Visible Gold and New Mineralized Zones Discovered on Canadian Metals Inc. GoldStrike Property, New Brunswick
Visible Gold and New Mineralized Zones Discovered on Canadian Metals Inc. GoldStrike
Property, New Brunswick
August 08, 2022, Montréal, Québec. – Canadian Metals Inc. (“CME” or the “Corporation”) (CSE:
CME) is pleased to report the discovery of Visible Gold and new mineralized occurrences, along
the fertile NE-SW Benjamin Rhyolite trend while mapping and prospecting. In addition, both
geophysical surveys “Helicopter Borne Magnetic and Time Domain Electromagnetic (TDEM)” and
“Induced Polarization (IP)” surveys have been completed and interpretation and target
identification are in progress on its GoldStrike Property north of the Bathurst Mining Camp.
Bedrock mapping and prospecting by geologists over the fertile Benjamin Rhyolite with focus on
the LG Showing where Visible Gold was discovered in the ‘455’ Vein was completed at end of
July. A total of 164 samples were collected and have been dispatched to Actlabs Ltd. for fire
assay and lithogeochemical analysis; results are expected by mid to late-September. A structural
analysis of the Quartz-Au vein system across GoldStrike property is ongoing with r eporting
expected by end of October.
A new mineralized rhyolite occurrence “Alyssa W” was found 400m West of the original Alyssa
discovery. An IP survey will be carried out as soon as possible over the zone and tested for its
economic potential by either trenching and (or) drilling.
The interpretation of the Geophysical surveys both the Mag-TDEM and IP surveys have outlined
major structures and Chargeability anomalies associated with mineral occurrences indicating
lateral continuity to the mineralized zones. Work is ongoing to define new targets to follow-up.
Visible Gold
A new trenching and sampling program is starting on the LG Zone including the 455 Vein to
expand and follow -up on the discovery of several new mineralized occurrences of quartz
stockwork within the Benjamin Rhyolite in proximity of the original discovery in preparation for a
late fall-early winter drill program. A well-defined chargeability anomaly is associated with the LG
mineralized zone.
Quality Assurance
Grab sample positions were recorded with a GPS. Standard industry Quality Assurance and
Quality Control (QA-QC) procedures have been implemented to ensure best practices in sampling
and analysis of the grab samples. A secure sample chain of custody was also implemented and
samples delivered directly to the laboratory in Fredericton in secure tagged bags.
Donald R. Boucher, P Geo., Qualified Persons as defined by NI 43-101 standards of disclosure for
mineral projects, has supervised the ongoing program s, prepared, and approved the technical
content of this press release.
Stephane Leblanc, President and CEO of Canadian Metals Inc. said: “ I am pleased with the
ongoing 2022 mapping and prospecting programs on the fertile Benjamin Rhyolite, which
continues to deliver exciting new discoveries and look forward to the sample results expected in
mid to late September from the laboratory.”
About Canadian Metals Inc.
Canadian Metals is a diversified resource company focused on creating shareholder value through
the development of large-scale mineral deposits in specific commodities and safe jurisdictions.
Neither the CSE nor its Regulation Services Provider accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Statements Regarding Forward-Looking Information
Certain statements included herein may constitute "forward -looking statements". All statements
included in this press release that address future events, conditions, or results, including in
connection with the prefeasibility study, its financing, job creation, the investments to complete
the project and the potential performance, production, and environmental footprint are forward -
looking statements. These forward-looking statements can be identified by the use of words such
as "may", "must", "plan", "believe", "expect", "estimate", "think", "continue", "should", "will",
"could", "intend", "anticipate", or "future", or the negative forms thereof or similar variations.
These forward -looking statements are based on certain assumptions and analyses made by
management in light of their experiences and their perception of historical trends, current
conditions, and expected future developments, as well as other factors they believe are appropriate
in the cir cumstances. These statements are subject to risks, uncertainties, and assumptions,
including those mentioned in the Corporation's continuous disclosure documents, which can be
found under its profile on SEDAR ( www.sedar.com). Many of such risks and uncertainties are
outside the control of the Corporation and could cause actual results to differ materially from those
expressed or implied by such forward -looking statements. In making such forward -looking
statements, management has relied upon a number of material factors and assumptions, on the
basis of currently available information, for which there is no insurance that such information will
prove accurate. All forward -looking statements are expressly qualifi ed in their entirety by the
cautionary statements set forth above. The Corporation is under no obligation, and expressly
disclaims any intention or obligation, to update or revise any forward-looking statements, whether
as a result of new information, futu re events or otherwise, except as expressly required by
applicable law.
SOURCE Canadian Metals Inc.
For further information: Stéphane Leblanc, President and CEO