Voyager Metals Reports Additional Assay Results From Its 2021 Infill Drill Program - Seite 2

Assay Results

Table 1 below presents the assay results for an additional 5 drill holes. We continue to await the results for a further 32 holes of various lengths. As per the first five holes reported on October 7, 2021, visual examination and magnetic testing (MPP) of the drill core continues to support the intersection of mineralized material as generally predicted by the resource outline in 2020. We note there has been a significant back log at the assay labs that has that continues to result in slower than planned turnaround of results. We currently have 1,237 samples assayed and 1,706 awaiting assays at the lab for a total of 2,943 samples delivered to the lab. This backlog is now in the process of being cleared and additional assays are expected to be delivered in the near future. Work on completing the Davis Tube Test results to confirm concentrate grades for both iron and vanadium is also expected to commence shortly. We continue to expect to be in a position to present an updated NI 43-101 resource reports in Q1/22 to backstop the Bankable Feasibility Study.

The additional holes reported in Table 1 are located deep in the middle of the target area of the program in the North Zone. The length of intersections in the iron formation averages 208.8 meters (about 150 meters true thickness) and grades average of 27.4% Magnetite (Fe3O4). That is in line with previous results of drilling in 2018 and 2020 referred to in previous News Releases.

Table 1 Assay Results of 5 drill holes of the 2021 Drill Program (all Assays are in %)

Foto: Accesswire

Figure 1: 2021 Drill Location Map

Foto: Accesswire

Qualified Persons Statements

The technical information contained in this news release has been reviewed and approved by Pierre-Jean Lafleur, P.Eng. (OIQ), who is a Qualified Person with respect to the Company's Mont Sorcier Project as defined under National Instrument 43-101.

About Voyager Metals Inc.

Voyager Metals Inc is a mineral exploration company headquartered in Toronto, Canada. The Company is focused on advancing its Mont Sorcier, Vanadium-rich, Magnetite Iron Ore Project, in Chibougamau, Quebec. As reported in the compliant NI 43-101 Technical Report - Mineral Resource Estimate of the Mont Sorcier Project, Province of Quebec, Canada completed by CSA Global and dated June 25, 2021, the South Zone contains 113.5 Mt Indicated mineral resources at 30.9% Magnetite and 144 Mt Inferred resources at 24.9% Magnetite and the North Zone has 809.1 Mt inferred mineral resources at 34.2% Magnetite.