(TheNewswire)
November 22 nd , 2022 – TheNewswire - Kiplin MetalsInc. (TSXV:KIP) (the “ Company ” or“ Kiplin ”) provides update on additionalexploration activities completed on the Company’s Cluff Lake Road(CLR Project) Uranium Project in northwesternSaskatchewan. The CLR Project covers ~531 hectares in the southwesternAthabasca Basin in northern Saskatchewan, where several newdiscoveries, including the Arrow and Tripe R Uranium deposits havebeen made. The CLR Project is completely surrounded by Fission 3.0Corp’s high profile Paterson Lake North (PLN) Project.
As reported previously (October 5, 2022) a team fromExploration Facilitation Unlimited Inc., completed 25 line-kilometresof magnetic geophysical survey on lines spaced 100 metres apart, and15 line-kilometres of detailed magnetic geophysics, completed oninfill 50 metre lines in areas of known conductors and/or radon gasanomalies. The Alpha Track radon gas sensors survey previouslycompleted at the Cluff Lake Project in 2017 outlined severalanomalies.
The northern portion of the CLR Project is extensivelycovered by overburden, with numerous small lakes and ponds. TheCompany contractors focused on prospecting low hills and ridges with aspectrometer, to detect anomalous radioactivity, measured as countsper second (cps). Background radioactivity readings with a handheldRadiation Solutions RS-125 Super-SPEC gamma-ray spectrometer are inthe 20- 50 cps (*) range. Over 100 anomalous boulders in the 100-500cps range were detected on the northern half of the project. Thenorthern most anomalous (elevated radioactivity) boulder train isflanked by lakes on both sides, and correlates with a previous definedelectromagnetic (EM) conductor, and a elevated radon gas anomaly.
(*) Natural gamma radiation inoutcrop locations reported in this news release was measured in countsper second using a handheld Radiation Solutions RS-125 Super-SPECgamma-ray spectrometer. The reader is cautioned that spectrometerreadings are not directly or uniformly related to uranium grades ofthe rock sample measured and should be used only as a preliminaryindication of the presence of radioactive materials.
The Company is the beneficiary of a 100% interest inthe CLR Project and controls all exploration and development of theProject at this time. The recently completedexploration program will assist in defining drill targets. The Companyis applying for the requisite permits and expects to be drilling whenpermits are received.
Dr. Peter Born, P.Geo., is the designated qualifiedperson as defined by NationalInstrument 43-101 and is responsible for, andhas 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 approximately62,000,000lbs of yellowcake uranium.
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.
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.
Copyright (c) 2022 TheNewswire - All rights reserved.