T2 Metals Receives $300,000 Grant from Manitoba Mineral Development Fund
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T2 METALS RECEIVES $300,000 GRANT FROM
MANITOBA MINERAL DEVELOPMENT FUND
Vancouver, British Columbia – June 6 2024: T2 Metals Corp. (“T2” or the “Company”) (TSX-V : TWO)
(OTCQB: AGLAF) (WKN: A2DR6E) is pleased to announce receipt of a $300,000 grant from the Manitoba Mineral
Development Fund (“MMDF”) to support the Company’s ongoing exploration of the Company’s Sherridon copper -
gold-zinc project in west-central Manitoba.
Sherridon is a well known VHMS camp in the Flin Flon – Snow Lake district, with both a significant mining history
and substantial copper -rich historical resources calculated in 2010. T2 Metal’s 2023 drilling program highlighted
the excellent potential for near-surface copper, gold and zinc rich mineralization including the below in the vicinity
of the Cold and Lost deposits as reported Q1 2024:
S
HN23005
23.50 m grading 1.18% Cu, 1.46% Zn, 6.8 g/t Au and 40.4 g/t Ag (7.4% CuEq) from 38.00 m;
SHN23008
14.4 m grading 0.88% Cu, 2.58% Zn, 0.51 g/t Au and 9.8 g/t Ag (2.16% CuEq) from 49.38 m;
SHN23010
5.52 m grading 1.77% Cu, 1.47% Zn, 2.30 g/t Au and 37.2 g/t Ag (4.41% CuEq) from 105.00 m;
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lanning and permitting is now well underway for follow up drilling of these areas, and to test additional targets
across the project.
Mark Saxon, CEO of T2 Metals Corp. said "Following a very successful 2023 exploration program, T2 Metals Corp
continue to be an active and optimistic investor in Manitoba. This MMDF grant will enable the Company to continue
on a discovery and development pathway at the Sherridon copper project, while furthering the close relationship
with the Kiciwapa Cree Nation, the Mathias Colomb Cree Nation and other rights holders. The Manitoba
Government recognises the important role mining plays in enabling the energy transition, and is a strong supporter
of the mining industry and northern economies through the MMDF.”
T2 Metals acknowledges the positive impact the MMDF has on mineral exploration across Manitoba. Mining is an
important contributor to economic development and investment within northern communities. The MMDF program
and the Manitoba Mineral Exploration Tax Credit (“MMETC”) help to ensure the province remains an attractive
jurisdiction for mineral exploration including critical raw materials.
Notes:
Copper equivalents calculated using current metal prices (Cu $/t = 8,174; Pb $/t = 2,032; Zn = 2,487 $/t; Au = 2,020 $/oz; Ag = 22.7 $/oz)
and assume equal recovery of all elements. The formula used to calculate CuEq. = Cu(%) + ((Zn(%) * Zn(USD/t)) + (Pb(%) * Pb(USD/t)) + (Ag(g/t) *
(Ag(USD/oz)/31.1) * 100) + (Au(g/t) * (Au(USD/oz)/31.1) * 100)) / Cu(USD/t) The formula used to calculate ZnEq. = Zn(%) + ((Cu(%) * Cu(USD/t)) + (Pb(%)
* Pb(USD/t)) + (Ag(g/t) * (Ag(USD/oz)/31.1) * 100) + (Au(g/t) * (Au(USD/oz)/31.1) * 100)) / Zn(USD/t)
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Reported drill intercepts are downhole core lengths with true thickness estimated to be at least 90% of core downhole length.”
T
2 Metals is focused on copper, nickel and lithium acquisition, exploration and development within the major mining
belts of western North America. The Company continues to target under -explored areas, including the Sherridon,
Lida and Cora projects where post-mineralization cover masks areas of high geological prospectivity in the vicinity
of major mines.
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About T2 Metals Corp (TSX.V: TWO) (OTC: AGLAF) (WKN: A2DR6E)
T2 Metals Corp is an emerging copper and precious metal company enhancing shareholder value through
exploration and discovery. T2 is focused on the Sherridon Project in Manitoba, the Lida Project in Nevada, and the
Cora Project in Arizona.
ON BEHALF OF THE BOARD,
“Mark Saxon”
Mark Saxon
President & CEO
For further information, please contact:
t2metals.com
1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Certain information set out in this news release constitutes forward-looking information. Forward looking statements are often,
but not always, identified by the use of words such as "seek", "anticipate”, "plan", "continue”, "estimate”, "expect", "may”,
"will", "intend", "could", "might", "should", "believe" and similar expressions. Forward- looking statements are based upon
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information provided or disseminated by third parties. Although the Company believes that the expectations reflected in
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These forward-looking statements are subject to a number of risks and uncertainties. Actual results may differ materially from
results contemplated by the forward- looking statements. Accordingly, the actual events may differ materially from those
projected in the forward-looking statements. Such risks include uncertainties relating to exploration activities. When relying
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