International Samuel Exploration Increases Williams Gold Porphyry Property by 50%, Announces Non-Brokered Private Placements & Appoints Mike Muzylowski to the Advisory Board
888-700 West Georgia Street, Vancouver, British Columbia V7Y 1G5
International Samuel Exploration Increases Williams Gold
Porphyry Property by 50%, Announces Non-Brokered Private
Placements & Appoints Mike Muzylowski to the Advisory Board
January 19, 2018 - International Samuel Exploration Corp. (the “Company” or “International
Samuel”) (TSXV: ISS USA: ISSFF FSE: RFC2 ) increases its land position at the Williams
gold/copper porphyry property by 2,536 ha for a total of 7695 ha. The Williams Property is on
trend and northwest to the recent acquisition of AuRico Metals Inc. (Kemess Mine) by Centerra
Gold Inc. in a $310 million dollar transaction. L ocated between the Williams Property and
Centerra Gold Inc. acquisition is Amarc Resources Ltd.’s Joy project , which was recently
funded by Hudbay Minerals Inc. for $3.15 million dollars.
The Williams gold/copper property hosts two large exploration targets, the T -Bill prospect
which is prospective for mesothermal style gold mineralization, and the GIC porphyry prospect
which is prospective for porphyry copper -gold-molybdenum style mineralization. The T -Bill
prospect contains widespread alteration along with a large 1,200 by 2,300 -metre gold in soil
anomaly defined by gold greater than 100 parts ppb. The zone contains gold-rich quartz veins
locally with visible gold. Historical drilling within a small portion of the anomaly (300 m by
300 m) intercepted 11 separate two-metre intervals containing more than 12 g/t gold. The best
historical drill intersections include two metres at 24.8 g/t gold and two metres at 35.0 g/t gold.
The mineralized veins occur as multiple subparallel vein swarms and could have bulk minable
potential in addition to the high-grade underground vein targets.
International Samuel is pleased that Canadian Mining Hall of Fame inductee Michael
Muzylowski has agreed to join the Company’s Advisory Board. Mr. Muzylowski is a
geological engineer with a career spanning more than 35 years of varied experience in resource
exploration and mining operations in diverse parts of the world. H is diverse talents were
instrumental in the discovery and development of 16 mineral deposits that became producing
mines. He has directed grassroots exploration programs, developed properties from exploration
to production and managed mining operations.
Conrad Swanson , President of Internati onal Samuel Exploration Corp., stated “I can’t say
enough about Mr . Muzylowski, a Canadian Mining hall of famer. I have no doubt Mr.
Muzylowski’s vast experience can assist in fast tracking our Company’s potential.”
Non-brokered Private Placement
The Company also would like to announce a non-brokered private placement which includes a
flow-through unit offering (“FT Units”) of up to 4,500,000 FT Units, raising gross proceeds of
up to $540,000. Each FT Unit, priced at $0.12 is comprised of one common share of the
Company and one common share purchase warrant exercisable to acquire one non -flow-
through (“NFT”) common share at a price of $0.15 per share for a period of 24 months from
the closing date of the FT Unit offering, subject to abridgement of the exercise period (after
the expiry of the 4 month hold period) with 30 days’ notice to holders in the event that the
closing price of the Company’s shares for 10 consecutive trading days exceeds $0.25.
888-700 West Georgia Street, Vancouver, British Columbia V7Y 1G5
In addition, the Company has arranged a non -brokered non-flow-through private placement
unit offering (the “NFT Units”) of up to 2,000,000 NFT Units, raising gross proceeds of
$200,000. Each NFT Unit will be comprised of one common share of the Company at a
subscription price of $0.10 per common share and one share purchase warrant entitling the
holder thereof to purchase one additional common share of the Company at an exercise price
of $0.15 per share for 24 months from the closing date of the NFT unit offering , subject to
abridgement of the exercise period (after the expiry of the 4 month hold period) with 30 days’
notice to holders in the event that the closing price of the Company’s shares for 10 consecutive
trading days exceeds $0.25.
The financings are subject to TSX Venture Exchange (“TSXV”) approval.
The Company may pay a finder’s fee of 8% cash and/or 8% warrants to eligible persons in
compliance with applicable securities laws and exchange policies.
The proceeds of this private placement will be used for the purpose of carrying out the
exploration programs on the Company’s British Columbia properties and for general working
capital.
Technical disclosure in this news release has been reviewed and approved by Derrick
Strickland P. Geo., a qualified person as defined by National Instrument 43-101.
The Company has not verified the historical exploration results reported for the former
operators of the Williams gold/porphyry property.
ON BEHALF OF THE BOARD OF DIRECTORS
“Conrad Swanson”
Conrad Swanson
Chairman
For further information, please contact:
International Samuel Exploration Corp.
Telephone: 604-317-3090
Email: [email protected],
www.internationalsamuelexploration.com
Neither the 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 Information
Certain statements in this news release constitute “forward-looking” statements. These statements relate to future
events or the Company’s future performance as described in the above news release. All such statements involve
substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary
from those expressed or implied by such forward -looking statements. Forward -looking statements involve
significant risks and uncertainties, they should not be read as guarantees of future performance or results, and
they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results
could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking
statements contained in this news release are based upon what management of the Company believes are
reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results
888-700 West Georgia Street, Vancouver, British Columbia V7Y 1G5
will be consistent with these forward-looking statements. The forward-looking statements contained in this press
release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise
any forward -looking statements whether as a result of new information, future events or otherwise, except as
required under applicable securities regulations.