04:00:59 EDT Wed 16 Jul 2025
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or Name
USA
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Sankamap Metals Inc
Symbol SCU
Shares Issued 43,363,118
Close 2025-07-14 C$ 0.235
Market Cap C$ 10,190,333
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Sankamap Metals CEO Florek becomes director of McEwen

2025-07-15 13:15 ET - News Release

Mr. John Florek reports

SANKAMAP CEO JOINS BOARD OF MCEWEN INC.

Sankamap Metals Inc.'s chief executive officer, John Florek, has been appointed to the board of directors of McEwen Inc., a recognized producer of gold, copper and silver with active operations across the Americas.

Mr. Florek is a seasoned leader and geologist with more than three decades of experience in exploration and resource development. His appointment reflects both his technical expertise and the respect he commands within the mining industry.

Mr. Florek will continue in his full capacity as chief executive officer of Sankamap Metals. His new role at McEwen is expected to complement, rather than conflict with, his continuing leadership at Sankamap as the company continues to advance its flagship Oceania project in the Solomon Islands.

"We're very pleased to welcome John Florek to McEwen's board of directors. John is a highly respected geologist with a deep understanding of exploration and project development. His technical acumen and strategic perspective will be invaluable as we advance our portfolio and pursue our vision of building a high-performing, innovation-driven mining company," stated Rob McEwen, chief executive officer of McEwen.

Sankamap congratulates Mr. Florek on this significant achievement.

About Sankamap Metals Inc.

Sankamap Metals is a Canadian mineral exploration company dedicated to the discovery and development of high-grade copper and gold deposits through its flagship Oceania project, located in the South Pacific. The company's fully permitted assets are strategically positioned in the Solomon Islands, along a prolific geological trend that hosts world-class copper-gold deposits, including Newcrest's Lihir mine, with a resource of 71.9 million ounces of gold (310 million tonnes containing 23 million ounces gold at 2.3 grams per tonne proved plus probable, 520 million tonnes containing 39 million ounces gold at 2.3 grams per tonne indicated, 81 million tonnes containing five million ounces gold at 1.9 grams per tonne measured, and 61 million tonnes containing 4.9 million ounces at 2.3 grams per tonne inferred).

Exploration is actively advancing at both the Kuma and Fauro properties, part of Sankamap's Oceania project in the Solomon Islands. Historical work has already highlighted the mineral potential of both sites, which lie along a highly prospective copper- and gold-bearing trend, suggesting the possibility of further yet-to-be-discovered deposits.

At Kuma, the property is believed to host an underexplored and largely untested porphyry copper-gold system. Historical rock-chip sampling has returned consistently elevated gold values above 0.5 gram per tonne gold, including a standout sample assaying 11.7 per cent copper and 13.5 grams per tonne gold, underscoring the area's significant potential.

At Fauro, particularly at the Meriguna target, historical trenching has revealed highly encouraging results, including 8.0 metres at 27.95 grams per tonne gold and 14.0 metres at 8.94 grams per tonne gold, along with grab samples reaching up to 173 grams per tonne gold. Additionally, limited historical shallow drilling encountered 35.0 metres at 2.08 grams per tonne gold, further supporting the property's prospectivity.

With a commitment to systematic exploration and a team of experienced professionals, Sankamap aims to unlock the untapped potential of underexplored regions and create substantial value for its shareholders.

We seek Safe Harbor.

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