(TheNewswire)
TheNewswire - February 23 rd , 2022 – Kiplin Metals Inc. (TSXV:KIP) (OTC:ALDVF) (the “ Company ” or “ Kiplin ”) announces that it has identifiedtwo high value exploration targets at the Cluff Lake Road Project, innorthwestern Saskatchewan. The primary target (CLR1) is characterizedas having the highest radon gas emissions in the 2017 survey and whichcorrelates with a strong, north-south trending subsurface conductor(C1) which has a strike of ~3.5km. Radon gas anomalies at CLR1 havebeen interpreted exist within a northeast trending cross fault whichintersects the conductor, roughly in the center of the project area.Radon gas, a decay product of uranium, is a significant explorationmarker. The secondary target (CLR2) is located at the north end of theproject area. Similarly, CLR2 is characterized by highly anomalousradon gas emissions coincident with the C1 conductor.
The 2022 IP/DC-Resistivity survey to be conducted bythe Company will focus on the two targets zones. Survey lines havebeen designed to maximize depth penetration and accuracy, with theintention of guiding diamond drilling.
The Company is very excited about the CLR project,particularly given the success at the Shea Creek deposit, which islocated ~29km to the north, along the Cluff Lake Road, and which hasan indicated mineral resource of 67.66 million pounds of uranium(2,067,900 tonnes grading 1.48% U3O8) and an inferred mineral resourceof 28.19 million pounds of U3O8 (1,272,200 tonnes grading 1.01% U3O8)(Technical Report by Eriks P. Geo. 2013).
The Company will provide updates on the timing of itsexploration plans as they become available.
Dr. Peter Born, P.Geo., is the designated qualifiedperson as defined by National Instrument 43-101 and is responsiblefor, and has approved, the technical information contained in thisrelease.
About Kiplin Metals Inc.
Kiplin Metals Inc. is a mineral exploration company. We create value for ourshareholders by identifying and developing highly prospective mineralexploration opportunities. Our strategy is to advance our projectsfrom discovery all the way to production. This vertically integratedstrategy allows Kiplin Metals to achieve exceptional shareholder valuethrough the entire life-cycle of the mining process.
Cluff Lake Road UraniumProject. Kiplin Metals has the right to earn a one-hundred percent interest in the Cluff LakeRoad Uranium Project (the “CLR Project”). The CLR Project covers~531ha in the southwestern Athabasca Basin in northern Saskatchewan,where several new discoveries, including the Arrow and Tripe R Uraniumdeposits have been made. The CLR Project is 5km east of the Cluff LakeRoad (Hwy 955), which leads to the historic Cluff Lake Mine, whichhistorically produced approximately 62,000,000lbs of yellowcakeuranium.
Exxeter Gold Project covers an area of 715ha located in Val d’Or Quebec, one ofthe premier gold camps in the world which produced over 113.4M oz Auby the end of 2019. The project covers 3.8km of the Cadillac Tectoniczone, which is the principal geologic structure responsible for coldmineralization in the Val d’Or.
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,
Kiplin Metals Inc.
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.
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