Paycore Minerals Inc. announced exploration drilling results from the Company's 100%-owned FAD Property located on the Battle Mountain-Eureka Gold Belt in Nevada, USA. Paycore owns 100% interest in the high-grade, polymetallic, FAD project located in one of the most prolific gold belts in the world, the Eureka gold district of Nevada. The Company is currently completing its Phase-1 drill program targeting two primary targets: high-grade polymetallic mineralization in the FAD Main Zone and near-surface oxide mineralization proximate to the historic Ruby Hill Mine workings, both with historical previous production.

Seven holes have been completed to-date with assay results having been received for the first five drill holes. Assays are pending for the remaining three holes and will be announced upon receipt. Based on the historic data, the FAD deposit has a mineralized footprint of approximately 1.5 x 1.5 km and is open in multiple directions.

Outside of the core deposit area, little to no exploration has been completed and its extensions are largely untested. Additionally, near-surface oxide mineralization is a priority target that was overlooked by previous operators and has the potential for widespread mineralization proximal to the historic high-grade underground mine that last operated more than 100 years ago. Hole GH21-05 was drilled in the core of the Main FAD Zone to confirm the high-grade nature of mineralization.

The hole is proximal to the historic non-43-101 resource and intercepted 21.1 g/t AuEq over 10.1m comprising of 6.0 g/t Au, 267.0 g/t Ag, 4.9 % Pb, 15.9 % Zn and 0.2% Cu. To date, all holes have intersected high-grade poly-metallic (Au, Ag, Pb, Zn) mineralization and demonstrate significant expansion potential. Previously announced drill holes can be viewed in the news release of the Company dated April 25, 2022.

The phase one exploration program is near completion and will consist of approximately 3,900 metres of drilling. A phase-two program consisting of approximately 3,800 meters is expected to commence thereafter.