Vancouver, BC. – TheNewswire – November 5, 2020 – CMC Metals Ltd. – ("the Company") (TSXV:CMB) (OTC:CMCXF) (FSE:ZM5N) is pleased to announce the completion of twelve (12) kilometers of the access road to the Silver Hart Property.
The project was funded and completed by the Yukon Department of Highways and Services with a $200,000 grant provided by the Resource Access Road Program (RARP).
The Company has also completed engineering evaluation, hydrological studies and initial environmental investigations on all of the creek crossings on the access road to the Silver Hart Property.
John Bossio, Chair of the Company noted, "We want to sincerely thank the Government of Yukon Territory for their significant contribution and efforts to help CMC Metals upgrade the access road to the Silver Hart Property. This is a significant step towards achieving our goal to upgrade the entire access road in the near future. The support of the Yukon Government in advancing this project is critical to advancing the Silver Hart. We look forward to further fostering our positive working relationship with them."
Kevin Brewer, President and CEO noted, "With the engineering and environmental studies completed we are now in a position to permit work for the required bridge crossings on the access road. We hope to continue working closely with the Yukon Department of Highways and Services to complete further upgrading of the road in 2021. This will help us facilitate future development and ore haulage at the property."
Kevin Brewer, a registered professional geoscientist, is the Company’s President and CEO, and Qualified Person (as defined by National Instrument 43-101). He is directly supervising in the field the 2020 exploration program, sampling efforts, quality assurance and quality controls, and the preparation of an approval of the technical information pertaining to the Silver Hart Project, Yukon reported herein. The Company is committed to meeting the highest standards of integrity, transparency and consistency in reporting technical content, including geological reporting, geophysical investigations, environmental and baseline studies, engineering studies, metallurgical testing, assaying and all other technical data.
About CMC Metals
CMC Metals Ltd. is a mineral exploration company focused on opportunities in Canada and the United States that offer potential for production. The Company is led by a seasoned team with experience developing assets to commercialization. The Company’s Silver Hart Property is a high-grade silver-lead-zinc project located in the Yukon, 132 km west of Watson Lake, and covers 2,200 hectares and 116 contiguous and partial claims. The Company recently acquired the Blue Heaven claims adjacent to Silver Hart which comprises of similar mineralization and geology and
covers 1,975 hectares and 118 contiguous and partial claims. Together these combined properties offer excellent exploration potential for high-grade silver-lead-zinc veins and carbonate replacement deposits.
CMC is actively seeking other projects to acquire in its portfolio.
On behalf of the Board:
John Bossio __
John Bossio, Chairman
CMC METALS LTD.
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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 news release includes certain statements that constitute "forward-looking information" within the meaning of applicable securities law, including without limitation, statements that address the timing and content of upcoming work programs, geological interpretations, receipt of property titles and exploitation activities and developments. In this release disclosure regarding the potential to undertake future work comprise forward looking statements. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks, including the ability of the Company to raise the funds necessary to fund its projects and, accordingly, may not occur as described herein or at all. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Readers are referred to the Company’s filings with the Canadian securities regulators for information on these and other risk factors, available at www.sedar.com. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation."
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