Underground Inspection of Eagle Vein Does Not Disappoint

Underground Inspection of Eagle Vein Does Not Disappoint

Fabled Copper Corp. ("Fabled Copper" or the "Company") (CSE:FABL)(FSE:XZ7) announces the results of 2021 surface field work on its Muskwa Copper Project. See Figure 1 below

Figure 1 - General Property Location

Fabled Copper Corp., Wednesday, May 25, 2022, Press release picture

The Project is comprised of the Neil Property and the Toro Property in British Columbia. The Company also holds rights to the Bronson Property. See Figure 2 below.

Figure 2 - Location Map

Fabled Copper Corp., Wednesday, May 25, 2022, Press release picture

Peter Hawley, President, CEO reports; "A total of 19 specific areas were mapped and prospected during the 2021 field season and we started the New Year by reporting our findings on the Lady Luck occurrence in the south end of the Neil Property, followed by the Mac; the 8A, Harris, the 2a and 2b, the Creek, Keays south, Belcher Creek, the Magnum Mine UAV Done Mission, the Magnum, the Neil UAV Drone Mission, the Neil, EM-1, Ram Creek, Davis Keays Eagle UAV Drone Mission, sampling, surface geophysics and now the underground inspection of the 6950 level of the Davis Keays Eagle Vein." See Figure 3 below.

Figure 3 - Neil Property, Davis Keays Eagle Location

Fabled Copper Corp., Wednesday, May 25, 2022, Press release picture

Preamble

Minor follow-up exploration activity took place during the 1950s and early 1960s, with activity increasing significantly during the late 1960s and early 1970s. The work resulted in recognition of numerous copper occurrences within the Neil Property, the most significant of which are the Magnum Vein (Churchill Copper) and the Eagle Vein (Davis Keays). The Lady vein system at the Lady Luck Occurrence also received minor underground development work from 1969 - 1970. See Figure 4 below

Figure 4 - Neil Property, Davis Keays Eagle Mine

Fabled Copper Corp., Wednesday, May 25, 2022, Press release picture

More details on the past history, 2021 UAV drone mission, sampling and surface geophysics have been made public in the April 27th, May 4th and May 11th releases.

In addition to owning the complete copy of the " Davis-Keays Feasibility Report " dated May 1970 authored by A.J. MacDonald P. Eng. and R.J. Davies P. Eng. with all maps, figures and tables. The Company also has in its position all detailed sampling and mapping on each level at a detailed scale of 1 inch = 20 feet. See Photo 1 below.

Photo 1 - Davis-Keays Feasibility Report

Fabled Copper Corp., Wednesday, May 25, 2022, Press release picture

Interesting to note on the front cover is a photo insert with caption "Chalcopyrite Exposure in the Eagle Vein at the 6400 Level." See Photo 1 above

In early July 2021, various attempts were made to enter into the Davis Keays Eagle vein deposit by the entrances to adits 6,950, 6,400 and 5,940 which access the deposit. Due rock, ice and snow over the various level entrances access was not possible.

It was decided that the 6950 adit would be attempted with the goals being the following;

  • To inspect the underground access and complete a safety check for ground conditions.
  • To visually inspect mineralization and to determine if past sampling and assay results coincide with the amount of copper mineralization present over the width exposed.
  • To use a measuring chain to remap the various level cross cuts, drill bays, raises and length of the drift and compare to previous data
  • To document the findings and compare to the past sampling data. See Figure 5 below.

Figure 5 - Past 6950 Level assays results from Channel Sampling

Fabled Copper Corp., Wednesday, May 25, 2022, Press release picture

On August 2, 2022 the CEO and Project team leader gained entry into the 6950 Level for a distance of 420 meters. The first 300 meters had a 6-foot ice plug which decreases in depth the deeper into the workings you go. Later in the month additional entries with the team for structural measurement, mapping was performed over a distance of 935 meters. A cool wind can be felt from the exit of the level approximately 300 meters further on. See Photos 2, 3 below.

Photo 2 - 6950 Level Entrance

Fabled Copper Corp., Wednesday, May 25, 2022, Press release picture

As you can see below, massive chalcopyrite mineralization was encountered at the exact location where past underground sampling reported high grade values. See Figure 5 above and Photo 3 below.

Photo 3- Massive Chalcopyrite in 6950 Level

Fabled Copper Corp., Wednesday, May 25, 2022, Press release picture

Photo 4 below of 2 meters of vertically exposed massive chalcopyrite clearly shows the ice plug approximately one third up the wall with the rock hammer for scale.

Photo 4 - 6950 Level Wall of Chalcopyrite

Fabled Copper Corp., Wednesday, May 25, 2022, Press release picture

Further exposures of the mineralization are clearly defined along the drift and the rock faces are very fresh as not coated with exhaust or dust. Note that this rock has been exposed to the elements since early 1970's. See Photos 5, 6 below.

Photo 5 - 6950 Level Wall of Chalcopyrite and along the Back (Roof)

Fabled Copper Corp., Wednesday, May 25, 2022, Press release picture

Photo 6 - 6950 Level Example of Pure Massive Chalcopyrite

Fabled Copper Corp., Wednesday, May 25, 2022, Press release picture

As seen below the 3-meter-wide Eagle vein is well defined on the roof (back) with a near vertical dip. Note ice plug on the floor. See Photos 7, 8, 9 below.

Photo 7 - Level 6950 3-meter Eagle quartz vein exposed on the back (roof) of the drift

Fabled Copper Corp., Wednesday, May 25, 2022, Press release picture

Photo 8 - Level 6950, Examples of Eagle Veining on back (roof)

Fabled Copper Corp., Wednesday, May 25, 2022, Press release picture

On the 6950 level, the air holding tank for use with the compressor and jack legs for drilling was discovered at the 656-meter distance where no ice remains in the drift and, approximately 110 meters from the entry point the explosive magazine was encountered.

Photo 9 - 6950 Level, Air Holding Tank and Explosives Magazine

Fabled Copper Corp., Wednesday, May 25, 2022, Press release picture

Once all the data was collected and past plans verified as being accurate, the entrance was closed off till the 2022 season and covered with wood timbers and a bright tarp for visual locating. In addition, base station GPS coordinate was taken not only for relocation but also as a NAD 83 GIS locator point for the mine measurement taken. See Photo 10 below.

Photo 10 - Level 6950 entrance closure and GPS Location

Fabled Copper Corp., Wednesday, May 25, 2022, Press release picture

As with all our data points, photos, samples and assays the location and related photos, measurement were geotagged and entered into a GIS based .kml, kmz. Format and can be plotted on Google Earth for further reference. See Photo 11 below.

Photo 11 - 6950 Level Closure and GPS Location Geotagged

Fabled Copper Corp., Wednesday, May 25, 2022, Press release picture

Going Forwards

The final release from the Neil Property will be the Davis Keays structural interpretation on the area and by applying the viewed third dimension underground controls plus what we found from surface will be forth coming in the following weeks.

QA QC Procedure

Analytical results of sampling reported by Fabled Copper Corp represent rock samples submitted by Fabled Copper Corp staff directly to ALS Chemex, Vancouver, British Columbia Canada. Samples were crushed, split, and pulverized as per ALS Chemex method PREP-31, then analyzed for ME-ICP61 33 element package by four acid digestion with ICP-AES Finish. ME-GRA21 method for Au and Ag by fire assay and gravimetric finish, 30g nominal sample weight.

Over Limit Methods

For samples triggering precious metal over-limit thresholds of 10 g/t Au or 100 g/t Ag, the following is being used:

Au-GRA21 Au by fire assay and gravimetric finish with 30 g sample.

Ag-GRA21 Ag by fire assay and gravimetric finish.

Fabled Copper Corp. monitors QA/QC using commercially sourced standards and locally sourced blank materials inserted within the sample sequence at regular intervals.

About Fabled Copper Corp.

Fabled Copper is a junior mining exploration company. Its current focus is to creating value for stakeholders through the exploration and development of its existing copper properties located in northern British Columbia. The Muskwa Project comprises a total of 76 claims in two non-contiguous blocks and totals approximately 8,064.9 hectares, located in the Liard Mining Division in northern British Columbia.

Mr. Peter J. Hawley, President and C.E.O.
Fabled Copper Corp.
Phone: (819) 316-0919
peter@fabledcopper.org

For further information please contact:

info@fabledcopper.org

The technical information contained in this news release has been approved by Peter J. Hawley, P.Geo. President and C.E.O. of Fabled, who is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains any required regulatory approvals.

Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.

SOURCE:Fabled Copper Corp.



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Western Copper and Gold Corporation logo (CNW Group/Western Copper and Gold Corporation)

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ABOUT western copper and gold corporation

western copper and gold corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.

The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino project, using internationally recognized responsible mining technologies and practices.

For more information, visit www.westerncopperandgold.com .

On behalf of the board,

"Sandeep Singh"

Sandeep Singh
Chief Executive Officer
western copper and gold corporation

Cautionary Disclaimer Regarding Forward-Looking Statements and Information

This news release contains certain forward-looking statements concerning anticipated developments in Western's operations in future periods. Statements that are not historical fact are "forward-looking statements" as that term is defined in the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" as that term is defined in National Instrument 51-102 ("NI 51-102") of the Canadian Securities Administrators (collectively, "forward-looking statements"). Certain forward-looking information should also be considered future-oriented financial information ("FOFI") as that term is defined in NI 51-102. The purpose of disclosing FOFI is to provide a general overview of management's expectations regarding the anticipated results of operations and capital expenditures and readers are cautioned that FOFI may not be appropriate for other purposes. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved. These forward-looking statements may include, but are not limited to, statements regarding: mineral resource and reserve estimation; mine plan and operations; internal rate of return; sensitivities; net present value; potential recoveries; design parameters; economic potential; processing mineralized material; the potential of robust economics at Casino ; advancing the Project through additional engineering and towards the next step in permitting and submission of an environmental and socio-economic effects statement; key changes to the TMF design; increases to the gold recovery in the heap leach; potential economic returns from the Project; estimated initial capital investment costs; estimated operating costs; estimated mining costs; development of the airstrip and all weather access road; anticipated concentrate handling service charges; developing and operating the Project in a safe, ethical and socially-responsible manner; plans for further development and securing the required permits and licenses for further studies to consider operation; market price of precious and base metals; or other statements that are not statement of fact. The material factors or assumptions used to develop forward-looking statements include prevailing and projected market prices and foreign exchange rates, exploration estimates and results, continued availability of capital and financing, construction and operations, the Company not experiencing unforeseen delays, unexpected geological or other effects, equipment failures, permitting delays, and general economic, market or business conditions and as more specifically disclosed throughout this document, and in the AIF and Form 40-F.

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Western's forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and Western does not assume, and expressly disclaims, any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

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SOURCE western copper and gold corporation

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FPX Nickel logo (CNW Group/FPX Nickel Corp.)

"We are excited to grow our team with Nigel and Jarett," commented Tim Bekhuys , FPX's Senior Vice-President, Sustainability & External Relations.  "Mr. Lalonde has a proven track record as a trusted government relations advisor to corporations, governments and nonprofits, and brings a wealth of knowledge and strategic insight to our team.  Mr. Fisher has been instrumental in permitting and advancing many of British Columbia's largest mines, including most recently, the Blackwater and Eskay Creek mines, and will lead our Environmental Permitting and Assessment for the Baptiste Project."

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Stock Option Grant

FPX has granted 775,000 stock options to certain employees of the Company.  The stock options are exercisable at a price of $0.35 per share for a five-year period commencing on September 23, 2024 .

Market Making Services

Further to its news release on August 1, 2024 , the Company has engaged the services of Insight Capital Partners Inc. (" Insight ") and its market making service provider, ICP Securities Inc. (" ICP ") (the " Engagements ") effective August 1, 2024 .

Pursuant to an agreement (the " Consulting Agreement ") between the Company and Insight, Insight will provide capital markets consulting services, including providing the Company with advice and information regarding trading activity, for a term of twenty-four (24) months, provided that after a period of four (4) months either party may terminate the Consulting Agreement on thirty (30) days notice.

In addition, pursuant to an agreement (the " Market Making Agreement ") between the Company and ICP, the Company has engaged ICP to provide market making services. As previously announced, ICP will provide automated market making services, including use of its proprietary algorithm, ICP Premium TM , in compliance with the policies and guidelines of the TSX Venture Exchange and applicable securities laws. The Market Making Agreement is for an initial term of four (4) months (the " Initial Term ") and shall be automatically renewed for subsequent one (1) month terms (each subsequent one-month term called an " Additional Term ") unless either party provides at least thirty (30) days written notice prior to the end of the Initial Term or an Additional Term, as applicable.

As previously disclosed, there are no performance factors contained in the Consulting Agreement and no stock options or other compensation are being granted in connection with the Engagements. Both Insight and ICP are at arm's length to the Company. Insight and ICP do not have any interest, directly or indirectly, in FPX Nickel or its securities or any right or intent to acquire such an interest at this time; however, Insight, ICP and its clients may acquire an interest in the securities of the Company in the future.

ICP's market-making activity will be primarily to correct temporary imbalances in the supply and demand of the Company's shares. ICP will be responsible for the costs it incurs in buying and selling the Company's shares, and no third party will be providing funds or securities for the market making activities.

About the Baptiste Nickel Project

The Company's Baptiste Nickel Project represents a large-scale greenfield discovery of nickel mineralization in the form of a sulphur-free, nickel-iron mineral called awaruite (Ni 3 Fe) hosted in an ultramafic/ophiolite complex.  The Baptiste mineral claims cover an area of 408 km 2 , west of Middle River and north of Trembleur Lake, in central British Columbia.  In addition to the Baptiste Deposit itself, awaruite mineralization has been confirmed through drilling at several target areas within the same claims package, most notably at the Van Target which is located 6 km to the north of the Baptiste Deposit.  Since 2010, approximately US $30 million has been spent on the exploration and development of Baptiste.

The Baptiste deposit is located within the territories, keyohs, and consultative boundaries of the Tl'azt'en Nation, Binche Whut'enne, Yekooche First Nation, and Takla Nation .

About FPX Nickel Corp.

FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel District, located in central British Columbia , and other occurrences of the same distinctive style of nickel-iron mineralization. For more information, please view the Company's website at www.fpxnickel.com .

On behalf of FPX Nickel Corp.

"Martin Turenne"
Martin Turenne , President, CEO and Director

Forward-Looking Statements

Certain of the statements made and information contained herein is considered "forward-looking ‎information" within the meaning of applicable Canadian securities laws. These statements address ‎future events and conditions and so involve inherent risks and uncertainties, as disclosed in the ‎Company's periodic filings with Canadian securities regulators. Actual results could differ materially ‎from those currently projected by management at the time of writing due to many factors the majority ‎of which are beyond the control of FPX and its management. In particular, this news release contains ‎forward-looking statements pertaining, directly or indirectly, to the following: the duration of the ‎Consulting Agreement and the Market Making Agreement, and the services provided thereunder. These statements speak only ‎as of the date of this release or as of the date specified in the documents accompanying this release, as ‎the case may be. The Company does not assumes the obligation to update any forward-looking ‎statement except as expressly required by applicable securities law.‎

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the ‎adequacy or accuracy of this release.‎

SOURCE FPX Nickel Corp.

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