PGM adds Additional Claims to Sheraton Property
https://planetgreenmetals.com/
CSE Trading Symbol: PGR
Email: [email protected]
NEWS RELEASE
September 23rd, 2024
Planet Green Metals Add Additional Claims to the Sheraton Property, East of Timmins
Ontario
Vancouver, British Columbia – Planet Green Metals Inc. (CSE: PGR) (“Planet Green” or the
“Company”) is pleased to announce the staking of new claims that add to its Sheraton Property,
east of Timmins, Ontario. Thirty-six (36) cells were staked, totaling an area of 680 hectares, and
increasing the Sheraton property by 36%. The new contiguous claims extend the property to the
southwest, and cover a wide East-West transect of prospective host rocks.
The newly acquired ground aligns with Planet Green’s exploration model for VMS -style
mineralization, as outlined in the company’s previous release ( July 2nd, 2024) for the Sheraton
Property. These claims have been incorporated into the option agreement with Perry English
(1544230 Ontario Inc.) and Gravel Ridge Resource.
The property area is characterized by a rhyolite / intermediate volcanic contact, which may relate
to a significant volcanic centre that is prospective for structurally controlled VMS mineralization.
This is underscored by the historical Cross Lake Minerals zinc, silver and copper drill
intersections. Faults orthogonal to the axis of rhyolite contact could be controls on mineralization
in the form of traps for sulfide accumulation on the ancient seafloor.
The presence of a troctolite dike that crosscut the rhyolites also has potential for magmatic sulfide-
hosted nickel copper PGE mineralization.
Jeremy S. Brett, President and Chief Executive Officer , commented , “We’re delighted to
announce that we have significantly expanded our Sheraton Property through strategic claim
staking with Perry English who is a highly respected Ontario-based prospector. He is a co-founder
of PGR, a shareholder and a valued member of our Advisory Board. This new acquisition aligns
perfectly with our VMS-focused exploration model for the region, driven by our understanding of
the area's lithological and structural controls.”
He added, “ In addition to enhancing our VMS potential, this expansion introduces promising
nickel-copper opportunities, further strengthening our commitment to critical minerals. Notably,
this property will be integrated into our existing royalty-free agreement with Perry English / Gravel
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Ridge, providing Planet Green Resources with the flexibility to structure its own royalties moving
forward.”
New Sheraton Map Highlighting Newly Acquired Claims:
https://planetgreenmetals.com/wp-content/uploads/2024/09/Sheraton-Property-Newly-
staked-claims-form-August-2024.jpg
Figure 1: Newly staked claims form August 2024 shown in blue, along with the original Sheraton
Property claims in red (claims adjusted to current holdings). The new claims will be added to the
existing option agreement and are royalty free.
About Sheraton:
The Sheraton Property is located 25 km southwest from Matheson, Ontario, with excellent access
via a network of forestry roads. The property covers the geological contact of a sequence of felsic
to intermediate volcanic and volcaniclastic rocks of the Wawa -Abitibi greenstone belt, which is
highly prospective for Cu -Zn±Au±Ag VMS -style mineralization. Exploration by Cross Lake
Minerals in the late 1990s on the adjacent property at Cross Lake identified bedded sulfides
containing zinc grades ranging from 1% to 6%, with local high-grade pods containing up to 18%
Zn over a true width of 3 m, with silver values ranging up to 911 g/t Ag. Copper grades of 1% to
3% were encountered over estimated true widths of up to 12 m (Vaillancourt, 2001). The
mineralization represents VMS style, and Planet Green will look for similar critical and precious
metal mineralization on the Sheraton Property. The presence of significant copper mineralization
at the adjacent Cross Lake property makes the Sheraton Property a compelling target.
About Planet Green Metals Inc.
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Planet Green is strategically building a premier Canadian critical mineral assets company,
leveraging its expertise to acquire high -quality, de -risked mineral exploration and royalty
properties. The Company currently holds six exploration properties in northwestern Ontario,
covering copper, gold, lithium and VMS related base metals . Planet Green is actively pursuing
the acquisition of promising new pro jects in Canada and North America to bolster the project
portfolio and provide shareholders with a diversified commodity base that is resilient to price
fluctuations and market forces . With a robust and integrated technical and corporate team, the
Company is dedicated to maximizing shareholder value t hrough new mineral discoveries in
mining-friendly jurisdictions.
To find out more about Planet Green Metals Inc. (CSE: PG R) visit the Company’s website
at www.planetgreenmetals.com.
PLANET GREEN METALS INC.
Jeremy S. Brett
President & CEO
Planet Green Metals Inc.
Tel: (416)-831-5978
Notice Regarding Forward-Looking Statements
This news release may contain certain “forward looking statements”. Forward-looking statements
involve known and unknown risks, uncertainties, assumptions and other factors that may cause
the actual results, performance or achievements of the Company to be materially different from
any future results, performance or achievements expressed or implied by the forward -looking
statements. Any forward-looking statement speaks only as of the date of this news release and,
except as may be required by applicable se curities laws, the Company disclaims any intent or
obligation to update any forward-looking statement, whether as a result of new information, future
events or results or otherwise.