Kiplin Metals Secures Exploration Permit FOR Cluff Lake Uranium Project
NEWS RELEASE
KIPLIN METALS SECURES EXPLORATION PERMIT FOR CLUFF LAKE
URANIUM PROJECT
November 20th, 2023 – Kiplin Metals Inc. (the “Company” or “Kiplin”) (TSX-V: KIP, FWB: 17G1) announces
the receipt of an exploration permit for its Cluff Lake Road Uranium project, situated on the western
periphery of the Athabasca Basin. This development marks an important step forward in the Company’s
exploration endeavors in the promising uranium-rich region.
The exploration program is set to commence with a 4km induced polarization (IP) ground geophysical
survey, aimed at mapping subsurface conductive anomalies within the Cluff Lake Uranium project area.
These anomalies, identified at depths ranging between 200-300 meters and spanning several kilometers,
are interpreted as substantial alteration zones residing within the Athabasca sandstone. These zones bear
the potential to host significant uranium mineralization. The data gleaned from this comprehensive survey
will be seamlessly integrated into the project's database, facilitating the delineation of prime targets for
upcoming diamond drilling initiatives.
In the backdrop of an evolving global uranium market, characterized by increasing demand for clean and
sustainable energy sources, the timing of this exploration permit aligns strategically with the rising
significance of uranium as a key component in the energy landscape. Market projections continue to
underscore the pivotal role of uranium in fulfilling clean energy requirements, highlighting its essential
role in the transition towards a low-carbon future.
“We are immensely appreciative to have received the exploration permit for our Cluff Lake Uranium
project,” remarked Peter Born, Director at Kiplin. “This permit represents a key step in our pursuit of
unlocking the potential of this promising site. We are eager to embark on the planned exploration
activities and further advance our understanding of the project's resource potential.”
About Kiplin Metals Inc.
https://www.kiplinmetals.com/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 to production, allowing Kiplin to achieve
exceptional shareholder value through the entire life-cycle of mining.
Cluff Lake Road Uranium Project. Kiplin has the right to earn a one-hundred percent interest in the Cluff
Lake Road Uranium Project (the “CLR Project”). The CLR Project covers ~531 ha in the southwestern
Athabasca Basin in northern Saskatchewan, where several new discoveries have been made, including the
Arrow and Triple R Uranium deposits. 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 62,000,000 lbs of
yellowcake uranium.
Lloyd Lake Uranium Project. The Lloyd Lake Uranium Project spans 6,177 hectares and is situated 27
kilometers south of the southern boundary of the Athabasca Basin. The project has undergone extensive
exploration programs, most notably in 2022, with investigations including sediment sampling, airborne
magnetics, and ground IP surveys. The key exploration zone is an 8 kilometer corridor characterized by a
magnetic low which aligns with a structural break, a locale where anomalous radioactivity has been
detected. Access to the project is optimal, facilitated by a provincial highway and well-maintained roads
and trails.
For further information, contact the Company at [email protected] or 613-715-2020 or visit the
Company’s website at www.kiplinmetals.com.
On behalf of the Board,
Kiplin Metals Inc.
“Peter Born”
Director
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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 forward 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 from 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.