February 8, 2024 – Kiplin Metals Inc. (the “Company” or “Kiplin”) (TSX-V: KIP, FWB: 17G1) is pleased to announce a strategic collaboration with Grander Exploration to optimize and elevate the design of the Company’s 2024 exploration plans. This initiative will focus on advancing the Cater Lake and Lloyd Lake uranium projects, located in the Athabasca region of Saskatchewan, Canada. Both integral components of Kiplin’s expanding mineral portfolio. The exploration plans are set to leverage past work on these projects while emphasizing the Company’s commitment to environmental sustainability and community engagement.
Collaborative Exploration Design Kiplin recognizes the potential within the Carter Lake and Lloyd Lake uranium projects and has enlisted the expertise of Grander Exploration to further refine and enhance the 2024 exploration plans, in collaboration with Peter Born, PhD, VP Exploration for Kiplin. Building upon previous exploration activities, the Company aims to advance these projects forward with a keen eye on making substantial discoveries. Grander Exploration’s proven track record in designing successful exploration strategies adds a valuable dimension to Kiplin’s commitment to unlocking the full potential of these projects.
Environmental Responsibility and Community Engagement In undertaking the exploration programs, Kiplin is dedicated to ensuring the utmost environmental responsibility and community involvement. The Company will conduct its exploration activities in accordance with rigorous environmental standards, prioritizing the preservation of local ecosystems. Moreover, Kiplin is committed to engaging in ongoing consultations with local communities and indigenous bands to foster collaborative relationships and address any concerns or considerations they may have.
Management Quote “We are excited to partner with Grander Exploration in shaping our exploration plans for 2024,” commented Peter Born, VP Exploration at Kiplin. “This collaboration signifies our dedication to advancing our Carter Lake and Lloyd Lake uranium projects with a comprehensive strategy that builds on past successes and positions us for potential discoveries. Importantly, we are committed to conducting our exploration activities responsibly, in harmony with the environment and in consultation with the communities and indigenous bands who call these areas home.”
Strategic Vision The collaboration with Grander Exploration aligns with Kiplin’s overarching strategic vision to be at the forefront of responsible mineral exploration and development. By combining technical expertise, innovative approaches, and a commitment to sustainable practices, Kiplin aims to drive positive outcomes for its stakeholders, the environment, and the communities in which it operates.
Qualified Person Dr. Peter Born, PGeo, a director of the Company, is the designated qualified person as defined by National Instrument 43-101 and is responsible for, and has approved, the technical information contained in this release.
About Kiplin Metals Inc.
Kiplin Metals Inc. is a mineral exploration company. We create value for our shareholders by identifying and developing highly prospective mineral exploration opportunities. Our strategy is to advance our projects from discovery to production, allowing Kiplin to achieve exceptional shareholder value through the entire life-cycle of mining.
Cluff Lake Road Uranium Project. Kiplin has the right to earn a one-hundred percent interest in the Cluff Lake Road Uranium Project (the “CLR Project”). The CLR Project covers ~531 ha in the southwestern Athabasca Basin in northern Saskatchewan, where several new discoveries have been made, including the Arrow and Triple R Uranium deposits. The CLR Project is 5 km east of the Cluff Lake Road (Hwy 955), which leads to the historic Cluff Lake Mine, which historically produced approximately 62,000,000 lbs of yellowcake uranium.
Lloyd Lake Uranium Project. The Lloyd Lake Uranium Project spans 6,177 hectares and is situated 27 kilometers south of the southern boundary of the Athabasca Basin. The project has undergone extensive exploration programs, most notably in 2022, with investigations including sediment sampling, airborne magnetics, and ground IP surveys. The key exploration zone is an 8 kilometer corridor characterized by a magnetic low which aligns with a structural break, a locale where anomalous radioactivity has been detected. Access to the project is optimal, facilitated by a provincial highway and well-maintained roads and trails.
For further information, contact the Company at [email protected], or visit the Company’s website at www.kiplinmetals.com.
On behalf of the Board,
For further information, contact the Company at 604-622-1199.
On behalf of the Board of Directors,
“Peter Born”
Director
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This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.