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Vancouver, British Columbia – July 26, 2024 – Red Pony Exploration Ltd. (“Red Pony” or the “Company”) is pleased to announce it has developed a field plan for its upcoming 2024 exploration program on its wholly-owned Trout Lake Property (the “Trout Lake Property”), located in southeast British Columbia, Canada. The helicopter supported program is expected to be completed in August and will be comprised of surface rock sampling and channel sampling along the known mineralized Black Warrior, Centre, and Revelstoke Trends. Historic rock samples from the Black Warrior Trend include up to 6.00 g/t gold, up to 12,147 g/t silver, up to 19.7% lead, and up to 29.4% zinc. Historic rock samples from the Centre Trend include up to 29.83 g/t gold, and up to 339.0 g/t silver. Historic rock samples from the Revelstoke Trend include up to 474.5 g/t silver, up to 49.0% lead, and up to 15.73% zinc. These results come from historic reports on the Trout Lake Property, further information can be found in the Red Pony News Release dated September 24, 2021.
The proposed 2024 rock sampling will follow up on the historic sampling and will help determine the potential downtrend surface extents of the mineralized zones. Channel sampling on the main occurrences will help determine the average thickness and grade of the mineralized veins on surface.
Darcy Vis B.Sc., P.Geo., VP of Exploration for Red Pony Exploration, comments “The historic values collected on the Black Warrior, Centre, and Revelstoke Trends are extremely encouraging. The 2024 field program will help us confirm these historic values and will allow us to further define the width and extents of mineralization on surface. These results will also feed into our ongoing drill planning and will enable us to refine our drill targets.”
Notice of Work Update
The Company is working with the BC Ministry of Energy, Mines, and Low Carbon Innovation (“EMLI”) to obtain a multi-year area-based (“MYAB”) permit for up to 50 drill pads on the Trout Lake Property. The permit application is out for consultation and the Company is having ongoing discussions and engagement with local First Nations and other stakeholders.
Qualified Person
Robert A (Bob) Lane, M.Sc., P.Geo., a consultant and advisor to Red Pony and a Qualified Person as defined in National Instrument 43-101 –Standards of Disclosure for Mineral Projects, has reviewed and approved the technical information above in this news release.
About Red Pony Exploration
Red Pony Exploration is a privately held Vancouver-based mineral exploration company focused on the exploration and development of its Trout Lake Property, located in southeastern British Columbia, Canada. The Company is systematically modernizing more than 100 years of historic information, reviewing and prioritizing its pipeline of targets, and is in the application process for additional drilling permits on the Trout Lake Property.
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.