Showcase Minerals Terminates Option Agreement Respecting Its Nevada Property Interests
Showcase Minerals Terminates Option Agreement Respecting Its Nevada Property Interests
Calgary, Alberta--(Newsfile Corp. - July 26, 2024) - Showcase Minerals Inc. (CSE: SHOW) (FSE: ZJ0) ("Showcase" or the "Company") announces that it has provided a termination notice to the sub-optionor of the Dixie Flats, North Star, and Woodruff properties with respect to the option covering those claims. The Company's decision is based on the results of its drill program on the Dixie Flats - North Star project, which failed to encounter significant gold mineralization similar to nearby deposits.
加拿大卡尔加里-（新闻稿 - 2024年7月26日） - Showcase Minerals Inc.（CSE：SHOW）（FSE：ZJ0）（以下简称“Showcase”或“公司”）宣布，就控制Dixie Flats，North Star和Woodruff物业的选择权项，向其子选择权提供终止通知。公司的决定基于其在Dixie Flats - North Star项目上的钻井计划结果，未能遇到类似附近矿床的显著含金矿物化。
The greatest gold assay in the Company's reverse circulation drill program was 0.254 grams per tonne gold over 6.1 metres. The thickest intercept was 25.9 metres of 0.252 grams per tonne gold. In comparison, production grades at the nearby Emigrant Mine, which is geologically similar to the Company's project, are at least 0.8 grams per tonne. The Company's consulting geologist has advised it that the likelihood of significant improvement in grades in the vicinity of previous drilling is small, and the costs of exploration and risk increase substantially in other untested areas of the project. Accordingly, given the Company's budget and results to date, no further work was recommended.
公司旋转回转钻探计划中的最大金属值为6.1米上的每吨0.254克黄金。最厚的拦截是25.9米，0.252克黄金/吨。相比之下，地质条件与该公司项目相似的Emigrant矿的开采品位至少为每吨0.8克。公司的咨询地质学家已经建议，周围之前钻探的附近的品位有显著改善的可能性很小，并且在项目的其他未经测试的区域，勘探成本和风险显著增加。因此，考虑到公司的预算和迄今为止的结果，不建议进行进一步的工作。
Showcase will now focus its exploration efforts on its recently acquired Pontiac Uranium Project located near the town of Fort Coulange in southwestern Québec. The Company intends to conduct an initial exploration program on this property imminently, which will consist of prospecting, mapping and sampling, and a scintillometer radiometric survey.
Showcase现在将把其勘探工作集中在其在魁北克西南部Fort Coulange镇附近的Pontiac铀矿项目上。公司打算即将在该地产上进行初步勘探计划，包括勘探、制图和采样、闪烁计数辐射测量。
Qualified Person:
本新闻稿所含的科学技术信息已由Serigne Dieng博士，M.Sc.评审并批准，他是国家43-101--矿产项目披露标准（"NI 43-101"）的资格人员，澳大利亚地质学家学会（AIG）会员（MAIG，# 8095），该公司独立地质顾问。
Mr. Steve McMillin, M.Sc., C.P.G. is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the technical information in this news release.
获得了加拿大国家证券委员会的认可。具有M.Sc.，C.P.G.专业资格的McMillin先生审查并批准了本新闻稿中的技术信息。
About Showcase Minerals Inc.
关于Showcase Minerals Inc.：
Showcase is a Canadian mineral exploration company with an option to acquire a 100% interest, subject to a 2% net smelter returns royalty, in 60 mineral claims comprising the Pontiac Uranium Project located near the town of Fort Coulange in southwestern Québec.
Showcase是一家加拿大矿业勘探公司，具有获得位于魁北克西南部Fort Coulange镇附近的Pontiac铀矿项目的60个矿权（归属权100％，应支付2％净冶炼厂回报税）的选择权。
For further information, please contact:
如需更多信息，请联系：
Kirk Reed, President
Showcase Minerals Inc.
Telephone: 1-800-982-0670
Kirk Reed，总裁
Showcase Minerals Inc.：
电话：1-800-982-0670
Neither the CSE nor its Market Regulator (as that term is defined in CSE policies) accepts responsibility for the adequacy or accuracy of this news release.
加拿大证券交易所及其市场监管机构（如CSE政策所定义）均不对本新闻稿的充分性或准确性负责。
Not for distribution to United States newswire services or for dissemination in the United States.
本行为/此文未向美国新闻电线服务发送或在美国传播。