(TheNewswire)
Vancouver, British Columbia – TheNewswire - May 9th, 2023 - Kiplin Metals Inc. (TSXV:KIP) ("Kiplin" or the "Company") isdelighted to announce the upcoming launch of its summer geophysicalprogram at the Cluff Lake Road (CLR) uraniumproject situated in northwestern Saskatchewan, scheduledfor June 2023. The Company's geological team is set to receive thenecessary permit by the end of May and aims to mobilize on-site byJune.
The CLR property lies in aregion with strong prospects for uranium deposits. Kiplin's summer program will include at least 8line-kilometres of Induced Polarization (IP) resistivity geophysicalsurveying, running approximately in an east-west orientation. Theprogram's objective is to generate fresh targets for subsequentdrilling and to better delineate the uranium mineralization at the CLR project .
"We are excited to start our exploration program on the CLRuranium project," said Peter Born, Director of Kiplin . "The region has shown great potentialfor uranium deposits, and we believe that our summer program willidentify new targets for follow-up drilling, adding value for ourshareholders."
The Company's CLR property is surrounded by F3 Uranium Corp.'s prominent Paterson Lake North(PLN) project, which recently revealed the discovery of the JRhigh-grade uranium zone in November 2022. F3 announced intersectionsin drill hole PLN22-038, comprising 11.0 meters averaging 4.20 percenttriuranium octoxide, including a 4.5-meter interval averaging 9.8percent U3O8. This indicates the presence of the latestbasement-hosted uranium deposit in Athabasca, akin to Fission UraniumCorp.'s Triple R uranium deposit.
Kiplin will conduct its exploration activitiesadhering to the highest environmental management standards andmaintain close cooperation with local stakeholders, includingindigenous communities. The Company will initiate dialogue andconsultations with indigenous partners and stakeholders, continuingthroughout the permitting, exploration, and closure stages.
The Company will provide updates on the scheduling of its permittingand work program as and when they are available. The Company advisesthat discoveries and observations on nearby properties do notnecessarily imply the existence of similar mineralization orgeological features on the Company's properties.
The Company will release updates regarding its permitting and workprogram schedules as information becomes available. Kiplin emphasizes that findings and observationson neighbouring properties do not necessarily indicate the presence ofcomparable mineralization or geological characteristics on theCompany's properties.
Dr. Peter Born, PGeo, is the designated qualified person as defined byNational Instrument 43-101 and is responsible for and has approved thetechnical information contained in this release.
About Kiplin Metals Inc.
Kiplin Metals Inc. is a mineralexploration company that aims to generate value for its shareholdersby identifying and pursuing highly prospective mineral explorationopportunities. Our strategy involves advancing projects from discoveryto production through a vertically integrated approach, ensuringexceptional shareholder value is delivered across the entire miningprocess life-cycle.
CluffLake Road Uranium Project. Kiplin Metals has the right to earn a one-hundredpercent interest in the Cluff Lake Road UraniumProject (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 eastof the Cluff Lake Road (Hwy 955), which leads to the historic CluffLake Mine, which historically produced approximately 62,000,000 lbs ofyellowcake uranium.
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,
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.
CONTACT:
Alex Zertuche
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