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VANCOUVER, British Columbia, Sept. 26, 2024 (GLOBE NEWSWIRE) — CMC Metals Ltd. (TSX-V: CMB) (Frankfurt:ZM5P) (“CMC” or the “Company”) is pleased to announce that North Bay Resources Inc. (OTC:NBRI) announced yesterday that they have made significant progress as follows:
- the arrival of the first gold ore shipped to the Bishop mill from the Fran Gold Project and the start of test milling. NBRI will immediately begin exploration and optimization of the mill to extract the gold from the ore.
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Kevin Brewer, President and CEO of CMC Metals Ltd. commented: “Congratulations to NBRI and its President Jared Lazerson for the rapid progress they have made in developing the Fran Gold Project, Mt. Vernon Gold Mine, its latest ore. submission to the Bishop, and preparation of Bishop Mill’s institution to the stage where the examination process can begin. This is a milestone in that project. We are very pleased to be a significant shareholder of NBRI and will continue to work closely with NBRI to make this project a success and generate value for our shareholders.”
CMC acquired 1.12 billion common shares in North Bay Resources Inc. (see press release dated April 24, 2024). The common shares were acquired as part of an agreement between NBRI and the Company, whereby NBRI acquired 55.5% of CMC’s gold mill in Bishop California.
About CMC Metals Ltd.
CMC Metals Ltd. is a growth-stage exploration company focused on high-grade polymetallic deposit opportunities in the Yukon, British Columbia and Newfoundland. Our polymetallic silver-lead-zinc CRD prospects in the Rancheria Silver region include the Silver Hart Deposit and Blue Heaven (Yukon), Amy and Silverknife (British Columbia) claims. Our polymetallic projects with potential for copper-silver-gold and other metals include Bridal Veil (central Newfoundland) and Logjam (Yukon).
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On behalf of the Board:
“Kevin Brewer”
Kevin Brewer, President, CEO and Director
Rating of the company CMC Metals Ltd.
For more information and investor inquiries:
Kevin Brewer, P. Geo., MBA, B.Sc.(Hons), Dip. Mine Eng.
President, CEO and Director
Phone: (709) 327 8013
kbrewer80@hotmail.com
Suite 1000-409 Granville St., Vancouver, BC, V6C 1T2
Website: www.cmcmtals.ca
Neither the TSX Venture Exchange nor its Legal 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 may contain certain statements that constitute “forward-looking information” within the meaning of applicable securities law, including without limitation, statements regarding the timing and content of future operations, state interpretations, acquisitions of property titles and exploitation activities. and development. This release’s disclosure about the ability to perform future audit activity includes forward-looking statements. Forward-looking statements speak of future events and conditions and are based on a number of estimates and assumptions. Although such estimates and assumptions are considered reasonable by the Company’s management, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks, including the Company’s ability to obtain the funds necessary to finance its projects, to bear. remove the function and, as a result, it may not be performed as described here 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, the exploitation and success of exploration, the timing and acceptance of government and regulatory approvals, the impact of the ongoing crisis of the COVID-19 pandemic and the continued availability of funds. and financial and general economic, market or business conditions. Readers are referred to the Company’s filings with 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 performance or future events and, accordingly, are cautioned not to place 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 latest date and the Company disclaims any intention or obligation to revise or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.”
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