(TheNewswire)
Vancouver, British Columbia – TheNewswire - October 18 th , 2021 – Kiplin Metals Inc. (the “Company”)(TSXV:KIP ) ( Frankfurt:17G1) is pleased to announcethe completion of phase one exploration at the Company’s whollyowned Exxeter Gold Project, located in Val D’Or, Quebec. A total of249 soil samples were taken at the C-Horizon with Shawdrills . The samples were taken in thesoutheastern extent of the claims, at the T1 Target Zone, whereprevious soil sampling produced encouraging gold values and multipleIP anomalies have been identified. The T1 target is associated withthe east-west trending Cadillac fault, which is the primary control ofgold mineralization in the Val D’Or mining camp. In addition, a newrock outcrop was discovered, in the T1 Target Zone, and is interpretedto be along strike with previously identified IP anomalies, butoutside the historic IP survey area. Rock in the outcrop was weaklyveined but highly silicified with traces of pyrite and appears to bein a contact zone between metasediments and metavolcanics with highstrain. Ten chip samples were collected across the outcrop. Allsamples were delivered to ALS labs in Val-d’Or, Quebec and resultsare expected in the near term.
The Company is very pleased with the production of thework program. Results from this program will be integrated into theproject database with the intention of defining diamond drillingtargets.
Peter Born P.Geo., is the designated Qualified Personas defined by National Instrument 43-101 and is responsible for, andhas approved, the technical information contained in thisrelease.
About Kiplin Metals
Kiplin Metals is an early-stage exploration and development miningcompany. The Company’s management understands that the greatestvalue creation for shareholders is through the discovery, anddevelopment of mineral resources, therefore the company focuses onproject that can provide such impact. Kiplin Metals has the rightsto two highly perspective minerals exploration assets in Canada, aregion in the world known for its resources, collaborative regulatorystructure and stable economic and political environment.
The Exxeter Gold Project covers an area of 715ha located in Val d’OrQuebec, one of the premier gold camps in the world which produced over113.4M oz Au by the end of 2019. The project covers 3.8km of theCadillac Tectonic zone, which is the principal geologic structureresponsible for cold mineralization in the Val d’Or.
The Lac Rochester Copper Project is located on the eastern border ofthe Val d’Or mining camp, 50km southeast of the city of Val D’Or,and 14km south of the Company’s flagship property, the Exxeter GoldProject. Past exploration of the Lac Rochester Copper Project hasidentified multiple high copper and iron values, concurrent with alarge, northeast trending magnetic anomaly.
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 performance and actual results or developments maydiffer materially from those in forward-looking statements. There canbe no assurances that such statements will prove accurate and,therefore, readers are advised to rely on their own evaluation of suchuncertainties. We do not assume any obligation to update anyforward-looking statements except as required under the applicablelaws.
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