(TheNewswire)
April 17 th ,2023 – Kiplin Metals Inc. (TSXV:KIP) (the“ Company ” or “ Kiplin ”) has appointed GranderExploration to carry out the upcoming phase of exploration at theCluff Lake Road (“CLR”) uranium project. The project is located innorthwestern Saskatchewan and is surrounded by F3 Uranium Corp.'s(formerly Fission 3.0) (“F3”) highly acclaimed Patterson LakeNorth (PLN) project.
The western boundary of the Company’s CLR property is shared withF3's adjacent "North Conductor Complex", which trendsSouth-Southeast and extends onto the CLR property. Previous ownerFission Uranium Corp. ("FISSION") and F3 have conductedmultiple geophysical surveys, including (VTEM - helicopter-borneversatile time domain Electromagnetic), TEM (HT SQUID and Coilmoving-loop TEM), and DC Resistivity, that overlapped the westernflank of the CLR property. Grander Exploration and Company personnelare evaluating the most effective type of geophysical surveys toundertake on the CLR property. These surveys will correlate withF3’s previous surveys and will better define and extend the NorthConductor Complex on the CLR property. To date, F3 has completed theonly one drill hole (PLN22-29) in the area (Press Release November 28,2022).
Following F3’s recent (November 2022) discovery of the high-grade JR Uranium Zone (located15 kilometres South-southwest of the CLR property), the Companyconsiders the similarities of the North Conductor Complex on the CLRproperty as a top exploration priority. F3's North Conductor Complexconsists of three parallel conductors that span a width of onekilometre. The Company believes that all three North Conductorsidentified by F3 may continue and extend onto the Company’s CLRproperty. Additionally, the Company has defined both parallel andcross-cutting magnetic lineaments on their CLR property.
The promising geology, alteration, and mineralization observed in thesingle drill hole (PLN22-029) in the area, along with the presence ofmultiple EM conductors and magnetic lineaments on the CLR property,make it highly prospective for the discovery of a uranium deposithosted in the basement. The Company will provide updates on its workplans as soon as they become available.
The Company cautions the discoveriesand observations on properties in proximity to the Company'sproperties are not necessarily indicative of the presence of similarmineralization or geology on the Company's properties.
Dr. Peter Born, PGeo, is the designated qualifiedperson as defined by National Instrument 43-101 and is responsible forand has approved the technical information contained in thisrelease.
About Kiplin Metals Inc.
Kiplin Metals Inc . is amineral exploration company that creates value for its shareholders byidentifying and developing highly prospective mineral explorationopportunities. The company's vertically integrated strategy aims toadvance projects from discovery to production, providing exceptionalshareholder value throughout the entire mining process.
One of the projects in Kiplin Metals' portfolio is the Cluff Lake RoadUranium Project, in which the company has the right to earn aone-hundred percent interest. The CLR Project covers an approximatearea of 531 hectares in the southwestern Athabasca Basin of northernSaskatchewan. This area has seen several new discoveries, includingthe Arrow and Triple R Uranium deposits. The CLR Project is located 5km east of the Cluff Lake Road (Hwy 955), which leads to the historicCluff Lake Mine. This mine has a production history of approximately62,000,000 lbs of yellowcake uranium.
For additional information, interested parties may contact the Companyat info@kiplinmetals.com or visit its 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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