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Highlights
Historical sampling grading33g/t Au*on new claims
On trend with Tabor depositwith2023 drill programhitting 5g/t Au over 8m including41 g/t over 1m
Completion ofHowie Gradient IPsurvey withdataexpectedJuly
*Historical sample non-43-101 compliant
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Figure 1. Location of New Sakoose Option Claims
About the Additional Claims
The additional claims are located just east of the Tabor Lease and contain the Star Apple occurrence sampled in 1980 by Sulpetro Metals in 1980. It is described in historical reports as a quartz vein in a QFP and a single sample was taken as chips across 25cm. The historic sample graded 33 g/t Au* and 8.7 g/t Ag* (1.18 oz/t Au* and 0.31 oz/t Ag*). The Tabor vein is also hosted in QFP located on trend with the Star Apple occurrence and is likely the same system to be confirmed by 2024 field work.
The claims were added into the Sakoose Option as an amendment and will have the same terms and conditions as the original Sakoose claims. A cash consideration of
$8,000 cash payment and 200,000 shares on execution of agreementstAnniversary –
$12,000 cash paymentnd Anniversary –
$18,000 cash paymentrd Anniversary –
$30,000 cash payment or,at election of Ashley,$14,000 cash payment and$20,000 payable in shares based on previous 20-day Volume Weighted Average Price (VWAP)1.5%
Net Smelter Royalty (NSR) with option to purchase 0.5% back at$600,000 reducing NSR to 1%
About the
The field acquisition of the Howie Gradient IP survey has been completed with no environmental concerns or Personnel concerns. The field data will now be processed by Abitibi Geophysics into a final interpretive product for identifying potential drill targets at depth.
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Figure 2. Location of Howie gradient IP Survey Lines
Samples in this news release denoted with an Asterix (*) are historical in nature and are not 43-101 compliant.
Qualified Person
The technical and scientific information in this news release has been reviewed and approved by Darcy Christian,
About
The responsibility of this release lies withMr.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
DISCLAIMER & FORWARD-LOOKING STATEMENTS
This news release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements are based on assumptions and address future events and conditions, and by their very nature involve inherent risks and uncertainties. Although these statements are based on currently available information,
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Copyright (c) 2024 TheNewswire - All rights reserved., source