 | 12 | 48 North | 2 East |
| Southern Beauty | 1620 | 14 | 48 North | 2 East |
| Spade | 2583 | 12 | 48 North | 2 East |
| Spokane | 2509 | 12 | 48 North | 2 East |
| Spruce Fraction | 2432 | 13 | 48 North | 2 East |
| Stemwinder | 1830 | 12 | 48 North | 2 East |
| Stopping | 1227 | 13 | 48 North | 2 East |
| Stuart No. 2 | 2966 | 11 | 48 North | 2 East |
| Stuart No. 3 | 2966 | 11 | 48 North | 2 East |
| Sugar | 2862 | 11 | 48 North | 2 East |
| Sullivan | 2966 | 11 | 48 North | 2 East |
| Claim Name | M.S. # | Section | Township | Range |
|---|---|---|---|---|
| Summit | 1228 | 13 | 48 North | 2 East |
| Susie | 1229 | 13 | 48 North | 2 East |
| Taft | 2611 | 18 | 48 North | 3 East |
| Teddy | 2511 | 12 | 48 North | 2 East |
| Timothy Fraction | 2274 | 18 | 48 North | 3 East |
| Tip Top | 1041 | 11 | 48 North | 2 East |
| Trump | 2624 | 13 | 48 North | 2 East |
| Tyler | 546 | 12 | 48 North | 2 East |
| Utah | 1882 | 12 | 48 North | 2 East |
| Viola | 562 | 12 | 48 North | 2 East |
| Washington | 2072 | 12 | 48 North | 2 East |
| Waverly | 1620 | 14 | 48 North | 2 East |
| Wheelbarrow | 1526 | 12 | 48 North | 2 East |
| William Lambert Fraction | 1945 | 2 | 48 North | 2 East |
| Yale | 2611 | 13 | 48 North | 2 East |
| Zululand | 1227 | 13 | 48 North | 2 East |
This Primary Claims set contains all resource material included in the 2021 PEA Mineral Resource Estimate, as well as those areas listed in the historic 1991 reserves. Due to the inconsistent orientation and nature of the mineralization underlying the above parcels, the Primary Royalty rate will be applied to all extracted and processed mineralized material lying under and within Primary Claims' area, up to 90 degrees nadir along the Primary Claims' boundaries.
In order to accommodate the down-dip potential on structures included within the 2021 PEA Mineral Resource Estimate and historic 1991 historic reserves report, all material processed interstitial to existing development, along strike but within the Primary Claims' boundary restrictions listed in the above paragraph, and continuously down-dip to the termination of the structure, the following zones will constitute Primary Claims and be assigned a $1.85\%$ royalty rate: Shea, Tallon, Ike/Truman, Emery, J, Mac, Francis/FW Francis. These names are taken to be the names used during past production and denote discrete mineralized structures. This rule is added to the overlying royalty rate's material restrictions to reflect a more typical "Apex Law" situation for tabular mineralized
zones and applies only to those structures listed above. Splays and associated structures that connect geologically to those listed above will receive the Primary Royalty rate of the main structure.
GGS Claims
| Claim Name | M.S. # | Section | Township | Range |
|---|---|---|---|---|
| Adath | 2976 | 22 | 48 North | 2 East |
| Alykris | 2976 | 22 | 48 North | 2 East |
| Anna Laura | 2976 | 22 | 48 North | 2 East |
| Atlas | 2976 | 22 | 48 North | 2 East |
| Atlas No. 1 | 2976 | 22 | 48 North | 2 East |
| B | 2587 | 24 | 48 North | 2 East |
| Battleship Oregon | 3390 | 14 | 48 North | 2 East |
| Black | 2081 | 13 | 48 North | 2 East |
| Brown | 2081 | 13 | 48 North | 2 East |
| Charly T. | 3390 | 14 | 48 North | 2 East |
| E | 2587 | 24 | 48 North | 2 East |
| Edna | 2587 | 13 | 48 North | 2 East |
| 85 | 2077 | 15 | 48 North | 2 East |
| Fraction | 2976 | 22 | 48 North | 2 East |
| Gay | 2976 | 22 | 48 North | 2 East |
| Hoover No. 1 | 2975 | 13 | 48 North | 2 East |
| Hoover No. 2 | 2975 | 13 | 48 North | 2 East |
| Hoover No. 3 | 2975 | 13 | 48 North | 2 East |
| Hoover No. 4 | 2975 | 13 | 48 North | 2 East |
| Hoover No. 5 | 2975 | 13 | 48 North | 2 East |
| Iowa No. 2 | 2077 | 15 | 48 North | 2 East |
| K-1 | 2080 | 14 | 48 North | 2 East |
| K-10 | 2077 | 15 | 48 North | 2 East |
| Claim Name | M.S. # | Section | Township | Range |
|---|---|---|---|---|
| K-11 | 2077 | 15 | 48 North | 2 East |
| K-12 | 2077 | 15 | 48 North | 2 East |
| K-13 | 2077 | 15 | 48 North | 2 East |
| K-14 | 2080 | 14 | 48 North | 2 East |
| K-15 | 2080 | 14 | 48 North | 2 East |
| K-16 | 2077 | 14 | 48 North | 2 East |
| K-17 | 2077 | 15 | 48 North | 2 East |
| K-2 | 2080 | 14 | 48 North | 2 East |
| K-25 | 2080 | 14 | 48 North | 2 East |
| K-26 | 2080 | 14 | 48 North | 2 East |
| K-27 | 2080 | 14 | 48 North | 2 East |
| K-28 | 2077 | 15 | 48 North | 2 East |
| K-3 | 2080 | 14 | 48 North | 2 East |
| K-30 | 2077 | 14 | 48 North | 2 East |
| K-31 | 2077 | 14 | 48 North | 2 East |
| K-32 | 2077 | 22 | 48 North | 2 East |
| K-33 | 2080 | 23 | 48 North | 2 East |
| K-34 | 2080 | 23 | 48 North | 2 East |
| K-35 | 2080 | 23 | 48 North | 2 East |
| K-36 | 2080 | 23 | 48 North | 2 East |
| K-37 | 2080 | 23 | 48 North | 2 East |
| K-38 | 2080 | 23 | 48 North | 2 East |
| K-5 | 2080 | 14 | 48 North | 2 East |
| K-7 | 2080 | 14 | 48 North | 2 East |
| Claim Name | M.S. # | Section | Township | Range |
|---|---|---|---|---|
| K-8 | 2080 | 14 | 48 North | 2 East |
| K-9 | 2080 | 14 | 48 North | 2 East |
| Kansas | 2080 | 14 | 48 North | 2 East |
| Lilly May | 1220 | 12 | 48 North | 2 East |
| Little Ore Grande | 2977 | 23 | 48 North | 2 East |
| Mabundaland | 1227 | 13 | 48 North | 2 East |
| Medium | 2587 | 13 | 48 North | 2 East |
| Missouri No. 2 | 2077 | 15 | 48 North | 2 East |
| 91 | 2077 | 15 | 48 North | 2 East |
| 92 | 2077 | 15 | 48 North | 2 East |
| No. 1 | 2587 | 24 | 48 North | 2 East |
| No. 2 | 2587 | 24 | 48 North | 2 East |
| North Midland | 3108 | 24 | 48 North | 2 East |
| Orbit | 3097 | 23 | 48 North | 2 East |
| Ore Grande No. 1 | 2977 | 23 | 48 North | 2 East |
| Ore Grande No. 2 | 2977 | 23 | 48 North | 2 East |
| Ore Grande No. 3 | 2977 | 23 | 48 North | 2 East |
| Ore Grande No. 4 | 2977 | 23 | 48 North | 2 East |
| Ore Grande No. 5 | 2977 | 23 | 48 North | 2 East |
| Ore Shoot | 3097 | 23 | 48 North | 2 East |
| Oreano | 3097 | 23 | 48 North | 2 East |
| Orient | 3097 | 23 | 48 North | 2 East |
| Oriental Orphan | 3097 | 23 | 48 North | 2 East |
| Orpheum | 3097 | 23 | 48 North | 2 East |
| Claim Name | M.S. # | Section | Township | Range |
|---|---|---|---|---|
| Panorama | 2976 | 23 | 48 North | 2 East |
| Penfield | 2587 | 13 | 48 North | 2 East |
| Red Deer | 2976 | 22 | 48 North | 2 East |
| S-10 | 2081 | 13 | 48 North | 2 East |
| Setzer | 2976 | 22 | 48 North | 2 East |
| Texas | 2080 | 14 | 48 North | 2 East |
The GGS Royalty rate will apply to all GGS Claims either partly or wholly-covered by the ground geophysical survey announced on June 16, 2021
Residual Claims
| Claim Name | M.S. # | Section | Township | Range |
|---|---|---|---|---|
| A | 2587 | 24 | 48 North | 2 East |
| Alfred | 1628 | 2 | 48 North | 2 East |
| Anaconda | 3361 | 2 | 47 North | 2 East |
| Apex No. 2 | 3361 | 1 | 47 North | 2 East |
| Apex No. 3 | 3361 | 1 | 47 North | 2 East |
| Army | 3096 | 22 | 48 North | 2 East |
| Asset | 2611 | 12 | 48 North | 2 East |
| Baby (1/6th interest) | 2856 | 3 | 47 North | 2 East |
| Black Diamond | 3423 | 10 | 48 North | 3 East |
| Blue Grouse | 3361 | 2 | 47 North | 2 East |
| Bob White | 3361 | 2 | 47 North | 2 East |
| Bonanza King Millsite | 2868 | 8 | 48 North | 3 East |
| Brooklyn | 2201 | 10 | 48 North | 2 East |
| Butte Fraction | 3361 | 2 | 47 North | 2 East |
| C | 2587 | 24 | 48 North | 2 East |
| Carbonate | 3423 | 3 | 48 North | 3 East |
| Castle | 3503 | 17 | 48 North | 2 East |
| Childs | 2611 | 12 | 48 North | 2 East |
| Comstock | 1345 | 18 | 48 North | 3 East |
| Cougar | 3361 | 2 | 47 North | 2 East |
| D | 2587 | 24 | 48 North | 2 East |
| Daisy | 1345 | 18 | 48 North | 3 East |
| Dandy | 1345 | 18 | 48 North | 3 East |
| Claim Name | M.S. # | Section | Township | Range |
|---|---|---|---|---|
| Danish | 1503 | 2 | 48 North | 2 East |
| East Midland | 3108 | 19 | 48 North | 3 East |
| Eli | 2611 | 18 | 48 North | 3 East |
| Enterprise | 3423 | 3 | 48 North | 3 East |
| Enterprise Extension | 3423 | 10 | 48 North | 3 East |
| Evening Star | 2274 | 15 | 48 North | 3 East |
| Evening Star Fraction | 2274 | 15 | 48 North | 3 East |
| Fairview | 621 | 18 | 48 North | 3 East |
| Flagstaff No. 3 | 2921 | 12 | 48 North | 2 East |
| Galena | 3361 | 1 | 47 North | 2 East |
| Gelatin | 3423 | 10 | 48 North | 3 East |
| Giant | 3423 | 3 | 48 North | 3 East |
| Good Enough | 1628 | 2 | 48 North | 2 East |
| Huckleberry No. 2 | 3361 | 2 | 47 North | 2 East |
| Jackass | 586 | 13 | 48 North | 2 East |
| Jessie | 1345 | 18 | 48 North | 3 East |
| Julia | 1345 | 18 | 48 North | 3 East |
| Justice | 1345 | 18 | 48 North | 3 East |
| K-18 | 2077 | 15 | 48 North | 2 East |
| K-19 | 2077 | 15 | 48 North | 2 East |
| K-20 | 2077 | 15 | 48 North | 2 East |
| K-21 | 2077 | 14 | 48 North | 2 East |
| K-22 | 2077 | 14 | 48 North | 2 East |
| K-23 | 2077 | 15 | 48 North | 2 East |
| Claim Name | M.S. # | Section | Township | Range |
|---|---|---|---|---|
| K-29 | 2077 | 15 | 48 North | 2 East |
| K-39 | 2077 | 15 | 48 North | 2 East |
| K-6 | 2080 | 14 | 48 North | 2 East |
| Keystone (1/6th interest) | 2856 | 3 | 47 North | 2 East |
| L-1 | 3214 | 2 | 48 North | 2 East |
| L-2 | 3214 | 9 | 48 North | 2 East |
| L-3 | 3214 | 9 | 48 North | 2 East |
| Leopard | 3361 | 2 | 47 North | 2 East |
| Lesley | 2977 | 23 | 48 North | 2 East |
| Lesley No. 2 | 2977 | 23 | 48 North | 2 East |
| Lesley No. 3 | 2977 | 23 | 48 North | 2 East |
| Long John | 3179 | 7 | 48 North | 3 East |
| Lydia Fraction | 1723 | 2 | 48 North | 2 East |
| Lynx | 3361 | 35 | 47 North | 2 East |
| Mabel | 1723 | 2 | 48 North | 2 East |
| MacBenn | 3361 | 2 | 47 North | 2 East |
| Maggie | 1628 | 2 | 48 North | 2 East |
| Manila | 1723 | 2 | 48 North | 2 East |
| Marin | 3361 | 2 | 47 North | 2 East |
| Marko | 3051 | 7 | 48 North | 3 East |
| Maryland | 2274 | 15 | 48 North | 3 East |
| McRooney | 2966 | 11 | 48 North | 2 East |
| Midland | 3108 | 19 | 48 North | 3 East |
| Midland No. 1 | 3108 | 24 | 48 North | 2 East |
| Claim Name | M.S. # | Section | Township | Range |
|---|---|---|---|---|
| Midland No. 3 | 3108 | 24 | 48 North | 2 East |
| Midland No. 4 | 3108 | 24 | 48 North | 2 East |
| Midland No. 5 | 3108 | 24 | 48 North | 2 East |
| Midland No. 6 | 3108 | 24 | 48 North | 2 East |
| Midland No. 7 | 3108 | 24 | 48 North | 2 East |
| Midland No. 8 | 3108 | 24 | 48 North | 2 East |
| Milo Millsite | 2869 | 8, 17 | 48 North | 3 East |
| Minnesota | 2077 | 15 | 48 North | 2 East |
| Missing Link | 2587 | 24 | 48 North | 2 East |
| Monmouth | 2274 | 15 | 48 North | 3 East |
| Monte Carlo No. 1 | 3177 | 18 | 48 North | 3 East |
| Monte Carlo No. 2 | 3177 | 18 | 48 North | 3 East |
| Monte Carlo No. 3 | 3177 | 7, 18 | 48 North | 3 East |
| Monte Carlo No. 4 | 3177 | 7, 18 | 48 North | 3 East |
| Monte Carlo No. 5 | 3177 | 18 | 48 North | 3 East |
| Navy | 3096 | 22 | 48 North | 2 East |
| New Jersey | 2201 | 10 | 48 North | 2 East |
| Nick | 2611 | 18 | 48 North | 3 East |
| North Wellington | 2977 | 23 | 48 North | 2 East |
| O.K. | 1723 | 2 | 48 North | 2 East |
| O.K. Western | 1723 | 2 | 48 North | 2 East |
| Ophir | 1345 | 18 | 48 North | 3 East |
| Oracle | 3097 | 23 | 48 North | 2 East |
| Oregon | 2072 | 12 | 48 North | 2 East |
| Claim Name | M.S. # | Section | Township | Range |
|---|---|---|---|---|
| Oregon No. 2 | 2274 | 15 | 48 North | 3 East |
| Ox | 2611 | 18 | 48 North | 3 East |
| Peak | 2587 | 24 | 48 North | 2 East |
| Pete | 3389 | 10 | 48 North | 2 East |
| Pheasant | 3361 | 2 | 47 North | 2 East |
| Prominade | 3389 | 10 | 48 North | 2 East |
| Reeves | 1412 | 2 | 48 North | 2 East |
| Robbin | 3361 | 2 | 47 North | 2 East |
| Rolling Stone | 619 | 18 | 48 North | 3 East |
| Rolling Stone | 3423 | 10 | 48 North | 3 East |
| Ruth | 2611 | 18 | 48 North | 3 East |
| S-9 | 2081 | 19 | 48 North | 3 East |
| Sam | 3389 | 10 | 48 North | 2 East |
| Schute Fraction | 2201 | 10 | 48 North | 2 East |
| Sherman | 2611 | 12 | 48 North | 2 East |
| Silver Chord | 2274 | 15 | 48 North | 3 East |
| Silver King Millsite | 3563 | 2 | 48 North | 2 East |
| Simmons | 2611 | 12 | 48 North | 2 East |
| Snowline | 2587 | 25 | 48 North | 2 East |
| Sonora | 3361 | 2 | 47 North | 2 East |
| Spokane Central No. 1 | 3472 | 19 | 48 North | 3 East |
| Spokane Central No. 2 | 3472 | 20 | 48 North | 3 East |
| Spokane Central No. 3 | 3472 | 20 | 48 North | 3 East |
| Spokane Central No. 4 | 3472 | 20 | 48 North | 3 East |
| Claim Name | M.S. # | Section | Township | Range |
|---|---|---|---|---|
| Spokane Central No. 5 | 3472 | 20 | 48 North | 3 East |
| Spring | 3298 | 15 | 48 North | 3 East |
| Star | 2081 | 13 | 48 North | 2 East |
| Sullivan Extension | 1228 | 13 | 48 North | 2 East |
| Sunny | 1723 | 2 | 48 North | 2 East |
| Switzerland | 2966 | 11 | 48 North | 2 East |
| V.M. No. 1 | 3051 | 7 | 48 North | 3 East |
| V.M. No. 2 | 3051 | 7 | 48 North | 3 East |
| Van (1/6th interest) | 2856 | 3 | 47 North | 2 East |
| Venture | 3164 | 2 | 48 North | 2 East |
| Walla Walla | 1345 | 18 | 48 North | 3 East |
| Wellington | 2977 | 23 | 48 North | 2 East |
| Whippoorwill | 1723 | 2 | 48 North | 2 East |
| Woodrat (1/6th interest) | 2856 | 3 | 47 North | 2 East |
| Yreka No. 10 | 2587 | 19 | 48 North | 3 East |
| Yreka No. 11 | 2587 | 19 | 48 North | 3 East |
| Yreka No. 12 | 2587 | 30 | 48 North | 3 East |
| Yreka No. 13 | 2587 | 30 | 48 North | 3 East |
| Yreka No. 14 | 2587 | 30 | 48 North | 3 East |
| Yreka No. 15 | 2587 | 30 | 48 North | 3 East |
| Yreka No. 16 | 2587 | 30 | 48 North | 3 East |
| Yreka No. 17 | 2587 | 30 | 48 North | 3 East |
| Yreka No. 18 | 2587 | 30 | 48 North | 3 East |
| Yreka No. 19 | 2587 | 30 | 48 North | 3 East |
| Claim Name | M.S. # | Section | Township | Range |
|---|---|---|---|---|
| Yreka No. 20 | 2587 | 30 | 48 North | 3 East |
| Yreka No. 21 | 2587 | 30 | 48 North | 3 East |
| Yreka No. 22 | 2587 | 24 | 48 North | 2 East |
| Yreka No. 23 | 2587 | 19 | 48 North | 3 East |
| Yreka No. 24 | 2587 | 19 | 48 North | 3 East |
| Yreka No. 25 | 2587 | 24 | 48 North | 2 East |
| Yreka No. 26 | 2587 | 19 | 48 North | 3 East |
| Zeke | 3389 | 10 | 48 North | 2 East |
| S-1 | 2081 | 18, 19 | 48 North | 3 East |
| S-2 | 2081 | 18 | 48 North | 3 East |
| S-3 | 2081 | 18, 19 | 48 North | 3 East |
| S-4 | 2081 | 19 | 48 North | 3 East |
| S-5 | 2081 | 19 | 48 North | 3 East |
| S-6 | 2081 | 19 | 48 North | 3 East |
| S-7 | 2081 | 19 | 48 North | 3 East |
| S-8 | 2081 | 18, 19 | 48 North | 3 East |
| Butte | 1220 | 11 | 48 North | 2 East |
| Apex | 1041 | 11 | 48 North | 2 East |
| Blue Bird | 1229 | 13 | 48 North | 2 East |
| Saxon | 2067 | 11 | 48 North | 2 East |
| Link | 2123 | 12 | 48 North | 2 East |
| Spur | 2124 | 12 | 48 North | 2 East |
| Spear | 2496 | 12 | 48 North | 2 East |
| Marion | 2583 | 11 | 48 North | 2 East |
| Claim Name | M.S. # | Section | Township | Range |
|---|---|---|---|---|
| Ben Herr | 2599 | 12 | 48 North | 2 East |
| Kruger | 2599 | 12 | 48 North | 2 East |
| Philippine | 2599 | 12 | 48 North | 2 East |
| Hough | 2611 | 12 | 48 North | 2 East |
| California | 2627 | 11 | 48 North | 2 East |
| Check | 2840 | 1 | 48 North | 2 East |
| Florence | 2862 | 11 | 48 North | 2 East |
| Billy | 3111 | 11 | 48 North | 2 East |
| Lucky | 3470 | 13 | 48 North | 2 East |
| Moat | 3503 | 17 | 48 North | 3 East |
| Bunker Hill | 579 | 12 | 48 North | 2 East |
| Sullivan | 580 | 13 | 48 North | 2 East |
| Important Fraction | 581 | 13 | 48 North | 2 East |
| Phil Sheridan | 604 | 13 | 48 North | 2 East |
| Reed Fraction | 607 | 13 | 48 North | 2 East |
| Bunker Hill Millsite | 608 | 13 | 48 North | 2 East |
| Small Hopes | 609 | 13 | 48 North | 2 East |
| Bottom Dollar Fraction | 629 | 13 | 48 North | 2 East |
| Chestnut Fraction | 632 | 13 | 48 North | 2 East |
| Emma | 703 | 12 | 48 North | 2 East |
| Last Chance Millsite | 703 | 12 | 48 North | 2 East |
| Ontario | 755 | 11 | 48 North | 2 East |
| Carbonate | 764 | 11 | 48 North | 2 East |
| Silver Casket | 790 | 11 | 48 North | 2 East |
| Claim Name | M.S. # | Section | Township | Range |
|---|---|---|---|---|
| Turkey Buzzard | 836 | 13 | 48 North | 2 East |
| Snowslide Fraction | 837 | 13 | 48 North | 2 East |
| Silver | 1085 | 12 | 48 North | 2 East |
| Johnnesburg | 1192 | 12 | 48 North | 2 East |
| Puritan | 1328 | 12 | 48 North | 2 East |
| No. 5 | 1357 | 11 | 48 North | 2 East |
| Omaha | 1409 | 12 | 48 North | 2 East |
| Legal Tender | 1639 | 11 | 48 North | 2 East |
| Triangle Fraction | 2065 | 13 | 48 North | 2 East |
| Claim Name | BLM Serial # | Section | Township | Range |
| --- | --- | --- | --- | --- |
| BHM 1 | ID106709778 | 1 | 48 North | 2 East |
| BHM 2 | ID106709779 | 1 | 48 North | 2 East |
| BHM 3 | ID106709780 | 1 | 48 North | 2 East |
| BHM 4 | ID106709781 | 1 | 48 North | 2 East |
| BHM 5 | ID106709782 | 1 | 48 North | 2 East |
| BHM 6 | ID106709783 | 1 | 48 North | 2 East |
| BHM 7 | ID106709784 | 1 | 48 North | 2 East |
| BHM 8 | ID106709785 | 1 | 48 North | 2 East |
| NBH 1 | ID106715514 | 11 | 48 North | 2 East |
| NBH 2 | ID106715515 | 11 | 48 North | 2 East |
| NBH 3 | ID106715516 | 11 | 48 North | 2 East |
| Claim Name | BLM Serial # | Section | Township | Range |
|---|---|---|---|---|
| NBH 4 | ID106715517 | 11 | 48 North | 2 East |
| NBH 5 | ID106715518 | 11 | 48 North | 2 East |
| NBH 6 | ID106715519 | 11 | 48 North | 2 East |
| NBH 7 | ID106715520 | 11 | 48 North | 2 East |
| NBH 8 | ID106715521 | 11 | 48 North | 2 East |
| NBH 9 | ID106715522 | 1 | 48 North | 2 East |
| NBH 10 | ID106715523 | 1 | 48 North | 2 East |
| NBH 11 | ID106715524 | 1 | 48 North | 2 East |
| NBH 12 | ID106715525 | 1 | 48 North | 2 East |
| NBH 13 | ID106715526 | 1 | 48 North | 2 East |
| NBH 14 | ID106715527 | 1 | 48 North | 2 East |
| NBH 15 | ID106715528 | 1 | 48 North | 2 East |
| NBH 16 | ID106715529 | 12 | 48 North | 2 East |
| NBH 17 | ID106715530 | 12 | 48 North | 2 East |
| NBH 18 | ID106715531 | 7 | 48 North | 3 East |
| NBH 19 | ID106715532 | 12 | 48 North | 2 East |
| NBH 20 | ID106715533 | 18 | 48 North | 3 East |
| NBH 21 | ID106715534 | 7 | 48 North | 3 East |
| NBH 22 | ID106715535 | 17 | 48 North | 3 East |
| NBH 23 | ID106715536 | 18 | 48 North | 3 East |
| NBH 24 | ID106715537 | 17 | 48 North | 3 East |
| NBH 25 | ID106715538 | 18 | 48 North | 3 East |
| NBH 26 | ID106715539 | 18 | 48 North | 3 East |
| NBH 27 | ID106715540 | 18 | 48 North | 3 East |
| Claim Name | BLM Serial # | Section | Township | Range |
|---|---|---|---|---|
| NBH 28 | ID106715541 | 18 | 48 North | 3 East |
| NBH 29 | ID106715542 | 35 | 48 North | 2 East |
| NBH 30 | ID106715543 | 35 | 48 North | 2 East |
| NBH 31 | ID106715544 | 35 | 48 North | 2 East |
| NBH 32 | ID106715545 | 35 | 48 North | 2 East |
| NBH 33 | ID106715546 | 35 | 48 North | 2 East |
| NBH 34 | ID106715547 | 35 | 48 North | 2 East |
| NBH 35 | ID106715548 | 35 | 48 North | 2 East |
| NBH 36 | ID106715549 | 35 | 48 North | 2 East |
| NBH 37 | ID106715550 | 35 | 48 North | 2 East |
| NBH 38 | ID106715551 | 36 | 48 North | 2 East |
| NBH 39 | ID106715552 | 2 | 47 North | 2 East |
| NBH 40 | ID106715553 | 2 | 47 North | 2 East |
| NBH 41 | ID106715554 | 2 | 47 North | 2 East |
| NBH 42 | ID106715555 | 2 | 47 North | 2 East |
| NBH 43 | ID106715556 | 1 | 47 North | 2 East |
| NBH 44 | ID106715557 | 1 | 47 North | 2 East |
| NBH 45 | ID106715558 | 1 | 47 North | 2 East |
| NBH 46 | ID106715559 | 3 | 47 North | 2 East |
| NBH 47 | ID106715560 | 2 | 47 North | 2 East |
| NBH 48 | ID106715561 | 3 | 47 North | 2 East |
| NBH 49 | ID106715562 | 2 | 47 North | 2 East |
| NBH 50 | ID106715563 | 1 | 47 North | 2 East |
| NBH 51 | ID106715564 | 1 | 47 North | 2 East |
| Claim Name | BLM Serial # | Section | Township | Range |
|---|---|---|---|---|
| NBH 52 | ID106715565 | 1 | 47 North | 2 East |
| NBH 53 | ID106715566 | 2 | 47 North | 2 East |
| NBH 54 | ID106715567 | 2 | 47 North | 2 East |
| NBH 55 | ID106715568 | 2 | 47 North | 2 East |
| NBH 56 | ID106715569 | 2 | 47 North | 2 East |
| NBH 57 | ID106715570 | 1 | 47 North | 2 East |
| NBH 58 | ID106715571 | 1 | 47 North | 2 East |
| NBH 59 | ID106715572 | 1 | 47 North | 2 East |
| NBH 60 | ID106715573 | 1 | 47 North | 2 East |
| NBH 61 | ID106715574 | 2 | 47 North | 2 East |
| NBH 62 | ID106715575 | 2 | 47 North | 2 East |
| NBH 63 | ID106715576 | 2 | 47 North | 2 East |
| NBH 64 | ID106715577 | 2 | 47 North | 2 East |
| NBH 65 | ID106715578 | 2 | 47 North | 2 East |
| NBH 66 | ID106715579 | 11 | 47 North | 2 East |
| NBH 67 | ID106715580 | 2 | 47 North | 2 East |
| NBH 68 | ID106715581 | 1 | 47 North | 2 East |
| NBH 69 | ID106715582 | 1 | 47 North | 2 East |
| NBH 70 | ID106715583 | 1 | 47 North | 2 East |