VANCOUVER, BRITISH COLUMBIA–(Marketwired – July 12, 2016) – Group Ten Metals Inc. (TSX VENTURE:PGE)(FRANKFURT:5D31) (the “Company” or “Group Ten”) announces that it has been approved under the Junior Exploration Assistance Program sponsored by the Northern Ontario Heritage Fund Corporation and the Ontario Prospectors Association. The JEAP grant will provide Group Ten with a rebate of up to 33.33% on approved exploration expenses at the Black Lake-Drayton project, to a maximum of $100,000.
Group Ten CEO Michael Rowley commented, “The Ontario Prospectors Association and the Northern Ontario Heritage Fund Corporation have done great work in bringing back a grant program of this type. The high-grade targets on our Black Lake-Drayton gold project are fully permitted and the extra funding will allow us to accomplish significantly more in our work there.”
Drill targeting work announced March 7, 2016 proposed a 20-hole, 2,000-metre drill program to test high-grade mineralized shoots in the Moretti area of the Black Lake project which yielded historic bulk samples of 18.65g/t Au average in 4,087kg and 14.10g/t Au average in 8,069kg (historic data not independently verified by Group Ten). The project is situated 10 kilometres south of the town of Sioux Lookout beside First Mining Finance Corps’ Goldlund project (recently purchased from Tamaka Gold Corporation) and Treasury Metals’ Goliath project, both of which have significant high-grade gold resources. All three projects lie in the Abrams-Minnitaki greenstone belt northeast of New Gold’s advanced-stage Rainy River gold project.
An updated corporate presentation is available at http://grouptenmetals.com
About Group Ten Metals Inc.
Group Ten Metals Inc. is a mineral exploration company focused on exploration for deposits of gold, platinum group metals (PGM), nickel, and copper and in emerging districts with proven world-class potential. In addition to the high-grade Black Lake / Drayton gold project in northwest Ontario, the Company also controls a premier land position in the Kluane Ultramafic Belt in the southwest Yukon Territory where it adjoins Wellgreen Platinum Ltd’s Wellgreen deposit.
The technical contents of this release were reviewed by Dr. E. Max Baker, PhD, PGeo, project manager of the Drayton-Black Lake project and qualified person as defined by National Instrument 43-101. The property has not been the subject of a National Instrument 43-101 report, and Dr. Baker has not verified the technical data disclosed in this release.
On Behalf of the Board of Directors
GROUP TEN METALS INC.
Michael Rowley, President & Director
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.
Statements which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future.
It is important to note that actual outcomes and the Company’s actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental and technological factors that may affect the Company’s operations, markets, products and prices. Readers should refer to the risk disclosures outlined in the Company’s Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission.