(TheNewswire)
HIGHLIGHTS:
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The Company has now received the final samples from theKibby Basin Lithium Project with the results from two boreholes (KB22-01 and KB 22-02) confirming high levels of lithium-bearingsediments along with dissolved lithium in the groundwater.
? Mineralised intervalscontaining up to 924 ppm lithium with greater than 300 ppm lithium over thicknesses in excess of450m (1475 ft) have been identified in coresamples of clay-rich playa sediments.
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Lithium mineralisation is fairly consistent in boththickness and grade in the two boreholes, which are 2000 m apart, suggesting extensive lateral occurrenceacross the basin.
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Drill hole KB 22-01
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Assay results of drill core returned lithium solids concentrations of up to 924 ppm Li withmineralisation open at depth.
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Below the contact between unconsolidated lakebedsediments and more lithified sediments, lithium content increasedsignificantly and drilling intersected a 79 m(260 ft) thick section from 362-441 m (1188-1448 ft) averaging 771 ppmLi with a high of 924 ppm Li
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The upper high lithium zone was contained within a verythick zone, averaging 383 ppm Li over 487 m(1597 ft) continuing to the bottom of the hole.The lithium mineralisation is open at depth.
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Drill hole KB 22-02
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Encountered anomalous lithium values above the hardgravel and significant lithium enrichment below with mineralisation remaining open at depth.
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A thick zone of 169 m (555 ft)averaging 558 ppm Li with a high of 860 Li laybelow the contact.
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Lithium mineralisation continued to the bottom of thehole with an average of 379 ppm Li over 451m(1478 ft) continuing to the bottom of the hole.The lithium mineralisation is open at depth.
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Dissolved lithium was identified in the groundwater atdepths generally correlating with the lithium bearingsediments.
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Following these significant results, Marquee hascommenced planning for a 2023 exploration program at theProject
Vancouver, B.C. Canada, January 26, 2022 ; Belmont Resources Inc. (“Belmont”), (or the“Company”), (TSX.V: BEA; FSE: L3L2) is pleased to announce thatBelmont’s JV partner Marquee Resources (ASX: MQR) (“Marquee”)announced the final results from its Kibby Basin Lithium Project 2022drill campaign. Assay results received indicated thick sequences oflithium- bearing sediments at the Project, with up to 924 ppm Li fromthe two exploration boreholes (KB 22-01 and KB 22-02) that werecompleted.
George Sookochoff, President & CEO commented,“What is notable in the Kibby results from the first two holesdrilled; Mineralised intervals containing up to 924 ppm lithium with greater than 300 ppm lithium over thicknesses in excess of 450m andfairly consistent Lithium mineralisation in both thickness and gradein the two boreholes, which are 2,000 mapart , suggestingextensive lateral occurrence across the basin . Belmont is looking forward to Marquee continuing in 2023.”
Core Assay Results
Hole KB 22-01 was drilled as a vertical borehole to adepth of 880 m (2888 ft). The hole was drilled as an air-corepre-collar to a depth of 329 (1080 ft), followed by HQ core, reducedto NQ core at 408 m (1338 ft).
As expected, analysis of cuttings from the uppernon-core section of the hole indicated weakly anomalous lithiumcontent, ranging from a few 10s of ppm to 154 ppm Li. Drillingswitched to core immediately below a hard gravel unit, which forms theboundary between unconsolidated pluvial-fluvial sediments andpartially lithified equivalents with substantial tuffaceous (ash)content below. A representative sampling of approximately 10% of thecore was split in half using a diamond saw and one split was deliveredto Paragon Geochemical in Sparks, NV, an ISO/IEC 17025-2017 certifiedlaboratory, for 31-element ICP analysis, including lithium.
Lithium content increased significantly below thecontact, with a 79 m (260 ft)-thick section from 362-441 m (1188-1448ft) averaging 771 ppm Li with a high of 924 ppm Li. The upper highlithium zone was contained within a very thick zone, averaging 383 ppmLi over 487 m (1597 ft) continuing to the bottom of the hole. Thelithium mineralisation is open at depth.
Hole KB 22-02 was drilled as a vertical borehole to adepth of 915.6 m (3004 ft). Similar to the first hole, KB 22-02 wasdrilled as a mud-rotary pre-collar to a depth of 365 m (1198 ft),followed by HQ and NQ core.
As with the first hole, KB 22-02 encountered anomalouslithium values above the hard gravel and significant lithiumenrichment below. A 169 m (555 ft)-thick zone averaging 558 ppm Liwith a high of 860 Li lay below the contact. Lithium mineralisationcontinued to the bottom of the hole with an average of 379 ppm Li overan interval of 451 m (1478 ft). Mineralisation remains open atdepth.
Both KB 22-01 and KB 22-02 were drilled to test a thickMT conductor. The start of the high lithium zone in both holescorresponds with the approximate top of the conductor. Neither holedrilled to the bottom of the conductor or the bottom of the potentialaquifer zone within the playa-filling sediments.
The results of the core sampling are presented in Table1.
Hole KB 22-01 was sampled for lithium-bearinggroundwater in the pre-collar interval to a depth of 305 m (1000 ft),and the HQ and NQ core intervals to 853 m (2797 ft). Twenty-threeintervals were sampled including two long interval, large purge-volumesamples and a duplicate for quality assurance. Sample intervals werepurged of drilling fluids and drill cuttings prior to sampling. Amultiparameter chemistry meter was used to periodically monitor thepurge water general chemistry and ensure formation groundwater wassampled. The general chemical parameters of water samples were alsomeasured at the time of sample collection.
Samples were sent to a laboratory where they wereanalysed for a wide range of total and dissolved metals (includingLithium), anions, and general parameters. The total metals analysisprovided a cumulative assay of both the soluble (dissolved) andparticulate concentration of Lithium, and other metals, in the sampledwater. The dissolved metals analysis reported only the soluble metalsin solution.
Groundwater samples from twelve intervals of the upperpre-collar section of the hole were collected by means of airliftinggroundwater from a short interval of exposed borehole. The pre-collarhole samples were delivered to ALS Geochemistry in Reno, NV, an ISO45001-2018 certified laboratory, for 53-element trace element ICPanalysis of dissolved metals. The trace element analysis is suitablefor water with a low total dissolved solids (TDS) content (< 1%)and has a lithium detection limit of 0.1 ?g/L.
Eleven samples from the HQ and NQ core hole below 343 m(1124 ft) were sampled with a large-volume bailer lowered to targeteddepths. The core hole samples were delivered to Western EnvironmentalTesting Laboratories (WETLAB) in Sparks, NV, a Nevada Division ofEnvironmental Protection accredited laboratory, for 34-element ICP analysis, select anion by IonChromatography, and general chemistry analyses. This standard ICPanalysis is suitable for elevated TDS water and has a laboratorydetection limit for lithium of 0.1 mg/L and a practical quantitationlimit of 2.0 mg/L. Standard ICP method lithium results below 2.0 mg/Lshould be considered an estimate.
ALS results from the pre-collar upper portion of thehole indicated dissolved lithium content up to 0.15 mg/L. The lithiumcontent increased in the deeper HQ and NQ intervals of the hole. Totaland dissolved lithium content peaked at 0.7 mg/L and 0.4 mg/L,respectively, at a depth of 407.8 – 410.9 m (1338 – 1348 ft). Thiszone correlated with high lithium content identified in the coreassays.
Hole KB 22-02 was sampled for lithium bearinggroundwater in the HQ and NQ intervals from 365 m (1198 ft) to
915.6 m (3004 ft). Twenty-nine samples were collectedand analysed: including samples from overlapping zones and a longinterval, large purge volume sample. As in the previous hole, eachinterval was purged of drilling fluids and cuttings prior to sampling.A multiparameter chemistry meter was used to periodically monitor thepurge water general chemistry and ensure formation groundwater wassampled. The general chemical parameters of sample water were alsomeasured at the time of sample collection. Groundwater samples weresent to WETLAB for 34-element ICP analysis of total and dissolvedmetals, select anion by Ion Chromatography, and general chemistryparameters.
The lower portion of KB 22-02 below 817 m (2682 ft)drilled through relatively competent formation material and wassampled by means of a straddle packer system across three intervals.The higher intervals of the borehole were drilled through formationmaterials unsuitable for packer testing. Twenty-four samples in thishigher zone were collected using a large-volume bailer lowered totargeted depths following core hole purging. The remaining two sampleswere of purge water with anomalous chemistry readings.
Total lithium content increased exponentially withdepth to a peak of 27 mg/L at 549 m (1800 ft). Multiple water samplesconfirmed elevated total lithium content across the zone from about518 to 564 m (1700 to 1850 ft). This zone roughly correlated with highlithium content identified in the core assays.
Elevated lithium content occurred in two samples (Table3: No. 25 and No. 26) of purge water recovered from a depth of about762 m (2500 ft). However, other water samples collected fromoverlapping zones after purging (Table 3: No. 22 and No. 24) did notindicate the same elevated lithium content.
The summarised final results of the water sampling fromKB 22-01 and KB 22-02 are presented in Table 2 and Table 3,respectively.
Figure 1 – Kibby Basin Drill Program
Figure 2 - Lithology Logs
T ab le 1 -
KB 2 2 - 01 - 4 3 0313 m E , 4243652 m N NA D 8 3 , v e r ti c a l h ole, T D 880 . 2 m | KB 2 2 - 02 - 4 3 1950 m E , 4242630 m N , v e r ti c a l h ole, T D 915 . 6 m |
Sample | Sample | ||||||
F r o m ( m ) | To ( m ) | le n gt h ( m ) | Li ppm | F r o m ( m ) | To ( m ) | le n gt h ( m ) | Li ppm |
0 | 6 .1 | 6 .1 | 70 | ||||
6 .1 | 12 .2 | 6 .1 | 80 | ||||
12 .2 | 18 .3 | 6 .1 | 80 | ||||
18 .3 | 24 .4 | 6 .1 | 80 | ||||
24 .4 | 30 .5 | 6 .1 | 80 | ||||
30 .5 | 36 .6 | 6 .1 | 100 | ||||
36 .6 | 42 .7 | 6 .1 | 100 | ||||
42 .7 | 48 .8 | 6 .1 | 140 | ||||
48 .8 | 54 .9 | 6 .1 | 110 | 0 .0 | 0 .0 | 0 .0 | 65 |
54 .9 | 61 | 6 .1 | 100 | 0 .0 | 0 .0 | 0 .0 | 65 |
61 | 67 .1 | 6 .1 | 90 | 0 .0 | 0 .0 | 0 .0 | 75 |
67 .1 | 73 .2 | 6 .1 | 80 | 0 .0 | 0 .0 | 0 .0 | 96 |
73 .2 | 79 .3 | 6 .1 | 40 | 0 .0 | 0 .0 | 0 .0 | 110 |
79 .3 | 85 .4 | 6 .1 | 100 | 0 .0 | 0 .0 | 0 .0 | 136 |
85 .4 | 91 .5 | 6 .1 | 90 | 0 .0 | 0 .0 | 0 .0 | 144 |
103 .6 | 109 .7 | 6 .1 | 143 | 0 .0 | 0 .0 | 0 .0 | 119 |
134 .1 | 140 .2 | 6 .1 | 122 | 0 .0 | 0 .0 | 0 .0 | 135 |
164 .6 | 170 .7 | 6 .1 | 132 | 0 .0 | 0 .0 | 0 .0 | 130 |
237 .7 | 243 .8 | 6 .1 | 141 | 0 .0 | 0 .0 | 0 .0 | 106 |
298 .7 | 304 .8 | 6 .1 | 154 | 0 .0 | 0 .0 | 0 .0 | 161 |
317 .0 | 323 .1 | 6 .1 | 64 | 0 .0 | 0 .0 | 0 .0 | 165 |
317 .0 | 323 .1 | 6 .1 | 53 | 0 .0 | 139 | ||
c ut t i n g s | c ut t i n g s | ||||||
c o r e | c o r e | ||||||
362 .1 | 364 .2 | 2 .1 | 682 | 365 .7 | 368 .2 | 2 .4 | 318 |
408 .3 | 413 .4 | 5 .1 | 810 | 380 .4 | 383 .1 | 2 .7 | 90 |
413 .8 | 416 .9 | 3 .1 | 924 | 415 .4 | 418 .5 | 3 .0 | 105 |
438 .1 | 441 .3 | 3 .2 | 917 | 427 .9 | 430 .7 | 2 .7 | 108 |
471 .7 | 474 .9 | 3 .2 | 523 | 462 .7 | 465 .7 | 3 .0 | 494 |
505 .2 | 508 .4 | 3 .2 | 151 | 496 .2 | 499 .2 | 3 .0 | 510 |
529 .6 | 532 .8 | 3 .2 | 103 | 525 .4 | 527 .6 | 2 .1 | 860 |
564 .9 | 571 .2 | 6 .3 | 186 | 555 .0 | 558 .1 | 3 .0 | 539 |
587 .4 | 590 .7 | 3 .3 | 219 | 586 .1 | 587 .6 | 1 .5 | 768 |
636 .2 | 639 .4 | 3 .2 | 202 | 629 .1 | 631 .8 | 2 .7 | 345 |
684 .6 | 687 .9 | 3 .3 | 362 | 647 .7 | 650 .7 | 3 .0 | 138 |
663 .8 | 666 .9 | 3 .1 | 251 | 678 .8 | 681 .0 | 2 .3 | 89 |
684 .9 | 687 .9 | 3 .0 | 255 | 708 .6 | 710 .8 | 2 .1 | 144 |
770 .3 | 773 .5 | 3 .2 | 356 | 751 .9 | 755 .0 | 3 .0 | 192 |
753 .7 | 755 .9 | 2 .2 | 115 | 772 .3 | 775 .1 | 2 .7 | 188 |
770 .5 | 773 .5 | 3 .0 | 294 | 809 .2 | 812 .3 | 3 .1 | 200 |
813 .2 | 815 .6 | 3 .1 | 296 | 833 .0 | 836 | 3 .0 | 411 |
849.7 | 852.8 | 3.0 | 324 | 868.9 | 872 | 3.1.0 | 501 |
873.2 | 876.3 | 3.1 | 311 | 910.1 | 913.1 | 3.0 | 312 |
Table 2 –
Sample No. | Depth (m) | Specific Conductivity | Total Dissolved Solids | Lithium - Dissolved | Lithium - Total | |
From | To | (?S/cm) | (mg/L) | (mg/L) | (mg/L) | |
KB22-01 No. 1 | 89.9 | 91.4 | 3200 | 2530 | 0.040 | NA |
KB22-01 No. 2 | 108.2 | 109.7 | 4780 | 3110 | 0.055 | NA |
KB22-01 No. 3 | 120.4 | 121.9 | 1330 | 860 | 0.102 | NA |
KB22-01 No. 4 | 126.5 | 128.0 | 1370 | 3440 | 0.059 | NA |
KB22-01 No. 5 | 138.7 | 140.2 | 2390 | 1540 | 0.075 | NA |
KB22-01 No. 6 | 150.9 | 152.4 | 5580 | 3620 | 0.061 | NA |
KB22-01 No. 7 | 169.2 | 170.7 | 6410 | 4150 | 0.068 | NA |
KB22-01 No. 8 | 207.3 | 208.8 | 1590 | 1030 | 0.150 | NA |
KB22-01 No. 9 | 224.0 | 230.1 | 2450 | 1590 | 0.128 | NA |
KB22-01 No. 10 | 249.9 | 256.0 | 2320 | 1510 | 0.079 | NA |
KB22-01 No. 11 | 268.2 | 274.3 | 2730 | 1780 | 0.078 | NA |
KB22-01 No. 12 | 298.7 | 304.8 | 1090 | 710 | 0.056 | NA |
KB22-01 No. 13 | 342.6 | 345.6 | 2254 | 1830 | 0.2 | 0.5 |
KB22-01 No. 14 | 342.6 | 880.3 | 2165 | 1850 | 0.2 | 0.2 |
KB22-01 No. 15 | 363.9 | 367.0 | 2005 | 1570 | 0.1 | 0.3 |
KB22-01 No. 16 | 407.8 | 410.9 | 3256 | 2690 | 0.4 | 0.7 |
KB22-01 No. 17 | 407.8 | 880.3 | 2957 | 2230 | 0.3 | 0.3 |
KB22-01 No. 18 | 441.0 | 444.1 | 2957 | 2270 | 0.3 | 0.3 |
KB22-01 No. 19 | 514.2 | 517.2 | 2939 | 2280 | 0.3 | 0.4 |
KB22-01 No. 20 | 593.4 | 596.5 | 2650 | 1930 | 0.2 | 0.2 |
KB22-01 No. 21 | 672.7 | 675.7 | 2834 | 1600 | 0.2 | 0.2 |
KB22-01 No. 22 | 745.8 | 748.9 | 3030 | 2090 | 0.3 | 0.4 |
KB22-01 No. 23 | 849.5 | 852.5 | 3225 | 2180 | 0.4 | 0.4 |
NA – Not Analysed
Table 3 –
Sample No. | Depth (m) | Specific Conductivity | Total Dissolved Solids | Lithium – Dissolved Concentration | Lithium – Total Concentration | |
From | To | (?S/cm) | (mg/L) | (mg/L) | (mg/L) | |
KB22-02 No. 1 | 365.2 | 368.2 | 1888 | 1227 | <0.1 | 0.1 |
KB22-02 No. 2 | 368.2 | 371.2 | 2009 | 1305 | 0.3 | 2.6 |
KB22-02 No. 3 | 377.3 | 380.4 | 1942 | 1262 | 0.2 | 1.2 |
KB22-02 No. 4 | 398.7 | 401.7 | 2049 | 1332 | 0.2 | 1.1 |
KB22-02 No. 5 | 407.8 | 410.9 | 2132 | 1386 | 0.2 | 1.0 |
KB22-02 No. 6 | 420.0 | 423.1 | 2176 | 1414 | 0.3 | 1.1 |
KB22-02 No. 7 | 453.5 | 456.6 | 2261 | 1470 | 0.3 | 1.2 |
KB22-02 No. 8 | 465.7 | 468.8 | 2321 | 1509 | 0.3 | 1.4 |
KB22-02 No. 9 | 481.0 | 484.0 | 2470 | 1605 | 0.3 | 2.4 |
KB22-02 No. 10 | 496.2 | 499.3 | 2665 | 1732 | 0.2 | 2.2 |
KB22-02 No. 11 | 517.6 | 520.6 | 3074 | 1998 | 0.4 | 5.3 |
KB22-02 No. 12 | 526.7 | 529.7 | 3200 | 2080 | 0.3 | 10.5 |
KB22-02 No. 13 | 548.0 | 551.1 | 3306 | 2149 | 0.3 | 27.0 |
KB22-02 No. 14 | 563.3 | 565.4 | 3384 | 2199 | 0.3 | 10.9 |
KB22-02 No. 15 | 612.0 | 615.1 | 3656 | 2377 | 0.4 | 0.6 |
KB22-02 No. 16 | 618.1 | 621.2 | 3618 | 2351 | 0.3 | 0.6 |
KB22-02 No. 17 | 627.3 | 630.3 | 3648 | 2371 | 0.4 | 0.6 |
KB22-02 No. 18 | 639.5 | 642.5 | 3238 | 2104 | 0.3 | 0.6 |
KB22-02 No. 19 | 642.5 | 645.6 | 3431 | 2230 | 0.4 | 0.6 |
KB22-02 No. 20 | 685.2 | 705.3 | 3063 | 1991 | 0.3 | 0.5 |
KB22-02 No. 21 | 685.2 | 688.2 | 3083 | 2004 | 0.3 | 0.5 |
KB22-02 No. 22 | 706.5 | 797.1 | 2866 | 1862 | 0.4 | 0.9 |
KB22-02 No. 23 | 709.6 | 712.6 | 3136 | 2039 | 0.4 | 0.5 |
KB22-02 No. 24 | 755.3 | 797.1 | 2847 | 1851 | 0.4 | < 0.1 |
KB22-02 No. 25 | 762.0 | 765.0 | NA | 26600 | 16.6 | 16.7 |
KB22-02 No. 26 | 762.0 | 765.0 | NA | NA | NA | 33.5 |
KB22-02 No. 27 | 817.5 | 835.1 | 2946 | 1915 | 0.6 | 0.5 |
KB22-02 No. 28 | 832.7 | 854.3 | 3007.5 | 1955 | 0.5 | 0.5 |
KB22-02 No. 29 | 854.7 | 915.6 | 2877.1 | 1881.7 | 0.6 | 0.6 |
NA – Not Analysed
About the Kibby Lithium Project
Kibby Basin is located within the Basin and RangeProvince in southern Nevada. It is a closed-basin that isfault-bounded on the East, North and South.
The Kibby potential deposit type is a continental,mineral-enriched brine aquifer within a hydrographically closed basin(endorheic basin). Continental brines are the primary source forlithium products worldwide. Bradley and others (2013) noted that“all producing lithium brine deposits share a number of first-ordercharacteristics: (1) arid climate; (2) closed basin containing a playaor salar; (3) tectonically driven subsidence; (4) associated igneousor geothermal activity; (5) suitable lithium source-rocks; (6) one ormore adequate aquifers; and (7) sufficient time to concentrate abrine.
Kibby Basin Lithium Claims Water Rights
Belmont holds legal water rights with the Monte Cristohydrologic basin where the Kibby Basin lithium property, is situated.Belmont is fully permitted by the state of Nevada to extract a maximum2,896 acre-feet (944 million gallons) annually of water for brineprocessing and production of lithium compounds,
a pre-requisite for the exploration and development oflithium brine projects in Nevada. Under State of Nevada law, water(including lithium brines) cannot be pumped from a subterranean sourcewithout valid water rights and permits.
Obtaining a water permit for the Kibby Basin lithiumproject was a major milestone for Belmont where, because of the desertconditions in the region, water is of major importance to anypotential mining operation. The Clayton Valley Basin for instance isover-appropriated (current water rights are in excess of water volumesavailable for an average year) and obtaining water rights for proposedoperations is a hurdle that several companies in the Clayton ValleyBasin have yet to overcome, even in their advanced stage ofdevelopment.
Cypress Development (TSV:CYP) recently paid $3,000,000for a water permit in Clayton Valley (Cypress NR) which allows forthe beneficial use of 1,770 acre/feet (577 million gallons) annuallyof water for mining, milling and domestic use.
About the Belmont/Marquee option/JV Agreement
In November 2021, Belmont announced an Option/JVagreement with Marquee Resources (ASX.MQR) for the Kibby Playa Block,one of five claim blocks 100% owned by Belmont Resources in the KibbyBasin.
The agreement terms are for Marquee to issue BelmontC$100,000 cash upon signing (completed); issue 3,000,000 Marqueeshares (1,000,000 issued); and incur C$2,500,000 in explorationexpenditures within 15 months of the signing of the Option Agreementin order to earn up to an 80% interest in the Kibby Playa block.
About Belmont Resources
Belmont Resources has assembled a portfolio of highlyprospective copper-gold-lithium & uranium projects located inBritish Columbia, Saskatchewan, Washington and Nevada States. Itsholdings include:
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Come By Chance (CBC): 2021geophysics delineated potential large copper-gold porphyry
2022 drilling suggest interception of peripheralof porphyry; planned 2023 drilling to targetporphyry core. -
Athelstan-Jackpot (AJ): 2 formergold mines with extensive mine dump material grading up to 1oz/t gold; 2023 plan to test gold extraction from dumpsusing “environmentally friendly” gold recovery system
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The Crackingstone Uranium: Review of exploration datashows good potential for “Rare Earth Elements – REEs“. 2023 plans to re-assay 2008 drill core forREE’s which was previously only assayed for uranium
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The Lone Star Copper-Gold: optioned to AustralianMarquee Resources ASX:MQR; MQR spending $2.5M in drilling and mustproduce PEA to earn 80% interest; MQR completed new resource in Dec.2022 now working on PEA
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The Kibby BasinLithium project located 60 kilometers north ofthe lithium rich Clayton Valley Basin.: Optioned 10% of property toAustralian Marquee Resources MQR; MQR spending $2.5M in drilling forpotential deep seated lithium brines, to earn 80%. MQR plans to continue drilling in 2023
NI 43-101 Disclosure:
The technical information in this news release has beenprepared in accordance with Canadian regulatory requirements as setout in National Instrument 43-101 and has been reviewed and approvedby Robert Cuffney, CPG.
ON BEHALF OF THE BOARD OF DIRECTORS
“George Sookochoff”
George Sookochoff, CEO/President
Neither the TSX Venture Exchange nor its RegulationServices Provider (as the term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this news release.
This Press Release may contain forward-lookingstatements that may involve a number of risks and uncertainties, basedon assumptions and judgments of management regarding future events orresults that may prove to be inaccurate as a result of exploration andother risk factors beyond its control. Actual events or resultscould differ materially from the Companies forward-looking statementsand expectations. These risks and uncertainties include, among otherthings, that we may not be able to obtain regulatory approval; that wemay not be able to raise funds required, that conditions to closingmay not be fulfilled and we may not be able to organize and carry outan exploration program in 2023, and other risks associated with beinga mineral exploration and development company. These forward-lookingstatements are made as of the date of this news release and, except asrequired by applicable laws, the Company assumes no obligation toupdate these forward-looking statements, or to update the reasons whyactual results differed from those projected in the forward-lookingstatements.
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