Goat Industries Stakes Mining Claims Adjacent to Patriot Battery Metals and Li-FT Power in James Bay, QC

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VANCOUVER, British Columbia, March 29, 2023 (GLOBE NEWSWIRE) — Goat Industries Ltd., (the “Company or “GOAT”) (CSE: GOAT) has acquired, by Quebec Gestim on-line staking, 4 further claims adjoining to each Li-FT Power Ltd. and Patriot Battery Metals Inc.

GOAT Industries’ newly acquired floor is roughly 5 km southwest of the Pontax Lithium incidence, and roughly 3.5 km east of a Lithium incidence owned by Patriot Battery Metals. Other notable lithium occurrences within the space are the Cyr to the Northwest, Whabouchi – Lac Des Montagnes to the Southeast, and Rose – Pivet – LaMothe to the Northeast.

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These newly acquired claims brings GOAT Industries property portfolio to over 40 mapped Lithium occurrences in Quebec, comprised of each mineral exploration claims with historic Lithium values, in addition to claims in proximity to explorers equivalent to Patriot Battery Metals.

Recently, GOAT Industries accomplished an acquisition of the Lacana-Doran property, consisting of 1,925 hectares of land situated west of Aguanish, 100 kilometres east of Havre-Saint-Pierre and 320 kilometres east of Sept-Iles in Quebec, Canada. The Lacana-Doran property boasts an in depth quantity of historic work supported by technical stories, which predate present National Instrument 43-101 rules. It is GOAT’s thesis that modern-day exploration methodologies coupled with improved applied sciences might permit the Company to unlock further underlying worth.

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The Company plans to additional assess the Lacana-Doran historic stories utilizing third-party geological consultants. Subject to its findings, the Company might choose a professional exploration companion to advance Lacana-Doran property utilizing trendy exploration strategies.

Readers are cautioned that the presence of mineralization on claims in shut proximity to these held by the corporate isn’t essentially indicative of mineralization that will exist on claims held by the corporate.

Dr. Stewart A. Jackson, PGeo, is the corporate’s impartial certified particular person underneath National Instrument 43-101 — Standards of Disclosure for Mineral Projects and has reviewed and accredited the scientific and technical content material of this information launch.

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ABOUT GOAT INDUSTRIES

GOAT Industries is an funding issuer centered on investing in high-potential corporations and belongings working throughout quite a lot of sectors. The paramount aim of the Company will likely be to generate most returns from its investments.

CONTACT INFORMATION

GOAT Industries Ltd.
Investor Relations
Email: alex@goatindustries.co
Phone: 604-687-2038

The CSE has neither accredited nor disapproved the contents of this information launch. Neither the CSE nor its Market Regulator (as that time period is outlined within the insurance policies of the CSE) accepts duty for the adequacy or accuracy of this launch.

CAUTIONARY STATEMENT REGARDING “FORWARD-LOOKING” INFORMATION

This information launch comprises sure forward-looking statements inside the that means of such statements underneath relevant securities legislation, together with with respect to the completion of the acquisition of the Lacana-Doran Claim Block. Forward-looking statements are often characterised by phrases equivalent to “anticipates”, “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed”, “positioned” and different comparable phrases, or statements that sure occasions or circumstances “may” or “will” happen. The Company has offered the forward-looking statements in reliance on assumptions that it believes are affordable presently. All such forward-looking statements contain substantial identified and unknown dangers and uncertainties sure of that are past the Company’s management. Such dangers and uncertainties embody, with out limitation, assumptions, dangers and uncertainties related to basic financial circumstances; a rising rate of interest setting, adversarial business occasions; future legislative and regulatory developments within the mining sector; the Company’s capacity to entry ample capital from inner and exterior sources, and/or lack of ability to entry ample capital on favorable phrases; mining business and markets in Canada and usually; the power of the Company to implement its enterprise methods; competitors; and different assumptions, dangers and uncertainties.

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The reader is cautioned that the assumptions used within the preparation of the forward-looking statements might show to be incorrect and the precise outcomes, efficiency or achievements might differ materially from these expressed in, or implied by, these forward-looking statements. Accordingly, no assurances may be on condition that any of the occasions anticipated by the forward-looking statements will transpire or happen, or if any of them do, what advantages, together with the quantity of proceeds, the Company will derive therefrom. Readers are cautioned that the foregoing checklist of things isn’t exhaustive. The Company is underneath no obligation, and expressly disclaims any intention or obligation, to replace or revise any forward-looking statements, whether or not because of new info, future occasions or in any other case, besides as expressly required by relevant legislation.