Business
Newpath Resources Stakes Additional Claims at Alpha/Bravo
Vancouver, British Columbia--(Newsfile Corp. - May 30, 2023) - Newpath Resources Inc. (CSE: PATH) (FSE: 0MZ) (OTC Pink: RDYFF) ("Newpath" or the "Company") is p
About this update from Newpath Resources Inc
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - May 30, 2023) - Newpath Resources Inc. (CSE: PATH) (FSE: 0MZ) (OTC Pink: RDYFF) (\"Newpath\" or the \"Company\") is pleased to announce the staking of 24 new claim units (509 hectares) in the Anders Lake Area, Ontario contiguous to the northeastern corner of the Alpha/Bravo claim group (\"Alpha/Bravo\") increasing the project's footprint to over 63,600 hectares (see map below). The new claims were registered on behalf of Newpath on May 13, 2023 and will be subject to the same option agreement the Company entered into on December 7, 2022 (See Company's December 12, 2022 news release). Alpha/Bravo was initially staked to secure mineral rights to the little-explored western extension of the Archean-aged Quetico Subprovince, a geological entity that hosts known lithium deposits to the east, for example Georgia Lake. Since acquisition, additional exploration opportunities become apparent at Alpha/Bravo. The new claims cover the southern margin of the ultramafic Seagull intrusive complex, part of a younger, igneous event that elsewhere in the region has been the focus for platinum group metals (Pt+Pd) and Ni-Cu-Au mineralization. Regional exploration has resulted in the discovery of Impala's Lac Des Isle and Clean Air Metal's Thunder Bay North Deposits. The principal focus at Alpha/Bravo remains its lithium potential, however the addition of the new claims highlight the possibilities for other critical metals that are deemed essential as Canada's energy and economy transitions. The Company anticipates field work to begin at Alpha/Bravo in July of 2023. Alex McAulay, CEO, states, \"The recent acquisition of these claims is just part of our ongoing internal process of evaluating and staking areas with favourable geology and mineral potential that augment the value of the assets we currently have. We are fortunate to be working in a mining friendly region that has excellent access and potential for most of the commodities on Ontario's critical minerals list as well as opportunities for other base and precious metals.\" Figure 1 - Newpath Resources Inc.'s Alpha/Bravo Project Qualified Person The technical content of this news release has been reviewed and approved by Douglas S. Turnbull, P.Geo., the Company's COO and a \"Qualified Person\" as defined in National Instrument 43-101 - Standards...