First Tellurium Finalizing Upcoming Work Programs In British Columbia And Colorado |

First Tellurium Corp. (CSE: FTEL) (the "Company" or "First Tellurium"), reports that the Company is finalizing upcoming work programs for both its Deer Horn Project in British Columbia and Klondike Project in Colorado. Exploration will focus initially on the Deer Horn Property, with work expected to begin in September.

"Work at Deer Horn will concentrate on the copper porphyry showings detailed in our latest PEA," said FTEL CEO Tyrone Docherty. "While Deer Horn supports one of the world's only NI 43-101 qualified tellurium-silver-gold resources, past prospecting has revealed significant potential for copper porphyry mineralization outside of the known resource area."

Docherty added that, with the world's increasing focus on green metals, especially with new programs from the United States in support of domestic critical metals production, First Tellurium is strategically positioned to help meet this demand.

"First Tellurium has long been recognized as the leading tellurium-focused junior miner," said Docherty. "However, with the surging need for copper for electrification, we're seeing renewed interest in the Deer Horn property's copper potential."

Deer Horn's May 2018 Preliminary Economic Assessment noted that copper showings there may be evidence of a largely hidden porphyry copper systems. Samples collected from this zone produced results as high as 4240 ppm Cu and 6.6 g/t Ag. This new copper porphyry potential adds further exploration value to the property.

The copper showings are located about one kilometer west-northwest of the known Te-Ag-Au resource zone and also northeast of the resource.

Said Docherty, "More and more, this district that includes the Huckleberry Mine and Surge Copper's Ootsa-Berg project, is being recognized as one of the province's most exciting emerging copper districts."

In a recent news release, Surge Copper CEO Leif Nilsson noted that "…this district has significant untapped exploration potential and could one day be among the largest copper districts in Canada."

In Colorado, First Tellurium's exploration at the Klondike Project will focus on drilling the property's significant tellurium potential. Surface sampling by First Solar, Inc. in 2006 found very high tellurium grades of up to 3.3% (33,000 ppm) at Klondike, along with locally high gold grades. Tellurium grades at Klondike were the highest encountered in the company's nationwide exploration program.

Ab out First Tellurium Corp. First Tellurium's unique business model is to generate revenue and value through mineral discovery, project development, project generation and cooperative access to untapped mineral regions in Indigenous territory with sustainable exploration.

Our polymetallic (tellurium, gold, silver copper, tungsten) Deer Horn Project in British Columbia and Klondike tellurium-gold property in Colorado anchor a diversified search for metals, working in alliance with Indigenous peoples, NGOs, governments and leading metals buyers. This is the future of mineral exploration: generating revenue by exploring responsibly and leveraging diverse partnerships.

First Tellurium proudly adheres to and supports the principles and rights set out in the United Nations Declaration on the Rights of Indigenous Peoples and in particular the fundamental proposition of free, prior and informed consent.

Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.

Forward-looking information All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated event .

News Provided by GlobeNewswire via QuoteMedia

First Tellurium Corp. (CSE: FTEL OTC FSTTF ) (the "Company" or "First Tellurium"), reports that, further to the recently completed copper porphyry investigation at the Company's Deer Horn Property in west-central British Columbia, a follow-up drill campaign is planned for mid-October at the Pond copper porphyry target. The Pond is one of three porphyry-style showings discovered at Deer Horn in 2012. Dr. Lee Groat of the University of British Columbia, who led the August investigation, will direct the upcoming, small-scale drill campaign at Deer Horn.

"Our work last month identified additional copper porphyry-type rocks and geology at the Pond showing," said First Tellurium's President and CEO Tyrone Docherty. "Although we're awaiting assays from the latest rock samples, the team was confident enough in what they found to conduct a short drill campaign to gain more information before the 2022 exploration season ends."

The August investigation followed up on copper showings discovered at Deer Horn in 2012. First Tellurium's latest PEA noted that these showings were indicative of a copper porphyry system hidden from previous explorers due to glaciation.

The Deer Horn Property, located 36 km south of Imperial Metals' Huckleberry Cu-Mo mine and Surge Copper's Ootsa-Berg Project, is a polymetallic asset covering 51 square-kilometers. In addition to copper, tellurium, silver and gold, Deer Horn hosts other mineralized targets and zones containing tungsten, bismuth, lead, zinc and molybdenum.

"While Deer Horn gets a lot of attention for its tellurium and precious metals, the property's critical metal content has become much more intriguing with the push for green metals," said Docherty. "In addition to tellurium, the property's tungsten, bismuth, zinc and molybdenum are all included on the critical metals' lists for both Canada and the U.S."

Docherty added: "Although copper is not technically a critical metal due to its domestic supply, the green revolution cannot happen without it and a lot more copper will be needed. Identifying a large-scale copper porphyry system at Deer Horn could be a game-changer for the Company."

The exploration crew and the drilling company are returning to the property this week to confirm drill locations/access and to examine other potential targets, including the H-Spot showing. As noted in the latest PEA, "The H-Spot and Pond zones are new discoveries of porphyry-style copper+/-gold+/-silver mineralization and associated alteration. They are located at the head of the valley north of the Deer Horn adit and 2.3 km west of Lindquist Peak in an area with no known exploration history."

Docherty noted that assay results from the latest work at Deer Horn will be released as soon as they're available. Samples collected from the porphyry target zones in 2012 produced results as high as 4240 ppm Cu and 6.6 g/t Ag.

Presenting at the NAI 500 Resource Conference First Tellurium also reports that it will be presenting at the NAI 500 GCFF Global Resource Investment Conference , September 24th, 2022 at the Richmond Sheraton Hotel. GCFF is pleased to announce the return to in-person attendance for the first time since the pandemic.

FTEL's New Website, Presentation and Video We are also excited to announce the launch of our new website , where you'll find information about our company and properties. In addition, we have also released a new animated pitch deck, which you can find here . This presentation provides an overview of our business and future opportunities. Finally, we have also released a new explainer video, which you can find here . This video dives into the details of our properties and how they can benefit First Tellurium Investors.

Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.

News Provided by GlobeNewswire via QuoteMedia

First Tellurium Corp. (CSE: FTEL OTC FSTTF ) (the "Company" or "First Tellurium"), reports that the US Department of Energy (DOE) has launched the Cadmium Telluride Accelerator Consortium a $20 million initiative designed to make cadmium telluride (CdTe) solar cells less expensive and more efficient. The Consortium's intent is to spur technological advancements in CdTe manufacturing to help increase America's competitiveness, bolster domestic innovation and advance clean electricity deployment. The initiative augments President Biden's goal of achieving a net-zero economy by 2050.

"This news further supports our efforts to expand and develop the tellurium resource at the Deer Horn Project," said First Tellurium President and CEO Tyrone Docherty. "The demand for tellurium continues to increase, not only for solar cells, but for new battery technology and other applications. Currently the United States imports 95% of its required tellurium."

First Tellurium's Deer Horn Property, located in west-central British Columbia, hosts one of the world's only silver-gold-tellurium properties with an NI 43-101 compliant tellurium resource. The Company is also exploring the Klondike tellurium-gold property in Colorado, a high-grade tellurium prospect held previously by First Solar, Inc., one of the world's largest solar panel producers.

According to 360 Research, the CdTe solar cell market is expected to exceed $10 billion in 2027, more than double the roughly $4 billion in CdTe cells installed in 2021. The United States Geological Survey (USGS) estimates that roughly 40% of tellurium consumed in the U.S. during 2021 went to production of CdTe solar cells.

CdTe solar cells, made from cadmium and tellurium, were first developed in the United States. Today they make up about 20% of the market for solar modules. They offer the lowest cost-per-watt technology , have the shortest energy payback time and are the least carbon intensive in production.

"Major cadmium-telluride manufacturers, and in particular First Solar Inc., will need new amounts of tellurium to meet market needs," said Docherty. "According to the USGS, First Solar already consumes roughly 30% of the world's tellurium production."

First Solar, Inc. (Nasdaq: FSLR), broke ground in August 2021 on its third and largest CdTe solar cell manufacturing facility, located in Ohio.

The new 3.3 gigawatt (GW)DC plant, scheduled to open mid-2023, represents a $680 million investment. When fully operational, the facility is expected to scale the company's Ohio manufacturing footprint to a total annual capacity of 6 GWDC, which is expected make it the largest fully vertically integrated solar manufacturing complex outside China.

First Solar also intends to build its fourth domestic factory, with an annual capacity of 3.5 GWDC, in the US Southeast. The company expects to invest up to $1 billion in the new factory, which, contingent upon permitting and pending approval of various federal, state, regional, and local incentives, is expected to commence operations in 2025.

A December, 2021 report by S&P Global Market Intelligence noted: "First Solar's plan to spend $1.36 billion to help increase module capacity to 16 GW by 2024 seems certain to strain the tellurium market. If the company achieves its goals, its annual demand for the mineral will exceed last year's estimated global production by up to 70%, according to data from a November report by researchers at the Institute of Environmental Science and Technology at the Autonomous University of Barcelona."

Seeing the growing need for domestic supplies of tellurium, Rio Tinto invested approximately $2.9 million to build a plant capable of recovering roughly 20 metric tons of this semiconductive metalloid as a byproduct of the copper produced at its Kennecott Mine in Utah. First Solar has committed to purchasing all the tellurium produced at Kennecott.

"There are so many factors aligning for a robust tellurium market going forward," said Docherty. "With the U.S. pushing heavily to expand North American supply chains, we're positioning First Tellurium strategically to help meet that growing demand."

Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.

News Provided by GlobeNewswire via QuoteMedia

First Tellurium Corp. (CSE: FTEL) (OTC: FSTTF) (the "Company" or "First Tellurium"), reports that the Company's Strategic Partner Fenix Advanced Materials of Trail, BC, has provided additional funding to the University of British Columbia Okanagan (UBCO) to advance research and development of solid-state, lithium-tellurium batteries. The new batteries are designed to increase performance and stability specifically for powering electric vehicles. UBCO, home to over 11,562 undergraduate and graduate students, is a renowned research and innovation hub situated in British Columbia's Okanagan Valley.

As reported in First Tellurium's March 9 , 2022 news release, UBCO, in cooperation with Fenix, has developed a lithium ion tellurium battery that could meet a number of performance and safety needs for the EV battery market. Tellurium can extend lithium battery life up to 400% and in some cases hold ten times the charge (as reported January 26, 2022 ). The advanced and patented product is nearing commercial production. A recent Global News cast on the technology can be viewed here .

"Considering the Biden administration's recent commitment to provide nearly three billion dollars to boost production of advanced batteries, development of the lithium-tellurium battery is timely," said First Tellurium CEO Tyrone Docherty. "At the same time, Canada is developing its own Critical Minerals Strategy , backed by a commitment approaching four billion dollars in 2022, to address the need for metals like tellurium for advanced battery technology."

The UBC program, led by the UBC Okanagan Principal's Research Chair in Energy Storage Technologies Dr. Jian Liu, represents an important step toward building a battery supply chain locally while strengthening Fenix's international position in the growing battery market.

"This partnership with UBCO has played a key role in helping to uncover some exciting innovations in new battery technology and other clean technology solutions," said Fenix Founder Don Freschi. "We are thrilled to take this next step." Mr. Freschi also sits on First Tellurium's Advisory Board.

Fenix is supplying the pure tellurium required for UBCO's battery development. Tellurium has high electrical conductivity and a high volumetric capacity—meaning it can help create small, but powerful batteries. The collaboration with Fenix will ensure Dr. Liu and his team have the materials to conduct their research.

Under the Fenix-FTEL Strategic Partnership, First Tellurium plans to supply Fenix with tellurium from the Company's Deer Horn Project in west-central BC, situated south of Imperial Metals' Huckleberry Mine. First Tellurium is the only junior mining company focused on exploring for and supplying tellurium, and the Deer Horn Project represents North America's only tellurium-silver-gold property with an NI 43-101 compliant tellurium resource.

Said Docherty, "Fenix is a leader in supplying ultra-pure critical metals like tellurium to industry. They're well-positioned to benefit from the world's push to move away from fossil fuels."

Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.

News Provided by GlobeNewswire via QuoteMedia

First Tellurium Corp. (CSE: FTEL) (OTC: FSTTF) (the "Company" or "First Tellurium"), reports that it has secured Canadian Remote Drilling Services ("CRDS") of Maple Ridge, BC and Las Vegas, Nevada to conduct exploration drill campaigns at both the Klondike tellurium-gold project in Colorado and the Deer Horn tellurium-gold-silver project in British Columbia.

FTEL's immediate focus is at the Deer Horn Project, while the Klondike campaign is expected to launch later this year.

"Canadian Remote Drilling, led by Phil McLean, is a highly-regarded operator with over forty years of experience worldwide," said First Tellurium President and CEO Tyrone Docherty. "We're fortunate to have secured their services, especially considering the tight market for quality drilling companies."

Docherty noted that CRDS also manufactures leading edge drills used by a number of major mining companies. "Considering CRDS' experience, technical know-how and track record, we're confident that the program will be managed efficiently and professionally. We look forward to working with Mr. McLean and his team."

Drilling at the Colorado Klondike property will follow up on high-grade showings of both tellurium and gold identified through exploration by First Solar Inc. as part of their tellurium exploration initiative in the mid-2000s. During that time, First Solar performed geophysics, sampling, drill targeting, and permitting at Klondike. Following a corporate mandate to terminate their exploration initiative and source tellurium through open markets, First Solar dropped Klondike prior to drilling the identified targets. The property was then acquired by FTEL's Colorado Project Manager John Keller, P.Geo, who had managed Klondike exploration for First Solar. Mr. Keller, along with others who worked for First Solar at Klondike, will direct the upcoming drill program for FTEL.

As reported in the 2015 Colorado Mineral and Energy Industry Activities 2014-2015 publication, surface sampling by First Solar in 2006 found very high tellurium grades of up to 3.3% (33,000 ppm), along with locally high gold grades. The report noted that Tellurium grades at Klondike were the highest encountered in the First Solar's nationwide exploration program.

"With the growing focus on critical metals for green energy, the Klondike Property really stands out for its high-grade tellurium showings," said Docherty. "There's a good reason First Solar wanted Klondike to help supply tellurium for their cadmium-telluride solar panel production. They completed a lot of high-quality exploration, from which we're now benefitting."

Near-term drilling at the Deer Horn Project, located south of Imperial Metals' Huckleberry Mine and Surge Copper's Ootsa-Berg Project, is expected to focus on the copper porphyry showings reported in FTEL's August 23 news release. The objective is to gain a better understanding of potential porphyry systems related to these targets.

Drilling at Deer Horn in 2023 is targeted to further evaluate the known Te-Ag-Au resource, as recommended in the 2018 Preliminary Economic Assessment.

"We're very excited about taking these next steps at Deer Horn and learning more," said Docherty. "The copper targets span a very large area, and the current identified tellurium, silver and gold resource occupies only 450 meters of a 2.4 kilometer-long surface expression."

In a 2012 presentation to the International Minor Metals Conference in Cologne, Germany, First Solar identified Deer Horn as one of the world's top four primary tellurium properties, comparing Deer Horn to projects in China, Mexico and Sweden.

"Combining the drill campaigns on both properties, including current copper porphyry investigations underway at Deer Horn, we expect an active exploration pipeline over the coming 12-18 months," said Docherty. "We look forward to sharing news and results with our shareholders."

Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.

News Provided by GlobeNewswire via QuoteMedia

First Tellurium Corp. (CSE: FTEL) (OTC: FSTTF) (the "Company" or "First Tellurium"), reports that a work crew is mobilizing for further investigation of potential copper porphyry systems at the Deer Horn Project in west-central British Columbia. Deer Horn is located 36 kilometers south of Imperial Metals' Huckleberry open pit copper mine and Surge Copper's Ootsa-Berg project.

The program, expected to begin before Labor Day, is led by Dr. Lee Groat of the University of British Columbia. Dr. Groat is a Professor at UBC's Dept. of Earth and Ocean Sciences and a former NATO Postdoctoral Fellow at Cambridge University.

"Dr. Groat's team will follow up on three copper showings first discovered at Deer Horn in 2012," said FTEL CEO Tyrone Docherty. "As reported in our latest PEA, the showings were indicative of a copper porphyry system hidden from previous explorers due to glaciation. With the glaciers receding, we now have extensive new ground to explore with untapped potential."

The May 2018 PEA noted that bulk-tonnage, porphyry-style copper-silver mineralization and associated alteration was discovered north of the Deer Horn adit. Another new area of anomalous copper-gold mineralization was discovered along ridge crests northwest of Kenney Lake. The extent of both discoveries remains open and unknown at this time.

The copper showings are located about one kilometer west-northwest of the known Te-Ag-Au resource zone and also northeast of the resource. Prospecting of these showings will include use of portable spectrometer, which can greatly enhance identification and measurement of mineral systems.

"A copper porphyry system would add significant value to the Deer Horn Property's mineral mix," said Docherty. "While we've long focused on the tellurium-silver-gold zone, Dr. Groat has always championed the potential of other metals on the property. It's important to remember that Deer Horn covers more than fifty-one square kilometers, most of it unexplored."

The area around the Huckleberry Mine and Surge Copper's Ootsa-Berg project is being recognized as one of the province's most exciting emerging copper districts with significant untapped exploration potential. Recent discoveries by Surge Copper have added to interest in the region.

"Both copper and tellurium are critical for new battery technology," said Docherty. "New advances in lithium-tellurium (Li-Te) batteries show great promise for efficiency, safety and battery life, while copper is essential for development of electric vehicles. We feel the Company is well positioned to capitalize on both trends."

The Company also announces that it has granted 100,000 incentive stock options to a consultant of the Company, exercisable at a price of $0.19 per share for a period of 10 years.

Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.

News Provided by GlobeNewswire via QuoteMedia

Satori Resources Inc. (TSXV: BUD) ("Satori" or the "Company") is pleased to announce the commencement of its fall drilling campaign at the Tartan Lake Project, Flin Flon, Manitoba.

The Company plans to test the Hanging Wall Zone (in Main Zone) to extend the significant mineralization that was intersected in hole TLMZ21-12, which returned 47.56 g/t Au over 5.8 metres, within a broader interval that averaged 23.76 g/t Au over 12.6 metres (see news release dated December 6, 2021). This intercept isthe second highest value intercept ever recorded at Tartan Lake Main Zone and the Company believes that the physical differences in lithology and mineralization tenor suggest that this could represent the upper portion of a new zone in the hanging wall of the Main Zone trend.

The Company also plans to follow up on the most significant intersection reported from the South Zone in 2021. TLSZ21-05, intersected 7.48 g/t Au over 16.75 metres within a broader interval that averaged 4.76 g/t Au over 27.80 metres.

Jennifer Boyle, Chief Executive Officer, states, "This fully funded program is designed to expand the newly identified mineralization in the Main Zone hanging wall and the South Zone. Recent drilling over the past year and a half has evidenced the tremendous potential for this project which has been long overlooked throughout the past three decades."

Wes Hanson, P.Geo., is the qualified person who has reviewed and approved the contents of this press release.

ABOUT Satori Resources Inc. (TSXV: BUD)

Satori is a Toronto-based mineral exploration and development company whose primary property is expanding the resource at the past producing Tartan Lake Gold Mine Project, located in the prolific Flin Flon Greenstone Belt, Manitoba.

The Tartan Lake Project (2,670 Ha.) is located approximately 12 kilometres northeast of Flin Flon, Manitoba, and includes the Tartan Lake Mine (1986-1989) which produced 36,000 ounces of gold before the mine was shut down due to, in part, the price of gold falling below USD$390. Remaining infrastructure includes: an indicated resource estimate of 240,000 ounces averaging 6.32 g/t Au (see news release February 23, 2017), an all-season access road, grid connected power supply, mill, mechanical, warehouse and office buildings, tailing impoundment and a 2,100 metre decline and developed underground mining galleries to a depth of 300 metres from surface. Gold mineralization is associated with anastomosing quartz-carbonate veins hosted in east-west striking, steeply dipping shear zones up to 30 metres in width. The veins vary from several centimetres to several metres in width and gold grades vary from 1.0 to +100 g/t. Satori believes the mineral resources of the project are currently limited by drill coverage.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Jennifer Boyle, B.A., LL.B. President and Chief Executive Officer Satori Resources Inc. (416) 904-2714 jennifer@capexgroupinc.com

Mr. Pete Shippen Chair, Satori Resources Inc. (416) 930-7711 pjs@extramedium.ca

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.

This news release of Satori contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Satori's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/138081

News Provided by Newsfile via QuoteMedia

Finlay Minerals Ltd. (TSXV: FYL) (OTCQB: FYMNF) (" Finlay " or the " Company ") is pleased to announce results from the 2022 exploration program conducted on its ATTY Property (" ATTY ") which included trenching at the Attycelley Target, and mapping and rock sampling at the KEM Target

Highlights included Trench 2 on the Attycelley Target assaying 32.4 g/t silver ("Ag"), 0.34 % copper ("Cu"), 1.07 % lead ("Pb"), 2.98 % zinc ("Zn"), and 0.04 g/t gold ("Au") over 11 metres, ("m") including 1 metre grading 198 g/t Ag, 1.62 % Cu, 8.23 % Pb, 0.88 % Zn, and 0.18 g/t Au.

Robert F. Brown , President & CEO of Finlay Minerals states:

" The 2022 ATTY exploration advanced the KEM porphyry and Attycelley epithermal vein targets to drill-ready status. Favorable alteration, widespread mineralization and coincident geophysical anomalies at both these adjacent occurrences suggests the presence of a significant mineralizing system underlying the western portion of the ATTY Property. F inlay is pleased with the results and target sizes and will be planning further exploration for 2023."

The Attycelley target is an east-northeast-trending, steeply south-dipping, low-sulphidation epithermal vein system along a similar trending fault/shear. The structure exhibits intense oxidation and clay alteration associated with meter-scale quartz-carbonate-galena-sphalerite-chalcopyrite-pyrite veins.

The Attycelley target is east-northeast of the KEM target. ( Click HERE to view the Zn Soil and Rocks map for Attycelley and KEM .) Mapping and sampling have demonstrated mineralization over 500 m in length striking to the east and dipping steeply to the south. Based on past and 2022 geological mapping, the Attycelley target coincides with a structure mapped for 2,200 m along strike, with potential for mineralization along its entire length. The structure appears to extend west-southwest to the KEM target.

In 2022, mineralization along the shear zone was exposed and sampled in three (3) hand-dug trenches, the extents of which were limited by overburden cover; mineralization in all three trenches is open laterally.

Trench 1 was sampled across 5 m , and the first two (0- 2 m ) samples were mineralized within sheared, chloritized, and oxidized volcanic rocks and averaged 11.3 g/t Ag, 0.07 % Cu, 0.21 % Pb, 0.70 % Zn, and 0.38 g/t Au. Mineralization in quartz-carbonate veins included malachite stains, blebby chalcopyrite, and pods of galena.

Trench 2 was the western and longest trench. The trench was 11 m long. Sampling was done on 1 m intervals and included 1 m (7- 8 m ) grading 198 g/t Ag, 1.62 % Cu, 8.23 % Pb, 0.88 % Zn, and 0.18 g/t Au, within 11 m grading 32.4 g/t Ag, 0.34 % Cu, 1.07 % Pb, 2.98 % Zn, and 0.04 g/t Au.

Trench 3 was sampled across 2 m of sheared, chloritized oxidized volcanic rock, with calcite-quartz veining mineralized by pyrite, malachite, chalcopyrite, and blebby galena. The 2 m interval averaged 9.3 g/t Ag, 0.11 % Cu, 0.48 % Pb, 0.35 % Zn, and 0.11 g/t Au.

Trenches 1 and 3 were sampled using a typical channel saw along the desired length with 1 m continuous sample intervals. Trench 2 was channel sampled by chipping the heavily altered and oxidized rock with a shovel and hammer and sampling composite 1 m sample intervals.

The KEM target consists of a multi-oriented mineralized vein/breccia swarm underlain by a deep high chargeability anomaly as indicated by induced polarization (IP) surveys. KEM is considered a porphyry Cu-Au target due to its characteristic alteration and vein assemblages. The occurrence lies 1.8 km north of the Kemess North Trend which hosts Centerra Gold's Kemess Underground and Kemess East porphyry deposits. The Kemess East deposit is truncated at its eastern margin by a northwest-trending fault which extends onto the ATTY property and west of the KEM target area.

The 2022 exploration program expanded the extent of the known mineralization and further supports the potential for a porphyry system at the KEM Target. Alteration mapping north of historic drilling showed a gradational increase in the intensity of propylitic alteration northward, with exposures of weak potassic alteration assemblages in the far north. Multiphase quartz-carbonate-chalcopyrite-malachite-pyrite veins range in thickness from 5 cm – 2.0 m , and trend subparallel to topography for > 1 kilometre.

The 2022 KEM rock samples, of which there were 31 samples, consisted of mineralized veins, breccias and altered country rock. Samples yielded up to 0.61 g/t Au, 49.5 g/t Ag, and 1.10 % Cu. Average assay values for the rock samples were 0.11 g/t Au, 0.29 % Cu and 14.9 g/t Ag.

Selected Rock Sample Highlights from the KEM Target:

Composite 1 m chip sample over chloritized and brecciated basalt with quartz and calcite matrix

Quartz-carbonate oxidized vein with malachite

Augite phyric basalt cut by quartz and calcite veining and pervasively chlorite and epidote altered

Crystalline epidote-hematite-quartz-chalcopyrite- magnetite veins cross-cutting propylitic altered basalt

Multiple parallel stages of quartz-chalcopyrite, quartz- calcite-hematite-chalcopyrite and vein breccia

Quartz-calcite-chalcopyrite matrix within a brecciated propylitic altered augite phyric basalt

Vuggy quartz breccia and parallel wide coxcomb quartz-chalcopyrite vein

Cross cutting oxidized quartz-chlorite-malachite vein and oxidized quartz-calcite-chalcopyrite breccia vein

These KEM rock samples are from outcrops and the field sampling was selective.

The 2022 ATTY program included a total of 71 rock, 18 channel/chip, and 162 soil samples. Additionally, numerous mapping points, structural measurements, and alteration chips for spectral analysis were collected. Further maps, details and photos from the 2022 ATTY exploration program are available on the Finlay website at www.finlayminerals.com under the ATTY Property Mineralization page.

The ATTY Property is located within the Toodoggone Mining District of northern British Columbia. It is situated north of Centerra Gold Inc.'s former Kemess South Mine, the fully permitted Kemess Underground Cu-Au porphyry deposit, and the Kemess East Cu-Au porphyry deposit, and to the south of Amarc Resources' and Freeport McMoRan's joint venture Joy property hosting the Pine and Mex Cu-Au porphyry targets.

The KEM represents a Cu-Ag porphyry target and combined with the Attycelley low-sulphidation epithermal vein target, both now have drill-ready targets for discovery. With the purchase of the adjacent ATG Property, the ATTY also now includes the Wrich target which is south of the South Takla target which hosts a large Cu-Au surface geochemical anomaly on the Joy Property. ( Click HERE to view the complete ATTY Property Map .)

The ATTY property contains intriguing targets with great potential for near-term discovery.

All samples were shipped to ALS Global Laboratories for analysis. The rock and trench samples were sampled, photographed and geological information was taken in the field. The samples were placed in sample bags with a sample tag and securely sealed with zap straps and then placed in rice bags that were sealed with security tags and then shipped to ALS Global Laboratories in Kamloops, BC . Rock and trench samples were crushed to 70% less than 2 millimetres, rotary split off 250 grams ("g"), and pulverised split to better than 85% passing 75 microns. Samples were analyzed for 48 elements by four-acid digestion on a 0.25 g sample (method ME-MS61). Gold was analyzed by fire assay using a 30 g sample with an AAS finish (method Au-AA23). Over limit silver assays greater than 100 ppm were re-analyzed by fire assay using a gravimetric finish using a 30 g sample. Assays for copper, lead and zinc that were greater than 10,000 ppm were re-analyzed by four-acid digestion and an ICP finish using a 0.4 g sample for overlimit values.

Soil samples were placed within rice bags, securely sealed with security tags, and shipped to ALS Global Laboratories in Kamloops, BC . The soil samples were dry screened to 180 micron (80 mesh) and analyzed by Aqua Regia (AuME-TL43) using a 25 g sample.

In addition to the ALS Global Laboratory QA/QC protocols, Finlay Minerals implements an internal QA/QC program that includes the insertion of duplicates, standards, and blanks into the sample stream accounting for 4% of the total samples.

Wade Barnes , P. Geo. and Vice President, Exploration for Finlay Minerals and a qualified person as defined by National Instrument 43-101, has approved the technical content of this news release.

Finlay is a TSXV company focused on exploration for base and precious metal deposits in northern British Columbia .

Finlay trades under the symbol "FYL" on the TSXV and under the symbol "FYMNF" on the OTCQB. For further information and details, please visit the Company's website at www.finlayminerals.com

On behalf of the Board of Directors,

Robert F. Brown , P. Eng. President & CEO

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Information: This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the exploration plans for the ATTY Property. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

View original content: http://www.newswire.ca/en/releases/archive/September2022/22/c5709.html

News Provided by Canada Newswire via QuoteMedia

Nevada Sunrise Gold Corporation (TSXV: NEV) (OTC: NVSGF), (" Nevada Sunrise" or the " Company "), announced today that effective September 23, 2022 the Company's name will change from "Nevada Sunrise Gold Corporation" to "Nevada Sunrise Metals Corporation."

The Company's common shares will begin trading on the TSX Venture Exchange on September 23, 2022 under the new name. The Company's trading symbol will remain "NEV". The new CUSIP will be 641492103 and the new ISIN number will be CA6414921032. The share capital of the Company remains unchanged.

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC , Canada , that holds interests in lithium, gold, copper and cobalt exploration projects located in the State of Nevada, USA .

Nevada Sunrise owns 100% interests in the Gemini and Jackson Wash lithium projects, both of which are located in Esmeralda County, NV. The Company owns Nevada water right Permit 86863, located in the Lida Valley basin, near Lida, NV.

The Company's key gold asset is a 20.01% interest at the Kinsley Mountain Gold Project ("Kinsley Mountain") near Wendover, NV. Kinsley Mountain is a joint venture with Copaur Minerals Inc. Kinsley Mountain is a Carlin-style gold project hosting a National Instrument 43-101 compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 g/t Au (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t Au (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t Au 1 .

Technical Report on the Kinsley Project, Elko County, Nevada, U.S.A., dated June 21, 2021 with an effective date of May 5, 2021 and prepared by Michael M. Gustin, Ph.D., and Gary L. Simmons, MMSA and filed under New Placer Dome Gold Corp.'s Issuer Profile on SEDAR ( www.sedar.com ).

Nevada Sunrise has right to earn a 100% interest in the Coronado VMS Project, located approximately 48 kilometers (30 miles) southeast of Winnemucca, NV. The Company owns a 15% interest in the historic Lovelock Cobalt Mine and the Treasure Box copper properties, each located approximately 150 kilometers (100 miles) east of Reno, NV , with Global Energy Metals Corp. holding an 85% participating interest.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this press release.

SOURCE Nevada Sunrise Gold Corporation

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2022/21/c0362.html

News Provided by Canada Newswire via QuoteMedia

New Break Resources Ltd. (CSE: NBRK) ("New Break" or the "Company") is pleased to outline the Company's 2022 exploration programs at its 100% owned Moray property ("Moray") located approximately 49 km south of Timmins, Ontario and 32 km northwest of the Young-Davidson Gold Mine operated by Alamos Gold Inc. New Break developed a fresh approach to 2022 exploration following the interpretation of results from its 2021 exploration programs, including observations and findings from detailed compilation work that also identified gaps in historical exploration work. Gold mineralization at Moray occurs in second order structures interpreted as splays off the Cadillac Larder-Lake Fault Zone, part of the famous Abitibi greenstone belt.

For almost 60 years, Moray has attracted over a dozen different operators, including mining industry giants like Noranda Inc. ("Noranda"), Rio Tinto, Inmet Mining Corporation and Newmont Corporation. Successive cycles of exploration work were completed, focused on gold, base metals (Cu, Pb, Zn, Ag) and ultramafic hosted Ni-Cu mineralization with 13 separate mineral showings recognized in the Ontario Mineral Index Inventory. Historical drilling includes an aggregate of 9,794 metres in 61 diamond drillholes, completed from 1964 to 2012 by a dozen different companies, including the most recent 2012 work, completed by SGX Resources Inc. ("SGX"). SGX performed prospecting and trenching programs during the summer of 2012, completed an induced polarisation ("IP") survey in November 2012 and completed a 776-metre diamond drilling program in five drillholes in December 2012. SGX cut short its exploration of Moray to focus on another nearby property. After a number of years of inactivity, New Break is bringing a fresh and collaborative approach to exploration at Moray.

Numerous instances of short tenure by past operators left a gap in understanding the geological structures that underlie the Moray property and its mineral showings. Success from drilling is increased tremendously by spending the necessary time and performing the necessary work to gain this understanding. New Break has focused on analyzing all historical work on the property, including historical drilling. Through this analysis and after incorporating new field work and interpretations, it is apparent that other compelling drill intersections of gold mineralization have never been followed up.

Michael Farrant, President and CEO of New Break, noted, "After acquiring the Moray property in September 2020, the task of understanding the geology of Moray and its potential host an economic mineral deposit was led by Bill Love, New Break's Vice-President, Exploration and a key member of the Hemlo gold deposit discovery team. Discoveries like Hemlo don't come without patience and developing a new and better understanding of the geology. The 1981 discovery at Hemlo was years in the making and only came after 75 unsuccessful drillholes by Corona Resources. The Hemlo gold camp has produced over 22 million ounces of gold and is one of Canada's most important gold camp discoveries. Who better to lead the efforts at Moray than one of the geologists who participated in the Hemlo discovery."

Bill Love built a technical team comprised of Orix Geoscience Inc. ("Orix"), along with a number of industry specialists to support him in undertaking a detailed compilation of the historical exploration work performed at Moray. Initial collaboration included reviewing assessment reports, observing and sampling historical drill-core, speaking to past operators to understand their perspectives on the property and facilitating a variety of technical sessions focused on interpretation and targeting. The results of 2021 survey work were interpreted using advances in technology, including proprietary 3-D modelling. 2022 exploration programs have been further designed to allow New Break to develop the best ever drill targets on the Moray property, based on a new and comprehensive geological understanding, and drill them.

In August and October 2021, Shaun Parent, P. Geo., of Superior Exploration Co. ("Superior Exploration") completed 22.61 line-kilometres of Very Low Frequency ("VLF") ground geophysical surveys over three principal targets areas, the Fiset showing ("Fiset"), the Voyager showing ("Voyager") and over the eastern end of Moray Lake, in order to test the historical results yielded in the NOR-1 drillhole, drilled by Noranda in 1965. VLF data are used to map geologic structure, including the apparent dip of fault zones and shear zones. The data can be interpreted to identify the dip of these structures for reliable drilling. The main Voyager trend was evident from the results of the survey and is evidenced by pyrite-pyrrhotite mineralization associated with mafic volcanics. The VLF survey at the East end of Moray Lake did produce a conductor/structure co-incident with the presumed azimuth of the NOR-1 drillhole.

From early October 2021, New Break engaged Pioneer Exploration Consultants Ltd. ("Pioneer") to perform a detailed airborne drone magnetometer ("Drone-MAG") survey over the entire 1,856-hectare Moray property using an Unmanned Aerial Vehicle ("UAV"). The UAV provides a low altitude aeromagnetic survey, producing high resolution data at regular intervals at a fraction of the cost of ground magnetics. The Drone-MAG survey resulted in New Break gathering Total Magnetic Intensity, 1st Vertical Derivative and 3D Analytic Signal data for the Moray property. The Drone-MAG survey details are noted in the following table:

Magnetic methods are applicable to gold exploration in syenites, such as the Fiset syenite at Moray, because alteration readily destroys magnetite such that gold deposits in syenites invariably occur within "magnetic quiet zones". The data generated through the Drone-MAG survey at Moray, was further analyzed with the generation of magnetic inversions. The magnetic inversions provide a 3-D view of areas where magnetite destruction has occurred, including gold mineralized sections of the Fiset syenite, similar to syenite-hosted gold mineralization found at the Young-Davidson mine. Areas of magnetite enrichment are also highlighted, associated with serpentinization and potential Ni-Cu mineralization in the Moray ultramafic rocks.

In March 2022, New Break purchased the raw IP data from SGX from their 2012 IP survey, which was far more cost effective than duplicating the work. IP surveys are important as they measure the chargeability and conversely the resistivity of the subsurface and are a well-known tool for mapping disseminated style mineralization and sulphide mineralization associated with gold. IP can help discriminate between non-mineralized conductors such as shear zones and faults and map alteration zones.

New Break engaged Alan King of Geoscience North Ltd. ("Geoscience North") with the assistance of Gordon Morrison, to interpret the results of the 2021 VLF and Drone-MAG surveys, along with the purchased raw IP data. Mr. King was Chief Geophysicist at Inco Ltd. and Vale S.A., while Mr. Morrison was past President of TMAC Resources Inc. as well as having been an integral part of the discovery of 13 major polymetallic and precious metal deposits, six of which are producing mines. Through the use of proprietary technology, Mr. King created a geological model of the Moray property incorporating the VLF, Drone-MAG and IP data which has yielded revolutionary new targets for mechanical stripping and drilling unlike any historical data interpretation conducted in respect of the Moray property.

Spring and Summer 2022 Moray Exploration Programs

VLF Survey of the Fiset Syenite

3-D modelling of Drone-MAG survey data by Geoscience North has interpreted a magnetic low represented in a southerly plunging inversion shape within the Fiset syenite. As a result, New Break again engaged Superior Exploration to complete a 14.88 line-km VLF ground geophysical survey of the northeastern corner of the Moray property in April 2022. The purpose of the survey was to test for conductors and structures associated with this plunging magnetic low. Gold mineralization is thought to exist in the altered syenite. The survey yielded two VLF trends that have yet to be tested.

Glacial till sampling is a tried-and-true mineral exploration technique based on glacial erosion and the down-ice transportation of primary bedrock mineralization. This relatively new method has led to several critical gold discoveries in Canada in the past few decades, including the Rainy River gold deposit in northwestern Ontario. Till sampling has never been performed on the Moray property by any of the previous operators. In June 2022, New Break engaged IOS Services Géoscientifique Inc. ("IOS") out of Chicoutimi, Quebec, to complete a till sampling survey of the Moray property. In 2021, IOS completed an extensive till sampling program for Kenorland Minerals Ltd. on their Frotet Project in Quebec.

From June 5-10, 2022, IOS visited the Moray property taking 46, 10-kilogram basal till samples from the C-horizon of glacial till. The sampling grid consisted of sampling lines (WSW-ENE and E-W) approximately 1 kilometre apart and perpendicular to the dominant ice flow with spacing of approximately 250 metres between samples. Samples will be processed by IOS in Chicoutimi, Quebec using their ArtPHOT and ArtGOLD methodologies. Following sample preparation, this involves the use of a high-resolution optical camera to identify gold grains and their morphologies (ArtPHOT technique). Any gold grains recognized through automated photo recognition will be scanned with a research-grade scanning electron microscope to confirm the composition. The analysis and findings are expected to be completed by the end of October 2022.

Mechanical Stripping, Washing, Channel Sampling and Structural Mapping

During the process of compiling the results of historical exploration work on the Moray property, it became apparent to New Break that no previous operator had completed a sufficient level of structural mapping to understand the geological structure associated with the main mineral showings on the property. In addition, while SGX did undertake a 76-sample prospecting program and completed 2,285 m2 of mechanical stripping in a 15-trench program that yielded 194 samples, SGX did not cut channel samples and did not drill their best gold target in their December 2012, 5-hole, 776 metre drilling program.

In approaching 2022 exploration of Moray, New Break determined that gaining a better understanding of the structural controls governing the mineralization at Moray was a critical component to ensuring the greatest chance of future drilling success. New Break engaged CXS Canadian Exploration Services Ltd. ("CXS") out of Larder Lake, Ontario, to complete an initial program of approximately 3,800 m2 of mechanical stripping, principally focused on the Voyager area, including the historical SGX trench 12 and the Fiset area, including the historical SGX trench 1 and NOR-1 vein discovered by Noranda. Stripping, which also included the dewatering of SGX trenches 1 and 12 to accommodate structural mapping by Orix, was completed from June 20-30, 2022. CXS washed both the newly stripped areas and the historical SGX trenches 1 and 2 at Fiset and trench 12 at Voyager which was followed by a 135-sample channel sampling program. The channel sample areas were marked by New Break personnel and cut by CXS, with the program being completed on July 17, 2022.

New Break engaged Orix to oversee the channel sampling program and complete detailed structural mapping of the Voyager and Fiset areas, including prospecting, which included taking 77 rock chip samples from various areas of the Moray property, including historical SGX trench 12 at Voyager. Orix arrived at Moray on July 13, 2022 and completed a high-resolution drone imaging survey of the new and historical stripped areas at Moray. This high-resolution survey has provided New Break with an unprecedented visual record of exploration work at Voyager and Fiset. Orix completed the rock sampling program, including geological and structural mapping by mid-August 2022. New Break expects the assay results from the channel sampling and prospecting programs to be available in the coming days.

The 2022 exploration work programs at Moray are being funded in part by the Province of Ontario as part of the Ontario Junior Exploration Program ("OJEP"). New Break is extremely pleased to be part of a small group of companies that were successfully approved to receive funding under OJEP. The funding period covers eligible exploration work completed between April 1, 2022 and February 15, 2023. Eligible expenses are reimbursed at a rate of 50% with the aggregate reimbursement capped at $200,000. Only 12 companies were approved during the first intake in 2021 and only 18 were approved in the second intake in 2022, including New Break, which accomplished this while still private. Further information on OJEP can be found at www.ontario.ca/page/ontario-junior-exploration-program, including a list of the successful companies.

The Moray property is fully permitted for conducting prescribed exploration activities, including mechanical stripping and drilling, for a period of three years to October 21, 2024. In addition, New Break has the support of the Matachewan and Mattagami First Nations ("First Nations") through a Memorandum of Understanding ("MOU") signed October 22, 2022. New Break has agreed to make payments to the First Nations equal to 2% of the cost of prescribed exploration activities and where possible, New Break will look to offer employment and training opportunities to First Nations members.

Peter C. Hubacheck, P. Geo., consulting geologist to New Break, and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical disclosure in this news release.

About New Break Resources Ltd.

New Break is a Canadian mineral exploration company with a dual vision for value creation. In northern Ontario, New Break is focused on its Moray Project, in a well-established mining camp, within proximity to existing infrastructure, while at the same time, through our prospective land holdings in Nunavut, we provide our shareholders with significant exposure to the vast potential for exploration success in one of the most up and coming regions in Canada for gold exploration and production. New Break is supported by a highly experienced team of mining professionals committed to placing a premium on Environmental, Social and Corporate Governance. Information on New Break is available under the Company's profile on SEDAR at www.sedar.com and on the Company's website at www.newbreakresources.ca. New Break began trading on the Canadian Securities Exchange (www.thecse.com) on September 7, 2022 under the symbol (CSE: NBRK).

For further information on New Break, please contact:

Michael Farrant, President and Chief Executive Officer Tel: 416-278-4149 E-mail: mfarrant@newbreakresources.ca

And follow us on Twitter and LinkedIn

No stock exchange, regulation securities provider, securities commission or other regulatory authority has approved or disapproved the information contained in this news release.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to property agreements, timing and content of upcoming work programs, geological interpretations, receipt of property titles, an inability to predict and counteract the effects global events on the business of the Company, including but not limited to the effects on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains etc. Forward-looking information addresses future events and conditions and therefore involves inherent risks and uncertainties, including factors beyond the Company's control. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update publicly or otherwise any forward-looking information, except as may be required by law. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's financial statements and management's discussion and analysis (the "Filings"), such Filings available upon request.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/137944

News Provided by Newsfile via QuoteMedia

Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the "Company" or "Kuya Silver") is pleased to announce that the terms of its agreement to acquire the Carmelitas concessions (located in the district of Acobambilla, department of Huancavelica, and in the district of Chongos Altos, department of Junín, in Peru) have been amended, and Kuya Silver intends to commence initial field work. The acquisition of the three concessions was first announced on May 14, 2021, with the purchase price consisting of cash and common shares of Kuya Silver, to be paid on a schedule over eighteen months. Kuya Silver and the vendor, Freddy Canales, have agreed to amend the terms of the transaction as follows:

The total purchase price for the Carmelitas concessions, reflecting both cash and common shares, has increased from US$892,500 to US$952,500. Title to the three concessions totalling 800 hectares has already been transferred to Kuya Silver's Peruvian subsidiary, Kuya Silver S.A.C.

The Carmelita concessions, and, in particular, the recently past-producing Carmelitas Mine, remain an area of focus for Kuya Silver's regional exploration in the greater Bethania district. Up until 2020, the Carmelitas Mine hosted small-scale silver-lead-zinc production of epithermal-related mineralization, similar to mineralization hosted at the Bethania Mine, which is located only 3 km to the east. To date, Kuya Silver personnel have mapped and observed five veins, of which three saw recent production with access via several horizontal adits in two vertical levels approximately 40 metres apart (Table 1).

Table 1: Highlights of previous rock chip samples taken at the Carmelitas Project

*silver equivalent ("eq.") is calculated using the following metal prices: silver $19/oz, lead $1900/t, zinc $3200/t

Four of the five veins identified to date strike in a NE-SW direction, essentially parallel to the principal vein systems of the Bethania Mine (e.g. Española, 12 de Mayo, Victoria; Figure 1). These two mineralized vein systems (Bethania and Carmelitas), as well as the other vein prospects identified by Kuya Silver and other personnel in the field, are interpreted to be features of a larger collapsed caldera system known as the Huayta Caldera (Figure 2). The Carmelitas and Bethania vein systems are mirrored across the flanks of the Huayta Caldera, which likely controls and drives local epithermal mineralization in the Bethania district, and much of this prospective area is now covered by Kuya Silver's mining concessions and mineral claims.

Kuya Silver intends to conduct a more detailed mapping, prospecting, and sampling program to better understand the Carmelitas vein system, including grade distribution, alteration, metal zoning, and other data, in order to prepare for more advanced exploration leading to a future drilling campaign.

David Stein, Kuya Silver's President and CEO, remarked: "Understandably, Kuya Silver has focused much of its exploration attention to date on at the Bethania mine and its immediate vicinity, while at the same time accumulating a commanding land position in the Bethania district. While our work at the Bethania mine site and nearby area (e.g. the Hilltop Zone) has just started to scratch the surface on the potential to host a significant silver-polymetallic deposit at depth and along strike, the exploration of a potential second zone of mineralization in the district, such as Carmelitas, will be highly strategic to our long-term growth in the area."

A total of six rock chip samples were collected in early 2021. The coordinates of the locations of each sample were measured by handheld GPS and recorded, and the samples dispatched to the SGS laboratory in Lima for geochemical analysis. The analyses were carried out using the following methods: FA313 - Fire Assay for gold, ICP40B - ICP-AES Multi-acid digestion for 36 elements, and AAS41B - Atomic Absorption, multi-acid digestion for Ag, Pb, Zn over detection limit. SGS Laboratories in Lima has international certifications OHSAS 18001, ISO 14001 and ISO 9001 and is accredited by INACAL under the NTP-ISO / IEC 17025.

The technical content of this news release has been reviewed and approved by Mr. David Lewis, P.Geo., Exploration Director of Kuya Silver and a Qualified Person as defined by National Instrument 43-101.

Kuya Silver is a Canadian‐based mineral exploration and development company with a focus on acquiring, exploring, and advancing precious metals assets in Peru and Canada.

For more information, please contact:

David Stein, President and Chief Executive Officer Telephone: (604) 398‐4493 info@kuyasilver.com www.kuyasilver.com

This news release contains statements that constitute "forward-looking information," including statements regarding the plans, intentions, beliefs, and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may," "would," "could," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect," "future," "growth," "must," "next," "potential," "progress," "prospect," and similar expressions, as they relate to the Company or its management, are intended to identify such forward-looking information. Investors are cautioned that statements including forward-looking information are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those described in the forward-looking information as a result of various factors, including but not limited to fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing, and general economic, market and business conditions. There can be no assurances that such forward-looking information will prove accurate, and therefore, readers are advised to rely on their own evaluation of the risks and uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.

Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Figure 1: Detailed Carmelitas Project map showing known veins and surficial grab samples

To view an enhanced version of Figure 1, please visit: https://images.newsfilecorp.com/files/5945/137893_2972c6cdf45cb85b_001full.jpg

Figure 2: Bethania district map showing interpreted collapsed Huayta Caldera and spatially associated mineralization

To view an enhanced version of Figure 2, please visit: https://images.newsfilecorp.com/files/5945/137893_2972c6cdf45cb85b_002full.jpg

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/137893

News Provided by Newsfile via QuoteMedia

Virtual core shack visit planned for September 21, 2022 at 4:00 pm EDT

Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) (the "Company" or "Prismo") is pleased to provide an update of the drilling program currently underway at its Palos Verdes project, located in the historic Panuco-Copala district of the state of Sinaloa, Mexico. The Company has drilled approximately 560 meters in two core holes of a planned minimum of 2,000-meter drill program, with the second hole currently in progress. The Palos Verdes property is contiguous to the Panuco silver-gold project of Vizsla Silver Corp. The drilling campaign is expected to last approximately two and a half months. The first batch of samples have been sent to SGS, an internationally recognized laboratory with a preparation and analytical facility near the project in Durango, Mexico.

"After a challenging start due to a particularly intense rainy season and some maintenance issues with the drill rig, we are now advancing with the drilling," said Craig Gibson, President and CEO of Prismo. "The first batch of samples have been sent to the lab for analysis. Results are expected to be received in about two weeks."

The drill program is designed to test the Palos Verdes vein and a structural intersection with a second vein at depths where it is believed that potential for a large ore shoot is present, similar to the drilling accomplished by Vizsla Silver on their adjacent land package. Previous shallow drilling has intersected high grade mineralization with the best intercept of 2,336 g/t Ag and 8.42 g.t Au over a true width estimated at 0.8 meters within a larger mineralized interval with 1,098 g/t Ag and 3.75 g/t Au over a true width of 2.3 meters (see Prismo's news releases dated September 30 and December 20, 2020).

Photos of some vein intercepts from the current drilling campaign are presented on the Prismo website:

https://prismometals.com/wp-content/uploads/2022/09/photos_of_vein_intercepts_from_the_second_hole_Palos_V.pdf

Prismo also announces that will be hosting virtual visit of its Palos Verdes core shack by ZOOM call on Wednesday September 21, 2022 at 4:00 pm EDT.

Format: Management presentation (15 to 20 minutes) followed by question period (5 to 10 minutes). Please email your questions to jason.frame@prismometals.com

https://us02web.zoom.us/j/85022667307?pwd=bG14bC9KMXUrOHFFbGJhMzVUSW95Zz09

The investor update will be posted on the Company's website immediately following the meeting.

Dr. Craig Gibson, PhD., CPG., a Qualified Person as defined by NI-43-01 regulations and President, CEO and a director of the Company, has reviewed and approved the technical disclosures in this news release.

The Palos Verdes project is located in the historic Pánuco-Copala silver-gold district in southern Sinaloa, Mexico, approximately 65 kilometers NE of Mazatlán, Sinaloa, in the Municipality of Concordia. The Palos Verdes concession (claim) covers 700 meters of strike length of the Palos Verdes vein, a member of the north-easterly trending vein family located in the eastern part of the district outside of the area of modern exploration. Shallow drilling (see table of intercepts at www.prismometals.com). This mineralization is open in all directions and the currently planned drilling program is designed to follow it along strike and to depth.

Prismo (CSE: PRIZ) is junior mining company focused on precious metal exploration in Mexico.

Contact: Craig Gibson, Chief Executive Officer and Director 1100 - 1111 Melville St., Vancouver, British Columbia V6E 3V6 craig.gibson@prismometals.com

Jason Frame, Manager of Communications jason.frame@prismometals.com

Neither the Canadian Securities Exchange accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain forward-looking statements concerning the warrants exercise financing, the proceeds received from such warrant exercise financing, the use of proceeds of the warrant exercise financing, the future performance of our business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks, the availability of financing, the potential impact of COVID-19 on the Company's exploration program and on the Company's general business, operations and financial condition, and other risks and uncertainties described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/137874

News Provided by Newsfile via QuoteMedia

Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.

Welcome To Make The Customized For Your Ideal

Passed Iso- 9001- 2008 International Quality System Certification Andeu Ce Certification

High Standard, Precision Refinement, Zero Defect

First Tellurium Finalizing Upcoming Work Programs in British Columbia and Colorado

Featured Products

News & Blog

Nuinsco reports the intersection of 495 million key elements and phosphate mineralization: the longest prairie lake report to date

First Energy Metals drilled more than 7 meters of 1.35% lithium oxide in the hole Lc-21-21 of Augustus Lithium Property

Cerium Oxide Nanoparticles Market Size and Analysis, Trends, Latest Development and Forecast to 2028-EIN Presswire

EUON publishes research on product life cycle

By 2028, the cerium market will reach US$340.9 million | CAGR: 3.8%: Grand View Research, Inc.

Climate change is acidifying and polluting drinking water and alpine ecosystems-Scientific American

Rare earths usher in a new round of price increases_SMM | Shanghai Nonferrous Metals

Search Minerals' Memorandum of Understanding with U.S. Rare Earths Promotes Canada's Participation in Non-Chinese Rare Earth Supply Chains

2021 Indium Tin Oxide (ITO) Market, Size, Share, Price, Trend, Major Players and 2026 Research Report-EIN Presswire

Indium tin oxide coated glass market segmentation and recent trend analysis, development and growth by region to 2027