Uranium

Bathurst Metal Corp. is pleased to announce the company has received  final assay results from the summer 2021 field exploration work on the Copper NickelCobaltPalladiumPlatinum McGregor Lake and Speers Lake properties in western Nunavut . The Company’s 100% owned property consists of 12 mineral claims covering 14,584.24 hectares. The properties are approximately 100 km south of Kugluktuk in the Kitikmeot ...

(TheNewswire)

Bathurst Metals Corp

Bathurst Metal Corp. (TSXV:BMV ) ( OTC:BMVVF) (" Bathurst " or the " Company ") is pleased to announce the company has received final assay results from the summer 2021 field exploration work on the Copper NickelCobaltPalladiumPlatinum McGregor Lake and Speers Lake properties in western Nunavut . The Company's 100% owned property consists of 12 mineral claims covering 14,584.24 hectares. The properties are approximately 100 km south of Kugluktuk in the Kitikmeot District of western Nunavut, Canada. These properties are considered to host layered disseminated to semi-massive sulphide primary mineralization and secondarily, structurally controlled, massive sulphides

Rock sampling some of the numerous gossans along the contact of a Proterozoic, ultramafic intrusive with Archean Age, metasediments has located high-grade copper, nickel and Palladium mineralization. As well, high concentrations of cobalt and platinum were also obtained. Highlights of Assay Results from the 2021 Summer Program from each area examined are enclosed below in Table # 1. Tables of each of the areas sampled and mapped are also posted within this release.

Table # 1 Highlights of Assay Results

Sample

Area

Cu %

Ni %

Co ppm

Pt ppm

Pd ppm

V996601

Speers Lake

1.55

0.57

589

0.53

1.1

V996619

E. Pump Lake

15.40

5.90

1550

0.69

11.8

V996621

E. Pump Lake

11.50

0.08

32.6

4.06

44.5

V996674

West Margin

5.66

0.02

24.9

0.15

4.18

V996670

Funnel

2.98

0.08

41.6

0.05

6.42

V996663

South Pyrrhotite Lake

2.38

0.85

1440

0.01

0.68

V996653

Val

0.90

0.63

871

0.01

0.06

Hardy Forzley, Chief Executive Officer of Bathurst Metals commented: "Our geological staff was able to confirm historical results but more importantly advance the structural setting of the known higher-grade mineralization. These properties have geological, structural and mineralogical similarities to and scale of the world class Norilsk-Talnakh deposits in northern Russia."

Purpose of 2021 Field Program

The purpose of the 2021 summer exploration program was to enable Bathurst to better understand the project's potential economics by undertaking s tructural mapping on cross cutting Proterozoic Age structures, the company employed three senior geologists to work on the project including Dr. Guowei Zhang, Ph.D., P.Geo. specialist in structural analysis. The team performed geologic mapping of potential favorable host basement assemblages, located historic drill hole collar locations and systematically sampled mineralization along the Archean basement and ultramafic intrusive complex contact. Based on the 2021 results, the company is evaluating the use of additional geophysical techniques to further develop the structural setting of mineralization prior to drilling.

Discussion on 2021 Program Results

Dr. Zhang was able to locate steeply dipping, generally east-west trending structures in the areas of known higher grade copper/nickel/cobalt/platinum and palladium mineralization. These structures are interpreted to be conduits for the remobilization of the mineralization and subsequent entrapment along the Proterozoic, ultramafic intrusive/Archean Age, metasedimentary contact.

Previous work and Dr. Zhang's recent studies support the concept that t he property shares a similar scale, geology and known mineralization style to the Norilsk-Talnakh in northern Russia , the largest-known nickel-copper-palladium deposit in the world. The two main ore types developed at Norilsk and Talnakh are disseminated sulphides within the differentiated gabbro-dolerite sills, principally on the lower margins of the mineralized zone where they occur as droplets forming sheet like conformable bodies up to 40 m thick. Grades there average 0.5 to 0.6% Ni, 0.6 to 0.7% Cu, and 5 to 6 g/t PGE. Secondly, there are m assive sulphides found principally on the lower contact of the mineralized sills, both within the enclosing rocks and to a lesser degree within the sill and are often separated from the sill by several metres of barren sediment or cupriferous mineralization. Sometimes massive sulfides are also found on the upper margin of the sill. In other locations the massive sulphides cut across the sill to its upper margins. Grades vary drastically with the sulphide assemblage but are of the order of 2.8% Ni, 5.6% Cu and 15 g/t PGE. At Norilsk there is evidence that the massive sulphides post date the disseminated sulphides. The total production + resource in the Noril'sk-Talnakh district are quoted by Naldrett (2004) at: 1.309 Gt @ 1.77% Ni, 3.57% Cu, 0.061% Co, 9.5 g/t PGE (including 1.84 g/t Pt, 7.31 g/t Pd).

The Company's 2021 a ssay results confirmed historic results and a significant number of historic drill collars were located and surveyed.

The enclosed Figure # 1 diagram outlines the areas rock sampled and structurally mapped during the 2021 field season. These areas were selected based on historical assay results and the outcrop exposures enabling the structural studies.

Figure # 1 – Location Map of Areas Sampled


Click Image To View Full Size

Discussion on Areas Sampled

Speers Lake Area

Sampling was restricted to outcrops along the ultramafic intrusive/meta-sediment contact as most of the intrusive does not outcrop. Sampling consisted of grab samples where mineralization was observed. Not previously recorded are the high concentrations of cobalt associated with the copper and nickel mineralization. Table # 2 lists the grab sample results from the 2021 program.

Table # 2 Speers Lake – 2021 Rock Sample Results

Sample

UTM E

UTM N

Cu %

Ni %

Co ppm

Pt ppm

Pd ppm

V996601

579668

7428454

1.55

0.57

589

0.53

1.1

V996602

579666

7428462

0.95

0.38

277

0.11

1.04

V996603

579739

7428126

0.94

0.34

1100

0.01

0.11

V996604

579678

7428405

0.59

0.30

591

0.04

0.15

V996605

579747

7428245

0.07

0.04

71.3

0.01

0.06

V996606

579738

7428659

0.90

0.62

1020

0.01

0.61

V996607

579738

7428784

0.91

0.36

398

0.04

0.33

V996608

579737

7428810

0.30

0.09

125

0.03

0.13

V996609

579746

7428999

0.66

0.32

718

0.14

V996610

579747

7429015

0.29

0.11

251

0.01

0.06

V996611

579758

7430134

0.09

0.14

111.5

0.02

0.07

V996612

579749

7430144

1.08

0.89

1665

0.31

V996613

579734

7430126

0.17

0.17

148.5

0.04

0.13

Listed below are some of the more significant precious and base metal assay results from historical geochemical rock sampling and diamond drilling.

Historical Rock Geochemistry – Grab Samples

Pt

Pd

Au

Cu

Ni

(g/tonne)

(g/tonne)

(g/tonne)

(%)

(%)

0.87

5.48

5.0

3.50

0.18

2.55

3.43

2.0

0.45

0.24

Historical Diamond Drilling – Diamond Drill Hole 87-S10 Assay Results

FROM

TO

THICKNESS

Pt

Pd

Au

Cu

Ni

(m)

(m)

(m)

(g/tonne)

(g/tonne)

(g/tonne)

(%)

(%)

94.40

95.10

0.70

1.94

38.45

6.03

1.18

3.89

107.23

107.63

0.40

5.57

52.71

1.41

0.22

3.79

*Thickness is core length; true width is unknown.

Figure # 2 provides the historic surface sample locations and results and shows the company's current mineral claims.

Figure # 2 Historic Pt+Pd+Au Rock Sample Results on McGregor Lake Property


Click Image To View Full Size

*Thickness is core or chip sample length; true width is unknown.

Tables 3 to 8 below outline all the samples collected in 2021 from the East Pump Lake, West Margin, Funnel, South Pyrrhotite Lake, East Pyrrhotite Lake and Vale Areas respectively. These areas are outlined in Figure #1. Assay results from these tables indicate a positive correlation between Nickel and Cobalt and Palladium with Copper.

Table # 3 - East Pump Lake

Sample

UTM E

UTM N

Cu %

Ni %

Co ppm

Pt ppm

Pd ppm

V996614

579531

7416049

0.32

0.21

117

0.01

0.2

V996615

579542

7416011

3.23

0.41

317

0.07

2.09

V996616

579540

7416012

1.78

0.20

157

0.07

0.63

V996617

579551

7415964

1.19

0.05

31.7

0.19

1.84

V996618

579553

7415966

0.19

0.01

4.1

0.02

V996619

579551

7415965

15.40

5.90

1550

0.69

11.8

V996620

579557

7415910

0.15

0.09

156

0.11

V996621

579486

7415682

1.66

1.19

1270

0.01

0.19

V996622

579531

7415631

0.32

0.03

21.6

0.03

0.76

V996623

579541

7415616

0.12

0.02

24.2

0.01

0.2

V996624

579531

7415582

0.40

0.27

227

0.06

0.68

V996625

579532

7415577

0.81

0.34

349

0.02

0.67

V996626

579544

741523

6.15

0.04

45.3

0.05

0.73

V996627

579561

7415474

0.46

0.05

1090

0.09

0.17

V996628

579524

7415516

0.61

0.99

636

0.07

0.57

V996629

579598

7415065

11.50

0.08

32.6

4.06

44.5

V996630

579596

7415046

0.52

0.27

280

0.04

0.42

V996631

579602

7415064

8.72

0.12

31.5

1.78

14.2

V996632

579599

7415060

1.09

0.79

1265

0.01

0.29

V996633

579574

7415251

9.98

0.31

205

0.13

0.29

V996634

579599

7415397

0.34

0.15

246

0.02

0.27

V996635

579629

7427824

1.22

0.62

791

0.14

1.02

V996636

579627

7427854

0.32

0.18

227

0.06

0.35

V996637

579634

7427901

0.39

0.12

317

0.03

0.08

Table # 4 - West Margin

Sample

UTM E

UTM N

Cu %

Ni %

Co ppm

Pt ppm

Pd ppm

V996671

578419

7408894

0.28

0.17

182

0.16

V996672

578432

7408860

2.90

1.17

1095

1.29

V996673

578430

7408823

1.39

0.51

460

0.37

1.73

V996674

578449

7408781

5.66

0.02

24.9

0.15

4.18

V996675

578462

7408736

0.79

0.81

828

0.05

0.33

V996676

578463

7408702

1.58

0.78

773

0.14

1.49

V996677

578523

7408483

1.17

0.05

36.8

0.02

1.24

V996678

578523

7408483

1.40

0.05

79

0.02

0.37

V996679

578529

7408464

0.16

0.11

240

0.02

0.18

V996680

578534

7408445

0.33

0.37

853

0.02

0.09

V996681

578567

7408407

1.64

0.88

1250

0.48

V996682

578558

7408577

0.66

0.43

675

0.04

0.29

V996683

578547

7408288

0.94

0.31

344

0.28

V996684

578643

7408072

1.63

0.82

805

0.79

V996685

578738

7407643

0.60

0.02

21.5

0.42

V996686

578638

7407922

0.65

0.51

657

0.03

0.26

Table # 5 Funnel Area

Sample

UTM E

UTM N

Cu %

Ni %

Co ppm

Pt ppm

Pd ppm

V996667

579844

7403324

0.75

0.44

496

0.01

0.16

V996668

579869

7403160

0.39

0.19

160

0.01

0.11

V996669

579869

7403157

0.40

0.16

124

0.01

0.16

V996670

579206

7403507

2.98

0.08

41.6

0.05

6.42

V996687

580395

7402059

0.48

0.23

293

0.02

0.25

V996688

580415

7402013

2.26

0.30

371

0.08

1.34

V996689

580492

7401836

0.19

0.09

159.5

0.01

0.14

V996690

580523

7401730

1.71

0.85

350

0.04

1.23

V996691

580563

7401562

0.26

0.04

35.6

0.04

0.34

V996692

580568

7401559

0.31

0.13

327

0.01

0.09

V996693

581514

7401871

0.28

0.11

106

0.02

0.28

V996694

581516

7401950

0.18

0.12

198.5

0.1

V996695

581503

7401994

0.61

0.19

89.2

0.08

0.79

V996696

581517

7402045

1.32

0.37

193

0.11

0.64

V996697

581504

7402070

1.13

0.32

207

0.12

0.87

V996698

581498

7402217

0.31

0.07

48.1

0.04

0.31

V996699

581486

7402257

0.26

0.12

149.5

0.01

0.17

Table # 6 - South Pyrrhotite Lake

SAMPLE

UTM E

UTM N

Cu %

Ni %

Co ppm

Pt ppm

Pd ppm

V996656

580775

7406662

0.74

0.42

604

0.15

V996657

580753

7406811

1.24

0.53

1050

0.01

0.2

V996658

580754

7406884

0.44

0.10

82

0.04

0.41

V996659

580795

7407094

0.64

0.45

664

0.04

0.33

V996660

580784

7407250

0.54

0.21

512

0.01

0.07

V996661

580781

7407318

0.34

0.11

285

0.04

V996662

580786

7407393

0.23

0.10

192

0.01

0.06

V996663

580785

7407422

2.38

0.85

1440

0.01

0.68

V996664

580795

7407514

1.02

0.53

748

0.13

1.64

V996665

580783

7407530

0.61

0.44

590

0.02

0.29

V996666

580758

7407715

0.77

0.45

614

0.01

0.24

Table # 7 - East Pyrrhotite Lake

Sample

UTM E

UTM N

Cu %

Ni %

Co ppm

Pt ppm

Pd ppm

V996639

580642

7410489

1.85

1.72

2220

0.07

0.59

V996640

580725

7410219

1.13

0.03

27.5

0.17

1.22

V996641

580752

7410160

3.01

0.03

27

0.08

0.4

V996642

580756

7410137

0.09

0.05

75.9

0.06

V996643

580755

7410120

0.45

0.14

90

0.05

0.49

V996644

580764

7410106

0.32

0.44

53.2

0.03

0.28

V996645

580786

7410020

0.39

0.48

39.7

0.02

0.14

Table # 8 - Val Area

Sample

UTM E

UTM N

Cu %

Ni %

Co ppm

Pt ppm

Pd ppm

V996646

580967

7405311

0.62

0.41

666

0.02

0.14

V996647

580966

7405299

0.54

0.32

392

0.02

0.21

V996648

580978

7405216

0.36

0.12

113.5

0.02

0.22

V996649

581018

7405172

1.09

0.16

147

0.15

1.22

V996650

580996

740933

0.11

0.03

133

0.01

0.03

V996651

581216

7404177

0.65

0.35

643

0.08

V996652

581217

7404163

0.27

0.09

187.5

0.05

V996653

581232

7404040

0.90

0.63

871

0.01

0.06

V996654

581237

7403967

0.71

0.60

1195

0.02

0.29

V996655

581254

7403801

1.33

0.32

308

0.11

0.6

Historic Exploration Drilling Programs

The companies' project covers the southern exposure of the Proterozoic, Layered Muskox Ultramafic Intrusive (LMUI). The LMUI outcrops over 80 kilometers along strike and could be one of the largest layered, ultramafic complexes in the world based on regional airborne surveys. The region has received only sporadic, systematic exploration since its first discovery and exploration by Inco in the late 1950's. Additional systematic exploration was not conducted again until the 1980's and in 1999 to 2007. Several rounds of geochemical, geophysical, geological mapping and limited diamond drilling have been undertaken on the property. These studies have been able to define at least two sulphide pulses associated with the emplacement of the LMUI. These pulses both contain high nickel and copper concentrations with associated precious metals (see November 12, 2020 news release).

Stratiform, layered mineralization is known to occur in one of the early pulses of magma from the ultramafic, layered intrusive complex. Mineralization in the form of pyrrhotite, pentlandite, chalcopyrite are the more common minerals observed. Concentrations of Copper, Nickel, Platinum, Palladium, and Cobalt occur within this horizon that extends for over 40 kilometres. Key evidence and similarities to Norilsk indicate the massive sulphide mineralization is a later event than the disseminated mineralization at McGregor Lake and the mineralization appears to be occurring in near vertical structures. Exploration of the massive sulphides in previous drilling programs on the property has been predominantly vertical holes, therefore difficult to properly evaluate.

Remobilized mineralization is also present and might have occurred due to the emplacement of later Proterozoic diabase dykes. Below in Table # 9 are some of the more significant, historical precious metal assay results from surface rock sampling. Exceptionally high, precious metals values for primary layered intrusive style mineralization. Previous exploration programs focused on primary mineralization, with no consideration towards secondary remobilization and precious metal enrichments along known, steeply dipping structures.

Table # 9 Historical Assays

Pd

Pt

Au

Length

g/tonne

g/tonne

g/tonne

Metres

126.59

11.52

5.6

0.76

28.3

3.11

1.24

0.21

74.96

4.04

4.35

0.55

16.8

1.84

0.62

0.66

90.82

6.84

5.6

0.21

134.99

9.02

5.91

0.37

Quality Assurance/Quality Control Rock Samples

All rock samples were collected by professional geoscientists. Samples were placed in plastic sample bags with samples tags placed in each bag before being sealed. Samples were transported to the field camp site and later to the ALS sample preparation facility in Yellowknife under the supervision of a professional geoscientist. The Yellowknife sample preparation laboratory crushed and pulverized samples then used a riffle splitter to obtain up to 85 per cent of a 250-gram sample passing through 75-micrometre screen. The pulverized samples were then securely transported to their laboratory in Vancouver and analyzed using procedure ME MS41 (ultra trace aqua regia ICP-MS (inductively coupled plasma mass spectrometry)) followed by a four acid digestion procedure (ME-062 ICP-AES for ore grade elements and finally an Ni-OG62 procedure for higher grade nickel.

Qualified Person

Lorne Warner, P.Geo, is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the scientific and technical disclosure in this news release.

On behalf of the Board of Directors

"Harold Forzley" CEO Bathurst M etals Corp.

For more information contact Harold Forzley, CEO

hardy@bathurstmetals.com

Neither 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.

Forward Looking Statements

Certain of the statements made and information contained herein may contain forward- looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information concerning the Company's intentions with respect to the development of its mineral properties. Forward-looking information is based on the views, opinions, intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information.

BATHURST METALS CORP.

665 DOUGALL ROAD, GIBSONS, BC, V0N 1V8 WWW.BATHURSTMETALS.COM

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Bathurst Metals Corp Stakes Mineral Claim near McGregor Lake Property

Bathurst Metals Corp Stakes Mineral Claim near McGregor Lake Property

(TheNewswire)

Bathurst Metals Corp

Bathurst Metal Corp. (TSXV : BMV ) ( OTC:BMVVF) (" Bathurst " or the " Company ") is pleased to announce the acquisition by staking of a mineral claim totaling 960 Ha in close proximity to the Company's McGregor Lake Project. The Company's 100% owned property is approximately 100 km south of Kugluktuk in Nunavut. The new property covers three known uranium occurrences with values reported up to 0.95% uranium. The uranium mineralization is typically fracture controlled, pitchblende and uranoplane associated with quartz +- galena hosted in Hornby Group Sandstones

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CORRECTION FROM SOURCE: InvestmentPitch Media Video Discusses Bathurst Metals' New Assays from 2021 Field Work in Western Nunavut including 15.4% copper, 5.9% nickel, 1550 ppm cobalt, 4.06 ppm platinum and 44.5 ppm palladium - Video Available on Investmentpitch.com

Bathurst Metals Corp. (TSXV: BMV) (FSE: J1Q) (OTC Pink: BMVVF) announced the final assay results from the summer 2021 field exploration work on its copper-nickel-cobalt-palladium-platinum McGregor Lake and Speers Lake properties in western Nunavut.

For more information, please view the InvestmentPitch Media "video" which provides additional information about this news and the company along with video comments by President Lorne Warner, who discusses the significance of today's news. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Bathurst Metals" in the search box.

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Bathurst Metals Corp. (TSXV: BMV) (FSE: J1Q) (OTC Pink: BMVVF) announced the final assay results from the summer 2021 field exploration work on its copper-nickel-cobalt-palladium-platinum McGregor Lake and Speers Lake properties in western Nunavut.

For more information, please view the InvestmentPitch Media "video" which provides additional information about this news and the company along with video comments by President Lorne Warner, who discusses the significance of today's news. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Bathurst Metals" in the search box.

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NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce radioactivity results and the completion of the 2021 field programs that focused on exploration and a detailed geotechnical site confirmation program at the Arrow Deposit ("Arrow" or the "Project") at the 100% owned, Rook I property, in the Athabasca Basin, Saskatchewan .

2021 Exploration Program Highlights:

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Recommencement Of Field Program At Thor Isr Uranium Project

GTI Resources Ltd (GTI or Company) is pleased to advise that the 2022 work program is scheduled to commence the week of January 31 with field reconnaissance and drilling preparation now underway at the Thor ISR uranium project in Wyoming’s Great Divide basin (Figure1). Two mud rotary drill rigs will be re‐mobilised in the coming weeks subject to conditions, to complete the remaining ~60 holes of a planned 50,000‐foot (~15,000m) ~100‐hole maiden drill program at Thor1.

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CanAlaska Deals Further Three Uranium Projects for AUD$15M

CanAlaska Deals Further Three Uranium Projects for AUD$15M

Basin Energy has Staged Option to Earn up to 80% Interest in Two Properties and Additional Option to Earn up to 100% in One Property

Focus on High-Grade Eastern Athabasca Basement and Unconformity Uranium Targets

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Release - CanAlaska Deals Further Three Uranium Projects for AUD$15M

Release - CanAlaska Deals Further Three Uranium Projects for AUD$15M

Vancouver, Canada, January 26, 2022 CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQB: CVVUF; Frankfurt: DH7N) ("CanAlaska" or the "Company") is pleased to announce it has entered into a Letter of Intent ("LOI") with Basin Energy Limited ("Basin Energy"), an Australian unlisted public company, to allow Basin Energy to earn up to an 80% interest in CanAlaska's 100%-owned North Millennium and Geikie projects, and a 100% interest in CanAlaska's 100%-owned Marshall project. These projects total 50,994.56 hectares in the Eastern Athabasca Basin in Saskatchewan, Canada Read More >>

News Provided by Channelchek via QuoteMedia

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GTI Activities Report, December Quarter 2021

GTI Resources Limited (GTI or the Company) is pleased to report on its activities for the December 2021 quarter.

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Are Thorium Reactors the Future of Nuclear Energy?

The world’s energy needs are expected to skyrocket thanks to population growth and higher demand from developing nations, making thorium reactors increasingly appealing.

Nuclear energy is considered by some to be green energy because it does not produce direct carbon dioxide emissions, unlike fossil fuels, which contribute to air and water pollution.

Over the last decade, more countries around the world have turned to nuclear as an energy source, integrating nuclear energy into their energy grids, specifically to produce electricity.

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