Project Overview

TruSilver Metals Corp. is focused on the exploration and advancement of its 100%-owned Sturgis–Walton Silver Project, located in Hants County, Nova Scotia.


The Project is situated approximately 70 km northwest of Halifax and 8 km west of the historic Walton Mine. TruSilver holds a 100% interest in the Project, which comprises 70 mineral claims across three exploration licences, totalling approximately 1,120 hectares, and is free of any net smelter return royalties or other third-party royalty burdens.

The adjacent Walton Mine, which operated from 1941 to 1978, provides important geological context for the Project and is recognized for its high-grade polymetallic mineralization.
Exploration work completed to date includes:
Geological mapping and
surface geochemical sampling

AMT/MT and ground
gravity geophysics

Airborne magnetic surveys

3D inversion modelling

Diamond drilling
HISTORICAL EXPLORATION

The Sturgis-Walton Silver Project

Includes approximately 38 historical drill holes completed in the late 1960s, with 22 holes exceeding 200 metres in depth and 10 holes exceeding 300 metres. Available lithological data has been digitized. These historical results have not been independently verified by TruSilver and should not be relied upon.

The project is currently permitted for drilling at three locations under a Crown Land exploration permit, valid through 2028.
In 2023, TruSilver completed a 557-metre diamond drill hole, which intersected two mineralized zones containing silver and copper, supporting the current geological model.

TruSilver is planning a phased exploration program, beginning with drilling and additional geophysical work, followed by a larger Phase 2 program with approximately 3,500 metres of diamond drilling.

Walton Mine

The Walton Mine, located adjacent to the Sturgis-Walton Silver Project, operated from 1941 to 1978 and is recognized as one of Canada’s most historically significant polymetallic deposits.

The Walton Mine provides a strong geological analogue and underpins TruSilver’s exploration thesis that a larger, underlying feeder system may extend beyond the limits of historic mining.

Mining initially focused on barite production; however, as operations progressed to greater depths, significant silver, lead, zinc, and copper mineralization was encountered. The deposit is particularly notable for its high-grade silver content, with historical drill intercepts reported to include grades of up to approximately 5,754 g/t silver (185 oz/t Ag).*

¹Historic silver grade of 5,754 g/t Ag is derived from the reported 185 oz/ton Ag interval in DDH 174 (Level 690’) from Patterson, J.W. (1988), Walton Mine: Underground DDH & Assay Data, Nova Scotia Department of Mines & Energy, Open File Report ME 1988-045, and Patterson, J.W. (1988), Exploration Potential for Argentiferous Base Metals at the Walton Deposit, Nova Scotia, Open File Report 88-21. These historical results have not been verified by a Qualified Person, core for certain holes (including DDH 174) is incomplete andcannot be re-sampled, andshould not be relied upon without further drilling and QA/QC confirmation.

Historic High-Grade CRD Discovery

Historic underground development and drilling confirmed the presence of a high-grade mineral system hosted within carbonate rocks, consistent with a carbonate replacement deposit (CRD) model. Mining reached depths of approximately 500 metres before operations ceased, primarily due to water inflow associated with historical mining practices rather than depletion of the mineral system.

Untested Southern Feeder-System Potential

While substantial mineralization was historically extracted at Walton, the broader system has not been fully delineated or systematically tested using modern exploration techniques. Historic drilling and sampling confirm the presence of high-grade silver zones; however, the potential feeder system to the south remains largely untested, including its continuity, depth extent, and role as a possible source of the historic mineralization.

PROJECT

Geological Model

The Sturgis-Walton Silver Project is interpreted as an Irish-type carbonate replacement deposit (CRD) system, where mineralization is hosted within carbonate rocks and controlled by structural pathways. In this model, metal-bearing fluids migrate along faults and permeable horizons, replacing favourable host units and forming high-grade polymetallic zones.


Within this framework, the Walton Mine is interpreted as a higher-level expression of the system, while the Sturgis Target represents a deeper feeder structure, potentially associated with the primary fluid conduit and source of mineralization.

HISTORY

Exploration Work

Exploration in the Sturgis–Walton Silver Project area spans more than 150 years, beginning with the discovery of barite in the Walton area in 1860 and evolving through mining, geochemical surveys, geophysical programs, structural modelling, and modern diamond drilling.



The Project is located adjacent to the historic Walton Mine, a past-producing Zn-Pb-Cu-Ag-Ba operation that produced from 1941 to 1978. Historical and modern work in the area has focused on identifying extensions of Walton-style barite and base-metal mineralization along the Horton–Windsor Contact and within favourable carbonate host units.

WITH FULL OPERATOR NAMES

Chronology of
Exploration Activity

Walton Mine
Sturgis-Walton Silver Project
Proximal Zone (Immediately
South of Walton Mine)
Sturgis Project / Project Area & Surrounding District
Walton Mine Surrounding
Area (Goshen)
Sturgis Project (Wade
Lake & Lantz Area)
Regional / Project-Scale Context
1800s - 1900s

Iron and manganese workings

Various Historical Operators
1860

Massive barite outcrop discovered.

Historical Prospectors
1918

Sturgis manganese occurrence worked

Historical Operators
1941

Open-pit barite mining

Canadian Industrial Minerals Limited
1949

Acquisition and continued barite production

Magnet Cove Barium Corporation
1951

Shallow diamond drilling

Canadian Industrial Minerals Limited
1951

Trenching and shallow diamond drilling

Canadian Industrial Minerals Limited
1954-1959

Geological and geophysical investigations

Nova Scotia Research Foundation
1955

Drilling beneath barite deposit

Magnet Cove Barium Corporation
1961

Soil & water 
geochemistry, trenching, mapping, packsack drilling.

Consolidated Mining and Smelting Co. Ltd. (Cominco)
1964

Diamond Drilling

Magnet Cove Barium Corporation
1967-1968

Diamond Drilling

Magnet Cove Barium Corporation
1970-1972

Diamond Drilling

Preuvier Mines Ltd.
1970s

Underground mining  affected by water inflow

Magnet Cove Barium Corporation
1978

Mine closure

Magnet Cove Barium Corporation
1979-1982

Soil geochemistry

Preuvier Mines Ltd.
1983

Shallow auger drilling / till-chip sampling

Billiton
1983-1984

Soil geochemistry, IP surveys, diamond drilling

Cuvier Mines Inc.
1987-1988

Geological compilation, geophysical interpretation, drilling

Gunnar Gold Inc.
2007-2010

Regional compilation and Mobile Metal Ion soil geochemistry

Acadian Mining Corp.
2012-2013

Historical compilation, soil geochemistry, airborne Geotech VTEM electromagnetic and magnetic survey

ScoZinc Ltd.

Sturgis Target

A large, deep geophysical anomaly defined by gravity, AMT, and magnetic data, interpreted as the core of the mine ral system.

EXPLORATION TO DATE

Airborne magnetics

Gravity Surveys

AMT/MT surveys

Diamond drilling

The following has been conducted by TruSilver Metals Corp., or by its predecessor Basin Metals.

2019
Diamond drilling — BM-19-01

2020

Diamond drilling — WL-20-01

2021

UAV magnetic survey

2023

Diamond drilling — ST-23-001

2024

AMT/MT-MVP survey
Ground gravity survey
Data acquisition survey

2025

3-D inversion modelling and integrated interpretation

2026

Compile and evaluate historical data, prepare 43-101 Report, refine 3D model, obtain drilling permits

2026-2027 Drilling Program

~3,500
Metres
5-6
Drill Holes
Downhole
Geophysics
AMT
Survey
Step-Out
Drilling
PROJECT UPDATES

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Why It Matters

This is a new discovery opportunity targeting the source of a high-grade mineral system.