CMC Metals Ltd. Acquires an 80% Interest in the Blue Heaven Property, Yukon, Canada

About this update from Walker Lane Resources Ltd.

[{"type":"text","content":"CMC Metals Ltd. Acquires an 80% Interest in the Blue Heaven Property, Yukon, CanadaVANCOUVER, BC / ACCESSWIRE / June 27, 2024 / CMC Metals Ltd. (TSXV:CMB)(Frankfurt:ZM5P)(OTCQB:CMCXF) (\"CMC\" or the \"Company\") is pleased to announce that the Company has completed the final payment on the Blue Heaven Property with the optionor Strategic Metals Ltd. (\"Strategic\") and as a result is now an 80% owner of the Property. The original final payment of the option agreement was amended and subsequently a payment of 5,000,000 common shares at a deemed price of $0.03 per share, with a four month hold period, was provided to Strategic as the final payment for the Property.The Blue Heaven Property comprises of 118 claims (1,975 hectares) that are contiguous to the Company's Silver Hart Project in south-central Yukon. Blue Heaven is characterized with 13 mineralized areas and 36 showings many of which are yet to be evaluated by the Company. A brief program in 2022 extended previous trenching at the Desire Showing (subsequently renamed as the Golden Cross Zone) with highly positive results including:8.0 meters grading 13.39% lead, 1.57% zinc, 359.25 g/t silver and 1.17% manganese including 1.0 meter of 10% lead, 5.1% zinc, 1,500 g/t silver and 2.3% manganese13.0 meters grading 8.25% lead, 4.22% zinc, 151.57 g/t silver and 9.16% manganese including 1.0 meter of 23.86% lead, 0.9% zinc, 623 g/t silver and 2.3% manganeseA 14.0 meter mineralized area including 1.0 meter samples containing:3.61% lead, 3.1% zinc, 199 g/t silver, 12.6% manganese10% lead, 2.5% zinc, 360 g/t silver and 3.7% manganese10% lead, 8.5% zinc, 459 g/t silver, and 1.6% manganeseSeveral other 1.0 meter length individual samples containing:49.8% lead, 3.7% zinc, 857 g/t silver and 5.7% manganese13.4% lead, 5.6% zinc, 167 g/t silver and 10.5% manganese59.46% lead, 1.8% zinc, 1,076 g/t silver and 3.2% manganese21.01% lead, 1.1% zinc, 820 g/t silver and 1.4% manganese16.53% lead, 0.3% zinc, 425 g/t silver and 0.7% manganese64.56% lead, 5.6% zinc, >1,500g/t silver and 2.3% manganese29.26% lead, 0.7% zinc, 1,295 g/t silver and 0.5% manganeseThese preliminary results demonstrate the potential for stacked manto sequences but require a lot more investigation to be conclusive in this regard. The area around the Golden Cross Zone is also characterized by several outcrops with extensi...

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