(TheNewswire)
Vancouver, B C - TheNewswire - May 24, 2023 - Lake Winn Resources Corp. (“ LakeWinn ” or the “ Company ”) (TSXV:LWR) (FSE:EE1A) is pleasedto announce that, further to its news releasedated May 15, 2023, it has met the requirements to be listed on theTSX Venture Exchange (the “Exchange”) as a Tier 2 ‘JuniorMining” company. Effective as of today, the Company's listing hastransferred from the NEX to the Venture Exchange. The trading symbolfor the Company has changed from LWR.H to LWR.
Lake Winn Resources Corp, is a mineral explorationcompany focused on advancing the 100% owned Little Nahanni Lithiumproject (“LNLP”)is located in the Northwest Territories on theNWT/Yukon Border covering 7,080 hectares that includes a 13 km long,and up to 500m wide, lithium, cesium, and tantalum (“LCT”)pegmatite vein swarm. Many individual mineralized veins are up to10m thick. The project has had historic drilling and channel samplingthat confirm significant lithium, tantalum, cesium, and tin.
The Company currently awaits final analyses andinterpretation from a recently completed property wide magnetometerstudy expected shortly. The preliminary data has shown striking linearmagnetic responses, with one zone lining up with the known pegmatitetrend (see Figure1 ) and with a second stronger linear anomalyrepresenting a new potential pegmatite target ( see Press Releasedated January 26 th ,2023 ).
Figure 1: Previous MagnetometerRepresenting Approximately 25% of the Property. Close-up of previouslycompleted magnetometer data.
The Company was recently issued a 5 year explorationpermit inclusive of drilling, trenching, and channel sampling( seePress Release date May 95h, 2023 )
ON BEHALF OF THE BOARD OF DIRECTORS OF LAKE WINNRESOURCES CORP.
Patrick Power, President & CEO
+1 (604) 218-8772
www.lakewinn.ca
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accept responsibility for theadequacy or accuracy of this release.
Cautionary Statement Regarding“Forward-Looking” Information
This news release contains“forward-looking statements” including but not limited tostatements with respect to Arctic Star’s plans, the estimation of amineral resource, and thesuccess of exploration activities. In this release, it is not certainif the kimberlite discovered will be economic or not as this dependson many factors. Forward-looking statements, while based onmanagement’s best estimates and assumptions, are subject to risksand uncertainties that may cause actual results to be materiallydifferent from those expressed or implied by such forward-lookingstatements. There can be no assurance that such statements will proveto be accurate, as actual results and future events could differmaterially from those anticipated in such statements. Factors thatcould affect our plans include our potential inability to raise fundsas intended, and in such event, we may require all funds raised, ifany, to be used for working capital rather than the intended uses asoutlined. Accordingly, readers should not place undue reliance onforward?looking statements. Arctic Star undertakes no obligation orresponsibility to update forward?looking statements, except asrequired by law.
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