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Whitemud Resources Inc. News Release January 13, 2022

           

Calgary – TheNewswire – January 13, 2022 – Whitemud Resources Inc. (“Whitemud” and the “Company”) (TSXV:WMK) provides…

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Calgary – TheNewswire – January 13, 2022 – Whitemud Resources Inc. (“Whitemud” and the “Company”) (TSXV:WMK) provides an operational update.

 

Commencing approximately 2 years ago, a heightened awareness of the high level of CO2 and greenhouse gas emissions produced worldwide has become a focal point for the cement industry. Canada’s federal government has introduced initiatives to decarbonize industries and for industries to operate with a greener footprint which has been the catalyst for carbon taxes to be levied by the federal and provincial governments. This is transpiring at a time when the demand for raw materials is growing significantly as economies move beyond a severe economic covid downturn. This in turn has precipitated an increase in the cost of raw materials across all commodities. Hopefully this economic turnaround will be sustained.  Supply chains have been disrupted for all commodities and consumer goods causing delays in product supply and shortages of many products. Whitemud’s metakaolin is a western Canadian produced product with a shortened supply chain with favourable logistics capabilities.

 

During the third quarter of 2021, Whitemud undertook a review of its Wood Mountain assets and potential efficiency upgrades in order to assess the viability of bringing the Wood Mountain plant back into production with a lower carbon footprint and a cost effectively produced metakaolin.

 

Preliminary results to date indicate that better production efficiencies may be achievable. This would result in lowering metakaolin production costs and potentially allow for greater market penetration.

 

Discussions continue with a number of concrete producers in Canada and the USA to assess their potential demand for metakaolin in their concrete mixes. While no definitive commitments or expressions of interest have been obtained, to date Whitemud is encouraged with the renewed interest that the concrete industry is showing in its metakaolin as a superior, competitive cementitious additive in cement mixes. With the heightened awareness for corporate Environmental, Social and Corporate Governance (ESG), Whitemud believes that metakaolin can play a significant role in helping to reducing the carbon footprint and reducing greenhouse gas emissions for the cement industry.

 

Whitemud’s historical customer base continues its use of metakaolin as a cementitious cement additive producing superior cement mixes. Whitemud continues working towards aligning itself with one or more strategic partners having sufficient demand for its metakaolin. Such alignment could potentially support a restart of the Wood Mountain plant.

 

About Whitemud Resources Inc.

 

Whitemud is a Canadian-based corporation holding mineral rights to exploit a large kaolin deposit in southern Saskatchewan, together with a processing facility located on the property. Whitemud’s product, Whitemud (MK) is a cement-grade metakaolin that enhances the performance of cement for oil and gas wells and construction applications. The Company uses a process that minimizes environmental impact.

 

Midstream Energy Partners, a division of Whitemud Resources Inc. formed in 2015, engages in the business of commodity marketing and logistics.

 

For further information, please contact:

 

Whitemud Resources Inc.

General Inquiries

Suite 900, 332 – 6th Avenue SW

Calgary, Alberta T2P 0B2

 

Reader Advisory

 

This news release contains forward-looking statements, within the meaning of applicable securities legislation, concerning Whitemud’s business and affairs.  In certain cases, forward-looking statements can be identified by the use of words such as ‘‘attempts’’, ‘‘intends’’, “continues” or variations of such words and phrases or state that certain actions, events or results ‘‘may’’, ‘‘could’’, ‘‘would’’, ‘‘might’’ or ‘‘will be taken’’, ‘‘occur’’ or ‘‘be achieved’’.  These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements.  Although Whitemud believes these statements to be reasonable, no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon.  Such statements include statements with respect to the sustainability of the current economic turnaround and the impact of such economic improvement on the Company’s prospects, statements with respect to the ability of the Company to achieve production efficiencies, statements with respect to the market’s approach to the current Environmental, Social and Corporate Governance environment and the impact on the market for the Company’s product and the possibility of increasing the Company’s customer base or finding a strategic partner.  Actual results could differ materially from those anticipated in these forward-looking statements as a result of prevailing economic conditions, and other factors, many of which are beyond the control of Whitemud. The forward-looking statements contained in this news release represent Whitemud’s expectations as of the date hereof, and are subject to change after such date. Whitemud 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 may be required by applicable securities regulations.  

 

Neither the TSXV 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 United States Newswire Services or for dissemination in the United States.

Copyright (c) 2022 TheNewswire – All rights reserved.

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ASANTE GOLD ANNOUNCES NEW BOARD APPOINTMENTS

Vancouver, British Columbia, Jan. 19, 2022 (GLOBE NEWSWIRE) — Asante Gold Corporation (CSE: ASE/ FRANKFURT: 1A9/U.S.OTC: ASGOF) (“Asante” or the…

Vancouver, British Columbia, Jan. 19, 2022 (GLOBE NEWSWIRE) — Asante Gold Corporation (CSE: ASE/ FRANKFURT: 1A9/U.S.OTC: ASGOF) (“Asante” or the “Company”) announces that Mohammad Alothman and Alexander Smirnov have been appointed to the Board of Directors.

Mr. Alexander Smirnov is the CEO of Emiral Resources Ltd. He has 12 years of business experience in natural resource development, with degrees in finance and oriental studies from leading universities in Russia and is an Executive MBA candidate at London Business School. Mr. Smirnov is overseeing the creation of a diversified mining portfolio across geographies including Africa and the Middle East. He is a resident of Dubai, UAE. Emiral is focused on international natural resources exploration, development, production, trading, and procurement, and currently holds a 19.6% equity interest in Asante. Emiral, through its production subsidiary, Alliance for Mining, is the largest industrial gold producer in Sudan. Alliance has been commended by the Sudanese Ministry of Energy & Mining for its development of the country’s mining sector and its outstanding results.

Mr. Mohammad Alothman currently serves as the CEO of Fujairah Holding LLC where he oversees both UAE and Global operations. He established and now heads an Investment Subsidiary with a portfolio in Private Equity, Venture Capital, Real Estate Development, Corporate Finance, Family Offices, and public companies. Mr. Alothman has more than 15 years of experience in financial services including the set up of various large industrial joint ventures. Fujairah Holding LLC currently holds a 19.6% equity interest in Asante. Mr. Alothman is resident in the Emirate of Fujairah.

Douglas MacQuarrie, President & CEO states, “The addition of Mssrs. Alothman and Smirnov to our Board reflects their ‘hands on’ commitment to the future success and growth of the Company. Their investment of C$34.825 million each was fundamental to our successful acquisition and current refurbishment of our lead asset – the Bibiani Gold Mine. We look forward to continuing to grow with them.”

“Douglas R. MacQuarrie”
President and CEO
About Asante Gold Corporation

Asante is a pure gold exploration and development company with a high-quality portfolio of projects in Ghana, Africa’s largest and safest gold producer. Asante is focused on developing high margin gold projects including the Bibiani and Kubi Gold mines located on the prolific Bibiani and Ashanti Gold Belts. Asante has an experienced and skilled team of mine finders, builders, and operators, with more than 24Moz of gold resources and reserves discovered and developed in Ghana. Asante is listed on the Canadian Securities Exchange and Frankfurt Stock Exchange and has announced plans to co-list its shares in Ghana. Asante is also exploring its Keyhole, Fahiakoba and Betenase projects for new discoveries, all adjoining or along strike of major gold mines near the center of Ghana’s Golden Triangle. Additional information is available on our web site at: www.asantegold.com

About the Bibiani Gold Mine

Bibiani is a historically significant Ghanaian gold mine situated in the western region of the country. Bibiani has previous production of near 5 Moz, is fully permitted with available mining and processing infrastructure on-site consisting of a 3 million tonne per annum mill and processing plant, and existing surface and underground mining infrastructure.

The Current Mineral Resource Estimate for Bibiani, as reported on 7 November 2021 and filed on SEDAR, is Measured and Indicated 20.1 million tonnes at 2.71 grams of gold per tonne for 1.81 Moz of gold, plus Inferred 8.41 million tonnes at 2.78 grams of gold per tonne for 0.75 Moz of gold. The Mineral Resource has been reported above a 0.65 g/t gold cut-off and has been depleted for both historical open pit and underground development as of 31 August 2017. The Bibiani Main Pit mineral resource has been prepared by Competent Persons (Optiro, 2017) using accepted industry practices and have been classified and reported in accordance with the JORC Code (JORC, 2012). There are no material differences between the definitions of Measured, Indicated and Inferred Mineral Resources under the CIM Definition Standards and the equivalent definitions in the JORC Code. The Satellite pit resource is an update completed in 2018 by Resolute Mining Limited. The Satellite pit resource is also reported above a cut-off grade of 0.65 g/t gold inside a pit shell defined at a gold price of US$1,950. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

For further information please contact:
Douglas MacQuarrie, President & CEO, tel: +1 604-558-1134; E-mail: [email protected]
Malik Easah, Executive Director, E-mail: [email protected]
Alec Rowlands, Capital Markets Consultant, E-mail: [email protected]
Valentina Gvozdeva, Business Development, E-mail: [email protected]
Kirsti Mattson, Media Relations, E-mail: [email protected]

Cautionary Statement on Forward-Looking Statements
This news release contains forward-looking statements. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements, including statements regarding the resources, reserves, exploration, and development program at Bibiani, including timing of future mine development and start of production.

Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company’s inability to obtain any necessary permits, consents or authorizations required for its planned activities, and the Company’s inability to raise the necessary capital or to be fully able to implement its business strategies. The reader is referred to the Company’s public disclosure record which is available on SEDAR (www.sedar.com). Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except as required by securities laws and the policies of the Canadian Securities Exchange, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

LEI Number: 529900F9PV1G9S5YD446. Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.






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Galore Receives Permits for 4000 Meters, Mobilizes Diamond Core Rig and Provides Update on OTCQB Listing

VANCOUVER, BC / ACCESSWIRE / January 19, 2022 / Galore Resources Inc. (TSXV:GRI) is pleased to announce it has received acceptance for its Drill Permit…

VANCOUVER, BC / ACCESSWIRE / January 19, 2022 / Galore Resources Inc. (TSXV:GRI) is pleased to announce it has received acceptance for its Drill Permit applications and mobilized its crews to begin a 4,000-meter diamond drill program on its 100%-owned Dos Santos property in Zacatecas State, Mexico. The program will test various locations in Galore’s El Alamo and San Jose prospects, both of which have been explored in the past and now are providing important and valuable information that augments the results of many months of field work performed by Galore’s geological staff. The following is Dr. Julio Pinto Linares’s summary of what Galore expects to achieve with the drill program.

“The drilling program for the El Alamo is the continuation of the 2019 program (see NR on March 3, 2021), completing 1,667 meters in five drill holes. This will help the delineation of mineralization, halos of hydrothermal alteration and meteoric enrichment, which has been identified on the surface and cut with the mentioned drilling program (i.e., hydroxide bodies, tectonic-hydrothermal breccias, as well as phyllic and local calc-silicate halos). The major targets are evidence of a hydrothermal system. The El Alamo mineralized structure is made up of hydroxides with a halo of hydrothermal alteration on the edges, presumably linked to magmatic fluids. The scope of the El Alamo exploration program will be to survey for the lateral continuity of a mineralized large system with an east-west strike and hosted in a carbonate marine sedimentary sequence from the Cretaceous period, as well as the review and understanding of alteration footprint and mineralization at depth.”

Dr. Julio Pinto Linares further states, “A 1500-meter drilling program has been vectorized for the San José area, which includes new diamond drilling holes, distributed in seven locations, supported by evidence of mineralization, metasomaticism and results of chemical analysis, which have demonstrated significant values ​​and anomalies of gold, arsenic, and barium.”

The Company would also like to update its United States shareholders on the progress of listing on the OTCQB. The Company has completed all the necessary paperwork and paid all necessary fees associated with the OTCQB application. It is now in the review phase with the OTC. We are hopeful in gaining approval in a timely manner and to be trading once again in the United States. We apologize for any inconvenience this interruption may have caused, but we are confident this will be a positive outcome for our shareholders.

Galore Resources is poised for a very exciting year. We thank our stockholders for continuing to support and believe in our mission. Management is optimistic for 2022 and the opportunities that lie ahead.

For further information about Galore Resources, please visit the Company’s website at www.galoreresources.com or contact:

Drew McMillan
CFO and VP Corporate Communications
Tel: (210)-325-7971 (USA)
Email: [email protected]

Dr. Julio Pinto Linares has a PhD in geological sciences with a specialty in economic geology and qualified professional No. 01365 by MMSA and is the qualified person as defined by National Instrument 43-101 responsible for the accuracy of the technical information contained in this news release presented by Galore Resources Inc.

About Galore Resources

Galore Resources is a mineral exploration and development company whose focus is to make and develop significant mineral discoveries, which are supported by a sustainable business model. Our goal is to discover a world-class gold and silver deposit in Mexico. Our flagship project is in the heart of the Concepcion del Oro Mining District, the Dos Santos Project. This project covers two historic gold zones and has the potential to host bulk tonnage gold-silver deposits based on past drilling, trenching and a recent airborne geophysical survey.

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.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, “potential”, “target”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements in this news release include, but are not limited to, statements with respect to the expectations of management regarding the Company’s ability to conduct a drill program at its Mexican mineral properties and the timing thereof, the prospective deposits, targets and mineralization at the properties and the anticipated receipt and timing of necessary governmental or third party approvals and permits. This also includes statements with respect to the Company’s ability to obtain a listing on the OTC.

Such forward-looking information reflects management’s current beliefs and is based on a number of estimates and assumptions made by and information currently available to the Company that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Readers are cautioned that such forward-looking information is neither a promise nor guarantee, and is subject to known and unknown risks and uncertainties including, but not limited to, delays in obtaining governmental or third party approvals and permits, actual results of exploration activities, unanticipated geologic formations, structures and characteristics, environmental risks, future prices of base and other metals, operating risks, accidents, labor issues, and other risks in the mining industry as well as general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets and lack of available capital. There are no assurances that the Company will obtain the necessary permits for and successfully complete the proposed technical and drill program at San Javier as currently contemplated or at all. In addition, there is uncertainty about the spread of COVID-19 and variants of concern and the impact they will have on the Company’s operations, supply chains, ability to access mineral properties, conduct due diligence or procure equipment, contractors and other personnel on a timely basis or at all and economic activity in general. All forward-looking information contained in this news release is qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. Accordingly, readers should not place undue reliance on forward-looking information. 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, except as required by law.

SOURCE: Galore Resources, Inc.

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Karus Gold Drills 80.65 Meters of 0.5 g/t Gold at Gold Creek Project

Vancouver, British Columbia–(Newsfile Corp. – January 19, 2022) – Karus Gold Corp. ("Karus Gold" or the "Company") is pleased to announce the results…

Vancouver, British Columbia–(Newsfile Corp. – January 19, 2022) – Karus Gold Corp. (“Karus Gold” or the “Company“) is pleased to announce the results from its summer 2021 drill program at its Gold Creek gold project (“Gold Creek“) part of the Company’s 1,000 square kilometers (“km“) South Cariboo Gold District in British Columbia (Figure 1). A total of 1,389 meters (“m“) in five diamond drill holes was completed at Gold Creek between mid-June and early July 2021, including hole GC-21-049 that returned 0.74 grams per tonne (“g/t“) gold over 46.4 m within a broader envelope of gold mineralization of 0.49 g/t gold over 80.65 m.

Karus Gold Vice President of Exploration, Michael Tucker, comments, “The Gold Creek program successfully confirmed the orientation and trend of the gold bearing horizon at the Camp Zone. The same mineralized horizon has now been traced for over 1,000 m of strike length, and depths up to 250 m down-dip. The system continues to demonstrate robust scale potential.”

Highlights:

  • Program confirmed the orientation of the broader envelope of gold mineralization in the Camp Zone.
  • Higher-grade plunge lines are beginning to be identified within the broader corridor or mineralization.
  • Mineralized corridor remains sparsely tested over 1,000m strike length and could be part of a much larger gold mineralizing system that includes the adjacent Spanish Mountain deposit that is 100% owned by Spanish Mountain Gold.

Table of significant drill results

Drill Hole From To Interval Au Grade1,2
(m) (m) (m) (g/t)
GC-21-049 101.6 182.25 80.65 0.49
including 112.9 159.3 46.4 0.74
GC-21-048 193.4 266.75 73.35 0.44
including 223.2 251 27.8 0.83
GC-21-047 180.4 228.5 48.1 0.31
GC-21-046 215.1 261.33 46.21 0.42
including 242.9 257.78 14.88 0.64
GC-21-045 186.7 228 41.35 0.49
206.6 219.15 12.55 1.06

 

  1. Karus Gold has not been able to determine true width yet due to complexity of the vein structures within the mineralized zones. The 2021 drill program was designed to better understand the geometry and how the mineralized zones are related. The orientation of individual quartz veins within the mineralized zones are quite variable. Reported widths are drill indicated core length and not true width, for the reasons above. Average grades are calculated with un-capped gold assays, as insufficient drilling has been completed to determine capping levels for higher grade gold intercepts.
  2. Composites are calculated using a 0.1 g/t Au cutoff, incorporating no more than 7 m downhole dilution. Higher grade composite sections are calculated using a 1 g/t and 3g/t cutoff incorporating no more than 5 m downhole dilution.

Based on this drill program the Company is confident that gold mineralization at the Camp Zone is contained within a corridor that strikes northwest and dips approximately 60-70 degrees to the northeast (Figure 2). The Camp Zone has been traced through wide-spaced drilling for ~1,000 m along strike and to a depth of ~280 m below surface, ~250 m down-dip (Figure 3). Gold mineralization at the Camp Zone lies to the northwest and along trend of the Spanish Mountain deposit, 100% owned by Spanish Mountain Gold, which hosts measured and indicated resources of 4.7 million ounces of gold grading 0.5 g/t gold (see Spanish Mountain Gold May 11, 2021 press release).

Figure 4 is an inclined long section along this mineralized corridor showing the drill density and quality of drill results. 2021 drill results from the Camp Zone indicate that higher grade plunge lines within this corridor plunge steeply to the west.

The next stage of drilling at the Camp Zone will be to systematically step out along this corridor and search for additional higher-grade zones. Interpretation of multi-element data from 2020 and 2021 is ongoing to search for alteration assemblages and elemental correlations to zones of higher-grade gold.

Next Steps and 2022 work program

The Camp Zone has largely been the focus of work at Gold Creek in the recent past, however, much of the broader land package remains largely under-explored. Karus Gold plans to complete a property wide IP survey to better understand the sub-surface geology in the area as it is largely under tertiary cover. The goal of this survey is to generate near term drill targets as well as identify any potential continuation of the Camp Zone to the northwest across the Poquette Fault. A biogeochemical survey over prospective areas will help further refine areas for drill testing. The next phase of drilling will be ~2,500 m split between the Camp Zone and new exploration targets.

Drill assay results from the 7,142 meter FG Gold drill program continue to be received and Karus Gold expects to be in a position to provide these results in the first quarter of 2022.

Collar Table:

Drill Hole Length (m) Azimuth Dip Easting Northing Elevation
GC-21-045 244.75 238.06 -52.24 599437 5831174 928
GC-21-046 300 237.58 -62.98 599437 5831174 928
GC-21-047 240 253.93 -52.79 599437 5831174 928
GC-21-048 344 254.08 -62.85 599437 5831174 928
GC-21-049 260 239.71 -51.55 599362 5831151 924

 

About Gold Creek

The 100% owned Gold Creek project consists of 34 claims totalling 9,673 hectares. Access is by all-weather gravel road. The site has well developed infrastructure and is just 70 km northeast of the town of Williams Lake, a major regional centre serviced by an airport and railway. The property has several small roads that will provide easy access for drilling the claims.

Gold Creek is adjacent to and on strike with a large, northwest-southeast trending gold-bearing zone bounded by the Quesnel River (“QR”) historic mine and mill owned by Osisko Development Corp to the northwest and the Spanish Mountain project owned by Spanish Mountain Gold Ltd. to the southeast.

More information on Gold Creek can be found in the NI 43-101 technical report dated November 26, 2021 “Technical Report on the South Cariboo Gold Property” filed under Karus Gold’s profile on SEDAR at www.sedar.com and on Karus Gold’s website at www.karusgold.com.

About Karus Gold

Karus Gold is 100% owner of the 1,000 km2 South Caribou Gold District that includes the drill-stage FG Gold and Gold Creek projects in British Columbia. Karus Gold is supported by strategic investors Eric Sprott; and insiders, together with the management and Board, own approximately 59% of the basic shares outstanding.

Further information on Karus Gold and its assets can be found on the Company’s website at www.karusgold.com and at www.sedar.com, or by contacting us as [email protected] or by telephone at (888) 455-7620.

QA/QC and Qualified Person

Once the drill core was received from the drill site, individual samples were determined, logged for geological attributes, sawn in half, labelled, and bagged for assay submittal. The remaining drill core was then stored at a secure site in Horsefly, BC. The Company inserted quality control samples at regular intervals within the sample stream which included blanks, preparation duplicates, and standard reference materials with all sample shipments intended to monitor laboratory performance. Sample shipment was conducted under a chain of custody procedure.

Drill core samples were submitted to Bureau Veritas’ analytical facility in Vancouver, BC for preparation and analysis. Sample preparation included drying and weighing the samples, crushing the entire sample, and pulverizing 250 grams. Analysis for gold was by method FA450: 50g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.005 ppm and upper limit of 10 ppm. Gold assays greater than 10ppm are automatically analysed by method FA550: 50g fire assay fusion with a gravimetric fusion.

Bureau Veritas is accredited to the ISO/IEC 17025 standard for gold assays, and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. Parameters for Bureau Veritas’ internal and Karus Gold’s external blind quality control samples were acceptable for the analyses returned.

Technical information with respect to Gold Creek contained in this news release has been reviewed and approved by Andrew Kaip, P.Geo., who is Karus Gold’s CEO and is a qualified person under National Instrument 43-101 responsible for the technical matters of this news release.

On behalf of Karus Gold

“Andrew Kaip”
Chief Executive Officer
(647) 515-7858

Investor Relations
Victor Ostlund – Kin Communications
(604) 684-6730
[email protected]

Cautionary Statement Regarding Forward-Looking Information

This news release contains forward-looking statements relating to the future operations of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects”, “suggests” and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the future plans and objectives of the Company, the next stage of the drill program and the timing, are forward-looking statements. Such forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information.

Such factors include, among others: risks related to exploration and development activities at the Company’s projects, and factors relating to whether or not mineralization extraction will be commercially viable; risks related to the hazards and risks normally encountered in the exploration of minerals, such as unusual and unexpected geological formations; uncertainties regarding regulatory matters, including obtaining permits and complying with laws and regulations governing exploration, development, production, taxes, labour standards, occupational health, waste disposal, toxic substances, land use, environmental protection, site safety and other matters, and the potential for existing laws and regulations to be amended or more stringently implemented by the relevant authorities; risks related to title to the Company’s properties, including the risk that the Company’s title may be challenged or impugned by third parties; the ability of the Company to access necessary resources, including mining equipment and crews, on a timely basis and at reasonable cost; competition within the mining industry for the discovery and acquisition of properties from other mining companies, many of which have greater financial, technical and other resources than the Company, for, among other things, the acquisition of mineral claims, leases and other mineral interests as well as for the recruitment and retention of qualified employees and other personnel; access to suitable infrastructure, such as roads, energy and water supplies in the vicinity of the Company’s properties; and risks related to the stage of the Company’s development, including risks relating to limited financial resources, limited availability of additional financing and potential dilution to existing shareholders; reliance on its management and key personnel; inability to obtain adequate or any insurance; exposure to litigation or similar claims; currently unprofitable operations; risks regarding the ability of the Company and its management to manage growth; and potential conflicts of interest.

Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events, or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.



Figure 1. Location of the 1,000 square km South Cariboo Gold District

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Figure 2. Location of Phase 1 Drill Holes at the Gold Creek Camp Zone

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Figure 3: Geologic Cross section with 2021 drill results.

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Figure 4. Gold Creek long section with 2021 drill results.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/110735











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