(TheNewswire)
February 9, 202 1 – TheNewswire - Vancouver, British Columbia – Lake WinnResources Corp. (“Lake Winn” or the “Company”) ( TSXV:LWR ) ( OTC:EQTXF ) ispleased to announce it has drilled 8 holes, 1683 meter drill programon the Cloud project, in the Flin Flon Gold Belt, Manitoba. Samples for the holes have been sent to thelaboratory and the company is waiting for assays.
After completing two holes prior to Christmas, the crewreturned to the property early January where six more holes werecompleted.
The holes were initiated to test the Bachnick goldshowing and to test the Resistivity and IP targets. Quartz veins withsulphides were encountered in most of the holes. Zonesof silicification and zones containing disseminated sulphides werealso encountered which most likely explain the resistivity and IPanomalies. Table one gives the drilling details of each hole.
Table 1. NQ sized drill hole location andorientation
Drill hole | Easting | Northing | Depth | Dip | Bearing |
CP-2020-01 | 342400 | 6083550 | 200 | -50 | 345 |
CP-2020-02 | 342660 | 6083530 | 206 | -50 | 345 |
CP-2021-01 | 342730 | 6083636 | 209 | -50 | 345 |
CP-2021-02 | 342300 | 6083470 | 200 | -50 | 345 |
CP-2021-03 | 342485 | 6083525 | 230 | -50 | 345 |
CP-2021-04 | 342640 | 6083525 | 209 | -50 | 165 |
CP-2021-05 | 342850 | 6083650 | 209 | -45 | 285 |
CP-2021-06 | 342100 | 6083600 | 200 | -50 | 200 |
Total 1663meters
QualifiedPerson
The Qualified Person for this news release is BuddyDoyle, AUSIMM, a Geologist with over 30 years’ experience in mineralexploration, discovery, and evaluation. A Qualified Person under theprovisions of National Instrument 43-101.
About LakeWinn
Lake Winn Resources Corp., is a Vancouver based goldcompany, listed on the TSX Venture Exchange (Symbol: LWR) focusing onexploration and development of gold projects in Canada. Thecompany’s flagship property, the Cloud Project is in the province ofManitoba, in the Flin Flon Gold Belt approximately 40 kilometersnorth ? east of the townof Flin ? Flon. Access tothe property is provided by Manitoba highway 10 to the all ? weather Kississing Lake Road. Thecompany also has the Quartz property 76 kilometres east of Flin Flonwhere there are historic gold drill intercepts.
On Behalf of the Board of Directors of Lake WinnResources Corp.
Patrick Power, President & CEO
+1 (604) 218-8772
Neither the TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of thisrelease.
Cautionary StatementRegarding “Forward-Looking” Information
Certain statementscontained in this press release may constitute forward-lookingstatements. Such forward-looking statements are based upon theCompany’s reasonable expectations at the date hereof, which aresubject to change depending on economic, political and competitivecircumstances and contingencies. Readers are cautioned that suchforward looking statements involve known and unknown risks,uncertainties and other factors that may cause a change in suchassumptions and the actual outcomes and estimates to be materiallydifferent from those estimated or anticipated future results,achievements or position expressed or implied by those forward-lookingstatements. Risks, uncertainties and other factors that could causethe Company’s plans or prospects to change include changes ordisruptions in the securities markets; legislative, political oreconomic developments. The Company disclaims any intention orobligation to update or revise any forward-looking statements whetheras a result of new information, future events or otherwise. This newsrelease does not constitute an offer to sell or a solicitation of anoffer to buy any of the securities described in this news release inthe United States. Such securities have not been, and will not be,registered under the United States Securities Act of 1933, as amended(the “ U.S. Securities Act “), or any statesecurities laws, and, accordingly, may not be offered or sold withinthe United States, or to or for the account or benefit of persons inthe United States or “U.S. Persons”, as such term is defined inRegulation S promulgated under the U.S. Securities Act, unlessregistered under the U.S. Securities Act and applicable statesecurities laws or pursuant to an exemption from such registrationrequirements.
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