Fascinating technology

Update on Lucky Ben Project and Sidney Resources Corporation Technology Patents

COEUR D’ALENE, ID / ACCESSWIRE / April 26, 2022 / Sidney Resources Society (OTC PINK: SDRC) (“Sydney” or the “Company”) is pleased to announce that we have secured funding commitments to complete our 2022 exploration plans for the Lucky Ben project. In addition to this exciting funding achievement, we have received confirmation from the US Patent Office of our provisional patent application. This provisional patent covers our new technology designed to use commercial lasers in mining activities such as tunneling, stoping, construction of raises and drilling for various purposes.

The exploration plan for Lucky Ben was developed from data obtained during last season’s work, including the diamond drill program which proved the down-dip extension of the exposed vein along strike. Lucky Ben gallery by JA Czizek during work in the early 1900s. JA Czizek was considered the most scientific miner of his time.

Highlights from the 2021 diamond drill program included a major assay result of 23.58 g/t and the average assay result for the 6 holes drilled was 8 g/t, as reported by the company geologist, Richard Morris. Dan Hally, Vice President of Operations, used the following comparison to explain the significance of these assay results: “The World Gold Council defines a high quality underground mine as having a gold ore density between 8 and 10 g/t and we are satisfied with the results of our first diamond drill program”.

The exploration program was designed to confirm information uncovered during an extensive review of historical records which provided a wealth of information on previous production work carried out on the Lucky Ben. News articles from the historic Warren Times reported in 1868 that the Lucky Ben produced ore containing 5 to 18 ounces per ton. Historical exploration records from Goldstone Corporation, which completed exploration work on the Lucky Ben during the period 1983 to 1987, sampling of the condition of veins in trenches and dumps yielded assay values ​​ranging from 0.2 to 10.4 ounces per tonne of silver and from 0.1 to 13.05 ounces per tonne of gold. This converts to a range of 5.66 g/t to 294.83 g/t silver and 2.84 g/t to 369.96 g/t gold. During October 1983, backhoe trenching confirmed the extension of the vein to the east of the portal and exposed several old producing workings that had traversed the surface. Further sampling of the Lucy Ben gold-rich quartz vein system which was conducted near the access drift portal at the 6570 level revealed a 1.5 foot wide quartz vein grading 2.12 o /t gold or 60.10 g/t gold. The vein in quartz monzonite which is strongly altered over 2 to 3 feet on either side of the vein where it grades 0.056 o/t gold. These values ​​would therefore produce a weighted average grade of 0.57 o/t or 16.16 g/t over a mined width of 6 feet.

Groundhog Mining & Milling Company (the “Service provider”) will continue to open and explore the existing tunnel. A second diamond drilling program under previously mined stopes will be completed. An additional target of the diamond drill program is to intersect the Arlise mine vein which was a former gold and silver producer. Previous surface sampling of the exposed face of the Arlise Vein which was completed in 2018 returned assay results ranging from 18.14 g/pt to 19.65 g/pt for gold and 150. 25 g/pt to 212.65 oz/pt for silver.

Our contractor has purchased narrow bucket mucking machines which will allow the exploration of the existing tunnel to be carried out with much less effort and expense with a reduction in the width of the tunnel being rehabilitated. We plan to construct and secure the new access drift and then complete the drift work directly over the vein structure that we identified through our diamond drill program completed last year. Our contractor is preparing his mobile assay lab to be moved on site so that we can perform daily testing for each round we fire to determine gold values. We identified the area for our contractor to locate his portable crusher. Our contractor is in the process of finalizing permit applications for the use of this equipment. We will have the ability to process development rock in bulk samples to better determine the values ​​of this ore body and others as they are identified.

We have been advised by the US Forest Service, McCall Ranger District, that our permit application for the new access road has been approved for completion of environmental assessment work. Once we receive final approval, we will plan to start construction as soon as possible depending on the time of year that approval will be obtained. The McCall Ranger District will issue the Conditional Use Permit for the existing roads we use for our operations. We plan to move the equipment to Warren and start work around June 1st. If the US Forest Service and Idaho County open the summit before June 1st, we will move in as soon as road conditions permit.

Our provisional patent application relates to a method and apparatus based on the use of a commercial laser, to thermally fracture or melt and/or vaporize geologic materials normally found in precious metal mining operations. Our engineering team designed a unit configured so that a variety of specialist laser pointing devices and their inherent custom software control are interchangeable for use in various operations such as tunneling, facility preparation explosives, safety bolting operations, drifting, raise expansion. and operation of zones and worksites. Additional use is for any need to cut/smash/chip any geological material in areas such as trenching, foundations, road or dam construction and rescue operations. Our team continues to explore uses in a wide range of locations.

We are working with IPG Photonics to finalize testing of the device and have submitted an additional RFP for component fabrication at Raytheon ELCAN for the test prototype.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements regarding the beliefs and expectations of Sidney Resources Corporation’s Finance, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. These factors include, but are not limited to, (i) gold and silver market volatility, (ii) local and global economic conditions, (iii) our anticipated growth strategies, (iv) governmental approvals and regulations; and (vi) our future business development, results of operations and financial condition. In some instances, forward-looking statements may be identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “target”, “aim”, “estimate”, ” intends”, “plans”, “believes”, “potential”, “continues”, “is/are likely to” or other similar expressions. All information provided in this press release is as of the date of this press release, and Melco Resorts Finance undertakes no obligation to update this information, except as required by applicable law.

For more information on this article or Sidney Resources Corporation, please contact Dan Hally, Vice President of Operations, at 509-552-9858 or [email protected] Please visit our website at www.sidneyresourcescorporation.com for updates and news.

THE SOURCE: Sydney Resources Corp.

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