Vancouver, British Columbia – January 29, 2021 – 79 Resources Ltd. (CSE: SNR) ("79 Resources " or the “Company”) reports on activities related to its Louise Lake Property located in central B.C., approximately 35 kilometres west of the town of Smithers in the Omineca mining division.
The Louise Lake property consists of eight mineral claims covering an area of 1,862 hectares where porphyry-style copper-gold-molybdenum-silver mineralization has been discovered and drilled by other companies, on two principal zones (Main Zone and Lake Zone Prospects) with numerous other geophysical and geochemical targets.
Proposed activities include:
The Company is also planning a summer field program comprising grid geochemical sampling, geological mapping, rock sampling and prospecting. All of the Company’s field activities will be conducted under Federal and Provincial COVID-19 operating protocols and safety measures as required.
The Company further announces it has set 630,000 options to directors and consultants of the Company at $0.16 for a period of 2 years in accordance with the Company’s stock option plan.
Garry Clark, P. Geo., a Qualified Person under National Instrument 43-101, is the Qualified Person responsible for reviewing and approving the technical contents of this news release as they pertain to the Louise Lake Property.
About 79 Resources Ltd.
79 Resources is a recently formed junior mining exploration company. Its objective is to acquire, explore and develop precious and base metal properties of merit.
ON BEHALF OF THE BOARD
John Masters Director
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FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).