Panther Minerals Significantly Expands Footprint of the Boulder Creek Uranium Property, Alaska
(TheNewswire)
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Vancouver, British Columbia –
TheNewswire – April 25, 2024 – Panther Minerals Inc. (“Panther
Minerals” or the “Company”) (CSE:PURR) (OTC:GLIOF)
is
pleased to announce that it has significantly enlarged the footprint
of the Boulder Creek uranium property (the “
Property
”), located in western
Alaska and in respect of which it has an option (“
Boulder Creek Option
”) to acquire
a 100% ownership interest, by staking 140 State of Alaska mining
claims. Each claim is 160 acres in size, bringing the total footprint
of the Property to 22,400 acres or 9,065 hectares (90.65 square kms).
The Property now extends in a North Northwest – South Southeast for
approximately 30 kms and varies in width from 3 to 7 kms. The recent
staking campaign was designed to duplicate the area that was held, and
the subject of exploration work by, Triex Mineral Corp. (“
Triex
”).
In July 2006, Triex flew a total of 1,155 line-km of airborne
radiometric surveying over the area covered by the newly-staked claims
using Triex’s in-house Exploranium GR460 spectrometer system that
utilized two GPX-256 sodium iodide crystals mounted on a Hughes 500E
helicopter (
Internal Triex Company
Report – Summary Report on the Boulder Creek Property 2006
).
The Company concluded, based on a review of the radiometric anomalies
that were previously identified by Triex, the newly staked claims
warranted additional exploration. The Company notes that a Qualified
Person (within the meaning of National Instrument 43-101 –
Standards of Disclosure for Mineral
Projects
(“
NI
43-101
”) has not done sufficient work to verify the foregoing
historical information. The Company is not treating such historical
information as being reliable, and it should not be relied upon.
The Company is continuing to gather and assess the information from
the field activities conducted by Triex between 2006 – 2008 in
preparation for its planned summer 2024 exploration program.
About the Property
The Property is located on Alaska’s Seward Peninsula in northwestern
Alaska and hosts the Boulder Creek uranium deposit within
tertiary-aged sandstones peripheral to a Late Cretaceous alkalic
quartz monzonite intrusion.
The scientific and technical information in this news release has been
reviewed and approved for disclosure by Mr. Lindsay Bottomer, P.Geo.
Mr. Bottomer is a “Qualified Person” within the meaning of NI
43-101 and is a consultant to the Company.
The Company also announces that it has engaged Fairfax Partners Inc.
(“
Fairfax Partners
”), for
a nine-month term (“
Term
”), to provide marketing, communication and investor
relations services for the Company (the “
Fairfax Agreement
”). The Company
will pay a one-time startup fee of $50,000 to Fairfax Partners and
$10,000 per month until the Term, or unless terminated or extended
pursuant to the Fairfax Agreement. The Company will not issue any
securities to Fairfax Partners in consideration for the services.
Fairfax Partners does not have any prior relationship with the Company
and the Company and Fairfax Partners deal at arm’s length. As of the
date hereof, to the company’s knowledge, Fairfax Partners (including
its directors and officers) do not own any securities of the Company.
About Panther Minerals Inc.
Panther Minerals Inc. is a mineral exploration company actively
involved in the exploration of its North American project portfolio.
The acquisition of the Boulder Creek Option reflects the Company’s
ongoing intention of pursuing advanced, highly quality prospective
uranium projects that can be readily worked and efficiently explored
in a timely manner. For more information please visit:
www.pantherminerals.ca
.
ON BEHALF OF THE BOARD OF
DIRECTORS
Mr. Robert Birmingham: Chief Executive Officer
Head Office: 305-1770 Burrard St. Vancouver, British Columbia, V6J3G7
Telephone: +1 (604) 416 0569
Website:
www.pantherminerals.ca
Email:
info@pantherminerals.ca
The CSE and Information Service
Provider have not reviewed and does not accept responsibility for the
accuracy or adequacy of this release.
Forward-Looking Statements
This news release contains “forward-looking information” within
the meaning of applicable Canadian securities legislation. Often, but
not always, forward-looking information and information can be
identified by the use of words such as “plans”, “expects” or
“does not expect”, “is expected”, “estimates”,
“intends”, “anticipates” or “does not anticipate”, or
“believes”, or variations of such words and phrases or state that
certain actions, events or results “may”, “could”,
“would”, “might” or “will” be taken, occur or be achieved.
Actual future results may differ materially. In particular, this
release contains forward-looking information relating to the Property,
the timing of exploration programs in the summer of 2024, whether the
Company will exercise the Boulder Creek Option, expectations relating
to the additional 140 State of Alaska mining claims and the expected
benefits and opportunities that will arise with respect to the
Property. The forward-looking information reflects management’s
current expectations based on information currently available and are
subject to a number of risks and uncertainties that may cause outcomes
to differ materially from those discussed in the forward-looking
information. Such risk factors may include, among others, but are not
limited to: general economic conditions in Canada and globally; the
inability of the Company to exercise the Boulder Creek Option; the
possibility that a counterparty may breach a contractual arrangement;
industry conditions, including governmental regulation and
environmental regulation; the availability of capital on acceptable
terms; the need to obtain required approvals from regulatory
authorities; stock market volatility; competition for, among other
things, skilled personnel and supplies; incorrect assessments of the
value of acquisitions; geological, technical, processing and
transportation problems; changes in tax laws and incentive programs;
failure to realize the anticipated benefits of acquisitions and
dispositions; and the other factors. Although the Company believes
that the assumptions and factors used in preparing the forward-looking
information are reasonable, undue reliance should not be placed on
such information and no assurance can be given that such events will
occur in the disclosed time frames or at all. Factors that could cause
actual results or events to differ materially from current
expectations include: (i) adverse market conditions; and (ii) other
factors beyond the control of the Company. New risk factors emerge
from time to time, and it is impossible for the Company’s management
to predict all risk factors, nor can the Company assess the impact of
all factors on Company’s business or the extent to which any factor,
or combination of factors, may cause actual results to differ from
those contained in any forward-looking information. The
forward-looking information included in this news release are made as
of the date of this news release and the Company expressly disclaims
any intention or obligation to update or revise any forward-looking
information whether as a result of new information, future events or
otherwise, except as required by applicable law. Additional
information identifying risks and uncertainties that could affect
financial results is contained in the Company’s filings with
Canadian securities regulators, which are available at
www.sedarplus.ca
.
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