2023-06-07 NR Triple One Metals_ Phase I Exploration Completed
Triple One Metals Inc. Completes Phase I of its Spring and Summer 2023 Field
Exploration Program at I ts Triple One Lithium project located south east of the
High-Grade Kraken Lithium Discovery near the SW coast of Newfoundland,
Canada.
For Immediate Release:
June 07, 2023 – Triple One Metals Inc. ("Triple One" or the "Company") (CSE:TONE) is a growth-oriented
company headquartered in Windsor, Nova Scotia, Canada, acquiring critical metal and gold mineral assets
in Eastern Canada. The Company is actively growing its specialized portfolio of lithium and precious metal
assets. It also holds interests in value-added gold assets in Canada resulting from previous acquisitions in
the precious metals sp ace. The C ompany is pleased to report that it has completed its first phase of
helicopter assisted prospecting and geochemical sampling at its Triple One Lithium property located north
of the Town of Burgeo and southeast of the Kraken Lithium discovery pegmatite fields uncovered by the
Alliance between of Benton Resources and Sokoman Minerals.
Notwithstanding high winds along the south coast of Newfoundland, conditions for exploration were
nearly ideal.
The Burgeo Project consists of one mineral exploration licence (03 5633MM) containing 111 individual
claims covering 2,775 hectares. The property is located approximately 17 kilometres north of the small
town of Burgeo. The evolving deposit model examines radiating pegmatite dike swarms within the Burgeo
and Chetwynd intrusive suites. The geology is building on key geological parameters associated with the
Kraken lithium discovery made in 2021 by the Sokoman Minerals – Benton Resources 50/50 Strategic
Alliance and is based on their large district -scale model. The Kraken discovery lies approximately 14
kilometres to the northwest of the Company’s Triple One Project. A total of 35 sample were collected for
whole rock and trace element geochemistry. The samples are currently undergoing preparation, with
cutting, petrographic, and geochemical studies underway. The Company is looking forward to receiving
analytical results from the property. Although not confirmed, Triple One is anticipating analytical results
to be returned within 5-6 weeks.
At Kraken and its surrounding projects , the Alliance continues to drill on their high -grade spodumene-
bearing pegmatites where drill assays yield grades more than 1% Li2O with the dike swarms still open at
depth and along strike.
Location of Triple One’s Lithium Project relative to the Kraken and Hydra Li & Cs Discoveries by the Benton/Sokoman Alliance
Although analytical results have not yet been finalized, field identification suggest spodumene is present
in east-west trending pegmatites. Mineralogical identification and geochemistry are ongoing.
Subsequently planned exploration will include integrating geological, geochemical, and geophysical data
acquisition. High -resolution drone photography, and soil and till geochemistry will also be carried out in
the summer. Much of the exploration work will, in part be helicopter supported. If the project proceeds
to the drilling stage, then a mobile field camp may be established to help reduce daily commute times to
and from the project site.
Company Chairman Bill Fleming stated, “We’re pleased with the positive indication of spodumene on the
property, but we caution more work is necessary”. He further commented , “These are exciting times as
Newfoundland emerges as a significant lithium district in the Appalachian Mountain Chain, especially
given the first lithium and caesium discovers in the western Dunnage Zone by the Benton Resources –
Sokoman Minerals 50/50 Strategic Alliance. We believe the presence of lithium close to our property opens
a huge opportunity for us to add to our list of critical metal discoveries in the Province of Newfoundland”.
This mineral corridor, is in part defined by the Hermitage Flexure with its associated fault structures, may
hold potential for the first major lithium ± cesium bearing ore deposit in Atlantic Canada. Exploration to
date on the Burgeo Project shows both granite and pegmatite dike development to be far more
abundance than initially expected.
Triple One
Metals (Li)
after Sokoman, 2023
and granite
Photo collage showing pegmatites with unconfirmed spodumene.
In addition, quartz – tourmaline ± pyrite veins in the Burgeo Granite require further exploration for gold,
tungsten, and molybdenum mineralization.
Qualified Persons and 43-101 Disclosure
Paul K. Smith (P. Geo.)is the Company’s designated Qualified Person for this news release within the
meaning of National Instrument 43-101 (“NI 43-101”) and has reviewed and verified that the technical
information contained herein is accurate and approves of the written disclosure of same.
About Triple One Metals Inc.
Founded in 2018 as MLK Gold Ltd. the Company quickly emerging as one of Atlantic Canada's exciting
resource exploration companies offering exposure to gold and the strategic metal representing a unique
mix of discovery and resource development potential. The Company changed its name to Triple One
Metals Inc. on April 12, 2023, to better reflect it’s intended corporate focus. Invested in a portfolio of
gold and critical metal projects in mining and mineral-rich Newfoundland, Triple One’s plan is to
capitalize on the province's ranking as one of the world’s top 10 mining jurisdictions and expand into a
long-life, financially sound, gold, and critical metal-mining company.
Additional information about the Company and its activities may be found on the Company’s website
currently under construction, and under the Company’s profile at www.sedar.com.
For additional information or to arrange an interview, please contact:
William (Bill) Fleming
Executive Chairman, MLK Gold Ltd.
59 Payzant Drive
P.O. Box 657, Windsor
Nova Scotia, Canada, B0N 2T0
Phone: 902.448.0716
Email: [email protected]
Forward-Looking Statements
This news release contains certain forward-looking statements. Wherever possible, words such as
"may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict"
or "potential" or the negative or other variations of these words, or similar words or phrases, have been
used to identify these forward-looking statements. These statements reflect management's current
beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties, and assumptions. Many factors could
cause actual results, performance, or achievements to differ materially from the results discussed or
implied in the forward-looking statements. These factors should be considered carefully, and readers
should not place undue reliance on the forward-looking statements. Although the forward-looking
statements contained in this news release are based upon what management believes to be reasonable
assumptions, the Company cannot assure readers that actual results will be consistent with these
forward-looking statements. The Company assumes no obligation to update or revise them to reflect
new events or circumstances, except as required by law.
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.