NOT FOR DISTRIBUTION TO
After months of property evaluations, the company elected to get involved in areas of the
- The properties have to be located within prospective districts.
- The properties have to be accessible by land for low-cost exploration and development (trucks or ATV’s)
- The properties have to show excellent potential for discoveries.
The terms of the option agreement between Opus One and the owners consists of a cash payment of
The chosen property, called ‘Wemindji’, is located near the village of the same name, immediately to the west of the MIA Lithium discovery (Q2 Metals). It consists of 1 claim block covering 2,590 hectares. The property is located north of the road leading to
A preliminary evaluation of the area consisting of a study of satellite images indicated the presence of several elongated pale colored rock formations, well exposed because of recent historical wildfires that are consistent with the presence of pegmatite dykes.
The company is gearing up for a summer prospecting, mapping and sampling program on both properties recently acquired in the area (
A qualified person, Pierre O’Dowd P.Geo, has verified the data disclosed, including sampling, analytical, and test data underlying the information or opinions contained in the written disclosure as required by section 3.1 and 3.2 of NI43-101.
Forward-Looking Statements
This news release contains statements that may constitute “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information may include, among others, statements regarding the future plans, costs, objectives or performance of Opus One, or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including the anticipated exploration program on the project, the results of such exploration program, the development of the project and what benefits Opus One will derive from the project, the expected demand for lithium. Forward-looking information is based on information available at the time and/or management’s good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions, and other unpredictable factors, many of which are beyond Opus One’ control.
These risks, uncertainties and assumptions include, but are not limited to, those described under “Financial Instruments” and “Risk and Uncertainties in Opus One’ Annual Report for the fiscal year ended
Neither the
For more information, please contact:
Chief Executive Officer & Director
Tel.: (514) 591-3988
President, Chief Financial Officer & Director
Tel: (902) 826-1579
info@OpusOneGold.com
Visit Opus One’s website: www.OpusOneGold.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3fb9b237-6483-4195-8f4f-9434c32acf1e
James Bay Lithium District
Opus One New Project
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