Bathurst Metals Corp. Obtains Water Permit for Diamond Drilling the Turner Lake Project,
September 29, 2022 TSX-V: BMV /OTC: BMVVF
Bathurst Metals Corp. Obtains Water Permit for Diamond Drilling the Turner Lake Project,
Nunavut, Canada.
VANCOUVER, BRITISH COLUMBIA – (September 29, 2022) – Bathurst Metals Corp. (the “Company”)
announces it has been awarded the required water permit for diamond drilling on the Turner Lake
Project.
The water permit is good for three (3) years and a requirement for surface diamond drilling.
The five (5) year drill permit application is nearing completion and will be finalized once the required
reclamation bond payment has been received.
About the Turner Lake Project
The Turner Lake project area covers 7,071.97 hectares, which also contains the Main, East and TED
gold zones and the Nickel Knob, massive sulphide mineral deposits.
The Main and East gold zones are hosted along a classic Archean age iron/magnesium
tholeiitic contact with gold mineralization occurring mainly within a crackle fractured greywacke.
The TED showing occurs in an Archean Age iron formations hosting several +20 gram/tonne
gold values in grab samples in area that has not been drill tested.
Visible gold is common in the Main and TED gold zones.
The East gold zone is approximately two kilometres east of the Main gold zone along the same
strike. Grab rock samples have returned up to 31.0 grams per tonne gold and the zone has not
been drill tested.
Discovered in the 1960s, the Main gold zone has only had 22 diamond drill holes test across the
contact from Chevron Minerals in 1986 to 1989 and Northrock Resources Inc. in 2008/2009. Historical
diamond drilling results include from Chevron Minerals:
28.00 g/t Au over 4.75 metres;
12.86 g/t Au over 8.87 metres;
15.20 g/t Au over 4.00 metres;
10.00 g/t Au over 4.00 metres.
Northrock Resources diamond drilling results included:
13.20 g/t Au over 13.00 metres;
22.54 g/t Au over 12.00 metres;
16.20 g/t Au over 8.50 metres.
* All lengths presented are core lengths.
The Nickel Knob massive sulphide deposit is approximately 1.9 kilometres south of the Main
gold zone and has had only limited drill testing consisting of five diamond drill holes. All holes
encountered massive sulphides with the best intercept recorded being 1.81 per cent copper,
1.64 per cent nickel over a 14.0-metre core length.
Harold Forzley, chief executive officer and director of Bathurst Metals, commented: " Based on our
previous fieldwork results the company is preparing to commence preparations on the 2023 extensive
diamond drilling campaign on our flagship Turner Lake Main zone. Bathurst Metals has a strong
34,690-hectare portfolio of 100-per-cent-owned properties in Nunavut employing experienced
geotechnical staff familiar with Northwestern Nunavut."
Qualified person
Lorne Warner, PGeo, is a qualified person as defined by National Instrument 43-101 and has reviewed
and approved the scientific and technical disclosure in 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.