Kiplin Metals receives permit for Cliff Lake Road uranium project in Athabasca, Saskatchewan, Canada
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September 12, 2022 – Kiplin Metals Inc. (TSX-V: KIP) (The Company or Kiplin) announced that it has secured the necessary exploration permits for its upcoming geophysical survey program at the Company’s Cliff Lake Road (CLR) uranium project in the Northwest. Saskatchewan had received. The company holds a 100% stake in the Cliff Lake Road uranium project and is currently responsible for all exploration and development of the project.
The survey is planned to cover approximately 40 profile kilometers in an east-west direction and will be combined with data from previous surveys to develop a diamond drill target. The purpose of the survey is to delineate drill targets that will be prioritized based on identified radon gas soil anomalies within the interpreted faults. The company is currently applying for the necessary permits and drilling is expected to begin within the next 60 days.
Peter Bourne, Director of Kiplin, commented, “We are very pleased with this approval and appreciate the province’s support for our upcoming exploration plan.” This program will allow us to pursue the Cliff Lake Road uranium project in a meaningful way.
The company intends to begin this exploration program as soon as possible and will provide a schedule of its work program as it becomes available.
Dr. Peter Bourne, P.Geo., is a qualified person as defined by National Instrument 43-101, who has accepted and is responsible for the technical information contained in this news release.
About Kiplin Metals Inc.
Kiplin Metals Inc. is a mineral exploration company. We create value for our shareholders by identifying and developing potential mineral exploration opportunities. Our strategy is to move our projects from discovery to production. This vertically integrated strategy enables Kiplin Metals to deliver outstanding shareholder value throughout the mining lifecycle.
Cliff Lake Road Uranium Project. Kiplin Metals has the right to earn 100% interest in the Cliff Lake Road Uranium Project (CLR Project). The CLR project covers approximately 531 hectares in the southwestern Athabasca Basin of northern Saskatchewan where many new discoveries have been made, including Arrow and Tripp uranium deposits. The CLR project is located 5 km east of Cluff Lake Road (Hwy 955), which leads to the historic Cluff Lake Mine, which formerly produced approximately 62,000,000 pounds of Yellowcake uranium.
The Exeter Gold Project, covering 715 hectares in Val d’Or, Quebec, one of the world’s most important gold districts, has produced more than 113.4 million ounces of gold as of the end of 2019. The project includes a 3.8-kilometer trend of the Cadillac Tectonic Zone, the main geological formation for gold mineralization in the Val d’Or.
For more information about the company, please email [email protected] or visit the company’s website at www.kiplinmetals.com.
Kiplin Metals Inc.
For more information contact the company at 604-622-1199.
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This press release may contain forward-looking statements that involve risks and uncertainties. All statements made herein except as statements of historical fact should be treated as forward-looking statements. Although the Company believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, these statements are not guarantees of future performance and actual results or growth could differ materially from those of forward-looking statements. No assurance can be given that these statements will be accurate and readers are cautioned to rely on their own assessment of such uncertainties. We undertake no obligation to update any forward-looking statements, except as required by applicable law.
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