Subject: I am sharing 'Longhorn News release July 8 2024 - Fame Property FINAL' with you
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Longhorn Exploration Corp. Announces Work Program
on the Fame Gold Property
News Release - Vancouver, British Columbia - July 8, 2024: Longhorn Exploration Corp. (TSX-V: LEX) (the "Company") announces that the Company will be commencing a geophysical survey on the Fame property (located approximately 82 kilometers southwest of Williams Lake, British Columbia) in mid July, 2024. The Company expects this survey to take approximately one week to complete.
The geophysical team will conduct a Volterra-AMT survey to complement the data generated from the 2022 Magnetometer and VLF (very low frequency) airborne survey. These surveys are aimed at detecting chargeability highs. The results of the surveys will then be analyzed and interpreted.
The Fame property consists of 11 contiguous mining titles and covers an area of 3200 hectares. It hosts several mineral showings consisting of mineralization that have been classified as epithermal gold. The main target type on the Fame property is an epithermal gold deposit. The 2012 IP survey that was conducted over most of the known showings was successful in delineating zones of higher chargeability, which may relate to zones of disseminated pyrite or other sulphides; higher resistivity, which may relate to either intrusions or zones of silicification; in addition to providing depth profiles of targets.
The development of this work program is based on the information generated by the analysis of previous work completed on the Fame property, combined with the 2022 completed airborne geophysical survey.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Chris Dyakowski P.Geo, a consultant of the Company, the optionor of the Fame property and a "Qualified Person" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Dyakowski verified the data disclosed which includes a review of the sampling, analytical and test data underlying the information and opinions contained therein.
About Longhorn Exploration Corp.: The Company has the exclusive right and option to acquire PureWave Hydrogen's rights and obligations under three lease agreements, located in Kansas, USA, known as the "Lily Rock Hydrogen Project", which allow for the prospecting, exploration, drilling and production of any substance including hydrogen gas. The Company also has an option to acquire a 100% interest and title to the Fame property located in the Clinton Mining Division, British Columbia.
Contact Information - For more information, please contact:
Anthony Zelen, Chief Executive Officer & Director
Tel: 778-388-5258
E-mail: anthony@longhornexploration.com
Website: www.longhornexploration.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains "forward-looking information or statements" within the meaning of applicable securities laws, which may include, without limitation, completion of the Volterra-AMT geophysical survey on the Fame property and the anticipated timelines to complete the work program, interpretation of the results, other statements relating to the technical, financial and business prospects of the Company, its projects, its goals and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals and hydrogen, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses and those other risks filed under the Company's profile on SEDAR+ at www.sedarplus.ca. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather or climate conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, the impact of viruses and diseases on the Company's ability to operate, failure to secure the equipment and personnel necessary to carry out work programs, decrease in the price of gold, copper and other metals and hydrogen, failure to maintain community acceptance (including First Nations), increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward-looking statements or forward-looking information, except as required by law.
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