Noronex Limited provided an update on assay results from its recent drill program at its Cu-Au-Ag projects in Canada. Noronex completed a 4 hole, 1,274m diamond drill program at its Lynx Deposit in May 2022. The Lynx Deposit is located on the Onaman-Tashota Greenstone Belt in the Wabigoon Sub-Province of the northern Ontario Superior Province. The region is prospective for volcanic-hosted massive sulphide Cu-Zn-Ag-Au deposits, orogenic Au deposits, and magmatic Ni-Cu-PGE sulphide deposits. Noronex Ltd. currently holds 1,277 mining claims, 8 patent claims, and 2 leases, for an approximate area of 26,628 hectares. The Lynx South lens, also referred to as Zone 7, is the lens containing the most metal at the Lynx Deposit resource. Four diamond drill holes, for a total length of 1,274m, were drilled in April and May of 2022 to test down-dip and strike extensions to the Lynx South lens. The drill holes were originally designed to target EM anomaly picks from a HeliGEOTEM II geophysical survey flown by Sage Gold (the previous operators) in 2007. The targets were refined using an Armit-TDEM fixed loop ground geophysical survey conducted by Abitibi Geophysics in 2021. Final base and precious metal assays for drill core samples have been received from ActLabs, Thunder Bay, Canada. 1.9% Zn, 0.2% Pb, 516 g/t Ag and 0.44 g/t Au over 0.15m from 102.4 m in 22LXD001 in brecciated basalt near a modelled conductive plate that forms part of a cluster of northwest-trending plates identified by the Armit-TDEM fixed loop ground geophysical survey. 0.32% Cu over 1 m from 300m and 0.32% Cu over 1m from 322m in 22LXD002 in basalt with sulphide stringers associated with several shallowly dipping large conductive plates to the south and down dip of the Lynx South deposit. 28 g/t Au with 0.23% Cu over 1m from 329m associated with a 0.25 m wide massive band of pyrite-pyrrhotite and minor chalcopyrite in volcanic breccia, 1.1 g/t Au with 0.5 % Cu over 1m
from 354m in a quartz vein, and 4.1 g/t Au with 0.28% Cu and 729 ppm Bi over 1m from 358m in quartz-carbonate veined basalt, all in 22LXD003; these intersections were drilled to the west of the known Lynx South deposit and are associated with the down-dip extension of the modelled plates intersected by 22LXD002. The true widths of the intercepts are not known but are likely to be slightly less than down-hole intervals based on the modelled dips of the conductive plates and the orientation of the drill holes. The drilling has highlighted significant precious metals values associated with base metal sulphides consistent with a potentially Au-rich system and some previous assays from the Lynx deposit. These narrow high-grade results are associated with broad intervals of anomalous Cu or Zn close to modelled EM conductive plates that may represent extensions to the Lynx South orebody. The drill programme expenditure is more than sufficient to meet expenditure obligations for 1 year on the Noronex Limited claims in Ontario.