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Big Red Mining Corp
Symbol RED
Shares Issued 25,289,500
Close 2022-01-21 C$ 0.13
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Big Red Mining adds 2,100 acres to Dobie

2022-01-28 10:28 ET - News Release

Mr. Jag Sandhu reports

BIG RED MINING CORP. (RED) ANNOUNCES THE EXPANSION OF ITS DOBIE LAKE COPPER PROPERTY

Big Red Mining Corp. has expanded its Dobie Lake copper property to the east and west. Big Red has acquired more ground, which will add approximately 2,100 acres to the existing property.

Cobalt (Gryba) claims

The Cobalt claims lie to east of the Dobie Lake copper claims. The area appears be the extension of the North No. 1 zone. Rock sampling from trenches in the North zone has returned values up to 6.78 per cent copper in veins of massive chalcopyrite. The Cobalt claims adjoin the property of Kobold Metals, a company whose mandate is to identify projects with potential to host energy metals, which has a known cobalt occurrence.

About Kobold Metals

KoBold Metals is privately held and backed by investors committed to the long-term development of new battery metal resources. The principal investors in Kobold Metals are Breakthrough Energy Ventures, a climate technology fund overseen by Bill Gates, Jeff Bezos and other global business leaders; Andreessen Horowitz, the premier Silicon Valley venture capital fund; and Equinor, the Norwegian state oil company.

The Skead Holdings property

The property acquired from Skead Holdings comprises claims to the east and west of the existing Dobie Lake copper property.

The claims to the east of Dobie Lake Copper cover an area known as the Southeast Trench, which has yielded, in past work, massive chalcopyrite veins with grab samples of up to 5 per cent copper. The newly discovered Alpha vein on Big Red's property is projected to extend to the Southeast Trench area, giving a strike length of over 1.5 kilometres to this copper-bearing structure.

The property to the west of the Dobie Lake copper claims includes the western extension of the Alpha vein and covers the former-producing Jentina mine property. Indications of the western extension of the Alpha vein (No. 2 zone) were discovered during prospecting on the west side of the Skead claims in 2021. If confirmed, this would add another 1.6 kilometres to the western extent of the No. 2 copper-mineralized zone.

Jag Sandhu, chief executive officer of Big Red, stated: "We are excited to work with local prospectors to expand the property holdings of Big Red in the Algoma area of Ontario. We consider this area to have great potential based on the widespread copper mineralization and past production in the area. Our expanded footprint is important and gives us a large landholding in a highly prospective area."

Qualified person

James Atkinson, MSc, PGeo, a qualified person as such term is defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, has reviewed and approved the geological and technical information reported in this news release. Mr. Atkinson is not independent of the company as he is a member of the board of directors of Big Red.

About Big Red Mining Corp.

Bid Red is focused on discovering metals required for the clean energy revolution. Big Red holds an option to acquire a 100-per-cent interest in the Dobie Lake copper project in Ontario, Canada. The property is Located approximately 100 kilometres from Sault Ste. Marie, Ont. The property surrounds and covers extensions of the past-producing Jentina mine. The property comprises 131 claims totalling 6,500 acres (26 square kilometres). Big Red's management team possesses extensive experience in financing, exploration, development and mining. Big Red's mission is to conduct future drilling campaigns on the Dobie Lake copper property to maximize its minable resource potential.

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