Mineral Mountain Resources Ltd. has intersected high grade gold mineralization in its diamond drilling of the Cook Porphyry Zone in northwestern Ontario. Drill hole GH10-38 intersected 4.66 g/t Au over 14.0m including 13.01 g/t Au over 4.0m. The gold mineralization is hosted in an alkaline porphyry intrusion geologically similar to nearby deposits. Historical drilling has also returned significant intersections and the zone remains open at depth, offering potential to host a commercial gold resource.
(1) Mineral Mountain Resources Ltd. has intersected high grade gold mineralization in diamond drill hole GH10-38 in the Cook Porphyry Zone located in the Shining Tree area of Ontario, including 4.66 g/t Au over 14.0m and 13.01 g/t Au over 4.0m. (2) The Cook Porphyry Zone has been subject to previous drilling campaigns which outlined significant gold mineralization and remains open at depth and along strike. (3) The results continue to demonstrate the potential for the Cook Porphyry Zone to host a large gold system that could support either high grade or bulk mining operations.
The document provides a prefeasibility study for the Smooth Rock Falls Mining project located in North-Eastern Ontario. Key details include:
- Life of mine is estimated at 7 years 3 months mining 4.09 million tonnes of ore at an average grade of 4.37 g/t to produce 575,539 ounces of gold.
- The mine will use existing underground infrastructure including two shafts and development levels. Stoping will be done using transverse bench and fill mining.
- Geotechnical analysis determined stope dimensions and ground support requirements. A paste fill system is recommended for backfilling stopes.
- The project is expected to have a net present value of $178 million at a 5%
The document discusses drilling operations for Well ABC over a 12 day period. It provides details of daily drilling activities such as drilling intervals, running and cementing casing, waiting on cement, drilling issues encountered and resolutions, running logs, and rigging down operations. It also includes a cost control summary tracking hourly costs by activity.
Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) is announced the assay results for the final four holes completed as part of the winter drill program at the Company’s 100%-owned Eldor Property in northern Quebec.
The winter drill program at Ashram exceeded the Company’s expectations, with all holes completed returning significant grades and widths of mineralization. Highlights from the winter program include:
• A significant expansion of the footprint and depth extent of the Ashram Deposit; beyond that of the current Inferred Resource of 117.34 million tonnes of 1.74% TREO;
• Confirmation of enrichment in the middle and heavy rare earth oxides within the near-surface, north-central portions of the deposit; and
• Recognition of increasing REE grades within the northern portion of the deposit and at depth where drill intersections of 3%+ TREO have increased in occurrence with 4% assays now not unusual, with a new peak sample value of 9.88% TREO.
Mineral mountain closes 2nd tranche of its upsized private placement for gros...Mineral Mountain Resources
Mineral Mountain Resources Ltd. closed the second tranche of its private placement, issuing 1,500,000 flow-through shares to the MineralFields Group for gross proceeds of $975,000. The funds will be used for general exploration expenditures in Ontario. MineralFields Group is a mining fund that offers tax-advantaged investments to Canadian investors and structures resource partnerships for global investors.
Mineral Mountain Resources Ltd. granted 1,925,000 stock options to directors, officers, employees, consultants, and an investor relations consultant. The stock options are exercisable at $0.70 per share for five years until January 7, 2016. The company announced the stock option grant in a news release dated January 7, 2011.
Mineral mountain closes over allotment option raises gross proceeds of $6,172...Mineral Mountain Resources
Mineral Mountain Resources Ltd. closed an over-allotment option raising an additional $221,325 in gross proceeds from the sale of 340,500 flow-through shares. During the month of December 2010, the company raised a total of $6,172,125 gross through private placements to fund exploration expenditures. The proceeds will be used for general exploration and to constitute Canadian exploration expenses.
(1) Mineral Mountain Resources Ltd. has intersected high grade gold mineralization in diamond drill hole GH10-38 in the Cook Porphyry Zone located in the Shining Tree area of Ontario, including 4.66 g/t Au over 14.0m and 13.01 g/t Au over 4.0m. (2) The Cook Porphyry Zone has been subject to previous drilling campaigns which outlined significant gold mineralization and remains open at depth and along strike. (3) The results continue to demonstrate the potential for the Cook Porphyry Zone to host a large gold system that could support either high grade or bulk mining operations.
The document provides a prefeasibility study for the Smooth Rock Falls Mining project located in North-Eastern Ontario. Key details include:
- Life of mine is estimated at 7 years 3 months mining 4.09 million tonnes of ore at an average grade of 4.37 g/t to produce 575,539 ounces of gold.
- The mine will use existing underground infrastructure including two shafts and development levels. Stoping will be done using transverse bench and fill mining.
- Geotechnical analysis determined stope dimensions and ground support requirements. A paste fill system is recommended for backfilling stopes.
- The project is expected to have a net present value of $178 million at a 5%
The document discusses drilling operations for Well ABC over a 12 day period. It provides details of daily drilling activities such as drilling intervals, running and cementing casing, waiting on cement, drilling issues encountered and resolutions, running logs, and rigging down operations. It also includes a cost control summary tracking hourly costs by activity.
Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) is announced the assay results for the final four holes completed as part of the winter drill program at the Company’s 100%-owned Eldor Property in northern Quebec.
The winter drill program at Ashram exceeded the Company’s expectations, with all holes completed returning significant grades and widths of mineralization. Highlights from the winter program include:
• A significant expansion of the footprint and depth extent of the Ashram Deposit; beyond that of the current Inferred Resource of 117.34 million tonnes of 1.74% TREO;
• Confirmation of enrichment in the middle and heavy rare earth oxides within the near-surface, north-central portions of the deposit; and
• Recognition of increasing REE grades within the northern portion of the deposit and at depth where drill intersections of 3%+ TREO have increased in occurrence with 4% assays now not unusual, with a new peak sample value of 9.88% TREO.
Mineral mountain closes 2nd tranche of its upsized private placement for gros...Mineral Mountain Resources
Mineral Mountain Resources Ltd. closed the second tranche of its private placement, issuing 1,500,000 flow-through shares to the MineralFields Group for gross proceeds of $975,000. The funds will be used for general exploration expenditures in Ontario. MineralFields Group is a mining fund that offers tax-advantaged investments to Canadian investors and structures resource partnerships for global investors.
Mineral Mountain Resources Ltd. granted 1,925,000 stock options to directors, officers, employees, consultants, and an investor relations consultant. The stock options are exercisable at $0.70 per share for five years until January 7, 2016. The company announced the stock option grant in a news release dated January 7, 2011.
Mineral mountain closes over allotment option raises gross proceeds of $6,172...Mineral Mountain Resources
Mineral Mountain Resources Ltd. closed an over-allotment option raising an additional $221,325 in gross proceeds from the sale of 340,500 flow-through shares. During the month of December 2010, the company raised a total of $6,172,125 gross through private placements to fund exploration expenditures. The proceeds will be used for general exploration and to constitute Canadian exploration expenses.
The document provides a detailed exploration history of the Lone Pine molybdenum property located in northern British Columbia, Canada. It summarizes exploration activities from 1914 to 2010, including geological mapping, geochemical and geophysical surveys, trenching, percussion and core drilling. It also reports results from a mineral resource estimate conducted in 2008 that outlined a measured and indicated resource of 151 million tonnes grading 0.069% molybdenum. Drilling by Bard Exploration from 2007-2010 aimed to expand known mineralized zones and identify new areas, with several intercepts reporting molybdenum and base metal mineralization.
The document provides details on the Undurnaran gold deposit located in Saikhandulaan Soum, Dornogovi Province, Mongolia. Key points include:
- The mining permit was issued in 2012 for 4024 hectares and expires in 2042. Exploration from 2009-2011 identified an indicated resource of over 82 million tonnes containing 25.47 tonnes of gold and 250,580 tonnes of copper.
- Detailed feasibility studies propose open pit mining for the first 8 years to a depth of 150 meters, followed by 2 years of underground mining to 160 meters. Processing would initially use gravity separation, then expand to gravity-leach extraction to recover over 90% of gold content.
Foundation Resources is a publicly traded mineral resource exploration company trading on the Toronto Stock Exchange under the symbol (FDN:TSX).
Developing high potential gold area on the Coldstream property - host of past producer East Coldstream. In addition, it is adjacent to a 43-101 Compliant Inferred Resource of 1.5 million ounces of gold and located in a well known area for gold. Xstrata holds the ownership of ground along the same belt - further confirming the potential of the region.
Martin Moloney, Exploration Manager for Northern Ireland, provided an update on exploration activities at the Curraghinalt gold deposit. A recent sample from the T17 vein returned high grades of 188 g/t gold and 103 g/t silver. The deposit contains a November 2011 resource of 0.46 Moz measured and indicated gold and 2.23 Moz inferred gold. Drilling is targeting high grade shoots within the deposit and expanding the resource along strike and at depth. Surface exploration including soil sampling recently led to the Alwories discovery.
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Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) reported that it is in receipt of analytical results for the remaining five holes from the 2010 drill program at the Ashram Rare Earth Zone. The Ashram Rare Earth Zone is located at the Company’s wholly-owned Eldor Project within northern Quebec. Highlights include 2.30% TREO over 172.89m.
A short presentation for investors interested in junior mining opportunities. This focuses on the Lone Pine Property in northen B.C. Canada. The property just received a positive PEA, and is owned by Bard Ventures (TSX.V:CBS). Updated March 2011.
Discovery Harbour Resources Corp. and its partner Northern Shield Resources Inc. (TSX-V: NRN) are pleased to announce the discovery of significant copper-zinc-silver-(gold) mineralization at the Wabassi Property in northern Ontario after receiving partial assay results from four of the seven holes completed during the winter 2011 exploration program.
(April 23, 2013) Canamex Resources Corp. (TSX-V: CSQ) (OTCQX: CNMXF) (FSE: CX6) is very pleased to announce the assay results of the first and second drill holes of the 2013 drilling program at the Penelas East target area on the Bruner Gold Project, Nye, County, Nevada.
Additional high grade gold assays from the 2017 detailed in-fill drill program. Hole M-17-17’s exceptional results supports our model and the interpretation that wider, high grade gold mineralized shoots can be traced in the PL Deposit. This data will not only support future mine planning and development initiatives, but also our property wide and regional exploration efforts.
TNR Gold Extends Mineralized Zones At Shotgun With 209 Metres Of 1.02 g/t GoldViral Network Inc
Vancouver B.C.: TNR Gold Corp. (the "Company") is pleased to announce assay results from the second hole of the 2012 drilling program on the Shotgun gold project in Alaska. Drill hole SR12-57 returned 209 metres averaging 1.02 grams per tonne gold across the full length of the targeted porphyry system. These results include several higher-grade intercepts that confirm the Company's model of mineralization where elevated gold values occur in repeating structural features through the Shotgun Ridge area.
• Drill hole SR12-57 returns mineralized interval of 209 metres averaging 1.02 grams per tonne gold.
• Included within this interval is 61.4m averaging 1.53 g/t Au.
• Combined with SR12-56 ( containing a 242m interval with 1.25 grams per tonne gold), the gold mineralization model at Shotgun Ridge is confirmed along strike and down dip
• Drill hole SR12-57 ended in mineralization at a down hole depth of 300 metres (approximately 150m below the topographic surface).
The document summarizes the Northbelt property acquired by TerraX Minerals Inc. in February 2013. It is located adjacent to the city of Yellowknife in the Northwest Territories and hosts the historic Crestaurum gold deposit. TerraX completed prospecting, mapping, and airborne geophysics in summer 2013 that identified high-grade gold and base metal samples. Re-logging of historic drill cores from the Crestaurum deposit returned high-grade gold intercepts. The property has year-round road access and power infrastructure, and is situated in a prolific gold belt with over 463 historic drill holes identified to date.
The document summarizes the Northbelt property acquired by TerraX Minerals Inc. in February 2013. It is located adjacent to the city of Yellowknife in the Northwest Territories and hosts the historic Crestaurum gold deposit. TerraX completed prospecting, mapping, and airborne geophysics in summer 2013 that identified high-grade gold and base metal occurrences. Re-logging of historic drill cores from the Crestaurum deposit returned high-grade gold intercepts. The property is accessible year-round and has excellent infrastructure including road access and proximity to Yellowknife.
The document discusses Minaurum Gold Inc., a mineral exploration company. It summarizes the company's management team which has discovered over 200 million ounces of silver and 10 million ounces of gold. It also discusses the company's projects including the Aurena gold skarn project in Mexico which had positive drilling results returning gold grades over a wide interval. Minaurum also holds several other early stage gold and copper exploration projects in prospective districts in Mexico.
Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) reports the assay results for the first four of seven drill holes completed during the 2011 winter drilling program at the Ashram Rare Earth Element (“REE”) Zone at the Company’s Eldor Project in northern Quebec.
This document provides an overview of Kincora Copper, a copper and gold exploration company focused on projects in Mongolia. It summarizes Kincora's two main projects, the Bronze Fox and Tourmaline Hills properties, which cover over 40km2 and have intersected high-grade copper and gold mineralization. The document outlines Kincora's exploration strategy for 2012, which aims to define shallow open pit copper resources and continue exploring for deeper high-grade targets, with a planned budget of $5.2 million for drilling and geophysics surveys. Brief biographies of Kincora's management team are also provided, as well as details of its recent acquisition of the adjacent Tourmaline Hills project.
This document provides an overview of Kincora Copper, a copper and gold exploration company focused on projects in Mongolia. It summarizes Kincora's two main projects, Bronze Fox and Tourmaline Hills, which cover over 40km2 and have shown significant porphyry-style copper and gold mineralization. Exploration to date includes over 23,000m of drilling across the projects, intersecting high-grade copper and gold. Kincora plans a $5.2 million exploration program in 2012 to define open pit resource potential and continue exploring for deeper high-grade zones, with a goal of outlining an initial resource by year end.
San Marco Buck Presentation - 2020-05-20MomentumPR
A Canadian mineral exploration company is focused on developing resources at its Buck Project located in central British Columbia. Phase 1 drilling at the Buck Project intersected wide zones of continuous gold mineralization at shallow depths, with some mineralization projected to surface. Assay results included intervals of over 80 meters grading around 0.8 g/t gold equivalent.
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San Marco has a committed management team with extensive experience, a proven track record in discovery to project development, and a focus on environmental and social responsibility.
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Similar to Mineral mountain intersects high grade gold mineralization in the cook porphyry zone shining tree area, ontario (20)
Mineral mountain intersects high grade gold mineralization in the cook porphyry zone shining tree area, ontario
1. MINERAL MOUNTAIN RESOURCES LTD.
201-1416 West 8th Avenue
Vancouver, B.C. V6H 1E1
T: 604-714-0111 F: 604-714-1119
MMV.TSX-V
NEWS RELEASE January 11, 2011
No. 2011-02
MINERAL MOUNTAIN INTERSECTS HIGH GRADE GOLD MINERALIZATION
IN THE "COOK PORPHYRY ZONE"
SHINING TREE AREA, ONTARIO
Highlights:
• DDH GH10-38 intersects 4.66 g/t Au over 14.0m including 13.01 g/t
Au over 4.0m.
• Gold mineralization hosted in intrusive alkaline porphyry intrusion,
geologically similar to Creso Exploration's Minto deposit
mineralization nearby and Lake Shore Gold's Thunder Creek deposit
in the Timmins gold camp to the north.
• All historical and present drilling has been shallow. The Cook Zone
offers excellent potential to host a commercial gold resource.
Vancouver, British Columbia, January 11, 2011: Mineral Mountain
Resources Ltd. (MMV.TSX-V) (“Company”) is pleased to report that
positive assays for the first 3 diamond drill holes have been received from
the ongoing drill program which is targeting the Cook Zone on Block A, a
part of the Company's extensive land package totaling 145 sq. km located
in the heart of the emerging Shining Tree gold district. Recently, the
Company purchased Block A from Benton Resources Corp. (BTC.TSX-V)
which is held under option to earn 70% interest from Golden Harp
Resources Inc. (GHR.TSX-V) (see news release of October 26, 2010 on
the Company's website www.mineralmtn.com).
Cook Porphyry Zone
This zone was first discovered in the 1930's and is hosted within silicified
and carbonate altered mafic and ultramafic volcanic rocks that have been
intruded by alkaline porphyry displaying intermittent brecciation and
1 | P a g e
2. pervasive alteration associated with strong quartz carbonate veining with
sulphides with up to 3% by volume. This zone has been subject to several
diamond drill campaigns which have intersected significant, wide gold
mineralization from several sub-parallel zones.
Some of the better historical down hole drill intersections prior to the
Benton era (2009-2010) included 52.4 g/t Au over 4.0m (DDH B-04), 5.71
g/t Au over 4.6m (DDH B-06), 5.40 g/t Au over 7.6m (DDH T-14), 10.6 g/t
Au over 3.1m (ORC-01) and 2.7 g/t Au over 13m (DDH KC-12).
Since March 2009, Benton conducted three separate phases of diamond
drilling on the Cook Porphyry Zone confirming that the zone is a strong
mineralizing event. The results for all of the Benton drill phases are
tabulated in Table 2 below.
In December 2010, Mineral Mountain launched a 3500-metre drill program
targeting the southwest extension of the Cook Porphyry Zone at about the
150m level below surface. Three holes, GH 10-36, 37 and 38 were
completed and sampled prior to the holiday period. Mineral Mountain drill
hole GH 10-36 targeted the Benton holes GH 09-04, 05, 06 and 10 while
GH 10-37 and 38 targeted Benton holes GH 09-01, 08 and 09. Table 1
below summarizes the results of the 3 holes completed by Mineral
Mountain. The shapes and dimensions of the areas of gold mineralization
is not yet fully understood, thus true widths of these intersections still
cannot be determined.
Diamond drill crews have resumed drilling of the Cook Porphyry Zone on
January 10, 2011.
Nelson Baker, President and CEO, commented: “Drilling results from the
Cook Porphyry Zone continue to demonstrate that it hosts a very large gold
system with considerable potential to support either a standard high grade
mining or a low-cost bulk mining operation. The core of porphyry
mineralization is similar to those found in world class mines in the Timmins
Camp such as the Hollinger and McIntyre deposits. The excellent near
surface widths and grades intersected provide us with great confidence that
the Cook Porphyry could generate an important gold resource for the
Company.”
2 | P a g e
3. QA/QC Program
Mineral Mountain has implemented the following quality assurance/quality
control (QA/QC) procedures for all of the Shining Tree Gold Project drill
programs:
Core was logged then sawed in half, with one side bagged and labeled; the
remaining half was placed in core boxes for a permanent record and stored
on site. All samples were transported to Accurassay preparation laboratory
in Sudbury, after which pulps are shipped to the analytical laboratory in
Thunder Bay, Ontario. All samples sent for analyses were prepared using a
jaw crusher, which was cleaned with compressed air between samples. A
250-gram split of the crushed sample with 70% passing through a 10 mesh
screen was pulverized with 85% passing through a 200 mesh screen. Fire
assays were performed using 50-grams of sample with assays equal to or
greater than 10 g/t calculated gravimetrically, and lower-grade samples
measured by atomic absorption. Multi-element analyses were performed
using 1-gram of sample digested in aqua regia and analyzed by inductively
coupled plasma atomic emission (ICPMS). Accurassay carries out
duplicate assays on every 10th sample. Three Standards (one high grade,
medium grade and one low grade) and one locally sourced Blank were
inserted sequentially at every 20th sample into the drill core samples before
shipment. All the blanks returned no significant gold values. Standards
displayed standard deviations of less than 0.16 g/t and geometric means of
+/- 1% of the known grade.
Core sample size varied from 0.5 to 2.0 metres with an average sample
size of 1.14 metres. Quality control was monitored using a high grade (5.49
g/t) and medium grade (1.019 g/t) and low grade (0.43 g/t) gold standard
from Analytical Solutions Inc, as well as a locally sourced rock blank.
The project is managed by Joerg Kleinboeck, P.Geo. and the drill program
is supervised by Wally Rayner, P. Geo., the Company's Vice President of
Exploration, who has verified the contents of this press release and is the
Qualified Person for this project.
About Mineral Mountain
Mineral Mountain is a well-funded explorer and developer of precious
3 | P a g e
4. metals with approximately $8 million in its treasury. The Company has four
major gold projects that meet Mineral Mountain's long term objectives of
becoming a strong mid-tier resource group. In south eastern British
Columbia, the Company's 100%-owned 89,000-hectare, 70 km by 15 km
Kootenay Arc Project is believed to have a geological environment for
sediment-hosted precious metal deposits similar to those found in the
Carlin Trend of Nevada and in the Selwyn Basin of Yukon. In the emerging
Shining Tree mining camp 100 km south of Timmins, Ontario, the
Company, through its joint venture with Golden Harp Resources Inc. has
become a key explorer in the district. The 145 km² Golden Harp Main Block
(60%) and Block A (70%) options host large gold systems that offer above
average potential to host both bulk tonnage and high grade gold
mineralization. The recently acquired 7 km by 3 km Straw Lake Beach Mine
Property 70 km northeast of the Rainy River deposit offers great potential
to host a Hemlo-style gold deposit.
Table 1: Summary of drill results
Mineral Mountain Resources Cook Porphyry Zone 2010
Hole # From (m) To (m) Length Au g/t
GH10-36 30.0 31.5 1.5 1.224
40.5 45.0 4.5 0.610
55.0 66.0 9.0 0.411
GH10-37 36.75 41.0 4.24 1.432
45.0 54.0 9.0 0.921
99.0 127.0 28.0 0.698
Including 119.0 122.0 3.0 2.548
GH10-38 93.0 107.0 14.0 0.944
113.0 118.0 5.0 2.059
146.0 157.0 11.0 0.787
161.0 175.0 14.0 4.658
Including 161.0 165.0 4.0 13.008
In drill hole GH10-38 a one meter interval from 161 to 162m assayed 40.13
g/t gold, confirming the potential for high grade shoots within the thicker
sections of gold mineralization.
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5. Table 2: Summary of 2009 Benton Drill Results-Cook Zone
Hole Number From To Length Au g/t
H09-01 200.1 233 32.9 1.933
Including 214.1 222.6 8.5 5.027
GH09-02 114.7 135.9 21.2 3.516
Including 130.4 135.9 5.5 11.968
GH09-02 152.0 157.3 5.3 3.04
GH09-03 138.3 139.8 1.5 2.79
216.6 221.6 5.0 1.431
GH09-04 141.1 145.1 4.0 1.260
163.7 169.4 5.7 0.743
GH09-05 248.5 252 3.5 0.556
GH09-06 61.9 72.4 0.5 1.390
174.5 177.5 3.0 21.405
GH09-07 122.0 123.3 1.3 1.500
GH09-08 293.0 297.5 4.5 0.688
GH09-09 51.5 66.0 14.5 0.418
72.0 107.0 35.0 0.838
Including 95.0 99.0 4.0 3.320
121.0 127.78 6.78 1.195
GH09-10 31.0 53.0 22.0 0.622
57.0 84.0 27.0 0.924
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6. MINERAL MOUNTAIN RESOURCES LTD.
Nelson W. Baker, President and CEO
For further information, please contact
Brad Baker, Director
Telephone: (604) 714-0111 Email: bradbaker@shaw.ca
Kin Communications
Telephone: (604) 684-6730 Email: ir@kincommunications.com
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy and accuracy
of this news release. This release includes certain statements that may be deemed to be “forward-looking
statements”. All statements in this release, other than statements of historical facts, that address events or
developments that the Company expects to occur, are forward looking statements. Forward looking statements are
statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”,
“could” or “should” occur. 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 may differ materially from those in forward looking statements. Factors that cause the actual results to
differ materially from those in forward-looking statements include gold prices, results of exploration and development
activities, regulatory changes, defects in title, availability of materials and equipment, timeliness of government
approvals, continued availability of capital and financing and general economic, market or business conditions. The
Company cautions the foregoing list of important factors is not exhaustive. Investors and others who base themselves
on the Company’s forward-looking statements should carefully consider the above factors as well as the uncertainties
they represent and the risk they entail. The Company believes that the expectations reflected in those forward-looking
statements are reasonable, but no assurance can be given that these expectations will prove to be correct. Please
see the public filings of the Company at www.sedar.com for further information.
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