NEW YORK, NY / ACCESSWIRE / January 19, 2024 / Focus Financial Partners ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that it has entered into a definitive agreement under which Wasserman Wealth Management, LLC ("Wasserman Wealth Management" or "Wasserman"), a registered investment adviser based in Farmington Hills, MI, will join Focus partner firm Buckingham Strategic Wealth, LLC ("Buckingham" or "Buckingham Strategic Wealth"). This transaction is expected to close in the first quarter of 2024, subject to customary closing conditions.
Since 2003, Wasserman has utilized Buckingham’s affiliated comprehensive wealth management platform, providing resources, back-office management, thought leadership and a broad toolbox of personalized services, to help their clients achieve a greater sense of financial comfort and security. Managing Member Brad Wasserman, CPA, Member Keith Rybak, CPA and the rest of the Wasserman team currently provide investment management and financial planning advice to clients across the country.
"We pride ourselves on strong client relationships and we are especially honored that generations of families have entrusted us with their financial futures," shared Brad Wasserman. "We are always looking for new ways to serve our clients, and making the move to join Buckingham was the logical, natural step in the evolution of our firm. Because of our long-tenured partnership with their affiliated platform, we knew Buckingham shared our beliefs, investment strategies and core values. We are excited and confident this move will help us support our clients’ financial growth and the development of our firm, now and for years to come."
"Welcoming a new team into the Buckingham family is always exciting, but it’s even more special when long-time members of our Buckingham Strategic Partners community join the firm," said Adam Birenbaum, Chairman and CEO of Buckingham Strategic Wealth and Buckingham Strategic Partners, LLC. "We share such a deep history with Brad, Keith and the rest of their team, it is a natural fit and we look forward to supporting them as they serve clients in the Detroit metropolitan area and across the country."
"We are delighted that the Wasserman Wealth Management team is joining Buckingham," said Travis Danysh, Head of Mergers and Acquisitions for Focus. "We have seen Buckingham successfully attract like-minded teams to their organization for many years due to their strength in providing fee-only wealth management services. We believe they are well-positioned to have another strong year in M&A."
About Focus Financial Partners
Focus Financial Partners is a leading partnership of independent, fiduciary wealth management firms. Focus provides access to best practices, resources and continuity planning for its partner firms who serve individuals, families, employers and institutions with comprehensive wealth management services. Focus partner firms benefit from the synergies, scale, economics and best practices offered by Focus to achieve their business objectives. For more information about Focus, please visit www.focusfinancialpartners.com.
About Buckingham Strategic Wealth, LLC
Buckingham Strategic Wealth, LLC, helps individuals, families, businesses, trusts, nonprofits, retirement plans and medical practice owners achieve their most important life and financial goals by creating customized, comprehensive, evidence-based financial plans. Buckingham’s investment philosophy is rooted in an academic approach tailored to address each client’s willingness and ability to accept market risk. As a registered investment adviser, Buckingham has a fiduciary obligation to its clients. Buckingham’s investment approach centers on modern portfolio theory implemented through passively managed mutual funds and the firm’s fixed income portfolio design and execution capabilities. Headquartered in St. Louis, Buckingham has over 50 offices across the country. For more information, visit www.buckinghamstrategicwealth.com.
Media Contact
Travis Danysh Managing Director, Head of Mergers and Acquisitions Focus Financial Partners P: +1-512-498-7083
PORT WASHINGTON, NY / ACCESSWIRE / January 19, 2024 /Global Industrial Company (NYSE:GIC), a value-added national distributor of industrial products and MRO supplies, today announced the launch of its "Open SpaceTM" initiative at the U.S. Conference of Mayors’ 92nd Winter Meeting in Washington, D.C. Open SpaceTM is an innovative concept created by Global Industrial to support the thoughtful configuration of public and private gathering spaces in an effort to promote communal well-being and mental health. During the conference, Barry Litwin, Chief Executive Officer of Global Industrial, participated in a fireside chat hosted by Mayor Hillary Schieve, President of the U.S. Conference of Mayors and Mayor of Reno, Nevada.
Open SpaceTM by Global Industrial recognizes that the spaces we inhabit play an important role in the way we interact with others. Fostering a sense of community – whether it is in outdoor parks, hospitals, schools or work environments – can reinforce feelings of connectedness, and mitigate feelings of individual and collective isolation, and in so doing, enhance notions of social responsibility and productivity. The Open SpaceTM concept enables Global Industrial to customize an assortment of products to create environments for its customers that promote reflection and interpersonal exchange.
"Through our Corporate Day of Service event with the Helen Keller National Center, we curated an assortment of our outdoor benches, tables, umbrellas, bottle-filling stations and waste disposal solutions to create a serene reflection garden and a Collaboration Courtyard to foster interaction between residents and reinforce their sense of community," said Global Industrial CEO, Barry Litwin. "We sincerely hope that Open SpaceTM helps inspire others to look within their organizations to identify how they can help raise awareness and support mental health with these tangible solutions."
"Mental health is a widespread issue that affects many aspects of our communities, including hospitals, schools, corporations, and even within government," said Mayor Hillary Schieve. "We must unite in order to overcome the stigma surrounding mental health. Fostering collaboration between both the public and private sectors will help make our communities more livable for all."
Global Industrial’s Open SpaceTM initiative invites collaboration between public and private sector companies to proactively help address the mental health crisis that has emerged as a priority for many public officials since the COVID-19 pandemic. For more information about Global Industrial’s Open SpaceTM offering, visit www.globalindustrial.com/open-space.
About Global Industrial Company Global Industrial Company (NYSE: GIC), through its operating subsidiaries, is a value-added distributor. For 75 years, Global Industrial has gone the extra mile for its customers, currently offering hundreds of thousands of industrial and MRO products needed to run businesses and facilities. Global Industrial is committed to its customer-centric strategy, and utilizes a team of subject matter experts, Global Industrial Exclusive Brands products and national vendor relationships to help customers succeed. Global Industrial. "We Can Supply That®".
Forward-Looking Statements This press release contains forward-looking statements within the meaning of that term in the Private Securities Litigation Reform Act of 1995 (Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). Additional written or oral forward-looking statements may be made by the Company from time to time in filings with the Securities and Exchange Commission or otherwise. Any such statements that are not historical facts are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on management’s estimates, assumptions and projections and are not guarantees of future performance. When used in this release, the words "anticipates," "believes," "estimates," "expects," "intends," and "plans" and variations thereof and similar expressions are intended to identify forward-looking statements. Forward-looking statements in this report are based on the Company’s beliefs and expectations as of the date of this report and are subject to risks and uncertainties which may have a significant impact on the Company’s business, operating results or financial condition. Investors are cautioned that these forward-looking statements are inherently uncertain and undue reliance should not be placed on them. Important risk factors that may affect our future results of operations and financial condition are detailed from time to time in our Securities and Exchange Commission filings. We undertake no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected events, except as may be required by applicable law.
PORT WASHINGTON, NY / ACCESSWIRE / January 19, 2024 /Global Industrial Company (NYSE:GIC), a value-added national distributor of industrial products and MRO supplies, today announced the launch of its "Open SpaceTM" initiative at the U.S. Conference of Mayors’ 92nd Winter Meeting in Washington, D.C. Open SpaceTM is an innovative concept created by Global Industrial to support the thoughtful configuration of public and private gathering spaces in an effort to promote communal well-being and mental health. During the conference, Barry Litwin, Chief Executive Officer of Global Industrial, participated in a fireside chat hosted by Mayor Hillary Schieve, President of the U.S. Conference of Mayors and Mayor of Reno, Nevada.
Open SpaceTM by Global Industrial recognizes that the spaces we inhabit play an important role in the way we interact with others. Fostering a sense of community – whether it is in outdoor parks, hospitals, schools or work environments – can reinforce feelings of connectedness, and mitigate feelings of individual and collective isolation, and in so doing, enhance notions of social responsibility and productivity. The Open SpaceTM concept enables Global Industrial to customize an assortment of products to create environments for its customers that promote reflection and interpersonal exchange.
"Through our Corporate Day of Service event with the Helen Keller National Center, we curated an assortment of our outdoor benches, tables, umbrellas, bottle-filling stations and waste disposal solutions to create a serene reflection garden and a Collaboration Courtyard to foster interaction between residents and reinforce their sense of community," said Global Industrial CEO, Barry Litwin. "We sincerely hope that Open SpaceTM helps inspire others to look within their organizations to identify how they can help raise awareness and support mental health with these tangible solutions."
"Mental health is a widespread issue that affects many aspects of our communities, including hospitals, schools, corporations, and even within government," said Mayor Hillary Schieve. "We must unite in order to overcome the stigma surrounding mental health. Fostering collaboration between both the public and private sectors will help make our communities more livable for all."
Global Industrial’s Open SpaceTM initiative invites collaboration between public and private sector companies to proactively help address the mental health crisis that has emerged as a priority for many public officials since the COVID-19 pandemic. For more information about Global Industrial’s Open SpaceTM offering, visit www.globalindustrial.com/open-space.
About Global Industrial Company Global Industrial Company (NYSE: GIC), through its operating subsidiaries, is a value-added distributor. For 75 years, Global Industrial has gone the extra mile for its customers, currently offering hundreds of thousands of industrial and MRO products needed to run businesses and facilities. Global Industrial is committed to its customer-centric strategy, and utilizes a team of subject matter experts, Global Industrial Exclusive Brands products and national vendor relationships to help customers succeed. Global Industrial. "We Can Supply That®".
Forward-Looking Statements This press release contains forward-looking statements within the meaning of that term in the Private Securities Litigation Reform Act of 1995 (Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). Additional written or oral forward-looking statements may be made by the Company from time to time in filings with the Securities and Exchange Commission or otherwise. Any such statements that are not historical facts are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on management’s estimates, assumptions and projections and are not guarantees of future performance. When used in this release, the words "anticipates," "believes," "estimates," "expects," "intends," and "plans" and variations thereof and similar expressions are intended to identify forward-looking statements. Forward-looking statements in this report are based on the Company’s beliefs and expectations as of the date of this report and are subject to risks and uncertainties which may have a significant impact on the Company’s business, operating results or financial condition. Investors are cautioned that these forward-looking statements are inherently uncertain and undue reliance should not be placed on them. Important risk factors that may affect our future results of operations and financial condition are detailed from time to time in our Securities and Exchange Commission filings. We undertake no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected events, except as may be required by applicable law.
VANCOUVER, BC / ACCESSWIRE / January 19, 2024 /Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST)(CSE:FAT), a leading player in the North American hard-rock lithium exploration sector, has been strategically developing its position to contribute significantly to the clean energy economy. The company focuses on extracting lithium oxide, a key component in the lithium-based batteries used in EVs that is essential for powering the shift toward decarbonization.
With its headquarters in Vancouver, British Columbia, Foremost Lithium operates several strategically located properties, most notably in Snow Lake, Manitoba but also in Quebec. These properties cover over 55,1180 acres, potentially placing Foremost Lithium at the forefront of supplying North America’s growing lithium demand, crucial for the burgeoning EV and battery storage market.
Multi-Year Work Permit For Jean Lake/Lithium Gold Project
Recently, Foremost Lithium received a significant boost to its operations with the issuance of a multi-year work permit by the Manitoba government’s Mining Permit Office, valid until April 30, 2026. This permit will allow the company to streamline its exploration processes at the Jean Lake Lithium/Gold Project near Snow Lake, Manitoba, and facilitate more effective, cost-efficient and safer exploration strategies.
Alongside this news, the company announced a 15-hole, 2,500-meter diamond drilling program at Jean Lake, targeting the B-1 and B-2 spodumene-bearing pegmatite dykes in the northeast section of the property. Foremost Lithium reports that previous drilling near the B1 pegmatite dyke indicated significant lithium and gold mineralization, making this an excellent and high-potential area for future drilling. Foremost Lithium has also partnered with various local companies for drilling, air support, core storage and technical support – ensuring comprehensive logistical and operational backing for the drilling program.
Foremost Lithium’s CEO and President, Jason Barnard, commented on the announcement, stating, "Crews have begun mobilizing to Snow Lake, Manitoba in preparation of the winter drill season. The multi-year permit allows our company the flexibility to optimize our future work on the property which is critical to rapidly advance resource development. This is paramount to unlocking the potential of the Jean Lake property and adding to shareholder value."
Third $300,000 Grant From The MMDF
To kick off 2024 just a few days prior to this work permit news, Foremost Lithium also received a $300,000 grant from the Manitoba Mineral Development Fund (MMDF), the third such support extended to the company, totaling $900,000. Aside from offering more capital to accelerate Foremost Lithium’s growth, this funding underlines the MMDF’s confidence in the company’s potential and its contribution to the sustainable development of Manitoba’s mining industry.
If nothing else, the MMDF’s support is a testament to Foremost Lithium’s strategic importance in the region and its role in stimulating economic growth and attracting investment. However, the grant is particularly significant for the company’s 7,500-meter diamond drill program at the Zoro Lithium Project, also located in Snow Lake.
Zoro Lithium Property Winter Drill Program
In addition to the multi-year work permit and $300,000 grant, Foremost Lithium is undertaking an ambitious 7,500-meter winter drilling program at the Zoro Lithium Property. This initiative involves drilling 30 holes – to significantly expand the company’s resource-building efforts – and will target Dyke 1, the company’s inferred resource, as well as target previously drilled lithium spodumene dykes. This drill program is on top of the 2,500 meters planned for the Jean Lake Lithium/Gold Property, bringing the total planned drilling activity to 10,000 meters.
The Zoro Property sits adjacent to areas with established lithium resources like the Thompson Brothers and Grass River properties of8.2 million tonnes of 1% Li2O. The company reports that Dyke 1, which hosts an inferred resource from a single high-grade lithium bearing spodumene pegmatite of 1,074,567 tons at a grade of 0.91% Li2O, has been unexplored since 2018, and holds substantial potential. CEO Jason Barnard has described this as Foremost Lithium’s most aggressive drill program to date. It’s a strategic move aimed at maximizing resource potential and enhancing shareholder value, aligning perfectly with North America’s escalating demand for electric vehicles and clean energy solutions.
Emerging Trends In Lithium And Gold Markets
For context, the global shift toward renewable energy is potentially facing a critical supply challenge, creating an urgent need for investment in the global battery supply chain. According to a benchmark analysis, the industry needs about $514 billion of investment by 2030 to meet expected demand, underscoring the importance of companies like Foremost Lithium, Livent, Atlas Lithium, Sigma Lithium and their exploration efforts.
At the same time, the gold market is in the middle of a significant upswing, with declining interest rates and geopolitical risks expected to push prices to new highs in 2024. These developments in both the lithium and gold sectors highlight the growing demand for mineral exploration and, by extension, the growth potential of key players within that supply chain like Foremost Lithium.
Pioneering The Future Of Clean Energy
All of Foremost Lithium’s recent achievements – the multi-year work permit for Jean Lake, the significant grant from the MMDF and the extensive drilling programs at Jean Lake and Zoro – coupled with the growing demand for lithium and gold, underscore the company’s potential as a formidable player in North America’s mining sector. With these initiatives adding wind to its sails, Foremost Lithium seems to be on its way to becoming a premier supplier of lithium feedstock, crucial for the growing EV and battery storage markets and the broader shift toward sustainable energy solutions.
VANCOUVER, BC / ACCESSWIRE / January 19, 2024 /Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST)(CSE:FAT), a leading player in the North American hard-rock lithium exploration sector, has been strategically developing its position to contribute significantly to the clean energy economy. The company focuses on extracting lithium oxide, a key component in the lithium-based batteries used in EVs that is essential for powering the shift toward decarbonization.
With its headquarters in Vancouver, British Columbia, Foremost Lithium operates several strategically located properties, most notably in Snow Lake, Manitoba but also in Quebec. These properties cover over 55,1180 acres, potentially placing Foremost Lithium at the forefront of supplying North America’s growing lithium demand, crucial for the burgeoning EV and battery storage market.
Multi-Year Work Permit For Jean Lake/Lithium Gold Project
Recently, Foremost Lithium received a significant boost to its operations with the issuance of a multi-year work permit by the Manitoba government’s Mining Permit Office, valid until April 30, 2026. This permit will allow the company to streamline its exploration processes at the Jean Lake Lithium/Gold Project near Snow Lake, Manitoba, and facilitate more effective, cost-efficient and safer exploration strategies.
Alongside this news, the company announced a 15-hole, 2,500-meter diamond drilling program at Jean Lake, targeting the B-1 and B-2 spodumene-bearing pegmatite dykes in the northeast section of the property. Foremost Lithium reports that previous drilling near the B1 pegmatite dyke indicated significant lithium and gold mineralization, making this an excellent and high-potential area for future drilling. Foremost Lithium has also partnered with various local companies for drilling, air support, core storage and technical support – ensuring comprehensive logistical and operational backing for the drilling program.
Foremost Lithium’s CEO and President, Jason Barnard, commented on the announcement, stating, "Crews have begun mobilizing to Snow Lake, Manitoba in preparation of the winter drill season. The multi-year permit allows our company the flexibility to optimize our future work on the property which is critical to rapidly advance resource development. This is paramount to unlocking the potential of the Jean Lake property and adding to shareholder value."
Third $300,000 Grant From The MMDF
To kick off 2024 just a few days prior to this work permit news, Foremost Lithium also received a $300,000 grant from the Manitoba Mineral Development Fund (MMDF), the third such support extended to the company, totaling $900,000. Aside from offering more capital to accelerate Foremost Lithium’s growth, this funding underlines the MMDF’s confidence in the company’s potential and its contribution to the sustainable development of Manitoba’s mining industry.
If nothing else, the MMDF’s support is a testament to Foremost Lithium’s strategic importance in the region and its role in stimulating economic growth and attracting investment. However, the grant is particularly significant for the company’s 7,500-meter diamond drill program at the Zoro Lithium Project, also located in Snow Lake.
Zoro Lithium Property Winter Drill Program
In addition to the multi-year work permit and $300,000 grant, Foremost Lithium is undertaking an ambitious 7,500-meter winter drilling program at the Zoro Lithium Property. This initiative involves drilling 30 holes – to significantly expand the company’s resource-building efforts – and will target Dyke 1, the company’s inferred resource, as well as target previously drilled lithium spodumene dykes. This drill program is on top of the 2,500 meters planned for the Jean Lake Lithium/Gold Property, bringing the total planned drilling activity to 10,000 meters.
The Zoro Property sits adjacent to areas with established lithium resources like the Thompson Brothers and Grass River properties of8.2 million tonnes of 1% Li2O. The company reports that Dyke 1, which hosts an inferred resource from a single high-grade lithium bearing spodumene pegmatite of 1,074,567 tons at a grade of 0.91% Li2O, has been unexplored since 2018, and holds substantial potential. CEO Jason Barnard has described this as Foremost Lithium’s most aggressive drill program to date. It’s a strategic move aimed at maximizing resource potential and enhancing shareholder value, aligning perfectly with North America’s escalating demand for electric vehicles and clean energy solutions.
Emerging Trends In Lithium And Gold Markets
For context, the global shift toward renewable energy is potentially facing a critical supply challenge, creating an urgent need for investment in the global battery supply chain. According to a benchmark analysis, the industry needs about $514 billion of investment by 2030 to meet expected demand, underscoring the importance of companies like Foremost Lithium, Livent, Atlas Lithium, Sigma Lithium and their exploration efforts.
At the same time, the gold market is in the middle of a significant upswing, with declining interest rates and geopolitical risks expected to push prices to new highs in 2024. These developments in both the lithium and gold sectors highlight the growing demand for mineral exploration and, by extension, the growth potential of key players within that supply chain like Foremost Lithium.
Pioneering The Future Of Clean Energy
All of Foremost Lithium’s recent achievements – the multi-year work permit for Jean Lake, the significant grant from the MMDF and the extensive drilling programs at Jean Lake and Zoro – coupled with the growing demand for lithium and gold, underscore the company’s potential as a formidable player in North America’s mining sector. With these initiatives adding wind to its sails, Foremost Lithium seems to be on its way to becoming a premier supplier of lithium feedstock, crucial for the growing EV and battery storage markets and the broader shift toward sustainable energy solutions.
DALLAS, TX / ACCESSWIRE / January 19, 2024 /ActivePure, the global leader in sustainable, active, continuous surface and air decontamination systems, today announced its participation as an exhibitor, speaker and participant in the AHR Expo, the essential event for the heating, ventilation, air conditioning and refrigeration (HVACR) industry. The American Society of Heating, Refrigerating and Air Conditioning Engineers (ASHRAE) and the Air Conditioning, Heating, & Refrigeration Institute (AHRI) co-sponsor the event. It is held concurrently with the 2024 ASHRAE Winter Conference. The AHR Expo at Chicago’s McCormick Place Convention Center is Jan. 22-24.
The conference, a hub for more than 50,000 HVACR industry professionals, will see Joe Urso, CEO of ActivePure, take the stage at the New Product Theater on Monday, January 22, at 5:15 PM in Theater B. Urso will delve into the future of indoor air quality (IAQ) analysis -focusing on ASHRAE Standard 241 and ActivePure’s HEART Chamber (Holistic Environmental Aerosol and Reactive Component Auto Response Testing). This groundbreaking 3000 cubic foot test chamber is designed for comprehensive air quality characterization, encompassing chemical composition, ion density, aerosol size and more, showcasing ActivePure’s commitment to advancing indoor air quality.
ActivePure will also have a significant presence at the event with reps from four divisions, and a 20′ x 30′ booth (#S10127) in the South Building of McCormick Place.
"ActivePure remains at the forefront of enhancing indoor air quality, a critical aspect today. Our global partnership with HVAC industry leaders reflects our commitment to pioneering solutions to mitigate indoor airborne and surface pathogens," remarked Urso. "In the evolving landscape of health and safety, particularly post-pandemic, our innovative technologies offer vital protection in diverse indoor environments, demonstrating our ongoing dedication to creating healthier indoor spaces worldwide."
ActivePure is recognized for leading the industry in proactive, continuous surface and air decontamination, catering to healthcare, commercial and residential sectors, with a commitment to safety and efficacy. Products powered by ActivePure Technology have been extensively tested in laboratories and real-world settings, demonstrating their capability to effectively deactivate a wide range of pathogens, including bacteria, mold, fungi, viruses and, notably, the virus responsible for COVID-19.
"ActivePure warmly invites AHR attendees to explore our innovative solutions at our booth and New Product Theater. Engage with our team to discover how we can collaborate in combating airborne viruses and beyond," said Urso.
For more information on ActivePure and their groundbreaking HEART Chamber, visit ActivePure.com.
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ABOUT ACTIVEPURE: ActivePure is a global leader in sustainable, active, continuous surface and air decontamination systems for healthcare and educational institutions, commercial and public facilities, hospitality and residential applications. Patented ActivePure Technology has been proven in independent university and laboratory testing to control and neutralize indoor contaminants effectively. It is the only product in its class recognized by the Space Foundation as Certified Space Technology and inducted into the Space Foundation Hall of Fame. In 2022, ActivePure was named on the Inc. 5000 list of most successful and fastest-growing private companies in America. In addition, the ActivePure Medical Guardian is registered and cleared as an FDA Class II Medical Device. ActivePure Technology was developed for space exploration and has since evolved for use in commercial and consumer products that reduce exposure to pathogens, including RNA and DNA viruses, bacteria and molds and fungus, by up to 99.9% in the air and on surfaces. ActivePure is privately held and began business as Electrolux USA in 1924. For more information, please visit ActivePure.com or call 888-217-4316.
NOTE TO JOURNALISTS: To request a meeting with an ActivePure representative, please contact TrizCom Public Relations at 972-247-1369.
MEDIA CONTACTS: Jo Trizila, TrizCom PR, on behalf of ActivePure Email: Jo@TrizCom.com Office: 972-247-1369 Cell/Text: 214-232-0078
GUELPH, ON / ACCESSWIRE / January 19, 2024 / Zentek Ltd. ("Zentek" or the "Company") (Nasdaq:ZTEK)(TSX-V:ZEN), an intellectual property development and commercialization company, announces that effective January 12th, Dr. Francis Dubé has resigned as Chairman of the Board of the Company in order to appoint an independent director, Mr. Eric Wallman as the Chairman of the Board as per best practices in governance. Mr. Wallman has been an independent director of the Company since 2018 and served as head of the audit committee as well as being on the compensation and the strategy committees. Dr. Dubé will continue to serve the Company as a director, and as Chief Operating Officer of the Company.
Greg Fenton, CEO commented: "On behalf of the Board, I would like to thank Dr. Dubé for his services as Chairman of the Board of Zentek. As we continue to grow and move to the next stage of our development, the Board is committed to best practices in governance, which includes an independent Chairman. I would also like to thank Mr. Wallman for accepting the role as an independent director in order to continue bolstering Zentek’s commitment to good governance."
About Zentek
Zentek is an ISO 13485:2016 certified intellectual property technology company focused on the research, development and commercialization of novel products seeking to give the Company’s commercial partners a competitive advantage by making their products better, safer, and greener.
Zentek’s patented technology platform ZenGUARD, is shown to have 99% anti-microbial activity and to significantly increase the bacterial and viral filtration efficiency of both surgical masks and HVAC (heating, ventilation, and air conditioning) systems. Zentek’s ZenGUARD production facility is located in Guelph, Ontario.
Zentek has a global exclusive license to the Aptamer-based platform technology developed by McMaster University which is being jointly developed by Zentek and McMaster for both the diagnostic and therapeutic markets.
For further information about Zentek or Albany Graphite Corp.:
Dr. Francis Dubé, director and Chief Operating Officer Tel: (289) 821-2820 Email: fdube@zentek.com
To find out more about Zentek Ltd., please visit our website at www.Zentek.com. A copy of this news release and all material documents in respect of the Company may be obtained on ZEN’s SEDAR+ profile at http://www.sedarplus.ca/.
Forward-Looking Statements
This news release contains forward-looking statements. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although Zentek believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Zentek disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
VANCOUVER, BC / ACCESSWIRE / January 19, 2024 / Blackwolf Copper and Gold Ltd. ("Blackwolf" or the "Company") (TSXV:BWCG)(OTC PINK:BWCGF) is pleased to announce the final assay results from the 7 hole surface drill program and surface sampling at the Harry Property, and the 3 hole, first-ever, drill program at the Cantoo Property completed in 2023. The two properties are strategically located in the prolific Golden Triangle. The Cantoo Property is positioned 15 kilometers north of Hyder, Alaska, neighboring the town of Stewart, British Columbia. It is also 3 kilometers west of the past-producing Premier Gold Mine, currently in development, and 10 kilometers south of the Scottie Gold Mine. The Harry Property, located 30 kilometers north of Stewart, BC, is accessible along the all-season Granduc Road. Situated within a 50 kilometer-long axis featuring high-grade gold occurrences and deposits, including the Valley of the Kings, Brucejack mine.
Key Technical Insights:
Harry Property:
Multiple Mineralization-Styles: Drilling and surface sampling have identified multiple mineralization styles, in all regions of the Property, particularly at the Swann Zone. Two major mineralization styles have been identified, including:
The high-grade gold-silver veins contained in an extensive quartz-sericite-pyrite alteration package, as noted in surface sample 4.16 g/t Au and 9.71 g/t Ag, and subsequent in drilling 1.30 g/t Au and 2.90 g/t Ag over 2.0 meters and previously released results312 g/t Au and 101 g/t Ag, over 1.0 meter (refer to Blackwolf’s News release of October 30th, 2023).
Multi-ounce silver base-metal veins with gold credits, as noted in surface sample 1,049 g/t Ag, 4.447 g/t Au, 1.521% Cu, 8.0% Pb, 1.55% Zn, and subsequent in drilling 374 g/t Ag, 5.34% Pb, 1.41% Zn over 0.47 meters.
Multi-Zone Mineralization: The exploration effort has identified silver and base-metal occurrences, over a 3- kilometer trend, and two areas of intense quartz-sericite-pyrite alteration, each up to 1 kilometer in extent and associated with the previously released new high-grade visible gold vein discovery at the Swann Zone.
Cantoo Property:
The surface exploration highlighted the high-grade mineralization with multiple scree samples from the mineralization above, as noted in samples 29.2 g/t Au, 2,378 g/t Ag, 4.345% Cu, 7.24% Zn, and 19.9 g/t Au and 7.92 g/t Ag.
The initial drill program intersected porphyry-style alteration; strong zones of quartz-sericite alteration with sulphide mineralization. The strong mineralized alteration halos are analogue to the confirmed wide surface Cantoo vein mineralization outcropping in cliffs. The mineralization is closely associated with Jurassic-aged Texas Creek Intrusion suite as noted in mineralized interval in hole CT23-003 1.53 g/t Au and 1.01 g/t Au both over 1.5 metre. Further drilling to the southwest is needed to vector into high-grade shoots.
Rob McLeod, Blackwolf’s Executive Chairman states, "Encountering Brucejack-style remobilized coarse electrum veins at Harry was the highlight of the 2023 program. Extensive multiphase sulphide-rich veining within a wide halo of strongly anomalous gold and silver is highly encouraging. Drilling in 2024 will target additional high-grade surface values and structural/geochemical traps located up dip from the high-grade veins. At Cantoo, geochemical vectoring and surface sampling are suggesting a northeast strike and steep dip to the wide veins; subsequent drilling will test this concept."
Blackwolf’s CEO, Morgan Lekstrom comments, "Having successfully executed a program that stayed within budget, we have significantly expanded on previous results at the Harry Property, made a gold discovery, and gained a comprehensive understanding of the Cantoo Geology. This has led to a tremendous year for our initial drilling endeavors on both properties, and we are eager to build upon the discoveries at Harry and our newfound insights into the Cantoo Property. Mineralized occurrences at Harry have extended from the Swann Zone to several other mineralized occurrences across a 3-kilometer trend, adjacent to one of North America’s historically high-grade producers. Our company is fully funded to proceed with an extensive drill program on the Harry Property in 2024, and we have identified multiple areas where we anticipate further high-grade discoveries. With our enhanced understanding of Cantoo, we can now drill more efficiently and cost-effectively in pursuit of what we believe to be a significant new discovery. It’s important to remember that mines in the area are often discovered with over 100 drill holes, and with just 3 drill holes, we have obtained the information that uniquely positions us to expand our drilling at Cantoo and awaken this sleeping giant."
Harry Property
Harry Surface Sampling
In the Company’s first season of exploration on the Harry Property, a total of 99 surface grab samples were collected, marking a significant step in our understanding of the property. The primary aim was to assess the ten previously defined mineralized zones and establish any relationships between them. The outcomes, as determined by the Company’s geological team, provide valuable insights into the mineralization characteristics of the property.
The property exhibits two distinct mineralization styles. The first is characterized by east-trending, steeply dipping high-grade gold-silver precious metal veins within an extensive lower-grade gold, quartz-sericite-pyrite alteration package, comparable to larger Jurassic systems. Additionally, there are younger north-northwest trending, moderately dipping multi-ounce silver-base metal veins with gold credits, analogous to Eocene systems.
Key findings from surface sampling and mapping include the identification of two areas with intense quartz-sericite-pyrite (QSP) alteration, each extending up to one kilometer. These broad alteration areas host lower grade precious metals with notable samples such as B976737 4.16 g/t Au and 9.71 g/t Ag and B0017305 1.756 g/t Au and 21.68 g/t Ag. These areas are also associated with high-grade visible gold vein mineralization in the drill core, as noted in the previously released results (H23-017: 312 g/t Au and 101 g/t Ag, over 1.0 meter from 139 meter to 140 meter, and 277 g/t Au and 118 g/t Ag, over 1.0 meter from 199 to 200 meter – refer to October 30th 2023 news release)
Figure 1: Harry property map showing the prospective QSP alteration extent in light orange and the silver and base metal trend in blue. All zones are color coded in relation the mineralization-style; yellow associated to high-grade gold-silver and blue to silver-base metal veins.
Additionally, the 2023 surface work delineated a 3 kilometer trend with four mineralized zones, revealing multi-ounce silver-base metal veins with gold credits in samples like B976744 1,049 g/t Ag, 4.447 g/t Au, 1.521% Cu, 8.0% Pb, 1.55% Zn, B976724 714 g/t Ag, 14.19% Pb, 16.83% Zn, and B0012762 475 g/t Ag, 9.79% Pb, 10.34% Zn.
Figure 2: Comparative photos multi ounce silver-base-metal mineralization observed at the northern end compared to the southernmost extent of the Harry Property.
The multiple mineralization styles uncovered during this exploration season suggest a long-lived multiphase metallogenic system. These findings contribute to our ongoing understanding of the property’s geological characteristics.
Table 1. Selected Surface Results from the 2023 Harry program
Sample No.
Easting
Northing
Area
Au_ppm
Ag_ppm
Cu_%
Pb_%
Zn_%
B0017307
434380
6224629
Harry
1.001
57.72
0.010
1.650
0.116
B976710
434366
6226621
Harry
1.346
4.45
0.003
0.049
0.025
B976736
434150
6223754
Harry
1.07
11.38
0.003
0.325
0.069
B976737
434141
6223695
Harry
4.16
9.71
0.003
0.083
0.021
B976744
434122
6223527
S-1
4.477
1049
1.521
8.000
1.550
B976745
434118
6223566
S-1
3.239
995
1.436
4.330
3.100
B0012768
434023
6223880
Saw Cut
0.158
203
0.253
6.250
18.960
B0012755
434054
6223721
Sheeted Vein
5.676
160
0.041
2.820
8.940
B0012762
434045
6223642
Sheeted Vein
0.195
475
0.562
9.790
10.340
B0012766
434032
6223680
Sheeted Vein
0.04
98.3
0.090
2.570
5.640
B976717
434363
6226626
Sheeted Vein
0.077
3.72
0.103
0.017
1.290
B976721
434165
6226380
Sheeted Vein
0.04
213
0.080
19.68
0.073
B976724
434153
6226370
Sheeted Vein
0.311
714
0.663
14.190
16.830
B0017303
434519
6224862
Ursula
0.86
92.03
0.049
3.610
4.910
B0017305
434498
6224869
Ursula
1.756
21.68
0.016
0.524
0.234
B0017306
434497
6224872
Ursula
1.083
11.02
0.006
0.082
0.016
Harry Surface Drilling
The 2023 drilling program at the Harry property targeted mineralization previously identified in historical drilling at the Swann zone (Optimum Ventures Press Release, April 22, 2022). The primary focus was on targeting silver-base metal veins with gold credits and exploring the extent of precious metal mineralization within the broad quartz-sericite-pyrite alteration halo west of the Swann zone, extending towards the Milestone prospect.
A total of 1,741 meters of drilling across seven holes was completed in September 2023. The outcomes of the program exceeded expectations, as evidenced by the successful intersection of high-grade silver-base metal mineralization at the Swann zone. Results defined a 150-meter mineralized trend of sheeted mineralized veins, ranging from 0.3 to 3.0 meters in width at the Swann zone, as exemplified by H23-012: 0.47 g/t Au,374 g/t Ag, 5.34% Pb, 1.41% Zn over 0.47 meters.
Moreover, the program showcased the Company’s capability to unveil the potential for extensive high-grade gold mineralization within the expansive quartz-sericite-pyrite (QSP) halo. With only three diamond drill holes testing it to date, previously released results from H23-017 (312 g/t Au and 101 g/t Ag, over 1.0 meter from 139 meter to 140 meter, and 277 g/t Au and118 g/t Ag, over 1.0 meter from 199 to 200 meter) and hole H23-018 intersected 1.30 g/t Au and 2.90 g/t Ag over 2.0 meters within a longer low-grade intervals of gold mineralization encountered in the quartz-sericite-pyrite halo 0.42 g/t Au, 5.97 g/t Ag over 17.0 meters.
Table 2. Swann Zone Drill hole Composites
Hole-ID
Zone
From (meters)
To (meters)
*Length (meters)
Au (gpt)
Ag (gpt)
Pb (%)
Zn (%)
H23-012
Swann
67.32
67.79
0.47
0.42
374.00
5.340
1.410
118.10
118.89
0.79
1.62
2.79
0.014
0.001
160.00
161.00
1.00
0.46
14.77
0.265
2.470
H23-013
Swann
55.00
55.50
0.50
0.15
12.08
1.30
0.2091
93.00
96.10
3.10
0.33
13.05
0.057
0.127
H23-014
Swann
66.00
67.00
1.00
0.07
1.09
0.019
0.267
140.00
141.50
1.50
1.31
2.00
0.016
0.040
178.00
179.00
1.00
0.60
1.18
0.002
0.008
H23-015
Swann
74.05
77.19
3.14
0.07
8.35
0.107
0.241
191.42
192.45
1.03
0.68
1.27
0.009
0.012
H23-016
Swann
223.00
224.00
1.00
2.01
4.00
0.010
0.002
H23-018
Swann
176.00
183.00
7.00
0.73
3.07
0.012
0.004
176.00
193.00
17.00
0.41
5.97
0.004
0.08
Inc.
176.00
177.00
1.00
2.03
3.39
0.014
0.005
Inc.
181.00
183.00
2.00
1.30
2.895
0.014
0.005
* True widths are not known as there is not yet enough geological information.
Figure 3: Swann Zone 2023 Drilling Inset with two mineralization styles highlights; in red high-grade Gold-Silver mineralization and blue Silver-Base Metal veins
Cantoo Property
The property has a rich mining history with three adits driven in the early 1920’s to follow high-grade gold-silver mineralization with base metal credit breccias, stockworks, and vein structures, reaching up to 30 meters in thickness on surface. The 2023 surface exploration highlighted the high-grade mineralization with multiple scree samples from the mineralization above due to terrain steepness, as noted in sample B0011179 29.2 g/t Au, 2,378 g/t Ag, 4.35% Cu, 7.24% Zn, and B0011169 19.9 g/t Au and 7.92 g/t Ag. The 2023 drilling at the Cantoo was the first ever drill program completed to date on the property with 1,356 meters completed in three holes. The modest exploratory drilling completed highlighted area of intense quartz-sericite-pyrite (QSP) in close to distal telescoping relation with the Premier porphyry, Jurassic-age Texas Creek Intrusive Suite known in the area for association with neighboring, currently in development, Premier deposit. While significant precious metals values were not obtained, the alteration zone intersected closely resemblance with the high-grade surface samples closely related to the Premier porphyry intrusion. Mineralized intersection with the second hole highlighted two gold intervals within the Jurassic-aged Premier Porphyry associated with the prospective alteration as noted in hole CT23-003 with 1.53 g/t Au and 1.01 g/t Au, both over 1.5 meter. This initial drilling effort has significantly advanced our understanding of the complex structural geology in the area, refining our targeting strategy for the upcoming drill season.
Figure 4. Comparative photo from drill core alteration to comparative surface sample alteration with grade
Table 3. Selected Surface Assay Results from the 2023 Cantoo program
Sample Number
Easting
Northing
Type
Au _ppm
Ag_ppm
Cu_%
Pb_%
Zn_%
B0011166
433890
6214868
Float
4.070
2.1
0.001
0.001
0.002
B0011167
433880
6214859
Float
14.600
10.0
0.001
0.004
0.003
B0011168
433801
6214830
Float
4.238
1.8
0.001
0.001
0.001
B0011169
433801
6214830
Float
19.900
7.9
0.001
0.003
0.001
B0011170
433773
6214845
Float
4.548
3.4
0.015
0.017
0.627
B0011172
433807
6214839
Float
2.515
2.3
0.002
0.006
0.018
B0011174
433889
6214870
Float
6.192
115.0
0.484
7.670
0.353
B0011175
433001
6214866
Float
2.982
4.6
0.003
0.006
0.001
B0011176
433912
6215138
Float
0.348
222.0
0.136
35.850
0.630
B0011177
433919
6215145
Float
0.835
146.0
0.008
20.050
0.145
B0011178
433919
6215168
Float
1.980
607.0
1.112
4.370
0.199
B0011179
433919
6215168
Float
29.200
2378.00
4.350
0.527
7.240
B0011301
433803
6214832
Float
4.482
2.1
0.000
0.001
0.000
B0011302
433788
6214830
Float
9.903
6.4
0.001
0.003
0.004
B0011303
433781
6214836
Float
5.582
1.8
0.000
0.001
0.001
B0011304
433769
6214842
Float
5.720
2.4
0.001
0.001
0.000
B0011305
433762
6214842
Float
7.005
3.4
0.002
0.002
0.001
Table 4. Cantoo drill hole Composites
Hole-ID
From (meters)
To (meters)
*Length (meters)
Au (gpt)
Ag (gpt)
Cu (%)
Pb (%)
Zn (%)
CT23-001
No Significant Results
CT23-002
No Significant Results
CT23-003
433.00
434.50
1.50
1.53
5.58
NC
NC
NC
439.50
441.00
1.50
1.01
1.22
NC
NC
NC
* True widths are not known as there is not yet enough geological information.
Next Steps
There are numerous untested targets on the Harry Property; future work will include exploring the west side of the QSP alteration at the Golden Summit prospect. Additionally, the second alteration halo at the Harry and Ursula prospects further south, mirroring the high-grade precious metal veins intercepted this season, represents an exciting opportunity for future exploration. Furthermore, three additional zones hosting silver-base metal veins are yet to be explored, particularly the Sheeted Vein and Saw Cut prospects further south. This underscores the significant potential that occurs on the Harry Property, and Blackwolf is eager to unlock further discoveries as the Company continues to methodically explore and test these promising targets.
Table 5. Swann Zone Drill hole collar locations and orientations
Hole-ID
Coordinate System
Easting
Northing
Elevation (m a.s.l)
Azimuth (Degrees)
Dip (Degrees)
Length (m a.s.l)
H23-012
UTM_Zone9/NAD83
434390
6226542
890
215
-50
249
H23-013
UTM_Zone9/NAD83
434390
6226542
890
240
-50
250
H23-014
UTM_Zone9/NAD83
434390
6226542
890
230
-60
250
H23-015
UTM_Zone9/NAD83
434390
6226542
890
215
-60
251
H23-016
UTM_Zone9/NAD83
434312
6226610
862
215
-50
242
H23-017
UTM_Zone9/NAD83
434312
6226610
862
230
-50
246
H23-018
UTM_Zone9/NAD83
434312
6226610
862
250
-50
251
Table 6. Cantoo drill hole collar locations and orientations
Hole-ID
Coordinate System
Easting
Northing
Elevation (m a.s.l)
Azimuth (Degrees)
Dip (Degrees)
Length (m a.s.l)
*CT23-001
UTM_Zone9/NAD83
433247
6214825
858
95
-55
130.2
CT23-002
UTM_Zone9/NAD83
433244
6214839
860
95
-55
676
CT23-003
UTM_Zone9/NAD83
433244
6214839
860
85
-65
550
*Hole abandoned
QA/QC and Qualified Person
Analytical work for the Harry Property drill core samples was completed by two analytical laboratories: MSA Labs of Langley, BC, and Bureau Veritas of Vancouver, BC, both of whom are certified analytical service providers. Analytical work for the Cantoo property was completed by MSA Labs.
At MSA Labs, samples are prepared using procedure PRP-910 (dry,crush to 70% passing 2mm, riffle split off 250g, pulverize split to better than 85% passing 75 microns) and analyzed by method FAS-111 (30g fire assay with AAS finish) for gold and IMS-230 (1.0g, 4-acid digestion and ICP-MS analysis, 48 elements). Any samples containing >10g/t Au are reanalyzed using method FAS-415(30g Fire Assay with gravimetric finish). Samples containing >100 ppm Ag and/or >1% Cu, Pb, & Zn are reanalyzed using method ICF-6 (0.2g, 4-acid digest and ore grade ICP-AES analysis). Samples containing >1000g/t Ag are reanalyzed using method FAS-418 (30g fire assay with AAS finish) and samples containing >20% Pb are reanalyzed using method STI-8Pb (volumetric titration).
At Bureau Veritas, samples are prepared using PRP70-250 (dry, crush to 70% passing 2mm, riffle split off 250g, pulverize split to better than 85% passing 75 microns) and analyzed by method FA-430 (30g fire assay with AAS finish) for gold and MA-200 (0.25, multi-acid digestion and ICP-ES/MS analysis, 45 elements). Any samples containing >10g/t Au are reanalyzed using method FA530 (30g Fire Assay with gravimetric finish). Samples containing >100 ppm Ag and/or >1% Cu, Pb, & Zn are reanalyzed using method MA-370 (1.0g, 4-acid digestion and ore grade ICP-AES analysis). Samples containing >1000 g/t Ag are reanalyzed using method FA-530(30g fire assay with AAS finish) and samples containing >20% Pb are reanalyzed using method GC817. Samples with visible gold are subject to method FS-632, a screen metallics analysis with duplicate minus fractions analyzed, and 30g fire assay for gold.
The 2023 Drilling Program at the Harry Property was completed using industry standard procedures, including a quality assurance/quality control ("QA/QC") program consisting of the insertion of certified standard, blanks,and duplicates into the sample stream. The Qualified Person has reviewed the data and detected no significant QA/QC issues.
Andrew Hamilton, P.Geo., Consultant to the Company,a Qualified Person under NI 43-101,has reviewed and approved the scientific and technical content of this release.
About Blackwolf Copper and Gold Ltd.
Blackwolf’s founding vision is to be an industry leader in transparency, inclusion, and innovation. Guided by our Vision and through collaboration with local and Indigenous communities and stakeholders, Blackwolf builds shareholder value through our technical expertise in mineral exploration, engineering and permitting. The Company holds a 100% interest in the high-grade Niblack copper-gold-zinc-silver VMS project, located adjacent to tidewater in southeast Alaska. In addition, the Company holds a 100% interest in five Hyder Area gold-silver and base metal properties in southeast Alaska and an option to acquire an 80% interest in the Harry gold-silver property located in northwest British Columbia in the Golden Triangle. For more information on Blackwolf, please visit the Company’s website at www.blackwolfcopperandgold.com.
On behalf of the Board of Directors of Blackwolf Copper and Gold Ltd.
"Morgan Lekstrom" CEO and Director
For more information, contact:
Morgan Lekstrom 250-574-7350 (Mobile) 604-343-2997 (Office) MLL@bwcg.c
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements relating to the properties located in the Golden Triangle area and the Company’s future objectives and plans.Forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, market volatility; the state of the financial markets for the Company’s securities; fluctuations in commodity prices and changes in the Company’s business plans. In making the forward-looking statements in this news release, the Company has applied several material assumptions that the Company believes are reasonable, including without limitation, that the Company will continue with its stated business objectives and its ability to raise additional capital to proceed. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein,except in accordance with applicable securities laws. The Company seeks safe harbor.
For more information on the Company,investors should review the Company’s continuous disclosure filings that are available at www.sedarplus.ca.
VANCOUVER, BC / ACCESSWIRE / January 19, 2024 / Blackwolf Copper and Gold Ltd. ("Blackwolf" or the "Company") (TSXV:BWCG)(OTC PINK:BWCGF) is pleased to announce the final assay results from the 7 hole surface drill program and surface sampling at the Harry Property, and the 3 hole, first-ever, drill program at the Cantoo Property completed in 2023. The two properties are strategically located in the prolific Golden Triangle. The Cantoo Property is positioned 15 kilometers north of Hyder, Alaska, neighboring the town of Stewart, British Columbia. It is also 3 kilometers west of the past-producing Premier Gold Mine, currently in development, and 10 kilometers south of the Scottie Gold Mine. The Harry Property, located 30 kilometers north of Stewart, BC, is accessible along the all-season Granduc Road. Situated within a 50 kilometer-long axis featuring high-grade gold occurrences and deposits, including the Valley of the Kings, Brucejack mine.
Key Technical Insights:
Harry Property:
Multiple Mineralization-Styles: Drilling and surface sampling have identified multiple mineralization styles, in all regions of the Property, particularly at the Swann Zone. Two major mineralization styles have been identified, including:
The high-grade gold-silver veins contained in an extensive quartz-sericite-pyrite alteration package, as noted in surface sample 4.16 g/t Au and 9.71 g/t Ag, and subsequent in drilling 1.30 g/t Au and 2.90 g/t Ag over 2.0 meters and previously released results312 g/t Au and 101 g/t Ag, over 1.0 meter (refer to Blackwolf’s News release of October 30th, 2023).
Multi-ounce silver base-metal veins with gold credits, as noted in surface sample 1,049 g/t Ag, 4.447 g/t Au, 1.521% Cu, 8.0% Pb, 1.55% Zn, and subsequent in drilling 374 g/t Ag, 5.34% Pb, 1.41% Zn over 0.47 meters.
Multi-Zone Mineralization: The exploration effort has identified silver and base-metal occurrences, over a 3- kilometer trend, and two areas of intense quartz-sericite-pyrite alteration, each up to 1 kilometer in extent and associated with the previously released new high-grade visible gold vein discovery at the Swann Zone.
Cantoo Property:
The surface exploration highlighted the high-grade mineralization with multiple scree samples from the mineralization above, as noted in samples 29.2 g/t Au, 2,378 g/t Ag, 4.345% Cu, 7.24% Zn, and 19.9 g/t Au and 7.92 g/t Ag.
The initial drill program intersected porphyry-style alteration; strong zones of quartz-sericite alteration with sulphide mineralization. The strong mineralized alteration halos are analogue to the confirmed wide surface Cantoo vein mineralization outcropping in cliffs. The mineralization is closely associated with Jurassic-aged Texas Creek Intrusion suite as noted in mineralized interval in hole CT23-003 1.53 g/t Au and 1.01 g/t Au both over 1.5 metre. Further drilling to the southwest is needed to vector into high-grade shoots.
Rob McLeod, Blackwolf’s Executive Chairman states, "Encountering Brucejack-style remobilized coarse electrum veins at Harry was the highlight of the 2023 program. Extensive multiphase sulphide-rich veining within a wide halo of strongly anomalous gold and silver is highly encouraging. Drilling in 2024 will target additional high-grade surface values and structural/geochemical traps located up dip from the high-grade veins. At Cantoo, geochemical vectoring and surface sampling are suggesting a northeast strike and steep dip to the wide veins; subsequent drilling will test this concept."
Blackwolf’s CEO, Morgan Lekstrom comments, "Having successfully executed a program that stayed within budget, we have significantly expanded on previous results at the Harry Property, made a gold discovery, and gained a comprehensive understanding of the Cantoo Geology. This has led to a tremendous year for our initial drilling endeavors on both properties, and we are eager to build upon the discoveries at Harry and our newfound insights into the Cantoo Property. Mineralized occurrences at Harry have extended from the Swann Zone to several other mineralized occurrences across a 3-kilometer trend, adjacent to one of North America’s historically high-grade producers. Our company is fully funded to proceed with an extensive drill program on the Harry Property in 2024, and we have identified multiple areas where we anticipate further high-grade discoveries. With our enhanced understanding of Cantoo, we can now drill more efficiently and cost-effectively in pursuit of what we believe to be a significant new discovery. It’s important to remember that mines in the area are often discovered with over 100 drill holes, and with just 3 drill holes, we have obtained the information that uniquely positions us to expand our drilling at Cantoo and awaken this sleeping giant."
Harry Property
Harry Surface Sampling
In the Company’s first season of exploration on the Harry Property, a total of 99 surface grab samples were collected, marking a significant step in our understanding of the property. The primary aim was to assess the ten previously defined mineralized zones and establish any relationships between them. The outcomes, as determined by the Company’s geological team, provide valuable insights into the mineralization characteristics of the property.
The property exhibits two distinct mineralization styles. The first is characterized by east-trending, steeply dipping high-grade gold-silver precious metal veins within an extensive lower-grade gold, quartz-sericite-pyrite alteration package, comparable to larger Jurassic systems. Additionally, there are younger north-northwest trending, moderately dipping multi-ounce silver-base metal veins with gold credits, analogous to Eocene systems.
Key findings from surface sampling and mapping include the identification of two areas with intense quartz-sericite-pyrite (QSP) alteration, each extending up to one kilometer. These broad alteration areas host lower grade precious metals with notable samples such as B976737 4.16 g/t Au and 9.71 g/t Ag and B0017305 1.756 g/t Au and 21.68 g/t Ag. These areas are also associated with high-grade visible gold vein mineralization in the drill core, as noted in the previously released results (H23-017: 312 g/t Au and 101 g/t Ag, over 1.0 meter from 139 meter to 140 meter, and 277 g/t Au and 118 g/t Ag, over 1.0 meter from 199 to 200 meter – refer to October 30th 2023 news release)
Figure 1: Harry property map showing the prospective QSP alteration extent in light orange and the silver and base metal trend in blue. All zones are color coded in relation the mineralization-style; yellow associated to high-grade gold-silver and blue to silver-base metal veins.
Additionally, the 2023 surface work delineated a 3 kilometer trend with four mineralized zones, revealing multi-ounce silver-base metal veins with gold credits in samples like B976744 1,049 g/t Ag, 4.447 g/t Au, 1.521% Cu, 8.0% Pb, 1.55% Zn, B976724 714 g/t Ag, 14.19% Pb, 16.83% Zn, and B0012762 475 g/t Ag, 9.79% Pb, 10.34% Zn.
Figure 2: Comparative photos multi ounce silver-base-metal mineralization observed at the northern end compared to the southernmost extent of the Harry Property.
The multiple mineralization styles uncovered during this exploration season suggest a long-lived multiphase metallogenic system. These findings contribute to our ongoing understanding of the property’s geological characteristics.
Table 1. Selected Surface Results from the 2023 Harry program
Sample No.
Easting
Northing
Area
Au_ppm
Ag_ppm
Cu_%
Pb_%
Zn_%
B0017307
434380
6224629
Harry
1.001
57.72
0.010
1.650
0.116
B976710
434366
6226621
Harry
1.346
4.45
0.003
0.049
0.025
B976736
434150
6223754
Harry
1.07
11.38
0.003
0.325
0.069
B976737
434141
6223695
Harry
4.16
9.71
0.003
0.083
0.021
B976744
434122
6223527
S-1
4.477
1049
1.521
8.000
1.550
B976745
434118
6223566
S-1
3.239
995
1.436
4.330
3.100
B0012768
434023
6223880
Saw Cut
0.158
203
0.253
6.250
18.960
B0012755
434054
6223721
Sheeted Vein
5.676
160
0.041
2.820
8.940
B0012762
434045
6223642
Sheeted Vein
0.195
475
0.562
9.790
10.340
B0012766
434032
6223680
Sheeted Vein
0.04
98.3
0.090
2.570
5.640
B976717
434363
6226626
Sheeted Vein
0.077
3.72
0.103
0.017
1.290
B976721
434165
6226380
Sheeted Vein
0.04
213
0.080
19.68
0.073
B976724
434153
6226370
Sheeted Vein
0.311
714
0.663
14.190
16.830
B0017303
434519
6224862
Ursula
0.86
92.03
0.049
3.610
4.910
B0017305
434498
6224869
Ursula
1.756
21.68
0.016
0.524
0.234
B0017306
434497
6224872
Ursula
1.083
11.02
0.006
0.082
0.016
Harry Surface Drilling
The 2023 drilling program at the Harry property targeted mineralization previously identified in historical drilling at the Swann zone (Optimum Ventures Press Release, April 22, 2022). The primary focus was on targeting silver-base metal veins with gold credits and exploring the extent of precious metal mineralization within the broad quartz-sericite-pyrite alteration halo west of the Swann zone, extending towards the Milestone prospect.
A total of 1,741 meters of drilling across seven holes was completed in September 2023. The outcomes of the program exceeded expectations, as evidenced by the successful intersection of high-grade silver-base metal mineralization at the Swann zone. Results defined a 150-meter mineralized trend of sheeted mineralized veins, ranging from 0.3 to 3.0 meters in width at the Swann zone, as exemplified by H23-012: 0.47 g/t Au,374 g/t Ag, 5.34% Pb, 1.41% Zn over 0.47 meters.
Moreover, the program showcased the Company’s capability to unveil the potential for extensive high-grade gold mineralization within the expansive quartz-sericite-pyrite (QSP) halo. With only three diamond drill holes testing it to date, previously released results from H23-017 (312 g/t Au and 101 g/t Ag, over 1.0 meter from 139 meter to 140 meter, and 277 g/t Au and118 g/t Ag, over 1.0 meter from 199 to 200 meter) and hole H23-018 intersected 1.30 g/t Au and 2.90 g/t Ag over 2.0 meters within a longer low-grade intervals of gold mineralization encountered in the quartz-sericite-pyrite halo 0.42 g/t Au, 5.97 g/t Ag over 17.0 meters.
Table 2. Swann Zone Drill hole Composites
Hole-ID
Zone
From (meters)
To (meters)
*Length (meters)
Au (gpt)
Ag (gpt)
Pb (%)
Zn (%)
H23-012
Swann
67.32
67.79
0.47
0.42
374.00
5.340
1.410
118.10
118.89
0.79
1.62
2.79
0.014
0.001
160.00
161.00
1.00
0.46
14.77
0.265
2.470
H23-013
Swann
55.00
55.50
0.50
0.15
12.08
1.30
0.2091
93.00
96.10
3.10
0.33
13.05
0.057
0.127
H23-014
Swann
66.00
67.00
1.00
0.07
1.09
0.019
0.267
140.00
141.50
1.50
1.31
2.00
0.016
0.040
178.00
179.00
1.00
0.60
1.18
0.002
0.008
H23-015
Swann
74.05
77.19
3.14
0.07
8.35
0.107
0.241
191.42
192.45
1.03
0.68
1.27
0.009
0.012
H23-016
Swann
223.00
224.00
1.00
2.01
4.00
0.010
0.002
H23-018
Swann
176.00
183.00
7.00
0.73
3.07
0.012
0.004
176.00
193.00
17.00
0.41
5.97
0.004
0.08
Inc.
176.00
177.00
1.00
2.03
3.39
0.014
0.005
Inc.
181.00
183.00
2.00
1.30
2.895
0.014
0.005
* True widths are not known as there is not yet enough geological information.
Figure 3: Swann Zone 2023 Drilling Inset with two mineralization styles highlights; in red high-grade Gold-Silver mineralization and blue Silver-Base Metal veins
Cantoo Property
The property has a rich mining history with three adits driven in the early 1920’s to follow high-grade gold-silver mineralization with base metal credit breccias, stockworks, and vein structures, reaching up to 30 meters in thickness on surface. The 2023 surface exploration highlighted the high-grade mineralization with multiple scree samples from the mineralization above due to terrain steepness, as noted in sample B0011179 29.2 g/t Au, 2,378 g/t Ag, 4.35% Cu, 7.24% Zn, and B0011169 19.9 g/t Au and 7.92 g/t Ag. The 2023 drilling at the Cantoo was the first ever drill program completed to date on the property with 1,356 meters completed in three holes. The modest exploratory drilling completed highlighted area of intense quartz-sericite-pyrite (QSP) in close to distal telescoping relation with the Premier porphyry, Jurassic-age Texas Creek Intrusive Suite known in the area for association with neighboring, currently in development, Premier deposit. While significant precious metals values were not obtained, the alteration zone intersected closely resemblance with the high-grade surface samples closely related to the Premier porphyry intrusion. Mineralized intersection with the second hole highlighted two gold intervals within the Jurassic-aged Premier Porphyry associated with the prospective alteration as noted in hole CT23-003 with 1.53 g/t Au and 1.01 g/t Au, both over 1.5 meter. This initial drilling effort has significantly advanced our understanding of the complex structural geology in the area, refining our targeting strategy for the upcoming drill season.
Figure 4. Comparative photo from drill core alteration to comparative surface sample alteration with grade
Table 3. Selected Surface Assay Results from the 2023 Cantoo program
Sample Number
Easting
Northing
Type
Au _ppm
Ag_ppm
Cu_%
Pb_%
Zn_%
B0011166
433890
6214868
Float
4.070
2.1
0.001
0.001
0.002
B0011167
433880
6214859
Float
14.600
10.0
0.001
0.004
0.003
B0011168
433801
6214830
Float
4.238
1.8
0.001
0.001
0.001
B0011169
433801
6214830
Float
19.900
7.9
0.001
0.003
0.001
B0011170
433773
6214845
Float
4.548
3.4
0.015
0.017
0.627
B0011172
433807
6214839
Float
2.515
2.3
0.002
0.006
0.018
B0011174
433889
6214870
Float
6.192
115.0
0.484
7.670
0.353
B0011175
433001
6214866
Float
2.982
4.6
0.003
0.006
0.001
B0011176
433912
6215138
Float
0.348
222.0
0.136
35.850
0.630
B0011177
433919
6215145
Float
0.835
146.0
0.008
20.050
0.145
B0011178
433919
6215168
Float
1.980
607.0
1.112
4.370
0.199
B0011179
433919
6215168
Float
29.200
2378.00
4.350
0.527
7.240
B0011301
433803
6214832
Float
4.482
2.1
0.000
0.001
0.000
B0011302
433788
6214830
Float
9.903
6.4
0.001
0.003
0.004
B0011303
433781
6214836
Float
5.582
1.8
0.000
0.001
0.001
B0011304
433769
6214842
Float
5.720
2.4
0.001
0.001
0.000
B0011305
433762
6214842
Float
7.005
3.4
0.002
0.002
0.001
Table 4. Cantoo drill hole Composites
Hole-ID
From (meters)
To (meters)
*Length (meters)
Au (gpt)
Ag (gpt)
Cu (%)
Pb (%)
Zn (%)
CT23-001
No Significant Results
CT23-002
No Significant Results
CT23-003
433.00
434.50
1.50
1.53
5.58
NC
NC
NC
439.50
441.00
1.50
1.01
1.22
NC
NC
NC
* True widths are not known as there is not yet enough geological information.
Next Steps
There are numerous untested targets on the Harry Property; future work will include exploring the west side of the QSP alteration at the Golden Summit prospect. Additionally, the second alteration halo at the Harry and Ursula prospects further south, mirroring the high-grade precious metal veins intercepted this season, represents an exciting opportunity for future exploration. Furthermore, three additional zones hosting silver-base metal veins are yet to be explored, particularly the Sheeted Vein and Saw Cut prospects further south. This underscores the significant potential that occurs on the Harry Property, and Blackwolf is eager to unlock further discoveries as the Company continues to methodically explore and test these promising targets.
Table 5. Swann Zone Drill hole collar locations and orientations
Hole-ID
Coordinate System
Easting
Northing
Elevation (m a.s.l)
Azimuth (Degrees)
Dip (Degrees)
Length (m a.s.l)
H23-012
UTM_Zone9/NAD83
434390
6226542
890
215
-50
249
H23-013
UTM_Zone9/NAD83
434390
6226542
890
240
-50
250
H23-014
UTM_Zone9/NAD83
434390
6226542
890
230
-60
250
H23-015
UTM_Zone9/NAD83
434390
6226542
890
215
-60
251
H23-016
UTM_Zone9/NAD83
434312
6226610
862
215
-50
242
H23-017
UTM_Zone9/NAD83
434312
6226610
862
230
-50
246
H23-018
UTM_Zone9/NAD83
434312
6226610
862
250
-50
251
Table 6. Cantoo drill hole collar locations and orientations
Hole-ID
Coordinate System
Easting
Northing
Elevation (m a.s.l)
Azimuth (Degrees)
Dip (Degrees)
Length (m a.s.l)
*CT23-001
UTM_Zone9/NAD83
433247
6214825
858
95
-55
130.2
CT23-002
UTM_Zone9/NAD83
433244
6214839
860
95
-55
676
CT23-003
UTM_Zone9/NAD83
433244
6214839
860
85
-65
550
*Hole abandoned
QA/QC and Qualified Person
Analytical work for the Harry Property drill core samples was completed by two analytical laboratories: MSA Labs of Langley, BC, and Bureau Veritas of Vancouver, BC, both of whom are certified analytical service providers. Analytical work for the Cantoo property was completed by MSA Labs.
At MSA Labs, samples are prepared using procedure PRP-910 (dry,crush to 70% passing 2mm, riffle split off 250g, pulverize split to better than 85% passing 75 microns) and analyzed by method FAS-111 (30g fire assay with AAS finish) for gold and IMS-230 (1.0g, 4-acid digestion and ICP-MS analysis, 48 elements). Any samples containing >10g/t Au are reanalyzed using method FAS-415(30g Fire Assay with gravimetric finish). Samples containing >100 ppm Ag and/or >1% Cu, Pb, & Zn are reanalyzed using method ICF-6 (0.2g, 4-acid digest and ore grade ICP-AES analysis). Samples containing >1000g/t Ag are reanalyzed using method FAS-418 (30g fire assay with AAS finish) and samples containing >20% Pb are reanalyzed using method STI-8Pb (volumetric titration).
At Bureau Veritas, samples are prepared using PRP70-250 (dry, crush to 70% passing 2mm, riffle split off 250g, pulverize split to better than 85% passing 75 microns) and analyzed by method FA-430 (30g fire assay with AAS finish) for gold and MA-200 (0.25, multi-acid digestion and ICP-ES/MS analysis, 45 elements). Any samples containing >10g/t Au are reanalyzed using method FA530 (30g Fire Assay with gravimetric finish). Samples containing >100 ppm Ag and/or >1% Cu, Pb, & Zn are reanalyzed using method MA-370 (1.0g, 4-acid digestion and ore grade ICP-AES analysis). Samples containing >1000 g/t Ag are reanalyzed using method FA-530(30g fire assay with AAS finish) and samples containing >20% Pb are reanalyzed using method GC817. Samples with visible gold are subject to method FS-632, a screen metallics analysis with duplicate minus fractions analyzed, and 30g fire assay for gold.
The 2023 Drilling Program at the Harry Property was completed using industry standard procedures, including a quality assurance/quality control ("QA/QC") program consisting of the insertion of certified standard, blanks,and duplicates into the sample stream. The Qualified Person has reviewed the data and detected no significant QA/QC issues.
Andrew Hamilton, P.Geo., Consultant to the Company,a Qualified Person under NI 43-101,has reviewed and approved the scientific and technical content of this release.
About Blackwolf Copper and Gold Ltd.
Blackwolf’s founding vision is to be an industry leader in transparency, inclusion, and innovation. Guided by our Vision and through collaboration with local and Indigenous communities and stakeholders, Blackwolf builds shareholder value through our technical expertise in mineral exploration, engineering and permitting. The Company holds a 100% interest in the high-grade Niblack copper-gold-zinc-silver VMS project, located adjacent to tidewater in southeast Alaska. In addition, the Company holds a 100% interest in five Hyder Area gold-silver and base metal properties in southeast Alaska and an option to acquire an 80% interest in the Harry gold-silver property located in northwest British Columbia in the Golden Triangle. For more information on Blackwolf, please visit the Company’s website at www.blackwolfcopperandgold.com.
On behalf of the Board of Directors of Blackwolf Copper and Gold Ltd.
"Morgan Lekstrom" CEO and Director
For more information, contact:
Morgan Lekstrom 250-574-7350 (Mobile) 604-343-2997 (Office) MLL@bwcg.c
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements relating to the properties located in the Golden Triangle area and the Company’s future objectives and plans.Forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, market volatility; the state of the financial markets for the Company’s securities; fluctuations in commodity prices and changes in the Company’s business plans. In making the forward-looking statements in this news release, the Company has applied several material assumptions that the Company believes are reasonable, including without limitation, that the Company will continue with its stated business objectives and its ability to raise additional capital to proceed. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein,except in accordance with applicable securities laws. The Company seeks safe harbor.
For more information on the Company,investors should review the Company’s continuous disclosure filings that are available at www.sedarplus.ca.
Belt Scale Opportunity with High Grade Lithium Assays at Initial Drill Target Area
TORONTO, ON / ACCESSWIRE / January 19, 2024 / Grid Metals Corp (TSXV:GRDM)(OTCQB:MSMGF) (the "Company") today announced that it has received exploration permits and will immediately commence exploration drilling at its Falcon West Lithium Property (the "Property"), which is located approximately 110 km east of Winnipeg, Manitoba and 100 km south of the Company’s Donner Lake lithium property. The initial target area hosts high grade lithium and cesium mineralization in historical drill core. Approximately 2,000 meters of drilling are planned in the initial phase of the program.
Falcon West is a belt scale (61,268 hectares and ~90 km of strike length) lithium and rare metal property. It is located in the West Hawk Lake Greenstone Belt and hosted in mafic volcanics rocks present at the contact between the Wabigoon and Winnipeg River geological sub provinces. This important geological contact hosts several significant lithium deposits and occurrences including the Mavis Lake deposit. The West Hawk Lake Greenstone Belt is the next prospective greenstone belt to the south of the Bird River Greenstone Belt that hosts the world class large Tanco Pegmatite – one of the most evolved pegmatite known globally which hosts the producing Tanco Lithium and Rare Metals Mine. As of 1983, Tanco had spodumene reserves of 7,300,00 tons grading 2.76% Li2O.
The drill program will commence at the Artdon-Lucy (‘ADL’) target area of the Property, at which several historical drill programs intersected near surface pegmatites locally containing high lithium grades that are associated with spodumene. Historical drill highlights include 12 m at 2.2% Li2O and 12m at 1.8% Li2O.
Above-Greenstone belts and lithium resources in the southeastern area of Manitoba. The Donner Lake Resource (Grid Metals Corp. 75%) and Tanco Resource are on the north and south limbs, respectively, of the Bird River Greenstone Belt. The Falcon West Property (100% Grid Metals) covers the majority of the West Hawk Greenstone Belt that has seen very little prior exploration for lithium despite the fact that it occurs along the regionally extensive and highly prospective Winnipeg River – Wabigoon Province boundary.
Above: Geology of the West Hawk Lake Greenstone Belt showing the ADL Target area where lithium and rare metal pegmatites are hosted in the mafic volcanic rocks.
The ADL target area is approximately 110 km from Winnipeg and is transected by the Trans-Canada Highway and a major rail line giving the Property direct access to critical infrastructure.
The initial drill program will comprise approximately 2,000 meters. The program will attempt to (1) establish the orientation and continuity of several known lithium spodumene bearing pegmatites and, (2) increase the overall understanding of the pegmatite emplacement, fractionation and zonation trends. The ADL area being explored is approximately 1 km area in strike length.
Falcon West is part of Grid’s goal of building a large lithium (spodumene) resource base in the southeast Manitoba region that could support long-term spodumene concentrate production to help feed the rapidly expanding North American lithium battery manufacturing sector.
ADL Target Area
Spodumene-bearing pegmatites assaying up to 3.51% Li2O over 4.57 metres within a 12.2 metre section assaying 2.16% Li2O are noted in historical drill hole records from the Lucy (eastern) Pegmatite part of the area (Manitoba Mineral Inventory Card #119, Hole 24, East Braintree Lithium Corp.).
Most of the historical lithium-enriched pegmatite drill intersections are within a few metres to tens of metres from surface with two pegmatites ( Lucy and Artdon) outcropping at surface.
A non-compliant, historical resource* of 226,800 tonnes of 1.75 % Li2O was estimated on a portion of the Lucy Pegmatite which is part of the Property.
The Lucy Pegmatite has been described as being mineralogically and geochemically zoned, flat lying, extremely fractionated and broadly similar to the world class Tanco Pegmatite (Manitoba Assessment File #94845)
Validation outcrop sampling of the Artdon pegmatite, located ~1 km along strike from the Lucy pegmatite, was completed by Grid in 2023 and returned individual grab sample grades of up to 2.97% Li2O.
Analysis of previously unassayed drill core from a 2012 drill program at the Lucy Pegmatite returned several intersections of high-grade lithium and cesium (see Grid Metals Corp. Press Release dated. ( March 28, 2023).
To the Company’s knowledge, there has been no historical lithium exploration work on the Property outside the immediate ADL target area.
Grid Metals controls 100% of the mineral rights for the Property with a 2% NSR royalty held by the vendors of the ADL target area claims but with no NSR royalty on the majority of the Falcon West claims.
The Property is located approximately 110 km west of Winnipeg and 100 km south of Grid’s Donner Lake lithium project and features excellent infrastructure including the Trans-Canada Highway, major trans-continental rail lines and hydro-electric power lines.
* Source: Manitoba Inventory Card #119. Note that the Company’s QP for lithium exploration, Mr. Carey Galeschuk, is not able to verify the accuracy of this estimate. Accordingly, the Company does not consider this historical resource as a current resource and is developing an exploration plan to support the estimate of a 43-101 compliant lithium resource for the ADL target area. The historical estimate was believed to be based on 48 drill holes completed by the East Braintree Lithium Corporation in 1955 that were drilled to a maximum depth of 80 metres (Bannatyne, 1985).
The exploration program at Falcon West will be supervised by Carey Galeschuk, P.Geo., who is an experienced lithium geologist with over two decades of exploration experience in pegmatites with Grid Metals, Tantalum Mining Corporation of Canada, and other companies. Grid Metals applies best practice quality assurance and quality control ("QAQC") protocols on all it’s exploration sampling.
Mr. Galeschuk has reviewed and approved the contents of this press release with respect to NI 43-101 reporting guidelines.
About Grid Metals Corp.
Grid Metals is focused on its lithium properties in southeastern Manitoba (Donner Lake and Falcon West). The Company has a lease agreement for the True North Gold Mill with the intention to convert the processing circuit to produce lithium spodumene concentrate and fast track its Donner Lake Lithium Project into production. The Company also has a PEA stage Ni-Cu-PGM-Co project (Makwa-Mayville) in southeastern Manitoba.
On Behalf of the Board of Grid Metals Corp.
For more information about the Company please see the Company website at www.gridmetalscorp.com or contact:
We seek safe harbour. This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario) (together, "forward-looking statements"). Such forward-looking statements include the Company’s closing of the proposed financial transactions, sale of royalty and property interests. the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward- looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risk, uncertainty of production and capital costs estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, metallurgical risk, currency fluctuations, fluctuations in the price of nickel, cobalt, copper and other metals, completion of economic evaluations, changes in project parameters as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company’s Management Discussion and Analysis for the most recent financial period and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.
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