Base Metals

Kiplin Metals Inc.

Kiplin Metals Comments on Fission 3.0 Activities Near Cluff Lake Road Uranium Project, Saskatchewan

(TheNewswire)

Kiplin Metals Inc.

December 15 th 2022 TheNewswire - Kiplin Metals Inc. (TSXV:KIP) (the " Company " or " Kiplin ") comments on recent results announced by Fission 3.0 Corp. (" Fission ") on their Patterson Lake North (" PLN ") Project, immediately adjacent to the Company's Cluff Lake Road (" CLR ") Uranium Project, located in northwestern Saskatchewan.

The CLR Project covers ~531 hectares in the southwestern Athabasca Basin in northern Saskatchewan, where several new discoveries, including the Arrow and Tripe R Uranium deposits have been made.

  • On November 21 st and 30 th , 2022 Fission reported a new high-grade uranium discovery in hole PLN22-035 on the PLN Project on the A1 conductor (ground ("EM") electro-magnetic survey), which intersected 3.48 metres of total composite mineralization with greater than 10,000 counts per second, including 2.5 metres of total off-scale radioactivity (greater than 65,535 counts per second), occurring as pitchblende patches. The Fission drill hole PLN22-035 is located approximately 15 kilometres South-Southwest of the Company's CLR Project.

  • Fission has also reported (March 2, 2022) on the North Conductor Complex ", a series of parallel North-Northwest conductors located immediately west of the Company's CLR Project. The strike direction of the A1 and the North Conductor Complex is very similar. The North Conductor Complex comprises three parallel conductors over a width of 1.0 kilometre. The eastern conductor ends at the CLR west boundary and would extend onto the Project. The middle conductor ends about 100 meters west the CLR boundary. There is potential for all three North Conductors identified by Fission to continue and extend on the CLR Project.

  • Fission completed one drill hole ( PLN22-029) on the western-most of the North Conductor Complex (March 2, 2022) and reported the Athabasca sandstone unconformity was intersected at a depth of 675.9 metres and the drill hole intersected multiple structures in the basement gneisses within a 91 metre core interval that were strongly graphitic in very broken sections of core that display cataclastic and mylonitic textures indicative of both ductile shearing and brittle faulting.

The new uranium discovery by Fission related to the North-Northwest A-1 ground EM conductor is very encouraging, and the North Conductor Complex also identified by Fission, with a similar strike and which trends onto the CLR Project, represents a high priority drill target for the Company in 2023.


Click Image To View Full Size

The Company is the beneficiary of a 100% interest in the Cluff Lake Road Uranium Project and controls all exploration and development of the Project. The recently completed exploration program will assist in defining drill targets. The Company is applying for the requisite permits and expects to be drilling when permits are received. Readers are cautioned that the presence of mineralization in areas adjacent to those held by the Company is not necessarily indicative of mineralization that may existing on property held by the Company.

Dr. Peter Born, P.Geo., is the designated qualified person as defined by National Instrument 43-101 and is responsible for, and has approved, the technical information contained in this release.

About Kiplin Metals Inc.

Kiplin Metals Inc. is a mineral exploration company. We create value for our shareholders by identifying and developing highly prospective mineral exploration opportunities. Our strategy is to advance our projects from discovery all the way to production. This vertically integrated strategy allows Kiplin Metals to achieve exceptional shareholder value through the entire life-cycle of the mining process.

Cluff Lake Road Uranium Project. Kiplin Metals has the right to earn a one-hundred percent interest in the Cluff Lake Road Uranium Project (the "CLR Project"). The CLR Project covers ~531ha in the southwestern Athabasca Basin in northern Saskatchewan, where several new discoveries, including the Arrow and Tripe R Uranium deposits have been made. The CLR Project is 5 km east of the Cluff Lake Road (Hwy 955), which leads to the historic Cluff Lake Mine, which historically produced approximately 62,000,000lbs of yellowcake uranium.

Exxeter Gold Project covers an area of 715ha located in Val d'Or Quebec, one of the premier gold camps in the world which produced over 113.4M oz Au by the end of 2019. The project covers 3.8km of the Cadillac Tectonic zone, which is the principal geologic structure responsible for cold mineralization in the Val d'Or.

For further information, contact the Company at info@kiplinmetals.com , or visit the Company's website at www.kiplinmetals.com .

On behalf of the Board,

Kiplin Metals Inc.

For further information, contact the Company at 604-622-1199.

On behalf of the Board of Directors,

"Peter Born"

Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

Copyright (c) 2022 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

KIP:CA
The Conversation (0)
Kiplin Metals Inc.

Kiplin Metals Updates Exploration Activities on the Cluff Lake Road Uranium Project, Saskatchewan

(TheNewswire)

Kiplin Metals Inc.

November 22 nd 2022 TheNewswire - Kiplin Metals Inc. (TSXV:KIP) (the " Company " or " Kiplin ") provides update on additional exploration activities completed on the Company's Cluff Lake Road (CLR Project) Uranium Project in northwestern Saskatchewan. The CLR Project covers ~531 hectares in the southwestern Athabasca Basin in northern Saskatchewan, where several new discoveries, including the Arrow and Tripe R Uranium deposits have been made. The CLR Project is completely surrounded by Fission 3.0 Corp's high profile Paterson Lake North (PLN) Project.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Kiplin Metals Inc.

Kiplin Metals Welcomes $1 Billion Government Support for Development of SMR

(TheNewswire)

Kiplin Metals Inc.

October 27 th 2022 TheNewswire - Kiplin Metals Inc. (TSXV:KIP) (OTC:ALDVF) (the " Company " or " Kiplin ") welcomes the recent announcement (Tuesday, October 25 th 2022) that Canada will provide nearly $1 billion (C$970 million) in financing to develop a grid-scale small modular reactor (SMR), a new nuclear technology touted as a key part of the country's plans to reduce emissions, Natural Resources Minister Jonathan Wilkinson.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Kiplin Metals Inc.

KIPLIN METALS Reports on Exploration Activities on the Cluff Lake Road Uranium Project, Saskatchewan

(TheNewswire)

Kiplin Metals Inc.

October 4 th 2022 TheNewswire - Kiplin Metals Inc. (TSXV:KIP) (the " Company " or " Kiplin ") announces completion of its exploration program on the Company's Cluff Lake Road (CLR) Uranium Project in northwestern Saskatchewan. The CLR Project covers ~531ha in the southwestern Athabasca Basin in northern Saskatchewan, where several new discoveries, including the Arrow and Tripe R Uranium deposits have been made. The CLR Project is completely surrounded by Fission 3.0 Corp.'s high profile Paterson Lake North ("PLN") Project.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Kiplin Metals Inc.

KIPLIN METALS Receives Permit for its Cluff Lake Road Uranium Project in Athabasca, Saskatchewan, Canada

(TheNewswire)

Kiplin Metals Inc.

September 12 th 2022 TheNewswire - Kiplin Metals Inc. (TSXV:KIP) (the " Company " or " Kiplin ") announces that the Company has received the requisite exploration permits for its upcoming geophysical survey program at the Company's Cluff Lake Road (CLR) Uranium Project in northwestern Saskatchewan. The Company is the beneficiary of a 100% interest in the Cluff Lake Road Uranium Project and controls all exploration and development of the Project at this time.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Kiplin Metals Inc.

Kiplin Metals Establishes Saskatchewan Subsidiary for Continued Development of Cluff Lake Road Athabasca, Saskatchewan, Canada

(TheNewswire)

Kiplin Metals Inc.

September 6 th 2022 TheNewswire - Kiplin Metals Inc. (TSXV:KIP) (OTC:ALDVF) (the " Company " or " Kiplin ") announces that the Company has established a wholly owned Saskatchewan subsidiary, Kiplin Metals Inc. Saskatchewan. Going forward, the subsidiary will hold all of the Company's permits, and operating assets for the development of its Cluff Lake Road Uranium Project, located in Athabasca, Saskatchewan. The Company is in final stages of securing the needed permits to conduct its upcoming work program consisting of up to a 40-line kilometers survey, in a roughly east west direction, the results of which will be integrated with data from previous surveys. The survey will define drill targets which are prioritized by radon gas soil anomalies, identified within interpreted faults. The Company expects to commence drilling shortly after receipt of permits.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

First Quantum Announces Redemption of $400 Million Outstanding 2024 Notes

(In United States dollars, except where noted otherwise)

First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM) today announced that it intends to issue a notice of redemption on March 17, 2023 for its $400 million outstanding 6.500% Senior Notes due March 2024 (Rule 144A: ISIN US335934AP02; CUSIP 335934AP0; Reg S: ISIN USC3535CAH19; CUSIP C3535CAH1) (the "2024 Notes") to be redeemed on March 28, 2023.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Teck's Trail Operations Commits to the Zinc Mark

Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") today announced Teck Trail Operations has committed to the Zinc Mark. The Zinc Mark is part of the Copper Mark's multi-metals approach using the Copper Mark assurance framework, a framework which aims to promote responsible production practices and demonstrate the industry commitment to the United Nations Sustainable Development Goals.

"Zinc has a critical role to play in the transition to a low-carbon economy. It is used for renewable energy storage and galvanizes the steel needed in everything from transit lines to wind turbines, making clean infrastructure last longer – and therefore more sustainable," said Jonathan Price, CEO of Teck. "Participating in the Zinc Mark is part of our ongoing work to ensure responsible zinc production for our customers and local communities."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Ivanhoe Mines Files a New NI 43-101 Technical Report for the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo

Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) announced today that the company has filed a new National Instrument 43-101 (NI 43-101) technical report covering the Kamoa-Kakula 2023 Integrated Development Plan (2023 IDP) for the world-leading Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC).

The 2023 IDP consists of a Pre-Feasibility Study (Kamoa-Kakula 2023 PFS) for the Phase 3 and Phase 4 expansions of the Kamoa-Kakula Copper Complex over a 33-year mine life, as well as an updated Preliminary Economic Assessment (Kamoa-Kakula 2023 PEA) that includes a life-of-mine extension case to 42 years overall. The Kamoa-Kakula 2023 PFS evaluates a staged increase in production capacity at Kamoa-Kakula from the current nominal throughput rate of 7.6 million tonnes per annum (Mtpa) up to a total of 19.2 Mtpa by 2030.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Teck Reports 2022 Sustainability Performance

Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") announced today the release of our 22 nd annual Sustainability Report, highlighting our performance in 2022 and progress on our sustainability strategy goals.

"Environmentally and socially responsible mining is core to our approach to business," said Jonathan Price, CEO. "At Teck, we are committed to responsibly producing the critical minerals essential to the low-carbon future, while maintaining a high standard of sustainable performance. I am pleased to share our 2022 Sustainability Report, in which we detail progress in areas including health & safety, climate action, diversity, biodiversity and more."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×