Bathurst Metals Corp. announced the completion of the Company's inaugural diamond drilling program on Peerless Project, testing the Beta Zone area. The program entailed completing four HQ-size diamond drill holes for 702.0 metres.

The Peerless Property is in the historic Bralorne-Gold Bridge Mining Camp area in southwest British Columbia. The company initially planned to drill three holes totaling 600 metres. Based on the extent and concentrations of mineralization and noted visible gold, the program was expanded to four holes for a total of 702.0 metres.

Mineralization consisted mainly of fracture-controlled to semi-massive arsenopyrite, pyrite, galena, and sphalerite associated with quartz veins, quartz-carbonate veining, micro-veining, and areas of extensive silica flooding. Intense clay alteration also occurs near sulphide mineralization. Mineralization is hosted mainly within brecciated and listwanite altered (carbonate, serpentine, talc, +- mariposite/fuchsite) ultramafics, sparse feldspar porphyry dykes and carbonatized felsic dykes.

This successful drill program allowed the Company geologists to confirm the occurrence of an east-west trending, near vertical structure associated with mineralization. The structure appears to offset the local dykes, and based on airborne and ground magnetic surveys, several additional structures may occur on the property in areas of elevated base and precious metals present in historic soil samples. Once the Company has received and compiled the multi-element analysis ICP (Induced Coupled Plasma) and gold fire assay data of the 108 selected samples.

The Company will consider further drill testing in late spring 2024 as the structure remains open along strike and down-dip. Assay results are pending.