1844 Extends Its Position to 299 Claims on Native Copper Project
1844 Extends Its Position to 299 Claims on
Native Copper Project
Saskatoon, Saskatchewan--(Newsfile Corp. - June 20, 2022) -
1844 RESOURCES INC. (TSXV: EFF)
(the "
Company
" or "
1844
") announces that it has acquired the final four (4) claims required to complete
its land position on it Native Copper Project on the Gaspe Peninsula of eastern Quebec.
This addition
now brings the total land position to 299 claims covering over 98 square kilometres and includes seven
(9) known copper showings and high-grade drilling, trenching and grab sample assays for both coppers.
(Map of Native Copper Project complete with showings and LIDAR background)
Mr. Bernard-Olivier Martel, Director of Exploration at 1844, states "we are exceptionally pleased with this
addition as it closes off our land position and adds the remaining two (2) known showing in the Native
Copper Project area.
The high-grade samples taken to date on the limited exploration done in the area
are highly prospective and strengthens our thesis that the Native Copper Project could become a copper
exploration camp in the Gaspe Peninsula."
Historic work results on these newly acquired claims are as
follows:
Showing
GM
Type
Cu (%)
Ag (g/t)
Length
(m)
Fer à Cheval 2
GM56982
Trenches/channels: 95-04
2.62
24
11
Triangle d'Argent
GM57820
Main showing
5.4
2.8
11.6
Triangle d'Argent
GM59588
Trenches/channels: TR 2000-02
4.14
7
1
Triangle d'Argent
GM59588
Trenches/channels: TR 2000-04
10.3
21.3
9
Triangle d'Argent
GM61139*
Drilling: TA-2002-01
0.39
0.43
Triangle d'Argent
GM61139*
Drilling: TA-2002-02
0.62
1.98
Triangle d'Argent
GM61139*
Drilling: TA-2002-02
1.77
2.23
Triangle d'Argent
GM61139*
Drilling: TA-2002-03
1
1.05
Triangle d'Argent
GM61139*
Drilling: TA-2002-04
0.38
1.5
Triangle d'Argent
GM61139*
Drilling: TA-2002-04
0.13
3.04
Triangle d'Argent
GM61139*
Drilling: TA-2002-04
0.4
1.46
Triangle d'Argent
GM61139*
Drilling: TA-2002-05
1.21
3.04
Triangle d'Argent
GM61139*
Drilling: TA-2002-06
1.4
2.64
Triangle d'Argent
GM61139*
Drilling: TA-2002-07
0.29
3.35
Triangle d'Argent
GM61139*
Drilling: TA-2002-08
0.35
3.05
* The GM report does not include any certificates of analysis or summary tables of results.
These
exposed values are selected from longitudinal section available in the report.
Under the terms of the purchase agreement (the "Agreement"), the Vendor, an arms-length party, will
receive $5,000 and 500,000 common shares and a 2% net smelter returns royalty, 1% of which may be
retired for a one-time payment of $750,000.
Vortex Update
After detailed analysis 1844 has decided to postpone its previously announced drill program on the
Vortex Project due to the proximity of a habitat of a vulnerable or threatened wildlife species (Forest
Caribou, Gaspésie population). 1844's technical team has now shifted its exploration plans firmly to the
Native Copper Project.
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
Some of the statements contained in this press release are forward-looking statements and information
within the meaning of applicable securities laws. Forward-looking statements and information can be
identified by the use of words such as "expects", "intends", "is expected", "potential", "suggests" or
variations of such words or phrases, or statements that certain actions, events or results "may", "could",
"should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and
information are not historical facts and are subject to a number of risks and uncertainties beyond the
Company's control. Actual results and developments are likely to differ, and may differ materially, from
those expressed or implied by the forward-looking statements contained in this news release.
Accordingly, readers should not place undue reliance on forward-looking statements. The Company
undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except
as may be required by law.
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https://www.newsfilecorp.com/release/128335