(TheNewswire)
January 1 st , 2023 – TheNewswire - Vancouver, British Columbia – Lake WinnResources Corp. (“ Lake Winn ” or the“ Company ”) (TSXV:LWR.H) (Frankfurt: 82A2) (WKN: A2DFY5) (OTC:ASDZF)is pleased to announce that it has commenced exploration on its LittleNahanni Claims in the NT.
The claims cover the southern half of the LittleNahanni LTC pegmatite swarm that have been traced over a combinedlength of 13 km in mountainous terrain that is deeply incised byseveral east- or west-facing cirques. The sampled portions of thedyke swarms are up to 52.60 m wide. Each dyke swarm contains multipledykes that range from 0.2 to 10 m in width. The dykes strikenortherly and have near vertical dips. They are well exposed on cirquewalls, but most of these areas are too steep to sample. Fortunately,relatively continuous bedrock exposures are accessible at the base ofcliffs on the north and south side of cirques. Cirque floors arecovered by overburden.
The company has commenced the following workin preparation for a drill program planned for the summer of2023.
The work includes.
1. Permitting
2. An Archeology study.
3. A helicopter borne geophysical survey usingthe ultra-sensitive SQUID magnetometer, operated by DIAS
4. A satellite study including the use of a uniqueground penetrating radar technique.
5. The are 1600m of historic core, to be scanned usingthe state of the art core scanner from Geologic AI
6. A road access study to aid in futurepermitting
7. Little Nahanni First Nation liaison.
8. Data compilation and re-interpretation of theprevious work.
The program on the Li property will be managed byArcher, Cathro & Associates (1981) Limited (ArcherCathro).
Lake Winn Resources Update Zoom call will be held Jan3, 2023 10:00 AM PST. The meeting will discuss this news release andhave opportunity for shareholders to ask questions. Join Zoom Meetingby clicking this link at 9:55 on Tuesday.
https://us02web.zoom.us/j/88133334613?pwd=RWdFVlBPT1pheHoxTVhRODJOVHZNQT09
Meeting ID: 881 3333 4613
Passcode: 969076
Qualified Person
The Qualified Person for this news release is BuddyDoyle, AUSIMM, a Geologist with over 35 years of experience in mineralexploration, discovery, and evaluation. A Qualified Person under theprovisions of the National Instrument 43-101.
About Lake Winn
Lake Winn Resources Corp is a mineral explorationcompany focused on advancing the Company’s 100% owned LithiumProperty, the Little Nahanni Pegmatite Group (LNPG) in the James Bayregion of Northwest Territories.
The Company is aggressively advancing the LittleNahanni Pegmatites with a spring work program AND intends to follow upwith drilling.
ON BEHALF OF THE BOARD OF DIRECTORS OF LAKE WINNRESOURCES CORP.
Patrick Power, President & CEO
+1 (604) 218-8772
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 the success of exploration activities. In thisrelease, it is not certain if the kimberlite discovered will beeconomic or not as this depends on many factors. Forward-lookingstatements, while based on management’s best estimates andassumptions, are subject to risks and uncertainties that may causeactual results to be materially different from those expressed orimplied by such forward-looking statements. There can be no assurancethat such statements will prove to be accurate, as actual results andfuture events could differ materially from those anticipated in suchstatements. Factors that could affect our plans include our potentialinability to raise funds as intended, and in such event, we mayrequire all funds raised, if any, to be used for working capitalrather than the intended uses as outlined. Accordingly, readers shouldnot place undue reliance on forward ? looking statements. Arctic Star undertakes no obligation orresponsibility to update forward ? looking statements,except as required by law.
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