(TheNewswire)
VANCOUVER, BRITISH COLUMBIA - TheNewswire - July 18, 2023, Four Nines Gold Inc.( “ FourNines ” or the “ Company”) (CSE:FNAU ) ( OTC:FNAUF) is pleased to announce the completion and filing of its43-101 Technical Report for its flagship Hayden Hill gold project. Thereport presents a comprehensive analysis of previous mining andexploration and the project’s overall potential. This will providevaluable information for shareholders, investors, and stakeholders andcan be accessed and downloaded through a link at www.fourninegold.ca
The 43-101 Technical Report represents a significantmilestone for Four Nines Gold as it demonstrates the company'scommitment to transparency, sound geological practices, and theadvancement of its exploration activities. The report has beenprepared in accordance with the guidelines set out in the CanadianSecurities Administrators' National Instrument 43-101 Standards ofDisclosure for Mineral Projects.
Key highlights from the report include :
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Geological Evaluation: The 43-101 Technical Reportincorporates a thorough geological evaluation, utilizing advancedexploration techniques, including on historical drilling programs anddata analysis. This evaluation enhances the understanding of theproject's geology and validates the presence of goldmineralization.
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Environmental Considerations: Four Nines Gold remainscommitted to responsible mining practices and environmentalstewardship. The 43-101 Technical Report includes an assessment of theproject’s environmental impact, highlighting the company'scommitment to mitigating potential risks and minimizing its ecologicalfootprint.
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Roadmap: The 43-101 provides recommendations for futureexploration work based on the findings and potential of theproject.
The Hayden Hill Technical has been authored by Dr.Steve Weiss, an Independent Qualified Person. Dr Weis has graduatedwith Bachelor, Master and Doctorate degrees of Science in Geology. He is a Certified Professional Geologist(#10829) with the American Institute of Professional Geologists andhas worked as a geologist in the mining industry and in academia formore than 40 years.
Dr. Weiss has stated in the Technical I Report that “ itis the author’s opinion that Hayden Hill is a high-quality,exploration property of merit that warrants a comprehensiveexploration program.“
Field Program Initiated
Four Nines Gold has initiated, in late June 2023, thesystematic surface mapping and sampling tasks of the Phase 1Exploration Program, as recommended by Dr. Weiss.
The primary goals of this field are to :
1. Verify mineralizing features described inthe historical data,
2. Identify additional mineralizing featuresnot previously described,
3. Characterize more precisely certain ofthe mineralizing features and to,
4. Utilize the field findings to finalizethe details of a future exploration drill program.
"We are thrilled to announce the completion andfiling of our 43-101 Technical Report, which serves as a comprehensiveand independent evaluation of our flagship Hayden Hill goldproject," said David Flint, VP of Exploration of Four Nines Gold."The report reaffirms the significant potential of our goldproject, and we believe it will be instrumentalin attracting strategic partners, investors, and financing to advanceour operations as the Company’s geological team has initiatedprograms to finalize drill targets."
The filing of the 43-101 Technical Report represents akey step forward for Four Nines Gold, demonstrating the company'sdedication to transparency and best practices in mineral resourcereporting. The report will be available for review on the company'swebsite and filed on SEDAR.
David Flint, MSc, AIPG, CPG, a qualified person asdefined in NI 43-101 and a director of the company, has reviewed andapproved the technical information in this press release.
About Four Nines Gold Inc.
Four Nines Gold Inc. has the right to acquire 100% ofthe Hayden Hill Mine from a Kinross Gold USA Inc subsidiary. TheCompany is exploring and developing a project in mining-friendlyNorthern California. Hayden Hill is a former producing mine with99,862.42 meters of drilling in 742 holes and no systematic propertyexploration since the mine closed in 1997. Four Nines Gold Inc.continues to hold an option to acquire 100% interest in the Bonnevillegold-silver-copper project in central Quebec. For more information,please get in touch with the Company at info@fourninesgold.ca or visit ourwebsite at www.fourninesgold.ca for project updates and related backgroundinformation.
ON BEHALF OF THE BOARD OF DIRECTORS
FOUR NINES GOLD INC.
Charles Ross
President
1000 - 409 Granville Street
Vancouver, BC, V6C 1T2
Tel: 604.602.0001
Forward-looking statements
This press release contains forward-looking statementsand forward-looking information within the meaning of Canadiansecurities laws (collectively, “forward-looking statements”).Statements and information that are not historical facts areforward-looking statements. Forward-looking statements are frequently,but not always, identified by words such as “expects”,“anticipates”, “believes”, “intends”, “estimates”,“potential”, “possible” and similar expressions or statementsthat events, conditions or results “will”, “may”, “could”or “should” occur or be achieved. Forward-looking statements andthe assumptions made in respect thereof involve known and unknownrisks, uncertainties, and other factors beyond the Company’scontrol. Forward-looking statements in this press release includestatements regarding beliefs, plans, expectations, or intentions ofthe Company. Mineral exploration is highly speculative andcharacterized by several significant risks, which even a combinationof careful evaluation, experience and knowledge may not eliminate.Forward-looking statements in this press release are made as of thedate herein. Although the Company believes that the assumptions andfactors used in preparing the forward-looking statements in this pressrelease are reasonable, undue reliance should not be placed on suchstatements. The Company undertakes no obligation to update publicly orotherwise revise any forward-looking statements, whether as a resultof new information or future events or otherwise, except as may berequired by law.
Neither the Canadian SecuritiesExchange nor its regulation services provider accepts responsibilityfor the adequacy or accuracy of this news release.
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