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GPM Metals Now Cleared to Drill Zinc Targets at the Walker Gossan Project on Trend with Mt Isa and McArthur River Within the Carpentaria Zinc Belt, the World's Largest Zn-Pb Province

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GPM Metals Inc. (TSXV: GPMTF) has received approval from Traditional Landowners for its 2024/2025 exploration work program at the Walker Gossan Project in the Carpentaria Zinc Belt. The program includes on-ground works and a diamond drilling campaign of up to 30 holes, targeting large, coincident gravity, radiometric, and geochemical anomalies indicative of giant polymetallic gossan systems.

Key points:

  • Geology team to mobilize in coming weeks to establish a work camp and finalize drill targets
  • Drilling campaign planned to commence in early September 2024
  • Agreement grants rights for both exploration and potential full mining operation
  • GPM completed a Sale and Purchase agreement with Rio Tinto Exploration, preserving farm-in rights while giving GPM control over the tenements

GPM Metals Inc. (TSXV: GPMTF) ha ricevuto l'approvazione dai Proprietari Territoriali Tradizionali per il suo programma di lavoro di esplorazione 2024/2025 presso il Walker Gossan Project nella Cintura di Zinco Carpentaria. Il programma include lavori a terra e una campagna di perforazione a diamante di fino a 30 perforazioni, mirando a grandi anomalie coincidenti di gravità, radiometriche e geochimiche indicative di enormi sistemi di gossan polimetallico.

Punti chiave:

  • Il team geologico si mobiliterà nelle prossime settimane per stabilire un campo di lavoro e finalizzare i bersagli di perforazione
  • La campagna di perforazione è prevista per inizio settembre 2024
  • L'accordo concede diritti sia per l'esplorazione che per una potenziale completa operazione mineraria
  • GPM ha completato un accordo di Vendita e Acquisto con Rio Tinto Exploration, preservando i diritti di farm-in mentre conferisce a GPM il controllo sui diritti minerari

GPM Metals Inc. (TSXV: GPMTF) ha recibido la aprobación de los Propietarios Territoriales Tradicionales para su programa de trabajo de exploración 2024/2025 en el Walker Gossan Project en la Cintura de Zinc Carpentaria. El programa incluye trabajos en terreno y una campaña de perforación diamantina de hasta 30 perforaciones, que buscan grandes anomalías coincidentes de gravedad, radiométricas y geoquímicas que indican sistemas de gossan polimetálico gigantes.

Puntos clave:

  • El equipo de geología se movilizará en las próximas semanas para establecer un campamento de trabajo y finalizar los objetivos de perforación
  • Se planea que la campaña de perforación comience a principios de septiembre de 2024
  • El acuerdo otorga derechos tanto para la exploración como para una posible operación minera completa
  • GPM completó un acuerdo de Venta y Compra con Rio Tinto Exploration, preservando los derechos de farm-in mientras otorga a GPM el control sobre los terrenos

GPM Metals Inc. (TSXV: GPMTF)는 Carpentaria Zinc Belt의 Walker Gossan Project에 대한 2024/2025 탐사 작업 프로그램에 대해 전통적인 토지 소유자들의 승인을 받았습니다. 이 프로그램에는 현장 작업 및 최대 30개의 다이아몬드 시추 캠페인이 포함되어 있으며, 거대한 다중 금속 고산 시스템을 나타내는 중력, 방사선 및 지화학 이상 징후를 목표로 하고 있습니다.

주요 사항:

  • 지질학 팀이 작업 캠프를 수립하고 시추 목표를 최종화하기 위해 오는 주에 이동할 예정입니다.
  • 시추 캠페인은 2024년 9월 초에 시작될 예정입니다.
  • 이 계약은 탐사와 잠재적인 완전한 광업 운영 모두에 대한 권리를 부여합니다.
  • GPM은 Rio Tinto Exploration과 매매 계약을 체결하여 농장 진입 권리를 보존하면서 GPM에게 권리 통제를 부여했습니다.

GPM Metals Inc. (TSXV: GPMTF) a obtenu l'approbation des propriétaires fonciers traditionnels pour son programme de travail d'exploration 2024/2025 au sein du Walker Gossan Project dans la ceinture de zinc de Carpentaria. Le programme comprend des travaux de surface et une campagne de forage diamant de jusqu'à 30 forages, ciblant de grandes anomalies gravimétriques, radiométriques et géochimiques indiquant des systèmes de gossan polymétalliques géants.

Principaux points :

  • L'équipe géologique se mobilisera dans les prochaines semaines pour établir un camp de travail et finaliser les cibles de forage
  • La campagne de forage est prévue pour début septembre 2024
  • Le contrat accorde des droits tant pour l'exploration que pour une éventuelle opération minière complète
  • GPM a conclu un accord de vente et d'achat avec Rio Tinto Exploration, préservant les droits de farm-in tout en donnant à GPM le contrôle des permis

GPM Metals Inc. (TSXV: GPMTF) hat die Genehmigung von den traditionellen Landbesitzern für sein Explorationsprogramm 2024/2025 im Walker Gossan Project im Carpentaria-Zinkgürtel erhalten. Das Programm umfasst Arbeiten vor Ort und eine Diamantbohrkampagne von bis zu 30 Löchern, die auf große, zeitgleiche Schwere-, radiometrische und geochemische Anomalien abzielt, die auf riesige polymetallische Gossansysteme hinweisen.

Wichtige Punkte:

  • Das Geologieteam wird in den kommenden Wochen mobilisiert, um ein Arbeitslager einzurichten und die Bohrziele festzulegen
  • Die Bohrkampagne soll Anfang September 2024 beginnen
  • Die Vereinbarung gewährt Rechte sowohl für die Exploration als auch für eine potenzielle vollständige Bergbauoperation
  • GPM hat einen Verkaufs- und Kaufvertrag mit Rio Tinto Exploration abgeschlossen, der die Farm-in-Rechte wahrt und GPM die Kontrolle über die Lizenzen überträgt
Positive
  • Approval from Traditional Landowners for 2024/2025 exploration program
  • Rights granted for both exploration and potential full mining operation
  • Planned diamond drilling campaign of up to 30 holes
  • Completed Sale and Purchase agreement with Rio Tinto Exploration, giving GPM control over tenements
Negative
  • None.

Toronto, Ontario--(Newsfile Corp. - August 12, 2024) - GPM Metals Inc. (TSXV: GPM) ("GPM" or the "Company") last week presented the 2024/2025 exploration work program to Traditional Landowners at a meeting convened by the Northern Land Council. We are pleased to announce that the Traditional Owners have approved this program which includes on ground works and a diamond drilling program of up to 30 holes. We thank the Northern Land Council for facilitating this meeting and the Traditional Owners for their time and consideration.

The drill program is designed to test several large, coincident, gravity, radiometric and geochemical anomalies, which are indicative of the giant polymetallic gossan systems located on the Eastern Australian Cratonic Edge such as MacArthur River, Century and Mount Isa.

GPM will mobilise its geology team in the coming weeks to establish a work camp and begin a range of on ground geology work to finalise the drill targets. The Company plans to commence a drilling campaign in early September 2024. We are looking forward to working with the Traditional Owners on this program.

It is important to note that the agreement we have achieved with the Traditional Owners today not only grants us the rights to explore but also the rights to develop a full mining operation.

GPM has also recently completed a Sale and Purchase agreement with Rio Tinto Exploration ("RTX"). The Sale and Purchase agreement preserves the farm in rights of RTX but gives GPM absolute integrity over these prospective tenements and the surrounding tenement areas.

Daniel Noone, Chairman, commented, "After 10 years of hard work moving the Walker Gossan Project forward, with our partner Rio Tinto, we are extremely excited to drill these large gravity anomalies with the support of the Traditional Land Owners."

For further information please contact

Information
GPM Metals Inc.
Suite 1101- 141 Adelaide Street West,
Toronto, Ontario M5H 3L5
Telephone: + 416 997 7507
Email: info@gpmmetals.com

Neither 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.

Forward-Looking Statements

Information set forth in this news release involves forward-looking statements under applicable securities laws. The forward-looking statements contained herein include, but are not limited to, the anticipated size and completion the Offering and the receipt of applicable regulatory approvals, and all such forward-looking statements are expressly qualified in their entirety by this cautionary statement. 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. Although the Company believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct and, accordingly, undue reliance should not be put on such forward-looking statements. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/219561

FAQ

What is the Walker Gossan Project and where is it located?

The Walker Gossan Project is an exploration project located in the Carpentaria Zinc Belt, which is the world's largest Zn-Pb province. It's on trend with major deposits like Mt Isa and McArthur River.

What approvals has GPM Metals (GPMTF) received for the Walker Gossan Project?

GPM Metals has received approval from Traditional Landowners for its 2024/2025 exploration work program, which includes on-ground works and a diamond drilling program of up to 30 holes.

When is GPM Metals (GPMTF) planning to start drilling at the Walker Gossan Project?

GPM Metals plans to commence a drilling campaign at the Walker Gossan Project in early September 2024.

What is the significance of the agreement GPM Metals (GPMTF) has with the Traditional Owners?

The agreement grants GPM Metals rights not only for exploration but also for the potential development of a full mining operation at the Walker Gossan Project.

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