Waverley Acquires Lauder and Tin City Projects in British Columbia
TORONTO, April 13, 2021 (GLOBE NEWSWIRE) — Waverley Resources Ltd. (“Waverley”) is pleased to announce that it has acquired the Lauder copper-gold project located 40 km south of Kamloops in south-central British Columbia and the Tin City tungsten-silver-lead-zinc project located approximately 90 km north of Kaslo in south-eastern British Columbia.
The 867-hectare Lauder property is largely till covered and was acquired based on Geoscience BC data releases including an airborne gravity survey, historical soil geochemical mobile metal ion (“MMI”) results, as well as RGS data that indicates the potential for buried copper-gold mineralization in the area.
The 965-hectare Tin City property comprises an extensive amphibolite unit that host scheelite-bearing skarn lenses and horizons, as well as a number of reported historic mining shafts and several open cuts made on a sedimentary package hosting quartz veins with pyrite, pyrrhotite, sphalerite and galena. Work by Newmont Exploration of Canada Limited in 1984-85 included geochemical soil, silt and rock chip surveys, a magnetometer survey, trenching and 794 metres of diamond drilling in 13 holes. In 2008, Roca Mines Inc. drilled two additional drill holes into the amphibolite unit. During 2007 through 2009, Braveheart Resources Canada Inc. completed programs of prospecting and geochemical sampling in the area and in 2011 completed an airborne geophysical survey over a portion of the current Tin City property.
Both projects were acquired through an internal staking program and are 100% owned by Waverley.
The foregoing disclosure has been reviewed, compiled and is the responsibility of Richard A. Graham, P. Geol., a “qualified person” for the purpose of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
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Chief Executive Officer
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