(TheNewswire)
Vancouver, B.C. - TheNewswire - July 6, 2023 – Bathurst Metals Corp. (“Bathurst” or the “Company”) ( TSXV:BMV ) ( OTC:BMVVD ) is pleased toannounce that exploration crews havesuccessfully completed our spring soil sampling and ground magneticsurvey program on the Peerless property located in the GoldbridgeMining camp, in south-central British Columbia. Field crews collecteda total of 200 soil samples in an area of altered, up-thrustedultramafics. Crews also performed 15.5 line kilometers of groundmagnetic surveying. The new lines were laid out to infill betweenrecently completed 53 kilometers of ground magnetic surveys. Soilsampling and geophysical survey work were completed between May 29,2023 and June 8, 2023.
Historic soil sampling and drilling assay results from the propertyhave shown significant gold concentrations associatedwith the altered ultramafics. The best assay results correlatewith northeast and east-west trending structures. The just completedground magnetic survey better delineates the magnetic ultramafics andwill also be used to map out any structural offsets in theultramafics.
A drill permit application has been submitted to the British ColumbiaMinistry of Mines with the drill program timed to occur this latesummer / early fall.
Assay results are pending on the recently submittedsoil samples submitted to Activation Labs in Kamloops, BritishColumbia.
Bathurst President, Lorne Warner said : “With the Xwisten exploration agreement in place and thesubmission of the drill permit application the company is now makingfinal preparations for drilling later this year.
The combination of knowing theoccurrence of high-grade gold/silver plus base metals mineralizationfrom historic drilling and the fact that the property can be easilydrill tested any time of the year means Bathurst Metals will beanother one of several companies busy exploring in the GoldbridgeCamp”.
Qualified Person
Lorne Warner, P Geo, is a qualified person as definedby National Instrument 43-101 and has reviewed
and approved the scientific and technical disclosure inthis news release. Mr. Warner is not independent of theCompany.
ON BEHALF OF THE BOARD OFDIRECTORS
Bathurst Metals Corp.
For more information contact Harold Forzley
info@bathurstmetalscorp.com
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.
Forward Looking Statements
Certain of the statements made and informationcontained herein may contain forward- looking information within themeaning of applicable Canadian securities laws. Forward-lookinginformation includes, but is not limited to, information concerningthe Company's intentions with respect to the development of itsmineral properties. Forward-looking information is based on the views,opinions, intentions and estimates of management at the date theinformation is made, and is based on a number of assumptions andsubject to a variety of risks and uncertainties and other factors thatcould cause actual events or results to differ materially from thoseanticipated or projected in the forward-looking information (including the actions of other parties who haveagreed to do certain things and the approval of certain regulatorybodies). Many of these assumptions are based on factors and eventsthat are not within the control of the Company and there is noassurance they will prove to be correct. There can be no assurancethat forward-looking information will prove to be accurate, as actualresults and future events could differ materially from thoseanticipated in such information. The Company undertakes no obligationto update forward-looking information if circumstances or management'sestimates or opinions should change except as required by applicablesecurities laws, or to comment on analyses, expectations or statementsmade by third parties in respect of the Company, its financial oroperating results or its securities. The reader is cautioned not toplace undue reliance on forward-looking information.
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