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Vancouver, British Columbia, May 2, 2023: Rock Edge Resources Ltd. (the “Company” or “Rock Edge”) (CSE:REDG) is pleased to announce the Company has commenced its 2023 field programs on their Maun, Terrier and Pag North properties located in northwestern Ontario.
The Maun and Terrier properties are located to the northeast of Rock Edge’s Superb Lake property which hosts the spodumene bearing Superb Lake Pegmatite along with lithium/niobium/tantalum mineralization including four samples which returned lithium oxide (Li2O) values in the range of 1.77% to 4.03% and a recorded surface channel of 2.47% Li2O over 3.2 m, which includes 5.84% Li2O over 1.1 m. The Superb Lake and Maun properties are also prospective for gold mineralization as they are located to the north along the same fault trend as the past producing Louisianna Gold Mine. There are numerous gold/silver/copper/lead/zinc showings in the area including a grab sample in the Holm area taken the Company that assayed 29.6 grams per tonne gold. Grab samples are selected samples and not necessarily representative of the mineralization hosted on the property.
The Terrier property is located in a favorable location along the edge of a muscovite-bearing granitic pluton, a peraluminous S-type fertile parental granite (Breaks et al., 2003) and in contact with metasediments which make excellent hosts for rare-element bearing pegmatites. Historical drill holes from the 1950s, just off the north edge of the property, noted intersecting pegmatite intervals up to 30m wide containing garnet, tourmaline, muscovite and local fluorite mineralization. However, the pegmatites were not sampled. Reconnaissance mapping by the Ontario Department of Mines in 1931 noted several pegmatites on the Terrier property.
Figure 1: Map showing the location of Rock Edge's Superb Lake, Maun and Terrier properties with local mineral showings, modified from OGS regional geology map.
The recently expanded Pag North properties (see April 17, 2023 press release), situated approximately 25km east of Longlac, Ontario provides a large prospective property which straddles the boundary between the East Wabigoon and Quetico subprovinces. These terrane boundaries are integrally related to the location of northwestern Ontario lithium deposits and occurrences, as the act as deep-seated sutures for parental granitic melts (Breaks et al., 2003). The boundary is also favorable to host gold mineralization and there are several gold showings from historical Ontario Geological Survey (OGS) mappings.
Figure 2: Map showing the recent addition to the Pag North property along with OGS mapped muscovite pegmatite and gold showings, modified from OGS regional geology map.
The field program will consist of “boots on the ground” greenfield exploration comprised of detailed mapping and sampling aimed to identify lithium bearing pegmatites and potential gold/silver/copper/zinc mineralization across the properties. Channel sampling with be performed on any discovered favorable showings.
Charles Desjardins, CEO of Rock Edge, states, “We are excited to begin the process of delineating lithium bearing pegmatites across these three under-explored properties. Based on historical mapping from the OGS, proximal showings, and research from historical drilling proximal to the properties, we are confident that we will be successful in locating lithium bearing pegmatites. This is the first step in identifying drill targets and continuously moving towards meeting the growing demand for the crucial minerals we need to advance greener energy solutions.”
References
Qualified Person
The technical content of this news release has been reviewed and approved by Mike Kilbourne, P. Geo., who is an independent Qualified Person (QP) as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects. The QP and the Company has not completed sufficient work to verify the historic information on the properties, particularly regarding historical exploration, neighboring companies, and government geological work.
About Rock Edge Resources Ltd.
Rock Edge Resources Ltd. is focused on acquiring and exploring mineral property assets, with a specific emphasis on the Northwestern Ontario Lithium belt and the province of Quebec. Its objective is to locate, develop and bring to market economically viable properties that contain critical minerals, base metals and precious metals. With the support of the Ontario government's Critical Minerals Strategy, Rock Edge is poised to take advantage of the growing demand for these essential minerals and contribute to the region's economic growth.
On Behalf of the Board of Directors
Charles Desjardins
Chief Executive Officer and Director
Phone #604-808-3156
Email: info@rockedgeresources.com
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
Forward Looking Statements
This news release contains "forward-looking statements" and "forward looking information" (as defined under applicable securities laws), based on management's best estimates, assumptions, and current expectations. Such statements include but are not limited to, statements with respect to the plans for future exploration and development of the Company’s properties and the acquisition of additional exploration projects. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts", "anticipates" "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those expressed or implied by such statements, including but not limited to: risks related to the receipt of all necessary regulatory and third party approvals for the proposed operations of the Company’s business and exploration activities, risks related to the Company’s exploration properties; risks related to international operations; risks related to general economic conditions, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of commodities including lithium and gold; fluctuations in foreign currency exchange rates, increases in market prices of mining consumables, possible variations in reserves; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of exploration, development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in jurisdictions in which the Company operates. . Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements and forward-looking information are made as of the date hereof and are qualified in their entirety by this cautionary statement. The Company disclaims any obligation to revise or update any such factors or to publicly announce the result of any revisions to any forward-looking statements or forward-looking information contained herein to reflect future results, events or developments, except as require by law. Accordingly, readers should not place undue reliance on forward-looking statements and information. Please refer to the Company's most recent filings under its profile at www.sedar.com for further information respecting the risks affecting the Company and its business.
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