Kiplin Metals Reports ON Exploration Activities ON the Cluff Lake ROAD Uranium Project, Saskatchewan
NEWS RELEASE
KIPLIN METALS REPORTS ON EXPLORATION ACTIVITIES ON THE CLUFF
LAKE ROAD URANIUM PROJECT, SASKATCHEWAN
October 4th, 2022 – Kiplin Metals Inc. (TSX-V: KIP) (the “Company” or “Kiplin”) announces completion of
its exploration program on the Company’s Cluff Lake Road (CLR) Uranium Project in northwestern
Saskatchewan. The CLR Project covers ~531ha in the southwestern Athabasca Basin in northern
Saskatchewan, where several new discoveries, including the Arrow and Tripe R Uranium deposits have
been made. The CLR Project is completely surrounded by Fission 3.0 Corp .’s high profile Paterson Lake
North (“PLN”) Project.
The exploration program was conducted by a team from Exploration Facilitation Unlimited Inc., based at
Big Bear Lodge, Saskatchewan , located approximately 17 kilometres south-southwest of the Project.
Activities included:
• 25 line-kilometres of magnetic geophysical survey on lines spaced 100 metres apart, oriented in
an E-W direction, to test a N-S trending VTEM conductor that transects the length of the Project.
• Approximately 15 line-kilometres of magnetic geophysics was completed on infill 50 metre lines
in areas of known conductors and/or radon gas anomalies.
• In 2017 a previous explorer completed an Alpha Track radon gas sensors survey over most of the
current CLR Project with several anomalies indicated. The Company’s recent exploration program
comprised prospecting with a handheld spectrometer over the radon gas anomalies and
conductive zones, resulting in over 100 radioactiv e boulders uncovered, with values up to 500
counts per second.
• The western boundary of the CLR Project is flanked by Fission 3.0 Corp.’s “N Conductor Complex”,
an active exploration target with one drilled in 2022, and additional worked planned by Fission in
the winter 2023.
The Company has the right to earn a 100% interest in the CLR Project and controls all exploration and
development of the Project . The recently completed exploration program will assist in defining drill
targets. The Company is applying for the requisite permits and expects to be drilling when permits are
received.
Peter Born, Director of Kiplin, commented “we are very pleased with the team at Exploration Facilitation
Unlimited, and are confident this program will confirm the location s for what we believe are highly
prospective targets.”
Dr. Peter Born, P.Geo., is the designated qualified person as defined by National Instrument 43-101 and
is responsible for, and has approved, the technical information contained in this release.
About Kiplin Metals Inc.
Kiplin Metals Inc. is a mineral exploration company. We create value for our shareholders by identifying
and developing highly prospective mineral exploration opportunities. Our strategy is to advance our
projects from discovery all the way to production. This vertically integrated strategy allows Kiplin Metals
to achieve exceptional shareholder value through the entire life-cycle of the mining process.
Cluff Lake Road Uranium Project. Kiplin Metals has the right to earn a one-hundred percent interest in
the Cluff Lake Road Uranium Project (the “CLR Project”). The CLR Project covers ~531ha in the
southwestern Athabasca Basin in northern Saskatchewan, where several new discoveries, including the
Arrow and Tripe R Uranium deposits have been made. The CLR Project is 5 km east of the Cluff Lake Road
(Hwy 955), which leads to the historic Cluff Lake Mine, which historically produced approximately
62,000,000lbs of yellowcake uranium.
Exxeter Gold Project covers an area of 715ha located in Val d’Or Quebec, one of the premier gold camps
in the world which produced over 113.4M oz Au by the end of 2019. The project covers 3.8km of the
Cadillac Tectonic zone, which is the principal geologic structure responsible for cold mineralization in the
Val d’Or.
For further information, contact the Company at [email protected], or visit the Company’s website
at www.kiplinmetals.com.
On behalf of the Board,
Kiplin Metals Inc.
For further information, contact the Company at 604-622-1199.
On behalf of the Board of Directors,
“Peter Born”
Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other
than statements of historical fact, are to be considered forwar d looking. Although the Company believes the expectations
expressed in such forward -looking statements are based on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ materially fr om those in forward -looking statements. There
can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation
of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the
applicable laws.