21:35:09 EDT Wed 15 May 2024
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Emergent Metals Corp
Symbol EMR
Shares Issued 32,108,670
Close 2024-02-16 C$ 0.07
Market Cap C$ 2,247,607
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Emergent Metals adds Yorkie claims to New York Canyon

2024-02-21 14:01 ET - News Release

Mr. David Watkinson reports

EMERGENT METALS FURTHER EXPANDS ITS NEW YORK CANYON PROJECT

Emergent Metals Corp. has further expanded its New York Canyon property in Nevada by acquiring six unpatented lode claims (the Yorkie claims) from Western Geoscience Inc. (WGI). The property now consists of 21 patented claims and 792 unpatented mining claims totalling about 16,000 acres (6,500 hectares). Located about 30 miles (48 kilometres) east of Hawthorne, New York Canyon hosts copper skarn and porphyry exploration targets, including Longshot Ridge, Copper Queen, Champion and Emma.

Emergent has acquired the claims for $66,000 (U.S.) ($12,000 (U.S.) paid to WGI with six additional monthly payments of $9,000 (U.S.) due Feb. 15, 2024 (paid), and continuing through July 15, 2024). In addition, Emergent will grant WGI a 2-per-cent net smelter royalty (NSR) on the claims, capped at $1.75-million (U.S.).

David Watkinson, president and chief executive officer of Emergent, stated: "Addition of the Yorkie claims finalizes the consolidation of a major land position at the New York Canyon property, hosting multiple copper exploration targets with a very low acquisition cost. The Yorkie claims are just south of Lahontan Gold Corp.'s (TSXV: LG) Santa Fe project, which hosts the past-producing Santa Fe gold mine. The Yorkie claims also have potential to host gold mineralization, as well as base metals."

About Emergent Metals Corp.

Emergent is a gold and base metal exploration company focused on Nevada and Quebec. The company's strategy is to look for quality acquisitions, add value to these assets through exploration, and monetize them through sale, joint ventures, option, royalty and other transactions to create value for its shareholders (an acquisition and divestiture business model).

Note that the location of Emergent's properties adjacent to producing or past-producing mines does not guarantee exploration success at Emergent's properties, or that mineral resources or reserves will be delineated.

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