1844 Announces Primary High-Resolution Survey and Extends Its Position to 295 Claims ON Native Copper Project
For Immediate Release
1844 ANNOUNCES PRIMARY HIGH-RESOLUTION SURVEY AND EXTENDS ITS POSITION TO
295 CLAIMS ON NATIVE COPPER PROJECT
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES
SASKATOON, Saskatchewan, May 24, 2022 (GLOBE NEWSWIRE) -- 1844 RESOURCES Inc.
(TSX-V:EFF) (the “Company” or “1844”) is pleased to announce that it has completed its high-
resolution aerial magnetic survey (the “Survey”) over the northeast part of is Native Copper property,
located in the Southern part of the Gaspé Peninsula.
The Survey, completed by Prospectair Geosurveys, consisted of a total of 3,402 line km, carried out on
flight lines spaced 50 meters apart. This type of survey makes it possible to interpret geological and
structural mapping by illustrating contrasts of magnetic susceptibilities and identifies geological units,
mainly volcanic units on the project, faults, and folds. (Fig: 220503_1844_CuivreNatif_Mag_PR.pdf)
The detail of the survey, combined with the MPPF lidar survey and the 2D compilation of historical data,
will allow a 2D geological and structural mapping of the volcano-sedimentary units of the “Membre de
l’Observation” members and the Mckay member: two members identified as metallotect having
demonstrated the presence of mineralization of the copper.
The reported geophysical survey data remains in preliminary form, awaiting final processing and leveling.
The Company anticipates that the results of the first vertical derivative (FVD) and the tilt derivative (TILT)
will highlight the local drops in the high frequency magnetic field close to the surface, and thus indicate
potential zones of alteration and fluid circulation. Additionally, the Survey will help to interpret and
highlight the high porosity units and the regional and/or local structures responsible for the circulation of
copper mineralizing fluids.
MR. Sylvain Laberge, President and CEO of 1844 states “We are very pleased with the initial results of
the Survey and look forward to receiving the final interpretation in due course. All of the geological work
that we have completed to date indicate a high level of confidence in the prospective nature of the
Native Copper project.”
1844 further announces that it has extended its land position by claiming 17 new cells and by acquiring a
100% undivided interest in 7 additional claims on its Native Copper Project from a private arms-length
vendor ( “Vendor”). As consideration, the Vendor will receive cash consideration of $5,000, 500,000
Press-release 22-03
common shares and a 2% net smelter returns royalty, 1% of which may be retired for a one-time
payment of $750,000. (Fig : 220503_1844_CuivreNatif_Titres_PR.pdf)
About Native Copper: 1844 Resources has 100% undivided interest in 295 claims in the Southern part of
the Gaspé Peninsula, to the North-West of the municipality of Chandler and Northeast of Port-Daniel. The
project now extends on 98sq/km and 7 known showings are part of the property.
About 1844 Resources Inc.: 1844 is an exploration company with a focus in strategic and energetic metals
and underexplored regions “Gaspé, Chibougamau Québec”. With a dedicated management team, the
Company’s goal is to create shareholder value through the discovery of new deposits.
Bernard-Olivier Martel, P. Geo, the Company's Director of Exploration, is a qualified person (as such term
is defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects) and has reviewed
and approved the technical disclosure contained in this news release.
1844 RESOURCES INC.
(signed) “Sylvain Laberge”
Sylvain Laberge
President and CEO
514.702.9841
FORWARD LOOKING INFORMATION
This press release contains statements which, other than statements of historical fact
constitute “forward-looking statements” within the meaning of applicable securities laws,
including statements with respect to: results of exploration activities, mineral res ources.
The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”,
“estimate”, “expect” and similar expressions, as they relate to the Company, are
intended to identify such forward-looking statements. This press release contains forward-
looking information in a number of places, such as in statements relating to use or
proceeds from the Offering, the closing of the Offering and the ability to obtain the
necessary regulatory approvals. Investors are cautioned that forward-looking statements
are based on the opinions, assumptions and estimates of management considered
reasonable at the date the statements are made, and are inherently subject to a variety
of risks and uncertainties and other known and unknown factors that could cause actual
events or results to differ materially from those projected in the forward -looking
statements. These factors include the general risks of the mining industry, as well as those
risk factors discussed or referred to in the Company's annual information form for the year
ended April 30, 2021, available at www.sedar.com. Should one or more of these risks or
uncertainties materialize, or should assumptions underlying the forward -looking
statements prove incorrect, actual results may vary materially from t hose described
herein as intended, planned, anticipated, believed, estimated or expected. Although
the Company has attempted to identify important factors that could cause actual
actions, events or results to differ materially from those described in forwa rd-looking
information, there may be other factors that cause actions, events or results not to be as
anticipated, estimated or intended. There can be no assurance that such information will
prove to be accurate as actual results and future events could differ materially from those
anticipated in such statements. The Company does not intend, and does not assume any
obligation, to update these forward-looking statements except as otherwise required by
applicable law.