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Progressive Planet Solutions Inc (2)
Symbol PLAN
Shares Issued 33,638,711
Close 2020-08-05 C$ 0.095
Market Cap C$ 3,195,678
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Progressive samples up to 3,330 ppm Ni at Heffley Creek

2020-08-05 13:15 ET - News Release

Mr. Steve Harpur reports

PLAN ANNOUNCES ANOMALOUS NICKEL OVER A 500 METRE STRIKE LENGTH AT HEFFLEY CREEK PROPERTY IN BC

Progressive Planet Solutions Inc. has released additional results from its systematic soil geochemical and outcrop sampling program on its Heffley Creek precious metal/base metal and natural pozzolan property.

Progressive Planet Solutions originally optioned the Heffley Creek property based on its potential as a source of aluminosilicates as a component of cementitious materials. Canada's largest cement producer conducted significant work on the property in 1998. The work was focused on defining the quality and quantity of aluminosilicates located on a specific portion of the property. This work included: geophysics mapping; geological mapping; topographical mapping; grab sample analysis; a drill program; and aluminosilicate reserve calculations. Progressive Planet Solutions has access to these data.

At the time, no deal was reached with the prospector who owned the mineral rights to the property. The property's mineral rights were maintained by the prospector and other family members until an option was announced with Progressive Planet Solutions in February, 2020. Currently reported sample results include nickel values as high as 3,330 parts per million nickel.

A total of 190 soil samples have been collected to date. Progressive Planet Solutions has received results for 109 of these samples, with 56 per cent of the samples returning values above 300 parts per million nickel, while 19 per cent of the samples returned values above 1,000 parts per million nickel and 6 per cent of the samples returned values over 2,000 parts per million nickel.

The soil survey has defined a nickel-in-soil anomaly, greater than 300 parts per million nickel, for a strike length of just over 500 metres. The nickel-in-soil anomaly is open along strike to the south and north, as well as uphill to the east.

"I am very pleased with the strike length, the consistency and the grade of the nickel over the entire soil anomaly," indicated Dwayne Melrose, director and technical adviser of Progressive Planet Solutions. "PLAN will continue to extend the soil sampling along strike to the north and south, and to the east of the nickel soil anomaly. In addition, we will begin rock sampling in the area of interest to locate a potential bedrock source."

"Although our initial intent was to systematically test the soil for precious metals, the soil assays to date have now broadened our focus to include searching for nickel. Additional samples of soil and outcrop in the defined nickel-in-soil anomaly have been placed on a rushed testing schedule, and we anticipate that our soil geochemistry testing program will continue into the fall of 2020 until the weather prohibits soil sampling. With the announcement on July 30, 2020, that we had increased our optioned area from 20 claims to 69 claims, we have significantly more ground to explore before winter," stated Steve Harpur, chief executive officer.

Analyses were completed by the geochemistry division 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.

We seek Safe Harbor.

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