Showcase Minerals Inc. announced it has identified promising targets for extension of the known mineralization in the northwest portion of its Dixie Flats-North Star Gold Project. The interface of the Devils Gate Limestone and Webb Mudstone is the primary host of mineralization at Dixie Flats. Newmont Corporation's nearby Emigrant Springs Mine and Rain Mine hosted deposits in dissolution breccia zones at the contact between the Webb mudstone and the underlying Devils Gate limestone.

Showcase refined the location of this interface through combined 3D analysis of a GTI NuSeis 2D active seismic survey completed in 2022, 10 Controlled Source Audio Magnetotelluric (CSAMT) lines and gravity surveys completed in 2017, and 53 previous drillholes containing stratigraphic information. Existing seismic surveys and CSAMT data highlights a broad area of interest for exploration. Analysis of these data alongside gravity data, drillhole intercepts of the Webb-Devils Gate interface, and geologic mapping highlight two primary structures cross cutting the region of known mineralization.

The NNE-SSW structure is along trend with Orla Mining Ltd.'s Dark Star Gold Deposit. Showcase recently completed five CSAMT surveys for a combined length of 7.3 miles that were designed to target this region containing the largest gold intercepts in the project to date. This new geophysical compilation will refine the location of the mineralized structures and improve potential drill targeting in the next exploration phase of the project.

The Dixie Flats-NorthStar Property (the Property or Dixie Flats) is located on the east side of the Pinon Mountains, 21 air-miles south of the City of Elko in northeast Nevada. It is a combination of two claim blocks, the Dixie Flats group of claims and the North Star group of claims. The Property is comprised of a total of 236 total unpatented mineral claims comprising 1,671 hectares on Federal land administered by the US Bureau of Land Management (BLM). The Property lies on the southern margin of the Carlin Trend, a northwest-trending belt of sediment- hosted gold deposits that makes up the greatest geographic concentration of gold deposits in North America with reported production of more than 92.5 million ounces of gold since 1961 (Muntean, 2019).

The Dixie Flats-North Star Property is underlain by rocks known to host gold mineralization on the Carlin Trend, and surface sampling has shown anomalous gold, silver, arsenic, antimony, and mercury levels in rock, soil, and biogeochemical samples from the Property, which is a characteristic geochemical signature of Carlin-Type gold deposits. Dixie - North Star is approximately three miles south of Newmont Mining Company's Emigrant Springs Mine, which finished production in 2018, and approximately 4.5 miles southeast of the past producing Rain Mine. Both of these deposits are hosted in dissolution breccia zones at the contact between the Webb mudstone, the basal unit of the overlying assemblage, and the underlying Devils Gate limestone.

Prior exploration on the Dixie - North Star Property has been focused on delineating this contact at depth and discovering possible extensions to the regional structures controlling mineralization at the Rain and Emigrant Mines and their demonstrated extension to the Dixie - North Star Property. The information on the adjacent projects is taken from publicly available sources and is not necessarily indicative of the mineralization on the Dixie Flats - North Star Property.