Supreme Met­als finds East shaft at Hel­frick prop­erty

Stockwatch Daily - - MINES & METALS - Mr. Bob Ko­marechka re­ports

SUPREME MET­ALS Corp. has com­menced its 2017 field ex­plo­ration pro­gram and has pro­vided the fol­low­ing up­date on ac­tiv­i­ties.

On the Hel­frick cobalt patent prop­erty, a site ex­am­i­na­tion was con­ducted. This work lo­cated the East shaft, which was ap­prox­i­mately 15 feet by 10 feet on patent SSM2163, where sev­eral his­tor­i­cal bulk sam­ples were col­lected, in­clud­ing a 3.7-ton bulk sam­ple col­lected in 1912 as­say­ing 14.7 per cent cobalt, 9.2 per cent nickel and nine ounces per ton sil­ver (as re­ported in the On­tario Min­istry of Mines and Forests’ MDI file MDI41J11SW00055). Sev­eral other veins and old work­ings were also lo­cated while in the field on the Hel­frick prop­erty.

The East shaft site oc­curs at the in­ter­sec­tion of two quartz-car­bon­ate veins and matches the lo­ca­tion as de­scribed in the pri­vate Hel­frick files re­viewed by the com­pany and re­plot­ted on a cur­rent geo­ref­er­enced digital map fabric. Ma­te­rial col­lected from the waste pile showed min­er­al­iza­tion as­so­ci­ated with quartz car­bon­ate vein­ing con­tain­ing bis­muthite, some un­known gray me­tal­lic min­eral (pos­si­bly skut­teru­dite) with pink ery­thrite stain­ing, chal­copy­rite and bor­nite. A con­fir­ma­tion of some key claim posts on the site was also un­der­taken. Sam­ples col­lected from the waste pile at the East shaft are cur­rently be­ing ex­am­ined and will soon be sent out for as­say­ing.

The per­va­sive ex­tent of mul­ti­ple quartz car­bon­ate vein­ing ob­served in the area is im­pres­sive, although the full ex­tent was un­de­ter­mined due to the lim­ited outcrop ex­po­sure and over­bur­den, es­ti­mated to be in the range of 0.5 to one me­tre thick. Mea­sure­ments of the mag­netic

sus­cep­ti­bil­ity of both the quartz car­bon­ate veins and the gab­broic and gra­nophyric vari­a­tions of the host Nipiss­ing sill will be un­der­taken in an­tic­i­pa­tion of a high-res­o­lu­tion drone to­tal field mag­ne­tome­ter survey now be­ing planned to fa­cil­i­tate the recog­ni­tion of the quartz car­bon­ate veins of lower mag­netic sus­cep­ti­bil­ity within the higher mag­netic sus­cep­ti­bil­ity of the Nipis­si­ing gab­bro host rocks. Euro­pean lithium strat­egy A field ex­am­i­na­tion of a Span­ish lithium peg­matite

prop­erty was also un­der­taken, as well as un­der­tak­ing a pho­to­graphic record of the core. Sam­ples from the core have been as­sayed, and these are be­ing re­viewed now by the com­pany.

Bob Ko­marechka noted: “The com­pany con­tin­ues to ac­tively in­ves­ti­gate sev­eral lo­cal­i­ties with great po­ten­tial for both lithium and cobalt. Lo­cat­ing the East shaft on the Hel­frick cobalt prop­erty, site of a sig­nif­i­cant his­toric bulk sam­ple, and ob­serv­ing nu­mer­ous rusty quartz car­bon­ate veins noted on the prop­erty, is very ex­cit­ing and will fa­cil­i­tate fur­ther geo­ref­er­enced work on the site to bet­ter un­der­stand the cobalt min­er­al­iza­tion and its ex­tent. This is es­pe­cially rel­e­vant in light of the rapid re­cent rise in cobalt prices in ex­cess of $27 (U.S.) per pound.”

Qual­i­fied per­son Robert Ko­marechka, PGeo, a qual­i­fied per­son un­der Na­tional In­stru­ment 43-101 reg­u­la­tions, has re­viewed the tech­ni­cal data for accuracy.

About Supreme Met­als Corp.

Supreme Met­als is a Cana­dian-based ex­plo­ration com­pany with a fo­cused ap­proach in the area of green and en­ergy met­als in the Western world ad­ja­cent to an­tic­i­pated down­stream man­u­fac­tur­ing projects that will have a sig­nif­i­cant need for these met­als.

We seek Safe Har­bor.

Paul D’Aloisio, Robert Ger­ald Ko­marechka, Binh Vu

(ABJ) Shares: 95,259,247

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