Ophir Provides Update on Exploration at the Radis Lithium Project
Ophir Provides Update on Exploration at the
Radis Lithium Project
Vancouver, British Columbia--(Newsfile Corp. - June 5, 2023) -
Ophir Gold Corp.
(TSXV: OPHR)
(OTCQB: KPZIF) (FSE: 80M)
("
Ophir
" or the "
Company
") announces that it has paused all exploration
activities at the Radis lithium project located in the Eeyou Istchee James Bay region of Quebec following
an emergency fire evacuation order from the Ministry of Natural Resources and Forests. Due to the high-
risk fire conditions present in the region, coupled with ongoing fires elsewhere in the province, the
ministry has mandated that all activities in the regions forests stop immediately, which includes mineral
exploration, and that all personnel be evacuated from the territory affected. Therefore, following the
notice, the Company has temporarily suspended its exploration activities at Radis and has evacuated its
field crews without incident. The Company will continue to monitor the situation as it progresses.
About the Radis Lithium Property
In December 2022, the Company entered into an option agreement to earn a 100% interest in the Radis
Property. The Radis Property consists of 152 claims totalling 7,850.3 hectares and is situated within a
volcano-sedimentary sequence (i.e., a g greenstone belt) belonging to the Yasinski group. The
greenstone belt over the Property contains at least one known lithium pegmatite and is considered highly
prospective for additional lithium pegmatites, hosting a tight regional fold which may provide favourable
zones of dilation for pegmatite emplacement.
About the Company
Ophir Gold Corp. is an exploration company focused on the exploration and development of the past
producing Breccia Gold Property located in Lemhi County, Idaho. The Company has an option to earn a
100% interest in the Property over a three-year period from Canagold Resources Ltd. (formerly Canarc
Resource Corp.) and DG Resource Management Ltd.
The Company also has an option to earn a 100% interest in the Radis Lithium Property over a three-year
period from Eastmain Resources Inc., a wholly owned subsidiary of Fury Gold Mines Limited.
On behalf of the Board of Directors
"Shawn Westcott"
Ophir Gold Corp.
For further information, please contact:
Shawn Westcott, CEO
Phone 1 (604) 365 6681
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.
Cautionary Note
The information contained herein contains "forward-looking statements" and "forward-looking
information" (collectively referred to as "forward-looking statements") within the meaning of applicable
securities legislation. Forward-looking statements relate to information that is based on assumptions of
management, forecasts of future results, and estimates of amounts not yet determinable and include
statements in this press release related to the exploration and discovery potential of the Property, the
details of the planned exploration program on the Property, the strong lithium pegmatite exploration
potential on the Property, the strong potential of the Radis Property, potential targets on the Property and
the Company's future plans with respect to the Property. Any statements that express predictions,
expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not
statements of historical fact and may be "forward-looking statements." Forward-looking statements are
subject to a variety of risks and uncertainties which could cause actual events or results to differ from
those reflected in the forward-looking statements, including, without limitation: risk related to the failure to
obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of
legal proceedings; political and regulatory risks associated with mining and exploration; risks related to
the maintenance of stock exchange listings; risks related to environmental regulation and liability; the
potential for delays in exploration or development activities or the completion of feasibility studies; the
uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology,
grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost
estimates and the potential for unexpected costs and expenses; results of technical reports, and the
possibility that future exploration, development or mining results will not be consistent with the
Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties
related to the Company's prospects, properties and business detailed elsewhere in the Company's
disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially from those described in forward-looking
statements. Investors are cautioned against attributing undue certainty to forward-looking statements.
These forward-looking statements are made as of the date hereof and the Company does not assume
any obligation to update or revise them to reflect new events or circumstances, except in accordance
with applicable securities laws. Actual events or results could differ materially from the Company's
expectations or projections.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/168860