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Field crews have been mobilized and are ready to commence the induced polarization (IP) resistivity geophysical survey upon the receipt of the exploration permit. The Company has submitted the required exploration permit application to the
The primary objective of the upcoming survey is to enhance the existing data set of the CLR property and identify vectors that will increase the likelihood of discovering uranium deposits. Kiplin's exploration teams are committed to adopting innovative concepts in deposit formation study and exploration methods, utilizing new skills and techniques to position the Company as a leader in uranium deposit discovery.
As previously reported (Press Release dated
Three parallel (South-Southeast) conductors over a width of one kilometre identified on F3 Uranium Corp.’s
Paterson Lake North (PLN) property, designated as theNorth Conductor Complex that trend onto the western portion of the CLR property.Multiple other magnetic lineaments on the CLR property both parallel and cross-cutting to the
North Conductor Complex trend.Multiple
Alpha Track radon gas sensors anomalies previously completed (2017) and spectrometer radioactivity anomalies discovered by the Company in 2022 (see Press Release,November 23, 2022 ). Background radioactivity readings with a handheld Radiation Solutions RS-125 Super-SPEC gamma-ray spectrometer (*) are in the 20- 50 counts per second (cps) range, with over 100 anomalous boulders in the 100-500 cps range detected.
(*) Natural gamma radiation in outcrop locations reported in this news release was measured in counts per second using a handheld Radiation Solutions RS-125 Super-SPEC gamma-ray spectrometer. The reader is cautioned that spectrometer readings are not directly or uniformly related to uranium grades of the rock sample measured and should be used only as a preliminary indication of the presence of radioactive materials.
These prospective targets, coupled with the extensive data collection efforts, demonstrate Kiplin's commitment to thorough exploration and the pursuit of potential uranium deposits within the CLR property.
Dr.
Kiplin will conduct its exploration activities adhering to the highest environmental management standards and maintain close co-operation with local stakeholders, including indigenous communities throughoutthe permitting, exploration, and closure stages.
Incentive Option Grant
The Company also announces that it has granted 1,500,000 incentive stock options (the “Options”) to the directors and officers of the Company. The Options vest immediately and are exercisable at a price of
Qualified Person
Dr.
About
For further information, contact the Company atinfo@kiplinmetals.comor 604-622-1199, or visit the Company’s website atwww.kiplinmetals.com.
On behalf of the Board,
“Peter Born”
Director
Neither the
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 offuture 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.
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