(TheNewswire)
Vancouver, B.C. - TheNewswire - September 13, 2023 – Bathurst Metals Corp. (“Bathurst” or the “Company”) ( TSXV:BMV ) ( OTC:BMVVF ) is pleased to announce the assayresults from our spring soil sampling program on the Peerless MineralTenures (“Peerless”) property located in the Goldbridge MiningCamp (“Goldbridge Camp”) in south-central British Columbia. Thesoil sampling program was designed to cover an area where thrustbound, ultramafic intrusives occur. The ultramafics were observed tobe listwanite altered; a classic geological setting in the GoldbridgeCamp known to host gold deposits.
The Goldbridge Camp, located 180km north of Vancouveris remarkably similar to the Mother Lode camp of California in termsof ore mineralogy, wall rock alteration and geological setting. TheGoldbridge Camp contains over 60 mineral localities including thehistorical large producer Bralorne Mine, which yielded over 4 millionoz gold. The Bralorne Mine and is still being actively explored.Currently, other juniors are active in the Goldbridge Camp area andare consistently getting good results. Our nearest neighbour,Endurance Gold Corporation's Reliance Gold Project last reported 7.87grams per tonne gold over 7.6 metres (September 5, 2023, newsrelease).
The Peerless Property, located in the heart of theGoldbridge Camp contains historical drill assay results of up to28.92 grams/tonne gold over 4.57 metre drill lengths in similargeological and structural settings to other deposits in GoldbridgeCamp.
Field crews collected a total of 200 soil samples overan area of altered ultramafics. Figure #1 below provides a plan viewof historical gold in soil anomalies in the Peerless, Beta and AlphaZones and also shows the newly discovered Lamba and Kappa Zones, withgold in soil anomalies.
Figure # 2 is a Google Maps plan view of the topographyand road access to the Lamba and Kappa zones. The Peerless projectcovers an area of subdued topography with good two-wheel drive roadaccess to most of the property with making the project easy to workyear-round.
A drill permit application has been submitted andapproved by the British Columbia Ministry of Mines once the bond hasbeen posted by the Company. The drilling program is timed to occurlater this year.
Bathurst President, Lorne Warner said "At this point, every area thatBathurst has collected soil samples over has returned anomalous goldvalues. Our geological team believes the project hosts a similarstructural and geological setting as the known gold deposits in theGoldbridge Camp".
Qualified Person
Greg Bronson, P Geo, is a qualified person as definedby National Instrument 43-101 and has reviewed
and approved the scientific and technical disclosure inthis news release. Mr. Bronson is not independent of theCompany.
ON BEHALF OF THE BOARD OFDIRECTORS
Bathurst Metals Corp.
For more information contact Harold Forzley
info@bathurstmetalscorp.com
Neither TSX Venture Exchange nor itsregulation services provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
Forward Looking Statements
Certain of the statements made and informationcontained herein may contain forward- looking information within themeaning of applicable Canadian securities laws. Forward-lookinginformation includes, but is not limited to, information concerningthe Company's intentions with respect to the development of itsmineral properties. Forward-looking information is based on the views,opinions, intentions and estimates of management at the date theinformation is made, and is based on a number of assumptions andsubject to a variety of risks and uncertainties and other factors thatcould cause actual events or results to differ materially from thoseanticipated or projected in the forward-looking information (includingthe actions of other parties who have agreed to do certain things andthe approval of certain regulatory bodies). Many of these assumptionsare based on factors and events that are not within the control of theCompany and there is no assurance they will prove to be correct. Therecan be no assurance that forward-looking information will prove to beaccurate, as actual results and future events could differ materiallyfrom those anticipated in such information. The Company undertakes noobligation to update forward-looking information if circumstances ormanagement's estimates or opinions should change except as required byapplicable securities laws, or to comment on analyses, expectations orstatements made by third parties in respect of the Company, itsfinancial or operating results or its securities. The reader iscautioned not to place undue reliance on forward-lookinginformation.
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