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Termination of the Maxwell and JMW, and Also the Schefferville Option Agreements

Termination of the Maxwell and JMW, and Also the Schefferville Option Agreements

Maxwell和JMW以及舍弗維爾期權協議的終止
newsfile ·  2023/04/11 05:30

Newfoundland Discovery Refocuses Portfolio by Terminating Option Agreements

紐芬蘭探索通過終止期權協議重新調整投資組合的重點

Toronto, Ontario--(Newsfile Corp. - April 10, 2023) - NEWFOUNDLAND DISCOVERY CORP. (CSE: NEWD) (OTC Pink: NEWDF) (FSE: M4K) ("Newfoundland Discovery" or "NEWD" or the "Company") announces the termination of the option agreements for the Maxwell and JMW projects in the Chapais-Chibougamau Area, as well as the Schefferville project located in the Schefferville Area, Quebec, Canada. These decisions were following a comprehensive review of each project's potential, upside exploration expansion potential, and alignment with the Company's strategic objectives.

安大略省多倫多--(Newsfile Corp.——2023年4月10日)- 紐芬蘭探索公司(CSE:NEWD)(場外交易鏈接:NEWDF)(FSE:M4K) (“Newfoundland Discovery” 或 “公司”)宣佈終止Chapais-Chibougamau地區的Maxwell和JMW項目以及位於加拿大魁北克省舍弗維爾地區的舍弗維爾項目的期權協議。這些決定是在全面審查每個項目的潛力、上行勘探擴張潛力以及與公司戰略目標的一致性之後做出的。

The Company will now prioritize its efforts on the Rodger's Cove Gold Project, which is located within the Central Newfound Gold Belt ("CNGB"), straddling both the JBP Fault and the Appleton Fault. These faults are associated with high-grade gold discoveries like New Found Gold's Lotto and Iceberg Zones. Additionally, the Company will focus on the Dickison, Newlands, and Sugaree lithium projects within the lithium-rich Subtico Subprovince.

該公司現在將優先考慮Rodger's Cove黃金項目,該項目位於中央新發現金帶(“CNGB”)內,橫跨JBP斷層和阿普爾頓斷層。這些斷層與 New Found Gold 的 Lotto 和 Iceberg Zones 等高品質黃金的發現有關。此外,該公司將專注於富含鋰的Subtico子省內的Dickison、Newlands和Sugaree鋰項目。

The terminated projects had the following highlights:

已終止的項目有以下亮點:

  1. The JMW Property:
  1. JMW 房產:
  • Located along the Guercherville Deformation zone.
  • Hosts gold mineralization and visible gold in drill holes associated with the deformation zone.
  • 位於蓋爾徹維爾變形區沿線。
  • 在與變形區相關的鑽孔中含有金礦化物和可見的黃金。
  1. The Maxwell Project:
  1. 麥克斯韋項目:
  • Approximately 15km to the northeast of JMW and close to Iamgold's Monster Lake deposit.
  • Gold occurrences in both the fine and heavy fraction of glacial tills associated with mapped structures.
  • 位於 JMW 東北約 15 公里處,靠近 Iamgold 的 Monster Lake 礦牀。
  • 金礦存在於與地圖結構相關的冰川坡的細部分和重部分中。
  1. The Schefferville Gold Project:
  1. 謝弗維爾黃金項目:
  • Approximately 53 gold occurrences grading from 1 g/t gold up to 171.5 g/t gold in mineralized iron formations.
  • Only three of these 53 mineralized prospect areas have been historically drill-tested.
  • 在礦化鐵層中,大約有 53 個金礦點的分級從 1 g/t 的金到 171.5 g/t 的金不等。
  • 歷史上,這53個礦化勘探區中只有三個經過了鑽探測試。

The termination of these agreements is part of Newfoundland Discovery's ongoing effort to optimize its project portfolio and allocate resources to the most promising and strategically aligned projects. The Company's commitment to delivering value to its shareholders is reinforced as it advances core projects, such as the Rodger's Cove Gold Project and the lithium projects in the Subtico Subprovince.

這些協議的終止是Newfoundland Discovery持續努力優化其項目組合並將資源分配給最有前途和戰略一致的項目的一部分。隨着公司推進核心項目,例如Rodger's Cove黃金項目和Subtico分省的鋰項目,該公司爲股東創造價值的承諾得到了加強。

"While the Maxwell, JMW, and Schefferville projects presented interesting opportunities, our comprehensive analysis indicated that they do not align with our long-term strategic goals," stated, President & CEO, Jeremy Prinsen of NEWD. "We will continue to concentrate our efforts on our core projects, such as the Rodger's Cove Gold Project and the lithium projects in the Subtico Subprovince, while also exploring new opportunities that align with our strategic objectives."

NEWD總裁兼首席執行官傑里米·普林森表示:“儘管麥克斯韋、JMW和Schefferville項目提供了有趣的機會,但我們的綜合分析表明,它們與我們的長期戰略目標不一致。”“我們將繼續將精力集中在我們的核心項目上,例如Rodger's Cove黃金項目和Subtico子省的鋰項目,同時還將探索與我們的戰略目標一致的新機會。”

Rodger's Cove Project

羅傑灣項目

The Rodger's Cove Gold Project is located in a highly prospective area that has seen significant success by New Found Gold, with their high-grade gold discoveries demonstrating the potential of the region. With the gold market currently experiencing a spot price of over USD$2,000 per ounce, prioritizing the Rodger's Cove Project provides an opportunity to capitalize on favourable market conditions.

Rodger's Cove Gold Project位於一個前景廣闊的地區,New Found Gold取得了巨大成功,他們的高品質金的發現表明了該地區的潛力。由於黃金市場目前的現貨價格超過每盎司2,000美元,優先考慮Rodger's Cove項目爲利用有利的市場條件提供了機會。

Lithium Projects in Lithium-Rich District

富鋰地區的鋰項目

The lithium projects are strategically positioned to benefit from the growing demand for lithium-ion batteries, driven by the electric vehicle and renewable sectors. The termination of the option agreements will not have a material impact on the Company's overall position. The Company will reallocate the resources previously dedicated to these projects to other ongoing initiatives that are more closely aligned with the Company's strategic priorities.

在電動汽車和可再生能源行業的推動下,鋰項目的戰略定位是受益於對鋰離子電池不斷增長的需求。期權協議的終止不會對公司的整體狀況產生重大影響。公司將把先前專門用於這些項目的資源重新分配給與公司戰略優先事項更爲一致的其他正在進行的舉措。

About Newfoundland Discovery Corp.

關於紐芬蘭探索公司

Newfoundland Discovery Corp. (CSE: NEWD) (OTC Pink: NEWDF) is a dynamic Canadian junior mining exploration Company, with a primary focus on the exploration and development of mineral assets in active Canadian mining districts. Our portfolio of projects includes three exciting lithium prospects along the lithium belt within the Quetico Subprovince, a robust portfolio of precious and base metal projects in Newfoundland, and a strategic early-mover foothold on projects in the Detour Lake Gold Mine district of Ontario.

Newfoundland Discovery Corp.(CSE:NEWD)(OTC Pink: NEWDF)是一家充滿活力的加拿大初級礦業勘探公司,主要專注於在加拿大活躍礦區勘探和開發礦產資產。我們的項目組合包括Quetico子省內鋰帶沿線三個令人興奮的鋰礦前景,紐芬蘭強大的貴金屬和賤金屬項目組合,以及安大略省Detour Lake Gold Mine區項目的戰略先行立足點。

On Behalf of the Board of Directors,
NEWFOUNDLAND DISCOVERY CORP.

代表董事會,
紐芬蘭探索公司

"Jeremy Prinsen"
President, CEO & Director

“傑里米·普林森”
總裁、首席執行官兼董事

Corporate Communications
Phone: +1 (236) 513-4653
Email: info@newfoundlanddiscovery.com
Website:

企業傳播
電話:+1 (236) 513-4653
電子郵件:info@newfoundlanddiscovery.com
網站:

Neither 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.

CSE及其監管服務提供商(該術語在CSE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。

Forward-Looking Statement

前瞻性陳述

This news release may contain certain "forward-looking statements" within the meaning of applicable securities laws. Such statements include, but are not limited to, statements regarding the Company's exploration plans, results, and objectives. Forward-looking statements involve known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, performance, or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to, exploration risks, commodity prices, market demand, and other factors beyond the Company's control. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events, or results, or otherwise.

本新聞稿可能包含適用證券法所指的某些 “前瞻性陳述”。此類聲明包括但不限於有關公司勘探計劃、結果和目標的聲明。前瞻性陳述涉及已知和未知的風險、不確定性、假設和其他可能導致前瞻性陳述所表達或暗示的實際業績、業績或成就的因素。這些風險和不確定性包括但不限於勘探風險、大宗商品價格、市場需求以及公司無法控制的其他因素。任何前瞻性陳述僅代表截至本新聞稿發佈之日,除非適用的證券法要求,否則公司不打算或有義務更新任何前瞻性陳述,無論是由於新信息、未來事件或業績還是其他原因。

To view the source version of this press release, please visit

要查看本新聞稿的源版本,請訪問

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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