(via TheNewswire)
Highlights
The program successfully identified graphite mineralization with geological similarities to LDI, showcasing graphite content typically ranging from 1-15% Cg, with occasional thin veins of massive graphite.
Trenching and overburden stripping work was also conducted on both conductors T1 and T2 which uncovered graphite mineralization, a part of which was extended to the edge of the Property on the adjacent LDI mine.
During the present field investigations, atotal of 60 rock samples were collected from the Property and have been sent to an independent accredited laboratory, “ACTLABS” in
Ancaster Ontario , for assaying.Access negotiations with surface landowners were successfully completed providing the necessary access for exploration work on the identified targets.
The program laid the groundwork for planning drill holes in the next phase of exploration, aimed at verifying the continuity of large flake surface graphite mineralization at depth and along strike. Target areas T1 and T2 boast dimensions of 500 m in the east-west direction and over 1,000 m long in the north-south direction.
Mr.
Figure 1: Airborne geophysical survey map showing graphite exploration targets including T1 and T2.
Photo of individual flake size (2023 fieldwork photo)
Photo: Graphite mineralization on T1 (2023 fieldwork photo)
About the Lac-des-Îles West Graphite Property
The property is in Bouthillier township in Saint-
Qualified Person
Cautionary Statement
Investors are cautioned that the information regarding LDI graphite mine has been taken from Northern Graphite Corp. website https://www.northerngraphite.com/project/lac-des-iles-mine/ and other online sources at: https://www.mern.gouv.qc.ca Energie et Resources Naturelles Quebec. The Company is unable to verify the information and the information is not necessarily indicative of the mineralization on the Property which is subject of this news release.
On Behalf of the Board,
CEO, Director
(604) 669-9788
info@cullinanmetals.com
About
Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities laws (collectively, “forward-looking statements”). Forward-looking statements in this news release relate to, among other things: statements with respect to exploration results, anticipated exploration program results from exploration activities, the anticipated business plans and timing of future activities of the Company and all other statements that are not historical facts, particularly statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance of the Company. Often, but not always, forward looking statements can be identified through the use of words or phrases such as “will likely result”, “areexpected to”, “expects”, “will continue”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”, “forecast”, “projection”, “strategy”, “objective” and “outlook”. Forward-looking statements contained in this news release are made based on reasonable estimates and assumptions made by management of the Company at the relevant time in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that are believed to be appropriate and reasonable in the circumstances. Forward-looking statements contained in this news release are made as of the date of this news release and the Company will not update any such forward-looking statements as a result of new information or if management’s beliefs, estimates, assumptions or opinions change, except as required by law. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
Forward-looking statements involve known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s control, which could cause actual results, performance, achievements and events to differ materially from those that are disclosed in or implied by such forward-looking statements. Such risks and uncertainties include, among others, operating and technical difficulties in connection with mineral exploration and development activities, actual results of exploration activities, the estimation or realization of mineral reserves and mineral resources, the fact that the Company’s interest in the Property is an option only and there is no guarantee that such interest, if earned, will be certain, capital expenditures, requirements for additional capital, future prices of graphite, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, delays in obtaining governmental approvals, permits or financing, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or authorizations, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and all other risks and uncertainties disclosed in the Company’s prospectus dated
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Copyright (c) 2023 TheNewswire - All rights reserved., source