Kiplin Metals Seeks Geophysical Permits for the Cluff Lake Road (“CLR”) Uranium Project in Saskatchewan
April 26 2023 - 1:00AM
Kiplin Metals Inc. (TSX-V: KIP) (the
“
Company” or “
Kiplin”) is pleased
to declare that its consultants, Grander Exploration, will be
applying for the required exploration permits for the Company’s
summer geophysical program at the Cluff Lake Road (CLR) uranium
project in northwestern Saskatchewan.
The CLR property belonging to the Company is
encircled by F3 (“F3”) Uranium Corp.'s (formerly Fission 3.0)
high-profile Paterson Lake North (PLN) project. F3 announced the
discovery of the JR high-grade uranium zone in November 2022, with
reported intersections (refer to F3 press release dated Feb. 6,
2023) in drill hole PLN22-038, consisting of 11.0 meters averaging
4.20 percent triuranium octoxide, including a 4.5-meter interval
averaging 9.8 percent U3O8, indicating the existence of the newest
basement-hosted uranium deposit in Athabasca, similar to Fission
Uranium Corp.'s Triple R uranium deposit.
Kiplin’s summer program will encompass a minimum
of 8 line-kilometres of Induced Polarization (IP) resistivity
geophysical surveying, running roughly in an east-west direction.
The Saskatchewan Ministry of Environment will be approached for the
necessary permits, and the Company will initiate engagement and
consultations with its indigenous partners and stakeholders, which
will continue throughout the phases of permitting, exploration, and
closure. The Company will provide updates on the scheduling of its
permitting and work program as and when they are available.
Dr. Peter Born, PGeo, 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 that aims to generate value for its
shareholders by identifying and pursuing highly promising mineral
exploration prospects. Our approach is to advance our projects from
discovery to production, employing a vertically integrated strategy
that enables us to deliver exceptional shareholder value throughout
the entire mining process life-cycle.
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 ~531 ha in the southwestern
Athabasca Basin in northern Saskatchewan, where several new
discoveries have been made, including the Arrow and Triple R
Uranium deposits. 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 62,000,000 lbs of yellowcake
uranium.
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.
Contact Data
CONTACT:
MRKT360 INC
https://mrkt360.com
Alex Zertuche
alexz@mrkt360.com
For E.S.T Office Hours, Call 1 416-477-0587
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/68e1ddff-0b33-46a2-be9c-073ed8eb205a
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