(TheNewswire)
Vancouver, BC. - TheNewswire - April 22, 2021- CMC Metals Ltd. (“CMC”or the “Company”) (TSXV:CMB) (OTC:CMCXF) (FSE:ZM5N) is pleased to announcethe addition Micon International Limited (“Micon”) as a technicaladvisory group with its 2021 drilling program at its flagship SilverHart Project in Yukon.
In Phase I of the proposed work program, Micon willwork with CMC’s geological and geophysical consultants to conduct arange of activities with the deliverable including:
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- Providing a drill program for the prioritized targets at Silver Hart;
- Confirm and prioritize existing and /or new targets with the greatest potential to yield mineralresources;
- Highlight gaps in the exploration programs and/orinterpretations/resource model and create plans to resolve thesegaps;
- Provide protocols for future resource estimates inaccordance with CIM (2019) standards;
- Recommend other areas/targets with potential to addto the resources/reserves through additional exploration; and,
- Recommend appropriate metallurgical test-work tosupport mineral resources estimation and future economicstudies.
This deliverable is to be completed in mid to late Juneand is a critical part of the initial exploration phase at Silver Hart where the Company is planning to complete 5,000meters of drilling and a variety of advanced exploration efforts.
Kevin Brewer, P.Geo. President and CEO of CMC noted“CMC is very pleased to have the Micon team to plan and guide ourdrilling efforts at Silver Hart. We see this as the start of a longterm relationship with Micon where we will work together to design andimplement highly effective drill programs and deliver future resourceestimations of resources at Silver Hart and our other high gradesilver-lead-zinc projects in British Columbia. Having a highlyreputable, experienced and sophisticated group of seasoned experts incritical areas of expertise is a major building block to our growthstrategy that is focused on increasing silver equivalent resources atall of our projects in the foreseeable future.”
Micon is an independent employee-owned firm of seniorgeological, mining, metallurgical and environmental consultantsheadquartered in Toronto, Canada with offices in Vancouver and theUnited Kingdom. The professionals at Micon have extensiveinternational experience in the mining industry with both miningcompanies and leading consultancy firms. Micon provides teams ofgeologists, metallurgists and environmental and social consultants whocombine skills in economic geology, mine and process plant design,mineral economics, environmental and social management, minerals andmetal production, and project management. The firm is well qualifiedand recognized for its ability to carry out consulting assignmentsaround the world. Specific consulting services include estimation ofmineral resources and mineral reserves, valuation and evaluation ofmineral properties, preparation of Technical Reports under CanadaNational Instrument 43-101 and Competent Person/JORC reports,feasibility studies, mineral market analysis, comparativebenchmarking, technical due diligence, litigation support and servicesas an Independent Engineer/Independent Technical Advisor.
About CMC MetalsLtd.
CMC Metals Ltd. is a growth stage exploration companyfocused on opportunities for silver in Yukon and British Columbia andpolymetallic deposits in Yukon and Newfoundland. Our silver-lead-zincprospects include the Silver Hart Deposit and Blue Heaven claims (the“Silver Hart Project”) and the recently acquired Rancheria South,Amy and Silverknife claims (the “Rancheria South Project”). Ourpolymetallic projects with potential for copper-silver-gold and othermetals include Logjam (Yukon), Bridal Veil and Terra Nova (both inNewfoundland).
Qualified Person
Kevin Brewer, a registered professional geoscientist inBC and Yukon, is the Company’s President and CEO, and QualifiedPerson (as defined by National Instrument 43-101). He has approved thetechnical information reported herein. The Company is committed tomeeting the highest standards of integrity, transparency andconsistency in reporting technical content, including geologicalreporting, geophysical investigations, environmental and baselinestudies, engineering studies, metallurgical testing, assaying and allother technical data.
On behalf of the Board:
John Bossio, Chairman
CMC METALS LTD.
For further information concerning the CMC Metals Ltd.,or its exploration projects, please contact:
Investor Inquiries: Kevin Brewer, P. Geo.
President, CEO and Director Tel: (604) 605-0166 kbrewer80@hotmail.com
To be added to CMC's news distribution list, pleasesend an email to info@cmcmetals.ca or contact Mr. Kevin Brewer at604-605-0166.
Neither the TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
“This news release may contain certain statementsthat constitute “forward-looking information” within the meaningof applicable securities law, including without limitation, statementsthat address the timing and content of upcoming work programs,geological interpretations, receipt of property titles andexploitation activities and developments. In this release disclosureregarding the potential to undertake future exploration work compriseforward looking statements. Forward-looking statements address futureevents and conditions and are necessarily based upon a number ofestimates and assumptions. While such estimates and assumptions areconsidered reasonable by the management of the Company, they areinherently subject to significant business, economic, competitive andregulatory uncertainties and risks, including the ability of theCompany to raise the funds necessary to fund its projects, to carryout the work and, accordingly, may not occur as described herein or atall. Actual results may differ materially from those currentlyanticipated in such statements. Factors that could cause actualresults to differ materially from those in forward looking statementsinclude market prices, exploitation and exploration successes, thetiming and receipt of government and regulatory approvals, the impactof the constantly evolving COVID-19 pandemic crisis and continuedavailability of capital and financing and general economic, market orbusiness conditions. Readers are referred to the Company’s filingswith the Canadian securities regulators for information on these andother risk factors, available at www.sedar.com . Investors are cautioned that forward-looking statements arenot guarantees of future performance or events and, accordingly arecautioned not to put undue reliance on forward-looking statements dueto the inherent uncertainty of such statements. The forward-lookingstatements included in this news release aremade as of the date hereof and the Company disclaims any intention orobligation to update or revise any forward-looking statements, whetheras a result of new information, future events or otherwise, except asexpressly required by applicable securities legislation.”
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