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Tag: CMC Metals Ltd.

Red Cloud | redcloudfs.com

Red Cloud’s 2022 Very Pre-PDAC Mining Showcase – Day Three Recap

Last Friday, Red Cloud hosted the third and final day of its Very Pre-PDAC Mining Showcase, which featured 39 presenting companies including a keynote speech by Joe Mazumdar, Editor/Analyst and Publisher of Exploration Insights and had over 1,750 participants registered in advance of the event. With this note, we want to provide a quick recap of the highlights from the conference for those who were unable to attend the live event. Replays are available on the Red Cloud website.

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Red Cloud | redcloudfs.com

CMC Metals Ltd. (TSXV:CMB) – Changing Tactics at Silver Hart to Target CRD-style Deposits

CMC Metals has completed a detailed interpretation of a SkyTEM airborne geophysical survey at its flagship Silver Hart project in the Yukon. Results from the interpretation recommended the drill testing of targets T-1 and T-4. With exploration efforts evolving to focus on these new targets in order to test potential, large, Carbonate Replacement Deposit (CRD) systems, we believe CMC has the opportunity to materially grow the existing inferred resource base of 7.5M oz AgEq at the project.

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Red Cloud | redcloudfs.com

CMC Metals Ltd. (TSXV:CMB) – Drilling Intercepts +4,900 g/t AgEq Over 2.3m at Silver Hart

CMC Metals announced high-grade drilling results from the 19-hole (2,100m) drilling program completed at its flagship Silver Hart project in the Yukon. We view these results positively as they have returned multiple intersections of high-grade Ag-Pb-Zn and have extended the TM West vein structure at the Main zone by 360m. Although we have yet to see drill hole locations associated with these new assays, we would expect continued high-grade AgEq intercepts to translate positively into resource growth either through vein extensions or delineation of higher-grade zones. We believe ongoing positive drill results should continue to re-rate the stock, which closed +53% on the back of these results.

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