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SYH: TSX.V   $0.39 (-2.50%)
OTCQX: SYHBF  $0.28 (-1.73%)
SC1P: FRA   $0.24 (-2.50%)

Rapids

Figure 1

Project Summary:

The Rapids Project consists of four non-contiguous mineral claims totalling 15,561.2 hectares in northern Saskatchewan. Portions of the property lie in the immediate vicinity of the town of Stony Rapids, with the furthest corners of the project located up to approximately 26 kilometres away.

The property lies along the trend of the Snowbird Tectonic Zone and is underlain by rocks of the Tantato Domain, comprising highly folded granulite- to upper amphibolite-facies metamorphosed sedimentary and volcanic rocks together with granitoids. The eastern portion of the project is also underlain by northeast-trending cataclastic and mylonitic rocks.

Only two diamond drill holes have been completed on the property, both drilled by Pure Nickel Inc. in 2007 as part of its Axis Lake Project targeting magmatic nickel-copper sulphide mineralization hosted within norite sills. The surrounding area has historically been explored for uranium by companies including SMDC-Eldorado Nuclear Ltd., CanAlaska Uranium, UEX Corp., ALX Corp., Purepoint Uranium Group Inc., and JNR Resources Inc. The project remains at an early-stage level of exploration, with limited modern geophysical coverage on the property itself, although the surrounding area has been the focus of exploration between 2005 and 2021. The westernmost claim was formerly part of UEX’s Axis Project and has been explored through geological mapping, prospecting, portable scintillometer surveys, and XRF analysis. The two westernmost claims have the most recent geophysical coverage, including a 2006 ground UTEM survey completed around MacDonald Point and 1,603 line-km of helicopter-borne VTEM flown by Geotech Ltd. in 2005 on behalf of Pure Nickel Inc.

Contact Nicholas Coltura for more details: ncoltura@sentinelmarket.com

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