(TheNewswire)
November 20 th , 2023 – TheNewswire - Kiplin MetalsInc. (the “ Company ”or “ Kiplin ”)(TSXV:KIP ) ( FWB:17G1)announces the receipt of an exploration permit for its Cluff Lake RoadUranium project, situated on the western periphery of the AthabascaBasin. This development marks an important step forward in theCompany’s exploration endeavors in the promising uranium-richregion.
The exploration program is set to commence with a 4km inducedpolarization (IP) ground geophysical survey, aimed at mappingsubsurface conductive anomalies within the Cluff Lake Uranium projectarea. These anomalies, identified at depths ranging between 200-300meters and spanning several kilometers, are interpreted as substantialalteration zones residing within the Athabasca sandstone. These zonesbear the potential to host significant uranium mineralization. Thedata gleaned from this comprehensive survey will be seamlesslyintegrated into the project's database, facilitating the delineationof prime targets for upcoming diamond drilling initiatives.
In the backdrop of an evolving global uranium market, characterized byincreasing demand for clean and sustainable energy sources, the timingof this exploration permit aligns strategically with the risingsignificance of uranium as a key component in the energy landscape.Market projections continue to underscore the pivotal role of uraniumin fulfilling clean energy requirements, highlighting its essentialrole in the transition towards a low-carbon future.
“We are immensely appreciative to have received the explorationpermit for our Cluff Lake Uranium project,” remarked Peter Born,Director at Kiplin. “This permit represents a key step in ourpursuit of unlocking the potential of this promising site. We areeager to embark on the planned exploration activities and furtheradvance our understanding of the project's resource potential.”
About Kiplin Metals Inc.
Kiplin Metals Inc. is a mineral exploration company. We create valuefor our shareholders by identifying and developing highly prospectivemineral exploration opportunities. Our strategy is to advance ourprojects from discovery to production, allowing Kiplin to achieveexceptional shareholder value through the entire life-cycle of mining.
CluffLake Road Uranium Project. Kiplin h as theright to earn a one-hundred percent interest in the Cluff Lake RoadUranium Project (the “CLR Project”). The CLR Project covers ~531ha in the southwestern Athabasca Basin in northern Saskatchewan, whereseveral new discoveries have been made, including the Arrow and TripleR Uranium deposits. The CLR Project is 5 km east of the Cluff LakeRoad (Hwy 955), which leads to the historic Cluff Lake Mine, whichhistorically produced approximately 62,000,000 lbs of yellowcakeuranium.
Lloyd Lake Uranium Project. The Lloyd Lake Uranium Project spans 6,177 hectares and is situated 27kilometers south of the southern boundary of the Athabasca Basin. Theproject has undergone extensive exploration programs, most notably in2022, with investigations including sediment sampling, airbornemagnetics, and ground IP surveys. The key exploration zone is an 8kilometer corridor characterized by a magnetic low which aligns with astructural break, a locale where anomalous radioactivity has beendetected. Access to the project is optimal, facilitated by aprovincial highway and well-maintained roads and trails.
For further information, contact the Company at info@kiplinmetals.com or 613-715-2020 or visit the Company’s website at www.kiplinmetals.com .
On behalf of the Board,
“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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