(TheNewswire)
Vancouver, B.C. - TheNewswire - February 13, 2024 – Bathurst Metals Corp. (“Bathurst” or the “Company”) ( TSXV:BMV ) ( OTC:BMVVF ) is pleased to announce the planned mobilization of Bathurstcrews and drill crews for February 16 and 19 respectivelyto the company’s Peerless Property insouthwest British Columbia.
The company will commence our first drill project onthe Peerless Property on February 19, 2024, targeting goldmineralization in the Beta Zone. Initial plans are for three (3) drillholes for a total of 600m. The Beta Zone is an area of historicalexploration that discovered a blind zone of high-grade goldmineralization in 1987. The 1987 drill program intercepted several gold occurrences with the bestresults of 1.02 oz/tonne over 15 ft, including 1.87 oz/tonne over 5ft. No other test drilling has occurred since1987, and the mineralization encountered remains open along strike andat depth.
The Company also announces the final results of itsprivate placement financing of flow-through and non flow-through unitsoriginally announced on October 31, 2023. The Company issued anaggregate of 4,025,000 flow-through units and 1,150,000 nonflow-through units for gross proceeds of $494,500. The Company paidcash finders fees of $26,915 on a portion of the offering and issued atotal of 267,700 finders warrants, exercisable for $0.10 to acquireone common share for a period of one year. All securities issued inthe private placement are subject to a four month hold period.
Qualified Person
Mr. Gregory Bronson, P.Geo., is a "QualifiedPerson" as defined by National Instrument 43-101. Mr. Bronsonhas approved the scientific and technical information included in thisnews release for dissemination..
Onbehalf of the Board of Directors
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 MetalsCorp. is anexploration-stage company engaged in the acquisition, exploration, anddevelopment of mineral properties in Nunavut and British Columbia,Canada. The Company holds a 100% interest in the Turner Lake, TED, McGregorLake, Speers Lake, Gela Lake and McAvoy Lake Projects in Nunavut andthe Peerless Property a gold /silver prospect in the historic BralorneCamp in British Columbia.
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