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Vancouver, British Columbia, October 18, 2023: Rock Edge Resources Ltd. (the “Company” or “Rock Edge”) (CSE:REDG) is pleased to announce the results from the 2023 field program (See June 21, 2023 news release) on our Superb Lake Property (the “Project”), situated in northwestern Ontario.
These analytical results confirmed the potential of the spodumene-bearing trend located on the Project as described June 18, 2023.
The trend is defined by 4 separate exposed pegmatite outcrop, 3 of which have confirmed spodumene. These 4 outcrops follow an E-W trend over 125m with apparent width ranging from 0.80m to 3.70m wide with open width as only one contact is exposed at a time. The trend stays open on both extremities with the widest outcrops disappearing in the O’Sullivan Lake (Figure 1).
Five samples were collected on the four outcrops of the trend with results confirming the fertility of the trend and three samples grading Li2O values over 0.80%. The five samples returned significant Tantalum values, ranging between 184 and 320ppm Ta2O5 (Table 1).
Table 1: Assays from the spodumene pegmatite dyke trend
The Project encompasses approximately 2,378 hectares in the O’ Sullivan Lake / Maun Lake Area of the Thunder Bay Mining District of Northwestern Ontario, Canada. Geologically, the Project is situated in the eastern part of Wabigoon Subprovince of the Superior Geological Province. The Superb Lake area has historical exploration carried out since the 1950s with the discovery of lithium along the shores of Superb Lake. The discovery outcrop was reported to have a minimum outcrop exposed length of 16 m, while its exposed width varies from 2.50m to a maximum of 3.70m. In 2020, four samples collected from a spodumene rich part of the dyke returned 1.77 % to 4.03% Li2O.
Figure 1: 2023 Field Program Sample Location and significant Values
Rock Edge also wishes to announce that Persis Khambatta has resigned from the Board of Directors and Audit Committee of the Company. Miss Khambatta resigned to pursue other interests. We thank Miss Khambatta for her valuable contributions to the Company and wishes her all the best in her future endeavors.
The technical information contained in this news release has been reviewed by Matthew Carter B.Sc., P.Geo., of Dahrouge Geological Consulting, who is a “Qualified Person” as defined in NI 43-101.
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
Chief Executive Officer and Director
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 ca use 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.Back To Archive