Apogee Minerals Announces Acquisition of the May Lake Project Located in Saskatchewan, Canada
Vancouver, British Columbia, May 05, 2025 (GLOBE NEWSWIRE) — Apogee Minerals Ltd. ('Apogee' or the 'Company') (TSXV: APMI) is pleased to announce that it has acquired a 100% interest in two mineral claims comprising the May Lake Project, located in the La Ronge Belt of northern Saskatchewan. The claims were acquired from an arm's-length third-party for a total cash consideration of CAD $5,000. The two claims cover a total area of 4,502.2 hectares, situated approximately 240 kilometres north of the town of La Ronge. This acquisition marks a strategic addition to Apogee's growing land position in one of Saskatchewan's most prospective greenstone belts, which is known for its gold and base metal potential.
May Lake Property Location:
https://www.skyharbourltd.com/_resources/images/20250428-Location.jpg
May Lake Property Summary:
The May Lake Property lies at the boundary between the Rottenstone and La Ronge domains, host to a variety of deposit types including volcanogenic massive sulphide Cu-Zn-Pb orogenic gold and intrusion-hosted magmatic Ni-Cu deposits. The claims are underlain by interlayered, felsic, intermediate and mafic volcanics, as well as intermediate to felsic intrusives and metasediments. Several notable mineral occurrences are located on the claims. The most significant of these is a rusty andesite outcrop which returned up to 2090 ppm Cu (0.2%), along with anomalous Zn, gold and silver values. The property has not seen a great deal of exploration historically and significant potential for the discovery of volcanogenic massive sulphide Cu-Zn-Pb and orogenic gold mineralization exists on the property.
May Lake Geology:
https://www.skyharbourltd.com/_resources/images/20250428-May-Lake-Geology.jpg
Qualified Person:
Sean Cross, P.Geo., a 'qualified person' for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects and a Consulting Geologist, has prepared, reviewed, and approved the scientific and technical disclosure in this news release.
About Apogee Minerals Ltd.:
Apogee Minerals Ltd. is a mineral exploration company. Our goal is to build shareholder value through mineral project acquisitions and advancement, as well as new mineral discoveries.
To find out more about Apogee Minerals Ltd. (TSX-V: APMI) visit the Company's website:
www.apogeemineralsltd.com
Apogee Minerals Ltd.
'Tim Fernback'
Tim Fernback
Interim CEO and Director
For further information, please contact:
Apogee Minerals Ltd. Nicholas Coltura, Director
Email: [email protected]
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Statements Regarding Forward-Looking Information
This release includes certain statements that may be deemed to be 'forward-looking statements'. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedarplus.ca for further information.
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
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