GPM METALS PROVIDES AN UPDATE OF WALKER GOSSAN ZINC PROJECT

GPM Metals Inc. (TSXV:GPM) (the “Company” or “GPM”) provides an update to its Walker Gossan Project, Arnhem Land, Australia.
The Northern Land Council (“NLC”) has scheduled a community meeting the week of 13 May 2019 in Gapuwiyak, Arnhem Land in the Northern Territory in Australia, between the local Traditional Land Owners (“TLO’s”), GPM Metals’ management and the representatives of the Northern Land Council (NLC)..
At this meeting GPM Metals will be presenting their sampling and field program proposed for the Walker Gossan Project (the “Project”), principally Exploration Licence (EL) 24305, to the TLO’s and the NLC.
Upon review and approval of program, it is anticipated work will commence during June or July 2019.
The Project is the subject of farm-in and joint venture agreement between GPM (and its Australian subsidiary) and Rio Tinto Exploration Pty Limited(“RTX”) executed in January 2014, pursuant to which GPM can earn a 75% interest in the Project through meeting staged exploration expenditure requirements. The Project tenure is held by RTX with GPM acting as the operator and manager of exploration, community relations and title grant (see January 27, 2014 press release of the Company available on SEDAR at www.sedar.com).
Title Deed, Work Program and Exploration License (EL 24305) approval was granted in November 2015 by the NLC after a series of meetings and consultations with the TLO’s and GPM Metals in Numbulwar and Darwin.

The Project lies within one of the great metallogenic provinces of the world, the North Australian Zinc Province (NAZP); which currently provides 30% of the world zinc production from a number of significant silver, lead, zinc deposits; including the Mt. Isa, George Fisher, McArthur River and Century Mines.
The exploration target is a large, strata bound, sediment hosted lead – zinc deposit. Field work planned for 2019 will consist of geological mapping, geochemical sampling and prospecting with the view of identifying vectors towards the center of the mineralized system. To date GPM geologists believe they previously identified and drilled into the iron rich, siderite, outer halo to potentially a major mineralized stratabound Lead Zinc deposit.

About GPM Metals Inc.
GPM Metals is a zinc focused exploration company with offices in Toronto, Brisbane and Lima.
The Company’s current holdings include the district scale Walker Gossan Project, NT, Australia, a joint venture with Rio Tinto Exploration Pty Limited; and the 100% Claims interest in the Pasco Project, Department of Pasco, Peru.
Both projects are advanced exploration properties and have considerable potential to host significant zinc resources.
All scientific and technical information in this press release has been prepared under the supervision of Dan Noone, (Chairman of GPM), a “qualified person” within the meaning of National Instrument 43-101. Mr. Noone (B.Sc Geology, MBA) is a member of the Australian Institute of Geoscientists.
CONTACT INFORMATION
For further information contact:
GPM Metals Inc.
Peter Mullens, CEO
Suite 1101 – 141 Adelaide Street West,
Toronto, Ontario M5H 3L5
Telephone : + 416 628-5904
Email: [email protected]

 

GPM Metals Inc. Announces Grant of Options and Resignation of Director

December 13, 2018 (Toronto, Ontario):  GPM Metals Inc. (“GPM” or the “Company“) (TSXV:GPM) announces that it has granted effective December 12, 2018, an aggregate of 1,700,000 options to directors, officers and consultants of the Company with such options being exercisable at a price of $0.10 per share until December 12, 2021.

The options vest as to 25% immediately and 25% after 6, 12 and 18 months respectively from the date of grant.

The Company also announces that Mr. Alan Ferry has resigned as a director of GPM and wishes to thank Alan for his services to the Company over the past decade.

 

For further information contact:

GPM Metals Inc.

Peter Mullens, CEO

Suite 1101– 141 Adelaide Street West,

Toronto, Ontario M5H 3L5

Telephone : (416) 628-5904

Telefax : (416) 628-6835

Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy and / or accuracy of this release.

GPM Metals announces appointment of a new Chief Financial Officer

September 4, 2018 (Toronto, Ontario): GPM Metals announces that Paul Murphy will be stepping down as the Chief Financial Officer and Yajian Wang has been appointed to the position of CFO.

The board of directors and management expresses its appreciation to Mr. Murphy for his contribution to the Corporation and wish him well in all his endeavours.

About GPM Metals Inc.

GPM Metals is a zinc-focused exploration company with offices in Toronto, Brisbane, and Lima.

The Company’s current holdings include the district scale Walker Gossan Project, NT, Australia, a joint venture with Rio Tinto Exploration Pty Limited; and the Pasco Project, Department of Pasco, Peru.

Both projects are advanced exploration properties with drill ready targets and have considerable potential to host significant zinc resources.

CONTACT INFORMATION

For further information contact:
GPM Metals Inc.
Peter Mullens, CEO
Suite 1101– 141 Adelaide Street West,
Toronto, Ontario M5H 3L5
Telephone : (416) 628-5904
Telefax : (416) 628-6835
Email: [email protected]

 

 

 

 

 

GPM Metals Inc. Announces Closing of Private Placement to Raise $500,000

July 5, 2018 (Toronto, Ontario):  GPM Metals Inc. (“GPM” or the “Company“) (TSXV:GPM) is pleased to announce that it has closed its previously announced non-brokered private placement (the “Offering”), pursuant to which it has issued an aggregate of 10,000,000 units (“Units”) at a price of $0.05 per Unit to raise aggregate gross proceeds of $500,000.  Each Unit consists of one common share of the Company (a “Share”) and one-half of one share purchase warrant (each whole such share purchase warrant, a “Warrant”), with each such Warrant exercisable to acquire one additional Share at an exercise price of $0.10 for a period of 24 months from the closing of the Offering.  Insiders purchased an aggregate of 3,400,000 Units in the Offering.

All securities issued and issuable pursuant to the Offering are subject to a statutory hold period expiring November 6, 2018.  The Offering remains subject to the final approval of the TSX Venture Exchange.

For further information please contact:

Peter Mullens

Chief Executive Officer

(416) 628-5904

Email: [email protected] 

 

GPM Metals Inc. Announces Private Placement Financing

May 28, 2018 (Toronto, Ontario):  GPM Metals Inc. (“GPM” or the “Company“) (TSXV:GPM) is pleased to announce that it proposes to complete a non-brokered private placement (the “Offering”) pursuant to which it will issue up to 10,000,000 units (“Units”) at a price of $0.05 per Unit to raise aggregate gross proceeds of up to $500,000.  Each Unit shall consist of one common share of the Company (a “Share”) and one-half of one share purchase warrant (each whole share purchase warrant, a “Warrant”), with each such Warrant exercisable to acquire one additional Share at an exercise price of $0.10 for a period of 24 months from the closing of the Offering.  Insiders of the Company may subscribe for up to 8,000,000 Units in the Offering.

The Offering is currently scheduled to close on or about June 20, 2018 and remains subject to the receipt of all applicable regulatory approvals, including the approval of the TSX Venture Exchange.

For further information please contact:

Peter Mullens                                                   Michael Murphy

Chief Executive Officer                                      General Manager Canada

[email protected]                                          [email protected]

(416) 628-5904

Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

Forward-Looking Statements

Information set forth in this news release involves forward-looking statements under applicable securities laws. The forward-looking statements contained herein include, but are not limited to, the anticipated size and completion the Offering and the receipt of applicable regulatory approvals, and all such forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although the Company believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct and, accordingly, undue reliance should not be put on such forward-looking statements.  This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein.

GPM Metals Inc. announces a corporate update.

May 5, 2018 (Toronto, Ontario): GPM Metals Inc. (“GPM” or the “Company“) (TSXV:GPM) announces a corporate update.

Daniel Noone has been appointed as Chairman of the Company. Mr. Noone has been a director of the Company since 2008. Mr. Noone holds a B.Sc. (Graduate) in Geology and a M.B.A., and is the Vice-President, Exploration of Guyana Goldfields Inc., as well as a director and interim CEO of Sandy Lake Gold Inc.

Peter Mullens, the CEO and President of the Company, has been appointed as a director of the Company.

The Hon. Doug Lewis has resigned as a director of the Company. The Company thanks Mr. Lewis for his service as a director of GPM since 2011 and wishes him well in his future endeavours.

The Company is planning a small work program for the upcoming 2018 field season on the Walker Gossan Project in Australia, which will consist of soil sampling, prospecting and geological mapping. In addition, GPM technical personnel are reviewing previous work to investigate vectors to guide them towards potential future drilling.

The Company advises that its Annual & Special Meeting of Shareholders will be held on Tuesday, June 26, 2018 at 141 Adelaide Street West, Suite 1101, Toronto, Ontario at 11:00 a.m. (EDT). Shareholders are invited to attend the meeting to hear an update on the Company’s exploration plans for the next twelve months.

About GPM Metals Inc.

GPM Metals is a zinc focused exploration company with offices in Toronto, Brisbane and Lima.

The Company’s current holdings include the district scale Walker Gossan Project, NT, Australia, a joint venture with Rio Tinto Exploration Pty Limited; and the Pasco Project, Department of Pasco, Peru.

Both projects are advanced exploration properties with drill ready targets and have considerable potential to host significant zinc resource

CONTACT INFORMATION

For further information contact:
GPM Metals Inc.
Peter Mullens, CEO
Suite 1101– 141 Adelaide Street West,
Toronto, Ontario M5H 3L5
Telephone : (416) 628-5904
Telefax : (416) 628-6835
Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 Forward-Looking Statements

Information set forth in this news release involves forward-looking statements under applicable securities laws. The forward-looking statements contained herein include, but are not limited to, financings and transactions being pursued, and all such forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although the Company believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct and, accordingly, undue reliance should not be put on such forward-looking statements. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein.

We Seek Safe Harbour

 

GPM Metals Inc. Announces Closing of Private Placement to Raise $500,000

GPM Metals Inc. (“GPM” or the “Company”) (TSXV:GPM) is pleased to announce that it has closed its previously announced non-brokered private placement (the “Offering”), pursuant to which it has issued an aggregate of 10,000,000 units (“Units”) at a price of $0.05 per Unit to raise aggregate gross proceeds of $500,000. Each Unit consists of one common share of the Company (a “Share”) and one share purchase warrant (a “Warrant”), with each such Warrant exercisable to acquire one additional Share at an exercise price of $0.10 for a period of 24 months from the closing of the Offering. Insiders purchased an aggregate of 1,100,000 Units in the Offering.

All securities issued and issuable pursuant to the Offering are subject to a statutory hold period expiring June 24, 2018. The Offering remains subject to the final approval of the TSX Venture Exchange.

For further information please contact:

Peter J. Mullens
Chief Executive Officer
(416) 628-5904
Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy and / or accuracy of this release.

Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of GPM, including, but not limited to the failure to receive all final regulatory approvals, the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, dependence upon regulatory approvals, changes in the proposed use of proceeds of the Offering and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

GPM METALS ANNOUNCES THE APPOINTMENT OF PETER MULLENS AS CEO

February 14, 2018 (Toronto, Ontario): GPM Metals Inc. (“GPM” or the “Company“) (TSXV:GPM) announces the appointment of Mr. Peter Mullens as CEO of GPM Metals effective February 15, 2018.

Patrick Sheridan Jr. will be stepping down as CEO and will remain as a significant shareholder. The Company wishes to thank Mr. Sheridan for his leadership and contributions.

Mr. Mullens has been involved with the Walker Gossan Project in Australia since inception in 2010 and returns to GPM to focus on this world class zinc – lead exploration opportunity.

Mr. Mullens, in association with Greg Duncan and Dan Noone, was responsible for negotiating the Walker Gossan Earn In / Option Agreement between Rio Tinto Exploration and DPG Resources Australia Pty Ltd which was acquired by GPM and in conjunction with Mr. Duncan negotiating the historic land access agreement for EL 24305 in July, 2015.

GPM holds an interest in a substantial package of prospective exploration licences and applications in the Walker Trough in Eastern Arnhem Land. The Walker Gossan project is located within the Mid Proterozoic Mt Isa and McArthur River provinces of Northern Australia, which host a number of World Class Base Metal Mines including Mt Isa, Century, George Fisher and HYC. The Walker Gossan project is located within Arnhem Land and has received little exploration since the 1960’s. The project has the potential to host a world class Zinc Lead deposit.

Mr. Mullens has considerable experience in Pb and Zn exploration in the Northern Territory and Queensland having worked as a mine and exploration geologist at the George Fisher Zinc Mine in Mt. Isa, in addition to being engaged in regional exploration for sedex style Zn Pb deposits.

Mr. Mullens will manage all of GPMs activities in Australia as well as the company in Canada.

About GPM Metals Inc.

GPM Metals is a zinc focused exploration company with offices in Toronto, Brisbane and Lima.

The Company’s current holdings include the district scale Walker Gossan Project, NT, Australia, a joint venture with Rio Tinto Exploration Pty Limited; and the Pasco Project, Department of Pasco, Peru.

Both projects are advanced exploration properties with drill ready targets and have considerable potential to host significant zinc resources.

CONTACT INFORMATION

For further information contact: GPM Metals Inc. Peter Mullens, CEO Suite 1105 – 141 Adelaide Street West, Toronto, Ontario M5H 3L5 Telephone: (416) 628-5904 Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Information set forth in this news release involves forward-looking statements under applicable securities laws. The forward-looking statements contained herein include, but are not limited to, financings and transactions being pursued, and all such forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although the Company believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct and, accordingly, undue reliance should not be put on such forward-looking statements. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein.

We Seek Safe Harbour

GPM Metals Inc. Announces Private Placement Financing

January 12, 2018 (Toronto, Ontario):  GPM Metals Inc. (“GPM” or the “Company“) (TSXV:GPM) is pleased to announce that it proposes to complete a non-brokered private placement (the “Offering”) pursuant to which it will issue up to 10,000,000 units (“Units”) at a price of $0.05 per Unit to raise aggregate gross proceeds of up to $500,000.  Each Unit shall consist of one common share of the Company (a “Share”) and one share purchase warrant (a “Warrant”), with each such Warrant exercisable to acquire one additional Share at an exercise price of $0.10 for a period of 24 months from the closing of the Offering.  Insiders of the Company may subscribe for up to 8,000,000 Units in the Offering.

The Offering is currently scheduled to close on or about January 24, 2018 and remains subject to the receipt of all applicable regulatory approvals.

For further information please contact:

John Patrick Sheridan

Chief Executive Officer

(416) 628-5904

Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy and / or accuracy of this release.

Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of GPM, including, but not limited to the failure to complete the Offering as currently proposed or at all, the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, dependence upon regulatory approvals, and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

GPM Metals completes phase 1 reconnaissance diamond drilling at Pasco Zinc Project in Cerro de Pasco Province Peru.

Toronto – October 20, 2017 – GPM Metals Inc. (TSXV:GPM) (the “Company” or “GPM”)  announces that the company has completed an 8 hole, 2,000m diamond drill program at the Pasco Project in Central Peru.

Drilling was concentrated in the southern portion of the 4.5 km by 500m alteration system located on a major NW trending fault at the contact of the Pucara limestone and Mitu conglomerates.

Drilling encountered dolomitized, brecciated, quartz and carbonate vein stockworked limestones, with up to 10% sulphides and 10% carbon in veins and breccia matrix, over the entire length of the 8 holes. The holes were drilled over an area of 1.2km (N/S) and 400m (E/W).

Anomalous Ag, Pb, Zn and Cu mineralisation was intersected in all holes, but economic grades have yet to be encountered.

Drill hole locations, drill core photographs and assay tables are available at the company’s web site.

www.gpmmetals.ca/peru

Mineralisation and brecciation appears to increase in intensity to the north and adjacent to the Pucara Formation / Mitu Formation contact, suggesting that the basin margin structure that forms this contact is a main conduit for the mineralising fluids, possibly sourced from the Dacite Dome Complex to the north of area drilled.

Large volumes of carbon as vein and fracture fill deposited along with sulphides, suggests fluid mixing of hydrocarbons and metalliferous fluids. Preliminary petrology indicates two phases of mineralisation; Galena (Lead), Sphalerite (Zinc) mineralisation overprinted by a Tetrahedrite (Copper / Silver) event.

Drilling targeted the southern portion of a 4.25km by 500m alteration system with soils anomalous in Silver (20ppm to 152ppm), Lead (100ppm to 3.97%) and Zinc (1000ppm to 2.7%). A north-east trending glaciated valley separates the southern anomaly which is currently 1.2km by 500m and open to the south and the northern anomaly. A second phase drill program at the northern anomalous zone is being prioritized.

The Pasco Project is a district scale, greenfields, base metal discovery. These concessions had not been subjected to modern mineral exploration or drilling prior to the current program.

The 100% owned Pasco claims (6,300 hectares) are located in the Central Peruvian Zinc belt, approximately 30 Km NE of the Cerro de Pasco Mine and 35km N of the Votorantim / Pan American owned Shalipayco discovery

Walker Gossan Project, Arnhem Land, NT, Australia update

The Work Program Meeting for EL 24305 is to be held this year and cover 2017/2018 work programmes.

The application areas subject to the Rio Tinto Exploration agreement are being progressed with final meetings due in 2018.

About GPM Metals Inc.

GPM Metals is a zinc focused exploration company with offices in Toronto, Brisbane and Lima.

The Company’s current holdings include the district scale Walker Gossan Project, NT, Australia, a joint venture with Rio Tinto Exploration Pty Limited; and the 100% Claims interest in the Pasco Project, Department of Pasco, Peru.

Both projects are advanced exploration properties with drill ready targets and have considerable potential to host significant zinc resources.

All scientific and technical information in this press release has been prepared under the supervision of Dan Noone, (Vice President Exploration and a Director of GPM), a “qualified person” within the meaning of National Instrument 43-101. Mr. Noone (B.Sc Geology, MBA) is a member of the Australian Institute of Geoscientists.

CONTACT INFORMATION

For further information contact:
GPM Metals Inc.
Att: John Patrick Sheridan, CEO
Suite 1205 – 141 Adelaide Street West,
Toronto, Ontario M5H 3L5
Telephone : (416) 628-5904
Telefax : (416) 628-6835
Email: [email protected]

 

Forward Looking Statements

This news release contains certain forward-looking information and statements within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “may”, “might”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information and/or statements.  Forward-looking statements and/or information are based on a number of material factors, expectations and/or assumptions of GPM which have been used to develop such statements and/or information but which may prove to be incorrect. Although GPM believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements as GPM can give no assurance that such expectations will prove to be correct. In addition to other factors and assumptions which may be identified herein, assumptions have been made regarding, among other things: results from planned exploration and drilling activities; GPM’s future plans for operational expenditures; the accuracy of the interpretations of exploration and drilling activity results; availability of financing to fund current and future plans and expenditures; the impact of increasing competition; the general stability of the economic and political environment in which GPM has property interests; the general continuance of current industry conditions; aboriginal matters; the timely receipt of any required regulatory approvals; the ability of GPM to obtain qualified staff, equipment and/or services in a timely and cost efficient manner; the ability of the operator of each project in which GPM has property interests to operate in a safe, efficient and/or effective manner and to fulfill its respective obligations and current plans; future commodity prices; currency, exchange and/or interest rates; and the regulatory framework regarding royalties, taxes and/or environmental matters in the jurisdictions in which GPM has property interests. The forward-looking information and statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Such information and/or statements, including the assumptions made in respect thereof, involve known and unknown risks, uncertainties and other factors that may cause actual results and/or events to differ materially from those anticipated in such forward-looking information and/or statements including, without limitation: risks associated with the uncertainty of exploration results and estimates, currency fluctuations, the uncertainty of conducting operations under a foreign regime, exploration risk, the uncertainty of obtaining all applicable regulatory approvals, the availability of labour and/or equipment, the fluctuating prices of commodities, the availability of financing and GPM’s dependence on its management personnel, other participants in the property areas and/or certain other risks detailed from time-to-time in GPM’s public disclosure documents, (including, without limitation, those risks identified in this news release and GPM’s current management’s discussion and analysis). Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligations to publicly update and/or revise any of the included forward-looking statements, whether as a result of additional information, future events and/or otherwise, except as may be required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy and / or accuracy of this release