New Area with GOLD IN Soil Anomalies Occuring ON the Peerless Claims, Goldbridge Mining CAMP, South-Central British Colombia
September 13, 2023 PRESS RELEASE TSX-V: BMV OTC: BMVVF
NEW AREA WITH GOLD IN SOIL ANOMALIES OCCURING ON THE PEERLESS CLAIMS,
GOLDBRIDGE MINING CAMP, SOUTH-CENTRAL BRITISH COLOMBIA
Vancouver, B.C. September 13, 2023 – Bathurst Metals Corp. (“Bathurst” or the “Company”) is pleased
to announce the assay results from our spring soil sampling program on the Peerless Mineral Tenures
(“Peerless”) property located in the Goldbridge Mining Camp (“Goldbridge Camp”) in south-central British
Columbia. The soil sampling program was designed to cover an area where thrust bound, ultramafic
intrusives occur. The ultramafics were observed to be listwanite altered; a classic geological setting in
the Goldbridge Camp known to host gold deposits.
The Goldbridge Camp, located 180km north of Vancouver is remarkably similar to the Mother Lode camp
of California in terms of ore mineralogy, wall rock alteration and geological setting. The Goldbridge Camp
contains over 60 mineral localities including the historical large producer Bralorne Mine, which yielded
over 4 million oz gold. The Bralorne Mine and is still being actively explored. Currently, other juniors are
active in the Goldbridge Camp area and are consistently getting good results. Our nearest neighbour,
Endurance Gold Corporation's Reliance Gold Project last reported 7.87 grams per tonne gold over 7.6
metres (September 5, 2023, news release).
The Peerless Property, located in the heart of the Goldbridge Camp contains historical drill assay results
of up to 28.92 grams/tonne gold over 4.57 metre drill lengths in similar geological and structural settings
to other deposits in Goldbridge Camp.
Field crews collected a total of 200 soil samples over an area of altered ultramafics. Figure #1 below
provides a plan view of historical gold in soil anomalies in the Peerless, Beta and Alpha Zones and also
shows the newly discovered Lamba and Kappa Zones, with gold in soil anomalies.
Figure # 2 is a Google Maps plan view of the topography and road access to the Lamba and Kappa
zones. The Peerless project covers an area of subdued topography with good two-wheel drive road
access to most of the property with making the project easy to work year-round.
A drill permit application has been submitted and approved by the British Columbia Ministry of Mines
once the bond has been posted by the Company. The drilling program is timed to occur later this year.
Bathurst President, Lorne Warner said "At this point, every area that Bathurst has collected soil samples
over has returned anomalous gold values. Our geological team believes the project hosts a similar
structural and geological setting as the known gold deposits in the Goldbridge Camp".
Qualified Person
Greg Bronson, P Geo, 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. Mr. Bronson is not independent
of the Company.
Figure # 2
ON BEHALF OF THE BOARD OF DIRECTORS
“Harold Forzley”
CEO
Bathurst Metals Corp.
For more information contact Harold Forzley
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.
.