New Break Increases Land Position at Its Moray Project
New Break Increases Land Position at Its Moray Project
Toronto, Ontario--(Newsfile Corp. - March 15, 2023) - New Break Resources Ltd. (CSE: NBRK) ("New Break" or the "Company") is pleased to announce that the Company has increased the land position at its Moray property ("Moray") to 2,894 hectares from 1,856 hectares. Moray is located approximately 49 km south of Timmins, Ontario and 32 km northwest of the Young-Davidson gold mine, operated by Alamos Gold Inc.. Moray exhibits comparable geology, mineralization and alteration characteristics to Young-Davidson, including mafic volcanic hosted and syenite hosted auriferous quartz vein zones. Current annual gold production at Young-Davidson runs 190,000 to 200,000 ounces at an average grade of 2.3 grams per tonne gold ("g/t Au"), generating in excess of US$100 million of free cash flow annually at current gold prices.
安大略省多倫多-(Newsfile Corp.-2023年3月15日)-New Break Resources Ltd.(CSE:NBRK)(“新突破”或“公司”)欣然宣佈本公司已增加其Moray物業的土地持倉量(“馬利從1,856公頃增加到2,894公頃。Moray位於安大略省蒂明斯以南約49公里處,Young-Davidson金礦西北32公里處,由Alamos Gold Inc.運營。Moray具有與Young-Davidson相似的地質、礦化和蝕變特徵,包括賦存鎂鐵質火山和賦存正長巖的含金石英脈帶。Young-Davidson目前的黃金年產量為19萬至20萬盎司,平均品位為每噸2.3克。G/t Au“),按當前金價計算,每年產生超過1億美元的自由現金流。
(Figure 1 - Moray Project, property map)
(圖1-Moray Project,Property Map)
The original Moray claims covering approximately 1,856 hectares (light green area), were acquired in September 2020 from Exiro Minerals Corp. ("Exiro"), a private junior mineral exploration company, for 2,500,000 shares of New Break and aggregate cash payments of $100,000. Exiro continues to hold their investment in New Break which represents 6.1% of the issued and outstanding common shares. The newly added mineral claims (dark green area) of approximately 1,038 hectares, were acquired by New Break at a cost of $2,400 from the Ontario Ministry of Mines when the ground became open for staking, bringing the total property area to 2,894 hectares. The newly staked ground is not subject to any pre-existing area of influence requirement, is royalty free and is automatically added to ground covered by the October 22, 2021, Memorandum of Understanding between New Break and the Matachewan and Mattagami First Nations.
最初的Moray主張佔地約1,856公頃(淺綠色區域),於2020年9月從Exiro Minerals Corp.(艾克斯羅“),一傢俬營初級礦產勘探公司,收購2,500,000股New Break股票,總現金支付100,000美元。Exiro繼續持有他們在New Break的投資,佔已發行和已發行普通股的6.1%。New Break以2,400美元的價格從安大略省礦業部收購了新增加的約1,038公頃的礦產主張(深綠色區域),使總物業面積達到2,894公頃。新標樁的地面不受任何預先存在的影響區域要求,免收特許權使用費,並自動添加到2021年10月22日New Break與Matachewan和Mattagami第一民族之間的諒解備忘錄涵蓋的地面上。
Michael Farrant, President and CEO of New Break stated, "We're extremely happy to have been able to strategically increase our land position at Moray. While we know that the Moray property hosts significant gold potential, it also uniquely hosts the potential for the discovery of critical minerals. This was a very easy way of adding shareholder value extremely inexpensively."
New Break首席執行官兼首席執行官總裁表示:“我們非常高興能夠從戰略上增加我們在Moray的土地頭寸。雖然我們知道Moray擁有巨大的黃金潛力,但它也擁有發現關鍵礦物的獨特潛力。這是一種非常簡單的方式,極低地增加了股東價值。”
William Love, Vice-President, Exploration of New Break further noted, "The newly acquired ground contains some historical drilling which identified anomalous zinc, copper and nickel. This offers the potential to build upon existing known ultramafic hosted nickel-copper mineralization at Moray encountered by Rio Tinto in the Dexter Lake showing and nickel mineralization encountered by Moss Resources Inc. in the Moss Tremblay showing. New Break is excited to incorporate this relatively underexplored area into the Company's exploration plans. Our technical team has delineated a number of extremely high-quality gold focused drill targets from our extensive 2022 exploration fieldwork. We remain committed to conducting a drilling program on these Moray targets as soon as possible."
勘探新突破的副總裁威廉·洛夫進一步指出:“新獲得的土地包含一些歷史鑽探,發現了異常的鋅、銅和鎳。這提供了在現有已知超鎂鐵礦化的基礎上繼續發展的潛力,力拓在Dexter Lake展示中遇到的Moray鎳銅礦化,以及Moss Resources Inc.在Moss Tremblay展示中遇到的鎳礦化。New Break很高興將這一相對未被勘探的地區納入公司的勘探計劃。我們的技術團隊從我們廣泛的2022年勘探野外工作中描繪了一些極高質量的以黃金為重點的鑽探目標。我們仍然致力於儘快在這些浬目標上進行鑽探計劃。
Qualified Person
有資格的人
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.
Peter C.Hubacheck,P.Geo,New Break的地質學家顧問,也是National Instrument 43-101定義的合格人員,已經審查並批准了本新聞稿中的技術披露。
About New Break Resources Ltd.
關於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 and on the Company's website at . New Break began trading on the Canadian Securities Exchange () on September 7, 2022 under the symbol CSE: NBRK.
New Break是一家加拿大礦產勘探公司,擁有創造價值的雙重願景。在安大略省北部,New Break專注於Moray專案,該專案位於一個完善的採礦營地,靠近現有的基礎設施,同時,通過我們在努納武特的預期土地持有,我們向我們的股東提供了在加拿大最具潛力的黃金勘探和生產地區之一取得勘探成功的巨大潛力的重大敞口。New Break由一支經驗豐富的採礦專業團隊提供支持,該團隊致力於重視環境、社會和公司治理。有關New Break的資訊可以在SEDAR上的公司簡介中獲得,也可以在公司網站上獲得。New Break於2022年9月7日在加拿大證券交易所()開始交易,交易代碼為CSE:NBRK。
For further information on New Break, please visit or contact:
有關New Break的更多資訊,請訪問或聯繫方式:
Michael Farrant, President and Chief Executive Officer
Tel: 416-278-4149
E-mail: mfarrant@newbreakresources.ca
邁克爾·法蘭特、總裁和首席執行官
電話:416-278-4149
電子郵件:mfarant@newBreakources.ca
And follow us on Twitter, LinkedIn and Facebook
並在Twitter、LinkedIn和Facebook上關注我們
No stock exchange, regulation securities provider, securities commission or other regulatory authority has approved or disapproved the information contained in this news release.
任何證券交易所、監管證券供應商、證券委員會或其他監管機構均未批准或不批准本新聞稿中包含的資訊。
CAUTIONARY NOTE REGARDING FORWARD LOOKING INFORMATION
有關前瞻性資訊的注意事項
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 receipt of regulatory and stock exchange approvals, grants of equity-based compensation, renouncement of flow-through exploration expenses, 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.
除歷史事實的陳述外,本新聞稿還包含適用證券法意義上的某些“前瞻性資訊”。前瞻性資訊的特點常常是“計劃”、“預期”、“專案”、“打算”、“相信”、“預期”、“估計”等類似詞語,或某些事件或條件“可能”或“將”發生的陳述。前瞻性陳述以陳述發表之日的意見和估計為基礎,受各種風險、不確定因素和其他因素的影響,這些因素可能導致實際事件或結果與前瞻性陳述中預期的大不相同,這些因素包括但不限於獲得監管和證券交易所批准、授予股權補償、放棄直通勘探費用、財產協定、即將進行的工作計劃的時間和內容、地質解釋、財產所有權的接收、無法預測和抵消全球事件對公司業務的影響,包括但不限於對商品價格的影響。前瞻性資訊涉及未來的事件和狀況,因此涉及內在的風險和不確定性,包括公司無法控制的因素。因此,讀者不應過分依賴前瞻性資訊。除法律要求外,公司沒有義務公開或以其他方式更新任何前瞻性資訊。識別可能影響財務結果的風險和不確定因素的其他資訊包含在公司的財務報表和管理層的討論和分析(“檔案”)中,這些檔案可根據要求查閱。
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要查看本新聞稿的源版本,請訪問