West Vancouver, British Columbia--(Newsfile Corp. - April 4, 2024) - M3 metals Corp. (TSXV: MT) (OTCQB: MLGCF) (FSE: XOV) (the "Company" or "M3 Metals") is pleased to announce its joint venture partner Surge Battery Metals Inc. ("Surge Battery") intends to drill M3 Metals Ground.
Surge Battery plans to drill two holes on the M3 claim blocks to partially fulfill a work commitment provision of the earn-in agreement previously announced on October 25, 2023.
Surge Battery intends to drill four holes on claims held by Surge Battery as well as claims with its joint venture partner M3 Metals. The drill sites shown in the figure below are tentative with the actual locations to be determined by ground conditions, avoidance of sensitive areas on the private parcels and permitting approval by the Bureau of Land Management on the M3 and Surge Battery claims.
Kosta Tsoutsis, CEO of M3 Metals commented, "As Surge Battery continues to drill we are excited to see that mineralization is open to the West and potentially towards M3 Metals ground. We eagerly anticipate what will come from this drill program and the potential impact on M3 Metals."
Drilling is scheduled to start by the end of May, 2024.
According to the news dated September 12, 2023, from Surge Battery, "The first certified analytical results for the 2023 summer drilling program at Surge Battery Metals Inc.'s Nevada North lithium project (NNLP) have returned multiple zones of high values ranging from 1,000 parts per million to 8,070 ppm lithium, the highest grades for exploration to date on the Nevada North lithium project." M3 Metals management cautions that past results or discoveries on properties in proximity to M3 Metals may not necessarily be indicative of the presence of mineralization on the company's properties.
Qualified Person as Defined Under National Instrument 43-101
Alan J. Morris, MSc, CPG of Spring Creek, Nevada, a Qualified Person as defined under National Instrument 43-101, has reviewed and approved the technical aspects of this news release.
Figure 1
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5509/204271_05149462940f2b6d_001full.jpg
M3 Metals Corp. is a Canadian listed Company, focused on creating shareholder value through discoveries and strategic development of mineral properties in North America. For additional information please visit M3 Metals website at www.m3metalscorp.com. You may also email info@m3metalscorp.com or call investor relations at (604) 669-2279.
M3 METALS CORP.
"Kosta Tsoutsis"
Kosta Tsoutsis, CEO
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 document may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan" or "planned", "possible", "potential", "forecast", "intend", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities including lithium, the accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals including approvals of title and mining rights or licenses and environmental, local community or indigenous community approvals, the reliability of third party information, continued access to mineral properties or infrastructure or water, changes in laws, rules and regulations including in Canada, the United States, Nevada or California or any other jurisdiction which may impact upon the Company or its properties or the commercial exploitation of those properties, currency risks including the exchange rate of USD$ for Cdn$ or other currencies, fluctuations in the market for lithium related products, changes in exploration costs and government royalties, export policies or taxes in the United States or any other jurisdiction and other factors or information. The Company's current plans, expectations, and intentions with respect to development of its business and of its properties may be impacted by economic uncertainties arising out of any pandemic or by the impact of current financial and other market conditions (including US government subsidies or incentives) on its ability to secure further financing or funding of its properties. Such statements represent the Company's current views with respect to future events and are necessarily based upon several assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political, environmental (including endangered species, habitat preservation and water related risks) and social risks, contingencies, and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules, and regulations.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/204271
SOURCE: M3 Metals Corp.
