(TheNewswire)
VANCOUVER, British Columbia – TheNewswire - April 25 th , 2023 – Kiplin Metals Inc. (TSXV:KIP) (the “ Company ” or “ Kiplin ”) is pleased to announce that its contractor, Grander Exploration, will beapplying for the required exploration permitsfor the Company’s summer geophysical programat the Cluff Lake Road (CLR) uranium project in northwestern Saskatchewan.
The CLR property belonging tothe Company is encircled by F3 (“F3”) UraniumCorp.'s (formerly Fission 3.0) high-profile Paterson Lake North (PLN)project. F3 announced the discovery of the JR high-grade uranium zonein November 2022, with reported intersections (refer to F3 pressrelease dated Feb. 6, 2023) in drill hole PLN22-038, consisting of11.0 meters averaging 4.20 percent triuranium octoxide, including a4.5-meter interval averaging 9.8 percent U3O8, indicating theexistence of the newest basement-hosted uranium deposit in Athabasca,similar to Fission Uranium Corp.'s Triple R uranium deposit.
Kiplin’s summer program will encompass a minimumof 8 line-kilometres of Induced Polarization (IP) resistivitygeophysical surveying, running roughly in an east-west direction. TheSaskatchewan Ministry of Environment will be approached for thenecessary permits, and the Company will initiate engagement andconsultations with its indigenous partners and stakeholders, whichwill continue throughout the phases of permitting, exploration, andclosure. The Company will provide updates on the scheduling of itspermitting and work program as and when they are available.
Dr. Peter Born, PGeo, is the designated qualifiedperson as defined by National Instrument 43-101 and is responsible forand has approved the technical information contained in thisrelease.
About Kiplin Metals Inc.
Kiplin Metals Inc. is a mineralexploration company that aims to generate value for its shareholdersby identifying and pursuing highly promising mineral explorationprospects. Our approach is to advance our projects from discovery toproduction, employing a vertically integrated strategy that enables usto deliver exceptional shareholder value throughout the entire miningprocess life-cycle.
CluffLake Road Uranium Project. Kiplin Metals has the right to earn a one-hundredpercent interest in the Cluff Lake Road UraniumProject (the “CLR Project”). The CLR Project covers ~531ha in the southwestern Athabasca Basin in northern Saskatchewan, whereseveral new discoveries have been made, including the Arrow and TripleR Uranium deposits. The CLR Project is 5 km eastof the Cluff Lake Road (Hwy 955), which leads to the historic CluffLake Mine, which historically produced approximately 62,000,000 lbs ofyellowcake uranium.
For further information, contact the Company at info@kiplinmetals.com , or visit the Company’s website at www.kiplinmetals.com .
On behalf of the Board,
For further information, contact the Company at 604-622-1199.
On behalf of the Board ofDirectors,
“Peter Born”
Director
Neither the TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.
This news release may include forward-lookingstatements that are subject to risks and uncertainties. All statementswithin, other than statements of historical fact, are to be consideredforward looking. Although the Company believes the expectationsexpressed in such forward-looking statements are based on reasonableassumptions, such statements are not guarantees of future performanceand actual results or developments may differ materially from those inforward-looking statements. There can be no assurances that suchstatements will prove accurate and, therefore, readers are advised torely on their own evaluation of such uncertainties. We do not assumeany obligation to update any forward-looking statements except asrequired under the applicable laws.
CONTACT:
Alex Zertuche
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