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.
加拿大卡爾加里-（新聞稿 - 2024年7月26日） - Showcase Minerals Inc.（CSE：SHOW）（FSE：ZJ0）（以下簡稱“Showcase”或“公司”）宣佈，就控制Dixie Flats，North Star和Woodruff物業的選擇權項，向其子選擇權提供終止通知。公司的決定基於其在Dixie Flats - North Star項目上的鑽井計劃結果，未能遇到類似附近礦牀的顯著含金礦物化。
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.
公司旋轉回轉鑽探計劃中的最大金屬值爲6.1米上的每噸0.254克黃金。最厚的攔截是25.9米，0.252克黃金/噸。相比之下，地質條件與該公司項目相似的Emigrant礦的開採品位至少爲每噸0.8克。公司的諮詢地質學家已經建議，周圍之前鑽探的附近的品位有顯著改善的可能性很小，並且在項目的其他未經測試的區域，勘探成本和風險顯著增加。因此，考慮到公司的預算和迄今爲止的結果，不建議進行進一步的工作。
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現在將把其勘探工作集中在其在魁北克西南部Fort Coulange鎮附近的Pontiac鈾礦項目上。公司打算即將在該地產上進行初步勘探計劃，包括勘探、製圖和採樣、閃爍計數輻射測量。
Qualified Person:
本新聞稿所含的科學技術信息已由Serigne Dieng博士，M.Sc.評審並批准，他是國家43-101--礦產項目披露標準（"NI 43-101"）的資格人員，澳大利亞地質學家學會（AIG）會員（MAIG，# 8095），該公司獨立地質顧問。
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.
獲得了加拿大國家證券委員會的認可。具有M.Sc.，C.P.G.專業資格的McMillin先生審查並批准了本新聞稿中的技術信息。
About Showcase Minerals Inc.
關於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是一家加拿大礦業勘探公司，具有獲得位於魁北克西南部Fort Coulange鎮附近的Pontiac鈾礦項目的60個礦權（歸屬權100％，應支付2％淨冶煉廠回報稅）的選擇權。
For further information, please contact:
如需更多信息，請聯繫：
Kirk Reed, President
Showcase Minerals Inc.
Telephone: 1-800-982-0670
Kirk Reed，總裁
Showcase Minerals Inc.：
電話：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.
加拿大證券交易所及其市場監管機構（如CSE政策所定義）均不對本新聞稿的充分性或準確性負責。
Not for distribution to United States newswire services or for dissemination in the United States.
請勿將本文轉讓給美國新聞社或在美國進行傳播。