(TheNewswire)
June 28 th , 2023 – TheNewswire - Vancouver, British Columbia – Lake WinnResources Corp. (“ Lake Winn ” or the“ Company ”) (TSXV:LWR) (FSE:EE1A) is pleased to announce it hasreceived two exploration grants for upcoming future exploration inCanada.
Mining Incentive Program (MIPs) grantNWT Little Nahanni Lithium $192,000.
Lake Winn Resources Corp. is pleased to announce thatit has received a grant of $192,000 towards its 2023 explorationsefforts on its flagship Little Nahanni Pegmatite Group (LNPG) propertyhosting encouraging Lithium, Tantalum, and Tin results. The Project is 100% owned and covers 7,080 hectares ofprospective ground with near road access, in close proximity to theCantung and Mactung Mines and related infrastructure. This Mining Incentive Grant, from the Government of theNorthwest Territories, is selected from a $1m fund that is distributedto exploration and development projects on a technical and economicmerit basis. The Company wishes to thank the Government of theNorthwest Territories for its recognition and acknowledgment of thehigh quality of the LNPG project and for its substantial financialcontribution.
Manitoba Mineral Development Fund(MMDF) grant MB Cloud Gold $210,000.
Lake Winn Resources Corp. is also pleased to announcethat it has received a grant of $210,000 towards its 2023 explorationefforts on the Cloud Gold property located in proximity to Flin FlonManitoba. The Cloud project hosts encouraging gold results from theprevious drill program. This MMDF grant is awarded to Companies thatcan demonstrate the potential to increase mineral exploration anddevelopment in Manitoba through high quality exploration projectsalong with local expenditures that support business development tostrengthen the mining supply chain in Manitoba. The Company wishes tothank the Manitoba Mineral Development Fund for its recognition andacknowledgment of the high quality of the Cloud project and for itssubstantial financial contribution.
About Lake Winn Resources
Lake Winn Resources Corp. is a mineral explorationcompany focused on advancing its 100% owned Little Nahanni LithiumProject (“LNLP”), which is located in the western NorthwestTerritories near the Yukon Border. The project covers 7,080 hectaresthat encompasses a 7 km long, and up to 500 m wide, lithium, tantalum,and tin pegmatite dyke swarm. Historical drilling and channel samplingon the Project confirms the presence of significant lithium, tantalum,and tin.
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) accepts 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 Lake Winn’s plans, the estimation of amineral resource, and the success of exploration activities. In thisrelease, it is not certain if the discovery will be economic or not asthis depends on many factors. Forward-looking statements, while basedon management’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. Lake Winn undertakesno obligation or responsibility to update forward ? looking statements, except as required by law.
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