- Expansion of Flagship Woodjam Project: With the addition of these claims, the
Woodjam Project will cover 90,163 hectares of prospective southern Quesnel Terrane. - Prospective Geology: The newly staked claims are largely underlain by intrusive rocks of the Takomkane batholith, which hosts porphyry-related copper-gold mineralization at the nearby Southeast deposit. The purchased claims are largely underlain by Nicola Gp. volcaniclastic rocks.
"I am pleased that we've been able to add over 16,000 hectares of prospective geology to the
The claims to be purchased (see Figure 1) total 1,226 hectares and cover a zone of outcropping quartz-carbonate veins in Nicola volcaniclastic rocks with high-grade sphalerite and gold mineralization. Grab samples collected by
Table 1: Rock chip assays from purchased claims. | ||||
Sample | Ag g/t | Au g/t | Cu % | Zn % |
C00367757 | 244.0 | 9.01 | 1.54 | 10.8 |
C00367758 | 3.2 | 3.20 | 0.67 | 26.8 |
C00367759 | 0.6 | 0.57 | 0.14 | 7.6 |
C00367760 | 3.1 | 3.10 | 0.66 | 19.0 |
C00367761 | 1.3 | 1.30 | 1.01 | 23.4 |
These claims will be acquired from an arms-length vendor for 200,000 common shares of
The newly staked claims have an area of 14,782 hectares and are in two blocks contiguous with the southern end of the
Figure 1 – Woodjam New Claims Location
The 90,163-hectare
To date, six zones of porphyry-related mineralization (Megabuck, Deerhorn, Takom, Three Firs, Southeast, Megaton) have been identified at the
In 2023
Samples were submitted to
The Company's disclosure of technical or scientific information in this press release has been reviewed and approved by
Neither the
The information contained herein contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including, without limitation, planned exploration activities. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Forward-looking statements in this news release include, among others, statements relating to: completion of the acquisition of mineral claims; the Company's growth and business strategies; and the exploration and development of the Company's properties.
Such forward-looking information and statements are based on numerous assumptions, including among others, that the results of planned exploration activities are as anticipated, the anticipated cost of planned exploration activities, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company's planned exploration activities will be available on reasonable terms and in a timely manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.
Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: negative operating cash flow and dependence on third party financing, uncertainty of additional financing, no known mineral reserves or resources, the limited operating history of the Company, the influence of a large shareholder, aboriginal title and consultation issues, reliance on key management and other personnel, actual results of exploration activities being different than anticipated, changes in exploration programs based upon results, availability of third party contractors, availability of equipment and supplies, failure of equipment to operate as anticipated; accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry, environmental risks, changes in laws and regulations, community relations and delays in obtaining governmental or other approvals.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws
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