(TheNewswire)
Vancouver, B.C. -- TheNewswire -- March 19,2024—Bathurst Metals Corp. (“Bathurst” or the “Company”)(TSXV:BMV) (OTC:BMVVF) is pleased to announce the completion of theCompany’s inaugural diamond drilling program on our PeerlessProject, testing the Beta Zone area. The program entailed completingfour HQ-size diamond drill holes for 702.0 metres. The Peerless Property is in the historic Bralorne-Gold BridgeMining Camp area in southwest British Columbia.
The company initially planned to drill three (3) holestotaling 600 metres. Based on the extent and concentrations ofmineralization and noted visible gold, the program was expanded tofour (4) holes for a total of 702.0 metres.
Mineralization consisted mainly of fracture-controlledto semi-massive arsenopyrite, pyrite, galena, and sphaleriteassociated with quartz veins, quartz-carbonate veining, micro-veining,and areas of extensive silica flooding. Intense clay alteration alsooccurs near sulphide mineralization. Mineralization is hosted mainlywithin brecciated and listwanite altered ( carbonate,serpentine, talc, ± mariposite/fuchsite ) ultramafics,sparse feldspar porphyry dykes and carbonatized felsic dykes.
This successful drill program allowed the Companygeologists to confirm the occurrence of an east-west trending, nearvertical structure associated with mineralization. The structureappears to offset the local dykes, and based on airborne and groundmagnetic surveys, several additional structures may occur on theproperty in areas of elevated base and precious metals present inhistoric soil samples.
Lorne Warner, P.Geo, President of Bathurst MetalsCorp., States, “ We werevery successful in our first drilling program consistently locatingand encountering significant concentrations of mesothermal sulphidemineralization in the target east-west trending structure we believeis responsible for the gold mineralization. Confirming our hypothesis,visible gold was indeed observed to be associated with sulphidemineralization. We also suspect we have located a second similargold-bearing structure, both of which remain open along strike and todepth.”
Once the Company has received and compiled themulti-element analysis ICP (Induced Coupled Plasma) and gold fireassay data of the 108 selectedsamples. The Company will consider further drilltesting in late spring 2024 as the structure remains open along strikeand down-dip. Assay results are pending.
Qualified Person
Mr. Greg Bronson, P.Geo., is a "QualifiedPerson" as defined by National Instrument 43-101. Mr. Bronsonhas approved the dissemination of the scientific and technicalinformation in this news release.
On behalf of the Board of Directors
“HaroldForzley”
CEO
Bathurst Metals Corp.
For more information contact Harold Forzley, ChiefExecutive Officer
604-783-4273
Neither TSX Venture Exchange nor itsregulation services provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
About Bathurst Metals Corp.
Bathurst Metals Corp. is an exploration-stage companyengaged in the acquisition, exploration, and development of mineralproperties in Nunavut and British Columbia, Canada. The Company holdsa 100% interest in the Turner Lake, TED, McGregor Lake, Speers Lake, Gela Lake and McAvoyLake Projects in Nunavut and the Peerless Property a gold /silverprospect in the historic Bralorne Camp in British Columbia.
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