Medaro Announces Plans for Upcoming Exploration at the Yurchison Uranium Project
Medaro Announces Plans for Upcoming Exploration at the
Yurchison Uranium Project
VANCOUVER, BC (GLOBE NEWSWIRE – November 18, 2021) — Medaro Mining Corp . (CSE:
MEDA) (OTC: MEDAF) (FWB: 1ZY) (“ Medaro” or the “Company”), a multi-faceted venture aimed at
developing innovative spodumene processing technology concurrent with its clean-energy focused
exploration on properties located across Canada, is pleased to announce plans for an upcoming exploration
program at the Yur chison Uranium Project. The exploration program is slated to commence this winter
with the purpose of locating new high priority drill targets and refining existing historical targets. The
Yurchison property (the “ Property”) is located in the Wollaston Domain of Northern Saskatchewan,
Canada. The Property contains twelve mineral claims, comprising approximately 55,934 hectares.
Upcoming Yurchison Work Program Details:
The Property has had extensive regional exploration work completed inc luding 23 underground surveys
(diamond drilling, sampling and relogging of historical holes, and Wacker drill overburden till sampling)
as well as various prospecting and geophysical programs. The majority of the work on this Property was
completed prior t o 2000, with only a lesser amount completed in the last 20 years (25 drill holes, four
ground geophysical surveys, four airborne surveys).
Currently underway is a reassessment of historical till geochemistry and relogging of available historical
drill core to better understand the stratigraphy and its relationship to the sulphide mineralization and the
mineralizing systems. Planning for winter and summer programs is also underway and this work will likely
include modern geophysical surveys, geological mapp ing, geochemical sampling and prospecting
programs. A systematic diamond drilling program is being planned as well on priority targets on the
Property. Additional news will be forthcoming on these exploration programs.
Yurchison Uranium Project:
Historical prospecting near old trenches returned significant uranium (ranging from 0.09% to 0.30% U3O8)
and molybdenum (ranging from 2,500 ppm to 6,400 ppm Mo) mineralization in both outcrop and float
samples. Two historical holes drilled beneath the trenches returned highly anomalous molybdenum values,
up to 3,750 ppm and anomalous uranium values up to 240 ppm. The Property boasts strong discovery
potential for both basement hosted uranium mineralization as well as copper, zinc, and molybdenum
mineralization. Regionally, Rio Tinto entered into a $30 million, seven-year, option agreement with Forum
Energy Metals Corp. to acquire an 80% stake in their Janice Lake property , which is located on -strike to
the southwest of the Property.
Marketing Agreement:
The Company is also pleased to announce an agreement with Financial Star News Inc. (“ FSN”) (address:
701 West Georgia Street, Suite 1500, Vancouver, V7Y 1C6; email: [email protected]) for
marketing services for three months, commencing on November 18, 2021.
FSN shall, as appropriate, create campaigns, ad groups, text ads, display ads, perform detailed keyword
research, setup and manage remarketing campaigns, optimize keyword options, coordinate online advertiser
and marketers corresponding to the customers on line marketing targets, create landing pages for ad
campaigns and bring attention to the business of the Company in consideration for USD $650,000 (plus
applicable taxes). The promotional activity shall occur on theFinancialStar.com, by email, Facebook, an d
Google. FSN does not have any prior relationship with the Company aside from its previous engagement
with the Company.
Qualified Person:
The technical information in this news release has been prepared in accordance with the Canadian
regulatory requirements set out in National Instrument 43 -101 and reviewed and approved by Richard
Kusmirski, P.Geo., M.Sc., a Qualified Person.
ON BEHALF OF THE BOARD OF DIRECTORS
Faizaan Lalani
President & Director
About Medaro Mining Corp. (CSE: MEDA) (OTC: MEDAF) (FWB: 1ZY)
Medaro Mining is a clean-energy exploration company based in Vancouver, BC , which holds options on
the Superb Lake lithium property located in Thunder Bay, Ontario, the Cyr South lithium property located
in James Bay, Quebec and the Yurchison uranium property in Northern Saskatchewan . The Company is
also involved in the development and commercialization of a new process to ext ract lithium from
spodumene concentrate through its Global Lithium Extraction Technologies joint venture. Find out more
at: https://medaromining.com/.
For detailed information, investors are invited to review the Company’s filings available at www.sedar.com.
FOR FURTHER INFORMATION CONTACT:
Investor Relations
Email: [email protected]
Phone: 604-256-5077
Web: https://medaromining.com/
Forward-Looking Statements
This news release contains certain forward-looking statements within the meaning of applicable securities
laws. All statements that are not historical facts, inc luding without limitation, statements regarding future
estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future
performance, including statements respecting the Company’s plans for the upcoming winter a nd summer
exploration program on the Property and FSN’s marketing services engagement are "forward -looking
statements." These forward -looking statements reflect the expectations or beliefs of management of the
Company based on information currently available to it. Forward -looking statements are subject to a
number of risks and uncertaintie s, including those detailed from time to time in filings made by the
Company with securities regulatory authorities, which may cause actual outcomes to differ materially from
those discussed in the forward -looking statements. These factors should be consid ered carefully, and
readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking
statements and information contained in this news release are made as of the date hereof and the Company
undertakes no obligation to update publicly or revise any forward -looking statements or information,
whether as a result of new information, future events or otherwise, unless so required by applicable
securities laws.