Lake Winn Commences Work ON Lithium, Tantalum, Ceasium Pegmatite, Little Nahanni LI Property, Northwest Terroties
TSX-V: LWR.H
OTC: EQTXF
Jan 1st, 2023
LAKE WINN COMMENCES WORK ON LITHIUM, TANTALUM,
CEASIUM PEGMATITE, LITTLE NAHANNI LI Property, NORTHWEST TERROTIES
January 1st, 2023 – Vancouver, British Columbia – Lake Winn Resources Corp.
(“Lake Winn” or the “Company”) (TSXV: LWR.H) (Frankfurt: 82A2) (WKN: A2DFY5)
(OTC: ASDZF) is pleased to announce that it has commenced exploration on its Little
Nahanni Claims in the NT.
The claims cover the southern half of the Little Nahanni LTC pegmatite swarm that have
been traced over a combined length of 13 km in mountainous terrain that is deeply
incised by several east- or west-facing cirques. The sampled portions of the dyke
swarms are up to 52.60 m wide. Each dyke swarm contains multiple dykes that range
from 0.2 to 10 m in width. The dykes strike northerly and have near vertical dips. They
are well exposed on cirque walls, but most of these areas are too steep to
sample. Fortunately, relatively continuous bedrock exposures are accessible at the
base of cliffs on the north and south side of cirques. Cirque floors are covered by
overburden.
The company has commenced the following work in preparation for a drill program
planned for the summer of 2023.
The work includes.
1. Permitting
2. An Archeology study.
3. A helicopter borne geophysical survey using the ultra-sensitive
SQUID magnetometer, operated by DIAS
4. A satellite study including the use of a unique ground penetrating radar technique.
5. The are 1600m of historic core, to be scanned using the state of the art core scanner
from Geologic AI
6. A road access study to aid in future permitting
7. Little Nahanni First Nation liaison.
8. Data compilation and re-interpretation of the previous work.
The program on the Li property will be managed by Archer, Cathro & Associates (1981)
Limited (Archer Cathro).
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Lake Winn Resources Update Zoom call will be held Jan 3, 2023 10:00 AM PST. The
meeting will discuss this news release and have opportunity for shareholders to ask
questions. Join Zoom Meeting by clicking this link at 9:55 on Tuesday.
https://us02web.zoom.us/j/88133334613?pwd=RWdFVlBPT1pheHoxTVhRODJOVHZN
QT09
Meeting ID: 881 3333 4613
Passcode: 969076
Qualified Person
The Qualified Person for this news release is Buddy Doyle, AUSIMM, a Geologist with
over 35 years of experience in mineral exploration, discovery, and evaluation. A
Qualified Person under the provisions of the National Instrument 43-101.
About Lake Winn
Lake Winn Resources Corp is a mineral exploration company focused on advancing the
Company’s 100% owned Lithium Property, the Little Nahanni Pegmatite Group (LNPG)
in the James Bay region of Northwest Territories.
The Company is aggressively advancing the Little Nahanni Pegmatites with a spring
work program AND intends to follow up with drilling.
ON BEHALF OF THE BOARD OF DIRECTORS OF LAKE WINN RESOURCES CORP.
Patrick Power, President & CEO
+1 (604) 218-8772
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accept responsibility for the
adequacy or accuracy of this release.
Cautionary Statement Regarding “Forward-Looking” Information
This news release contains “forward-looking statements” including but not limited to
statements with respect to Arctic Star’s plans, the estimation of a mineral resource, and
the success of exploration activities. In this release, it is not certain if the kimberlite
discovered will be economic or not as this depends on many factors. Forward-looking
statements, while based on management’s best estimates and assumptions, are subject
to risks and uncertainties that may cause actual results to be materially different from
those expressed or implied by such forward-looking statements. There can be no
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assurance that such statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such statements. Factors that
could affect our plans include our potential inability to raise funds as intended, and in
such event, we may require all funds raised, if any, to be used for working capital rather
than the intended uses as outlined. Accordingly, readers should not place undue
reliance on forward‐looking statements. Arctic Star undertakes no obligation or
responsibility to update forward‐looking statements, except as required by law.