Bolt Metals Builds on Copper Project Holdings with Advanced U.S. Based Asset
Bolt Metals Builds on Copper Project Holdings with Advanced U.S. based Asset
Vancouver, B.C. – September 25, 2024 – Bolt Metals Corp. (“Bolt” or the “Company”) (CSE:
BOLT) (FRANKFURT: A2QEUB) (OTCQB: PCRCF) is pleased to announce that further to its
press release of June 17, 2024 and subsequent to significant expansion of the property via
staking, the Company is providing full details of the Soap Gulch copper project located in Silver
Bow and Madison counties, Montana, USA.
Property Highlights
• Historic drill intercept; 11.7m of 1.2% copper, 0.20g/t gold and 0.04% cobalt
• 5,000m of preserved historic drill core never assayed for copper
• 20km gossanous zone trend of mineralization
• Comparable target is Teck’s long-lived Sullivan Mine
• Road accessible via interstate highway, 1 hour from major airport
"The acquisition of the Soap Gulch property provides the Bolt with another advanced and highly
prospective copper asset in a tier-one mining jurisdiction," remarked Branden Haynes, Bolt’s
President and CEO. Soap Gulch like our recently acquired Silver Switchback copper project is a
drill-ready, easily accessible, low cost to explore property that we anticipate should provide
additional near-term re-rating opportunities for the Company.”
Soap Gulch Details
The road accessible Soap Gulch property lies within Silver Bow and Madison Counties, 32
kilometres south of Butte, Montana, the location of the world-renowned Butte copper mine. It is
comprised of 216 Federal Unpatented Lode Claims and totals 4,320 acres.
More specifically, the Soap Gulch Property:
a) is underlain by the important Proterozoic meta-sedimentary rocks. These rocks are of
significance such that they are age equivalent to the important past producing Sullivan
Mine in British Columbia which over its lifetime, from 1909-2001, produced 26 million
tonnes of lead, zinc and silver concentrates. By the time the Sullivan Mine closed in 2001,
it had become one of the largest underground mines in Canada with almost 500 kilometres
of tunnels1;
b) has significant historic drill and trench results including up to; 4.7% copper, 19% zinc, 2.3
g/t gold, and 0.3% cobalt;
c) has ease of access to the properties;
d) is within a mining friendly jurisdiction;
e) was previously held by major mining companies for long periods of time, and whom
continue to express interest today; and
f) has a number of significant geophysical anomalies identified in a 2018, 327-line kilometre,
high resolution airborne geophysical survey.
Information in this press release is based on the January 3, 2019, NI 43-101 Technical report for
the Soap Gulch Property, Silver Bow County & Madison County, Montana, USA authored by Dean
Besserer B.Sc., P. Geol.
Until the original historic data has been recovered and/or archived drill core can be re-logged,
photographed and sampled, the historic intercepts should not be relied upon. The company has
not completed any quality assurance program or applied quality control measures to the historical
data.
1 https://www.teck.com/operations/canada/legacy/sullivan-mine/sullivan-mine-legacy
Qualified Person
Mr. Garry Clark, P. Geo., a member of the Company's Board of Directors, a "Qualified Person"
under NI 43-101, has reviewed the technical contents of this news release and has approved the
disclosure of the technical information contained herein.
Bolt Metals Corp.
Branden Haynes – Director and CEO
(604) 817-1595
Reader Advisory
This news release may contain statements which constitute “forward-looking information”. The
words “may”, “potential”, “should”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”,
“estimate”, “expect”, and similar expressions, are intended to identify such forward -looking
statements. Investors are cautioned that any such forward-looking statements are not guarantees
of future business activities and involve risks and uncertainties, and that the Company’s future
business activities may differ materially from those in the forward-looking statements. There can
be no assurances that such information will prove accurate and, therefore, readers are advised
to rely on their own evaluation of such uncertainties. The Company does not assume any
obligation to update any forward-looking information except as required under the applicable
securities laws.
The Canadian Securities Exchange has not approved or disapproved this news release.