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   Gold/Mining/EnergyRare Earth Elements and Exotic Metals

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To: LoneClone who wrote (22679)6/18/2024 11:30:37 AM
From: LoneClone
   of 23062
 
[Lithium]
Arctic Fox Begins High Resolution Airborne Magnetic Survey at Pontax North

thenewswire.com

VANCOUVER, BRITISH COLUMBIA (June 18, 2024) – TheNewswire – Arctic Fox Lithium Corp. (CSE: AFX / FSE: O5K) (the “Company”) is pleased to announce that it has begun a high resolution airborne magnetic survey over its Pontax North Lithium property in James Bay.

The helicopter-borne system includes two laser pumped magnetic sensors providing 1,000 measurements per second (1,000 Hz) from a “stinger” mounted at the front of a Guimbal G2 light helicopter. The survey will be flown with lines 50 metre apart and 500 metre control lines spacing and at a minimum survey drape elevation of 15 m to 20m above the ground depending on the overall topography.

Airborne Magnetic Survey Highlights

  • Enhanced Aeromagnetic Resolution: The survey will be completed at 50 m line spacing and at a minimum survey drape elevation of 15 m above the ground. The advantage of a single continuous survey is it won’t require merging multiple data sets with different resolutions.

  • Increased Geological Understanding: The survey will provide Arctic Fox with much better definition of the important geological units and structures on the property

Harry Chew, President and Chief Executive Officer of Arctic Fox states: “We are pleased to be executing this high-resolution magnetic survey as it will serve as a cornerstone to our upcoming summer exploration program. With this state-of-the-art high resolution magnetic survey, we will be able to update the geology map and identify key stratigraphic contacts and structures for targeted exploration.

2024 Airborne Magnetic Survey

The high resolution airborne magnetic survey over the Pontax North Lithium property will be completed by Novatem Inc. based out of Mont Saint-Hilaire, Québec. The project is located 13 kilometres south-west of the KM 381 Relais in James Bay.

The survey will cover a total area of 16.3 km2 and include an estimated 404 total line-kilometres. Novatem will be providing preliminary processing and quality control of the geophysical data on site as well as the preparation and supply of preliminary and final products.

The identification of pegmatites belonging to the favourable Causabiscau Suite in the northern part of the Pontax North Property during the 2023 prospection, with coincident Be-Cs-Ta-Nb-Rb anomalies up to 100 times the average concentration of the upper continental crust and lithium anomalies up to 5.3 times that of Li, are a definitive indicator of the rare-element potential of the system and presents a significant opportunity for targeted exploration. We also expect from this high resolution airborne magnetic survey to highlight additional mineralized pegmatite dykes below overburden.

The Company also wishes to announce that it will no longer be proceeding with its options on the Delta Lake and Spius properties. Management feels that the Company should focus its resources on the Pontax North Property at this time as promising geological units and structures have been identified on the property.

About Arctic Fox Lithium Corp.

Arctic Fox Lithium Corp. is a junior mineral exploration company focused on the acquisition and development of mineral properties containing battery, base and precious metals.

The Company’s 2,859-hectare Pontax North Lithium Project (“Pontax North”) is located 12 km south of Allkem Ltd. (ASX/TSX:ALLKEM) (“Allkem”) James Bay Lithium Project (Proven & Probable Reserves of 37.3 Mt @ 1.27% Li2O ; Measured & Indicated Resources of 54.3 Mt @ 1.30% Li2O - NI 43-101 Technical Report dated September 29, 2023) and 12 km north of Stria Lithium Inc.’s (CSE:SRA) Pontax Lithium Project (non NI 43-101 conformable Inferred Resource of 10.1 Mt at 1.04% Li2O - Stria Press Release dated August 14, 2023), located in northern Québec, approximately 130 km east of James Bay and the Cree Nation’s Eastmain community.

The northern portion of Pontax North contains a lithium prospective zone in a similar geological environment to Allkem’s project. The Causabiscau Suite which hosts the Cyr lithium deposit is indeed characterized by the abundance of S-type granitic pegmatite, a lithology known for its Be, Li, Cs, Nb, and Ta potential. Beryl (a beryllium silicate mineral) has been reported by Quebec MERN geologists in several outcrops within this zone. The Causabiscau Suite appears strongly underexplored despite its recognized lithium potential.

References to adjacent properties:

12 km North: Allkem Ltd. James Bay Lithium:

The technical report entitled “NI 43-101 Technical Report Feasibility Study James Bay Lithium Project Quebec, Canada” prepared by G Mining Services, SLR Consulting, Wave International and WSP Canada and dated September 29, 2023.

12 km South: Stria Lithium Inc. (Pontax Lithium Project):

https://strialithium.com/exploration/pontax-project/

* This news release contains information about adjacent properties on which Arctic Fox has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company’s properties.

The technical information contained within this News Release has been reviewed and approved by Benjamin

Mougin, P. Géo, M. Sc. and Qualified Person as defined in National Instrument 43-101 Standards of Disclosure

for Mineral Projects

For further information, please contact:

Harry Chew, President, CEO
Phone: (604) 689-2646

On behalf of the Board of Directors,

“Harry Chew”

Harry Chew

President & CEO

Arctic Fox Lithium Corp.

Twitter: about:blank

LinkedIn: about:blank

Facebook: about:blank

Instagram: about:blank

YouTube: about:blank

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address any activities and events or developments that Arctic Fox Lithium Corp. ("Arctic Fox") expects to occur, are forward-looking statements. Although Arctic Fox believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Forward-looking statements in this press release include, but are not limited to, statements relating to: potential benefits of the fieldwork described in this press release; and the future potential of and exploration on the properties described in this press release. Factors that could cause actual results to differ materially from those in forward looking statements include the failure to complete the fieldwork on the timing and terms as contemplated or at all; uncertainty with respect to the results of future exploration and the ability to conduct any exploration activities on the properties described in this press release; market prices; disruptions relating to the COVID-19 pandemic; and continued availability of capital and financing and general economic, market or business conditions. These statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions; in order to conduct anticipated exploration activities; and that the exploration compilation work described in this press release will be completed as anticipated. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Arctic Fox does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.


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To: LoneClone who wrote (22680)6/18/2024 1:20:30 PM
From: LoneClone
   of 23062
 
[Lithium] Q Precious & Battery Metals Receives Permits to Drill VMS and Lithium Pegmatite Targets La Corne South Project, Quebec

accesswire.com

Tuesday, 18 June 2024 09:12 AM

VANCOUVER, BC / ACCESSWIRE / June 18, 2024 / Q Precious and Battery Metals Corp. ("QMET" or the "Company") is pleased to announce that the company has received all of the necessary permits to drill on their La Corne South project located north of Val d'Or, Quebec. The drilling equipment is currently being mobilized to the site in preparation for drilling at site number 1.

As previously released, TMC Geophysique (TMC) completed deep-penetrating Pulse-EM -Time Domain Electromagnetic (TDEM) surveying to cover target zones delineated by geologic assessment and rock sampling. On the property the TMC Geophysical TDEM survey identified a group of strong conductive anomalies. In places these are coincident rock exposures that contain significant percentages of pyrite and pyrrhotite. The geology along the trend is interpreted to have potential for Volcanogenic Massive Sulphide (VMS) mineralization (see News Release dated 2022-08-07). The zone of interest also displays magnetic features derived from QMET 2021 surveys. The geophysical survey results combined with the geology and rock sampling provide compelling targets for drill testing.

In the western part of the La Corne South claims, the TMC-TDEM survey identified six localized anomalies that are roughly grouped around the Boily-Bérubé mineral occurrence (see News Release dated July 12, 2022). This is also the area where QMET exploration obtained rock samples that returned elevated values for silver, copper and zinc. The TDEM features are modelled as relatively shallow-seated bodies easily tested by diamond drilling.

The access permit and authorization to undertake impact-causing exploration work approval (ATI) allow for construction of 10 drill pads with associated access roads. QMET plans an initial 1,000 metres of diamond drilling from the permitted drill pads, primarily testing VMS targets at depths ranging from 50 to 200 metres below surface (as modelled by the TDEM survey).

The VMS targets are to be tested for multiple elements including silver, copper, zinc, and nickel. A number of VMS deposits have been located within 15 Kms of the QMET property including the Barvallée, the Belfort (Roymont), the Vendome #1 (Mogador), and the Projet Laflamme (from Système d'information géominière of Québec, SIGEOM). These are listed as multi-element deposits that include copper, zinc, silver and gold. The presence of these deposits, peripheral to the QMET properties, is not a direct indicator of the mineralization potential on QMET claims; however, their discovery does indicate that the geologic setting of the region contains polymetallic VMS potential.

QMET is planning to begin access construction for drilling in the next week.

QMET exploration programs undertaken in Quebec are supervised by Dr. Mathieu Piché, OGQ, with office located north of Val d'Or. He is also a QMET company director.

Cautionary Statement

This press release contains forward-looking statements based on assumptions as of that date. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to exploration and development; the ability of the Company to obtain additional financing; the Company's limited operating history; the need to comply with environmental and governmental regulations; fluctuations in the prices of commodities; operating hazards and risks; competition and other risks and uncertainties, including those described in the Company's Prospectus dated September 8, 2017 available on www.sedar.com. Accordingly, actual and future events, conditions, and results may differ materially from the estimates, beliefs, intentions, and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.

On behalf of the Board of Directors

Richard Penn
CEO
(778) 384-8923

SOURCE: Q Precious and Battery Metals Corp.

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To: LoneClone who wrote (22681)6/19/2024 12:32:57 PM
From: LoneClone
   of 23062
 
[Lithium] Azimut and SOQUEM cut an outstanding interval of 1.62% Li2O over 158.0 m, including 2.20% Li2O over 89.65 m, Galinée Lithium Property, James Bay region, Quebec

ca.finance.yahoo.com

Exploration Azimut Inc
Wed, June 19, 2024 at 3:30 a.m. PDT·9 min read

AZMTF
0.00%

LONGUEUIL, Quebec, June 19, 2024 (GLOBE NEWSWIRE) -- Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) (OTCQX: AZMTF) is pleased to report excellent new lithium results from the second phase of diamond drilling on the Galinée Property (the “Property”) in the Eeyou Istchee James Bay region of Quebec, Canada.

Fourteen (14) holes were drilled during this second phase, for a total of 3,203.65 metres, including two extended holes (GAL23-012ext and -013ext) and two that were abandoned (GAL24-019 and -027). The visual results from this phase were previously reported in the press releases of April 18 and May 8, 2024, as were the analytical results for one hole (GAL24-020: 2.68% Li2O over 54.6 m). All assays have now been received and are reported in this release.

The results of this campaign confirm a wide and high-grade lithium zone on the Property, which now appears to be one of the most significant lithium pegmatite discoveries in the James Bay region. Drilling will continue this summer. A comprehensive property-scale till sampling and prospecting program is underway to identify additional drilling targets. Azimut and its partner SOQUEM Inc. have ranked the Galinée Property as one of their top priorities for 2024. Azimut is the operator of the work program.

HIGHLIGHTS ( see Figures 1 to 6, Tables 1 and 2)

• Hole GAL24-018:

1.66% Li2O over 40.45 m (from 159.6 m to 200.05 m), including:



2.61% Li2O over 21.60 m (167.1 m to 188.7 m)



0.95% Li2O over 14.40 m (209.0 m to 223.4 m)

• Hole GAL24-022:

2.53% Li2O over 25.90 m (from 135.1 m to 161.0 m), including:



3.16% Li2O over 19.75 m (135.1 m to 154.85 m)

• Hole GAL24-023:

2.02% Li2O over 32.23 m (from 104.77 m to 137.0 m), including:



3.28% Li2O over 6.73 m (130.27 m to 137.0 m)

• Hole GAL24-025:

1.62% Li2O over 158.0 m (from 207.85 m to 365.85 m), including:



2.20% Li2O over 89.65 m (207.85 m to 297.5 m), including:



3.33% Li2O over 29.6 m (267.9 m to 297.5 m)

• Hole GAL24-027A:

2.50% Li2O over 7.50 m (from 183.0 m to 190.5 m)

• Hole GAL23-12ext:

2.00% Li2O over 13.05 m (from 355.7 m to 368.75 m)



1.44% Li2O over 4.10 m (from 377.5 m to 381.6 m)



2.43% Li2O over 1.15 m (from 386.85 m to 388.0 m)



The true widths of the drill intervals are undetermined at this stage. Holes GAL 23-013ext, GAL24-019A, -021, -024 and -026 display weak or no mineralization. Holes GAL24-019 and -027 were abandoned due to drilling difficulties. Several intervals of visually confirmed mineralization containing amphibolite intercalations were reported in the press release of April 18, 2024 (holes GAL24-18, -20, -22 to -25). Hole -25 presents a 17.45-metre-long intercalation that is weakly mineralized (from 300.0 to 317.45 m).

The previously reported significant assays from drilling phases 1 and 2 include:

• Hole GAL23-001

2.48% Li2O over 72.7 m (from 139.5 m to 212.2 m), including:



3.38% Li2O over 18.0 m (174.0 m to 192.0 m) and



3.27% Li2O over 12.7 m (199.5 m to 212.2 m)



1.30% Li2O over 7.0 m (from 323.4 m to 330.4 m)

• Hole GAL23-003:

1.56% Li2O over 36.6 m (from 194.4 m to 231.0 m), including:



2.41% Li2O over 21.2 m (195.5 m to 216.7 m)

• Hole GAL23-009:

2.13% Li2O over 44.1 m (from 120.3 m to 164.4 m), including:



3.35% Li2O over 13.0 m (150.4 m to 163.4 m)



1.13% Li2O over 16.5 m (from 346.5 m to 363.0 m), including:



1.69% Li2O over 9.2 m (346.5 m to 355.7 m)

• Hole GAL23-011:

1.71% Li2O over 37.0 m (from 209.0 m to 246.0 m), including:



2.95% Li2O over 15.0 m (212.0 m - 227.0 m), including:



5.13% Li2O over 6.0 m (216.5 m to 222.5 m)

• Hole GAL23-012:

1.31% Li2O over 41.3 m (from 188.0 m to 229.3 m), including:



2.68% Li2O over 4.5 m (189.5 m to 194.0 m) and



2.75% Li2O over 12.7 m (210.6 m to 223.3 m)

• Hole GAL23-014:

1.63% Li2O over 17.5 m (from 233.0 m to 250.5 m), including:



2.56% Li2O over 5.2 m (233.0 m to 238.2 m)

• Hole GAL24-020:

2.68% Li2O over 54.60 m (from 89.25 m to 143.85 m), including:



2.26% Li2O over 8.50 m (89.25 m to 97.75 m) and



3.48% Li2O over 35.85 m (108.0 m to 143.85 m)



Material Progress for the Galinée Discovery

  • Currently, the lithium zone has a strike length of 700 metres and trends roughly east-west. It remains largely open on the Property to the east and south, with the thickness and grade variabilities expected for these types of pegmatitic bodies. The mineralized zone at Galinée likely represents the southern extension of the Adina deposit on the adjacent project belonging to Winsome Resources Ltd. Figure 2 displays the limits of the pit shell constraining the resources disclosed by Winsome in their press release of May 28, 2024.

  • At Galinée, one of the potential mining scenarios could involve constructing a ramp to access the mineralized body, given the subhorizontal geometry of the pegmatite body at a relatively shallow depth. Initial drilling data indicate a shallow dip to the south, from subhorizontal to 15 degrees. Additional intercepts from the current program show that some pegmatite bodies dip to the north, suggesting that the pegmatite system consists of coalescing branches with variable dips. Hole GAL24-020 intersected at least one of the north-dipping branches at shallow depth, returning very high-grade lithium intervals starting at a vertical depth of 80 metres ( see Figure 5).

  • Spodumene crystals generally range from a few centimetres to half a metre long but occasionally reach gigantic sizes (up to 1.65 m). The colour ranges from whitish to greyish-beige or greenish-beige. Other associated minerals include quartz, white feldspar, tourmaline and, less frequently, garnet, apatite, lepidolite, tantalite and maybe pollucite. Holmquistite, a typical lithium-bearing amphibole formed at the margins of lithium-rich pegmatites, is also observed. Dark green amphibolite is the dominant host rock.

  • Significant grades have also been obtained for the following critical elements: cesium, tantalum, gallium and rubidium. Peak values of 3.59% Cs2O, 1410 ppm Ta2O5, 333 ppm Ga2O3, and 2.17% Rb2O are noted.

  • SGS Canada (Lakefield, Ontario) has been retained to conduct preliminary metallurgical tests on the mineralization.

Property-scale Exploration

Azimut and SOQUEM consider Galinée’s lithium potential to be largely underexplored. A comprehensive prospecting phase is underway to identify drill targets in highly prospective areas with a cumulative length of 60 kilometres.

The region is widely considered an emerging lithium district. Winsome Resources Ltd published a mineral resource estimate for the Adina Property, and other companies are rapidly advancing prospects on surrounding properties (see Azimut press releases of June 13 and October 23, 2023; January 9 and February 23, 2024).

Drilling Contract and Analytical Protocols

Miikan Drilling Inc., a majority Cree-owned company, has been contracted for the current program. Miikan Drilling is owned by local communities and Chibougamau Diamond Drilling Ltd of Chibougamau (Quebec). Drilling is conducted with a core diameter of BTW.

Core samples are sent to ALS Laboratories in Montreal (Quebec) for ICP multi-element analysis (laboratory codes: ME-MS61, ME-MS89L, ME-ICP82b). Azimut applies industry-standard QA/QC procedures to its drilling programs. All batches sent for analysis include certified reference materials, blanks and field duplicates.

About the Galinée Property

The Galinée project (649 claims, 335 km2) is a 50/50 joint venture between Azimut and SOQUEM, operated by Azimut. The 36-kilometre-long property lies about 50 kilometres north-northwest of the Renard diamond mine (Stornoway Diamonds (Canada) Inc.) and 60 kilometres south of the Trans-Taiga Road, an all-season regional highway.

Qualified Person

Dr. Jean-Marc Lulin (P.Geo.) prepared this press release as the Company’s qualified person within the meaning of National Instrument 43-101. Rock Lefrançois (P.Geo.), Vice President of Exploration, also reviewed the content of this press release.

About SOQUEM

SOQUEM Inc., a subsidiary of Investissement Québec, is dedicated to promoting the exploration, discovery and development of mining properties in Quebec. SOQUEM also contributes to maintaining strong local economies. A proud partner and ambassador for developing the province’s mineral wealth, SOQUEM relies on innovation, research, and strategic minerals to be well-positioned for the future.

About Azimut

Azimut is a leading mineral exploration company with a solid reputation for target generation and partnership development. The Company holds the largest mineral exploration portfolio in Quebec. Its wholly owned flagship project, the Elmer Gold Project, has advanced to the resource stage with a strong exploration upside. Azimut also advances the Galinée Lithium Project, a significant discovery made in JV with SOQUEM. The Company controls strategic land positions for copper-gold, nickel and lithium in Quebec.

Azimut uses a pioneering approach to big data analytics (the proprietary AZtechMine™ expert system) enhanced by extensive exploration know-how. The Company’s competitive edge is based on systematic regional-scale data analysis. Azimut maintains rigorous financial discipline and a strong balance sheet, with 85.4 million shares issued and outstanding.

Contact and Information

Jean-Marc Lulin, President and CEO
Tel.: (450) 646-3015

Jonathan Rosset, Vice President Corporate Development
Tel: (604) 202-7531
info@azimut-exploration.com www.azimut-exploration.com

Cautionary note regarding forward-looking statements

This press release contains forward-looking statements, which reflect the Company’s current expectations regarding future events related to the drilling results from the Galinée Property. To the extent that any statements in this press release contain information that is not historical, the statements are essentially forward-looking and are often identified by words such as “consider”, “anticipate”, “expect”, “estimate”, “intend”, “project”, “plan”, “potential”, “suggest” and “believe”. The forward-looking statements involve risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Many factors could cause such differences, particularly volatility and sensitivity to market metal prices, the impact of changes in foreign currency exchange rates and interest rates, imprecision in reserve estimates, recoveries of gold and other metals, environmental risks including increased regulatory burdens, unexpected geological conditions, adverse mining conditions, community and non-governmental organization actions, changes in government regulations and policies, including laws and policies, global outbreaks of infectious diseases, including COVID-19, and failure to obtain necessary permits and approvals from government authorities, as well as other development and operating risks. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this document. The Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, other than as required to do so by applicable securities laws. The reader is directed to carefully review the detailed risk discussion in our most recent Annual Report filed on SEDAR+ for a fuller understanding of the risks and uncertainties that affect the Company’s business.

Neither 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.

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To: LoneClone who wrote (22682)6/19/2024 12:45:01 PM
From: LoneClone
   of 23062
 
[Vanadium] Anfield Receives Drill Program Permit Application Approval for Slick Rock

ca.finance.yahoo.com

Anfield Energy Inc.
Mon, June 17, 2024 at 4:00 a.m. PDT·8 min read

ANLDF
-3.65%

VANCOUVER, British Columbia, June 17, 2024 (GLOBE NEWSWIRE) -- Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD) (“Anfield” or “the Company”) is pleased to announce that it has received final approvals for its drill permit application to commence a 20-hole, 20,000-foot rotary drill program at its Slick Rock uranium and vanadium project, located in San Miguel County, Colorado. Permits approvals included the Bureau of Land Management, the Colorado Division of Resources Mining and Safety, and a Special Use Permit from San Miguel County, Colorado to allow access via county roads for the drilling project. The permits allow drilling between the months of June and September. Anfield will use local contractors to complete the drilling.

Anfield expects to commence the drill program in the third quarter of 2024. This is a crucial step in Anfield’s plan to secure a large mine permit for Slick Rock as the Company looks towards future uranium and vanadium production.

Corey Dias, Anfield’s CEO commented: “We are very pleased to commence development at Slick Rock as this project is integral to our hub-and-spoke uranium and vanadium production strategy. The 20-hole drill program, which will start during the third quarter of 2024, will allow us to both verify and upgrade our known resource at site and meet the criteria to secure a large mine permit from the appropriate agency. Our aim is to have both the Slick Rock and Velvet-Wood mines ready for production ahead of the restart of the Shootaring Canyon mill, with initial feed ready for transport once the mill is ready to receive it.”

The drill program will be used to collect geological information related to uranium mineralization in the area. Activities include minor repairs to the access roads, preparation of drill sites, drilling with mud rotary drilling equipment, data collection and reclamation of drill sites. Three or four of the drill holes will be converted into groundwater monitoring and observation wells to establish baseline aquifer parameters.

Qualified Persons

Douglas L. Beahm, P.E., P.G., principal engineer at BRS Inc., is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical content of this news release.

About Anfield

Anfield is a uranium and vanadium development and near-term production company that is committed to becoming a top-tier energy-related fuels supplier by creating value through sustainable, efficient growth in its assets. Anfield is a publicly traded corporation listed on the TSX-Venture Exchange (AEC-V), the OTCQB Marketplace (ANLDF) and the Frankfurt Stock Exchange (0AD). Anfield is focused on its conventional asset centre, as summarized below:

Arizona/Utah/Colorado – Shootaring Canyon Mill

A key asset in Anfield’s portfolio is the Shootaring Canyon Mill in Garfield County, Utah. The Shootaring Canyon Mill is strategically located within one of the historically most prolific uranium production areas in the United States, and is one of only three licensed uranium mills in the United States.

Anfield’s conventional uranium assets consist of mining claims and state leases in southeastern Utah, Colorado, and Arizona, targeting areas where past uranium mining or prospecting occurred. Anfield’s conventional uranium assets include the Velvet-Wood Project, the Frank M Uranium Project, the West Slope Project, as well as the Findlay Tank breccia pipe. A NI 43-101 PEA has been completed for the Velvet-Wood Project. The PEA is preliminary in nature, and includes inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves and, resultantly, there is no certainty that the included preliminary economic assessment would be realized. All conventional uranium assets are situated within a 200-mile radius of the Shootaring Mill.

Technical Disclosure

Table 1. Anfield’s existing conventional uranium-vanadium project portfolio resources.

Project

Location

Classification

Tons (kt)

Uranium
Grade
(% U3O8)

Contained
Uranium
(Mlbs U3O8)

Vanadium
Grade
(% V2O5)

Contained
Vanadium
(Mlbs V2O5)

Velvet-Wood

Utah

M & I

811

0.29

%

4.6

-

-

Inferred

87

0.32

%

0.6

0.404

%

7.3

West Slope

Colorado

Indicated

1,367

0.197

%

5.4

-

-

Inferred

1,367

-

-

0.984

%

26.9

Historic*

630

0.31

%

3.9

1.59

%

20.0

Slick Rock

Colorado

Inferred

1,760

0.224

%

7.9

1.35

%

47.1

Frank M

Utah

Historic*

1,137

0.101

%

2.3

-

-

Findlay Tank

Arizona

Historic*

211

0.226

%

1.0

-

-

Date Creek/Artillery Peak

Arizona

Historic*

2,602

0.054

%

2.8



Marquez-Juan Tafoya

New Mexico

Historic*

7,100

0.127

%

18.1





* The Company’s Qualified Person has not done sufficient work to classify these historic estimates as current mineral resources and Anfield is not treating such historical resources as current mineral resources.

Velvet-Wood: The PEA for Velvet-Wood/Slick Rock was authored by Douglas L. Beahm, P.E., P.G. Principal Engineer, of BRS Inc., Harold H. Hutson, P.E., P.G., Carl D. Warren, P.E., P.G., and Terence P. (Terry) McNulty, P.E., D. Sc., of T.P. McNulty and Associates Inc. (May 6, 2023). Mineral resources are not mineral reserves and do not have demonstrated economic viability in accordance with CIM standards. GT cut-off varies by locality from 0.25%-0.50%.

West Slope: NI 43-101 resource estimate for the JD-6, JD-7, JD-8 and JD-9 properties, completed by BRS Inc. (effective March 2022); Historic resource estimate for the SR-11, SR-13A, SM-18 N, SM-18 S, LP-21 and CM-25 properties, completed by Behre Dolbear for Cotter Corporation (August 2007). Indicated and Inferred resources using GT cut-off of 0.1 ft% eU3O8; historic resources using cut-off of 0.05% U3O8.

Slick Rock: The PEA for Velvet-Wood/Slick Rock was authored by Douglas L. Beahm, P.E., P.G. Principal Engineer, of BRS Inc., Harold H. Hutson, P.E., P.G., Carl D. Warren, P.E., P.G., and Terence P. (Terry) McNulty, P.E., D. Sc., of T.P. McNulty and Associates Inc. (May 6, 2023). Mineral resources are not mineral reserves and do not have demonstrated economic viability in accordance with CIM standards. GT cut-off varies by locality from 0.25%-0.50%.

Frank M: Historic Technical Report for Frank M, prepared for Uranium One Americas, was authored by Douglas L. Beahm, P.E., P.G. Principal Engineer of BRS Inc., and Andrew C. Anderson, P.E., P.G. Senior Engineer/Geologist of BRS Inc., dated June 10, 2008. Frank M historic resource used a GT cut-off of 0.25%.

Findlay Tank: Historic Technical Report for Findlay Tank, prepared for Uranium One Americas, was authored by Douglas L. Beahm, P.E., P.G. Principal Engineer of BRS Inc., dated October 2, 2008. Findlay Tank historic resource used a grade cut-off of 0.05% eU3O8.

Artillery Peak: Artillery Peak Exploration Project, Mohave County, Arizona, 43-101 Technical Report, authored by Dr. Karen Wenrich, October 12, 2010. GT cut-off varies by locality from 0.01%-0.05%.

Marquez-Juan Tafoya: The Historical Technical Report, Preliminary Economic Assessment, for Marquez-Juan Tafoya, prepared for Uranium Energy Corporation, was authored by Douglas L. Beahm, P.E., P.G., Principal Engineer of BRS Inc., and Terence P. McNulty, P.E., PhD, McNulty & Associates, dated June 9, 2021. The mineral resources are reported at a 0.60 GT cut-off.

On behalf of the Board of Directors
ANFIELD ENERGY INC.
Corey Dias, Chief Executive Officer

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.

Contact:
Anfield Energy, Inc.
Clive Mostert
Corporate Communications
780-920-5044
contact@anfieldenergy.com
www.anfieldenergy.com

Safe Harbor Statement

THIS NEWS RELEASE CONTAINS “FORWARD-LOOKING STATEMENTS”. STATEMENTS IN THIS NEWS RELEASE THAT ARE NOT PURELY HISTORICAL ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE.

EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS “ESTIMATE,” “ANTICIPATE,” “BELIEVE,” “PLAN” OR “EXPECT” OR SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. RISKS AND UNCERTAINTIES FOR THE COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH MINERAL EXPLORATION AND FUNDING AS WELL AS THE RISKS SHOWN IN THE COMPANY’S MOST RECENT ANNUAL AND QUARTERLY REPORTS AND FROM TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY. OTHER RISKS INCLUDE RISKS ASSOCIATED FUTURE CAPITAL REQUIREMENTS AND THE COMPANY’S ABILITY AND LEVEL OF SUPPORT FOR ITS EXPLORATION AND DEVELOPMENT ACTIVITIES. THERE CAN BE NO ASSURANCE THAT THE COMPANY’S EXPLORATION EFFORTS WILL SUCCEED OR THE COMPANY WILL ULTIMATELY ACHIEVE COMMERCIAL SUCCESS. THESE FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN AND SHOULD ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE COMPANY’S PERIODIC REPORTS FILED FROM TIME-TO-TIME.

THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS.

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To: LoneClone who wrote (22683)6/19/2024 12:51:25 PM
From: LoneClone
   of 23062
 
[Lithium/Cesium/Tantalum] POWER METALS' WORLD-CLASS CESIUM RESULTS CONTINUE TO GROW AT CASE LAKE

newswire.ca

Power Metals Corp. Jun 18, 2024, 08:30 ET

VANCOUVER, BC, June 18, 2024 /CNW/ - Power Metals Corp. ("Power Metals" or the "Company") (TSXV: PWM) (FRANKFURT: OAA1) (OTCQB: PWRMF) is pleased to report high-grade cesium and lithium results on the remainder of exploration drillhole assays from the winter 2024 drill program (the "Program") at its 100% owned Case Lake property (the "Property") in northeastern Ontario. Exploration drilling at the world-class West Joe Prospect has continued to intersect shallow high grade cesium mineralization up to 24.70% (PWM24-198) hosted in pollucite. This is the highest-grade cesium intercept reported to date at West Joe and continues to add confidence to this unique prospect along with lithium intercepts of 2.00 m at 3.55% Li2O (PWM24-188) and 32.44 m at 1.40% Li2O (PWM24-186). In addition, the assay results at the Main Zone continues to deliver encouraging lithium intercepts with the following highlights:













Figure 1 – West Joe Collar Location from 2024 Drilling (CNW Group/Power Metals Corp.)




Figure 2 – Cross section of PWM24-198 with results from West Joe drilling from the Company’s 2024 program, along with previously released results from 2022-2024 (CNW Group/Power Metals Corp.)




Figure 3 – Cross section of PWM24-189 with results from West Joe drilling from the Company’s 2024 program, along with previously released results from 2018 (CNW Group/Power Metals Corp.)




Figure 4 – Main Zone plan View Map Displaying Collar Location from the 2024 Drilling Program (CNW Group/Power Metals Corp.)




Figure 5 – Map of Power Metals current project in northeastern Ontario and northwestern Quebec, Canada (CNW Group/Power Metals Corp.)







HIGHLIGHTS



WEST JOE:

  • PWM-24-201: 7.13 m at 1.21% Li2O, 6.27% Cs2O and 348 ppm Ta from 14.15 m
    • Including 5.00 m @ 1.31% Li2O, 8.81% Cs2O and 265 ppm Ta from 15.00 m
    • Including 1.00 m @ 1.02% Li2O, 19.40% Cs2O and 108 ppm Ta from 17.00 m
  • PWM-24-198: 3.22 m at 1.76% Li2O, 7.32% Cs2O and 140 ppm Ta from 14.78 m
    • Including 2.45 m @ 2.27% Li2O, 9.29% Cs2O and 156 ppm Ta from 15.55 m
    • Including 0.80 m @ 0.36% Li2O, 24.70% Cs2O and 9 ppm Ta from 16.20 m
  • PWM-24-199: 8.11 m at 1.42% Li2O, 4.50% Cs2O and 233 ppm Ta from 7.12 m
    • Including 4.50 m @ 1.42% Li2O, 8.03% Cs2O and 242 ppm Ta from 9.00 m
    • Including 1.00 m @ 1.25% Li2O, 15.90% Cs2O and 102 ppm Ta from 11.00 m
  • PWM-24-189: 8.70 m at 1.74% Li2O, 4.98% Cs2O and 782 ppm Ta from 14.25 m
    • Including 5.00 m @ 1.67% Li2O, 8.59% Cs2O and 1116 ppm Ta from 16.00 m
    • Including 1.00 m @ 2.20% Li2O, 20.14% Cs2O and 459 ppm Ta from 18.00 m
  • PWM-24-202: 7.74 m at 1.82% Li2O, 2.07% Cs2O and 534 ppm Ta from 8.60 m
    • Including 5.00 m @ 1.97% Li2O, 3.13% Cs2O and 670 ppm Ta from 10.00 m
  • PWM-24-191: 5.32 m at 1.01% Li2O, 2.39% Cs2O and 278 ppm Ta from 41.00 m
    • Including 2.00 m @ 0.61 % Li2O, 6.12% Cs2O and 367 ppm Ta from 41.00 m
  • PWM-24-186: 32.44 m at 1.40% Li2O, 0.58% Cs2O and 248 ppm Ta from 10.41 m
    • Including 1.20 m @ 0.62% Li2O, 8.13% Cs2O and 575 ppm Ta from 39.80 m
  • PWM-24-188: 3.47 m at 2.74% Li2O, 4.91% Cs2O and 250 ppm Ta from 23.03 m
    • Including 2.00 m @ 3.55% Li2O, 7.46% Cs2O and 196 ppm Ta from 24.00 m
  • PWM-24-200: 3.00 m at 1.68% Li2O, 3.83% Cs2O and 1002 ppm Ta from 11.00 m
    • Including 1.35 m @ 2.34% Li2O, 4.87% Cs2O and 1474 ppm Ta from 12.65 m
    • Including 0.75 m @ 1.44% Li2O, 6.55% Cs2O and 2201 ppm Ta from 12.65 m
  • PWM-24-187: 6.32 m at 1.24% Li2O, 0.07% Cs2O and 157 ppm Ta from 13.28 m
  • PWM-24-193: 5.65 m at 1.66% Li2O, 0.07% Cs2O and 143 ppm Ta from 19.35 m
  • PWM-24-195: 3.53 m at 1.79% Li2O, 0.03% Cs2O and 387ppm Ta from 49.29 m
CASE LAKE MAIN:

  • PWM-24-169: 4.00 m at 0.99% Li2O and 186 ppm Ta from 54.0 m
    • Including 1.10 m @ 1.10 % Li2O, 1.03% Cs2O and 213 ppm Ta from 56.90 m
  • PWM-24-170: 1.60 m at 1.17% Li2O and 97 ppm Ta from 38.18 m
2024 EXPLORATION DRILL PROGRAM

Exploration results in this news release are the remainder of assays from the outstanding 29 drill holes completed at West Joe and Main Zone from the Company's winter drill program at Case Lake. A table of all collars, composites, and prospects is displayed in Table 1.

Haydn Daxter, Power Metals CEO commented "The results to date from West Joe are incredibly exciting from our winter exploration drilling program that has delivered our highest cesium grades on the property. This unique and complex prospect not only displays world class cesium with 24.70% and also displayed lithium grades up to 3.55% along with tantalum reported at 2201 ppm from recent drilling. These results will continue to build on the potential at the property as we continue our metallurgical test work and prepare for Phase II of drilling this summer".

WEST JOE

The West Joe deposit is a unique, highly fractionated lithium, cesium, tantalum (LCT) pegmatite system that contains world-class high-grade cesium (Cs2O) mineralization hosted in pollucite, along with high-grade lithium and tantalum (Figure 1). It is characterized by two stacked pegmatites that are up to 9 meters thick and extend for 100 meters along strike and open down plunge.

The 2024 winter drill program at West Joe intersected consistent high-grade cesium mineralization in majority of the holes drilled to define and delineate LCT mineralization at West Joe. Several holes that include PWM-24-189, 198, 199, and 201 intersected high-grade cesium in pollucite between 11.9% to 24.7%. The high-grade cesium is bound by consistent medium-grade cesium mineralization between 2% to 9% (Figures 1-3, Table 1). In addition to the high-grade cesium and lithium mineralization, high-grade tantalum mineralization was intercepted above 500 ppm tantalum in multiple drillholes (Table 1). PWM-24-186 was drilled to test consistency of LCT mineralization down dip and plunge of the main dyke at West Joe and confirmed continuity and the widest mineralization at West Joe to date with 32.4 meters of 1.4% Li2O, 0.58% Cs2O, and 248 ppm Ta.

Exploration drill holes have expanded mineralization along-strike and down-dip at West Joe intersecting high-grade cesium, lithium, and tantalum in holes PWM-24-175, 176, 185, 187, 191, and 197, indicating an open mineralization system down plunge of West Joe (Figures 1-3, Table 1). Additional step-out exploration holes drilled to the east and west of West Joe did not intersect significant mineralization, however, did intersect pegmatites that contain anomalous ore-grade tantalum mineralization above 100 ppm. Two samples from drill holes PWM-24-179 and 180 drilled 600 meters along strike to the east of West Joe reported 494 and 207 ppm tantalum respectively.

MAIN ZONE

LCT pegmatite mineralization at Case Main is represented as a stacked pegmatite system that is part of three main dykes, historically referred as South, Main, and North dykes (Figure 4). The high grade LCT pegmatite system at Case Main is up to 35 meters thick and extends for more than 400 meters along strike. Mineralization continues to 100 meters vertical depth and remains open down plunge to the west and along strike to the east.

PWM-24-169 and 170 were drilled to extend historic cesium and lithium mineralization from drill hole PWM-17-49 that reported 3 meters of 1.61% Li2O, 1.35% Cs2O, and 144 ppm Ta. PWM-24-169, drilled to the east at Main Zone intersected 4 meters of 0.99% Li2O, 0.4% Cs2O, and 186 ppm of Ta, indicating open mineralization to the east of Main Zone (Figure 4, Table 1). The 3 meter intercept of LCT mineralization in PWM-24-169 contains 1.1 meters of 1.1% Li2O, 1.03% Cs2O, and 213 ppm of Ta, indicating the potential for cesium mineralization on the south side of the Main dyke at Case Main.

Johnathan More, Chairman of Power Metals commented "We are extremely pleased to see drill assays have added additional high-grade cesium, lithium, and tantalum mineralization at West Joe to this world-class prospect along with producing consistent lithium results from Main Zone. We look forward to our ongoing field activities and commencing our fully funded Phase II drill program in summer at Case Lake."

Table 1 – Summary of Assay Results in Drillholes Reported in this Press Release



Hole ID

 Easting
NAD83

 Northing
NAD83

 Elevation
MASL

 Depth
(m)

 Dip

 Azimuth
NAD83

 From
(m)

 To
(m)

 Significant Intersections

Interval
(m)

 Li2O
%

 Ta
(ppm)

 Cs2O
(%)
Main Zone

PWM-24-169

 578310

 5431684

 345

 201

 -45

 147

 54

 58

 4

 0.99

 186

 0.39
including 1.10m @ 1.1 % Li2O, 1.03% Cs2O, & 213 ppm Ta
from 56.9m
146.7

 148.8

 2.1

 0.36

 195

 0.03
PWM-24-170

 578312

 5431649

 347

 141

 -45

 153

 38.18

 39.78

 1.6

 1.17

 97

 0.04
West Joe
PWM-24-175

 576343

 5431133

 344

 72

 -45

 170

 32

 36

 4

 0.08

 103

 0.02
PWM-24-176

 576343

 5431133

 344

 100

 -54

 152

 27.77

 30.75

 2.98

 0.22

 14

 0.18
PWM-24-178

 576435

 5431269

 337

 252

 -47

 170

 no significant mineralization

PWM-24-179

 577016

 5431116

 347

 171

 -45

 170

 no significant mineralization

PWM-24-180

 576958

 5431182

 343

 171

 -45

 170

 no significant mineralization

PWM-24-181

 576810

 5431024

 346

 147

 -45

 170

 no significant mineralization

PWM-24-182

 576180

 5431131

 345

 152

 -50

 170

 no significant mineralization

PWM-24-183

 576315

 5431141

 344

 72

 -45

 170

 31.37

 34.4

 3.03

 0.85

 722

 0.03
43.9

 50.27

 6.37

 0.11

 117

 0.06
PWM-24-184

 576318

 5431127

 344

 75

 -45

 170

 23.79

 30.04

 6.25

 0.85

 736

 0.68
including 3.35m @ 0.6 % Li2O, 1.2% Cs2O, & 706 ppm Ta
from 26.2m
PWM-24-185

 576329

 5431149

 342

 81

 -45

 150

 52.56

 60.1

 7.54

 0.04

 144

 0.18
including 1.0m @ 0.02 % Li2O, 1.1% Cs2O, & 277 ppm Ta
from 58.5m
PWM-24-186

 576313

 5431096

 347

 102

 -45

 55

 10.41

 42.85

 32.44

 1.40

 248

 0.58
including 1.2m @ 1.01 % Li2O, 3.03% Cs2O, & 232 ppm Ta
from 25.8m
0.8m @ 0.42 % Li2O, 3.02% Cs2O, & 167 ppm Ta
from 33.6m
1.2m @ 0.62 % Li2O, 8.13% Cs2O, & 575 ppm Ta
from 39.8m
PWM-24-187

 576332

 5431110

 345

 60

 -45

 170

 13.28

 19.6

 6.32

 1.24

 157

 0.07
PWM-24-188

 576323

 5431125

 344

 72

 -45

 170

 23.03

 26.5

 3.47

 2.74

 250

 4.91
including 2.0m @ 3.55 % Li2O, 7.46% Cs2O, & 196 ppm Ta
from 24.0m
PWM-24-189

 576307

 5431115

 346

 72

 -45

 170

 14.25

 22.95

 8.7

 1.74

 782

 4.98
including 5.0m @ 1.67 % Li2O, 8.6% Cs2O, & 1116 ppm Ta
from 16.0m
with 1.0m @ 2.2 % Li2O, 20.14% Cs2O, & 459 ppm Ta
from 18.0m

PWM-24-190

 576288

 5431120

 346

 72

 -45

 170

 16.38

 19.28

 2.9

 1.04

 348

 0.06
PWM-24-191

 576294

 5431139

 344

 70

 -45

 170

 41

 46.32

 5.32

 1.01

 278

 2.39
including 2.0m @ 0.61 % Li2O, 6.12% Cs2O, & 367 ppm Ta from 41.0m
PWM-24-192

 576311

 5431137

 344

 72

 -45

 170

 28.1

 31.19

 3.09

 0.95

 572

 0.03
PWM-24-193

 576330

 5431117

 344

 60

 -45

 170

 19.35

 25

 5.65

 1.66

 143

 0.07
PWM-24-194

 576335

 5431171

 340

 81

 -45

 170

 no significant mineralization

PWM-24-195

 576293

 5431152

 343

 81

 -45

 170

 49.29

 52.82

 3.53

 1.79

 387

 0.03
PWM-24-196

 576287

 5431147

 343

 81

 -45

 170

 43

 48.48

 5.48

 0.41

 951

 0.03
PWM-24-197

 576284

 5431144

 344

 81

 -45

 170

 41.88

 45

 3.12

 0.75

 935

 0.05
PWM-24-198

 576316

 5431113

 346

 150

 -45

 170

 14.78

 18

 3.22

 1.76

 140

 7.32
including 2.45m @ 2.27 % Li2O, 9.29% Cs2O, & 156 ppm Ta
from 15.6m
with 0.8m @ 0.36 % Li2O, 24.7% Cs2O, & 9 ppm Ta
from 16.2m

PWM-24-199

 576312

 5431106

 347

 60

 -55

 170

 7.12

 15.23

 8.11

 1.42

 233

 4.50
including 4.5m @ 1.42 % Li2O, 8.03% Cs2O, & 242 ppm Ta
from 9.0m
with 1.0m @ 1.25 % Li2O, 15.9% Cs2O, & 102 ppm Ta
from 11.0m
0.6m @ 1.29 % Li2O, 13.8% Cs2O, & 164 ppm Ta
from 12.9m

PWM-24-200

 576303

 5431109

 346

 60

 -45

 170

 11

 14

 3

 1.68

 1002

 3.83
including 1.35m @ 2.34 % Li2O, 4.87% Cs2O, & 1474 ppm Ta
from 12.65m

PWM-24-201

 576319

 5431115

 346

 60

 -45

 170

 14.15

 21.28

 7.13

 1.21

 348

 6.27
including 5.0m @ 1.31 % Li2O, 8.81% Cs2O, & 265 ppm Ta
from 15.0m
with 1.0m @ 1.84 % Li2O, 11.9% Cs2O, & 240 ppm Ta
from 15.0m
1.0m @ 1.02 % Li2O, 19.4% Cs2O, & 108 ppm Ta
from 17.0m

PWM-24-202

 576312

 5431111

 347

 60

 -45

 170

 8.6

 16.34

 7.74

 1.82

 534

 2.07
including 5.0m @ 1.97 % Li2O, 3.13% Cs2O, & 670 ppm Ta
from 10.0m




Sampling and QAQC Procedures

Samples were taken across every pegmatite and 1.5 meter into the barren host rock on either side of dykes. Sample lengths were around 1-metre NQ core diameter (48 mm), though individual sample length was determined based on internal zoning of the dykes and the locations of their contacts. The sampled core was cut in half with one half being sent for analysis and the other half remaining in the box for reference. All core is stored at Power Metals core storage facility in Cochrane, Ontario. Each sample was put into its own plastic sample bag with a sample tag and closed with zip ties. About 15% of the samples submitted to Activation Laboratories Ltd. ("Actlabs") and SGS Canada ("SGS") for analysis were QAQC samples that were inserted into the sample stream and consist of a high- and low-grade lithium, Tantalum, and Cesium standards, blank material, and duplicates. Samples were dropped at either Actlabs Timmins or SGS Cochrane, in Ontario. Samples submitted to Actlabs were prepped, crushed and pulverized in Timmins and were subsequently sent to Actlabs geochemistry laboratory in Ancaster, Ontario for multi element analysis using sodium peroxide fusion ICP-OES/ICP-MS and borate fusion ICP-MS. Samples submitted to SGS were prepped, crushed, and pulverized in Sudbury and were subsequently sent to SGS Burnaby and SGS Lakefield for multi element analysis using sodium peroxide fusion ICP-AES/ICP-MS and borate fusion XRF. All cesium results above 1% were analyzed using 4-Acid digest AAS at SGS Lakefield.

Actlabs and SGS Canada are independent of the Company.

Further to the Company's news release dated March 28, 2024, the Company announces that the stock options granted to Outside-The-Box will have an expiry date of March 27, 2026. Otherwise, subject to TSX Venture Exchange approval, all other terms of the options as announced on March 28, 2024, remain in full force and effect.

Pursuant to the press release dated August 24, 2023, the Company is continuing to prepare the necessary documents to receive final TSXV approval for the acquisition of the properties, including the preparation of a technical report.

Case Lake Property

The Case Lake Property is located 80 km east of Cochrane, northeastern Ontario close to the Ontario - Quebec border. The Property consists of 585 cell claims in Steele, Case, Scapa, Pliny, Abbotsford and Challies townships, Larder Lake Mining Division. The Property is 10km by 9.5km in size with 14 granitic domes. The Case Lake pegmatite swarm consists of six spodumene dykes known as the North, Main, South, East and Northeast dykes on the Henry Dome, and the West Joe dyke on a new dome, collectively forming mineralization trend that extends for approximately 10km (Figure 5).

Power Metals have completed several exploration campaigns that have led to the discovery and expansion of new and historic spodumene bearing LCT pegmatites at Case Lake. The Company has drilled a total of 19,607 meters of core between 2017 and 2024 at the Property. The Case Lake Property is owned 100% by Power Metals Corp. A National Instrument 43-101 Technical Report has been prepared on Case Lake Property and filed on July 18, 2017.

Pelletier Property

The Pelletier Property is located 50km south of Hearst, northeastern Ontario close to a network of forestry roads. The Property consists of 337 mineral claims that account for a total of 7000 hectares in Franz, Roche, Scholfield, and Talbot townships in the Porcupine mining division. The Pelletier Project is characterized by LCT prospective S-type pegmatitic granites intruding into metasedimentary and amphibolite of the Quetico at or near Archean terrane boundary between the Quetico and Wawa sub-provinces (Figure 5).

Decelles Property

The Decelles Property contains 669 claims, covering 38,404 hectares of LCT prospective ground near the mining centers of Val-dÓr and Rouyn-Noranda, approximately 600km from Montreal. Power Metals acquired the Decelles and Mazerac properties from Winsome Resources in 2023 in a deal that allowed Winsome to increase its stake to 19.59% (Refer to press release announced on August 24, 2023). The geology of Decelles property is part of the Archean Pontiac sub-province where S-type LCT prospective, pegmatite bearing, granitic Decelles Batholith intrudes into metasedimentary units of the Pontiac Group. Spodumene and Beryl bearing pegmatites have been reported historically within the Pontiac sub-province in association with S-type garnet-muscovite granite. The Decelles property is adjacent to Vision Lithium's Cadillac property where discovery of high-grade lithium pegmatites was reported in 2022 (Figure 5).

Mazerac Property

The Mazerac Property is located approximately 30 km east of Power Metals' Decelles property near well-established mining camps in the Abitibi region of Canada and is accessible by network of mining-grade forestry roads. The Mazerac property contains 259 claims that cover 14,700 hectares of LCT prospective ground near the mining center of Val-dÓr and Rouyn-Noranda. The regional geology of Mazerac is similar to Decelles where S-type LCT prospective, pegmatite bearing, granites of Decelles Batholith intrude into metasedimentary units of the Pontiac Group. Spodumene and Beryl bearing pegmatites have been reported historically within the Pontiac sub-province in association with S-type garnet-muscovite granite (Figure 5).

Pollucite and Cesium

Pollucite is a rare mineral that hosts high grade cesium and is associated with highly fractionated, compact, and rare element pegmatites. The main source of cesium known globally is pollucite (Cs,Na)2(Al2Si4O12)•2H2O, c212.net. Currently the Tanco mine in Manitoba, Canada is the only operating cesium deposit and holds over 60% of the known reserves globally.

Scientific and Technical Disclosure

The scientific and technical disclosure included in this news release has been reviewed and approved by Amanuel Bein, P.Geo., Vice President of Exploration for Power Metals, a Qualified Person under National Instrument 43-101 Standards of Disclosure of Mineral Projects. Exploration data was collected and verified following the guidelines outlined in CIM's Mineral Exploration Best Practice Guidelines.

Power Metals

Power Metals Corp. is a diversified Canadian mining company with a mandate to explore, develop and acquire high quality mining projects. We are committed to building an arsenal of projects in both lithium and high-growth specialty metals and minerals. We see an unprecedented opportunity to supply the tremendous growth of the lithium battery and clean-technology industries. Learn more at www.powermetalscorp.com.

ON BEHALF OF THE BOARD

Johnathan More, Chairman & Director

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 the content of this news release.

No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold in the United States, or to, or for the account or benefit of, a "U.S. person" (as defined in Regulation S of the U.S. Securities Act) unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.

Cautionary Note Regarding Forward-Looking Information

This press release contains forward-looking information based on current expectations, including the use of funds raised under the Offering. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, Power Metals assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law.

Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to several factors and risks including various risk factors discussed in the Company's disclosure documents which can be found under the Company's profile onwww.sedar.com.

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The TSXV has neither reviewed nor approved the contents of this press release.

SOURCE Power Metals Corp.

Power Metals Corp., Johnathan More, 646-661-0409, info@powermetalscorp.com



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To: LoneClone who wrote (22684)6/19/2024 1:02:15 PM
From: LoneClone
   of 23062
 
Euro Manganese Announces Completion of Commissioning of its Chvaletice High-purity Manganese Demonstration Plant

ca.finance.yahoo.com

Euro Manganese Inc.
Tue, June 18, 2024 at 2:53 p.m. PDT·7 min read

EUMNF
-0.62%

VANCOUVER, British Columbia, June 18, 2024 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQB: EUMNF; Frankfurt: E06) (the "Company" or "EMN") is pleased to announce the successful completion of commissioning of its high-purity manganese Demonstration Plant at its Chvaletice Manganese Project ("Chvaletice" or the "Project") in the Czech Republic.

Highlights

  • Two independent external laboratories have confirmed that samples of high-purity manganese sulphate monohydrate ("HPMSM") made from high-purity electrolytic manganese metal ("HPEMM") produced at the Demonstration Plant (“DP”) meet the DP design target HPMSM specifications with low levels of impurities.

  • With all modules operating on a consistent basis, and producing on-spec products, this marks the completion of commissioning of the on-site Demonstration Plant.

  • Concurrently, the Permanent Operating Permit for the Demonstration Plant was received from the Department of Building and Spatial Planning of the Municipality of Chvaletice on June 12, 2024.

Final commissioning of the Demonstration Plant is now complete, with HPEMM produced from the electrowinning circuit of the Demonstration Plant used to produce target HPMSM specifications with low levels of impurities. The consistent operation of all modules is the other requirement of commissioning which has now been achieved.

The completion of commissioning of the Demonstration Plant allows the Company to produce bulk, multi-tonne finished product samples of HPMSM and/or HPEMM for prospective customers' supply chain qualification, thereby reducing the timeline to test products from the Chvaletice commercial plant in the future.

There are still optimisation activities underway, and the Demonstration Plant allows the Company to:

  • Collect relevant operational data to feed into the engineering of the commercial plant;

  • Prepare intermediate process stream and residue samples as required for vendor testing of process equipment for the commercial plant, thereby allowing process guarantees on selected vendor packages;

  • Produce by-product samples for testing and potential marketing of such by-products, e.g. magnesium carbonate;

  • Serve as a testing and training facility, providing learning opportunities and lessons that are being fed into the engineering process for the commercial plant; and

  • Test potential additional feedstock for the commercial plant, e.g., manganese by-product from recycled battery black mass processing.

Figure 1 - Chvaletice Process Flow Sheet



The Demonstration Plant can produce the equivalent of approximately 33kg of HPEMM per day which can be converted into approximately 100kg per day of HPMSM

The Demonstration Plant can produce the equivalent of approximately 33kg of HPEMM per day which can be converted into approximately 100kg per day of HPMSM

Dr. Matthew James, President & CEO of Euro Manganese, commented:

“The ability to produce high-purity manganese products from our commissioned Demonstration Plant is a significant milestone for the Company. This enables us to offer prospective customers the optionality of on-spec HPEMM and/or HPMSM products with very tight impurity levels. In fact, some high-purity manganese samples from the Demonstration Plant have already been provided to certain parties to allow them to start or continue with their product qualification process.

While this commissioning process has taken longer than initially expected, the insight gained continues to provide opportunities for engineering and operational process improvements for our planned Chvaletice commercial plant. I am immensely proud of the Demonstration Plant team for their diligence and dedication in having successfully commissioned this facility.”

About Euro Manganese

Euro Manganese is a battery materials company focused on becoming a leading producer of high-purity manganese for the electric vehicle industry. The Company is advancing development of the Chvaletice Manganese Project in the Czech Republic and exploring an early-stage opportunity to produce battery-grade manganese products in Bécancour, Québec.

The Chvaletice Project is a unique waste-to-value recycling and remediation opportunity involving reprocessing old tailings from a decommissioned mine. It is also the only sizable resource of manganese in the European Union, strategically positioning the Company to provide battery supply chains with critical raw materials to support the global shift to a circular, low-carbon economy.

Euro Manganese is dual listed on the TSX Venture and the ASX, and is also traded on the OTCQB.

Qualified Person(s) Statement

The technical information in this news release was prepared under the supervision of Ms. Andrea Zaradic, P. Eng., a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). Ms. Zaradic has reviewed and approved the information in this news release for which she is responsible and has consented to the inclusion of the matters in this news release based on the information in the form and context in which it appears.

Authorized for release by the CEO of Euro Manganese Inc.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) or the ASX accepts responsibility for the adequacy or accuracy of this release.

Inquiries

Dr. Matthew Jame
President & CEO
mjames@mn25.ca

LodeRock Advisors
Neil Weber
Investor and Media Relations – North America
+1 (647) 222-0574
neil.weber@loderockadvisors.com

Jane Morgan Management
Jane Morgan
Investor and Media Relations - Australia
+61 (0) 405 555 618
jm@janemorganmanagement.com.au

Company Address: #709 -700 West Pender St., Vancouver, British Columbia, Canada, V6C 1G8
Website: www.mn25.ca

Forward-Looking Statements

Certain statements in this news release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of the Company, its Chvaletice Project, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

Readers are cautioned not to place undue reliance on forward-looking information or 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.

Such forward-looking information or statements also include, but are not limited to, statements regarding the Company’s intentions regarding the development of the Chvaletice Project, the ability to produce bulk samples of HPMSM and/or HPEMM for prospective customers' supply chain qualification, and any reduction to the timeline to test products from the Chvaletice commercial plant, the ability to provide process guarantees, ability to produce by-product samples for testing and potential marketing, and the ability to test additional potential feedstock for the commercial plant.

All forward-looking statements are made based on the Company's current beliefs including various assumptions made by the Company including that the Demonstration Plant will continue to operate consistently, the Chvaletice Project will be developed and operate in accordance with current plans, and that the Company will meet the conditions of its secured loan, and obtain sufficient additional financing and that potential customers will want the Company’s products.. Factors that could cause actual results or events to differ materially from current expectations include, among other things: risks related to acquisition of surface rights; securing sufficient offtake agreements; risks related to granting security; the availability of acceptable financing for developing and advancing the Chvaletice Project and for continued operations; the potential for unknown or unexpected events to cause contractual conditions to not be satisfied; developments in EV (Electric Vehicles) battery markets and chemistries; and risks related to fluctuations in currency exchange rates, changes in laws or regulations; and regulation by various governmental agencies. For a further discussion of risks relevant to the Company, see "Risk Factors" in the Company's annual information form for the year ended September 30, 2023, available on the Company's SEDAR+ profile at www.sedarplus.ca.

Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.

A photo accompanying this announcement is available at globenewswire.com

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To: LoneClone who wrote (22685)6/19/2024 1:08:47 PM
From: LoneClone
   of 23062
 
Sayona Mining/Piemont Lithium: Further high-grade drilling results at North American Lithium

ca.finance.yahoo.com

Sayona Mining
Wed, June 19, 2024 at 8:05 a.m. PDT·5 min read



  • SYAXF
    +13.91%

  • Latest results for 36 new drillholes totalling 8,803 m for Sayona’s North American Lithium (NAL) operation, Québec, Canada with highlights including:

    • North-West Extension - New Pegmatites

      • 21.00m @ 1.55% Li2O from 352.90m in drillhole LAN-24-153A

      • 25.50m @ 1.64% Li2O from 308.20m in drillhole LAN-24-156

      • 25.35m @ 1.76% Li2O from 269.25m in drillhole LAN-24-159

      • 18.40m @ 1.54% Li2O from 356.05m in drillhole LAN-24-159

    • Resources Area - Potential Resources Upgrade or Conversion

      • 26.05m @ 1.66% Li2O from 324.25m in drillhole LAN-23-010-W1

      • 19.90m @ 1.52% Li2O from 52.20m in drillhole LAN-23-072

  • All assay results of the 2023 drilling campaign are now completed, validated and released (24 holes for 4,9001 m in this release)

  • High-grade results were obtained from the first 2024 drillholes (12 drillholes and wedges totalling 3,903 m).

  • Further drilling program totalling approximately 30,000 m to be completed at NAL throughout 2024.

MONTRÉAL, June 19, 2024 (GLOBE NEWSWIRE) -- North American lithium producer Sayona Mining Limited (“Sayona”) (ASX:SYA; OTCQB:SYAXF) announced today the results from 36 new drillholes totalling 8,803 metres at the Company’s North American Lithium (NAL) operation (Sayona 75%; Piedmont Lithium 25%) in Québec, Canada, demonstrating the high-grade nature of this strategic asset.

All the drilling results from the 2023 exploration program are now complete, validated and released and the first results from the 2024 exploration drilling program, which is currently underway, are reported in this release. The 2023 drill program has been a successful in demonstrating the potential to increase the mineral resource base at NAL. The 2023 drill program was designed to test extensions to mineralisation and provide in-fill data for the upgrade of Mineral Resource categories. The latest drilling results include the identification of high-grade lithium mineralisation outside the Mineral Resource estimate (MRE) pit shells, particularly in the North-West and South-East extensions, and support potential conversion of some of the Inferred resources to Indicated category within the MRE pit shells.

Sayona’s Interim CEO, James Brown commented: “We are delighted to have another strong set of drilling results from North American Lithium which continue to highlight the superb quality of this mine.

“The results reported today have shown that mineralisation continues outside of the existing MRE pit shells so the next key step will be to complete a recalculation of the MRE to include recent drilling.

“Additionally, we will also complete a further 30,000 metres of drilling throughout 2024 to better understand the full potential of the NAL mineralisation.”

For more information, please contact:

For community and local media enquiries, please contact:

Andrew Barber

Bianca Galimi

Investor Relations

Communications and Community Relations

Ph: +617 3369 7058

Ph: +1 819 856-3288

Email: ir@sayonamining.com.au

Email: bianca.galimi@sayona.ca


About Sayona Mining

Sayona Mining Limited is a North American lithium producer (ASX:SYA; OTCQB:SYAXF), with projects in Québec, Canada and Western Australia.

In Québec, Sayona’s assets comprise North American Lithium together with the Authier Lithium Project and the Tansim Lithium Project, supported by a strategic partnership with American lithium developer Piedmont Lithium Inc. Sayona also holds a 60% stake in the Moblan Lithium Project in northern Québec.

In Western Australia, the Company holds a large tenement portfolio in the Pilbara region prospective for gold and lithium. Sayona is exploring for Hemi style gold targets in the world class Pilbara region, while its lithium projects include Company-owned leases and those subject to a joint venture with Morella Corporation.
For more information, please visit us at www.sayonamining.com.au

The original version of the press release is available at the following link: globenewswire.com

References to Previous ASX Releases

  • New high-grade zones discovered at North American Lithium – 13 May 2024

  • New high-grade zones encountered in NAL drilling – 2 November 2023

  • DFS confirms NAL value with A$2.2B NPV – 14 April 2023

The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and all material assumptions and technical parameters continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements.

Competent and Qualified Person Statement

The information in this announcement relating to Exploration Results is based on, and fairly represents, information and supporting documentation prepared by Mr. Carl Corriveau, PGeo, VP Exploration of Sayona, Mr Alain Carrier, PGeo, independent consultant (InnovExplo) and Mr Ehouman N’Dah, PGeo, Exploration Manager of Sayona who are all members of the Quebec Order of Geologists, a Registered Overseas Professional Organisation as defined in the ASX Listing Rules, and has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which has been undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” and are Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr Carrier, Corriveau and N’Dah consent to the inclusion in this release of the matters based on the information in the form and context in which they appear.

Forward Looking Statements

This press release contains certain forward-looking statements. Such statements include, but are not limited to, statements relating to "reserves" or "resources". Forward-looking statements are based on certain assumptions and involve known and unknown risks, uncertainties and other factors, many of which are beyond Sayona’s control. Actual events or results may differ materially from the events or results expressed or implied in any forward-looking statement. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such forward-looking statements.



  • PLL
    -4.97%



  • PLLTL
    -8.71%


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    To: LoneClone who wrote (22686)6/19/2024 1:10:53 PM
    From: LoneClone
       of 23062
     
    [Titanium]
    Blackbird Samples Additional Massive Ilmenite at the Big Tio and NS Trend Targets

    newsfilecorp.com

    June 18, 2024 8:00 AM EDT | Source: Blackbird Critical Metals Corp.

    Vancouver, British Columbia--(Newsfile Corp. - June 18, 2024) - Blackbird Critical Metals Corp. (CSE: BBRD) (FSE: N79) (OTCQB: BBCMF) ("Blackbird" or the "Company") is pleased to provide an initial update on the recently announced ground exploration program. The goal of this program is to assess additional targets highlighted by the SkyTEM survey completed in the fall of 2023 at the Tyee Critical Metals Project, located 130 km north of Havre-Saint-Pierre in Quebec.

    Highlights:

    • Massive ilmenite was sampled in outcrop for the first time at the southern end of the Big Tio target
    • Ground exploration further detailed the Big Tio and NS Trend targets through beep mat prospecting and mapping
    • Massive ilmenite found to occur both with accessory sulphide minerals and magnetite, giving the occurrences a varying conductive and geophysical signature, an important finding for the planning of future exploration programs
    "The current ground exploration program is progressing well, and crews have been able to effectively assess new targets as well as further define the known drill targets," stated Dr. Jaap Verbaas, CEO of Blackbird. "We remain confident in our ability to drill this year and, the current ground program continues to validate our confidence in the project through a much better understanding of how our geophysical data relates to massive ilmenite that continues to be identified on the project."



    Figure 1. New outcrop discovery of massive ilmenite at the Big Tio target.

    To view an enhanced version of this graphic, please visit:
    images.newsfilecorp.com

    Additional massive ilmenite uncovered at the Big Tio target
    Crews have identified additional massive ilmenite mineralization at the Big Tio target, further defining this substantial target. This sample was taken at the south end of the 1.5 km long anomaly where only float was found during the previous program.

    Another sample was taken in an area where ground geophysical tools did not identify any conductivity and only very weak magnetism. This implies that the geophysical response of the massive ilmenite found to date was dominantly through accessory minerals such as sulphides and lesser magnetite.

    NS Trend Target
    Further prospecting and sampling on the NS trend has yielded additional massive ilmenite samples within the anomaly. The NS trend is almost completely covered under thin overburden, complicating detailed geological mapping. However, along the boundary of the NS trend anomaly exploration crews have uncovered thin lenses of ~2 m wide massive ilmenite. The NS trend itself is likely an NS trending lens. Geophysical and geological data collected to date suggests a strike length of up to 3 km.

    About the Tyee Critical Metals Project
    The Tyee Critical Metals Project is a 100% owned 625 km2 critical metals project with surface mineralization of copper, nickel, cobalt, titanium, vanadium and scandium 130 km north of Havre St. Pierre in Quebec. There are no encumbrances or underlying NSR interests on the property.

    The project covers a large portion of the Havre St. Pierre anorthosite complex. The HSP Complex is an intrusive suite of rocks to the north of Havre-Saint-Pierre, Quebec. The complex contains the Lac Tio titanium mine, the largest solid ilmenite deposit in the world, owned by Rio Tinto. This mine has been producing high grade titanium for the past 75 years and is located 100 km to the south of the Tyee Critical Metals Project.

    Blackbird Critical Metals acquired the Tyee Critical Metals Project in 2022 and flew a property wide SkyTEM geophysical survey of over 3,500 line km at 200 m line spacing. The detailed geophysical data revealed over 60 conductive targets that were followed up with ground exploration. The ground exploration yielded 8 large occurrences of massive ilmenite with grades of up to 36% TiO2 and 4 occurrences with nickel and copper mineralization of up to 0.75% Ni and 0.81% Cu in gossans.

    Qualified person
    Ryan Versloot, P.Geo., a "Qualified Person" for the purposes of National Instrument 43-101, has reviewed and approved the contents of this news release.

    About Blackbird Critical Metals Corp.
    Blackbird is a Canadian company listed on the Canadian Securities Exchange (CSE: BBRD), the OTCQB Exchange (OTCQB: BBCMF) and the Frankfurt Stock Exchange (FSE: N79). The Company is a mineral exploration company focused on the acquisition, exploration, and development of critical metal properties containing minerals used in green technologies and the renewable energy sector. The Company owns 100% of the Tyee Critical Metals Project located in North-Eastern Quebec and has the right to acquire a 100% interest in the Muskox Lithium Pegmatite Project located within the Yellowknife Pegmatite Province in the Northwest Territories.

    ON BEHALF OF THE BOARD,
    Dr. Jacob Verbaas, P.Geo. | CEO

    For further information please contact:
    Focus Communications
    Tel: +1 647 689 6041
    Email: info@fcir.ca

    Forward-Looking Statements

    This press release contains certain forward-looking statements as well as historical information. Readers should not rely on information in this summary for any purpose other than for gaining general knowledge of the Company. The words "expected", "will" and similar expressions are intended to be among the statements that identify forward-looking statements. Although the Company believes that its expectations as reflected in any forward-looking statements, are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates, opinions or other factors should change.

    The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

    SOURCE: Blackbird Critical Metals Corp.

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    To: LoneClone who wrote (22687)6/19/2024 1:12:44 PM
    From: LoneClone
       of 23062
     
    [Graphite] South Star Battery Metals Announces Land Purchase, Construction Update, and the Approval of the Definitive Mining Licenses For Phases 1, 2 & 3 for its Santa Cruz Graphite Mine in Brazil

    accesswire.com

    Wednesday, 19 June 2024 09:25 AM

    Santa Cruz Graphite Mine Highlights:

    • Final payment of land purchase for Phase 1 Plant and Operations.
    • Approval of the Definitive Mining Licenses For Phases 1, 2 & 3. All mining and environmental licenses/permits are approved and in-hand for the future phased, modular expansion of Santa Cruz graphite production up to 50,000 tonnes/year.
    • Phase 1 construction is on schedule for substantial completion by the end of June 2024 followed by a 6-week plant commissioning and ramp-up period. Commercial sales are planned to start in September 2024. Name plate production capacity is expected to be reached in Q4 2024.
    VANCOUVER, BC / ACCESSWIRE / June 19, 2024 / South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV: STS)(OTCQB: STSBF) is pleased to announce the final payment of the previously announced ( Aug. 02, 2022) land purchase required for construction of the Phase 1 mine and plant facilities. The farm totals approximately 325 hectares and is where all the plant facilities, mine and infrastructure installations are required for the first three years of operations at its Santa Cruz Graphite Project in Bahia, Brazil.

    Santa Cruz Graphite Definitive Mining License For Phases 1, 2 and 3 and Mine Construction Update

    The definitive mining license for 5 areas totaling 4,431 hectares for South Star's flagship Santa Cruz Graphite Mine ("Santa Cruz") in northeastern Brazil's Bahia state has been approved by the Brazilian Ministry of Mines and Energy ("MME"). These licenses are for life-of-mine and include all the main areas required for Phases 1, 2 and 3 mining operations. Three additional claims are in final evaluation at MME, and the Company expects approval by Q3 2024.

    South Star's flagship Santa Cruz Graphite Mine ("Santa Cruz") in northeastern Brazil's Bahia state is scheduled to complete construction of the Phase 1 plant in June of 2024, followed by an estimated six weeks of commissioning and production ramp-up. The current Phase 1 plant can produce approximately 1,000 tonnes per month, once steady-state operations are reached.

    Richard Pearce, CEO of South Star, remarked, "The Company now owns the land where our Phase 1 installations and operations are located, and the purchase further strengthens our balance sheet. With the approval of the definitive mining licenses, Phases 2 and 3 of Santa Cruz are now derisked from a permitting and licensing standpoint, and we have a clear path to scaling production as the markets and our clients ask for additional high-quality Brazilian graphite concentrates. Our agreement with Sprott already secures approximately 50% of our Phase 2 CAPEX, and our team is pushing to complete an updated Feasibility Study on Santa Cruz incorporating Phase 3 production. As promised, our team is executing on our strategy to deliver responsible production with phased, modular plants, scalable assets in Tier-1 jurisdictions, and a go-to-market strategy to take advantage of being one of the first movers in the Americas. Santa Cruz is the first new graphite production in the Americas since 1996."

    # # #

    ABOUT SOUTH STAR BATTERY METALS CORP.

    South Star Battery Metals Corp. is a Canadian battery metals project developer focused on the selective acquisition and development of near-term production projects in the Americas. South Star's Santa Cruz Graphite Project, located in Southern Bahia, Brazil is the first of a series of industrial and battery metals projects that will be put into production. Brazil is the second-largest graphite-producing region in the world with more than 80 years of continuous mining. Santa Cruz has at-surface mineralization in friable materials, and successful large-scale pilot-plant testing (> 30t) has been completed. The results of the testing show that approximately 65% of graphite concentrate is +80 mesh with good recoveries and 95%-99% graphitic carbon (Cg). With excellent infrastructure and logistics, South Star is fully funded for Phase 1, and the construction and commissioning are underway. Santa Cruz will be the first new graphite production in the Americas since 1996, with Phase 1 commercial production projected in Q3 2024. Phase 2 production (25,000 tpa) is partially funded and planned for 2026, while Phase 3 (50,000 tpa) is scheduled for 2028.

    South Star's second project in the development pipeline is strategically located in Alabama in the center of a developing electric vehicle, aerospace, and defense hub in the southeastern United States. The BamaStar Project includes a historic mine active during the First and Second World Wars. A NI43-101 technical report with the maiden resource estimate has been filed on SEDAR. Trenching, Phase 1 drilling, sampling, analysis, and preliminary metallurgical testing have been completed. The testing indicates a traditional crush/grind/flotation concentration circuit that achieved grades of approximately 94-97% Cg with approximately 86% recoveries. South Star is executing on its plan to create a multi-asset, diversified battery metals company with near-term operations in strategic jurisdictions. South Star trades on the TSX Venture Exchange under the symbol STS, and on the OTCQB under the symbol STSBF.

    South Star is committed to a corporate culture, project execution plan and safe operations that embrace the highest standards of ESG principles, based on transparency, stakeholder engagement, ongoing education, and stewardship. To learn more, please visit the Company website at http://www.southstarbatterymetals.com.

    This news release has been reviewed and approved by Richard Pearce, P.E., a "Qualified Person" under National Instrument 43-101 and President and CEO of South Star Battery Metals Corp.

    On behalf of the Board,

    MR. RICHARD PEARCE

    Chief Executive Officer

    For additional information, please contact:

    South Star Investor Relations
    Email: invest@southstarbatterymetals.com
    Phone: +1 (604) 706-0212

    Website: www.southstarbatterymetals.com

    Twitter: https://twitter.com/southstarbm

    Facebook: https://www.facebook.com/southstarbatterymetals

    LinkedIn: https://www.linkedin.com/company/southstarbatterymetals/

    YouTube: South Star Battery Metals - YouTube

    CAUTIONARY STATEMENT

    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 press release.

    FORWARD-LOOKING INFORMATION

    This press release contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements". Forward-looking statements in this press release include, but are not limited to statements regarding moving Santa Cruz into production and scaling operations as well as advancing the Alabama project; and the Company's plans and expectations.

    Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.

    SOURCE: South Star Battery Metals Corp.

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    To: LoneClone who wrote (22688)6/19/2024 1:17:36 PM
    From: LoneClone
       of 23062
     
    Cruz Engages Apex Geoscience for the Hector Silver-Cobalt Project in Ontario

    newsfilecorp.com

    June 19, 2024 3:01 AM EDT | Source: Cruz Battery Metals Corp.

    Vancouver, British Columbia--(Newsfile Corp. - June 19, 2024) - Cruz Battery Metals Corp. (CSE: CRUZ) (OTC Pink: BKTPF) (FSE: A3CWU7) ("Cruz" or the "Company") is pleased to announce that it has engaged APEX Geoscience Ltd., ("Apex") based out of Edmonton, Alberta to assist in updating the Company's 43-101 Technical Report on the 100%-owned 5,542-acre 'Hector Silver-Cobalt Project' located in the historic silver-cobalt producing region of Cobalt, Ontario.

    Jim Nelson, President of Cruz Battery Metals stated, "We are pleased to have engaged Apex, who we have successfully worked with in the past, to update the 43-101 Technical Report on the Hector Project. Silver prices have been breaking out in 2024, so this is a great time to be updating our silver-cobalt projects, along with formulating plans for getting back to work on our Solar Lithium Project in Nevada. With over $1.5 million in the bank, we have more than enough cash on hand to carry out all the planned 2024 work programs and marketing initiatives. This will provide Cruz with an increased stream of news flow for the second half of 2024 and puts Cruz in a position towards building shareholder value."

    The technical contents of this release were reviewed and approved by Frank Bain, PGeo, a qualified person as defined by National Instrument 43-101. Cruz Management cautions that past results or discoveries on properties in proximity to Cruz may not necessarily be indicative of the presence of mineralization on the Company's properties.

    About Cruz Battery Metals Corp.

    Cruz currently has several projects located throughout North America. Cruz's Nevada lithium projects consist of the 8,135-acre 'Solar Lithium Project' and the 240-acre 'Clayton Valley Lithium Project'. Cruz's 5,542-acre Hector cobalt project is located in the vicinity of the town of Cobalt, Ontario, which is prospective for cobalt, silver, and diamonds. Cruz's Idaho projects include the 2,211-acre 'Idaho Cobalt Belt Project' and the 80-acre 'Idaho Star Cobalt Project'. Management cautions that past results or discoveries on properties in proximity to Cruz may not necessarily be indicative of the presence of mineralization on the Company's properties.

    If you would like to be added to Cruz's news distribution list, please send your email address to info@cruzbatterymetals.com.

    Cruz Battery Metals Corp.

    "James Nelson"

    James Nelson
    President, Chief Executive Officer, Secretary and Director

    For more information regarding this news release, please contact:
    James Nelson, CEO and Director
    T: 604-899-9150
    Toll free: 1-855-599-9150
    E: info@cruzbatterymetals.com
    W: www.cruzbatterymetals.com
    Twitter: @CruzBattMetals

    Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

    SOURCE: Cruz Battery Metals Corp.

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