(TheNewswire)
February 9 th , 2022 – The NewsWire - Kiplin Metals Inc. (TSXV:KIP) (the“ Company ” or “ Kiplin ”) is pleased toannounce the exploration plan for its wholly-owned Cluff Lake Road(CLR) Uranium Project in northeast Saskatchewan. The Company intendsto complete a detailed IP/DC-Resistivity survey of high prioritytarget zones, identified through ground geophysics and radon gasemission testing. The survey will be conducted in an east-westorientation, with 100m spacing. Data from the 2022 survey will becombined with datasets from previous surveys completed jointly byFission 3.0 Corp. and Zadar Ventures. The purpose of the 2022 surveyis to define high value diamond drilling targets.
The Company is very excited about the CLR project,particularly given the success at the Shea Creek deposit, which islocated ~29km to the north, along the Cluff Lake Road, and has anindicated mineral resource of 67.66 million pounds of uranium(2,067,900 tonnes grading 1.48% U3O8) and an inferred mineral resourceof 28.19 million pounds of U3O8 (1,272,200 tonnes grading 1.01% U3O8)(Technical Report by Eriks P. Geo. 2013).
The Company will provide updates on the timing of itsexploration plans as they come available.
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 in the southwestern Athabasca Basin in northern Saskatchewan,where several new discoveries, including the Arrow and Tripe R Uraniumdeposits have been made. The CLR Project is 5km east of the Cluff LakeRoad (Hwy 955), which leads to the historic Cluff Lake Mine, whichhistorically produced approximately 62,000,000lbs of yellowcakeuranium.
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.
The Lac Rochester CopperProject is located on the eastern border of the Val d’Ormining camp, 50km southeast of the city of Val D’Or, and 14km southof the Company’s Exxeter Gold property. Historical exploration ofthe Lac Rochester Copper Project identified multiple high copper andiron values, concurrent with a large, northeast trending magneticanomaly.
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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