Sudbury, Ontario – January 16, 2019 – Supreme Metals Corp. (the “Company” or “Supreme”) (CSE: ABJ) (FSE: A68) today disclosed details of its claim acquisition of the Hearst South Property. This property consists of 162 one unit claims totaling 4,050 hectares composed of 5 separate contiguous blocks in Shetland and Lowther townships. The property was acquired for the cost of acquisition along with an agreement for a 1% Net Smelter return and an area of mutual influence with another arms-length party.
About the Hearst South Property
The property was acquired over a period of several months in the spring of 2018 as a result of positive recommendations of the Ontario Ministry of Northern Development1 discussing the potential for lithium and tantalum-rich, rare–element-bearing pegmatite dike swarms in this area with limited exploration history. Based on their geochemical analysis additional work was recommended. The property lies along the contact between a large peralkaline complex adjacent to metasediments in the Quetico Subprovince. The Lowther pegmatite, located a few km outside the Hearst South Property, is being explored for lithium tantalum and beryllium. Another nearby pegmatite along the road adjacent to Supreme’s property is host to a beryl occurrence with some tantalum being recorded by the Ontario Geological Survey.
A preliminary field examination of the property this summer has revealed numerous albite quartz pegmatites, large areas of graphic granite and several unknown minerals in pegmatite still being studied.
About Supreme Metals Corp.
Supreme Metals Corp. (CSE: ABJ) (FSE:A68) 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,
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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 2017-2018 Recommendations for Mineral Exploration in Ontario, Potential for Tantalum-Rich Pegmatite Dike Swarms in the Shetland Township Area, Aaron Bustard, p55-57.