Kiplin Metals Updates Exploration Activities ON the Cluff Lake ROAD Uranium Project, Saskatchewan
NEWS RELEASE
KIPLIN METALS UPDATES EXPLORATION ACTIVITIES ON THE CLUFF
LAKE ROAD URANIUM PROJECT, SASKATCHEWAN
November 22nd, 2022 – Kiplin Metals Inc. (TSX-V: KIP) (the “Company” or “Kiplin”) provides update on
additional exploration activities completed on the Company’s Cluff Lake Road (CLR Project) Uranium
Project in northwestern Saskatchewan. The CLR Project covers ~531 hectares 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.
As reported previously (October 5, 2022) a team from Exploration Facilitation Unlimited Inc., completed
25 line-kilometres of magnetic geophysical survey on lines spaced 100 metres apart, and 15 line-
kilometres of detailed magnetic geophysics, completed on infill 50 metre lines in areas of known
conductors and/or radon gas anomalies. The Alpha Track radon gas sensors survey previously completed
at the Cluff Lake Project in 2017 outlined several anomalies.
The northern portion of the CLR Project is extensively covered by overburden, with numerous small lakes
and ponds. The Company contractors focused on prospecting low hills and ridges with a spectrometer,
to detect anomalous radioactivity, measured as counts per second (cps). Background radioactivity
readings with a handheld Radiation Solutions RS-125 Super-SPEC gamma-ray spectrometer are in the 20-
50 cps (*) range. Over 100 anomalous boulders in the 100-500 cps range were detected on the northern
half of the project. The northern most anomalous (elevated radioactivity) boulder train is flanked by lakes
on both sides, and correlates with a previous defined electromagnetic (EM) conductor, and a elevated
radon gas anomaly.
(*) Natural gamma radiation in outcrop locations reported in this news release was measured in counts
per second using a handheld Radiation Solutions RS-125 Super-SPEC gamma-ray spectrometer. The reader
is cautioned that spectrometer readings are not directly or uniformly related to uranium grades of the rock
sample measured and should be used only as a preliminary indication of the presence of radioactive
materials.
The Company is the beneficiary of a 100% interest in the CLR Project and controls all exploration and
development of the Project at this time. 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.
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 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.