Key Highlights
- Highlighted results include 9.5 g/t gold, 0.5% copper and 2.0% zinc discovered in outcrop.
- Significant results in outcrop across a regional NE trending zone of high copper, gold, and zinc.
- On trend with the
York Harbour Copper Mine 1 - Regional magnetic geophysics clearly shows the faulted contact between the mafic marine volcanics and hypabyssal intrusive rock, referred to as the Gregory River Fault, running through the center of theSting group of claims and theYork Harbour Copper Mine (Figure 2). - Cluster of highly anomalous samples taken over 350 m from an area with no documented mineral showing.
- Claim package comprises prospective geology covering 123 km2 in mining-friendly
Newfoundland . - Structural analysis and soil sample interpretation are ongoing. The Company is currently planning for the next phase of exploration that will continue to expand upon and refine the encouraging geochemical results discussed above, with the ultimate aim to produce drill targets.
The mafic rocks that underlie the Jumbo Lode Prospect, the key focus for the recent exploration program, are part of the
Figure 1 - The ‘Jumbo’ Showing of the
Figure 2 – Copper and Zinc trend along the contact between the Volcanic and hypabyssal mafic rocks of the
Sampling teams collected 99 rock samples and 404 soil samples over four grids across the property. Soil samples were collected at 25 metre intervals along lines and lines were 100 – 200 metres apart.
Soil sampling results from the program are currently being interpreted in conjunction with a structural study and will be discussed in a subsequent news release.
Table 1 - Significant Rock Results
Regional magnetic geophysics clearly shows the faulted contact between the mafic marine volcanics and hypabyssal intrusive rock, referred to as the Gregory River Fault, running through the center of the Sting group of claims.
The spring field program was managed by
Qualified Person
1 The Qualified Person has not verified the information on the adjacent properties and the information disclosed and is not necessarily indicative of mineralization on the
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Forward Looking Statements
This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding the Project acquisition bringing a low-risk opportunity, the Company building a strong battery metals portfolio with low-risk opportunities that positively impact the Company and its shareholders and the Company providing an initial work plan are "forward-looking statements". Forward-looking statements in this news release include, but are not limited to, statements with respect to the Project and its mineralization potential; the Company’s objectives, goals or future plans with respect to the Project; the commencement of drilling or exploration programs in the future; the expected benefits from the results of the program. These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
The Canadian Securities Exchange (CSE) does not accept responsibility for the adequacy or accuracy of this release.
Photos accompanying this announcement are available at
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https://www.globenewswire.com/NewsRoom/AttachmentNg/647ba439-2456-49f3-b15e-f8a9eadc2281
https://www.globenewswire.com/NewsRoom/AttachmentNg/c34519fc-ad20-495c-9e3c-334b357be322
Figure 1
The ‘Jumbo’ Showing of the Sting Project
Figure 2
Copper and Zinc trend along the contact between the Volcanic and hypabyssal mafic rocks of the Bay Island Complex
Table 1
Significant Rock Results
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