Flow Metals Provides Update ON Ashuanipi GOLD Project and Company Marketing Initiative
810 – 789 West Pender Street
Vancouver, BC V6C 1H2
T: 604-725-1857
FLOW METALS PROVIDES UPDATE ON ASHUANIPI GOLD PROJECT AND COMPANY MARKETING
INITIATIVE
Vancouver, BC, July 28, 2020 - Flow Metals Corp. (the “Company” or “Flow”) is pleased to announce
that it has issued 500,000 Common shares at a deemed value of $0.11 per share as the 2nd payment
due pursuant to the Ashuanipi Property Agreement entered into on February 21, 2020, as amended on
April 23, 2020 to earn an undivided 100% interest in the Ashuanipi gold project in Quebec.
The Ashuanipi project is the result of artificial intelligence (AI) modeling of 330,900 km2 in the northern
portion of the Superior Province. CARDS AI is a proprietary artificial intelligence technique to aid
resource targeting developed by Windfall Geotek Inc. Historical exploration on the 115 claims has
yielded grab sample assays of 17.45, 12.25, and 8.13 g/t Au, respectively. The property hosts numerous
gold showings in banded iron formations (BIF).
A high-sensitivity helicopter-borne magnetic survey totaling 4,411-line kilometers at 50-meter line
spacing was completed on the property in August 2018 and seven geophysical exploration gold target
areas were selected based on thorough data processing. In September 2019, using the detailed survey,
Windfall Geotek refined a new CARDS AI gold signature and generated 52 precise CARDS AI gold
targets on the property. The targets are within 18 geophysical priority zones. The largest target is one
kilometer in length.
The Company also announces today that incentive stock options have been granted to a marketing
consultant to purchase up to an aggregate 500,000 Common shares of the Company, pursuant to the
terms of the Company’s stock option plan. The stock options are exercisable at a price of $0.11 per
share and expire 6 months from grant.
Qualified Person
Adrian Smith, P.Geo, is the qualified person for the Company as defined in the National Instrument
NI43-101 and has reviewed and approved the technical information presented in this news release.
Data Verification
The data disclosed in this news release relating to sampling and drilling results prior to 2019 are
historical in nature. Neither the Company nor a qualified person has yet verified this data and
therefore investors should not place undue reliance on such data. The Company's future exploration
work will include verification of the data.
810 – 789 West Pender Street
Vancouver, BC V6C 1H2
T: 604-725-1857
About Flow Metals
Flow Metals is a Canadian gold exploration company based in Vancouver. The Company seeks exciting
data rich gold projects with low capital requirements. The Company holds a 100% interest in three
Canadian gold projects. Please see the company presentation for more detail:
flowmetals.com/slidedeck
For further information, please contact:
Scott Sheldon, President
604.725.1857
Forward-Looking Information:
This press release may include “forward -looking information” (as that term is defined by Canadian securities legislation),
concerning the Company’s business. Forward- looking information is based on certain key expectations and assumptions
made by the Company’s management, including future plans for the exploration and development of its mineral properties.
Although the Company believes that such expectations and assumptions are reasonable, investors should not rely unduly on
such forward -looking information as the Company can give no assurance they will prove to be correct. Forward- looking
statements in this press release are made as of the date of this press release. The Company disclaims any intent or obligation
to publicly update any forward- looking informa tion (whether as a result of new information, future events or results, or
otherwise) other than as required by applicable securities laws.