Frankfurt and Berlin Exchanges: EML EMERGENT METALS STAKES GRAPHITE CLAIMS IN QUEBEC
EMERGENT METALS CORP.
Suite 1010 – 789 West Pender Street
Vancouver, B.C. V6C 1H2
www.emergentmetals.com
October 26, 2023 TSX Venture Exchange : EMR
OTC : EGMCF
Frankfurt and Berlin Exchanges: EML
EMERGENT METALS STAKES GRAPHITE CLAIMS IN QUEBEC
Vancouver, British Columbia – October 2 6, 2023 - E mergent Metals Corp. ("Emergent" or the
“Company”) (TSX Venture Exchange: EMR) announces that it has staked 32 mineral claims, totalling
1,790 ha, west of and abutting its Casa South Property in Quebec . Together, with selected claims already
controlled by the Company, a graphite exploration target is covered by approximately 75 mineral claims
totaling 4,194 ha. The target, on the west side of the larger 13,194 ha Casa South Property, hosts a north-
west-southeast trending structure approximately 8 km in length (true with unknown) and is associated in
an iron formation structure identified by geophysics and historic Assessment Reports.
In the 1970’s and 80’s, exploration in the Casa Berardi area included drilling in iron formations by
companies looking for gold and base metal deposits. The iron formation structure identified on the Casa
South property was drilled with over a dozen historic drill holes, in various locations , spread along its
northwest-southeast orientation. While assays were done for gold and other metals, no assays were done
for graphite analysis. In reviewing the drill logs from this structure, significant graphite or graphitic zones
are described and warrant further exploration.
For example, in Assessment Report GM43138 by MPH Consulting Limited, the log for drill hole FK -86-
01 describes several zones of graphitic argillite/metasediment and tuff as outlined in Table 1 below. Table
1 includes the following significant intercepts related to graphitic areas:
Table 1
Potential Graphitic Zones at Casa South Property, QC
Depth Down Hole (m)* Drill Log Description
184..0 to 194.7 Graphitic Argillite/Metasediment and Tuffs
184.0-184.4 admixed graphite and brecciated volcanics; bleached white with 5% pyrite.
184.4-187.9 massive graphite
187.9-191.7 graphite with 10-15% pyrite as beds and framboids, many framboids have
cherty rims, bedding of pyrite 50-60 degrees TCA
191.7-193.3 massive graphite, few pyrite framboids and best
193.3-194.7 graphite with pyrite beds and framboids; at approximately 194.1 black
argillite with 20-25% very fine grained pyrite disseminated throughout
207.1 to 217.0 Graphitic Argillite/Metasediment and Tuffs
- mainly massive graphite with pyrite beds and framboids
- few cherty breccia zones,
- 10-15% pyrite on average
- Black argillite section with fine grained pyrite again about 0.5 m
above the contact
- 214-6-215.1: 60-70% pyrite as large coalesced framboids
221.7-223.8 Graphitic Argillite/Metasediment and Tuffs
- Similar to previously described sections but much less pyrite
*True width unknown
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Hole FK-86-01 was drilled by Philippon Drilling Inc. in February 1986. Core size was BQ. Location was
L 308S and 3+25 South. Hole length was 240.5 m, drilled at a dip of - 50 degrees, on bearing Grid E.
Sampling was done for Cu, Zn, P b, Au, and Ag. No assays were taken for graphite. The laboratory and
QA/QC procedures are unknown. Sampling was done prior to the implementation of National Instrument
43-101 or CIM guidelines for mineral exploration. Emergent’s geologists have not verified this data.
David Watkinson, President and CEO of Emergent, stated, “China just announced new export restrictions
on certain graphite products, making the need for graphite production in North America even more critical
in the battery supply chain. While historic explorers did not evaluate the graphite potential of the western
part of the Casa South Property, it is clear from the drill logs that a well-defined graphite target exists from
both geophysics and historic drilling that warrants exploration, including modern drilling and assaying to
test the graphitic zones. The target area is easily accessible from the Casa Berardi Mine access road.”
Qualified Person
Robert Pease, C.P.G., a qualified person under the NI 43-101 instrument, has reviewed and approved the
content of this press release. Mr. Pease is a consultant to the Company and, as such, is non-independent.
About Emergent
Emergent is a gold and base metal exploration company focused on Nevada and Quebec. The Company’s
strategy is to look for quality acquisitions, add value to these assets through exploration, and monetize them
through sale, joint ventures, option, royalty, and other transactions to create value for our shareholders
(acquisition and divestiture (A&D) business model). Successful divestitures include the sale of the Troilus
North Property to Troilus Gold Corporation ( TSX:TLG), sale of the East -West Property to O3 Mining
Corporation (TSXV:OIII) and option of the Mindora (aka West Santa Fe Property) to Lahontan Gold
Corporation (TSXV:LG).
In Nevada, Emergent’s Golden Arrow Property, is an advanced stage gold and silver property with a well-
defined measured and indicated resource, 2018 Technical Report, and Plan of Operations and
Environmental Assessment in place to allow a major drilling program, subject to financing. New York
Canyon is a copper skarn, copper porphyry, and gold exploration property south of and abutting the past
producing Santa Fe Gold Mine, being advanced by Lahontan Gold. The Mindora Property is a gold, silver,
and base metal property located twelve miles from the Santa Fe Gold Mine and under option to Lahontan
Gold. Buckskin Rawhide East is a gold and silver property leased to Rawhide Mining LLC, operators of
the Rawhide Mine.
In Quebec, the Casa South Property is a large exploration property adjacent to and south of Hecla Mining
Corporation’s (NYSE:HL) operating Casa Berardi Mine with multiple exploration targets identified. The
Trecesson Property, located about 50 km north of the Val d’Or mining camp, has two major exploration
targets with multiple high-grade (>10 g/t) gold intercepts from historic and recent drilling.
Also in Quebec, Emergent has a 1% NSR in the Troilus North Property, part of the feasibility stage Troilus
Mine Property being explored by Troilus Gold. Emergent also has a 1% NSR in the East -West Property,
owned by O3 Mining and part of their feasibility stage Marban Alliance Property.
Note that the location of Emergent ’s properties adjacent to producing or past producing mines does not
guarantee exploration success at Emergent’s properties or that mineral resources or reserves will be
delineated. For more information on the Company, investors should review the Company’s website
at www.emergentmetals.com or view the Company’s filings available at www.sedarplus.ca.
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On behalf of the Board of Directors
David G. Watkinson, P.Eng.
President & CEO
For further information please contact:
David G. Watkinson, P.Eng.
Tel: 530-271-0679 Ext 101
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Note on Forward-Looking Statements
Certain information contained in this news release constitutes “forward -looking information” or “forward-looking statements”
(collectively, “forward-looking information”). Without limiting the foregoing, such forward-looking information includes
statements regarding the process and completion of the Offering, the use of proceeds of the Offering and any statements regarding
the Company’s business plans, expectations and objectives. In this news release, words such as “may”, “would”, “could”, “will”,
“likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used
to identify forward-looking information. Forward looking information should not be read as guarantees of future performance or
results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance wi ll be
achieved. Forward-looking information is based on information available at the time and/or the Company management’s good faith
belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other unpredict able
factors, many of which are beyond the Company’s control. For additional information with respect to these and other factors and
assumptions underlying the forward-looking information made in this news release, see the Company’s most recent Management’s
Discussion and Analysis and financial statements and other documents filed by the Company with the Canadian securities
commissions and the discussion of risk factors set out therein. Such documents are available at www.sedar.com under the
Company’s profile and on the Company’s website at www.emergentmetals.com. The forward-looking information set forth herein
reflects the Company’s expectations as at the date of this news release and is subject to change after such date. The Company
disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information,
future events or otherwise, other than as required by law.