mineral claims surrounding 100% owned Crystal Hills Project.
Silicon Metals Corp. (CSE:SI) has expanded its Crystal Hills Project in Ontario by acquiring 59 additional mineral claims, increasing the property’s size from 400 to approximately 1,700 hectares. This 300% growth enhances the company’s potential for high-purity silica exploration. CEO Morgan Good expressed optimism about the area’s value following this expansion. The company focuses on mineral exploration in Canada and holds 100% interests in several projects, including the Maple Birch and Ptarmigan Silica Projects. Technical information has been reviewed by COO Raymond Wladichuk, a qualified geoscientist. The company warns that forward-looking statements involve risks and uncertainties.
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Vancouver, British Columbia, SILICON METALS CORP. (CSE:SI) (OTC:SLCNF) (FSE:X6U) (“Silicon Metals” or the “Company”) is pleased to announce that the Company has secured additional mineral claims surrounding the Company’s 100% owned Crystal Hills Project. The additional mineral claims are highly prospective for high purity silica. With the addition of 59 new mineral claim cells, the Crystal Hills property has increased in size from approximately 400 hectares to approximately 1700 hectares, an approximately 300% increase in size. The claims were acquired by the Company directly via online map staking.
Morgan Good, Silicon Metal’s Chief Executive Officer, stated: “This expansion of contiguous ground around our prospective and recently acquired and 100% owned Crystal Hills Ontario high-purity silica project enhances the Company’s goals in seeking further value in the area which we are optimistic exists.”
About Silicon Metals Corp.
Silicon Metals Corp. is currently focused on exploration and development in Canada, namely British Columbia and Ontario. The Company’s Maple Birch Project, located approximately 30km south-east of Sudbury, Ontario, is a high purity quartz pegmatite project with a 3,000 tonne per year production permit. The Company holds a 100% interest in the Crystal Hills Project, located approximately 40 km north of the city of North Bay, Ontario, Canada, which consists of five mineral claims comprised of eighteen (18) cells totalling approximately 400 hectares. The Company also holds an undivided 100% right, title, and interest in the exploration stage and now fully 5-year permitted Ptarmigan Silica Project, located approximately 130km from Prince George, British Columbia. The Company has also acquired an undivided 100% right, title, and interest in both the exploration stage Silica Ridge Silica Project located approximately 70kms southeast from the town of MacKenzie, British Columbia, as well as the exploration stage Longworth Silica Project located approximately 85km East from Prince George, British Columbia.
Technical Information
Raymond Wladichuk, P.Geo., COO of Silicon Metals Corp., a qualified person as per National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific information in his new release. Mr. Wladichuk is a professional geoscientist registered in British Columbia and Ontario.
ON BEHALF OF THE BOARD OF DIRECTORS OF
SILICON METALS CORP.
“Morgan Good”
Morgan Good
Chief Executive Officer and Director
For more information regarding this news release and further details about Silicon’s plans, please contact:
Morgan Good, CEO and Director
T: 604-715-4751
E: morgan@siliconmetalscorp.com
W: www.siliconmetalscorp.com
Neither the CSE 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 Note Regarding Forward-Looking Statements
This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This information and these statements, referred to herein as “forward‐looking statements” are made as of the date of this news release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. The forward-looking statements include without limitation, that the expansion of contiguous ground around the Crystal Hills property will enhance the Company’s goal in seeking further value in the area.
Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive.
In making the forward-looking statements in this news release, the Company has applied certain material assumptions, including without limitation, that the acquisition of the contiguous ground around the Crystal Hills property will enhance the Company’s goal as expected.
These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things; the Company may be unable to develop the Company’s mineral properties as anticipated; the Company may be unable to carry out its business plans as disclosed and that the newly acquired mineral claim cells will not enhance the Company’s goal in seeking further value in the area of the Company’s Crystal Hills property.
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. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
