To: LoneClone who wrote (174608 ) 10/30/2023 11:58:33 AM From: LoneClone Read Replies (1) | Respond to Bathurst Metals: Gela Lake Summer 2023 Program Returned 12.1% Copper and 134.0 G/Tonne Silver thenewswire.com Our sampling and mapping work focused on ground over the regional Bathurst fault that passes through Archean metasediments and volcanics and on the Gela Lake property, is adjacent to a large monzogabbro intrusion. This summer’s sampling work continued to find high copper and gold values coincident with high bismuth values suggesting the presence of a strongly mineralized hydrothermal system, likely related to the monzogabbro intrusive. Additionally, the occurrence of gold and copper with bismuth implies that structural traps for mineralization are likely associated with the Bathurst Fault. Our work continues to improve our understanding of the property geology and build on the exploration model for this very prospective property”. Table 1. 2023 Gela Rock Samples Sample Ag ppm Au ppm Bi ppm Co ppm Cu % H619351 1.36 2.05 597 32.8 4.5 H619352 1.09 0.3 206 10 2.1 H619353 1.58 0.11 28 25.6 1.0 H619354 28.2 9.79 169 901 0.9 H619355 11.65 3.1 88 1135 0.04 H619356 2.3 0.11 14 117 0.006 H619357 8.85 0.91 15 62 0.005 H619358 134 <0.02 442 64.3 12.1 H619359 0.13 <0.02 3 17.8 0.3
80 soil samples were collected along the eastern flank of the Monzogabbro intrusive body where the regional Bathurst Fault is projected to occur. The soil samples were collected at 25 meter intervals and at various depths based on the soil profiles. The occurrence of Au + Bi together often indicates a structurally controlled setting and implicates the Bathurst Fault as a possible conduit and possible trap for mineralized fluids to migrate to the surface. Along with gold and bismuth, notable concentrations of copper were also found in both soils and rock samples. Additionally, higher concentrations of cobalt were also noted in two rock samples and were also coincident with elevated gold and silver concentrations. The mineralized trend can be traced for over 2km in a north-south direction directly overlying the surface trace of the Bathurst Fault. The soil sampling found coincident gold/silver/copper/bismuth mineralization (Table #2 below). Table 2. 2023 Gela Soil Samples Sample Ag ppm Au ppm Bi ppm Cu ppm G0580501 0.13 0.06 20.2 2,880 G0580515 0.19 0.22 120 1,175 G0580516 1.09 0.15 149 1,735 G0580521 1.00 0.72 264 1,625 G0580522 2.69 0.56 346 3,960 G0580528 0.21 0.19 16.8 2,580 G0580529 0.12 0.02 7.31 3,580 G0580530 0.08 0.01 4.47 1,305 G0580531 0.08 0.01 2.98 1550 G0580539 0.25 0.33 28.5 461
Quality Assurance/Quality Control Rock and Soil Samples The above soil samples were delivered by the Company geologist to the ALS prep facility in Yellowknife, NWT. Prepared sample pulps were shipped via bonded carrier to ALS Labs in North Vancouver, British Columbia for analyses. All samples are analyzed for gold, silver and 50 other elements using ALS Method ME-MS41 which uses an aqua regia digestion followed by ICP-AES or AAS finish. Silver in excess of 100g/t is determined by ALS method Ag-OG46 which is an aqua regia digestion followed by ICP-AES or AAS finish performed on a 0.5g sample. Copper in excess of 10,000g/t is determined by ALS method Cu-OG46 using an aqua regia digestion followed by ICP-AES or AAS finish. Bathurst Metals Corp. is reliant on ALS Labs in North Vancouver, British Columbia for its QA/QC protocol as these are preliminary samples and limited in number. “Harold Forzley” CEO info@bathurstmetalscorp.com Neither TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
