Granting of Additional Claims at the Winterhouse Project
14/05/2024 07:00
14 May 2024
BWA Group PLC
("BWA", the "Group", or the "Company") (AQSE: BWAP)
Granting of Additional Claims at the Winterhouse Project
Kings of the North ("KOTN"), Quebec, Canada
BWA Group Plc [AQSE: BWAP], which has mineral exploration licences in both
Cameroon and Canada and is quoted on London's AQSE Growth Market, provides an
update on its 27 new claims, largely contiguous to the prospective Winterhouse
gold project, part of the wholly owned KOTN licence group, Quebec, Canada
("Winterhouse" or the "Winterhouse Project").
The Winterhouse gold property can be found at the eastern edge of the Archean
Opatica Geological Sub-Province, located in the northeastern region of Quebec,
Canada. The property itself, is situated around 95 km west of Fermont (Figure
1) and 385 km north of Baie-Comeau. The Winterhouse licence group now consists
of 90 claims totalling 4,703 hectares (47 km2) (Figures 1 and 2).
The licence area is highly prospective for Archean greenstone-hosted gold and
base metals, with several gold anomalies within, and high-grade occurrences
and good drill intersections from Stelmine's Courcy project, contiguously to
the south and west of the property (Figures 2, 3 and 4).
A full illustrated version of this announcement, including maps and figures
can be accessed via the PDF link below.
Summary
KOTN have increased their landholding across prospective terrains at their
Winterhouse licence group by the recent granting of 27 new claims for an
additional 14 km2. The mixture of contiguous and non-contiguous claims now
totals 90 claims for 47 km2 and surrounds the existing landholding.
Furthermore, they are between and adjacent to Stelmine's Courcy project
claims, which border the Winterhouse property (Figure 2).
Significant historic gold values have been reported at Winterhouse and these
vary from 0.1 to 1.7 g/t Au from 12 rock samples taken on two main gold areas
located each on different large geophysical anomalies, located in the northern
half part of the property (Figure 3). The adjacent Stelmine property has
numerous rock samples with a high of 24.8 g/t Au and 1.2% Cu (2017) taken on a
similar N-S trending 2.5 km2 mineralised zone (Figures 3 and 4).
BWA look forward to incorporating these additional claims in preparation for
the regional exploration programmes for the Winterhouse licence group, planned
for the 2024 field season.
James Butterfield, Managing Director of BWA, commented:
"We are pleased to announce that we have been granted 27 additional claims,
which will enable us to explore new areas in the prospective Opatica
Subprovince. We are delighted with the ongoing support and confidence shown in
BWA by the Quebec Mines department, and we eagerly anticipate exploring the
new opportunities that these claims will provide us with."
Geology and Geological Interpretation
The property is within the Archean Superior Province and the eastern part of
volcano-plutonic rocks of the Opatica geological sub-province and located
around 8 km south of the metasedimentary rocks of the Opinaca sub-province
which hosted Newmont's Eleonore gold mine in La Grande Rivière region of
James Bay (3.8 million ounces Au) and 11 km north of the front of Proterozoic
Grenville province.
The Opatica sub-province has hosted several past-producing gold mines such as
Lac Troilus (produced 67.8 mt @ 1.06 g/t Au) and Eastmain mine (produced 0.94
mt @ 9.99 g/t Au) within volcano-plutonic rocks, as well as numerous gold
occurrences, published online at the Sigeom website (Natural Energy and
Resources of Québec).
Within the Winterhouse licence area, three geological formations have been
previously observed: 1) pillowed metabasalt and banded metachert of the
Soulard formation; 2) andesitic metavolcanic and metapyroclastic rocks, as
well as felsic rocks such as rhyolite flows and meta exhalite with silicate
and sulphide facies of the banded iron formation intruded by gabbro-diorite
sills of the Courcy formation; (3) hornblende-biotite-bearing leucotonalite,
locally pegmatitic, of the Atticoupi formation. Other geological units are
recognised in the area, such as biotite-garnet-bearing paragneiss,
metasandstone, conglomerate, peridotite and pyroxenite intrusions.
Competent Person's Statement
The information in this report, which relates to the KOTN (BWA) Winterhouse
Project is based upon, and fairly represents information collected and
compiled by Mr Lewis Harvey, MSc., Principal Consulting Geologist for Addison
Mining Services, who is a Member of the Australian Institute of Geoscientists.
The results were reviewed by Mr J.N. Hogg, MSc. MAIG, Principal Geologist and
CEO for Addison Mining Services and Non-executive Director of KOTN.
Mr Harvey and Mr Hogg have sufficient experience relevant to the style of
mineralisation, the type of deposit under consideration and to the activity
undertaken to qualify as a Competent Person as defined in the JORC Code 2012
edition of the Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves.
Mr Harvey and Mr Hogg have reviewed and verified the technical information
that forms the basis of and has been used in the preparation of this
announcement, including all sampling and analytical data, and analytical
techniques where applicable. Mr Harvey and Mr Hogg consent to the inclusion in
this announcement of the matters based on the information, in the form and
context in which it appears.
Forward-Looking Statement
This announcement contains forward-looking statements which involve a number
of risks and uncertainties. These forward-looking statements are expressed in
good faith and believed to have a reasonable basis. These statements reflect
current expectations, intentions or strategies regarding the future and
assumptions based on currently available information. Should one or more of
the risks or uncertainties materialise, or should underlying assumptions prove
incorrect, actual results may vary from the expectations, intentions and
strategies described in this announcement.
No obligation is assumed to update forward-looking statements if these
beliefs, opinions and estimates should change or to reflect other future
developments.
or contact:
BWA Group PLC James Butterfield Managing Director +44 (0)7770 225253 enquiries@bwagroupplc.com
Jonathan Wearing Chairman
Allenby Capital Limited Corporate Adviser Nick Harris/Lauren Wright +44 (0)20 3328 5656
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