Vancouver, British Columbia – January 13, 2020 – Lake Winn Resources Corp. (“Lake Winn” or the “Company”) (TSXV: LWR) (OTC: EQTXF) is pleased to announce that it has commenced its 2021 drill program on the Cloud Project, located in the Flin Flon Gold Belt, Manitoba. This program follows up on the 406 metres drilled in two holes during 2020.
The first drill hole CP-2021-01 is targeting the eastern portion of the Bachnick Gold zone. The previous two holes drilled in 2020 targeted the western portion of the Bachnick zone, CP-2020-01, and IP chargeability high, CP-2020-02. Both of these holes have been sampled and the samples have been delivered to the laboratory for assay.
Drill hole CP-2020-01 has been sampled at 1 meter intervals for the entire hole and samples are being sent to the TSL labs in Saskatoon, Saskatchewan for assaying.
Figure 1 shows the location of these drill holes and table one gives location and orientation information for each hole.
Lake Winn plans at to complete a minimum 2000m program on the Cloud project testing the Bachnick Gold Zone and associated geophysical targets with the option to expand to follow-up encouraging results.
Drill Hole Information
| Drill Hole | Easting | Northing | Bearing | Dip | Total Depth (m) | Comments |
|---|---|---|---|---|---|---|
| CP-2020-01 | 342400 | 6083525 | 345° | -50° | 200 | In lab – assays awaited |
| CP-2020-02 | 342660 | 6083530 | 345° | -50° | 208 | In lab – assays awaited |
| CP-2021-01 | 342730 | 6083636 | 345° | -50° | —– | Drilling commenced |
Coordinates: UTM NAD83 Zone 14
Qualified Person
The Qualified Person for this news release is Buddy Doyle, AUSIMM, a geologist with over 30 years of experience in mineral exploration, discovery, and evaluation. Mr. Doyle is a Qualified Person under the provisions of National Instrument 43-101.
About Lake Winn
Lake Winn Resources Corp. is a Vancouver-based gold company listed on the TSX Venture Exchange (Symbol: LWR), focused on the exploration and development of gold projects in Canada. The Company’s flagship property, the Cloud Project, is located in the Flin Flon Gold Belt of Manitoba, approximately 40 kilometres northeast of the town of Flin Flon. The project is accessible via Manitoba Highway 10 and the all-weather Kississing Lake Road. The Company is currently conducting a diamond drill program on the property.
On Behalf of the Board of Directors of Lake Winn Resources Corp.
Patrick Power, President & CEO
+1 (604) 218-8772
www.lakewinnresources.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
