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By | March 12, 2020

(MENAFN- Newsfile Corp) Wedgemount Significantly Expands Chestnut – Gold Brand at Friendly Activity South Axial British Columbia

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Vancouver, British Columbia–(Newsfile Corp. – January 19, 2022) – Wedgemount Assets Corp. (CSE: WDGY) (‘ Wedgemount ‘ or the ‘ Aggregation ‘), is admiring to amend shareholders on after-effects to date on the Company’s Phase 1 2021 acreage appraisal affairs at the Friendly Lake copper-gold acreage (‘ Friendly ‘ or the ‘ Activity ‘) in south-central British Columbia. Friendly was the Company’s third copper-focused appraisal affairs of the 2021 appraisal season.

Highlights:

Mark Vanry, President & CEO of Wedgemount, commented, ‘We are aflame to assuredly accept our after-effects from our antecedent abatement 2021 appraisal affairs at Friendly. Appraisal after-effects authenticate the brand of copper-gold mineralization at the BOGG and RO breadth covers a abundant beyond breadth than celebrated after-effects indicated. Afterwards our 2021 program, assorted new cut blocks to the northwest of the BOGG breadth were logged which will accommodate absolutely new attainable areas to systematically analyze this year.’

Program Details

The 2021 acreage affairs consisted of prospecting, geological mapping, geochemical sampling and a LiDAR survey. A cardinal of bedrock samples and about-face dent samples were taken with the primary purpose to accretion an compassionate of the geological ambience and mineralization appearance on the property. Acreage assignment included an appraisal of accepted areas of mineralization to added ascertain their type, size, and potential; resampling of celebrated sample locations to validate celebrated appraisal data; locate, inspect, and arena accurateness antecedent IP anomalies, and audit admission roads, beck locations, and laydown areas for a planned IP appraisal and abeyant assignment program. Antecedence targets included BOGG, RO, WR07 and Lakeview showings.

Program Highlights:

Table of Cogent Results

*Wedgemount cautions readers that grab samples are careful in attributes and the consistent assays may not be adumbrative of all mineralization on the property

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Figure 1: Map of Friendly Acreage assuming locations of 2021 bedrock samplesTo appearance an added adaptation of Figure 1, amuse visit:

The Aggregation has affairs to complete targeted IP geophysical surveys in 2022 on the northwest trending beeline aisle amid the RO and BOGG showings (approximately 45 band kilometres) and on the ambition breadth abreast the Lakeview assuming at Deer Lake (approximately 20 band km); centered on a ample diorite advancing with borderline skarn-related chestnut showings.

Friendly Property

The year-round, alley accessible, 13,000-hectare Friendly activity is about 100 kilometers arctic of Kamloops, a association with a affluent mining and development history. Newgold Inc’s New Afton copper-gold abundance is 100 kilometers to the south of Friendly and Imperial Metals Mount Polly copper-gold abundance is 130 kilometers to the northwest. Antecedent appraisal on the Project, dating aback to the 1960’s, has included geological mapping, all-encompassing clay and rock-chip sampling, trenching, geochemical surveys, ground-based geophysics and bound bank drilling.

The Activity is underlain by arc-related agitable and volcaniclastic rocks of the Quesnel Terrane (Nicola Group) cut by Triassic-Jurassic intrusions capricious from syenite to diorite with associated porphyry and skarn-related chestnut and gold mineralization. The Activity comprises two key ambition areas; Friendly Lake and Deer Lake.

The BOGG occurrence, axial to the Friendly Lake target, comprises bounded zones of chalcopyrite-bornite anchored magmatic breccias associated with the margins of a northwest-elongated monzodiorite to syenite advancing circuitous (Friendly Lake complex). A grab sample from the BOGG accident by the B.C. Geological Appraisal yielded 3.4% chestnut (Schiarizza and Israel, 2001). The BOGG accident forms the northwest admeasurement of an about 7 kilometer northwest-trending aisle of boundless chestnut and multi-element clay geochemical anomalies locally ancillary with circuitous IP (induced polarization) chargeability anomalies authentic by antecedent surveys. Based on a basic accumulation of celebrated assignment data, alone six assignment holes with base greater than 200 meters accept activated for porphyry-related chestnut and gold mineralization forth this -to-be 7 kilometer corridor.

The Deer Lake ambition comprises abundant magnetite-chalcopyrite skarn occurrences (e.g., Lakeview) associated with the Deer Lake diorite. Celebrated assignment has authentic assorted ailing tested, multi-element clay and bedrock geochemical and ancillary geophysical anomalies (Gruenwald, 2010) brash aerial antecedence areas for abundant investigation.

Data Verification and National Instrument 43-101 Disclosure

Some abstracts appear in this account absolution apropos to sampling and conduct after-effects are actual in nature. Neither the Aggregation nor a Qualified Person, as authentic by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘ NI 43-101 ‘), accept absolute the data, and, therefore, investors should not abode disproportionate affirmation on such data. In some cases, the abstracts may be allegorical due to abridgement of assignment core. Mineralization hosted on adjoining and/or adjacent and/or geologically agnate backdrop is not necessarily apocalyptic of mineralization hosted on the Company’s property. The abstruse advice appear in this account absolution has been brash and accustomed by Ken MacDonald, P.Geo., a Qualified Person as authentic by NI 43-101.

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QA/QC

Rigorous acreage procedures were followed to ensure QA/QC measures, including commonly inserting Certified Advertence Materials including an adapted copper-gold advertence and a bare reference. All samples were alien to the ALS basic lab in Kamloops, BC, afterwards which the able samples were alien to the ALS analytic lab in Arctic Vancouver, BC for final processing.

Preparation: The alertness of bedrock samples was completed whereby samples were accomplished ashamed to 70% casual 2mm (CRU-31) followed by demography a breach sample application a riffle splitter (SPL-21) followed by pulverizing of the 250g breach to 85% casual 75 microns (PUL-31).

Analysis: geochemical appraisal of all samples activated the 4-acid assimilation followed by ultra-trace 48-element ICP-MS amalgamation (ME-MS61). The quantified multi-element concentrations are again appear by their corresponding unit. The apprehension ambit for chestnut was 0.2-10,000 ppm. The apprehension ambit for argent was 0.01-100 ppm. Gold was analyzed application blaze appraisal with AA accomplishment (Au-AA23). The apprehension absolute for gold was 0.005. Overlimit chestnut after-effects (>10,000) were added analyzed by 4-acid ore brand apprehension application ICP-AES (Cu-OG62).

ALS Labs additionally activated their own centralized QA/QC procedures by systematically inserting standards, blanks and duplicates into sample batches. Lab after-effects were evaluated to ensure they anesthetized the centralized requirements above-mentioned to absolution of the final analysis reports.

References

Gruenwald, W., 2010, Diamond conduct appraisal address on the Deer Lake Acreage Little Fort, British Columbia, Appraisal Address 31299, Appraisal Address Indexing System, aris.empr.gov.bc.ca, 62 p.

Schiarizza, P., and Israel, S., 2001, Geology and mineral occurrences of the Nehalliston Plateau, south-central British Columbia (92P/7, 8, 9, 10), Ministry of Energy and Mines, Paper 2001-1, pp. 1-30.

About Wedgemount Assets Corp .

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Wedgemount Assets is a inferior mineral appraisal aggregation focused on maximizing actor amount through the acquisition, analysis and advance of high-quality chestnut – gold projects in Arctic America.

On account of the Board of Directors,WEDGEMOUNT RESOURCES CORP.

Mark Vanry, President and CEO

For added information, amuse acquaintance the Aggregation at:Telephone: (604) 343-4743

Reader Advisory

This account absolution may accommodate statements which aggregate ‘forward-looking information’, including statements apropos the plans, intentions, behavior and accepted expectations of the Company, its directors, or its admiral with account to the approaching business activities of the Company. The words ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘plan’, ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’ and agnate expressions, as they chronicle to the Company, or its management, are brash to analyze such advanced statements. Advanced statements fabricated in this account absolution accommodate the Company’s affairs for appraisal of the acreage and advancing appraisal results. Investors are cautioned that any such advanced statements are not guarantees of approaching business activities and absorb risks and uncertainties, and that the Company’s approaching business activities may alter materially from those in the advanced statements as a aftereffect of assorted factors, including, but not bound to, availability of funds, cadre and added assets all-important to conduct appraisal programs, successes of the Company’s appraisal programs, availability of basic and costs and accepted economic, bazaar or business conditions. There can be no assurances that such advice will prove authentic and, therefore, readers are brash to await on their own appraisal of such uncertainties. The Aggregation does not accept any obligation to amend any advanced advice except as appropriate beneath the applicative balance laws.

This account absolution includes abstracts that has been acquired from third affair sources, including industry publications. The Aggregation believes that the industry abstracts is authentic and that its estimates and assumptions are reasonable, but there is no affirmation as to the accurateness or abyss of this data. Third affair sources about accompaniment that the advice independent therein has been acquired from sources believed to be reliable, but there is no affirmation as to the accurateness or abyss of included information. Although the abstracts is believed to be reliable, the Aggregation has not apart absolute any of the abstracts from third affair sources referred to in this account release.

Neither the Canadian Balance Exchange nor the Investment Industry Regulatory Organization of Canada accepts albatross for the capability or accurateness of this release.

To appearance the antecedent adaptation of this columnist release, amuse visit

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