Bathurst Metals Announces High Grade Copper Assay Results From Summer Sampling Program on 100% owned Gela Lake Project Area, Nunavut.
December 16, 2021 PRESS RELEASE TSX-V: BMV
OTC: BMVVF
Bathurst Metals Announces High Grade Copper Assay Results From Summer
Sampling Program on 100% owned Gela Lake Project Area, Nunavut.
Vancouver, British Columbia (December 16, 2021) – Bathurst Metal Corp. (TSXV: BMV, OTC:
BMVVF) (“Bathurst” or the “Company”) is pleased to announce assay results from 10 rock, grab
samples collected where a Monzogabbro, Proterozoic Age, body intruded the regional Bathurst
Fault, Nunavut, Canada, Figure # 1. The Gela Lake Project area covers 3,116.39 Hectares and
overlies known copper, cobalt and gold mineralization. Fieldwork during August 2021 focused on
only the south-central portion of the project area along both the eastern and western flanks of the
monzogabbro intrusive in contact with Archean Metasediments and Volcanics.
Of most interest is the consistent higher grade copper, bismuth and molybdenum values along the
western contact of the intrusive where the Bathurst Fault is projected to occur, Figure # 2.
Mineralization observed consists mainly of structural controlled chalcopyrite within quartz and
quartz-carbonate veins hosted within sheared monzodiorite and or Archean metavolcanics/
sediments. All copper, bismuth and molybdenum assay results are listed in Table # 1. Table # 2
provides the samples locations and brief comments on the geology and mineralization.
Table #1
Eastern Side of Monzogabbro Intrusive
Sample Copper Bismuth Molybdenum
Number (%) (ppm) (ppm)
D365422 9.4 0.7 0.41
D365423 0.01 0.27 0.77
D365424 3.26 5.25 3.05
D365425 0.05 0.96 0.87
Western Side of Monzogabbro Intrusive along Bathurst Fault
Sample Copper Bismuth Molybdenum
Number (%) (ppm) (ppm)
D365451 1.14 301 0.97
D365452 4.47 632 489
D365453 5.96 1720 12.2
D365454 6.51 623 8.25
D365455 0.78 4.15 1.07
D365456 0.01 1.38 0.68
Table # 2
Sample UTM UTM
Number East North Comments
D365422 580952 7477489 1.3 metre wide quartz vein with 25% cpy,7% bornite
D365423 580804 7477524 Monzogabbro no visible mineralization
D365424 580610 7477648 Quartz +/- carbonate ,malachite,1-3% chalcopyrite/bornite
D365425 580702 7477599 Fractured monzogabbro, no visible mineralization
D365451 581170 7476035 Qtz vn in argillite, 10 cm wide, 30% pyrite, chalcopyrite
D365452 581079 7476142 Qtz vn in argillite, 50 cm wide, 30% pyrite, chalcopyrite
D365453 580589 7476740 Qtz vn, vuggy, 20% pyrite, chalcopyrite
D365454 580560 7476795 Qtz vn with veinlets, 20% sulfides, pyrite, chalcopyrite
D365455 580510 7477205 Qtz vn, 20cm, trace malachite, 1% chalcopyrite
D365456 580810 7477049 Monzogabbro, no visible sulfides
Figure # 1
Area of 2021
Fieldwork
Over 5 kilometres of
known copper, cobalt,
gold, lead, zinc
mineralization along
western flank of
Intrusive in close
proximity to Bathurst
Fault
Figure # 2
Greg Bronson, VP Exploration and director of Bathurst Metals commented “Our time on the Gela
property was limited however we did collect samples that returned significant results from our
inaugural site visit. Sampling work focused on the southern portion of the contact between the
Bathurst fault and a monzogabbro intrusion. Along with some high copper values we are seeing
high bismuth values that suggest the presence a very strong hydrothermal system, likely related to
the regional scale Bathurst fault that dissects the property. Additionally, we are seeing elevated
molybdenum assays that likely indicate the presence of local heat engine associated with the
monzogabbro intrusion sitting directly adjacent to the Bathurst fault. This package of structures
presents a very prospective exploration target that has not yet seen modern systematic exploration
nor has ever been drill tested. More work needs to be done on the Gela property to further
understand the environment of mineralization and to further explore known showings of Copper
and Cobalt on the northern portion of the property. Bathurst Metals has a very strong portfolio of
100% owned properties in Nunavut with experienced staff familiar with working in these areas.”
Quality Assurance/Quality Control – Rock Samples
All rock samples were collected by professional geoscientists. Samples were placed in plastic
sample bags with samples tags placed in each bag before being sealed. Samples were
transported to the field camp site and later to the ALS sample preparation facility in Yellowknife
under the supervision of a professional geoscientist. The Yellowknife sample preparation
laboratory crushed and pulverized samples and using a riffle splitter to obtain up to 85 percent of a
250 gram sample passing through 75um screen. The pulverized samples were then securely
transported to their laboratory in Vancouver and analyzed using procedure ME MS41(ultra trace
Aqua Regia ICP-MS) followed by an Au-OG44, ore grade gold 50gram sample analysis.
Lorne Warner, P.Geo, President of the company is a qualified person as defined by National
Instrument 43-101 and has reviewed and approved the scientific and technical content of this
news release.
On behalf of the Board of Directors
“Harold Forzley”
CEO
Bathurst Metals Corp.
For more information contact Harold Forzley, CEO
Neither 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.
Forward Looking Statements
Certain of the statements made and information contained herein may contain forward-
looking information within the meaning of applicable Canadian securities laws. Forward-
looking information includes, but is not limited to, information concerning the Company’s
intentions with respect to the development of its mineral properties. Forward-looking
information is based on the views, opinions, intentions and estimates of management at
the date the information is made, and is based on a number of assumptions and subject to
a variety of risks and uncertainties and other factors that could cause actual events or
results to differ materially from those anticipated or projected in the forward-looking
information (including the actions of other parties who have agreed to do certain things
and the approval of certain regulatory bodies). Many of these assumptions are based on
factors and events that are not within the control of the Company and there is no
assurance they will prove to be correct. There can be no assurance that forward-looking
information will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such information. The Company undertakes no
obligation to update forward-looking information if circumstances or management’s
estimates or opinions should change except as required by applicable securities laws, or
to comment on analyses, expectations or statements made by third parties in respect of
the Company, its financial or operating results or its securities. The reader is cautioned not
to place undue reliance on forward-looking information.
BATHURST METALS CORP.
665 DOUGALL ROAD, GIBSONS BC
WWW.BATHURSTMETALS.COM