(TheNewswire)
Vancouver, B C - TheNewswire - March 3, 2023 - Lake Winn Resources Corp. (“ LakeWinn ” or the “ Company ”) (TSXV:LWR.H)(FSE:EE1A) is pleased to announce attendance atthe Prospector and Developer Association of Canada conference(“PDAC”) booth 2103 Toronto, Ontario March 5 th -8 th , 2023. Held atthe Metro Toronto Convention Center, PDAC is theworld's premier mineral exploration and mining convention and is theleading event for people, companies, and organizations connected tomineral exploration (see pdac.ca for more information). The Little Nahanni Lithium project (“LNLP”) located inthe Northwest Territories on the NWT/Yukon Border covers a 13km long,and up to 500m wide, lithium, cesium, and tantalum (“LCT”)pegmatite vein swarm with many individual mineralized veins up to 5mthick. The project has had historic drilling and channel sampling thatconfirm significant lithium, tantalum, cesium, and tin. An example ofthe core will be at the company booth in the investor section of thePDAC.
Based on the encouraging historic results and the largefootprint of this LCT pegmatite system, Lake Winn is currentlyconducting the following activities in preparation for an estimated4,000m drill program:
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Permitting
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A road access study
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Satellite Radar study
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SQUID Magnetometer 75m close space airborne geophysics
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Geologic AI scan of the existing historic drill core
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Targeting
These are all well underway, most notably, results forapproximately 25% of the SQUID magnetometer survey have been receivedand released ( see Press Releasedated January 26 th ,2023 ).
The preliminary data has shown striking linear magneticresponses, with one zone lining up with the known pegmatite trend (seeFigure 1). and with a second stronger linear anomaly with no knowngeological explanation. Field crews will be deployed to investigatethis potentially new area of mineralization. Based on thesepreliminary results the company has staked additional ground to theeast and south.
Lake Winn has been informed by the contractor that thesurvey will recommence on March 15 th , with finalresults anticipated before the end of the month.
Figure 1: Previous MagnetometerRepresenting Approximately 25% of the Property. Close-up of previouslycompleted magnetometer data.
Lake Winn is working with Archer Cathro &Associates to manage the exploration program. Archer Cathro hasunparalleled experience in the Canadian North, with their partnershipthe Company has commenced permitting, and First Nation permissions insupport of the planned 4,000m drill program.
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, focusing on advancing its’ 100% owned Little NahanniLithium Project, Northwest Territories, Canada.
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 Lake Winn’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. Lake WinnResources Inc. undertakes no obligation or responsibility to updateforward?looking statements, except as required by law.
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