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   Gold/Mining/EnergyMining News of Note


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To: LoneClone who wrote (162569)1/5/2022 1:38:35 PM
From: LoneClone
   of 169762
 
Idaho Strategic Drilling Extends Klondike Zone with High Grade Intercepts - Highlighted by 793 g/t Au Over 0.1m

accesswire.com

Wednesday, January 5, 2022 9:00 AM

COEUR D'ALENE, ID / ACCESSWIRE / January 5, 2022 / Idaho Strategic Resources, Inc. (OTCQB:NJMC) ("IDR", "Idaho Strategic" or the "Company") is pleased to provide the latest exploration results from the Company's 2021 drill program at the Golden Chest mine. These recent results come from drill holes GC 21-208 and GC 21-209 in the Klondike area, located north of current underground operations in the Skookum.

These latest intercept highlights below are reported in grams of gold per tonne (g/t) and in drilled thickness, as vein orientations have yet to be determined.

GC 21-208

  • 20.66 g/t gold over 1.3 meters from 184.8 to 186.1 m
  • 29.64 g/t gold over 2.7 meters from 213.8 to 216.5 m
    • Includes 793 g/t Au (2nd highest grade drill intercept at GC) sample over 0.1m
GC 21-209

  • 1.06 g/t gold over 50 meters from 186.0 to 236 m including the following higher-grade intervals:
    • Includes 4.79 g/t gold over 7.3 meters from 190.6 to 197.9 m
    • Includes 8.54 g/t gold over 2.6 meters from 195.3 to197.9 m
  • 10.72 g/t gold over 2.2 meters from 258.3 to 260.5 m
Drillhole GC 21-208 is the last hole drilled from the first pad in the Klondike area, whereas GC 21-209 is located on a separate pad approximately 50 meters south of this previous drilling. The high-grade intervals are anchored by widespread sections of low-grade gold mineralization (Figure 1). The high-grade intervals are highlighted by the 793 g/t Au sample over 0.1 m in hole GC 21-208, as shown by the easily visible gold contained in quartz veinlets (Photo 1). In contrast, gold mineralization is more widespread and continuous in drillhole GC 21-209 which exposed 1.06 g/t Au over 50 meters. These areas of widespread gold mineralization are associated with strong silicification and hornfels alteration.

The IDR drillers have kept the company-owned core drill turning in the Klondike area through fall and early winter due to these superlative drill results. To date, drillholes completed in the Klondike area are GC 21-203 (273m), GC 21-204 (276m), GC 21-205 (281m), GC 21-206 (lost at 49m), GC 21-207 (271m), GC 21-208 (294m) and GC 21-209 (323m). Thus far, this drilling has delineated a mineralized body with 100 meters of strike and 100 meters of dip with varying thicknesses - and it continues to expand with each additional drill hole.

Discovering this new zone of mineralization in the Klondike area is only one of the highlights of our very successful 2021 Golden Chest drill program. We are currently finishing Klondike hole (GC 21-210) and additional holes are planned in this area. The focus of our drilling remains mineral resource expansion in concert with planning production options to access, develop and extract this new gold resource area. Our 2022 Golden Chest exploration drill program includes more step-out drill holes in order to build from the impressive drilling and exploration accomplishments of 2021.

NJMC's Vice President of Exploration, Rob Morgan commented, "It feels like are walking into something big and may be on the cusp of a great discovery. Our drilling has demonstrated that the gold is there, and the intercepts seem to get better with each new hole. Even for a high-grade orogenic deposit like ours, to see assays exceeding 100 g/t gold are remarkable and to have grades of 793 g/t, or almost 25 ounces per ton, is amazing. We need to add drill holes on the east (up dip), west (down dip) and to the south along strike, however the results to date are impressive. Of course, there remains much more drilling to do to further refine this mineralized body, but I see that as a good problem to have."

Qualified Person

NJMC's Vice President of Exploration, Robert John Morgan, PG, PLS is a qualified person as such term is defined in National Instrument 43-101 and has reviewed and approved the technical information and data included in this press release.

QA/QC

Core samples are delivered by the driller to a secure facility prior to logging by Company geologists. Core is then logged and samples for assay are obtained by sawing the core in half longitudinally while trying to ensure a representative sample is submitted to the laboratory for analysis. All the samples were analyzed by American Analytical of Osburn, Idaho, an ISO certified laboratory. Samples were analyzed using lead collection fire assay with a gravimetric finish. A series of known assay standards are submitted with each drill hole as part of the quality assurance-quality compliance program. Assay results are utilized in decision making related to exploration, resource modeling, stope and mine development and other tasks related to mine production and milling.

Figure 1.

Photo 1.

About Idaho Strategic Resources, Inc.

Domiciled in Idaho and headquartered in the Panhandle of northern Idaho, Idaho Strategic Resources (IDR) is one of the few resource-based companies (public or private) possessing the combination of officially recognized U.S. domestic rare earth element properties (in Idaho) and Idaho-based gold production located in an established mining community.

Idaho Strategic Resources produces gold at the Golden Chest Mine located in the Murray Gold Belt (MGB) area of the world-class Coeur d'Alene Mining District, north of the prolific Silver Valley. With over 5,000 acres of patented and un-patented land, the Company has the largest private land position in the area following its consolidation of the Murray Gold Belt for the first time in over 100-years.

In addition to gold and gold production, the Company maintains an important strategic presence in the U.S. Critical Minerals sector, specifically focused on the more "at-risk" Rare Earth Elements (REE's). The Company's Diamond Creek and Roberts REE properties are included the U.S. national REE inventory as listed in USGS, IGS and DOE publications. Both projects are located in central Idaho and participating in the USGS Earth MRI program.

With an impressive mix of experience and dedication, the folks at IDR maintain a long-standing "We Live Here" approach to corporate culture, land management, and historic preservation. Furthermore, it is our belief that successful operations begin with the heightened responsibility that only local oversight and a community mindset can provide. Its "everyone goes home at night" policy would not be possible without the multi-generational base of local exploration, drilling, mining, milling, and business professionals that reside in and near the communities of the Silver Valley and North Idaho.

For more information on Idaho Strategic Resources go to www.idahostrategic.com or call:

Monique Hayes, Corporate Secretary/Investor Relations
Email: monique@idahostrategic.com
(208) 625-9001

Forward Looking Statements

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended that are intended to be covered by the safe harbor created by such sections. Such statements are based on good faith assumptions that Idaho Strategic Resources believes are reasonable, but which are subject to a wide range of uncertainties and business risks that could cause actual resultsto differ materially from future resultsexpressed, projected, or implied by such forward-looking statements. Such factors include, among others: the risk that results of current exploration activities will further define an economic viable resource at the Golden Chest Mine, the impact of supply chain risks and expanding needs of operations as inventory increases; an increased risk associated with production activities occurring without completion of a feasibility study of mineral reserves demonstrating economic and technical viability; environmental hazards, industrial accidents, weather or geologically related conditions; changes in the marketprices of gold and silverand the potential impact on revenues from changes in the market price of gold and cash costs; a sustained lower price environment; risks relating to widespread epidemics or pandemic outbreaks including the COVID-19 pandemic; the potential impact of COVID-19 on our workforce, suppliers and other essential resources, including our ability to access goods and supplies, the ability to transport our products and maintain employee productivity; the risks in connection with the operations, cash flow and results of the Company relating to the unknown duration and impact of the COVID-19 pandemic; as well as other uncertainties and risk factors. Actual results,developments and timetables could vary significantly from the estimates presented.

Readers are cautioned not to put undue reliance on forward-looking statements. Idaho Strategic Resources disclaims any intent or obligation to update publicly such forward-looking statements, whether a result of new information, future events or otherwise.

SOURCE: Idaho Strategic Resources, Inc.

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To: LoneClone who wrote (162570)1/5/2022 2:46:12 PM
From: LoneClone
   of 169762
 
Fancamp Exploration: Key mineralized horizon marker and untested geophysical anomaly identified through data compilation and modelling for Fancamp’s Clinton Copper- Zinc- precious metal volcanogenic massive sulphide project

ca.finance.yahoo.com

Fancamp Exploration Ltd.
Wed., January 5, 2022, 6:17 a.m.·6 min read

VANCOUVER, British Columbia, Jan. 05, 2022 (GLOBE NEWSWIRE) -- Fancamp Exploration Ltd. (“Fancamp” or the “Corporation”) (TSX Venture Exchange: FNC) is pleased to provide an update on its data compilation and target generation for its Clinton VMS (volcanogenic massive sulphide) exploration project (Figure 1).

The Clinton copper zinc massive sulphide project was the site of mining at shallow depth between 1973 to 1975 and has been the site of multiple exploration programs over the past 75 years, including airborne geophysics and drilling (predominantly to less than 250 meters vertical).

Complex post – mineralization deformation and the lack of prior data compilation and integration has hindered exploration on the property. Fancamp has retained the services of Mira Geoscience Ltd. (“Mira”) to conduct compilation, modelling and exploration targeting over its Clinton and other properties using the latest tools including using a combination of domain expertise modelling and artificial intelligence (“AI”). This newly completed data compilation and geological modeling exercise has identified the presence of two potential exhalative units bounding the Cu-Zn-precious metals mineralized horizon, which also correspond to several interpreted VTEM plate anomalies. The identification of a favorable geologic horizon marker, together with an understanding of the folding and faulting on the property, will greatly aid drill targeting for this program.

In the northern part of the property, one of the VTEM conductive plates appears to have not been drill tested, although significant copper values were recorded in a series of drill holes situated about 200 meters to the south (Figures 2 and 3). To test this hypothesis, a 2,500 meter drilling program is scheduled to start in Q1 2022. Fancamp believes the use of Mira’s technology and innovative AI methodology will help decipher the large amounts of data available in public filing and company records. Mira’s technology is being used for other targeted properties such as Harvey Hill and Stoke in the Eastern Townships of Québec.

About the Clinton Project

The Clinton Project, underlain by a folded and faulted bimodal volcanic sequence and hosting lenses of Cu – Zn precious metals volcanogenic massive sulphide mineralization, is situated approximately 20 km southwest of the town of Megantic, immediately north of the Maine border (Figure 1). It covers about 20 km of favorable stratigraphy of the Clinton River volcano-sedimentary Belt. From inception of exploration in the early part of the 20th century, the property has been the site of multiple exploration programs. Since 1953, some 59,694 meters of drilling in 286 holes was performed. The property was further the site of a mining operation from 1973-75, and, reportedly, 122,251 tons were mined at an average grade of 2.08% Cu, 1.54% Zn in five lenses: A, C, E, F, and O [MRNFQ Fiche de Gite 21E07-0007]. A historical resource, non-43-101 compliant report was completed in the past and cannot be relied upon. Since its acquisition in 2010, Fancamp has conducted several drilling programs on the property. The best drilling intercepts returned (Fancamp program) was 1.79% Cu over 6.19m within a 14.58m wide zone of 1.09% Cu (Fancamp's Press Release of July 16, 2012), and 1.27% Cu, 1.14% Zn, and 11 gpt Ag over 11m (V3 zone, Fancamp's Press Release of Oct. 14, 2014), and 2.78% Cu and 16.9 gpt Ag over 24.7m (V1 zone, Fancamp's Press Release of Oct. 14, 2014).

Qualified Person

The technical information contained in this press release was reviewed and approved by François Auclair, P Geo, M.Sc., Fancamp’s, Vice President Exploration, and is designated as a Qualified Person under National Instrument 43-101.

Quality Control

Assays for the diamond drill programs were analyzed by Activations Laboratories Ltd. in Ancaster, Ontario. The Corporation inserts quality control samples (blanks, standard reference material, and duplicates) at regular intervals to monitor laboratory performance. Standard samples are inserted every 15-20 samples, with additional standard material added to mineralized zones. Reference samples are obtained from OREAS (Ore Research and Exploration P/L ABN) and comprised OREAS 620 (0.173% Cu), and OREAS 624 (3.10% Cu). Blanks are inserted every 15-20 samples and are obtained from a deposit of pure quartzite. Field duplicates are inserted every 20 samples.

About Fancamp Exploration Ltd. (TSX-V: FNC)

Fancamp is a growing Canadian mineral exploration corporation dedicated to its value-added strategy of advancing its priority mineral properties through exploration and innovative development. The Corporation owns numerous mineral resource properties in Quebec, Ontario and New Brunswick, including chromium, strategic rare-earth metals, gold, zinc, titanium and more. Fancamp’s chromium properties in the highly sought-after Ring of Fire in Northern Ontario are strategically located. Its rare earth element properties in Quebec are a special focus. Fancamp has investments in an existing iron ore operation in the Quebec-Labrador Trough, in addition to an investment in a zinc mine planned to be restarted in Nova Scotia. Fancamp is developing energy reduction technology with its advanced Titanium extraction strategy. The Corporation is managed by a focused leadership team with decades of mining, exploration and complementary technology experience.

Forward-looking Statements

This news release contains certain “forward-looking statements” or “forward-looking information” (collectively referred to herein as “forward-looking statements”) within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Corporation. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or are events or conditions that “will”, “would”, “may”, “could” or “should” occur or be achieved.

Although Fancamp believes that the material factors, expectations and assumptions informing such forward-looking statements are reasonable based on information available to it on the date such statements were made, no assurances can be given as to future results of such statements.

Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from those anticipated in such forward-looking statements.

Readers are cautioned that the foregoing list of factors is not exhaustive. Statements including forward-looking statements are made as of the date they are given and, except as required by applicable securities laws, Fancamp disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

For Further Information

Rajesh Sharma, President & Chief Executive Officer
+1 (604) 434 8829
info@fancamp.ca

Debra Chapman, Chief Financial Officer
+1 (604) 434 8829
info@fancamp.ca


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

Figures 1, 2, and 3 are available at ml.globenewswire.com

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To: LoneClone who wrote (162571)1/5/2022 2:48:07 PM
From: LoneClone
   of 169762
 
Amex Reviews 2021 Accomplishments and Announces Exploration Plans for 2022

newsfilecorp.com

Montreal, Quebec--(Newsfile Corp. - January 5, 2022) - Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) ("Amex or the Company") is pleased to provide a review of its 2021 accomplishments and exploration plans and goals for 2022.

On the corporate front, the Company ended the year in a strengthened financial position with the full exercise of all remaining warrants, adding $7 million to the treasury, demonstrating continued shareholder support and confidence. Additionally, Amex Exploration was named to 2021 OTCQX Best 50, a ranking of top performing companies traded on the OTCQX. As part of its ongoing focus on Environmental, Social, and Governance (ESG), Amex strengthened the Board of Directors through the appointment of Bryan Coates as Lead Independent Director and election of Dr. Luisa Morena as Independent Director.

On the exploration front, the drill bit continued to add value throughout 2021 (see Figure 1 and Table 1). Additional highlights from the year included:

  • Three significant new discoveries were made on the Perron property.
  • A copper rich volcanogenic massive sulfide (VMS) discovery (QF Zone) was made along the Normétal Mine Horizon where the company intersected 2.40% Cu, 0.72% Zn, 0.27 g/t Au and 22.15 g/t Ag over 7.80 m. Follow up drilling has confirmed the initial discovery with similar grades and widths, indicating the presence of a substantial VMS system. Defining and expanding upon this system will be a part of the exploration program in 2022.
  • A new high-grade gold structure located 650 m north-west of the High Grade Zone (HGZ), the Alizee Zone, returning 31.87 g/t Au over 5.10 m.
  • An additional high-grade gold structure, the 210 Gold Zone, was discovered on the Normétal Fault, with the discovery interval returning 58.25 g/t Au over 3.90 m.
  • The Denise Gold Zone surpassed expectations showing large zones of broad near-surface gold mineralization and continuity. The Denise Zone has now been defined to a depth of 700 m and 500 m along strike and the geology indicates probability to expand to the east near surface.
  • At the High Grade Zone (HGZ) Amex demonstrated exceptional high-grade gold continuity down to a depth of 1.35 km. The Company also reported the highest grade individual assay at Perron of 929.24 g/t Au over 0.50 m at a depth of 290 m in hole PE-21-344.



  • Table 1 - Top 20 drill holes announced in 2021 based on gold metal factor

    Hole IDFrom (m)To (m)Length (m)Au (g/t)ZoneMetal Factor (g*m)
    PE-21-386W1939945.16.1102.07HGZ622.6
    PE-21-344320.8326.956.1579.22HGZ487.2
    PE-21-329228.924213.136.86HGZ482.9
    PE-21-391213.9219.55.684.02HGZ470.5
    PE-21-337255.230044.88.25Denise369.6
    PE-21-367211.122614.921.75HGZ324.1
    PE-21-409374.9381.86.943.74HGZ301.8
    PE-21-313180183.93.970.92HGZ276.6
    PE-21-383W1538.55423.576.61HGZ268.1
    PE-21-3181207.151215.558.429.62HGZ248.8
    PE-21-3011054.41063.258.8527.06HGZ239.5
    PE-21-392297.5304.056.5536.02HGZ235.9
    PE-21-2871175.811826.237.59HGZ233.1
    PE-20-210108.8112.73.958.25210227.2
    PE-21-338201.4216.2514.8515.18HGZ225.4
    PE-21-321149.61566.432.91HGZ210.6
    PE-21-413338.23401.8102.43HGZ184.4
    PEX-21-041288.6293.75.131.87Alizee162.5
    PE-20-230634.1642.58.417.89HGZ150.3
    PE-20-207W2902.59074.532.99HGZ148.5




    Figure 1 - Gold Corridor at Perron ending 2021. White arrows represent near-term expansion targets. Pink spheres represent individual assays better than 20 g/t Au.

    To view an enhanced version of Figure 1, please visit:
    orders.newsfilecorp.com

    In 2021, the Company completed a total of 129,310 m of drilling. The focus was on the expansion and definition drilling of HGZ and near surface, on strike expansion and definition drilling of the Denise Zone as well as regional exploration drilling. There are currently a number of pending samples at two labs from holes targeting the HGZ, Denise, QF and Grey Cat Zone, as well as regional exploration drilling.

    Exploration Plans and Corporate Goals for the coming year

  • Test the expansion potential of the Denise Zone along strike for up to 1.5 km to the east, where limited drilling has occurred and gold mineralization has been encountered.
  • Continue to define the HGZ to a resource level to a depth of approximately 1 km.
  • Further define and explore the QF VMS Zone.
  • Report on regional exploration program and determine potential to make additional gold and VMS discoveries on Perron.
  • Complete a maiden resource on the Perron Project in H2.
  • Set and report on ESG goals for 2022 with a report to be produced during the year.



  • Qualified Person

    Maxime Bouchard P.Geo. M.Sc.A., (OGQ 1752) and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134), Independent Qualified Persons as defined by Canadian NI 43-101 standards, have reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard and Jérôme Augustin. The quality assurance and quality control protocol include insertion of blank or standard every 10 samples on average, in addition to the regular insertion of blank, duplicate, and standard samples accredited by Laboratoire Expert during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption and values over 3 ppm Au are reanalyzed by fire assay with finish by gravimetry by Laboratoire Expert Inc, Rouyn-Noranda. Samples containing visible gold mineralization are analyzed by metallic sieve. For additional quality assurance and quality control, all samples were crushed to 90% less than 2 mm prior to pulverization, in order to homogenize samples which may contain coarse gold. Base metal and gold analysis are provided by ALS Canada Ltd. with similar QAQC protocol. Gold values are estimated by fire assay with finish by atomic absorption. Zinc, Copper and Silver values are estimated by four acid digestion multi elements Inductively Coupled Plasma - Atomic Emission Spectroscopy (ICP-AES), ME-ICP61. Zinc values over 1%, copper values over 1% and silver values over 100 g/t are estimated by four acid digestion ICP-AES, OG62. Core logging and sampling were completed by Laurentia Exploration. The Qualified Persons have not completed sufficient work to verify the historic information on the Property, particularly in regards to historical drill results. However, the Qualified Persons believe that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.

    About Amex

    Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold projects in the mining-friendly jurisdiction of Quebec. Amex is focused on its 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 117 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and elsewhere in the province.

    For further information please contact:

    Victor Cantore
    President and Chief Executive Officer
    Amex Exploration: +1-514-866-8209

    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.

    Forward-looking statements
    This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program on the HGZ and Denise Zone, the expected positive exploration results, the extension of the mineralized zones, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

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    To: LoneClone who wrote (162572)1/5/2022 2:50:24 PM
    From: LoneClone
       of 169762
     
    Red Pine Updates on its 2022 Phase 1 Drill Program

    ca.finance.yahoo.com

    Red Pine Exploration Inc.
    Wed., January 5, 2022, 3:30 a.m.·4 min read

    Figure 1

    Property Map

    Figure 2



    Long Section

    TORONTO, Jan. 05, 2022 (GLOBE NEWSWIRE) -- Red Pine Exploration Inc. (TSX-V: RPX, OTCQB: RDEXF) (“Red Pine” or the “Company”) is pleased to provide an update on its Phase 1 exploration drilling program for 2022.

    Following the successful exploration program and funding in 2021, the Company plans to significantly expand its exploration program into 2022. Highlights of the 2022 Phase 1 exploration program include:

  • Expansion of the contractor drill fleet from 2 to 4 on-site operators.

  • Approximately 60% of the program will focus on areas which have the potential to expand the current Surluga and Minto South resources.

  • Approximately 40% of the program will focus on our priority greenfield targets which were not tested in 2021: Grace-Darwin, Hornblende Shear Zone and the Sadowski Zone.

  • The Phase 1 drill program is targeted to be complete by the third quarter 2022 and span up to 25,000 metres of anticipated drilling.

  • Phase 1 of Red Pine’s exploration program is fully funded.

  • "Our 2021 drill program has positively set the table for an expansion of the drilling program into 2022,” said Quentin Yarie, CEO and President of Red Pine Exploration. "As always, we take a holistic approach to our exploration programs and results will dictate and adjust this dynamic program. We also expect that this program, and the expected follow-on Phase 2 program, should put the Company in a position to consider an update of the resource in the future. The current NI 43-101(1) compliant resource contains 1,307,000 tonnes at 5.47 g/t gold for 230,000 ounces in the indicated category and 2,716,000 tonnes at 5.39 g/t gold for 471,000 ounces in the inferred category, with 90% contained in the upper 300 metres."

    Figure 1: Property Map
    globenewswire.com


    The 2021 highlights below include systematic drill results proving gold mineralization extension beyond the footprint of Red Pine’s current resources:

  • 3.08 g/t gold over 55.66 metres true width (TW) extending gold mineralization more than 500 metres down-dip from the boundary of the current mineral resource of the Surluga Deposit.

  • 25.73 g/t gold over 4.78 metres true-width (TW) including 41.73 g/t gold over 1.93 metres (TW) in the Jubilee Shear Zone.

  • Intersected grade gold 400 metres down-plunge of the Surluga Deposit (>550 metres vertical depth), 4.66 g/t gold over 12.24 metres (TW) in the including 24.10 g/t gold over 0.68 metres (TW) and 14.68 g/t gold over 1.94 metres (TW).

  • Intersected high-grade gold in the Minto Vein, 109.37 g/t gold over 2.68 metres (un-cut and TW) including 314 g/t gold over 0.84 metres.

  • Discovered near surface high-grade Sadowski Gold Zone, with the intersection of 13.95 g/t gold over 4.48 metres core length (CL) including 29.29 g/t gold over 2.02 metres (CL).

  • Figure 2: Long Section
    globenewswire.com

    Warrant Exercise Update

    Further to the Company’s press release of January 4, 2022, the Company has been notified by its transfer agent that an additional 517,135 warrants had been exercised prior to their expiry on December 31, 2021 for proceeds of an additional $0.26 million.

    About Red Pine Exploration Inc.

    Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol "RPX" and on the OTCQB Markets under the symbol “RDEXF”.

    The Wawa Gold Project is in the Michipicoten greenstone belt of Ontario, a region that has seen major investment by several producers in the last five years. Its land package hosts numerous historic gold mines and is over 6,900 hectares in size. The Company’s Chairman of the Board is Paul Martin, the former CEO of Detour Gold. The Board has extensive and diverse experience at such entities as Alamos, Barrick, Generation Mining, Detour Gold and Paramount Gold Nevada Corp. Led by Quentin Yarie, CEO, who has over 25 years of experience in mineral exploration, Red Pine is strengthening its position as a major mineral exploration and development player in the Michipicoten region.

    For more information about the Company, visit www.redpineexp.com.

    Or contact:

    Quentin Yarie, President and CEO, (416) 364-7024, qyarie@redpineexp.com

    Or

    Tara Asfour, Investor Relations Manager, (514) 833-1957, tasfour@redpineexp.com

    Qualified Person

    Quentin Yarie, P.Geo. and Chief Executive Officer of Red Pine and the Qualified Person, as defined by National Instrument 43-101, has reviewed, and approved the news release’s technical information.

    1National Instrument 43-101 Technical Report for the Wawa Gold Project, Brian Thomas P.Geo. Golder Associates Ltd, report effective August 18, 2021.

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

    This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

    Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

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    To: LoneClone who wrote (162573)1/5/2022 2:51:47 PM
    From: LoneClone
       of 169762
     
    Ubique Minerals: New Year Corporate Update

    accesswire.com

    Tuesday, January 4, 2022 9:00 AM

    TORONTO, ON / ACCESSWIRE / January 4, 2022 / Ubique Minerals Limited ("Ubique") (CSE:UBQ) would like to update its shareholders on its ongoing corporate developments.

    During the last twelve months the Company has further engaged in its Daniel's Harbour project and strengthened its management team along with looking beyond borders to engage in frontier markets.

    Highlights

    • Drilling and further advancements at the Daniel's Harbour Flagship project
    • Management and strategic changes
    • New projects and developments
    • Agoracom Online Marketing Agreement.
    • New website and social media interactions
    Drilling and further advancements at the Daniel's Harbour Flagship project.

    Ubique owns three mineral licenses located in the Daniel's Harbour area in Newfoundland, Canada, covering more than 6 sq. kms, in two blocks and has another four mineral licenses covering more than 10 sq. kms. under option from MinKap Resources Inc. ("KAP") (now Ophir Gold Corp.). The Ubique licenses cover at least three zones of zinc mineralization, one of which is the P Zone where Ubique completed most of its 2017 2018 and 2019 drilling programs, the highlight of which was a true width intersection of 13.6% Zinc over 12.2 metres including 17.43% Zinc over 8.6m. There are now 28 drill holes in this target area with zinc intersections with greater than 4% zinc over at least 2 metres true widths. The KAP Option licenses cover many areas of the historic mining activity and research has already identified five high priority drill target areas where historic drilling intersected zinc mineralization, including a true width interval of 5.73m of 8.96% zinc in the 1386 zone target. Two of these drill target areas have been relocated (the 1386 and Nose Zones), the historic drill holes identified and new holes drilled confirming the location and grade of mineralization in 2019. The 2021 drilling program will concentrate on these two zones, extending them and starting to define dimensions for resource estimates.

    The zinc mineralization intersected is a very pale coloured sphalerite, characteristic of a low-iron Mississippi-Valley-Type carbonate rock geological environment analogous to many large deposits in North America. Approximately 7,000,000 tonnes averaging 7.8% zinc have been mined from the Daniel's Harbour mine and after concentrating on site was shipped as a very high-grade concentrate from nearby deep-water port facilities to a custom zinc smelter. (Wardle, R.J. (2000) Mineral Commodities of Newfoundland and Labrador - Zinc and Lead; Government of Newfoundland and Labrador, Geological Survey, Mineral Commodities Series Number 1, 12 pages).

    Soil sampling has been undertaken on the Ubique East Mineral License where sampling in 2018 identified a zinc anomaly which was expanded by more sampling in 2019 - 2020. The limits of the anomaly were not defined and the additional sampling has been undertaken in 2021 to better define the anomaly. Over 300 samples have been sent to a laboratory for analyses.

    Diamond drilling on the island of Newfoundland in 2021 has taxed the capacity of the industry and the Company was not able to finish its drilling in 2021 and is expected to finish the program in Q1 2022.

    Funding for the 2017, 2018 and 2020 diamond drilling programs was financially supported, in part, by grants from the Government of Newfoundland and Labrador under their Junior Exploration Assistance Program. Application has been made for a similar grant to support the 2021 diamond drilling program.

    The Company will, in the year 2022, focus on further enhancing the project, finish the drilling program and fulfill the obligations to Ophir Gold in accordance with the earn in/option agreement. The Company expects to disclose the results of the 2021-2 program in Q2 2022.

    Management and strategic changes

    In July 2021 Mr Vilhjalmur Thor Vilhjalmsson took the role of director and interim CEO of the Company. Gerald Harper P.Geo and previous CEO took on the role of director and Qualified Person for the Company.

    With new management the Company has revised its strategy and will now look at further strengthening its exploration portfolio of projects. The company will be looking towards undervalued assets that are available and in need of management and professional development.

    New Projects and Developments

    The Company has during the second half of 2021 reviewed and been in negotiations with numerous projects owners in Canada, Greenland, Scandinavia and Africa. It is expected that the portfolio of the company will enlarge within Q1 and Q2 2022 with successful conclusion of some of these negotiations.

    Agoracom Online Marketing Agreement

    The Company has engaged in an online marketing agreement with Agora Internet Relations Corp. "Agoracom". The agreement is a 12-month online awareness campaign and includes a corporate space within Agoracom website and its verified forum see: pr.report, a social media campaign, interviews with management and online distribution of promotional material.

    The Company will pay in total CAD$100.000 + HST for the Agoracom services.The payments are made in 5 instalments of $20.000 each and are paid in shares at the closing price of the date issued. The agreement ends 30th November 2022.

    About Agoracom

    AGORACOM is the Web 2.0 online marketplace and forum for citizens of the small-cap investment community. Public companies, shareholders and prospective shareholders can interact for the purposes of communicating in a monitored and secure environment.

    AGORACOM averages

    • 5.2 million Visits Per Year
    • 55 million Page Views Per Year
    • Has Provided Online Investor Relations and Marketing To Over 300 Small Cap Companies
    New website and social media interactions

    The Company will launch a brand new and updated website within Q1 2022 along with new twitter, Facebook and LinkedIn social media accounts. This is a part of the plan to interact with stakeholders in a modern way and build on the service provided by Agoracom.

    Vilhjalmur Thor Vilhjalmsson CEO commented "since joining the Company in June last year it has been a privilege to work with the Ubique team. We have now advanced the Daniel's Harbour project and expect to finish the drilling in the first quarter of 2022. We have also agreed and implemented a strategy to acquire and develop other exploration projects and using the Ubique meaning "anywhere-everywhere" minerals have no borders. The management team has experience in operating around the globe and in various minerals. I look forward to engage in that strategy and widen the horizons for Ubique"

    Om behalf of the board of Directors

    "Vilhjalmur Thor Vilhjalmsson"

    Vilhjalmur Thor Vilhjalmsson CEO and Director.

    About Ubique Minerals Limited

    Ubique Minerals Limited is an exploration company listed on the CSE (CSE:UBQ) focused on exploration of its Daniel's Harbour zinc property in Newfoundland and is actively looking at other projects around the world. Ubique became a publicly listed company in September 2018. Ubique has an experienced management group with a record of multiple discoveries of deposits worldwide and owns an extensive and exclusive database of historic exploration results from the Daniel's Harbour area.

    For more information on Ubique please contact see www. ubiqueminerals.com or contact vilhjalmur@jvcapital.co.uk

    Dr. Gerald Harper, P.Geo.(NL), director of Ubique, is the qualified person as defined by NI 43-101 responsible for the technical data presented herein and has reviewed and approved this release.

    Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of Ubique Minerals Limited., the raising of additional capital and the future development of the business. The forward-looking information is based on certain key expectations and assumptions made by the company's management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Ubique can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and Ubique disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

    Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

    SOURCE: Ubique Minerals Limited

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    To: LoneClone who wrote (162574)1/5/2022 2:53:41 PM
    From: LoneClone
       of 169762
     
    ADVENTUS MINING AND SALAZAR RESOURCES ENTER INTO JOINT VENTURE TO DEVELOP THE CURIPAMBA COPPER-GOLD PROJECT

    newswire.ca

    Adventus Mining Corporation Jan 04, 2022, 17:25 ET

    TORONTO, Jan. 4, 2022 /CNW/ - Adventus Mining Corporation ("Adventus") (TSXV: ADZN) (OTCQX: ADVZF) and Salazar Resources Limited ("Salazar") (TSXV: SRL) (collectively the "Participants") are pleased to announce that the formal earn-in mechanics have been completed and Adventus is now a 75% owner of the Curipamba copper-gold project in Ecuador ("Curipamba"). The Participants have executed a shareholders' agreement which will manage the respective rights and obligations as shareholders of the incorporated joint venture company that controls and owns the Curipamba project.







    Adventus Mining Corporation - Curipamba Feasibility Study - Mill Model (CNW Group/Adventus Mining Corporation)




    Curipamba Ownership Highlights


    • Adventus acquires 75% ownership stake in the Curipamba project, with the responsibility for initial development capital costs and receives 95% of future net cash flows from operations from Ecuadorian Curipamba holding company Curimining S.A. ("Curimining") until all earn-in option expenditures ("Earn-in Expenditures") and project capital costs funded by Adventus have been repaid 1
    • Total Earn-in Expenditures of US$44.1 million have been spent by Adventus on Curipamba up to September 30, 2021
    • Adventus continues to advance detailed discussions with potential financing partners for the capital to construct Curipamba. The start of detailed engineering, hiring of key construction personnel and completion of the investment agreement with the government of Ecuador is expected in Q1 2022, while the ongoing review of the Environmental Social Impact Assessment by the government of Ecuador continues
    1 Less Salazar historical investment credit of US$19.8 million, after which the Curimining free cash flows from operations shall be shared 75% Adventus and 25% Salazar.

    About Adventus

    Adventus Mining Corporation is an Ecuador focused copper-gold exploration and development company. Its strategic shareholders include Altius Minerals Corporation, Greenstone Resources LP, Wheaton Precious Metals Corp., and the Nobis Group of Ecuador. Adventus has completed a feasibility study report on the copper-gold El Domo project at Curipamba and is continuing to explore the broader 215 square kilometre district. In addition, Adventus is engaged in a country-wide exploration alliance with its partners in Ecuador, which has incorporated the Pijili and Santiago copper-gold porphyry projects to date. Adventus also owns an exploration project portfolio in Ireland with South32 Limited as funding partner. Adventus is based in Toronto, Canada, and is listed on the TSX Venture Exchange under the symbol ADZN and trades on the OTCQX under the symbol ADVZF.

    About Salazar

    Salazar Resources Limited is focused on creating value and positive change through discovery, exploration, and development in Ecuador. The team has an unrivalled understanding of the geology in-country and has played an integral role in the discovery of many of the major projects in Ecuador, including the two newest operating gold and copper mines. Salazar Resources has a wholly owned pipeline of copper-gold exploration projects across Ecuador with a strategy to make another commercial discovery and farm-out non-core assets. The Company actively engages with Ecuadorian communities and together with the Salazar family it co-founded The Salazar Foundation, an independent non-profit organization dedicated to sustainable progress through economic development. The Company already has carried interests in three projects. At its maiden discovery, Curipamba, Salazar Resources has a 25% stake fully carried through to production. At two copper-gold porphyry projects, Pijili and Santiago, the Company has a 20% stake fully carried through to a construction decision.

    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 news release.

    This press release contains "forward -looking information" within the meaning of applicable Canadian ?securities laws. Forward-looking statements are based on the beliefs, expectations, and opinions of the ?management of the Participants as of the date the statement is published, and the Participants assume no ?obligation to update any forward-looking statement, except as required by law. In certain cases, forward–?looking statements can be identified by the use of words such as "plans", "expects", "outlook", ??"guidance", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or ?variations of such words and phrases or statements that certain actions, events or results "may", "could", ??"would", "might", "will be taken", "occur" or "be achieved" or the negative of these terms or comparable ?terminology.?

    Forward-looking information herein includes, but is not limited to, statements that address activities, events, or developments that Adventus and Salazar expect or anticipate will or may occur in the future. Although Adventus and Salazar have attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Adventus and Salazar undertake to update any forward-looking information except in accordance with applicable securities laws.

    SOURCE Adventus Mining Corporation

    For further information: For further information from Adventus, please contact Christian Kargl-Simard, President and Chief Executive Officer, at +1-416-230-3440 or christian@adventusmining.com. Please also visit the Adventus website at www.adventusmining.com. For further information from Salazar, please contact ir@salazarresources.com.

    Related Links adventusmining.com

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    To: LoneClone who wrote (162575)1/5/2022 2:58:30 PM
    From: LoneClone
       of 169762
     
    Meridian Increases Landbank Over the Cabaçal Copper-Gold Belt


    newswire.ca

    Meridian Mining UK Societas Jan 05, 2022, 07:30 ET

    Three licences covering 15,941 Ha won in ANM auction process, spanning multiple anomalies


    Figure 1: Map of Company’s landbank showing the three areas won in the ANM’s licence auction. (CNW Group/Meridian Mining UK Societas)




    LONDON, Jan. 5, 2022 /CNW/ - Meridian Mining UK S (TSXV: MNO) (Frankfurt: 2MM) (Tradegate: 2MM) (OTCQB: MRRDF) ("Meridian" or the "Company") is pleased to provide an update on its landbank for the camp scale Cabaçal Copper-Gold VMS Project ("Cabaçal") in Mato Grosso, Brazil. Meridian has received notification that it has placed the winning bids on three new Cabaçal exploration licences via the land release auction process of the Agência Nacional de Mineração ("ANM"). This secures a significant strategic extension to the Company's landbank, covering both historical BP targets, and newly defined anomalies from a satellite alteration mapping exercise commissioned by the Company (WorldView-3). Meridian is now the dominate developer of an advanced camp scale copper-gold belt.


    Highlights of today's update:

    • Meridian expands dominant landbank over the Cabaçal Copper-Gold Belt;
    • Meridian wins 3 new licences covering Cabaçal's northwestern and southeastern limits;
      • three licences covering 15,941 Ha of prospective Cu-Au VMS geology added;
    • New licences enhance the established upside of the Cabaçal Copper-Gold prospect;
      • Licenses host targets defined in the original BP Minerals exploration programs:
      • Licences include BP's historical conductivity and geochemical anomalies; and
      • New targets coincident to WorldView-3 satellite alteration-mapping results.
    Dr Adrian McArthur, CEO and President of Meridian, comments, "The Company is pleased to announce it has placed the winning bid on these three licences, consolidating Cabaçal's landbank of prospective copper-gold geology to the limits of the Cabaçal Cu-Au VMS Belt. The new licences provide continuity with an earlier application, the Southern extension, where a copper anomaly has been defined by BP Minerals ("BP") stream sediment sampling. The Company is particularly excited by the presence of multiple and coincident anomalies defined by the WorldView-3 alteration mapping, being adjacent to BP's historical geochemical and geophysical anomalies. The licences will be initially in the application stage, but the Company looks forward to executing regional programs in the future with formal approval by the ANM. With these new tenements, Meridian's landbank package covers almost the complete entirety of the highly prospective Cabaçal VMS copper-gold Belt, essentially an undeveloped metallogenic belt, and we are probably the only company developing such an advanced asset in the Junior market today."

    ANM Auction Results.

    Winning bids have been successfully placed for three new licences under the ANM's auction system (Figure 1):

    Area 1: The licence area covers the north-western-most limit of the Cabaçal Belt and formed part of the BP Minerals portfolio under licences 861921/1980 and 861921/1980. The southwest margin of the licence spans the "C5" soil geochemical BP target. The licence is poorly explored but drilling by Avanco in 2015 along strike (~ 460m to the Southeast of the licence boundary) encountered copper sulphide mineralization in hole AMCD-15-011 (peak grade of 2.4% Cu, 1.1g/t Au, 34.1 g/t Ag, 0.2% Zn over 0.5m from 48.8m, within a broader zone of hydrothermal alteration and disseminated mineralization). The northern licence spans an area of 1403.6 Ha.

    Area 2: The second area to the south lies ~2.4km to the south of the Santa Helena Zn-Cu-Ag-Au Mine. The area spans the earlier BP licences 861937/1980, 861939/1980, 861958/1980 and a now excised segment of the Santa Helena mining licence 861956/1980. The eastern branch of the newly won area in the auction round incorporates BP untested target "C2D", where Cu, Zn and Pb soil anomalies were defined in association with hydrothermally altered metasedimentary – metavolcanic sequence. The western margin of the licence area hosts three conductors defined by BP's regional INPUT aerial survey, which originally defined the Cabaçal area as a geophysical target prior to discovery of the Cu-Au-Ag mineralization. The licence hosts multiple targets defined by the WorldView-3 satellite alteration mapping exercise, two of which are along strike from the C2D position, and the others offset to the east of the INPUT aerial conductivity anomalies. The licence spans an area of 5070.5 Ha.

    Area 3: The third area to the Southeast lies ~9.5km along strike from the Santa Helena Zn-Cu-Ag-Au Mine. The area spans the earlier BP licences 861958/1980, 861959/1980, 867371/1983. The western margin of the licence hosts a gold in steam anomaly, and the new area covers a gap between the main licences of the Cabaçal Belt option area, and a prior satellite extension applied for by the Company - 866261/2021 –, Cabaçal's Southeastern-most known geology limit, where a BP copper in stream anomaly had been defined but not previously followed up. The licence hosts multiple targets defined by the WorldView-3 satellite alteration mapping exercise (20 discrete anomalies consistent with hydrothermal alteration signatures), including the large anomaly adjacent to the BP's copper-in-stream response on 866261/2021. The licence spans an area of 9466.5 Ha.

    A number of procedural steps remain to ratify these new license applications, including an appeal process. Payments are due before 15 April 2022 before the results are formally published in the Diário Oficial da União. The Company's applications in the adjacent Araputanga and Jauru Belts followed the same process.

    WorldView-3 Satellite Survey

    WorldView-3 is a high-resolution commercial satellite sensor launched in 2014 which provides detailed imagery that can be utilized in mineral mapping, providing a fast and effective technique to screen large areas for signatures of hydrothermal alteration. Data has been interpreted by Dan Taranik (Exploration Mapping Group, Nevada, United States).

    The Company is encouraged by the local Cabaçal results of the survey, with the known mineralization from over the Cabaçal Mine and Northwest Extension showing an associated Worldview-3 satellite alteration anomaly extending over a 2,200m strike length.

    Next Steps

    Subject to final approval and authorization by the ANM, the licences will be integrated into the Company's regional exploration program, with a first phase of reconnaissance prospecting involving rock chip sampling and soil surveys. The immediate near-term drilling focus of the Company will continue to be in the near-mine areas hosting the Cabaçal and Santa Helena deposits, as targets are developed more regionally.

    Qualified Person
    Dr Adrian McArthur, B.Sc. Hons, PhD. FAusIMM., CEO and President of Meridian as well as a Qualified Person as defined by National Instrument 43-101, has supervised the preparation of the technical information in this news release.

    On behalf of the Board of Directors of Meridian Mining UK S

    Dr. Adrian McArthur
    CEO, President and Director
    Meridian Mining UK S
    Email: info@meridianmining.net.br
    Ph: +1 (778) 715-6410 (PST)

    Stay up to date by subscribing for news alerts here: about:blank

    Follow Meridian on Twitter: https://twitter.com/MeridianMining

    Further information can be found at www.meridianmining.co

    ABOUT MERIDIAN

    Meridian Mining UK S is focused on the acquisition, exploration, and development activities in Brazil. The Company is currently focused on resource development of the Cabaçal VMS Copper-Gold project, exploration in the Jaurú & Araputanga Greenstone Belts located in the state of Mato Grosso; exploring the Espigão polymetallic project and the Mirante da Serra manganese project in the State of Rondônia Brazil.

    FORWARD-LOOKING STATEMENTS

    Some statements in this news release contain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements include, among others, statements with respect to the Company's plans for exploration, development and exploitation of its properties and potential mineralization. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors, which may cause the actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such risk factors include, among others, failure to obtain regulatory approvals, failure to complete anticipated transactions, the timing and success of future exploration and development activities, exploration and development risks, title matters, inability to obtain any required third party consents, operating risks and hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices and one-time events. In making the forward-looking statements, the Company has applied several material assumptions including, but not limited to, the assumptions that: (1) the proposed exploration, development and exploitation of mineral projects will proceed as planned; (2) market fundamentals will result in sustained metals and minerals prices and (3) any additional financing needed will be available on reasonable terms. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

    The Company cautions that it has not completed any feasibility studies on any of its mineral properties, and no mineral reserve estimate or mineral resource estimate has been established. Geophysical exploration targets are preliminary in nature and not conclusive evidence of the likelihood of a mineral deposit.

    The TSX Venture Exchange has neither approved nor disapproved the contents of this news release. 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.

    NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

    SOURCE Meridian Mining UK Societas

    For further information: Mr Gilbert Clark, Executive Chairman, Meridian Mining UK S, Email: info@meridianmining.net.br, Ph: +1 (778) 715-6410 (PST)

    Related Links meridianmining.co

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    To: LoneClone who wrote (162576)1/5/2022 3:00:02 PM
    From: LoneClone
       of 169762
     
    GoGold Accelerates Drilling Program at Los Ricos and Reports Quarterly Production at Parral of 444,071 Silver Equivalent Ounces

    newswire.ca

    GoGold Resources Inc. Jan 05, 2022, 13:00 ET

    Shares Outstanding: 278,301,117
    Trading Symbols:TSX: GGD
    OTCQX: GLGDF

    HALIFAX, NS, Jan. 5, 2022 /CNW/ - GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") is pleased to report production for the quarter ending December 31, 2021 of 444,071 silver equivalent ounces, consisting of 195,678 silver ounces, 2,558 gold ounces, and 123 tonnes of copper.

    "We are accelerating our aggressive drill program at both Los Ricos North and South and anticipate our normal flow of drilling results from the district over the coming weeks. We see 2022 as a year of aggressive growth in resource ounces at the Los Ricos projects with this growth being financed partially by Parral's cash flow and by our very strong balance sheet," said Brad Langille, President and CEO. "At Parral, we project production this year to be approximately 2 to 2.2 million silver equivalent ounces, with cash flow from Parral contributing towards exploration and general and administrative expenses. In this quarter, we transitioned between different zones in the tailings deposit which impacted production, putting us slightly below our annualized average yearly production."

    Table 1: Quarterly Production Summary




    Quarter Ended

    Sep 2020

    Dec 2020

    Mar 2021

    Jun 2021

    Sep 2021

    Dec 2021

    Silver Production (oz)

    300,740

    298,591

    302,933

    315,632

    221,202

    195,678

    Gold Production (oz)

    3,414

    3,632

    3,208

    3,170

    3,437

    2,558

    Copper Production (tonnes)

    128

    125

    86

    120

    138

    123

    Silver Equivalent Production (oz)1

    605,287

    614,149

    551,207

    575,302

    526,044

    444,071






    1.

    "Silver equivalent production" include gold ounces and copper tons produced and converted to a silver equivalent based on a ratio of the average market metal price for each period. The gold:silver ratio for each of the periods presented was: Sep 2020 – 79, Dec 2020 – 76, Mar 2021 – 69, Jun 2021 – 68, Sep 2021 – 73, Dec 2021 – 77. The copper:silver ratios were: Sep 2020 – 274, Dec 2020 – 305, Mar 2021 – 320, June 2021 – 369, Sep 2021 – 383, Dec 2021 – 417.




    Mr. Robert Harris, P.Eng. is the qualified person as defined by National Instrument 43-101 and is responsible for the technical information of this release.

    About GoGold Resources
    GoGold Resources (TSX: GGD) is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high quality projects in Mexico. The Company operates the Parral Tailings mine in the state of Chihuahua and has the Los Ricos South and Los Ricos North exploration projects in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects. For more information visit gogoldresources.com.

    CAUTIONARY STATEMENT:
    The securities described herein 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 within the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to exemptions therefrom. This release does not constitute an offer to sell or a solicitation of an offer to buy of any of GoGold's securities in the United States.

    This news release may contain "forward-looking information" as defined in applicable Canadian securities legislation. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding production and cash flows of the Parral tailings mine, the ability of GoGold to self fund its ongoing exploration and administrative costs, future operating margins, future production and processing, and future plans and objectives of GoGold, constitute forward looking information that involve various risks and uncertainties. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect, including, but not limited to, assumptions in connection with the continuance of GoGold and its subsidiaries as a going concern, general economic and market conditions, mineral prices, the accuracy of mineral resource estimates, and the performance of the Parral project. There can be no assurance that such information will prove to be accurate and actual results and future events could differ materially from those anticipated in such forward-looking information.

    Important factors that could cause actual results to differ materially from GoGold's expectations include exploration and development risks associated with GoGold's projects, the failure to establish estimated mineral resources or mineral reserves, volatility of commodity prices, variations of recovery rates, and global economic conditions. For additional information with respect to risk factors applicable to GoGold, reference should be made to GoGold's continuous disclosure materials filed from time to time with securities regulators, including, but not limited to, GoGold's Annual Information Form. The forward-looking information contained in this release is made as of the date of this release.

    SOURCE GoGold Resources Inc.

    For further information: Steve Low, Corporate Development, GoGold Resources, T: 416 855 0435, E: steve@gogoldresources.com

    Related Links gogoldresources.com



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    To: LoneClone who wrote (162577)1/5/2022 3:02:34 PM
    From: LoneClone
       of 169762
     
    BTU – Drill Program To Re-Start

    accesswire.com

    Wednesday, January 5, 2022 8:00 AM

    - a year in review & looking forward in 2022 -

    VANCOUVER, BC / ACCESSWIRE / January 5, 2022 / BTU METALS CORP. ("BTU" or the "Company") (BTU-TSX:V BTUMF-OTCQB) today announces the restart of its drill program on its Dixie Halo and Pakwash North properties. Assay results for samples from 10 drill holes completed prior to the end of 2021 on the Dixie Halo property remain pending. Drilling in the first quarter of 2022 will focus on the exploration for gold and copper-gold-silver across its ~230km2 property that shares a >35km common boundary with Great Bear Resources Ltd. ("Great Bear").

    Drill Program to Re-Commence Imminently

    The drilling crew and equipment will be mobilized this month and are expected to continue drilling operations until Spring breakup which is typically April in the Red Lake area. Focus will be on the Dixie Creek area and the Tooth Area (see Figure 1 below), both immediately south of Great Bear, which has recently received a takeover offer from Kinross for a minimum of $1.8 billion. Additionally, as soon as conditions permit, drilling will commence on the Pakwash North project and on the Eastern part of the Dixie Halo property to test a large geophysical target generated from an extensive geochemical and geophysical data review.

    Samples Currently being processes for analysis

    BTU is currently waiting on assay results from ActLabs for 10 holes drilled in the Hiewall Lake, Rose Lake, and The Tooth areas which are geologically similar to the LP Fault with several kilometres of contact between clastic metasediments and felsic and mafic volcanic rocks. The Company is also awaiting assays on prospecting samples, on outcrops across the property including the Pakwash North area.

    Figure 1 - BTU Land Position and Winter Drill Targets

    Paul Wood, CEO of BTU states "The Red Lake area has attracted a great deal of attention in the last quarter of 2021 with Kinross and Barrick both announcing deals on properties bordering BTU. We will hit the ground running in January, continuing our drill program, for which we are fully funded, in two areas we consider to be highly prospective for gold mineralization just south of GBR, and for VMS-type mineralization further to the East part of the property with support from the Ontario Junior Exploration Program."

    BTU Review and Update to Year End 2021

    • Located in Red Lake, Ontario, Canada - a true Tier 1 jurisdiction and home of one of the largest, highest grade gold camps in North America, which has produced more than 20MM ounces of high-grade gold in an area that is readily accessible and has all services and supplies required to support all stages of exploration, development, and exploitation
      • The small footprint of Red Lake's historic high-grade ore bodies enhances the potential for further discoveries as shown by Great Bear Resources (GBR TSX-V) discoveries on their Dixie project
      • Evolution Mining, in 2019, purchased Newmont's Red Lake operations for $375 mm (USD) with contingent payments of up to another $100 mm (USD) and a $50 mm (USD) exploration commitment. Also purchased Battle North in 2021
    • 230 km2 Dixie Halo property has highway access, powerlines, extensive network of logging trails, and surrounds the southeast, east and around to the north of the GBR property. The Dixie Halo property has a 35 km shared border with Great Bear Resources and is close to the projected trace of their new gold trend
      • GBR, recently subject of a takeover bid by Kinross for at least $1.8 bn from a low market capitalization of $12 mm (August 16, 2018)
      • GBR discovered broad areas of high-grade mineralization with assays of up to 1 kg/tonne Au at Dixie Hinge and Limb ~1 km north of BTU; also high-grade Au within a lower grade disseminated Au mineralized halo drilled over a 4 km structure, the LP Fault, which remains open
    • BTU assembled the land package through six separate transactions and staked claims, all since the GBR discoveries in August 2018
    • Underexplored - the bedrock is almost entirely covered in shallow overburden, has only seen very limited exploration (only 10 historic holes on the core property at the time of the BTU acquisitions)
    • BTU has assembled an impressive geological database over the past 3 years by completing methodical sampling, mapping, geophysical surveys and drilling - all critical in developing a solid foundation for future exploration success
    Focus on High Grade Gold & VMS System

    High Grade Gold - Contiguous to GBR"TNT" VMS type system with Cu-Au-Ag-Zn
    51 holes drilled by BTU in gold target areasStringer-like chalcopyrite (Cu) discovered in hole 13
    Target areas include: Dixie Creek, the Tooth Area, Hiewall Lake area, and Rose Lake areaAssay results up to 6.83% CuEq (5.56% Cu, 0.487 g/t Au, 99.6 g/t Ag over 1.2 m) and other gold assays up to 2 g/t
    Visible gold in hole 53, immediately south of GBR

    No follow up drilling in the area yet

    Large footprint alteration system, a strike of at least 2.2 km
    Anomalous gold assay results in almost all holes, up to 2 g/t.22 widely spaced holes drilled in the target area to date
    Consistent high counts of gold grains in till samples with many pristine grainsComprehensive 3D geochemical-geophysical review of all data completed
    Holes widely spaced, many untested targets, large swathes of highly prospective ground have no drill holesSignificant buried target to the east (up-stratigraphy) will be tested this winter for base metals and gold potential

    Figure 2: Gold grains from a BTU till sample

    Figure 3: Stringers of chalcopyrite (copper) mineralization in Discovery drill hole 13 from within an interval which assayed 1.14% CuEq over 44.1 m

    BTU Metals Corp. is a junior, mining exploration company focused on its Dixie Halo project located in Red Lake, Ontario.

    Bruce Durham, P. Geo., a qualified person as defined by National Instrument 43-101 has reviewed and approved the technical information in this press release.

    ON BEHALF OF THE BOARD

    "Paul Wood"
    Paul Wood, CEO, Director
    pwood@btumetals.com

    FOR FURTHER INFORMATION, PLEASE CONTACT:

    Andreas Curkovic, Investor Relations
    +1 416-577-9927
    BTU Metals Corp.
    Telephone: 1-604-683-3995
    Toll Free: 1-888-945-4770

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

    SOURCE: BTU Metals Corp.

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    To: LoneClone who wrote (162578)1/5/2022 3:04:21 PM
    From: LoneClone
       of 169762
     
    Clean Air Metals Drill Results from the Thunder Bay North Project includes 31.0m averaging 3.9 g/t Pt, 5.1 g/t Pd, 1.7% Cu, 0.63% Ni. 2022 drilling set to restart

    ca.finance.yahoo.com

    Wed., January 5, 2022, 12:01 a.m.·12 min read

    THUNDER BAY, ON, Jan. 5, 2022 /CNW/ - Clean Air Metals Inc. ("Clean Air Metals" or the "Company") (TSXV: AIR) (FRA: CKU) (OTCQB: CLRMF) is pleased to announce new assay results from the 2021 drill campaign from the Escape and Current PGE-Cu-Ni Deposits at the Company's Thunder Bay North Project near Thunder Bay, Ontario, Canada (the "Project"). Drilling operations are set to resume on January 6, 2022.

    New assays from the Escape South High Grade Zone includes (Table 1):

  • Hole ELR21-083A which intersected 46.0m grading 19.6 g/t PtEq1 composed of 3.03g/t Platinum (Pt), 3.94g/t Palladium (Pd), 1.33% Copper (Cu) and 0.51% Nickel (Ni) from 399.0-445.0m downhole including 31.0m grading 25.0 g/t PtEq composed of 3.90 g/t Platinum (Pt), 5.10g/t Palladium (Pd), 1.70% Copper (Cu) and 0.63% Nickel (Ni) from 405.0-436.0m downhole (Figure 1).

  • The Escape Deposit underwent 37,000m of expansion drilling in 2021, which is expected to add materially to the maiden Indicated resource of 849,481 ounces PtEq (6.16 g/t PtEq in 4.28 million tonnes) reported January 20, 2021. The Current Deposit 2.5km to the east (Figure 2) has a well-defined Indicated mineral resource of 2,233,575 PtEq ounces (5.79 g/t PtEq in 11.99 million tonnes).

    Mineral resource endowment and platinum-equivalents are quoted pursuant to the Technical Report and Mineral Resource Estimate for the Thunder Bay North Project, Thunder Bay, Ontario, with an effective date of January 20, 2021 (the "Technical Report"). The Technical Report was posted to SEDAR March 4, 2021 and prepared by Nordmin Engineering Ltd.- QP Glen Kuntz, P.Geo. Ontario. Platinum-equivalent1 calculations in Table 1 are affected by the updated CRU 2-year trailing average metal price assumptions2 utilized for the new Preliminary Economic Assessment reported on December 1, 2021.

    ______________________

    1 Palladium equivalency formula can be viewed in the following Link (Click Here)

    2 CRU 2-year metal price assumptions can be viewed in the following Link (Click Here)


    Preliminary Economic Assessment (PEA)

    The Company announced a robust mine plan and cashflow model as part of a PEA for the Current and Escape PGE-Cu-Ni Deposits of the Thunder Bay North Project on December 1, 2021. The related Technical Report is expected to be filed on SEDAR by January 14, 2022.

    Table 1: New Assay Results Update – Thunder Bay North Project (Figures, 1,2)

    Hole ID

    From, m

    To, m

    Length, m

    Pt+Pd (g/t)

    Cu+Ni (%)

    Pt (g/t)

    Pd (g/t)

    Cu (%)

    Ni (%)

    Pt eq.

    ELR21-083A

    364

    366

    2.0

    1.11

    0.40

    0.48

    0.63

    0.22

    0.18

    3.8

    ELR21-083A

    399

    445

    46.0

    6.97

    1.84

    3.03

    3.94

    1.33

    0.51

    19.6

    **incl.

    405

    436

    31.0

    8.99

    2.33

    3.90

    5.10

    1.70

    0.63

    25.0

    ELR21-084

    233.75

    235

    1.3

    1.86

    0.13

    0.89

    0.98

    0.07

    0.06

    3.8

    ELR21-087A

    373

    393

    20.0

    2.89

    0.73

    1.33

    1.56

    0.54

    0.20

    8.1

    ELR21-088

    240

    246

    6.0

    2.81

    0.77

    1.30

    1.51

    0.51

    0.26

    8.1

    CL21-027

    126

    135

    9.0

    1.48

    0.34

    0.76

    0.73

    0.17

    0.17

    4.0

    CL21-027

    183

    185

    2.0

    1.54

    0.46

    0.76

    0.79

    0.22

    0.24

    4.7

    CL21-028

    223

    226.13

    3.1

    2.90

    0.47

    1.53

    1.37

    0.27

    0.21

    6.8

    CL21-029

    149

    151

    2.0

    1.19

    0.35

    0.62

    0.58

    0.16

    0.19

    3.6

    CL21-029

    213

    215

    2.0

    1.30

    0.34

    0.68

    0.62

    0.15

    0.19

    3.7

    CL21-029

    220

    228.49

    8.5

    2.14

    0.45

    1.14

    1.01

    0.25

    0.20

    5.6

    CL21-030

    145

    147

    2.0

    2.25

    0.48

    1.14

    1.11

    0.30

    0.19

    5.9

    CL21-030

    196

    198

    2.0

    1.62

    0.35

    0.84

    0.79

    0.15

    0.20

    4.4

    CL21-030

    216

    220

    4.0

    2.04

    0.51

    1.06

    0.98

    0.26

    0.25

    5.7

    CL21-032

    270

    282

    12.0

    1.91

    0.76

    0.96

    0.95

    0.47

    0.30

    6.5

    CL21-033

    294

    295.97

    2.0

    3.67

    0.88

    1.90

    1.77

    0.55

    0.33

    9.8

    CL21-034A

    292

    294

    2.0

    2.24

    0.43

    1.18

    1.06

    0.20

    0.23

    5.7

    CL21-034A

    298

    300

    2.0

    1.08

    0.29

    0.55

    0.53

    0.10

    0.19

    3.3


    Note:

    1)

    All intercepts are estimated to be >95% of true width based on drill hole inclination

    2)

    Mineralized intervals calculated at 1 ppm Pt+Pd cutoff


    Abraham Drost, CEO of Clean Air Metals stated that "step-out drilling on the margins of the Escape South High Grade Zone (HGZ) continues to deliver impressive assay results. Under the results of the recent PEA press release, the Escape South High Grade Zone (HGZ) (>5g/t Pt+Pd) is identified as a high value potential mining area at the base of the Escape Deposit in years 5 and 6 of the PEA mine plan, pursuant to the recently delivered PEA press release (December 1, 2021).

    There is a total of 37,000m of previously reported drilling results from the Escape Deposit in 2021 which not yet applied to the mineral resource for the Thunder Bay North Project. Assay results to date, along with the 2000m of core in the lab still awaiting assay, suggest good continuity of mineralization between sections along the 900m trend of mineralization between the Escape South High Grade Zone (HGZ) (>5g/t Pt+Pd) and Steepledge South Zone (Figure 1).

    The high-grade Lower Current and Bridge Zones of the upper Current Deposit achieved a 90% conversion rate from Indicated to potentially minable mineral resource for Years 1-4 within the recently disclosed PEA mine plan, as defined by a mining shape optimizer (MSO) algorithm. An additional 10,000m of infill drilling in the lower Current Deposit is planned to improve drill density to support application of the MSO algorithm along trend (Figure 2), in the attempt to add additional mineable material to the PEA.

    Up to 16,000m of drilling is also planned to commence in mid-January 2022 on frozen muskeg to follow up on certain discrete geophysical anomalies. These may represent the occurrence of low resistivity, high conductivity massive sulphide material at the base of the Escape and Current deposits within the Escape Lake Fault Zone corridor, consistent with the Norilsk mineral deposit model used by the Company in Thunder Bay North magma conduit system."



    Figure 1: 2021 Drill Hole Intercepts in the Escape Lake Deposit Area (CNW Group/Clean Air Metals Inc.)



    Figure 2: 2021 Drill Hole Intercepts in the Current Lake Deposit Area (CNW Group/Clean Air Metals Inc.)
    Please see the links below for Figures 1 and 2.

    Figure 1: 2021 Drill Hole Intercepts in the Escape Deposit Area – Link (Click Here)

    Figure 2: 2021 Drill Hole Intercepts in the Current Deposit Area – Link (Click Here)

    COVID Policy

    Clean Air Metals continued to apply COVID-19 avoidance and personal protection measures for its geological staff, drilling contractor and service suppliers during the third quarter and has had zero occurrences of COVID-related illness year to date. Personnel are required to maintain physical distance, use Personal Protective Equipment (PPE), self-monitor and self-isolate or elect to work from home. Management had previously eliminated plans for a camp setup to service a planned diamond drill campaign on the Escape deposit. The Company is aware of Thunder Bay Health Unit guidelines that provide for "mandatory" self-isolation for returning overseas.

    Mineral Exploration and Development has been deemed an essential service in the Province of Ontario (https://c212.net/c/link/?t=0&l=en&o=3404137-1&h=718019293&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3398246-1%26h%3D3584921271%26u%3Dhttps%253A%252F%252Fc212.net%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D2891835-1%2526h%253D2761240191%2526u%253Dhttp%25253A%25252F%25252Fwww.netnewsledger.com%25252F2020%25252F03%25252F23%25252Fontario-covid-19-business-allowed-to-remain-open-list-march-23-2020%25252F%2526a%253Dhttp%25253A%25252F%25252Fwww.netnewsledger.com%25252F2020%25252F03%25252F23%25252Fontario-covid-19-business-allowed-to-remain-open-list-march-23-2020%25252F%26a%3Dhttp%253A%252F%252Fwww.netnewsledger.com%252F2020%252F03%252F23%252Fontario-covid-19-business-allowed-to-remain-open-list-march-23-2020%252F&a=http%3A%2F%2Fwww.netnewsledger.com%2F2020%2F03%2F23%2Fontario-covid-19-business-allowed-to-remain-open-list-march-23-2020%2F).

    The Company has procured the services of a locally staffed and serviced diamond drilling contractor to complete the diamond drilling programs.

    Qualified Person

    Dr. Geoff Heggie, Ph.D., P.Geo., a Qualified Person under National Instrument 43-101 and Exploration Manager for the Company, has reviewed and approved all technical information in this press release.

    Quality Assurance/Quality Control

    Clean Air Metals uses ALS Global ("ALS"), a well-established and recognized mineral assay and geochemical analytical services company. The Thunder Bay laboratory holds ISO-9000 accreditation; the Vancouver facility holds ISO-17025 registration.

    All NQ-sized drill core is cut with a diamond-tipped saw blade with half of the core submitted to ALS for sample preparation and analysis. Core samples from selected intervals are individually bagged and tagged, gathered up in larger sealed poly bags and shipped to the sample prep facility in Thunder Bay, ON under custody of Clean Air Metals' personnel at all times. Sample preparation is completed at the ALS sample preparation facility located in Thunder Bay, ON and analysis is completed at the primary ALS assay laboratory located in Vancouver, B.C.

    Clean Air Metals follows a documented quality control procedure for its core assay sampling program consisting of the insertion of blind blanks, duplicates, and certified Palladium-Platinum and Copper-Nickel standards into the sample stream. The insertion procedure results in a minimum of 11% to 12% control sample frequency depending on the length of the sampled interval.

    Gold, platinum, and palladium are analyzed using fire assay (FA) with an inductively coupled plasma mass spectrometry (ICP-MS) finish. Samples with grades above the optimal ICP-MS detection limits are analyzed using an optical emission spectroscopy method (ICP-OES).

    Also, thirty-three (33) elements of each sample, including copper, nickel, silver, chromium, cobalt, and sulphur, are analyzed by a multi-element analytical method using the atomic emission spectroscopy (ICP-AES) technique following four-acid digestion of the sample. When samples have grades above the optimal detection limits for this analytical method, they are re-analyzed using a high-grade method consisting of either ICP-AES or atomic absorption spectrometry (AAS) techniques.

    Social Engagement

    Clean Air Metals Inc. and its wholly-owned subsidiary Panoramic PGMs (Canada) Ltd. acknowledge that the Thunder Bay North Project is on the traditional territories of the Fort William First Nation, Red Rock First Nation and Biinjitiwabik Zaaging Anishinabek. The parties together are the Cooperating Participants in a Memorandum of Agreement dated January 9, 2021.

    The Company appreciates the opportunity to work in these territories and remains committed to the recognition and respect of those who have lived, traveled, and gathered on the lands since time immemorial. Clean Air Metals is committed to stewarding Indigenous heritage and remains committed to building, fostering and encouraging a respectful relationship with First Nations, Métis, and Inuit peoples based upon principles of mutual trust, respect, reciprocity and collaboration in the spirit of reconciliation.

    About Clean Air Metals Inc.

    Clean Air Metals' flagship asset is the 100% owned, high grade Thunder Bay North Project, a platinum, palladium, copper, nickel project located near the City of Thunder Bay, Ontario and the Lac des Iles Mine owned by Impala Platinum. The Thunder Bay North Project hosts the twin magma conduit bodies which host Current and Escape deposits forming the basis for a positive preliminary economic assessment around a ramp access underground mine reported December 1, 2021. Executive Chairman Jim Gallagher and CEO Abraham Drost lead an experienced team of geologists and engineers who are using the Norilsk magma conduit stratigraphic and mineral deposit model to guide ongoing exploration and development studies at Thunder Bay North. As the former CEO of North American Palladium Ltd. which owned the Lac des Iles Mine prior to the sale to Impala Platinum in December 2019, Jim Gallagher and team are credited with the mine turnaround and creation of significant value for shareholders.

    ON BEHALF OF THE BOARD OF DIRECTORS

    "Abraham Drost"

    Abraham Drost, Chief Executive Officer of Clean Air Metals Inc.

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

    Cautionary Note

    The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation, including statements regarding the potential of the Thunder Bay North Project and the Escape and Current deposits and timing of technical studies (include the preliminary economic assessment) and mineral resource estimates. 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 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: 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, except in accordance with applicable securities laws. Actual events or results could differ materially from the Company's expectations or projection.


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    SOURCE Clean Air Metals Inc.


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