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or Name
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CA



CMC Metals Ltd (3)
Symbol CMB
Shares Issued 138,307,831
Close 2023-05-16 C$ 0.125
Market Cap C$ 17,288,479
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CMC completes Silverknife, Amy archeological assessment

2023-05-17 14:03 ET - News Release

Mr. Kevin Brewer reports

CMC METALS LTD. ANNOUNCES COMPLETION OF ARCHAEOLOGICAL OVERVIEW ASSESSMENT ON ITS SILVERKNIFE AND AMY PROPERTIES

CMC Metals Ltd. has completed an archeological overview assessment (AOA) on the Silverknife and Amy properties, north-central British Columbia. The AOA was conducted by H3M Environmental Ltd. of Fort St. John, British Columbia.

The AOA was conducted as a result of discussions with First Nations governments who emphasized the importance of archaeology. The AOA did not identify the existence of any known archaeological sites on the Silverknife and Amy Properties. CMC has further acknowledged the importance of ensuring the preservation of cultural and historic sites by adopting an archaeological chance find procedure policy that has been developed by local First Nations.

Kevin Brewer, President and CEO noted "CMC is working to foster positive relations with local First Nations governments and communities. Even though archaeological sites are not thought to exist on the Silverknife and Amy properties, we will remain highly cognizant of the potential for sites and the importance of any cultural and historic sites. We also hope to continue our initial engagement with First Nations government in the region with the aim to establish exploration agreements in the near future. We are optimistic that our permit for the Silverknife project will be soon received."

CMC intends to conduct a 3,000-meter drill program to investigate highly prospective areas on the Silverknife property for CRD silver-lead-zinc mineralization. Silverknife is located one kilometer west of the Silvertip Mine (Coeur Mining Inc.), one of the highest-grade underground silver-lead-zinc mines in the world.

Qualified Person

Kevin Brewer, a registered professional geoscientist, is the Company's President and CEO, and Qualified Person (as defined by National Instrument 43-101). He directly supervises CMC's field programs, sampling efforts, quality assurance and quality controls, and the preparation of an approval of the technical information pertaining to the Company's projects. The Company is committed to meeting the highest standards of integrity, transparency and consistency in reporting technical content, including geological reporting, geophysical investigations, environmental and baseline studies, engineering studies, metallurgical testing, assaying and all other technical data.

About CMC Metals Ltd.

CMC Metals Ltd. is a growth stage exploration company focused on opportunities for high grade polymetallic deposits in Yukon, British Columbia and Newfoundland. Our polymetallic silver-lead-zinc CRD prospects in the Rancheria Silver District include the Silverknife and Amy projects (British Columbia), and the Silver Hart Deposit and Blue Heaven claims (Yukon). Our polymetallic projects with potential for copper-silver-gold and other metals include Bridal Veil, Terra Nova (optioned to Highbank Mining Inc.), and Rodney Pond (central Newfoundland) and Logjam (Yukon).

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