(TheNewswire)
March 21, 2023 - TheNewswire - Kiplin MetalsInc. (TSX-V:KIP) (the “ Company ” or “ Kiplin ”) to build 2023 work program with afocus on recent results announced by F3 Uranium Corp. (“ F3 ”) on theirPatterson Lake North (“ PLN ”) Project, immediately adjacent to theCompany’s Cluff Lake Road (“ CLR ”) UraniumProject, located in northwestern Saskatchewan.
The CLR Project covers ~531 hectares in thesouthwestern Athabasca Basin in northern Saskatchewan, where severalnew discoveries, including the Arrow and Tripe R Uranium deposits havebeen made.
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On February 2nd, 2023 F3reported a new high-grade uranium discovery in hole PLN22-038. Thedrill hole targeted up dip from hole PLS22-035 and returned an 11.0 minterval averaging 4.20% U3O8 including a high-grade 4.5 m intervalaveraging 9.8% U3O8, which further includes the ultra-high-grade corewhich assayed 22.9% over 1.5 m.
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On November 21st and 30th, 2022 F3 reported a newhigh-grade uranium discovery in hole PLN22-035 on the PLN Project onthe A1 conductor (ground (“EM”) electro-magnetic survey), whichintersected 3.48 metres of total composite mineralization with greaterthan 10,000 counts per second, including 2.5 metres of total off-scaleradioactivity (greater than 65,535 counts per second), occurring aspitchblende patches. Drill hole PLN22-035 is located approximately 15kilometres South-Southwest of the Company’s CLR Project.
The new uranium discovery by F3 related to theNorth-Northwest A-1 ground EM conductor is very encouraging, and theNorth Conductor Complex also identified by F3, with a similar strikeand which trends onto the CLR Project, represents a high prioritydrill target for the Company in 2023.
The Company is the beneficiary of 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. Readers are cautioned that the presence of mineralizationin areas adjacent to those held by the Company is not necessarilyindicative of mineralization that may existing on property held by theCompany.
Dr. Peter Born, P.Geo., is the designated qualifiedperson as defined by National Instrument 43-101 and is responsiblefor, and has 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 northern Saskatchewan, whereseveral new discoveries, including the Arrow and Tripe R Uraniumdeposits have been made. The CLR Project is 5 kmeast of the Cluff Lake Road (Hwy 955), which leads to the historicCluff Lake Mine, which historically produced approximately 62,000,000lbs of yellowcake uranium.
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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