CDN Maverick Completes Exploration Work at Inferno Silver Property in British Columbia, Canada
CSE: CDN OTCQB: AXVEF Frankfurt: A117RU
FOR IMMEDIATE RELEASE
CDN MAVERICK COMPLETES EXPLORATION WORK AT INFERNO SILVER PROPERTY IN BRITISH COLUMBIA, CANADA
Vancouver, British Columbia – November 30, 2021 – CDN Maverick Capital Corp. (“Maverick” or the “Company”) (CSE: CDN; OTCQB:AXVEF; Frankfurt: A117RU) is pleased to announce completion of fieldwork for 2021 exploration program at the Inferno Silver Property (the “Property”) in British Columbia, Canada. The exploration work involved mapping, prospecting and sampling, in combination with a ground magnetic and very low frequency (VLF) electromagnetic geophysical survey. A total of 71 grab and selected channel cut rock samples and 110 soil samples were collected during this work program.
Focus of the fieldwork was to explore areas around the three historical mineral showings (Inferno, Scarlet and Stake 2 occurrences) reported on the Property. Several quartz veins and mineralized rock outcrops were located on surface with visible galena, pyrite, chalocopyrite and other sulphides. A few samples with graphitic carbon (Cg) were also collected which are being tested for graphite content.
A 19.50 line-kilomteres of ground geophysical survey was also completed along a grid at about 12.5m station intervals using a GEM GSM-19 portable magnetometer and VLF-EM system. The GEM VLF takes true measurements of the total magnetic field in nT and the Vertical in-phase & Out-of-phase components of EM fields as % of total field within the VLF frequency range of 15 - 30kHz. The objectives of the survey were to map and characterize geological features that predominantly control structures and mineralized zones.
The rock samples were collected in the field by placing 0.3-2 kg of material in a heavy grade plastic sample bag with the sample number written with permanent marker. Rock samples were recorded as to location, lithology, colour, texture, and mineralization. Sample locations were determined by hand-held GPS set to report locations in UTM coordinates using the North American Datum established in 1983 (NAD 83) Zone 11N.
For 2021 work program, conventional soil samples were collected from the B-horizon wherever possible along the geophysical survey lines. Soil samples were placed into brown paper kraft bags, and were then placed into plastic poly bags which were sealed with a cable tie. Samples were dried in the field or base camp daily, weather permitting. Relevant details pertaining to the soil samples, such as location parameters, depth, horizon and sample quality, were recorded by the sampler in the field. All the samples were delivered to ALS Metallurgy Kamloops laboratories at 2957 Bowers Place, Kamloops, British Columbia. Ten percent field duplicates were also collected as part of field quality control and quality assuarance (QA/QC) purposes.
ALS Laboratories are independent group of laboratories accredited under both ISO 17025 with CAN-P-1579 for specific registered tests and is independent of CDN Maverick Capital Corp. Sample analysis packages used for sample preparation and analysis are provided below:
“Each of the bulk rock samples would be crushed to minus 6 mesh and homogenized. A head cut would be extracted from each of the samples and pulverized. The pulverized head cuts would be assayed here by fire assay for gold and submitted to ALS Geochemistry North Vancouver for fouracid ICP multielement analyses using ME-MS61, including any required overlimits. Nine selected samples would be assayed for C using C-IR18. The 110 soil samples will be forwarded to ALS Geochemistry North Vancouver for aqua regia multi-element analysis by ME-MS41L”.
The technical information contained in this news release has been reviewed and approved by Afzaal Pirzada., P.Geo., who is a Qualified Person with respect to Maverick’s Inferno Property as defined under National Instrument 43-101.
About CDN Maverick Capital Corp.
CDN Maverick Capital Corp. is a Vancouver-based junior resource company whose focus is on the development of their Rainbow Canyon Gold Project, which consists of 668.86 hectares of prospective gold exploration in the Olinghouse Mining District, in the Washoe County Nevada.
ON BEHALF OF THE BOARD OF DIRECTORS
“Sandy MacDougall”
Chairman & Director Phone: (604) 662-7902
This news release contains projections and forward - looking information that involve various risks and uncertainties regarding future events. Such forward - looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. The following are important factors that could cause the Company’s actual results to differ materially from those expressed or implied by such forward looking statements; the uncertainty of future profitability; and the uncertainty of access to additional capital. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from anticipated in such information. These and all subsequent written and oral forward- looking information are based on estimates and opinions of management on the dates they are made and expressed qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking information should circumstance or management’s estimates or opinions change.
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