Stallion Discoveries Corp. (the
"Company" or
"Stallion") (TSX-V: STUD; OTCQB: STLNF; FSE: HM4)
is pleased to report the commencement of a ground mobile MT
geophysical survey over the Company’s Richmond Mountain gold
project, located on the southern end of the Eureka-Battle Mountain
trend in Nevada.
Stallion’s Richmond Mountain property is located
outside of the town of Eureka, Nevada, straight east of the Ruby
Hill project held by i-80 Gold as shown in Figure 1 below. The
Richmond Mountain project has been underexplored largely due to a
cover of overlying colluvium and volcanics above the Graveyard
Flats intrusive, shown in Figure 2 below. By implementing the
modern geophysical surveys utilized with success by i-80 Gold,
Stallion looks to take key steps forward in understanding the
structure of mineralization at Richmond Mountain.
Figure 1 – Richmond Mountain Project Map
“We are thrilled to kick off our exploration
program at Richmond Mountain, using Quantec’s TITAN MT system”,
stated William Breen, President of Stallion Discoveries. “Our
neighbors have been having phenomenal success in the district and
geophysics have been a cornerstone in their drill targeting. With
the great drilling results recently completed within the Graveyard
Flats intrusive next door at Ruby Hill, outlining the contact areas
on our project will be essential for developing future drill
targets.”
Figure 2 – Richmond Mountain Geology
Stallion believes the Graveyard Flats intrusive
is a key mineralizing structure in the area and it extends onto the
western edge of Stallion’s Richmond Mountain property. The
geophysical MT survey will be instrumental in locating the contact
between the Graveyard Flats intrusive and the Paleozoic carbonate
rock formations that are present under overburden and post
mineralized volcanics. On August 2, 2023, i-80 Gold Corp issued a
news release announcing a new high-grade discovery of 45.5 g/t gold
and 50.2 g/t silver over 17.5 meters within the Graveyard Flats
intrusive. The significance of the i-80 news is the understanding
of the importance of the Graveyard Flats stock as a multi-phase
intrusive, with younger phases primarily responsible for
mineralization at Ruby Hill. Historical exploration programs did
not consider the Graveyard Flats intrusion as a host for gold and
silver mineralization.
Survey Details:
Stallion Discoveries will be conducting a deep
penetrating TITAN MT survey. TITAN distributed technology was
developed by Quantec to provide deep accurate images of the
subsurface for resistivity. By accurately measuring naturally
occurring magnetic and electric fields, the survey provides an
accurate rendering of the resistivity distribution of the
subsurface to depths of over 1000m. While targets may be in the top
500 to 700 metres, the survey provides a big picture of what is
going on at depth which may often be related to deep structures and
other feeder zones for mineralisation. The TITAN technology has
been utilised across the globe and its ability to penetrate to
depths of 750 metres and beyond has made it a leading technology
for exploration.
Further, Stallion has extended the contract with
Emerging Growth, LLC d/b/a TDM Financial of Whitefish, MT, to
provide marketing services by creating content on behalf of the
Company with the aim of generating exposure to the TDM Financial
investment audience on SECFilings.com, CFNMedia.com, CEORoadshow,
syndicated channels and for the Company’s own internal projects for
a term of four months to commence on August 28, 2023, pursuant to
an agreement dated August 28, 2023, in consideration of a total of
USD $20,000.
Qualifying Statement:
William Breen, (Registered Member 04203997
of SME), is the Qualified Person as defined by NI 43-101,
Standards of Disclosure for Mineral Projects, who has reviewed and
approved the scientific and technical content of this press
release. Mr. Breen is an officer of the Company.
About Stallion Discoveries
Stallion Discoveries is working to Fuel the
Future with Uranium through the exploration of over 3,000 sq/km in
the Athabasca Basin, home to the largest high-grade uranium
deposits in the world. The company holds the largest contiguous
project in the Western Athabasca Basin adjacent to multiple
high-grade discovery zones.
Our leadership and advisory teams are comprised
of uranium and precious metals exploration experts with the capital
markets experience and the technical talent for acquiring and
exploring early-stage properties.
Stallion offers optionality with two gold
projects in Idaho and Nevada that neighbour world class gold
deposits offering exposure to upside potential from district
advancement with limited capital expenditures.
For more information visit stalliondiscoveries.com or
contact:
Lisa StewartInvestor Relations(604)
341-8177 lstewart@stalliondiscoveries.com
Drew ZimmermanChief Executive Officer
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.
This news release contains forward-looking
statements and forward-looking information within the meaning of
Canadian securities legislation (collectively, “forward-looking
statements”) that relate to the Company’s current expectations and
views of future events. Any statements that express, or involve
discussions as to, expectations, beliefs, plans, objectives,
assumptions or future events or performance (often, but not always,
through the use of words or phrases such as “will likely result”,
“are expected to”, “expects”, “will continue”, “is anticipated”,
“anticipates”, “believes”, “estimated”, “intends”, “plans”,
“forecast”, “projection”, “strategy”, “objective” and “outlook”)
are not historical facts and may be forward-looking statements and
may involve estimates, assumptions and uncertainties which could
cause actual results or outcomes to differ materially from those
expressed in such forward-looking statements. No assurance can be
given that these expectations will prove to be correct and such
forward-looking statements included in this material change report
should not be unduly relied upon. These statements speak only as of
the date they are made.
Forward-looking statements are based on a number
of assumptions and are subject to a number of risks and
uncertainties, many of which are beyond the Company’s control,
which could cause actual results and events to differ materially
from those that are disclosed in or implied by such forward-looking
statements. The Company undertakes no obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required
by law. New factors emerge from time to time, and it is not
possible for the Company to predict all of them, or assess the
impact of each such factor or the extent to which any factor, or
combination of factors, may cause results to differ materially from
those contained in any forward-looking statement. Any
forward-looking statements contained in this presentation are
expressly qualified in their entirety by this cautionary
statement.
Forward-looking statements are based on a number of assumptions
and are subject to a number of risks and uncertainties, many of
which are beyond the Company’s control, which could cause actual
results and events to differ materially from those that are
disclosed in or implied by such forward-looking statements. The
Company undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required by law. New
factors emerge from time to time, and it is not possible for the
Company to predict all of them, or assess the impact of each such
factor or the extent to which any factor, or combination of
factors, may cause results to differ materially from those
contained in any forward-looking statement. Any forward-looking
statements contained in this presentation are expressly qualified
in their entirety by this cautionary statement.
Photos accompanying this announcement are available
at:https://www.globenewswire.com/NewsRoom/AttachmentNg/c71b588d-431a-422c-85ce-d1494a29739dhttps://www.globenewswire.com/NewsRoom/AttachmentNg/a965ddf7-eeb7-4831-aa46-708363a4910d
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