Groundtruth Mobilizes FOR Phase I Reconnaissance at Poncheville Lithium Prospects
CSE: CDN
OTCQB: AXVEF
Frankfurt: 338B
FOR IMMEDIATE RELEASE
GROUNDTRUTH MOBILIZES FOR PHASE I RECONNAISSANCE
AT PONCHEVILLE LITHIUM PROSPECTS
Vancouver, British Columbia – July 18, 2023 – CDN Maverick Capital Corp. (“Maverick” or the
“Company”) (CSE: CDN; OTCQB: AXVEF; Frankfurt: 338B) is pleased to announce the mobili-
zation of GroundTruth Exploration to conduct the Phase I reconnaissance of the Poncheville Lith-
ium Prospects. These prospects span nearly 40,000 hectares across the Poncheville and Chabin-
oche properties and are located approximately 65 km northeast of the mining town of Matagami.
Maverick and the GroundTruth technical team have planned a comprehensive prospecting pro-
gram to map and identify potential lithium pegmatite occurrences within this large land package.
About 90 reconnaissance traverses spaced 1,000m apart for a total of approximately 400 linear
kilometers had been planned over both properties. The team is equipped with SciAps 901Z LIBS
analyzers, a tool that allows onsite lithium and pathfinder element testing and composite sample
collection from prioritized outcrops. This approach will assist in creating a preliminary geochemical
map of the lithium bearing anomalies on our properties. High-resolution (5cm-7cm pixel resolu-
tion) orthophoto and DEM on the first identified targets will be undertaken using drone- assisted
orthoimagery and Lidar.
Samples are prepared and dispatched from the exploration camp to the nearby SGS preparation
facility in Val D'or on a weekly basis, after which they will be shipped to SGS lab in Burnaby, BC
for assaying.
Maverick’s CEO Adam Cegielski commented, "We are excited to commence this comprehensive
program. The James Bay area extremely active with many eyes on the recent activity and discov-
eries. There are strong indications that some of the most significant trends in the area may also
exist within our Project. During Phase I our primary focus is to prove the existence of lithium-rich
pegmatites. Upon confirmation, Phase II will involve detailed mapping, the prioritization of targets
and the initial drill testing of the most favorable zones."
Qualified Person
Raul Sanabria, M.Sc., P.Geo., the qualified person for the C ompany as defined by Canadian
National Instrument 43- 101 has reviewed and approved the technical information contained in
this release.
About CDN Maverick Capital Corp.:
CDN Maverick Capital Corp. is a diversified exploration Company, with a core focus on lithium.
Electric Avenue Ontario: Northwind Lake Lithium Property
7,040 hectares in the “Electric Avenue”, an emerging lithium pegmatite exploration camp in the Red Lake area of
Ontario, near to Frontier Lithium’s PAK Lithium Project.
Jame Bay Quebec: Poncheville Lithium Project
CSE: CDN
OTCQB: AXVEF
Frankfurt: 338B
Lithium pegmatite prospect spanning nearly 40,000 hectares across the Poncheville and Chabinoche properties
Rainbow Canyon Nevada:
The Company also owns the Rainbow Canyon Gold Project in Nevada
Investments
1. Holds 408,291 shares of NOAL Lithium Brines Inc., a lithium company actively working in the Lithium Triangle and
drilling it’s maiden resource in the area.
2. Holds over 1.6M shares in Noram Lithium Corp.; a lithium clay sands exploration and development Issuer located in
Clayton Valley Nevada with a significant lithium resource known as the Zeus project. Noram is working towards a
Prefeasibility Study.
As part of its ongoing efforts, CDN is actively expanding its critical min erals portfolio across the Americas, with a firm
commitment to sustainable and ESG-friendly investing and exploration.
ON BEHALF OF THE BOARD OF DIRECTORS
Sandy MacDougall
Founder, Chairman, and Director
C: 778.999.2159
Adam Cegielski
CEO, Director
C: 905.510.8890
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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; t he
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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CSE) accepts responsibility for the adequacy or accuracy of this release.