New Risk • Jul 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.4m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Shareholders have been substantially diluted in the past year (289% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.42m market cap, or US$2.41m). New Risk • Jun 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Shareholders have been substantially diluted in the past year (289% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.20m market cap, or US$2.25m). Announcement • Jun 10
Maverick Gold and Silver Completes First Phase Work Programs on Its Nevada Properties Maverick Gold and Silver Corp. has recently completed its first phase work programs on its Nevada properties. Work completed at the Gator property consisted of a magnetotelluric, or MT, geophysical survey over the Gator South target and detailed geological mapping over the GSX target, which is located immediately to the south of the Gator South target. The next steps at Gator will be the selection of drill targets and the amendment of the existing drill permit to include the GSX target. The new mapping over the GSX target has significantly increased the areal extent of the high-level hydrothermal alteration within the calcareous sediments of the Havallah Formation. This favourable alteration style has now been mapped over an area extending 1,200 metres by 700 metres. In addition, this mapping has significantly refined the Company's understanding of the GSX target and has provided critical conclusions that will be used for our planned drill program as follows: The GSX Northeast Structure provides primary structural control to the mineral system, with the best alteration and geochemistry located at intersections with secondary north-northeast structures. Lithology provides an equally important mineral control - a mappable calcareous sandstone-siltstone sub-unit hosts strong alteration and mineralization disseminated well away from structural feeders. The favorable sub-unit demonstrates significantly stronger deformation than other Havallah units, suggesting more complex structural preparation prior to mineralization. The Northeast Structure and north-northeast intersections are the focus of hydrothermal fluid flow, with historic rock chip sampling demonstrating local strong disseminated mineralization including up to 0.128 g/t Au, 601 ppm As, 371 ppm Sb, and 58 ppm Hg. At the covered Gator South target, a detailed MT survey was completed to assist in target definition under Triassic-aged volcanic rocks. MT is an excellent form of geophysics for mapping contrasts in subsurface resistivity, which helps to identify potential alteration zones and fluid pathways at depth. The geophysical survey confirmed the location of key lithologic contacts as well as indicating that two north-northwest structures continue at least 1,100 metres north from the GSX target. These deep-seated structures that feature strong silicification at GSX indicate that the Gator South and GSX targets are potentially part of the same, larger, mineralizing system. The Jericho Property is located approximately 40 km northeast of Pioche and is within the Eastern Calderas mineralized district. Work completed at Jericho consisted of property wide prospecting and sampling as well as the collection of drone footage. The Jericho property is host to low sulfidation epithermal gold and silver mineralization made up of quartz veins, breccias, and stockwork zones that occur within two sub-parallel northeast striking structural corridors: the West Trend and the East Trend. The Company was able to confirm that the West Trend does continue for at least 4 kilometres and were able to identify two additional zones - the Upper Flats and the NE Extension Zones. The West Trend now includes (from southwest to northeast) the Helen, Tempa, Fluorite Flats, Upper Flats, and the NE Extension Zones. Over the four-kilometre length of the trend, the difference in elevation from the Helen Zone to the NE Extension Zone is approximately 1,700 feet, or 520 metres. The surface expression of the mineralization varies from multiple metre wide quartz/calcite veins and stockwork at Helen, to 2- to 10-metre-wide quartz/adularia vein and associated stockwork zones at Tempa, to stockwork zones at Fluorite Flats and Upper Flats, to low temperature silica alteration at the NE Extension Zone. The East Trend is subparallel to the West Trend and has been traced for approximately two kilometres. This structural corridor is host to the President's, Miramonte and Northeast Zones. 170 chip channel and grab samples were taken throughout the property. The results are pending and will be reported upon receipt from the laboratory and compilation into the Company's database. Subject to positive assay results, the next phase of work at Jericho is expected to include drill target definition and the initiation of the permitting process. The Company has not independently verified these historical results. Kenneth Tullar, C.P.Geo., a consultant to the Company and an independent Qualified Person, as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), has reviewed and approved the scientific and technical information contained in this news release. 
