Steadright Commences 43-101 Technical Report ON the High-Grade Nickel Copper B2 Project
STEADRIGHT COMMENCES 43-101 TECHNICAL REPORT ON THE HIGH-GRADE NICKEL
COPPER B2 PROJECT
December 15th, 2022 – Huntsville ONT.; Steadright Critical Minerals (CSE: SCM)
(“Steadright” or the “Company”) has commenced its 43-101 technical report on the B2
optioned property agreement with Frederic Bergeron. Whereby Steadright may earn a 100%
interest in the property which is comprised of 157 mineral claims (88 km2).
Historical Assessments (not 43-101 compliant) on the property have indicated extensive
mineralized zones of 1 kilometre containing Semi-massive to massive sulphides up to 10 meters
wide including grab samples taken at the site of Ni-Co-Cu mineralization:
- 1.05 % Ni, 0.13 % Cu, 0.10 % Co
- 0.96 % Ni, 0.10 % Cu, 0.09 % Co
- 0.69 % Ni, 0.62 % Cu, 0.19 % Co
Also associated are hydrothermal veinlets with quartz injections:
- 9.28 % Cu, 18.2 g/t Ag, 0.34 g/t Au
- 2.97 % Cu, 5.7 g/t Ag, 0.29 g/t Au, 0.10 % Ni
These showings (discovered in 2019 by Alain Berclaz and Frederic Bergeron) are easily
accessed by well-maintained logging roads and forest trails from the KM92 of the Passes Road
(R250 & R251).
As per amended option agreement allows the company to exercise 100% of the B2 mineral
claims as follows:
Table 1 - Terms to exercise option agreement
Payment Period Expenditures
Cash
Payment
Share
Issuance
Within 3 months of Public Listing - 500,000
shares
-
complete 43-
101 by April
30, 2023
- -
Within 12 months of the Listing Date -
$100,000
(share
value)
Within 24 months of the Effective Date -
$100,000
(share
value)
Figure 1 - B2 Property Claims 157 total claims
Steadright CEO, John Morgan commented, “We are pleased to be working on the B2 project,
although our main priority of interest is focused on our qualifying RAM property near Port Cartier
Quebec and we look forward to providing shareholders updates on the B2 project as information
becomes available.”
QUALIFIED PERSON (QP) Yves Caron, M.Sc, P.Geo., OGQ #0548 is a Qualified Person as
defined by National Instrument 43-101 ("N.I. 43-101") guidelines and has reviewed and
approved the content of this news release.
ON BEHALF OF THE BOARD OF DIRECTORS
John Morgan
CEO
Steadright Critical Minerals Inc.
Phone: (647)-637-8608
Email: [email protected]
Web: www.steadright.ca
Exploring for a better tomorrow…
Steadright Critical Minerals Inc. is a junior mining exploration company established in 2019 and
incorporated in the Province of Ontario. Steadright currently holds an option on its property,
specifically in Port Cartier, Gaspe Bay Region of Quebec Canada, accessible by route 138.
Steadright's Quebec project, the RAM Project, is comprised of 4,201 acres. The RAM property
is located on a highly prospective geological unit and historically has been under explored for
Ni, Co, Cu and precious metals. Steadright also has an option agreement for the B2 Project
exploring for Cu, Ag located in the Saguenay-Lac-St-Jean Region of Quebec.
Neither the Canadian Securities Exchange (the “CSE”) nor its Regulation Services Provider (as
that term is defined in the policies of the CSE) accepts responsibility for the adequacy or
accuracy of this release.
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