LFNT Announces 2024 Work Program Results from its Skyfire Property
LFNT
Announces
2024
Work
Program
Results
from
its
Skyfire
Property
Vancouver,
BC
/
Sep
27
,
2024
-
LFNT
Resources
Inc.
(CSE:LFNT)
(“LFNT"
or
the
"Company")
is
pleased
to
announce
that
the
Company
has
completed
its’
2024
field
program
at
the
Skyfire
Property,
located
in
Cariboo
Mining
Division
of
British
Columbia
(BC),
Canada.
Background
The
Skyfire
Property
(or
the
“Property”)
consists
of
seven
contiguous
Mineral
Titles
Online
(MTO)
claims
covering
1,896
hectares
in
south-central
BC,
95
km
east-northeast
from
the
city
of
Williams
Lake.
In
August
2022,
LFNT
signed
an
option
agreement
to
gain
100%
ownership
of
the
Property
in
exchange
for
payments,
exploration
work
credits,
and
a
net
smelter
return
royalty.
The
Property
lies
within
the
Cariboo
Gold
District
and
is
entirely
enclosed
within
Karus
Mining
Inc.’s
(“Karus”)
South
Cariboo
property,
which
hosts
the
Frasergold
deposit
and
several
other
orogenic
gold
prospects
hosted
within
a
distinctive
knotted
phyllite
unit.
Other
deposit
types
in
the
area
include
copper-gold
porphyry
(e.g.,
Mount
Polley
located
60
km
west-northwest
of
the
Property)
and
silver-lead-zinc
±
gold
vein
prospects.
Previous
work
on
the
Skyfire
Property
defined
the
Skyfire
and
Adie
2
showings.
The
Skyfire
showing
comprises
a
single
tetrahedrite-
and
chalcopyrite-bearing
quartz
vein
that
returned
samples
with
260-550
g/t
silver
and
0.2-0.5
g/t
gold.
A
geological
mapping
program
completed
in
2022
inferred
that
the
Skyfire
vein
is
broadly
northeast
striking,
steeply
dipping,
and
cuts
at
a
high
angle
across
lithology.
The
mineralized
system
context
of
this
vein
is
unclear.
The
Adie
2
showing
consists
of
weak
gold
enrichment
in
quartz-veined
knotted
phyllite,
analogous
to
orogenic
gold
deposits
and
prospects
on
Karus’s
surrounding
claims.
The
2022
mapping
program
on
the
Skyfire
Property
showed
that
knotted
phyllite
occurs
within
the
core
of
a
property-scale
fold.
Methods
for
the
2024
Work
Program
The
2024
work
program
was
completed
by
Equity
Exploration
Consultants
Ltd
(“Equity”)
of
Vancouver,
BC,
and
involved
top-of-bedrock
soil
sampling
on
the
so-called
PIM
and
SV
grids.
On
the
PIM
Grid,
57
large
volume
(~11
kg)
top-of-bedrock
soil
samples
were
collected
from
a
500 m
spaced
grid
to
cover
most
of
the
Skyfire
Property
(Figure
1).
For
each
11
kg
sample,
●
~10
kg
was
sent
to
Overburden
Drilling
Management
Ltd.
Ottawa,
Ontario,
(“ODM”)
for
porphyry
indicator
mineral
(PIM)
analysis.
●
~1
kg
was
sent
to
ALS
Canada
Ltd
in
North
Vancouver,
BC,
(“ALS”)
for
screening
to
180
microns
(SCR-41)
followed
by
super
trace
elemental
analysis
through
four
acid
digestion
and
ICP-MS
finish
(ME-MS61L).
On
the
SV
Grid,
139
top-of-bedrock
soil
samples
were
taken
in
a
tight
grid
(2
m
spaced
samples
on
30
m
spaced
lines)
to
locate
the
Skyfire
vein
under
cover
and
test
~150
metres
of
northeasterly
strike.
The
approach
is
like
trenching
but
with
considerably
less
disturbance.
Samples
were
submitted
to
ALS
for
screening
via
SCR-41
followed
by
aqua
regia
digestion
and
ICP-MS
finish
(AuME-TL43).
An
additional
12
samples
were
inserted
to
monitor
quality
assurance
and
quality
control
(QAQC).
Total
field-related
expenditures
for
this
project
are
$110,000
and
include
completion
of
the
PIM
analyses,
which
are
still
outstanding
as
of
the
date
of
this
news
release.
Results
of
the
2024
Work
Program
The
PIM
grid
geochemical
program
was
designed
to
look
for
coincident
anomalies
in
the
pathfinder
elements
that
occur
in
the
uppermost
portions
of
porphyry
systems
(e.g.
Tl,
Li,
Sb,
Se,
As,
Bi,
Te).
Several
of
these
pathfinder
elements
(Tl,
As,
Sb,
Te,
Se)
cluster
together
at
significant
abundances
overtop
the
prospective
knotted
phyllite
bedrock
unit
in
the
core
of
fold
that
crosses
the
Property
(“ME
anomaly”
in
Figure
1).
This
area
of
the
Property
therefore
exhibits
both
more
prospective
geology
and
geochemistry.
As
of
the
date
of
this
new
release,
results
of
the
porphyry
indicator
mineral
analysis
were
still
in
process
with
ODM.
Results
from
the
SV
Grid
show
that
the
Skyfire
Ag-Au
vein
is
spatially
associated
with
strong
Pb
as
well
as
weak
Au,
Ag,
Cu,
and
Sb
(Figure
2).
Trends
defined
by
silver
and
gold
anomalies
could
be
used
to
support
a
northeast-striking
vein
system.
The
more
notable
result
from
the
SV
Grid
is
the
relatively
strong
anomalism
in
Cu,
Pb,
Zn,
and
other
pathfinders
(e.g.,
Bi,
Cd,
Mn,
Mo,
Tl,
Sb)
from
the
two
southwestern-most
lines
(Figure
2).
The
maximum
values
returned
for
copper
(335
ppm),
silver
(17
g/t),
molybdenum
(55
ppm),
and
zinc
(2,100
ppm)
are
the
highest
values
returned
from
the
2024
work
across
both
grids.
Figure
1:
Select
geochemical
results
for
the
PIM
Grid
in
relation
to
bedrock
geology
and
a
multi-element
(ME)
anomaly
described
in
the
tex.
Clockwise
from
top
left,
the
elements
shown
include
copper
(Cu),
antimony
(Sb),
arsenic
(As),
and
tellurium
(Te);
enrichment
in
Sb,
As,
and
Te
occurs
in
high
level
porphyry
systems.
Abbreviations
for
bedrock
units
are
shown
in
the
map
at
top
left
and
include
knotted
phyllite
(KP),
phyllite
(PH),
andesitic
volcanic
(AV)
and
mafic
volcanic
(MV).
Yellow
stars
make
the
location
of
the
Skyfire
(more
eastern
star)
and
Adie
2
showings.
Figure
2:
Select
geochemical
results
for
the
SV
Grid
in
relation
to
the
Skyfire
Ag-Au
vein
showing,
which
is
marked
by
the
yellow
star
under
the
third-most
northeastern
line.
Clockwise
from
top
left,
these
thematic
maps
show
silver
(Ag),
gold
(Au),
antimony
(Sb),
and
copper
(Cu),
the
latter
two
notable
for
enrichment
on
the
southwestern-most
lines.
Sudbury
Project
Update
Additionally,
the
Company
has
opted
to
terminate
its
option
agreement
dated
Aug
4,
2023,
with
the
Sudbury
Project’s
two
optionors
and
focus
its
exploration
campaigns
on
its
100%
owned
Skyfire
property
in
Williams
Lake,
British
Columbia.
Qualified
Person
Mr.
Ronald
Woo,
a
qualified
person
as
defined
by
National
Instrument
43-101
-
Standards
of
Disclosure
for
Mineral
Projects
and
Director,
has
reviewed
and
approved
the
scientific
and
technical
disclosure
in
this
press
release.
About
LFNT
Resources
Corp.
LFNT
Resources
Corp.
is
a
British
Columbia-based
mineral
exploration
company
focused
on
the
development
of
assets
containing
battery,
base
and
precious
metals.
LFNT
holds
a
land
position
in
the
heart
of
British
Columbia’s
renowned
Cariboo
Mining
District.
LFNT’s
1,900
ha
SkyFire
Property
is
nestled
between
Williams
Lake
and
100
Mile
House,
meaning
infrastructure
and
strong
labor
communities
within
reach.
The
company
may
also
evaluate
the
acquisition
of
other
mineral
exploration
assets
and
opportunities.
LFNT
is
publicly
listed
on
the
Canadian
Stock
Exchange
(CSE)
under
trading
symbol
"LFNT".
On
Behalf
of
the
Board
of
Directors
LFNT
Resources
Corp.
Shayne
Taker
Director
and
Chief
Executive
Officer
Tel:
(236)
237-2279
Email:
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(as
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term
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policies
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CSE)
accepts
responsibility
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the
adequacy
or
accuracy
of
this
release.
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STATEMENT
REGARDING
FORWARD-LOOKING
INFORMATION:
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news
release
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"forward-looking
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applicable
Canadian
securities
legislation.
Forward-looking
statements
consist
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statements
that
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not
purely
historical,
including
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statements
regarding
beliefs,
plans,
expectations
or
intentions
regarding
the
future.
Forward-looking
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timing
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commencement
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Forward-looking
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Company,
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changes
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or
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accordance
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or
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safety
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Accordingly,
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should
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undue
reliance
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forward-looking
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The
Company
disclaims
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intention
or
obligation
to
update
or
revise
any
forward-looking
statements,
whether
as
a
result
of
new
information,
future
events
or
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