RENO -
NYNGAN
A 12 hole program is planned at Nyngan; 10 holes on ML 1792 and the remaining two on EL 8316. All of this work is on the western extremity of the existing Nyngan resource and should add further higher grade Scandium resource to the project. With the resource approximately 20 meters below surface, a total of 500 metres of drilling is planned at Nyngan.
HONEYBUGLE
There are four major anomalies at Honeybugle and the drilling program is planned to better understand two of the anomalies at Honeybugle - Woodlong and Seaford. Woodlong exploration, which we believe to be the most prospective, will involve 27 holes which will follow up on earlier higher grade results. At Seaford, six holes will be drilled, with the goal to delineate any extension of earlier promising results. A total of 800 metres of drilling is planned at Honeybugle which is also a shallow mineralization.
The NSW Government has confirmed that the Honeybugle exploration license has been approved for renewal for a further 6 years.
CEO
Contact:
CEO
Tel: (702) 703-0178
Comptroller
Tel: (702) 703-0178
Email: ir@scandiummining.com
This press release contains forward-looking statements about the Company and its business. Forward looking statements are statements that are not historical facts and include but are not limited to statements regarding any future development of the project. The forward-looking statements in this press release are subject to various risks, uncertainties and other factors that could cause the Company's actual results or achievements to differ materially from those expressed in or implied by forward looking statements. These risks, uncertainties and other factors include, without limitation: risks related to uncertainty in the demand for scandium, the possibility that results of test work will not fulfill expectations, or not realize the perceived market utilization and potential of scandium sources that may be developed for sale by the Company. Forward-looking statements are based on the beliefs, opinions and expectations of the Company's management at the time they are made, and other than as required by applicable securities laws, the Company does not assume any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or other circumstances, should change.
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