Mr. Tyler Thorburn reports
TOTAL METALS COMMENCES EXPLORATION DRILLING ON ITS CRITICAL MINERALS ELECTROLODE PROJECT - RED LAKE, ONTARIO
Total Metals Corp. has commenced exploration diamond drilling on its Electrolode critical minerals exploration project located in Red Lake, Ont. The project hosts numerous Zn-Cu-Ag-Au (zinc-copper-silver-gold) volcanogenic massive sulphide (VMS) style systems that have been explored by previous operators.
The drill program, consisting of a minimum of 5,500 metres, has been designed for multiple purposes including confirmation and expansion of historic results, testing multiple electromagnetic (EM) conductors, quantifying variation of metal ratios to vector toward higher-value copper-gold mineralization, testing interpreted cross-structures with potential to host gold mineralization, and determining whether other critical elements including gallium, germanium and indium are potentially additional value-added byproducts.
The first part of the program is targeting the Arrow zone; adding some additional holes within the existing zone and testing for continuity with the adjacent Garnet zone. The program will continue testing a series of discontinuous EM conductors along a six-kilometre trend. Maxwell plate models of these conductors are being developed to assess targets and assist in drill-hole design. The next area being targeted is at the southwest part of the property where a complex fold pattern is evident from recent 3-D inversion modelling of a drone magnetic survey covering this part of the property. This area has been the focus of historic exploration work by Noranda where a higher tenor copper historic resource has been documented.
The company is treating this resource as purely historic, however considers it indicative that higher copper grades may exist in this area. A complex pattern of folding together with numerous EM conductors, suggests that both the stratigraphy and mineralized horizons are folded potentially creating exploration opportunities in structurally modified areas such as fold hinges and sheared fold limbs. Maxwell plates together with the 3-D inversion will be used to plan and refine targeting. High-grade gold values have been documented within the D zone of this area, however it is not known if this is a superimposed gold event or inherent to the VMS system. One part of the program will be testing a prominent property-scale cross-structure for gold mineralization where a soil test grid identified gold values above detection limit. The results of this drill program will be integral in the target prioritization process to develop future exploration programs focusing on resource expansion, if warranted.
Engagement of i2i Marketing Group LLC
Total Metals has entered into an initial one-month media services agreement with i2i Marketing Group LLC. Pursuant to the terms of the i2i agreement, i2i will provide the company with marketing services, including social media management, content creation, distribution, digital marketing, digital advertising and other marketing services as agreed upon by the company and i2i. The i2i services will be distributed via e-mail and on popular investor platforms. The company will pay i2i total consideration of $250,000 (U.S.) for the i2i services. The contract can be extended by the company on a month-by-month basis for $250,000 (U.S.)/month. This agreement is subject to TSX Venture Exchange approval.
Kailyn White and Joseph Grubb will provide the i2i services to the company on behalf of i2i and may be contacted at contact@i2illc.com. i2i's business address is 1107 Key Plaza, suite 222, Key West, Fla., 33040. The company will not issue any securities to i2i as compensation. Both i2i and its principals are arm's length to the company and do not have any direct or indirect interest in the company or its securities, nor do they have any right to acquire such an interest.
I2i Marketing Group is a marketing firm that specializes in direct response, experiential and investor-awareness campaigns, particularly for publicly traded junior mining companies engaged in exploration and development activities.
The company also wishes to announce it has granted an aggregate of 1,162,000 restricted stock units (the RSUs) to directors, officers and consultants of the company. The RSUs vest 12 months from date of issue. The RSUs have been granted under and are governed by the terms of the company's omnibus equity incentive plan and are subject to the policies of the TSX Venture Exchange.
About Total Metals Corp.
Total Metals is focused on its 100-per-cent-owned
Electrolode
project covering over 3,300 contiguous hectares in Northwestern Ontario. The
Electrolode
project is targeting high-potential critical mineral plus gold resources and targets in three favourable geologic trends, located near major mines in the Red Lake gold camp and is strategically located between Kinross Gold's Great Bear project and First Mining Gold's Springpole project. The
Electrolode
project is fully permitted for exploration drilling and hosts 10 historic mineralized zones with significant expansion potential plus new, untested targets ready for further exploration.
Total Metals
also owns 100 per cent of the
High Lake and West Hawk Lake
project covering 958 hectares in two gold properties located along the Trans-Canada Highway straddling the Manitoba/Ontario border. The Purex zone on the
High Lake
property has significant exploration potential and will be the primary target for initial exploration and potential future mining activities. The
West Hawk Lake
property comprises a single mineral lease, located within southeastern Manitoba.
We seek Safe Harbor.
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