Mongoose Mining Secures $100,000 NSMRDF Grant to Advance Drilling at Mount Thom, Nova Scotia and Plans Financing
Summary
The Company would like to thank the Government of Nova Scotia for this support, which is awarded based on the geological significance of projects and their potential to advance exploration targets in the province.The Mount Thom Property, located along the Cobequid-Chedabucto Fault Zone (CCFZ), is recognized as a highly prospective setting for Iron Oxide Copper-Gold (IOCG) mineralization. Both copper and cobalt are classified as critical minerals under Canadas Critical Minerals Strategy, key to electrification, renewable energy, and secure supply chains, adding strategic importance to this exploration program.Depth slices from surface through the gravity model of CRS GeoSurveys Ltd. 2022 survey of the Mount Thom Cu-Co-Au Property, Colchester County, Nova Scotia:To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8422/264976_mongoose.jpgMount Thom has a rich exploration history. Between 1970 and 1974, Imperial Oil and other operators completed trenching and 49 diamond drillholes totalling 3,184 m. Drilling encountered widespread fracture and breccia-controlled mineralization with pyrite, chalcopyrite, hematite, and specularite across a large area. Such expenses will qualify as "flow-through mining expenditures" related to the Companys exploration programs in Nova Scotia and New Brunswick and will be renounced to subscribers with an effective date no later than December 31, 2025.The Offering is subject to the receipt of all necessary regulatory approvals, including acceptance by the Canadian Securities Exchange ("CSE"). The Company is committed to responsible exploration practices and to creating value through discovery, technical excellence, and strong community partnerships.This news release contains "forward-looking statements" within the meaning of applicable securities laws.