SUDBURY, Ontario, Nov. 13, 2018 (GLOBE NEWSWIRE) -- Supreme Metals Corp. (the “Company” or “Supreme”) (CSE:ABJ) (A68.F) today announced its claim acquisition of the Fraserdale Conductor. This property consists of 14 contiguous one unit claims acquired by Supreme using Ontario’s MNDMF’s MLAS online claim acquisition service. No additional fees or royalties to other parties were involved in this acquisition.
Bob Komarechka, P.Geo., CEO of the Company, commented:
This property contains a strong enigmatic nonmagnetic conductor. Maps prepared by the Ontario Geological Service show this area being within granulite facies rocks. This type of geophysical signature in this metamorphic environment has favourable economic potential. Further geophysical targeting and drilling would be required to determine if the conductor is due to flake graphite or copper – zinc VMS mineralization or possibly due to the presence of the non-magnetic mineral, hexagonal pyrrhotite. I believe this property, with its limited previous exploration is a great asset for the company, having excellent potential at a minimal acquisition cost.
About the Fraserdale Conductor Property
The Fraserdale Conductor Property is located in northern Ontario 76 kilometres north of Smooth Rock Falls about 12 km northeast of the Fraserdale railway station and 8 km north of the Abitibi Canyon hydroelectric dam. Logging roads and trails offer access to the site.
The property was acquired due to the presence 2 moderate to strong continuous nonmagnetic east-west linear conductors occurring over a length of at least 1.5 kilometres on crown land available for acquisition. Limited information is known of the geology on this property and surrounding area. Located about 132 kilometres to the east, lies the prolific Detour Lake Gold mine.
This conductor was originally located as part of the regional geophysical project pathfinder program undertaken by the Keevil Mining Group Ltd. in 1967 as described in their Report 103P.1 No drilling was ever recorded on this property.
Quotations for a ground confirmatory electromagnetic survey have been received to delineate future drill targets
About Supreme Metals Corp.
Supreme Metals Corp. (CSE:ABJ) (A68.F) 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.
On Behalf of the Board,
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. There is no assurance the private placement, property option, change of board or reinstatement of trading referred to above will close on the terms as stated, or at all. The Company disclaims any intention or obligation to revise or update such statements.
1 Keevil Mining Group Ltd. Project Pathfinder – 814 Claims P86232, P86237, P86461 to P86464. Pinard Township, Ontario. Report on Geological Surveys, Report 103P, H. D. McLeod P.Eng, 1967, Ontario Ministry of Mines, Assessment file42H13NE002 Pinard Twp.
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