Lake Winn Receives $402,000 in Government Grants for Little Nahanni Lithium Project, NWT, and Cloud Gold Project, MB, Canada
Lake Winn Receives $402,000 in Government Grants for Little Nahanni Lithium
Project, NWT, and Cloud Gold Project, MB, Canada
June 28th, 2023 – Vancouver, British Columbia – Lake Winn Resources Corp.
(“Lake Winn” or the “Company”) (TSXV: LWR) (FSE: EE1A) is pleased to announce it
has received two exploration grants for upcoming future exploration in Canada.
Mining Incentive Program (MIPs) grant NWT Little Nahanni Lithium $192,000.
Lake Winn Resources Corp. is pleased to announce that it has received a grant of
$192,000 towards its 2023 explorations efforts on its flagship Little Nahanni Pegmatite
Group (LNPG) property hosting encouraging Lithium, Tantalum, and Tin results. The
Project is 100% owned and covers 7,080 hectares of prospective ground with near road
access, in close proximity to the Cantung and Mactung Mines and related infrastructure.
This Mining Incentive Grant, from the Government of the Northwest Territories, is
selected from a $1m fund that is distributed to exploration and development projects on
a technical and economic merit basis. The Company wishes to thank the Government of
the Northwest Territories for its recognition and acknowledgment of the high quality of
the LNPG project and for its substantial financial contribution.
Manitoba Mineral Development Fund (MMDF) grant MB Cloud Gold $210,000.
Lake Winn Resources Corp. is also pleased to announce that it has received a grant of
$210,000 towards its 2023 exploration efforts on the Cloud Gold property located in
proximity to Flin Flon Manitoba. The Cloud project hosts encouraging gold results from
the previous drill program. This MMDF grant is awarded to Companies that can
demonstrate the potential to increase mineral exploration and development in Manitoba
through high quality exploration projects along with local expenditures that support
business development to strengthen the mining supply chain in Manitoba. The
Company wishes to thank the Manitoba Mineral Development Fund for its recognition
and acknowledgment of the high quality of the Cloud project and for its substantial
financial contribution.
About Lake Winn Resources
Lake Winn Resources Corp. is a mineral exploration company focused on advancing its
100% owned Little Nahanni Lithium Project (“LNLP”), which is located in the western
Northwest Territories near the Yukon Border. The project covers 7,080 hectares that
encompasses a 7 km long, and up to 500 m wide, lithium, tantalum, and tin pegmatite
dyke swarm. Historical drilling and channel sampling on the Project confirms the
presence of significant lithium, tantalum, and tin.
ON BEHALF OF THE BOARD OF DIRECTORS OF LAKE WINN RESOURCES CORP.
Patrick Power, President & CEO
+1 (604) 218-8772
www.lakewinn.ca
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 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 Lake Winn’s plans, the estimation of a mineral resource, and
the success of exploration activities. In this release, it is not certain if the discovery 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 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. Lake Winn undertakes no obligation or responsibility to
update forward-looking statements, except as required by law.