| From: LoneClone | 5/25/2023 12:25:04 PM | | | | | | Column: Lithium slump puts China's spot price under the spotlight
reuters.com
By Andy Home
May 21, 20236:00 PM PDTUpdated 4 days ago
LONDON, May 19 (Reuters) - High-flying lithium has come crashing back to earth.
A super-charged two-year rally, which saw Chinese spot lithium carbonate prices rise by tenfold, went into brutal reverse over the first part of this year. The spot price slumped by 70% between November and its low point in April.
The battery metal was knocked off its heights by early-year weakness in China's electric vehicle (EV) market, still by some margin the world's largest.
The temporary demand hit rippled back up through the Chinese battery chain, generating a collective destocking cycle and killing the spot market.
The slump in China's spot price dragged down the whole lithium pricing chain from spodumene concentrate to hydroxide, albeit to highly varying degrees.
The price impact looks outsize to what was a short-term mismatch of supply and demand in the Chinese domestic market, where the spot price is already bouncing back hard.
But lithium's roller-coaster ride highlights the important role China's spot market and the Wuxi futures exchange play in the fast-growing industry's price discovery process.
 High-flying lithium takes a tumble
PRICE SLUMP FOR SOME, BUT NOT FOR ALL
The Chinese spot lithium carbonate market is a small and volatile component of the global lithium pricing structure, and price signals can be extreme relative to what is happening elsewhere in the supply chain.
Prices for lithium carbonate outside of China have fallen this year but not to the same degree, while hydroxide prices have been even more resilient.
The big volumes traded directly between lithium producers and consumers are based on longer-term contracts, often with fixed-price components, insulating them from spot market volatility.
Chilean producer SQM (SQMA.SN), for example, reported an average realized sales price of $51 per kg in the first quarter, down from $59 per kg in the fourth quarter of 2022 but up on the $38 achieved in the year-ago period.
U.S. producer Livent (LTHM.N) told analysts on its first-quarter conference call that "we still expect a continued increase in our average realized prices in 2023 under a wide range of market scenarios".
The company has around 70% of its 2023 sales committed to fixed-price annual contracts, many including take-or-pay terms, and has "a high degree of confidence around a 40% average expected price increase across these volumes".
Many lithium buyers, in other words, will be paying higher prices this year whatever happens in the Chinese spot market.
SPOTLIGHT ON SPOT MARKET
China's spot lithium carbonate market seems to be centred on physical transactions in "technical grade" material, which cannot be directly used in batteries but with further refining can be upgraded to battery-ready hydroxide.
The appeal of this sort of lithium is the fact it's easier to store and less likely to be committed to consumer off-take contracts, according to Adam Megginson, analyst at Benchmark Minerals.
Physical spot trading co-exists with futures trading on the Wuxi Stainless Steel Exchange, which launched its lithium futures contract in July 2021.
The relationship between real demand and futures pricing in China is "unclear", to quote Benchmark.
What is increasingly clear, however, is the over-sized role Wuxi can play in the global lithium supply chain.
The collapse in China's spot price has far exceeded the decline in the price of Australian spodumene, another closely tracked market indicator. The result has been the crushing of converter margins in China, leading to temporary closures.
OPAQUE MARKET
Wuxi's ascendancy as a lithium market signal is down to the fact that it has provided a rare point of price transparency in a highly opaque market.
The lithium industry has resisted any move towards futures trading on the basis that the product is not a commodity but a bespoke chemical tailored to the needs of each battery manufacturer.
But if the market isn't going to be beholden to China's wild eastern spot market, it may need more, not less, futures trading.
A possible alternative may be U.S. exchange CME (CME.O).
CME launched its lithium hydroxide contract in May 2021, but attracted little attention until the closing months of 2022.
Volumes hit a record high of 1,134 contracts in April, while open interest has mushroomed to 1,635 contracts from 429 in December and just 5 at the end of 2021.
It's probably no coincidence that activity has surged into lithium's price slump, although the mix of hedging and speculation is uncertain.
A successful Western futures reference price would act as an important counter-balance to the Wuxi price.
THE WUXI EFFECT
The lithium market is now on the rebound, led once again by the Chinese spot price , which has jumped to 295,000 yuan from 182,500 at the end of April, according to Fastmarkets.
China's EV market is regaining lost momentum and the domestic destocking cycle is coming to an end.
In the event of a shift to restocking, the price reaction is likely to be just as extreme to the upside as it has been to the downside over the first part of this year.
The first sign of the turnaround came in China's technical-grade carbonate market. Benchmark Minerals noted in late April an uptick in pricing after six months of relentless downtrend.
The price bounce, according to Benchmark, was initiated on the Wuxi exchange, with traders buying warehouse space two weeks earlier.
Futures optimism spilled over in the physical spot market, although Benchmark cautioned at the time the price rise didn't reflect a real change in consumer demand but rather "market expectations among a small group of well-informed actors".
But the Wuxi effect is once again at work, lifting the entire product pricing chain off its April price lows.
It may be time for the industry to accept more price transparency, rather than have a small group of traders shove the global supply chain around.
($1 = 6.9121 Chinese yuan renminbi)
The opinions expressed here are those of the author, a columnist for Reuters. |
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| To: LoneClone who wrote (21063) | 5/25/2023 12:44:27 PM | | From: LoneClone | | | | Battery boom sparks revival for Quebec’s formerly failed lithium miners
miningweekly.com
25th May 2023
By: Bloomberg
Nemaska Lithium was once a cautionary tale for commodities investors betting on North America’s battery metals supply chain.
Shareholders lost money when the Canadian mining firm went broke in late 2019, collapsing under cost overruns and a crash in lithium prices. Four years later, a restructured Nemaska under new ownership is back developing a lithium deposit that could ultimately supply Ford Motor Co. with the key battery ingredient.
Ford’s supply deal with Nemaska — one of several battery-material sourcing pacts the automaker announced Monday — is the latest sign of optimism for lithium projects once left for dead. Halted operations like Nemaska’s Whabouchi mine have been resurrected by lithium prices that have nearly quadrupled since 2019. Also helping are policy initiatives such as the Inflation Reduction Act, which encourage American automakers to source battery metals from the US and allies including Canada.
“This has created the conditions for Nemaska to succeed,” said Steve Gartner, vice president of finance at Nemaska, which is now jointly owned by the Quebec government and US lithium producer Livent. “The market, and institutional and government direction, has really created a condition where there’s more and more incentive to start and develop a supply chain in North America.”
North American Lithium, a Quebec mining operation now owned by Sayona Mining and Piedmont Lithium, faces a similar turnaround after its previous owner suspended operations and sought creditor protection for the business in 2019. The openpit operations restarted in March, with some production earmarked for EV automaker Tesla Inc. and South Korean battery maker LG Chem. |
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| To: LoneClone who wrote (21064) | 5/25/2023 12:49:13 PM | | From: LoneClone | | | | Cohiba to acquire Canadian lithium, REE tenements
miningweekly.com
25th May 2023
By: Esmarie Iannucci
Creamer Media Senior Deputy Editor: Australasia
PERTH (miningweekly.com) – Junior Cohiba Minerals has announced the acquisition of unlisted Maple Minerals, which holds the rights to acquire four lithium and rare earth element (REE) properties in Ontario.
Under the acquisition, Cohiba will issue 50-million shares to the vendors, as well as two tranches of 62.5-million performance rights each, which could be converted into fully paid ordinary shares in the company subject to exploration milestones being reached at the project area.
Under the terms of the acquisition agreement that Maple Minerals has with the current holder of the projects, Cohiba will also pay a cash consideration of C$259 000 and a 1.5% net smelter royalty on the production of any minerals from the area. Following the completion of the transaction, the company will have the ability to re-purchase 0.5% of the net smelter royalty for A$500 000.
“We are delighted to have been able to execute binding agreements for this acquisition and secure these strategic tenements within known lithium and REE terranes. North-west Ontario is recognised as a key lithium province and with highly attractive geological and structural precursors within close proximity to known lithium resources we are confident of yielding exploration success,” said Cohiba CEO Andrew Graham.
“Canada is forecast to be a significant supplier of critical minerals, including lithium, which is evidenced through the recent deal between Green Technology Metals (GT1) and LG Energy Solutions (LGES) which saw LGES invest A$20-million in GT1 to become a substantial shareholder and major offtake partner. Following an extensive due diligence process we are confident that we have secured an exceptional portfolio of projects and look forward to undertaking some detailed reconnaissance work in the upcoming summer season.”
The Maple Minerals transaction is subject to shareholder consent. |
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| To: LoneClone who wrote (21065) | 5/25/2023 12:53:25 PM | | From: LoneClone | | | | Carbine invests in silica sands project
miningweekly.com
25th May 2023
By: Esmarie Iannucci
Creamer Media Senior Deputy Editor: Australasia
PERTH (miningweekly.com) – ASX-listed Carbine Resources has struck a deal to acquire a silica sands project, in Western Australia, from Down South Silica (DSS).
The exploration project covers 5 800 ha and offers Carbine an opportunity for near-term development, with significant growth potential as the company continues to advance its own Muchea project.
“This acquisition complements the company’s existing strategy and fits well with its existing plans at its Muchea project. The Silica Sands project offers Carbine potential access to near-term development whilst it continues to develop its exciting large-scale Muchea project,” said Carbine MD Peter Batten.
“Our goal through undertaking this acquisition is to secure the potential for an earlier stage production and subsequent cashflow scenario with the object of self-funding the development of the Muchea project.
“Historical exploration has resulted in identifying the locations for potential resources and provided information regarding grades at these locations. Previous resource calculations are not reportable, however, they provide valuable data for Carbine to build on. Discussions with landowners regarding access for exploration and support of potential mining operations convinced Carbine of the potential of the tenement.”
Under the terms of the agreement, Carbine will issue DSS more than 71.9-million shares in the company, which will be subject to a 12-month voluntary escrow period, and will grant the vendor a 1% net smelter royalty over all minerals extracted from the tenements. |
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| 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).
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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.
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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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