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BWR Exploration Inc. Receives Second Tranche of Funding From Manitoba Mineral Development Fund

BWR Exploration Inc. Receives Second Tranche of Funding From Manitoba Mineral Development Fund

BWR Explore Inc.從馬尼託巴省礦物開發基金獲得第二批資金
GlobeNewswire ·  2022/10/17 21:05

Highlights:

重點:

  • Manitoba Mineral Development Fund ("MMDF") approves $100,000 second instalment, one further instalment left to follow as the project progresses through 2023.
  • Manto Sipi Cree Nation ("MSCN") Chief and Council consent to BWR commencing soil remediation program at Little Stull exploration camp.
  • 馬尼託巴省礦物開發基金(“MMDF”)批准了100,000美元的第二批付款,隨着項目的進展到2023年,還剩下一筆付款。
  • Manto Sipi Cree Nation(“MSCN”)首席執行官和理事會同意BWR在Little Stull勘探營地啟動土壤修復計劃。

TORONTO, Oct. 17, 2022 (GLOBE NEWSWIRE) -- BWR Exploration Inc. (the "Company" or "BWR") (TSX.V: BWR) is pleased to announce that the second tranche of funding as outlined in the "Contribution Agreement" dated October 25, 2021 with MMDF Corporation has been approved for release. Upon receipt of the second $100,000 tranche BWR will have received $200,000 of the total $300,000 grant from the Manitoba Mineral Development Fund ("MMDF"), details of which were previously announced on January 7, 2021. MMDF further advised that the Contribution Agreement for the third and final tranche has been extended until March 31, 2023, provided certain conditions are met. In addition, BWR has recently received authorization to proceed with a soil remediation program upon receipt of the plan after it has been shared with the leadership of Manto Sipi Cree Nation.

多倫多,2022年10月17日(環球通訊社)--BWR Explore Inc.(以下簡稱“公司”或“BWR”)(多倫多證券交易所股票代碼:BWR)高興地宣佈,與MMDF公司簽訂的2021年10月25日的“出資協議”中概述的第二批資金已獲準發放。在收到第二批100,000美元后,必和必拓將從馬尼託巴省礦產發展基金(“MMDF”)獲得總計300,000美元贈款中的200,000美元,詳情已於2021年1月7日公佈。MMDF進一步表示,如果滿足某些條件,第三次也是最後一次付款的捐款協定已延長至2023年3月31日。此外,在與Manto Sipi Cree Nation的領導人分享該計劃後,BWR最近獲得了在收到該計劃後繼續進行土壤修復方案的授權。

Use of Proceeds from MMDF: The first tranche proceeds of $100,000 received last fall from the MMDF grant facilitated a baseline clean-up program at BWR's existing exploration camp located at Little Stull Lake in NE Manitoba. Thirty-five soil samples were submitted for hydro-carbon analysis; a small surficial area (~3m by ~25m by ~0.2m deep) was identified as being of concern. The soil samples were collected from the camp site (1 hectare) on 25-meter centers; the results outlined a relatively small area of elevated hydrocarbons in soil, where empty fuel drums had been previously stored. The results were reported in a Soil in Hydrocarbon Report ("Soil Report") to MSCN Chief and Council in January 2022, then forwarded to Manitoba Ministry of Natural Resources and Northern Development ("MNRND") as request by the Chief at the time. The Soil Report was reviewed by Manitoba Department of Environment, Climate and Parks ("MECP"), in late June, 2022. MECP requested the Soil Report be peer reviewed by an independent environmental consulting group. The MECP letter was submitted to leadership of MSCN for review, meanwhile, BWR retained Pinchin Ltd., an environmental consulting firm with offices in Winnipeg, to peer review the Soil Report and develop a remediation plan.

MMDF收益的使用情況:去年秋天從MMDF贈款收到的第一批100,000美元資金促進了位於東北馬尼託巴省小斯塔爾湖的BWR現有勘探營地的基線清理計劃。35個土壤樣本被提交進行水碳分析;一個小的表面積(~3m×~25m×~0.2m深)被確定為令人擔憂。土壤樣本是從位於25米中心的營地(1公頃)收集的;結果概述了土壤中相對較小的碳氫化合物含量升高的區域,以前曾在那裏儲存空燃料桶。結果在2022年1月提交給MSCN局長和理事會的土壤中碳氫化合物報告(“土壤報告”)中報告,然後應局長當時的要求轉發給馬尼託巴省自然資源和北方發展部(“MNRND”)。馬尼託巴省環境、氣候和公園部門(MECP)於2022年6月下旬審查了這份土壤報告。MECP要求土壤報告由一個獨立的環境諮詢小組進行同行審查。MECP的信函已提交給MSCN的領導層進行審查,與此同時,BWR聘請了在温尼伯設有辦事處的環境諮詢公司Pinchin Ltd.對土壤報告進行同行審查,並制定修復計劃。

Authorization to Proceed: In late September, 2022, BWR received authorization from leadership of MSCN to engage in limited activities on their Ancestral Land at Little Stull Lake. In the authorization communique, BWR was requested to engage Pinchin Ltd. to complete a peer review of the Soil Report and prepare recommendations for a remediation plan. BWR engaged Pinchin on September 30. Their Peer Review Report ("PR Report") is expected before the end of October. MSCN further advised that after their review of the PR Report, BWR could proceed with the clean-up remediation as recommended by Pinchin and authorized by MECP. BWR was further authorized to complete minor repairs and some camp maintenance at the site to prepare it for the onset of winter. BWR is currently planning a short work program, which would commence following community consultations, if MSCN agrees; BWR is targeting late Fall 2022 for the commencement of the work (the soil remediation and camp repairs/maintenance).

授權繼續進行:2022年9月下旬,BWR獲得了MSCN領導層的授權,可以在他們位於小斯塔爾湖的祖傳土地上從事有限的活動。在授權公報中,要求BWR聘請品欽有限公司完成對土壤報告的同行審查,併為補救計劃準備建議。BWR於9月30日與品欽接洽。他們的同行審查報告(“公關報告”)預計在10月底之前完成。MSCN進一步表示,在他們審查PR報告後,BWR可以按照Pinchin的建議和MECP的授權進行清理補救工作。BWR還被授權在現場完成小修和一些營地維護,為冬天的到來做好準備。BWR目前正在計劃一個短期工作計劃,如果MSCN同意,該計劃將在社區協商後開始;BWR計劃在2022年秋末開始工作(土壤修復和營地修復/維護)。

Work Permit update: BWR's 2023 exploration proposal involves diamond drilling several exploratory holes; the start of this early-stage exploration program is contingent upon following the Consultation Protocol Roadmap as agreed to between MSCN and the Crown, and receiving the required permissions from the Crown in consultation with the leadership of MSCN as well as the community. Part of the Roadmap includes BWR meeting with leadership of MSCN followed by "in-community meetings". In this regard, BWR attended a meeting in Winnipeg with MSCN leadership on October 13, and an in-community meeting is scheduled for October 17 involving Community members, Community Leadership, representatives of the Crown (MNRND) and BWR. BWR anticipates that the in-community meeting should open the door for entering into an early-stage exploration agreement with MSCN; the terms of this agreement would be subject to the outcome of the community consultations.

工作許可更新:BWR的2023年勘探提議涉及鑽石鑽探幾個勘探孔;這一早期勘探計劃的開始取決於MSCN和皇室之間商定的協商協議路線圖,以及在與MSCN領導層和社區協商後獲得皇室的必要許可。路線圖的一部分包括與MSCN領導層舉行的BWR會議,然後是“社區會議”。在這方面,BWR於10月13日與MSCN領導層在温尼伯參加了一次會議,社區成員、社區領導層、皇室(MNRND)和BWR的代表定於10月17日參加社區會議。BWR預計,社區內會議應為與MSCN達成早期勘探協議打開大門;該協議的條款將取決於社區協商的結果。

About BWR Exploration Inc.: BWR Exploration Inc. is a public company focused on exploring for base and precious metals, with its flagship Little Stull Lake Gold Project in NE Manitoba along with other exploration projects in Northern Ontario, and Northern Quebec, Canada. Management of BWR includes an accomplished group of exploration/mining specialists with many decades of operational experience in the junior resource sector in Canada and abroad. There are 101,442,461 shares currently issued.

關於BWR Explore Inc.:BWR Explore Inc.是一家專注於賤金屬和貴金屬勘探的上市公司,其在東北馬尼託巴省的旗艦小斯塔爾湖金礦項目以及在安大略省北部和加拿大魁北克北部的其他勘探項目。BWR的管理包括一支經驗豐富的勘探/採礦專家團隊,他們在加拿大和國外的初級資源部門擁有數十年的運營經驗。目前發行的股票有101,442,461股。

Neither the Toronto 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.

多倫多創業交易所及其監管服務提供商(該術語在多倫多創業交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。

For information about BWR Exploration Inc. please visit our website:

有關BWR Explore Inc.的信息,請訪問我們的網站:

or call/email:
Neil Novak, P.Geo., President, CEO & Director,
BWR Exploration Inc.
82 Richmond St. E, Toronto, ON M5C 1P1
Office (416) 848 6866
nnovak@bwrexploration.com

或致電/發送電子郵件:
尼爾·諾瓦克,P.Geo,首席執行官總裁,董事,
BWR勘探公司
多倫多裏士滿東街82號,M5C 1P1
辦公室(416)848 6866
郵箱:nnovak@bwrexploration.com

For additional information regarding BWR please contact:

如需有關BWR的更多信息,請聯繫:

Carl Desjardins,
Paradox Investor Services Inc.
Office: 514-341-0408
carldesjardins@paradox-pr.ca

卡爾·德斯賈丁斯
Paradox Investor Services Inc.
辦公室:514-341-0408
郵箱:carldesjardins@paradox-pr.ca


譯文內容由第三人軟體翻譯。


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