Vancouver, British Columbia--(Newsfile Corp. - January 31, 2023) - T2 Metals Corp. (TSXV: TWO) (OTCQB: AGLAF) (WKN: A3DVMD) ("T2" or the "Company") is pleased to announce granting of additional BLM lode mining claims at the Lida copper-silver project on the Walker Lane Belt in south-central Esmeralda County, Nevada. The additional claims were staked during the preparation for drilling in late 2022, to secure a sub-surface induced polarization ("IP") chargeability anomaly and adjacent resistivity anomaly. The area covered by the claim block now totals 5.25 sq km and secures the strike extent of the IP and resistivity anomalies.
The Lida project is now comprised of 63 granted BLM lode mining claims that cover three recently identified high chargeability anomalies and an adjacent strong resistivity anomaly (see press release dated 23/08/22). The chargeability/resistivity zone corresponds to an area of high-grade oxide copper sampled at surface. In 57 samples taken from dump and pit material, copper ranged from 26.20% Cu to 12 ppm Cu averaging 1.80% Cu. Twenty samples exceeded 1% Cu including 14 that exceeded 2% Cu.
The geological setting and the character of the geophysical anomalies suggests Lida has highest potential for a porphyry style mineralization in the volcanics intruding the carbonate-rich Harkless and Poleta Formations. There is no indication from exploration records or field observations that the chargeability/resistivity targets have been previously drill tested.
"As we learn more about the potential of the Lida project, we have elected to expand our land position beyond the chargeability and resistivity anomalies identified in the 2022 IP program. Lida sits within the central Walker Lane, Nevada, one of the United States best and busiest exploration addresses for gold, silver, copper and lithium," said Mark Saxon, President and CEO.
About T2 Metals Corp (TSXV: TWO) (OTCQB: AGLAF) (WKN: A3DVMD)
T2 Metals Corp is an emerging copper and precious metal company enhancing shareholder value through exploration and discovery. T2 is focused on the Sherridon Project in Manitoba, the Lida Project in Nevada, and the Cora Project in Arizona.
ON BEHALF OF THE BOARD,
"Mark Saxon"
Mark Saxon
President & CEO
For further information, please contact:
t2metals.com
1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7
info@t2metals.com
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.
Cautionary Note Regarding Forward-Looking Statements
Certain information set out in this news release constitutes forward-looking information. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "intend", "could", "might", "should", "believe" and similar expressions. Forward-looking statements are based upon the opinions and expectations of management of the Company as at the effective date of such statements and, in certain cases, information provided or disseminated by third parties. Although the Company believes that the expectations reflected in forward-looking statements are based upon reasonable assumptions, and that information obtained from third party sources is reliable, they can give no assurance that those expectations will prove to have been correct. Readers are cautioned not to place undue reliance on forward-looking statements.
These forward-looking statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. Such risks include uncertainties relating to exploration activities. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, except as may be required by applicable securities laws.
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