Moon River Capital Ltd. Announces Filing of Technical Report for Davidson Molybdenum Project Preliminary Economical Assessment
Moon River Capital Ltd. Announces Filing of
Technical Report for Davidson Molybdenum
Project Preliminary Economical Assessment
Toronto, Ontario--(Newsfile Corp. - April 3, 2024) - Moon River Capital Ltd.
(TSXV: MOO)
("
Moon
River
" or the "
Company
") reports that further to its news release dated
February 22, 2024
it has filed
pursuant to National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") an
independent technical report titled "Davidson Project Preliminary Economic Assessment" ("PEA") (the
"Technical Report"). The Technical Report prepared by A-Z Mining Professionals Ltd. ("AMPL") for
Moon River dated April 2, 2024, with an effective date of February 22, 2024 is available on SEDAR+ at
www.SEDAR.com
and on the Company's website at
www.moonrivermoly.com
.
Cautionary Statement Regarding PEA
The PEA is preliminary in nature and includes Mineral Resources based on the latest resource
estimates calculated and reported in a study completed by AMPL and presented in an NI 43-101
Technical Report entitled "National Instrument NI 43-101 Technical Report for the Davidson Project
Resources Update" dated September 13, 2023 and filed on Sedar+.
Readers are encouraged to read the Technical Report in its entirety, including all qualifications,
assumptions and exclusions that relate to the Mineral Resource. The Technical Report is intended to be
read as a whole, and sections should not be read or relied upon out of context.
Qualified Persons
The scientific and technical content of this news release was reviewed, verified, and approved by Mr.
Brian LeBlanc, P. Eng., President of AMPL, and a "Qualified Person" ("QP") as defined by National
Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. LeBlanc is the QP responsible for
the scientific and technical information contained in this press release.
About Moon River
Moon River is a Canadian-based resource company focused on the acquisition, exploration and
development of mineral projects. Moon River is focused on the development of the Davidson Property
which hosts a large molybdenum-tungsten deposit and is located near Smithers, British Columbia.
For further information please contact:
Paul Parisotto, President, Chief Executive Officer and Director, at (416) 800-1753 or
.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking Statements:
This press release contains forward-looking statements and forward-looking information (collectively,
"
forward-looking statements
") within the meaning of applicable securities laws. Any statements that
are contained in this press release that are not statements of historical fact may be deemed to be
forward-looking statements. Forward-looking statements are often identified by terms such as "may",
"should", "anticipate", "will", "estimates", "believes", "intends", "expects" and similar expressions, which
are intended to identify forward-looking statements. More particularly and without limitation, this press
release and the PEA and Technical Report referred to in this press release contain forward-looking
statements. These forward-looking statements reflect the current views of the Company, represent the
expectations of the Company as of the date of this news release and the PEA and Technical Report, and
are based on certain assumptions that the Company and its consultants have made in preparing the
PEA and Technical Report.
There can be no assurance that the results particularly the expected Project
returns will be achieved or the Mineral Resources that are not Mineral Reserves will be economically
viability.
There is no guarantee that Inferred Resources can be converted to Indicated or Measured
Resources, and as such, there is no guarantee the economics described herein will be achieved.
The
Technical Report is intended to be read as a whole, and sections should not be read or relied upon out
of context.
Although the Company believes the expectations and material factors and assumptions reflected in
these forward-looking statements are reasonable as of the date hereof, there can be no assurance that
these expectations, factors and assumptions will prove to be correct. These forward-looking statements
are not guarantees of future performance and are subject to a number of known and unknown risks and
uncertainties including risks detailed in the Company's Filing Statement and continuous disclosure,
which are available on SEDAR+ at
www.sedarplus.ca
.
Accordingly, readers should not place undue
reliance on the forward-looking statements contained in this press release.
These risk factors should not be construed as exhaustive. Readers are cautioned that events or
circumstances could cause results to differ materially from those predicted, forecasted or projected in
the PEA and the Technical Report in respect thereof.
The forward-looking statements contained in these
documents speak only as of the date of the documents. The Company does not undertake any obligation
to publicly update or revise any forward-looking statements or information contained herein, except as
required by applicable laws. The forward-looking statements contained in this document are expressly
qualified by this cautionary statement.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/204118