Vancouver, B.C.: CMC Metals Ltd. (the “Company”) wishes to announce that it has completed its exploration program at the Silver Hart Property, Yukon.
The program consisted of:
- 1,048 meters of drilling in 16 exploration holes that have identified possible extensions of the mineralization in the two main zones (TM and S)
- Prospecting and soil surveys completed on two significant Mag-VLF anomalies (KW and South) that have not been previously explored. A new showing with galena mineralization was identified on the new KW zone.
- Repairs to the access road re-establishing vehicular traffic to the Silver Hart property area
- Completion of environmental and engineering studies of the access route which will help plan for further upgrading to facilitate transport of a bulk sample in 2020 and also provide the necessary data to prepare an application for funding support from the Yukon Resource Access Road Program
- Extensive sampling of three new trenches and a channel sample on the TM zone to better understand mineralized material within the zone in preparation for the proposed bulk sample
- Channel and grab sampling of mineralized material stockpiled from the historic adits
Michael Scholz, Chairman noted “We are very pleased with the results of this short program for this year. We have conducted a broad range of activities that position us very well to allow us to proceed with a bulk sample in 2020 and to evaluate the potential for seasonal mine operations at Silver Hart. There is a lot of additional exploration potential at Silver Hart as we are yet to explore the known deposits at depth and current and historic exploration efforts have been focussed on a very small portion of our claim holdings. Recent improvements in silver process will also help us to advance our proposed development plans for Silver Hart in the near future.”
Assays from channel samples, grabs, trenching, soil grids and drill core are in progress and will be reported at a later date.
Kevin Brewer, a registered professional geoscientist is the Company’s President and CEO , and Qualified Person (as defined by National Instrument 43-101) who has directly supervised the 2019 exploration program, sampling efforts, quality assurance and quality controls, and the preparation of an approval of the technical information pertaining to the Silver Hart Project, Yukon reported herein. The Company is committed to meeting the highest standards of integrity, transparency and consistency in reporting technical content, including geological reporting, geophysical investigations, environmental and baseline studies, engineering studies, metallurgical testing, assaying and all other technical data.
About CMC Metals.
CMC Metals Ltd. is a mineral exploration company focused on opportunities in the United States and Canada that offers potential for near-term cash flow. The Company is led by a seasoned team with experience developing assets to production. The Company’s Silver Hart Property is a Silver-Lead-Zinc asset located in the Yukon, 132 km west of Watson Lake, and covers 2,200 hectares and 116 Contiguous and partial claims.
On behalf of the Board:
“Michael C. Scholz”
Michael Scholz, Director
CMC METALS LTD.
For more information and to be added to CMC’s news distribution list, please send an email to firstname.lastname@example.org or call Mr. Michael Scholz at 604-605-0166.
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 includes certain statements that constitute “forward-looking information” within the meaning of applicable securities law, including without limitation, statements that address the timing and content of upcoming work programs, geological interpretations, receipt of property titles and exploitation activities and developments. In this release disclosure regarding the potential to undertake future work comprise forward looking statements. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks, including the ability of the Company to raise the funds necessary to fund its projects and, accordingly, may not occur as described herein or at all. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Readers are referred to the Company’s filings with the Canadian securities regulators for information on these and other risk factors, available at www.sedar.com. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company 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 expressly required by applicable securities legislation.”