| To: LoneClone who wrote (21066) | 5/25/2023 12:55:13 PM | | From: LoneClone | | | | Trek raises cash for lithium hunt
miningweekly.com
25th May 2023
By: Esmarie Iannucci
Creamer Media Senior Deputy Editor: Australasia
PERTH (miningweekly.com) – Minerals explorer Trek Metals will raise up to A$7.5-million in a share placement to fund a maiden drilling programme at Tambourah lithium project, in Western Australia.
The company on Thursday said it had received firm commitments for the placement of 75-million shares, priced at 6c each, from professional, sophisticated and institutional investors, to raise an initial A$4.5-million.
The company has also elected to accept oversubscriptions of an additional A$3-million in shares from directors of the company, and other investors introduced by the board, in a second tranche placement which would be subject to shareholder approval.
The share placement would include a one-for-three free attaching option, exercisable at 8.5c each and with an expiry date of two years from issue.
“This is a significant capital raising that will put Trek in a strong financial position as we embark on our maiden drilling programme at the Tambourah lithium project and progress exploration programmes across our other projects in the Pilbara,” said Trek CEO Derek Marshall.
“Tambourah is a hugely exciting target that has all the right ingredients for a lithium discovery, including high-grade spodumene rock chip of up to 3.07% lithium oxide, as announced by the company in October 2022 and November 2022, and we are very much looking forward to getting on the ground to get our maiden drill programme underway.
“2023 is set to be an exciting year for Trek, with plenty of targets to test. We now have a strong balance sheet to support these programmes and I would like to sincerely thank all our shareholders for their support,” Marshall added.
In addition to the maiden lithium exploration, Trek will also use the funds for ongoing metallurgical test work and resource infill and extension drilling at its Hendeka manganese project. |
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| To: LoneClone who wrote (21067) | 5/25/2023 2:41:39 PM | | From: LoneClone | | | | Homerun Resources Executes LOI for High-Purity Quartz Silica Sand Supply in Brazil
newsfilecorp.com
Vancouver, British Columbia--(Newsfile Corp. - May 23, 2023) - Homerun Resources Inc. (TSXV: HMR) ("Homerun" or the "Company") is pleased to announce that the Company executed a Letter of Intent (LOI) on May 22, 2023 to document the general terms of a Material Supply Agreement (the "Material Supply Agreement") between Homerun Resources Inc. ("HMR") and the vendor ("Vendor") concerning the supply of silica sand and is subject to negotiation and execution of the Material Supply Agreement between the parties. The execution of the Material Supply Agreement will be subject to the following conditions:
The purchase price will be US$20.00 per tonne net of recoverable costs and sales taxes and export taxes. The Parties agree to exercise their best efforts to conclude and execute the final form of the Material Supply Agreement within 30 calendar days of the date of this LOI. Each Party obtaining all necessary and appropriate governmental, regulatory, contractual, board of director, shareholder, member and other third-party licenses, permits, approvals and/or consents which are required to execute the Material Supply Agreement. Such other necessary and appropriate conditions as the parties shall mutually agree during their final negotiations of the Material Supply Agreement.
Brian Leeners, Director and CEO stated, "This Supply Agreement is part of the Company's plan to build a globally distributed book of high-purity quartz (HPQ) silica sand supply. By accessing a reliable and abundant source of high purity quartz, we can ensure a stable supply chain and secure a competitive advantage in meeting the increasing global market demands. The Company's plan is to procure HPQ silica through company-owned resources, joint ventures and other collaborations, including open market purchases. The Company is currently in discussions with several additional current and future HPQ silica producers to build regional supply for the Company's global initiatives."
The Vendor has provided extensive third-party testing that verifies and demonstrates that the raw silica sand grade averages +99.8% SiO2 and contains very low levels of impurities. The Company will now initiate testing on the reduction of the remaining impurities by applying advanced chemicals and thermal processing (through a combination of calcination and acid leaching). Also, the applicability of the material for ultra-clear silica glass will be assessed by laboratory melting tests.
High-Purity Quartz (HPQ)
Quartz is one of the most abundant minerals and occurs in many different geological settings. However, very few deposits are suitable for HPQ applications. Therefore, HPQ silica sand has become one of today's most sought-after key strategic minerals for applications in high-tech industries, including semiconductors, photovoltaic (PV) cells and solar panels, high temperature lamp tubing, telecommunication & optics, microelectronics, and, energy storage applications. As these industries continue to experience rapid growth and technological advancements, the demand for high-purity quartz is expected to rise significantly.
Beneficiation of raw quartz into refined high purity products involves several steps which need to be adapted to minimize the specific impurities of the individual raw quartz feed in line with the end-use application. As a result, high-purity quartz with impurity levels of less than 20ppm per tonne can be achieved.
The prospects for HPQ are promising. Emerging technologies, such as advanced semiconductors, current and next-generation solar, and high-performance electronics, will increasingly rely on HPQ in their manufacturing processes. Moreover, as environmental concerns drive the shift towards renewable energy and energy-efficient technologies, the demand for HPQ in solar and other clean energy applications is expected to rise. By strategically investing in HPQ supply now, HMR is positioned to capitalize on these future opportunities and maintain a strong market presence in the years to come.
About Homerun Resources
Homerun Resources is focused on the development of its business within the critical elements and energy metals sectors.
On behalf of the Board of Directors of
Homerun Resources Inc.
"Brian Leeners"
Brian Leeners, CEO & Director
brianleeners@gmail.com / +1 604-862-4184 (WhatsApp)
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved or disapproved the contents of this press release. |
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| To: LoneClone who wrote (21068) | 5/25/2023 2:44:17 PM | | From: LoneClone | | | | Jaxon Reports on Petrographic Study Confirming Discovery of High-Grade Antimony Mineralization at the Kispiox Mountain Project; and Receives $741,000 Mineral Exploration Tax Credit
newsfilecorp.com
Vancouver, British Columbia--(Newsfile Corp. - May 23, 2023) - Jaxon Mining Inc. (TSXV: JAX) (FSE: 0U31) (OTC Pink: JXMNF) ("Jaxon" or the "Company") is pleased to announce the results of a petrographic study confirming the discovery of high-grade antimony mineralization at the Kispiox Mountain Project. Conducted by John G. Payne, Ph.D., P.Geo., of Surrey, B.C, Canada, the study describes the petrography of sampled stibnite mineralization and confirms the discovery of three high-grade stibnite-bearing epithermal zones in the propylitically altered areas above what the Company's model concludes to be another deeper Cu-Ag-Au, Zn-Mo porphyry mineralized system; geologically analogous to Jaxon's Netalzul Mountain and Red Springs porphyry targets.
The discovery of the three zones of massive to disseminated sulfides high-grade antimony epithermal mineralization at the Kispiox Mountain Project was made in 2021. Assay results of the rock samples collected from the outcrops were released March 10, 2022 (Figures 1-2, Table 1).
api.newsfilecorp.com
Antimony is listed on the critical mineral lists published by the governments of USA, Canada, and European Union. According to the United States Geological Survey (https://api.newsfilecorp.com/redirect/nvr7Nh2yeK), in 2022, China accounted for 54.5% of total antimony production, followed by Russia (18.2%) and Tajikistan with (15.5%).
Figure 1. Three Sb sulfide-quartz mineralization zones (KS zones 1, 2 and 3) at Kispiox Mountain Project.
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Table 1. Sample Details from Petrographic Study Report of Kispiox Mountain Project
| Sample ID | Description | Ag ppm | Au ppm | Cu ppm | Pb ppm | Sb ppm | Zn ppm | | A0027254 | 10-15 cm wide vein, antimony, stibnite, massive sulfide | 0.7 | 0.02 | 95 | 68 | 296900 | 18 | | A0027255 | Composite sample, 10 m wide, hornfels with disseminated sulfides, mainly antimony | 1.1 | 0.03 | 94 | 13 | 3300 | 36 | | A0027274 | Silicified dacite dyke with quartz veins and stibnite veins, 2m chip sample. Str. fractured. The width of stibnite veins varies from 10 cm to 0.5 mm. High grade, containing four wide stibnite veins, 10 cm, 3cm, <1cm, <1cm, and many stibnite veinlets | 0.5 | <0.01 | 55 | 41 | 64800 | 70 | | A0027275 | 2-meter chip sample, containing three stibnite veins, 5 cm, 3 cm, <1cm, and many stibnite veinlets | 0.5 | <0.01 | 27 | 12 | 9037 | 37 | | A0027276 | 2-meter chip sample, containing one wide stibnite veins, 3cm, and many stibnite veinlets | 0.5 | <0.01 | 48 | 13 | 1860 | 75 | | A0027277 | Four parallel quartz-stibnite veins within 2 m width, Strike: 5°, Azimuth: 95°, Dip: 60~65 °. First vein 15 cm wide, 4-meter west of second vein | <0.5 | <0.005 | 31 | 77 | 27550 | 741 | | A0027278 | Second vein. 3~5 cm wide, 1.5 m west of third vein | <0.5 | <0.005 | 59 | 52 | 7678 | 114 | | A0027279 | Chip sample, including third vein and fourth vein. Third vein: 5 cm, Fourth vein: 10~15cm. Vein interval: 1.5 m. | <0.5 | <0.005 | 18 | 19 | 12340 | 55 | | A0027282 | Sb mineralization zone, 8 m wide composite sample with multiple several cm - < 1 cm quartz-sb veins | 1.1 | 0.02 | 68 | 38 | 1833 | 46 | | A0027283 | <0.5 | 0.009 | 52 | 8 | 5884 | 38 | | A0027284 | <0.5 | 0.022 | 63 | 25 | 1869 | 51 |
Highlights of Petrographic Study at the Kispiox Mountain Project
Three petrographic samples (A0027274, A0027275A and A0027275B) from the KS Zone 2 are of massive to disseminated sulfides.Sample A0027274 is zoned, with more abundant patches of finer grained quartz with minor sericite and stibnite and less abundant, coarser grained patches of quartz, stibnite, and calcite, with minor pyrite. Two discontinuous proximal veinlets are of stibnite with envelopes of acicular grains of an unknown mineral (A), probably stibnite, in which grains are oriented perpendicular to the veinlet walls (Figures 3-4).Sample A0027275 (A) contains a large band in the centre of altered host rock dominated by very fine grained, in part elongate prismatic quartz, with disseminated patches of sericite and scattered patches of calcite, of pyrite, and of stibnite. A small patch is of calcite with a thin rim of sericite. The vein material is of fine to medium grained quartz and stibnite, with quartz commonly having euhedral terminations against stibnite (Figure 5). Sample A00275275 (B) contains scattered patches up to a few mm across of altered host rock (hornfels) consisting of one or more quartz, sericite, and calcite. These are contained in a vein that is dominated by quartz with abundant stibnite along one side of the section (Figure 6).
The petrographic study shows the mineralization at Kispiox Mountain is dominated by quartz-stibnite veins with lesser amounts of carbonate minerals (calcite) and minor amounts of pyrite with very strong siliceous and phyllic alteration.
Mineral Exploration Tax Credits
The Company is pleased to announce that in February 2023 it received its British Columbia Mineral Exploration Tax Credit ("BCMETC") in the amount of CAD$741,890.96, generated from qualified exploration incurred in 2021. The BCMETC is calculated as 20% of qualified mining exploration expenses incurred in BC by eligible corporations, with an enhanced rate of 30% available for qualified mineral exploration undertaken in prescribed Mountain Pine Beetle affected areas. The BCMETC reduced Jaxon's qualified exploration costs by the amount of the credit.
The Critical Mineral Exploration Tax Credit ("CMETC") is a new 30% investment tax credit available to investors. The credit would apply to specified exploration expenditures renounced to investors under eligible flow through share agreements. The CMETC doubles the 15% non-refundable tax credit previously available to investors under the existing Mineral Exploration Tax Credit ("METC"). The CMETC applies to 15 critical minerals, including copper and zinc. The predominance of copper and zinc in the porphyry systems which Jaxon is targeting at the Hazelton Property should qualify the Company to raise funds under the new CMETC requirements. The CMETC will be a valuable tool in assisting the Company in raising funds to support continued exploration and planned confirmation drilling programs at the Kispiox Mountain, Netalzul Mountain and Red Springs projects on the Hazelton Property.
Mr. John King Burns, CEO of Jaxon Mining, commented, "The Company wishes to thank Dr. Payne for his petrographic report. This study is part of Jaxon's systematic approach to exploration in advance of confirmation drilling. The petrologic results, together with the geological mapping, soil geochemistry and magnetic survey results, already in hand, will be used to design a backpack and portable rig drilling program."
"These high-grade antimony results confirm the pervasive nature of mineralization at Kispiox Mountain. Given what we know, we may have discovered what is potentially the largest, high-grade, pure antimony deposit in North America sitting on top our third major porphyry target. A further systematic soil and sulfide rock outcrop channel sampling program followed by backpack and portable rig drilling are planned for the summer of 2023. The elevated values of Cu, Mo, Pb. Zn, and As elements in the strongly oxidized hornfels suggest a potential genetic relation between the epithermal stibnite mineralization and a deep porphyry system at Kispiox Mountain."
Figure 2. Chip samples taken from across six metres at KS zone 2 outcrop at Kispiox Mountain Project.
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Figure 3. Thin section of sample A0027274, intergrowth of quartz, stibnite (showing strong anisotropism), calcite, minor sericite, and a patch of pyrite; numerous cavities.
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Figure 4. Thin section of sample A0027274, aggregate of quartz with a few patches containing minor to accessory sericite, disseminated patches of stibnite; veinlet of stibnite with envelope containing abundant acicular grains of an unknown mineral (A; probably stibnite) oriented subperpendicularly to the veinlet.
To view an enhanced version of this graphic, please visit:
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Figure 5. A0027275A, altered host rock/early vein: quartz with disseminated patches of sericite, single grains and a cluster of pyrite, and a patch of calcite-(limonite) that was moderately lost from the section due to plucking; coarser grained zone of quartz at the bottom is the edge of the vein (reformatted).
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Figure 6. Intergrowth of stibnite (showing anisotropism) and quartz, with minor calcite.
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About Kispiox Mountain Project
Location
The Kispiox Mountain project is located approximately 16 km northwest of New Hazelton, BC, and 70 km northwest of Smithers, BC. It is one of seven projects 100% owned by Jaxon Mining Inc.
Figure 7. Map of the Hazelton Property, near Smithers, British Columbia
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Historical Works
Limited historical work has been carried out at the Kispiox project area. Only one Minfile showing ("Date") is recorded on the Kispiox project area.
The Date showing is located on the southeast flank of Kispiox Mountain, 19 kilometers northwest of Hazelton. The area is underlain by sedimentary rocks of Late Jurassic Bowser Lake Group, which intruded by small granodiorite body of the Late Cretaceous Bulkley Intrusions. Noranda Exploration Company Limited carried out exploration activities on the Date showing area due to anomalous molybdenum contents in silt samples and trace chalcopyrite observed in the field. During July 1981 and 1983, Noranda Exploration Company Limited conducted geological and geochemical surveys on the Date showing area. 195 soil samples and 6 rock samples were collected and analyzed in 1981, and 18 rock samples were collected and assayed in 1983. Anomalous Au, Ag, Cu, Mo, Pb, and Zn were found in various rock and soil samples. Due to the rugged nature of the terrain, the exploration work was of a limited extent (P. McCarter, 1981 and Delbert Myers, 1983).
There has been no previous trenching and drilling sampling at the Kispiox area.
Geology
The Kispiox project is underlain by a series of sedimentary strata of the Late Jurassic Bowser Lake Group and Lower Cretaceous Kitsuns Creek Formation of Skeena Group, which have been intruded by numerous Late Cretaceous porphyritic intrusions of Bulkley Plutonic Suite.
Mineralization
The associated quartz-sulfide veins are centered on the area of most abundant intrusive rocks, and the veins are most prevalent along the margins of the intrusions and sheared contact zones (P. McCarter, 1981). A great amount of stibnite was observed in the veins, and trace amount of very fine-grained chalcopyrite and molybdenite were also noticed within and adjacent to the veins. The sulfides are mostly fine-grained and disseminated in the veins. Pyrite is common on the quartz veins, and as fracture coating in the hornfels.
Taking into consideration the widespread rusty pyritic zone, intrusive dikes and plugs, mineralized quartz veins, and anomalous Cu, Mo, Sb values, a porphyry-epithermal Sb-Cu-Mo system is interpreted to exists at the Kispiox project.
Sample Preparation and Analyses
Chip and prospecting samples were collected in the field by experienced, professional prospectors and geological staff who selected hand samples from outcrops, chip samples, boulder, and talus debris samples suitable for slabbing by rock saw. The samples were numbered, described, and located in the field for follow-up. Numbered rock samples tags were placed inside each bag, securely closed for transport to the Company's secure cold storage locked facility in Smithers, B.C. Representative sample slabs were cut from large specimens and halved rock samples so that portions of select samples could be saved for the Company's rock library, descriptive purposes, and petrographic study. MS Analytical of Langley, B.C. received the Rice Bag shipments after secure transport from Smithers. Samples were prepared by crushing, grinding, and pulverizing to a pulp with barren material washing between each sample at the crush and pulverizing stages. Then 20 g of pulp was used for the (IMS-117 code) ultra-trace level ICP/MS AR digestion method, and four acid 0.2 g ore grade ICP - AES method (ICP-240) and for the overlimit gold the FAS-415 method of 30 g fusion Gravimetric method was used to report gold ASSAYS. Overlimit silver is determined by Fire ASSAY 415 method. Laboratory standards and QA-QC is monitored by the Company.
Qualified Person
Yingting (Tony) Guo, P.Geo., President and Chief Geologist of Jaxon Mining Inc., a Qualified Person as defined by National Instrument 43-101, has reviewed and prepared the scientific and technical information and verified the data supporting such scientific and technical information contained in this news release.
About Jaxon Mining Inc.
Jaxon pursues the discoveries of deeper, under cover, commercial scale and high-grade Cu, Au, Ag, polymetallic porphyry epithermal systems. Jaxon has seven large-scale porphyry system targets on its 100% controlled Hazelton property, an interconnected network of concessions spanning ~730 km2 in the Skeena Arch in northwest British Columbia, Canada. The Company's flagship projects Netalzul Mountain and Red Springs are drill ready. The Kispiox Mountain and Blunt Mountain projects both host extensive and high-grade occurrences of antimony, a strategic and critical metal as designated by the governments of Canada and United States.
ON BEHALF OF THE BOARD OF DIRECTORS
JAXON MINING INC.
"John King Burns"
John King Burns, Chairman
For more information, please contact:
Investor Relations
Kaye Wynn Consulting
T: 604-558-2630
TF: 1-888-280-8128
E: info@kayewynn.com
Corporate & Investor Relations
T: 604-424-4488
E: info@jaxonmining.com
www.jaxonmining.com
This news release may contain forward-looking information, which is not comprised of historical facts. Forward-looking information involves risks, uncertainties, and other factors that could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release may include but is not limited to, the Company's objectives, goals, or plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. No assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. |
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| To: LoneClone who wrote (21069) | 5/25/2023 3:01:51 PM | | From: LoneClone | | | | [Lithium]
Rockland Resources Receives Permit Approval for Maiden Drill Program on The Lithium Butte Property
accesswire.com
Wednesday, May 17, 2023 8:00 AM
VANCOUVER, BC / ACCESSWIRE / May 17, 2023 / Rockland Resources Ltd. (the "Company" or "Rockland") (CSE:RKL) is pleased to announce the approval of the Notice of Intention to Commence Exploration ("NOI") for a maiden drill program on the Lithium Butte Property, located in Juab County, approximately 185 kilometres southwest of Salt Lake City, Utah. Approval was issued by the State of Utah, Department of Natural Resources, Division of Oil, Gas and Mining ("DOGM"), in conjunction with the Bureau of Land Management ("BLM"). This also includes a cultural review by the BLM Fillmore, Utah field office. The proposed reverse circulation ("RC") drill program is designed within a 2.23 acres disturbance area and the required reclamation surety (bond) of US $40,100 will be posted shortly.
The Lithium Butte Property hosts claystone volcanic tuff breccia units interpreted to be highly prospective for lithium (Li), beryllium (Be) and rare earth mineralization. Company sampling has returned up to 4,080 parts per million lithium (ppm Li) from a grab sample and channel sampling returned 25.2 metres at 1,388 ppm Li, including 8.0 metres at 2,155 ppm Li and 0.7 metre at 3,540 ppm Li. Multiple prospective targets have been indicated and the maiden RC program is designed to test for both lithium and beryllium mineralization.
Mr. Mike England, Chief Executive Officer of the Company, states: "We are grateful to the DOGM and the BLM for an efficient and professional permitting process. We are looking forward to completing the first modern (since the 1960s) drill program on multiple targets on the Lithium Butte property this summer."
Juab County is an active exploration and mining area, with 61% of global beryllium produced by Materion Resources from the Spor Mountain mine, gold exploration and high-grade mining at the Tintic Mine by Osisko Development Corp, and drilling and exploration at the Tintic project by Ivanhoe Electric. (Utah Geological Survey Circular 134, 37 p., doi.org
Program QA/QC - Samples taken to date were transported in sealed bags by the Company personnel and shipped to Activation Laboratories ("Actlabs") in Ancaster, Ontario. Actlabs is an independent ISO/IEC 17025 certified laboratory. Li analysis was performed using sodium peroxide fusion and inductively coupled plasma mass spectrometry (ICP-MS). As part of the QA/QC program Rockland geologists included blanks and certified reference materials (CRM) with the soil samples. No significant issues with blanks or CRMs were noted.
Lindsay Bottomer, P.Geo., a Qualified Person as defined in NI43-101, is responsible for reviewing and approving the geological contents of this news release.
About Rockland Resources Ltd.
Rockland Resources is engaged in the business of mineral exploration and the acquisition of mineral property assets for the benefit of its shareholders. In addition to the Utah Lithium Property, the Company holds an option to acquire the 41,818-hectare Elektra claystone project concessions that are contiguous with Gangfeng Lithium's Sonora Lithium Clay Project located in Sonora, Mexico. The Company also now owns 100-per-cent of the Cole Gold Mines property, located in Ball township, Red Lake mining division, Ontario. The Cole Property hosts high-grade gold mineralization in a classic Red Lake-type structurally controlled gold deposit environment.
On Behalf of the Board of Directors
Mike England
CEO, Director
For further information, please contact:
Mike England
Email: mike@engcom.ca
Neither the Canadian Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).
SOURCE: Rockland Resources Ltd. |
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| To: LoneClone who wrote (21070) | 5/25/2023 3:11:11 PM | | From: LoneClone | | | | CAT Provides Update on Its Gold Jackpot Property in Nevada; Lithium and Tellurium Add Significant Interest to Known Gold-Silver-Copper Porphyry System
accesswire.com
Tuesday, May 23, 2023 8:30 AM
CAT Strategic Metals Corporation
www.catstrategic.com
- New Focus on Lithium and Tellurium Exploration
- Initial Gold Jackpot Drill Targets Identified
- NI 43-101 Technical Report on Gold Jackpot Underway
VANCOUVER, BC / ACCESSWIRE / May 23, 2023 / CAT Strategic Metals Corporation (CSE:CAT)(OTC PINK:CATTF)(FRA:8CH) ("CAT" or the "Company") announces that it is concentrating financial and human resources on further exploration of the Company's Gold Jackpot Project ("Gold Jackpot") in Elko County, Nevada, throughout the Spring, Summer, and Fall in order to better understand how this property might relate to the lithium discovery reported by Surge Battery Metals Inc. ("Surge") on its Nevada North Lithium Project located close by.
CAT & SURGE Properties Mineralization
Gold Jackpot is located less than 1.7 miles from Surge's property, which announced strong lithium results in a series of news releases beginning in December of 2022, and as recently as May 16, 2023. CAT's Gold Jackpot property is comprised of 61 consolidated claims, covers 510 hectares (1,260 acres) and sits on surface of the Idavada Formation tuffs, previously mapped by the USGS. This is the same geological setting in which Surge reported its lithium discovery.
Gold Jackpot has had substantial historical exploration completed from the 1980's to early 2000's, which was predominantly focused on delineating an area of gold-silver-copper mineralization but was never explored for lithium specifically. However, the most recent review by CAT consulting geologist, Rick Redfern, of rock chip sampling contained in the database identified 6 samples with unexpected highly anomalous values of lithium; up to 158.5 ppm. These chip samples - which were collected as part of previous regional gold exploration activities - demonstrate the unexpected strong potential for a lithium discovery for CAT, given what Surge has discovered on its property. Other additional historic assay results returned gold values up to 4.84 g/t, silver values of up to 239 g/t, and tellurium values of up to 339 g/t.
Further scrutiny of the available Gold Jackpot database revealed that from 1988-1990, Tenneco Minerals engaged in various exploration and sampling activities that included a 28-hole reverse circulation drilling program. These holes were mostly very shallow, +/- 100 metres, and were designed to test for open-pitable gold and silver contained in strongly altered Paleozoic host rocks in an area right in the middle of the property. Following this drill program Tenneco abandoned the project and the area is now known as the Stag's Leap Porphyry-Diatreme Target, which was identified as such by Mr. Redfern.
Gold Jackpot Initial Drill Program
Surge's highest grade lithium zone in the formation, reported thus far, has values in excess of 5,000 ppm and recent drilling shows local thicknesses in excess of 100 feet, with the main body showing a North-South trend that is possibly indicative of structural control by N-S feeder faults. Fault lines within this specific lithium type deposit have been considered traps for more concentrated lithium brines. Gold Jackpot shows the same late N-S faulting that could have acted as traps, or feeder faults, for the formation of lithium deposits. Alternatively, these N-S faults could have been hydrothermal vent structures that fed volcanic-related hydrothermal lithium-rich fluids up from depth. What is also interesting is that Surge has reportedly identified only one N-S fault trend on its property, while three of the same N-S trending mineral systems have been identified on Gold Jackpot.
As a result of this new information, the Company will immediately commence the planning of a follow up exploration program that may include drilling to test these exciting and unexpected targets. In fact, CAT already has three initial drill targets on the Stag's Leap system that have been identified as ground zero on which to initiate an exploratory drilling program.
Gold Jackpot NI 43-101
Due to the elevated importance - in light of recent drill results in the area - of continuing exploration on Gold Jackpot, CAT has moved to produce an NI 43-101 Technical Report on the property and has engaged Patrick Laforest to produce the report. Mr. Laforest has worked closely with CAT in the past and was the consulting geologist and Project Manager of the drill program conducted last year on the Company's Burntland Project in Northern New Brunswick. Mr. Laforest is also a Qualified Person as defined by the definition prescribed in NI 43-101.
According to CAT CEO, Robert Rosner, "Our Gold Jackpot property has come into focus as much more of a current priority as a result of the discovery of lithium on the Surge property. Mining exploration in Nevada is much easier, and far more accessible than it is in northern Saskatchewan, where our South Preston Lithium project is located. We are very excited to see what further exploration activities uncover on Gold Jackpot and have begun the planning process to get to work on the ground as quickly as possible."
Mr. Richard R. Redfern, M.S., C.P.G. No. 10717, is the qualified person as defined by National Instrument 43-101 who has examined the property on the ground, and who reviewed the geological information available from public sources related to the property, and is responsible for approving the technical contents of this press release..
About CAT Strategic Metals Corporation (CAT)
CAT Strategic Metals' corporate strategy, as reflected in its overall Mission Statement, is to source, identify, acquire and advance property interests located in mineral districts proven to have world-class potential, primarily for gold and copper. In addition to the priority South Preston Uranium Project, CAT is focused on advancing the Burntland Project located northeast of St. Quentin in the Restigouche County, New Brunswick, Canada, directed at the exploration and development of several Skarn-hosted copper-silver, gold targets and the Gold Jackpot strategic metals property located NE of Elko, Nevada, in the Pequop gold-copper-lithium trend with multiple targets for gold-silver, copper, tellurium , and potential uranium. CAT's shares trade on the Canadian Securities Exchange (CSE) under the trading symbol "CAT", and on the Frankfurt Stock Exchange under the symbol "8CH".
ON BEHALF OF THE BOARD
Robert Rosner
Chairman, President & CEO
Further information regarding the Company can be found on SEDAR at www.SEDAR.com, by visiting the Company's website www.catstrategic.com or by contacting the Company directly at (604) 674-3145.
Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
We seek safe harbour.
SOURCE: CAT Strategic Metals Corporation |
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| To: LoneClone who wrote (21071) | 5/26/2023 12:48:19 PM | | From: LoneClone | | | | [Vanadium] Blue Sky Uranium Provides an Update on Activities at its Amarillo Grande Uranium Project, Argentina
newswire.ca
Blue Sky Uranium Corp. 24 May, 2023, 07:00 ET
TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF
VANCOUVER, BC, May 24, 2023 /CNW/ - Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), "Blue Sky" or the "Company") is pleased to provide an update on exploration and development work carried out at its wholly owned Amarillo Grande Uranium-Vanadium Project in Rio Negro Province, Argentina ("AGP"), which includes the Ivana uranium-vanadium deposit.
Ivana Process Design Testwork
As an update to the process design testwork program for Ivana (see April 6, 2021 News Release), uranium/vanadium leach tests have been completed on the ~294 kg averaging 530ppm U3O8 composite bulk sample #2 prepared from RC chips from the Ivana deposit. The optimized leach conditions were 60 g/L Na2CO3 and 10 g/L NaHCO3, at 95°C for 8 hours. For these new tests, uranium recovery for the alkaline leach stage was 96%, vanadium recovery was 35%.
In December 2018, Blue Sky completed a first set of process design tests for the Ivana uranium-vanadium mill. Based on this test work, the overall process plant recovery was 85% for uranium (derived from 89% leach feed preparation recovery and 95% subsequent alkaline leach circuit recovery); and 53% for vanadium (derived from 89% leach feed preparation recovery and 60% subsequent alkaline leach circuit recovery) (see February 7, 2019 News Release, filed on SEDAR).
Preparations are underway for testing the next step in the milling process: membrane filtration. Four litres of leach solution have been prepared for the small-scale membrane filtration tests, which will identify the best nanofiltration and reverse osmosis membranes for the process. Leaching of the remainder of mineralized sample #2 is underway to provide feed for the larger scale membrane filtration operation, which will provide solutions for subsequent solvent extraction tests.
Ivana Resources and Studies
Modelling work using external consultants has been advancing to evaluate the impact of the additional 3,346m of drilling in 350 RC drill holes and additional density measurements carried out in 2022 on the projects' current mineral resources and the PEA completed in 2019. This work was carried out to refine the boundaries of the deposit and to potentially upgrade the category of mineral resources from inferred to indicated where possible.
Ivana East Drilling Program
The previously announced RC drilling at Ivana East has been delayed due to technical issues with the drilling rig and will resume once it has been repaired. This program is part of the Company's staged approach to evaluating targets with-in several tens of kilometres from the Ivana deposit that could add to the projects resource base.
Ivana Central Drilling Program
Drilling at Ivana Central was initially launched in 2020, later suspended due to pandemic effect, and finally completed in 2022. The program totaled 2,607m of drilling in 43 scout holes ( Figure 1); the first 6 holes drilled in 2020 were reverse circulation (RC) holes, the following 36 holes were drilled by direct circulation (DC) due to the geological conditions, and the last (AGIC-043) was drilled DC for the initial 31m and was completed as a diamond drill hole with core recovered. Radiometric borehole surveys were run from hole AGIC-007 to AGIC-043. It was not possible to survey the initial 6 RC holes due to the geological conditions. All holes were vertical, and due to flat strata, sample results are believed to approximate true thickness.
Based on borehole radiometric anomalies and chip logging, the target REDOX front is understood to have been intercepted in 18 holes, delineating a +2.4km long and +1km wide NNW-SSE corridor at between 40m and 60m, open to the north and south (see Figure 2 and Figure 3). This REDOX front is characterized by "black" sandstones with organic matter and disseminated pyrite, accompanied by radiometric anomalies in most cases. This "black sand" horizon was initially identified at hole AGIC-01, where it yielded 1m @ 120ppm U3O8 at 46m in depth.
A total of 281 1m samples were collected from RC holes AGIC 001-006; Uranium ranged from less than detection to 120 ppm U3O8 in 1m samples. Only 56 cutting samples were recovered from the scout drillholes AGIC -007 to AGIC 042 due to recovery limitations; samples recovered from these holes designed for prospecting have potential for contamination due to the DC drilling technique employed. Uranium ranged from less than detection to 32 ppm U3O8 from 1m samples. Radiometric probe results ranged up to 1442 cps (AGC-028), a result consistent with uranium results in the 150 ppm U range based on correlation with other drilling on the project (see Table 1).
Hole AGIC-043, the last in the program, was drilled in order to better define and assess the geological characteristics of the REDOX front with anomalous uranium and radiometric levels that had been intersected by previous DC drilled holes. The recovery of drill core in AGIC-043 permitted detailed logging of the geological units and the collection of better-quality samples. The hole cut predominantly fine tuffaceous sediments from surface to 38m in depth, and predominantly sandy sediments from 38 to 63m in depth, ending the hole with more fine tuffaceous material at 65m. The black sand horizon was intersected between 46 and 62m in depth, interpreted as the REDOX front. Multiple samples with elevated silver-cobalt-copper-uranium-tungsten were observed in the analytical results and, and in the case of the high-silver samples (0.35m at 2880 ppm Ag), the core permitted re-sampling of ¼ core for confirmation analyses. Highlights of the AGIC-043 drill results include:
1.0m at 43 ppm Ag, 47ppm Cu and 1.3 ppm U3O8 from 39m 0.35m at 2880 ppm Ag, 4720 ppm Cu and 16 ppm U3O8 from 46m 0.5m at 89 ppm Ag, 202 ppm Cu and 13 ppm U3O8 from 49m0.3m at 19 ppm Ag, 50ppm Cu and 72ppm U3O8 from 60.7m
Two additional discontinuous radiometric anomalous "black sand" horizons were intercepted at shallower depths in the 20-30m depth range in several holes. These black sand units correlate with chargeability anomalies identified in the IP Pole-Dipole surveys covering the area (see September 19, 2019 News Release, filed on SEDAR). Further follow-up of the projected extent of the REDOX front at Ivana Central and assessing of the high-grade silver potential is being carried out by the Company.
Ongoing Exploration Program
Regional prospecting mapping, sampling, and radiometric surveys have been carried out over the southern sector of the Amarillo Grande project. The program is collecting soil samples for detection of Pb-isotopic anomalies that may be related to uranium-sandstone type deposit or REDOX fronts. The exploration efforts are completed with pit sampling or auger drilling when uranium mineralization and/or radiometric anomalies are detected while mapping.
Assay Methodology and QA/QC
Drill samples were sent to ALS Argentina for preparation by drying, crushing to 70% <2mm, riffle splitter 250g and pulverize to 85% <75 µm. Pulps were sent to ALS Peru for analysis of multi-elements ultra-trace method combining four acid digestion with Inductively Coupled Plasma ("ICP") instrumentation. Digestion is performed on 0.25g of sample to quantitatively dissolve most geological materials. Analytical analysis is performed with combinations of ICP-AES (Atomic Emission Spectrometry) & ICP-MS (Mass Spectrometry, ME-MS61). Over limits for silver>100pm, were processed by HF-HNO3-HClO4 digestion with HCl leach, ICP-AES or AAS finish (OG62), meanwhile over limits >1500ppm Ag were analyzed by fire assay and gravimetric finish (GRA21). Gold was processed by fire assay and AAS (AA24). Approximately every 10th sample a blank, duplicate, or standard sample is inserted into the sample sequence for quality assurance/quality control ("QA/QC") purposes. The QA/QC internal assessment determined that analytical results reported herein are within standard industry limits.
Qualified Persons
The metallurgical program is conducted under the guidance of Chuck Edwards, P. Eng. FCIM, an independent consultant to the Company and a Qualified Person as defined in National Instrument 43-101. The contents of this news release have been reviewed and approved by Mr. Edwards.
The design of the Company's exploration program was undertaken by the Company's geological staff under the supervision of David Terry, Ph.D., P. Geo. Dr. Terry is a Director of the Company and a Qualified Person as defined in National Instrument 43-101. The contents of this news release have been reviewed and approved by Dr. Terry.
About the Amarillo Grande Project
The Company's 100% owned Amarillo Grande Uranium-Vanadium Project in Rio Negro Province, Argentina is a new uranium district controlled by Blue Sky. The Ivana deposit is the cornerstone of the Project and the first part of the district for which both a Mineral Resource Estimate and a Preliminary Economic Assessment have been completed. Mineralization at the Ivana deposit has characteristics of sandstone-type and surficial-type uranium-vanadium deposits. The sandstone-type mineralization is related to a braided fluvial system and indicates the potential for a district-size system. In the surficial-type deposits, mineralization coats loosely consolidated pebbles, and is amenable to leaching and simple upgrading.
The Project includes several other target areas over a regional trend, at or near surface. The area is flat-lying, semi-arid and accessible year-round, with nearby rail, power and port access. The Company's strategy includes delineating resources at multiple areas and advancing the project to prefeasibility level.
For additional details on the project and properties, please see the Company's website: www.blueskyuranium.com.
About Blue Sky Uranium Corp.
Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina. The Company's objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of surficial uranium deposits into low-cost producers, while respecting the environment, the communities, and the cultures in all the areas in which we work. Blue Sky has the exclusive right to properties in two provinces in Argentina. The Company's flagship Amarillo Grande Project was an in-house discovery of a new district that has the potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new international market supplier. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.
ON BEHALF OF THE BOARD
"Nikolaos Cacos"
_____________________________________
Nikolaos Cacos, President, CEO and Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. All statements, other than statements of historical fact, that address activities, events or developments the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the Company's plans for its mineral properties; the Company's business strategy, plans and outlooks; the future financial or operating performance of the Company; and future exploration and operating plans are forward-looking statements.
Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the impact of COVID-19; risks and uncertainties related to the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties in connection with mining activities; and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements, unless required pursuant to applicable laws. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.
SOURCE Blue Sky Uranium Corp.
 For further information: Corporate Communications, Tel: 1-604-687-1828, Toll-Free: 1-800-901-0058, Email: info@blueskyuranium.com |
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| To: LoneClone who wrote (21072) | 5/26/2023 12:58:40 PM | | From: LoneClone | | | | [REE] Aurion Stakes Properties Prospective for Gold and Critical Minerals in Northeastern Finland
newswire.ca
Aurion Resources Ltd. 23 May, 2023, 07:00 ET
Properties cover over 1,000 km2 in northeastern Finland and are prospective for:Gold – Auermavaara prospectLithium – Geological terrain considered prospective for lithium-cesium-tantalum (LCT) pegmatitesPhosphate and REE – Properties cover part of Sokli carbonatite complexCompany evaluating strategic options for the critical minerals opportunities
ST. JOHN'S, NL, May 23, 2023 /CNW/ - Aurion Resources Ltd. (TSXV: AU) (OTCQX: AIRRF) ("Aurion" or the "Company") announces that is has staked properties prospective for gold, lithium, phosphate and rare earth elements (REE) in northeastern Finland.
Summary
Properties cover over 1,000 km2 in northeastern FinlandUnexplored to underexplored regionGold – Auermavaara prospectUp to 10.4 g/t Au in grab samplesLithium – Geological terrain considered prospective for lithium-cesium-tantalum (LCT) pegmatitesHighly anomalous lithium in regional till samplingUnexplored region for lithiumPhosphate and REE – Properties cover part of the Sokli carbonatite complexHistoric drill intercepts in residuum of weathered bedrock include:13.51% P2O5 and 5.03% total rare earth oxides (TREO) over 12.00 m from 2.00 m8.53% P2O5 over 48.50 m from 23.10 m, including 14.79% P2O5 over 19.20 m from 23.10 m7.15% P2O5 over 57.90 m from 6.55 m, including 11.81% P2O5 and 18.30% Fe2O3 over 22.75 m from 6.55 m10.57% P2O5 over 22.90 m from 34.40 mHistoric drill intercepts in fresh rock include:4.23% P2O5 over 125.00 m from 54.00 m3.33% P2O5 over 189.40 m from 31.00 mHistoric trench result:10.42% P2O5 and 2.78% TREO over 39.10 mPart of the Kola Alkaline ProvinceCompany to evaluate strategic options for the critical minerals opportunities
Link to Figures: c212.net.
Comments
"Gold in Central Lapland is the top priority for Aurion, however, our prospect generation business continues to be active. We are pleased to add this large and underexplored land package prospective for gold and critical minerals," commented Matti Talikka, Aurion's CEO. "The recent introduction of the European Critical Raw Materials Act highlights the role of critical metals for renewable energy and electrification. We look forward to making a contribution to Finland's pursuit of these objectives. Our work in vanadium helped to launch Strategic Resources, now a significant multi-national development company in which Aurion holds a significant ownership stake. We will assess alternatives for this large portfolio of critical metal exploration opportunities and aim to repeat our success with Strategic."
Property Package
The extensive Savu property is located in northeastern Finland in the municipalities of Savukoski and Salla (Figure 1). The property package includes recently staked areas (two reservations) totaling 1,404.7 km2 and the Auermaa property comprised of 632.2 km2 in a reservation and two exploration permit applications.
The property covers several geologic domains that are considered prospective for several commodities including gold, lithium, phosphate and rare earth elements (REE) (Figure 2).
The property is considered to be largely unexplored to underexplored yet has significant road access to allow for cost-effective exploration.
Gold – Auermavaara Prospect
The Auermaa property includes the Auermavaara Au prospect, which was initially discovered in 1985 by Lapin Malmi Oy, a company that was co-owned by Outokumpu Mining Oy and Rautaruukki Oy. This prospect has seen limited exploration, but surface sampling by Aurion has returned from nil to 10.4 g/t Au in grab samples. In addition, historic till sampling has returned anomalous gold values and five historic drill holes intersected anomalous gold values up to 0.4 g/t Au. Historic information based on data in reports "M06/4714/2002/1/10" by the Geological Survey of Finland (GTK), "001/4713,4714/OI/88" by Lapin Malmi Oy and report "080/4714/OI/90" by Lapin Malmi Oy. Aurion considers the data to be relevant and reliable.
The gold mineralization is hosted by Archean metavolcanic and metasedimentary rocks and is interpreted to be associated with iron rich garnet bearing rocks that may represent metamorphosed silicate facies iron formation.
Lithium
The property package includes large areas that are considered prospective for lithium-cesium-tantalum (LCT) pegmatites. Historic geologic mapping data includes numerous observations of pegmatites in outcrops and in boulders, but the area has not been explored for lithium despite numerous anomalous lithium values in regional scale till sampling by the GTK.
Within the property bounds, a total of 493 regional scale till samples were collected between 1976 and 1988 (Regional till geochemistry data by the GTK, gtkdata.gtk.fi. The sampling was widely spaced with one sample approximately every 4 km2. Approximately 10% of the till samples returned values above 35 ppm Li, including 14 samples over 50 ppm Li to a maximum of 95.7 ppm Li and 35 samples ranging from 35 to 50 ppm Li. Cesium and tantalum were not included in the historic till analysis by the GTK.
The lithium in till values are comparable to the area in western Finland where a number of spodumene bearing pegmatites exist and a lithium mine and a processing facility to produce battery-grade lithium hydroxide is under development by Keliber Oy (a subsidiary of the Sibanye-Stillwater Group).
The prospective area for LCT pegmatites is mainly within an Archean geologic domain that comprises various metavolcanic and metasedimentary rocks, mafic to felsic intrusions including pegmatitic rocks. A potential analogue for the Archean domain is the Yilgarn Craton in western Australia that hosts the world class Greenbushes spodumene pegmatite deposits.
Phosphate and REE – Kaulus Prospect
The Kaulus phosphate and REE prospect is located in the northeast corner of the property and covers part of the Sokli carbonatite complex. The Sokli carbonatite complex belongs to the Kola Alkaline Province that extends from Russia to Finland. The Kola Alkaline Province contains a number of carbonatites with significant phosphate, REE and/or iron deposits (for example Kovdor and Khibina) of which many are currently or have been in production.
The limited and periodic exploration activities at the Kaulus prospect by the GTK have included mapping, till sampling, geophysical surveys, trenching and diamond core drilling. Aurion has acquired the exploration data sets from the GTK and considers the data to be relevant and reliable. Partial information on the exploration activities have been included in reports by the GTK (For example, Sarapää et. al. 2013, Exploration potential of hi-tech metals in Finland, 161/2013, GTK).
Trenching and drilling by the GTK returned several significant phosphate and REE mineralized intervals (Figure 3). Intervals with elevated iron contents have also been intersected. The phosphate mineralized lithologies include carbonatite and sovite and mineralization has been encountered in both fresh and weathered bedrock. Phosphate and REE grades in the residuum of weathered bedrock are higher compared to fresh rocks due to the weathering related secondary enrichment processes.
Highlight intervals from previous exploration activities by the GTK in the Kaulus area include:
Drill intercepts in residuum of weathered bedrock include:13.51% P2O5 and 5.03% *total rare earth oxides (TREO) over 12.00 m from 2.00 m (drill hole U5422014R30)8.53% P2O5 over 48.50 m from 23.10 m, including 14.79% P2O5 over 19.20 m from 23.10 m (drill hole U5422012R10)7.15% P2O5 over 57.90 m from 6.55 m, including 11.81% P2O5 and 18.30% Fe2O3 over 22.75 m from 6.55 m (drill hole U5422013R20)10.57% P2O5 over 22.90 m from 34.40 m (drill hole U5422016R44)Drill intercepts in fresh rock include:4.23% P2O5 over 125.00 m from 54.00 m (drill hole U5422012R3)3.33% P2O5 over 189.40 m from 31.00 m (drill hole U5422012R4)Trench result:10.42% P2O5 and 2.78% TREO over 39.10 m (trench U5422014R33) * Total rare earth oxides (TREO) include La2O3, CeO2, Pr6O11, Nd2O3, Sm2O3, Eu2O3, Gd2O3, Tb4O7, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3 and Y2O3.
The Kaulus prospect covers the southern part of the Sokli carbonatite complex. The main part of the Sokli carbonatite ("Sokli Project") is held by Finnish Minerals Group, a special-purpose company wholly owned by the State of Finland. The mineral reserves for the lateritic part of the Sokli Project currently stand at 133.3 Mt @ 12.21% P2O5 and 18.34% FeO, and the indicated mineral resource at 151.6 Mt @ 11.97% P2O5 and 18.60% FeO (Information sourced from mineralsgroup.fi, 20.5.2023,). Elevated levels of REE, vermiculite and manganese have also been observed. The Finnish Minerals Group is currently advancing technical and economic studies on their Sokli Project.
Next steps
The Company intends to compile and review the historical data and plan a surface mapping and sampling program to further assess the property during the upcoming field season. The Company will also evaluate strategic options for the critical minerals opportunities.
This news release has been reviewed by Andrew Hussey, P.Geo., GIS Geologist and Database Manager for Aurion Resources, a Qualified Person as defined by National Instrument 43-101. For more information on these projects please visit our website at www.aurionresources.com.
About Aurion Resources Ltd.
Aurion Resources Ltd. (Aurion) is a well-funded, Canadian exploration company listed on the TSX Venture Exchange (TSX-V: AU) and the OTCQX Best Market (OTCQX: AIRRF). Aurion's strategy is to generate or acquire early-stage precious metals exploration opportunities and advance them through direct exploration by our experienced team or by business partnerships and joint venture arrangements. Aurion's current focus is exploring on its Risti and Launi projects, as well as advancing its joint venture properties with B2Gold and Kinross in Finland.
On behalf of the Board of Directors,
Matti Talikka, CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Aurion Resources Ltd.
 For further information: Mark Santarossa, Vice President, Corporate Development, Cell: +1 (416) 371-1325, Email: msantarossa@aurionresources.ca |
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| To: LoneClone who wrote (21073) | 5/26/2023 1:00:48 PM | | From: LoneClone | | | | K9 Gold Signs Agreement to Add 3300 Ha to the JB Lithium Project, N. Quebec.
newsfilecorp.com
Vancouver, British Columbia--(Newsfile Corp. - May 24, 2023) - K9 Gold Corp. (TSXV: KNC) (FSE: 5GP) (OTCQB: WDFCF) ("K9" or the "Company") is pleased to announce that it has entered into a definitive share exchange agreement (the "Agreement") to acquire 1415322 B.C. LTD. ("141 BC") from the shareholders of 141 BC in exchange for an aggregate of 3,000,000 common shares (the "Company Shares") in the capital of the Company issued to the shareholders on a pro-rata basis (the "Transaction"). On closing of the Transaction, the Company will add 64 claims (3304 Ha) to its JB lithium project in the James Bay region of northern Quebec. This will bring the total project holdings to 5418 Ha in 105 claims. An aggressive summer exploration is now planned and is fully funded.
The Lac Joubert-Tilly (LJ-T) property (the "Property") is located approximately 60 km due east of the previously announced Rivière Salomon (RS) property on the JB Li Project. The LJ-T property is located approximately 400 km east-southeast of Radisson, Quebec, and is immediately adjacent to Winsome Resources recently announced Tilly Project (Winsome company release April 19, 2023). Other projects in the area include Allkem's James Bay lithium project, which recently received federal approval for development, Patriot Battery Metals Corvette project located 50 km to the west and Winsome Resources Lithium Adina project located approximately 40 km to the west. The LJ-T property is underlain by a package of Archaean rocks that is similar to the geological setting of the Corvette and Adina projects, and includes outcrops of Tilly pegmatites, a known host of lithium in the James Bay region.
About JB Lithium Project
The JB Lithium Project is located in the La Grande sub-province of the Archaean Superior Province in Quebec, and comprises two units, the Rivière Salomon property (see Company release November 15, 2022 for property details) and the newly acquired Lac Joubert - Tilly property.
Lac Joubert-Tilly (LJ-T) property
The LJ-T property is underlain mainly by the Archean Joubert Suite and the Salomon River formation. Where the Joubert Suite occurs on the property, it consists of a package of foliated, banded or gneissic biotite-tonalite and granodiorite. The Salomon River formation in the area consists mainly of paragneisses that have undergone moderate partial melting, with 10% or more mobilisate.
Within the property boundaries, the Salomon River formation has been intruded by at least five zones of Tilly Pegmatites which comprise pegmatitic granite with biotite-muscovite-tourmaline-magnetite-garnet assemblages. These pegmatites are a significant lithium target for other explorers in this area. They are in close proximity to the Joubert Suite tonalites which are believed to be the source of lithium in regional discoveries. A 2015 Quebec Government geological mapping program located at least six outcrops of pegmatitic granite, consistent with the Tilly Pegmatites. In addition, one outcrop of an ultramafic intrusive returned an assay of 77 ppm Li, along with 0.10% Ni and 0.30% Cr.
Rivière Salomon (RS) property
The Trieste Formation, which hosts lithium mineralization on the adjacent Adina property, transects the RS property. Within the property boundaries, this Meso-Archaean age formation is mainly an ensemble of mylonites and banded amphibolites derived from basalt, which have been intruded by various intermediate rocks. A significant band of tonalite, part of the Meso-Archaean age Kamusaawach Intrusion, cuts through the centre of the property. Also cutting through the claims is a band of the Neo-Archaean Richardie Suite, an intrusive biotite-magnetite-hornblende granodiorite. The northern portion of the property is underlain by the Neo-Archaean Sauvolles Pluton, which is mainly of granitic composition. There is also a prominent Paleoproterozoic-age mafic dyke (Senneterre dyke system) cutting through the north of the property with a NE-SW orientation.
During a regional mapping program in 2013 by Government geologists, one outcrop was collected sample from the property, reported in the Quebec Government's online geological database, SIGÉOM, an returned a value of 65 ppm Li.
K9 has recently completed a helicopter-borne magnetometer and VLF survey on this property. Results will be reported on completion of data interpretation.
Lac Joubert - Tilly acquisition terms
Pursuant to the Agreement, the Company will acquire from the shareholders of 141 BC (collectively, the "Shareholders") all of the issued and outstanding common shares in the capital of 141 BC, in exchange for 3,000,000 Company Shares, issued to the Shareholders on a pro-rata basis. Following the closing of the Transaction, 141 BC will be a wholly owned subsidiary of the Company.
141 BC is a party to an option agreement (the "Option Agreement") whereby, pursuant to the terms of the Option Agreement, 141 BC may acquire a 100% interest in the Property upon the completion of certain expenditures and cash payments.
The Transaction is subject to the review and approval of the TSX Venture Exchange (the "TSXV"). The Company anticipates closing the Transaction shortly after the approval of the TSXV.
About K9 Gold Corp
K9 Gold Corp has assembled a highly-experienced and dynamic team to explore its JB Lithium Project. K9 also operates the Stony Lake Gold Project in central Newfoundland. The project has been acquired from District Copper Corp by an option agreement, whereby K9 can earn up to a 100% interest in the project (see Company release dated July 30, 2020). The Company also owns a 100% interest in the Desert Eagle Vanadium-Uranium project located in the historic Henry Mountains Mining District in SE Utah. The area has seen extensive historic vanadium and uranium mining and is close to Anfield Energy Inc's Shootaring Canyon mill.
To ensure a safe workplace environment that protects the health and safety of employees and contractors, K9 Gold follows all federally and provincially mandated and recommended guidelines regarding Covid 19.
Chris M. Healey, P. Geo, Chief Geologist and a Director of K9 Gold Corp., is the qualified person under NI 43-101 guidelines who is responsible for the technical content of this release and approves its release.
Toll Free Number: (833) 434-GOLD (4653)
Kosta Tsoutsis
Director
K9 Gold Corp.
email: kosta@k9goldcorp.com
Telephone: 604 808-9134
Brian Morrison
Chief Financial Officer and Director
K9 Gold Corp.
email: brian@k9goldcorp.com
telephone: 604 312-6910
The Company is listed on the TSX Venture Exchange.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding K9's intention to continue to identify potential transactions and make certain corporate changes and applications. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits K9 will obtain from them. These forward-looking statements reflect managements' current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including K9's inability to identify transactions having satisfactory terms or at all and the results of exploration or review of properties that K9 does acquire. These forward-looking statements are made as of the date of this news release and K9 assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws. |
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| To: LoneClone who wrote (21074) | 5/26/2023 1:02:59 PM | | From: LoneClone | | | | Beyond Lithium Continues Expansive Sampling Campaign over Multiple Projects; Ongoing 2023 Phase 1 Exploration Program on Schedule and on Budget
HIGHLIGHTS
- The field crews are on track to complete the Phase 1 fully funded exploration program before August including prospecting, mapping, and sampling of all 64 properties in Ontario (Fig. 1).
- Since the beginning of the Phase 1 exploration program, three teams have covered a total of 15 properties including six properties in the Dryden Mavis Lake area, three properties in the McKenzie Bay area, three properties in the Mountairy and Hill Top Lake areas, and three properties in the Escape Lake area (Fig. 2).
- Exploration teams have now begin prospecting six properties in the Georgia Lake area around Rock Tech Lithium’s Georgia Lake deposit and Imagine Lithium Inc. and two properties in the Hearts area.
- A fourth team will be deployed in early June to the Case Lake area to prospect three properties around Power Metals’ Case Lake property.
- Historical drill core of three properties that intercepted pegmatites will be relogged and sampled by a senior geologist in June with results expected in July.
- The LiDAR survey on the Wisa property is anticipated to start in early June and the final report is expected to be delivered in July.
- Beyond has submitted 73 samples to a lab in Red Lake, Ontario for analysis with an additional 66 collected samples to be submitted for analysis shortly. (Fig. 3) The average turnaround time is expected to be about four weeks.
- Veteran geologist, Graeme Evans has been appointed as Technical Advisor.
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Winnipeg, Manitoba--(Newsfile Corp. - May 26, 2023) - Beyond Lithium Inc. (CSE: BY) (OTCQB: BYDMF) (the "Company" or "Beyond Lithium") is pleased to announce that its fully funded 2023 Phase 1 exploration program is progressing on schedule and on budget with prospecting and sampling surveys now completed at multiple properties, and ongoing sampling to continue in the weeks ahead over several additional properties across Ontario. Samples are being submitted to an accredited laboratory for analysis and additional sample submissions will follow as the Company's programs continue. In addition, the Company announces that it has further strengthened its technical team by appointing veteran geologist, Graeme Evans as Technical Advisor.
Allan Frame, President and CEO of Beyond Lithium commented: "I am glad to report that our technical team, under the leadership of our VP Exploration, Lawrence Tsang, is proceeding on schedule and on budget with our fully funded 2023 exploration program. I am also pleased to announce the appointment of accomplished geologist Graeme Evans as Technical Advisor. Both Lawrence and I have had the opportunity to work closely with Graeme on other exploration projects and feel his addition to our existing technical team will increase our ability to explore our entire portfolio comprehensively and effectively with a view to identifying and prioritizing drilling targets."
Graeme Evans graduated from the University of British Columbia Sc. Geology and has worked for more than 40 years in mineral exploration throughout North America. Graeme's experience includes grassroots to advanced feasibility programs exploring for porphyries, sedex, VMS, skarns, and mesothermal and epithermal gold systems for a number of senior mining companies including Hudson Bay Mining, B.P. Selco, Inmet, and more recently, Teck Resources between 1991 and 2009. With Teck, Graeme worked for several years on generative programs focused on gold and nickel projects in Ontario. Since 2009, Graeme has consulted for various junior companies including Ascot Resources from 2009 to 2018. Graeme is a registered Professional Geologist (P.Geo) in British Columbia and Ontario.
Phase 1 Exploration Program Update
The Phase 1 exploration program is designed to sample, map and assess over 500 mapped pegmatites across all 64 Beyond Lithium properties totalling over 150,000 hectares. Most of the properties are accessible via highways and logging roads which allow the field crews to prospect the properties efficiently. The field crews commenced the Phase 1 exploration program in southern Ontario and, as the melting snow conditions permit, are moving progressively north, towards the Pak & Spark deposit owned by Frontier Lithium and the McKenzie Bay area near Green Technology Metals' McCombe Deposit.
Figure 1: Locations of Beyond Lithium properties in Ontario in relation to Railway, Hydro Lines, and proximity to towns and communities
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The 64 Beyond Lithium properties located in Ontario (Fig. 1) are exploration properties that historically have not been prospected or explored specifically for Lithium or Lithium-Cesium-Tantalum pegmatites. Beyond Lithium has reviewed the historical and regional data available of all the properties and geo-referenced most of the mapped pegmatite outcrops. The main focus of the Phase 1 exploration program is to assess and systematically sample these mapped pegmatite outcrops, identify new pegmatite showings, and locate prospective regional or terrane structures.
Beyond Lithium commenced the Phase 1 exploration program with three crews prospecting around the Dryden-Mavis Lake district. Shortly after, two teams moved up to prospect three properties in the McKenzie Bay area and the third crew moved south to prospect in the Mountairy and Hill Top areas, as well as the Escape Lake area near Thunder Bay. Over the last two weeks, the three prospecting crews have covered a total of 15 properties (Fig. 2). The three teams will now begin prospecting in the Georgia Lake area and the Hearts area, while a fourth crew will be deployed to the Case Lake area to prospect three properties in early June.
Figure 2: Beyond Lithium Phase 1 prospected properties
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Around the Dryden-Mavis Lake area, white pegmatites measuring up to 5 metres in width have been mapped and sampled. Some pegmatites were also noted with green micas and minor garnet, showing encouraging signs that fertile granites may be nearby. Field notes from the other areas are being compiled and the first batch of 73 samples have been submitted to the lab with results expected in the coming weeks. The geochemical database will be compiled and updated as results become available. Ongoing analysis of the expanding database will assist in target delineation, and the prioritizing of properties for the Phase 2 program.
The re-examination and sampling of core from the historical pegmatite drill intercepts from three properties are expected to be completed in June of 2023 and could provide critical guidance for follow up drill targeting. Results are expected in July.
The LiDAR survey for the Wisa Lake property is anticipated to be conducted in early June of 2023 and the final report should be delivered by July. The LiDAR survey will provide a detailed digital elevation model (DEM) of the area which can be useful in identifying and prioritizing areas within the property evidencing the highly prospective combination of outcrop and structure.
Figure 3: Locations of grab samples of pegmatites in the Dryden-Mavis Lake area from the Phase 1 exploration program (assays pending)
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The Company has granted 50,000 incentive stock options (the "Options"), 1,450,000 stock appreciation rights (the "SARs"), and 535,000 restricted share units (the "RSUs") to certain directors, officers, and consultants of the Company subject to certain vesting requirements. Each Option is exercisable into one common share of the Company (a "Common Share") at a price of $0.33 per share upon vesting, for a period of one year from the date of grant. Upon vesting, each SAR entitles the holder to receive Common Shares in an amount equal to the difference in the fair market value of the Common Shares on the date of grant (i.e., $0.33 per share) and the market price of the Common Shares on the settlement date, for a period of one year from the date of grant. Each vested RSU entitles the holder to receive one Common Share.
All grants of Options, SARs, and RSUs are subject to the Company's omnibus equity incentive plan (the "Equity Incentive Plan"), which was approved by shareholders at the Company's annual general and special meeting of shareholders held on May 15, 2023 (the "Meeting"). A copy of the Equity Incentive Plan is included in the Company's management information circular in respect of the Meeting dated April 10, 2023 available via the Company's profile on SEDAR at www.sedar.com.
Qualified Person and Third-Party Data
The scientific and technical information in this news release has been reviewed and approved by Lawrence Tsang, P.Geo., VP Exploration of the Company. Lawrence Tsang is a "qualified person" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
About Beyond Lithium Inc.
Beyond Lithium Inc. is the largest greenfield lithium exploration player in Ontario with 64 high potential greenfield lithium properties totalling over 150,000 hectares. The Company has adopted the project generator business model to maximize funds available for exploration projects, while minimizing shareholder dilution. Beyond Lithium is advancing certain of its projects with its exploration team and will seek to option other properties to joint venture partners. Partnering on various projects will provide a source of non-dilutive working capital, partner-funded exploration, and long-term residual exposure to exploration success.
Please follow @BeyondLithium on Twitter, Facebook, LinkedIn, Instagram and YouTube.
For more information, please refer to the Company's website at www.beyondLithium.ca.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding future capital expenditures, anticipated content, commencement, and cost of exploration programs in respect of the Company's projects and mineral properties, anticipated exploration program results from exploration activities, resources and/or reserves on the Company's projects and mineral properties, and the anticipated business plans and timing of future activities of the Company, are forward-looking information. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward-looking information can be identified by words such as "pro forma", "plans", "expects", "will", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. In stating the forward-looking information in this news release, the Company has applied several material assumptions, including without limitation, that market fundamentals will result in sustained precious and base metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration of the Company's properties, the availability of financing on suitable terms, and the Company's ability to comply with environmental, health and safety laws.
Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the statements of forward-looking information. Such risks and other factors include, among others, statements as to the anticipated business plans and timing of future activities of the Company, the proposed expenditures for exploration work on its properties, the ability of the Company to obtain sufficient financing to fund its business activities and plans, delays in obtaining governmental and regulatory approvals (including of the Canadian Securities Exchange), permits or financing, changes in laws, regulations and policies affecting mining operations, risks relating to epidemics or pandemics such as COVID-19, the Company's limited operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed under the heading "Risk Factors" in the Company's prospectus dated February 23, 2022 and other filings of the Company with the Canadian securities regulatory authorities, copies of which can be found under the Company's profile on the SEDAR website at www.sedar.com.
Readers are cautioned not to place undue reliance on forward-looking information. The Company undertakes no obligation to update any of the forward-looking information in this news release except as otherwise required by law.
For further information, please contact:
Alan Frame
President and CEO
Tel: 403-470-8450
Email: allan.frame@beyondLithium.ca
Jason Frame
Manager of Communications
Tel: 587-225-2599
Email: jason.frame@beyondLithium.ca
18.0 Mt at 1.07% Li2O Maiden Mineral Resource at Mavis Lake, See Critical Resources (ASX: CRR) announcement released 4 May 2023
2See Green Technology Metals (ASX: GT1) Wisa Project Qualified Person and Third-Party Data |
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| To: LoneClone who wrote (21075) | 5/26/2023 1:05:00 PM | | From: LoneClone | | | | Rock Tech Lithium Options Additional Property in Thunder Bay Mining District and Appoints Strategic Advisor for Georgia Lake Project
newswire.ca
Rock Tech Lithium Inc. 25 May, 2023, 07:00 ET
Rock Tech Enters into an Option Agreement for a 100% Acquisition of the "Boston Lake Claims" in the Thunder Bay Mining District, OntarioClaims will Expand Rock Tech's Footprint in the District, as well as Provide Additional Exploration PotentialCIBC Capital Markets ("CIBC") Mandated to Assist in Selection of a Strategic Partner to Jointly Advance the Georgia Lake Project
VANCOUVER, BC, May 25, 2023 /CNW/ - Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech") is pleased to announce that it has entered into an option agreement (the "Agreement") to acquire a 100% undivided interest in a total of 6,150 hectares in the Thunder Bay Mining District of Ontario (the "Boston Lake Claims"). Adding to the Company's Georgia Lake Project, these claims will expand Rock Tech's footprint in the District, as well as provide additional lithium exploration potential in a region that is already historically well-studied.
Map shows Rock Tech’s Georgia Lake Project and the Boston Lake Claims in the Thunder Bay Mining District of Ontario. Rock Tech Options Additional Property in Thunder Bay Mining District and Appoints Strategic Advisor for Georgia Lake Project (CNW Group/Rock Tech Lithium Inc.)
Robert MacDonald, General Manager at Rock Tech's mining entity, noted: "As leaders in lithium exploration in the Thunder Bay Area, Rock Tech is keen to add to its land position with perspective properties. The Georgia Lake Project contains over 50% of the published Mineral Resources in the Thunder Bay District and the Boston Lake mining claims offer an exciting opportunity to expand our exploration footprint."
Pursuant to the terms of the Agreement, Rock Tech has made an initial deposit and will make additional annual cash payments totaling CAD 175,000 until the third anniversary of this agreement. Concurrent with the cash payments, the Company will additionally issue in total CAD 175,000 in shares.
This Agreement and the Georgia Lake Project which has successfully completed Pre-Feasibility stage1 demonstrate Rock Tech's continued ambition and growth path in its home market. Additionally, the Company is excited to announce the appointment of CIBC as Strategic Advisor. CIBC, a longstanding participant in the mining industry, will assist in the selection of a strategic partner to jointly advance the 100%-owned Georgia Lake Project.
"We are delighted to have partnered with CIBC and their strong, globally networked Capital Markets team. CIBC will work closely with Rock Tech to ensure we find the strongest strategic partnership to develop our Georgia Lake asset. With the PFS successfully completed, and the latest exploration drilling programs progressing, the project is now significantly de-risked and represents a unique opportunity to invest in a high-quality hard rock lithium project in Canada," Sonja Rossteuscher, Rock Tech's Chief Financial Officer, stated.
_____________________________________
1 Pre-Feasibility Study (PFS); ref. press release "Rock Tech Lithium completes Pre-Feasibility Study for its Georgia Lake Project", issued November 15, 2022
On behalf of the Board of Directors,?
Dirk Harbecke
Chairman?& CEO
ABOUT ROCK TECH
Rock Tech is a cleantech company with operations in Canada and Germany on a mission to produce lithium hydroxide for electric vehicle batteries. The Company plans to build lithium converters at the door-step of its customers, to guarantee supply-chain transparency and just-in-time delivery, beginning with the Company's proposed lithium hydroxide merchant converter and refinery facility in Guben, Germany. To close the most pressing gap in the clean mobility story, Rock Tech has gathered one of the strongest teams in the industry. The Company has adopted strict environmental, social and governance standards and is developing a proprietary refining process aimed at further increasing efficiency and sustainability. Rock Tech plans to source raw material from its wholly-owned Georgia Lake spodumene project located in the Thunder Bay Mining District of Ontario, Canada, as well as procuring it from other responsibly producing mines. In the years to come, the Company expects to also source raw material from discarded batteries. Rock Tech's goal: to create a closed-loop lithium production system. www.rocktechlithium.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.?
CAUTIONARY NOTE CONCERNING FORWARD-LOOKING INFORMATION
Certain statements contained in this news release constitute "forward-looking information" under applicable securities laws and are referred to herein as "forward-looking statements". All statements, other than statements of historical fact, which address events, results, outcomes or developments that the Company expects to occur are forward-looking statements. When used in this news release, words such as "expects", "anticipates", "plans", "predicts", "believes", "estimates", "intends", "targets", "projects", "forecasts", "may", "will", "should", "would", "could" or negative versions thereof and other similar expressions are intended to identify forward-looking statements. In particular, forward-looking statements contained in this news release include: estimations or predictions about the Mineral Resource or Reserve therein; the further potential of the Boston Lake Claims; and the Company's future plans and expectations as described in the section "About Rock Tech".
Forward-looking statements by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results to differ materially from the forward-looking statements. The material factors or assumptions used to develop the forward-looking statements include: the Exploration Expenditures, the existence of certain spodumene pegmatites, the possible type of mining and concentration of lithium; the distance required for transportation of concentrate; the Company's ability to procure equipment necessary for its business; that all required regulatory approvals and permits can be obtained on the necessary terms in a timely manner; and that financing will be available to the Company on commercial terms. There may also be other factors that cause actual results to differ materially from the forward-looking statements, including the risks, uncertainties and other factors discussed in the Company's most recent management's discussion and analysis and annual information form filed with the applicable securities regulators.
No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, and the Company cautions the reader not to place undue reliance upon any such forward-looking statements. The Company does not intend, nor does it assume any obligation to update or revise any of the forward-looking statements, whether as a result of new information, changes in assumptions, future events or otherwise, except to the extent required by applicable law.
ATTACHMENT
Map 1 | Rock Tech's Georgia Lake Project and the Boston Lake Claims in the Thunder Bay Mining District of Ontario.
SOURCE Rock Tech Lithium Inc.
 For further information: André Mandel, phone: +49 (0) 2102 89 41 116; or email: amandel@rocktechlithium.com,??Rock Tech Lithium Inc.; 777 Hornby Street, Suite 600, Vancouver, B.C., V6Z 1S4? |
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