STEADRIGHT PLANS VTEM SURVEY ON NICKEL- COPPER-COBALT RAM PROPERTY

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Huntsville, ONT., Jan. 30, 2023 (GLOBE NEWSWIRE) -- Steadright Critical Minerals (CSE: SCM) (“Steadright” or the “Company”) is pleased to announce plans for a Versatile Time Domain Electromagnetic (“VTEM”) airborne geophysical survey to be flown over the RAM Mineral claims, which will be conducted by Geotech Ltd. The VTEM survey will assist the Steadright’s exploration team in optimizing numerous drill ready targets on the ‘Main Block’ that has a strike length of over 9km and is open at depth”.

The entire RAM Project 9km strike length currently contains ‘drill ready’ targets based on the alignment of the magnetic, gravity, ground and airborne EM anomalies to date, associated with Nickel-Copper-Cobalt mineralization. The VTEM survey is designed to provide optimized and accurate drill targets relating to these conductive sources, locally over 500m wide and open at depth to over 10km. Resources Appalaches also identified a mineralized splay striking southwest along a significant structure, measuring 500mx500mx150m, located in the Southeast area of the ‘Main Block’, see Figure 1. Identifying targets of highest priority over such a large complex early will advance the project with greater efficiency.

Multiple showings across the complex from the “Inco” Grid (VALE) on the West to the Vachon showing on the east side indicate various styles of mineralization. The following excerpt from Geologie Quebec “Report on mineral exploration activities in Quebec” for 2001 indicates higher grade copper and associated precious metals identified by Ressources Appalaches on the East portion of the property. The results may indicate that the magmatic complex differentiated higher copper grades and precious metals to the eastern end of the complex, similar to VALE’s Coleman Mine in which the high-grade copper-precious metal deposits migrated into the footwall.

Ressources Appalaches and Marum Resources discovered PGE, Ni, and Cu showings 2 km east of the ‘Main Zone’ on the B-20 property (RAM) and North of the Vachon showing, where grab samples yielded high PGE grades (up to 2.5 g/t). The results reported by Ressources Appalaches reached 1.18 g/t PGE (Pt+Pd), 3% Cu, 1% Ni, and 0.27% Co. The PGE-rich zones are associated with EM conductors. The mineralized zone, taking into account the ‘Main Zone’ on B-20 (RAM), the Vachon showing, and the new showings, has a strike length of more than 4 km.