79North Drilling extends recent discoveries in the Witlage Gold Zone to strike lengths of more than one kilometer. Canadian Business Journal

TORONTO, Oct. 24, 2022 (GLOBE NEWSWIRE) — 79North Inc. (CSE: JQ; OTCQB: SVNTF; FRA: 6120) (“79North” or the “Company”) is delighted with the results of 16 diamond drill holes report. A total of 1,477 meters were drilled at the Nassau Gold project in Suriname. Results of the first five of his drill holes (NP-22-01 through NP-22-05; drilling a total of 504 meters) were previously reported on June 27, 2022. 1 and 2). The best drilled intersection was hole NP-22-16 intersected with 0.57 grams of gold per ton over 13.50 meters.

President and CEO John North commented: Using the valuable information gleaned from this drilling campaign, we will continue to identify and test gold targets on site, track the results of these drills in this area, and track the progress of undrilled targets. We are planning to pursue the pipeline.

drill hole	from meters	to meters	intercept m	gram/ton	comment
NP-22-01					Whitrage Zone, NSV
NP-22-02	40.5	43.50	3.00	0.52	Witlage zone, a sheared felsic volcano with quartz veins
NP-22-03	67.50	69.40	1.90	0.56	Witlage zone, silicified felsic volcano, quartz vein stockwork, 0.5% sporadic pyrite
	82.00	85.00	3.00	0.80	Witlage zone above
NP-22-04	14.50	15.50	1.00	0.70	Witlage zone, fine-grained purple saprolite with small quartz veinlets
	40.50	41.00	0.50	1.41	Witlage zone above
	43.00	44.00	1.00	0.60	Witlage zone above
	39.00	52.50	13.50	0.54	Witlage zone above
include	50.70	52.50	1.80	2.86	Witlage zone above
NP-22-05	57.00	70.50	13.50	0.50	Witlage Zone, Witlage Shear Zone quartz vein stockwork
NP-22-06	72.00	79.00	7.00	0.55	Witlage Zone, mudstone containing iron oxide burns
NP-22-07					Whitrage Zone, NSV
NP-22-08					Whitrage Zone, NSV
NP-22-09	67.00	71.00	4.00	0.56	Witlage zone, sheared mudstone with minor quartz veins and seeded pyrite
	76.80	78.10	1.30	0.70	Witlage zone above
NP-22-10					Whitrage Zone, NSV
NP-22-11	66.00	67.00	1.00	3.56	Ziti occurrence, mudstone with few quartz-pyrite veinlets
	83.50	87.00	3.50	0.81	Ziti Occurrence, sheared sandstone with 1% pyrite box structure
NP-22-12					Ziti occurrence, NSV
NP-22-13					Filini occurrence, NSV
NP-22-14					Witlage Zone, Abandoned Hole
NP-22-15	3.00	4.00	1.00	1.51	Witlage zone, pisolic clay
	64.50	66.00	1.50	1.06	Witlage Zone, saprock with some quartz veins with pyrite boxwork
NP-22-16	18.0	31.5	13.50	0.57	Witlage zone, sheared conglomerate quartz vein stockwork
	39.00	39.50	0.50	1.84	Witlage zone, sandstone with 0.5% interspersed pyrite

NOTE: For drilling analyzes above 0.5 grams of gold per ton reported, the drilling intercept is the core length and may not be the true width. NSV means no significant intercepts.

In the context of these sample grades, the grade at the Newmont Merian mine, 20 kilometers northeast of the Nassau property, is approximately 1.2 grams of gold per tonne.

About 79 North Inc.
79North is led by a team with extensive mineral exploration expertise and a proven track record of discoveries and exits in South America and around the world. 79North’s growing portfolio of high quality targets that have not undergone modern exploration or drilling have a long history of artisanal mining and are strategically located near modern gold mines operated by major mining companies. are placed. 79North is a mineral exploration company focused on the acquisition, exploration and development of assets for the extraction of gold and other minerals. 79North owns 107,347,241 shares of common stock outstanding and 154,499,276 shares of common stock on a fully diluted basis.

For more information, see 79North’s technical report entitled “NI-43-101 TECHNICAL REPORT – NASSAU GOLD EXPLORATION PROJECT, SIPALIWINI DISTRICT, SURINAME SOUTH AMERICA,” dated May 14, 2020. A technical report is available at www.SEDAR.com under the SEDAR profile for 79North.

Further information
For more information, please visit www.79North.ca or contact us at:John North, President and Chief Executive Officer
Phone: (416) 786-6348
Email: [email protected]

Analysis and QA/QC
Drill cores (nominal NTW diameter) were transported from the drill rig to the field camp by ATV and cut in half with a core saw equipped with a diamond blade. Half-core samples, typically 1.0–1.5 m in length, were placed in plastic sample bags with waterproof assay tags, and the bags were sealed with single-use cable ties. At a time, he put five core samples into rice bags and sealed them with disposable zip ties. Samples were safely stored under constant supervision until they were shipped to the Actlabs sample prep lab in Paramaribo by company vehicle or lab transport vehicle, maintaining a chain of custody from the company’s drill camp to the sample prep lab. rice field.

Drill core samples were analyzed by Actlabs Guyana Inc. Sample pretreatment was done by code RX1, 80% of the sample passed through a 2 mm screen and 95% of the milled 250 g aliquots passed through a 105 micron screen. A 50 g assay charge of pulp was assayed by 1A2-50, a fire assay for AA finishes. Samples that exceeded the limit (>3 ppm Au) were re-assayed by gravimetric finish fire assay. Samples with suspected visible gold were prepared by code RX-1000. Code RX-1000 grinds the whole sample and 1,000 g splits are sieved through a 100 micron screen. The total + fraction was analyzed by the gravimetric finish fire assay and the 50 charges of the minus fraction was analyzed by the AA finish fire assay. The weighted average of the two assays is reported as the sample gold concentration. A certified reference material of known gold concentration was inserted into every 25 samples, and at least one sterile quartz sand blank was inserted into every 100 samples to test for laboratory contamination.

qualified person
Mr. Jon North, P.Geo. Registered Professional Geoscientists Ontario is a qualified person as defined by the Canadian Securities National Instrument 43-101 Standards for Disclosure for the Nassau Project. Mr. North is the President, CEO and Chairman of 79North. He has reviewed and approved the disclosure of the scientific and technical information contained in this press release.

Cautionary Note Regarding Forward-Looking Statements
This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”), including information about the exploration program at the Nassau Gold Project. ) is included. All statements other than statements of historical fact are forward-looking statements and are based on expectations, estimates and projections as of the date of this news release. Statements containing projections, expectations, beliefs, plans, projections, objectives, assumptions, future events, or discussions of performance (constant use of phrases such as “expect,” “do not expect,” “expect,” etc.) , “anticipate” or “unexpected”, “plan”, “budget”, “plan”, “estimate”, “estimate”, “believe” or “intend”, or any such words or variations of phrases, or stating a particular action, an event or outcome “could” or “could”, “could”, “could”, or “could” are considered to occur or be achieved) may be forward-looking statements rather than statements of historical fact. Forward-looking statements, while believed to be reasonable, involve known and unknown risks, uncertainties and actual results or future events that may not be expressed or implied by such statements. It is necessarily based on a number of estimates and assumptions that are subject to other factors that may be of different cause. Forward-Looking Statements. Such factors include, but are not limited to, general business, economic, competitive, political and social uncertainties, including those related to Covid-19. delay or failure to obtain board, shareholder or regulatory approval; There can be no assurance that such statements will prove to be accurate, as actual results or future events could differ materially from those anticipated by such statements. You should not place undue reliance on the forward-looking statements and information contained in the news releases. Except as required by law, 79North undertakes no obligation to update any forward-looking statements if their beliefs, opinions, projections or other factors change, except as required by law. Shall not.

Exhibit 1. Geology and LiDAR map of the Witlage Gold Zone, including drill holes.

Exhibit 2. Geologic and LiDAR maps with drill holes at the Ziti and Felini targets.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/4807a7bf-9f01-408c-9db0-3d28bbc7db97

https://www.globenewswire.com/NewsRoom/AttachmentNg/653c5396-5760-41b1-8745-04afba50f2be

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