(TheNewswire)
Toronto, Ontario – TheNewswire - April 13 , 2023 -NewOrigin Gold Corp. (TSXV:NEWO) has filed anindependent technical report on SEDAR, prepared in accordance with National Instrument43-101, entitled “ TechnicalReport on the Sky Lake Gold Project Patricia Mining Division Ontario,Canada.”
The Technical Report is available under the Company'sissuer profile at www.sedar.com and alsoavailable on the Company's website at www.neworigingold.com
The 9,100 hectare Sky Lake Project is a 27 km longproperty southeast of the Pickle Lake Gold District in northwesternOntario. Gold-bearing altered volcanic andsedimentary rock and iron formation have been identified in multiplelocations at Sky Lake. A summer 2023 drill program is planned to testthe historic Koval gold deposit and new prospective targets identifiedalong extensions to the Koval deposit as well as at the iron-formationtrend. Historical drill results from the Koval Zone include 8.78 g/tAu over 16.0 metres within 100 metres of surface.
Qualified Persons
Technical information in this press release wasreviewed by Mr. Mark Petersen, P. Geo., He is a Qualified Person asdefined by National Instrument 43-101.
About NewOrigin Gold Corp.
NewOrigin Gold Corp. is a Canadian gold explorationcompany focused on drill discovery at its Sky Lake gold project in theCanadian Shield. NewOrigin’s management and Board have extensiveexperience in the delineation and development of gold deposits.NewOrigin trades on the TSX Venture Exchange under the ticker“ NEWO ”.
Further Information Contact:
Andrew Thomson, CEO
Ph: 905 727-1779 or visit www.neworigingold.com
Cautionary Statement regardingForward Looking Statements:
Neither TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release. This News Release includes certain “forward-lookingstatements” which are not comprised of historical facts.Forward-looking statements include estimates and statements thatdescribe the Company’s future plans, objectives or goals, includingwords to the effect that the Company or management expects a statedcondition or result to occur. Forward-looking statements may beidentified by such terms as “believes”, “anticipates”,“expects”, “estimates”, “may”, “could”, “would”,“will”, or “plan”. Since forward-looking statements are basedon assumptions and address future events and conditions, by their verynature they involve inherent risks and uncertainties. Although thesestatements are based on information currently available to theCompany, the Company provides no assurance that actual results willmeet management’s expectations. Risks, uncertainties and otherfactors involved with forward-looking information could cause actualevents, results, performance, prospects and opportunities to differmaterially from those expressed or implied by such forward-lookinginformation. Forward looking information in this news releaseincludes, but is not limited to, the intention to complete theforegoing, the Company’s objectives, goals or future plans,statements, exploration results, potential mineralization, theestimation of mineral resources, exploration and mine developmentplans, timing of the commencement of operations and estimates ofmarket conditions. Factors that could cause actual results to differmaterially from such forward-looking information include, but are notlimited to, the Company’s ability to obtain all approvals requiredin connection with the foregoing, the Company’s ability to predictor counteract potential impact of COVID-19 coronavirus on factorsrelevant to the Company’s business failure to identify mineralresources, failure to convert estimated mineral resources to reserves,the inability to complete a feasibility study which recommends aproduction decision, the preliminary nature of metallurgical testresults, delays in obtaining or failures to obtain requiredgovernmental, environmental or other project approvals, politicalrisks, inability to fulfill the duty to accommodate First Nations andother indigenous peoples, uncertainties relating to the availabilityand costs of financing needed in the future, changes in equitymarkets, inflation, changes in exchange rates, fluctuations incommodity prices, delays in the development of projects, capital andoperating costs varying significantly from estimates and the otherrisks involved in the mineral exploration and development industry,and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that theassumptions and factors used in preparing the forward-lookinginformation in this news release are reasonable, undue reliance shouldnot be placed on such information, which only applies as of the dateof this news release, and no assurance can be given that such eventswill occur in the disclosed time frames or at all. The Companydisclaims any intention or obligation to update or revise anyforward-looking information, whether as a result of new information,future events or otherwise, other than as required by law.
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