GPM Metals Provides an Update of Walker Gossan Zinc Project
GPM Metals Provides an Update of Walker
Gossan Zinc Project
Toronto, Ontario--(Newsfile Corp. - August 10, 2023) -
GPM Metals Inc. (TSXV: GPM) (the
"Company" or "GPM Metals")
provides an update to its Walker Gossan Project, Arnhem Land,
Australia.
GPM Metals continues to progress plans for the next stage of exploration at the Walker Gossan Project,
in particular progressing consultation with, and required consents from, the local Traditional Land
Owners ("TLO's") with the assistance of the Northern Land Council ("NLC").
The NLC had scheduled a community meeting the week of 14 August 2023 in Numbulwar, Arnhem Land
in the Northern Territory in Australia, between the TLO's, GPM Metals' management and the
representatives of the NLC.
This meeting was to be the final consultation meeting with Traditional Owners in relation to GPM Metals
application for Exploration License (ELA)30956, which covers prospective areas to the south and east
of the existing granted exploration licence areas (EL24305 and EL385). A precursor to the final meeting
is the undertaking of an anthropological survey of the area. The result of this survey is a draft map of the
area with "Consent" and "Non-Consent" areas.
Unfortunately, there is currently some disagreement within the community about exploration being
undertaken in large parts of the area covered by ELA 30956 and therefore the respective Consent and
Non-Consent areas.
As a consequence NLC and GPM Metals have agreed to defer this final consultation meeting until some
greater clarity within the community is achieved.
GPM Metals intends to continue with Exploration Programs for existing approved tenements EL385 and
EL24305.
CONTACT INFORMATION
For further information contact:
GPM Metals Inc.
Suite 1101 - 141 Adelaide Street West,
Toronto, Ontario M5H 3L5
Telephone : + 416
628-5904
Email:
Forward-Looking Statements
This news release contains certain forward-looking information and statements within the meaning of
applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate",
"may", "might", "will", "project", "should", "believe", "plans", "intends" and similar expressions are
intended to identify forward-looking information and/or statements.
Forward-looking statements and/or
information are based on a number of material factors, expectations and/or assumptions of GPM
which have been used to develop such statements and/or information but which may prove to be
incorrect. Although GPM believes that the expectations reflected in such forward-looking statements
and/or information are reasonable, undue reliance should not be placed on forward-looking
statements as GPM can give no assurance that such expectations will prove to be correct. In addition
to other factors and assumptions which may be identified herein, assumptions have been made
regarding, among other things: results from planned exploration and drilling activities; GPM's future
plans for operational expenditures; the accuracy of the interpretations of exploration and drilling
activity results; availability of financing to fund current and future plans and expenditures; the impact
of increasing competition; the general stability of the economic and political environment in which
GPM has property interests; the general continuance of current industry conditions; aboriginal
matters; the timely receipt of any required regulatory approvals; the ability of GPM to obtain qualified
staff, equipment and/or services in a timely and cost efficient manner; the ability of the operator of
each project in which GPM has property interests to operate in a safe, efficient and/or effective manner
and to fulfill its respective obligations and current plans; future commodity prices; currency, exchange
and/or interest rates; and the regulatory framework regarding royalties, taxes and/or environmental
matters in the jurisdictions in which GPM has property interests. The forward-looking information and
statements included in this news release are not guarantees of future performance and should not be
unduly relied upon. Such information and/or statements, including the assumptions made in respect
thereof, involve known and unknown risks, uncertainties and other factors that may cause actual
results and/or events to differ materially from those anticipated in such forward-looking information
and/or statements including, without limitation: risks associated with the uncertainty of exploration
results and estimates, currency fluctuations, the uncertainty of conducting operations under a foreign
regime, exploration risk, the uncertainty of obtaining all applicable regulatory approvals, the
availability of labour and/or equipment, the fluctuating prices of commodities, the availability of
financing and GPM's dependence on its management personnel, other participants in the property
areas and/or certain other risks detailed from time-to-time in GPM's public disclosure documents,
(including, without limitation, those risks identified in this news release and GPM's current
management's discussion and analysis). Furthermore, the forward-looking statements contained in
this news release are made as at the date of this news release and the Company does not undertake
any obligations to publicly update and/or revise any of the included forward-looking statements,
whether as a result of additional information, future events and/or otherwise, except as may be
required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy and / or accuracy of
this release
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https://www.newsfilecorp.com/release/176770