PowerStone Metals Provides Update on Chilton Cobalt Property
PowerStone Metals Provides Update on Chilton Cobalt Property
Vancouver, British Columbia--(Newsfile Corp. - June 7, 2023) - PowerStone Metals Corp. (CSE: PS) ("PowerStone" or the "Company"), a critical metals focused mineral exploration company, is pleased to provide an update on the Chilton Cobalt Property located in Quebec, Canada ("Chilton" or the "Property"), including an overview of the Company's 2022 work program and exploration plans moving forward.
溫哥華，不列顛哥倫比亞省-(Newsfile Corp.-2023年6月7日)-PowerStone Metals Corp.(CSE：PS)(“PowerStone“或”公司)，一家專注於關鍵金屬的礦產勘探公司，很高興提供位於加拿大魁北克省奇爾頓鈷礦的最新情況(切爾頓“或”屬性“)，包括公司2022年工作計劃和未來勘探計劃的概述。
On June 13, 2022, PowerStone entered into an option agreement (the "Option Agreement") with CBLT Inc., which subject to certain milestones, entitled the Company to acquire a 100% interest in the Property. PowerStone has now satisfied four of the five milestones in the Option Agreement, with the sole milestone remaining being the Company incurring additional exploration expenditures on the Property of C$139,271.23 on or before December 31, 2024.
2022年6月13日，PowerStone簽訂了一項期權協定(期權協定受制於若干里程碑，本公司有權收購該物業的100%權益。PowerStone現已完成期權協定中五個里程碑中的四個，餘下的唯一裡程碑是本公司於2024年12月31日或之前就該物業產生139,271.23加元的額外勘探開支。
In Q4 2022, PowerStone conducted its first exploration program that included surface grab sampling, to validate the grades associated with historical Co-Cu-Ni in the Chilton and Lac Sicotte showings, and a diamond drilling campaign of 230 meters on two additional targets established in a 2017 geophysical survey. The location of the three trenches executed in 2018 on the Lac Sicotte showing were located and sampled. Three of the samples showed copper grades of 3,560 ppm Cu, 6,190 ppm Cu, and 4,830 ppm Cu. Following completion of the 2022 work program, the Company commissioned an NI 43-101 Technical Report for the Property dated December 28, 2022, as amended February 7, 2023 (the "Technical Report"). The Technical Report can be found on the company website or on .
2022年第四季度，PowerStone實施了其第一個勘探計劃，其中包括地面抓取採樣，以驗證Chilton和Lac Sinotte礦藏中與歷史Co-Cu-Ni相關的品位，以及在2017年地球物理調查中確定的另外兩個目標上230米的鑽石鑽探活動。對2018年在Lac Sinotte展覽上執行的三個戰壕的位置進行了定位和採樣。其中三個樣品的銅等級分別為3560ppm銅、6190ppm銅和4830ppm銅。在2022年工作計劃完成後，公司委託編寫了一份日期為2022年12月28日、經2023年2月7日修訂的物業的NI 43-101技術報告(技術報告“)。技術報告可在公司網站或上找到。
In accordance with the suggested work program in the Technical Report, the Company intends to continue to refine its understanding of the Property and to define other potentially mineralized shear and fault/altered structures. To achieve these objectives, the Technical Report recommends that a more extensive drilling program on the Property occur over the 2023 and 2024 calendar years at a total cost of approximately C$1m. The 2018 and 2022 grab sampling results on Lac Sicotte showing suggest that the mineralization has an east-northeast trend. The data to be collected from the next drill program will provide the company with additional information to define future exploration strategy.
根據技術報告中建議的工作計劃，公司打算繼續完善其對該物業的理解，並界定其他可能礦化的剪切和斷層/蝕變構造。為了實現這些目標，技術報告建議在2023年和2024年對該地產進行更廣泛的鑽探計劃，總成本約為100萬加元。2018年和2022年在西科特湖上的抓取採樣結果表明，礦化具有東北向的趨勢。將從下一次鑽探計劃中收集的數據將為該公司提供更多資訊，以確定未來的勘探戰略。
The Company is actively evaluating the best course of action to implement the suggested work program.
公司正在積極評估實施建議工作計劃的最佳行動方案。
PowerStone remains committed to maximizing shareholder value through effective capital allocation and prudent decision-making. As part of our ongoing consideration of acquisition and investment opportunities, the Company remains active in evaluating additional mineral exploration properties.
PowerStone仍然致力於通過有效的資本配置和謹慎的決策實現股東價值最大化。作為我們持續考慮收購和投資機會的一部分，公司將繼續積極評估更多的礦產勘探資產。
Independent Qualified Person
獨立合資格人士
The technical content of this press release has been reviewed and approved by Merouane Rachidi, Ph.D. P. Geo, qualified person of GoldMinds Geoservices Inc.
本新聞稿的技術內容已由GoldMinds Geoservices Inc.的合格人員Merouane Rchidi博士審閱並批准。
About PowerStone Metals Corp.
關於PowerStone Metals Corp.
PowerStone is a mineral exploration company focused on the identification and exploration of high-quality critical metals assets, in favorable mining jurisdictions, to help meet the increasing demand of metals required for the transition to a green economy. PowerStone is currently exploring the Chilton Cobalt Property, a prospective cobalt asset located in Quebec, Canada. The Company may also evaluate the acquisition of other mineral exploration assets and opportunities. For more information, please visit .
PowerStone是一家礦產勘探公司，專注於在有利的礦業司法管轄區識別和勘探高質量的關鍵金屬資產，以幫助滿足向綠色經濟轉型所需的日益增長的金屬需求。PowerStone目前正在勘探奇爾頓鈷礦，這是一項位於加拿大魁北克的潛在鈷資產。本公司亦可能評估收購其他礦產勘探資產及機會。欲瞭解更多資訊，請訪問。
Contact Information
Raymond Harari
Chief Executive Officer, PowerStone Metals Corp.
e: rdh@canaliscapital.com
t: +507-6675-2221
聯繫資訊
雷蒙德·哈拉裡
PowerStone Metals Corp.首席執行官
郵箱：rdh@canaliscapal.com
電話：+507-6675-2221
Cautionary Note Regarding Forward-Looking Statements
有關前瞻性陳述的注意事項
Certain statements contained in this press release constitute "forward-looking information" as that term is defined in applicable Canadian securities legislation. Forward-looking information by its nature is based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. We have made certain assumptions about the forward-looking statements and information, including the mineralization prospects and future results of the Company's Chilton Cobalt Property. Although PowerStone's management believes that the assumptions made and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors include, the Property after exploration may not show sufficient mineralization to support further development, the market for cobalt and other critical metals can be volatile, Powerstone may be unable to complete the suggested work program on the Property, Powerstone may be unable to identify further exploration opportunities beyond the Property, the possibility that a liquid market for PowerStone's shares will not develop and that it will be unsuccessful in attracting new investors to support the development of its business and those other factors discussed in the section entitled "Risk Factors" in PowerStone's final prospectus filed on SEDAR. There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements or information contained herein. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.
本新聞稿中包含的某些陳述構成“前瞻性資訊”，這一術語在適用的加拿大證券法中有定義。前瞻性資訊的性質是基於假設的，涉及已知和未知的風險、不確定因素和其他因素，這些風險、不確定因素和其他因素可能會導致公司的實際結果、業績或成就與該等前瞻性陳述或資訊明示或暗示的任何未來結果、業績或成就大不相同。我們對前瞻性陳述和資訊做出了某些假設，包括公司奇爾頓鈷礦的礦化前景和未來結果。儘管PowerStone的管理層認為這些資訊所做的假設和所代表的預期是合理的，但不能保證前瞻性資訊將被證明是準確的。此外，如果一個或多個風險、不確定性或其他因素成為現實，或者基本假設被證明是不正確的，實際結果可能與前瞻性陳述或資訊中描述的大不相同。這些風險、不確定因素和其他因素包括：勘探後的礦產可能沒有顯示出足夠的礦化來支持進一步的開發，鈷和其他關鍵金屬的市場可能不穩定，Powerstone可能無法完成對該礦產的建議工作計劃，Powerstone可能無法在該礦產以外尋找更多的勘探機會，Powerstone股票的流動性市場可能無法發展，它將無法吸引新的投資者支持其業務的發展，以及Powerstone在提交給SEDAR的最終招股說明書中題為“風險因素”一節中討論的其他因素。不能保證前瞻性陳述或資訊將被證明是準確的，因為實際結果和未來事件可能與此類陳述中預期的大不相同。因此，讀者不應過分依賴本文中包含的前瞻性陳述或資訊。除法律要求外，公司不承諾更新前瞻性陳述或前瞻性資訊。
The CSE has in no way passed upon the merits of the business of the Company and has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
CSE絕不傳遞本公司業務的優點，既不批准或不批准本新聞稿的內容，也不對本新聞稿的充分性或準確性承擔任何責任。
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