(TheNewswire)
Vancouver, British Columbia -TheNewswire – April 25, 2024 - Panther Minerals Inc. (“PantherMinerals” or the “Company”) (CSE:PURR) (OTC:GLIOF) ispleased to announce that it has significantly enlarged the footprintof the Boulder Creek uranium property (the “ Property ”), located in westernAlaska and in respect of which it has an option (“ Boulder Creek Option ”) to acquirea 100% ownership interest, by staking 140 State of Alaska miningclaims. Each claim is 160 acres in size, bringing the total footprintof the Property to 22,400 acres or 9,065 hectares (90.65 square kms).The Property now extends in a North Northwest – South Southeast forapproximately 30 kms and varies in width from 3 to 7 kms. The recentstaking campaign was designed to duplicate the area that was held, andthe subject of exploration work by, Triex Mineral Corp. (“ Triex ”).
In July 2006, Triex flew a total of 1,155 line-km of airborneradiometric surveying over the area covered by the newly-staked claimsusing Triex’s in-house Exploranium GR460 spectrometer system thatutilized two GPX-256 sodium iodide crystals mounted on a Hughes 500Ehelicopter ( Internal Triex CompanyReport – Summary Report on the Boulder Creek Property 2006 ).The Company concluded, based on a review of the radiometric anomaliesthat were previously identified by Triex, the newly staked claimswarranted additional exploration. The Company notes that a QualifiedPerson (within the meaning of National Instrument 43-101 - Standards of Disclosure for MineralProjects (“ NI43-101 ”) has not done sufficient work to verify the foregoinghistorical information. The Company is not treating such historicalinformation as being reliable, and it should not be relied upon.
The Company is continuing to gather and assess the information fromthe field activities conducted by Triex between 2006 – 2008 inpreparation for its planned summer 2024 exploration program.
About the Property
The Property is located on Alaska's Seward Peninsula in northwesternAlaska and hosts the Boulder Creek uranium deposit withintertiary-aged sandstones peripheral to a Late Cretaceous alkalicquartz monzonite intrusion.
The scientific and technical information in this news release has beenreviewed and approved for disclosure by Mr. Lindsay Bottomer, P.Geo.Mr. Bottomer is a “Qualified Person” within the meaning of NI43-101 and is a consultant to the Company.
The Company also announces that it has engaged Fairfax Partners Inc.(“ Fairfax Partners ”), fora nine-month term (“ Term ”), to provide marketing, communication and investorrelations services for the Company (the “ Fairfax Agreement ”). The Companywill pay a one-time startup fee of $50,000 to Fairfax Partners and$10,000 per month until the Term, or unless terminated or extendedpursuant to the Fairfax Agreement. The Company will not issue anysecurities to Fairfax Partners in consideration for the services.Fairfax Partners does not have any prior relationship with the Companyand the Company and Fairfax Partners deal at arm’s length. As of thedate hereof, to the company's knowledge, Fairfax Partners (includingits directors and officers) do not own any securities of the Company.
About Panther Minerals Inc.
Panther Minerals Inc. is a mineral exploration company activelyinvolved in the exploration of its North American project portfolio.The acquisition of the Boulder Creek Option reflects the Company'songoing intention of pursuing advanced, highly quality prospectiveuranium projects that can be readily worked and efficiently exploredin a timely manner. For more information please visit: www.pantherminerals.ca .
ON BEHALF OF THE BOARD OFDIRECTORS
Mr. Robert Birmingham: Chief Executive Officer
Head Office: 305-1770 Burrard St. Vancouver, British Columbia, V6J3G7
Telephone: +1 (604) 416 0569
Website: www.pantherminerals.ca
Email: info@pantherminerals.ca
The CSE and Information ServiceProvider have not reviewed and does not accept responsibility for theaccuracy or adequacy of this release.
Forward-Looking Statements
This news release contains “forward-looking information” withinthe meaning of applicable Canadian securities legislation. Often, butnot always, forward-looking information and information can beidentified by the use of words such as “plans”, “expects” or“does not expect”, “is expected”, “estimates”,“intends”, “anticipates” or “does not anticipate”, or“believes”, or variations of such words and phrases or state thatcertain actions, events or results “may”, “could”,“would”, “might” or “will” be taken, occur or be achieved.Actual future results may differ materially. In particular, thisrelease contains forward-looking information relating to the Property,the timing of exploration programs in the summer of 2024, whether theCompany will exercise the Boulder Creek Option, expectations relatingto the additional 140 State of Alaska mining claims and the expectedbenefits and opportunities that will arise with respect to theProperty. The forward-looking information reflects management'scurrent expectations based on information currently available and aresubject to a number of risks and uncertainties that may cause outcomesto differ materially from those discussed in the forward-lookinginformation. Such risk factors may include, among others, but are notlimited to: general economic conditions in Canada and globally; theinability of the Company to exercise the Boulder Creek Option; thepossibility that a counterparty may breach a contractual arrangement;industry conditions, including governmental regulation andenvironmental regulation; the availability of capital on acceptableterms; the need to obtain required approvals from regulatoryauthorities; stock market volatility; competition for, among otherthings, skilled personnel and supplies; incorrect assessments of thevalue of acquisitions; geological, technical, processing andtransportation problems; changes in tax laws and incentive programs;failure to realize the anticipated benefits of acquisitions anddispositions; and the other factors. Although the Company believesthat the assumptions and factors used in preparing the forward-lookinginformation are reasonable, undue reliance should not be placed onsuch information and no assurance can be given that such events willoccur in the disclosed time frames or at all. Factors that could causeactual results or events to differ materially from currentexpectations include: (i) adverse market conditions; and (ii) otherfactors beyond the control of the Company. New risk factors emergefrom time to time, and it is impossible for the Company’s managementto predict all risk factors, nor can the Company assess the impact ofall factors on Company’s business or the extent to which any factor,or combination of factors, may cause actual results to differ fromthose contained in any forward-looking information. Theforward-looking information included in this news release are made asof the date of this news release and the Company expressly disclaimsany intention or obligation to update or revise any forward-lookinginformation whether as a result of new information, future events orotherwise, except as required by applicable law. Additionalinformation identifying risks and uncertainties that could affectfinancial results is contained in the Company’s filings withCanadian securities regulators, which are available at www.sedarplus.ca .
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