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Progressive Planet Solutions Inc (2)
Symbol PLAN
Shares Issued 33,638,711
Close 2020-07-23 C$ 0.045
Market Cap C$ 1,513,742
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Progressive samples up to 1,885 ppm Ni at Heffley Creek

2020-07-23 16:15 ET - News Release

Mr. Steve Harpur reports

PLAN ANNOUNCES INITIAL RESULTS AND START OF WORK ON HEFFLEY CREEK PRECIOUS METAL AND NATURAL POZZOLAN PROPERTY IN BC

Progressive Planet Solutions Inc. has begun exploration work on its Heffley Creek precious metal and natural pozzolan property in British Columbia and has received initial exploration results.

Progressive Planet Solutions has commenced a systematic soil geochemical and outcrop sampling program. The overall program will be a systematic, property-wide soil geochemical and outcrop sampling program, which will focus on precious metals. Previous anomalous gold and silver soil samples were reported in Progressive Planet Solutions' Feb. 24, 2020, press release. The previously reported samples have been confirmed from outcrop immediately below the soil samples, with grab samples reporting 0.16 and 0.05 part per million gold, and resampling of the soil horizon resulted in values of 0.28, 0.25 and 0.15 ppm gold. All sample results received (28 rock samples and five soil geochemical samples) are listed in an attached table and have confirmed the presence of anomalous gold and nickel on the property.

The exploration program is being led by Dwayne Melrose, PGeo. Mr. Melrose has over 30 years of international mining experience in senior management in central Asia, China, Africa, North America and South America. As the former chief executive officer of True Gold Mining, Mr. Melrose oversaw activities including a pre-PEA (preliminary economic assessment) and a bankable feasibility study through to a financed, permitted project, which commenced construction in under four years. As former chief executive officer of Gold Reach Resources, Mr. Melrose oversaw the completion of a positive PEA on the company's copper project. As the exploration manager at the Kumtor gold mine in Kyrgyzstan, Mr. Melrose was instrumental in the discovery of the high-grade SB zone. Kumtor is now owned by Centerra Gold and has produced over 11.5 million ounces of gold since commencing commercial production in 1997.

"With a stellar international career, we are pleased to have Dwayne involved as both a director of PLAN as well as his involvement supervising the exploration program at Heffley Creek. PLAN optioned this property after reviewing prior exploration work completed on the property in 1999 by the largest cement company in Canada. It was our intention to develop this property as a source of aluminosilicates for use in the production of cementitious products. This is still our intention; however, with the discovery of anomalous gold and nickel in the soil, we also intend to continue testing the soil geochemistry," stated Steve Harpur, chief executive officer.

"I am very pleased with the initial sampling results to date, as they have confirmed the presence of gold and base metals in the bedrock," said Dwayne Melrose, director and technical adviser. "I am looking forward to the summer sampling program progressing and receiving more results from the work."

Grab samples within the property resulted in nickel values of up to 1,885 ppm. An attached table provides the complete list of the precious metal, nickel and copper results.

Analyses were completed by the metallurgy and geochemistry divisions of ALS Canada. Base metal contents were measured by aqua regia digestion and analysis on ICP-AES.

The precious metal analyses were completed on all samples using fire assay fusion, followed by AA finish (gold) or ICP finish (platinum and palladium) to measure gold, platinum and palladium. Silver was measured using aqua regia digestion.

All samples were grab samples and are not necessarily representative of the mineralization hosted on the property. Progressive Planet Solutions is actively completing additional soil and outcrop sampling and will release additional results as they are received.

Dwayne Melrose, PGeo, a qualified person for the purposes of National Instrument 43-101, has reviewed and approved the contents of this news release.

About Progressive Planet Solutions Inc.

Progressive Planet is an emerging leader in supplying solutions for a livable planet by developing low-carbon, pozzolan-based cementing products.

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