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Vancouver, B.C. – TheNewswire – July 6, 2023 – Bathurst Metals Corp. (“Bathurst” or the “Company”) (TSXV:BMV) (OTC:BMVVD) is pleased to announce that exploration crews have successfully completed our spring soil sampling and ground magnetic survey program on the Peerless property located in the Goldbridge Mining camp, in south-central British Columbia. Field crews collected a total of 200 soil samples in an area of altered, up-thrusted ultramafics. Crews also performed 15.5 line kilometers of ground magnetic surveying. The new lines were laid out to infill between recently completed 53 kilometers of ground magnetic surveys. Soil sampling and geophysical survey work were completed between May 29, 2023 and June 8, 2023.
Historic soil sampling and drilling assay results from the property have shown significant gold concentrations associated with the altered ultramafics. The best assay results correlate with northeast and east-west trending structures. The just completed ground magnetic survey better delineates the magnetic ultramafics and will also be used to map out any structural offsets in the ultramafics.
A drill permit application has been submitted to the British Columbia Ministry of Mines with the drill program timed to occur this late summer / early fall.
Assay results are pending on the recently submitted soil samples submitted to Activation Labs in Kamloops, British Columbia.
Bathurst President, Lorne Warner said: “With the Xwisten exploration agreement in place and the submission of the drill permit application the company is now making final preparations for drilling later this year.
The combination of knowing the occurrence of high-grade gold/silver plus base metals mineralization from historic drilling and the fact that the property can be easily drill tested any time of the year means Bathurst Metals will be another one of several companies busy exploring in the Goldbridge Camp”.
Qualified Person
Lorne Warner, P Geo, is a qualified person as defined by National Instrument 43-101 and has reviewed
and approved the scientific and technical disclosure in this news release. Mr. Warner is not independent of the Company.
ON BEHALF OF THE BOARD OF DIRECTORS
Bathurst Metals Corp.
For more information contact Harold Forzley
Neither 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.
Forward Looking Statements
Certain of the statements made and information contained herein may contain forward- looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information concerning the Company’s intentions with respect to the development of its mineral properties. Forward-looking information is based on the views, opinions, intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information.
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