Go Metals Corporate Update
810 – 789 West Pender Street
Vancouver, BC V6C 1H2
T: 604-725-1857
CSE: GOCO
GO METALS CORPORATE UPDATE
Vancouver, BC, March 11, 2020 – Go Metals Corp. (“Go Metals” and/or the “Company”) (CSE:GOCO) is pleased
to update on developments as the company continues to focus on polymetallic projects in Canada.
The results of our geological and geophysical work on our 100% owned Monster IOCG project indicate clear drill
targets. We believe the Monster has world-class potential. In addition to that, the Monster is located in the
Yukon Territory and the traditional territory of the Tr'ondëk Hwëch'in, which both have favourable attitudes
towards responsible exploration and mining.
Two separate targets on the Monster Property are now drill-ready. The Beast target is an offset gravity and
magnetic high which we believe to be evidence for a redox front in the form of a transition between magnetite
and hematite. The Beast target has a depth to top of about 70 – 100m. Chemical alteration vectors increase
towards the target, further highlighting its potential. The Bloom target, several kilometers east of the Beast
target, is focused on a positive gravity anomaly that overlaps a positive magnetic anomaly. The Bloom target is
confirmed by several mineralized showings that grade up to 9.6% Co, 1.2 g/t Au and >1% Cu.
The final gravity processing has been completed and reaffirms the Bloom and Beast target. Results of 28 rock
samples that were analyzed for geophysical properties as well as geochemistry indicate a moderate correlation
between gravity and mineralization, highlighting the potential of positive gravity anomalies to be indicative of
buried mineralization. The geochemical results were also encouraging, as the highest gold value assayed was 3.4
g/t Au (n= 28 samples, average 0.185 g/t Au, 3 values over 100 ppb). This value further highlights the potential
of the Monster to host a significant amount of gold.
Go Metals has initiated discussions with the provincial and federal governments to encourage battery metal
exploration in the Ogilvie Mountain range – indicated by surface metals like Copper, Cobalt, Gold, Silver and
Zinc. The company is exploring the possibility of a joint magnetic and gravity survey to further aid our regional
targeting of these elements.
The company has also started discussions to revive a winter road from the Dempster highway to the Monster
claims. The road would also provide access the Olympic claims owned by Commander Resources and the Og
Zinc claims owned by Shawn Ryan.
The company was an exhibitor at PDAC 2020 in Toronto and participated in Invest North events through the
Yukon Mining Alliance (CEO Interview – https://youtu.be/a-C0H1KWEmw).
Go Metals has greatly benefited from its membership with the Yukon Mining Alliance. The Yukon Mining Alliance
and Invest Canada North facilitate dialogue between first nations, the government, and the resource industry.
Combined with the federal government extending tax write offs for Electric Vehicles there is a great
environment for Go Metals to further battery metal projects in Canada.
Go Metals also continues to develop the 100% owned HSP Quebec Nickel PGE project. New EM survey results
have highlighted great potential for summer targets at the property 90 km north of Havre-Saint-Pierre. The HSP
810 – 789 West Pender Street
Vancouver, BC V6C 1H2
T: 604-725-1857
CSE: GOCO
area is underexplored for nickel despite having surficial massive to disseminated sulphides. HSP is polymetallic
with high-grade nickel and copper with PGEs including Platinum and Palladium on the surface.
Qualified Person
Adrian Smith, P.Geo, is the qualified person for the Company as defined in the National Instrument NI43-101
and has reviewed the technical information presented in this news release.
About Go Metals:
Go Metals develops battery metal projects in Canada. The company approach is to rely on local talent and
respect local territories while working both our 100% owned projects.
The Monster Property is a large IOCG property in Yukon, Canada and traditional territory of Tr'ondëk Hwëch'in.
Mineralization on the claim is similar to the giant Olympic Dam IOCG-Co deposit. Since 2018 Go Metals has
explored the Monster Property using geophysics, geological, and geochemical data.
The HSP nickel-copper PGE claim is north of Havre St Pierre in Eastern Quebec. The HSP claim is 100% owned
and covers 55 km2. There are historical showings of up to 0.72% Ni, 2% Cu, 0.14% Co, 0.36 g/t Au, 147 ppb Pt
and 220 ppt Pd. Reprocessing of historical magnetic and EM data has highlighted unexplored anomalies. The
property is close to a well-maintained Quebec Hydro road.
For further information, please contact:
Scott Sheldon, President
Telephone: 604.725.1857
Email: [email protected]
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 information (whether as a result of new information, future events or results, or otherwise)
other than as required by applicable securities laws.