(TheNewswire)
March 23 rd , 2022 - TheNewswire - Kiplin Metals Inc. (TSXV:KIP) (OTC: ALDVF) (the “ Company ” or “ Kiplin ”) announces that its board of directors has commenced astrategic review of several uranium projects near the Company’s CLRUranium Project with the plan to expand the Company’s portfolio. The Company has engaged Grander Exploration to assist in theassessment and acquisition of prospective uranium projects.
Gil Schneider, Chief Executive Officer of the Companycommented; “based on the encouraging initial results on theCompany’s CLR Uranium Project, the Company is excited to assessother highly prospective uranium projects in Athabasca, Saskatchewan,that the board feels would enhance the Company’s project portfolio. The board of directors feels the timing is ideal for expansion asthe price of uranium is rising and projections are for significantgrowth in demand for the coming decade. It seems the world is wakingup to the idea that nuclear power is the best solution to meet theworld’s clean energy needs.”
The Company will provide updates on the timing of itsexpansion 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 explorationcompany. We create value for our shareholders by identifying anddeveloping highly prospective mineral exploration opportunities. Ourstrategy is to advance our projects from discovery all the way toproduction. This vertically integrated strategy allows Kiplin Metalsto achieve exceptional shareholder value through the entire life-cycleof 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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