CMC Metals Ltd. Update on the Silver Hart (Silver-Lead-Zinc) Property, Yukon
Vancouver, April 11, 2018: CMC Metals Ltd. - ("the Company") (TSX-V: CMB) - is pleased to announce that it has initiated a Class 1 notification process with the Department of Energy, Mines and Resources, Yukon Government ["YG"], to undertake a program of further resource readiness drilling of up to 2,000 metres over the upcoming June-September field season at its wholly-owned Silver Hart high-grade silver-lead-zinc property located in the Watson Lake Mining District of the Yukon Territory. In addition, the Company has submitted other applications essential to its advancement of exploration at Silver Hart. One is for a Land Use Permit, necessary from the YG to repair the public access road [KM 1116] north from the Alaska Highway into Silver Hart. Another is seeking YG funding support under its annual "Resource Access Roads Program (RARP)" for such road improvements as are necessary to enable the Company to fulfil its goals this year for and at Silver Hart. The 2017 exploration season saw the effective completion of a modest diamond drilling and resampling program at Silver Hart carried out for the Company by Longford Exploration Services ["Longford"]. Longford has produced a 3D model of the results, and is continuing to enhance the model with the digitization and integration of all available historic information. This 3D model is assisting the Company in the identification of areas for infill drilling aligned with the goal of building a compliant resource, and to identify near surface targets for future bulk sampling.
Representatives of the Company, including Longford, were in Whitehorse and Watson Lake, Yukon, late in March for meetings with senior government officials and First Nations leadership. Their main agenda was stakeholder consultations over the Company's summer 2018 exploration program intentions and longer-term plans for Silver Hart. In addition, as an integral part of the Company's community relationship-building process, such contact focused upon road improvement requirements in connection with public funding support, and otherwise. As a result, important, new links with the Company's neighbours, and particularly with the incoming Chief and Council of the Liard First Nation in whose traditional territory the Company operates, were successfully established.
About CMC Metals.
CMC Metals Ltd. is a mineral exploration company focused on opportunities in the United States and Canada that offers potential for near-term cash flow. The Company is led by a seasoned team with experience developing assets to production. CMC holds a 100% interest in the Golden Point gold property bordering Teck Resources located in the Golden Triangle of British Columbia comprising of 87 claims totalling 1,518 Ha. CMC hold a 50% interest in the Radcliff Gold property (formerly the World Beater Mine) in California located 9 Miles (14 km) north of the Briggs Gold Mine in the Panamint range in Ingo county, Southwestern California. The Radcliff covers 1,654 acres (670 Ha) comprising 10 patented claims, 5 unpatented mill sites and 84 unpatented mine claims. The Company's Silver Hart Property is a Silver-Lead-Zinc asset located in the Yukon, 132 km west of Watson Lake, and covers 2,200 hectares and 116 Contiguous and partial claims.
On behalf of the Board:
"Michael C. Scholz"
Michael Scholz, Director
For more information and to be added to CMC's news distribution list, please send an email to info@cmcmetals.ca or call Mr. Michael Scholz at 604-605-0166
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
"This news release includes certain statements that constitute "forward-looking information" within the meaning of applicable securities law, including without limitation, statements that address the timing and content of upcoming work programs, geological interpretations, receipt of property titles and exploitation activities and developments. In this release disclosure regarding the potential to undertake future work comprise forward looking statements. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks, including the ability of the Company to raise the funds necessary to fund its projects and, accordingly, may not occur as described herein or at all. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Readers are referred to the Company's filings with the Canadian securities regulators for information on these and other risk factors, available at www.sedar.com. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation."
