Newpath Resources Mobilizes to Alpha/Bravo Project
Newpath Resources Inc. (CSE: PATH) (FSE: 0MZ) (OTC PINK: RDYFF) announces mobilization of a prospecting field crew to its Alpha/Bravo Project on October 7, 2024. The company will focus on priority target areas identified during the 2023 exploration program, which yielded results consistent with fertile granites, beryl type and spodumene subtype pegmatites. Key highlights include:
- Identification of three new target areas with peraluminous, potentially fertile granite occurrences
- Positive indicators from geochemical analyses and LIBS scans of lithium indicator minerals
- Strategic location between Thunder Bay and Nipigon, Ontario with road accessibility
Additionally, Newpath has extended the expiry date of 1,002,500 outstanding warrants by one year to October 6, 2025. The company also acknowledges its commitment to fostering relationships with Indigenous communities in the project area.
Newpath Resources Inc. (CSE: PATH) (FSE: 0MZ) (OTC PINK: RDYFF) annuncia la mobilitazione di una squadra di prospezione per il suo Progetto Alpha/Bravo il 7 ottobre 2024. L'azienda si concentrerà su aree target prioritarie identificate durante il programma di esplorazione del 2023, che ha prodotto risultati coerenti con graniti fertili, tipi di berillo e pegmatiti subtipi di spodumene. I punti salienti includono:
- Identificazione di tre nuove aree target con occorrenze di granito peraluminose, potenzialmente fertili
- Indicatori positivi da analisi geochimiche e scansioni LIBS di minerali indicatori di litio
- Posizione strategica tra Thunder Bay e Nipigon, Ontario, con accessibilità stradale
Inoltre, Newpath ha esteso la data di scadenza di 1.002.500 warrant in essere di un anno fino al 6 ottobre 2025. L'azienda riconosce anche il proprio impegno a promuovere relazioni con le comunità indigene nella zona del progetto.
Newpath Resources Inc. (CSE: PATH) (FSE: 0MZ) (OTC PINK: RDYFF) anuncia la movilización de un equipo de prospección para su Proyecto Alpha/Bravo el 7 de octubre de 2024. La empresa se enfocará en áreas objetivo prioritarias identificadas durante el programa de exploración de 2023, que arrojó resultados consistentes con granitos fértiles, tipo berilo y pegmatitas subtipo espodumena. Los puntos destacados incluyen:
- Identificación de tres nuevas áreas objetivo con ocurrencias de granito peraluminoso, potencialmente fértiles
- Indicadores positivos de análisis geoquímicos y escaneos LIBS de minerales indicadores de litio
- Ubicación estratégica entre Thunder Bay y Nipigon, Ontario, con accesibilidad por carretera
Además, Newpath ha extendido la fecha de vencimiento de 1,002,500 warrants pendientes por un año hasta el 6 de octubre de 2025. La empresa también reconoce su compromiso de fomentar relaciones con las comunidades indígenas en el área del proyecto.
Newpath Resources Inc. (CSE: PATH) (FSE: 0MZ) (OTC PINK: RDYFF)는 2024년 10월 7일 알파/브라보 프로젝트를 위한 채굴 현장 팀의 동원을 발표했습니다. 이 회사는 2023년 탐사 프로그램 중 확인된 우선 목표 지역에 집중할 예정이며, 이 프로그램의 결과는 비옥한 화강암, 베릴 유형 및 스포듐렌 하위 유전자와 일치하는 것으로 나타났습니다. 주요 내용은 다음과 같습니다:
- 비알루미노스, 잠재적으로 비옥한 화강암의 새로운 목표 지역 세 곳 식별
- 리튬 지표 광물의 지구화학 분석 및 LIBS 스캔에서 긍정적인 지표
- 온타리오주 썬더베이와 니피곤 사이의 전략적 위치, 도로 접근 가능성
또한 Newpath는 1,002,500개의 미결워런트의 만료일을 2025년 10월 6일까지 1년 연장했습니다. 이 회사는 또한 프로젝트 지역 내 원주율 커뮤니티와의 관계를 발전시키겠다는 의지를 밝힙니다.
Newpath Resources Inc. (CSE: PATH) (FSE: 0MZ) (OTC PINK: RDYFF) annonce la mobilisation d'une équipe de prospection pour son Projet Alpha/Bravo le 7 octobre 2024. L'entreprise se concentrera sur des zones cibles prioritaires identifiées lors du programme d'exploration 2023, qui a produit des résultats compatibles avec des granites fertiles, de type béryl et des pegmatites de sous-type spodumène. Les points forts incluent :
- Identification de trois nouvelles zones cibles avec des occurrences de granite péralumineux, potentiellement fertiles
- Indicateurs positifs issus d'analyses géochimiques et de scans LIBS des minéraux indicateurs de lithium
- Emplacement stratégique entre Thunder Bay et Nipigon, Ontario, avec accessibilité routière
De plus, Newpath a prolongé la date d'expiration de 1 002 500 bons de souscription en circulation d'un an jusqu'au 6 octobre 2025. L'entreprise reconnaît également son engagement à favoriser les relations avec les communautés autochtones dans la zone du projet.
Newpath Resources Inc. (CSE: PATH) (FSE: 0MZ) (OTC PINK: RDYFF) kündigt die Mobilisierung eines Prospektionsfeldteams für sein Alpha/Bravo-Projekt am 7. Oktober 2024 an. Das Unternehmen wird sich auf prioritäre Zielgebiete konzentrieren, die während des Explorationsprogramms 2023 identifiziert wurden und Ergebnisse lieferten, die mit fruchtbarem Granit, Beryll-Typ und Spodumen-Subtyp-Pegmatiten übereinstimmen. Die wichtigsten Highlights umfassen:
- Identifizierung von drei neuen Zielgebieten mit peraluminosen, potenziell fruchtbaren Granitvorkommen
- Positive Indikatoren aus geochemischen Analysen und LIBS-Scans von Lithium-Indikatormineralien
- Strategische Lage zwischen Thunder Bay und Nipigon, Ontario, mit Straßenanbindung
Darüber hinaus hat Newpath das Ablaufdatum von 1.002.500 ausstehenden Warrants um ein Jahr bis zum 6. Oktober 2025 verlängert. Das Unternehmen bekräftigt auch sein Engagement, Beziehungen zu indigenen Gemeinschaften im Projektgebiet zu pflegen.
- Identification of new target areas with potential for lithium-bearing pegmatites
- Positive geochemical indicators supporting further exploration
- Strategic location with road accessibility
- Extension of warrant expiry date, potentially improving financial flexibility
- None.
Vancouver, British Columbia--(Newsfile Corp. - October 3, 2024) - Newpath Resources Inc. (CSE: PATH) (FSE: 0MZ) (OTC PINK: RDYFF) ("Newpath" or the "Company") is pleased to announce that it will be mobilizing a prospecting field crew to the Company's
Highlights from the 2023 exploration program at Alpha/Bravo included:
- Key trace element (Li, Cs, Rb and Ta) whole rock and LIBS analyses of samples collected from the Alpha/Bravo Project yield results consistent with trace element signatures and diagnostic rare earth element ratios associated with fertile granites, beryl type and spodumene subtype pegmatites.
- In addition to the Hilltop Target Area (See Figure 1), whole rock major element analyses identified three new target areas centred on peraluminous, potentially fertile granite occurrences on the Alpha/Bravo Project.
Geochemical analyses of whole rock samples and LIBS scans of lithium indicator minerals identified a number of positive indicators at Alpha/Bravo, supporting the current second-pass prospecting on selected targets. Alpha/Bravo is road accessible, strategically located between Thunder Bay and Nipigon, Ontario (See Figure 1)
Figure 1: Newpath Project Locations
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7393/225427_e0153c19745ce850_001full.jpg
Warrant Extension
The Company also announces that it has amended the terms of 1,002,500 outstanding warrants (the "Warrants"). The Warrants are held by arm's length parties (the "Warrantholders") and were originally purchased in October 2023 (see the Company's news release dated October 6, 2023 for more information). The Warrants were initially set to expire on October 6, 2024 and the Company has extended this expiry date by one year to October 6, 2025. Other than the amendment disclosed above, the original terms of the Warrants remain in full force and effect.
Qualified Person
The technical content of this news release has been reviewed and approved by Douglas S. Turnbull, P.Geo., the Company's COO and a "Qualified Person" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
Acknowledgment of First Nations
Newpath Resources Inc. is committed to fostering lasting, transparent, trust-based relationships with the Indigenous communities where we operate. We respectfully acknowledge that our Alpha/Bravo project is on the traditional territories of many Nations including Biinjitiwaabik Zaaging Anishinaabek, Fort William First Nation, Kiashke Zaaging Anishinaabek, Red Rock Indian Band, the Metis Nation of Ontario and Red Sky Metis Independent Nation.
Newpath Resources recognizes the great privilege of conducting work on these lands and recognizes the accountability and commitment we owe to the communities Newpath shares a common interest in ensuring that the lands and waters will continue to provide cultural, environmental, and economic wellbeing for Indigenous communities for generations to come.
About Newpath Resources Inc.
Newpath is a Canadian exploration company listed on the Canadian Securities Exchange under the symbol PATH. Newpath's early-stage Orefield critical metal exploration project, which is composed of three claim groups (Alpha Bravo, Charlie and Delta), totals 3,180 claim units covering approximately 67,448 hectares (approximately 674 square kilometres) west and southwest of Lake Nipigon in Northern Ontario and 50 kilometres northeast of Thunder Bay. The company also wholly owns the Northshore gold project located in the Schreiber-Hemlo greenstone belt (See Project Locations on Figure 1).
On Behalf of the Board of Directors,
NEWPATH RESOURCES INC.
"Alexander McAulay"
Chief Executive Officer
Email: amcaulay@newpathresource.com
CEO Direct Line: +1 (604) 365-0425
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
This news release may contain certain "forward-looking information". Forward-looking information included in this news release includes, but is not limited to, statements with respect to the exploration work on the Project. Forward-looking information is based upon the assumptions and estimates considered reasonable by management of the Company as of the date such statements are made. Forward-looking information involves known and unknown risks, uncertainties, assumptions, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the effectiveness and feasibility of lithium extraction technologies on a commercial scale , and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, 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. As a result, readers are cautioned not to place undue reliance on any forward-looking information. Any statement containing forward looking information speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/225427
FAQ
When is Newpath Resources (RDYFF) mobilizing its field crew to the Alpha/Bravo Project?
What were the key findings from Newpath Resources' (RDYFF) 2023 exploration program at Alpha/Bravo?
Has Newpath Resources (RDYFF) extended any warrants recently?
Where is Newpath Resources' (RDYFF) Alpha/Bravo Project located?
