December 06, 2019: Vancouver, BC Canada-International Samuel Exploration Corp. (TSX- V: ISS) (the “Company”) is pleased to announce plans to sell its 100% percent interest in its owned LGM Property.

International Samuel Exploration Corp. plans to sell its 100-per-cent interest in its LGM property to focus its resources on its Williams gold-copper property. Accordingly, the company has entered into an arm’s-length agreement with a private company pursuant to which the purchaser can acquire a 100-per-cent undivided interest in the LGM property in consideration for $50,000 in cash payments over 90 days and the issuance of one million shares of the purchaser. In certain circumstances, the company may return the shares to the purchaser for $100,000. The sale of the LGM properties takes away the company’s obligation to spend $600,000 in 2020 to keep the property in good standing.

Conrad Swanson, president and chief executive officer of International Samuel Exploration, stated, “This is an excellent move for ISS as we can now focus our efforts on the fully permitted Williams gold-copper property.”

The Williams gold property hosts three large exploration targets, the T-Bill prospect, which is prospective for mesothermal-style gold mineralization, the GIC porphyry prospect, which is prospective for porphyry copper-gold-molybdenum-style mineralization, and the expansive Gossan zone.

The T-Bill bulk-tonnage gold prospect is underlain by Devonian to Permian metavolcanic rocks, which have been altered to carbonate-muscovite-quartz schist associated with gold mineralization. This alteration is confined to the core of a north-easterly trending structural dome and is controlled both by foliation and by steep crosscutting structures. Gold-rich quartz- arsenopyrite veins, locally with visible gold, are broadly co-spatial with the carbonate-muscovite alteration. Eleven gold veins were intersected when the bulk of the exploration was done in the early 1980s when there was limited access.

  • Hole 83-2 interested 35.0 grams per tonne over two metres and 7.2 grams per tonne over four metres.
  • Hole 84-8 intersected 24.8 g/t over two m.
  • Hole 2010-3 intersected 7.7 g/t over two m and 19.9 g/t over 1.4 m.

Please go to the company’s website for a complete list of historical intersections.

The Williams property is located halfway between the Red Chris mine and the Kemess North mine. The Williams property is on trend with the Lawyers mines currently being explored by Benchmark Metals Inc.

The GIC porphyry prospect is north of the T-Bill prospect and occurs as a 500-by-1,400-metre copper- and gold-in-soil geochemical anomaly that partially overlaps a 600-by-1,800-metre zone of high chargeability and moderate to high resistivity. Several gold-bearing rock samples have been taken from within the copper-gold soil geochemical anomaly on the northern edge of the induced polarization anomaly. Five samples contained 1,280 to 4,740 parts per billion gold, with

84 to 1,045 parts per million copper. A chip sample from one of the rare outcrops on the southern flank of the IP anomaly returned 2,200 ppm copper and 220 ppb gold across 3.73 metres.

The Gossan zone is a zone with numerous gossans over a 1.5-to-2.0-kilometre strike length that have elevated copper geochem values associated with a strong magnetic high. This Gossan zone represents further untested potential on the Williams property.

Technical disclosure in this news release has been reviewed and approved by International Samuel Exploration’s vice-president of exploration, Derrick Strickland, P. Geo, a qualified person as defined by National Instrument 43-101.

The company also announces that TSX Venture Exchange has approved the consolidation of its common shares on a one-for-10 basis. The consolidation will take effect Dec. 11, 2019. Assuming no other change in the issued capital of the company, it is expected that upon completion of this consolidation, the company will have approximately 5,082,865 common shares issued and outstanding, reduced from 50,828,653, which are currently issued and outstanding. At the opening of trading on Dec. 11, 2019, the Cusip number of the company will change to 46027W507; however, the company’s name and trading symbol will remain the same. The company’s outstanding options and warrants will also be adjusted on the same basis (one for 10) as the common shares, with proportionate adjustments being made to exercise price. No fractional common shares will be issued, and no cash will be paid in lieu of fractional, postconsolidation common shares, options or warrants. The number of postconsolidation common shares to be received by a shareholder will be rounded down to the nearest whole common share (less than one-half of a share will be cancelled, and more than one-half of a share will be changed to one whole share). A letter of transmittal will be mailed to all registered shareholders with instructions on how to exchange existing share certificate(s) for new share certificate(s). Additional copies of the letter of transmittal can be obtained through Computershare Investor Services Inc. Until surrendered, each certificate formerly representing common shares of the company will be deemed for all purposes to represent the number of common shares to which the holder thereof is entitled as a result of the consolidation.

We seek Safe Harbor.

Technical disclosure in this news release has been reviewed and approved by International Samuel Exploration Corp.’s Vice President of Exploration, Derrick Strickland P. Geo., a Qualified Person as defined by National Instrument 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS

“Conrad Swanson”                                                    

Conrad Swanson

Chairman

For further information, please contact: International Samuel Exploration Corp. Telephone: 604-317-3090

Email: international@samuelexploration.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

Certain statements in this news release constitute “forward-looking” statements. These statements relate to future events or the Company’s future performance. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

January 28, 2019: Vancouver, BC Canada – International Samuel Exploration Corp. (TSX-V: ISS) (the “Company”) announces that is has received the results from the maiden 2018 drilling at the Lucifer zone, on the LGM property in the prolific Golden Triangle.

Conrad Swanson, President of International Samuel, stated “The results from our maiden program are encouraging. I am sure that Samuel is on the edge of a substantial system. There are numerous indications of a pervasive mineralized system in the area including Voigtberg, Hank, Grizzly and Lucifer showings. There is a massive 3-kilometre sericite–illite anomaly on the property, associated with geochemical anomalies. Our 2018 drill program has only scratched the surface.”

A total of three shallow exploratory diamond drill holes were completed, for a total of 508 metres, from a single drill pad (407105E, 6328522N). The drill program was design to test the geophysical survey induced polarization (IP) anomalies and coincident anomalous gold in soils results. See table below for assay results.

DDH Dip AZ Total Depth m From m To m Length m Au ppb Ag ppm Cu ppm Mo ppm Co ppm

LGM18-01 -90 213 43.5 44.5 1.0 716 0.3 100,0 4.0 21.1

LGM18-02 -45 280 178 14.0 15.0 1.0 1250 0.4 49.0 4.0 20.1

LGM18-02 -45 280 178 100.0 114.0 14.0 300 < 0.2 45.5 2.7 10.2

LGM18-02 -45 280 178 122.0 123.0 1.0 1210 < 0.2 34.0 7.0 13

True widths are unknown at this time, lengths (m) are the lengths of drill core sampled

All drill core from the 2018 program at LGM Property was handled in a manner consistent with industry best practice standards by International Samuel Exploration Corp. All samples were subjected to a quality control procedure that ensured best practices in the handling, sampling, analysis and storage of the drill core. In this case, the procedure consisted of inserting blanks, and duplicates at a rate of one for every 10 samples, on a randomized basis. Each of the 360 individual samples typically represent 1 metre in drill core length. Half of the drill core is stored in core racks on the property for verification and reference purposes. While the other half of the core is labelled, bagged and sent to AGAT Laboratories for analysis (AGAT is an independent ISO 9001 and ISO/IEC 17025-certified lab). Gold is assayed by standard fire assay methods with 45 additional elements analyzed by induced coupled plasma (ICP) utilizing a four-acid digestion.

Our next target focus is the drill permitted 5,159 ha Williams Property in the Toodoogone trench area. The Williams Gold Property hosts two large targets: (1) the mesothermal gold ‘T-Bill’ prospect; and (2) the porphyry copper-gold-molybdenum ‘GIC’ prospect. The T-Bill prospect is a widespread alteration zone coincident with a large 1,200 m by 2,300 m gold in soil anomaly defined by gold values greater than 100 parts per billion (ppb). This prospect also contains gold-rich quartz veins, with locally visible gold. Historical drilling on a small segment of the anomaly (300 m by 300 m) intercepted 11 separate two-metre intervals with greater than 12 g/t gold. The best historical drill intersections included two metres of 24.8 g/t gold and two metres of 35.0 g/t gold. The mineralization occurs as multiple subparallel vein swarms that may have bulk mineable potential in addition to high-grade underground vein targets.

 

Technical disclosure in this news release has been reviewed and approved by International Samuel Exploration Corp.’s Vice President of Exploration, Derrick Strickland P. Geo., a Qualified Person as defined by National Instrument 43-101.

 

The Golden Triangle continues to yield impressive results including GT Gold Corp (01/09/2019) recent news release of 1,150 m of 0.62 g/t Au, 0.36% Cu, and 1.17 g/t Ag. The Golden Triangle region is host to several developed porphyry copper-gold deposits.

 

ON BEHALF OF THE BOARD OF DIRECTORS

 

“Conrad Swanson”

Conrad Swanson

Chairman

 

For further information, please contact:

International Samuel Exploration Corp.

Telephone: 604-317-3090

Email: international@samuelexploration.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Forward-looking information

Certain statements in this news release constitute “forward-looking” statements. These statements relate to future events or the Company’s future performance. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

 

Monday 15, 2018: Vancouver, BC Canada – International Samuel Exploration Corp. (TSX-V: ISS) (the “Company”) is pleased to announce that drilling at the Lucifer zone, on the LGM property in the prolific Golden Triangle has concluded for this season.  A total of three (3) diamond drill holes were completed.  The core from all three drill holes is currently being split, logged in detail, and will be submitted for a comprehensive suite of assays.  In addition to the completed drilling a significant anomaly discovered earlier this year has been sampled and these rock samples are currently in the laboratory for analysis.

This new “Colossus Zone”, a 1,350-ha geophysical anomaly, is located in the northwest corner on the eastern side of our LGM Property.  The Colossus Zone is coincident with two parallel trend areas of the ‘Red line contact’ that the Company identified earlier this season.  The Colossus Zone is strategically located 5 km southeast of Golden Ridge’s (GLDN) Hank Property with its announced discovery in August 2018.  Pictures of the recent Colossus Zone work and area are available on the Company website at www.internationalsamuelexploration.com.

Conrad Swanson, Chairman of International Samuel, stated this season’s extended good weather permitted the Company to complete this important drilling and sampling program.  “We are extremely pleased to have had additional time to sample the new Colossus anomaly, once results have been received we will incorporate this large zone into our planning for 2019”.

Our attention now will focus on our drill permitted 5,159 ha Williams Property in the Toodoogon trench area.  The Williams Gold Property hosts two large targets: the mesothermal gold ‘T-Bill’ prospect; and the porphyry copper-gold-molybdenum ‘GIC’ prospect.  The T-Bill prospect is a widespread alteration zone coincident with a large 1,200 m by 2,300 m gold in soil anomaly defined by gold values greater than 100 parts per billion (ppb).  This prospect also contains gold-rich quartz veins, with locally visible gold.  Historical drilling on a small segment of the anomaly (300 m by 300 m) intercepted 11 separate two-metre intervals with greater than 12 g/t gold.  The best historical drill intersections included two metres of 24.8 g/t gold and two metres of 35.0 g/t gold.  The mineralization occurs as multiple subparallel vein swarms that may have bulk mineable potential in addition to high-grade underground vein targets.

South of our Williams Gold Property, Hudbay/Amarc recently announced the commencement of an aggressive 1,000 m drill program near the Kemess mine (purchased by Centerra for $310 M in January 2018).

Technical disclosure in this news release has been reviewed and approved by International Samuel Exploration Corp.’s Vice President of Exploration, of Derrick Strickland P. Geo., a Qualified Person as defined by National Instrument 43-101.

 

The Golden Triangle continues to yield impressive results including GT Gold Corp (10/10/2018) recent news release of 363 m of 1.02 g/t Au, 0.51% Cu, and 1.72 g/t Ag.  The Golden Triangle region contains several known porphyry copper-gold deposits.

 

 

ON BEHALF OF THE BOARD OF DIRECTORS

 

“Conrad Swanson”                                                       

Conrad Swanson

Chairman

 

For further information, please contact:

International Samuel Exploration Corp.

Telephone:  604-317-3090

Email: international@samuelexploration.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Forward-looking information

Certain statements in this news release constitute “forward-looking” statements.  These statements relate to future events or the Company’s future performance.  All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements.  Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks.  Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

 

International Samuel Exploration Corp. is pleased to announce that it has closed its previously announced private placement and has issued 3,736,666 units at a price of $0.06 per unit for a total of $224,200 gross proceeds.

All securities issued pursuant to the closing are subject to a hold of four months and one day from their date of issuance in accordance with apllicable Canadian securities laws.

On Behalf of the Board of Directors,

Conrad Swanson – Chairman

Vancouver, BC: September 25, 2018: Vancouver, BC Canada – International Samuel Exploration Corp. (TSX-V: ISS OTC: ISSFD FSE: RFC3) (the “Company” or “International Samuel”) is pleased to report that it is preparing for a drill program on the LGM property (large consolidated project containing the Lucifer, Grizzly and Mickey West/East projects) located in the heart of the Golden Triangle in British Columbia.

The Company’s technical team has completed its in-depth review of the recent Induced Polarization (“IP”) data, also the airborne geophysical survey along with extensive soil samples.  After the review the team has identified and defined its initial drill targets at the Lucifer showing on the LGM property.   The Company engaged the services of Full Force Diamond Drilling Ltd., out of Peachland, B.C., to undertake an aggressive drill program. Full Force crews are currently mobilizing the drill rig to the first drill site and is expected to commence shortly.

The program is targeting a chargeability high coindicant with a resistivity high anomaly identified by the recent IP survey.   This geophysical target is within a previously identified 7.7-hectare anomalous soil gold zone.  One highly anomalous sample gave 3,010.1 ppb gold and 21 samples gave over 500 ppb gold.

Conrad Swanson, International Samuel’s President and CEO, commented: “We are fortunate to have an extended season this year, which is enabling ISS to be able to drill its Golden Triangle project. We are excited to be able to commence our initial drill program on the Lucifer zone. Once we complete drilling at the LGM property we will turn most of our focus on our exploration work at the Williams property, near the Kemess North Mine (Toodoggone mining camp), that Centerra purchased from AuRiCo earlier this year for $310 million. The Williams property is a high-grade project that has had substantial work completed since the 1980’s, including two separate drill programs on two separate anomalies. We believe we are positioned perfectly and have two projects with tremendous upside and we can remain active throughout the year without being affected by the winter weather.

Technical disclosure in this news release has been reviewed and approved by the Company’s Vice President of Exploration, Derrick Strickland P. Geo., a Qualified Person as defined by National Instrument 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS,

Conrad Swanson

Conrad Swanson

President and CEO

 

For further information, please see website www.internationalsamuelexploration.com. A new corporate presentation with information on ISS’s projects can be found here: http://internationalsamuelexploration.com/wp-content/uploads/2018/09/ISS-PPT-September-2018-Williams.pdf.

International Samuel Exploration Corp.

Telephone: 604-317-3090

Email: international@samuelexploration.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

Certain statements in this news release constitute “forward-looking” statements.  These statements relate to future events or the Company’s future performance.  All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements.  Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks.  Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

Vancouver, BC: September 18, 2018: Vancouver, BC Canada – International Samuel Exploration Corp. (TSX-V: ISS OTC: ISSFD FSE: RFC3) (the “Company” or “International Samuel”) is pleased to report it has completed its Phase 2 ground geophysical induced polarization (“IP”) survey at the LGM property (Lucifer, Grizzly & Mickey East/West projects) located in the heart of the Golden Triangle in British Columbia.

The geophysics contractor, Peter E. Walcott and Associates, has completed the Phase 2 survey, which focused on a high-priority target of which previously 2 lines of IP were completed in August 2018. A total of three additional IP survey lines have now been completed on the Lucifer target. The three additional lines infilled the first 2 lines which were 500m apart and added 2 more lines 250m apart to the west. The IP survey now covers an area of approx. 1,000 meters x 1,000 meters.

International Samuel Exploration’s Map of Phase 1 & 2 Completed Geophysical Induced Polarization Survey on the LGM Project in the Golden Triangle Area of British Columbia

The Company’s technical team is now reviewing all of the data which includes from the IP survey of both phases, plus the airborne geophysical survey (completed earlier this summer), and soil/trench samples – in an effort to further define drill targets at the Lucifer showing.

Technical disclosure in this news release has been reviewed and approved by the Company’s Vice President of Exploration, Derrick Strickland P. Geo., a Qualified Person as defined by National Instrument 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS,

Conrad Swanson

Conrad Swanson

President and CEO

 

For further information, please contact:

International Samuel Exploration Corp.

Telephone: 604-317-3090

Email: international@samuelexploration.com

www.internationalsamuelexploration.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

Certain statements in this news release constitute “forward-looking” statements.  These statements relate to future events or the Company’s future performance.  All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements.  Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks.  Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

 

Vancouver, BC: August 28, 2018: Vancouver, BC Canada – International Samuel Exploration Corp. (TSX-V: ISS OTC: ISSFD FSE: RFC3) (the “Company” or “International Samuel”) is pleased to report the completion of its Phase 1 Ground geophysical Induced Polarization (“IP”) survey at the LGM Property (the consolidated property of Lucifer, Grizzly and Micky Davis Properties, “LGM” or the “Property”) located in the heart of the Golden Triangle, British Columbia.

Figure 1: International Samuel Exploration holds 26,771 hectares of prime golden triangle ground surrounded by Aben Resources, Golden Ridge Resources, Evrim/Antofagasta & Teck Resources

The geophysics contractor, Peter E. Walcott and Associates, completed the Phase 1 survey which focused on a high-priority target on the expansive 26,771 hectares which was consolidated last year. The IP survey on the Lucifer target area consisted of two lines, 500 apart and 750 metres and 950 metres long respectively.

The Company’s technical team has already reviewed the IP survey data (see Figure 2) and have agreed to implement additional lines of IP across the Lucifer anomaly. The additional lines of IP are designed to further increase the resolution of the already acquired geophysical data. A total of 3 IP survey lines have been planned; one line will infill between the first two lines, while the other two lines will expand the zone 500 metres to the west.

Figure 2: Lucifer Property map displaying historic gold-in-soil anomalies, red lines indicating the completed IP survey lines and green lines displaying proposed IP survey lines

Three-hundred seventy-six (376) soil samples were taken to test an Aster anomaly that expands over the complete-known size of the Lucifer zone to the northeast. All samples have been sent to Actlabs – Kamloops for analysis. An anomaly recently ‘identified’ which is located near the north east corner of the LGM property, and 6km southeast of Golden Ridge Corps. Hank property, will have exploration screw on the ground this week.

International Samuel’s President and CEO Conrad Swanson stated, “We are excited to have commenced the LGM Properties initial work program. Last year we successfully acquired and consolidated a very large and highly-prospective Golden Triangle project directly adjoining Golden Ridge Resources, Aben Resources, Evrim/Antofagasta & Teck Resources. The Golden Triangle region has been re-established as BC’s pre-eminent exploration and mining district with several new mines in production and the abundance of new geologic theories. We want to congratulate our neighbours Golden Ridge & Aben for their recent success of their two new discoveries. This demonstrates the opportunity not only the region has of new discoveries but of the potential we have at International Samuel. We are looking forward to potentially unlocking this in short order.”

Lucifer Property Details

Previous exploration work done by Noranda (1990-91) identified a 400-metre-wide, 1.2 kilometre-long, north-northeast-trending zone of hydrothermal alteration associated with strongly elevated gold concentrations and base metal soil geochemical anomalies at the Lucifer. The British Columbia Ministry of Mines Minfile database documents two shallow drill holes were completed in 1991, which reportedly intersected 15.1 grams per tonne gold over 1.36 metres and 0.7 grams per tonne gold over 5.70 metres. In addition to the mapped alteration zone and strong soil geochemical anomalies, Noranda identified multiple strong gold-in-stream anomalies in the central part of the Lucifer property, which have not been followed up.

Technical disclosure in this news release has been reviewed and approved by the Company’s Vice President of Exploration, Derrick Strickland P. Geo., a Qualified Person as defined by National Instrument 43-101.

 

ON BEHALF OF THE BOARD OF DIRECTORS,

Conrad Swanson

Conrad Swanson

President and CEO

 

For further information, please contact:

International Samuel Exploration Corp.

Telephone: 604-317-3090

Email: international@samuelexploration.com

www.internationalsamuelexploration.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

Certain statements in this news release constitute “forward-looking” statements.  These statements relate to future events or the Company’s future performance.  All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements.  Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks.  Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

Vancouver, BC: August 28, 2018: Vancouver, BC Canada – International Samuel Exploration Corp. (TSX-V: ISS OTC: ISSFD FSE: RFC3) (the “Company” or “International Samuel”) is pleased to report the completion of its Phase 1 Ground geophysical Induced Polarization (“IP”) survey at the LGM Property (the consolidated property of Lucifer, Grizzly and Micky Davis Properties, “LGM” or the “Property”) located in the heart of the Golden Triangle, British Columbia.

 

The geophysics contractor, Peter E. Walcott and Associates, completed the Phase 1 survey which focused on a high-priority target on the expansive 26,771 hectares which was consolidated last year. The IP survey on the Lucifer target area consisted of two lines, 500 apart and 750 metres and 950 metres long respectively.

 

The Company’s technical team has already reviewed the IP survey data and have agreed to implement additional lines of IP across the Lucifer anomaly. The additional lines of IP are designed to further increase the resolution of the already acquired geophysical data. A total of 3 IP survey lines have been planned; one line will infill between the first two lines, while the other two lines will expand the zone 500 metres to the west.

 

Three-hundred seventy-six (376) soil samples were taken to test an Aster anomaly that expands over the complete-known size of the Lucifer zone to the northeast. All samples have been sent to Actlabs – Kamloops for analysis. An anomaly recently ‘identified’ which is located near the north east corner of the LGM property, and 6km southeast of Golden Ridge Corps. Hank property, will have exploration screw on the ground this week.

 

International Samuel’s President and CEO Conrad Swanson stated, “We are excited to have commenced the LGM Properties initial work program. Last year we successfully acquired and consolidated a very large and highly-prospective Golden Triangle project directly adjoining Golden Ridge Resources, Aben Resources, Evrim/Antofagasta & Teck Resources. The Golden Triangle region has been re-established as BC’s pre-eminent exploration and mining district with several new mines in production and the abundance of new geologic theories. We want to congratulate our neighbours Golden Ridge & Aben for their recent success of their two new discoveries. This demonstrates the opportunity not only the region has of new discoveries but of the potential we have at International Samuel. We are looking forward to potentially unlocking this in short order.”

 

Lucifer Property Details

 

Previous exploration work done by Noranda (1990-91) identified a 400-metre-wide, 1.2 kilometre-long, north-northeast-trending zone of hydrothermal alteration associated with strongly elevated gold concentrations and base metal soil geochemical anomalies at the Lucifer. The British Columbia Ministry of Mines Minfile database documents two shallow drill holes were completed in 1991, which reportedly intersected 15.1 grams per tonne gold over 1.36 metres and 0.7 grams per tonne gold over 5.70 metres. In addition to the mapped alteration zone and strong soil geochemical anomalies, Noranda identified multiple strong gold-in-stream anomalies in the central part of the Lucifer property, which have not been followed up.

 

 

 

Technical disclosure in this news release has been reviewed and approved by the Company’s Vice President of Exploration, Derrick Strickland P. Geo., a Qualified Person as defined by National Instrument 43-101.

 

ON BEHALF OF THE BOARD OF DIRECTORS,

 

Conrad Swanson

 

Conrad Swanson

President and CEO

 

For further information, please contact:

 

International Samuel Exploration Corp.

Telephone: 604-317-3090

Email: international@samuelexploration.com

 

www.internationalsamuelexploration.com

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Forward-looking information

Certain statements in this news release constitute “forward-looking” statements.  These statements relate to future events or the Company’s future performance.  All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements.  Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks.  Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

August 21, 2018 – International Samuel Exploration Corp. (the “Company” or “International Samuel”) (TSXV: ISS USA: ISSFF FSE: RFC2) is pleased to announce that further to the Company’s news release of August 9, 2018, 5,000,000 flow-through units (“FT Units”) at a price of $0.06 for total proceeds of $300,000, the Company is oversubscribed 5,481,666 FT Units for total proceeds of $328,900 and closed the private placement.

In connection with the financing, the Company issued a total of 365,200 warrants to finders (the “Finder Warrants”). Each Finder Warrant will entitle the finder to purchase an additional common share for one year at a price of $0.10 per common share. The Company also paid to finders a total of $21,912 in cash fees associated with this financing.

All securities issued pursuant to the closing are subject to a hold period of four months and one day from their date of issuance in accordance with applicable Canadian securities laws
The proceeds of the private placement will be used for the purpose of carrying out the exploration programs on the Company’s British Columbia property.

 

ON BEHALF OF THE BOARD OF DIRECTORS

“Conrad Swanson”
Conrad Swanson
Chairman
For further information, please contact:
International Samuel Exploration Corp.
Telephone: 604-317-3090
Email: international@samuelexploration.com
www.internationalsamuelexploration.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking Information

 

Certain statements in this news release constitute “forward-looking” statements. These statements relate to future events or the Company’s future performance as described in the above news release. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

International Samuel Exploration Corp. has arranged a non-brokered private placement of up to five million flow-through units at a price of six cents per unit to raise gross proceeds of up to $300,000. Each flow-through unit comprises one flow-through common share and one share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share of the company at a price of 10 cents per share for a 12-month exercise period, subject to abridgement of the exercise period (after the expiry of the four-month hold period) with 30 days of notice to holders in the event that the closing price of the company’s shares for 10 consecutive trading days exceeds 20 cents.

In conjunction with this financing, the company may pay a finder’s fee to eligible persons in compliance with applicable securities laws and exchange policies. This financing is subject to TSX Venture Exchange approval.

The proceeds received from this private placement will be used for work programs on the company’s 27,300 hectares of properties located in the centre of the Golden Triangle (British Columbia).

Stock options

The company announces that it has granted incentive stock options to directors, officers, employees and consultants to purchase up to an aggregate of 1,165,000 common shares of the company at an exercise price of seven cents per share for a term of five years from the date of the grant. The incentive stock options were granted in accordance with the company’s stock option plan.

We seek Safe Harbor.