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United Lithium Corp. Discovers Multiple Lithium Rich Boulder Trains at Bergby – Assays up to 3.33 Li2O

Recent boulder sampling has discovered multiple new lithium-bearing boulder trains that are not related to previously drilled lithium-bearing pegmatites….

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Recent boulder sampling has discovered multiple new lithium-bearing boulder trains that are not related to previously drilled lithium-bearing pegmatites. A potential source to the north and to the west of the drilled pegmatite is suggested, where sampling and mapping continues

Soil sampling has commenced, and first batch of samples have been sent for assay

Core Drilling underway – expected to continue until year end

Additional Claims added – now more than 10,458 hectares at Berby

The Swedish Prime Minister Stefan Löfven stated “Sweden needs more mines to cope with climate change”

VANCOUVER, British Columbia, Sept. 30, 2021 (GLOBE NEWSWIRE) — United Lithium Corp. (CSE: ULTH; OTC: ULTHF; FWB: 0ULA) (“ULTH” or the “Company”) is pleased to announce the first results from ongoing boulder train mapping and sampling at the Bergby Lithium Project in central Sweden. Excellent results have been returned from an area west of the northern end of the previously drilled lithium mineralized pegmatite. These new boulder trains are not related to drilled mineralization and are believed related to new lithium mineralized bodies.

These results include 3.01% Li2O, 2.82% Li2O and 2.12% Li2O (see Table 1 and Figures 1 and 2). 300m to 500m northwest of the southwestern end of the previously drilled lithium mineralized pegmatite, values returned include 1,71% Li2O, 1.72% Li2O, and 1.46% Li2O (see Table 1 and Figures 1 and 3). And 600m west of the previously drilled southwestern end of the previously drilled lithium mineralized pegmatite, values returned include 3.33% Li2O (see Table 1 and Figures 1 and 3).

The success of this boulder sampling program has encouraged United Lithium to expand the mapping and sampling program. Additional boulder samples have been sent for analysis to ALS Limited and field work is on-going.

Furthermore, a soil sampling program has been completed in the vicinity of the interpreted source of the northern spodumene boulder train. Samples were dried and sieved with -63 m fraction sent to ALS Limited for analysis including Li-Ta-Cs-Rb.

“Recent mapping and sampling has greatly expanded the footprint of lithium mineralized pegmatite at our Bergby Project” states Michael Dehn, President and CEO. “An extensive area has been identified with spodumene bearing boulders, and we see significant potential to find multiple lithium bearing pegmatite dykes. We have consequently expanded the claim holding at Bergby to secure additional targets. Our mapping and sampling shall continue as long as weather permits, and drilling is expected to continue at least until year end.”

In an interview last week with Olov Abrahamsson, Swedish Prime Minister Stefan Löfven, stated:

“Sweden needs more mines to cope with climate change,” says Löfven. “Employment and business policy need to be intertwined with the climate issue.” We at United Lithium see this as positive support from the Swedish Government for future mine development in Sweden for lithium minerals.

Figure 1 Bergby Lithium Project – Pegmatite Boulder Trains – Overview

Core drilling is also well underway. A core logging and cutting facility has been established at the Port of Norrsundet, only 4km SW of the where drilling is occurring. Logistics are excellent, with infrastructure in place at the Port for most potential industrial applications. (see Figure 5.)

Figure 2 Bergby Lithium Project – Pegmatite Boulder Trains – North Section

Bergby was discovered by the Leading Edge Materials team early in 2016, and has already thrown up both high grades and a high hit rate of potentially mineralized pegmatite.

Bergby lies in central Sweden, 25km north of the town of Gavle, initially secured by three exploration permits that covered a total of 1,903 hectares (Bergby nr 1, 2, and 3).

The site is close to infrastructure, with major roads, rail and power supply passing immediately adjacent to the Bergby project.

The Bergby Project was acquired by United Lithium from Leading Edge Materials in April 2021 when the property consisted of four exploration permits (Bergby nr 1, 2, 3 and 5) for a total of 3,155 hectares.

Recently the company applied for and was granted Bergby nr 4, 6, and 7 contiguous to the initial four exploration permits based the United Lithium suspicion that the mineralizing system at Bergby in much larger than previously thought. The total Bergby Project area is now 10,458 hectares (see figures 4 and 5.)

Figure 3 Bergby Lithium Project – Pegmatite Boulder Trains – North Section

Figure 4 Original and Additional Exploration Permits, Bergby Lithium Project

Figure 5 Bergby Lithium Project showing Exploration Permits, drilling area, and office/core facilities on Google Earth Satellite Image

Table 1 Boulder Train assay results, Bergby Lithium Project

Sample
Number
SWEREF99TM
Easting (m)
SWEREF99TM
Northing (m)
Rock
code
Lithium
Bearing
Mineral
Observed
Li2O
(%)
Ta
(ppm)
Cs
(ppm)
Rb
(ppm)
Be
(ppm)
Sn
(ppm)
BBYB012 613001 6761182 PEGS SPOD 3.01 14.75 23.30 107.50 17.80 85.00
BBYB017 612945 6761160 PEGS SPOD 0.90 32.50 15.30 177.00 174.00 44.00
BBYB018 612958 6761174 PEGS SPOD 2.12 6.95 11.10 76.80 45.60 73.00
BBYB019 612988 6761203 PEGS SPOD 2.82 26.20 32.30 147.00 74.60 93.00
BBYB020 612899 6761220 PEGS SPOD 1.88 56.20 52.60 458.00 147.50 59.00
BBYB021 613004 6761227 PEGS SPOD 1.19 35.90 34.10 367.00 76.50 38.00
BBYB022 612914 6761211 PEGS SPOD 0.01 128.50 2.70 76.60 30.60 29.00
BBYB023 612921 6761356 PEGS SPOD 0.13 38.70 69.50 470.00 125.50 16.00
BBYB024 613057 6761073 PEGS SPOD 0.70 33.40 19.30 160.00 33.50 47.00
BBYB028 613125 6761007 PEGS SPOD 1.18 13.25 23.90 239.00 40.60 81.00
BBYB106 614305 6756964 APL   1.53 62.70 203.00 598.00 102.00 114.00
BBYH071 613305 6755809 GRA   0.01 0.67 2.90 150.50 3.90 3.00
BBYH084 608482 6755987 PEG   0.01 5.94 17.00 354.00 59.70 18.00
´060801 613122 6761481 PEG   0.00 0.40 1.70 103.50 3.30 BDL
´060803 612879 6761213 PEG   0.00 5.69 0.90 211.00 8.90 3.00
´060805 613149 6760992 PEGS SPOD 1.92 21.60 21.40 68.20 30.70 71.00
´062201 612113 6760285 PEG   0.07 12.45 27.00 248.00 330.00 168.00
´062202 612110 6760315 PEG   0.05 13.90 28.50 148.00 800.00 69.00
´062203 612114 6760328 PEG   0.05 14.65 36.40 514.00 1210.00 101.00
´062206 612123 6760241 QTZ/PEG   0.08 13.30 27.60 279.00 310.00 154.00
´062207 612030 6760197 QTZ/PEG   0.02 83.20 25.10 341.00 370.00 89.00
´062306 612500 6759978 PEG   1.11 93.50 138.50 469.00 240.00 266.00
´062312 612380 6759951 PEGS SPOD 0.49 8.73 40.00 477.00 156.50 22.00
´070702 613329 6761102 PEGS SPOD 0.75 18.90 17.00 214.00 202.00 62.00
´070707 612568 6761606 QTZ/PEG   0.01 18.15 43.00 450.00 202.00 85.00
´070708 612101 6761326 QTZ/PEG   0.01 69.20 35.80 247.00 171.50 36.00
´070801 613130 6761011 PEGS SPOD 1.07 17.30 25.40 247.00 50.80 71.00
´070803 612117 6760765 PEG   0.02 78.10 16.60 174.00 600.00 52.00
´070802 612191 6760723 PEGS SPOD 1.72 19.35 21.70 304.00 230.00 53.00
´070802 612191 6760723 PEGS SPOD 1.71 3.17 14.40 190.50 183.50 45.00
´071001 612264 6760328 PEGS SPOD 1.46 64.40 20.20 233.00 156.00 127.00
´071002 612145 6760254 QTZ/PEG   0.03 23.10 57.00 481.00 920.00 219.00
´071002B 612145 6760254 QTZ/PEG   0.02 19.75 32.50 348.00 310.00 556.00
´071004 612003 6760274 PEG   0.00 5.58 12.50 377.00 230.00 81.00
´071408 611674 6760447 PEG   0.01 2.36 24.10 216.00 17.90 6.00
´071409 611863 6760306 PEGS SPOD 3.33 5.48 21.20 106.00 320.00 94.00
´071410 611870 6760312 PEG   0.03 5.80 18.70 312.00 146.50 73.00
´071411 611867 6760313 PEG   0.04 6.72 18.20 248.00 183.50 23.00
´071412 611665 6760492 QTZ/PEG   0.03 4.71 20.90 519.00 175.50 42.00
´071417 616011 6761901 PEG   0.00 5.87 6.30 298.00 92.60 21.00
´071510 612150 6760469 PEGS SPOD 0.99 4.93 21.60 209.00 380.00 87.00
´071511 612164 6760446 PEGS SPOD 0.15 11.70 30.20 359.00 310.00 98.00
´071512 611930 6760346 PEG   0.02 18.70 16.10 306.00 310.00 619.00
´071514 611922 6760336 PEG   0.03 18.95 22.70 455.00 184.00 331.00
´071601 612137 6760605 PEGS SPOD 0.88 6.31 43.40 240.00 176.50 71.00
                     
LEGEND
BDL Below Detection Limit
SPOD Spodumene
PEG Pegmatite
PEGS Spodumene Bearing Pegmatite (observed)
QTZ Quartzite
GRA Granite
APL Aplite

Samples submitted by United Lithium were analyzed by the ME-MS81 and Li-OG63 technique by ALS Limited laboratories in Pitea, Sweden and Loughrea, Ireland.

Mark Saxon (FAusMM), Technical Advisor to the Company, is a qualified person as defined by National Instrument 43-101 (Standards of Disclosure or Mineral Projects) and has prepared or reviewed the preparation of the scientific and technical information in this press release.

On Behalf of The Board of Directors
Michael Dehn
Chief Executive Officer

Investor Relations
(604) 259-0889
[email protected]

Forward-Looking Statements Caution. This news release contains “forward-looking information” within the meaning of applicable securities laws relating to statements regarding the Company’s business, products and future of the Company’s business, its product offerings and plans for marketing. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance and developments to differ materially from those contemplated by these statements. Except as required by law, the Company expressly disclaims any obligation and does not intend to update any forward-looking statements or forward- looking information in this news release. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct and makes no reference to profitability based on sales reported. The statements in this news release are made as of the date of this release.

Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/8877f244-ad98-487e-9b47-572497fb9673
https://www.globenewswire.com/NewsRoom/AttachmentNg/061727d4-a281-4390-b231-1084af041ff3
https://www.globenewswire.com/NewsRoom/AttachmentNg/987f449c-2364-46df-92c0-6c6612101fe2
https://www.globenewswire.com/NewsRoom/AttachmentNg/efc2291f-b2c9-44e7-bd4c-8adb008f13cb
https://www.globenewswire.com/NewsRoom/AttachmentNg/2e14e74b-bb46-47de-9a47-bb4cb0970232





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Kiplin Metals Looks to Expand Uranium Project Portfolio Athabasca, Saskatchewan, Canada

 

Vancouver, British Columbia – TheNewswire – October 25th, 2021  – Kiplin Metals Inc. (the “Company”) (TSXV:KIP) (Frankfurt: 17G1) announces…

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Vancouver, British Columbia – TheNewswire – October 25th, 2021  – Kiplin Metals Inc. (the “Company”) (TSXV:KIP) (Frankfurt: 17G1) announces that its board of directors has commenced a strategic review of several uranium projects in Athabasca, Saskatchewan, Canada with the plan to expand the Company’s project portfolio.

Peter Born, Director of the Company commented; “after considerable consultation with our strategic advisors, the board has determined that, given the deep technical knowledge of our team, combined with the global initiative to transition the world’s energy needs away from fossil fuels, the company has initiated a strategic review of several uranium projects in Athabasca, Saskatchewan.  The company’s technical team has extension experience with uranium exploration and we are confident the addition will bring significant value to Kiplin Metals shareholders.”

About Kiplin Metals

Kiplin Metals is an early-stage exploration and development mining company.  The Company’s management understands that the greatest value creation for shareholders is through the discovery, and development of mineral resources, therefore the company focuses on project that can provide such impact.  Kiplin Metals has the rights to two highly perspective minerals exploration assets in Canada, a region in the world known for its resources, collaborative regulatory structure and stable economic and political environment.  

The Exxeter Gold Project covers an area of 715ha located in Val d’Or Quebec, one of the premier gold camps in the world which produced over 113.4M oz Au by the end of 2019. The project covers 3.8km of the Cadillac Tectonic zone, which is the principal geologic structure responsible for cold mineralization in the Val d’Or.

The Lac Rochester Copper Project is located on the eastern border of the Val d’Or mining camp, 50km southeast of the city of Val D’Or, and 14km south of the Company’s flagship property, the Exxeter Gold Project. Past exploration of the Lac Rochester Copper Project has identified multiple high copper and iron values, concurrent with a large, northeast trending magnetic anomaly.

For further information, contact the Company at 604-622-1199.

On behalf of the Board of Directors,

“Peter Born”

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 this release.

 

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company 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 in forward-looking statements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

Copyright (c) 2021 TheNewswire – All rights reserved.



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Klondike Gold Closes First Tranche Raising $2,242,851

NEW YORK, NY / ACCESSWIRE / October 25, 2021 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTC PINK:KDKGF) ("Klondike Gold" or the "Company") is pleased to…

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NEW YORK, NY / ACCESSWIRE / October 25, 2021 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTC PINK:KDKGF) (“Klondike Gold” or the “Company”) is pleased to announce that further to its news release of September 30, 2021, the Company has closed the first tranche (the “First Tranche”) of its non-brokered private placement financing, raising $2,242,851.25 of which $1,935,000 is flow through funds. The Company anticipates to close the balance of the financing in the coming weeks.

In closing the First Tranche, the Company issued 9,675,000 flow-through units at the price of $0.20 per unit, comprising of 9,675,000 common shares which are “flow through” shares for Canadian income tax purposes and 4,837,500 warrants. The Company further issued 1,759,150 non-flow-through units at a price of $0.175 per unit, comprising of 1,759,150 common shares and 879,575 warrants.

All warrants issued in the First Tranche of the financing are exercisable at a price of $0.25 per share until October 22, 2023.

All securities issued in connection with the First Tranche are subject to a four month and one day statutory hold period expiring on February 23, 2022, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

The Company intends to use the proceeds from the financing to continue exploration and development of the Company’s Yukon properties, as well as for general working capital.

ABOUT KLONDIKE GOLD CORP.

Klondike Gold Corp. is a Vancouver based gold exploration company advancing its 100%-owned Klondike District Gold Project located at Dawson City, Yukon Territory, one of the top mining jurisdictions in the world. The Klondike District Gold Project targets gold associated with district scale orogenic faults along the 55-kilometer length of the famous Klondike Goldfields placer district. To date, multi-kilometer gold mineralization has been identified at both the Lone Star Zone and Stander Zone, among other targets. The Company is focused on exploration and development of its 586 square kilometer property accessible by scheduled airline and government-maintained roads located on the outskirts of Dawson City, YT within the Tr’ondëk Hwëch’in First Nation traditional territory.

ON BEHALF OF KLONDIKE GOLD CORP.

“Peter Tallman”
President and CEO
(604) 609-6138
E-mail: [email protected]
Website: www.klondikegoldcorp.com

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

Disclaimer for Forward-Looking Information

“This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as “may,” “will,” “should,” “anticipate,” “plan,” “expect,” “believe,” “estimate,” “intend” and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Klondike in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Klondike’s actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.

Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Klondike disclaims any obligation to update or revise any forward-looking information or statements except as may be required.”

SOURCE: Klondike Gold Corp.

View source version on accesswire.com:
https://www.accesswire.com/669603/Klondike-Gold-Closes-First-Tranche-Raising-2242851





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Discovery Harbour Announces Results from First of Five Drill Holes on Caldera Gold Property, Nevada

Vancouver, British Columbia–(Newsfile Corp. – October 25, 2021) – Discovery Harbour Resources Corp. (TSXV: DHR) (OTC Pink: DCHRF) (FSE: 4GW) (the "Company"…

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Vancouver, British Columbia–(Newsfile Corp. – October 25, 2021) – Discovery Harbour Resources Corp. (TSXV: DHR) (OTC Pink: DCHRF) (FSE: 4GW) (the “Company” or “Discovery Harbour“) announces that the first of five drill holes results have been received from the Company’s Caldera drill program. Selected core from each of the five holes has been sent for analysis, with the next results expected in late November. The initial drill hole, CP21-01, has anomalous gold results up to 324 parts per billion gold over 1.4 metres. The drillhole intersected primarily volcanic tuffs, moderate to strong propylitic and argillic / sericitic alteration as well as multiple fault zones.

The Company completed drilling a total of slightly over 1900 metres, testing five low sulphidation epithermal gold targets (see map below) on the Caldera Property. Each hole was deeper than any previous drilling on Caldera and each site was selected to test the boiling zone, typically found at approximately 300+ metres below the paleo-surface, where precious metals are concentrated. The Caldera gold property lies in a fertile gold region at the intersection of the Walker Lane and Northumberland Gold Belts northwest of Tonopah, Nevada.

Caldera Gold Project, Completed Drill Holes

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/1559/100776_fc1ee2a344e1c8fb_001full.jpg.

Alan Morris, CPG, is the Qualified Person for Discovery Harbour as defined in NI 43-101 and has reviewed and approved the technical contents of this news release.

About Discovery Harbour
Discovery Harbour is focused on sourcing, exploring and developing mineral properties in mining-friendly jurisdictions. Its current primary focus is the drill program on Caldera, a low sulphidation epithermal gold project in Nevada. Additionally, Discovery Harbour has an agreement with Newcrest Mining Limited on its Fortuity 89 property in Nevada.

ON BEHALF OF THE BOARD OF DISCOVERY HARBOUR RESOURCES CORP.

“Mark Fields”

Mark Fields, B. Sc. (Geology), B.Comm.(Hon.)
President and Chief Executive Officer
Discovery Harbour Resources Corp.
Tel: (604) 681-3170
Fax: (604) 681-3552

Disclaimer for Forward-Looking Information
This news release contains forward‐looking information that involves various risks and uncertainties regarding future events. Such forward‐looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of Discovery Harbour, such as statements that Discovery Harbour intends to pursue the Caldera Project. There are numerous risks and uncertainties that could cause actual results and Discovery Harbour’s plans and objectives to differ materially from those expressed in the forward‐looking information, including: (i) adverse market conditions; (ii) exploration results, (iii) permitting requirements or (iv) the financial position of the Company. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward‐looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, Discovery Harbour does not intend to update these forward‐looking statements.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100776







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