(TheNewswire)
June 29 th , 2022 – TheNewswire - Kiplin Metals Inc. (TSXV:KIP) (the “ Company ” or “ Kiplin ”) announces that the Company has applied for therequisite exploration permits for its Summer geophysical program atthe Cluff Lake Road (CLR) Uranium Project in northwesternSaskatchewan. Approval for the proposed IP (Induced Polarization)program is expected in the near term. Data from the survey will beintegrated with legacy datasets to develop targets for diamonddrilling.
The survey is to consist of up to 40-line kilometers,in a roughly east west direction, and will be integrated with datafrom previous surveys. The purpose of the survey is to define drilltargets which are prioritized by radon gas soil anomalies, identifiedwithin interpreted faults. The Company is applying for the requisitepermits and expects to be drilling within the next 60 days.
The Company has engaged Grander Exploration to managethe program. The Company will provide updateson the timing of its work program as they become available.
Dr. Peter Born, P.Geo., is the designated qualifiedperson as defined by NationalInstrument 43-101 and is responsible for, andhas 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 theCompany’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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