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Ophir Metals Corp
Symbol OPHR
Shares Issued 97,886,161
Close 2024-08-08 C$ 0.095
Market Cap C$ 9,299,185
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Ophir Metals begins drilling at Pilipas

2024-08-12 11:44 ET - News Release

Mr. Shawn Westcott reports

OPHIR COMMENCES INAUGURAL DRILL PROGRAM AT THE PILIPAS LITHIUM PROPERTY, JAMES BAY, QUEBEC

Ophir Metals Corp. has collared the first drill hole of its inaugural drill program at the Pilipas lithium property, located in the Eeyou Istchee James Bay region, Quebec. The project is located proximal to existing hydroelectric power that flanks the property to the east and an all-season road that crosses the western side of the property.

Drilling has commenced at the Pilipas lithium property, with one drill rig focused on initial drill testing of the HW1 spodumene pegmatite, discovered during surface exploration this summer. The primary objective of the 2,000-metre drill program (10 to 15 holes) is to test the HW1 spodumene pegmatite at depth and along strike, following up on encouraging grab sample assays from the recently completed surface program, which returned 15 samples over 1.0 per cent lithium oxide (Li2O) to a peak of 3.47 per cent Li2O.

"Our team has done an excellent job to co-ordinate the drill program so quickly following completion of the surface sampling program," commented Shawn Westcott, chief executive officer of Ophir Metals. "We are extremely excited to have the drill turning and look forward the coming weeks as we test the extent of HW1 pegmatite mineralization at depth."

Youdin-Rouillier Drilling of Eastmain, Que., is contracted to complete the diamond drilling with Dahrouge Geological Consulting Ltd. of Edmonton managing the program. Drilling is anticipated to continue until mid-September when work will stop to respect the annual moose hunting season in the James Bay area.

The company is currently awaiting receipt of an additional 138 surface samples collected during the recently completed summer exploration program at Pilipas, including samples of several other pegmatite occurrences on the property. The company will report results as they are received.

Management cautions that prospecting surface rock samples and associated assays, as discussed herein, are selective by nature and represent a point location and therefore may not necessarily be fully representative of the mineralized horizon sampled.

Qualified person

The technical content of this news release has been reviewed and approved by Nathan Schmidt, PGeo, senior geologist for Dahrouge Geological Consulting Ltd., a registered special authorization holder with Ordre des Geologues du Quebec (AS-10512) and a qualified person under National Instrument 43-101 on standards of disclosure for mineral projects.

Mr. Schmidt has verified all scientific and technical data disclosed in this news release, including the sampling and QA/QC (quality assurance/quality control) results and certified analytical data underlying the technical information disclosed. Mr. Schmidt noted no errors or omissions during the data verification process. The company and Mr. Schmidt do not recognize any factors of sampling or recovery that could materially affect the accuracy or reliability of the data disclosed in this news release.

About Ophir Metals Corp.

Ophir Metals is a diversified mineral exploration company focused on the exploration and development of the Pilipas and Radis lithium properties in James Bay, Quebec, and the past-producing Breccia gold property located in Lemhi county, Idaho.

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