(TheNewswire)
October 4 th ,2022 – TheNewswire- Kiplin Metals Inc. (TSXV:KIP) (the “ Company ” or“ Kiplin ”) announces completion of itsexploration program on the Company’s Cluff Lake Road (CLR) UraniumProject in northwestern Saskatchewan. The CLR Project covers ~531ha inthe southwestern Athabasca Basin in northern Saskatchewan, whereseveral new discoveries, including the Arrow and Tripe R Uraniumdeposits have been made. The CLR Project is completely surrounded byFission 3.0 Corp.’s high profile Paterson Lake North (“PLN”)Project.
The exploration program was conducted by a team fromExploration Facilitation Unlimited Inc., based at Big Bear Lodge,Saskatchewan, located approximately 17 kilometres south-southwest ofthe Project. Activities included:
-
25 line-kilometres of magnetic geophysical survey onlines spaced 100 metres apart, oriented in an E-W direction, to test aN-S trending VTEM conductor that transects the length of theProject.
-
Approximately 15 line-kilometres of magnetic geophysicswas completed on infill 50 metre lines in areas of known conductorsand/or radon gas anomalies.
-
In 2017 a previous explorer completed an Alpha Track radon gas sensors survey over most of the currentCLR Project with several anomalies indicated. The Company’s recentexploration program comprised prospecting with ahandheld spectrometer over the radon gas anomalies and conductivezones, resulting in over 100 radioactive boulders uncovered, withvalues up to 500 counts per second.
-
The western boundary of the CLR Project is flanked byFission 3.0 Corp.’s “N Conductor Complex”, an active explorationtarget with one drilled in 2022, and additional worked planned byFission in the winter 2023.
The Company has the right to earn a 100% interest inthe CLR Project and controls all exploration and development of theProject. The recently completed explorationprogram will assist in defining drill targets. The Company is applyingfor the requisite permits and expects to be drilling when permits arereceived.
Peter Born, Director of Kiplin, commented “we arevery pleased with the team at Exploration Facilitation Unlimited, andare confident this program will confirm the locations for what webelieve are highly prospective targets.”
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 inthe southwestern Athabasca Basin in northernSaskatchewan, where several new discoveries, including the Arrow andTripe R Uranium deposits have been made. The CLRProject is 5 km east of the Cluff Lake Road (Hwy 955), which leads tothe historic Cluff Lake Mine, which historically producedapproximately 62,000,000lbs of yellowcake uranium.
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.
Copyright (c) 2022 TheNewswire - All rights reserved.