Lake Winn Resources Drills 8 Holes, Phase 1 Drill Program at Cloud Project, Flin Flon Gold Belt, Manitoba
Vancouver, February 9, 2021 - Lake Winn Resources Corp. ("Lake Winn" or the "Company") (TSXV:LWR) (OTC:EQTXF) is pleased to announce it has drilled 8 holes, 1683 meter drill program on the Cloud project, in the Flin Flon Gold Belt, Manitoba. Samples for the holes have been sent to the laboratory and the company is waiting for assays. After completing two holes prior to Christmas, the crew returned to the property early January where six more holes were completed.
The holes were initiated to test the Bachnick gold showing and to test the Resistivity and IP targets. Quartz veins with sulphides were encountered in most of the holes. Zones of silicification and zones containing disseminated sulphides were also encountered which most likely explain the resistivity and IP anomalies. Table one gives the drilling details of each hole.
Table 1. NQ sized drill hole location and orientation
---------------------------------------------------- |Drill |Easting |Northing|Depth | | | |hole | | | | Dip| Bearing| |--------------------------------------------------| |CP-2020-01|342400 |6083550 |200 |-50 |345 | |--------------------------------------------------| |CP-2020-02|342660 |6083530 |206 |-50 |345 | |--------------------------------------------------| |CP-2021-01|342730 |6083636 |209 |-50 |345 | |--------------------------------------------------| |CP-2021-02|342300 |6083470 |200 |-50 |345 | |--------------------------------------------------| |CP-2021-03|342485 |6083525 |230 |-50 |345 | |--------------------------------------------------| |CP-2021-04|342640 |6083525 |209 |-50 |165 | |--------------------------------------------------| |CP-2021-05|342850 |6083650 |209 |-45 |285 | |--------------------------------------------------| |CP-2021-06|342100 |6083600 |200 |-50 |200 | ----------------------------------------------------
Total 1663 meters
Qualified Person
The Qualified Person for this news release is Buddy Doyle, AUSIMM, a Geologist with over 30 years' experience in mineral exploration, discovery, and evaluation. A Qualified Person under the provisions of National Instrument 43-101.
About Lake Winn
Lake Winn Resources Corp., is a Vancouver based gold company, listed on the TSX Venture Exchange (Symbol: LWR) focusing on exploration and development of gold projects in Canada. The company's flagship property, the Cloud Project is in the province of Manitoba, in the Flin Flon Gold Belt approximately 40 kilometers north?east of the town of Flin?Flon. Access to the property is provided by Manitoba highway 10 to the all?weather Kississing Lake Road. The company also has the Quartz property 76 kilometres east of Flin Flon where there are historic gold drill intercepts.
On Behalf of the Board of Directors of Lake Winn Resources Corp.
Patrick Power, President & CEO
+1 (604) 218-8772
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Cautionary Statement Regarding "Forward-Looking" Information
Certain statements contained in this press release may constitute forward-looking statements. Such forward-looking statements are based upon the Company's reasonable expectations at the date hereof, which are subject to change depending on economic, political and competitive circumstances and contingencies. Readers are cautioned that such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause a change in such assumptions and the actual outcomes and estimates to be materially different from those estimated or anticipated future results, achievements or position expressed or implied by those forward-looking statements. Risks, uncertainties and other factors that could cause the Company's plans or prospects to change include changes or disruptions in the securities markets; legislative, political or economic developments. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release in the United States. Such securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for the account or benefit of persons in the United States or "U.S. Persons", as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.