Beyond Minerals Inc. (CSE: BY) is pleased to announce that it has received final assay results for the drilling program at its 100% owned Fabie-Eastchester project located approximately 35 kilometres northwest of Rouyn-Noranda, in the province of Quebec. The drill program consisted of 627 meters drilled in 5 NQ holes on the Fabie block, covering an area of 833 hectares, one of three claim blocks making up the 1,388-hectare project.  Gold mineralization was encountered in narrow zones associated with strong silicification and quartz vein stockworks with hematitic selvages containing coarse pyrite and pyrrhotite.

Craig Gibson, President and CEO of the Company stated “This was a successful test of one target on the Fabie block.  The deposit concept was proven out with gold mineralization intersected below surface gold showings. The priorities for Beyond in 2023 are to further evaluate the potential of the Project as well as evaluating the possibility of acquiring additional projects.”

The goal of the drilling was to test gold mineralization below surface exposures at the Lac Fabie Nord showing that has been explored in historical work at the project.  The drill program was recommended in the Company’s technical report on the Project, dated August 31, 2021 (revised January 10, 2022) in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The holes were designed to test at depths of 50m and 100m vertically from surface on each of two sections 1200mE and 1300mE, and at -50m on section 1250mE.  The drilling was also designed to test chargeability anomaly IPF-8 from a historic IP survey.

The target is orogenic gold mineralization identified in surface showings and in the limited shallow drilling completed during historic exploration. Mineralization consists of narrow, gold-bearing quartz-carbonate veinlets in weakly sheared, Fabie pluton quartz-feldspar porphyry. Historic prospecting initially identified showings with 1.03 to 2.09 gpt Au, and several rounds of sampling and two shallow drill holes confirmed the presence of anomalous gold values. Sampling for the Technical Report confirmed the historical results with three of four grab samples assaying greater than 0.50 gpt Au up to a maximum of 3.19 gpt Au. An induced polarization-resistivity survey in 2017 detected chargeability anomalies in the area of mineralization.

Qualified Person and Third-Party Data

The drill program was supervised by Breakaway Exploration Management and drilling was conducted by Vortex Forage.  Drill sample assays were completed by Actlabs using 30 gram fire assay with an atomic absorption finish.  Internal control samples were utilized by the Company for QA/QC purposes.

The scientific and technical information in this press release has been reviewed and approved by Craig Gibson, Ph.D., P.Geo., President and CEO of the Company (the “Qualified Person“). Dr. Gibson is a “qualified person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

Certain information in this press release regarding the presence of mineral deposits and the size of such deposits is based on information that has been obtained from publicly available information and industry reports, which constitute historical estimates. Such reports generally state that the information contained therein has been obtained from sources believed to be reliable, but the accuracy or completeness of such information is not guaranteed. While the Company considers historical estimates to be relevant to investors, as they may indicate the presence of mineralization, the Qualified Person has not done sufficient work for the Company to classify the historical estimates as current “mineral resources” or “mineral reserves” (as defined in NI 43-101). The historical estimates contained in this press release were calculated prior to the implementation of NI 43-101 and the Company is not treating the historical estimates as current “mineral resources” or “mineral reserves”. The potential quantities and grades of exploration targets referenced in this press release are conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in any of the targets being delineated as a mineral resource. The Company has not independently verified and cannot guarantee the accuracy or completeness of the historical estimates and other third-party data contained in this press release and investors should use caution in placing reliance on such information.

About Beyond Minerals Inc.

Beyond Minerals Inc. is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada.  Its objective is to locate and develop economic precious and base metal properties of merit, starting with the exploration of its Fabie-Easterchester project and its recently acquired claims in the Borland Lake, Favourable Lake, and Gorman River areas of Northwestern Ontario. The Fabie-Easterchester project consists of 37 non-contiguous mining claims covering a total area of approximately 1,385 hectares located approximately 35 kilometres northwest of the City of Rouyn-Noranda, in the province of Quebec.