Tag: Drill

Gladiator Metals Announces Middle Chief Prospect Initial Drill Results

2024-03-05 07:11:06

Highlights

Initial assays have been received for 6 holes for 2162m of drilling at the Middle Chief Prospect within the Chief’s Trend of a planned 10,000 m’s of drilling at the Chief’s Trend.
Assay results returned significant copper and gold mineralisation, including:
LCG-001D1: 22m @ 1.41% Cu and 0.28 g/t Au from 208m;
LCG-001: 16m @ 1.29% Cu and 0.61 g/t Au from 249m and 6m @ 1.56 % Cu and 1.06 g/t Au from 213m;
LCG-001D2: 10m @ 1.35% Cu and 0.51g/t Au from 196m, 10m @ 0.83% Cu and 0.19 g/t Au from 62m and 4m @ 1.03 Cu and 0.19 g/t Au from 84m; and
LCG-003: Recovered core @ 2.71% Cu and 1.39 g/t Au within a 13.75m mineralised zone from 256m to end of hole (approximately 270m) that failed in 0.25m @ 2.76% Cu and 0.28 g/t Au.
The above drilling has intersected mineralization approximately 150-180m vertical depth from surface. Gladiator will now move to target the up-dip extent of the mineralization.

Drilling has recently moved to test the Big Chief Prospect, 200m to the north-west of Middle Chief, with two holes recently collared into magnetite altered skarn mineralisation (assays pending).
Ongoing drilling is planned to test high grade copper skarn mineralization at Big Chief and Middle Chief within the Chief’s that remains open in all directions.

Gladiator CEO, Jason Bontempo commented: “Gladiator has received initial assays from its ongoing, 10,000m diamond drill program at the Middle Chief prospect area. These results confirm and support the significant widths of high-grade copper skarn mineralisation identified from Gladiators data compilation of historical datasets at Middle Chief and point to further extensions of the defined mineralised bodies. Mineralisation remains open in all directions with some holes finishing in high grade copper-gold mineralisation.

The significant gold assays coincident with high grade copper mineralisation identified in these initial assay results point to the significant upside potential of the Middle Chief prospect area with the historic drilling only assaying for copper.”

Vancouver, British Columbia–(Newsfile Corp. – March 5, 2024) – Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) (FSE: ZX7) (“Gladiator” or the “Company“) provides an update on drilling at the Whitehorse Copper Project with drilling targeting significant widths of unmined, copper-gold skarns over more than 700m of strike at the historic Little Chief mine trend (refer to Figure 1 below for details).

Figure 1: Plan view of recently collated Little Chief and Middle Chief drillhole data showing historic open pit as well as areas of historical production and unmined mineralization. Recent drilling highlighted showing extensions to mineralization as well as recently identified high-mag anomalies from drone magnetics (pink shading).

Drilling at Middle Chief & Big Chief Prospects

Gladiator is pleased to release initial analytical results received from its ongoing 10,000m drill program at the historically producing Big Chief, Middle Chief and Little Chief prospects.

Assay results from 6 holes, 2162m (LCG-001, 001D1, 001D2, 001D3, 002 and 003) at the Middle Chief prospect confirm the extensive, unmined, high-grade mineralization highlighted by Gladiator’s data compilation of historical drilling (refer to news release 16^th Nov 2023). Mineralization remains open in all directions with some holes finishing in high-grade copper and gold mineralization due to difficult ground conditions. This includes holes LCG-001D3 and LCG-002 which both failed to reach their planned target depths and with hole LCG-003 collapsing within the mineralized zone. Significantly, LCG-003 returned 2.71% Cu and 1.39 g/t Au from recovered core retrieved within a 13.75m section of the hole. The hole also finished in significant mineralization (0.25m at 2.76% Cu and 0.28 g/t Au from 269.5m). Copper – gold mineralization highlighted from these initial assay returns includes:

LCG-003: Recovered core @ 2.71% Cu and 1.39 g/t Au within a 13.75m mineralized zone from 256m to end of hole (approximately 270 m) that failed in 0.25m @ 2.76% Cu and 0.28 g/t Au.
LCG-001D1: 22m @ 1.41% Cu and 0.28 g/t Au from 208m.
LCG-001: 6m @ 1.56 % Cu and 1.06 g/t Au from 213m and 16m @ 1.29% Cu and 0.61 g/t Au from 249m.
LCG-001D2: 10m @ 0.83% Cu and 0.19 g/t Au from 62m, 4m @ 1.03 Cu and 0.19 g/t Au from 84m and 10m @ 1.35% Cu and 0.51g/t Au from 196m.

Please refer to Table 1 below for a full listing of drill results:

Hole ID	Depth	East	North	Dip	Azim	Note	From	To	Interval (m)	Cu (%)	Au (g/t)	Ag (g/t)	Mo (ppm)	CuPCM *(Cu Int)**	Remarks
LCG-001	338.33	496,665	6,722,472	-68	245		67.00	69.00	2.00	0.01	2.66	0.00	6.00	0.02
							183.00	221.00	38.00	0.66	0.35	5.32	11.00	25.08
						Incl.	185.00	193.00	8.00	1.16	0.51	8.63	1.50	9.28
						And	213.00	219.00	6.00	1.56	1.06	13.47	1.00	9.36
							237.00	241.00	4.00	0.59	0.01	1.15	34.00	2.36
							249.00	273.00	24.00	0.99	0.44	8.33	38.08	23.76
						Incl.	249.00	265.00	16.00	1.29	0.61	10.88	55.13	20.64
LCG-001D1	273.19	496,671	6,722,474	-66	245		204.00	236.00	32.00	1.11	0.27	9.24	112.88	35.52
						Incl.	208.00	230.00	22.00	1.41	0.28	11.84	21.36	31.02
LCG-001D2	301.75	496,671	6,722,473	-65	275		62.00	76.00	14.00	0.69	0.15	5.14	178.86	9.66
						Incl.	62.00	72.00	10.00	0.83	0.19	6.18	192.60	8.30
							84.00	88.00	4.00	1.03	0.19	5.35	0.00	4.12
							196.00	206.00	10.00	1.35	0.51	10.00	4.20	13.50
LCG-001D3	215.8	496,671	6,722,473	-58	190		147.00	149.00	2.00	0.66	0.50	8.90	1.00	1.32	Hole Failed to reach Target
LCG-002	196.6	496,621	6,722,518	-76	266		179.00	193.00	14.00	0.76	0.10	5.07	10.71	10.64	Hole Failed in Fault Zone, prior to target
LCG-003	269.75	496,759	6,722,521	-50	270		256.00	269.75	13.75	2.71	1.39	26.90	15.65	37.26	Weighted Average Result – Calculated over the recovered Intervals, Includes 9m of core loss
						Incl.	269.50	269.75	0.25	2.76	0.28	16.20	11.00	0.69	EOH Sample
LCG-003D1	301.75	496,759	6,722,521	-55	271										Assays Pending
LCG-003D2	265.18	496,759	6,722,521	-55	262										Assays Pending

Table 1: Middle Chief Significant Intersections (Recent Drilling)

Gladiator, in consultation with its drilling contractor (Kluane Drilling Ltd.), has spent significant effort in modifying drill practices to improve its hole success rate in difficult conditions, with significant improvement noted in more recent drilling.

Further to the drilling completed at Middle Chief, Gladiator recently relocated the drill rig to the Big Chief prospect, where to date three holes have been completed (LCG-004 to 006), with significant mineralized skarn logged in holes LCG-005 and LCG-006 immediately below shallow overburden of up to 4m in depth.

These results are additional to the recently collated historic drilling (628 underground holes LCU-001-619, BC2490-1-2, BC2500-1-2 and 166 surface holes LC-001-121, MC-001-014, XLC-001-028 & BCF-001-006) & D-001-4 for 68,940 meters) reported by the company in news release dated 16^th Nov, 2023, highlight mineralization that potentially remains intact, this includes the following drill holes from the Middle Chief prospect that have been collared underground:

LCU-003: 53.56m @ 1.23% Cu from 88.54m

LCU-009: 49.83m @ 3.06% Cu from 70.26m

LCU-013 23.01m @ 2.07% Cu from 87.78m

LCU-017: 54.10m @ 2.05% Cu from 77.42m

LCU-023: 33.99m @ 2.10% Cu from 148.89m, Incl. 15.24m @ 3.26%Cu from 167.64m

LCU-151: 32.92m @ 2.08% Cu from 86.87m

LCU-371: 9.30m @ 4.73% Cu from 0m

LCU-500: 22.52m @ 2.23% Cu from 79.86m

LCU-503: 32.22m @ 2.11% Cu from 83.91m, Incl. 17.07m @ 3.47% Cu from 99.06m

LCU-528: 30.85m @ 1.68% Cu from 18.68m, Incl.22.47m @ 2.06% Cu from 18.68m

LCU-542: 28.04m @ 1.84% Cu from 91.14m, Incl. 19.81m @ 2.35% Cu 96.32m

LCU-543: 13.72m @ 1.28% Cu from 66.14m and 41.15m @ 2.22% Cu from 87.48m

LCU-550: 37.49m @ 1.90% Cu from 74.68m

LCU-551: 24.9m @ 2.27% Cu from 93.97m

LCU-571: 11.06m @ 3.79% Cu from 89.37m

LCU-578; 30.17m @ 1.97% Cu from 31.09m

LCU-580: 24.14m @ 1.86% Cu from 45.96m, Incl. 21.10m @ 2.00% Cu from 45.96m

LCU-604: 26.21m @ 1.86% Cu from 16.46m

LCU-610: 50.99m @ 1.87% Cu from 18.11m, Incl. 39.84m @ 2.19% Cu from 23.16mm

LCU-614: 38.22m @ 1.39% Cu from 10.24m, Incl. 32.13m @ 1.53% Cu from 14.81m

LCU-616: 37.79m @ 1.55% Cu from 21.34m, Incl. 28.65m @ 1.9% Cu from 30.48m

The compilation of the available data completed by Gladiator is the first time that the mineralization has been able to be reviewed and modeled in three dimensions, providing Gladiator with a unique opportunity to target further mineralization and utilize modern geophysics such as down hole electromagnetics (DHEM).

The 10,000m diamond drill program (which started at the Middle Chief prospect) on the January 9, 2024 and is planned to continue over the next 3 months. Drilling will be complemented by Down Hole Electromagnetic (DHEM) surveying of the holes to identify undrilled extensions to the mineralization.

Historical drilling at the Little Chief and Middle Chief prospects was selectively sampled for copper only. Given the recent significant gold intervals returned from these initial assay results Gladiator intends to assay all future drilling and sampling for additional credits including gold, silver and molybdenum which were proven significant contributors to the economics of historic operations at Little Chief.

Aeromagnetic Survey

In addition to drilling at the Middle Chief prospect, Gladiator is currently completing a high-resolution drone borne aeromagnetic survey over the former Little Chief mining trend.

In order to facilitate and target current drilling, Gladiator had the magnetics that had been completed over the former Little Chief mining trend processed and a three-dimensional inversion model completed highlighting significant areas of magnetic anomalies undrilled by historical operators. This is of significant importance given that mineralization previously exploited along the former Little Chief mining trend is associated with magnetite enriched skarns and is able to be directly targeted from its magnetic signature.

The remaining part of the survey is expected to be completed in the coming weeks. Work completed to date includes the review of the aeromagnetic data received to date which has already identified more than 30, drill ready, high-grade regional targets associated with copper-rich skarns at the contact between the Cretaceous age Whitehorse Plutonic Suite and the Triassic to Jurassic Lewes River Group’s clastic and carbonate metasediments. Cumulatively, there is more than 35km of underexplored strike on the contact which is highly prospective for high-grade copper+/-molybdenum+/-silver+/- gold.

About Little Chief

The former Little Chief mining trend is the largest historically producing mine in the Whitehorse Copper Belt with a total mined production of approximately 8.54 million tons grading > l.5% copper and 0.75g/t gold (Watson, 1984). Production from the Little Chief open cut mine commenced in May 1967, with mining of the open cut completed in 1969. Underground mining development commenced in 1971 and ceased operation in 1982 due to the prevailingly low copper price environment. On review, Gladiator has identified down dip potential for the mineralization to continue, where little or no drilling has been completed to date and mineralization remains open.

Gladiator recently completed collating historic drilling for the Little Chief historical production area. Supporting this work, the Company has completed a LIDAR survey and undertaken reconnaissance, prospecting and sampling of outcropping Cu-Au skarn mineralization proximal to the historic Little Chief underground and open cut mine. From this, the Company has confirmed the existence of significant mineralization that was drilled initially from the decline constructed to access the former Little Chief underground mine, with further drilling being undertaken prior to the mine closure in 1982.

The recently collated historical drilling data has identified a significant, greater than 200m long body of shallow mineralization (120m below surface), located underneath the decline and to the north of the Little Chief open pit and underground mine, named the Middle Chief mineralization. This mineralization appears to remain intact with drilling completed to date being limited in scope and size and does not appear to have closed off the unmined high grade copper skarn mineralization at Middle Chief. Further drilling is also planned to test the extent of remnant mineralization from the Little Chief orebody that remains open along strike and down dip, (see Figures 2 below):

Figure 2: Plan map of the Whitehorse Copper Project showing geology and location of the newly defined Little Chief mineralized trend (please refer to Company’s news releases dated 13 February 2023, 3 April 2023, 31 July 2023, 2 November 2023 16 November 2023, and 11 December 2023 for details).

QA / QC and Data Verification

Drilling completed by Gladiator was irregularly spaced to test parts of the mineralised systems, holes were directionally surveyed utilising a North Seeking Gyro direction tool. Drill collars were or are to be subsequently surveyed utilising a high-accuracy RTK DGPS system.

Upon drilling of diamond core Gladiator undertakes geological logging, marking up of lineal length of the core, recording core recovery, Geotech measurements such as RQD’s and undertakes core photographs.

Based on the geological logging, core is then marked up for sampling with a new sampling ticket that matches the submitted sample for analysis at the start of the sample interval, the drill core is then cut in half utilizing a core saw equipped with a diamond saw blade. The core samples are then sent for analysis and the remaining half core retained for future reference. Certified Reference Materials (CRMs) or known blank material is placed within the sampling sequence at a nominal sampling rate of 1 in 20 samples to monitor the Laboratory. Samples are submitted to the ALS Global Laboratory (Canada).

Samples subject to this release were crushed to 70% less than 2mm before pulverizing to better than 85% passing 75 microns. Samples were then analysed by ALS method ME-ICP61 (Aqua Regia with ICP-MS finish), with over limits for Cu analysed by method CU-OG62 (Aqua Regia with ICP-MS finish). As part of this process, Gladiator also captures the required sampling metadata to potentially utilize the core and analysis for any future requirements if deemed acceptable. The QA/QC meets the current required standards under reporting instruments, such as NI-43-101. At this point the Company regards the data collected from this exercise as reliable for the purposes of identifying mineralization and future exploration targets and may be used to inform future drilling and exploration campaigns.

For information regarding QA/ QC and Data verification for the Historically Reported Intercepts, please refer to the Company’s release dated 18^th January, 2024 “Gladiator Commences Drilling at the Middle Chief Copper Prospect” or the Company’s release dated 16^th November, 2023 “High-Grade Copper Mineralization Identified at Middle Chief & Class 1 Permit Extension Granted.” Please note the Company believes that the historical drill results do not conform to the presently accepted industry standards.

The historical mineral resources discussed in this press release were calculated using mining industry standard practices for estimating Mineral Resource and Mineral Reserves prior to the implementation of the current CIM standards for mineral resource estimation (as defined by the CIM Definition Standard on Mineral Resources and Mineral Reserves dated May 10, 2014). The reader is cautioned not to treat them, or any part of them, as current mineral resources or reserves. An independent Qualified Person (‘QP’), has not done sufficient work to classify the estimate discussed as current mineral resources or reserves and therefore the estimate should be treated as historical in nature and not current mineral resources or mineral reserves. The historical resources have been included simply to demonstrate the mineral potential of the Whitehorse Copper Project. A thorough review of all historical data performed by a QP, along with additional exploration work to confirm results, would be required in order to produce a current mineral resource estimate for each of the key prospects. For greater certainty, the Company confirms that it does not have a current mineral resource on any part of its Whitehorse Copper Project.

References:

Watson P.H. (1984) The Whitehorse Copper Belt – A Compilation. Yukon Geological Survey, Open File 1984-1.(https://data.geology.gov.yk.ca/Reference/42011#InfoTab).

Tenney D. (1981) – The Whitehorse Copper Belt: Mining, Exploration and Geology (1967-1980). (https://ia802508.us.archive.org/18/items/whitehorsecopper00tenn/whitehorsecopper00tenn.pdf).

Qualified Person

All scientific and technical information in this news release has been prepared or reviewed and approved by Kell Nielsen, the Company’s Vice President Exploration, a “qualified person” as defined by NI 43-101.

ON BEHALF OF THE BOARD

“Jason Bontempo”
Jason Bontempo
President and CEO

For further information contact:
Dustin Zinger, Investor Relations
+1-604-653-9464
This email address is being protected from spambots. You need JavaScript enabled to view it.

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.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Certain of the statements and information in this news release constitute “forward-looking statements” or “forward-looking information.” Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “believes”, “plans”, “estimates”, “intends”, “targets”, “goals”, “forecasts”, “objectives”, “potential” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) that are not statements of historical fact may be forward-looking statements or information.

Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, the need for additional capital by the Company through financings, and the risk that such funds may not be raised; the speculative nature of exploration and the stages of the Company’s properties; the effect of changes in commodity prices; regulatory risks that development of the Company’s material properties will not be acceptable for social, environmental or other reasons; availability of equipment (including drills) and personnel to carry out work programs; and that each stage of work will be completed within expected time frames. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements or information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

The Company’s forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this news release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management’s assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information.

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March 5, 2024

Novo Resources: Significant Drill Results at Becher

2024-02-13 07:09:44

HIGHLIGHTS

More than 10,500 m of combined aircore (AC) and reverse circulation (RC) drilling completed by De Grey Mining (ASX: DEG) at the Becher Project in Q4 2023, as part of the Egina earn-in/JV
RC drilling at Lowe confirmed gold mineralisation associated with a deformed intrusive sill, with a best intercept of 8 m at 4.74 g/t Au from 96 m, including 3 m @ 11.88 g/t Au from 100 m (MSRC0031)
Follow-up RC drilling into a base metal-gold corridor previously defined by Novo at Heckmair, intersected a significant zone of base metal-gold mineralisation from the two RC holes targeting the corridor. Results include:
- 10 m @ 0.12 g/t Au, 29.7 g/t Ag, 0.3% Cu, 1.5% Pb and 1.8% Zn from 40 m (MSRC0016)
  including 3 m @ 0.20 g/t Au, 59.8 g/t Ag, 0.9% Cu, 2.4% Pb and 2.2% Zn from 47 m
- 24 m @ 0.2 g/t Au, 13.2 g/t Ag, 0.1% Cu, 1.0% Pb and 0.1% Zn in hole MSRC0017 from 105 m (MSRC0017)
  including 6 m @ 0.48 g/t Au, 20.8 g/t Ag, 0.2% Cu, 1.4% Pb and 2.8% Zn from 105 m
The base metal corridor trends WNW through the Heckmair intrusion, with broad intervals of anomalous base metals and low-level gold mineralisation mapping a fault to over 1.5 km in strike
Resampling of anomalous gold zones from Novo’s 2023 AC program completed by De Grey, has verified broad zones of gold anomalism associated within granitic intrusions
De Grey plans to target the Becher area with follow up AC and RC drilling to be completed at priority targets Heckmair and Lowe in 2024

Novo Executive Co-Chairman and Acting CEO Mike Spreadborough said, “This set of results from the recent drilling is very exciting.

“De Grey has a total of 39,000 m of drilling planned under this program. This ground is going to get some focused exploration attention with De Grey required to spend up to A$25 million at Becher and adjacent tenements within 4 years, to earn a 50% direct interest in the Egina JV. In this programme, a minimum $7 million will be spent within 18 months, so we expect a good flow of results going forward.

What excites us the most at Novo is that the Egina JV tenements are considered highly prospective for significant intrusion related gold deposits, with similar attributes to the 12.7 Moz Au (JORC 2012) Hemi Gold Project. De Grey understand the enormous potential of this ground, and this is just the start of an exciting exploration partnership.”

VANCOUVER, British Columbia, Feb. 13, 2024 (GLOBE NEWSWIRE) — Novo Resources Corp. (Novo or the Company) (ASX: NVO) (TSX: NVO & NVO.WT.A) (OTCQX: NSRPF) is pleased to provide an update on drilling results at the Becher Project, which is part of the Egina earn-in and joint venture (Egina JV) with De Grey Mining (ASX:DEG).

De Grey commenced AC and RC drilling at the Becher Project in Q4 2023, testing the Heckmair and Lowe intrusions, and the Irvine and Bonatti shear corridors, with over 10,500 m completed to date.

Figure 1: Location of Novo tenements, the Egina JV area and priority projects in the Pilbara

EGINA GOLD CAMP

The Egina Gold Camp is Novo’s highly prospective gold belt in the Pilbara and includes the priority Becher and Nunyerry projects (Figure 1). This belt comprises a series of structurally complex, gold-fertile corridors, hosted by rocks of the Mallina Basin in the north and mafic / ultramafic sequences further south. These corridors trend towards De Grey’s 12.7 Moz Au (JORC 2012) Hemi Gold Project¹ to the north and northeast.

Novo’s tenure forms a contiguous package of approx. 80 km strike length directly along this trend and has been one of the main focus areas for Novo’s exploration programs over the last eighteen months, culminating in the Egina JV with De Grey and delineation of the Nunyerry North gold prospect.

____________
_{¹ Refer to De Grey’s public disclosure record for further details including news release Hemi Gold Project Resource Update, 21 November 2023, relating to De Grey’s Hemi. Withnell and Wingina mining centres. No assurance can be given that a similar (or any) commercially viable mineral deposit will be determined at Novo’s Becher Project.}

EGINA JV AND BECHER PROJECT

Novo’s early-stage reconnaissance work at Egina successfully identified the Becher Project as highly prospective and a high priority. The Company commenced AC drilling in late 2022 continuing into 2023, generating excellent results and indicators of potential discovery success. In June 2023, De Grey recognised the potential of Becher as a key growth asset and entered into the Egina JV under which De Grey will fund an exploration program over a four-year period for a spend of up to A$25 million, earning a 50% interest in the project.

Since commencing field work on the Egina JV ground in August 2023, De Grey has completed 7,536 m of AC drilling (271 collars) across several greenfields targets (Appendix 2).

In addition, ongoing interpretation of Novo’s previous AC program yielded three priority targets based on gold and base metal anomalism, warranting a follow up program of 4,154 m of RC drilling (29 collars) (Appendix 2), which was completed at the Lowe, Heckmair and Irvine targets. No significant results (>0.1 g/t Au) were returned from AC drilling at Irvine or Bonatti, although RC hole MSRC0030 at Irvine returned 1 m @ 6.3 g/t Au (Appendix 1 – Table 1).

Lowe

Lowe is located ~20 km WSW of Hemi. The prospect includes an interpreted 5.2 km long, synclinal layered sill, fractionated from pyroxenite at the base up to gabbro and diorite. It is substantially thicker on the northern side of the syncline and likely truncated by a fault and juxtaposed with altered metasediment to the south.

A small RC drilling program of 10 holes (1,786 m) was completed by De Grey in late 2023. This drilling intercepted mineralisation in two holes in what is interpreted to be the same structure (Figure 2). 8 m at 4.7 g/t Au from 97 m was intersected in hole MSRC0031, and 4 m at 0.6 g/t Au from 144 m was intersected in MSRC0032 (Appendix 1 – Tables 1 and 3). Mineralisation is hosted within strongly foliated and sheared pyroxenite and gabbro with prominent sericite alteration, quartz veining and pyrite.

Planning of follow up drilling in 2024 is underway.

Figure 2: Cross section at Lowe showing interpreted geology with recent intercepts

Heckmair

After commencing the earn-in with Novo, De Grey undertook a comprehensive program of field reconnaissance and re-splitting 4 m composite samples of historic drilling where anomalous gold or base metals had been intercepted.

Interpretation of geophysics, geochemistry and geological data highlighted elevated gold and Pb-Zn-Ag values in AC drilling within the Heckmair intrusive body, associated with a 1.5 km long, WNW-trending fault zone which De Grey interpreted from aeromagnetic data (Figure 3).

Figure 3: Heckmair Prospect – aeromagnetic/gravity images with bottom of hole lead anomalism in AC drilling

A follow-up RC program comprising 19 holes (2,368 m) returned strong base metal results (Appendix 1 – Tables 2 and 3) including:

10 m @ 0.12 g/t Au, 29.7 g/t Ag, 0.3% Cu, 1.5% Pb and 1.8% Zn from 40 m (MSRC0016)
including 3 m @ 0.20 g/t Au, 59.8 g/t Ag, 0.9% Cu, 2.4% Pb and 2.2% Zn from 47 m
24 m @ 0.2 g/t Au, 13.2 g/t Ag, 0.1% Cu, 1.0% Pb and 0.1% Zn in hole MSRC0017 from 105 m (MSRC0017)
including 6 m @ 0.48 g/t Au, 20.8 g/t Ag, 0.2% Cu, 1.4% Pb and 2.8% Zn from 105 m

The best gold intercept from the RC drilling was 2 m at 2.8 g/t Au in hole MSRC0013.

De Grey note other deposits and prospects within the Mallina Basin show that base metal anomalism can be associated with gold mineralisation.

The Heckmair Fault shows evidence for broad-scale fluid flow within a fault conduit with favourable scale, and De Grey considers it to be a priority target, with follow up RC drilling planned for 2024.

Figure 4: Heckmair cross section (619120E)

ANALYTICAL METHODOLOGY – AC DRILLING

AC drilling is utilised as a first pass technique testing for gold mineralisation and anomalous pathfinder geochemistry in basement rocks under cover. The drilling methodology is rapid and low cost, with a low impact footprint, enabling large systematic programs to be completed in a cost effective and timely manner.

One metre AC drill samples are collected from the drill rig through a cyclone and placed on the ground in piles for geological quantitative and qualitative logging. These piles are then speared as four-meter composites.

All AC chip samples were sent to ALS in Perth, Western Australia and each sample was dried, split, crushed and pulverised to 85% passing 75µm. 11 elements assayed with aqua regia mass spectrometry (ALS Lab Code ME-MS43) with an additional 29 elements assayed with aqua regia ICP-AES finish (ALS Lab Code ME-ICP43), and trace-level gold by 25 g aqua regia (ICP-MS). All aircore holes end with a 1 m bottom of hole sample using the ME-MS61 method with Au by 30 g fire assay (Au-ICP21). Anomalous aircore composites, greater than 0.1 ppm gold over 4 m, are re-split to 1 m samples and were assayed using 30 g Au fire assay with ICP finish (ALS Lab Code, Au-ICP21) and high-grade results >10 ppm Au were assayed by fire assay and gravimetric finish (ALS Lab Code Au-GRA21). Multielement analysis was conducted using four acid digest followed by ICP-MS finish for 61 elements (ALS Lab Code ME-MS61™).

QAQC procedures for the program include insertion of certified coarse blanks (minimum rate 2%), certified standards (CRMs minimum rate 2%), and routine duplicate sampling.

ANALYTICAL METHODOLOGY – RC DRILLING

RC drilling allows for deeper testing of anomalies delineated by aircore drilling, and other geological direct targeting methods such as surface mapping and sampling, where bedrock is exposed at surface.

RC sampling utilized a cone splitter on the rig cyclone and drill cuttings were sampled on 1m intervals. All RC chip samples were sent to ALS in Perth, Western Australia and each sample was dried, split, crushed and pulverised to 85% passing 75µm. All RC drilling samples were assayed using 30 g Au fire assay with ICP finish (ALS Lab Code, Au-ICP21) and high-grade results >10 ppm Au were assayed by fire assay and gravimetric finish (ALS Lab Code Au-GRA21). Multielement analysis was conducted using four acid digest followed by ICP-MS finish for 61 elements (ALS Lab Code ME-MS61™).

QAQC procedures for the program include insertion of certified coarse blanks (minimum rate 2%), certified standards (CRMs minimum rate 2%), and routine duplicate sampling.

There were no limitations to the verification process and all relevant data was verified by a qualified person as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) by reviewing analytical procedures undertaken by ALS.

ABOUT NOVO

Novo explores and develops its prospective land package covering approximately 7,500 square kilometres in the Pilbara region of Western Australia, along with the 22 square kilometre Belltopper project in the Bendigo Tectonic Zone of Victoria, Australia. In addition to the Company’s primary focus, Novo seeks to leverage its internal geological expertise to deliver value-accretive opportunities to its shareholders.

CONTACT

Investors:
Mike Spreadborough
+61 8 6400 6100
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North American Queries:
Leo Karabelas
+1 416 543 3120
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Media:
Cameron Gilenko
+61 466 984 953
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Authorised for release by Board of Directors.

_________________________

QP STATEMENTS

Mrs Karen (Kas) De Luca (MAIG), is the qualified person, as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects, responsible for, and having reviewed and approved, the technical information contained in this news release. Mrs De Luca is Novo’s General Manger Exploration.

DISCLAIMER

All data, information, figures and analysis relating to the Becher Project drill results that is cited in this announcement was provided by De Grey and appears in De Grey’s ASX announcement titled Greater Hemi and Regional Exploration Update, released on 13 February 2024. A copy of the announcement can be found on De Grey’s website here and on ASX Online here.

FORWARD-LOOKING INFORMATION

Some statements in this news release may contain forward-looking statements within the meaning of Canadian and Australian securities laws and regulations These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, customary risks of the resource industry and the risk factors identified in Novo’s annual information form for the year ended December 31, 2022, which is available under Novo’s profile on SEDAR+ at www.sedarplus.ca and in the Company’s prospectus dated 2 August 2023 which is available at www.asx.com.au. Forward-looking statements speak only as of the date those statements are made. Except as required by applicable law, Novo assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements. If Novo updates any forward-looking statement(s), no inference should be drawn that the Company will make additional updates with respect to those or other forward-looking statements.

APPENDIX 1

Table 1: Significant new RC results (>2 gram x m Au) – Intercepts – 0.5 g/t Au lower cut, 4 m maximum internal waste

Hole ID	Prospect	Depth From (m)	Depth To (m)	Downhole Width (m)	Au (g/t)	Intercept
MSRC0013	Heckmair	26	29	3	0.8	3 m @ 0.8 g/t Au
MSRC0013	Heckmair	108	110	2	2.82	2 m @ 2.82 g/t Au
MSRC0030	Irvine	109	110	1	6.25	1 m @ 6.25 g/t Au
MSRC0031	Lowe	97	105	8	4.74	8 m @ 4.74 g/t Au
Incl.	Lowe	100	103	3	11.88	3 m @ 11.88 g/t Au
MSRC0032	Lowe	144	148	4	0.64	4 m @ 0.64 g/t Au

Table 2: Significant RC gold and base metal results – Intercepts – 0.5% Pb lower cut, 4m maximum internal waste

Hole ID	Prospect	Depth From (m)	Depth To (m)	Downhole Width (m)	Au (g/t)	Ag (g/t)	Cu %	Pb %	Zn %
MSRC0016	Heckmair	40	50	10	0.12	29.7	0.3	1.5	1.8
Incl.	Heckmair	47	50	3	0.2	59.8	0.9	2.4	2.2
MSRC0017	Heckmair	105	129	24	0.2	13.2	0.1	1.0	0.1
Incl.	Heckmair	105	111	6	0.48	20.8	0.2	1.4	2.8

Table 3: Location of significant new RC results

Hole ID	Collar East (GDA94)	Collar North (GDA94)	Collar RL (GDA94)	Dip (degrees)	Azimuth (GDA94)	Hole Depth (m)	Hole Type
MSRC0013	619121	7684326	35	-56	181	148	RC
MSRC0013	619121	7684279	-31	-56	181	148	RC
MSRC0016	619123	7684905	58	-55	178	82	RC
MSRC0017	619124	7684946	58	-55	179	160	RC
MSRC0030	620602	7685064	-35	-61	149	220	RC
MSRC0031	629766	7686251	-18	-55	150	148	RC
MSRC0032	629761	7686258	-52	-56	146	220	RC

APPENDIX 2

Table 1: Egina JV RC and AC drill hole locations 2023 program

Hole ID	Collar East (GDA94)	Collar North (GDA94)	Collar RL (GDA94)	Dip (degrees)	Azimuth (GDA94)	Hole Depth (m)	Hole Type
MSAC0283	623321.15	7680921.9	69.546	-60	147	46	AC
MSAC0284	623277.34	7680988.8	69.485	-60	147	49	AC
MSAC0285	623233.54	7681055.7	69.471	-60	147	47	AC
MSAC0286	623189.73	7681122.7	69.396	-60	147	51	AC
MSAC0287	623145.93	7681189.6	69.458	-60	147	66	AC
MSAC0288	623097.19	7680679.7	69.83	-60	147	17	AC
MSAC0289	623053.38	7680746.6	69.837	-60	147	14	AC
MSAC0290	623009.58	7680813.6	69.807	-60	147	3	AC
MSAC0291	622965.77	7680880.5	69.919	-60	147	9	AC
MSAC0292	622921.97	7680947.5	70.085	-60	147	20	AC
MSAC0293	622878.16	7681014.4	70.418	-60	147	9	AC
MSAC0294	622834.36	7681081.3	70.444	-60	147	30	AC
MSAC0295	622790.55	7681148.3	70.408	-60	147	43	AC
MSAC0296	622746.75	7681215.2	69.404	-60	147	55	AC
MSAC0297	622702.94	7681282.2	68.398	-60	147	13	AC
MSAC0298	622873.23	7680437.5	70.22	-60	147	3	AC
MSAC0299	622829.42	7680504.5	70.132	-60	147	3	AC
MSAC0300	622785.62	7680571.4	70.471	-60	147	6	AC
MSAC0301	622741.81	7680638.4	70.546	-60	147	13	AC
MSAC0302	622698.01	7680705.3	70.63	-60	147	13	AC
MSAC0303	622654.2	7680772.2	70.393	-60	147	9	AC
MSAC0304	622610.4	7680839.2	70.594	-60	147	16	AC
MSAC0305	622566.59	7680906.1	71.224	-60	147	38	AC
MSAC0306	622522.79	7680973.1	70.593	-60	147	70	AC
MSAC0307	622478.98	7681040	69.81	-60	147	42	AC
MSAC0308	622435.18	7681106.9	69.49	-60	147	22	AC
MSAC0309	622391.37	7681173.9	68.43	-60	147	10	AC
MSAC0310	622347.57	7681240.8	68.189	-60	147	13	AC
MSAC0311	622303.76	7681307.8	67.997	-60	147	11	AC
MSAC0312	622649.27	7680195.4	70.606	-60	147	4	AC
MSAC0313	622605.46	7680262.3	70.427	-60	147	5	AC
MSAC0314	622561.66	7680329.2	70.672	-60	147	8	AC
MSAC0315	622517.85	7680396.2	70.427	-60	147	6	AC
MSAC0316	622474.05	7680463.1	70.304	-60	147	11	AC
MSAC0317	622430.24	7680530.1	70.238	-60	147	11	AC
MSAC0318	622386.44	7680597	70.123	-60	147	7	AC
MSAC0319	622342.63	7680664	69.938	-60	147	15	AC
MSAC0320	622298.83	7680730.9	69.645	-60	147	6	AC
MSAC0321	622255.02	7680797.8	69.395	-60	147	9	AC
MSAC0322	622211.22	7680864.8	68.937	-60	147	9	AC
MSAC0323	622167.41	7680931.7	68.771	-60	147	7	AC
MSAC0324	622123.61	7680998.7	68.394	-60	147	8	AC
MSAC0325	622079.8	7681065.6	68.165	-60	147	8	AC
MSAC0326	622036	7681132.5	67.913	-60	147	7	AC
MSAC0327	621992.19	7681199.5	67.934	-60	147	5	AC
MSAC0328	621948.39	7681266.4	67.916	-60	147	28	AC
MSAC0329	621904.58	7681333.4	67.979	-60	147	9	AC
MSAC0330	621860.78	7681400.3	68.028	-60	147	14	AC
MSAC0331	622425.31	7679953.2	73.467	-60	147	93	AC
MSAC0332	622381.5	7680020.1	73.468	-60	147	10	AC
MSAC0333	622337.7	7680087.1	72.849	-60	147	24	AC
MSAC0334	622293.89	7680154	72.633	-60	147	24	AC
MSAC0335	622250.09	7680221	72.727	-60	147	31	AC
MSAC0336	622206.28	7680287.9	73.041	-60	147	16	AC
MSAC0337	622162.48	7680354.9	73.158	-60	147	81	AC
MSAC0338	622118.67	7680421.8	72.459	-60	147	48	AC
MSAC0339	622074.87	7680488.7	71.76	-60	147	38	AC
MSAC0340	622031.06	7680555.7	71.79	-60	147	75	AC
MSAC0341	621987.26	7680622.6	70.246	-60	147	40	AC
MSAC0342	621943.45	7680689.6	70.11	-60	147	13	AC
MSAC0343	621899.65	7680756.5	72.062	-60	147	57	AC
MSAC0344	621855.84	7680823.4	70.175	-60	147	36	AC
MSAC0345	621812.04	7680890.4	69.113	-60	147	23	AC
MSAC0346	622157.54	7679778	75.841	-60	147	89	AC
MSAC0347	622113.74	7679844.9	74.275	-60	147	103	AC
MSAC0348	622069.93	7679911.9	73.404	-60	147	49	AC
MSAC0349	622026.13	7679978.8	73.006	-60	147	25	AC
MSAC0350	621982.32	7680045.7	72.449	-60	147	63	AC
MSAC0351	621938.52	7680112.7	71.8	-60	147	67	AC
MSAC0352	621894.71	7680179.6	71.79	-60	147	33	AC
MSAC0353	621850.91	7680246.6	73.059	-60	147	79	AC
MSAC0354	621807.1	7680313.5	73.151	-60	147	34	AC
MSAC0355	621763.3	7680380.5	70.944	-60	147	10	AC
MSAC0356	621719.49	7680447.4	70.598	-60	147	21	AC
MSAC0357	622065	7679335	73.176	-60	147	11	AC
MSAC0358	622021.2	7679401.9	73.245	-60	147	17	AC
MSAC0359	621977.39	7679468.9	74.032	-60	147	38	AC
MSAC0360	621933.59	7679535.8	75.01	-60	147	48	AC
MSAC0361	621889.78	7679602.8	77.031	-60	147	71	AC
MSAC0362	621845.98	7679669.7	73.686	-60	147	11	AC
MSAC0363	621802.17	7679736.6	73.34	-60	147	21	AC
MSAC0364	621758.37	7679803.6	73.169	-60	147	55	AC
MSAC0365	621722.24	7679860	71.989	-60	147	54	AC
MSAC0366	621296.21	7679338.8	73.357	-60	147	10	AC
MSAC0367	621261.04	7679393.5	73.285	-60	147	36	AC
MSAC0368	621217.19	7679460.4	73.218	-60	147	21	AC
MSAC0369	621173.35	7679527.3	73.053	-60	147	15	AC
MSAC0370	620979.27	7678655.8	76.905	-60	147	99	AC
MSAC0371	620935.42	7678722.8	76.153	-60	147	11	AC
MSAC0372	620891.57	7678789.7	75.737	-60	147	33	AC
MSAC0373	620847.72	7678856.6	75.363	-60	147	28	AC
MSAC0374	620803.87	7678923.5	75.487	-60	147	13	AC
MSAC0375	620775	7678967	75.435	-60	147	9	AC
MSAC0376	620731	7679035	76.038	-60	147	7	AC
MSAC0377	620686.04	7679103.3	76.827	-60	147	16	AC
MSAC0378	620642.19	7679170.2	76.44	-60	147	16	AC
MSAC0379	620598.35	7679237.1	75.343	-60	147	13	AC
MSAC0380	620554.5	7679304.1	75.048	-60	147	81	AC
MSAC0381	620510.65	7679371	73.708	-60	147	24	AC
MSAC0382	620460	7678280	76.748	-60	147	51	AC
MSAC0383	620416.15	7678346.9	77.035	-60	147	66	AC
MSAC0384	620372.3	7678413.8	77.717	-60	147	63	AC
MSAC0385	620328.45	7678480.7	78.562	-60	147	6	AC
MSAC0386	620329.09	7678480	78.554	-60	147	28	AC
MSAC0387	620284.6	7678547.6	77.788	-60	147	16	AC
MSAC0388	620240.75	7678614.5	77.104	-60	147	19	AC
MSAC0389	620196.9	7678681.4	76.576	-60	147	57	AC
MSAC0390	620153.05	7678748.3	76.943	-60	147	41	AC
MSAC0391	620109.2	7678815.2	76.274	-60	147	81	AC
MSAC0392	620065.35	7678882.1	74.91	-60	147	30	AC
MSAC0393	620021.5	7678949	74.624	-60	147	37	AC
MSAC0394	619977.65	7679015.9	74.536	-60	147	28	AC
MSAC0395	619933.8	7679082.8	74.178	-60	147	22	AC
MSAC0396	619889.95	7679149.7	73.971	-60	147	20	AC
MSAC0397	619846.1	7679216.6	73.696	-60	147	43	AC
MSAC0398	619802.25	7679283.5	73.123	-60	147	19	AC
MSAC0399	619758.4	7679350.4	72.803	-60	147	18	AC
MSAC0400	619714.55	7679417.3	72.688	-60	147	9	AC
MSAC0401	624493.96	7684385.2	65.077	-60	147	24	AC
MSAC0402	624459	7684432	64.874	-60	147	15	AC
MSAC0403	624416	7684501	64.836	-60	147	13	AC
MSAC0404	624373.34	7684569.3	64.889	-60	147	17	AC
MSAC0405	624329.49	7684636.2	64.793	-60	147	12	AC
MSAC0406	624285.65	7684703.1	64.784	-60	147	15	AC
MSAC0407	624241.8	7684770	64.753	-60	147	18	AC
MSAC0408	624197.95	7684837	64.625	-60	147	26	AC
MSAC0409	624154.1	7684903.9	64.608	-60	147	15	AC
MSAC0410	624110.26	7684970.8	64.621	-60	147	14	AC
MSAC0411	623592	7685755	63.694	-60	147	63	AC
MSAC0412	623549	7685824	63.736	-60	147	86	AC
MSAC0413	623506.01	7685892.9	63.597	-60	147	96	AC
MSAC0414	623462.16	7685959.8	63.794	-60	147	95	AC
MSAC0415	623418.32	7686026.7	63.617	-60	147	48	AC
MSAC0416	623374.47	7686093.6	64.236	-60	147	45	AC
MSAC0417	623330.62	7686160.5	64.553	-60	147	56	AC
MSAC0418	623286.77	7686227.4	64.79	-60	147	19	AC
MSAC0419	623242.92	7686294.4	64.685	-60	147	102	AC
MSAC0420	624195.14	7684255.6	66.305	-60	147	27	AC
MSAC0421	624151.21	7684322.4	66.476	-60	147	45	AC
MSAC0422	624107.28	7684389.3	67.197	-60	147	39	AC
MSAC0423	624063.35	7684456.1	67.038	-60	147	42	AC
MSAC0424	624019.42	7684523	67.148	-60	147	48	AC
MSAC0425	623975.5	7684589.9	65.861	-60	147	56	AC
MSAC0426	623931.57	7684656.7	66.296	-60	147	70	AC
MSAC0427	623666	7684481.1	65.225	-60	147	26	AC
MSAC0428	623622.15	7684548	65.206	-60	147	42	AC
MSAC0429	623578.3	7684614.9	65.507	-60	147	65	AC
MSAC0430	623534.46	7684681.8	65.312	-60	147	51	AC
MSAC0431	623490.61	7684748.7	64.627	-60	147	28	AC
MSAC0432	623446.76	7684815.6	63.726	-60	147	12	AC
MSAC0433	623402.92	7684882.6	63.562	-60	147	37	AC
MSAC0434	623359.07	7684949.5	63.475	-60	147	4	AC
MSAC0435	623315.22	7685016.4	63.452	-60	147	16	AC
MSAC0436	623262	7685094	63.391	-60	147	27	AC
MSAC0437	623218.27	7685164.3	63.313	-60	147	27	AC
MSAC0438	623174.42	7685231.2	63.457	-60	147	30	AC
MSAC0439	623130.57	7685298.1	63.181	-60	147	15	AC
MSAC0440	623086.73	7685365.1	63.229	-60	147	5	AC
MSAC0441	623042.88	7685432	63.318	-60	147	36	AC
MSAC0442	622991	7685509	63.965	-60	147	14	AC
MSAC0443	622947.48	7685577.6	64.969	-60	147	34	AC
MSAC0444	622903.63	7685644.5	67.138	-60	147	54	AC
MSAC0445	622859.78	7685711.4	65.339	-60	147	51	AC
MSAC0446	622815.93	7685778.3	64.858	-60	147	98	AC
MSAC0447	622772.09	7685845.2	63.856	-60	147	28	AC
MSAC0448	622728.24	7685912.1	64.901	-60	147	51	AC
MSAC0449	622684.39	7685979	65.481	-60	147	59	AC
MSAC0450	622640.54	7686045.9	65.686	-60	147	40	AC
MSAC0451	622596.7	7686112.9	63.142	-60	147	96	AC
MSAC0452	623341.8	7683808.1	65.685	-60	147	22	AC
MSAC0453	623297.95	7683875	65.555	-60	147	19	AC
MSAC0454	623254.11	7683941.9	65.705	-60	147	19	AC
MSAC0455	623210.26	7684008.9	65.963	-60	147	60	AC
MSAC0456	623166.41	7684075.8	65.367	-60	147	54	AC
MSAC0457	623122.56	7684142.7	65.565	-60	147	51	AC
MSAC0458	623070	7684216	64.979	-60	147	48	AC
MSAC0459	623027	7684284	64.725	-60	147	47	AC
MSAC0460	622985.27	7684352.2	64.438	-60	147	58	AC
MSAC0461	622941.42	7684419.1	64.362	-60	147	32	AC
MSAC0462	622897.57	7684486	64.783	-60	147	30	AC
MSAC0463	622853.72	7684552.9	63.735	-60	147	28	AC
MSAC0464	622809.88	7684619.9	63.343	-60	147	6	AC
MSAC0465	622766.03	7684686.8	63.49	-60	147	19	AC
MSAC0466	622722.18	7684753.7	63.582	-60	147	30	AC
MSAC0467	622678.33	7684820.6	63.509	-60	147	26	AC
MSAC0468	622634.49	7684887.5	63.471	-60	147	18	AC
MSAC0469	622590.64	7684954.4	63.396	-60	147	15	AC
MSAC0470	623045.45	7683676.5	66.006	-60	147	36	AC
MSAC0471	623001.6	7683743.4	65.905	-60	147	22	AC
MSAC0472	622957.75	7683810.4	65.709	-60	147	46	AC
MSAC0473	622913.9	7683877.3	65.642	-60	147	35	AC
MSAC0474	622870.05	7683944.2	65.412	-60	147	38	AC
MSAC0475	622826.21	7684011.1	65.633	-60	147	39	AC
MSAC0476	622782.36	7684078	65.536	-60	147	36	AC
MSAC0477	622738.51	7684144.9	64.403	-60	147	9	AC
MSAC0478	622694.66	7684211.8	64.316	-60	147	12	AC
MSAC0479	622650.82	7684278.7	63.928	-60	147	8	AC
MSAC0480	622232	7684333	63.94	-60	147	7	AC
MSAC0481	622189.79	7684398.5	64.042	-60	147	21	AC
MSAC0482	622145.94	7684465.4	64.558	-60	147	28	AC
MSAC0483	622102.09	7684532.3	63.752	-60	147	10	AC
MSAC0484	622058.25	7684599.2	63.635	-60	147	10	AC
MSAC0485	622670.7	7683080.5	69.874	-60	147	10	AC
MSAC0486	622626.9	7683147.4	70.623	-60	147	10	AC
MSAC0487	622583.1	7683214.3	71.123	-60	147	3	AC
MSAC0488	622539.3	7683281.2	71.618	-60	147	7	AC
MSAC0489	622248	7683142	81.751	-60	147	5	AC
MSAC0490	622204.2	7683208.9	76.858	-60	147	18	AC
MSAC0491	622160.4	7683275.8	73.986	-60	147	19	AC
MSAC0492	622116.6	7683342.7	71.658	-60	147	4	AC
MSAC0493	622072.8	7683409.6	71.79	-60	147	4	AC
MSAC0494	622029	7683476.5	72.27	-60	147	5	AC
MSAC0495	622495.5	7683348.1	71.187	-60	147	3	AC
MSAC0496	622451.66	7683415	70.718	-60	147	4	AC
MSAC0497	622407.81	7683481.9	69.707	-60	147	3	AC
MSAC0498	622363.96	7683548.8	68.572	-60	147	6	AC
MSAC0499	622320.11	7683615.7	68.352	-60	147	4	AC
MSAC0500	622276.26	7683682.7	68.216	-60	147	2	AC
MSAC0501	622232.41	7683749.6	67.878	-60	147	12	AC
MSAC0502	622188.57	7683816.5	67.487	-60	147	11	AC
MSAC0503	622144.72	7683883.4	67.083	-60	147	7	AC
MSAC0504	622100.87	7683950.3	66.656	-60	147	6	AC
MSAC0505	622057.02	7684017.2	66.645	-60	147	45	AC
MSAC0506	622013.17	7684084.1	66.094	-60	147	37	AC
MSAC0507	621969.33	7684151.1	65.903	-60	147	49	AC
MSAC0508	621925.48	7684218	65.487	-60	147	42	AC
MSAC0509	623119	7680646	69.909	-60	147	31	AC
MSAC0510	623075	7680713	69.888	-60	147	11	AC
MSAC0511	623032	7680780	69.882	-60	147	4	AC
MSAC0512	622988	7680847	69.771	-60	147	4	AC
MSAC0513	622944	7680914	70.221	-60	147	5	AC
MSAC0514	622900	7680981	70.36	-60	147	33	AC
MSAC0515	622852	7680471	70.118	-60	147	5	AC
MSAC0516	622808	7680538	70.142	-60	147	6	AC
MSAC0517	622764	7680605	70.835	-60	147	15	AC
MSAC0518	622720	7680672	70.444	-60	147	10	AC
MSAC0519	622676	7680739	70.364	-60	147	10	AC
MSAC0520	622632	7680806	70.579	-60	147	17	AC
MSAC0521	622457	7681074	69.397	-60	147	30	AC
MSAC0522	622413	7681140	68.936	-60	147	21	AC
MSAC0523	622370	7681207	68.211	-60	147	10	AC
MSAC0524	622326	7681274	68.152	-60	147	13	AC
MSAC0525	622584	7680296	70.424	-60	147	4	AC
MSAC0526	622540	7680363	70.493	-60	147	22	AC
MSAC0527	622497	7680430	70.392	-60	147	13	AC
MSAC0528	622453	7680497	70.286	-60	147	15	AC
MSAC0529	622409	7680564	70.141	-60	147	10	AC
MSAC0530	622365	7680631	70.054	-60	147	21	AC
MSAC0531	622321	7680698	69.868	-60	147	10	AC
MSAC0532	622277	7680765	69.46	-60	147	9	AC
MSAC0533	622233.5	7680832	69.218	-60	147	9	AC
MSAC0534	622189.6	7680898	68.816	-60	147	13	AC
MSAC0535	622145.8	7680965	68.57	-60	147	7	AC
MSAC0536	622101.9	7681032	68.29	-60	147	9	AC
MSAC0537	622058.1	7681099	67.973	-60	147	9	AC
MSAC0538	622014.2	7681166	67.928	-60	147	7	AC
MSAC0539	621970.4	7681233	67.901	-60	147	8	AC
MSAC0540	621926.5	7681300	68.035	-60	147	12	AC
MSAC0541	621882.7	7681367	68.082	-60	147	11	AC
MSAC0542	621239.1	7679427	73.209	-60	147	33	AC
MSAC0543	621195.3	7679494	73.095	-60	147	13	AC
MSAC0544	619780.3	7679317	72.913	-60	147	24	AC
MSAC0545	619736.5	7679384	72.73	-60	147	8	AC
MSAC0546	620957.3	7678689	75.81	-60	147	12	AC
MSAC0547	620913.5	7678756	76.85	-60	147	30	AC
MSAC0548	620869.6	7678823	75.29	-60	147	39	AC
MSAC0549	620825.8	7678890	75.22	-60	147	28	AC
MSAC0550	620752.9	7679002	75.55	-60	147	21	AC
MSAC0551	620708	7679070	77.51	-60	147	26	AC
MSAC0552	620664.1	7679137	76.51	-60	147	15	AC
MSAC0553	620620.3	7679204	76.25	-60	147	54	AC
MSRC0012	619120	7684305	63.49	-56.03	179.489	64	RC
MSRC0013	619120	7684345	63.427	-55.83	180.899	148	RC
MSRC0014	619120	7684825	62.941	-55.78	178.989	82	RC
MSRC0015	619120	7684865	63.047	-56.15	178.969	82	RC
MSRC0016	619120	7684905	63.081	-54.8	177.959	82	RC
MSRC0017	619120	7684945	63.197	-55.39	179.159	160	RC
MSRC0018	619440	7684475	64.002	-55.83	178.531	142	RC
MSRC0019	619440	7684515	63.885	-55.34	182.541	220	RC
MSRC0020	619440	7684905	63.129	-55.52	179.98	82	RC
MSRC0021	619440	7684945	63.151	-55.81	180.42	82	RC
MSRC0022	619440	7684985	62.852	-55.69	180.03	82	RC
MSRC0023	619440	7685025	62.731	-55.73	181.43	94	RC
MSRC0024	619440	7685065	62.625	-55.14	181.69	166	RC
MSRC0025	619760	7684360	62.739	-56.44	185.352	82	RC
MSRC0026	619760	7684400	62.757	-56.22	182.982	160	RC
MSRC0027	619760	7684520	63	-55.33	182.472	100	RC
MSRC0028	619760	7684560	63	-55.95	183.472	184	RC
MSRC0029	620375	7684835	64	-60.22	148.084	136	RC
MSRC0030	620576	7685112	63	-60.66	148.874	220	RC
MSRC0031	629739	7686305	68	-54.98	150.476	148	RC
MSRC0032	629716	7686336	69	-55.58	145.925	220	RC
MSRC0033	629695	7686372	69	-54.9	326.625	202	RC
MSRC0034	629720	7686338	69	-55	327	268	RC
MSRC0035	629006	7686259	68	-54.86	327.213	178	RC
MSRC0036	629050	7686192	68	-53.88	328.423	178	RC
MSRC0037	629093	7686124	67.402	-55.49	327.503	178	RC
MSRC0038	629136	7686058	67	-55.42	326.873	184	RC
MSRC0039	629207	7685950	67	-56.26	147.494	130	RC
MSRC0040	629187	7685980	67	-56.99	147.444	100	RC

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February 13, 2024

Pacific Ridge Exploration Hits Porphyry Copper-Gold Mineralization in All Three Diamond Drill Holes Completed at the RDP Copper-Gold Project; Step Out Drilling at Day Target Successful; New Discovery at Bird Target

2023-11-23 06:05:39

Vancouver, British Columbia–(Newsfile Corp. – November 23, 2023) – Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (FSE: PQWN) (“Pacific Ridge” or the “Company”) is pleased to announce results from this year’s diamond drill campaign at the RDP copper-gold project (“RDP” or the “Project”), located in northcentral British Columbia, 40 km west of the Company’s flagship Kliyul copper-gold project (“Kliyul”) (see Figure 1). Antofagasta Minerals S.A. (“Antofagasta”), a wholly owned subsidiary of Antofagasta PLC (ANTO: LSE), can earn a 75% interest in RDP by spending $10,000,000 on exploration over eight years and delivering a preliminary economic assessment report (See news release dated February 8, 2022). Pacific Ridge is the operator and supported the diamond drill program from Kliyul camp.

The 2023 diamond drilling program at RDP totaled 1,428 metres in three drill holes (RDP-23-007 to RDP-23-009) and tested the Day target (“Day”) and the Bird target (“Bird”) (see Figure 2). Two drill holes were completed at Day (RDP-23-007 and RDP-23-008) where drill hole RDP-22-005 returned 107.2 m of 1.39% copper equivalent* (“CuEq”) or 2.06 g/t gold equivalent**(“AuEq”) (0.63% copper, 1.10 g/t gold, and 2.91 g/t silver) within 497.2 m of 0.66% CuEq or 0.97 g/t AuEq (0.37% copper, 0.40 g/t gold, and 1.60 g/t silver) (see news release dated October 25, 2022). The two holes completed at Day were large step-outs over 300 m to the northeast and northwest from the collar location for RDP-22-005. In addition, a single diamond drill hole tested Bird (RDP-23-009), located approximately 2.0 km north of Day, where Pacific Ridge discovered porphyry copper-gold mineralization in a stream cutbank in 2022.

Highlights

Drill hole RDP-23-007 at Day ended in strong porphyry copper-gold mineralization: 19.0 m of 0.45% CuEq* or 0.67 g/t AuEq** (0.32% copper, 0.19 g/t gold, and 1.08 g/t silver) (see Table 1).
The dimensions of Day are now ~290 m east-west, ~100 m north-south, and up to ~600 m vertical depth. It remains open to the east and west, and at depth (see Figures 3 and 4).
Drill hole RDP-23-009 was the first diamond drill hole to test Bird at depth and returned 18.5 m of 0.43% CuEq*or 0.63 g/t AuEq** (0.16% copper, 0.38 g/t gold, and 0.59 g/t silver) within 111.0 m at 0.23% CuEq* or 0.34 g/t AuEq** (0.09% copper, 0.20 g/t gold, and 0.31 g/t silver).
Geochemistry and geophysics suggest that a porphyry core may lie approximately 200 m deeper than the mineralization intersected in RDP-23-009 (see Figure 5).

“This year’s diamond drill program at RDP was small but very successful,” said Blaine Monaghan, President & CEO of Pacific Ridge. “In addition to hitting porphyry copper-gold mineralization in large step-out holes at Day we made another porphyry copper-gold discovery at Bird.”

Figure 1. Location of RDP

Figure 2. RDP Target Areas

Table 1. 2023 RDP Assay Results Summary for Drill Holes RDP-23-007 to RDP-23-009

Hole No	From (m)	To (m)	Width (m)	Cu (%)	Au (g/t)	Ag (g/t)	*CuEq(%)**	AuEq(g/t)**
RDP-23-007	511.0	573.0†	62.0	0.16	0.06	0.84	0.21	0.31
includes	554.0	573.0†	19.0	0.32	0.19	1.08	0.45	0.67
RDP-23-008	123.0	132.0	9.0	0.10	0.02	0.67	0.12	0.18
RDP-23-008	158.0	188.0	30.0	0.08	0.02	0.36	0.10	0.15
includes	182.0	186.5	4.5	0.16	0.03	0.45	0.18	0.26
RDP-23-008	306.0	312.0	6.0	0.15	0.04	0.73	0.18	0.27
RDP-23-009	18.6	44.0	25.4	0.12	0.13	0.41	0.21	0.30
RDP-23-009	156.0	173.5	17.5	0.17	0.20	0.37	0.31	0.45
RDP-23-009	249.0	360.0	111.0	0.09	0.20	0.31	0.23	0.34
RDP-23-009	341.5	360.0	18.5	0.16	0.38	0.59	0.43	0.63

*CuEq = ((Cu%) x $Cu x 22.0462) + (Au(g/t) x AuR/CuR x $Au x 0.032151) + (Ag(g/t) x AgR/CuR x $Ag x 0.032151)) / ($Cu x 22.0462).
**AuEq = ((Au(g/t) x $Au x 0.032151) + ((Cu%) x CuR/AuR x $Cu x 22.0462) + (Ag(g/t) x AgR/CuR x $Ag x 0.032151)) / ($Au x 0.032151).
Commodity prices: $Cu = US$3.25/lb, $Au = US$1,800/oz., and Ag = US$20.00/oz.
There has been no metallurgical testing on RDP mineralization. The Company estimates copper recoveries (CuR) of 84%, gold recoveries (AuR) of 70%, and silver recoveries (AgR) of 65% based on the average recoveries from Kemess Underground, Mount Milligan, and Red Chris.)
Factors: 22.0462 = Cu% to lbs per tonne, 0.032151 = Au g/t to troy oz per tonne, and 0.032151 = Ag g/t to troy oz per tonne.
† End of hole

Discussion of Drill Holes RDP-23-007 to RDP-23-009

Day porphyry copper-gold target

Drill holes RDP-23-007 and RDP-23-008 at Day were designed as broad step-outs over 300 m from the RDP-22-005 collar location to test for a large porphyry copper-gold system. In 2022, RDP-22-005 returned 107.2 m of 1.39% CuEq or 2.06 g/t AuEq (0.63% copper, 1.10 g/t gold, and 2.91 g/t silver) within 497.2 m of 0.66% CuEq or 0.97 g/t AuEq (0.37% copper, 0.40 g/t gold, and 1.60 g/t silver) (see news release dated October 25, 2022). The 2023 drill holes tested the western and southeastern sides of a large (650 m diameter) ring-shaped aeromagnetic high anomaly interpreted from First Vertical Derivative (“1VD”) and 3D Magnetic Vector Inversion (“MVI”) models (see Figure 3). Porphyry copper-gold mineralization drilled in 2022 lies at the southern part of this interpreted ring anomaly. RDP-23-007 was collared 300 m to the northeast of the RDP-22-005 collar and drilled to the southeast, and RDP-23-008 was collared 330 m to the northwest of the RDP-22-005 collar and drilled to the west-southwest. Copper sulphide mineralization was intersected in both RDP-23-007 and RDP-23-008, however the interval in the RDP-23-007 is higher grade over a wider interval and appears to be an extension of RDP-23-005 mineralization 130 m to the east and to 120 m greater depth, while still being open at depth.

RDP-23-007 (azimuth 125°, inclination -70°, length 573 m) returned 19.0 m of 0.45% CuEq* or 0.67 g/t AuEq** (0.32% copper, 0.19 g/t gold, and 1.08 g/t silver) starting at 554 m. Drilling was terminated in mineralization at 573.0 m. This result extends > 0.60% CuEq mineralization another 175 m down plunge to the east of mineralization in RDP-23-005 (see Figure 3). Results suggest that Day is west-striking, steeply north-dipping (80°), and has a tabular or lenticular pipe shape with approximate dimensions of 290 m east-west, 100 m north-south, and up to 600 m vertical depth. Mineralization remains open primarily to the east and west, and at depth.
Mineralization from 554-573 m (end of hole) occurs as chalcopyrite-bornite disseminations and stringer veinlets. It is hosted in monzodiorite with moderate strength potassic alteration (K-feldspar, magnetite, quartz, chlorite).

RDP-23-008 (azimuth 235°, inclination -70°, length 414 m) returned 4.5 m of 0.18% CuEq* or 0.26 g/t AuEq** (0.16% copper, 0.03 g/t gold, and 0.45 g/t silver) starting at 182 m. Results suggest drilling stepped too far outward from a porphyry centre as is reflected in the narrow intervals of low grade with low Au:Cu ratio value (0.17). For comparison, the weighted average Au:Cu from RDP-22-005 for the 107.2 m interval of 1.39% CuEq* or 2.06 g/t AuEq** starting at 15.8 m is 1.75, and the value of the deepest reported interval of 60 m at 0.55% CuEq* or 0.82% AuEq** starting at 321 m, is 0.39. As such, it does not appear that there is an annulus of high-grade porphyry mineralization surrounding a 650 m diameter porphyry stock complex and that Day is more tabular in geometry and steeply north dipping as suggested by the RDP-23-007 result. In this case, RDP-23-008 would have drilled 300 m laterally outward into the hangingwall block of Day and encountered narrow distal mineralized intervals.
Mineralization from 182-186.5 m is hosted in volcaniclastic andesite with magnetite-chlorite and weak quartz (silica) alteration. Veinlet and fracture-hosted chalcopyrite occurs in trace to minor amounts. A 3 cm wide quartz vein with chalcopyrite-bornite at 158 m returned 0.40% CuEq* or 0.59 g/t AuEq** (0.31% Cu, 0.11 g/t Au, and 1.92 g/t Ag) over a 1 m sample.

Figure 3. Plan View of 2023 Conceptual Targeting for Exploration Drilling at Day with CuEq % > 0.3 Numeric Model

Figure 4. Section View (A to A’ in Figure 3) of Schematic Geological Model for Day, Looking Southwest

Bird porphyry copper-gold target

Located approximately 2.0 km north of Day, Bird was last tested in 1974 by a single, shallow drill hole (no results available). In 2022, Pacific Ridge discovered porphyry copper-gold mineralization in a stream cutbank that occurs within a 600 m x 250 m NNW-trending aeromagnetic high anomaly (1VD). The discovery outcrop comprises a ~50 m wide exposure of west-trending monzodiorite dykes with potassic alteration and quartz-magnetite-chalcopyrite veins. Outcrop sampling in 2022 returned 0.59% Cu, 0.26 g/t Au, and 23.1 g/t Ag. RDP-23-009 was collared 40 m to the northeast of the surface showing.

RDP-23-009 (azimuth 290°, inclination -60°, length 441 m) returned 18.5 m at 0.43% CuEq* or 0.63 g/t AuEq** (0.16% copper, 0.38 g/t gold, and 0.59 g/t silver) within 111.0 m at 0.23% CuEq* or 0.34 g/t AuEq** (0.09% copper, 0.20 g/t gold, and 0.31 g/t silver). This confirmed there is porphyry copper-gold mineralization at Bird. Drilling appears to have intersected the sericitic alteration shell of a porphyry system, however, there are relict windows of potassic alteration (K-feldspar ± biotite ± magnetite) with early-stage veins (magnetite-chalcopyrite ± quartz). These potassic windows are largely overprinted by a quartz-sericite-calcite-pyrite ± hematite alteration including sericitization of early biotite haloes, crosscutting vein relationships (late cutting early), and partial to wholesale replacement (pyritization) of early-stage veins. The mixed sericitic-potassic zone is most evident between 130-360 m. The deepest part of this zone returned the 18.5 m wide interval of 0.43% CuEq* or 0.63 g/t AuEq**. However, there are four notable intervals starting from 18.6 m that increase in Au:Cu ratio with depth suggesting RDP-23-009 is moving towards a porphyry centre with increasing depth (see Table 2 and Figure 5).

Table 2. 2023 RDP Assay Results for Drill Hole RDP-23-009 at Bird with Au:Cu Ratios at Increasing Depth

Hole No.	From(m)	To(m)	Width(m)	Cu(%)	Au(g/t)	Ag(g/t)	Au:Cu
RDP-23-009	18.6	44.0	25.4	0.12	0.13	0.41	1.10
RDP-23-009	156.0	173.5	17.5	0.17	0.20	0.37	1.21
RDP-23-009	249.0	295.0	46.0	0.10	0.20	0.27	2.11
RDP-23-009	341.5	360	18.5	0.16	0.38	0.59	2.35

Figure 5. Section View to North (100 m Slice) of 2023 Drilling at Bird with 3D MVI Remanent Magnetization Target

In addition, the combined interval from 156-360 m directly overlies a narrow subvertical geophysical feature of interest in the 3D MVI Remanent magnetization model that is also seen underlying the mineralization at Day. However, whereas the mineralization at Day lies on either side and across this remanent magnetization feature, the RDP-23-009 drilling at Bird is 200-350 m above it.

Altogether, it appears that RDP-23-009 was successful in intersecting the top of a potassic alteration and mineralization shell where it interfaces with overlying sericitic alteration. Follow-up drilling near this location should test for a steeply dipping tabular shaped deposit at greater depth than RDP-23-009 was drilled. Furthermore, interpretation of the 3D MVI remanent magnetization feature suggests that Bird has a NNW-trending orientation that shallows to the north over a distance of 200 m from where RDP-23-009 was drilled, and towards the northern end of the NNW-trending 600 m x 250 m aeromagnetic high anomaly. This entire 200 m trend is considered prospective for exploration, much like the 290 m long east-west trend currently delineated at Day.

About RDP

Located 40 km west of the Company’s flagship Kliyul, RDP is greater than 10,000 hectares in size and lies within the Stikine Terrane, which is host to numerous significant porphyry deposits in northern British Columbia, including Kemess, Red Chris, Kerr-Sulphurets and Galore Creek. The eastern margin of Stikine Terrane in this part of northcentral BC has been underexplored historically and has seen increased exploration activity since its coverage in the 2017 Geoscience BC Search Phase III airborne magnetic and radiometric survey.

RDP contains several porphyry copper-gold targets (Roy, Day, Porcupine, and Bird) that have been explored intermittently since the early 1970’s, including prospecting and mapping, various geochemical surveys, ground- and airborne geophysical surveys, trenching and a limited amount of drilling. The Project is underlain by lower Hazelton Group volcanic and sedimentary rocks (Lower Jurassic) of andesitic and dacitic composition and the Gyr rhyolite porphyry; and by Late Triassic to Early Jurassic plutonic rocks including the Fir gabbro and Roy plutonic suite with porphyritic plugs, sills, and stocks of monzodiorite composition.

QA/QC (Quality Assurance/Quality Control)

Pacific Ridge’s 2023 exploration program was managed by Equity Exploration Consultants Ltd. of Vancouver, B.C. The drill contractor was Dorado Drilling Ltd. of Vernon, B.C. Half-core NQ (47.6 mm) sawed samples from continuous intervals throughout drill holes were sealed on site and shipped to ALS Global Laboratories’ (“ALS”) preparation lab in Reno, Nevada and then to their analytical facility in North Vancouver, BC. Fire assay and multielement analyses were completed at the ALS analytical laboratory in North Vancouver. Drill core was crushed, pulverized and analyzed for 48 elements using a four-acid digest followed by ICP-MS (ME-MS61) with over limits by ore grade four-acid digest followed by ICP-AES (OG62), and with a 30 g sample analyzed for gold by fire assay and atomic absorption finish (Au-AA23). Samples were no smaller than 50 cm and no larger than 2 m in length, respecting changes in lithology and alteration. Blanks and commercially certified reference materials were inserted blind into the sample stream with an overall insertion rate of 5%. Field duplicates representing a quarter core split of the original sample are inserted at 2.5%. Pulp and crush duplicates are inserted at 5% insertion rate by the laboratory. The QAQC results are reviewed as batches once returned from the laboratory and appropriate actions are implemented where required. The QA/QC results for drill holes from the 2023 drilling program at RDP are acceptable.

The technical information contained within this News Release has been reviewed and approved by Gerald G. Carlson, Ph.D., P.Eng., Executive Chairman of Pacific Ridge and Qualified Person as defined by National Instrument 43-101 policy.

About Pacific Ridge

Our goal is to become British Columbia’s leading copper-gold exploration company. Pacific Ridge’s flagship asset is its 100% owned Kliyul copper-gold project, located in the Quesnel Terrane close to existing infrastructure. In addition to Kliyul, the Company’s project portfolio includes the RDP copper-gold project (optioned to Antofagasta Minerals S.A.), the Chuchi copper-gold project, the Onjo copper-gold project, and the Redton copper-gold project, all located in British Columbia. Pacific Ridge would like to acknowledge that its B.C. projects are located in the traditional, ancestral and unceded territories of the Gitxsan Nation, McLeod Lake Indian Band, Nak’azdli Whut’en, Takla Nation, and Tsay Keh Dene Nation.

On behalf of the Board of Directors,

“Blaine Monaghan”

Blaine Monaghan
President & CEO
Pacific Ridge Exploration Ltd.

Corporate Contact:
Blaine Monaghan
President & CEO
Tel: (604) 687-4951
www.pacificridgeexploration.com
https://www.linkedin.com/company/pacific-ridge-exploration-ltd-pex-
https://twitter.com/PacRidge_PEX

Investor Contact:
G2 Consultants Corp.
Telephone: +1 778-678-9050
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Forward-Looking Information

This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, which address exploration drilling and other activities and events or developments that Pacific Ridge Exploration Ltd. (“Pacific Ridge”) expects to occur, are forward-looking statements. Although Pacific Ridge believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, that one of the options will be exercised, the ability of Pacific Ridge and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Pacific Ridge’s proposed programs on reasonable terms, and the ability of third party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Pacific Ridge does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

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November 23, 2023

Canadian Gold Phase 2 Drill Program Begins at Tartan Mine

2023-11-08 09:07:59

Toronto, Ontario–(Newsfile Corp. – November 8, 2023) – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to announce the commencement of its Phase 2 drilling program at the Company’s 100% held Tartan Mine in the prolific Flin Flon-Snow Lake Greenstone belt, Manitoba.

The phase 2 drill program is currently underway and anticipated to occur over the next several months with a minimum of 2,500 metres of drilling planned. The objective of the program is to further test the continuity of gold mineralization within the Main Zone “MZ” to establish its potential size for resource estimation and mine planning purposes. The phase 1 drilling program conducted earlier this year successfully extended the MZ 325 m below the lower limit of the current mineral resource estimate, and increased the vertical extent of the gold mineralization by 61%¹.

The MZ mineralization remains open for expansion, and the primary objective of this phase 2 drill program is to target the extension of high-grade mineralization around drill holes TLMZ23-26 and TLMZ21-12 (see Figure 1) by wedging from existing drill holes to reduce overall costs.

TLMZ23-26 (Target 1) – Hole TLMZ23-26 intersected the widest zone of continuous gold mineralization at the Tartan Mine, and returned 12.0 gpt gold over 8.0 m within 4.2 gpt gold over 53.7 m (see News Release August 23, 2023). This intersection is the deepest drilled on the MZ and has indicated the potential for a larger discovery at depth below the current resource estimate. The phase 2 drilling will test east and below this intersection which remains open for meaningful expansion (see Figure 1).

TLMZ21-12 (Target 2) – Hole TLMZ21-12 intersected a hanging wall zone “HWZ” that returned 23.8 gpt gold over 12.6 m including 47.6 gpt gold over 5.8 m (see News Release December 6, 2021). The phase 2 drilling will test the high-grade mineralization to the west and at depth with the use of directional drilling (see Figure 1).

¹Indicated mineral resource of 1,180,000 tonnes at 6.3 gpt gold for 240 koz gold and inferred mineral resource of 240,000 tonnes at 4.9 gpt gold for 37 koz gold, both using a 3 gpt gold cutoff (Tartan NI 43-101 Technical Report authored by Mining Plus, April 2017, www.sedarplus.ca).

Figure 1: Main Zone long section illustrating Phase II drill targets.

For Further Information, Please Contact:

Ed Huebert
Chief Executive Officer
Canadian Gold Corp.
(204) 771-2180
This email address is being protected from spambots. You need JavaScript enabled to view it.

Jennifer Boyle
Director
Canadian Gold Corp.
(416) 904-2714
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Qualified Person

The scientific and technical information disclosed in this news release was reviewed and approved by Wesley Whymark, P. Geo., Consulting Geologist for the company, and a Qualified Person as defined under National Instrument 43-101.

About Canadian Gold Corp.

Canadian Gold Corp. is a Toronto-based mineral exploration and development company whose objective is to expand the high-grade gold resource at the past producing Tartan Mine, located in Flin Flon, Manitoba. The Company holds a 100% interest in greenfields exploration properties in Ontario and Quebec adjacent to some of Canada’s largest gold mines and development projects, specifically, the Canadian Malartic Mine (QC), the Hemlo Mine (ON) and Hammond Reef Project (ON). The Company is 38.8% owned by Robert McEwen, who was the founder and CEO of Goldcorp and is Chairman and CEO of McEwen Mining.

CAUTION REGARDING FORWARD-LOOKING INFORMATION

This news release of Company contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Canadian Gold’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements.

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November 8, 2023
Western Star Resources Announces High Priority Untested Drill Targets on Mount Anderson Property
2023-11-08 06:35:37

Mr. Anthony Chan reports:
Vancouver, BC – TheNewswire – November 8th, 2023 – Western Star Resources Inc (CSE:WSR). Has commenced an initial review of the Mount Anderson Property data in the Yukon. The preliminary review has indicated initially there are two major areas of interest, Adanac zone and south of the Fleming skarn target.

Adanac Zone

The strongest target to date on the property consists of a continuous and east-trending zone of rock and soil gold anomalism that prevails for a strike length of ~ 1.5 km. The gold zone starts ~500 m west of the 47 zone, continues east along strike to the Adanac zone. Additionally, gold in soil and rock anomalism is spatially coincident with a significant arcuate-shaped magnetic low that likely corresponds to magnetic destruction in the host Mt Anderson intrusion due to faulting. This is a considerable anomaly that has never been drill tested, nor has the full extent of mineralization been defined. Sample results from a 15m by 0.9-metre pit averaged 62.2 g/t Au and 171.1 g/t Ag

Fleming Skarn Target

A second untested but high potential target occurs south of the Fleming skarn target where coincident As-Sb-Cu soil anomalism located in close proximity to the contact with the Cretaceous intrusion spatially correlates to both an arcuate linear magnetic low and an historic VLF/EM conductor.

In addition, several reconnaissance targets have been identified that have seen little to no surface exploration work. These targets are located along connecting structures within the regional northwest-north, northwest trending dextral fault system.

Historical recommendations of untested drill targets include the following:
- A series of short holes, drill test several strong nodes in soil gold-silver anomaly C which were not trenched by past explorers.
- Drill test gold-silver MMI anomaly F near where the magnetically-inferred Becker Creek fault displaces the magnetic low along which occur anomalies B, C and F and the known sulphide-quartz vein systems.
- Drill test antimony-lead-arsenic anomaly E in a marshy area south of the Fleming skarn zones.
Blake Morgan, the CEO of Western Star, stated “The Mount Anderson story just keeps getting better and better. With multiple drill ready targets sitting on known high-grade zones. The plan is simple, drill test these high-grade areas. With the recent news regarding $5,000,000 in institutional financing the Company is poised to aggressively develop its assets in such tough markets. The company will also have some news regarding drilling on the Western Star project coming soon.”.

The Mt Anderson Property consists of 163 contiguous quartz claims covering 30km2 approximately 60 km south of Whitehorse. The Property is underlain by two intrusive bodies including the Early Jurassic Bennett Granite and the Early-mid Cretaceous Whitehorse Intrusive suite. The latter is referred to as the Mount Anderson Intrusion. Several roof pendants of Nisling Assemblage metasedimentary rocks (Snowcap Group), including quartzites and calcareous meta-clastics, outcrop over a significant area of the NE portion of the Property.

Derrick Strickland, P. Geo (1000315), a shareholder, and a “Qualified Person” for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.

Additional Information

Additional information about the Company and the Transaction is available on SEDAR at www.sedar.com under the Company’s profile. The summary of the Transaction set out above is qualified in its entirety by reference to the description of the Transaction in the Company’s filing statement posted on SEDAR.

“Western Star Resources Inc. is a mineral exploration and development company. The company’s objective is to increase shareholder value through the development of exploration properties using cost-effective exploration practices, acquiring further exploration properties, and seeking partnerships by either joint venture or sale with industry leaders. The company currently owns nine non-surveyed contiguous mineral claims totalling 2,797 hectares, which are located within the Revelstoke mining division of British Columbia. The Western Star property group is located approximately 50 kilometres southeast of Revelstoke, B.C., and roughly 10 kilometres north of the abandoned community of Camborne. Access to the Camborne area is via paved highway from either Revelstoke or Nakusp. Access to the property area is best via helicopter from Revelstoke or Nakusp.”

Contact Information:

Blake Morgan, CEO and Director

This email address is being protected from spambots. You need JavaScript enabled to view it.

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

Certain of the statements made and information contained herein may constitute “forward-looking information.” In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
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November 8, 2023
Noram Lithium Prepares to Drill Second Potential High-Grade Zone at Zeus Lithium Project
2023-11-07 09:15:13
VANCOUVER, BC / ACCESSWIRE / November 7, 2023 / Noram Lithium Corp. (“Noram” or the “Company“) (TSXV:NRM) (OTCQB:NRVTF) (Frankfurt:N7R) is providing an update on its 100% owned Zeus Lithium Project (“Zeus” or the “Project“), located in Clayton Valley, Nevada.

The Company recently completed a geological review of the Project using geological consultants from Big Rock Exploration (“BRE” – see news release dated October 30, 2023). During September and October, a number of important tasks were completed by BRE, including regional and district scale geological mapping and reviewing drill core from holes within the high-grade core area.

The results of the work highlighted the potential for multiple high-grade layers below the known high-grade layer which outcrops at surface and is the focus of the current mine planning for the Project (Figure 1). The geological theory for the formation of the Zeus deposit is analogous to the model developed for Lithium America’s Thacker Pass project.

Figure 1 – Zeus cross-section showing potential second high-grade layer drill target areas.

“We are very excited to be working with Big Rock Exploration” stated Sandy MacDougall, Executive Chairman of Noram. “The Project area boasts enormous potential in the lithium space. BRE will be overseeing the next program as we drill to validate our theory that a second notable high-grade layer exists below the existing one that has been well-defined; the significance of which is immense for Noram and their shareholders. The drill program will be fully funded from our existing cash balance of C$8.9 million¹.”

Phase VII Drill Program

The Company has further engaged BRE to design and manage the upcoming drill program. In total, the Company plans to drill up to ten holes with a total of approximately 2,200 meters for the Phase VII program. The holes have been designed to accomplish a number of objectives, including:
- Testing for the presence of a second high-grade layer;
- Increasing the drill density in the high-grade core of the deposit, and
- Step-out drilling to the south-east and north-west to validate the geological model.
The Company has executed a contract with Titan Drilling who are preparing to mobilize to the project site in the coming weeks. The drilling will be carried out under an amendment to the Notice of Intent filed with the Bureau of Land Management. It is expected the Phase VII program will be complete by the end of 2023.

Geological Model

In order to develop the new geological model, BRE undertook a series of important tasks, including:
- Created a regional digital geological map of Clayton Valley.
- Added digital 1-meter spaced lidar elevation data for the Zeus concessions and 1-meter spaced topographical contour lines.
- Enhanced existing assay data base to link to geological units.
- Developed 1:5,000 scale geological surface maps through extensive field survey.
- Reviewed drill core from holes within the high-grade core area.
- Defined a new geological model for use in Mineral Resource Estimation.
The field mapping revealed many unanticipated geologic features that BRE believe are important in understanding the origin of the lithium-rich lacustrine clay deposit at Zeus. These features include evidence of syn-sedimentary faulting and associated hot spring type hydrothermal alteration capable of transferring lithium upwards from depth and forming significant zones of higher-grade lithium clays (Figure 2).

BRE identified and interpreted a concealed fault by tracing these fault-related (diamictites) and hot-spring-related (siliceous cherty rocks in the southwest and travertine beds to the northeast) rock units revealed on the surface. BRE believe that such a fault, and its clear hydrothermal remnants, played an essential role in the origin of the lithium-rich clays at Zeus. The ore deposit model that BRE has built for Zeus relies on the classic geology tenet of “Source-Pathway-Trap” and which is analogous to the model developed for Lithium America’s Thacker Pass project.

The “Source” of the lithium at Zeus is at depth in a thick sequence of rhyolitic pyroclastic rocks (volcanic ash and tuffs). Devitrification of these hot volcanic materials releases incompatible elements, (such as lithium, fluorine, cesium) from volcanic glass (ash) to form a hot, buoyant lithium-enriched vapor/fluid phase. As well, the hydrothermal elements enriched at Zeus (S, As, Mo, etc.) also are sourced from depth.

The “Pathway” along which these hot and buoyant vapors/fluids moved upwards is believed to be the fault identified.

The “Trap” at Zeus are the lacustrine clays. Fluorine atoms can replace hydroxide in the clay crystal structure, tweaking the clay octahedral site which allows for the input of lithium into the clay structure forming lithium-rich clays.

The updated geological model and results from the planned drilling program will be used to update the Mineral Resource Estimate and subsequent mine planning for the Prefeasibility Study.

Figure 2 Geological model developed by BRE for the Zeus Project.

About Big Rock Exploration

Big Rock Exploration is headquartered in Minneapolis, Minnesota and has a technical staff of over thirty geological professionals located in various locations across the USA. The Company specializes in providing clients with tailored project solutions using leading edge resource exploration techniques. Services include drill program management, core logging and processing, geological technical reporting, land acquisition and claim staking as well as geological mapping and sampling programs.

For additional information:

Contacts:

In Europe: VP Corporate Development This email address is being protected from spambots. You need JavaScript enabled to view it.

Elsewhere: Investor Relations at This email address is being protected from spambots. You need JavaScript enabled to view it.

Website: www.noramlithiumcorp.com

ON BEHALF OF THE BOARD OF DIRECTORS
Sandy MacDougall
Founder and Executive Chairman

Footnotes:
1. Cash and cash equivalents from the unaudited Q2 2023 financial statements dated July 31, 2023.
About Noram Lithium Corp.

Noram Lithium Corp. (TSXV: NRM | OTCQB: NRVTF | Frankfurt: N7R) is focusing on advancing its 100%-owned Zeus Lithium Project located in Clayton Valley, Nevada an emerging lithium hub within the United States.

Qualified Person

The technical information contained in this news release has been reviewed and approved by Brad Peek, M.Sc., CPG, who is a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, and also Vice President of Exploration for Noram.

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.

Cautionary Statement Regarding Forward Looking Information

This news release may contain forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes statements regarding, among other things, plans for ongoing development of the Zeus Lithium Project. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, regulatory approval processes, results of further exploration work, and availability of capital on terms acceptable to the Company. Although Noram believes that the assumptions used in preparing the forward-looking information in this news release are reasonable, including that all necessary regulatory approvals will be obtained in a timely manner, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Noram disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable securities laws.
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November 7, 2023

Latitude Uranium Announces First Batch of Nine Drill Assay Results, Including 7.54% U3O8 over 1.6m from Angilak

2023-11-07 05:04:07

TORONTO, Nov. 07, 2023 (GLOBE NEWSWIRE) — Latitude Uranium Inc. (“Latitude Uranium”, “LUR” or the “Company”) (CSE: LUR, OTCQB: LURAF, FRA: EI1) is pleased to announce the first batch of assay results from its 2023 drill program at the Angilak Project in Nunavut, Canada (“Angilak”). The first batch of assays contains nine holes, and the second batch of assays will contain the remaining nine holes which comprises all 18 holes (5,665 metres) of the 2023 drill program focused on Main Zone of the Lac 50 Trend (Figure 1).

Highlights:

The first batch of nine assay results (holes 2-11 with hole 4 pending) are primarily from the east side of the Main Zone and focused on infill drilling to extend known historical intercepts within the historical inferred mineral resource of 43.3m lbs U₃O₈ at 0.69% grade¹.
The best hole was hole 5 which returned 7.54% over 1.6m, infilling a 100m gap in historical drilling and indicating robust up-dip continuity as can be seen in Figure 2.
Holes 6 and 8 had multiple shallow intercepts, including 0.54% over 0.9m, and show continuity in the potential new lens in the hanging wall mineralization as can be seen in Figure 4.
The second and final batch of assays from Angilak are expected in early December and are focused on the west side of the Main Zone.

John Jentz, CEO of LUR, commented, “Our first batch of assays from the 2023 drill program focused on the eastern side of the Main Zone where we gained valuable insights into structural controls, down dip extensions, and the discovery of a potential new lens. The first batch of assays is an encouraging start as we work towards our objective of demonstrating the growth potential of Angilak. The second and final batch of assays is expected in approximately one month and is focused on the west side of the Main Zone. We plan to integrate the 2023 results into our model to shape our 2024 drilling strategy and publish a NI 43-101 compliant resource estimate at the end of next year.”

Figure 1: 2023 Drill Program – 18 holes completed in the Main Zone

2023 Angilak Drill Program Assay Results

All drillholes and assay results are presented in Table 1 below. Results for the first batch of nine assays (Table 1 shows holes 2-11 with hole 4 pending) are primarily from east side of the Main Zone and focused on infill drilling to extend known historical intercepts within the historical inferred mineral resource of 43.3m lbs U₃O₈ at 0.69% grade¹. The second and final batch of assays from Angilak are expected in early December and are focused on the west side of the Main Zone.

Infill Holes

Hole 5 (23-LC-005) (Figure 2) tested the continuation of the mineralized tuff layer down dip approximately 50m from historic hole 10-LC-089 located at the most easterly end of the Main Zone and filling in a 100m gap in historical drilling. The best intercept of 7.54% across 1.6m corresponds with historical up dip intercepts in the same tuffaceous unit indicating robust up-dip continuity.

Figure 2: Cross Section of hole 5, including 7.54% U₃O₈ over 1.6m

Infill Holes (cont’d)

Hole 11 (23-LC-011) was drilled 100m from the infill hole of the main zone and 40m down-plunge of 09-LC-006 (1.26% U3O8 over 2.5m at 139.2m) and intersected 0.73% U3O8 over 0.5m at 171.2m, thereby extending known mineralization in the down dip direction. Hole 11 also intersected 0.08% U3O8 over 0.8m at 45.5m, associated with tuff horizon; 0.33% U3O8 over 0.4m at 81.3m, which was not associated with tuff horizon.

Holes 9 and 10 (23-LC-009 and 23-LC-010) were a planned fence of drillholes intended to test the continuation of the main mineralized tuff layer down-dip of existing historical intercepts in 10-LC-033 and 10-LC-036. As seen in Figure 3, both holes 9 and 10 intersected numerous mineralized lenses in the hanging wall of the main tuffaceous unit and may be related to linkage structures associated with a crossing fault, including 0.3% U3O8 over 0.6m and 0.28% U3O8 over 0.7m.

Figure 3: Cross Section of holes 9 and 10

Potential New Lens (holes 6 and 8, hole 4 pending)

Holes 4, 6 and 8 (23-LC-004, 23-LC-006, 23-LC-008) were designed to test the potential hanging wall mineralization associated with a prominent tuff layer and possibly influenced by east-northeast trending, cross-cutting structures. As seen in Figure 4 below, a new continuous, mappable tuff layer was intersected in 23-LC-004 (assay outstanding) and 23-LC-006 which returned multiple intercepts, the best being 0.54% U308 over 0.9m, including 1.31% Cu. Hole 8 (23-LC-008) tested the continuity of this potential new lens approximately 50m southwest. The uranium mineralized unit was shown to be continuous and broadening to the west, with higher grades and wider intercepts, including 0.25% U3O8 over 1.8m and 0.23% U3O8 over 2.4m.

Figure 4: Cross Section of holes 4, 6, and 8

Potential New Lens (cont’d)

Holes 4, 6 and 8 were also designed to test the main east-southeast mineralized structure along the tuff horizon at deeper depths (approximately down to 350m vertical depth), in an area interpreted to be crosscut by east-northeast trending structures. Geological modelling suggests the plunging mineralized shoots are partially controlled by moderately to steeply dipping cross-cutting east-northeast trending structures where they intersect geochemically favourable tuff layers.

Holes 4, 6 and 8 also tested very-low-frequency electromagnetic (VLF-EM) highs from previously flown surveys. Uranium mineralization (0.03% U3O8 over 0.5m at 315.2m in 23-LC-006) in the lower targeted tuff horizon corresponds to up-dip mineralization in historical holes, such as 10-LC-033 which intersected 0.19 % U3O8 over 1.3m at 160.3m. This shows mineralization continues at depth although becoming narrower and lower in grade. Tuff occurrences also become more dissipated at depth possibly representing structural disaggregation. Likewise, mineralization is more broadly dispersed with depth, supporting the introduction of structural controls into the system. The influence of crossing structures on mineralization will be assessed in modelling to determine the potential continuation of mineralization off section and the best targets to test for such a scenario.

Testing Main Tuff Horizon and Hanging Wall Mineralization

Hole 2 (23-LC-002) tested the up-dip extension of hanging wall mineralization from historical drillhole 12-LCM-004 (0.65% U3O8 over 2.5m at 116.5m), and the possibility of downdip continuation of mineralization from historical hole 10-LC-046 (3.14% U3O8 over 1.4m at 88.3m). Hole 2 intersected hanging wall mineralization, showing continuity up-dip of 12-LCM-004: 0.14% U3O8 over 0.5m at 95.6m; 0.42% U3O8 over 0.4m at 125.6m; 0.02% over 0.5m at both 127.0m and 141.2m. Although the mineralization dissipates downdip in the lower tuff horizon on this section, the tuff unit continues with possible disruptions in its continuity. This suggests there may be a local structural control influencing the emplacement of mineralization outside of the main tuff horizon. This information will be considered in future targeting to test the continuity of mineralization along the southwesterly plunging shoots.

Hole 7 (23-LC-007) was designed to test the continuation of the mineralized tuff layer 74m down dip of historical uranium mineralization intercepts in the eastern extension of the Main Zone (0.38% over 2.7m at 134.9m in 10-LC-092 and 1.33% over 2.5m at 49.7m in 09-LC-015). Hole 7 intersected the main tuff horizon as well as a significant hanging wall tuff unit, both of which correlate with the horizons intersected in historical drilling. Although no significant uranium mineralization is associated within the main tuff units, three instances of uranium mineralization occur between the main units. These intervening uranium mineralization intercepts are thought to represent linkage structures associated with a crossing fault.

Eastern Edge

Holes 1 and 3 (23-LC-001 and 23-LC-003) tested the potential to structurally link the Main Zone to the Eastern Zone, targeting a coincident magnetic high with a low to moderate VLF anomaly. Hole 1 focused along strike of the Main Zone mineralized tuff layer, while Hole 3 stepped out approximately 60m from the historical hole 11-LC-014 in the main tuff horizon and showed favorable associated structure and alteration. Hole 3 intersected weak uranium mineralization within the lower hanging wall at 111.9m (0.02% U3O8 over 0.8m), structurally bound between two tuff layers. No tuff horizon corresponding to the Main Zone mineralized tuff layer was intersected, though the altered and quartz-bearing structure continues along strike. Information from drilling will be used to update and add to the structural model for future targeting.

Table 1: First Batch Results of Nine Holes from Latitude Uranium’s 2023 Drill Program at Angilak
Drillhole	From (meters)	To (meters)	Length (meters)	U₃O₈ wt % (Assay)	Cu % (Calculated)
23-LC-002 Easting: 519322.0 Northing: 6939769.0 Elev: 206.0 m Az: 26, Dip: -55 EOH: 260.0 m	95.6	96.1	0.5	0.14	0.02
	125.6	126.0	0.4	0.42	0.01
	127.0	127.5	0.5	0.02	0.01
	141.2	141.7	0.5	0.02	0.01


23-LC-003 Easting: 519668.0 Northing: 6939864.0 Elev: 203.0 m Az: 26, Dip: -55 EOH: 197.0 m	111.9	112.7	0.8	0.02	0.10





23-LC-005 Easting: 519488.0 Northing: 6939864.0 Elev: 201.0 m Az: 26, Dip: -70 EOH: 266.1 m	104.6	104.8	0.2	0.02	0.01
	165.3	165.6	0.3	0.79	0.02
	218.0	219.6	1.6	7.54	0.06



23-LC-006 Easting: 519002.0 Northing: 6940001.0 Elev: 210.0 m Az: 24, Dip: -70 EOH: 362.0 m	71.8	72.3	0.5	0.07	0.14
	72.8	76.7	3.9	0.19	0.65
	Includes
	73.9	74.8	0.9	0.54	1.31
	77.6	78.1	0.5	0.05	0.32
	95.7	96.0	0.3	0.02	0.03
	104.6	104.9	0.3	0.08	0.02
	106.9	107.3	0.4	0.05	0.05
	315.2	315.7	0.5	0.03	0.01
23-LC-007 Easting: 519306.0 Northing: 6939838.0 Elev: 206.0 m Az: 25, Dip: -60 EOH: 380.0 m	67.8	68.3	0.5	0.02	0.15
	248.3	249.0	0.7	0.08	0.08
	250.1	250.7	0.6	0.04	0.02
	275.1	275.4	0.3	0.10	0.01


23-LC-008 Easting: 518957.0 Northing: 6939966.0 Elev: 209.0 m Az: 23, Dip: -74 EOH: 402.8 m	115.3	115.8	0.5	0.13	0.02
	125.3	127.1	1.8	0.25	0.09
	128.2	130.6	2.4	0.23	0.03
	139.4	144.2	4.8	0.04	1.46
	163.9	164.3	0.4	0.06	0.01

23-LC-009 Easting: 519131.0 Northing: 6940067.0 Elev: 210.0 m Az: 2, Dip: -72 EOH: 242.0 m	0.6	0.9	0.3	0.06	0.02
	33.5	33.8	0.3	0.02	0.01
	34.4	35.4	1.0	0.13	0.01
	57.7	60.4	2.7	0.06	0.02
	Includes
	58.7	59.2	0.5	0.13	0.01
	62.3	62.7	0.4	0.02	0.01
	75.4	75.9	0.5	0.15	0.00
	76.9	77.5	0.6	0.30	0.06
	130.0	130.5	0.5	0.03	0.01
	143.2	143.8	0.6	0.02	0.02
	149.9	151.0	1.1	0.06	0.01
	151.5	152.2	0.7	0.05	0.03
	153.7	154.4	0.7	0.02	0.02
	175.0	175.7	0.7	0.28	0.01
	176.2	176.7	0.5	0.03	0.01
23-LC-010 Easting: 519131.0 Northing: 6940067.0 Elev: 210.0 m Az: 12, Dip: -85 EOH: 326.0 m	52.7	53.2	0.5	0.02	0.01
	86.1	87.1	1.0	0.04	0.01
	106.0	106.7	0.7	0.4	0.01
	133.8	134.4	0.6	0.19	0.02


23-LC-011 Easting: 518717.0 Northing: 6940232.0 Elev: 203.0 m Az: 25, Dip: -54 EOH: 215.0 m	45.5	46.3	0.8	0.08	0.08
	46.7	47.1	0.4	0.10	0.08
	81.3	81.7	0.4	0.33	0.10
	117.9	118.2	0.3	0.03	0.01
	133.3	133.7	0.4	0.06	0.01
	170.5	172.3	1.8	0.29	0.23
	Includes
	171.2	171.7	0.5	0.73	0.07

1. See Figure 1 for drillhole locations.
2. Samples were sent to the Saskatchewan Research Council (SRC) lab and facilities for U₃O₈ geochemical analysis. Samples returning 100 ppm U or greater were analyzed for wt % U₃O₈.
3. Where consecutive samples are above 0.02% U₃O₈, intersections are weighted averages of composited samples.
4. All reported depths and intervals are drill hole depths and intervals unless otherwise noted, and do not represent true thicknesses, which have yet to be determined.

Notes on the Historical Mineral Resource Estimate for the Angilak Project:

This estimate is considered to be a “historical estimate” under NI 43-101 and is not considered by Latitude Uranium to be current. See below for further details regarding the historical mineral resource estimate for the Angilak Property.
1. Mineral resources which are not mineral reserves do not have demonstrated economic viability.
2. The estimate of mineral resources may be materially affected by geology, environment, permitting, legal, title, taxation, sociopolitical, marketing or other relevant issues.
3. The quality and grade of the reported inferred resource in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resource, and it is uncertain if further exploration will result in upgrading them to an indicated or measured resource category.
4. Contained value metals may not add due to rounding.
5. A 0.2% U3O8 cut-off was used.
6. The mineral resource estimate contained in this press release is considered to be “historical estimates” as defined under NI 43-101 and is not considered by LUR to be current.
7. Reported by ValOre Metals Corp. in a Technical Report entitled “Technical Report and Resource Update For The Angilak Property, Kivalliq Region, Nunavut, Canada”, prepared by Michael Dufresne, M.Sc., P.Geol. of APEX Geosciences, Robert Sim, B.Sc., P.Geo. of SIM Geological Inc. and Bruce Davis, Ph.D., FAusIMM of BD Resource Consulting Inc., dated March 1, 2013.
8. As disclosed in the above noted technical report, the historic estimate was prepared under the direction of Robert Sim, P.Geo, with the assistance of Dr. Bruce Davis, FAusIMM, and consists of three-dimensional block models based on geostatistical applications using commercial mine planning software. The project limits area based in the UTM coordinate system (NAD83 Zone14) using nominal block sizes measuring 5x5x5m at Lac Cinquante and 5x3x3 m (LxWxH) at J4. Grade (assay) and geological information is derived from work conducted by Kivalliq during the 2009, 2010, 2011 and 2012 field seasons. A thorough review of all the 2013 resource information and drill data by a Qualified Person , along with the incorporation of subsequent exploration work and results, which includes some drilling around the edges of the historical resource subsequent to the publication of the 2013 technical report, would be required in order to verify the Angilak Property historical estimate as a current mineral resource.
9. The historical mineral resource estimate was calculated in accordance with NI 43-101 and CIM standards at the time of publication and predates the current CIM Definition Standards for Mineral Resources and Mineral Reserves (May, 2014) and CIM Estimation of Mineral Resources & Mineral Reserves Best Practices Guidelines (November, 2019).

Quality Assurance/Quality Control – Geochemical Sampling Procedures

All drill core samples from the 2023 summer program were shipped to Saskatchewan Research Council Geoanalytical Laboratories (SRC) in Saskatoon, Saskatchewan in secure containment for preparation, processing, and multi-element analysis by ICP-MS and ICP-OES Basement Exploration Package using partial digestion (HNO3/HCl) and total digestion (HF/HNO3/HClO4), and U₃O₈ wt % assay by ICP-OES. The SRC is an ISO/IEC 17025/2005 and Standards Council of Canada certified analytical laboratory.

Assay samples comprise 0.2 – 1.2-meter continuous split-core (half) samples based on radioactive intervals (in counts per second (cps)) measured in field using a calibrated handheld spectrometer (RS230). During logging, cps is recorded as 10 cm intervals through the radioactive zone and 1.0 – 2.0m above and below into background radioactive core. This is performed when any measurements are above approximately 200 cps. Data is measured and recorded by a trained geotechnician and verified by the onsite supervising geologist.

Blanks, standard reference materials, and repeats are inserted into the sample stream at regular intervals by LUR and the SRC in accordance with LUR quality assurance/quality control (QA/QC) procedures. Geochemical assay data are subject to verification procedures by qualified persons employed by LUR prior to disclosure.

All reported depths and intervals are drill hole depths and intervals, unless otherwise noted, and do not represent true thicknesses, which have yet to be determined.

Qualified Person (QP)

The technical information in this news release has been reviewed and approved by Nancy Normore, M.Sc., P.Geo, the Vice President of Exploration of Latitude Uranium, who is a “Qualified Person” (as defined in NI 43-101).

About Latitude Uranium Inc.

Latitude Uranium is exploring and developing two district-scale uranium projects in Canada. Our primary focus is expanding the resource base at Angilak, which ranks amongst the highest-grade uranium deposits globally, outside of the Athabasca. Additionally, we are advancing the CMB Project, situated in the prolific Central Mineral Belt in central Labrador adjacent to the Michelin Deposit, with numerous occurrences of uranium, copper and potential IOCG style mineralization.

For More Information, Please Contact:
Latitude Uranium Inc.
John Jentz
CEO
This email address is being protected from spambots. You need JavaScript enabled to view it.

Toll-Free: 1-833-572-2333

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.latitudeuranium.com
Twitter: @LatitudeUr_
LinkedIn: https://www.linkedin.com/company/latitude-uranium-inc/

Cautionary Statement Regarding “Forward-Looking” Information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws. “Forward-looking information” includes, but is not limited to, statements with respect to activities, events or developments that the Company expects or anticipates will or may occur in the future including, but not limited to, the expected timing of the second batch of assay results and the planned publication of a mineral resource estimate; the Company’s ongoing business plan, sampling, exploration and work programs. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof.

Forward-looking information and statements are based on our current expectations, beliefs, assumptions, estimates and forecasts about LUR’s business and the industry and markets in which it operates. Such forward information and statements are based on numerous assumptions, including among others, that general business and economic conditions will not change in a material adverse manner, that locations of historical mineral resources estimates could lead to new mineralization discoveries and potentially be verified as current mineral resource estimates, that financing will be available if and when needed and on reasonable terms to conduct further exploration and operational activities, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct LUR’s planned exploration activities will be available on reasonable terms and in a timely manner. Although the assumptions made by LUR in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of LUR to differ materially from any projections of results, performances and achievements of LUR expressed or implied by such forward-looking information or statements, including, among others: limited operating history, negative operating cash flow and dependence on third party financing, uncertainty of additional financing, delays or failure to obtain required permits and regulatory approvals, no known mineral resources/reserves, aboriginal title and consultation issues, reliance on key management and other personnel; potential downturns in economic conditions; availability of third party contractors; availability of equipment and supplies; failure of equipment to operate as anticipated; accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry; changes in laws and regulation, competition, and uninsurable risks, community relations, delays in obtaining governmental or other approvals and the risk factors with respect to LUR set out in LUR’s annual information form in respect of the year ended November 30, 2022 filed with the Canadian securities regulators and available under LUR’s profile on SEDAR at www.sedar.com.

Although LUR has attempted to identify important factors that could cause actual actions, events or results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. LUR undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

¹ This estimate is considered to be a “historical estimate” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and is not considered by Latitude Uranium to be current. See below for further details regarding the historical mineral resource estimate for the Angilak Property.

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November 7, 2023

Lancaster Resources Receives Administrative Approval for Maiden Drill Program

2023-11-07 01:05:16

VANCOUVER, British Columbia, Nov. 07, 2023 (GLOBE NEWSWIRE) — Lancaster Resources Inc. (CSE:LCR | OTCQB:LANRF | FRA:6UF0) (“Lancaster”) is pleased to announce the administrative approval of its maiden drill program at its Alkali Flat Project in New Mexico, USA. The New Mexico Mining and Minerals Division (“MMD”) has declared Lancaster’s Minimal Impact Exploration Permit Application for its Phase 1 Exploration Drilling at the Alkali Flat Lithium Brine Project to be administratively complete, marking a significant step forward in this pioneering exploration effort.

“The approval of our maiden drilling program will not only be a significant economic milestone for Lancaster but also a moment of affirmation for our commitment to responsible exploration,” said Andrew Watson, Lancaster’s VP Engineering & Operations. “We are at the cusp of demonstrating that sustainable practices can and should be at the heart of the mining industry’s future, particularly as we contribute to the global clean energy transition.”

Lancaster received the notification from the MMD, confirming the compliance of the application with the requirements of the Minimal Impact Exploration permit application. The proposed exploration plan, initially submitted on September 26, 2023, carefully details a minimal-impact strategy to develop three drill holes and associated pads over a disturbed area of less than two acres within the jurisdiction of the United States Bureau of Land Management (BLM) property in Lordsburg Playa, New Mexico.

With this administrative hurdle cleared, the Alkali Flat Project now moves to the technical review phase, involving detailed review by state, federal, and tribal agencies. A site visit by representatives from Lancaster, along with BLM and MMD is scheduled for mid-November 2023. The purpose of the visit is to review the project on-site and to ensure all proposed operations align with the highest standards of environmental conservation and sustainability.

Lancaster Resources Inc. continues to emphasize the importance of environmental stewardship, with plans to use renewable energy sources and cutting-edge Direct Lithium Extraction (DLE) technology to minimize its carbon footprint and water usage and ensure efficient resource extraction.

About Lancaster Resources Inc.

Lancaster Resources (CSE:LCR | OTCQB:LANRF | FRA:6UF0) is engaged in exploring battery and critical metals to take advantage of the global shift towards decarbonization and electrification. Lancaster has rights to acquire 100% of the Alkali Flat Lithium Project, near Lordsburg, New Mexico, USA, a set of claims approximately 5,200 acres (8.1 square miles) in size that Lancaster is exploring for concentrated sub-surface lithium brine deposits. Lancaster’s vision is to produce Net Zero Lithium using direct lithium extraction technology powered by solar or geothermal energy.

Lancaster also holds the rights to a 100% interest in the Trans-Taiga Lithium Property located within the James Bay lithium district of Quebec and lying on the same geological trend as significant lithium discoveries, including Patriot Metals’ Corvette Property. Lancaster plans to conduct exploration activities with a holistic view of stakeholder interests. Guiding Lancaster Resources’ journey is a skilled management and technical team with collective involvement in over 15 commercial mineral discoveries and endowed with extensive experience in the creation of lithium brine targets and the exploration and development of Lithium projects across Canada, the American West, Mexico, and South America.

Penny White, President & Chief Executive Officer
Lancaster Resources Inc.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: 604-923-6100
Website: www.lancaster-resources.com

Cautionary Statement Regarding Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or Lancaster’s future performance. The use of any of the words “could,” “expect,” “believe,” “will,” “projected,” “estimated,” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Lancaster’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, the ability of Lancaster to execute its exploration plans, obtain exploration and drilling permits, retain key personnel, identify, acquire, explore, and develop high-quality mineral-rich properties, and integrate sustainable energy sources and innovative technologies for climate-positive resource production constitute forward-looking information. Actual results and developments may differ materially from those contemplated by forward-looking information.

Readers are cautioned not to place undue reliance on forward-looking information. The statements made in this press release are made as of the date hereof. Lancaster disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as may be expressly required by applicable securities laws.

The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this news release.

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November 7, 2023
Electric Metals Announces Final Assays from Emily Manganese Project with High-Grade Manganese Drill Intersections up to 64.68 Meters Containing Zones of up to 46.3% Mn (59.8% MnO)
2023-10-31 05:21:09
Assay results from the final seven drill holes confirm that thick intersections of high-grade manganese extend along trend for more than 1,100 meters (3,609 feet), containing grades up to 46.3% Mn in individual samples. Results include[1]:
- 46.30% Mn (59.78% MnO) over 1.46 meters within 16.62% Mn over 20.60m
- 44.60% Mn (57.59% MnO) over 1.43 meters within 12.31% Mn over 32.46m
- 42.60% Mn (55.01% MnO) over 0.76 meters within 12.85% Mn over 64.68m
- 41.10% Mn (53.07% MnO) over 1.43 meters within 25.63% Mn over 5.61m
The drilling program has demonstrated excellent continuity of high-grade manganese, and mineralization has not been closed by drilling along trend or at depth.

Analytical data confirms that sulfur (S), which is assayed in every sample, is seldom above detection (0.001%).

TORONTO, ON / ACCESSWIRE / October 31, 2023 / Electric Metals (USA) Limited (“EML” or the “Company”) (TSXV:EML)( OTCQB:EMUSF) is pleased to announce the final assay results from the recent drilling program at the high-grade Emily Manganese Project (“Emily Project”), Minnesota, USA.

Previously reported results from the first twenty diamond drill holes of the program (refer announcements dated 27^th June 2023, 13^th July 2023, 24^th August 2023 and 21^st September 2023) described continuity of thick intervals of more than 30% manganese with a northerly dip and east-west strike direction.

New results reported in this announcement are for an additional seven drill holes located on 100-meter collar spacing (23047, 23048, 23049, 23050, 23052, 23053 and 23054) which confirm that high-grade, thick manganese intervals encompass at least 1,100 meters along an east-west trend (Table 1 and Figures 1-4) and show that the high-grade manganese oxide mineralization (manganite) has not been closed at depth or along trend.

New Assay Results

All seven drill holes intersected high-grade manganese with drilled intervals (approximate true thickness) of more than 20 meters (Table 1). Intervals with manganese contents of more than 44% Mn were intercepted in holes 23047, 23050 and 23053 however, all holes contain conspicuous intervals of more than 30% Mn within mineralized zones (5% Mn cut-off) of up to 64.68 meters thick. Importantly, the mineralization has excellent continuity in both thickness and tenure both along trend (Figure 2) and down down-dip (Figures 3 and 4).

Data Summary

Analytical data on quartered PQ sized drill core from the 27 completed diamond drill holes at Emily comprise a total of 2,156.6 meters (7,075.5 feet) of drill core (Table 2). Overlying rocks, host rock and underlying strata without visible mineralization were not sampled and uncut drill core from these intervals are kept on site for ongoing geology study. In total, 417 samples exceeded 10% Mn and these showed an average grade of 24% Mn which is largely contained within the dark grey to black manganese oxide mineral manganite (MnO(OH)).

Other major elements in the Mn mineralized rock include iron (Fe) and this ranges from 4.54% Fe to 51.99% Fe. Average iron content is the same for both the high Mn and low Mn sample groups (21.72% Fe) but the distribution shows a trend of lower Iron content in manganese samples with more that 25% Mn (Figure 5).

Quartz (SiO₂ ) is the other main component of the mineralization and ranges up to 78.1% in the mineralized samples. Like Fe, there is a distinct decrease in quartz component with increasing manganese (Figure 5) and only a few samples with more than 25% Mn have greater SiO₂ than Mn content. Typically, very high-grade Mn samples have low SiO₂ content (Figure 6).

Copper, nickel and lead do not occur in the mineralization. Contents of these for each assayed interval are commonly less than detection (0.001%) and seldom more than 0.05%. Similarly, sulfur (S), also assayed for every sample, is seldom above detection (0.001%) and only ten samples (1.3% of analyses) contain more than 0.05% sulfur. There is unlikely to be concerns over metal contamination and acid generation from sulfides in any future development.

Figure 1. Location of drill holes 23047, 23054, 23048, 23053, 23049, 23052 and 23050 showing the project area, manganese host rock (Emily Iron Formation) and location of cross sections in Figures 2, 3 and 4.

Figure 2. Long section I-J (refer Figure 1) showing drill hole traces of AC-02-11, 23001A, 23042, 23044, 23045, 23046A, 23047, 23048, 23049 and 23050, with manganese contents in assayed intervals and geology.

Figure 3A and 3B. Cross section A-B (refer Figure 1) upper (Figure 3A) showing drill hole traces of 23047 and 23054 and cross section C-D lower (Figure 3B) showing drill hole traces of 23048 and 23053 together with manganese contents in assayed intervals and geology.

Figure 4A and 4B. Cross section E-F (refer Figure 1) upper (Figure 4A) showing drill hole traces of 23049 and 23052 and cross section G-H lower (Figure 4B) showing drill hole trace of 23050 together with manganese contents in assayed intervals and geology.

Table 1. Average assay data highlights for drill holes 23047, 23048, 23049, 23050, 23052, 23053 and 23054 [2].

Table 2. Summary data for manganese mineralized samples in the 2023 Emily drilling program [3].

Figure 5. Data plots of Mn% vs Fe% (left) and Mn% vs SiO2% (right) for 766 mineralized samples with Manganese contents more than 5% Mn.

Typical mineralized drill core is shown in Figures 6, 7 and 8. These contain considerable differences in Mn:Fe and Mn:SiO₂ ratios despite some similarities in manganese mineralogy and texture.

Metallurgical test work on composited samples collected from drill holes completed in the first part of the program is progressing at Kemetco Research Inc in Vancouver and results from this work will assist in manganese separation and concentration parameters of different ore types and ratios. Metallurgical investigations are expected to continue into 2024.

Geological Consultants, Big Rock Exploration have managed the drilling program and geology work and are currently near completion of a geological model for the deposit. Forte Dynamics Inc have commenced a NI43-101 resource update, and this is expected to be completed in late 2023.

Gary Lewis, Group CEO of EML commented on these final Emily results: “The thickness and grades of manganese have continued to the last drill hole, and we remain confident that we have substantially added to both the size and the average grade of the deposit.”

“The drilling program has been undertaken at the highest standard and achieved better outcomes than anticipated. I congratulate and thank our technical team, the drillers and all of the support crew who have worked tirelessly during the program.”

“We are now focused on advancing the metallurgical tests and finalizing a new NI 43-101 mineral resource estimate, which remains on track for delivery late this year. Environmental baseline data review and field studies are now underway and together with our social engagement programs, will form an important base for future project planning.”

“The strategic value of US-domiciled critical mineral projects such as the Emily Manganese Project has never been greater as the world transitions to clean energy and as domestic sources of supply becomes more important in an increasingly uncertain global landscape”.

Figure 6. High-grade manganese in drill hole 23057. Sample 798734 (91.4m to 92.17m; 299.9-302.4 feet) contains 44.0% Mn, 10.69% Fe and 0.79% SiO₂.

Figure 7. Manganese mineralization in drill hole 23048. Sample 799254 (123.54m to 125.03m; 405.3-410.2 feet) contains 26.1% Mn, 26.57% Fe and 7.29% SiO₂.

Figure 8. Manganese mineralization in drill hole 23047. Sample 799134 (129.84m to 130.55m; 426-428.3 feet) contains 16.1% Mn, 15.00% Fe and 48.6% SiO₂.

Qualified Person

The scientific and technical data contained in this news release was reviewed and approved by Ian James Pringle PhD, who is a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

About Electric Metals (USA) Limited

Electric Metals (USA) Limited (TSXV: EML) (OTCQB: EMUSF) is a U.S.-based mineral development company with manganese and silver projects geared to supporting the transition to clean energy. The Company’s principal asset is the Emily Manganese Project in Minnesota, which has been the subject of considerable technical studies, including a National Instrument 43-101 Technical Report – Resource Estimate, with over US$26 million invested to date. The Company’s mission in Minnesota is to become a domestic U.S. producer of high-purity, high-value manganese metal and chemical products for supply to U.S. energy, technology and industrial markets. With manganese playing a critical and prominent role in lithium-ion battery formulations, and with no current domestic supply or active mines for manganese in North America, the development of the Emily Manganese Project represents a significant opportunity for America, the State of Minnesota and for the Company’s shareholders. In addition, the Company owns and operates the Corcoran Silver-Gold Project and the Belmont Silver Project in Nevada, with the former also having been the subject of a National Instrument 43-101 Technical Report – Resource Estimate.

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.

For further Information please contact:
Gary Lewis, Group CEO & Director: (647) 846 5299 – This email address is being protected from spambots. You need JavaScript enabled to view it.

Caution Regarding Forward-Looking Information

Certain statements contained in this news release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on EML’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this news release contains forward-looking information relating to, among other things, the development of the Company’s projects. Those assumptions and factors are based on information currently available to EML. Although such statements are based on reasonable assumptions of EML’s management, there can be no assurance that any conclusions or forecasts will prove to be accurate.

While EML considers these statements to be reasonable based on information currently available, they may prove to be incorrect. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include market risks and the demand for securities of the Company, risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions, access and supply risks, reliance on key personnel, operational risks, and regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks.

The forward-looking information contained in this news release is made as of the date hereof, and EML is not obligated, and does not undertake, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

^[1] Drilled intervals shown are close to true thickness.
^[2] Assaying undertaken by ALS (Reno, NV) included a 23-element suite (ME-XRF21). High manganese samples (>25% Mn) were re-assayed using ME ICP81.
^[3] Assaying undertaken by ALS (Reno, NV) included a 23-element suite (ME-XRF21). High-grade manganese samples (>25% Mn) were re-assayed using ME ICP81.
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October 31, 2023
VR Resources samples widespread high-grade copper-silver mineralization at New Boston in Nevada, and submits drill permit application to the BLM.
2023-10-31 04:50:35
October 31, 2023 – TheNewswire – Vancouver, BC – VR Resources Ltd. (TSX.V:VRR) (FSE:5VR) (OTC:VRRCF), the “Company“, or “VR”, is pleased to provide an exploration update for its New Boston polymetallic copper-moly-silver porphyry system located in west-central Nevada.

VR completed a site visit to New Boston in August for two reasons:
1. Sample stockwork copper-silver veins across the property in order to obtain modern ICP-MS geochemical data spanning the entire 4 km breadth of the polymetallic porphyry system, and;
2. Site drill pad locations in the field in order to submit a Notice of Intent drill permit (NOI) application to the BLM, Nevada.
Copper-Moly-Silver veins

Figure 1. Satellite image with grab sample locations which illustrate the polymetallic nature of the sheeted and stockwork veins in copper, moly and silver across the 4 km of strike of the system on surface:
- Photo 1. 1.65% Cu and 12.7 g/t Ag in stratabound sheeted quartz veins in skarn replacement rock in limestone at Blue Ribbon on the western edge of the 4 km system;
- Photo 2. 1.74% Cu with 1,115 g/t Ag in quartz replacement of host limestone at Isabella/Kay Mine in the lower temperature alteration halo on the southeast periphery of the 4 km system;
- Photo 3. 0.26% Cu, 0.14% Mo with 112 g/t Ag in leached quartz vein breccia with copper wad and iron oxide after massive chalcopyrite at the Scorpion showing located on the GW Boundary Zone, a major mineralized structure in the centre of the 4km system of sheeted veins;
- Photo 4. 4.3 – 10% Cu, 0.13 – 0.23% Mo, and 66 – 316 g/t Ag in iron-oxide skarns and porphyry stockworks in maroon gossans atop the northwest-plunging, 900 m long conductor at East Zone.
NOI drill permit

Figure 2. Satellite image showing the drill sites identified in the NOI drill permit application. The drill holes target stockwork veins with copper in both the East Zone and north of the Jeep Mine, based on the results of the 3-D array, DCIP geophysical survey completed in April (see NR-23-15, June 27, 2023). Note the strong colour anomalies at iron-silica gossans around the conductors in the satellite image in Figure 2.

Context from VR’s CEO, Dr. Michael Gunning, “Conoco branded New Boston as a world class, and perhaps one of the largest known moly systems in the world at the time, during the porphyry exploration boom in western North America during the 1960s and 1970s, before exploration came to a grinding halt in 1981. The data and rock photos in this news release illustrate how, some forty years later, modern ICP-MS geochemistry highlights the true polymetallic nature of the porphyry system, and how widespread the high-grade copper-silver veins actually are on surface across the 4km alteration footprint at New Boston.

Despite the grades in the new grab sample assays, they are not the target. The state-of-the-art geophysics completed by VR in April, with technologies literally not available to Conoco in the 1970s, paints a clear picture for a central porphyry stock target with concentrated vein stockworks of conductive copper sulfide. The conductor shown on the satellite image in Figure 2 comes to surface and plunges for 900 m to the west into the bowl, open, without a single historic drill hole into it. With our permit, we intend to change that!

Why now? The US government has recently added copper to the top of its Critical Metal list for domestic, raw material supply for sustainable, downstream technologies and industries as the Green Economy emerges. Nevada has both a long history in mining and a well-established pedigree and endowment in copper, and we believe New Boston has both the size and polymetallic grade composition to contribute.

We have been working with the BLM on this NOI drill permit application for the past month or so, and no hurdles or impediments have been identified. We have worked with the BLM on numerous other projects over the past decade, and we anticipate the same transparent and efficient process for New Boston.

With that, we look forward to providing further updates as our exploration at New Boston advances.

Technical Information

Summary technical and geological information for the Company’s various exploration properties including New Boston is available at the Company’s website at www.vrr.ca.

VR submits all surface grab samples and/or drill core samples collected from Nevada-based exploration projects for geochemical analysis to the ALS Global (“ALS”) laboratory in Reno, Nevada. Sample preparation is completed in Reno. Analytical work is completed at the ALS laboratories located in Vancouver, BC., including ICP-MS analyses for base metals and trace elements, and gold determination by atomic absorption assay. Analytical results are subject to industry-standard and NI 43-101 compliant QAQC sample procedures at the laboratory, as described by ALS.

Technical information for this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101. Justin Daley, P.Geo., VP Exploration and a non-independent Qualified Person oversees and/or participates in all aspects of the Company’s mineral exploration projects, and the content of this news release has been reviewed on behalf of the Company by the CEO, Dr. Michael Gunning, P.Geo., a non-independent Qualified Person.

About the New Boston Property

Location

New Boston is within the Walker Lane mineral belt and structural province in west-central Nevada. More specifically, it is within the co-spatial belts of Jurassic and Cretaceous aged copper and moly porphyry deposits, including the Yerington camp and Hall deposit.

New Boston is located in the Garfield Range in Mineral County, approximately 150 km southeast of Reno. Vegetation is sparse in the range; outcrop or colluvium predominate on the property itself, with quaternary cover developed off its eastern border and eastern flank of the range.

The property location facilitates cost-effective exploration, year-round. Access is from the nearby town of Luning located just 5 km to the east on State Highway 95 connecting Reno and Las Vegas. The property itself is criss-crossed by a myriad of active, historic trails and roads which are reachable from the highway.

Property Description

The New Boston property is large. It consists of 77 claims in one contiguous block approximately 3 x 5 km in size and covering 583 hectares in total (1,441 acres). It covers the entire extent of the known copper-moly-silver porphyry-skarn mineral system exposed on surface between Blue Ribbon and East Zone, and its inferred down-dip potential to the north.

The property is on federal land administered by the Bureau of Land Management (BLM). There are no state or federal land use designations, or privately-owned land which impede access to the property, nor is the property within the BLM’s broadly defined area of sage grouse protection.

The property is owned 100% by VR. There are no underlying annual lease payments, nor are there any joint venture or back-in interests. The vendor of the property retains a royalty.

About VR Resources

VR is an established junior exploration company based in Vancouver (TSX.V: VRR; Frankfurt: 5VR; OTCQB: VRRCF). VR evaluates, explores and advances opportunities in copper, gold and critical metals in Nevada, USA, and Ontario, Canada, and most recently, a kimberlite breccia pipe discovery in northern Ontario. VR applies modern exploration technologies and leverages in-house experience and expertise in greenfields exploration to large-footprint mineral systems in underexplored areas/districts. The foundation of VR is the proven track record of its Board in early-stage exploration, discovery and M&A. The Company is well-financed for its mineral exploration and corporate obligations. VR owns its properties outright and evaluates new opportunities on an ongoing basis, whether by staking or acquisition.

ON BEHALF OF THE BOARD OF DIRECTORS:

“Michael H. Gunning”

____________________________

Dr. Michael H. Gunning, PhD, PGeo

President & CEO

For general information please use the following:

Website: www.vrr.ca
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: 778-731-9292

Forward Looking Statements

This news release contains statements that constitute “forward-looking statements”. Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur. Forward-looking statements in this document include statements concerning VR’s expectations concerning the Hecla-Kilmer property and all other statements that are not statements of historical fact.

Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature forward-looking statements involve assumptions, known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; the Covid-19 pandemic; adverse industry events; future legislative and regulatory developments in the mining sector; the Company’s ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of the Company to implement its business strategies; competition; and other assumptions, risks and uncertainties.

The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

This news release may also contain statements and/or information with respect to mineral properties and/or deposits which are adjacent to and/or potentially similar to the Company’s mineral properties, but which the Company has no interest in nor rights to explore. Readers are cautioned that mineral deposits on similar properties are not necessarily indicative of mineral deposits on the Company’s properties.

Trading in the securities of the Company should be considered highly speculative. All of the Company’s public disclosure filings may be accessed via www.sedarplus.ca and readers are urged to review them.

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

Figure 1. Satellite image of the New Boston property in west-central Nevada, with the town of Luninig and Highway 95 connecting Reno and Las Vegas in the upper right. Orange circles refer to the set of four photographs on the following pages of surface mineralization with copper, moly and silver in sheeted and stockwork veins.

Photo 1. Sheeted and stockwork veins at the Blue Ribbon workings at the western end of the 4 km system of at New Boston, with historic drill intercepts of 92ft @ 1.38% copper in BR1 (1972). The photo is looking south from the series of high-grade workings towards the folded, north-dipping limestone strata that host mineralization.

Photo 2. Isabelle/Kay Mine in the skarn and alteration halo on the southeastern periphery of the 4 km system of sheeted veins at New Boston, with Luning and Highway 95 in the background. The veins and replacement zones have high-grades in copper and silver, yet with high sulfur, lead and zinc they are consistent with a more distal setting to the stockwork veins in the center of the overall system at East Zone located to the north, over the horizon in the background of the photo on the left.

Photo 3. Scorpion vein on the orange gossan trace along the GW Boundary Zone and fault separating the Jeep Mine to the west and the East Zone conductor to the east. This property-scale structure divides the two different styles of mineralization at New Boston, and itself hosts high-grade vein and vein breccia copper-silver-moly mineralization. The rock photo shows oxide remains of leached chalcopyrite, with high molybdenum and silver grades suggestive of a much higher original copper grade of 4-10%, similar to samples at East Zone.

Photo 4. Deep maroon colour anomalies associated with intense iron-silica-sulfide skarn replacement zones and gossan around monzonite porphyry dykes at East Zone at the eastern end of the 4 km system of sheeted veins at New Boston. The gossans are the surface expression above the largest and strongest geophysical anomaly for concentrated veins of conductive copper sulfide on the property, shown on the satellite image in Figure 2.

Figure 2. Satellite image showing drill sites in the Notice of Intent (NOI) drill permit applications for the East Zone and Jeep Mine areas. Red dashed arcs are the conductivity anomalies from the 3-D DCIP survey in 2023. The East Zone conductor is inferred to be concentrated veins of conductive copper sulfide in a monzonite stock at the center of the New Boston porphyry system, with no historic drill holes.
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October 31, 2023
Solis Minerals: Commencement of Second Drill Rig at Estrela, Brazil
2023-10-30 12:51:25
HIGHLIGHTS
- A second large capacity rig is now on site and has commenced drilling on outcropping lithium pegmatite targets at Estrela
- Multiple outcropping pegmatites have been identified at Estrela and are scheduled for testing as part of this initial program of 3,600m
- A regional scale geochemical programme on northern Borborema tenements being mobilised
- Solis continues to negotiate additional acquisitions in the Borborema Province
West Leederville, Western Australia–(Newsfile Corp. – October 30, 2023) – Solis Minerals Limited (ASX: SLM) (“Solis” or the “Company”) is pleased to announce an update on the commencement of the second drill rig at the Estrela prospect in the Borborema Province of Brazil.

Executive Director, Matthew Boyes, commented: “Solis is exploring the lithium potential within the Borborema Province, with primary targets at Estrela and Mina Vermelha. Both prospects are located ~15km from the town of Parelhas, where the Company has established a base to facilitate operational management and engage with local communities.

“A second large capacity drill rig has now commenced drilling at the Estrela prospect which will accelerate the programme. Between the two rigs, all currently known pegmatites on the Estrela tenements will be tested before year end.

“In addition to the Estrela drilling program, Solis is pleased to have contracted Mountain GMT to commence a large geochemical programme on several northern tenements in the Borborema Project package. The collection of eight tenements, located near the town of Cerro Cora, covers a significant portion of the northern Borborema lithium corridor. This initial programme includes geochemical soil sampling and will guide drill targeting during 2024.”

Figure 1: Drone view at Estrela prospect of second TRUST drilling rig in foreground targeting the downdip extension of a large outcropping pegmatite in the foreground of the photo.

The Drilling Programme

The ongoing maiden drilling programme at Estrela consists of 3,600m for 23 diamond drillholes (Figures 1, 2 & 3) and will target four outcropping pegmatite bodies with identified spodumene in rock chip samples¹. The outcropping pegmatites have been mapped over a strike distance of greater than 1.2km with surface expressions exhibiting widths up to 30m in artisanal workings.

Drillholes are designed to intersect the pegmatite bodies at between 60-120m below surface with the scope of demonstrating the bodies have potential to host economically viable volumes and grades of mineralisation. Solis expects this initial programme will complete before year end now the second rig has arrived on site.

Figure 2: Drillhole location plan for maiden drill programme at Estrela prospect. The second rig has commenced on the outcropping pegmatites below artisanal workings located in the north eastern portion of the tenement.

Geochemical programme in northern Borborema tenements

Mountain GMT, a local exploration consultancy, has been contracted to complete a surface mapping and geochemical soil sample programme. The area of interest includes eight tenements covering approximately 12,200 hectares of underexplored greenfields ground in the northern Borborema lithium district (Figure 3). The plan is to collect 2,500 soil samples covering approximately 4,000 hectares to be completed in the first quarter of 2024.

Figure 3: Map showing Solis’ tenement positions in the Borborema Province. The initial geochemical programmes will be located on the tenement package close to Cerro Cora in the northeast of the map (blue circle). Estrela is numbered 23.

This announcement is authorised by Matthew Boyes, Executive Director of Solis Minerals Ltd.

Australia
Matt Boyes
Executive Director
Solis Minerals Limited
+61 8 6117 4795

Jonathan van Hazel
Investor Relations
Citadel-MAGNUS
+61 (0) 411 564 969

North America
Jason Cubitt
VP of Administration
Solis Minerals Limited
+1 (604) 209 1658

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

About Solis Minerals

Solis Minerals is an emerging lithium explorer focusing on Latin American critical minerals.

The Company owns a 100% interest or option to acquire 100% interest in the Borborema Lithium Project in NE Brazil, covering 26,100ha.

Brazil is rapidly growing in global importance as an exporter of lithium to supply increasing demand of battery manufacturers. The Company’s projects cover highly prospective, hard-rock lithium ground on which early-stage reconnaissance mapping and sampling have verified. Drilling programmes are either underway or in preparation to commence shortly.

In addition, Solis also holds a 100% interest in 35,700ha of combined licences and applications of highly prospective IOCG (iron oxide copper/gold) and porphyry copper projects in southwestern Peru within the country’s prolific coastal copper belt — a source of nearly half of Peru’s copper production.

Forward-Looking Statements

This news release contains certain forward-looking statements that relate to future events or performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected, including, but not limited to, market conditions, availability of financing, actual results of the Company’s exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labour issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof, and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.

Qualified Person Statement

The technical information in this news release was reviewed by Matthew Boyes a Fellow of the Australian institute of Mining and Metallurgy (AusIMM), a qualified person as defined by National Instrument 43-101 (NI 43-101).

Competent Person Statement

The information in this ASX release concerning Geological Information and Exploration Results is based on and fairly represents information compiled by Mr Matthew Boyes, a Competent Person who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Boyes is an employee of Solis Minerals Ltd. and has sufficient experience which is relevant to the style of mineralisation and types of deposit under consideration and to the exploration activities undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australian Code for Reporting of Mineral Resources and Ore Reserves”. Mr Boyes consents to the inclusion in this report of the matters based on information in the form and context in which it appears. Mr Boyes has provided his prior written consent regarding the form and context in which the Geological Information and Exploration Results and supporting information are presented in this Announcement.
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October 30, 2023
Fremont Gold Announces Closing of First Tranche of Private Placement and Commencement of Drill Program at Vardenis

2023-10-30 11:54:58

Vancouver, British Columbia–(Newsfile Corp. – October 30, 2023) – Fremont Gold Ltd. (TSXV: FRE) (FSE: FR20) (OTCQB: FRERF) (“Fremont” or the “Company“) is pleased to announce the closing of the first tranche of its previously announced non-brokered private placement (the “Private Placement“) consisting of a total of 11,553,000 units (the “Units“) at a price of $0.10 per unit for gross proceeds of $1,155,300.

Each Unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase an additional common share at a price of $0.17 per share for a period of 24 months following closing of the Private Placement.

The Company intends to use the net proceeds of the Private Placement for general working capital, to undertake an initial drill campaign at the Company’s Vardenis project located in central Armenia, advance the Urasar project and to repay $100,000 of a loan in the amount of $200,000 cash provided by Dennis Moore (the President and CEO of the Company).

The securities issued pursuant to the Offering will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an exemption from the registration requirements.

All securities issued in connection with the Private Placement are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation and the policies of the TSX Venture Exchange, pursuant to which they may not be sold or transferred until February 28, 2024.

The TSX Venture Exchange’s final acceptance of the Private Placement is conditional upon the Company satisfying the filing requirements as outlined in TSX Venture Exchange Policy 4.1, ‘Private Placements.’

Pursuant to Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101“) the Company advises that certain directors and officers of the Company participated in the Private Placement. This participation, as well as the proposed loan repayment to Dennis Moore constitute “related party transactions” under MI 61-101. The Company will be relying on the exemptions from the formal valuation requirements contained in section 5.5(b) of MI 61-101 and the minority shareholder approval requirements contained in section 5.7(1) (a) of MI 61-101, as the Company is not listed on specified markets and the fair market value of the insider participation in the Private Placement and the loan repayment to Mr. Moore does not exceed 25% of the Company’s market capitalization, as determined in accordance with MI 61-101.

Approval of the Vardenis Definitive Agreement

The Company is pleased to announce that the TSX Venture Exchange has approved the terms of the Vardenis definitive agreement (see news release of June 6, 2023). The definitive agreement provides the Company with an option to acquire up to a 100% interest in Mendia Resources Corp. (“Mendia“), an Armenian corporation, with Mendia’s sole shareholder, an Armenian individual (the “Optionor“). Mendia holds the exploration license over the Vardenis copper-gold project in central Armenia. The option agreement provides for a series of staged cash payments, share issuances and work commitments over 4.5 years to earn up to 100% of Mendia. The cash and share grants total US$350,000 and 2.2M Fremont common shares, respectively, to earn up to 90% of Mendia. The work commitments consist of (i) exploration surveys and mapping, construction of drill roads, and 2,500 meters of diamond drilling by December 2024; (ii) a further 5,000 meters of diamond drilling by June 2026; and (iii) a preliminary economic assessment level study by December 2027.

On exercise of the option to acquire 90% of Mendia, the Company will have a further option to acquire the remaining 10% of Mendia for a maximum of US$3,500,000 in cash, a maximum of 7,000,000 common shares, or a combination thereof. See a complete description of the option terms and the Vardenis property in the news release dated May 9, 2023.

Mendia and the Optionor are arm’s length parties to the Company. There were no finder fees paid in connection with the transaction.

Pursuant to the TSX Venture Exchange’s conditional approval, the Company will file a NI-43-101 compliant report on the Vardenis project no later than November 30, 2023.

Vardenis Exploration

The Company is pleased to announce that it has completed the analysis of historical geochemical and spectral data collected by Dundee Precious Metals (“Dundee“) augmented by 720 additional samples for spectral analysis collected by the Company in July this year (see news release dated June 6, 2023). This desktop study was followed up by detailed alteration mapping over areas of the project where the combination of geochemical and spectral data suggests the possibility of porphyry-style mineralization. The mapping work allowed the definition of the Razmik Cu-Mo porphyry target, which is the current focus of the exploration work at Vardenis and is being drill-tested for the first time.

Figure 1. Location of the Razmik Cu-Mo porphyry target and additional targets within the large historical Cu soil anomaly

Razmik Porphyry Target

The Razmik Cu-Mo Porphyry target is likely the center of the entire Vardenis alteration system and for now is the main exploration target within the property. The system is characterized by a large zone of quartz-sericite alteration with two centers of B and D-type veinlets (Razmik SE and Razmik NW). The quartz-sericite-chlorite core is surrounded by extensive propylitic alteration on its south, east, and west margins and by preserved advanced argillic on the north and northwest. The northwest striking sericite to chlorite-sericite alteration zone is approximately 2.1 km by 0.5 km and represents the core of the porphyry system.

Figure 2. Alteration, veinlets, and geochemistry overview of the Razmik porphyry.

Razmik SE is approximately 450 m by 300 m of multiple outcropping zones of B veinlets surrounded by D veinlets. Historical sampling of these veinlets shows Mo values up to 600 ppm and Cu up to 0.14% Cu.

Razmik NW comprises a core of B veinlets measuring 430 m by 230 m surrounded by a zone of pyrite veinlets of up to 700 m by 400 m. Historical sampling shows Mo values up to 2,093 ppm (being the highest Mo value on the property), and 442 ppm Cu. Razmik NW and SE are separated by zones of chlorite-sericite clay alteration and also by a post-mineral lava flow, opening the possibility of additional porphyry mineralization below the post-mineral cover.

Figure 2 shows a summary map of alteration and veinlets from the Razmik porphyry target including both veinlet centers, Razmik SE and Razmik NW. The sericite to chlorite-sericite that contains the two porphyry centers transitions to propylitic alteration (chlorite, epidote, calcite, albite, pyrite, magnetite) to the south and southwest, to advanced argillic (quartz-dickite, quartz-kaolinite) to the northwest, and to intermediate argillic (illite, smectite, pyrite) to the north and northeast. A small outcrop with remnants of K-feldspar alteration, quartz and magnetite veinlets was observed on the eastern margin of the Razmik SE sericitic zone, and a narrow zone of chlorite-magnetite marks the boundary between sericitic and propylitic alteration in this area.

Figure 3. Examples of porphyry quartz veinlets from Razmik SE. A shows dark, narrow and sinuous, possibly A-type veinlets while B, C, and D show more rectilinear veins with a central suture typical of B-type veinlets.

Drill Targets

Combining the historical work from Dundee with the recent field mapping reveals that the most prospective area for porphyry copper-moly mineralization is the large Razmik copper anomaly. With its two centers of B and D-veinlets and high values of Mo in historical samples, Razmik is a target that could host a significantly large Cu-Mo porphyry deposit.

Both zones of Razmik are accessible by road and therefore easy to be drill tested. A preliminary drill program is planned for the Razmik porphyry target (Figure 4) comprising a minimum of two diamond drill holes.

Drill Program Commences

An Atlas Copco CS14 drill rig capable of drilling up to 1,000 meters depth has been mobilized to site. Initial drill holes will investigate the thickness of the sericitic alteration and the transition from Mo>Cu to dominant copper (Figures 4 and 5). Final depths will depend on alteration changes and observed mineralization as the holes advance.

Figure 4. Location of proposed holes for Razmik NW and Razmik SE, illustrating the envelope of quartz veinlets on the surface and Mo anomaly as well as existing road access.

Figure 5. Porphyry copper model/animation showing proposed drill holes at Razmik SE and NW, Vardenis property.

Dennis Moore, Fremont’s President and CEO, states, “It has been an exciting two years putting our Armenian portfolio together. We now have two very promising projects in Vardenis and Urasar. It was not easy starting in a new jurisdiction, but management recognized the enormous opportunities in this part of the Tethyan belt and believes the Company’s shareholders will be rewarded for their patience. We are thrilled that the drill rig will be turning at Vardenis and that we will be able to carry out our initial mapping and surveying at Urasar before winter sets in.“

Early warning report

William Richard Brown of Vancouver, British Columbia, Canada, did not acquire or dispose of any securities of the Company to trigger the requirement to file an early warning report. Immediately prior to the completion of the Private Placement, the Company had 25,869,097 common shares issued and outstanding and Mr. Brown owned and/or had control over 3,687,500 common shares of the Company, representing approximately 14.25% of the issued and outstanding common shares of the Company at such time, on an undiluted basis. Pursuant to the Private Placement, the Company issued 11,553,000 common shares and the Company now has 37,422,097 common shares issued and outstanding. Mr. Brown owns 3,687,500 common shares of the Company, representing approximately 9.85% of the total issued and outstanding common shares of the Company as at October 27, 2023. This represents an approximate 4.40% change in Mr. Brown’s ownership and/or control of common shares of the Company on a non-diluted basis. The securities owned and/or controlled by Mr. Brown are held for investment purposes. Mr. Brown may, depending on market and other conditions, increase or decrease his ownership of the Company’s securities, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.

The disclosure above with respect to Mr. Brown’s shareholdings contained in this news release is made pursuant to Multilateral Instrument 62-104 – Take-Over Bids and Issuer Bids and a report respecting the above acquisition will be filed with the applicable securities commissions using the System of Electronic Document Analysis and Retrieval (SEDAR+) website at www.sedarplus.ca.

Qualified Person

The scientific and technical content of this news release was reviewed by Dennis Moore, Fremont’s President, CEO and interim Chairman, who is a Qualified Person as defined by National Instrument 43-101.

About Fremont Gold

Fremont’s mine-finding management team has assembled a portfolio of high-quality copper-gold projects within the central Tethyan Belt of Armenia with the intention of making world-class size discoveries. These projects include the Vardenis copper-gold property located in central Armenia and the Urasar District gold project in northern Armenia. Other opportunities in the belt are being evaluated. The Company also holds three substantial gold properties in Nevada and is in the process of vending these assets.

On behalf of the Board of Directors,

Dennis Moore

President and CEO, interim Chairman

Telephone: +351 9250 62196
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
www.fremontgold.net
https://twitter.com/GoldFremont
https://www.linkedin.com/company/fremont-gold/

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 Statements

This news release contains forward-looking statements. All statements other than statements of historical fact included in this news release, including, without limitation, statements regarding the use of proceeds from the private placement, the drill program on the Vardenis project and work on the Urasar project, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements including in respect of planned exploration activity at each of Vardenis and Urasar. Important factors that could cause actual results to differ materially from the Company’s expectations including the risks detailed from time to time in the filings made by the Company with securities regulations. The reader is cautioned not to place undue reliance on any forward-looking information. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by Canadian securities law.

Not for distribution to United States newswire services or for dissemination in the United States

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October 30, 2023

Valhalla Metals Reports High-Grade Mineralization from Maiden Drill Program at Flagship Sun Project Including 21m of 6.84% CuEq

2023-10-30 05:36:15

Vancouver, British Columbia–(Newsfile Corp. – October 30, 2023) – Valhalla Metals Inc. (TSXV: VMXX) (OTCQB: VMXXF) (“Valhalla” or the “Company“) is pleased to announce assay results from four diamond drill holes totaling 1,104 m completed during the 2023 exploration program at its flagship Sun project located in the World Class Ambler Mining District, Northwest Alaska. All four drill holes intersected multiple significant mineralized intervals and are summarized below.

Highlights Include:

Sun23-01 intersected 13.7m of 3.07% CuEq* (1.24% Cu, 0.92% Pb, 3.45% Zn, 0.16 g/t Au, and 55.79 g/t Ag);
Sun 23-02 intersected 14.6m of 1.91% CuEq including 10.8m of 2.2% CuEq (0.69% Cu, 0.73% Pb, 2.88% Zn, 0.12 g/t Au, and 53.77 g/t Ag);
Sun23-03 intersected 13.8m of 3.44% CuEq including 8.7m of 4% CuEq (1.89% Cu, 1.23% Pb, 3.35% Zn, 0.29 g/t Au, and 94.36 g.t Ag);
Sun 23-04 intersected 21.4m of 6.84% CuEq (1.31% Cu, 3.23% Pb, 11.03% Zn, 0.24 g/t Au, and 108.31 g/t Ag) within a larger interval of 52.4m of 3.3% CuEq.

The 2023 drilling campaign was designed to test mineralization down-dip and along strike to known mineral resources and represented significant step-outs from known mineralization.

FIGURE 1: Massive sulfide from hole Sun23-004 showing a section of 21.4m of 6.84% CuEq.

Rick Van Nieuwenhuyse, Chairman said, “These are four great step-out holes demonstrating that the VMS system continues to depth with mineable grades and thicknesses of copper, zinc and precious metals. All we need to do is keep drilling to expand the known resources. If the Biden Administration wants Critical Metals, we know where to find them!”

FIGURE 2: Plan view map showing historic drilling, relogged drill holes, and 2023 assay results.

Sun Project Work Program

The 2023 program included the construction of a new 24-man camp, a LiDAR and orthophotography survey over the Sun and Smucker properties, and a ground gravity survey at Sun. The Company also completed 4 drill holes for a total of 1,104m in addition to relogging 6 historic drill holes totalling 1,416m of core (Figure 2). Final analytical results and drill hole statistics are shown below in the tables.

The drilling was designed to fill in gaps within inferred areas of the resource model in addition to testing the continuation of mineralization downdip and along strike. Mineralized intervals represent large step outs from known resources and range between 50m and 150m step outs. All holes confirm that mineralization does continue down-dip and along strike. Sun23-002 intersected a new thick interval of mineralization not previously identified and intersected 14.6m of 1.91% CuEq including 10.8m zone of 2.2% CuEq. Sun23-003 and Sun23-004 intersected thick zones of mineralization not previously identified in nearby holes and warrant excellent opportunity for further investigation (Figure 3).

FIGURE 3: Cross section through Sun23-002, Sun23-003, and Sun23-004 with generalized geology and assays.

TABLE 1. Select Mineralized intervals from the 2023 Sun Project Drilling.

Hole	From (m)	To (m)	Length (m)	CuEq%	Cu%	Pb%	Zn%	Au g/t	Ag g/t
Sun23-01	175.58	189.32	13.7	3.07	1.24	0.92	3.45	0.16	55.79
	including
	178.92	189.32	10.4	3.11	1.27	1.03	3.36	0.17	56.97
	178.92	182.71	3.8	4.58	1.47	1.92	5.62	0.22	98.78
	175.58	177.33	1.8	5.49	2.13	1.05	7.06	0.19	95.17
Sun23-02	89.06	94.31	5.25	1.29	0.61	0.32	1.22	0.11	24.35
Sun23-02	106.92	110.07	3.15	1.63	0.77	0.09	2.01	0.12	9.61
Sun23-02	117.26	131.89	14.63	1.91	0.63	0.61	2.40	0.11	43.8
	including
	121.1	131.89	10.79	2.22	0.69	0.73	2.88	0.12	53.77
Sun23-02	162.77	164.48	1.71	1.46	0.70	0.32	1.26	0.21	25.26
Sun23-02	170.07	171.69	1.62	1.71	1.16	0.13	0.74	0.32	17.42
Sun23-02	290.24	290.77	0.53	2.29	1.35	0.30	1.58	0.34	23.27
Sun23-02	295.67	297.8	2.13	1.93	1.33	0.17	0.84	0.31	21.82
Sun23-03	218.21	222.34	4.13	5.71	1.02	2.15	9.92	0.25	77.19
Sun23-03	225.82	239.68	13.86	3.44	1.66	0.98	3.03	0.22	72.23
	including
	225.82	236.8	10.98	3.74	1.77	1.11	3.27	0.25	84.32
	225.82	234.56	8.74	3.99	1.89	1.23	3.35	0.29	94.36
Sun23-04	125.31	177.69	52.4	3.30	0.82	1.47	4.89	0.14	49.62
	including
	125.31	146.69	21.4	6.84	1.31	3.23	11.03	0.24	108.31
	156.69	177.69	21.0	1.03	0.51	0.36	0.89	0.08	12.11
	156.69	167.69	11	1.21	0.59	0.44	1.07	0.09	14.31

*CuEq = (((Cu%) x $Cu x 22.0462)*0.91 + ((Pb%) x $Pb x 22.0462)*0.8 + ((Zn%) x $Zn x 22.0462)*0.91 + (Au(g/t)/$Au*31.1034768)*0.59 + (Ag(g/t)/$Ag*31.1034768)*0.35))/($Cu*22.0462); Commodity prices: $Cu = US$3.00/lb., $Pb = US$1.00/lb; $Zn = US$1.10/lb; $Au = US$1,700/oz., and Ag = US$20.00/oz.; Recoveries assumed to be 91% Cu, 80% Pb, 91% Zn, 59% Au, 35% Ag and were multiplied for each respective metal. Recoveries are based on the technical report titled “Technical Report on the Sun Project, Brooks Range, Alaska, USA filed on Sedar by the Company on May 18, 2022 and modelled after the recoveries of the neighboring Arctic VMS deposit Feasibility Study; Factors: 22.0462 = Cu% to lbs. per %, 31.1034768 = Au g/t to g per troy oz, and 31.1034768 = Ag g/t to g per troy oz.

TABLE 2. Collar Locations for reported drill holes.

Drill Hole	Easting	Northing	Elevation (m)	Azimuth	Dip	Length (m)	*Step Out Range^ (m)**
Sun23-01	411741	7440896	713	300	-80	254.51	70-75
Sun23-02	412391	7441875	906	300	-85	357.84	120-150
Sun23-03	411717	7440757	713	300	-80	295.35	70-100
Sun23-04	411664	7440812	691	310	-80	196.29	50-100

*Step Out Range refers to the approximate distance of each drill hole to the two closest drill holes.

Sampling Methodology, Chain of Custody, Quality Control and Quality Assurance

All sampling was conducted under the supervision of the Company’s Project Manager. Ore zone samples were delivered to the ALS Laboratories in Fairbanks, AK and further shipped via airplane to the ALS preparation facility in Reno, NV. Non-mineralized intervals were delivered to the ALS Laboratories in Fairbanks, AK and further shipped via boat to the ALS preparation facility in Vancouver, BC. A chain of custody was received for all samples upon delivery to ALS Laboratories in Fairbanks. The samples were analyzed as ½ HQ core and mineralized intervals averaged between 1-1.5m in length and non-mineralized intervals averaged approximately 3m in length. Samples were crushed, pulverized and then analyzed using industry standard analytical methods including a 4-Acid ICP-MS 48 multielement package and a four-acid digestion method for high-grade copper, zinc, lead, and silver samples in Vancouver BC. Gold was analyzed on a 30 g aliquot by fire assay with an AAS finish. Three QA/QC samples (one standard reference material (SRM), one duplicate, and one blank) selected by the logging geologist were inserted into every batch of 20 samples. Duplicate sample ID tags are stapled into core boxes at start of the sample interval. Coarse barren marble landscaping, crushed rock was used as the blank material. Four SRM’s were used in 2023, ranging in accepted copper values of 1.21% to 3.82%, zinc values of 0.05ppm to 17.45%, lead values of 0.5% to 12%, silver values of 10 to 294 ppm, and gold values of 4.96 ppm. Ms. Caroline Vallat, P.Geo., from GeoSpark Consulting Inc. conducted an independent QAQC review, which returned overall strong accuracy and precision of the analytical results. The ALS North American analytical laboratories are accredited by the Standards Council of Canada (SCC) for specific tests listed in our Scopes of Accreditation to ISO/IEC 17025:2005 – General Requirements for the Competence of Testing and Calibration Laboratories. Blank, duplicate and certified reference materials were inserted into the sample stream by the laboratory.

Ambler Access Road Update

The United States Bureau of Land Management (“BLM”) has filed the draft Supplemental Environmental Impact Statement (“SEIS”) for the AAP on its website https://eplanning.blm.gov/eplanning-ui/project/57323/570 and was recorded on the federal register on October 20, 2023. The draft SEIS is open for a 60-day public comment period, until December 19, 2023. Public Comments can be made from the Documents page of the website listed above. The BLM reconfirmed they anticipate a final SEIS is expected in the first quarter of 2024, and a Record of Decision within the second quarter of 2024.

The Proposed Ambler Mining District Industrial Access Road was originally analyzed in the March 2020 Final EIS and authorized in a Record of Decision (ROD) issued in July 2020. Litigation commenced with lawsuits from multiple parties in August and October 2020. In February 2022, the Department of the Interior requested a voluntary remand from the U.S. District Court for Alaska. The Court granted the request in May 2022, returning the matter to BLM to carry out additional supplemental work in response to the lawsuits. The BLM has prepared the Draft Supplemental EIS to ensure compliance with applicable laws, including NEPA, FLPMA, NHPA, and ANILCA.

Qualified Person

Ms. Bonnie Broman, CPG, Vice President, Exploration for Valhalla Metals Inc., is a Qualified Person as defined under National Instrument 43-101 standards. Ms. Broman has verified the data disclosed in this press release, including the sampling, ‎analytical and test data underlying the technical information and has approved this press release.

About Valhalla Metals

Valhalla Metals Inc. is a mineral exploration and development company focused on the advancement of its mineral projects towards feasibility. Valhalla’s flagship project is the Sun copper-zinc-lead-gold-silver VMS projects located in Ambler Mining District, Northwest Alaska. The Company also owns the Smucker project, a high-quality copper-zinc-lead-gold-silver VMS project located in the Ambler Mining District, Northwest Alaska. Valhalla Metals Inc. shares trade on the TSX-V under the ticker symbol VMXX and OTCQB under the ticker symbol VMXXF. For more information about Valhalla, please visit our website at www.valhallametals.com.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

For more information on the Company, please contact Valhalla Metals Inc.

Sorin Posescu, Chief Executive Officer
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Forward-Looking Statements:

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plan”, “plans”, “intends” and similar expressions are intended to identify forward-looking information or statements. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based, are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; and the additional risks identified in the annual information form of the Company or other reports and filings with the TSX-V and applicable Canadian securities regulators. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements included in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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

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October 30, 2023

Ashley Gold Intersects High-grade 41 g/t Au with Visible Gold at Tabor Property Maiden Drill Program

2023-10-26 05:40:13

Mr. George Stephenson reports:

Highlights

TL-23-001 intersects 41 g/t Au over 1m including visible gold from 60.5-meters
Deeper mineralization confirmed in addition to main workings
Metallic Screening of TL-23-001 shows coarse fraction of 535 g/t Au
Mineralization in quartz flooding into wall rock shows elevated Au values
Maiden Program Successfully Confirms High-Grade Nature of Tabor

CALGARY, ALBERTA – TheNewswire – October 26th, 2023 – Ashley Gold Corp. (CSE:ASHL) (“Ashley” or the “Company”) is pleased to announce the assay results for the maiden drill program at the Tabor property. Mineralization was intersected in all holes drilled and all objectives have been reached to advance the project to the next phase.

Darcy Christian, President of Ashley, commented, “This is a great result for Ashley and its shareholders. We have confirmed high grade mineralization of the area as well as deeper mineralized potential identified by historical drilling. We see mineralization into the wall-rock at the vein interfaces which will become important for stoping widths in a production scenario. Grade variability is to be expected in these high-grade systems, the fact we have hit mineralization in all holes is a significant finding especially when considering we have only drilled 550-meters to date. I am looking forward to continued exploration drilling at Tabor and our new Sakoose acquisition.”

Junior Mining Network Figure 1. TL-23-001 core, 11 separate flecks of visible gold were recorded by geologists.

Results

Table 1. Results for Maiden Drill Program.

Hole No.	From (m)	To (m)	Interval (m)*	Au (g/t)
TL-23-001 (Mineralized Zone)	57.50	65.50	8.00	5.23
Including	60.50	61.50	1.00	41.00
TL-23-002	110.00	112.00	2.00	0.40
TL-23-003	32.00	33.00	1.00	11.60
TL-23-004	31.00	32.00	1.00	2.94
TL-23-005	69.30	70.30	1.00	1.11

*Mineralized veins dip to the south at 50-60 degrees. True widths are unknown but estimated to be at least 85% of reported intervals and will be confirmed at a later date.

Table 2. Metallic Screen Results.

TL-23-001 60.5m to 61.5m Metallic Screening	Value
Au +100 mesh (g/t)	535
Au – 100 mesh (A) (g/t)	33.1
Au -100 mesh (B) (g/t)	33.6
Total Au (g/t)	41
Weight +100 mesh (g)	28
Weight -100 mesh (g)	1812
Total Weight (g)	1840

Discussion

TL-23-001 was drilled to test the main vein system and deeper potential. Unfortunately, the collar location was west of ideal placement due to access constraints and the hole is interpreted to have drilled into the eastern side of the QFP/mafic contact before target depth. To test the deeper historical 838 g/t Au*, Ashley will need to target this from the lake in a winter drill program as done in historical programs. TL-23-002 was modified from predrill plans based on this to test north along the historical workings. It intersected grades of 0.40 g/t Au averaged over 2m from a depth of 110m highlighting the potential of the deeper mineralization interpreted from historical drilling and quartz veining described within the shaft. TL-23-003 and TL-23-004 were drilled to test the shallow potential of the main vein. TL-23-003 correlates to the better historical underground assay results and ran 11.60 g/t Au over 1m while TL-23-004 was drilled near a ‘leaner’ zone in the underground assays and ran 2.94 g/t Au over 1m. TL-23-005 was testing the western extension of the vein and intersected elevated gold values at both the main vein and deeper target returning 1.11 g/t Au over 1m.

Metallic screening of the 60.50m to 61.50m sample in TL-23-001 confirms the presence of coarse gold seen in the core with +100 mesh size running 535 g/t Au (Table 2). Mesh fines of -100 ran 33.1 and 33.6 g/t Au with a weighted average of 41 g/t Au.

Darcy Christian commented “Although we were unable to get an appropriate angle to test the deep potential of the historical 838 g/t Au* reported we now have modern data to help with targeting upcoming programs”. We do see evidence of mineralization below the main workings and metallic screens show the high-grade potential of the vein sets. I believe that with these results we have the justification to spend some more effort on a deeper program from the lake and complete some multi-elemental and structural analysis to help understand Tabor and the larger overall Project area. We are seeing elevated values of gold in the wallrock around veins suggesting wider zones of mineralization can be targeted.”

Figure 2. Location of 2023 Drill Program

*Please note that assay values denoted with an “*” within this release are from previous operators, considered to be “historical” in nature and therefore are non-compliant with respect to NI 43-101 standards, and have not been independently verified by Ashley Gold. The values have been extracted from publicly available government resources including Assessment Reports and MinFile inventory details and it is unknown what type of quality-control programs were performed at the time.

The Qualified Person responsible for the technical content of this press release is Shannon Baird, P.Geo, Exploration Manager of Ashley Gold Corp.

ABOUT ASHLEY GOLD CORP.

Ashley Gold is focused on creating substantive, long-term value for its shareholders through the discovery and development of world class gold deposits. Ashley has acquired, 100% of the Tabor Lake Lease subject to a 1.5% royalty, 100% of the Santa Maria Project subject to a 1.75% royalty, 100% interest in the Howie Lake Project subject to a 0.5% royalty, 100% interest in the Alto-Gardnar Project subject to a 0.5% royalty, and an option to earn 100% of the Sakoose claims subject to a 1.5% NSR.

Ashley Gold Corp. is an early-stage natural resource company engaged primarily in the acquisition, exploration, and if warranted, development of mineral projects. The Corporation’s objective is to conduct efficient and economical exploration on its growing portfolio of high-quality gold projects, currently focused in northwestern Ontario within the Eagle-Wabigoon-Manitou Lakes Greenstone Belts.

The responsibility of this release lies with Mr. Darcy Christian, President and CEO • +1 (587) 777-9072 • This email address is being protected from spambots. You need JavaScript enabled to view it. , may be contacted for further information. www.ashleygoldcorp.com

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

DISCLAIMER & FORWARD-LOOKING STATEMENTS

This news release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements are based on assumptions and address future events and conditions, and by their very nature involve inherent risks and uncertainties. Although these statements are based on currently available information, Ashley Gold Corp. provides no assurance that actual results will meet management’s expectations. Factors which cause results to differ materially are set out in the Company’s documents filed on SEDAR. Undue reliance should not be placed on “forward looking statements”.

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October 26, 2023

Red Canyon Resources Initiates First Drill Program on 100% Owned Ping South Copper-Gold Property
2023-10-25 04:54:40
Vancouver, British Columbia – TheNewswire – October 25, 2023 – Red Canyon Resources Ltd. (CSE:REDC) (the “Company” or “Red Canyon”) is pleased to announce the commencement of the inaugural diamond drilling campaign at its Ping South copper-gold project in central British Columbia, one of eight 100% owned copper and copper-gold projects. This initial program will drill test up to three interpreted Alkalic copper-gold porphyry targets identified using a combination of Mobile Metal Ion (MMI) geochemistry, airborne magnetics and Induced Polarization (IP) geophysics.

Summary Highlights:
- Diamond drilling will initially test up to three Alkalic copper-gold porphyry targets based on favourable elevated MMI copper geochemistry associated with interpreted intrusive centres with coincident magnetic and IP chargeability highs;
- The Ping South project is within a largely till covered and therefore relatively underexplored area of the favourable Quesnellia Island Arc Terrane that occupies much of the east central area of British Columbia and is host to several of the province’s largest copper mines;
- Infrastructure is considered excellent with a network of all season and secondary active forestry roads to access the project area; and
- The Company has engaged Apex Diamond Drilling Ltd. out of Smithers, British Columbia, to complete up to 750m of diamond drilling at Ping South.
Wendell Zerb, Chairman and CEO of the Company, states: “This initial test drilling at our 100% owned Ping South copper-gold project closely captures a Company philosophy, which is to test potentially impactful copper-gold targets that the Company has identified using innovative geoscience. These first drill holes at Ping South will test what we consider to be excellent targets that would not likely exist without the masking of the underlying geology by the extensive till cover in the area. We view this as a challenge, but more importantly a great opportunity.”

Ping South Project:

The Ping South property is located approximately 50 km northwest of the City of Prince George, British Columbia, and comprises five contiguous mineral claims covering 4,427 hectares. The Property lies within the early Mesozoic-aged Quesnel Island Arc Terrane which hosts numerous deposits of porphyry gold-copper style mineralization.

Ping South occurs within an area of extensive overlying glacial till that span over 320 km between major deposits at Mount Polley and Gibraltar mines approximately 220 km to the south, Mount Milligan mine, and Kwanika deposits approximately 100 km to the north. The Company believes this underexplored area of the Quesnellia Terrane presents a significant opportunity to use advanced geoscience to identify new copper deposits masked by the till cover.

The Ping South area is within an elevated magnetic portion of a 25 km long northwest-trending positive magnetic feature. The feature is also partly correlative with the western margin of a 90 km by 15 km north-trending gravity high that is co-spatial with the western margin of a conductivity (VTEM) low. These coincident geophysical features share comparable characteristics to regional geophysical responses from several British Columbia copper deposits.

Access to the property is excellent via a well-maintained logging road network. Main haul roads run to the north and south of the Ping South claims.

Previous exploration conducted on the property includes MMI soil geochemistry, a project-wide aeromagnetic survey, and IP geophysics. The Company has compiled data from these surveys and has identified multiple targets that may represent copper porphyry intrusive rocks. These targets have never been drill tested.

Figure 1: Outline of Ping South mineral claims and airborne magnetics RPT-VD geophysics.

Initial drilling at Ping South will target favorable elevated MMI copper geochemistry associated with interpreted intrusion related magnetic features with coincident IP chargeability highs (Figures 1 and 2). The Company plans to test up to three of these targets in this first pass drill program.

Figure 2: Ping South IP sections with MMI geochemistry and Interpreted intrusion related magnetic features.

Target Generation

The Company engaged Fathom Geophysics (“Fathom”) to compile and fully assess aeromagnetic data from the 2007 survey and IP data collected in 2008 and 2011 to identify exploration targets for further investigation. Magnetic Vector Inversion (MVI) modeling was completed on the Ping magnetic dataset by Fathom using the UBC MVI software. High-level intrusions and magnetite-rich alteration related to alkaline porphyry copper systems often form discrete magnetic anomalies. Fathom identified nine possible intrusion related targets at Ping South. In 2023, Fathom used magnetic inversion studies to better characterize and prioritize magnetic anomalies and reviewed historical IP for porphyry related chargeability and resistivity features (Figure 3).

Figure 3: IP Inversion section with high chargeability target and corresponding

Magnetic Vector Inversion (MVI) modeling emphasizing coincident magnetic features.

About Red Canyon Resources:

Red Canyon Resources Ltd. (CSE: REDC) is a technically-driven mineral exploration company focused on exploring North America’s top copper jurisdictions. The Company’s core goal is to make impactful copper discoveries to benefit stakeholders and aid in the green energy transition. Red Canyon has a portfolio of 100% owned copper and copper-gold porphyry exploration projects. Its technical team consists of experienced geoscientists with diverse capital markets, junior and major mining company backgrounds, and a track record of success.

For more information, please visit the Company’s website at www.redcanyonresources.com.

On Behalf of the Board of Directors

Wendell Zerb

Chairman & CEO

+1 (604) 681-9100

This email address is being protected from spambots. You need JavaScript enabled to view it.

For further information, please contact:

Brennan Zerb

Investor Relations Manager

+1 (778) 867-5016

This email address is being protected from spambots. You need JavaScript enabled to view it.

Qualified Person – The technical information contained in this update has been reviewed and approved by Wendell Zerb, P. Geol, a “Qualified Person” (“QP”) as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

Forward-Looking Statements:

This news release includes certain forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding future capital expenditures, exploration activities and the specifications, targets, results, analyses, interpretations, benefits, costs and timing of them, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as “pro forma”, “plans”, “expects”, “may”, “should”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, “potential” or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to the anticipated business plans and timing of future activities of the Company, including the Company’s exploration plans and the proposed expenditures for exploration work thereon, the ability of the Company to obtain sufficient financing to fund its business activities and plans, the ability of the Company to obtain the required permits, changes in laws, regulations and policies affecting mining operations, the Company’s limited operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed under the heading “Risk Factors” in the Company’s prospectus dated October 12, 2023 and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company’s profile on the SEDAR website at www.sedar.com.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements, except as otherwise required by law.
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October 25, 2023

Doubleview Announces South Lisle Zone Drill Holes Extend the Main Lisle Deposit for 120 meters

2023-10-24 06:05:41

Vancouver, British Columbia–(Newsfile Corp. – October 24, 2023) – Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (GERMANY: A1W038) (the “Company or “Doubleview”) is pleased to announce the inaugural drill results from the south extension of the Lisle Zone. Drill holes H057, H058, and H059 have expanded the Lisle Deposit by 120m to the south and increased the volume of mineralization that will be included in the resource estimate which is being prepared by an independent engineering group and scheduled for completion in Q1 of 2024. This zone also encompasses drill hole H067 announced in news release dated 17th of October, 2023. The polymetallic Hat project is located in the Golden Triangle of northwestern British Columbia.

Highlights:

Drill hole H058 of the returned assays of 0.49% copper, 0.18 g/t gold, and 33 g/t scandium over 125.8 meters. This intercept may be a continuation of the same horizon that was encountered in the main Lisle deposit’s richer parts. All drill holes of this zone returned greater than average assayed scandium values compared to all other areas the deposit yet.

the reported results of the 2023 season demonstrate that the Lisle Zone is not limited in this direction towards the south,
the Lisle deposit has an inner mineralization of the strongest Scandium values seen thus far on the project,
these drill holes extend the Lisle deposit by an additional 120m by 200m,
mineralization is open in all directions.

Farshad Shirvani, Doubleview’s president and CEO, commented “It is exciting to discover these new extensions to the south of the Lisle Zone that have added important dimensions to the deposit and indicate further potential in and to the south. The remaining 2023 drill holes will continue to explore this part of the deposit and we also note the strong contribution of the critical metals, copper, cobalt and scandium. The dimensions of the Hat deposit keep increasing and drilling has not found the limits.”

Mr. Shirvani continued “The 2023 drilling campaign continues to advance the Hat polymetallic deposit, and the total meters drilled this season now exceeds 9,000 meters. More results will be announced as they become available.”

Drill hole H-057 intercepted 139.1 m with 0.17g/t gold, 0.23g/t silver, 0.06% copper, 105.3 g/t cobalt and 37.6 g/t scandium, (1.10% Cu Eq). Drill hole H-058 intercepted 654m with 0.27g/t silver, 0.10g/t gold, 0.14% copper, 78.6g/t cobalt and 34.8g/t scandium (1.05% Cu Eq) and included 305.4m with 0.44g/t silver, 0.14g/t gold, 0.26% copper and 32.2g/t scandium (1.11% Cu Eq) and also 125.8m with 0.78g/t silver, 0.22g/t gold, 0.49% copper and 33.0g/t scandium (1.38% Cu Eq). The latter intercept appears to be a direct continuation of a higher grade part of the main Lisle Zone. Drill hole H-059 intercepted 421.7m with 0.18g/t silver, 0.12g/t gold, 0.05% copper and 32.6 g/t scandium (0.93% Cu Eq).

2023 Drill Season:

Doubleview’s goal for the 2023 drill season was to gradually increase the known deposit by strategically drilling new locations, such as the Buck Zone to add more value to the upcoming Q1 2024 resource estimate.

All drill holes in this as well as previous news releases (H054 – H059) have expanded the mineralized envelope of the Lisle Deposit. Table 1 is a compilation of significant intercepts; Table 2 includes drill hole data. Figures 1 and 2 illustrate vertical projections of various drill holes and the southern part of the Lisle Zone.

TABLE 1. Assay results

DDH	From (m)	To (m)	Length (m)	Ag (g/t)	Au (g/t)	Co (g/t)	Cu (%)	Sc (g/t)	CuEq (%)* incl Sc2O3
H057	39.0	178.1	139.1	0.23	0.17	105.3	0.06	37.6	1.10
Incl.	84.0	124.7	40.7	0.30	0.31	139.1	0.08	35.6	1.17
H058	6.0	660.0	654.0	0.27	0.10	78.6	0.14	34.8	1.05
Incl.	93.0	660.0	567.0	0.29	0.11	83.7	0.16	34.4	1.07
Incl.	127.7	213.0	85.3	0.26	0.14	150.8	0.08	35.5	1.08
and	339.6	645.0	305.4	0.44	0.14	75.3	0.26	32.2	1.11
Incl.	471.8	645.0	173.2	0.66	0.18	80.2	0.40	34.4	1.31
Incl.	519.3	645.0	125.8	0.78	0.22	82.7	0.49	33.0	1.38
H059	30.0	451.7	421.7	0.18	0.12	74.5	0.05	32.6	0.93
Incl.	69.0	161.0	92.0	0.22	0.14	135.1	0.06	34.3	1.02
Incl.	176.0	336.1	160.1	0.24	0.17	71.6	0.05	33.3	0.98
Incl.	294.0	336.1	42.1	0.46	0.49	105.4	0.08	36.1	1.28
Notes: – Metal equivalents should not be relied upon for future evaluations. – Drill hole intercepts included in this news release are core lengths that may or may not be true widths of mineralization. It is not possible to determine true widths. *Copper Equivalent (CuEq%) is estimated using the following metal values and equations: – CuEq(%) =(Ag(g/t) x Price_Ag x Rec_Ag/31.1035 + Au(g/t) x Price_Au x Rec_Au/31.1035 + Co(%) x Price_Co x Rec_Co x 22.0462 + Cu(%)x Price_Cu x Rec_Cu x 22.0462 + Sc(g/t) x Price_Sc x Rec_Sc x Sc_con) / (Price_Cu x 22.0462) – Price_Ag = $22.20/troy oz, Price_Au=$1,812.14/ troy oz, Price_Co = $23.30/lb, Price_Cu = $3.84/lb, Price_Sc = $1.5/g – Rec_Ag = 68% , Rec_Au = 89% , Rec_Co = 78%, Rec_Cu = 84% , Rec_Sc = 88%

Figure 1. Section along the drill holes

TABLE 2. Drill Hole Data

Drill Hole ID	UTM – East	UTM – North	Elevation	Max-Depth	Azimuth	Dip	Area
H057	347,866	6,453,619	938.8	655	270	-85	Lisle South
H058	347,866	6,453,619	938.8	645	311	-72.7	Lisle South
H059	347,866	6,453,619	938.8	398.5	20	-85	Lisle South

Figure 2. Drill Plan

Scandium:

Scandium is one of the rarest critical metals group of metals deem as “critical metals” by the Canadian and American federal governments.

Doubleview wishes to clarify its news release dated September 25, 2023. The Interim Archaeological Impact Assessment (IAIA) conducted under HCA (Heritage Conservation Act), Permit 22-0470 and prepared by Taiga Heritage Consulting Ltd., is concluded and no additional archaeological work is required within the proposed development areas of the IAIA.

Quality Assurance and Quality Control:

Core samples were prepared at the North Vancouver facility of ALS Canada Ltd. using their PREP-31, PGM-ICP24, ME-MS61, and ME-ICP06 packages. Each core sample is dried, then crushed to 70% passing a 2mm screen. All material is processed in an automatic Riffle splitter to yield a 250g homogenized, representative sample. This sub-sample is then pulverized to 85% passing a 75-micron screen. All samples are analyzed for Au, Pt, Pd by 50g fire-assay fusion/ICP-ES finish, using PGM-ICP24 package. A separate 0.25g pulp split is analyzed by Four Acid digestion/ICP-MS finish, reporting 48 elements. Over limit elements are analyzed by Ore Grade Four Acid digestion/ICP-ES finish using ME-OG62 assay package. All of Doubleview’s core samples are analyzed or assayed at independent ISO 17025 and ISO 9001- certified laboratories.

Doubleview maintains a website at www.doubleview.ca.

Qualified Persons:

Erik Ostensoe, P. Geo., a consulting geologist, and Doubleview’s Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed, and approved the technical contents of this news release. He is not independent of Doubleview as he is a shareholder in the company.

Cautionary Note: Although a mineral resource estimation is currently being prepared by an independent engineering firm, no mineral resources have been estimated at the Hat Property and there is no assurance that further work will result in the Lisle Zone, or other zones if present, being classified as mineral resources.

About Doubleview Gold Corp

Doubleview Gold Corp., a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada, and is publicly traded on the TSX-Venture Exchange (TSXV: DBG) (OTCQB: DBLVF) (GERMANY: A1W038) (FSE: 1D4). Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia. Doubleview increases shareholder value through acquisition and exploration of quality gold, copper and silver properties and the application of advanced state-of-the-art exploration methods. The Company’s portfolio of strategic properties provides diversification and mitigates investment risks.

On behalf of the Board of Directors,

Farshad Shirvani, President & Chief Executive Officer

For further information please contact:

Doubleview Gold Corp
Vancouver, BC Farshad Shirvani
President & CEO

T: (604) 678-9587
E: This email address is being protected from spambots. You need JavaScript enabled to view it.

NEITHER 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.

Certain of the statements made and information contained herein may constitute “forward-looking information.” In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

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October 24, 2023

Metallic Minerals Completes 2023 Expansion Drill Program at Keno Silver Project in Yukon, Canada
2023-10-19 05:04:37
VANCOUVER, BC / ACCESSWIRE / October 19, 2023 / Metallic Minerals Corp. (TSXV:MMG) (OTCQB:MMNGF) (“Metallic Minerals” or the “Company”) is pleased to announce the completion of field activities at the Company’s 100%-owned, 166 square kilometer Keno Silver project, adjacent to Hecla Mining in the high-grade Keno Hill silver district of Canada’s Yukon Territory. The 2023 exploration program included 1,112 meters in four diamond drill holes focused on resource expansion at the Formo target, the highest-grade and largest target area to be included in an inaugural NI 43-101 mineral resource estimate for the property expected in Q4 2023. The Company also conducted additional soil geochemical sampling on open-ended earlier-stage targets for future drill campaigns.

Metallic Minerals holds the second largest land position in the Keno district with claims covering the east, and parts of central and western Keno Hill, including eight high-grade, shallow past-producing deposits. Hecla Mining holds the western portion of the Keno district and has recently started production from its Keno Hill mining operations, with full production expected by year-end.

Metallic Minerals President, Scott Petsel, stated: “We were very pleased to return to our Keno Silver project and complete this important new phase of exploration which focused on drilling mineralized extensions of our “resource-ready” target at Formo. With the key milestone of an inaugural resource estimate for Keno Silver on the near-term horizon, the team is already looking ahead to working from those initial deposit models to continue to add additional ounces with this and subsequent future programs. One of the major advantages the upcoming resources will have are their shallow depth which makes them amenable to low-cost bulk tonnage mining methods. The blueprint for rapid and dramatic resource growth in the Keno district, as demonstrated by prior operators, is to first identify the dominant mineralized vein structures and their orientations, then vector along trend and depth with successive drill campaigns. This tried-and-true methodology is being employed by Metallic Minerals to expand the Keno Silver project which is located within one of the world’s highest grade silver producing districts.”

Mr. Petsel continued, “In addition to our work at the Keno Silver project, drilling continues at our La Plata copper-silver-gold-PGE project in Colorado, where we have just passed 3,000 meters of a targeted 5,000-meter drill program. The first two drill holes reached 909 meters and 1,350 meters depth, respectively, and intersected continuous porphyry style mineralization. Our target is to complete two to three more step-out, expansion drill holes from the discovery hole announced in February 2023. Core is being processed and sent to the lab for assaying with initial results expected to come in through the fall of this year. The results of this drilling will be used to calculate a new mineral resource estimate for La Plata in 2024.”

About the Keno Silver Project

Keno Hill is one of the world’s highest-grade silver districts, with nearly 300 million ounces (“Moz”) of silver in past production and current M&I resources^1,2 and featuring excellent existing infrastructure, including grid power, road access and nearby community services. In July 2022, Hecla Mining announced the acquisition of Alexco Resource Corp, which held the western portion of the district. Hecla Mining has started production at Keno Hill, which is now their highest-grade silver operation, and is expecting to be at full production by year end with a stated goal of producing 4-5 Moz of silver per year³. Metallic Minerals’ Keno Silver project is adjacent and contiguous with Hecla Mining ground, covering the east, and parts of the central and western Keno silver district and includes eight high-grade, shallow past-producing mines. Prior to the Company’s consolidation of the land package, very little modern exploration had been completed in these parts of the district due to fragmented, private land ownership. Metallic Minerals has advanced four targets in the district from discovery to resource definition stage with several additional targets at drill-ready status along the known historically productive trends. In addition, recent exploration has defined and expanded 12 priority multi-kilometer-scale early-stage targets for reconnaissance drilling in the under-explored parts of the district where highly elevated silver, lead and zinc in soils and high-grade rock samples have been identified.

About Metallic Minerals

Metallic Minerals Corp. is a leading exploration and development stage company focused on copper, silver, gold, and other critical minerals in the La Plata mining district in Colorado, and silver and gold in the high-grade Keno Hill and Klondike districts of the Yukon. Our objective is to create shareholder value through a systematic, entrepreneurial approach to making exploration discoveries, growing resources, and advancing projects toward development.

The Company’s 100%-owned La Plata project in southwestern Colorado hosts a porphyry copper-silver resource consisting of 1.21 billion pounds of copper and 17.6 Moz of silver⁴. Drilling in 2022 provided the basis for the expanded 2023 resource estimate, including the longest and highest-grade interval ever encountered at La Plata and one of the top intersections for any North American copper project in the past several years. In May 2023, the Company announced a 9.5% strategic investment by Newcrest Mining Limited (acquired by Newmont Mining in Q4 2023) to fund the current 2023 drill campaign and accelerate the overall advancement of the project. Colorado ranked 5th globally for investment attractiveness and 2nd in the USA in the Fraser Institute’s 2023 Annual Survey of Mining Companies.

Metallic Minerals has consolidated a 176 square kilometer land position directly adjacent to Hecla Mining’s operations in the historic high-grade Keno Hill silver district of Canada’s Yukon Territory, a region which has more than 300 Moz of high-grade silver in past production and current M&I resources. Hecla Mining, the largest primary silver producer in the USA and third largest in the world, is anticipating full production at its Keno Hill operations by the end of 2023. Metallic Minerals is targeting release of an inaugural mineral resource estimate on the Keno Silver project in Q4 2023, with an expansion drill program completed in September.

The Company is also one of the largest holders of alluvial gold claims in the Yukon and is building a production royalty business by partnering with experienced mining operators, including Parker Schnabel of Little Flake Mining from the Discovery Channel television show, Gold Rush.

All of the districts in which Metallic Minerals operates have seen significant mineral production and have existing infrastructure, including power and road access. The Company is led by a team with a track record of discovery and exploration success on several major precious and base metal deposits in the region, as well as having large-scale development, permitting and project financing expertise. The Metallic Minerals team has been recognized for its environmental stewardship practices and is committed to responsible and sustainable resource development.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Website: www.mmgsilver.com
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: 604-629-7800
Toll Free: 1-888-570-4420
Footnotes:
1. Cathro, R. J., Great Mining Camps of Canada 1. The History and Geology of the Keno Hill Silver Camp, Yukon Territory. Geoscience Canada, Sept. 2006. ISSN 1911-4850.
2. Alexco Resource Corp Technical Report, titled “NI 43-101 Technical Report on Updated Mineral Resource and Reserve Estimate of the Keno Hill Silver District” with an effective date of April 1, 2021 and issue date of May 26, 2021.
3. See news release dated August 8, 2023: Hecla Mining Company – Hecla Reports Second Quarter 2023 Results
4. See news release dated July 31 here, 2023:
Forward-Looking Statements

This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts including, without limitation, statements regarding potential mineralization, historic production, estimation of mineral resources, the realization of mineral resource estimates, interpretation of prior exploration and potential exploration results, the timing and success of exploration activities generally, the timing and results of future resource estimates, permitting time lines, metal prices and currency exchange rates, availability of capital, government regulation of exploration operations, environmental risks, reclamation, title, statements about expected results of operations, royalties, cash flows, financial position and future dividends as well as financial position, prospects, and future plans and objectives of the Company are forward-looking statements that involve various risks and uncertainties. Although Metallic Minerals believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, unsuccessful exploration results, unsuccessful operations, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration, development of mines and mining operations is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. For more information on Metallic Minerals and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedar.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.
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October 19, 2023
Labrador Gold Receives Permits to Drill Targets in the Gap and Kingsway South

2023-10-19 04:33:57

TORONTO, Oct. 19, 2023 (GLOBE NEWSWIRE) — Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce that it has received all permits required for drilling two target areas along the prospective Appleton Fault Zone at its 100% owned Kingsway Project.

LabGold has received permits to drill The Gap, located between Big Vein and Pristine and the area between Big Vein and the southern property boundary (Kingsway South).

The Gap extends approximately 700 metres along the Appleton Fault Zone between Big Vein and Pristine, two occurrences where LabGold discovered high grade near surface gold. Both occurrences remain open to the northeast and southwest and the aim of drilling The Gap is to extend Pristine to the Southwest and Big Vein to the northeast and possibly connect the two. Should this be achieved, the total strike length would be approximately 1.7 kilometres. Drilling from Big Vein will step out along the Black Shale North Fault, a NNE trending splay off the Appleton Fault, that is associated with gold at Big Vein. Likewise, drilling from Pristine will step out to the southwest along the Disco Fault.

The Kingsway South area includes the recently discovered Knobby occurrence, located 1.1 kilometres southwest of Big Vein, and from which grab samples returned gold values from below detection (<5ppb) to 30.58 g/t including samples grading 2.7g/t and 29.19 g/t Au (See news release dated August 14, 2023). Knobby consists of three parallel quartz veins that have been traced along strike for approximately 200 metres. Stibnite mineralization was observed in the quartz veins.

“We have been waiting to drill targets at The Gap and Kingsway South along the Appleton Fault Zone and are pleased to have the permits in place to be able to do so. Knobby is a priority target since the east-west strike crosscuts the regional northeast trend like structures known to host high-grade gold in quartz veins elsewhere in the district. This trend differs from those at Big Vein, Pristine and Dropkick which are closer to the stratigraphic trend and represents a new target at Kingsway, one that we are excited to begin testing,” said Roger Moss, President and CEO of LabGold.

Figure 1. LabGold discoveries along the Appleton Fault Zone.

Figure 2. Plan map of The Gap with structure and geochemical anomalies.
Abbreviations: AFZ Appleton Fault Zone; BSNF Black Shale North Fault; DF Disco Fault

Figure 3. Geochemical anomalies along the Appleton Fault Zone at Kingsway South.

Qualified Person

Roger Moss, PhD., P.Geo., President and CEO of LabGold, a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this release.

The Company gratefully acknowledges the Newfoundland and Labrador Ministry of Natural Resources’ Junior Exploration Assistance (JEA) Program for its financial support for exploration of the Kingsway property.

About Labrador Gold

Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in Eastern Canada.

Labrador Gold’s flagship property is the 100% owned Kingsway project in the Gander area of Newfoundland. The three licenses comprising the Kingsway project cover approximately 12km of the Appleton Fault Zone which is associated with numerous gold occurrences in the region. Infrastructure in the area is excellent located just 18km from the town of Gander with road access to the project, nearby electricity and abundant local water. LabGold is drilling a projected 100,000 metres targeting high-grade epizonal gold mineralization along the Appleton Fault Zone with encouraging results. The Company has approximately $10 million in working capital and is well funded to carry out the planned program.

The Hopedale property covers much of the Florence Lake greenstone belt that stretches over 60 km. The belt is typical of greenstone belts around the world but has been underexplored by comparison. Work to date by Labrador Gold show gold anomalies in rocks, soils and lake sediments over a 3 kilometre section of the northern portion of the Florence Lake greenstone belt in the vicinity of the known Thurber Dog gold showing where grab samples assayed up to 7.8g/t gold. In addition, anomalous gold in soil and lake sediment samples occur over approximately 40 km along the southern section of the greenstone belt. Labrador Gold now controls approximately 40km strike length of the Florence Lake Greenstone Belt.

The Company has 170,009,979 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.

For more information please contact:

Roger Moss, President and CEO Tel: 416-704-8291

Or visit our website at: www.labradorgold.com

Twitter: @LabGoldCorp

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

Forward-Looking Statements: This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

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October 19, 2023

Dynasty Gold Began 2023 Phase Two Drill Campaign at Thundercloud to Expand Near Surface Mineralization

2023-10-18 06:03:17

Vancouver, British Columbia–(Newsfile Corp. – October 18, 2023) – Dynasty Gold Corp. (TSXV: DYG) (FSE: D5G1) (OTC Pink: DGDCF) (“Dynasty” or the “Company”) is pleased to announce that it has commenced the 2023 Phase two drill program at its Thundercloud property following the encouraging assay results from the Phase one drill program this summer. The program planned to drill up to 2,000 meters with the goal of expanding near surface mineralization to the north and south of the Pelham zone that have not been test drilled before.

Highlights from Phase One Drilling

Drill Hole Number	From (m)	To (m)	Interval (m)	Au (g/t)
DP23-01 Including Including And Including	134.7 162.0 162.0 184.5 186.0	187.5 165.0 163.5 187.5 187.5	52.8 3.0 1.5 3.0 1.5	2.67 19.34 37.20 18.28 31.60
DP23-03 Including Including Including	97.5 126.0 139.5 147.0	155.3 154.3 154.3 153.0	57.8 28.3 14.8 6.0	3.28 5.33 7.14 10.36
DP23-04 Including Including Including Including Including And Including And	93.0 108.0 108.0 109.5 112.5 112.5 136.5 136.5 150.0	163.5 151.5 124.5 121.5 121.5 114.0 139.5 138.0 151.5	70.5 43.5 16.5 12.0 9.0 1.5 3.0 1.5 1.5	3.2 5.0 8.2 11.0 14.1 62.5 12.8 23.5 11.0
DP23-05 Including And Including	104.5 109.5 130.5 148.5	154.5 117.0 151.5 151.5	50.0 7.5 21.0 3.0	3.06 4.36 3.83 8.26
DP23-06 Including Including And	100.5 100.5 129.0 153.0	231.0 157.5 132.0 156.0	130.5 57.0 3.0 3.0	1.17 2.30 5.19 5.63

Results from the Phase one drill program have been a success. All of the assay results for the nine holes reported have intersected good grade over broad widths (Please refer to news releases on September 6, September 19 and October 3, 2023). The highest grade intersected was 62.5 g/t gold over 1.5 meters within a broader interval of 11.0 g/t over 12 meters and 3.2 g/t over 70.5 meters.

Ivy Chong, the President and Chief Executive Officer stated: “We have improved the historical drill hole grades in the East Pelham zone by up to 300% and encountered widths of up to 130.5 meters (the longest interval ever drilled on the property). The Phase two drill program is expected to test high chargeability IP areas to the north, northeast and south of the Pelham zone with deeper holes to target the continuation of the high-grade mineralization outlined in the 2022 and Phase one 2023 drill programs.”

The drilling in Phase one has successfully confirmed the high grade structures in the East Pelham zone that were discovered in the 2022 program. The higher grades outlined in the last 2 programs appear to trend north-east within the regionally defined east-west deformation zone. The positive results are allowing us to improve our understanding of the high-grade occurrences and will strongly influence future programs where by we should identify prospective targets for step out discovery drilling within the 90% of the property that remains unexplored.

The technical information in this release has been reviewed by James Rogers, P.Geo, an independent consultant and a Qualified Person as defined by NI 43-101.

About Dynasty Gold Corp.

Dynasty Gold Corp. is a Canadian mineral exploration company currently focused on gold exploration in North America with projects located in the Manitou-Stormy Lake greenstone belt in Ontario and in the Midas gold camp in Nevada. The Company is currently advancing its Thundercloud gold resource in northwest Ontario. A NI 43-101 Independent Technical Report, dated September 27, 2021 can be found on the Company’s and SEDAR websites. The 100% owned Golden Repeat gold project in the Midas gold camp in Elko County, Nevada, is surrounded by a number of large-scale operating mines. For more information, please visit the Company’s website www.dynastygoldcorp.com.

ON BEHALF OF THE BOARD OF DYNASTY GOLD CORP.

“Ivy Chong”
________________________________
Ivy Chong, President & CEO

For additional information please contact:

Vancouver Office:
Ivy Chong
Phone: 604.633.2100. Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

This press release contains certain “forward-looking statements” that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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October 18, 2023

Doubleview Reports Strong Massive Sulphide Intercept Logged in Drill Hole H067

2023-10-18 05:53:05

Vancouver, British Columbia–(Newsfile Corp. – October 18, 2023) – Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (the “Company or “Doubleview) is pleased to showcase a long intercept of massive sulphide mineralization in drill hole H068 at its Hat Project. The Hat polymetallic porphyry project in British Columbia’s Golden Triangle, has demonstrated that it contains several of the metals deemed as “critical metals” by the Canadian and American federal governments.

The accompanying photographs illustrate the character of the mineral zone. The long sulphide intercept will be transported under enhanced security protocols for analytical analysis. Assay results will be published in a subsequent news release upon receipt and verification. Further details, including collar coordinates and orientation, will be provided in the immediate future.

Drill hole H067 was collared 320 metres south of drill hole H034 and is directed to the projected south extension of the Lisle Zone. The strong sulphide mineralization appears to comprise sections of very strong chalcopyrite and pyrite, including about 2 metres of nearly massive chalcopyrite. [Chalcopyrite contains about 30% copper].

Further information and maps are being developed to demonstrate the southern extension of the Lisle zone. It is currently projected that the drilling will extend the deposit for another 450m by 340m towards the south while the deposit is open in all directions.

Farshad Shirvani, President and CEO, stated, “I am pleased to see that our modelling concept has been confirmed with drilling. I am also proud of our dedicated team, including our Tahltan Band members who put their utmost efforts into this season’s drilling campaign, which has been very cost effective and successful. We have drilled 1,500 meters in the past two weeks alone, and that has only been attainable due to the team’s hard work, preparation and efficient execution.”

The following photos depict the intersected mineralization (see this news release on the company’s website if the pictures are not visible).

Photo 1: Drill Core photo of H067 – Boxes 71-72-73

Photo 2: Drill Core photo Close up from Box 73 – 1

Photo 3: Drill Core photo Close up from Box 73 – 1

Photo 4: Drill Core photo Close up from Box 71

Photo 5: Drill Core photo of H067 – Boxes 49-50-51

Photo 6: Drill Core photo Close up from Box 50 – 1

Photo 7: Drill Core photo Close up from Box 50 – 2

Photo 8: Drill Core photo Close up from Box 51 – 1

Photo 9: Drill Core photo Close up from Box 53 – 1

Doubleview maintains a website at www.doubleview.ca.

Qualified Persons:

Erik Ostensoe, P. Geo., a consulting geologist, and Doubleview’s Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the technical contents of this news release. He is not independent of Doubleview as he is a shareholder in the company.

Cautionary Note: Although a mineral resource estimation is currently being prepared by an independent engineering firm, no mineral resources have been estimated at the Hat Property and there is no assurance that further work will result in the Lisle Zone, or other zones if present, being classified as mineral resources.

About Doubleview Gold Corp

Doubleview Gold Corp., a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada, and is publicly traded on the TSX-Venture Exchange (TSXV: DBG) (OTCQB: DBLVF) (GER: A1W038) (FSE: 1D4). Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia. Doubleview increases shareholder value through acquisition and exploration of quality gold, copper and silver properties and the application of advanced state-of-the-art exploration methods. The Company’s portfolio of strategic properties provides diversification and mitigates investment risks.

On behalf of the Board of Directors,

Farshad Shirvani, President & Chief Executive Officer

For further information please contact:

Doubleview Gold Corp
Vancouver, BC Farshad Shirvani
President & CEO

T: (604) 678-9587
E: This email address is being protected from spambots. You need JavaScript enabled to view it.

NEITHER 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.

Certain of the statements made and information contained herein may constitute “forward-looking information.” In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

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October 18, 2023
Angkor Resources Defines Drill Targets on Wild Boar Prospect

2023-10-18 05:52:45

Ms. Delayne Weeks reports:

GRANDE PRAIRIE, ALBERTA – TheNewswire – (October 18, 2023)– Angkor Resources Corp. (TSXV:ANK) and (OTC:ANKOF) (“Angkor” or the “Company”) announces drill targets defined on the Wild Boar gold prospect. A drilling program is planned to start in early December after rains sufficiently subside.

Dennis Ouellette, VP Exploration summarizes, “Very solid assay results indicate a large anomoly across an area roughly 2 kilometres long by 1.5 kilometres wide. Grab samples from the geophysical anomaly shown on the map below clearly defines a north-south target for a drill program in the coming months.” Ouellette continues, “The low sulphidation model of epithermal veins have an increase in sulphide content with depth and growing proximity to the ‘boiling, breccia area’ which usually hosts high grade ‘bonanza’ styles of gold mineralization. The Wild Boar target area shows an increase in chargeability below 185 meters. Drilling through the thin resistive zones at depth should prove the deposit model.”

The Wild Boar is an epithermal gold target of the low sulphidation variety. An induced polarization survey was completed over the main target area. The survey revealed two thin, north to south trending zones of moderate resistivity with zones of low to moderate chargeability on their east and west flanks. The chargeability anomaly increases in intensity with depth. This profile is consistent with epithermal veins or vein swarms within a silica altered zone with possible pyrite altered areas on the flanks. A deep trenching program followed in the concentrated map areas between lines 6 and lines 9 to provide more data and analysis.

Close-up view of Drill Target Area with Ground IP and Test Pit Areas

QUALIFIED PERSON

Dennis Ouellette, B.Sc., P.Geo., is a member of The Association of Professional Engineers and Geoscientists of Alberta (APEGA #104257) and a Qualified Person as defined by National Instrument 43-101 (“NI 43-101”). He is the Company’s VP Exploration on site and has reviewed and approved the technical disclosure in this document.

ABOUT ANGKOR RESOURCES CORPORATION

Angkor Resources Corp. is a public company, listed on the TSX-Venture Exchange, and is a leading resource optimizer in Cambodia working towards mineral and energy solutions across Canada and Cambodia. Angkor’s carbon capture and gas conservation project in Saskatchewan, Canada is part of its long-term commitment to Environmental and Social projects and cleaner energy solutions across expanding jurisdictions. The company holds three mineral exploration licenses in Cambodia and its subsidiary, EnerCam Resources, was granted an onshore oil and gas license of 7300 square kilometers in the southwest quadrant of Cambodia.

CONTACT:

Delayne Weeks – CEO

Email: This email address is being protected from spambots. You need JavaScript enabled to view it. Website: angkorresources.com Telephone: +1 (780) 831-8722

Neither 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. 

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to the potential for gold and/or other minerals at any of the Company’s properties, the prospective nature of any claims comprising the Company’s property interests, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, uncertainty of sample results, timing and results of future exploration, and the availability of financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

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October 18, 2023

Provenance Gold Releases Further Results from Its Maiden Drill Program at Eldorado Intersecting 12 Meters of 18.01 g/t Gold Within 119 meters of 3.28 g/t Gold from Surface

2023-10-18 02:06:18

Vancouver, British Columbia–(Newsfile Corp. – October 18, 2023) – Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) (the “Company” or “Provenance“) is pleased to announce that it has completed its initial reverse circulation confirmation drilling program on its Eldorado Gold Property in Eastern Oregon. The final hole of this initial program, ED-11, yielded strong results, despite being terminated above its intended target zone.

Highlights

ED-11 was designed to test the extent of mineralization within potassic vent breccias. ED-11 intersected 118.9 meters (390 ft) of continuous strong gold mineralization starting at surface with thick high-grade gold intervals contained within (Table 1). The hole was terminated at 118.87 m in mineralized material due to poor drilling conditions related to strong groundwater in mineralized structures that were also identified in previous 2023 drill holes.

Table 1 – Composite Assay Results for ED-11

Hole		From (m)	To (m)	Au (g/t)	Au (opt)	Length (m)	GM
ED-11		0.00	118.87	3.28	0.1054	118.87	389.67
	Inc.	0.00	12.19	4.75	0.1526	12.20	57.85
	And	47.24	72.20	1.07	0.0344	28.96	30.97
	And	83.82	115.82	7.70	0.2476	32.00	246.59
	Inc.	91.44	103.63	18.01	0.5789	12.19	219.53

Results of the RC drillholes received to date continue to confirm or exceed the assays reported from historic holes.

A newly identified strong zone of gold mineralization that extends for more than 100 meters below most of the historic drilling, has been identified in multiple drillholes. Hole 11 was terminated before its target depth when it encountered strong ground water flows that Provenance believes are associated with strongly mineralized breccia structures.

Rauno Perttu, Provenance’s CEO, and an Oregon-Certified Engineering Geologist, commented, “The results from ED-11 are outstanding, with continuous gold mineralization from the surface to its bottom at 118 meters (387 feet). This is especially the case as we planned the hole to 244 meters (800 feet) to penetrate our newly recognized deeper gold zone, yet we hit our highest intervals in the entire program above our intended target. Our initial program was conducted to begin to confirm and expand on the historic drilling, and we are exceeding all our expectations.”

Figure 1. Drill Hole Locations
https://www.provenancegold.com/images/gallery/PAU_Eldorado_Maps-&-Figures_170.jpg

Eldorado Gold Project Summary

The magmatic/hydrothermal mineralization located at Eldorado is interpreted as a porphyry gold system. Mineralization is controlled by both strong fracture development and pyrite veining coincident with gold mineralization. Pyrite veining and its oxide equivalent, is common with gold being found in veinlets, fractures, and hydrothermal breccia.

The initial 2023 drill program was conducted to begin to confirm and expand on 242 historic holes that were drilled prior to the Company’s involvement with the property.

Eleven holes have been drilled by Provenance to date, totalling 1446 metres. A summary of the drilling program, its focus and results will be reported in the coming weeks. Select samples have been sent for additional analyses, with results pending. Those results will be reported as they become available.

Quality Assurance and Quality Control

The Company has implemented a quality assurance and quality control (QA/QC) program to ensure sampling and analysis of all exploration work is conducted in accordance with the National Instrument 43-101 and industry best practices.

The RC drill chips were sampled at 1.5-meter intervals onsite. Samples were taken to Paragon Geochemical, an ISO 9001 compliant company in Sparks, Nevada for fire assaying for gold. A rotation of certified standards, blanks, and field duplicates were inserted into the sample stream approximately every 30m. The company QA/QC, as well as the laboratory inserted standards, blanks, and duplicates were monitored closely upon receiving assay certificates from the laboratory. No issues with respect to the QA/QC of assays have been detected to date.

Qualified Person

The technical content disclosed in this press release was reviewed and approved by Jo Price, P.Geo., M.Sc., and a Qualified Person as defined under National Instrument 43-101 (“NI 43-101”).

About Provenance Gold Corp.

Provenance Gold Corp. is a precious metals exploration company with a focus on gold and silver mineralization within North America. The Company currently holds interests in Nevada, and eastern Oregon, USA. For further information please visit the Company’s website at https://provenancegold.com or contact Rob Clark at This email address is being protected from spambots. You need JavaScript enabled to view it..

On behalf of the Board,
Provenance Gold Corp.
Rauno Perttu, Chief Executive Officer

Safe Harbor Statement: Neither the Canadian Securities Exchange, nor its regulation services provider, accepts responsibility for the adequacy or accuracy of this press release. This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.

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October 18, 2023

Second Drill Arrives at Barksdale’s Sunnyside Project in Arizona
2023-10-17 05:36:46
Vancouver, British Columbia–(Newsfile Corp. – October 17, 2023) – Barksdale Resources Corp. (TSXV: BRO) (OTCQX: BRKCF) (“Barksdale” or the “Company“) is pleased to announce the arrival of a second drill rig at its Sunnyside copper-lead-zinc-silver exploration project in Arizona. Drilling has commenced at the South Canyon zone, where multiple targets are being tested in the first hole.

Highlights:
- The second diamond drill arrived at Sunnyside and drilling is underway at the South Canyon zone.
- Hole SUN-002 is targeting multiple carbonate horizons that have the potential to host CRD and skarn mineralization, including the extensions of the Taylor deposit and Peake prospects.
- Drilling at the Boundary zone is progressing well and is within 50 meters of the projected volcanics/carbonate contact.
Rick Trotman, President and CEO of Barksdale states, “The addition of the second drill will allow Barksdale to quickly advance the exploration program and prioritize additional targets. The new hole is progressing well and has the potential to hit multiple polymetallic CRD and skarn horizons below approximately 1,100 meters depth, including the extensions of both the Taylor deposit and Peake prospect.”

The South Canyon zone is located near the eastern property boundary, roughly 700 meters south of the drill currently testing the Boundary zone (Figure 1). The Company has collared a new HQ-sized diamond drill hole at South Canyon and, based on the geology and potential mineralization encountered, is planning on using this hole as the base for future offsetting wedge holes to the north, west, and northwest. SUN-002 is targeting the projection of two carbonate horizons, including the upper sequence (Concha +/- Scherrer Formations) as well as a lower sequence (Escabrosa Formation). The upper sequence is one of the primary hosts of the Taylor zinc-lead-silver deposit as well as the Boundary copper-zinc-lead-silver target currently being drilled by Barksdale to the north. The lower sequence hosts the Peake copper skarn prospect on the adjacent South32 property.

Drilling at the Boundary zone is also progressing well. The wedge hole SUN-001 is at approximately 1,175 meters depth and is approaching the projected top of the carbonate section (Concha Formation) at approximately. The hole is planned to continue to approximately 1,600 meters depth, which could be adjusted based on drilling conditions and/or encountered geology. The Company will continue to provide additional updates as the drill program progresses.

Figure 1. Plan map showing the Boundary zone target area (orange) as well as the location of the second rig in the South Canyon target area (green). Drill locations are shown with red dots. Deposit and prospect outlines on the neighboring property are taken from publicly disclosed information.

Figure 2. Simplified geologic cross section showing drill hole SUN-002 at the South Canyon target, which is expected to encounter multiple CRD/skarn targets once it reaches the carbonate horizon at depth. Geology and mineralization shown on the neighboring property are approximations based on publicly available information. Assays shown on Sunnyside property are historic in nature and should not be relied upon.

Scientific and technical information in this news release has been reviewed and approved by Lewis Teal, Senior Consultant to the Company and a ‘Qualified Person’ as defined under Canadian National Instrument 43-101.

Barksdale Resources Corp., a 2023 OTCQX BEST 50 Company, is a base metal exploration company headquartered in Vancouver, B.C., that is focused on the acquisition, exploration and advancement of highly prospective base metal projects in North America. Barksdale is currently advancing the Sunnyside copper-zinc-lead-silver and San Antonio copper projects, both of which are in the Patagonia mining district of southern Arizona, as well as the San Javier copper-gold project in central Sonora, Mexico.

ON BEHALF OF BARKSDALE RESOURCES CORP

Rick Trotman
President, CEO and Director
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Terri Anne Welyki
Vice President of Communications
778-238-2333
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For more information please phone 778-558-7145, email This email address is being protected from spambots. You need JavaScript enabled to view it. or visit www.BarksdaleResources.com.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes “forward-looking information” under applicable Canadian securities legislation including, but not limited to, the Company’s goals for 2023; geological interpretations; the proposed nature, size, timing, targets and impact of the Company’s planned drilling program on the Sunnyside project, anticipated drill and exploration results; the estimation of mineral resources; magnitude or quality of mineral deposits; anticipated advancement of mineral properties or programs; future operations; mine plans; future exploration prospects; the completion and timing of technical reports; future growth potential of Barksdale Resources and future development plans for the Sunnyside copper-lead-zinc-silver project; the ability of the Company to obtain the requisite staffing, bonding and financing therefor; and the potential impact of seasonal drilling restrictions on the ability of the Company to effectively carry out such program. Such forward-looking information reflects management’s current beliefs and are based on a number of estimates and assumptions made by and information currently available to the Company that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Historic drill results from the Sunnyside property are historic in nature and pre-date NI 43-101 standards. They are for informational purposes only and should not be relied on. Readers are cautioned that such forward-looking information are neither promises nor guarantees, and are subject to known and unknown risks and uncertainties including, but not limited to, general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets, lack of available capital, actual results of exploration activities, environmental risks, future prices of base metals, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. The Company’s proposed drilling program at Sunnyside is an exploratory search for commercial quantities of ore, the discovery of which cannot be assured. The geological similarity and close proximity of South 32’s Hermosa project (Taylor, Clark and Peake deposits) to Sunnyside is not necessary indicative of the mineralization at Sunnyside. There are currently no NI 43-101 resources or reserves on the Sunnyside property. There is also uncertainty about the continued spread and severity of COVID-19, the ongoing war in Ukraine and rising inflation and interest rates and the impact they will have on the Company’s operations, supply chains, ability to access mining projects or procure equipment, supplies, contractors and other personnel on a timely basis or at all and economic activity in general. All forward-looking information contained in this news release is qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. Accordingly, readers should not place undue reliance on forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
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October 17, 2023

Northern Shield Resources Identifies Visible Gold in 3 of 8 Drill Holes, Root & Cellar Property, Newfoundland

2023-10-17 05:06:04

OTTAWA, ON, Oct. 17, 2023 /CNW/ – Northern Shield Resources Inc. (“Northern Shield” or the “Company”) (TSXV: NRN) is pleased to announce that the diamond drilling program at the Root & Cellar Gold Project (the “Project”), located on the Burin Peninsula in southeastern Newfoundland, has been completed, with visible gold noted in three of the eight drill holes (Table 1). The Company can earn a 100% interest in the Project, which is being explored for epithermal gold-silver and porphyry-copper type mineralization, both with associated tellurium (Te).

Eight drill holes (23RC-15 to 22), totalling 615 metres, were completed (Figure 1) with 200 drill core samples taken for analysis. The drilling program tested shallow IP geophysical anomalies in the vicinity of surface mineralization in the Conquest Zone. Seven of the eight drill holes intersected quartz/silica-pyrite +/- clay breccias and associated argillic to propylitic alteration consistent with a low-sulphidation, epithermal, gold system. Five occurrences of visible gold were noted in drill holes 23RC-16, 18 and 21 (Figure 2). Mineralized zones show multiple phases and styles of brecciation (Figure 3) and replacement textures with common, abundant pyrite (and/or marcasite) in silica and locally clay rich matrixes. What are interpreted to be hydrothermal mill breccias, (including the “Oatmeal Breccia”) are a common phase in the Conquest Zone, and host two of the visible gold occurrences in drill core (Figure 4).

Much of the mineralization intersected is hosted in andesitic lapilli tuffs and adjacent rhyolite spires, and associated carapace breccias. It appears that the porosity of the tuffs and voids in breccia units acted as a sponge for the initial hydrothermal fluids prior to repeated brecciation events, each event bringing in more clay minerals, silica and pyrite.

The mineralization in drill core, along with the corresponding IP chargeability anomalies, fall on the edge of, or within, a zone of low resistivity. Clay minerals, ubiquitous in epithermal systems as alteration products, along with the observed stringer pyrite, could create these resistivity lows which, with the IP chargeability anomalies that coincide with its margin, provide an extensive target area.

Future drilling will test the mineralized intervals laterally, and to depth, along the margin of the geophysical anomalies.

“We are very happy with what we see in core from this small drilling program. Not only have we intersected multiple intervals of promising looking mineralization and visible gold within 40 metres of surface, we have also gained valuable knowledge of the geology and the likely causes of the geophysical signatures, and a refined understanding of the epithermal system. The multiple phases of hydrothermal brecciation, of which most, if not all carry pyrite, is a good sign as every progressive hydrothermal event provides the opportunity to increase gold grades and grow the epithermal system. Although we need to wait for assay results, we are very pleased with the results from the completed drilling program and we are optimistic about future drilling programs targeting the Conquest Zone”.

– Ian Bliss, Northern Shield President and CEO

Table 1. Summary of significant drill core intervals.

23RC-15	2.5 metres of hydrothermal breccias and alteration consisting of grey amorphous quartz vein and quartz vein fragments with disseminated pyrite in silica-pyrite rich matrix and a further 4.5 metres of mixed breccias and intense alteration with pyrite.
23RC-16	4.9 metres of crackle breccia consisting off-white siliceous fragments with chlorite fractures, patches of very fine-grained pyrite and disseminated pyrite associated with second phase of silicification. Some coarser pyrite with translucent quartz blebs and veinlets. Some stringer pyrite 4.9 metres of dominated by translucent quartz blebs and quartz vein fragments with disseminated pyrite and bladed marcasite Visible gold noted. 2 zones totalling 6 metres of hydrothermal breccia including “Oatmeal Breccia”, and rounded quartz blebs in a silica-pyrite matrix. Visible gold noted. 3 metre interval containing 5% quartz-hematite veins with minor pyrite.
23RC-17	1.6 metres of patches of grey silica and white quartz veins and blebs with fine pyrite. 11.5 metres of hydrothermal breccia and mineralized carapace breccia consisting mostly of grey quartz vein and quartz vein fragments, some creamy silica (adularia?) fragments, all with disseminated pyrite, minor bladed marcasite and patches of fine-grained pyrite. 3.4 metres of hydrothermal mill breccia including “Oatmeal Breccia” consisting mostly of rounded quartz fragments in silica-pyrite matrix and minor marcasite.
23RC-18	2.3 metres of hydrothermal mill breccia including “Oatmeal Breccia” consisting mostly of brecciated amorphous quartz and fragments of bluish-grey, crustiform silica and an indigo blue quartz with significant pyrite. Visible gold noted. A further 3.3 metres of moderate silicification and pyrite.
23RC-19	No significant noteworthy mineralization noted.
23RC-20	4.8 metres of hydrothermal breccia and mineralized carapace breccia consisting mostly of very fine disseminated pyrite throughout siliceous matrix and local coarser pyrite along the margins of white quartz veinlets and blebs.
23RC-21	Visible gold in quartz veinlet with relatively little wall rock alteration. 2.3 metres of hydrothermal brecciation and alteration with the development of creamy white silica (adularia?) with some quartz veinlets, disseminated and stringer e. 1 metre of dominantly creamy beige brecciated quartz-adularia? with stringer pyrite veinlets, white translucent quartz veinlets with and without pyrite. 2.4 metres of smoky grey, banded and brecciated amorphous silica with extremely fine-grained pyrite and pyrite stringers; some remnants of creamy silica-adularia veins/fragments. Several zones totalling 2.5 metres of dark grey, brecciated cryptocrystalline quartz and milled quartz breccia (oatmeal breccia) with some pink adularia? coming in with silica.
23RC-22	Two zones totalling 2 metres of greyish-white quartz breccia with matrix of bluish white silica/sericite and pyrite with fragments of white quartz.

The drilling project along with this news release was overseen by Christine Vaillancourt, P. Geo., the Company’s Chief Geologist and a Qualified Person under National Instrument 43-101.

About Northern Shield

Northern Shield Resources Inc. is a Canadian-based company, known as a leader in generating high-quality exploration targets, that views greenfield exploration as an opportunity to discover a near surface, tier one asset, at relatively low cost. We implement a model driven approach in exploration to reduce risks associated with early-stage projects for ourselves, our shareholders, and the environment. This approach is what led to the discovery of an alkaline-related gold-silver-tellurium and porphyry copper system at the Root & Cellar Project in Newfoundland.

Forward-Looking Statements Advisory

This news release contains statements concerning the exploration plans, results and potential for epithermal gold deposits, and other mineralization at the Company’s Root & Cellar Property , geological, geophysical and geometrical analyses of the properties and comparisons of the properties to known epithermal gold deposits and other expectations, plans, goals, objectives, assumptions, information or statements about future, conditions, results of exploration or performance that may constitute forward-looking statements or information under applicable securities legislation. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect.

Although Northern Shield believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward‑looking statements because Northern Shield can give no assurance that such expectations will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by Northern Shield and described in the forward‑looking statements or information. These risks and uncertainties include, but are not limited to, risks associated with geological, geometrical and geophysical interpretation and analysis, the ability of Northern Shield to obtain financing, equipment, supplies and qualified personnel necessary to carry on exploration and the general risks and uncertainties involved in mineral exploration and analysis.

The forward-looking statements or information contained in this news release are made as of the date hereof and Northern Shield undertakes no obligation to update publicly or revise any forward‑looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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

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October 17, 2023

Mink Ventures Completes Drill Hole at Montcalm, Begins Further Geophysical Surveys

2023-10-17 05:06:04

Toronto, Ontario–(Newsfile Corp. – October 17, 2023) – Mink Ventures Corporation (TSXV: MINK) (“Mink” or the “Company“) today announced that it has completed a diamond drill hole on an induced polarization (IP) anomaly in the western portion of the South Target Area (STA) at its Montcalm Ni Cu Co project, and begun additional IP surveying. Mink’s project is adjacent to Glencore’s historical Montcalm Mine, 65 km northwest of Timmins, Ontario. The Montcalm Mine had historical production of approximately 3.93 million tonnes of ore grading 1.25% Ni, 0.67% Cu and 0.051% Co (Ontario Geological Survey, Atkinson, 2010).

The first phase surface IP survey on the western portion of the STA was completed in March 2023. This survey proved to be very productive and outlined a high chargeability IP target with an estimated strike length of approximately 500 meters. A series of secondary targets were also outlined. The highest priority IP target, designated SW IP Anomaly 1, (See Figures 2,2A, & 3.) is associated with a strong magnetic response and an initial drill hole has just been completed to a depth of 219 meters to evaluate this target. Core logging is underway and assays for base and precious metals are pending.

The Company has initiated additional IP surveying in the eastern portion of the STA, which covers an interesting breccia zone on the contact of gabbroic phase of the Montcalm Gabbro Complex (MGC). The gabbro phase of the MGC hosts the former Montcalm Mine. Mineralization at the mine is often associated and/or peripheral to breccia zones. (See Figure 1 – blue unit & unit 4.) Further drilling in the STA area is planned to evaluate a number of secondary anomalies outlined in the first phase of the surface IP program, and any new anomalies that may be outlined in the current IP program in the eastern STA.

Upon completion of the current drilling and geophysical surveys, Mink Ventures will have expended the required $600,000 in exploration work to fulfill the work commitment in order to earn its 80% interest in the Montcalm Project.

CURRENT RATIONALE FOR MONTCALM PROGRAM

Historical work at the Glencore mine site demonstrated that in addition to the higher-grade Ni Cu Co lenses at the mine, there is potential for disseminated mineralization. In some instances, this type of mineralization is associated with a magnetic high and no coincident electromagnetic (EM) response (ex. Hole MAC9731 in Figure 2). Numerous magnetic targets of this nature are present on Mink’s claims both within the Hook Zone and across the STA of the property representing valid exploration targets. The recent surface IP survey in the STA outlined SW IP Anomaly 1, a strong, previously undetected anomaly proximal to a strong magnetic response. This test case of IP surveying proximal to magnetic anomalies demonstrated a reliable technique for outlining new targets possibly representing potential new zones of mineralization. Both disseminated and/or stringer mineralization as well as massive mineralization responds well to IP surveying and Mink’s approach at Montcalm utilizing both borehole IP and surface IP surveys rather than EM has proven successful in generating significant new targets.

Mink’s claims cover very prospective geology including approximately 10 km² of the gabbro phase of the Montcalm gabbro complex. The gabbro phase of the complex hosted the former Montcalm mine. (See Figure 1 – light blue unit.) Mink’s project has excellent access and infrastructure including an all-weather road to the property, a series of logging roads throughout, as well as a power line, and proximity to the Timmins Mining Camp, enabling cost-effective mobilization and exploration.

Qualified Person

Mr. Kevin Filo, P. Geo (Ontario), is a qualified person within the meaning of National Instrument 43-101. Mr. Filo approved the technical data disclosed in this release.

Figure 1: Montcalm Gabbro Complex Geology

Figure 2: Compilation Map – Magnetics, Historic Drill Holes & Target Areas

Figure 2A: South Target Area Detail of SW IP Anomaly 1

Figure 3: IP Pseudo-section of SW Anomaly 1 Line 4600W

About Mink Ventures Corporation

Mink Ventures Corporation (TSXV: MINK) is a Canadian mineral exploration company exploring for battery metals (nickel, copper, cobalt) at its Warren and Montcalm Projects, in the Timmins, Ontario Area. Mink’s flagship Montcalm project, covers 40 km2 adjacent to Glencore’s former Montcalm Mine which had historical production of 3.93 million tonnes of ore grading 1.25% Ni, 0.67% Cu and 0.051% Co (Ontario Geological Survey, Atkinson, 2010). Its Warren Ni Cu Co project is located 35 km away. Both projects have excellent access and infrastructure with an all-weather access road and power as well as proximity to the skilled labour and facilities of the Timmins Mining Camp. The Company has 17,902,984 shares outstanding.

For further information about Mink Ventures Corporation please contact: Natasha Dixon, President & CEO, T: 250-882-5620 E:This email address is being protected from spambots. You need JavaScript enabled to view it. or Kevin Filo, Director, T: 705-266-6818 or visit www.sedar.com.

Forward-Looking Statements

This press release includes certain “forward-looking statements” under applicable Canadian securities legislation, including, but not limited to, statements with respect to the common shares beginning trading on the TSXV. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. These forward-looking statements are made as of the date hereof and Mink disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

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.

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October 17, 2023
Group Eleven Identifies High-Priority Drill Targets Based on New Gravity Data at Ballywire Zinc-Lead-Silver Discovery

2023-10-17 03:03:20

VANCOUVER, BC, Oct. 17, 2023 /CNW/ – Group Eleven Resources Corp. (TSXV: ZNG) (OTCBB: GRLVF) (FRA: 3GE) (“Group Eleven” or the “Company“) is pleased to announce results of a ground gravity survey carried out during June 2023 at its 100%-owned Ballywire zinc-lead-silver discovery (“Ballywire“), PG West Project (“PG West“), Republic of Ireland.

Highlights

Detailed ground gravity surveying and modelling over the central portion (2.0km by 2.5km) of the Ballywire discovery area has identified a previously unknown gravity anomaly associated with known high-grade Zn-Pb-Ag mineralization

Modelling of the survey data also identified gravity anomalies located 870m and 1,275m east along strike from the discovery area that have yet to be drill-tested

Separately, five drill holes in total have been completed along three sections located 0m, 80m and 160m east of hole G11-468-12 (announced Sept 7^th, 2023)

Drilling continues and assays on all outstanding holes are expected in due course

“We are excited to see a gravity anomaly coincident with our discovery area as it strongly suggests that other gravity anomalies outboard of known mineralization, thus far untested, are now high-priority drill targets for the next phase of drilling,” stated Bart Jaworski, CEO. “The data also suggests that additional anomalies on the far east and west portions of the Ballywire discovery area are also prospective, warranting detailed follow-up gravity surveying and drill testing.”

New Gravity Survey at Ballywire

The Ballywire prospect at the Company’s 100%-owned PG West Project in Republic of Ireland, is a new zinc-lead-silver discovery (initially announced in September 2022).

In April 2023, the Company announced that re-processing of data from a historic (2000) ground gravity survey identified four gravity-high anomalies (named ‘A’, ‘B’, ‘C; and ‘D’), covering an approximately area of 6km x 2km at the Ballywire prospect (see Exhibit 1). In June 2023, the Company commissioned a detailed (100m x 100m spaced) follow-up ground-gravity survey over an area of approximately 2km by 2.5km, covering anomalies ‘B’ and ‘C’.

The newly acquired gravity data was inverted by Dr Hernan Ugalde from DIP Geosciences (based in Canada) and separately by iCRAG (based in Ireland). Inversion is the process of identifying a 3D density distribution that satisfies the measured gravity data, within the constraints of known geological information. Both inversion models generated similar results, in terms of the magnitude and location of density anomalies.

Exhibit 1. Plan Map of New Gravity Survey vs. Historic Gravity Anomalies ‘A’ to ‘D’ at Ballywire

Exhibit 2. Plan View of New Gravity Contours and Density-High Anomalies at Ballywire Discovery

The inversions confirmed the presence of both anomalies, showing anomaly ‘B’ to be larger than previously interpreted and anomaly ‘C’ to consist of three separate density-high anomalies, ‘C1’, ‘C2’ and ‘C3’ (see Exhibit 2). Anomaly ‘C1’ was previously unrecognized and coincides with the immediate discovery area (hosting high-grade holes G11-468-03, -06 and -12; see Exhibit 2, 3 and 5), while, anomalies ‘C2’ and ‘C3’, located 870m and 1,275m east of discovery hole G11-468-03, respectively, are yet to be drill tested (see Exhibit 2 and 4). A broader gravity-high anomaly (including ‘C1’, ‘C2’ and ‘C3’ anomalies) covers an area of 1.5km by 0.5km (see residual gravity contours in Exhibit 2 and 4).

Exhibit 3. Oblique View of New ‘C1’ Density-High Anomaly at Ballywire Discovery, PG West Project

Note, the location of density-high anomalies is a mathematical estimation based on a number of inputs and therefore several holes may be needed to fully test each anomaly.

Next Steps at Ballywire Discovery

Since the most recent drilling update on September 7, 2023, five holes have been completed: two holes on the same section at G11-468-12; two holes on a section 80m to the east of G11-468-12; and one hole 160m to the east of G11-468-12. The area being drill tested is located between anomalies ‘C1’ and ‘C2’ (see Exhibit 3 and 4). Drilling continues and assays are expected in due course.

Exhibit 4. Oblique View of New ‘C2’ and ‘C3’ Density-High Anomalies at Ballywire Discovery

Exhibit 5. Oblique View of New ‘B’ Density-High Anomaly at Ballywire Discovery

Background Information on Ballywire Discovery

Ballywire is located in the SE portion of the Company’s 100%-owned PG West Project, Republic of Ireland (see Exhibit 6). PG West, including the nearby Tullacondra prospect, covers an area of 650km² (251 square miles) and is contiguous with the Company’s Stonepark project (covering 184km²; 76.56% interest). Ballywire is located approximately 20km SE of Glencore’s Pallas Green deposit¹ and approximately 50km SW of the historic Lisheen zinc mine (closed in 2015).

Geologically, Ballywire is situated at the intersection of the SW projection of the Rathdowney Trend, hosting the past-producing Lisheen and Galmoy zinc mines, and the Pallas Green Corridor, which hosts the undeveloped Pallas Green deposit¹. Historic drilling at the Ballywire prospect was sparse, last being worked by operators in 2008. Group Eleven staked the prospect in 2016 and announced the discovery in September 2022.

Exhibit 6. Regional Map Showing Location of Ballywire Discovery, PG West Project (100% Interest)

Notes to Exhibit 6: (a) Pallas Green MRE is owned by Glencore (see Glencore’s Resources and Reserves Report dated December 31, 2022); (b) Stonepark MRE: see the ‘NI 43-101 Independent Report on the Zinc-Lead Exploration Project at Stonepark, County Limerick, Ireland‘, by Gordon, Kelly and van Lente, with an effective date of April 26, 2018, as found on SEDAR; and (c) the historic estimate at Denison was reported by Westland Exploration Limited in ‘Report on Prospecting Licence 464’ by Dermot Hughes dated May, 1988; the historic estimate at Gortdrum was reported in ‘The Geology and Genesis of the Gortdrum Cu-Ag-Hg Orebody’ by G.M. Steed dated 1986; and the historic estimate at Tullacondra was first reported by Munster Base Metals Ltd in ‘Report on Mallow Property’ by David Wilbur, dated December 1973; and later summarized in ‘Cu-Ag Mineralization at Tullacondra, Mallow, Co. Cork’ by Wilbur and Carter in 1986; the above three historic estimates have not been verified as current mineral resources; none of the key assumptions, parameters and methods used to prepare the historic estimates were reported and no resource categories were used; significant data compilation, re-drilling and data verification may be required by a Qualified Person before the historic estimates can be verified and upgraded to be compliant with current NI 43-101 standards; a Qualified Person has not done sufficient work to classify them as a current mineral resource and the Company is not treating the historic estimates as current mineral resources. ‘Rathdowney Trend’ is the south-westerly projection of the Rathdowney Trend, hosting the historic Lisheen and Galmoy mines.

______________________________

¹ Pallas Green Mineral Resource Estimate (MRE): 45 mln tonnes of 7.2% Zn and 1.2% Pb, Inferred (Glencore, 31-Dec-2022)

Qualified Person

Technical information in this news release has been approved by Professor Garth Earls, Eur Geol, P.Geo, FSEG, geological consultant at IGS (International Geoscience Services) Limited, and independent ‘Qualified Person’ as defined under Canadian National Instrument 43-101.

About Group Eleven Resources

Group Eleven Resources Corp. (TSX.V: ZNG; Pink: GRLVF and FRA: 3GE) is a mineral exploration company focused on advanced stage zinc exploration in the Republic of Ireland. Group Eleven announced the Ballywire discovery in September 2022. Key intercepts to date include: (i) 3.3m of 12.5% Zn+Pb and 48 g/t Ag (G11-468-01), (ii) 10.8m of 10.0% Zn+Pb and 109 g/t Ag (G11-468-03); (iii) 10.1m of 8.6% Zn+Pb and 46 g/t Ag (G11-468-06); and (iv) 10.5m of 14.7% Zn+Pb, 399 g/t Ag and 0.31% Cu (G11-468-12). The Company’s two largest shareholders are Glencore Canada Corp. (20.8% interest) and Michael Gentile (16.5%). Additional information about the Company is available at www.groupelevenresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS
Bart Jaworski, P.Geo.
Chief Executive Officer

Neither 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.

Cautionary Note Regarding Forward-Looking Information

This press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/ reserves and geological interpretations. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located. All of the Company’s public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties.

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October 17, 2023
Eureka Lithium Corp Receives Approval from KRG in Nunavik for Exploration and Drill Programs

2023-10-17 02:02:45

Vancouver, British Columbia–(Newsfile Corp. – October 17, 2023) – Eureka Lithium Corp. (CSE: ERKA) (OTCQB: UREKF) (FSE: S580) (“Eureka Lithium” or “Eureka” or the “Company“), announces that it has received official approval from the Kativik Regional Government (KRG) in Nunavik to proceed with further exploration activities, including an initial drill program, at the Company’s Raglan West property, located in Nunavik, Quebec.

The Company has diligently collaborated with local communities and stakeholders, ensuring that their exploration activities align with the cultural and environmental values of Nunavik. The company’s dedication to responsible resource development has earned the trust and support of the KRG.

The Company’s exploration efforts are centered on the exploration of lithium mineralization, a critical component in batteries for electric vehicles and renewable energy storage. The responsible identification of potential lithium resources in Nunavik adds to the national security for Canada and the United States and could assist in the transition to a sustainable and green energy future.

“Eureka Lithium Corp is honored to have received this approval from the KRG,” stated Jeffery Wilson, CEO of Eureka Lithium Corp. “Our team is deeply committed to conducting exploration activities that not only benefit our stakeholders but also protect the cultural and environmental heritage of Nunavik. We look forward to a collaborative and prosperous partnership with the KRG and the local communities.”

Eureka Lithium Corp is eager to commence its exploration activities, continuing to prioritize transparency, sustainability, and community engagement. Regular updates on the progress of the exploration initiatives will be provided to the public and stakeholders.

About KRG in Nunavik:

The Kativik Regional Government (KRG) represents the interests and aspirations of the Nunavik population in Northern Quebec. The KRG’s mission is to enhance the well-being of Nunavimmiut, safeguard their rights, and contribute to their social, cultural, and political goals.

Corporate Video

To view a new Eureka Lithium corporate video, visit www.EurekaLithiumCorp.com (https://eurekalithiumcorp.com) or the following URL:

Cannot view this video? Visit:
https://www.youtube.com/watch?v=9Vvm0zfNFp4

Corporate Presentation

Visit the Eureka Lithium homepage or click on the following URL to view the Company’s Corporate Presentation:

https://eurekalithiumcorp.com/EurekaLithium_Q3_2023.pdf

Qualified Person

The scientific and technical content of this news release has been reviewed and approved by Afzaal Pirzada, P. Geo., who is a “qualified person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Eureka Lithium Corp.

Eureka Lithium is the largest lithium-focused landowner in the northern third of Quebec, known as the Nunavik region, with 100% ownership of three projects comprising 1,408 sq. km in the emerging Raglan West, Raglan South and New Leaf Lithium Camps. These claims were acquired from legendary prospector Shawn Ryan and are located in a region that hosts two operating nickel mines with deep-sea port access.

Contact Information:

For more information please contact:

Jeffrey Wilson
Chief Executive Officer
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Cautionary Statement

Certain statements contained in this news release, including statements which may contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, and statements related to matters which are not historical facts, such as statements regarding the contemplated completion of the Acquisition and the Concurrent Financing, are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements reflect management’s expectations and are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the Company’s forward-looking statements. The Company believes that the expectations reflected in the forward-looking statements contained in this news release are reasonable, but no assurance can be given that these expectations will prove to be correct, nor that the Acquisition will be completed as contemplated, or at all, or that the Concurrent Financing will be completed as contemplated, or at all. The Company undertakes no obligation to release publicly any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law.

The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.

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October 17, 2023
Go Metals Begins Reverse Circulation Drill Program at HSP

2023-10-16 10:09:00

Vancouver, British Columbia–(Newsfile Corp. – October 16, 2023) – Go Metals Corp. (CSE: GOCO) (“Go Metals” and/or the “Company“) is pleased to announce the Company has mobilized the drill to the HSP nickel-copper project, north of Havre-Saint-Pierre on the Côte-Nord of Quebec.

Figure 1: Drill mobilization at Red Mountain

Highlights

Completed 200 square kilometres AirTEM survey

RC drill program based on UTEM ground survey

Drill targets include Red Mountain, Chamber, and PGE

Scott Sheldon, CEO of Go Metals said, “The AirTEM airborne survey has completed both the north and south contact extensions of the original HSP block. Our focus is now on drilling the UTEM anomalies where we confirmed the presence of highly conductive, west-dipping bodies at both Red Mountain and PGE zones. Drilling into the center of the conductors perpendicular to the interpreted dip will give the company valuable information on each target.”

Qualified Person

Hugues Longuépée, P.Geo., is the qualified person (“QP”) for the Company as defined in the National Instrument 43-101 and has reviewed the technical information presented within this news release. The QP for the Company has not verified the historic sample analytical data disclosed within this release.

About Go Metals

Go Metals targets Canadian battery metal projects to help power a sustainable future. The Company’s flagship HSP project has multiple nickel-copper sulphide targets within a 400 square kilometre land package north of Havre-Saint Pierre, Quebec in the Nitassinan of the Innu of Ekuanitshit.

The HSP property hosts multiple magmatic sulphide targets within a potential new nickel belt spanning hundreds of kilometres across the Havre-Saint-Pierre anorthosite complex in the Grenville Province.

For further information, please contact:

Scott Sheldon, President
604.725.1857
This email address is being protected from spambots. You need JavaScript enabled to view it.

Forward-Looking Information:

This press release may include “forward-looking information” (as that term is defined by Canadian securities legislation), concerning the Company’s business. Forward-looking information is based on certain key expectations and assumptions made by the Company’s management, including future plans for the exploration and development of its mineral properties, future production, reserve potential, and events or developments that the Company expects. Although the Company believes that such expectations and assumptions are reasonable, investors should not rely unduly on such forward-looking information as the Company can give no assurance, they will prove to be correct. Forward-looking statements in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to publicly update any forward-looking information (whether because of new information, future events or results, or otherwise) other than as required by applicable securities laws. There are several risk factors that could cause future results to differ materially from those described herein. Information identifying risks and uncertainties is contained in the Company’s filings with the Canadian securities regulators, which filings are available at www.sedar.com.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this news release.

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October 16, 2023

Novo Resources: Gold Mineralisation Intersected in Maiden Drill Program at Nunyerry North

2023-10-16 07:56:38

HIGHLIGHTS

Strong results received from the first six drill holes of the maiden drill program at Nunyerry North, including best intercepts of 13 m @ 1.18 g/t Au, 7 m @ 1.12 g/t Au and 3 m @ 1.37 g/t Au.¹

Drill program designed to test the > 1.4 strike km surface gold anomaly with high grade gold in rock chip results from sheeted quartz veins.²

24 holes for 2,028 m of reverse circulation (“RC”) drilling completed to date with holes intersecting significant zones of quartz veining.

Following on from promising early-stage results, Novo increased the current program to 2,300 m with an additional four holes to be completed by late October 2023.

On completion of drilling, approximately 600 m strike of the northern soil anomaly will be partially tested, leaving 700 m to the west and 1.3 km of the southern soil anomaly to be assessed.

De Grey Mining (ASX:DEG) commenced aircore (“AC”) drilling at Becher in the Egina Joint Venture area in September 2023, as part of an initial 39,000 m drill program (which is likely to include RC/diamond drilling).²

Drilling activities also scheduled to commence in early November at the Belltopper Gold project in Victoria and planning is underway for drilling on the Balla Balla Gold Project, an emerging target in the Pilbara.

Novo Executive Co-Chairman and Acting CEO Mike Spreadborough said, “We are very pleased with these initial results from the drilling at Nunyerry North, which have delivered intercepts of up to 13 m @ 1.18 g/t Au from surface. As a result of these results we have increased the size of the program to 2,300 m and look forward to completing the final holes by late October.

“Nunyerry North is an exciting exploration target for Novo and we have only started to understand the potential extent of the gold mineralised system. We are very focused on ensuring the progress we are making on the ground continues and have already begun planning for a follow-up drill program in the first half of 2024.

“In addition to Nunyerry North, it is great to see De Grey commence their exploration program at the Becher Project, which is part of our Egina JV. De Grey have outlined a substantial 39,000 m program of AC, RC and diamond drilling.

“We will also commence a 2,200 m diamond drill program at our exciting Belltopper Gold project in Victoria in early November. Belltopper is located only ~50 km south of Agnico Eagle’s Fosterville Gold Mine in the Bendigo Tectonic Zone, where over 60 Moz Au were produced historically.”

VANCOUVER, British Columbia, Oct. 16, 2023 (GLOBE NEWSWIRE) — Novo Resources Corp. (Novo or the Company) (ASX: NVO) (TSX: NVO & NVO.WT.A) (OTCQX: NSRPF) is pleased to announce promising results from the first six holes of the Company’s maiden RC drill program at Nunyerry North, located in the southern Egina Gold Camp in the Pilbara, Western Australia (Figures 1 and 2). The Nunyerry North project is a 70:30 joint venture with the Creasy Group.³

Previous reconnaissance work completed by Novo highlighted Nunyerry North as a high priority exploration target, with potential to become a significant gold project and delineated > 1.4 strike km of high-tenor gold anomalism at surface. The primary focus of this current drill program is to target significant mineralised zones defined by surface exploration along the sizeable known strike extent.

Figure 1: Novo’s Pilbara tenure showing priority prospects, joint venture interests and the location of drilling at Nunyerry North

Figure 2: RC drilling at Nunyerry North looking to the southwest. The RC rig is drilling hole NC009, and holes NC001 to NC006 are shown in the left side of the photo.

Nunyerry North Drill Program⁴

Novo commenced its maiden RC drill program of approximately 2,000 m at Nunyerry North on 12 September 2023 and to date, 24 holes for 2,028 m (average depth of 84.5 m) have been completed. The program has been extended to 2,300 m on the basis of early results, with four holes remaining to be drilled. The program is anticipated to be completed by late October 2023.

Importantly, significant zones of quartz veins and variable sulphides have been intersected. Drilling has been conducted at 40 to 60 m spaced sections, with holes approximately 20 m apart on section.

Results received from the first six drill holes include best intercepts of 13 m @ 1.18 g/t Au, 7 m @ 1.12 g/t Au and 3 m @ 1.37 g/t Au (intercepts calculated using up to 3 m internal dilution and 0.3 g/t Au cut-off) (Table 1 and Appendix for hole locations).

First pass drilling has initially targeted the western part of the main high-grade gold-in-soil anomaly (Figures 3 and 4) and was aimed at testing vein densities and grade, potential controls on mineralisation and establishing the dips of major shear zones such as the Skadi and Freyda Shears and the crosscutting Aurora Fault.

Hole Width m Au g/t From m intercept

NC001 13 0.48 1 13 m @ 0.48 g/t Au from 1 m – NC001

NC002 1 4.64 2 1 m @ 4.64 g/t Au from 2 m – NC002

NC002 4 1 17 4 m @ 1 g/t Au from 17 m – NC002

NC002 5 0.49 26 5 m @ 0.49 g/t Au from 26 m – NC002

NC002 4 0.36 61 4 m @ 0.36 g/t Au from 61 m – NC002

NC003 7 0.75 0 7 m @ 0.75 g/t Au from 0 m – NC003

INCLUDING 3 1.37 4 3 m @ 1.37 g/t Au from 4 m – NC003

NC003 4 0.64 32 4 m @ 0.64 g/t Au from 32 m – NC003

NC004 13 1.18 0 13 m @ 1.18 g/t Au from 0 m – NC004

NC005 4 0.9 3 4 m @ 0.9 g/t Au from 3 m – NC005

NC005 2 1.04 24 2 m @ 1.04 g/t Au from 24 m – NC005

NC005 1 0.51 79 1 m @ 0.51 g/t Au from 79 m – NC005

NC005 1 0.8 90 1 m @ 0.8 g/t Au from 90 m – NC005

NC006 7 1.12 38 7 m @ 1.12 g/t Au from 38 m – NC006

NC006 1 0.61 52 1 m @ 0.61 g/t Au from 52 m – NC006

3m internal dilution and 0.3 g/t Au cut-off

Table 1: RC drill results from first six holes drilled at Nunyerry North

The remaining four holes are focused on the eastern edge of the northern soil anomaly, where multiple shear zones intersect, and siliceous alteration is present at surface. On completion of the maiden drilling program, approximately 600 m of strike of the northern soil anomaly will be partially tested, leaving 700 m to the west and the 1.3 km long southern soil anomaly still to be tested.

Exploration is progressing on other structurally controlled gold targets along the major fault corridors extending towards the Becher area, to the northwest of Nunyerry North (Figure 5). Mineralisation defined along these fertile structures, includes shale-hosted gold and quartz vein related gold in sandstone, shale and gabbro.

Further work at Nunyerry North will include:

3D targeting and detailed geological and structural modelling, once all results from the maiden drill program are available.

Intercepts from the first four drill holes have been sent for 1 kg screen fire-assay to assess if there is any coarse gold variability. Results will direct future analytical procedures at the Nunyerry North Prospect.

Targeting additional RC and diamond drilling to test the southern and western soil anomalies in H1 2024, which will require expanding the cleared heritage areas.

Detailed mapping and rock chip sampling in areas outside of the current limit of mapping.

Figure 3: Nunyerry North geological interpretation, soil gold geochemistry and drill hole location plan.

The Egina Gold Camp

The Nunyerry North Prospect is located in the southern region of Novo’s highly prospective Egina Gold Camp (Figure 5) that consists of 80 km of contiguous tenements.

In the north of the Egina Gold Camp is Novo’s highly prospective Becher Project, which is located only 28 km from De Grey Mining’s 9.5 million ounce Hemi gold deposit.⁵ In June 2023, Novo announced an earn-in arrangement that will result in the formation of the Egina JV with De Grey. De Grey is required to spend A$25 million within four years to earn a 50% JV interest (including a requirement for a minimum spend of A$7 million in the first 18 months).⁶

De Grey recently commenced AC drilling at Becher as part of its planned initial 39,000 m program of AC, RC and diamond drilling.⁷

There are several other gold targets at various stages of exploration maturity, along the main structural corridors within the southern part of the Egina Gold Camp (Figure 5).

Figure 4: The broader Nunyerry North Project area highlighting contoured gold results from soil sampling at Nunyerry North and current drilling area.

Novo Pilbara Landholding

Novo currently controls (through 100% ownership and various Joint Venture or Option Agreements) approx. 9,000 sq km of tenure in the Pilbara District of Western Australia. The size of the tenement package has been reduced from approx. 10,500 sq km over the past 18 months as field reconnaissance programs have allowed a better understanding of geological prospectivity.

Drilling at Belltopper in Q4

Diamond drilling of multiple high-grade targets at the Belltopper Gold project in Victoria is imminent, with drilling scheduled to start in early November 2023. Approximately 2,200 m of drilling will test structural and intrusion hosted/related gold targets, including strong induced polarization (“IP”) geophysical anomalies.

Figure 5: Southern Egina Gold Camp tenure showing significant Au prospects, location of Nunyerry North, and joint venture interests.²

ABOUT NOVO

Novo explores and develops its prospective land package covering approximately 9,000 square kilometres⁸ in the Pilbara region of Western Australia, along with the 22 square kilometre Belltopper project in the Bendigo Tectonic Zone of Victoria, Australia. In addition to the Company’s primary focus, Novo seeks to leverage its internal geological expertise to deliver value-accretive opportunities to its shareholders.

Authorised for release by the Board of Directors.

CONTACT

Investors:
Mike Spreadborough
+61 419 329 987
This email address is being protected from spambots. You need JavaScript enabled to view it. Media:
Cameron Gilenko
+61 466 984 953
This email address is being protected from spambots. You need JavaScript enabled to view it.

QP STATEMENT

Mrs. Karen (Kas) De Luca (MAIG), is the qualified person, as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects, responsible for, and having reviewed and approved, the technical information contained in this news release other than information concerning De Grey’s Pilbara Gold Project. Mrs De Luca is Novo’s General Manger Exploration.

JORC COMPLIANCE STATEMENT

The information in this news release in relation to results from rock chip sampling at Nunyerry North Is extracted from Novo’s Prospectus dated 2 August 2023 (which includes an Independent Geologist’s Report at Annexure 1) that was released to ASX on 7 September 2023 and which is available to view on www.asx.com.au. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.

FORWARD-LOOKING INFORMATION

Some statements in this news release contain forward-looking information (within the meaning of Canadian securities legislation) including, without limitation, that exploration programs will be advanced as described in this news release. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, customary risks of the resource industry and the risk factors identified in Novo’s annual information form for the year ended December 31, 2022, which is available under Novo’s profile on SEDAR+ at www.sedarplus.ca. Forward-looking statements speak only as of the date those statements are made. Except as required by applicable law, Novo assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements. If Novo updates any forward-looking statement(s), no inference should be drawn that the Company will make additional updates with respect to those or other forward-looking statements.

APPENDIX

Nunyerry North RC drill hole locations in MGA_2020 zone 50

HOLE_ID EASTING (m) NORTHING (m) RL (m) AZI DIP DEPTH (m)

NC001 590752 7619490 277.0 331 -46 52

NC002 590757 7619480 274.4 333 -49 78

NC003 590764 7619461 269.0 334 -49 90

NC004 590792 7619495 269.4 337 -45 52

NC005 590801 7619477 268.5 332 -50 120

NC006 590809 7619460 266.5 338 -53 120

NC007 590809 7619459 266.5 281 -44 66

NC008 590703 7619451 275.4 337 -54 48

NC009 590719 7619513 282.6 160 -78 48

NC010 590689 7619484 281.3 327 -43 54

NC011 590693 7619474 282.5 329 -58 102

NC012 590770 7619450 267.2 337 -56 102

NC013 590817 7619438 263.5 337 -55 102

NC014 590836 7619493 270.3 332 -43 54

NC015 590844 7619475 267.0 331 -60 114

NC016 590848 7619464 266.0 333 -70 102

NC017 590878 7619490 264.8 339 -54 102

NC018 590892 7619475 262.9 341 -57 102

NC019 590651 7619471 270.9 333 -45 54

NC020 590627 7619425 266.8 332 -43 102

NC021 590613 7619465 270.6 91 -50 54

NC022 590665 7619436 269.0 335 -51 120

NC023 590769 7619448 267.2 331 -74 102

NC024 590712 7619430 268.0 337 -45 88

¹ Refer to Table 1 and Appendix: for results.
² Refer to the Company’s news release dated 6 September 2022.
³ Novo holds 70% interest in gold rights, other mineral rights, legal interest and mining information pursuant to the Croyden JV agreement as announced previously in Novo news release dated 15 June 2020.
⁴ Refer to Endnote 2 above.
⁵ Refer to De Grey Mining Limited’s ASX Announcement dated 15 June 2023. No assurance can be given that a similar or any commercially mineable deposit will be determined at Novo’s Becher Project.
⁶ Refer to the Company’s news release dated 21 June 2023.
⁷ Works carried out under the De Grey earn-in arrangement. Refer to the Company’s news releases dated June 21, 2023 and June 28, 2023.
⁸ Nullagine Gold Project area comprises approximately 1,080km² of Novo’s total tenure package of 9,000km².

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October 16, 2023

Deep-South Resources Hires Ferrodrill to Drill Haib Copper Project in the South of Namibia

2023-10-12 06:56:36

VANCOUVER, British Columbia, Oct. 12, 2023 (GLOBE NEWSWIRE) — Deep-South Resources Inc. (“Deep-South” or “the Company“) (TSX-V: DSM) announces that it has entered into an agreement with Ferrodrill Namibia (Pty) Ltd in order to proceed with the drilling program on the Haib Copper project in the south of Namibia. Ferrodrill is a Namibian drilling contractor providing full drilling services since 2007 and has provided services to a large number companies from exploration to major mining companies. The contract provides for 5,000 meters of diamond drilling. Drilling planning and preparation is on track and we will inform our shareholders of the schedule and complete program in due course.

The specific focus of the drilling campaign is to drill the high-grade area of the deposit uncovered by Deep-South in 2019. The program was planned to drill up to 10,000 meters in the area. The first 5,000 meters were drilled in 2021. However, the program had been suspended when the Ministry of Mines and Energy of Namibia (the Ministry) has refused to renew the Exploration and Prospecting Licence (EPL). This legal situation has been resolved and the licence was renewed on July 7, 2023. Deep-South goal is to complete the remaining 5,000 meters and then proceed with a new resource estimation.

Previous drilling programmes point to the presence of higher copper grade zones, probably associated with near vertical structures (shears and faults) within the broader mineralised areas of the project. The use of vertical drilling in the past potentially missed those structures resulting in an underestimation of the overall grade. Our drilling program is focussing to redress this through the use of inclined holes to identify and delineate these structures and test the association with higher Cu grade zones. The results of the first 5,000 meters drilled in 2021 seem to support this updated interpretation, showing substantial intersections at Cu grades considered high for Haib. Additionally, the presence of molydenum has been confirmed with high Mo grades obtained in association with structures and alterations.

About Deep-South Resources Inc.

Deep-South Resources is a mineral exploration and development company. Deep-South’s growth strategy is to focus on the exploration and development of quality assets in significant mineralized trends and in proximity to infrastructure in stable countries. The Company holds the Haib Copper Project in Namibia and holds an interest in three exploration licenses in the Copperbelt in Zambia. In using and assessing environmentally friendly technologies in the development of its copper projects, Deep-South embraces the green revolution.

Qualified Person

Mr. Dean Richards Pr.Sci.Nat. , MGSSA – BSc. (Hons.) Geology, is the Qualified Person for the Haib Project as defined by National Instrument 43-101 and has approved the technical disclosure contained in this news release.

More information is available by contacting Pierre Léveillé, President & CEO at +1-819-340-0140 or at: This email address is being protected from spambots. You need JavaScript enabled to view it.

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.

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October 12, 2023
Phenom Resources Commences Drill Program at Carlin, Nevada

2023-10-10 06:19:11

Vancouver, British Columbia–(Newsfile Corp. – October 10, 2023) – Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) (FSE: 1PY0) (“Phenom” or the “Company”) is pleased to announce that yesterday its drill contractor mobilized its drilling equipment to Phenom’s 100% owned Carlin Gold-Vanadium Project, located within the Carlin gold trend of Nevada. Drill hole RC23-17, a 2000′ planned reverse circulation hole is about to start to test the gold system at depth. The drill site is located where near-surface gold of up to 1.4g/t Au (0.044oz Au/t) in outcrop is considered geochemical “leakage” above the deeper target zone and flanking the confluence of the north-south graben fault and a northwest trending splay fault. North-south and northwest oriented faults are the most significant fault orientations influencing gold mineralization in the Carlin gold trend.

Paul Cowley, President & CEO states, “Minor drill contractor operational delays are behind us. Dave Mathewson and I are excited to drill hole RC23-17 which follows the impressive findings in hole RC22-16 that encountered the best features of the gold system to date; the most intense alteration and gold mineralized (dolomite-silica-pyrite) Popovich limestone starting at a 1680′ depth.”

About Phenom Resources Corp.
Phenom has 100% interest in the Carlin Gold-Vanadium Project, located in Elko County, 6 miles south from the town of Carlin, Nevada and Highway I-80 which hosts the Carlin Vanadium deposit, North America’s largest highest grade primary vanadium resource. The Project lies in the Carlin Gold Trend. Approximately 9 million ounces comprised of multiple gold deposits, including past producing mines, are present near the Phenom property (5-15km).

ON BEHALF OF PHENOM RESOURCES CORP.
per: “Paul Cowley”
CEO & President
(604) 340-7711
This email address is being protected from spambots. You need JavaScript enabled to view it. www.phenomresources.com

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, a Qualified Person as defined by National Instrument 43-101, and President, CEO and director of the Company.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in 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.

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October 10, 2023

Doubleview Gold: Drill Hole Assays in the Newly Discovered Buck Zone Connects the West Lisle Zone to Main Lisle deposit

2023-10-10 06:04:08

Vancouver, British Columbia–(Newsfile Corp. – October 10, 2023) – Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (GER: A1W038) (the “Company or “Doubleview”) is pleased to announce assay results from Hat Project drill holes H049, H052, and H053 (Drill holes H050 & H051 were previously reported 06/010/23). Of special significance is drill hole H052 that intersected more than 500 meters with strong Copper and Gold Mineralization within which a 211.2 meter interval included 0.35 g/t Gold, 0.37% Copper with a total 1.33% Copper Equivalent**. Also particularly notable is an apparent increase in strength of all metals with increased depth. Cobalt assay results for drill hole H053 are among the highest ever reported for the Lisle Zone. Drill holes H052 and H053 are in the Buck zone connecting the western Lisle zone with the strong mineralization of the southern Lisle zone.

The reported drill holes cover a 150m x 260m area if projected to surface. The drill hole locations were carefully selected to gradually increase the Lisle deposit volume for the upcoming resource estimation, anticipated to be released Q1 of 2024. Table 1 shows assay intervals in detail and Table 2 provides information concerning drill hole locations. Figures 1 and 2 illustrate the locations and distribution of mineralization. Drill holes H052 and H053 provide a link from the west part of Lisle Zone to its southern extension.

Farshad Shirvani, Doubleview’s president and CEO, comments that “The 2023 drill campaign has exceeded all expectations. These first pair of drill holes connect the newly discovered Buck zone with the Lisle zone, which until now had previously been viewed as two separate areas. It’s anticipated that this will add significantly to the size and value of the Hat deposit. Besides the consistently high values of scandium and the continuous numbers for copper, the results for cobalt in drill hole H049 are, as with the case in H053, some of the highest grading cobalt assays ever encountered at the Hat deposit. This underlines the project’s outstanding importance to potentially be supportive for Canada’s ambitious plan to tackle climate change and have an independent supply of critical metals.”

Mr. Shirvani continued “While work is continuing to prepare the resource estimation data package, we are steadily advancing our drill hole coverage southward to the nearly unexplored Hoey zone, where earlier surface work including hand trenching, showed strong copper, cobalt and gold mineralization.”

Currently the 2023 drilling campaign continues to advance the Hat project, and the total drilled length of this season exceeds 8,000 meters.

TABLE 1. Assay results

DDH From (m) To
(m) Length (m) Ag
(g/t) Au
(g/t) Co
(g/t) Cu
(%) Sc
(g/t) CuEq (%)* incl Sc2O3

H049 42.8 376.7 333.9 0.12 0.03 71.0 0.05 32.4 0.87

inc. 42.8 50.0 7.2 1.04 0.02 774.0 0.16 16.2 0.91

inc. 161.5 188.6 27.1 0.32 0.04 83.3 0.06 31.3 0.86

inc. 230.6 256.0 25.4 0.31 0.10 100.2 0.18 25.0 0.86

and 373.8 379.3 5.5 0.25 0.22 120.8 0.21 26.0 0.99

H052 24.4 531.0 506.6 0.29 0.18 116.4 0.20 31.7 1.09

inc. 33.7 160.2 126.5 0.17 0.05 86.7 0.05 32.7 0.90

inc. 183.0 523.8 340.8 0.36 0.24 132.4 0.27 31.6 1.20

inc. 201.0 523.8 322.8 0.37 0.25 136.7 0.28 31.9 1.22

and 252.0 463.2 211.2 0.45 0.35 165.3 0.37 30.4 1.33

inc. 252.0 526.3 274.3 0.38 0.30 146.3 0.32 31.9 1.28

inc. 351.0 463.2 112.2 0.33 0.54 177.4 0.46 31.5 1.55

H053 33.0 408.0 375.0 0.16 0.09 94.5 0.08 32.4 0.94

inc. 33.0 204.6 171.6 0.25 0.06 154.9 0.11 31.1 0.95

inc. 33.0 150.0 117.0 0.09 0.03 59.8 0.04 32.2 0.85

inc. 156.0 204.6 48.6 0.68 0.15 399.4 0.29 28.7 1.21

inc. 188.0 204.6 16.6 1.18 0.25 743.5 0.54 28.3 1.64

and 160.0 363.0 203.0 0.21 0.12 130.5 0.11 32.5 1.01

Notes:
– Metal equivalents should not be relied upon for future evaluations.
– Drill hole intercepts included in this news release are core lengths that may or may not be true widths of mineralization. It is not possible to determine true widths.
**Copper Equivalent (CuEq%) is estimated using the following metal values and equations:
– *CuEq(%) =(Ag(g/t) x Price_Ag x Rec_Ag/31.1035 + Au(g/t) x Price_Au x Rec_Au/31.1035 + Co(%) x Price_Co x Rec_Co x 22.0462 + Cu(%)x Price_Cu x Rec_Cu x 22.0462 + Sc(g/t) x Price_Sc x Rec_Sc x Sc_con) / (Price_Cu x 22.0462)
– Price_Ag = $22.20/troy oz, Price_Au=$1,812.14/ troy oz, Price_Co = $23.30/lb, Price_Cu = $3.84/lb, Price_Sc = $1.5/g
– Rec_Ag = 68% , Rec_Au = 89% , Rec_Co = 78%, Rec_Cu = 84% , Rec_Sc = 88%

Figure 1. Section along the drill holes

TABLE 2. Drill Hole Data

Drill Hole ID UTM – East UTM – North Elevation Max-Depth Azimuth Dip Area

H049 347,471 6,454,073 964 512 0 -87 Lisle West

H052 347,471 6,454,073 964 540 135 -60 Lisle West

H053 347,471 6,454,073 964 442.4 105 -70 Lisle West

Figure 2. Drill Plan

Quality Assurance and Quality Control

Core samples were prepared at the North Vancouver facility of ALS Canada Ltd. using their PREP-31, PGM-ICP24, ME-MS61, and ME-ICP06 packages. Each core sample is dried, then crushed to 70% passing a 2mm screen. All material is processed in an automatic Riffle splitter to yield a 250g homogenized, representative sample. This sub-sample is then pulverized to 85% passing a 75-micron screen. All samples are analyzed for Au, Pt, Pd by 50g fire-assay fusion/ICP-ES finish, using PGM-ICP24 package. A separate 0.25g pulp split is analyzed by Four Acid digestion/ICP-MS finish, reporting 48 elements. Over limit elements are analyzed by Ore Grade Four Acid digestion/ICP-ES finish using ME-OG62 assay package. All of Doubleview’s core samples are analyzed or assayed at independent ISO 17025 and ISO 9001- certified laboratories.

Doubleview maintains a website at www.doubleview.ca.

Qualified Persons

Erik Ostensoe, P. Geo., a consulting geologist, and Doubleview’s Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed, and approved the technical contents of this news release. He is not independent of Doubleview as he is a shareholder in the company.

Cautionary Note

Although a mineral resource estimation is currently being prepared by an independent engineering firm, no mineral resources have been estimated at the Hat Property and there is no assurance that further work will result in the Lisle Zone, or other zones if present, being classified as mineral resources.

About Doubleview Gold Corp

Doubleview Gold Corp., a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada, and is publicly traded on the TSX-Venture Exchange (TSXV: DBG) (OTCQB: DBLVF) (GER: A1W038) (FSE: 1D4). Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia. Doubleview increases shareholder value through acquisition and exploration of quality gold, copper and silver properties and the application of advanced state-of-the-art exploration methods. The Company’s portfolio of strategic properties provides diversification and mitigates investment risks.

On behalf of the Board of Directors,

Farshad Shirvani, President & Chief Executive Officer

For further information please contact:

Doubleview Gold Corp
Vancouver, BC Farshad Shirvani
President & CEO

T: (604) 678-9587
E: This email address is being protected from spambots. You need JavaScript enabled to view it.

NEITHER 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.

Certain of the statements made and information contained herein may constitute “forward-looking information.” In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

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October 10, 2023

Ivanhoe Electric Reports First Drill Results from its Initial Exploration Program at the Hog Heaven Project in Montana

2023-10-09 04:06:17

Exploration Drilling Intersects Widespread Precious and Base Metal Mineralization To Significant Depth Below Historic Mining Levels

Exploration Drill Hole HHD-005 Intersects 311 Meters Containing 0.35 g/t Gold, 22.89 g/t Silver, 0.36% Lead, and 0.55% Zinc, from 162 to 473 Meters

Ivanhoe Electric’s Proprietary Typhoon™ Geophysical Survey System Deployed to Advance the Search for Additional Epithermal Mineralization and Deep Porphyry Source at Hog Heaven

PHOENIX, AZ / ACCESSWIRE / October 9, 2023 / Ivanhoe Electric Inc. (“Ivanhoe Electric”) (NYSE American:IE)(TSX:IE) Executive Chairman, Robert Friedland and President and Chief Executive Officer, Taylor Melvin are pleased to provide an update on the status of ongoing exploration efforts, including the initial results of Ivanhoe Electric’s exploration drilling, at the Hog Heaven exploration Project located on private land approximately 50 miles southwest of Kalispell, Montana.

Mr. Friedland commented: “We have a wonderful opportunity at the Hog Heaven Project, located on private land in the silver-rich state of Montana, to pick up where legendary miners like Anaconda left off. This region is well known for its long and rich history of silver production, and we believe there is more to the story. Our recent drilling efforts have returned promising initial results, and our geologists see potential for mineralization to continue to great depths.”

Mr. Melvin commented: “We are excited by the initial results of our exploration drilling program at Hog Heaven, a high-quality exploration project on private land in Montana. The early presence of high-grade precious metal mineralization along with base metal mineralization, at depths much greater than the historical drilling and mining operations in the district, is encouraging as our team advances to the next phases of exploration drilling. The Hog Heaven Project is emerging rapidly as one of our most interesting exploration projects in the United States.”

The Hog Heaven district consists of several high sulfidation epithermal mineral deposits and prospects as well as several now-closed mines, including the Flathead Mine.

The Flathead Mine was mined by Anaconda Mining Inc. from 1929 to 1946, producing approximately 241,000 short tons of direct-ship ore averaging 26.6 troy oz/ton silver. Another operator mined the Flathead Mine from 1963 to 1975 producing 49,700 short tons averaging 9.35 troy oz/ton silver. Other previously mined high sulfidation epithermal mineral deposits within the bounds of the Hog Heaven Project include the Ole Hill and West Flathead Mines located 1 mile west of the Flathead Mine; the Margarite Mine, south of Flathead Mine; and the Martin Mine just northwest of Margarite Mine. Ivanhoe Electric’s exploration team believes that the Flathead Mine is part of a much larger mineralized system that has remained unrecognized by past miners and explorers.

2023 Hog Heaven Drilling Program

Ivanhoe Electric’s 2023 drill program at Hog Heaven commenced in June 2023. The program to date has consisted of six holes totaling 6,147 meters. Partial assays have been received for the first three holes: HHD-003, HHD-004, HHD-005, with assays pending for HHD-006, HHD-007 and HHD-008. HHD-001 and HHD-002 were drilled in early winter 2022 for a total of 1,582 meters.

Ivanhoe Electric has been drilling with two rigs at the project over the summer. The current drilling campaign is designed to search for additional silver, gold and copper-rich high sulfidation epithermal mineralization, which was the focus of these previous mining activities; and to search for potential porphyry copper mineralization located at depth, which may represent the heat and fluid source to this epithermal system.

Ivanhoe Electric’s diamond drill hole HHD-005 was collared near the Flathead Mine, and oriented to test the extent of known mineralization by drilling along the margin of the volcanic pipe to depth. Observations and assay results demonstrate that mineralization is widespread, extending from surface to over 900m depth.

Initial drilling returns encouraging early results with widespread precious and base metal mineralization

Mineralization intersected in HHD-005 is typified by disseminated pyrite typically carrying gold grades of 0.15 – 0.75 g/t, cut by a series of flat-lying 0.05 – 0.5-meter pyrite-sulfosalt veins that carry high-grade silver, copper and other base metal mineralization. This mineralization is interpreted to be outboard to one or more structural feeder zone(s) which may exist laterally to the west or east with potential to contain higher-grade mineralization.

Drilling has been underway with two drill rigs. The drill rigs are currently being exchanged for track mounted equipment more appropriate for winter conditions. Drilling will continue at the Hog Heaven Project with two drill rigs subject to winter conditions, which may necessitate a slowdown in operations. This change in equipment will allow for continued exploration for high-grade feeders, and testing porphyry target areas as further assay results and data continue to be received.

Figure 1. Hog Heaven Project map showing geophysical data and location of Ivanhoe Electric exploration drilling.

Figure 2. Cross section showing geology, drill hole locations and historical mine workings.

Drilling provides increasingly stronger evidence supporting the existence of a deeper porphyry copper system

Mineralization at the Hog Heaven Project area is comprised of gold-silver-copper-lead-zinc high sulfidation epithermal replacement, veins and breccia deposits.

One of Ivanhoe Electric’s goals, in addition to discovering additional base and precious-metal rich high sulfidation mineralization, is to search for the porphyry copper source believed to be the source of these systems and the deposits that were historically mined.

Diamond drillholes HHD-003, HHD-004, and HHD-005 all intersected increasing copper as a proportion of mineralization with increasing depth. Copper mineralization is dominantly comprised of enargite and chalcopyrite, which are approximately 48% and 35% copper by weight, respectively. HHD-004 notably intersected quartz-molybdenite veins at depth. Molybdenite is approximately 59% molybdenum by weight.

Furthermore, copper-molybdenum mineralization was observed as early stockwork veins present within clasts hosted in breccia, which were subsequently mineralized by later gold-silver-copper-lead-zinc rich fluids. These relationships point to multiple mineralizing events over extended periods of time, reflecting the potential for a robust mineralizing system at depth. Stockwork quartz, chalcopyrite, and molybdenite veins are common features of porphyry copper systems globally. These observed geological features support the potential for porphyry copper mineralization at depth at the Hog Heaven Project.

Photo of HHD-005 drill core at 903.5 m displaying a sub-vertical pyrite-enargite vein cutting diatreme breccia. The presence of gold- and copper-rich veins at depth in HHD-005 are indicative of a vertically extensive hydrothermal system and suggests proximity to a high-grade feeder zone.

Photos of a breccia fragment comprised of a porphyritic intrusion cut by porphyry stockwork quartz-pyrite veins observed in drill core from HHD-003 at 943.9 meters depth (left) and HHD-007 at 772 meters depth (right). Stockwork veins in fragments provide strong evidence of a potential deep porphyry system at Hog Heaven.

Typhoon™ deployed at the Hog Heaven Project to advance the search for deep porphyry sources

In late September 2023, Ivanhoe Electric deployed Typhoon™ at the Hog Heaven Project site to conduct surface electromagnetic surveys to better map the semi-massive and massive sulfide epithermal mineralization that contains the precious and base-metal mineralization down to over 700 meters below surface. Typhoon™ will continue surface electromagnetic survey loops, which will be followed by additional 3D induced polarization surveying and the downhole electromagnetics.

Typhoon™ is Ivanhoe Electric’s proprietary electrical geophysical surveying transmitter system. The Typhoon™ system can detect the presence of sulfide minerals containing copper, nickel, gold and silver (as well as water and oil) and was specifically developed to conduct large surveys and identify deep geophysical anomalies in environments that have highly resistive surface conditions, where potential deposits are hidden by gravel cover and where target depths exceed 1 kilometer (0.62 miles), considerably deeper than the range of conventional geophysical surveying systems.

Typhoon™ achieves its results through its unique specifications, which include an electrical output of up to 200 amps and 10,000 volts. The transmitter uses switches and capacitance systems in a proprietary platform that generates a very pure and stable transmitted signal, resulting in an extremely high signal-to-noise ratio. Typhoon™ is also capable of transmitting both induced polarization and electromagnetic signals, meaning that the same transmitter can be used to search for a wide variety of mineral deposit types.

Typhoon’s™ ability to identify mineralization at these depths has already been proven in the United States. In November 2022, Ivanhoe Electric announced that it had identified deep copper mineralization at the Far Southwest Anomaly (now known as the Southwest Exploration Area) at the Santa Cruz Project near Casa Grande, Arizona. The anomaly was identified by Typhoon™ and confirmed by exploration drilling with the exploration hole collared approximately 1,000 meters (0.62 miles) southwest of the nearest drill hole in the Santa Cruz resource area. At 1,059 meters deep (over 3,400 feet) of basin-fill gravel cover, Ivanhoe Electric’s drill crossed a fault and entered primary chalcopyrite and pyrite mineralization within intrusive rocks in the anomaly identified by Typhoon™.

Ivanhoe Electric’s proprietary electrical geophysical surveying system Typhoon™ in action at the Hog Heaven Project, Montana

Lucas Forster, Geologist (foreground) and Kurt Tagliareni, Geologist (background), logging drill core at the Hog Heaven Project, Montana

Table 1. Highlighted intercept from Hog Heaven exploration drill hole HHD-005 (refer to Ivanhoe Electric’s website for complete details of all reported drill holes https://ivanhoeelectric.com/electric-metals/hog-heaven)

_{*The following long term metal prices were used: 3.80$/lb Cu, 1,707$/oz Au, 22.42$/oz Ag, 0.93$/lb Pb, and 1.19$/lb Zn.}
_{*The specific formula used to report AuEq(g/t) is Au(g/t)*(0.65) + ((1.87875425724906) * Cu (%)) ((0.0121238339867514) * Ag(g/t)) + ((0.431062860010269) * Pb (%)) + ((0.551575057432494) * Zn (%))}
_{*Recoveries are informed by historical preliminary metallurgical flotation tests and are considered conservative: 80% Cu; 65% Au; 60% Ag; 75% Pb, 75% Zn.}
_{*Intervals were derived on a AuEq basis with a cutoff of 0.25g/t AuEq}
_{*Maximum internal dilution of 5m was applied}
_{*These are not true widths, and the system is interpreted to be plunging sub-parallel to the trace of the drill hole HHD-005.}

Ivanhoe Electric is earning into a 75% interest in the Hog Heaven Project

Ivanhoe Electric and Brixton Metals Corporation (“Brixton”) entered into an earn-in agreement in 2021 covering an area of approximately 24 km² of the Hog Heaven Project. Under the earn-in agreement, Ivanhoe Electric may earn up to a 75% interest in the Brixton land constituting the Hog Heaven Project by making cash payments totaling $4.5 million and incurring an aggregate of $40 million in exploration expenditures by 2032. Ivanhoe Electric will earn an initial a 51% interest by making a total of $4.5 million in cash payments and incurring $15 million in exploration expenditures.

Qualified Persons

Disclosures of a scientific or technical nature included in this news release, including the sampling, analytical and technical data underlying the information, have been reviewed, verified and approved by Shawn Vandekerkhove, P.Geo, who is a Qualified Person as defined by Regulation S-K, Subpart 1300 promulgated by the U.S. Securities and Exchange Commission and by Canadian National Instrument 43-101. Mr. Vandekerkhove is an employee of Ivanhoe Electric.

Other Technical Information

Ivanhoe Electric employs industry standard QA/QC and data verification protocols. The diamond drill holes were completed using PQ and HQ diameters. The drill core was cut lengthwise into halves using a diamond-bladed saw, with one-half used for the assay sample and the other half retained in core boxes and archived at site. Pulps and rejects are also stored on site for archival purposes. Mineralized zones were generally sampled on 2m intervals. Each core sample was placed into a bag with a unique numbered sample identification tag. Quality control samples were inserted between core samples using the same numbering sequence. Then samples were grouped into batches for shipping and laboratory submissions. Chain of custody records are maintained for sample shipments and the custody is transferred from Ivanhoe Electric expeditor to the laboratory upon delivery.

Samples were shipped to ALS Laboratories in Twin Falls, Idaho, for sample preparation and analysis. Samples were analyzed using customary four acid digestion and ICP-MS finish. A standard gold fire assay package was used to analyze for gold. Silver content was assessed using either HCl leach and ICP-AES finish or fire assay with gravimetric finish was performed depending on silver values.

A limited amount of core was shipped, logged, cut, and sampled at Ivanhoe Electric’s Santa Cruz Project in Casa Grande, Arizona. Sampling methods were identical at both the Hog Heaven and Santa Cruz locations. Samples were then shipped to ALS Laboratories in Tucson, Arizona, where they were subjected to the same preparation and analytical methods. ALS Minerals Tucson and ALS Minerals Twin Falls are both independent laboratories certified under ISO 9001:2008 and accredited under ISO/IEC 17025:2005 by the Standards Council of Canada.

About Ivanhoe Electric

We are a U.S. company that combines advanced mineral exploration technologies with electric metals exploration projects predominantly located in the United States. We use our accurate and powerful Typhoon™ geophysical surveying system, together with advanced data analytics provided by our subsidiary, Computational Geosciences Inc., to accelerate and de-risk the mineral exploration process as we seek to discover new deposits of critical metals that may otherwise be undetectable by traditional exploration technologies. We believe the United States is significantly underexplored and has the potential to yield major new discoveries of critical metals. Our mineral exploration efforts focus on copper as well as other metals including nickel, vanadium, cobalt, platinum group elements, gold and silver. Through the advancement of our portfolio of electric metals exploration projects, headlined by the Santa Cruz Copper Project in Arizona and the Tintic Copper-Gold Project in Utah, as well as other exploration projects in the United States, we intend to support United States supply chain independence by finding and delivering the critical metals necessary for the electrification of the economy. We also operate a 50/50 joint venture with Saudi Arabian Mining Company Ma’aden to explore for minerals on ~48,500 km² of underexplored Arabian Shield in the Kingdom of Saudi Arabia. Website: www.ivanhoeelectric.com.

Contact Information

Investors: Valerie Kimball, Director, Investor Relations 720-933-1150

Follow us on Twitter

Ivanhoe Electric’s Executive Chairman Robert Friedland: @robert_ivanhoe

Ivanhoe Electric: @ivanhoeelectric

Ivanhoe Electric’s investor relations website located at www.ivanhoeelectric.com should be considered Ivanhoe Electric’s recognized distribution channel for purposes of the Securities and Exchange Commission’s Regulation FD.

Forward-Looking Statements

Certain statements in this news release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable US and Canadian securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Ivanhoe Electric, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. These statements reflect the Ivanhoe Electric’s current expectations regarding future events, performance and results and speak only as of the date of this news release.

Such statements in this news release include, without limitation, timing and results of drilling operations, the timing of receipt of assay results, the potential for porphyry copper mineralization and source at depth at the Hog Heaven Project, the potential to find higher-grade mineralization, the number of drill rigs operating at the project, and other planned or potential developments in the businesses of Ivanhoe Electric.

Forward-looking statements are based on management’s beliefs and assumptions and on information currently available to management. Such statements are subject to significant risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors, including changes in the prices of copper or other metals Ivanhoe Electric is exploring for; the results of exploration and drilling activities and/or the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations; the final assessment of exploration results and information that is preliminary; the significant risk and hazards associated with any future mining operations, extensive regulation by the US government as well as local governments; changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with Ivanhoe Electric to perform as agreed; and the impact of political, economic and other uncertainties associated with operating in foreign countries, and the impact of the COVID-19 pandemic and the global economy. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements and risk factors described in Ivanhoe Electric’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission.

No assurance can be given that such future results will be achieved. Forward-looking statements speak only as of the date of this news release. Ivanhoe Electric cautions you not to place undue reliance on these forward-looking statements. Subject to applicable securities laws, Ivanhoe Electric does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release, and Ivanhoe Electric expressly disclaims any requirement to do so.

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October 9, 2023
Sienna Resources Receives BLM Approval for Drill Permit for up to 5 Initial Locations on the “Elko Lithium Project” in Elko County, Nevada Bordering Surge Battery Metals

2023-10-06 00:06:51

Vancouver, British Columbia–(Newsfile Corp. – October 6, 2023) – Sienna Resources Inc. (TSXV: SIE) (OTC Pink: SNNAF) (FSE: A1XCQ0) (“Sienna” or the “Company”) is pleased to announce that it has received approval from the BLM to drill up to 5 initial locations on its recently acquired “Elko Lithium Project” in Elko County, Nevada. This project consists of approximately 1200 contiguous acres directly bordering Surge Battery Metals’ (NILI) “Nevada North Lithium Project” in Elko County, Nevada. According to the news dated September 12, 2023 from Surge, “The first certified analytical results for the 2023 summer drilling program at Surge Battery Metals Inc.’s Nevada North lithium project (NNLP) have returned multiple zones of high values ranging from 1,000 parts per million to 8,070 ppm lithium, the highest grades for exploration to date on the Nevada North Lithium Project.’ Sienna management cautions that past results or discoveries on properties in proximity to Sienna may not necessarily be indicative of the presence of mineralization on the company’s properties.

Jason Gigliotti, President of Sienna, states, “We are very pleased to have received this permit to drill. We want to thank the Elko BLM office for their help on this approval to drill on Sienna’s initial 5 hole drill plan. We are excited about this area especially in light of the fantastic lithium results being drilled by our neighbour, Surge Battery Metals whose shares have risen from a low of $0.065 to a recent high of $1.55 based on their drill results right beside Sienna’s property. This area is shaping up to be one of the most exciting lithium addresses in North America and we are very pleased to be right in the heart of it. We plan to commence drilling as soon as possible. Not only do we have this new lithium project, but Sienna is one of the largest landholders in Clayton Valley, Nevada through its other property interests. Sienna has more than enough cash on hand for the anticipated current exploration plans and we expect to be very active on multiple fronts for the remainder of 2023. Management is extremely optimistic about the future and looks forward to what will happen with boots on the ground on these projects.”

Elko County Map

Recently, the Bureau of Land Management (BLM) has given Sienna approval for up to 4 additional holes to be completed on the 100% owned Blue Clay Lithium Project in Clayton Valley, Nevada (See map). On March 25, 2022, Sienna revealed a new lithium discovery on the Blue Clay Lithium Project. Lithium values as high as 1230 ppm Li were encountered. The Blue Clay Lithium Project consists of 150 contiguous claims totaling approximately 2,950 acres prospective for lithium right in the heart of the Clayton Valley in Nevada, which is currently home to the only producing lithium region in North America.

About Sienna Resources Inc.

Sienna has recently acquired the “Elko Lithium Project” in Elko County, Nevada. This project consists of approximately 1200 contiguous acres directly bordering Surge Battery Metals’ (NILI) “Nevada North Lithium Project” in Elko County, Nevada. Sienna is also one of the larger landholders in Clayton Valley Nevada. Sienna’s Clayton Valley projects include the Blue Clay Lithium Project, the Silver Peak South Project, and the Clayton Valley Deep Basin Lithium Project. Clayton Valley is home to the only lithium production in North America, being Albemarle Corp’s (NYSE: ALB) Silver Peak deposit. This project is also near Tesla Motors Inc.’s Gigafactory in Nevada. On March 18, 2021, Schlumberger New Energy Venture announced the development of a lithium extraction pilot plant through its new venture, NeoLith Energy in a strategic partnership with Pure Energy. The deployment of the pilot plant will be in Clayton Valley, Nevada, USA. The NeoLith Energy sustainable approach uses a differentiated direct lithium extraction (DLE) process to enable the production of high-purity, battery-grade lithium material while reducing the production time from over a year to weeks. Results from this pilot plant are expected in 2023 and could have a significant impact on the brine prospects within Clayton Valley Nevada as Sienna is located in the deepest section of this brine deposit. One other project Sienna has is the ‘Marathon North Platinum-Palladium Property’ in Northern Ontario directly bordering Generation Mining Marathon Deposit.

Qualified Person:

Mr. Frank Bain, PGeo, a qualified person as defined by National Instrument 43-101 has reviewed and approved the scientific and technical disclosure contained within this news release.

If you would like to be added to Sienna’s email list, please email This email address is being protected from spambots. You need JavaScript enabled to view it. for information or join our twitter account at @SiennaResources.

Contact Information
Tel: 1.604.646.6900
Fax: 1.604.689.1733
www.siennaresources.com
This email address is being protected from spambots. You need JavaScript enabled to view it.

“Jason Gigliotti”
President, Director
Sienna Resources Inc.

Statements in this news release that are not historical facts are forward-looking statements. Forward-looking statements are statements that are not historical, and consist primarily of projections – statements regarding future plans, expectations and developments. Words such as “expects”, “intends”, “plans”, “may”, “could”, “potential”, “should”, “anticipates”, “likely”, “believes” and words of similar import tend to identify forward-looking statements. Forward-looking statements in this news release include uncertainty of exploration and development plans regarding the property; commodity price fluctuations; political or economic instability and regulatory changes; currency fluctuations, the state of the capital markets; uncertainty in the measurement of mineral reserves and resource estimates; the Company’s ability to attract and retain qualified personnel and management; potential labour unrest; reclamation and closure requirements for mineral properties and the availability of capital to fund the Company’s projects, as well as other risks and uncertainties identified under the heading “Risk Factors” in the Company’s continuous disclosure documents filed on SEDAR. You are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. The Company cannot assure you that actual events, performance or results will be consistent with these forward-looking statements, and management’s assumptions may prove to be incorrect. These forward-looking statements reflect current expectations regarding future events and operating performance and speak only as of the date hereof and the Company does not assume any obligation to update forward-looking statements if circumstances or management’s beliefs, expectations or opinions should change other than as required by applicable law. For the reasons set forth above, you should not place undue reliance on forward-looking statements.

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 press release.

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October 6, 2023
Onyx Gold Completes Yukon Drill Program and Launches Ontario Fall Exploration Activities

2023-10-05 04:02:17

Final Share Payment from Snowline Gold under Prior Property Option Agreement Received

Vancouver, British Columbia–(Newsfile Corp. – October 5, 2023) – Onyx Gold Corp. (TSXV: ONYX) (OTCQX: ONXGF) (“Onyx” or the “Company“) is pleased to announce the completion of its summer exploration program at the King Tut Property (“King Tut“) located in Yukon, Canada (Figure 1). Field crews have demobilized from King Tut and, after taking a short break, have headed to Onyx’s Timmins, Ontario, area gold projects for the start of the Company’s fall exploration program.

“I am pleased to announce that we have successfully completed the first-ever drill program on our King Tut Property situated in one of the most exciting emerging gold districts in Canada,” said Brock Colterjohn, President & CEO. “We are excited to now shift our focus to Ontario, where we intend to undertake a fall exploration program, including a 4,000 meter diamond drill program at our Munro-Croesus property, which is expected to commence in the upcoming weeks. We look forward to initial Yukon results, expected towards the end of October, with continued results from Yukon and Ontario released over the year.”

Summary of Q3-2023 Yukon Program

The fully-funded Yukon exploration program focused on Phase 1 drill testing of the promising Main Tut and Golden Mask gold-in-soil anomalies, which are associated with two separate intrusion-related gold systems, as well as the execution of property-wide geophysical surveys, geochemical surveys, and mapping and prospecting programs to refine drill targets and identify prospective area for future exploration.

The Program results included 2,123 meters of diamond drilling in two completed holes at the Main Tut target and seven completed holes and one lost hole on the Golden Mask target. All assay results are currently pending from the drilling portion of the program. The Company expects Yukon results to be available for release towards the end of October and throughout the end of the year.

In addition to drilling, the program included 1,353 soil samples, 1,766 line-km of property-wide drone-based magnetic geophysical surveying, property-wide high-resolution LiDAR topographic surveying, and geological mapping, prospecting, and geochemical sampling. Data from the various surveys is currently being assessed by internal and external personnel and will be released in a timely manner once results are determined.

Proposed Q4-2023 Ontario Program

The Company 100% owns a 335 km² portfolio of projects within Canada’s premier gold camp, Timmins, Ontario. The Company has now shifted its exploration focus to its Timmins portfolio, with soil sampling and drone imagery currently underway at its flagship Munro-Croesus Gold Project. The Munro-Croesus Gold Project is approximately 75 kilometers (47 miles) east of Timmins, proximal to the Porcupine-Destor and Pipestone Faults and several multi-million-ounce gold deposits. The Munro-Croesus property is also host to one of Ontario’s highest-grade past-producing gold mines, which operated between 1915 and 1936.

In 2022, a new, near-surface bulk-tonnage-style zone of gold mineralization was discovered at the Argus Zone on the Munro Croesus property, approximately four kilometers along trend and northwest of Mayfair Gold’s multi-million-ounce Fenn Gib gold deposit. The fall program also plans for approximately 4,000 meters of diamond drilling, focusing on follow-up holes on the Argus Zone as well as new targets proximal to the historic high-grade Croesus Gold Mine. Soil sampling and airborne drone-magnetic geophysical surveys are also planned for the Timmins South Project.

Property Option Agreement with Snowline Gold Corp.

The Company is pleased to announce that it has received the final option payment of 150,000 shares from Snowline Gold Corp. relating to a previous property option agreement entered into in 2021 between Snowline and Epica Gold Inc., a wholly owned subsidiary of Onyx Gold Corp. Under the option Snowline acquired a 100% interest in 812 mining claims in five blocks collectively covering approximately 16,500 hectares in the Eastern Tombstone Gold Belt, Yukon Territory. Onyx Gold retains a 1% NSR royalty on the claims.

Figure 1 – Tombstone Belt Gold Belt

Figure 2 – Onyx Gold’s Land Position In Timmins, Ontario

About Onyx Gold

Onyx Gold is an exploration company focused on well-established Canadian mining jurisdictions, with assets in Timmins, Ontario, and Yukon Territory. The Company’s extensive portfolio of quality gold projects in the greater Timmins gold camp includes the Munro-Croesus Gold property, renowned for its high-grade mineralization, plus two additional earlier-stage large exploration properties, Golden Mile and Timmins South. Onyx Gold also controls four properties in the Selwyn Basin area of Yukon Territory, which is currently gaining significance due to recent discoveries in the area. Onyx Gold’s experienced board and senior management team are committed to creating shareholder value through the discovery process, careful allocation of capital, and environmentally/socially responsible mineral exploration.

On Behalf of Onyx Gold Corp.

“Brock Colterjohn“

President & CEO

For further information, please visit the Onyx Gold Corp. website at www.onyxgold.com or contact:

Brock Colterjohn, President & CEO
or
Nicole Hoeller, VP of Corporate Communications

Phone: 1-604-629-1165 or North American toll-free 1-855-629-1165
Email: This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it..
Website: www.onyxgold.com
Twitter : @OnyxGoldCorp

Neither 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: This news release includes certain “forward-looking information” within the meaning of Canadian securities legislation and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively “forward-looking statements”).

Forward-Looking statements include predictions, projections, and forecasts and are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “forecast”, “expect”, “potential”, “project”, “target”, “schedule”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Company’s planned exploration programs and drill programs and potential significance of results are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-Looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company’s expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital, and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials, and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events, or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate, and accordingly readers are cautioned not to place undue reliance on forward-looking statements.

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October 5, 2023
Adamera Minerals to Drill Target on Buckhorn 2.0 Gold Property

2023-10-04 07:44:16

Mr. Mark Kolebaba reports:

Vancouver, B.C. – TheNewswire – October 4, 2023 – Adamera Minerals Corp. (TSXV:ADZ) (OTC:DDNFF) has scheduled drilling on a multi-characteristic gold target on its Buckhorn 2.0 property in Washington State. The target could represent a deposit similar in character to the Buckhorn Mine located 1.5 kilometres to the northeast. The Buckhorn Mine reportedly produced 1.3 million ounces of gold at a grade of about 13 g/t.

In August, 2023, Adamera conducted an Audio-Frequency Magnetotelluric (AMT*) survey over part of the Buckhorn 2.0 property to confirm the presence and geometry of a deep VTEM conductor called VTEM-30. The AMT data identified a large flat lying zone with low resistivity that is coincident with VTEM-30. The target is modelled as a large flat lying feature measuring approximately 1000 metres long, 400 metres wide and 100 metres thick. The top of the target is estimated to be at 200 to 300 metres depth.

Plan view of VTEM data showing VTEM-30 target which is considered a deeper target than the shallow Buckhorn mine conductor 1.5 km to the east. The intensity of the anomaly at Buckhorn is thought to be a reflection of its shallower depth. Furthermore, the Buckhorn signature is broadened by cultural effects related to the mine site and subeconomic sulphides. The figure below shows AMT section A-A’

AMT section A-A’ showing flat topped Restivity low at 200 to 300 metres depth.

Mark Kolebaba, President and CEO commented, ”The AMT survey identifies for the first time a deep flat lying conductor coincident with VTEM-30 that was identified by another survey technique. I am encouraged by the size of this target and its proximity to the nearby Buckhorn gold deposit that was mined by Kinross Gold up until 2017. It is fair to describe this target as a ‘high risk – high reward’ opportunity. That said, this is the exploration business and an opportunity for investors. We will provide further details on drilling and target modelling in the coming days.”

AMT* uses naturally occurring ionospheric currents and lightning storms as a source for measuring magnetotelluric signals on the earth’s surface. This data is used to map geologic structures to great depths by combining measurements of the earth’s electric and magnetic fields over a wide band of frequencies. In mineral exploration AMT has been succesful in identifying copper and gold deposits. The survey at Buckhorn was conducted using sensors at 250 metre stations.

Martin St. Pierre (P.Geol) has reviewed geophysical data on the Buckhorn property property.

About Adamera

Adamera Minerals Corp. is exploring for high-grade gold deposits near Republic Washington. This area has reportedly produced 8 million ounces of gold. Adamera is the dominant regional explorer in the area.

On behalf of the Board of Directors,

Mark Kolebaba
President & CEO

For additional information please contact:
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.Adamera.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

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October 4, 2023
LAURION Mineral Exploration Announces Commencement of 2023 Drill Program at Ishkoday Project

2023-10-04 04:04:07

TORONTO, Oct. 4, 2023 /CNW/ – LAURION Mineral Exploration Inc. (TSX.V: LME) and (OTCPINK: LMEFF) (“LAURION” or the “Corporation”) is pleased to announce the commencement of the 2023 diamond drill program (the “Drill Program“) at its 100% owned Ishkoday Project, located 220km northeast of Thunder Bay and 28km northeast of the Township of Beardmore.

LAURION has retained Forage GeoNord from Dolbeau-Mistassini, Québec, under the supervision of Ronacher McKenzie Geoscience of Sudbury, Ontario.

The drilling campaign will commence on October 16^th, 2023, and will comprise of approximately 3,675 metres of NQ drilling. The drill program is focused on targeting the northeast extension of the Sturgeon River Mine structure, with the objective of targeting the Number 1, 2, 3 quartz veins and other quartz veins and shear structures encountered in the historic mining of the Sturgeon River Mine.

The Sturgeon River property hosts the former producing Sturgeon River Mine, known previously as the Coniagas Mine, which produced 73,439 ounces of gold, and 15,922 ounces of silver between 1936 and 1942. (Seeber,1983). The shaft was sunk to a depth of 2,108 ft with development on 14 levels, the lowest producing level being at 1,750 ft, with the main economic mineralization confined to the No. 3, M and 10 and 11 quartz veins. Underground development included 20,239 ft of drifting and 3,149 ft of crosscutting. The main economic mineralization was confined to the No. 3, M and 10 and 11 quartz veins. Wartime restrictions in 1942 forced the mine’s closure in 1942 (Seeber,1983).

Qualified Person

The technical contents of this release were reviewed and approved by Jean-Philippe Paiement, PGeo, MSc, a consultant to LAURION, and a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About LAURION Mineral Exploration Inc.

The Corporation is a junior mineral exploration and development company listed on the TSX Venture Exchange under the symbol LME and on the OTC under the symbol LMEFF. LAURION now has 257,948,737 outstanding shares of which approximately 80% are owned and controlled by Insiders who are eligible investors under the “Friends and Family” categories.

LAURION’s emphasis is on the exploration and development of its flagship project, the 100% owned mid-stage 47 km² Ishkoday Project, and its gold-rich polymetallic mineralization.

LAURION’s chief priority remains maximizing shareholder value while simultaneously embracing and considering the principles and best practices of environmental, social, and corporate governance (ESG) issues. A large portion of the Corporation’s focus in this regard falls within the ambit of its mineral exploration activities and more specifically, advancing the Ishkoday Project.

Website: http://www.LAURION .ca

Follow us on Twitter: @LAURION_LME

Caution Regarding Forward-Looking Information

This press release contains forward-looking statements, which reflect the Corporation’s current expectations regarding future events including with respect to the anticipated timing and results of the Drill Program, LAURION’s expectations regarding the Drill Program, LAURION’s business, operations and condition, and management’s objectives, strategies, beliefs and intentions. The forward-looking statements involve risks and uncertainties. Actual events and future results, performance or achievements expressed or implied by such forward-looking statements could differ materially from those projected herein including as a result of a change in the trading price of the common shares of LAURION, the interpretation and actual results of current and future exploration activities, changes in project parameters as plans continue to be refined, future prices of gold and/or other metals, possible variations in grade or recovery rates, failure of equipment or processes to operate as anticipated, the failure of contracted parties to perform, labor disputes and other risks of the mining industry, delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the Corporation’s publicly filed documents. Investors should consult the Corporation’s ongoing quarterly and annual filings, as well as any other additional documentation comprising the Corporation’s public disclosure record, for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. Subject to applicable law, the Corporation disclaims any obligation to update these forward-looking statements.

Neither 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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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October 4, 2023
Opawica Exploration Engages ALS Goldspot Discoveries to Develop High Priority Drill Targets on the Arrowhead Project

2023-10-03 05:37:48

Vancouver, B.C. – TheNewswire – October 3rd, 2023 – Opawica Explorations Inc. (TSXV:OPW) (FSE:A2PEAD) (OTC:OPWEF) (the “Company” or “Opawica”) is pleased to announce that it has engaged ALS GoldSpot Discoveries Ltd. (“ALS GoldSpot”) to develop drill targets on the Arrowhead Property in the Quebec Abitibi greenstone belt. GoldSpot will utilize the recent exploration programs undertaken by Opawica along with a large, collaborative team of geoscientists and data scientists focused on maximizing the chances of discovery using ALS Goldspot’s proprietary technology and geoscience expertise.

Blake Morgan, Chief Executive Officer of Opawica stated, “Throughout our recent work on the Arrowhead Property we have gained a wealth of knowledge, with millions of dollars invested and 80% of our first phase drill program containing gold from low to high grade. Thanks to Opawica’s advanced geological work, including geophysical airborne VTEM magnetics, down hole magnetics and Seismic Survey, we have gained an extraordinary amount of knowledge to advance the Arrowhead property”.

Opawica intends to leverage off all the exploration tools it has unutilized to date, in hopes of tapping into a world class deposit. Arrowhead Property lies in the heart of the Abitibi Greenstone belt. Abitibi Region in Quebec is one of most prolific mining jurisdictions in the world. Surrounded by active mines and majors. The Arrowhead Property is in the right region producing the right results.

The team is thrilled to be moving ahead in conjunction with ALS GoldSpot to develop new high priority drill targets on the Arrowhead Property for the phase two drill program.

Mr. Yvan Bussieres, P.Eng., is the qualified person for Opawica and approves the technical content of this news release.

About Opawica Explorations Inc.

Opawica Explorations is a junior Canadian exploration company with a strong portfolio of precious and base metal properties within the Rouyn-Noranda region of the Abitibi gold belt in Quebec and in central Newfoundland and Labrador. The company’s management has a great record in discovering and developing successful exploration projects. The company’s objective is to increase shareholder value through the development of exploration properties using cost-effective exploration practices, acquiring further exploration properties and seeking partnerships by either joint venture or sale with industry leaders.

About ALS GoldSpot Discoveries Ltd.

ALS GoldSpot is the data analytics and consulting arm of ALS Global which leverages Data Analytics, Machine Learning, and numerical modelling to assist mining and exploration clients. ALS GoldSpot offers unique processes to focus exploration efforts, minimize client risk related to exploration targeting, and optimize aspects of conventional resource exploration workflows. For more information visit https://www.alsglobal.com/en/consulting-and-analytics.

Blake Morgan

President and Chief Executive Officer

Opawica Explorations Inc.

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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

Forward-Looking Statements

This news release contains certain forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of the Company’s exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.

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October 3, 2023

Defiance Discovers High-Grade Zones in Historically Unsampled Drill Core

2023-10-01 23:15:03

Vancouver, British Columbia–(Newsfile Corp. – October 2, 2023) – Defiance Silver Corp. (TSXV: DEF) (OTCQX: DNCVF) (FSE: D4E) (WKN: A1JQW5) (“Defiance” or the “Company“) is pleased to share that new sampling of historic drill core has revealed previously unrecognized zones with high grade and wide widths within the San Acacio project area. Defiance geologists successfully used advances in our deposit and district knowledge to identify and target favourable structural positions and mineralization styles that were overlooked in historic sampling campaigns. Significant results are reported in holes SAD-15-05, SAD-15-06, SAD-15-07, SAD-15-08, SAD-17-14, SAD-17-15, and SAD-17-16; these holes were drilled during the 2015 and 2017 drilling campaigns. Notable silver mineralization over wide widths was encountered.

The company is encouraged by the success of this campaign, as it supports a growing resource on the Veta Grande vein system as well as validates the geological modeling and understanding of the mineral system potential. The company will continue to evaluate additional drill holes from the extensive district-wide drill core library.

Chris Wright, Chairman & CEO, commented: “Multiple years of technical analysis have outlined and confirmed that resource building targets exist in the hanging-wall and footwall of the main Veta Grande structure. Our team has diligently built a comprehensive geologic model that has led to the intersection of wide intervals and high-grade mineralization.”

Highlights:

SAD-17-14 – discovered wide widths of appreciable grades including 6.83m of 157 g/t AgEq (from 283.21 – 290.04m) including 2.30 m of 376 g/t AgEq (from 284.65 – 286.95m) with a high-grade sub interval of 1180.00 g/t Ag and 2.23 g/t Au or 1369 g/t AgEq (from 284.65 – 285.00m).

SAD-17-15 – returned a significant interval of silver mineralization of 36.70m of 154.80 g/t Ag or 162 g/t AgEq (from 191.30 – 228.00m) when composited with the previously released results (See October 25^th, 2017 News Release). Other notable results in this wide interval include 6.81m of 296 g/t AgEq (from 203.01 – 209.82m), including a high-grade sub-interval of 629 g/t AgEq over 2.82m (from 207.00 – 209.82m). A further wide sub-interval of 15.00m of 137.91 g/t Ag or 145 g/t AgEq was encountered from 213.00 – 228.00m.

SAD-17-16 – encountered 2.31m of 202 g/t AgEq (from 219.40 – 221.71m) in the Veta Navidad zone.

SAD-15-06 – returned 2.50m of 127 g/t AgEq (from 155.00 – 157.50m) in a hanging-wall (HW) veinlet-array splay zone.

SAD-15-07 – intersected 1.12m of 267 g/t AgEq (from 156.35 – 157.47m), as well as a 3.77m interval of 123 g/t AgEq from 166.07 – 169.84m. The deeper intercept is located on the same structure as the reported intercept in SAD-15-06.

SAD-15-08 – a 1.63m interval returned 165 g/t AgEq (from 97.65 – 99.28m) and a 1.54m interval of 212 g/t AgEq (from 131.15 – 132.69m) in the Veta Navidad zone.

Table 1: Select table of results

Hole ID From (m) To (m) Interval (m) Ag g/t Au g/t Pb % Zn % AgEq g/t QAQC

SAD-15-05 98.00 99.00 1.00 98.30 0.10 0.01 0.03 107 a

SAD-15-05 105.15 109.80 4.65 91.40 0.15 0.08 0.28 114 a

Including 105.15 106.00 0.85 307.52 0.06 0.05 0.16 319 a

SAD-15-05 127.76 130.48 2.72 153.46 0.02 0.05 0.13 161 a

SAD-15-06 155.00 157.50 2.50 117.88 0.08 0.03 0.04 127 a

SAD-15-07 156.35 157.47 1.12 235.00 0.30 0.07 0.16 267 a

SAD-15-07 166.07 169.84 3.77 88.94 0.16 0.13 0.51 123 a

Including 169.00 169.84 0.84 283.08 0.26 0.12 0.52 324 a

SAD-15-08 97.65 99.28 1.63 157.74 0.06 0.02 0.07 165 a

SAD-15-08 131.15 132.69 1.54 200.74 0.10 0.02 0.09 212 a

SAD-17-14 283.21 290.04 6.83 128.60 0.25 0.06 0.18 157 a

Including 284.65 286.95 2.30 318.78 0.59 0.08 0.22 376 a

Including 284.65 285.00 0.35 1180.00 2.23 0.07 0.18 1369 a

SAD-17-15 191.30 228.00 36.70 154.80 0.02 0.06 0.14 162 a,b

Including 195.00 211.85 16.85 200.07 0.02 0.07 0.19 210 a,b

Including 203.01 209.82 6.81 279.32 0.03 0.12 0.32 296 a

Including 207.00 209.82 2.82 594.60 0.07 0.27 0.65 629 a

Including 208.44 209.82 1.38 854.00 0.06 0.28 0.27 876 a

Including* 209.82 213.00 3.18 285.04 0.02 0.05 0.17 294 b

Including 213.00 228.00 15.00 137.91 0.02 0.07 0.11 145 a, b

Including 221.41 228.00 6.59 228.10 0.03 0.14 0.19 241 b

Including 225.00 228.00 3.00 435.00 0.06 0.28 0.37 460 b

SAD-17-16 219.40 221.71 2.31 191.98 0.10 0.02 0.05 202 a

Including 219.40 219.75 0.35 810.00 0.44 0.07 0.10 851 a

Table 1 – Silver equivalent is calculated using the following formula: Silver-Equivalent AgEq g/t= (Au_ppm x 61.71492) + (Ag_ppm x 0.761168) + (Pb_% x 22.44413) + (Zn_% x 24.40404)/(0.761168). Metal price assumptions are Au: $1919.55, Ag: $23.67, Pb: $1.02 Zn: $1.10. A 30-day price average is used to determine USD metal prices, and 100% recovery has been assumed for all metals. At this stage of the project, reliable metallurgy has yet to be completed, and the reader is cautioned that 100% recoveries are never achieved. True thickness is assumed to be 50% — 80% of downhole width. *previously reported intercept (See October 25th, 2017 News Release)

Quality Assurance and Quality Control (QAQC):

a- 2023 sampling QAQC procedures discussed at the end of this news release.
b- 2015 and 2017 sampling QAQC procedures discussed at the end of this news release.

Figure 1: Overview Map of San Acacio Drill Holes Reported in this Release

Figure 1. Plan map of drilling at the San Acacio project. Drill holes reported in this release, which are historic holes with new assay results from unsampled intervals, are shown in yellow. Drill holes with pending (to be reported) results from recent drilling are shown in green. Coordinates are in UTM WGS84 Zone 13N.

Figure 2: Cross Section of Hole SAD-17-15

Figure 2. Cross-section of hole SAD-17-15, looking northwest. Results from the new assays of historic Defiance Silver drill core are highlighted in the red boxes.

Figure 3: Cross Section of Holes SAD-15-05 and SAD-15-06

Figure 3. Cross-section of holes SAD-15-05 and SAD-15-06, looking northwest. Results from the new assays of historic Defiance Silver drill core are highlighted in the red boxes. Recent Defiance drill holes are show on section, as well as a new hole, DDSA-23-69, with pending results.

Discussion of Results:

Re-logging and sampling of historic drill holes was designed to identify and subsequently sample mineralization that was not analyzed during previous drill campaigns. The updated geologic models and new assays confirm and expand upon the mineralized vein splays and veinlet zones that were identified during recent drilling campaigns. These zones of high-grade silver veinlets and stockwork zones are significant ongoing exploration targets and are actively being incorporated into the deposit model. Reported intervals were dominantly found in the hanging-wall (HW) of the main Veta Grande structure. The technical team believes that understanding the splays and veinlet zones as well as the structural controls on grade distribution are key to expanding the San Acacio resource.

The following drill holes are discussed in spatial order, beginning in the northwest (NW) and moving towards the southeast (SE). SAD-17-16, SAD-15-07, SAD-15-08, SAD-15-05, SAD-15-06 are part of the NW zone where significant HW grade is found in unassuming veinlet array zones. Holes SAD-17-14 and SAD-17-15, in the central to SE portion of the San Acacio resource area, begin to delineate vein splays, including the historically identified Veta Intermedio; grade is dominantly located in more formal HW structures and associated veinlet swarms. These learnings are being incorporated into the current grade and geologic model to guide future drilling at the project.

SAD-17-16 encountered 2.31m of 191.98 g/t Ag or 202 g/t AgEq (from 219.40 – 221.71m) in the Veta Navidad zone. The Veta Navidad zone is in the NW extent of the San Acacio resource area, and this style of mineralization has been encountered in nearby holes. Structural review and modelling are currently underway to define this zone, and future oriented core drilling is planned for this area.

SAD-15-07 and SAD-15-08 were drilled from the same pad. SAD-15-08 intersected the Veta Navidad zone high in the hole. During re-logging, additional mineralized veinlet zones in the HW and FW were noted and sampled. These intercepts returned 1.63m of 165 g/t AgEq from 97.65m, and 1.54m of 212 g/t AgEq from 131.15m. The central portion of the Veta Navidad zone in SAD-15-08 was previously reported (See October 25^th, 2017 News Release). The new reported intervals in SAD-15-07 are from the recently identified mineralized HW veinlet splay zones. The shallower splay zone returned 1.12m of 267 g/t AgEq from 156.35m, while the lower zone returned 3.77m of 123 g/t AgEq from 166.07m. The new sampling expands the footprint of the mineralized zone in this location, and structural modelling is underway to incorporate this data into the resource model and design future drill targets.

SAD-15-05 and SAD-15-06, shown in the Figure 3 cross-section within this news release, were drilled from the same pad. Both holes intersected multiple HW veinlet-array splay zones, which continue to build the continuity of mineralized zones in the Veta Grande hanging wall. In this portion of the Veta Grande, three mineralized HW splays are known. SAD-15-06 previously reported intercepts on the main Veta Grande and the first splay above the Veta Grande (See October 25^th, 2017 News Release). Recent sampling of additional splay zones has yielded further intercepts of interest, and oriented structural data collection and detailed geologic cross-sections continue to guide interpretation and modelling of these mineralized zones.

SAD-15-06 encountered 2.50m at 127 g/t AgEq from 155.00m, and SAD-15-05 returned 2.72m at 161 g/t AgEq from 127.76m; these two intercepts demonstrate down-dip continuity along the same HW splay (Fig 3). SAD-15-05 intersected two reportable intercepts on the third interpreted splay above the Veta Grande, including 4.65m of 114g AgEq from 105.15m.

SAD-17-14 encountered a high-grade zone in a hanging-wall vein splay above the historically identified Veta Intermedio, 6.83m of 157 g/t AgEq from 283.21m, which includes 0.35m of 1369 g/t AgEq from 284.65m. This intercept further demonstrates the high-grade potential of the HW vein splays in the central zone of the San Acacio resource area.

SAD-17-15 encountered wide widths of significant mineralization from the Veta Grande HW through to the Veta Intermedio HW zone (Figure 2). This hole intersected a well-mineralized shoot with historic workings, and the majority of the mineralized shoot remains in the ground. Re-logging and sampling suggest that high-grade silver is hosted in veinlet swarms and vein splays that were previously unrecognized. These observations and results will be incorporated into the geologic model and used for future drill targeting.

Wide widths of significant silver mineralization are outlined in SAD-17-15. This hole encountered 36.70m of 162 g/t AgEq from 191.30m, including 6.81m at 296 g/t AgEq from 203.01m. The mineralogy is dominantly primary silver, lead, and zinc sulfides (argentite-acanthite-galena-sphalerite) and quartz as gangue material. This mineralization style is representative of both the historically and currently mined material in the Ag-dominant epithermal vein systems of the Zacatecas district.

Table 2: Collar Information for Reported Drill Holes

HoleID Total Depth (m) Azimuth Dip Easting Northing Elevation (m)

SAD-15-05 245.00 35 -75 751462 2526424 2548

SAD-15-06 250.80 22 -85 751461 2526422 2548

SAD-15-07 274.70 35 -80 751400 2526468 2565

SAD-15-08 358.65 215 -85 751399 2526469 2565

SAD-17-14 423.00 35 -80 751781 2526133 2608

SAD-17-15 308.00 35 -71 751884 2526089 2589

SAD-17-16 428.84 35 -65 751222 2526349 2621

Table 2. Drill collar details. All coordinates in WGS84 UTM Zone 13N

Discussion of Quality Assurance/Quality Control (QAQC) and Analytical Procedures:

a- QAQC for 2023 drill core sampling: Samples were selected based on the lithology, alteration, and mineralization characteristics; sample size generally ranges from 0.25 – 2.00m in width. All altered and mineralized intervals were sent for assay. One blank, one standard, and one duplicate were included within every 20 samples. Standard materials are certified reference materials (CRMs) from OREAS and CDN Resource Laboratories Ltd (CDN); the suite of standards contains a range of Ag, Au, Cu, Pb, and Zn values. Blanks, standards, and duplicates have been used to confirm the validity of the analytical results.

Samples were analyzed by ALS Limited. Sample preparation was performed at their Zacatecas, Mexico, prep facility, and analyses were performed at the Vancouver, Canada, analytical facility. All elements except Au and Hg were analyzed by a multi-element geochemistry method utilizing a four-acid digestion followed by ICP-MS detection [ME-MS61m]; mercury was analyzed after a separate aqua regia digest by ICP-MS. Overlimit assays for Ag, Pb, and Zn were conducted using the OG62 method (multi-acid digest with ICP-AES/AAS finish). Gold was measured by fire-assay with an ICP-AES finish [50g sample, Au-ICP22].

b- QAQC for 2015 and 2017 drill core sampling: Samples were selected based on geologic breaks; sample size generally ranges from 0.50 – 1.50m in width. A minimum of one blank and one standard was submitted with each sample batch. Various reference materials from CDN were used as standards and blanks. The standards contain a range of Ag, Au, Cu, Pb, and Zn values, while the blanks contain very low levels of these elements.

All analytical work, including sample preparation and analyses, was performed at the Activation Laboratories Ltd (Actlabs) facility in Guadalupe, Zacatecas, Mexico. Trace element geochemistry was completed using a 4-acid ‘near total’ digestion with an ICP-OES finish [method 1F2]. Base metal overlimit assays were conducted using a 4-acid digest with an ICP-AAS finish, while overlimit silver assays were analyzed using the 8-Ag method (30g sample, fire assay with gravimetric finish). Gold was measured by fire assay with an AAS finish [30g sample, 1A2].

Shares for Debt Transaction Update:

Defiance also announces an update to the Shares for Debt transaction (See News Release dated May 3rd, 2023), regarding consulting services rendered for the company by an arm’s length party, Rhea Advisors, LLC (“Rhea”) and General Research GmbH (“General Research”). The scope of these services was related to in-house marketing, communications, and project-based consulting with management. Defiance reports that it intends to settle CDN$35,600 of debt through the issuance of 192,432 common shares of the Company to Rhea at a deemed price of $0.185 per share and CDN$30,000 of debt through the issuance of 162,162 common shares of the Company to General Research, at a deemed price of $0.185 per share. The shares for debt transaction are subject to approval of the TSX Venture Exchange (the “Exchange”).

Investor Relations Activities – Tarik Dede:

Defiance also announces an update to its relationship with Tarik Dede (“Dede”) an arm’s length party engaged to provide investor relations services, as defined in accordance with the policies of the Exchange (See News Release Dated March 16th, 2023). Pursuant to his agreement, Dede was retained to provide blogging services on a per transaction basis, for a cash fee of €750 per month and would not be issued any stock options for the services. The Company confirms that the engagement has now terminated, and no funds were paid to Dede.

Shares for Services – Corporate Secretary:

The Company announces that on May 1, 2023, it entered into an Administrative Services Agreement (the “Agreement”) with Meraki Corporate Services Inc. (“Meraki”), for which Lisa Thompson, our Corporate Secretary is a founder. Pursuant to the Agreement, the Company will pay Meraki $2,500 per month and issue shares in the amount of $1,330 per month (the “Compensation Shares”). The Compensation Shares will be accrued at the market value of the common shares on the last day of each month and will be issued semi-annually and will be subject to a statutory hold period. The shares services transaction is subject to approval of the Exchange.

Lisa Thompson is a “Non-Arm’s Length Party” (as such term is defined under the policies of the Exchange) of the Company and the issuance of the Compensation Shares to Ms. Thompson constitutes a related party transaction as defined under MI 61-101. Such transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the monthly fee, nor the fair market value of the Compensation Shares issued to the interested party exceed 25% of the Company’s market capitalization.

About Meraki Corporate Services

Meraki Corporate Services (“Meraki”) has been involved in the public company sector for over 25 years providing a strong background of corporate compliance, corporate secretarial, and bookkeeping services. Meraki offers extensive experience in the management and administration of both public and private companies.

About Defiance Silver Corp.

Defiance Silver Corp. (TSXV: DEF) (OTCQX: DNCVF) (WKN: A1JQW5) (FSE: D4E) is an exploration company advancing the district-scale San Acacio Deposit, located in the historic Zacatecas Silver District and the Tepal Gold/Copper Project in Michoacán state, Mexico. Defiance is managed by a team of proven mine developers with a track record of exploring, advancing, and developing several operating mines and advanced resource projects Defiance’s corporate mandate is to expand the San Acacio and Tepal projects to become premier Mexican silver and gold deposits.

Mr. George Cavey, P. Geo, is a Qualified Person within the meaning of National Instrument 43-101 and has approved the technical information concerning the Company’s material mineral properties contained in this press release.

On behalf of Defiance Silver Corp.

“Chris Wright”

Chairman of the Board

For more information, please contact: Investor Relations at +1 (604) 343-4677 or via email at This email address is being protected from spambots. You need JavaScript enabled to view it..

www.defiancesilver.com

Suite 2900-550 Burrard Street
Vancouver, BC V6C 0A3
Canada
Tel: +1 (604) 343-4677
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Disclaimer

Neither 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.

Caution Regarding Forward-Looking Information

Information contained in this news release which are not statements of historical facts may be “forward-looking information” for the purposes of Canadian securities laws. Such forward-looking information involves risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward looking information. The words “believe”, “expect”, “anticipate”, “contemplate”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule”, “understand” and similar expressions identify forward-looking information. These forward-looking statements relate to, among other things: the Company’s expectations regarding the ability of the Mining Bureau of Mexico City to reinstate ownership of the concessions to the Company, cooperation with the Mining Bureau relating to such reinstatement and the potential for any successful solution resulting therefrom.

Forward-Looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable by Defiance, are inherently subject to significant technical, political, business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking information. Factors and assumptions that could cause actual results or events to differ materially from current expectations include, among other things: the inability of the Company to regain possession of its concessions; political risks associated with the Company’s operations in Mexico; the failure of the Mining Bureau in Mexico City to take any coercive action to reinstate ownership of the concessions to the Company; and the inability of the Company and its subsidiaries to enforce their legal rights in certain circumstances. For additional risk factors, please see the Company’s most recently filed Management Discussions & Analysis for its quarter ended March 31, 2021 available on SEDAR at www.sedar.com.

There can be no assurances that forward-looking information and statements will prove to be accurate, as many factors and future events, both known and unknown could cause actual results, performance or achievements to vary or differ materially from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements contained herein or incorporated by reference. Accordingly, all such factors should be considered carefully when making decisions with respect to Defiance, and prospective investors should not place undue reliance on forward looking information. Forward-Looking information in this news release is made as at the date hereof. The Company assumes no obligation to update or revise forward-looking information to reflect changes in assumptions, changes in circumstances or any other events affecting such forward-looking information, except as required by applicable law.

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October 1, 2023

Tower Resources Provides Exploration Update on B.C. Properties; Prepares to Drill New Thunder Au and Rainbow Cu-Au-Mo Discoveries at Rabbit North and Initiates Follow-Up Sampling at More Creek on a Gold Grain Anomaly Straddling the Key “Red Line”

2023-09-21 05:35:14

Vancouver, British Columbia–(Newsfile Corp. – September 21, 2023) – Tower Resources Ltd. (TSXV: TWR) (“Tower” or the “Company“) is pleased to report on recent exploration developments at its British Columbia properties (see Fig. 1), the Company’s plans to resume drilling on the new Thunder Au and Rainbow Cu-Au-Mo discoveries at Rabbit North and initiation of follow-up gold grain sampling at More Creek on the Golden Triangle “Red Line”.

Rabbit North

Tower recently received a permit to continue exploration, including diamond drilling, on the Company’s 17,526-hectare Rabbit North property near Kamloops, between New Gold’s New Afton underground Cu-Au mine and Teck’s Highland Valley open pit Cu-Mo mine (see Fig. 2).

Tower is planning a 1500 m follow-up diamond drilling program beginning in the first week of October to further investigate and expand the newly discovered (see Fig. 3 and Tower’s March 30 and April 5 and 20 press releases), shear-hosted Thunder Au Zone (initial intersections of twin Au zones <10 m apart comprised, in discovery Hole 039, of 17.9 m @ 1.28 g/t Au and 7.8 m @ 3.79 g/t Au, and 150 m to the southeast in Hole 41, of 13.25 m @ 3.28 g/t Au and 10.12 m @ 2.19 g/t Au) and porphyry-type Rainbow Cu-Au-Mo Zone (72.4 m of 0.27% Cu, 0.40 g/t Au and 0.01% Mo, or 0.57% Cu equivalent, starting near surface in the final drill hole targeting the Thunder Zone, No. 042).

More Creek

The 6430-hectare More Creek property is centrally located in the Golden Triangle of northern B.C. between the Brucejack high-grade epithermal Au and Red Chris porphyry Cu-Au mines (Fig. 4). It is in mountainous terrain and straddles the Triassic Pass Fault, part of the so-called Red Line structural zone within 2 km of which the Brucejack, Eskay Creek, Red Chris and most of the other important mineral deposits of the Golden Triangle are located and to which they appear to be genetically related.

In 2016 Tower performed a small, three-sample gold grain sampling test program on the gravel bed of Arrow Creek, the valley of which traces the Triassic Pass Fault from south to north across the property. A strong gold grain anomaly was identified along the lower, northern part of the creek and its source mineralization was inferred from various lines of evidence to be 1-2 km south up the valley near a small, rapidly receding glacier that feeds the creek. Follow-up sampling was recommended to trace the gold grain anomaly up the creek and pin down its source.

Tower subsequently optioned the property to Volatus Capital Corp. but the recommended sampling program was not performed and the property was recently returned to Tower. Tower has revived the planned survey and expects to receive the gold grain results by late October.

Nechako Gold Property

Tower’s 2975-hectare Nechako Gold property is located on the Nechako Plateau in central B.C. (see Fig. 1), 30 km northeast of the 8,000,000-ounce Blackwater Au deposit which is currently under development by Artemis Gold Inc. Between 2016 and 2021 Tower identified a significant gold grain anomaly at the top of a thick till plain and, using a specialized reverse circulation (RC) drill to sample the underlying dispersal train at depth, successfully traced it 3 km up-ice to its source area where several promising, porphyry associated Au-Ag-Pb-Zn intersections were subsequently obtained by diamond drilling.

Tower continues to maintain the Nechako Gold property in good standing while focusing on the Company’s new Lightning, Thunder and Rainbow discoveries at Rabbit North (Fig. 3). As the Lightning Zone appears to account for only the western edge of the 400-m-wide Dominic Lake gold grain dispersal train that occurs at the surface of the thick till plain down-ice from the gold zone, consideration is being given to using the RC drilling experience gained at Nechako Gold to search the area to the east for additional gold sources.

Belle Property

Tower optioned its 1670-hectare Belle property in the Toodoggone Area east of the Golden Traingle to Volatus Capital Corp. on August 5, 2020. Volatus completed the earn-in agreement and has returned the property to the vendors.

Qualified Person

The technical content of this news release has been reviewed and approved by Stuart Averill, P.Geo., a director of the Company, and a Qualified Person as defined by National Instrument 43-101.

About Tower Resources

Tower is a Canadian based mineral exploration company focused on the discovery and advancement of economic mineral projects in the Americas. The Company’s key exploration assets, both in B.C., are the Rabbit North copper-gold porphyry project located between the New Afton copper-gold and Highland Valley copper mines in the Kamloops mining district and the Nechako gold-silver project near Artemis’ Blackwater project.

On behalf of the Board of Directors
Tower Resources Ltd.

Joe Dhami, President and CEO
(778) 996-4730
www.towerresources.ca

Reader Advisory

This news release may contain statements which constitute “forward-looking information”, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.

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

Figure 1 – Location of Tower’s B.C. exploration projects.

Figure 2 – Location of Tower’s Rabbit North property relative to the active mines of the Kamloops district.

Figure 3 – Locations of Tower’s new Thunder Au and Rainbow Cu-Au-Mo discoveries on the Rabbit North property.

Figure 4 – Location of Tower’s More Creek property within the Golden Triangle. The black line is the Triassic Pass Fault, part of the so-called Red Line fault zone with which most of the mineral deposits of the Golden Triangle are associated.

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September 21, 2023
Comet Lithium Submits Permit To Drill At Liberty

2023-09-20 05:04:26

ROUYN-NORANDA, QC, Sept. 20, 2023 /CNW/ – Comet Lithium Corporation (TSXV: CLIC) (“Comet Lithium” or the “Company”), is pleased to announce that it has initiated the planning and permitting process of its first drill program on its 100%-owned Liberty property located in James Bay, Québec, adjacent to Winsome Resources’ Adina project.

On August 28, 2023, the Company announced the identification of numerous pegmatite outcrops and glacial boulders on the Liberty property. Following phase one of the ground exploration program, the extension of the Adina trend was also covered with a soil survey (C-horizon). A total of 272 samples were taken with an average spacing of ~100 metres between samples, to mitigate the challenges posed by the scarcity of outcrops and the presence of lakes.

The Company has been evaluating the inaugural drill program based not only on the structural lineament pattern connecting the Adina trend with the Liberty property, but also using its most recent field data. The recently acquired data has allowed the Company to observe favorable pegmatite and structural features grouped around east-west, north to north-east and north-east orientation.

At this stage, multiple drill holes collars have been planned inside a carefully established corridor about one kilometre wide inside the Trieste volcanic formation. This environment, which is composed mainly of amphibolite injected by different granitic and pegmatitic phases, hosts spodumene bearing pegmatite forming the Adina trend.

It is expected that each hole, will be drilled following a north-west orientation with a 45-degree dip and has been strategically positioned to intersect a magnetic contrast which could correspond to pegmatite swarms. As the Company gains more in-depth knowledge with sampling results, incoming LiDAR data and a geophysics program, holes will be prioritized and drilled accordingly. It is also important to note that there is no historical drilling that has taken place on the Company’s Liberty property.

Mr. Mansoor Jan, Comet Lithium’s new Interim CEO and President, stated: “We strongly believe it is necessary to initiate this early-stage drill program on the Liberty property considering that Winsome Resources, our neighbor, has successfully extended the spodumene bearing pegmatite intrusion less than one kilometre west of the property boundary. We are confident that the interpretation work completed so far will allow us to identify the continuity of pegmatites of the same type inside the Liberty property.”

Comet Lithium’s technical team will optimize and potentially expand the drill program by incorporating output from LiDAR survey and insight generated from additional geophysical work.

Qualified Person

Martin Demers, P. Geo (ogq #770, APEGNB L5980, PGO #3785), registered in the Provinces of Québec, New-Brunswick, and Ontario a consultant to Comet Lithium, is a qualified person under National Instrument 43‑101 – Standards of Disclosure for Mineral Projects. He has reviewed the technical contents of this news release and has approved the disclosure of the technical information contained herein.

About Comet Lithium Corporation

Comet Lithium is a dynamic lithium-focused exploration company active in the prolific James Bay District of Quebec. Comet Lithium’s flagship asset is its 100%-owned Liberty Property contiguous to Winsome Resources’ Adina deposit, a growing high-grade discovery. Comet Lithium is advancing Liberty to first-ever drilling.

Forward-Looking Statements

This news release contains statements that may constitute “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information may include, among others, statements regarding the future plans, costs, objectives or performance of Comet Lithium, or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including the exploration programs, the results therefor and development (including results from the ground samples collected on the Liberty property, results for the LIDAR survey or geophysics program, the drill program and any future exploration programs on he Liberty property, or if it does so, what benefits Comet Lithium will derive from the Liberty property and any such exploration programs. Forward-looking information is based on information available at the time and/or management’s good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Comet Lithium’s control. These risks, uncertainties and assumptions include, but are not limited to the risks relating to the capital market conditions, risk that the Company might not be able to obtain the capital resources necessary to complete a drill program or any exploration program on the Liberty property, as well those risks, uncertainties and assumptions described under “Financial Instruments” and “Risk and Uncertainties in Comet Lithium’s Annual Report for the fiscal year ended December 31, 2022, a copy of which is available on SEDAR+ at www.sedarplus.ca, and could cause actual events or results to differ materially from those projected in any forward-looking statements. Comet Lithium does not intend, nor does it undertake any obligation, to update or revise any forward-looking information contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

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 the release.

Website: CometLithium.com

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September 20, 2023
CanAlaska Uranium Announces Mobilization to Moon Lake South For Drill Program

2023-09-19 05:34:18

Program is Focused on Testing Extensions of New High-Grade Uranium Mineralization

Two Drill Program Continues at Pike Zone Discovery on West McArthur JV Project

Vancouver, British Columbia–(Newsfile Corp. – September 19, 2023) – CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7N) (“CanAlaska” or the “Company”) is pleased to announce mobilization of the crews for a supplemental exploration drilling program by the Moon Lake South Joint Venture (“MLSJV”) at its Moon Lake South project (the “Project”). The Company recently reported the MLSJV doubled the 2023 exploration budget with the addition of this supplemental drill program focussed on testing for extensions of high-grade uranium mineralization intersected during the winter program. Geochemical assay results from the winter drill program’s MS-23-10A returned a high-grade intersection of 2.46% U₃O₈ over 8.0 metres, including 3.71% U₃O₈over 4.5 metres. The MLSJV is 75%-owned and operated by Denison Mines Corp. (“Denison”), and CanAlaska holds a 25% ownership (Figure 1). CanAlaska is funding the Company’s share of the 2023 exploration programs.

Figure 1 – Moon Lake South Project Location Map

The supplemental drill program is expected to consist of 4 to 8 drillholes for a total of up to 4,400 metres. The program will focus on testing the northeast strike extension of the high-grade perched uranium mineralization intersected in MS-23-10A. Drill hole MS-23-10A intersected 2.46% U₃O₈ over 8.0 metres, including 3.71% U₃O₈over 4.5 metres, approximately 30 metres above the unconformity (Figure 2). The mineralization in MS-23-10A represents the highest-grade mineralized intersection drilled to date along the CR-3 conductor on the Moon Lake South project. Given the limited number of drill holes completed on the project to date, the mineralization discovered in MS-23-10A remains open in multiple directions. The winter exploration program results, combined with previous drill programs, have confirmed uranium mineralization in multiple zones over a strike length of four kilometres along the CR-3 target corridor. The high-grade mineralization remains open along strike for at least 1.2 kilometres to the northeast, representing a high priority target corridor for the supplemental drill program.

Figure 2 – Core Photograph of MS-23-10A Uranium Mineralization

CanAlaska CEO, Cory Belyk, comments, “The CanAlaska team is very excited to be back drilling this high-grade mineralization with our partner, Denison. Mineralization of this magnitude located well above the unconformity is very rare without significant root zones of mineralization at the unconformity contact below. This contact will be a priority target for follow-up as part of this program. The uranium price continues to climb to new recent highs making the timing of this supplemental drilling program a significant opportunity for CanAlaska’s shareholders to benefit from this discovery.”

Other News

The Company is currently drilling at its West McArthur uranium project in the Eastern Athabasca Basin. The primary objective of the drill program is advancing the Pike Zone discovery, including continued focus on expansion of basement-hosted high-grade uranium mineralization as well as continued unconformity target testing.

About CanAlaska Uranium

CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7N) holds interests in approximately 350,000 hectares (865,000 acres) in Canada’s Athabasca Basin – the “Saudi Arabia of Uranium.” CanAlaska’s strategic holdings have attracted major international mining companies. CanAlaska is currently working with Cameco and Denison at two of the Company’s properties in the Eastern Athabasca Basin. CanAlaska is a project generator positioned for discovery success in the world’s richest uranium district. The Company also holds properties prospective for nickel, copper, gold and diamonds. For further information visit www.canalaska.com.

On behalf of the Board of Directors
“Cory Belyk”
Cory Belyk, P.Geo., FGC
CEO, President and Director
CanAlaska Uranium Ltd.

Contacts:

Cory Belyk, CEO and President
Tel: +1.604.688.3211 x 138
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

General Enquiry
Tel: +1.604.688.3211
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Neither 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

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

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September 19, 2023

Gowest Gold Announces Initial Exploration Drill Results at Bradshaw

2023-09-15 04:03:55

Toronto, Ontario–(Newsfile Corp. – September 15, 2023) – Gowest Gold Ltd. (TSXV: GWA) (“Gowest” or the “Corporation“) is pleased to announce initial assay results from Phase 1 of its previously announced surface diamond drill program at its 100% owned Bradshaw Gold Mine (Bradshaw.) This first 5,000-metre program phase is part of a larger planned program that aims to expand the mineable resource at Bradshaw, as well as to further test other parts of the Corporation’s North Timmins Gold Project (“NTGP“) area where notable gold has previously been intercepted (see Gowest news releases dated June 26, 2023, June 1, 2020, and June 27, 2019).

Diamond Drilling Highlights

Results received by Sept. 1^st from the first seven diamond drill holes, all of which intersected gold mineralization

A total of 2,255 m of drilling has been completed as of Aug 31, including ten completed holes and one in progress (Table 2.)

Highest intercept: 10.64 g/t Au over 2.6 m from hole GW23-321, including 16.67 g/t Au over 1.5 m from the Bradshaw HAN zone

Drilling on the HW2 zone also returned significant gold mineralization of 3.12 g/t Au over 1.8 m in Hole GW23-320 and 2.71 g/t Au over 5.0 m (including 3.27 g/t Au over 2.50 m) in Hole GW23-324.

Hole GW23-326 intersected 3.48 g/t Au over 2.0 m in the HW4 Bradshaw Zone.

Dan Gagnon, President and Chief Executive Officer of Gowest, commented, “These positive initial drill results continue to support our team’s expectation that we will be able to expand our current mineable resources and reserves at Bradshaw. At the same time, the mine restart is progressing very well. We remain on target on all fronts, including all production and key infrastructure programs, and anticipate starting the toll milling our ore at the Redstone Mill in the fourth quarter of this year.”

Overview:

The Phase 1 and 2 surface drilling program, which is expected to be completed in November, has progressed well since it commenced on June 20. A total of 2,255 m of drilling has been completed as of Aug 31, consisting of ten holes completed and one in progress (Table 2.)

The ten holes were drilled on the eastern portion of the Bradshaw Gold Deposit (see Table 2). This work represents the initial phase of a 5,000-m surface drill program. This phase is targeting the OB1, HAN, HW4, HW2 gold zones below the 80 m mine level, to extend existing stopes. (See Figure 1 and Table 1 below, as well as Gowest news release dated July 11, 2023).

The drill rig is currently drilling the eleventh hole (GW23-330) and an additional three holes have been spotted in the field (2,056 m).

Two exploration permit applications submitted to the Ontario Ministry of Mines in May were approved in August. The permits are valid for three years and will allow diamond drilling of the west and east Bradshaw gold deposit strike extensions, the Sheridan Gold Zone area, the Dowe Gold Zone area and the Roussain Gold Zone.

Figure 1: Phase 1 drilling targeted the northeast and southwest trending veins of Bradshaw deposit, following the immediate south-southwest down plunge of mineable ore shots.

Bradshaw Underground Mine Longitudinal Section Looking North

Table 1: Gold intersections (all Au intercepts are reported in core lengths and may not be indicative of the true width)

HOLE ID From (m) To (m) Length (m) Au (g/t)

GW23-320 65.00 66.50 1.50 2.24

and 105.00 106.00 1.00 2.91

and 114.00 117.00 3.00 2.19

and 118.50 120.00 1.50 0.99

and 145.50 147.30 1.80 3.12

Includes 146.30 146.80 0.50 11.10

GW23-321 97.50 102.40 4.90 1.49

and 139.00 141.60 2.60 10.64

includes 140.10 141.60 1.50 16.67

and 150.70 151.90 1.20 1.45

and 169.00 170.00 1.00 1.18

174.00 175.00 1.00 1.46

GW23-324 121.50 126.50 5.00 2.71

includes 124.00 126.50 2.50 3.27

GW23-322 105.00 106.00 1.00 3.04

and 150.00 151.00 1.00 1.90

and 159.00 160.00 1.00 1.70

GW23-323 83.60 84.50 0.90 2.49

165.00 166.00 1.00 3.03

176.50 182.00 3.50 1.02

GW23-325 22.90 23.80 0.90 1.73

104.00 105.40 1.40 1.81

124.00 125.00 1.00 2.42

137.00 138.00 1.00 1.22

GW23-326 41.00 43.00 2.00 3.48

Technical details:

Previous studies have stated that “Gold mineralization at the Bradshaw Deposit occurs in an interlayered, steeply dipping and west‐southwest trending sequence of mafic volcanic rocks and ultramafic rocks of the Kidd‐Munro Assemblage. A potentially tectonically interleaved sequence of ultramafic rocks and turbidite sediments occurs to the Assemblage or represent interflow units within the Kidd Munro Assemblage; they have common pyrite nodules. The hosting mafic unit to the mineralization is 100‐140 meters thick. The localization of veins in this unit likely reflects its more competent nature than the surrounding weaker ultramafic and sedimentary rocks and is typical of the thickness of ore‐hosting mafic units at other deposits in the area, such as the Aunor‐Delnite deposit in Timmins, which is also bounded by ultramafic units.”

Mineralization at Bradshaw occurs in association with shear vein breccia containing quartz/carbonate/albite/sericite/tourmaline/sulphide. Vein network have a rhombic pattern and hosted within a mafic volcanic unit.

Table 2: Drill Holes

Drill Hole Easting Northing Elevation Azimuth Dip Length

(No.) (Nad 83 m) (Nad 83 m) (masl) (°) (°) (m)

GW23-320 486975 5398769 291 204 -49 230

GW23-321 486975 5398769 291 190 -53 185

GW23-322 486983 5398768 291 177 -54 174

GW23-323A 486983 5398768 291 186 -60 197

GW23-323 486983 5398768 291 186 -60 15

GW23-324 487020 5398765 291 180 -46 133

GW23-325 487020 5398765 291 178 -54 152

GW23-326 487075 5398719 290 180 -55 58

GW23-327 486791 5398841 290 165 -63 332

GW23-328 486736 5398798 290 172 -60 300

GW23-329 486794 5398891 290 177 -59 378

Quality Control Procedures

NQ drill core is oriented and cut with half sent to Activation Laboratories Timmins (Actlabs) for drying and crushing to -2 mm, with a riffle split 250g and pulverize (mild steel) to 95% passing 105μm (150 mesh). Actlabs is an ISO 17025 accredited laboratory. A 30 g charge is Fire Assayed and analyzed using an AAS finish for Gold. Samples above 10.00 g/t Au are analyzed by Fire Assay with a gravimetric finish and selected samples with visible gold by Metallic Screen Fire Assay on a 1.00 kg sample. Gowest inserts independent certified reference material and blanks with the samples and assays routine pulp repeats, as well as completing routine third-party check assays at a third-party laboratory.

About Gowest

Gowest is a Canadian gold exploration and development company focused on the delineation and development of its 100% owned Bradshaw Gold Deposit (Bradshaw) on the Frankfield Property, part of the Corporation’s North Timmins Gold Project (NTGP). Gowest is exploring additional gold targets on its +100‐square‐kilometre NTGP land package and continues to evaluate the area, which is part of the prolific Timmins, Ontario gold camp. Currently, Bradshaw contains a National Instrument 43‐101 Indicated Resource estimated at 2.1 million tonnes (“t”) grading 6.19 grams per tonne gold (g/t Au) containing 422 thousand ounces (oz) Au and an Inferred Resource of 3.6 million t grading 6.47 g/t Au containing 755 thousand oz Au. Further, based on the Pre‐Feasibility Study produced by Stantec Mining and announced on June 9, 2015, Bradshaw contains Mineral Reserves (Mineral Resources are inclusive of Mineral Reserves) in the probable category, using a 3 g/t Au cut‐off and utilizing a gold price of US$1,200 / oz, totaling 1.8 million t grading 4.82 g/t Au for 277 thousand oz Au.

Qualified Person

The technical information in this news release has been reviewed and approved by Even Stavre, P.Geo., Gowest’s Chief Geologist, who is the Qualified Person for the technical information in this news release under National Instrument 43-101 standards.

Forward-Looking Statements

Certain statements in this release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements in this press release include, without limitation, statements relating to the use of the proceeds of the Offerings, the potential for to raise additional proceeds from the exercise of Warrants, and the proposed activities of the Corporation at Bradshaw. Words such as “may”, “would”, “could”, “should”, “will”, “anticipate”, “believe”, “plan”, “expect”, “intend”, “potential” and similar expressions may be used to identify these forward-looking statements although not all forward-looking statements contain such words.

Forward-looking statements involve significant risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including those risk factors set forth in the Corporation’s management’s discussion and analysis and other filings available via the System for Electronic Document Analysis and Retrieval (SEDAR) under the Corporation’s profile at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements may vary materially from those expressed or implied by this press release. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. These forward-looking statements are made as of the date of this press release and, other than as required by law, the Corporation does not intend to or assume any obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

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.

For further information please contact:

Dan Gagnon
President & CEO
Tel: (416) 363-1210
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Greg Taylor
Investor Relations
Tel: (416) 605-5120
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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September 15, 2023

First American Uranium Provides Exploration Plan Update with 4 Drill Target Areas & Redrafted Maps for Red Basin Uranium/Vanadium Property

2023-09-13 10:30:17

Red Basin Project is ~250 miles north of America’s only operating uranium mill

Drill target areas coincide with 1000+ historic holes drilled by Gulf Oil Corporation

Presence of uranium/vanadium deposits indicate potential to become advanced stage project

Vancouver, British Columbia, Sept. 13, 2023 (GLOBE NEWSWIRE) — First American Uranium Inc. (CSE: URM) (FSE: IOR) (the “Company”) is pleased to provide redrafted project maps and updates to the Company’s exploration plan for its Red Basin Uranium/Vanadium Property in Catron County, New Mexico, USA. The project, which consists of 26 optioned lode claims totaling ~537 acres (~217 hectares), is ~250 miles (~402 km) north of the only operating uranium mill in America.

While the original exploration plan for the Red Basin Project was filed in 2013, First American Uranium’s updated exploration plan now includes the following redrafted project map, which shows: the outlines of the Company’s 26 lode claims (black); the 4 potential zones to be drilled (Areas 1-4); 1000+ historic holes drilled by the Gulf Oil Corporation in the late 1960s through the early 1980s (red dots); and existing access to the claims by US Forest Service (USFS) roads (blue) and 2-track roads (purple).

The updated exploration plan also includes the following redrafted project map, which shows existing access to the Red Basin Project area from the intersection of Highway 60 and Davenport Canyon.

The project’s region produced 1,194 pounds of U3O8 in the 1950s from ore mined with an average grade of 0.17% U3O8 (McLemore & Chenoweth, 2017). According to the Company’s NI 43-101 Report, evaluations of the Company’s property from several sources confirm the presence of uranium/vanadium deposits, indicating the potential to become an advanced stage project.

The Company maintains ongoing communication with the Cibola National Forest and National Grasslands, under whose jurisdiction the Red Basin Project’s exploration plan falls. The Company will continue to work in good faith with all stakeholders and the State of New Mexico in advancing the property, including complying with all state and federal rules and regulations while conducting exploration activities for uranium and vanadium.

Mr. Frank Bain, P.Geo., First American’s consulting geologist and field representative, has apprised the regulators of his deep experience in the region as an exploration geologist, as a mining claim specialist approving Notices and Plans of Operations for the Bureau of Land Management (BLM), and as a state inspector.

“The redrafted project maps and our updated exploration plan, together with our recently received 43-101 recommendations, are important milestones toward advancing our work program to help define the Red Basin Uranium/Vanadium Project’s resource potential,” said Shawn Balaghi, First American Uranium’s CEO. “We’re working to create a secure and domestic US-based uranium supply, and we’re fortunate to have New Mexico’s history of significant uranium production and today’s pro-uranium market forces supporting that goal as we move ahead.”

Frank Bain, P.Geo., an independent consultant of the Company and a Qualified Person as defined by NI 43-101, has reviewed, and approved the scientific and technical content of this news release.

About First American Uranium Inc.

First American Uranium Inc. is engaged in the business of mineral exploration and the acquisition of mineral property assets in North America. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration programs on the Silver Lake and Red Basin properties. The Silver Lake property is situated around Goosly Lake and approximately 30 km southeast of the town of Houston, in the Omineca Mining Division, British Columbia. The Company has acquired a 60% interest in a company that indirectly holds a 100% interest in the Red Basin uranium/vanadium mineral claims located in Catron County, New Mexico.

ON BEHALF OF THE BOARD

“Shawn Balaghi”
Shawn Balaghi, Chief Executive Officer

For further information, please contact: Telephone: 604-773-0242

The CSE does not accept responsibility for the adequacy or accuracy of this release.

This press release includes “forward-looking information” that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements may include but are not limited to, statements relating to the trading of the Company’s common shares on the Exchange and the Company’s use of proceeds and are subject to all of the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management’s best judgment based on information currently available.

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September 13, 2023
Sienna Applies for Drill Permit for up to 5 Initial Locations on the “Elko Lithium Project” in Elko County, Nevada Bordering Surge Battery Metals

2023-09-13 00:06:21

Vancouver, British Columbia–(Newsfile Corp. – September 13, 2023) – Sienna Resources Inc. (TSXV: SIE) (OTC Pink: SNNAF) (FSE: A1XCQ0) (“Sienna” or the “Company”) is pleased to announce that it has submitted an application with the Elko District BLM office to drill up to 5 initial locations on its recently acquired “Elko Lithium Project” in Elko County, Nevada. This project consists of approximately 1200 contiguous acres directly bordering Surge Battery Metals’ (NILI) “Nevada North Lithium Project” in Elko County, Nevada. According to the news dated September 12, 2023 from Surge, “The first certified analytical results for the 2023 summer drilling program at Surge Battery Metals Inc.’s Nevada North lithium project (NNLP) have returned multiple zones of high values ranging from 1,000 parts per million to 8,070 ppm lithium, the highest grades for exploration to date on the Nevada North Lithium Project.” Sienna management cautions that past results or discoveries on properties in proximity to Sienna may not necessarily be indicative of the presence of mineralization on the Company’s properties.

Jason Gigliotti, President of Sienna states, “We are very pleased to have submitted an initial 5 hole drill plan location notice to the Elko District BLM office. We are very excited about this area especially in light of the fantastic lithium results being drilled by our neighbour, Surge Battery Metals. This area is shaping up to be one of the most exciting lithium addresses in North America and we very pleased to be right in the heart of it with a planned work program to commence as soon as possible. Not only do we have this new lithium project, but Sienna is one of the largest landholders in Clayton Valley, Nevada through its other property interests. Sienna has more than enough cash on hand for anticipated current exploration plans and we expect to very active on multiple fronts in the remainder of 2023. Management is very optimistic about the future and looks forward to what will happen in the ground on these projects.”

Elko County Map

Recently, the Bureau of Land Management (BLM) has given Sienna approval for up to 4 additional holes to be completed on the 100% owned Blue Clay Lithium Project in Clayton Valley, Nevada. On March 25, 2022, Sienna revealed a new lithium discovery on the Blue Clay Lithium Project. Lithium values as high as 1230 ppm Li were encountered. The Blue Clay Lithium Project consists of 150 contiguous claims totaling approximately 2,950 acres prospective for lithium right in the heart of the Clayton Valley in Nevada, which is currently home to the only producing lithium region in North America.

About Sienna Resources Inc.

Sienna is one of the larger landholders in Clayton Valley Nevada. Sienna’s Clayton Valley projects include the Blue Clay Lithium Project, the Silver Peak South Project, and the Clayton Valley Deep Basin Lithium Project. The Clayton Valley is home to the only lithium production in North America, being Albemarle Corp’s Silver Peak deposit. This project is also near Tesla Motors Inc.’s Gigafactory in Nevada. On March 18, 2021, Schlumberger New Energy Venture announced the development of a lithium extraction pilot plant through its new venture, NeoLith Energy in a strategic partnership with Pure Energy. The deployment of the pilot plant will be in Clayton Valley, Nevada, USA. The NeoLith Energy sustainable approach uses a differentiated direct lithium extraction (DLE) process to enable the production of high-purity, battery-grade lithium material while reducing the production time from over a year to weeks. Results from this pilot plant are expected in 2023 and could have a significant impact on the brine prospects within Clayton Valley Nevada. Sienna also has “Elko Lithium Project” in Elko County, Nevada. This project consists of approximately 1200 contiguous acres directly bordering Surge Battery Metals’ (NILI) “Nevada North Lithium Project” in Elko County, Nevada. One other project Sienna has is the ‘Marathon North Platinum-Palladium Property’ in Northern Ontario directly bordering Generation Mining Marathon Deposit.

Qualified Person:

Mr. Frank Bain, PGeo, a qualified person as defined by National Instrument 43-101 has reviewed and approved the scientific and technical disclosure contained within this news release.

If you would like to be added to Sienna’s email list, please email This email address is being protected from spambots. You need JavaScript enabled to view it. for information or join our twitter account at @SiennaResources.

Contact Information
Tel: 1.604.646.6900
Fax: 1.604.689.1733
www.siennaresources.com
This email address is being protected from spambots. You need JavaScript enabled to view it.

“Jason Gigliotti”
President, Director
Sienna Resources Inc.

Statements in this news release that are not historical facts are forward-looking statements. Forward-looking statements are statements that are not historical, and consist primarily of projections – statements regarding future plans, expectations and developments. Words such as “expects”, “intends”, “plans”, “may”, “could”, “potential”, “should”, “anticipates”, “likely”, “believes” and words of similar import tend to identify forward-looking statements. Forward-looking statements in this news release include uncertainty of exploration and development plans regarding the property; commodity price fluctuations; political or economic instability and regulatory changes; currency fluctuations, the state of the capital markets; uncertainty in the measurement of mineral reserves and resource estimates; the Company’s ability to attract and retain qualified personnel and management; potential labour unrest; reclamation and closure requirements for mineral properties and the availability of capital to fund the Company’s projects, as well as other risks and uncertainties identified under the heading “Risk Factors” in the Company’s continuous disclosure documents filed on SEDAR. You are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. The Company cannot assure you that actual events, performance or results will be consistent with these forward-looking statements, and management’s assumptions may prove to be incorrect. These forward-looking statements reflect current expectations regarding future events and operating performance and speak only as of the date hereof and the Company does not assume any obligation to update forward-looking statements if circumstances or management’s beliefs, expectations or opinions should change other than as required by applicable law. For the reasons set forth above, you should not place undue reliance on forward-looking statements.

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 press release.

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September 13, 2023

Novo Resources: Maiden Drill Program Commences at Nunyerry North

2023-09-12 05:03:21

HIGHLIGHTS

Novo has commenced its maiden drill program at Nunyerry North, a highly promising exploration target in the southern Egina Gold Camp, Pilbara, Western Australia¹

Approx. 2,000 m of reverse circulation drilling will focus on investigating structurally controlled gold targets and extensive gold in soil anomalies

Previous exploration at Nunyerry delineated a > 1.4 strike km high tenor surface gold anomaly with bonanza grade gold assays from quartz veins in rock chip samples²

Novo’s partner De Grey is planning a substantial drilling program of approximately 39,000 m, commencing in September at the Egina joint venture area³, in the northern Egina Gold Camp, with a focus on the Becher project

Drilling activities are also scheduled to commence in the fourth quarter of 2023 at the Bamboo-Strattons and Balla Balla Gold projects in the Pilbara, as well as the Belltopper Gold project in Victoria

Figure 1: RC drilling underway at Nunyerry North.

VANCOUVER, British Columbia, Sept. 12, 2023 (GLOBE NEWSWIRE) — Novo Resources Corp. (Novo or the Company) (TSX: NVO & NVO.WT.A) (ASX: NVO) (OTCQX: NSRPF) is pleased to announce the Company has commenced its maiden drill program at Nunyerry North located in the Egina Gold Camp in the Pilbara, Western Australia (Figure 2), with ~ 2,000 m of reverse circulation (RC) planned. The Nunyerry North project is a 70:30 joint venture with the Creasy Group.⁴

In addition, De Grey Mining Limited (ASX:DEG) (De Grey) is planning ~ 39,000 m of aircore, reverse circulation and diamond drilling commencing at the Becher project in September 2023.⁵

Drilling activities are also scheduled to commence in the fourth quarter of 2023 at the Bamboo-Strattons and Balla Balla Gold projects in the Pilbara, as well as the Belltopper Gold project in Victoria.

Figure 2: Novo’s Pilbara tenure, showing priority prospects and joint venture interests.

THE EGINA GOLD CAMP

The Egina Gold Camp, home to Novo’s most prospective targets, is an 80 km contiguous tenement package, targeted on a series of structurally complex, gold-fertile corridors and hosted by rocks of the Mallina Basin in the north and mafic / ultramafic sequences further south. These corridors trend towards De Grey’s Pilbara Gold Project to the north and northeast.

This tenure has been one of the main focus areas for Novo’s exploration programs over the past eighteen months, culminating in the Egina JV with De Grey (which provides for the potential spend of up to A$25 million by De Grey on the project within four years to earn a 50% JV interest), and delineation of the orogenic gold target at Nunyerry North (Figure 3).

Figure 3: Egina Gold Camp tenure showing key areas of focus and joint venture interests⁶

Nunyerry North Prospect⁷

Nunyerry North is a compelling, high priority exploration target with significant prospectivity, located in the southern part of the Egina Gold Camp. This site boasts a high-grade soil anomaly and presents substantial exploration potential (Figure 4). Situated just 36 km from a major regional road, Nunyerry North also offers excellent long-term logistics.

Novo has initiated its maiden RC drill program of approximately 2,000 m at Nunyerry North, expected to be completed in the coming weeks.⁸

Mapping and rock chip sampling in the area identified sheeted quartz vein-related gold mineralisation within a basement sequence of ultramafic komatiites and mafic rocks, juxtaposed by regional shears and offset faults. The shears dip north at 75 degrees, and offset faults are interpreted to dip to the west at 75 degrees.

The initial drilling plan covers an area of ~ 600 m of strike over the main soil anomaly and peak rock chip results, where mapped vein densities are also optimal. Hole spacing over the main target area varies from a 20 x 40 to 60 m spaced grid, with lower priority areas more broadly spaced. The average depth of drilling is 95 m with a maximum depth of 120 m planned in the first pass program. A north seeking gyro will be used for down hole survey and samples will be dispatched initially for Au by PhotonAssay^TM for rapid turnaround, with pXRF analysis of multielements conducted at site.

Figure 4: Contoured gold results from soil sampling at Nunyerry North and high-grade gold results from rock chip sampling⁹

Egina JV – Becher

The recent A$10 million cornerstone investment and earn-in and joint venture with De Grey highlights the exciting potential of Novo’s Egina Gold Camp region.

The Egina JV introduces De Grey’s proven exploration success and experience within the region and provides a strong platfrom to accelerate exploration programs at Becher. Being free-carried to earn-in completion allows Novo to advance other prospective areas within the Company’s portfolio.

The combined Egina JV and De Grey’ tenure forms a strategically significant land position in the Mallina Basin covering approximately 2,500 sq km. De Grey assumed management control of the Novo area under the earn-in arrangements on 1 July 2023 and plans to commence a detailed and targeted work program in September 2023 including ~ 39,000 m of aircore, RC and diamond drilling.¹⁰

ABOUT NOVO

Novo explores and develops its prospective land package covering approximately 10,500 square kilometres in the Pilbara region of Western Australia, along with the 22 square kilometre Belltopper project in the Bendigo Tectonic Zone of Victoria, Australia. In addition to the Company’s primary focus, Novo seeks to leverage its internal geological expertise to deliver value-accretive opportunities to its stakeholders.

Authorised for release by the Board of Directors.

CONTACT

Investors:
Mike Spreadborough
+61 419 329 987
This email address is being protected from spambots. You need JavaScript enabled to view it. Media:
Cameron Gilenko
+61 466 984 953
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QP STATEMENT

Mrs. Karen (Kas) De Luca (MAIG), is the qualified person, as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects, responsible for, and having reviewed and approved the technical information contained in this news release other than information concerning De Grey’s Pilbara Gold Project. Mrs. De Luca is Novo’s General Manger Exploration.

JORC COMPLIANCE STATEMENT

The information in this news release in relation to results from rock chip sampling at Nunyerry North Is extracted from Novo’s Prospectus dated 2 August 2023 (which includes an Independent Geologist’s Report at Annexure 1) that was released to ASX on 7 September 2023 and which is available to view on www.asx.com.au. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.

FORWARD-LOOKING INFORMATION

Some statements in this news release contain forward-looking information (within the meaning of Canadian securities legislation) including, without limitation, that exploration programs will be advanced as described in this news release. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, customary risks of the resource industry and the risk factors identified in Novo’s annual information form for the year ended December 31, 2022, which is available under Novo’s profile on SEDAR+ at www.sedarplus.ca. Forward-looking statements speak only as of the date those statements are made. Except as required by applicable law, Novo assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements. If Novo updates any forward-looking statement(s), no inference should be drawn that the Company will make additional updates with respect to those or other forward-looking statements.

_____________________________________________________________

ENDNOTES

¹ Refer to Novo’s news release dated 14 August 2023.

² Refer to the Company’s news release dated 6 September 2022.

³ Works carried out under the De Grey earn-in arrangement. Refer to the Company’s news releases dated June 21, 2023, June 28, 2023 and 14 August 2023.

⁴ Novo holds 70% interest in gold rights, other mineral rights, legal interest and mining information pursuant to the Croyden JV agreement as announced previously in Novo news release dated 15 June 2020.

⁵ Refer to Endnote 1 above.

⁶ De Grey has reported that, at the Pilbara Gold Project, its (i) Mount Berghaus deposit is comprised of Indicated Mineral Resources of 1 Mt @ 1.7 g/t Au for 53 koz Au and Inferred Mineral Resources of 3.4 Mt @ 1.2 g/t Au for 128 koz Au, (ii) Wingina Well deposit is comprised of Measured Mineral Resources of 3.1 Mt @ 1.7 g/t Au for 173 koz Au, Indicated Mineral Resources of 1 Mt @ 1.4 g/t Au for 43 koz Au, and Inferred Mineral Resources of 1.4 Mt @ 1.6 g/t Au for 72 koz Au, (iii) Toweranna open pit deposit is comprised of Indicated Mineral Resources of 8.3 Mt @ 1.6 g/t Au for 418 koz Au and Inferred Mineral Resources of 2.5 Mt @ 1.5 g/t Au for 120 koz Au, (iv) Toweranna underground deposit is comprised of Indicated Mineral Resources of 0.1 Mt @ 3.0 g/t Au for 11 koz Au and Inferred Mineral Resources of 0.5 Mt @ 2.9 g/t Au for 49 koz Au, (v) Mallina deposit is comprised of Indicated Mineral Resources of 1.6 Mt @ 1.2 g/t Au for 64 koz Au and Inferred Mineral Resources of 5.1 Mt @ 1.5 g/t Au for 243 koz Au, (vi) Withnell open pit deposit is comprised of Measured Mineral Resources of 1.3 Mt @ 1.5 g/t Au for 62 koz Au, Indicated Mineral Resources of 3 Mt @ 1.8 g/t Au for 178 koz Au, and Inferred Mineral Resources of 0.7 Mt @ 2.0 g/t Au for 43 koz Au, (vii) Withnell underground deposit is comprised of Indicated Mineral Resources of 0.1 Mt @ 4.3 g/t Au for 16 koz Au and Inferred Mineral Resources of 2.4 Mt @ 3.9 g/t Au for 301 koz Au, and (viii) Hemi deposit is comprised of Indicated Mineral Resources of 165.7 Mt @ 1.3 g/t Au for 6,876 koz Au and Inferred Mineral Resources of 70.2 Mt @ 1.2 g/t Au for 2,632 koz Au, as those categories are defined in the JORC Code (as defined in NI 43-101). Refer to De Grey’s public disclosure record for further details. No assurance can be given that a similar or any mineral resource estimate will be determined at Novo’s Becher Project.

⁷ Refer to Endnote 1 above.

⁸ Refer to Endnote 1 above.

⁹ Refer to Endnote 2 above.

¹⁰ Refer to Endnote 1 above.

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September 12, 2023

First Tellurium Launching September Drill Program and IP Survey at Deer Horn, Conducts Private Placement Financing

2023-09-11 04:43:31

Following up on successful prospecting, mapping and sampling conducted over past two years.

Vancouver, BC, Canada – TheNewswire – September 11, 2023 – First Tellurium Corp. (CSE:FTEL) (OTC:FSTTF), reports that its September drill program is scheduled to launch in the second half of September at the Company’s Deer Horn property in west-central British Columbia. Drilling will focus on the Pond zone copper-gold porphyry target, where the objective is to intersect disseminated mineralization and help locate the main mineral zone in the subsurface. This information, combined with results from work over the past two years, would inform an expected much larger drill program in 2024.

First Tellurium is also launching an Induced Polarization (IP) geophysical survey in September. The Company has engaged Dias Geophysical of Saskatoon, Saskatchewan to conduct the survey. The program will follow up on successful rock sampling, channel sampling and prospecting conducted in 2022, and mapping and rock sampling conducted in August 2023. This combined work has extended the copper-gold porphyry target to five kilometers (3.1 miles) in length, which includes a possible 1.1-kilometer (.7 miles) extension of the existing 2.4-kilometer (1.5 miles) gold-silver-tellurium vein system, which now extends a total of 3.5 kilometers (2.2 miles) within the overall porphyry target.

“Our prospecting, mapping and sampling over the past two years has given us an extensive base of information to support the drilling and IP survey,” said First Tellurium President and CEO Tyrone Docherty. “What we have learned is that both the copper-gold porphyry target and gold-silver-tellurium vein system extend much farther than we first understood. Even more important is the discovery last month that the two mineralized systems are connected, supporting the premise that the property could support a large copper-gold porphyry across ground that has never been explored.”

Private Placement Financing

First Tellurium also announces a non-brokered private placement (the “Offering”) to raise up to $600,000 through the sale of up to 5,000,000 flow-through shares at $0.12 (the “Flow-Through Shares”) and up to $400,000 through the sale of up to 4,000,000 units at $0.10 (the “Units”). Each Unit will consist of one non-flow-through common share and one common share purchase warrant exercisable at $0.15 for a period of two years following the close of the offering.

Tyrone Docherty, President, CEO and a director of the Company (the “Insider”), will participate in the Offering through the purchase by his private company, Docherty Capital Corp., of 1,000,000 Flow-Through Shares for gross proceeds of $120,000. Participation by the Insider in the Offering is considered a “related party transaction” pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the Insider’s participation in the Offering in reliance of sections 5.5(a) and 5.7(a) of MI 61-101, respectively, on the basis that participation in the Offering by the Insider did not exceed 25% of the fair market value of the Company’s market capitalization.

“I continue to be a major investor and big believer in the future of the Deer Horn Property, especially with the results of the past two years,” said Docherty. “We’ve kept this financing deliberately small, believing that the upcoming drilling and IP will allow us to conduct subsequent financings on better terms.”

The Company may pay a finder’s fee consisting of cash, shares and/or warrants to eligible finders as permitted under applicable securities laws and CSE policies. Proceeds arising from the sale of Flow-Through shares will be utilized for exploration expenditures on its Deer Horn Property. Proceeds arising from the sale of Units will be utilized for exploration on the Colorado Klondike Property in Saguache County, Colorado, and for unallocated working capital.

Qualified Person

The Company’s disclosure of technical or scientific information related to the Deer Horn Project in this news release was reviewed and approved by Prof. Lee Groat, Ph.D, P.Geo, Technical Advisor to First Tellurium, who is a qualified person within the context of NI 43-101.

About First Tellurium Corp.

First Tellurium’s unique business model is to generate revenue and value through mineral discovery, project development, project generation and cooperative access to untapped mineral regions in Indigenous territory with sustainable exploration.

Our Klondike tellurium-gold property in Colorado and polymetallic Deer Horn Project in British Columbia anchor a diversified search for metals, working in alliance with Indigenous peoples, NGOs, governments and leading metals buyers. This is the future of mineral exploration—generating revenue by exploring responsibly and leveraging diverse partnerships.

First Tellurium proudly adheres to, and supports, the principles and rights set out in the United Nations Declaration on the Rights of Indigenous Peoples and in particular the fundamental proposition of free, prior and informed consent. First Tellurium is listed on the Canadian Stock Exchange under the symbol “FTEL” and on the OTC under the symbol “FSTTF”. Further information about FTEL and its projects can be found on www.firsttellurium.com.

On behalf of the board of directors of

First Tellurium Corp.

“Tyrone Docherty”

Tyrone Docherty

President and CEO

For further information please contact:

Tyrone Docherty

604.789.5653

This email address is being protected from spambots. You need JavaScript enabled to view it.

Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.

Forward-looking information

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated event.

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September 11, 2023

Hercules Silver Intercepts 27.3 Meters of 113 g/t Silver Equivalent Above Porphyry Copper Mineralization in First Holes of Phase II Drill Program

2023-09-08 05:04:17

Toronto, Ontario–(Newsfile Corp. – September 8, 2023) – Hercules Silver Corp. (TSXV: BIG) (OTCQB: BADEF) (FSE: 8Q7) (“Hercules Silver” or the “Company“) is pleased to report silver-lead-zinc results from the first 5 drill holes of its Phase II drill program, targeting near surface silver mineralization at its Hercules Silver Property located in western Idaho (“Hercules” or the “Property”). These results are the first of the Company’s ongoing 6,000-meter Phase II infill, expansion, and discovery-focused drill program.

The upper part of HER-23-05 intercepted 84.2 meters of 54.1 g/t AgEq, beginning at a shallow depth of 4.5 m, including a higher-grade intercept of 27.3 m grading 113.4 g/t AgEq starting at 36.7 m.

HER-23-04 intercepted 28.5 meters of 102.6 g/t AgEq, beginning at 39 m, including a higher-grade intercept of 2.7 m grading 416.2 g/t AgEq.

All holes reported are either step-out or infill holes, expanding on historical mineralization.

HER-23-05 was continued to depth to test a chargeability anomaly and intercepted blind porphyry copper alteration and mineralization, assays for which remain pending.

Four deep holes have now been drilled across 1.2 kilometers of the chargeability anomaly, all of which intersected pyrite-rich phyllic alteration, interpreted to represent the margins of a large porphyry copper system.

Deep drilling continues, targeting potentially favourable alteration to the west.

A third drill rig has now been added to the Phase II program.

Chris Paul, CEO and Director of the Company, noted: “Our Phase II infill and expansion drilling has expanded on historical mineralization and demonstrated the presence of broad intervals of silver at the Frogpond Zone. With assays pending for many holes, including several other zones, we’re confident in the potential to further validate and expand on the near surface silver across the Property. We’re currently drilling hole 21 of the 2023 season and have now added a third drill rig. In addition, our first ever deep drilling has intersected blind porphyry copper alteration across 1.2 kilometers, demonstrating the presence of a major hydrothermal system on the Property.”

Silver Mineralization at Frogpond

The near-surface drilling is focused on validating and expanding zones of historical silver mineralization at Hercules. Historical drilling was limited to vertical reverse circulation (“RC”) holes which returned minimal geological information. The 2023 program is utilizing angled drill holes with oriented core, providing new information on the controls and style of mineralization, and continuing to aid with the expansion.

HER-23-05 intersected a broad zone of shear-hosted mineralization, with flooding and replacement of pervasive dark grey sulfide mineralization (a combination of galena, sphalerite and tetrahedrite-tennantite). The broad zone of replacement is bracketed on either side by significant fault/shear zones, which appear to control the flow of hydrothermal fluids. Tracing this and other zones along strike is the main objective for adding to the historical mineralization. Logging of holes now being drilled at other zones, including the nearby Hercules Adit, show similar promise for expansion.

Table 1: Significant Drill Intercepts

Hole ID From
(m) To
(m) Interval
(m) AgEq¹ (g/t) Ag
(g/t) Cu
(%) Pb
(%) Zn
(%) Mn
(%)

HER-23-01 50.08 81.99 31.91 34.5 11.4 0.11 0.62 1.23

including 50.08 56.69 6.61 49.2 17.7 0.15 0.86 1.34

including 65.23 69.8 4.57 57.8 13.4 0.23 1.18 1.66

including 78.33 81.99 3.66 79.9 26.7 0.25 1.45 1.84

AND 112.47 123.44 10.97 25.6 24.6 0.01 0.07 1.41

HER-23-02 20.32 60.44 40.12 36.7 29.8 0.04 0.20 1.17

including 20.32 32 11.68 67.0 57.6 0.10 0.28 2.09

including 58.92 60.44 1.52 130.0 117.0 0.02 0.17 0.94

HER-23-03 17.37 56.39 39.02 42.1 37.1 0.02 0.18 0.87

including 36.58 44.2 7.62 69.9 65.1 0.04 0.17 0.82

HER-23-04 10.15 12.19 2.04 73.2 75.0 0.10 0.25

AND 39.01 67.54 28.53 102.6 93.6 0.10 0.35 0.75

including 59.68 62.36 2.68 416.2 426.6 0.03 0.13 0.57

HER-23-05 4.54 88.76 84.22 54.1 36.2 0.11 0.35 3.86

including 27.13 28.65 1.52 114.9 79.7 0.21 0.28 0.42 2.5

including 36.73 64.01 27.28 113.4 77.1 0.13 0.16 0.76 4.9

AND 170.69 178.31 7.62 51.1 43.2 0.07 0.10 0.07 4.15

¹Silver equivalent (AgEq) grades are calculated using metal price assumptions of: silver US$23.50/oz., copper US$4.00/lb, lead US$1.00/lb and zinc US$1.50/lb. Silver equivalent grade is calculated as AgEq (g/t) = Ag (g/t) x Ag rec. + (Cu (%) x Cu rec. x 118.558) + (Pb (%) x Pb rec. x 28.568) + (Zn (%) x Zn rec. x 42.852). Metallurgical recoveries assumed are 93% for silver, 80% for lead and 79% for zinc, based on historical sulfide floatation tests by Britton, 1977. A reasonable assumption of 80% recovery is applied for copper based on comparable base metal recovery values.

Figure 1: Plan view of the Frogpond Zone showing significant intercepts from 2023 analytical results received and silver equivalent grade bars from 2022-2023 drill holes.

Table 2: 2023 Drill Hole Locations

Hole ID Easting Northing Depth
(m) Azimuth Dip Hole
type

HER-23-01 511432 4956616 148.71 210.36 -76.77 Core

HER-23-02 511342 4956557 83.48 30.31 -44.92 Core

HER-23-03 511341 4956558 139.32 41.99 -57.31 Core

HER-23-04 511289 4956584 71.93 29.71 -70.36 Core

HER-23-05 511231 4956639 435.32 69.78 -70.06 Core

Blind Porphyry Copper System

2022 field work by the Company previously demonstrated the potential for a porphyry copper system hosted within the underlying Seven Devils Group volcanics, exposed on the east side of the Property. IP geophysical surveying conducted over the silver system on the west side of the Property however returned a large chargeability anomaly below the limit of historical drilling, which is open in several directions. Blind drilling across 1.2 kilometers of the chargeability anomaly has now returned strong alteration, veining, and mineralization, consistent with the margins of a porphyry copper system and early observations demonstrate it’s considerably larger and more intense than was first interpreted from surface exposures. A simplified description of the current geological interpretation follows.

A shallow west-dipping thrust fault (shown in red on Figure 2), separates copper-gold-molybdenum bearing Seven Devils volcanics (the “Lower Plate”) to the east from silver-lead-zinc-manganese bearing volcanics, including the Hercules Rhyolite (the “Upper Plate”), to the west. East of this thrust, several known copper-gold targets, including the Big Cut Skarn, Lightning Breccia, and Metheny Zones are exposed at surface. West of the shallow-dipping thrust, the copper-gold system appears to also underlie the majority of the silver-lead-zinc-manganese bearing Upper Plate rocks at moderate depths of just 100-300 meters.

Quartz-sericite-pyrite (“phyllic”) alteration has now been intersected in all deep holes. Phyllic alteration typically manifests as an outer shell of highly chargeable pyrite with copper mineralization, surrounding an inner shell of stronger copper mineralization with lesser chargeable pyrite. Early modeling of the four widely-spaced holes suggests a potential vector to the west, guided largely by alteration sequences in drill core and variations in the ratio of chalcopyrite:pyrite. Upcoming holes are therefore designed to step west of the phyllic halo, into a neighboring region of moderate chargeability, which may represent increasing chalcopyrite relative to pyrite (Figure 2).

Further IP geophysical surveying is scheduled to commence at the end of September. The 2022 survey was originally designed to cover just the strongest portion of the near-surface silver system. Given current indications for the potential size of the porphyry copper system, the survey will be expanded significantly. It will be expanded east to test for additional centers at depth across several kilometers of strong surface mineralization. It will also be expanded west, where current drilling shows increasing alteration and mineralization below the silver system.

Figure 2: Potential alteration zonation, interpreted from observations in 4 deep drill holes across 1.2 kilometers, and IP chargeability at 200 meters below surface. Further IP surveying is planned to the east, where other centers may exist to alter this interpretation, as well as to the west where current drilling indicates increasing alteration/mineralization. Two planned holes are shown in white, to test increasing alteration to the west, and more moderate chargeability which may represent increasing chalcopyrite relative to pyrite.

Sample Analysis and QAQC

All drill core samples were prepped and analyzed at MSA Labs in Langley, British Columbia, an ISO 17025 and ISO 9001 certified laboratory. Samples were dried and crushed to 2mm, from which a 250g sub-sample split was then pulverized to 85% passing a 75 micron sieve. Following preparation, assays were determined by the IMS-230 method. A 0.25g aliquot of the prepared pulp was digested in a 4-acid solution consisting of hydrochloric, nitric, perchloric and hydrofluoric acids. 4-acid is a near total digest and only the most highly resistant minerals are not dissolved. The resulting solution was analyzed via ICP-MS and ICP-ES for 48 elements and was corrected for inter-element spectral interferences. Lower detection limits for this procedure are 0.01 ppm for silver, 0.5 ppm for lead, 2 ppm for zinc, and 0.2 ppm for copper. Mercury is not reported due to volatilization in reaction with hydrofluoric acid and gold is not reported due to the small, 0.25g aliquot size being insufficient to overcome the nugget effect.

Samples with initial results beyond the upper detection limit of the IMS-230 method were analyzed by procedures ICF-6Ag, ICF-6Pb and ICF-6Zn. The thresholds were 100 ppm for silver, and >1% for lead and zinc. Preliminary silver assays that returned values >1000 ppm were determined by fire assay with a 50g charge for the final result.

MSA Labs employs internal quality control standards, duplicates and blank samples at set frequencies.

Blind certified reference materials (CRMs) and blank samples were systematically inserted by the Company into the sample stream and analyzed as part of the Company’s quality assurance/quality control protocol.

Qualified Person

The scientific and technical information in this news release has been reviewed and approved for disclosure by Christopher Longton BS, CPG, Hercules’ Vice President, Exploration. Mr. Longton is a “Qualified Person” for Hercules Silver within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

About Hercules Silver Corp.

Hercules Silver Corp. is a junior mining company focused on the exploration and development of the 100% owned Hercules Silver Project, northwest of Cambridge, Idaho.

The Hercules project is a disseminated silver-lead-zinc system with 28,000 meters of historical drilling across 3.5 kilometers of strike. The Company is well positioned for growth through the drill bit, having completed extensive surface exploration consisting of soil & rock sampling, geological mapping, IP geophysics.

The Company’s management team brings significant exploration experience through the discovery and development of numerous precious metals projects worldwide.

For further information please contact:

Chris Paul
CEO & Director
Telephone +1 (604) 449-6819
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. Any securities referred to herein have not and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws of an exemption from such registration is available.

Disclaimer for Forward-Looking Information

This news release contains certain information that may be deemed “forward-looking information” with respect to the Company within the meaning of applicable securities laws. Such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information includes statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.

Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by its nature, forward-looking information involves assumptions and known and unknown risks, uncertainties and other factors which may cause our actual results, level of activity, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.

Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; the Covid-19 pandemic; adverse industry events; the receipt of required regulatory approvals and the timing of such approvals; that the Company maintains good relationships with the communities in which it operates or proposes to operate, future legislative and regulatory developments in the mining sector; the Company’s ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of the Company to implement its business strategies; competition; the risk that any of the assumptions prove not to be valid or reliable, which could result in delays, or cessation in planned work, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company’s expectations, as well as other assumptions risks and uncertainties applicable to mineral exploration and development activities and to the Company, including as set forth in the Company’s public disclosure documents filed on the SEDAR website at www.sedar.com.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF HERCULES SILVER AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE HERCULES SILVER MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

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 press release.

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September 8, 2023

Opawica Exploration Engages ALS Goldspot Discoveries to Develop High Priority Drill Targets on the Bazooka Project

2023-09-07 06:13:44

Vancouver, B.C. – TheNewswire – September 7, 2023 – Opawica Explorations Inc. (TSXV:OPW) (FSE:A2PEAD) (OTC:OPWEF) (the “Company” or “Opawica”) is pleased to announce that it has engaged ALS GoldSpot Discoveries Ltd. (“ALS GoldSpot”) to develop drill targets on the Bazooka Property in the Quebec Abitibi greenstone belt. GoldSpot will utilize the recent exploration programs undertaken by Opawica along with a large, collaborative team of geoscientists and data scientists focused on maximizing the chances of discovery using ALS Goldspot’s proprietary technology and geoscience expertise.

Blake Morgan, chief executive officer of Opawica stated, “The team is thrilled to be moving ahead in conjunction with ALS GoldSpot to develop new high priority drill targets on the Bazooka property for the phase two drill program.

Over the past 24 months we have gained a wealth of knowledge with over $4,000,000 invested and 80% of all our drill holes containing gold from low to high grade. Now due to the large volume of geophysical work taken place on the property since our phase 1 drill program, including airborne magnetic, down hole magnetics and Induced Polarization geophysical methods. The information we have gained is extraordinary as it relates to the Bazooka property.

We will use this knowledge to tap into what we believe could be a world class deposit in one of the most established mining jurisdictions in the world. With only 15% of the Property explored, the room for growth could be astronomical. The Agnico Eagle acquisition of Yámana confirms that we are in an extremely high demand region, with multiple active mines contiguous to our claims.

About the Bazooka, Quebec Abitibi

The Bazooka project is contiguous to the southwestern border of Yamana Gold’s Wasamac gold property that has existing proven and probable mineral reserves of 1.8 million ounces of gold at 2.56 grams per tonne. Wasamac has proven 1,028,000 tonnes at 2.66 g/t Au and probable of 20,427,000 tonnes at 2.56 g/t Au (Yamana Gold press release Jan. 21, 2021). Mineralization hosted on adjacent and/or nearby and/or geologically similar properties is not necessarily indicative of mineralization hosted on the Company’s properties.

Bazooka drilling in 2003 yielded up to 316.23 g/t Au over one metre in hole BA-03-02A, and 2021-2022 drilling returned 18.7 g/t Au over one metre and 13.7 g/t Au over one point six metre (see press release August 15, 2022).

Mr. Yvan Bussieres, P.Eng., is the qualified person for Opawica and approves the technical content of this news release.

About Opawica Explorations Inc.

Opawica Explorations is a junior Canadian exploration company with a strong portfolio of precious and base metal properties within the Rouyn-Noranda region of the Abitibi gold belt in Quebec and in central Newfoundland and Labrador. The company’s management has a great record in discovering and developing successful exploration projects. The company’s objective is to increase shareholder value through the development of exploration properties using cost-effective exploration practices, acquiring further exploration properties and seeking partnerships by either joint venture or sale with industry leaders.

About ALS GoldSpot Discoveries Ltd.

ALS GoldSpot is the data analytics and consulting arm of ALS Global which leverages Data Analytics, Machine Learning, and numerical modelling to assist mining and exploration clients. ALS GoldSpot offers unique processes to focus exploration efforts, minimize client risk related to exploration targeting, and optimize aspects of conventional resource exploration workflows. For more information visit https://www.alsglobal.com/en/consulting-and-analytics.

Blake Morgan

President and Chief Executive Officer

Opawica Explorations Inc.

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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

Forward-Looking Statements

This news release contains certain forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of the Company’s exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.

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September 7, 2023

Dakota Gold Corp. extends gold mineralization with Drill Hole RH23C-016 intersecting 0.102 oz/ton Au over 77.6 feet (3.50 grams/tonne over 23.7 meters), within the length weighted hole averaging 0.028 oz/ton Au over 1,007 feet (0.95 grams/tonne over 306.9

2023-09-07 02:33:34

Lead, South Dakota–(Newsfile Corp. – September 7, 2023) – Dakota Gold Corp. (NYSE American: DC) (“Dakota Gold” or the “Company”) is pleased to report assays from nine drill holes including RH23C-016 at the Richmond Hill Gold Project (“Richmond Hill”) in South Dakota. RH23C-016 was designed to validate historical drilling and to test for a higher-grade feeder zone associated with Precambrian structures below the known near-surface MW3 Main Zone gold mineralization. The intercepts in RH23C-016 demonstrate that additional Tertiary aged, Precambrian hosted gold mineralization is present in the basement rocks underlying the Paleozoic cover rocks; which were the primary focus of historical drilling in the northern half of the Richmond Hill property.

Highlights (See Table 1):

RH23C-016 intersected 0.102 oz/ton Au over 77.6 feet (3.50 grams/tonne over 23.7 meters) below the historical drilling at Richmond Hill. The intercept is possibly a feeder to the overlying MW3 Main Zone mineralization and adds a new exploration target at Richmond Hill. When length weighted, RH23C-016 had an average grade of 0.028 oz/ton Au (0.95 grams/tonne) over the 1,007 feet (306.9 meters) drill hole.

RH23C-015 intersected 0.055 oz/ton Au over 61.5 feet (1.89 grams/tonne over 18.7 meters) and 0.036 oz/ton Au over 196.1 feet (1.23 grams/tonne over 59.8 meters) of Tertiary gold mineralization validating historical drill intercepts.

The Company has completed the validation/metallurgical drill program at Richmond Hill and is awaiting assay results for the final drill holes before selecting metallurgical samples. The Company plans to return to exploration and step-out drilling now that the validation/metallurgical program has been completed.

James Berry, Vice President Exploration of Dakota Gold, said, “We are pleased with the continuing success of our Richmond Hill exploration program. Historical drilling at Richmond Hill indicates several opportunities for gold mineralization in Precambrian hosted breccia pipes, along structures within the Precambrian, and the overlying Cambrian Deadwood Formation. The mineralized basement zones, like those intercepted in RH23C-016, also return higher gold grades and are a great opportunity to improve the gold endowment at Richmond Hill. Identifying and then tracing the structures controlling the high-grade gold mineralization will be a priority for future drilling.”

Exploration Update:

RH23C-016

RH23C-016 was designed to validate historical drilling in the MW3 Main Zone area. The drill hole intersected 0.102 oz/ton Au over 77.6 feet (3.50 grams/tonne over 23.7 meters) within Tertiary fractures in the Precambrian basement rocks, beneath Tertiary replacement mineralization in the Deadwood Formation. When length weighted, RH23C-016 had an average grade of 0.028 oz/ton Au (0.95 grams/tonne) over the 1,007 feet (306.9 meters) drill hole. Step-out drilling is planned along this zone to determine the extent of the basement hosted mineralization.

RH23C-015

RH23C-015 was designed to validate historical drilling in the MW3 Main Zone area. RH23C-015 was angled across a trend of higher-grade assays and extended into the Precambrian basement. The drill hole encountered Tertiary replacement mineralization at 41 feet (12.5 meters), Tertiary breccia mineralization at 155.1 feet (47.3 meters) and Tertiary fractured controlled mineralization in the Precambrian basement at 377.3 feet (115.0 meters).

RH23C-047

RH23C-047 was designed to test the Turnaround Breccia area and intersected 0.053 oz/ton Au over 59.3 feet (1.82 grams/tonne over 18.1 meters) and 0.066 oz/ton Au over 37.6 feet (2.26 grams/tonne over 11.5 meters).

RH23C-049

RH23C-049 was designed as a validation drill hole on the west side of the MW3 Main Zone area and intersected 0.042 oz/ton Au over 10.2 feet (1.44 grams/tonne over 3.1 meters) in Tertiary fractured Precambrian basement.

RH23C-050

RH23C-050 was designed as a validation drill hole beneath the historical Richmond Hill open pit mine. RH23C-050 intersected 0.096 oz/ton Au over 21.2 feet (3.29 grams/tonne over 6.5 meters) in Tertiary fractures and breccias in the Precambrian basement.

RH23C-052

RH23C-052 was designed to test the northern end of the MW3 East Zone area. The upper intervals were Tertiary mineralization hosted in the Cambrian Deadwood Formation. The lower intercept was in Precambrian hosted Tertiary gold mineralization.

RH23C-053

RH23C-053 was designed to test the MW3 East Zone area and encountered Deadwood Formation hosted gold mineralization. The lower intercept of 0.106 oz/ton Au over 27.7 feet (3.63 grams/tonne over 8.4 meters) was within the lower Deadwood Formation and extends higher grade mineralization intersected in the historical drilling to the north.

Table 1. RH23C-015, RH23C-016, RH23C-047, RH23C-048, RH23C-049, RH23C-050, RH23C-051, RH23C-052, and RH23C-053 Drill Results (Imperial / Metric Units)

Hole # From To Depth Interval* Gold From To Depth Interval* Gold Mineral Type

ft ft ft ft oz/ton m m m m g/t

RH23C-015 41 102.5 34.4 61.5 0.055 12.5 31.2 10.5 18.7 1.89 TꞒd

155.1 351.2 123.0 196.1 0.036 47.3 107.0 37.5 59.8 1.23 Bx

377.3 400.1 296.5 22.8 0.041 115.0 122.0 90.4 6.9 1.41 TpꞒ

RH23C-016 0.0 77.7 0.0 77.7 0.026 0.0 23.7 0.0 23.7 0.89 TꞒd

87.3 101.0 87.3 13.7 0.056 26.6 30.8 26.6 4.2 1.92 TpꞒ

111.3 166.0 111.3 54.7 0.034 33.9 50.6 33.9 16.7 1.17 TpꞒ

180.4 258.0 180.4 77.6 0.102 55.0 78.6 55.0 23.7 3.50 TpꞒ

403.6 420.4 403.6 16.8 0.064 123.0 128.1 123.0 5.1 2.19 TpꞒ

436.6 452.9 436.6 16.3 0.034 133.1 138.0 133.1 5.0 1.17 TpꞒ

560.9 618.0 560.9 57.1 0.028 171.0 188.4 171.0 17.4 0.96 TpꞒ

703.3 715.0 703.3 11.7 0.030 214.4 217.9 214.4 3.6 1.03 TpꞒ

743.4 765.3 743.4 21.9 0.040 226.6 233.3 226.6 6.7 1.37 TpꞒ

812.1 875.0 812.1 62.9 0.053 247.5 266.7 247.5 19.2 1.82 TpꞒ

885.6 948.0 885.6 62.4 0.038 269.9 289.0 269.9 19.0 1.30 TpꞒ

996.9 1007.0 996.9 10.1 0.027 303.9 306.9 303.9 3.1 0.93 TpꞒ

RH23C-047 0.0 45.5 0.0 45.5 0.016 0.0 13.9 0.0 13.9 0.55 Tert

113 172.3 108.6 59.3 0.053 34.4 52.5 33.1 18.1 1.82 TpꞒ

192.7 230.3 188.6 37.6 0.066 58.7 70.2 57.5 11.5 2.26 TpꞒ

276.2 286.6 256.8 10.4 0.017 84.2 87.4 78.3 3.2 0.58 Bx

515.8 545.9 454.7 30.1 0.022 157.2 166.4 138.6 9.2 0.75 TpꞒ

1219.4 1254.4 1037.5 35.0 0.053 371.7 382.3 316.2 10.7 1.82 Bx

RH23C-048 89.7 99.8 80.5 10.1 0.017 27.3 30.4 24.5 3.1 0.58 Bx

140.5 187.4 115.5 46.9 0.018 42.8 57.1 35.2 14.3 0.62 Bx

213.3 238.6 180.6 25.3 0.022 65.0 72.7 55.0 7.7 0.75 Bx

249.0 275.0 210.8 26.0 0.021 75.9 83.8 64.3 7.9 0.72 Bx

335.5 379.7 284.3 44.2 0.021 102.3 115.7 86.7 13.5 0.72 Bx

538.5 548.4 454.5 9.9 0.058 164.1 167.2 138.5 3.0 1.99 TpꞒ

RH23C-049 124.7 139.8 104.5 15.1 0.032 38.0 42.6 31.9 4.6 1.10 TpꞒ

320.3 374.8 281.2 54.3 0.030 97.6 114.2 85.7 16.6 1.03 TpꞒ

399.9 420.1 347.8 20.2 0.021 121.9 128.0 106.0 6.2 0.72 TpꞒ

445.0 455.2 394.4 10.2 0.042 135.6 138.7 120.2 3.1 1.44 TpꞒ

RH23C-050 121.3 151.8 62.7 30.5 0.035 37.0 46.3 19.1 9.3 1.20 Tert

160.3 171.2 80.1 10.9 0.026 48.9 52.2 24.4 3.3 0.89 TꞒd

271.4 282.9 132.2 11.5 0.033 82.7 86.2 40.3 3.5 1.13 TpꞒ

344.0 365.2 175.3 21.2 0.096 104.9 111.3 53.4 6.5 3.29 TpꞒ

930.3 942.9 521.8 12.6 0.023 283.6 287.4 159.0 3.8 0.79 TꞒd

RH23C-051 551.6 562.5 489.6 10.9 0.032 168.1 171.5 149.2 3.3 1.10 TꞒd

846.0 857.8 697.0 11.8 0.017 257.9 261.5 212.4 3.6 0.58 Tert

876.0 889.9 715.7 13.9 0.039 267.0 271.2 218.1 4.2 1.34 TpꞒ

RH23C-052 109.8 135.0 91.5 25.2 0.031 33.5 41.1 27.9 7.7 1.06 TꞒd

183.1 287.0 155.6 103.9 0.031 55.8 87.5 47.4 31.7 1.06 TꞒd

445.7 475.8 394.4 30.1 0.038 135.8 145.0 120.2 9.2 1.30 TpꞒ

RH23C-053 143.5 199.8 105.0 56.3 0.037 43.7 60.9 32.0 17.2 1.27 TꞒd

239.9 261.9 171.3 22.0 0.015 73.1 79.8 52.2 6.7 0.51 TꞒd

277.0 314.0 197.4 37.0 0.022 84.4 95.7 60.2 11.3 0.75 TꞒd

324.7 352.4 232.5 27.7 0.106 99.0 107.4 70.9 8.4 3.63 TꞒd

Abbreviations in the table include ounces per ton (“oz/ton”); grams per tonne (“g/t”); feet (“ft”); meter (“m”); Tertiary breccia hosted mineralization (“Bx”); Cambrian Deadwood Fm hosted Tertiary mineralization(“TꞒd”); Tertiary intrusive hosted mineralization (“Tert”); and Precambrian hosted Tertiary mineralization (“TpꞒ”).

Figure 1. Plan View of Dakota Gold Corp. Richmond Hill Drill Holes with Highlighted Gold Intercepts.

Figure 2. Cross Section View of Richmond Hill Drill Holes RH23C-015 and RH23C-016.

The Company currently has four drills operating on its properties in the Homestake District of South Dakota, at the Maitland Gold Project (Maitland) and Richmond Hill Gold Project. The Maitland drills are targeting Homestake-hosted and Tertiary gold mineralization and the Richmond Hill drills are targeting Tertiary breccias and replacement mineralization. Richmond Hill is located 2.3 miles west of Maitland and 1.5 miles north of Coeur Mining, Inc.’s Wharf Mine.

About Dakota Gold Corp.

Dakota Gold (NYSE American: DC) is a South Dakota-based responsible gold exploration and development company with a specific focus on revitalizing the Homestake District in Lead, South Dakota. Dakota Gold has high-caliber gold mineral properties covering over 46 thousand acres surrounding the historic Homestake Mine.

The Dakota Gold team is focused on new gold discoveries and opportunities that build on the legacy of the Homestake District and its 145 years of gold mining history.

Subscribe to Dakota Gold’s e-mail list at www.dakotagoldcorp.com to receive the latest news and other Company updates.

Shareholder and Investor Inquiries

For more information, please contact:
Jonathan Awde, President and Chief Executive Officer
Tel: +1 604-761-5251
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Qualified Person and S-K 1300 Disclosure

James M. Berry, a Registered Member of SME and Vice President of Exploration of Dakota Gold Corp., is the Company’s designated qualified person for this news release as defined in Subpart 1300 – Disclosure by Registrants Engaged in Mining Operations of Regulation S-K and has reviewed and approved its scientific and technical content.

The ranges of potential tonnage and grade (or quality) disclosed above in respect of the Richmond Hill Gold Project are conceptual in nature and could change as the proposed exploration activities are completed. There has been insufficient exploration of the Richmond Hill Gold Project to allow for an estimate of a mineral resource and it is uncertain if further exploration will result in the estimation of a mineral resource. The disclosure above in respect of the Richmond Hill Gold Project therefore does not represent, and should not be construed to be, an estimate of a mineral resource or mineral reserve.

Quality Assurance/Quality Control consists of regular insertion of certified reference materials, duplicate samples, and blanks into the sample stream. Check samples will be submitted to an umpire laboratory as the drill program progresses. Assay results are reviewed, and discrepancies are investigated prior to incorporation into the Company database. Samples are submitted to the ALS Geochemistry sample preparation facility in Winnipeg, Manitoba. Gold and multi-element analyses are performed at the ALS Geochemistry laboratory in Vancouver, British Columbia. ALS Minerals is an ISO/IEC 17025:2017 accredited lab.

Forward-Looking Statements

This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on assumptions and expectations that may not be realized and are inherently subject to numerous risks and uncertainties, which could cause actual results to differ materially from these statements. These risks and uncertainties include, among others, the execution and timing of our planned exploration activities, our use and evaluation of historic data, our ability to achieve our strategic goals, the state of the economy and financial markets generally and the effect on our industry, and the market for our common stock. The foregoing list is not exhaustive. For additional information regarding factors that may cause actual results to differ materially from those indicated in our forward-looking statements, we refer you to the risk factors included in Item 1A of the Company’s Annual Report on Form 10-KT for the nine-month transition period ended December 31, 2022, as amended, as updated by annual, quarterly and other reports and documents that we file with the SEC. We caution investors not to place undue reliance on the forward-looking statements contained in this communication. These statements speak only as of the date of this communication, and we undertake no obligation to update or revise these statements, whether as a result of new information, future events or otherwise, except as may be required by law. We do not give any assurance that we will achieve our expectations.

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September 7, 2023

CopAur Minerals Announces Successful Completion of Its Initial 2023 Drill Program at Kinsley Mountain

2023-09-06 06:04:17

Vancouver, British Columbia–(Newsfile Corp. – September 6, 2023) – CopAur Minerals Inc. (TSXV: CPAU) (OTCQX: COPAF) (“CopAur” or the “Company“) is pleased to announce completion of the reverse circulation (RC) and diamond core drilling program at the Company’s flagship Kinsley Mountain Gold Project (the “Kinsley Mountain Project” or “Kinsley Mountain”) in Elko County, Nevada.

A series of seven (7) RC drill holes and three (3) diamond drill holes totalling 2,285 metres were completed at the high-grade Western Flank Zone, Main Pit North, and new Kinsley Ridge target.

All 982 RC samples and all core samples, including QA/QC samples were shipped and have now arrived at ALS Global in North Vancouver, Canada for gold fire-assay and multi-element analysis. The Company is happy to report sample reparation is now complete and results flow, subject to QA/QC verification, is expected to begin soon.

CEO Jeremy Yaseniuk stated, “We are pleased to have completed drilling at Kinsley Mountain. We look forward to receiving results from resource infill core drilling at the Western Flank Zone, the exploration drilling at the Kinsley Ridge zone and the RC drilling at Main Pit North which remains a resource expansion focus given the high-grade near surface oxide gold values intersected there. We should be getting some of the results any day now.”

Image 1: RC Drilling Underway at Main Pit North Target

The Kinsley Project hosts a 43-101 mineral resources that the company and shareholders are looking to upgrade and expand. The Kinsley Project was a historical past producer that yielded 138,000 ounces of near surface open pit oxide gold between 1995-1999.Figure 1. Kinsley Mountain 2023 RC and Diamond Drilling Completed

Technical Report on the Kinsley Project, Elko County, Nevada, U.S.A., dated June 21, 2021, with an effective date of May 5, 2021, and prepared by Michael M. Gustin and Gary L. Simmons, and filed under New Placer Dome Gold Corp.’s issuer profile on SEDAR (www.sedarplus.ca).

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC), Principal and Consultant, and Christopher W. Livingstone, P.Geo. (BC), Senior Geologist, both of APEX Geoscience Ltd. of Edmonton, AB, and “Qualified Persons” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Raffle and Mr. Livingstone have verified the data disclosed which includes a review of the sampling, analytical and test data underlying the information and opinions contained herein.

About CopAur Minerals Inc.

CPAU is an exploration company focused on developing projects within the emerging, mineral-rich mining regions of Nevada and British Columbia. The Company is backed by a dynamic and experienced team of resource professionals advancing multiple holdings across both regions; the flagship being Kinsley Mountain Gold Property, a Carlin-style project located 90 km south of the Long Canyon Mine (currently in production under the Newmont/Barrick Joint Venture, Nevada Gold Mines) and its 100% owned Williams Project that points to significant gold-copper potential within the prolific Golden Horseshoe of northern British Columbia, Canada. (For a full overview of projects please download CopAur Presentation).

On Behalf Of The Board Of Directors,

Jeremy Yaseniuk

Chief Executive Officer

For more information, please contact:

CopAur Minerals Inc.

Jeremy Yaseniuk, Chief Executive Officer & Director
Tel: +1 (604) 773-1467
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Max Sali, Director
Tel: +1 (604) 367-8117
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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

This news release contains forward-looking statements. These statements relate to future events or 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 revised any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

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September 6, 2023

Liberty Gold Reports Additional Drill Results from the Black Pine Oxide Gold Project

2023-09-05 03:05:17

3.40 g/t Au over 32.0 m including 6.74 g/t Au over 9.1 m and 1.41 g/t Au over 22.9 m including 4.28 g/t Au over 6.1 m in the Back Range Zone

0.72 g/t Au over 48.8 m including 2.55 g/t Au over 7.6 m in the Discovery Zone

VANCOUVER, British Columbia, Sept. 05, 2023 (GLOBE NEWSWIRE) — Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) (“Liberty Gold” or the “Company”) is pleased to report the latest assay results from a further 22 holes drilled in the Back Range Zone and the Discovery Zone. These results form part of the ongoing 2023 Reverse Circulation (“RC”) drill exploration program at its Black Pine Oxide Gold Project (“Black Pine”) in southeastern Idaho.

Exploration drilling continued in the third quarter with three RC rigs and one large diameter (“PQ”) core rig active in the main target areas across the project. The key focus for the 2023 program is to add high-grade, near-surface ounces to the existing resource base, collect additional variability samples for metallurgical testwork and upgrade inferred resources to the indicated category, ahead of a pre-feasibility study. Drilling is on schedule for a fourth quarter completion of the approximately 30,000 meters (“m”) planned for 2023.

BACK RANGE HIGHLIGHTS:

3.40 grams per tonne (“g/t”) gold (“Au”) over 32.0 m, including 6.74g/t Au over 9.1 m beginning from 74.7 m downhole in hole LBP945.

1.41 g/t Au over 22.9 m, including 4.28 g/t Au over 6.1 m beginning from 79.3 m downhole in hole LBP943.

Drill results are reported from 15 additional RC drill holes completed in the Back Range Zone, leaving 20 holes with pending assay results. Results clearly demonstrate the strong lateral continuity of gold mineralization at Back Range, especially within the shallow, higher-grade oxide zones. These mineralized zones form a series of stacked subhorizontal lenses dipping slightly to the north.

In particular, results for drill hole LBP945, located in the western margin of the resource area represent one of the best holes drilled to date in the Back Range Zone, with 3.40 g/t Au intercepted over 32 metres an approximate true width of 27 metres. Notably, this intercept was immediately adjacent to the 2023 Resource Pit. Mineralization along the western margin of the Back Range Zone is currently open and additional drill holes to offset the mineralization encountered in hole LBP945 have been completed with assays pending.

Drill results from the northern Back Range Zone confirm the presence of a shallow, ~130 metre thick section of lower-grade oxide gold starting approximately 20 metres below surface. This intercept is open to the north and indicates the significant potential to grow the resource laterally.

Figure 1: Location plan of Back Range Drill holes

Jason Attew, President and CEO of Liberty Gold commented, “These new drill results from Back Range highlight the ongoing growth potential for Black Pine. The Back Range Zone continues to deliver shallow, higher-grade results and remains open in at least two directions. With each new drill program, we are growing our understanding of the geologic controls on the massive gold mineralizing system at Black Pine. Liberty Gold has also recently collared hole number 1,000 at Black Pine. It is a huge accomplishment to have safely and sustainably completed that number of holes since commencing our work in 2017.”

BACKRANGE HIGHLIGHT TABLE*

Hole ID (Az, Dip) (degrees) From (m) To (m) Intercept (m) Au (g/t) Au Cut-Off Hole Length (m)

LBP938 (0, -45) 38.1 76.2 38.1 0.86 0.15 196.6

including 50.3 59.4 9.1 2.12 1.00

LBP942 (15, -45) 73.2 85.3 12.2 0.76 0.15 152.4

including 74.7 76.2 1.5 1.17 1.00

and 91.4 118.9 27.4 0.52 0.15

including 94.5 96.0 1.5 1.32 1.00

LBP943 (90, -45) 79.2 102.1 22.9 1.41 0.15 114.3

including 82.3 88.4 6.1 4.28 1.00

and including 83.8 85.3 1.5 8.45 5.00

LBP945 (270, -45) 0.0 51.8 51.8 0.36 0.15 152.4

including 13.7 16.8 3.0 1.37 1.00

and 74.7 106.7 32.0 3.40 0.15

including 74.7 102.1 27.4 3.88 1.00

and including 79.2 88.4 9.1 6.74 5.00

LBP947* (20, -70) 51.8 62.5 10.7 0.56 0.15 181.4

including 54.9 56.4 1.5 1.06 1.00

and 77.7 109.7 32.0 0.55 0.15

including 96.0 97.5 1.5 2.07 1.00

LBP955* (120, -50) 50.3 59.4 9.1 0.68 0.15 182.88

and 54.9 57.9 3.0 1.15

and 149.4 182.9 33.5 1.36

including 176.8 182.9 6.1 3.32 1.00

LBP957* (75, -45) 19.8 70.1 50.3 0.37 0.15 205.74

and 73.2 149.4 76.2 0.41

including 140.2 144.8 4.6 1.97 1.00

*Please refer to the full table at the link below for complete results. Results are reported as drilled thicknesses, with true thicknesses approximately 50% to 90% of drilled thickness. Gold grades are uncapped. Au (g/t) = grams per tonne of gold. Back Range lies at the lowest structural level of the deposit such that carbonaceous material is frequently encountered at the base of the oxide zone leading to reduced cyanide solubility at depth.

DISCOVERY HIGHLIGHTS:

0.72 g/t Au over 48.8 m, including 2.55 g/t Au over 7.6 m in hole LBP929.

0.62 g/t Au over 30.5 m, and 0.92 g/t Au over 6.1 m in hole LBP944.

Drilling has been completed in the main Discovery Zone for the 2023 program and results are reported for the outstanding seven drillholes. The key focus for this drilling was to target gaps in the resource model ahead of the pre-feasibility study. Results clearly indicate that resource growth is achievable with targeted drilling in and around large blocks of well-drilled oxide gold mineralization.

DISCOVERY ZONE HIGHLIGHT TABLE*

Hole ID (Az, Dip)
(degrees) From (m) To (m) Intercept (m) Au (g/t) Au Cut-Off Hole Length (m)

LBP929 (210, -60) 7.6 16.8 9.1 0.31 0.15 294.1

and 44.2 93.0 48.8 0.72

including 80.8 88.4 7.6 2.55 1.00

LBP944 (160, -58) 29.0 59.4 30.5 0.62 0.15 249.9

including 39.6 41.1 1.5 1.48 1.00

and 89.9 96.0 6.1 0.92 0.15

including 91.4 94.5 3.0 1.66 1.00

*Please refer to the full table at the link below for complete results. Results are reported as drilled thicknesses, with true thicknesses approximately 50% to 90% of drilled thickness. Gold grades are uncapped. Au (g/t) = grams per tonne of gold.

For a map and cross sections showing locations of drill holes in this release click here:
http://ml.globenewswire.com/Resource/Download/f3889a0a-454e-43ba-b58b-8560a2da0289

For a table showing complete drill results for current Liberty Gold drill results at Black Pine, click here:
http://ml.globenewswire.com/Resource/Download/4af957af-f414-4d1f-90df-d69c83f50241

KEY POINTS

All the key resource areas continue to show strong growth through drilling and will contribute to an updated resource study commencing in late 2023.

The 2023 drill program is primarily focused on resource conversion and adding ounces with a goal of defining more than three million ounces in an indicated category.

The core rig is focused on deposit-wide PQ-sized core drilling to support a pre-feasibility level geotechnical study and a Phase 5 metallurgical study.

QUALIFIED PERSON
Peter Shabestari, P.Geo., Vice-President Exploration, Liberty Gold, is the Company’s designated Qualified Person for this news release within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and has reviewed and validated that the information contained in the release is accurate.

ABOUT LIBERTY GOLD

Liberty Gold is focused on exploring for and developing open pit oxide deposits in the Great Basin of the United States, home to large-scale gold projects that are ideal for open-pit mining. This region is one of the most prolific gold-producing regions in the world and stretches across Nevada and into Idaho and Utah. We know the Great Basin and are driven to discover and advance big gold deposits that can be mined profitably in open-pit scenarios.

For more information, visit libertygold.ca or contact:

Susie Bell, Manager, Investor Relations
Phone: 604-632-4677 or Toll Free 1-877-632-4677
This email address is being protected from spambots. You need JavaScript enabled to view it.

QUALITY ASSURANCE – QUALITY CONTROL

Drill composites were calculated using a cut-off of 0.15 g/t Au. Drill intersections are reported as drilled thicknesses. True widths of the mineralized intervals vary between 30% and 100% of the reported lengths due to varying drill hole orientations but are typically in the range of 50% to 90% of true width. Drill samples were assayed by ALS Limited in Reno, Nevada for gold by Fire Assay of a 30 gram (1 assay ton) charge with an AA finish, or if over 5.0 g/t Au were re-assayed and completed with a gravimetric finish. For these samples, the gravimetric data were utilized in calculating gold intersections. For any samples assaying over 0.10 parts per million an additional cyanide leach analysis is done where the sample is treated with a 0.25% NaCN solution and rolled for an hour. An aliquot of the final leach solution is then centrifuged and analyzed by Atomic Absorption Spectroscopy. QA/QC for all drill samples consists of the insertion and continual monitoring of numerous standards and blanks into the sample stream, and the collection of duplicate samples at random intervals within each batch. Selected holes are also analyzed for a 51 multi-element geochemical suite by ICP-MS. ALS Geochemistry-Reno is ISO 17025:2005 Accredited, with the Elko and Twin Falls prep lab listed on the scope of accreditation.

All statements in this press release, other than statements of historical fact, are “forward-looking information” with respect to Liberty Gold within the meaning of applicable securities laws, including statements that address potential quantity and/or grade of minerals, the potential size of the mineralized zone, the proposed timing of exploration and development plans, the expansion and future resource growth expected at Black Pine, expected capital costs at Black Pine, expected gold recoveries from the Black Pine mineralized material, the potential upgrade of inferred mineral resources to measured and indicated mineral resources, the potential for future additions to the current mineral resource estimate, the 2023 work program and the results thereof, the timing and results of any resource updates and the planned development work at Black Pine. Forward-looking information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “planned”, “expect”, “project”, “predict”, “potential”, “targeting”, “intends”, “believe”, “potential”, and similar expressions, or describes a “goal”, or variation of such words and phrases or state that certain actions, events or results “may”, “should”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management at the date the statements are made including, among others, assumptions about future prices of gold, and other metal prices, currency exchange rates and interest rates, favourable operating conditions, political stability, obtaining governmental approvals and financing on time, obtaining renewals for existing licenses and permits and obtaining required licenses and permits, labour stability, stability in market conditions, availability of equipment, the availability of drill rigs, successful resolution of disputes and anticipated costs and expenditures. Many assumptions are based on factors and events that are not within the control of Liberty Gold and there is no assurance they will prove to be correct.

Such forward-looking information, involves known and unknown risks, which may cause the actual results to be materially different from any future results expressed or implied by such forward-looking information, including, risks related to the interpretation of results and/or the reliance on technical information provided by third parties as related to the Company’s mineral property interests; changes in project parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; the costs and timing of the development of new deposits; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; the timing and success of exploration activities generally; the timing of the publication of any updated resources; delays in permitting; possible claims against the Company; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals, financing or in the completion of exploration as well as those factors discussed in the Annual Information Form of the Company dated March 28, 2023 in the section entitled “Risk Factors”, under Liberty Gold’s SEDAR profile at www.sedar.com.

Although Liberty Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Liberty Gold disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

Cautionary Note for United States Investors

The information in this news release, including any information incorporated by reference, and disclosure documents of Liberty Gold that are filed with Canadian securities regulatory authorities concerning mineral properties have been prepared in accordance with the requirements of securities laws in effect in Canada, which differ from the requirements of United States securities laws.

Without limiting the foregoing, these documents use the terms “measured resources”, “indicated resources”, “inferred resources” and “probable mineral reserves”. Shareholders in the United States are advised that, while such terms are defined in and required by Canadian securities laws, the United States Securities and Exchange Commission (the “SEC”) does not recognize them. Under United States standards, mineralization may not be classified as a reserve unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. United States investors are cautioned not to assume that all or any part of measured or indicated resources will ever be converted into reserves. Further, inferred resources have a great amount of uncertainty as to their existence and as to whether they can be mined legally or economically. It cannot be assumed that all or any part of the inferred resources will ever be upgraded to a higher resource category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility, pre-feasibility or other technical reports or studies, except in rare cases. Therefore, United States investors are also cautioned not to assume that all or any part of the inferred resources exist, or that they can be mined legally or economically. Disclosure of contained ounces is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report resources as in place tonnage and grade without reference to unit measures. Accordingly, information concerning descriptions of mineralization and resources contained in these documents may not be comparable to information made public by United States companies subject to the reporting and disclosure requirements of the SEC.

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September 5, 2023

Lithium Corporation Reports Promising Summer Drill Campaign Results

2023-08-31 06:24:11

ELKO, NV / ACCESSWIRE / August 31, 2023 / Lithium Corporation (OTCQB:LTUM) (“LTUM” or “the Company”), a North American exploration mining company focused on energy metals for the growing energy storage sector and high-tech industries, is pleased to announce the July 2023 sonic drilling campaign at the Company’s North Big Smoky Carvers Nevada lithium project returned promising assay results of up to 230ppm in the claystone and sediments.

The sonic drilling campaign was carried out by Morella Corporation (ASX:1MC), Lithium Corporation’s single largest shareholder and Optionee on the prospect. Morella has been actively exploring the property, conducting various geochemical and geophysical surveys during the past eighteen months as part of their bid to earn an initial 60% interest in the project under the Option agreement. Now planning a deeper drilling program, James Brown, Managing Director, Morella Corp. reports being “… excited to test the deeper brine target given the results of the drilling, and previous surface sampling and Magnetotelluric work”.

Morella utilized Cascade Drilling for the program of four sonic drill holes drilled to varying depths between 227 feet (69.19 meters) to 564 feet (171.89 meters) subsurface for a total of 1,723 feet (525.14 meters) drilled. Anomalous results in clays up to 230 ppm lithium were encountered, with the best intercept of clay mineralization being 19 feet (5.79 meters) of 111 ppm lithium.

No significant anomalous lithium-in-brine was encountered, however none was expected to occur at these shallow depths except perhaps if a hole were drilled immediately adjacent to, or through, a fault.

Conditions at North Big Smoky are akin to those found in more northerly playas which were inundated during the Lahontan era (110,000 – 10,000 years before present) by several hundred feet of fresh water. During this wet climatic epoch, sedimentation was accelerated with hundreds of feet of fresh water entrained clayey sediments accumulating in these basins, masking the nature of the lithium enriched clays and brines from the long, very much drier pre-Lahontan period. This interpretation coincides well with the results of the earlier Magnetotelluric geophysical survey, which appears to indicate brine mineralization occurs at depths greater than those drilled to date. CARSD 23-01, the deepest hole drilled during this program, encountered anomalous lithium mineralization in sediments in the bottom 17′ (5.18 meters) that may be indicative of a transition from the Lahontan era sedimentation to that of the stable, better mineralized pre-Lahontan paleosurface.

Morella is currently planning a reflection seismic geophysical survey to gain a better understanding of faulting and structure within the basin prior to selecting drill hole locations for an upcoming deeper drilling program.

For a detailed description of the results please view Morella’s August 29th release at the below link:

https://wcsecure.weblink.com.au/pdf/1MC/02703676.pdf

Learn more about Lithium Corporation’s North Big Smoky prospect and the Company’s complete portfolio of lithium, graphite, rare earth elements and titanium prospects at the link below:

https://lithiumcorporation.com/projects/north-big-smoky/

About Lithium Corporation
Lithium Corporation, a Nevada based mining exploration company, is one of a handful of Project Generators in the critical minerals space in North America. The Company’s dual operational focuses cover exploration activities on several lithium prospects in Nevada, USA, as well as titanium/rare earth elements & graphite properties in British Columbia, Canada. Lithium Corp. has maintained a strategic alliance with Morella Corporation (the Company’s single largest shareholder) for the past nine years and, apart from the North Big Smoky agreement, also has a formal agreement with Morella covering earn-ins on the Company’s Fish Lake Valley lithium-in-brine prospect in Esmeralda County, Nevada.

Website: www.lithiumcorporation.com

Contact Info
Tom Lewis, CEO
775-410-5287
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About Morella Corporation

Morella is an exploration and resource development company focused on lithium and battery minerals. Morella is currently engaged in exploration, resource definition and development activities with projects strategically located in Tier 1 mining jurisdictions in both Australia and the United States. Morella will secure and develop lithium raw materials to support the surging demand for battery minerals, critical in enabling the global transition to green energy.

Website: www.morellacorp.com

Contact Info
James Brown, Managing Director
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August 31, 2023
Patriot Battery Metals Provides Drill Program Update at its Corvette Property, Quebec, Canada

2023-08-28 18:18:41

VANCOUVER, BC, Aug. 28, 2023 /CNW/ – (SYDNEY, Aug. 29, 2023)

Highlights

A total of approximately 35 holes and 10,100 m have been completed to date since the start of the summer-fall drill program with a goal to expand the current 109.2 Mt at 1.42% Li₂O inferred resource¹.

Four (4) drill rigs active at site, planned to be increased to five (5) by month end, and to seven (7) by mid-September.

Two (2) rigs active over westward extension of CV5, one (1) rig active over the eastern portion of CV5, and one (1) rig active at CV13.

Two (2) rigs continue to drill at 50 to 100 m spacings over the westward extension of CV5 towards CV13. The most westerly reported drill hole to date at CV5 returned 101.5 m at 0.86% Li₂O (CV23-184, see news release dated July 10, 2023).

One (1) barge mounted rig at the eastern end of CV5 to convert unclassified mineralisation into resource (i.e., mineralised pegmatite outside resource current pit constraints).

One (1) rig at CV13 focused on step-out delineation drilling along the collective ~2.3 km trend of spodumene pegmatite outcrop. Maiden drill testing returned results including 22.6 m at 1.56% Li₂O (CV22-092, see news release dated February 13, 2023).

Next three (3) rigs to support continued extension drilling at CV5, continued delineation drilling at CV13, and maiden drill testing of the CV9 Spodumene Pegmatite.

The NI 43-101 Technical Report on the CV5 mineral resource estimate is proceeding as scheduled and will be filed in the first half of September. Due to coordination of ramp-up activities on site, coupled with pending completion and filing of the technical report, the announcement of new drill hole results will follow shortly thereafter in September.

As of August 24, 2023, the traffic restrictions caused by local wildfires have been lifted. roads in the area, including the Trans-Taiga Road and Billy Diamond Highway, are once again open to traffic.

Darren L. Smith, Company Vice President of Exploration, comments: “With our maiden mineral resource estimate at CV5 behind us pending filing of the technical report, confirming it as a Tier 1 world class lithium pegmatite deposit, and access re-opening to the region, we are focused on a coordinated ramp-up of our exploration and development activities on site. It has been a very challenging summer for the region; however, we are well positioned to make up for some of the lost time.”

Blair Way, Company President and CEO, comments: “With $150 million in the treasury, we have a busy year ahead of us. It took just shy of 60,000 metres and $45 million of expenditures to deliver 100% ownership of the Property and the maiden CV5 mineral resource, so there is a lot to look forward to at the Corvette Property. ”

Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX-V: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to provide an update on its drilling activities at its wholly owned Corvette Property (the “Property”), located in the Eeyou Istchee James Bay region of Quebec. The Property hosts the CV5 spodumene pegmatite (maiden mineral resource of 109.2 Mt at 1.42% Li₂O inferred¹), one of the largest lithium pegmatites in the world, located approximately 13.5 kilometres south of the regional and all-weather Trans-Taiga Road and power line infrastructure corridor, and within 50 km of the La-Grande 4 (LG4) hydroelectric dam complex.

Since recommencing exploration at the Property in early August, the Company has coordinated a steady ramp-up of its drilling activities on site. The Company has drilled more than 10,000 m already this summer even with the wildfires. Two (2) drill rigs are focused on 50 to 100 m spaced step-outs westward at the CV5 Spodumene Pegmatite towards CV13, and one (1) rig on continued delineation at the CV13 Spodumene Pegmatite. A fourth, barge mounted drill rig, has commenced drilling over the near-surface eastern areas of CV5. This latter area was not included in the maiden mineral resource estimate’s block model (see news release dated July 30, 2023). The Company anticipates adding a fifth rig (barge mounted) by months end to drill areas of CV5 that are difficult to access by land or ice. Another two (2) rigs are scheduled to commence drilling by mid-September with the first being deployed at CV13, and the second for initial drill testing at the CV9 Spodumene Pegmatite cluster. This will bring the total number of active diamond drill rigs on site to seven (7) with activity focused at the CV5, CV13, and CV9 spodumene pegmatites.

Additionally, the Company notes that the NI 43-101 Technical Report on the CV5 mineral resource estimate is proceeding as scheduled and will be filed in the first half of September. Due to coordination of ramp-up activities on site, coupled with pending completion and filing of the technical report, the announcement of new drill hole results will follow shortly thereafter in September. This is applicable for all 2023 summer drill holes completed to date.

Traffic restrictions caused by local wildfires that have been in place to one extent or another since the end of May 2023 have been lifted. As of August 24, 2023, all roads in the area, including the Trans-Taiga Road and Billy Diamond Highway, have reopened to traffic.

The Company looks forward to resuming its regular program updates, including drill results, following filing of the NI 43-101 Technical Report on the maiden mineral resource estimate for the CV5 Spodumene Pegmatite. The CV5 Spodumene Pegmatite hosts an inferred mineral resource¹ of 109.2 Mt at 1.42% Li₂O and 160 ppm Ta₂O₅, at a cut-off of 0.40% Li₂O, which ranks it as the largest lithium pegmatite resource in the Americas (based on contained LCE) and the 8^th largest lithium pegmatite mineral resource in the world (see news release dated July 30, 2023).

CV5 mineral resource estimate (109.2 Mt at 1.42% Li₂O and 160 ppm Ta₂O₅ inferred) is reported at a cut-off grade of 0.40% Li₂O with effective date of June 25, 2023. Mineral resources are not mineral reserves as they do not have demonstrated economic viability.

About the CV Lithium Trend

The CV Lithium Trend is an emerging spodumene pegmatite district discovered by the Company in 2017 and is interpreted to span more than 50 kilometres across the Corvette Property. The core area includes an approximate 3.7-km long spodumene pegmatite (the ‘CV5 Pegmatite’) and multiple proximal secondary spodumene pegmatite lenses.

To date, seven (7) distinct clusters of lithium pegmatite have been discovered across the Corvette Property – CV4, CV5, CV8, CV9, CV10, CV12, and CV13. Given the proximity of some pegmatite outcrops to each other, as well as the shallow till cover in the area, it is probable that some of the outcrops may reflect a discontinuous surface exposure of a single, larger pegmatite ‘outcrop’ subsurface. Further, the high number of well-mineralized pegmatites along the trend indicate a strong potential for a series of relatively closely spaced/stacked, sub-parallel, and sizable spodumene-bearing pegmatite bodies, with significant lateral and depth extent, to be present.

Qualified/Competent Person

The information in this news release that relates to exploration results for the Corvette Property is based on, and fairly represents, information compiled by Mr. Darren L. Smith, M.Sc., P.Geo., who is a Qualified Person as defined by National Instrument 43-101, and member in good standing with the Ordre des Géologues du Québec (Geologist Permit number 1968), and with the Association of Professional Engineers and Geoscientists of Alberta (member number 87868). Mr. Smith has reviewed and approved the technical information in this news release.

Mr. Smith is Vice President of Exploration for Patriot Battery Metals Inc. and holds common shares and options in the Company.

Mr. Smith has sufficient experience, which is relevant to the style of mineralization, type of deposit under consideration, and to the activities being undertaken to qualify as a Competent Person as described by the JORC Code, 2012. Mr. Smith consents to the inclusion in this news release of the matters based on his information in the form and context in which it appears.

About Patriot Battery Metals Inc.

Patriot Battery Metals Inc. is a hard-rock lithium exploration company focused on advancing its district-scale 100% owned Corvette Property located in the Eeyou Istchee James Bay region of Quebec, Canada, and proximal to regional road and powerline infrastructure. The Corvette Property hosts the CV5 Spodumene Pegmatite with a maiden inferred mineral resource estimate¹ of 109.2 Mt at 1.42% Li₂O and ranks as the largest lithium pegmatite resource in the Americas based on contained LCE, and one of the top 10 largest lithium pegmatite resources in the world. Additionally, the Corvette Property hosts multiple other spodumene pegmatite clusters that remain to be drill tested, as well as more than 20 km of prospective trend that remain to be assessed.

Mineral resources are not minerals reserves as they do not have demonstrated economic viability. The Effective Date of the mineral resource estimate is June 25, 2023 (through drill hole CV23-190) and base case cut-off grade 0.40% Li₂O.

For further information, please contact us at This email address is being protected from spambots. You need JavaScript enabled to view it. or by calling +1 (604) 279-8709, or visit www.patriotbatterymetals.com. Please also refer to the Company’s continuous disclosure filings, available under its profile at www.sedarplus.ca and www.asx.com.au, for available exploration data.

This news release has been approved by the Board of Directors,

“BLAIR WAY“
Blair Way, President, CEO, & Director

Disclaimer for Forward-Looking Information

This news release contains “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws and other statements that are not historical facts. Forward-looking statements are included to provide information about management’s current expectations and plans that allows investors and others to have a better understanding of the Company’s business plans and financial performance and condition.

All statements, other than statements of historical fact included in this news release, regarding the Company’s strategy, future operations, financial position, prospects, plans and objectives of management are forward-looking statements that involve risks and uncertainties. Forward-looking statements are typically identified by words such as “plan”, “expect”, “estimate”, “intend”, “anticipate”, “believe”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. In particular and without limitation, this news release contains forward-looking statements pertaining to the summer-fall drilling program and the completion and publication of Company’s technical report comprising the maiden mineral resource estimate in respect of the Corvette Lithium Project.

Forward-looking information is based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such information or statements. There can be no assurance that such information or statements will prove to be accurate. Key assumptions upon which the Company’s forward-looking information is based include the total funding required to complete the Company’s Corvette Lithium Project, including the drilling program.

Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Forward-looking statements are also subject to risks and uncertainties facing the Company’s business, any of which could have a material adverse effect on the Company’s business, financial condition, results of operations and growth prospects. Some of the risks the Company faces and the uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements include, among others, the ability to execute on plans relating to the Company’s Corvette Lithium Project, including the timing thereof. In addition, readers are directed to carefully review the detailed risk discussion in the Company’s most recent Annual Information Form filed on SEDAR+, which discussion is incorporated by reference in this news release, for a fuller understanding of the risks and uncertainties that affect the Company’s business and operations.

Although the Company believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. As such, these risks are not exhaustive; however, they should be considered carefully. If any of these risks or uncertainties materialize, actual results may vary materially from those anticipated in the forward-looking statements found herein. Due to the risks, uncertainties and assumptions inherent in forward-looking statements, readers should not place undue reliance on forward-looking statements.

Forward-looking statements contained herein are presented for the purpose of assisting investors in understanding the Company’s business plans, financial performance and condition and may not be appropriate for other purposes.

The forward-looking statements contained herein are made only as of the date hereof. 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 to the extent required by applicable law. The Company qualifies all of its forward-looking statements by these cautionary statements.

Competent Person Statement (ASX Listing Rule 5.22)

The mineral resource estimate in this release was reported by the Company in accordance with ASX Listing Rule 5.8 on July 31, 2023. The Company confirms it is not aware of any new information or data that materially affects the information included in the previous announcements and that all material assumptions and technical parameters underpinning the estimates in the previous announcements continue to apply and have not materially changed.

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August 28, 2023

Equity Metals Returns 55.2g/t Gold and 5,049g/t Silver from Outcrop Sampling on the Cole Lake Target, Silver Queen Project, BC; Crews Mobilizing to Resume Drill program; Corporate Update

2023-08-28 09:01:26

Vancouver, British Columbia–(Newsfile Corp. – August 28, 2023) – Equity Metals Corporation (TSXV: EQTY) (“Equity”) reports results from its June 2023 surface rock and soil sampling program on the Silver Queen property, British Columbia. Select surface chip samples from the Cole Lake and Barite veins assay up to:

55.2g/t Au, 5,049g/t Ag, 3.2% Pb and 0.12% Zn from the Cole Lake Vein;

1,736g/t Ag, 22.7% Pb and 1.2% Zn from the Cole Lake Vein; and

6.0g/t Au and 69g/t Ag and 1.9% Zn from the Barite Vein.

The samples were collected from clusters of narrow quartz-barite veins in strongly weathered (gossanous) outcrops at the Cole Lake target. Three samples were collected from outcrop along the previously mapped projection of the Cole Lake Vein and five samples were collected from a small cluster of outcrops along the subparallel Barite Vein, located 150 metres to the southwest. Individual veins within the clusters are up to 10cm thick and consist of white chalcedonic quartz, bladed barite and aggregates of fine to medium-grained galena and brown sphalerite.

The assays confirm the high-grade potential of both veins, which were extensively trenched, mapped and sampled in the 1970’s and 1980’s. Although the data survives, the trenches have been largely remediated.

Shallow historic drilling on the Cole Lake vein returned multiple intervals of strongly enriched precious metals, including:

a 2.5m interval grading 2.4g/t Au, 638g/t Ag, 1.3% Cu, 2.2% Pb and 5.5% Zn within a broader 11.9m interval averaging 1.3g/t Au, 141g/t Ag, 1.3% Cu, 0.5% Pb and 1.2% Zn (4.3g/t AuEq or 390g/t AgEq) from historic drill hole NGVF-1; and

a 0.7m interval averaging 3.8g/t Au, 209g/t Ag 0.11% Cu, 5.9% Pb, 13.9% Zn (18.0g/t AuEg or 1,622g/t AgEq) from historic drill hole F-8.

The Cole Lake vein will be the primary target of the next phase of drilling, which is scheduled to begin in early September. Up to 3,000 metres of drilling is planned to test two segments of the vein that were traced by mapping for over 700 metres of strike length. The drilling is a continuation of the company’s Spring 2023 program, which completed 2,324 metres in seven core holes on the George Lake target. Drilling was suspended in mid-July due to fire risk in the area, but crews will mobilize to the property in earliest September to completed logging and sampling of core before mobilizing the drill onto the Cole Lake target. Samples from the first five holes have been submitted for assay and results are anticipated in the coming weeks.

2023 Soil Sampling Program

The outcrop sampling was part of a larger surface soil sampling program carried out on the property in June 2023. The program consisted of collecting 1,427 soil samples from an area of approximate 2.5 kilometre x 1.5 kilometre on the western side of the property (Figure 1). Samples were collected at 25 metres stations on 100 metre spaced lines, oriented NE-SW. B-horizon soils were collected where available; however, A-horizon material was collected in swampy areas and C-horizon or talus fines were collected in areas of poor soil development.

The soil results successfully highlight the surface trace of the No. 3 Vein, the southern extension of the George Lake and Cole Lake veins, and the broad east-west trending structural corridor that hosts the Camp and Sveinson Deposits (see Figure 1).

Furthermore, new targets for drill follow-up were identified by the soil results in several poorly or untested areas, including: anomalies both to the north and south of the Camp Deposit; a northwestern extension of the No. 3 Vein; a footwall of the No. 3 Vein near the intersection with the veins of the Sveinson Deposit; and a possible extension of the historical Chisolm Vein.

VP Exploration Rob Macdonald commented, “The soil sampling program on Silver Queen successfully identified several high-potential exploration targets throughout the property. These new targets will be reviewed in the context of this new data, prioritized and tested in upcoming drill programs. Work on the property is set to re-start in the coming days with new targeting on the Cole Lake vein while assays are still pending from our earlier drilling.”

Figure 1: Plan Map of targets on the Silver Queen vein system, BC

Figure 2: Plan of the Cole Lake Target area showing the locations of Spring ’23 surface rock sampling

Table 1: Surface rock assay results from the Spring ’23 sampling in the Cole Lake target area

Sample Id Northing Easting type Au Ag Cu Pb Zn

g/t g/t ppm ppm ppm

AE23R-001 5,996,183 650,109 outcrop 0.1 1736 5398 227,000 11,500

AE23R-002 5,996,176 650,117 outcrop 55.2 5049 91 32,500 1,205

AE23R-003 5,996,173 650,111 subcrop 2.8 418 2442 46,300 56,400

AE23R-004 5,996,112 650,007 outcrop 0.1 14 16 420 1,105

AE23R-005 5,996,112 650,007 outcrop 0.1 6 17 290 651

AE23R-006 5,996,104 649,984 outcrop 6.0 69 133 8,798 19,200

AE23R-007 5,996,113 649,977 outcrop 0.1 11 50 2,866 5,892

AE23R-008 5,996,062 649,988 outcrop 0.0 0 30 31 413

Corporate Update

The Company has been requested by the Exchange, to provide further disclosure of Finder’s Fees paid in connection with the recently closed flow-through financing.

The Company paid finder’s fees totaling $44,952.28, along with 99,279 non-transferable finder warrants at a price of $0.13, and 246,508 non-transferable finder warrants at a price of $0.20, as part of the recently closed flow-through financing. Each finder’s warrant is exercisable to purchase one common share for a period of 3 years. The financing and payment of finder’s fees are subject to TSX Venture Exchange approval.

About Silver Queen Project

The Silver Queen Project is a premier gold-silver property with over 100 years of historic exploration and development and is located adjacent to power, roads and rail with significant mining infrastructure that was developed under previous operators Bradina JV (Bralorne Mines) and Houston Metals Corp. (a Hunt Brothers company). The property contains an historic decline into the No. 3 Vein, camp infrastructure, and a maintained Tailings Facility.

The Silver Queen Property consists of 45 mineral claims, 17 crown grants, and two surface crown grants totalling 18,852ha with no underlying royalties. Mineralization is hosted by a series of epithermal veins distributed over a 6 sq km area. An updated NI43-101 Mineral Resource Estimate with effective date December 1^st, 2022 was detailed in a News Release issued on Jan 16, 2023, which can be found by clicking here and the full Technical Report can be found on SEDAR and the Company’s website.

More than 20 different veins have been identified on the property, forming an extensive network of zoned Cretaceous- to Tertiary-age epithermal veins. The property remains largely under explored.

About Equity Metals Corporation

Equity Metals Corporation is a member of the Malaspina-Manex Group. The Company owns 100% interest, with no underlying royalty, in the Silver Queen project, located along the Skeena Arch in the Omineca Mining Division, British Columbia. The property hosts high-grade, precious- and base-metal veins related to a buried porphyry system, which has been only partially delineated. The Company also has a controlling JV interest (57.49%) in the Monument Diamond project, NWT, strategically located in the Lac De Gras district within 40 km of both the Ekati and Diavik diamond mines. The Company also has royalty and working interests in other Canadian properties, which are being evaluated further to determine their value to the Company.

Robert Macdonald, MSc. P.Geo, is VP Exploration of Equity Metals Corporation and a Qualified Person as defined by National Instrument 43-101. He is responsible for the supervision of the exploration on the Silver Queen project and for the preparation of the technical information in this disclosure.

On behalf of the Board of Directors
“Joseph Anthony Kizis, Jr.”

Joseph Anthony Kizis, Jr., P.Geo
President, Director, Equity Metals Corporation

For further information, visit the website at https://www.equitymetalscorporation.com; or contact us at 604.641.2759 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..

Neither 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. This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward-looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Equity Metals Corporation does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

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August 28, 2023

Fathom Nickel Announces Planned Start of Drill Program at the Gochager Lake Project

2023-08-24 05:11:04

Calgary, Alberta–(Newsfile Corp. – August 24, 2023) – Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) (the “Company” or “Fathom“) is pleased to announce the second round of drilling at the Gochager Lake project will commence on or about September 2, 2023. The drill program is expected to consist of 5 to 6 drillholes totalling approximately 1,800 – 2,000 meters.

The primary purpose of the program is to test the vertical plunge extensions along strike of the very favourable drill results intersected in drillhole GL23003 (see Press Release April 12, 2023). Multiple borehole electromagnetic (BHEM) surveys within this area of high-grade nickel mineralization have defined a complex set of steeply plunging geophysical targets. The very robust off-hole BHEM anomaly detected below drillholes GL23003, GL23004 and historic drillhole GL18002 is also a high-priority target that will be tested. The Company also anticipates drillholes designed to test continuity of conductivity as defined by surface TDEM surveys (see Press Release July 25, 2023) along strike of the Gochager Lake deposit and a Gochager-like area of conductivity 300 meters to the northeast. Refer to inserted Figures 1 and 2 illustrating proposed drill targets. The drill program is expected to be completed within four weeks.

Ian Fraser, CEO and VP Exploration stated, “We have spent the last several months evaluating the results of the winter drilling and BHEM surveys as well as the recently completed second round of BHEM/surface TDEM results. We are confident and very excited to now further drill-test the apparent very steep controls on the high-grade nickel mineralization intersected in drillhole GL23003. A better understanding of the structural controls, the orientation and dimensions of this mineralization will set us up to better pursue what we think will be a multitude of steeply plunging chutes within the historic Gochager Lake deposit area. The deep, strong conductivity detected below the two holes drilled in February 2023 and detected off-hole of a drillhole drilled in 2018, suggests the continuation of the Gochager Lake deposit at depth. The strength of this conductor is indicative of a body of semi-massive to massive sulphides similar to what was intersected in drillhole GL23003. The summer TDEM program identified zones of conductivity distal from the historic deposit, suggesting a continuation along strike. We look forward to testing all priority targets in the upcoming program.”

Figure 1 – Northeast Oriented Cross-Section

Figure 1 depicts a northeast oriented cross-section highlighting drillhole GL23003 against zones of conductivity:

Only drillhole GL23003 is illustrated. Drillhole GL23004 was drilled in a NE-SW direction which is oblique to this view.

The positioning of the BHEM conductive zones is a best fit based on multiple BHEM surveys performed within drillhole GL23003, GL23004 and historic drillholes GL18001, GL18002 (both semi-parallel to section view but not illustrated).

The structural fault illustrated was recognized in Fathom drillholes GL23003 and GL23004 and was observed to truncate mineralization occurring in GL23003.

This is a very important observation suggesting possible offsets occurring within the Gochager Lake deposit.

We interpret the semi-massive to massive high-grade Ni mineralization intersected in GL23003 to be occurring within a broad shell of disseminated, low-grade Ni mineralization.

Furthermore, the low-grade mineralization intersected in GL23003 below the fault, is the possible outer shell, low-grade mineralization which engulfs the very robust BHEM anomaly that we anticipate to be semi-massive to massive sulphides.

The goal of the upcoming drill program is to test along strike and up and down plunge the high-grade Ni mineralization intersected in GL23003.

The black circles in the Figure are conceptual and designed to give the reader an understanding of the areas within both BHEM conductive zones we plan to drill test.

Figure 2 – TDEM Conductor Map

Figure 2 – Conductor Map Notes:

The Tilt Derivative is a mathematical function routinely applied to Magnetic Field Data to preferentially enhance weaker magnetic signals to map textures, structures, and edge contacts of magnetic sources.

The two red polygons define target areas of TDEM conductivity the Company anticipates drilling in the upcoming drill program.

Qualified Person and Data Verification

Ian Fraser, P.Geo., CEO, VP Exploration, and a Director of the Company and the “qualified person” as such term is defined by National Instrument 43-101, has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of the Company.

About Fathom Nickel Inc.

Fathom is an exploration company that is targeting magmatic nickel sulphide discoveries to support the rapidly growing global electric vehicle market.

The Company now has a portfolio of two high-quality exploration projects located in the prolific Trans Hudson Corridor in Saskatchewan: 1) the Albert Lake Project, a 90,000+ hectare project that was host to the historic and past producing Rottenstone deposit (produced high-grade Ni-Cu+PGE, 1965-1969), and 2) the 22,000+ hectare Gochager Lake Project that is host to a historic, NI43-101 non-compliant open pit resource consisting of 4.3M tons at 0.295% Ni and 0.081% Cu¹.

1 – The Saskatchewan Mineral Deposit Index (SMID#0880) reports drill indicated reserves at the historic Gochager Lake Deposit of 4,262,400 tons grading 0.295% Ni and 0.081% Cu mineable by open pit. Fathom cannot confirm the resource estimate, nor the parameters and methods used to prepare the reserve estimate. The estimate is not considered NI43-101 compliant and further work is required to verify this historical drill indicated reserve.

ON BEHALF OF THE BOARD

Ian Fraser, Chief Executive Officer and Vice-President, Exploration
1-403-650-9760
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

or

Doug Porter, President & CFO
+1-403-870-4349
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Forward-Looking Statements

This news release contains “forward-looking statements” that are based on expectations, estimates, projections and interpretations as at the date of this news release. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “seek”, “intend”, “believe”, “anticipate”, “estimate”, “suggest”, “indicate” and other similar words or statements that certain events or conditions “may” or “will” occur, and include, without limitation, statements regarding intended future exploration work, including drilling, and the timing of such activities. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be “forward-looking statements.” Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company’s prospects, properties and business detailed elsewhere in the Company’s disclosure record. Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances except in accordance with applicable securities laws. Actual events or results could differ materially from the Company’s expectations or projections.

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August 24, 2023
Guanajuato Silver Provides Drill Results from Topia Mine

2023-08-23 07:20:31

~ Historic Argentina Vein Demonstrates Immediate Production Potential ~

VANCOUVER, BC / ACCESSWIRE / August 23, 2023 / Guanajuato Silver Company Ltd. (the “Company” or “GSilver“) (TSXV:GSVR) (AQUIS:GSVR) (OTCQX:GSVRF) is pleased to provide recent drill results from the Company’s wholly owned Topia Mine (“Topia“) in Durango, Mexico.

Drill Results:

Commenting on these results, Chairman and CEO, James Anderson said, “For 40 years Industrias Penoles, the largest mining company in Mexico, mined the Argentina vein at Topia. Remarkably, the vein was not pursued to the east of the district, past a significant fault structure; we are very encouraged by these initial results that indicate production potential within 2km of our mill facility from this long-lived precious metals vein system.”

Infill and resource expansion drilling continues at Topia with good results being generated at the Argentina, Rosario, Santa Cruz, and the San Gregorio veins. Drilling of the Argentina and Santa Cruz veins is being done from the new El Condor Tunnel with the objective of defining the trend of mineralization to the west of the current intercepts. The Rosario and San Gregorio veins, located in the southeastern part of the district, have been drilled from the Rosario ramp; these veins are separated by approximately 350 metres, and the objective there is to follow the trend of mineralization to the west.

All silver equivalent (AgEq) values are calculated based on the following long-term ratios to the silver price: 80:1 for gold, 0.04:1 for lead, and 0.05:1 for zinc.

Shares for Debt:

Guanajuato Silver also announces that is has arranged with certain creditors to settle an aggregate of $1,207,093 in outstanding liabilities of the company by the issuance of an aggregate of 3,772,167 common shares in the capital of the company at a deemed price of $0.32 per share, subject to the receipt of TSX Venture Exchange approval. The Debt settlement includes the issuance of shares to one non-arm’s length party totaling approximately C$150,000. (the “Debt Settlement”).

The non-arm’s length party, a private company controlled by Hernan Dorado, a director and an officer of the Company, will receive 468,750 Shares in settlement of C$150,000 due as of March, 2023 pursuant to the Company’s agreement to purchase certain underlying royalties over the Company’s Pinguico Mine as more particularly described in the Company’s news release dated August 20, 2020 (VanGold Options Back Royalties to Streamline El Pinguico Ownership Structure); a total of C$350,000 remains to be paid to finalise the agreement.

The issuance of Shares indirectly to Hernan Dorado who is an insider of the Company (a “Related Party“), will be considered “a related party transaction” within the meaning of Policy 5.9 of the TSX Venture Exchange (the “Policy“) and Multilateral Instrument 61-101 – Protection of Minority Security holders in Special Transactions (“MI 61-101“) adopted in the Policy. The Company intends to rely on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of such Related Party’s participation in the Debt Settlement as neither the fair market value of the Debt Settlement of, nor the fair market value of the Shares to be issued thereunder, insofar as it involves Related Parties, is expected to exceed 25% of the Company’s market capitalization (all as determined under MI 61-101). It is anticipated that the material change report of GSilver to be filed in connection with this announcement of the Debt Settlement will be filed less than 21 days in advance of the closing of the Debt Settlement, which GSilver considers reasonable within the context of current market conditions and the desire of all parties to complete the Debt Settlement as expeditiously as possible. The securities of the Company that will be acquired by the Related Party will be acquired pursuant to an exemption from the prospectus requirement in section 2.14 of National Instrument 45-106 – Prospectus Exemptions.

The Debt Settlement is subject to acceptance of the TSX Venture Exchange, and all Shares issued thereunder will be subject to a statutory hold period of four months and a day from the date of issuance in accordance with applicable securities legislation.

Sampling and quality assurance/quality control

Drill core was first reviewed by a Company geologist, who identified and marked intervals for sampling. The marked sample intervals were then cut in half with a diamond saw; half of the core was left in the core box and the other half was removed, placed in plastic bags, sealed and labeled. Intervals and unique sample numbers are recorded on the drill logs and the samples are sequenced with standards and blanks inserted according to a predefined QA/QC procedure. The samples are maintained under security on site until they are shipped to the analytical lab. The analytical work reported on herein was performed by Corporacion Quimica Platinum S.A de C.V., Silao, Guanajuato, Mexico which is independent of GSilver. To validate the Company’s assay results and its preparation procedures, GSilver sends additional random samples representing approximately 20% of all analytical samples to Bureau Veritas in Hermosillo, Sonora, Mexico. Bureau Veritas is an ISO/IEC (International Organization for Standardization/International Electrotechnical Commission) geo-analytical laboratory and is independent of GSilver and its “qualified person”. In order to further validate the Company’s assay results and its preparation procedures GSilver sent additional random samples representing approximately 10% of all analytical samples to SGS Mexico, S.A de C.V, Durango, Mexico. SGS is also an ISO/IEC geo-analytical laboratory and is independent of GSilver and its “qualified person”. Core samples were subject to crushing at a minimum of 70 per cent passing two millimeters, followed by pulverizing of a 250-gram split to 85 per cent passing 75 microns. Gold determination was via standard atomic absorption (AA) finish 30-gram fire assay (FA) analysis, in addition to silver and 34-element using fire assay and gravimetry termination. Following industry-standard procedures, blank and standard samples were inserted into the sample sequence and sent to the laboratory for analysis. Data verification of the analytical results included a statistical analysis of the standards and blanks that must pass certain parameters for acceptance to ensure accurate and verifiable results. GSilver detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the drilling data referred to herein.

About Guanajuato Silver

GSilver is a precious metals producer engaged in reactivating past producing silver and gold mines in central Mexico. The Company produces silver and gold concentrates from the El Cubo Mine, Valenciana Mines Complex, and the San Ignacio mine; all three mines are located within the state of Guanajuato, which has an established 480-year mining history. Additionally, the Company produces silver, gold, lead, and zinc concentrates from the Topia mine in northwestern Durango. With four operating mines and three processing facilities, Guanajuato Silver is one of the fastest growing silver producers in Mexico.

Technical Information

Reynaldo Rivera, VP of Exploration of GSilver, has approved the scientific and technical information contained in this news release. Mr. Rivera is a member of the Australasian Institute of Mining and Metallurgy (AusIMM – Registration Number 220979) and a “qualified person” as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. Mr. Rivera has verified the data disclosed in this news release, including the sampling, analytical, and test data underlying the information or opinions contained in this news release.

ON BEHALF OF THE BOARD OF DIRECTORS
“James Anderson”
Chairman and CEO

For further information regarding Guanajuato Silver Company Ltd., please contact:

JJ Jennex, Gerente de Comunicaciones, T: 604 723 1433
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
Gsilver.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 Statements

This news release contains certain forward-looking statements and information, which relate to future events or future performance including, but not limited to, the initial drill results that indicate production potential; the objective of defining the trend of mineralization to the west of the current intercepts; the opportunities for future exploration, development and production at the Company’s mines and the proposed exploration, development and production programs therefor; and the success related to any future exploration, development or production programs; the details regarding and completion of the shares for debt settlement; and the Company’s status as one of the fastest growing silver producers in Mexico.

Such forward-looking statements and information reflect management’s current beliefs and are based on information currently available to and assumptions made by the Company; which assumptions, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: the potential quantity, grade and metal content of the mineralized material at the Argentina, Rosario, Santa Cruz, and the San Gregorio veins at Topia, the geotechnical and metallurgical characteristics of such material conforming to sampled results and metallurgical performance; available tonnage of mineralized material to be mined and processed; resource grades and recoveries; assumptions and discount rates being appropriately applied to production estimates; prices for silver, gold and other metals remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company’s projects and to satisfy current liabilities and obligations including debt repayments; capital, decommissioning and reclamation estimates; prices for energy inputs, labour, materials, supplies and services (including transportation) and inflation rates remaining as estimated; no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.

Readers are cautioned that such forward-looking statements and information are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results, level of activity, production levels, performance or achievements of GSilver to differ materially from those expected including, but not limited to, market conditions, availability of financing, currency rate fluctuations, rising inflation and interest rates, geopolitical conflicts including wars, actual results of exploration, development and production activities, actual resource grades and recoveries of silver, gold and other metals from the Company’s existing mines including Topia , availability of third party mineralized material for processing, unanticipated geological or structural formations and characteristics, environmental risks, future prices of gold, silver and other metals, operating risks, accidents, labor issues, equipment or personnel delays, delays in obtaining governmental or regulatory approvals and permits, inadequate insurance, and other risks in the mining industry. There are no assurances that GSilver will be able to continue to increase production, tonnage milled and recoveries rates, improve grades and reduce costs at San Ignacio, Topia, Valenciana Mines Complex and El Cubo to process mineralized materials to produce silver, gold and other concentrates in the amounts, grades, recoveries, costs and timetable anticipated. In addition, GSilver’s decision to process mineralized material from San Ignacio, Topia, Valenciana Mines Complex and El Cubo is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and therefore is subject to increased uncertainty and risk of failure, both economically and technically. Mineral resources and mineralized material that are not Mineral Reserves do not have demonstrated economic viability, are considered too speculative geologically to have the economic considerations applied to them, and may be materially affected by environmental, permitting, legal, title, socio-political, marketing, and other relevant issues. There are no assurances that the Company’s projected grades of gold and silver at San Ignacio, Topia, the Valenciana Mines Complex, and El Cubo and the anticipated level of production therefrom will be realized. In addition, there are no assurances that the Company will meet its production forecasts or generate the anticipated cash flows from operations to satisfy its scheduled debt payments or other liabilities when due or meet financial covenants to which the Company is subject or to fund its exploration programs and corporate initiatives as planned. There is also uncertainty about the continued spread and severity of COVID-19, the ongoing war in Ukraine and rising inflation and interest rates and the impact they will have on the Company’s operations, supply chains, ability to access mining projects or procure equipment, contractors and other personnel on a timely basis or at all and economic activity in general. Accordingly, readers should not place undue reliance on forward-looking statements or information. All forward-looking statements and information made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com including the Company’s annual information form for the fiscal year ended December 31, 2021. These forward-looking statements and information are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by law.

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August 23, 2023
Power Nickel Commences Fall Drill Program with Deep Target Hole 23-H2-01

2023-08-23 00:02:02

TORONTO, ON / ACCESSWIRE / August 23, 2023 / Power Nickel Inc. (the “Company” or “Power Nickel”) (TSXV:PNPN)(OTCQB:PNPNF)(Frankfurt:IVV) is pleased to report that it has commenced its fall drilling program with the drilling of the deep target hole PN-23-036, identified as #1 in Figure 1.

Figure 1: 2023 Fall Drilling Program, Nisk Main Zone Longitudinal Section. Proposed hole number also refers to the anticipated drilling sequence.
The hole is testing at depth an area to the east of two of the best holes, PN-22-009 and PN-23-035 as noted in Figures 1 and 2.

Figure 2: 2021-2023 Drilling Results, Nisk Main Zone Longitudinal Section
PN-23-036 is approximately 300 metres south and east of holes PN-22-009 and PN-23-035 holes. We would anticipate hitting the massive sulfide body at a vertical depth of 390 metres. This will be the first in a series of deeper holes testing some of the best previous holes where they were open at depth.

This drill program will test a series of airborne EM targets hosted by the Ultramafic body (Figure 3). The areas targeted by the currently planned drilling is also further corroborated by the Ambient Noise Tomograpy (ANT) surveys being completed by contractor Fleet Space Technologies. (For a video on this technology https://fleetspace.com/mineral-exploration). In addition, downhole EM will complement the ANT and the ongoing target generation for massive sulfide zones hosted by the ultramafic body.

Figure 3: 2023 Drilling Results & Drill Targets, Nisk Main Zone, Plan Map
The plan is for a second drill to be mobilized in late September to drill several holes to follow up the results from drill hole 23-031A in the Wildcat area (Figure 4), approximately 4 km northeast of the main Nisk Zone. This drill hole intersected 20.76 grams of Platinum, 5.71 grams of Palladium, 1.47% of Cu, and 0.28 grams of gold over 7.75 metres at a downhole depth of 60 metres.

Figure 4: 2023 Drilling Results, Wildcat Zone, Plan Map
Qualified Person

Kenneth Williamson, Géo, M.Sc., VP Exploration at Power Nickel, is the qualified person who has reviewed and approved the technical disclosure contained in this news release.

About Power Nickel Inc.

Power Nickel is a Canadian junior exploration company focusing on developing the High-Grade Nisk project into Canada’s first Carbon Neutral Nickel mine.

On February 1, 2021, Power Nickel (then called Chilean Metals) completed the acquisition of its option to acquire up to 80% of the Nisk project from Critical Elements Lithium Corp. (CRE: TSXV). Subsequently, Power Nickel has exercised its option to acquire 50% of the Nisk Project and delivered notice to Critical Elements that it intends to exercise its second option to bring its ownership to 80%. The last remaining commitment to activate this exercise of the option is the delivery of a NI-43-101 Technical report which is anticipated to occur at the latest in Q4 2023.

The NISK property comprises a significant land position (20 kilometers of strike length) with numerous high-grade intercepts. Power Nickel is focused on expanding the historical high-grade nickel-copper PGE mineralization with a series of drill programs designed to test the initial Nisk discovery zone and to explore the land package for adjacent potential Nickel deposits.

In addition to the Nisk project, Power Nickel owns significant land packages in British Colombia and Chile. Power Nickel is expected to reorganize these assets in a related public vehicle through a plan of arrangement.

Power Nickel announced on June 8, 2021, that an agreement had been made to complete the 100% acquisition of its Golden Ivan project in the heart of the Golden Triangle. The Golden Triangle has reported mineral resources (past production and current resources) in 130 million ounces of gold, 800 million ounces of silver, and 40 billion pounds of copper (Resource World). This property hosts two known mineral showings (gold ore and Magee) and a portion of the past-producing Silverado mine, reportedly exploited between 1921 and 1939. These mineral showings are Polymetallic veins containing quantities of silver, lead, zinc, plus/minus gold, and plus/minus copper.

Power Nickel is also 100 percent owner of five properties comprising over 50,000 acres strategically located in the prolific iron-oxide-copper-gold belt of northern Chile. It also owns a 3-per-cent NSR royalty interest on any future production from the Copaquire copper-molybdenum deposit sold to a subsidiary of Teck Resources Inc. Under the terms of the sale agreement, Teck has the right to acquire one-third of the 3-per-cent NSR for $3 million at any time. The Copaquire property borders Teck’s producing Quebrada Blanca copper mine in Chile’s first region.

For further information on Power Nickel Inc., please contact:
Mr. Terry Lynch, CEO
647-448-8044
This email address is being protected from spambots. You need JavaScript enabled to view it.

For further information, readers are encouraged to contact:

Power Nickel Inc.The Canadian Venture Building 82 Richmond St East, Suite 202 Toronto, ON

Neither the TSX Venture Exchange nor it’s Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This message contains certain statements that may be deemed “forward-looking statements” concerning the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential,” “indicates,” “opportunity,” “possible” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, among others, the timing for the Company to close the private placement or the second Nisk option or risk that such transactions do not close at all; raise sufficient capital to fund its obligations under its property agreements going forward; to maintain its mineral tenures and concessions in good standing; to explore and develop its projects; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration and mining operations; future prices of nickel and other metals; changes in general economic conditions; accuracy of mineral resource and reserve estimates; the potential for new discoveries; the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the projects and if accepted, to obtain such licenses and approvals in a timely fashion relative to the Company’s plans and business objectives for the applicable project; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company’s operations, compliance with environmental laws and regulations, dependence on key management personnel and general competition in the mining industry.

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August 23, 2023
Carmanah Minerals Initiates AI-Geophysical Interpretation, Walker Zone Drill Program, Athabasca Basin, Uranium Project at Key Lake

2023-08-22 06:29:16

August 22, 2023 – TheNewswire – Vancouver, B.C. – Carmanah Minerals Corp. (CSE:CARM), (“Carmanah” or the “Company”) is pleased to announce the commencement of a detailed regional and property specific structural geophysical interpretation of the corporation’s Saskatchewan Uranium Project with its Joint Venture partner Marvel Discovery. The Interpretation includes using advanced technology leveraging machine learning to transform the mineral discovery process.

Fraser Rieche, Interim Chief Executive Officer, commented, “Carmanah’s Walker Project presents a tremendous opportunity in Canada’s Athabasca Basin. The project is perfectly situated along the Key Lake fault and is home to some of the largest Uranium Reserves in Canada. Using AI-drill-targeting allows us to get a better in-depth understanding of the structural traps which is vital to our drill-target selection process. We are pleased to be working with Marvel Discovery and their geological team, giving us an edge and a better chance for success with the common goal of a tier 1 discovery.”

The claims coincide with a regional-scale NNE-trending shear zone that forms the tectonic boundary between the Mudjatik Domain and Wollaston Domain of the Hearne Province. The shear zone can be mapped from regional aeromagnetic images and has a strike length of at least 400 kilometres extending beneath cover rocks of the Athabasca Basin, approximately 60 km to the north. The highly prospective Athabasca Basin is home to numerous unconformity-type uranium deposits whose locations are controlled by the positions of major faults in the underlying crystalline basement rocks.

The pattern of structures within the claims, indicate that the two major rock groups are intensely polydeformed with complex fold interference patterns suggesting a regional east-dipping, sinistral transpressional belt that is now preserved as the Wollaston-Mudjatik Transition Zone (WMTZ), a prospective zone, along which the majority of known Uranium and REE occurrences are documented.

Like its neighbor to the west, the Arrow deposit, owned by NexGen Energy, lies along a similar structural corridor as the Carmanah property. The Arrow deposit, which has undergone a positive feasibility study with robust economics, contains probable reserves of 239.6 million pounds of U3O8 at an average of 2.37 per cent U3O8, and measured and indicated resources of 256.7 million pounds at an average grade of 3.1 per cent U3O8. The Arrow deposit is the largest undeveloped uranium deposit in Canada of 256.7 million lb at an average grade of 3.1 per cent U3O8. The Arrow deposit is the largest undeveloped uranium deposit in Canada.

Carmanah signed a joint venture agreement with Marvel Discovery on October 5, 2022, to earn a 50-per-cent interest in the Walker claims located in the Athabasca basin, Saskatchewan. Upon completion of the earn-in by Carmanah, Marvel and Carmanah would each own 50 per cent of the project.

Qualified Person

Mike Kilbourne, P. Geo, an independent qualified person as defined in National Instrument 43-101, has reviewed, and approved the technical contents of this news release on behalf of the Company.

About Carmanah Minerals Corp.

Carmanah Minerals Corp. is a Canadian junior exploration company focused on a diversified portfolio covering Precious Metals, Energy, and Critical Elements. The Company recently signed a Joint Venture agreement with Marvel Discovery Corp. to earn a 50% interest in the Walker Claims located along the prolific Key Lake fault adjacent to Cameco’s Mine and Mill in the Athabasca Basin, Saskatchewan. The Walker Properties lie within the Wollaston‐Mudjactic transition zone (WMTZ) of the eastern Athabasca basin, which is host to the highest‐grade uranium mines in the world. The company also holds a 100% interest in the Hare Hill Pluton Rare Earth Project. This project comprises 162 claims totaling 4,050 hectares in Central Newfoundland and is directly contiguous to the “Bottom Brook Acquisition” by York Harbour Metals Inc. Carmanah has also entered an option agreement to acquire the Baie Verte Brompton Project in Central Newfoundland. This project is strategically located on a peninsula that hosts all of Newfoundland’s current gold production, including Anaconda Mining Inc.’s Point Rousse gold mine and Rambler Metals Mining operations.

For further information, please view the Company’s filings at www.sedar.com.

ON BEHALF OF THE BOARD

Fraser Rieche

Chief Executive Officer and Director

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Telephone: +1 (604) 716-1036

Disclaimer for Forward-Looking Information:

This news release includes certain forward‐looking statements and forward‐looking information (collectively, “forward‐looking statements”) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding future capital expenditures, anticipated content, commencement, and cost of exploration programs in respect of the Company’s projects and mineral properties, anticipated exploration program results from exploration activities, resources and/or reserves on the Company’s projects and mineral properties, the anticipated business plans and timing of future activities of the Company, anticipated completion of the Private Placements, including the approval of the Canadian Securities Exchange for the Private Placements, are forward‐looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as “pro forma”, “plans”, “expects”, “will”, “may”, “should”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, “potential” or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. In making the forward‐looking statements in this news release, the Company has applied several material assumptions, including without limitation, that market fundamentals will result in sustained precious and base metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration of the Company’s properties, that the COVID19 global pandemic will not affect the ability of the Company to conduct the exploration program on its mineral properties, the availability of financing on suitable terms, and the Company’s ability to comply with environmental, health and safety laws.

Forward‐looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward‐looking statements. Such risks and other factors include, among others, statements as to the anticipated business plans and timing of future activities of the Company, including the Company’s proposed expenditures for exploration work on its mineral projects, the ability of the Company to obtain sufficient financing to fund its business activities and plans, delays in obtaining governmental and regulatory approvals (including of the Canadian Securities Exchange), permits or financing, changes in laws, regulations and policies affecting mining operations, risks relating to epidemics or pandemics such as COVID–19, as well as those factors discussed under the heading “Risk Factors” in the Company’s prospectus dated April 4, 2022, and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company’s profile on the SEDAR website at www.sedar.com.

Readers are cautioned not to place undue reliance on forward‐looking statements. The Company undertakes no obligation to update any of the forward‐looking statements in this news release except as otherwise required by law.

Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this news release.

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August 22, 2023
US Copper Completes Drill Program at Moonlight-Superior Copper Project in California

2023-08-21 14:03:18

Toronto, Ontario–(Newsfile Corp. – August 21, 2023) – US Copper Corp. (TSXV: USCU) (OTCQB: USCUF) (FSE: C730) (“US Copper” or the “Company“) is pleased to announce the completion of the exploration drilling program announced on June 8, 2023, at the Company’s wholly-owned Moonlight-Superior Copper Project, located in Plumas County, California.

The Moonlight-Superior Project has a mineral resource estimate of 1.3 billion pounds of copper indicated and 1 billion pounds of copper inferred across three deposits – Moonlight, Superior and Engels. The resource estimate is contained in the National Instrument 43-101 (“NI 43-101“) Technical Report and Resource Estimate for the Superior Project, Plumas County, California, with an effective date of November 15, 2013, available on US Copper’s website and on SEDAR+ at www.sedarplus.ca.

A total of 15 shallow holes totalling 3,990 feet were drilled at the Engels deposit to test the oxide cap that sits atop the Engels copper sulfide deposit. Drilling at Engels proceeded quickly and the Company was also able to drill an additional 15 holes at the Moonlight deposit totalling 2,430 feet to test the oxide cap on that deposit. A further two holes were then drilled at the Lambs Ridge historical copper deposit. Samples from all 32 holes have been logged, bagged and sent to the lab for assays. Assay results are expected to be available in September.

The main objectives of the 2023 exploration drill program include:

Upgrading and potentially expanding the current oxide resource estimate;

Providing samples for preliminary metallurgical evaluation; and

Providing initial data for inclusion in a preliminary economic assessment on the Engels oxide deposit.

“As an exploration and development stage company with a copper project in northern California, we welcome the recent decision by the U.S. Department of Energy to add copper to the critical materials list. This decision was based on the high risk of U.S. copper supply disruption and its importance to domestic manufacturers of electric vehicles and clean energy technologies. With global copper demand projected to double by 2035, the U.S. will need to develop a secure and responsible domestic supply of mined copper. We look forward to working with our California stakeholders and prospective partners to advance the strategically important Moonlight-Superior Copper Project,” commented Stephen Dunn, President and CEO of US Copper.

The Company would also like to announce that its Board has approved the grant of 4,625,000 stock options to certain directors, officers and consultants of the Company, subject to regulatory and TSX Venture Exchange approval. The stock options have been issued with an exercise price of $0.10 per share, vest immediately, and have a 3-year term.

Qualified Person

The scientific and technical content of this press release has been reviewed and approved by George Cole, M.Sc., Director of US Copper who is a “Qualified Person” as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects. George Cole is a Registered Professional Geologist through AIPG (CPG-11687).

About US Copper Corp

US Copper controls approximately 13 square miles of federal mining claims in the Light’s Creek Copper District in Plumas County, NE California; essentially, the entire District. The District contains substantial copper (silver) sulfide and copper oxide resources in three deposits – Moonlight, Superior and Engels, as well as several partially tested and untested exploration targets.

The Superior and Engels Mines operated from about 1915-1930 producing over 161 million pounds of copper from over 4 MT of rock containing 2.2% copper with silver and gold credits.

The Moonlight Deposit was discovered and drilled by Placer Amex during the 1960s. Details of the resources on US Copper’s property and the parameters used to calculate them can be found in the “Technical Report and Preliminary Economic Assessment for the Moonlight Deposit, Moonlight-Superior Copper Project, California, USA” dated April 12, 2018, on both the Company’s website at www.uscoppercorp.com or on www.sedarplus.ca under the US Copper Corp profile.

For Further Information Contact:
Mr. Stephen Dunn
President, CEO and Director
US Copper Corp.
T: (416) 361-2827
E: This email address is being protected from spambots. You need JavaScript enabled to view it..

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 press release.

This press release contains forward-looking statements within the meaning of applicable Canadian and U.S. securities laws and regulations, including statements regarding the future activities of the Company, projected demand for copper and development of copper supply in the United States. Forward-looking statements reflect the current beliefs and expectations of management and are identified by the use of words including “will”, “hopes”, “anticipates”, “expected to”, “plans”, “planned”, “intends”, “projected” and other similar words. Actual results may differ significantly. The achievement of the results expressed in forward-looking statements is subject to a number of risks, including those described in the Company’s management discussion and analysis as filed with the Canadian securities regulatory authorities which are available at www.sedarplus.ca. Investors are cautioned not to place undue reliance upon forward-looking statements.

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August 21, 2023
Mirasol Resources Refines Priority Targets Based on Results from Preliminary Drill Program at Sobek Copper Project in Chile

2023-08-21 04:05:07

Sobek is located 7 km directly west of Filo Mining’s Filo del Sol Project and 3 km from NGEx´s new discovery at Lunahuasi

Initial drill campaign cut short with only two targets partially tested, both require follow-up drilling

Several compelling high-priority drill targets remain to be tested outlined by the Airborne Mobile MT survey coincident with geochemical anomalies and select high-grade surface samples

Drill program to resume in early October when spring weather returns

Planning for 3,400 meters of drilling distributed between Sobek Central and Sobek North (El Potro)

VANCOUVER, British Columbia, Aug. 21, 2023 (GLOBE NEWSWIRE) — Mirasol Resources Ltd. (TSX-V: MRZ) (OTC: MRZLF) (the “Company” or “Mirasol”) reports that results from the preliminary drill program at the Company’s 100%-owned Sobek Copper-Gold Project (“Sobek”) in the Vicuña Copper-Gold-Silver District of Chile were inconclusive as the first drill holes did not reach the desired targets. Drilling was suspended with the onset of winter weather in the high Andes. The drill program was initiated late in the season when road construction allowed access for the drill rig (see news release dated June 27, 2023). The initial targets will require follow-up drilling and several other priority targets will also be drill tested when the campaign resumes in Q4 2023.

Sobek was originally staked by Mirasol based on prospective local geology and attractive structural architecture prior to the 2021 discovery of the high-grade feeder zone at the Filo del Sol gold-copper deposit located 7 km to the east and NGEx Minerals discovery at Lunahuasi (formerly Potro Cliffs) 3 km to the east.

Figure 1: High-Profile Vicuña Copper-Gold-Silver District Regional Map

“Mirasol is the only junior exploration company actively drilling in the middle of the high-profile Vicuña Copper-Gold district in northeast Chile where extraordinary discoveries continue to be made. In the interest of safety, our maiden drill campaign was suspended due to the onset of winter weather before we could adequately test our first targets. However, these early results have provided some important structural data which will help to refine our drill plans,” Mirasol’s President Tim Heenan stated. “We have only just started to scratch the surface at Sobek and high-priority targets of massive scale remain to be drill tested. We are excited to resume drilling in just a couple of months as soon as the weather allows for access.”

Sobek Central – Advancing Maiden Drill Campaign

The first two drill holes at Sobek aimed to test the first of several high-priority targets but results were inconclusive as the program was halted before reaching the intended targets.

At Sobek Central, drill hole SB-DDH-001 was a structural target, testing for the source of the surface soil grid anomalies over and around the Central Breccia Zone, and also the source of the intensely phyllic altered porphyry clasts hosted within the breccia. The drill hole was stopped at a depth of 352m when it passed through a structural fault zone hosting strong calcite/gypsum stockworks. Follow-up drilling will aim to test the target from the opposite direction. Interpretation suggest that the structural source of the breccia may have flattened out resulting in the hole being drilled parallel and underneath the structure, or the structure may have pinched-out at depth within the fault zone.

Also, at Sobek Central, drill hole SB-DDH-002 targeted the northern cusp of the massive northern-most MT anomaly. For safety reasons, drilling was halted at a depth of 586m before it reached the intended target. Based on the weak to moderate “green rock” peripheral propylitic style of alteration and the lack of consistent mineralization, the target has been refined and the drill collar will now be repositioned to start at a lower elevation to reach the center of the target more efficiently. The massive MT anomaly is elongated in a NW-SE direction and is 2km by 1km in size. The drill hole only reached the outer fringes of the target when it was halted. 3D line-based sections from the Mobile MT data are also currently being analyzed in detail to identify the best zones of this extensive target to be drill test.

Figure 2: Sobek Central – Large Mobile MT Anomalies and Refined Drill Targeting

Construction of the drill access road will resume early in Q4 2023. Once completed, there will be unrestricted access to all the targets at Sobek Central.

Airborne Mobile MT Geophysical Survey Outlines Several High-Priority Targets

Mirasol completed a 500-line km Airborne Mobile MT survey (75 sq.km) covering the entire Sobek Central area and a small area of Sobek North (13 sq.km) prior to demobilization of the MT system. The Airborne Mobile MT has high-definition depth penetration to greater than 800m depth below surface and has been proven effective in defining targets in high-sulfidation epithermal (HSE) and porphyry systems elsewhere in Chile. The survey has outlined a very striking cluster of MT anomalies and the interpretation suggests they may represent intrusive centers. The Central Breccia, and both the VN-Zone and VN-Zone North targets lie on the peripheral rims of these oval shaped MT responses.

VN-Zone and Other Priority Targets

The VN-Zone was elevated as a high priority target late in the season when high gold grades were recovered from prospecting, with results up to 5.0 g/t gold and 2,200 ppm copper being sourced from select grab samples (see news release dated June 27, 2023). The VN-Zone sits on the northern outer cusp of a second very large oval shaped Mobile MT anomaly, with dimensions of 1.5km x 2.0km which is interpreted to represent a prospective intrusive center. To determine the best location and orientation of the first holes to drill test the massive anomaly multiple line-based 3D sections of the data have been generated and are currently being analyzed. Detailed mapping and drilling of this strongly mineralized sheeted vein zone will be a primary focus of next season’s campaign.

Another new occurrence of mineralized “M” veins (VN-Zone North) was exposed along the road cut enroute to the VN-Zone. The VN-Zone North is located approximately 1.4 km north-northeast of the VN-Zone and sits on the eastern edge of the northern-most Mobile MT anomaly. Samples collected from the road-cut exposure returned values of 1.37 g/t gold and 663 ppm copper, and 0.54 g/t gold and 411 ppm copper These strong gold results are all sourced from sheeted “Maricunga Type” quartz-magnetite veinlets with argillized margins. The “M” veinlets contain anomalous values of associated copper mineralization (2,220 ppm), which is typical in Chilean gold-copper “Maricunga Type” porphyry deposits.

Sobek North Block surface exploration is also planned over priority targets at the El Potro Zone located approximately 3 km west of NGEx’s new Lunahuasi discovery. This will include electrical surface-based IP geophysics over the recently discovered El Potro East zone which has returned very encouraging geochemical results from rock chip samples, including up to 4.3g/t gold and 26 g/t silver from HSE type intensely altered and silicified areas, located above the more copper/molybdenum porphyry-like style of mineralization which returned 0.65% copper and 105 ppm molybdenum (see news release dated June 27, 2023). This area is scheduled to be drill tested in the early part of the Q1-2024. The maiden drill campaign is expected to resume in Q4 2023 with another 3,400m of drilling planned to test priority targets starting at Sobek Central and continuing to Sobek North (El Potro Zone).

Figure 3: Drill Targeting Compelling Mobile MT Anomalies at Sobek Central VN Zone and Sobek North

High-Profile Vicuña Copper-Gold-Silver District

Sobek was staked in 2016 based on the prospective geological environment and the local structural architecture with a compelling north-northeast trending mineralized structural corridor crosscut by a north-northwest trending deep-seated trans-cordilleran lineament. This is a common structural configuration hosting several southern Andes metal deposits in both Chile and Argentina.

Sobek comprises a large block of property totaling 11,120 ha of exploration claims in three strategic locations, the North, Central and South blocks within the Vicuña Copper-Gold-Silver District. The high-profile district includes multiple deposits in close proximity of Sobek, including the Filo del Sol mid-Miocene epithermal porphyry gold-copper deposit 7 km to the east; the recent NGEx discovery at Lunahuasi (formerly Potro Cliffs) 3 kilometers to the east, the Josemaria copper-gold project 10 km to the east-northeast; the Los Helados Porphyry copper-gold breccia system 20 km to the northeast; and the giant Eocene El Morro Porphyry copper-gold deposit 16 km to the west-southwest.

About Mirasol Resources Ltd

Mirasol is a well-funded exploration company with 19 years of operating, permitting and community relations experience in the mineral rich regions of Chile and Argentina. Mirasol controls 100% of the high-grade Virginia Silver Deposit in Argentina and is currently self-funding exploration at two flagship projects, Sobek and Inca Gold, both located in Chile. Mirasol also continues to advance a strong pipeline of highly prospective early and mid-stage projects.

For further information, contact:

Tim Heenan, President
or
Troy Shultz, Vice President Investor Relations

Tel: +1 (604) 602-9989
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.mirasolresources.com

Qualified Person Statement: Mirasol’s disclosure of technical and scientific information in this press release has been reviewed and approved by Tim Heenan (MAIG), the President for the Company, who serves as a Qualified Person under the definition of National Instrument 43-101.

QAQC: Mirasol applies industry standard exploration sampling methodologies and techniques. All geochemical rock chip, soil, and stream sediment samples are collected under the supervision of the company’s geologists in accordance with industry practice. Geochemical assays are obtained and reported under a quality assurance and quality control (QA/QC) program with insertions of controls (standards, blanks and duplicates) submitted to the laboratory. Samples were dispatched to ALS Global – Geochemistry Analytical Lab, in Santiago, Chile, an ISO 9001:2015 accredited laboratory, which is independent from the Company. Rock chip samples (1-3kg) were prepared with PREP31, and analysed by Au_ICP21 and ME-MS61. The soil samples were prepared with PUL-31, analysed by Au_ICP21 and ME-MS61. Assay results from rock chip, soil stream sediment, channel, trench, and drill core samples may be higher, lower or similar to results obtained from surface samples due to surficial oxidation and enrichment processes or due to natural geological grade variations in the primary mineralization.

Forward Looking Statements: The information in this news release contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry and to policies linked to pandemics, social and environmental related matters. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements. Mirasol disclaims any obligations to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by applicable law.

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.

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August 21, 2023
Sun Summit Minerals Recommences Drill Program at Buck Project, Central BC

2023-08-15 04:06:21

Vancouver, British Columbia–(Newsfile Corp. – August 15, 2023) – Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) announces that drill crews have been remobilized to site after an evacuation order south of the town of Houston due to a wildfire was lifted. As previously announced, Sun Summit took proactive measures to temporary suspend drilling and field exploration in the area and all personnel were demobilized from site (see July 26, 2023 news release).

Highlights

Drilling recommenced at Buck Main: The planned drill program consists of ~3,500 metres over 15 step-out drill holes targeting new zones of potential high-grade and bulk-tonnage mineralization in untested areas to the north and west of previous drilling (see June 8, 2023 news release).

Assay results and geochemical analysis expected shortly: All drill core and surface samples collected in advance of the evacuation notice are currently being processed at the lab and results are expected shortly.

Sharyn Alexander, Sun Summit’s President stated: “We are pleased to resume our multi-stage drilling and exploration program at the Buck Property. New drilling at Buck Main has already shown encouraging zones of visible sulfide mineralization, and the upcoming assay results will help guide and refine targeting as the drill program continues.

“We are committed to conducting our programs in a safe and responsible manner, and ensuring that all necessary health and safety measures are in place for an efficient and effective work campaign. I’d like to thank our team for their proactive, organized approach during the demobilization and remobilization, and express our gratitude to the firefighters and emergency personnel who worked to bring the wildfire under control.”

Three diamond drill holes and a portion of a fourth were completed at Buck Main before the evacuation order was issued. In addition, extensive field exploration was conducted in the area of Mount Morice and CR (recently acquired from Teck; see June 1, 2023 news release), including the collection of rock, silt and soil samples. Core samples from drill holes completed in advance of the evacuation notice and all collected surface samples are currently being processed and results are expected from the lab shortly.

No damage or loss to infrastructure has been reported and the Company does not anticipate any delays to the resumption of work and ongoing exploration program.

National Instrument 43-101 Disclosure

This news release has been approved by Sun Summit’s Vice President Exploration, Ken MacDonald, P. Geo., a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has also verified the data disclosed, including sampling, analytical and test data, underlying the technical information in this news release.

Community Engagement

Sun Summit is engaging with First Nations on whose territory the Buck Project is located and is discussing their interests and identifying contract and work opportunities, as well as opportunities to support community initiatives. The Company looks forward to continuing to work with local and regional First Nations as the project continues.

About the Buck Project

The Buck Project is situated in a historic mining district near Houston, B.C., with excellent nearby infrastructure that allows for year-round, road-accessible exploration.

The project is host to the Buck Main intermediate-sulfidation epithermal-related gold-silver-zinc system. Most of the mineralization drilled to date at Buck Main consists of long, continuous zones of disseminated and breccia-hosted, bulk tonnage-style gold-silver-zinc. Vein-hosted, high-grade mineralization has also been intersected near the center of Buck Main.

Exploration at the Buck Project is focused on investigating the lateral and vertical extent of gold-silver-zinc mineralization at the Buck Main system, and to define additional drill targets across the entire land package through systematic exploration programs.

About Sun Summit

Sun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) is a mineral exploration company focused on expanding its gold, silver, and zinc discovery at its flagship Buck Project located in north-central British Columbia.

Sun Summit is committed to environmental and social responsibility, with a focus on accountable development and building respectful and beneficial relationships with Indigenous and local communities.

Further details are available at www.sunsummitminerals.com.

For further information, contact:

Sharyn Alexander
President
This email address is being protected from spambots. You need JavaScript enabled to view it.

Matthew Benedetto
Simone Capital
This email address is being protected from spambots. You need JavaScript enabled to view it.

Tel. 416-817-1226

Forward-Looking Information

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause such differences, without limiting the generality of the following, include: risks inherent in exploration activities; the impact of exploration competition; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

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August 15, 2023

Exploits Discovery Announces Assay Results from Bullseye Drill Holes BE-23-018 & BE-23-020 to 029

2023-08-14 03:02:41

Toronto, Ontario–(Newsfile Corp. – August 14, 2023) – Exploits Discovery Corp. (CSE: NFLD) (OTCQX: NFLDF) (FSE: 634) (“Exploits” or the “Company”) is pleased to announce assay results from diamond drill holes BE-23-018 and BE-23-020 to 029 on its 100% owned Bullseye property located along the Appleton Fault Zone (“AFZ”) located approximately 200 metres east of New Found Gold’s recently reported high-grade intercepts at its Everest gold zone in central Newfoundland.

Highlights Include:

BE-23-028 encountered several clusters of quartz veining over approximately 18 metres in core-length as well as localized fault zones with associated sulfide enrichment.

Extensive sampling of these zones has generated gold assays up to 14.59 g/t Au.

The results and location of BE-23-028 suggest the potential extension of gold mineralization at Everest as reported by New Found Gold on May 10, 2023.

Select intercepts from BE-23-028 include:

4.08 g/t Au over 1.60 m core-length, located at a vertical depth of approximately 75 m below surface.

Including 8.16 g/t Au contribution from a 0.70 m sample.

4.85 g/t Au over 0.75 m core-length, located at a vertical depth of approximately 185 m below surface.

14.59 g/t Au over 1.00 m core-length, located at a vertical depth of approximately 186 m below surface.

Mineralization remains open in all directions.

Assay results from 29 of the 30 drill holes have been received and publicly reported to date. The results from drill hole BE-23-030 are pending.

Ken Tylee, Vice President (Exploration), comments on Hole # 28: “We are excited to see several clusters of veining up to 18 metres in length hosting locally anomalous gold values reaching 14 g/t. These intercepts suggest that Hole 28 has encountered an extension of the Everest mineralized system announced by our neighbours on May 10, 2023, possibly tracking eastwards into our Bullseye claims. We will be looking to follow up these encouraging results as we plan for our second phase of drilling.”

Figure 1: Plan map displays Exploits’ Bullseye property with locations of drill holes including BE-23-018 and BE-23-020 to 029 shown within yellow dashed box.

Figure 2: Plan map showing Exploits’ assay results from the 2023 diamond drilling program at Bullseye.

Figure 3: Cross-section of the Horseshoe gold mineralized zone.

Figure 4: Example of gold mineralization within clusters of quartz veins in drill hole BE-23-028.

Bullseye (Horseshoe) Interpretation:

Mineralization at the Bullseye property is hosted within a fold-thrust sequence of northeast-striking, steeply dipping, turbidite sequence. These rocks were deposited and deformed during the closure of the Iapetus Ocean and subsequent continent-continent collision. The Appleton Fault Zone is a regional scale deformation zone that developed during this period. The AFZ likely serves as a primary conduit for gold-bearing fluids. Brittle faults within the envelope surrounding the AFZ form a vast network of gold rich quartz veins.

Visible gold has been noted within 8 drill holes contributing to the locally high-grade intercepts. Several wide intervals of gold mineralization, in the 1.00 – 3.00 g/t range, are linked to quartz veining with elevated sulphide content. Notable sulphide minerals, such as pyrite, arsenopyrite, and boulangerite have been observed within the veins and in the surrounding host rocks. Within the Horseshoe zone, visible gold is found in brecciated and locally annealed vuggy quartz veins, features characteristic of epizonal gold deposits.

Bullseye Drilling – Tables of Selected Assays

Table 1: Selected drill assays

Bullseye Drilling 2023 – Selected Assays (Exceeding 1.00 g/t Au Value) from Sawn NQ Drill Core

Hole ID From (m) To (m) Sample Length (m) Vertical Depth (m) Below Surface Analysis Method Au Assay (ppb)* Au Assay (g/t) Au – Weighted Average Grade (g/t )**

BE-23-018 439.00      439.55 0.55 ~330m FA-AA 1,307.00 1.31 1.31 g/t Au over 0.55m

BE-23-020 37.55        38.10 0.55 ~30m Screen-Met 4,837.41 4.84 4.84 g/t Au over 0.55m

AND 286.00      287.00 1.00 ~225 FA-AA 1,724.00 1.72 1.47 g/t Au over 2.00m

287.00      288.00 1.00 1,214.00 1.21

AND 377.75      378.60 0.85 ~295m FA-AA 1,088.00 1.09 1.09 g/t Au over 0.85m

BE-23-021 234.35      235.05 0.70 ~165m FA-AA 5,098.00 5.10 5.10 g/t Au over 0.70m

BE-23-022 243.35      243.70 0.35 ~180m FA-AA 6,402.00 6.40 6.40 g/t Au over 0.35m

BE-23-023 144.35      145.00 0.65 ~105 Screen-Met 5,247.08 5.25 1.88 g/t Au over 4.55m

145.00      145.35 0.35 1,804.71 1.80

145.35      146.00 0.65 862.26 0.86

   146.00      146.65 0.65 2,769.04 2.77

146.65      147.45 0.80 479.63 0.48

147.45      148.00 0.55 1,098.88 1.10

148.00      148.90 0.90 1,265.41 1.27

BE-23-024 175.50      176.00 0.50 ~110m FA-AA 1,027.00 1.03 1.03 g/t Au over 0.50m

AND 218.90      219.65 0.75 ~137m FA-AA 1,171.00 1.17 1.17 g/t Au over 0.75m

BE-23-025 75.05        75.55 0.50 ~55m FA-AA 1,105.00 1.11 0.90 g/t Au over 1.35m

75.55        76.00 0.45 321.00 0.32

76.00        76.40 0.40 1,284.00 1.28

BE-23-026 283.25      283.65 0.40 ~200m FA-AA 943.00 0.94 0.94 g/t Au over 0.40m***

BE-23-027 301.20      301.80 0.60 ~200m Screen-Met 960.50 0.96 1.61 g/t Au over 2.05m

301.80      302.75 0.95 2,381.89 2.38

302.75      303.25 0.50 936.92 0.94

BE-23-028 77.45        78.00 0.55 ~55m FA-AA 1,406.00 1.41 1.41 g/t Au over 0.55m

AND 102.10      102.45 0.35 ~75m Screen-Met 1,452.74 1.45 4.08 g/t Au over 1.60m

102.45      103.00 0.55 549.60 0.55

103.00      103.70 0.70 8,158.83 8.16

AND 253.70      254.45 0.75 ~185m Screen-Met 4,849.34 4.85 4.85 g/t Au over 0.75m

AND 255.30      256.30 1.00 ~186m Screen-Met 14,589.07 14.59 14.59 g/t Au over 1.00m

AND 302.05      302.40 0.35 ~225m Screen-Met 1,537.97 1.54 1.17 g/t Au over 1.95m

302.40      302.90 0.50 1,893.87 1.89

302.90      303.60 0.70 512.56 0.51

303.60      304.00 0.40 1,090.85 1.09

AND 307.40      308.35 0.95 ~228m Screen-Met 2,502.79 2.50 2.59 g/t Au over 3.45m

308.35      309.05 0.70 1,585.07 1.59

309.05      310.00 0.95 4,164.00 4.16

310.00      310.85 0.85 1,754.98 1.75

AND 340.60      341.45 0.85 ~250m FA 1,523.00 1.52 1.52 g/t Au over 0.85m

BE-23-029 302.45      303.00 0.55 ~215m FA 834.00 0.83 0.83 g/t Au over 0.55m***

*Assays reported direct from lab certificate. Screen-Met samples are ‘Weighted Averaged ppb’ as calculated from lab

**All intersections are core intervals and do not represent true thickness

***Highest assay value from drill hole

Table 2: Drill Collar Data

Bullseye – Collar Information for Reported Drill Holes

Hole ID Easting Northing Elevation (m) Azimuth Dip Length (m)

BE-23-018 659597 5431025 38 45 -45 445

BE-23-020 659622 5430992 37 195 -50 418

BE-23-021 659621 5430756 43 328 -48 400

BE-23-022 659601 5430736 43 335 -50 293

BE-23-023 660056 5431254 36 300 -45 463

BE-23-024 660039 5431335 21 300 -45 388

BE-23-025 660040 5431186 21 300 -45 367

BE-23-026 659738 5430874 40 335 -45 394

BE-23-027 659672 5430723 44 275 -45 400

BE-23-028 659663 5430710 44 190 -45 403

BE-23-029 659779 5430743 43 300 -45 451

Coordinates Reported in NAD-83

Bullseye Gold Property

The Bullseye claims were staked by Exploits in September 2022, and are contiguous to the very active targets currently being drilled by both New Found Gold and Labrador Gold. The claims are considered by the Company’s geologists to be highly prospective because they directly overlay a 1,200 by 400 metre segment of the Appleton Fault and its related splay structures. Over a dozen exploration drill rigs have been employed by the three companies operating within this structural-stratigraphic setting over the past two years.

Quality Assurance – Quality Control (“QA/QC”)

All prospective NQ core is logged and delineated for sampling by an Exploits’ professional geologist. The core is subsequently halved by a diamond-bladed core saw by the Company’s technicians with one half being placed in a bag with a unique sample identification. The remaining half core is retained within the Company’s secure storage facility in Gander, NL. Sample bags are sealed and then shipped directly to Eastern Analytical Ltd. Certified standards and blanks are inserted at defined intervals following the Company’s QA/QC documented procedures, representing approximately 5% of all samples sent for assaying. All core samples are currently analyzed at Eastern Analytical Ltd. of 403 Little Bay Road, Springdale, NL, a commercial laboratory that is ISO/IEC 17025 accredited and completely independent of Exploits. Samples are analyzed using fire assay (30g) with AA finish (Au-FAA 30 ppb process) and/or a four-acid digestion followed by multi-element ICP-OES analysis. All samples with visible gold or assaying above 10.0 g/t Au are further assayed using metallic screen to mitigate the presence of the nugget effect of coarse gold. Metallic screen assays are reported as ‘Weighted Averaged ppb’ directly calculated from the lab.

National Instrument 43-101 Disclosure

Ken Tylee, P.Geo., VP of Exploration with Exploits, is a qualified person within the Provinces of Ontario and Newfoundland and Labrador as defined by NI 43-101. Mr. Tylee has reviewed and approved the technical information presented herein.

About Exploits Discovery Corp.

Exploits is a Canadian mineral exploration company focused on the acquisition and development of mineral projects in Newfoundland and Labrador, Canada. The Company is focused on discovering high-grade structurally hosted epizonal gold similar to New Found Gold’s success along the Appleton Fault zone and parallel structures within the Exploits Subzone.

Exploits is utilizing its experienced, talented local team and geologic understanding with the vision to become one of the most successful explorers in Canada.

On Behalf of the Board

/s/ “Jeff Swinoga”
President and CEO

For more information, please contact:

Shanda Kilborn
VP, Investor Relations
+1 (778) 819-2708
This email address is being protected from spambots. You need JavaScript enabled to view it.
https://exploitsdiscovery.com

Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of this news release.

Forward-Looking Statements

This news release contains certain forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of the Company’s exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR+ at www.sedarplus.ca. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.

Acknowledgments

Exploits Discovery would like to acknowledge the financial support of the Junior Exploration Assistance Program from the Department of Natural Resources, Government of Newfoundland and Labrador.

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August 14, 2023

CMP Mining Reports Drill Results

2023-08-10 18:36:46

Vancouver, B.C. – August 10, 2023 – TheNewswire – CMP MINING INC. (the “Company”) (CNSX:CMP) reports the status of exploration at the Coquigold gold silver project, located 10 kilometers southwest of the community of Merritt, BC. The Company has an option agreement with Cariboo Rose Resources Ltd. (“Cariboo”) (TSXV-CRB) in which it may earn a 70% interest in the project over a four-year term by making a series of cash, common share, and work expenditure investments.

Three known occurrences on the Property show indications of epithermal alteration; the Castillion Creek exhalative zone in the north containing 3 stacked exhalative/sinter units, the possible southern lateral extension of the Castillion Creek exhalative/sinter zone; the XYZ zone (6 kilometers to the south) and an area of silica-altered plutonic and volcanic rock named the D zone (7 kilometers to the southeast), which was the focus of recent drilling; 274 meters in three holes (CQ22-01,102.1m, CQ22-02,145.4m and CQ22-03, 26.5m).

Summary of Drill Results:

CQ22-01: overburden 0-16m, hole bottom 112.1m, no significant precious metal values.

CQ22-02: overburden 0-19m; strong limonite-carbonate alteration 71.0-95.0m and 142.0m-145.4m; hole bottom 145.4m, no significant precious metal values.

CQ22-03: overburden 0-3m; strong limonite-carbonate alteration 3.0-26.5m; anomalous arsenic (to 90 ppm) 4.0-16.0m, hole bottom 26.5m, no significant precious metal values.

Simultaneous to the drilling program, which was completed by Paradigm Drilling of Kamloops, BC, between Dec. 3 and 23, 2022, an airborne survey (magnetic, radiometric and VLF-EM ) was completed by Precision Geophysics of Langley BC. A compilation showing an image of total magnetic intensity with known epithermal occurrences including the D zone overlain is attached to this news release. Of particular interest are linear features outlined by contrasting high and low magnetic intensity contours. An exploration permit application has been submitted to allow exploration of these features.

The Company is currently evaluating additional targets on the property that were developed from airborne geophysical data collected in 2022 as well as surface prospecting efforts.

Analytical work was completed by MSALabs Ltd. of Langley BC. Using a 30 gram sample with fusion and trace level AAS detection procedures for gold and 0.5 gram sample digested in a 3:1 Aqua Regia mixture and analyzed with ICP-AES procedures for base metals.

Qualified Person

J.W. (Bill) Morton, P. Geo , the “Qualified Person” as defined by NI43-101 has reviewed, validated and approved the scientific and technical information contained in this news release and supervises the exploration Program at Coquigold.

About the Company

CMP Mining Inc. is a mineral exploration company focused on its Coquigold Property located near Merritt, British Columbia. For further information, please refer to the Company’s disclosure record on SEDARPLUS (www.sedarplus.com) or contact the Company by email at This email address is being protected from spambots. You need JavaScript enabled to view it. or by telephone at (604) 375-5578.

On Behalf of the Board of Directors

Rick Trotman
Chief Executive Officer

Forward-Looking Information

Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect, including with respect to the Company’s business plans respecting the exploration and development of the Coquigold Property, the proposed work program on the Coquigold Property and the potential and economic viability of the Coquigold Property. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, and dependence on key personnel. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.

The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

The CSE has not reviewed, approved or disapproved the contents of this news release.

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August 10, 2023

CanAlaska Uranium Reports Significant Alteration in First Drill Program at Geikie Uranium Project

2023-08-10 05:33:13

Structurally Controlled Hydrothermal Alteration Associated with Faulted Graphitic Stratigraphy

Project Expanded by Staking 1,187 Hectares; Adding Priority Targets

Vancouver, British Columbia–(Newsfile Corp. – August 10, 2023) – CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7N) (“CanAlaska or the “Company”) is pleased to announce successful completion of the 2023 drill program at the Geikie project near the Athabasca Basin margin (Figure 1). The program focused on a 15-kilometre-long northeast trending conductor system with high-priority structural targets that were compiled from recent high-resolution airborne radiometric, magnetic, and electromagnetic surveys in combination with prospecting, structural mapping, and historical data review. The Company reports the objectives of the program were exceeded, identifying graphitic host rocks with large reactivated and brecciated fault zones, associated with hydrothermal alteration and elevated radioactivity.

Figure 1 – Geikie Project Location

2023 Geikie Summer Drill Program

The Geikie project is located approximately 10 kilometres east of the Athabasca Basin margin and 10 kilometres west of Highway 905. The 2023 summer drill program consisted of 2,217 metres in eight drill holes, representing CanAlaska’s first drill holes on it’s 60%-owned Geikie project. The program successfully intersected graphitic host rocks, showing evidence of multiple post-Athabasca structural reactivation events, associated with the intersection of north-south and northwest trending faults, hydrothermal alteration, and elevated radioactivity.

Figure 2 – 2023 Geikie Drill Program Results

The drill program confirmed the presence of hydrothermal alteration systems within a complex structural framework at Geikie, which is important in the formation of basement-hosted high-grade uranium deposits.

Results of this first drill program will allow for refinement of the exploration model on the Geikie project to target the most prospective portions of the multiple structural corridors. Significant early results from the Preston Creek target area indicates the 15-kilometre-long structural corridor represents a high priority target area for further drill testing (Figure 2).

Geochemical assay results for the 2023 program are pending.

2023 Geikie Summer Drill Program Target Area Results Summary

The Preston Creek target area is located at the northeastern end of the 15-kilometre-long conductor trend. Five drill holes (GKI004 – GKI008) were completed within this target area (Table 1). Each drill hole in this target area intersected re-activated basement faults, up to 30 metres in width, consisting of clay gouge and breccias within variably graphitic pelitic host rocks. Hydrothermal alteration enveloping the major fault zones consisted of hematite, chlorite, clay, and structurally-enhanced graphitic clays. Within the fault zones, the alteration intensifies and locally overprints the original host rock through numerous phases of faulting and fluid circulation (Figure 3). At the base of GKI004, an extensive zone of pervasive hematite alteration was intersected at the inferred contact between the Wollaston metasediments and Johnson Lake Granite. The 21-metre-thick interval was characterized by intense brick-red hematite completely overprinting the primary texture of the host rock. Abundant interstitial specular hematite and pyrite nodules were disseminated throughout the rock and as microfractures and fracture fillings. Additionally, in GKI005, elevated radiometry, up to 1,000 cps CT007-M, was intersected from 255.3 to 255.6 metres, associated with a sheared graphitic pelite. The complex structural framework of the Preston Creek target area with the associated hydrothermal alteration is very encouraging for the prospectivity of this portion of the 15-kilometre-long conductor trend and the broader project area.

The Aero Lake target area is located at the southern end of the 15-kilometre-long conductor trend. One drill hole (GKI 002) was completed within this target area (Table 1). GKI002 intersected a large re-activated fault zone from 59 to 88 metres characterized by cohesive breccias and cataclastic faults with dark grey clay gouge. Hydrothermal alteration spatially associated with the fault zone consists primarily of clay alteration and chloritization. At the base of GKI002, elevated radiometry, up to 1,750 cps CT007-M, is associated with semi-massive biotite in a pegmatite unit from 185.0 to 185.6 metres.

The Hourglass Lake target area is located midway along the 15-kilometre-long conductor trend. Two drillholes (GKI001 and GKI003) were completed within this target area (Table 1). Each drill hole intersected intervals of weakly to moderately graphitic pelite with only minor structural reactivation. The inferred offset of the conductor package identified from the VTEM survey has not yet been explained.

All reported depths and intervals are down hole depths and intervals, unless otherwise noted, and do not represent true thicknesses, which have yet to be determined.

CanAlaska CEO, Cory Belyk, comments, “The presence of large fault structures, hydrothermal alteration and elevated radiometric values is a great outcome from this first drilling program by CanAlaska and Basin Energy. The early drill results clearly indicate the right ingredients for basement-hosted uranium deposit formation are present and active on the Geikie project. This first exploration program has tested a very small portion of this very large project and there is very little doubt that further data analysis when assays are returned in conjunction with new geophysical data will yield additional high priority targets for the next phase of exploration.”

Figure 3 – Hydrothermal alteration enveloping fault zones in Preston Creek Target Area

Geikie Project Expansion

The Geikie uranium project was recently expanded through claim staking to add two additional claims (Figure 2) totalling 1,187 hectares, now bringing the total Geikie project size to 35,084 hectares. The new claims are host to the historical Johnson Lake (Marina) Pb-Zn-Ag showing which consists of mineralization in outcrops, boulders, and drillholes. The mineralization occurs as disseminations, layers, and coarse pod-like segregations in addition to infills along fractures. Historical grab samples returned up to 5.31% Pb, 1.49% Zn, and 1.0 oz/t Ag. The additional claims have been added to the existing earn-in agreement between Basin Energy and CanAlaska.

Table 1 – 2023 Summer Drill Hole Collar Summary

Drill Hole Target Area Easting Northing Elevation
(m A.S.L.) Azimuth (˚) Dip (˚) EOH (m)

GKI001 Hourglass Lake 548157 6369438 463.5 130 -60 249.4

GKI002 Aero Lake 545821 6366173 446.0 128 -50 240.5

GKI003 Hourglass Lake 544743 6368493 461.0 130 -50 152.0

GKI004 Preston Creek 551165 6372430 450.5 110 -50 390.0

GKI005 Preston Creek 551424 6373287 436.7 122 -45 331.0

GKI006 Preston Creek 552146 6375884 462.0 120 -45 310.0

GKI007 Preston Creek 551977 6374956 474.0 120 -45 176.0

GKI008 Preston Creek 551245 6372646 433.6 100 -45 368.0

Notes: Easting and Northing coordinates are reported in UTM Zone 13N (NAD83 datum). EOH = end of hole.
m A.S.L. = metres above sea level.

Geikie Project Overview

The Geikie Project is located just outside the eastern margin of the Athabasca Basin within the Wollaston Domain. The Project area has been subject to minimal exploration for uranium, with most significant work targeting base metals between 1967 and 1980. During this regional work, a series of mineralized showings were discovered in the Mud Lake and Johnson Lake South (Marina South) areas. The Mud Lake uranium-molybdenum showing recorded a series of anomalous rock chips with grades of up to 0.225%U, 5.2%Mo, and 1.4%Cu. The Johnson Lake South (Marina South) lead-zinc prospect recorded anomalous mineralization in outcrop of up to 2.03% Pb, 7.2% Zn and 0.93 oz/t Ag. Recent ground prospecting on the project has since confirmed the Mud Lake uranium-molybdenum, showing results with up to 3,250 ppm molybdenum total and 0.21% uranium total in grab samples.

The primary target on the Geikie project is basement-hosted uranium mineralization, where uranium bearing structures intersect favourable metasedimentary host rocks. The Geikie project is located within 10 kilometres of recent discoveries of basement-hosted uranium mineralization at the nearby Gemini Mineralized Zone (“GMZ”) and ACKIO. These recent discoveries along with known mineralization at the nearby Agip-S and West Way prospects, all underscore the prospectivity of this portion of the Wollaston Belt.

The Geikie project is currently being sole-funded by Basin Energy Limited (ASX: BSN) under an option earn-in agreement with the Company.

Geochemical Sampling Procedures

All drill core samples from the 2023 program were shipped to the Saskatchewan Research Council Geoanalytical Laboratories (SRC) in Saskatoon, Saskatchewan. The samples were shipped in secure containment for preparation, processing, and multi-element analysis by ICP-MS and ICP-OES using total (HF:NHO3:HClO4) and partial digestion (HNO3:HCl), boron by fusion, and U₃O₈ wt% assay by ICP-OES using higher grade standards. Radiometric assay samples are chosen based on downhole probing radiometric equivalent uranium grades and scintillometer (SPP2 or CT007-M) peaks. Assay samples comprise 0.3 – 0.5 metre continuous split-core samples over the mineralized interval. A 0.1% U₃O₈ cut-off with a maximum internal dilution of 1 metre is used for compositing and reporting the data. The SRC is an ISO/IEC 17025/2005 and Standards Council of Canada certified analytical laboratory. Blanks, standard reference materials, and repeats are inserted into the sample stream at regular intervals by CanAlaska and the SRC in accordance with CanAlaska’s quality assurance / quality control (QA/QC) procedures. Geochemical assay data are subject to verification procedures by qualified persons employed by CanAlaska prior to disclosure.

About CanAlaska Uranium

CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7N) holds interests in approximately 350,000 hectares (865,000 acres), in Canada’s Athabasca Basin – the “Saudi Arabia of Uranium.” CanAlaska’s strategic holdings have attracted major international mining companies. CanAlaska is currently working with Cameco and Denison at two of the Company’s properties in the Eastern Athabasca Basin. CanAlaska is a project generator positioned for discovery success in the world’s richest uranium district. The Company also holds properties prospective for nickel, copper, gold and diamonds. For further information visit www.canalaska.com.

The qualified technical person for this news release is Nathan Bridge, MSc., P.Geo., CanAlaska’s Vice President, Exploration.

On behalf of the Board of Directors
“Cory Belyk”
Cory Belyk, P.Geo., FGC
CEO, President and Director
CanAlaska Uranium Ltd.

Contacts:

Cory Belyk, CEO and President
Tel: +1.604.688.3211 x 138
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

General Enquiry
Tel: +1.604.688.3211
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Neither 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

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

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August 10, 2023

Marvel Receives First Set of Drill Permits at Houliere-Duhamel Nickel-Copper-Cobalt Property, Lac St. Jean, QC

2023-08-09 00:06:43

VANCOUVER, BC / ACCESSWIRE / August 9, 2023 / Marvel Discovery Corp. (TSXV:MARV)(Frankfurt:O4T)(OTCQB:MARVF); (“Marvel” or the “Company”) is pleased to report the company has received its first drill permit on Duhamel Ni-Cu-Co and Ti-V-Cr property (the ‘Property’) located 350 kilometres (km) north of Quebec City, QC (Figure 1). Following the interpretation of the TDEM and magnetic airborne survey, Marvel increased its land position in the Saguenay-Lac-Saint-Jean Anorthosite Suite from 42 claims to 102 claims for a total of 5,300 hectares (see press release dated February 15, 2022).

Marvel has completed extensive work to date on the Duhamel project which includes flying the entire property with airborne TDEM and magnetic and compilations of all historical data as it prepares for an inaugural drilling campaign on the property. The Company intends to drill up to 15 holes totaling 2000 meters targeting both the Houliere and Duhamel Zones.

Figure 1. Regional location of the Duhamel Property
Late-off time domain TDEM response anomalies have outlined 7 (seven) linear target trends (A through G) that strike northwest-southeast for several kilometres.

Figure 2. Late-off time TDEM response anomalies on the Duhamel Ni-Cu-Co Property.
These Late-off time domain electromagnetic (TDEM) responses coincide well with the edges of magnetic highs, making them targets of high merit for massive sulphides (Figure 2). The compilation efforts have shown precisely that all known massive to semi-massive sulphide occurrences occur within two of these trends. Beyond five (5) zones with same geophysical targets remain largely under unexplored.

Geophysique TMC has been contracted to perform Low Frequency Time Domain Electromagnetic surveys over the highest priority target areas. The numerical modeling of these results added of the historical data will be utilized in 2023 in real-time to plan the first drill-holes on this project.

Mr. Karim Rayani, Chief Executive Officer, commented, “An unprecedented fire season throughout much of Quebec has resulted in unanticipated exploration delays for many explorers in the province and we are no exception. We have taken this down-turn to solidify relations with our First Nations communities and finalize geological compilations of our property positions. We are now happy to report that the field crews are mobilized to the Duhamel Property, and we are excited to start the first ever surface low frequency TDEM surveys on this property. This exploration technique is strongly utilized for nickel explorers. The borehole TDEM surveys in drillhole will be utilized likewise to prioritize our focus to the highest conductance target. We are very excited to start our first drilling on Duhamel Property.”

The Duhamel Property
The Duhamel project is located between Chutes-des-Passes and Pipmuacan Reservoir deformation zones (or areas) included in central part of Proterozoic Grenville Geological Province (Figure 2). The Duhamel Property is characterized by the presence of large mafic to ultramafic intrusive rock bodies located in northern margin of the Saguenay‐Lac‐Saint‐Jean (SAGLSJ) Anorthosite Suite, one of the largest anorthosite intrusive bodies in the world. The Chute-des-Passes-Pipmuacan reservoir areas contains numerous massive sulfide and iron oxide mineralization occurrences recognized and documented by the Quebec government (Sigeom, Figure 3).

Figure 3. Ni‐Cu‐Co and Fe‐Ti‐P‐V mineral occurrences on the Chute-des-Passes and Pipmuacan Areas (modified from Hébert et Cadieux, 2002)
The Duhamel Property currently contains seven (7) occurrences of Ni-Cu-Co sulphides and one (1) Fe-Ti-V iron oxide occurrence discovered between 1997 to 2001 by previous operators who defined a 13 km long mineralized rock corridor (Figure 4). Drill intercept highlights include 1.27% Ni, 0.33% Cu, and 0.12% Co over 3.0 meters by Virginia Gold Mines in 2000 that contained massive sulfides. The recalculation of 100% sulfides from gave 2.42% Ni over 0.5m (hole 1279-2001-29 gave 1.4% Ni over 0.5m). Compilation of historic assessment reports to date reveals more than thirty (30) Ni-Cu (Co) and four (4) Fe-Ti (V, Cr) mineral occurrences which confirms this corridor to be highly prospective for new Ni-Cu-Co discoveries, as well as Fe-Ti (Cr, V) discoveries.

Further to the compilation of previously filed assessment reports Marvel recovered from historical data a grab sample (from massive Iron-Titanium Oxides), the result assaying 0.28% V₂O₅associated with 20.8% T_iO₂ and 0.13% Cr₂0₃.

Figure 4. Cu-Ni-Co and Fe-V-Ti-Cr mineral occurrences in Houliere-Duhamel property (Modified from SIGEOM, 2023)
Qualified Person
The technical information contained in this report has been reviewed also by Jean-Paul Barrette Géo/ P.Geo, is an independent project geologist and consultant. Mr. Barrette is a member of the Ordre des Géologues du Québec (OGQ, # 619). Mr. Barrette has sufficient experience (39 years) and relevant to the style of mineralization and the type of deposit under study and the activity undertaken to qualify as a competent person as defined by NATIONAL INSTRUMENT 43-101, Standards of Disclosure for Mineral Projects. Mr. Barrette carried out several geological reconnaissance works in the Houliere-Duhamel sector and recently made there a compilation of historical works.

About Marvel Discovery Corp.
Marvel, listed on the TSX Venture Exchange for over 25 years, is a Canadian based emerging resource company. The Company is systematically exploring its extensive property positions in:

Newfoundland (Slip, Gander North, Gander South, Victoria Lake, Baie Verte and Hope Brook – Au Prospects)

Atikokan, Ontario (BlackFly – Au Prospect)

Elliot Lake, Ontario (East Bull – Ni-Cu-PGE Prospect)

Quebec (Duhamel –Ni-Cu-Co prospect & Titanium, Vanadium, and Chromium Prospect)

Prince George, British Columbia (Wicheeda North – Rare Earth Elements Prospect)

The Company’s website is: https://marveldiscovery.ca/

ON BEHALF OF THE BOARD
Marvel Discovery Corp.
“Karim Rayani”
Karim Rayani
President/Chief Executive Officer, Director
Tel: 604 716 0551 email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Disclaimer for Forward-Looking Information:
Certain statements in this release are forward-looking statements which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Forward-looking statements in this press release relate to, among other things: completion of the proposed Arrangement. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. There is no assurance any of the conditions for closing will be met. Forward-looking statements reflect the beliefs, opinions, and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

Neither 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.

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August 9, 2023
Prismo Metals Expands Drill Program at Palos Verdes

2023-08-03 08:54:25

Further Exploration Program Recommended by Joint Technical Committee

Vancouver, British Columbia–(Newsfile Corp. – August 3, 2023) – Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) (“Prismo” or the “Company“) is pleased to announce that given the success of the current drill program, it plans to expand the program at the Palos Verdes property located in the Panuco district in Mexico. The new holes will be drilled from Vizsla Silver Corp. (TSXV: VZLA) concessions adjacent to the Palos Verdes concession and will target the Palos Verdes vein at depth. A recommendation presented the Panuco Joint Technical Committee calls for drilling of approximately 3,600 meters in ten holes to be completed in two phases. The Joint Technical Committee is comprised of Prismo’s CEO Dr. Craig Gibson, Vizsla Silver’s VP Exploration Dr. Jesus Velador and Dr. Peter Megaw.

“The Panuco Joint Technical Committee has recommended this drill program to test the Palos Verdes vein underneath the current level of drilling. Our strategic partner, Vizsla Silver, has submitted a permit application for the drill sites as part of this expanded exploration program in the Northeast portion of the Panuco district,” said Alain Lambert, Executive Chairman of the Company. “We recently received several bonanza grade intercepts and the highest-grade intercept ever recorded from the Palos Verdes project, with a 0.5-meter sample assaying 102 g/t gold and 3,100 g/t silver (see Prismo’s news release dated July 27, 2023). This expanded drilling will test under this intercept as well as at depth in the northeastern portion of the concession where we think the mineralization has been offset downward.”

The planned drilling from Vizsla’s concessions will be from approximately eight sites in two phases. The first phase will include seven holes with an average depth of about 300 meters, while the second phase will consist of three holes with an average depth of about 500 meters. The holes are designed to test the Palos Verdes vein at depth on Prismo’s Palos Verdes concession and also test for the vein extension and splits on the adjacent Vizsla ground.

“The relatively shallow bonanza-type grades reported at Palos Verdes to date, suggest potential for additional high-grade mineralization at depth in veins of the northeast part of Panuco district. We are excited to proceed with the recommendation presented by the Panuco Joint Technical Committee to expand the drilling program, because of the opportunity it gives us to increase our knowledge of the veins in this part of the district through Prismo’s expanded drill program,” said Michael Konnert, President and CEO of Vizsla Silver. “Vizsla Silver owns a right-of-first refusal on the Palos Verdes project. We look forward to the deeper drilling-results at Palos Verdes.”

Figure 1. Geologic and drill hole map of the Palos Verdes and adjacent concessions.

Figure 2. View of Palos Verdes project from below the surface and looking northerly, showing the Palos Verdes vein in red, mineralized shoot in magenta and drill holes mentioned in this
news release, Phase 1 in blue, and Phase 2 deep holes in green.

The Company is in the process of completing a 2,500-meter drill program on the Palos Verdes project. The drill program is designed to test the areas of the Palos Verdes vein system in areas where there previously was no drill access, mainly along the northeastern extension of the vein system and certain areas in the southwestern portion where previous drilling occurred. Ten holes have been completed for a total of about 2,035 meters of HQ core drilled for the current program, with an eleventh hole in progress. Assays for seven holes, PV-23-19 to PV-23-25 have been reported, and the last three completed holes have been sent to the lab. About three holes remain in the program, after which the drill crew is expected to take a two-week break.

Photo of core from hole PV-23-29 showing intervals with multistage vein mineralization with brecciation and locally abundant sulfide minerals. Assay results pending.

QA/QC

Samples taken by Prismo are analyzed by multielement ICP-AES and MS methods internationally recognized analytical service providers. Certified Reference Materials including standard pulps and coarse blank material are inserted in the sample stream at regular intervals.

Dr. Craig Gibson, PhD., CPG., a Qualified Person as defined by NI-43-01 regulations and President, CEO and a director of the Company, has reviewed and approved the technical disclosures in this news release.

About Palos Verdes

The Palos Verdes project is located in the historic Pánuco-Copala silver-gold district in southern Sinaloa, Mexico, approximately 65 kilometers NE of Mazatlán, Sinaloa, in the Municipality of Concordia. The Palos Verdes concession (claim) covers 700 meters of strike length of the Palos Verdes vein, a member of the north-easterly trending vein family located in the eastern part of the district outside of the area of modern exploration. Shallow drilling (<100m) conducted in 2018 on the Palos Verdes Vein was targeted 30 to 50 meters beneath largely barren vein outcrops and cut a well mineralized multistage vein two to seven metres wide with narrow intervals of high-grade precious metal values and subordinate base metals (see table of intercepts at www.prismometals.com). This mineralization is open in all directions and the currently planned drilling program is designed to follow it along strike and to depth.

About the Vizsla Silver Panuco Project

The newly consolidated Panuco silver-gold project is an emerging high-grade discovery located in southern Sinaloa, Mexico, near the city of Mazatlán. The 7,189.5-hectare, past producing district benefits from over 86 kilometres of total vein extent, 35 kilometres of underground mines, roads, power, and permits.

The district contains intermediate to low sulfidation epithermal silver and gold deposits related to siliceous volcanism and crustal extension in the Oligocene and Miocene. Host rocks are mainly continental volcanic rocks correlated to the Tarahumara Formation.

The Panuco Project hosts an estimated in-situ indicated mineral resource of 104.8 Moz AgEq and an in-situ inferred resource of 114.1 Moz AgEq. An updated NI 43-101 technical report titled “Technical Report on the Mineral Resource Estimate Update for the Panuco Ag-Au-Pb-Zn Project, Sinaloa State, Mexico” was filed on SEDAR on March 10, 2023 by Vizsla Silver Corp., with an effective date of January 19, 2023 was prepared by Allan Armitage, Ph.D., P.Geo., Ben Eggers, MAIG, P.Geo. and Yann Camus, P.Eng. of SGS Geological Services.

About Prismo

Prismo (CSE: PRIZ) is mining exploration company focused on two precious metal projects in Mexico (Palos Verdes and Los Pavitos) and a copper project in Arizona (Hot Breccia).

Please follow @PrismoMetals on Twitter, Facebook, LinkedIn, Instagram, and YouTube

Prismo Metals Inc.
1100 – 1111 Melville St., Vancouver, British Columbia V6E 3V6

Contact:
Craig Gibson, President & Chief Executive Officer This email address is being protected from spambots. You need JavaScript enabled to view it.

Jason Frame, Manager of Communications This email address is being protected from spambots. You need JavaScript enabled to view it.

Neither the Canadian Securities Exchange accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements other than statements of historical fact, including without limitation, statements regarding the anticipated content, commencement and exploration program results, the ability to complete future financings, required permitting, exploration programs and drilling, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct.

The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, the state of the financial markets for the Company’s equity securities, the state of the commodity markets generally, variations in the nature, the analytical results from surface trenching and sampling program, including diamond drilling programs, the results of IP surveying, the results of soil and till sampling program. the quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the inability of the Company to obtain any necessary permits, consents or authorizations required, including CSE acceptance, for its planned activities, the inability of the Company to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, the potential impact of COVID-19 (coronavirus) on the Company’s exploration program and on the Company’s general business, operations and financial condition, and other risks and uncertainties. All of the Company’s Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties.

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August 3, 2023
San Lorenzo Gold Completes Next Phase of Salvadora Drill Program

2023-08-03 06:08:16

Calgary, Alberta – TheNewswire – August 3, 2023 – San Lorenzo Gold Corp. (TSXV:SLG) (“San Lorenzo”) is pleased to announce completion of the additional drilling on the Caballo Muerto Zone of its flagship Salvadora property in Chile.

The drilling program was designed to expand upon the discovery hole that was drilled during San Lorenzo’s 2022 drilling program. That hole, SAL 03-22, encountered significant porphyry style mineralization returning grades of 1.44 g/t gold over 112 meters.

This program involved the drilling of 4 holes totaling 1414.4 meters of drilling – all of which offset the SAL 03-22 discovery hole.

Figure 1 below provides the locations and directions of the holes drilled:

Terry Walker, San Lorenzo’s VP Exploration stated: “We are pleased to report that significant mineralization and the same style of alteration as in SAL-03-22 was encountered in each hole. We are excited to receive the assay results from these in the near future and plan to follow up with much larger and systematic drilling programs to define the gold- copper resources within the CMZ and the five other porphyry copper-gold and related high-grade epithermal gold-silver-copper zones.

Gordon Aldcorn, San Lorenzo’s VP Corporate Development commented” “Our Salvador property, that totals 8,969 ha’s and is on trend and just 15km from the El Salvador mine (that has been in production for over 60 years), is endowed with a number of mineralized zones of merit. The Arco de Oro and the Tres Amigos epithermal systems have exhibited favorable drill results to date, while the Caballo Muerto zone currently being drilled is just one of several copper-gold rich porphyry style alteration zones on the property that merit further exploration. As our limited drill program generates further data we will continue to seek opportunities to further our objective to uncover our target porphyry objective while also exploring means of monetizing the other zones of merit on the Salvadora property.”

Samples have been shipped to ALS Laboratories in La Serena for preparation and from there the sample pulps will be shipped to Lima, Peru for analysis. Results are expected to take 3-4 weeks and will be released as assay results become available.

About San Lorenzo Gold Corp.

San Lorenzo Gold is in the business of exploring for and advancing mineral properties. San Lorenzo currently has three 100% owned properties in Chile: Salvadora, Nancagua and Punta Alta. The Salvadora property is being explored for large scale copper-gold porphyry targets and high-grade epithermal gold-silver-copper vein systems. Nancagua is a high grade mesothermal gold-silver prospect. Punta Alta is a IOCG prospect with related disseminated and vein style high grade copper-gold-silver-cobalt mineralization.

For further information on the Corporation, readers are referred to the Corporation’s website at www.sanlorenzogold.com and its Canadian regulatory filings on SEDAR at www.sedar.com.

For further information concerning this press release, please contact:

Gordon Aldcorn

V.P. Corporate Development

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Phone: +1 587-430-0333

Or:

Terry Walker M.Sc.

VP Exploration

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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 news release.

Not for distribution to United States newswire services or for release, publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States

Cautionary Note Regarding Forward-Looking Information

This press release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of San Lorenzo. All statements included herein other than statements of historical fact, including statements pertaining to the drilling program, are forward-looking information. Such forward-looking information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Any forward-looking statements are made as of the date of this release and, other than as required by applicable securities laws, San Lorenzo does not assume any obligation to update or revise them to reflect new events or circumstances.

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August 3, 2023
Northern Graphite’s Lac des Iles Mine May have Many More Years, Preliminary Drill Results Show

2023-08-02 05:52:15

Ottawa, Ontario–(Newsfile Corp. – August 2, 2023) – Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG) (the “Company” or “Northern“) is pleased to announce initial drill results from its Lac des Iles (“LDI”) mine that point to the potential to extend the life of North America’s only significant graphite producer.

Northern embarked on the new drilling program within the existing mine lease at Lac des Iles in May after a detailed review of historical studies and mine plans, and an airborne geophysical program identified a number of target zones on the LDI property. To date, 43 holes for 4,081 metres have been drilled.

“Lac des Iles has been producing graphite for over 30 years, but the previous owners of the property had underinvested in exploration. After looking at past data we decided to dive deeper, and we are discovering some very interesting prospects,” said Northern Chief Executive Officer Hugues Jacquemin. “There is big potential here.”

Northern acquired Lac des Iles in April 2022 and financed the drilling program with the proceeds of the Company’s $2.25 million charity flow-through private placement completed on April 27, 2023. The program’s target zones on the LDI property (located in Quebec, 180 kilometres northwest of Montreal) included the northern extension of the pit, mineralization in the west side of the pit wall and numerous electromagnetic conductors. Final assay results from the program are anticipated to be available in the fourth quarter.

“With nearly half the results in from our drilling campaign, preliminary findings show the potential to extend the life of the mine at Lac des Iles, meaning it could be around for a lot longer than what was indicated when we acquired the mine,” said Northern Chief Operating Officer Kirsty Liddicoat. “There is a lot more drilling to be done and we won’t know for sure until all the results are available, but we are optimistic that in coming months we will be able to say not only if, but for how long we can extend the life of this mine.”

LDI has long been supplying traditional graphite markets – from refractory bricks for steelmaking to heat management in mobile phones and friction and lubrication products for brakes and brake linings for the global automobile industry. Graphite makes up nearly half of the critical mineral content of a Lithium-Ion battery and Northern is positioning itself to be an integrated mine-to-battery company, including plans to build North America’s largest Battery Anode Material plant in Baie-Comeau, Quebec. The Lac des Iles mine produces some 15,000 tonnes per year of graphite in concentrate and has the capacity to produce 25,000 tonnes per annum.

“It’s encouraging to see that Lac des Iles may be producing longer and at full capacity so it can continue to be a sustainable, key graphite supplier to the market while also feeding graphite into our planned battery anode material plant in Baie-Comeau,” said Northern Chief Executive Officer Hugues Jacquemin. “As the EV market develops, we are building Northern to be a uniquely positioned cornerstone provider of graphite and graphite products to the cleantech and battery markets.”

Highlights of the program include:

Section B (west wall between pit 2 and pit 6)

Hole F4-23-02 returned 8.19% graphitic carbon (“Cg”) over 7.3m,

Hole F4-23-04 returned 7.47% Cg over 2.6m, 5.56% Cg over 1.2m, and 5.14% Cg over 6.7m, and

Hole F4-23-08 returned 8.29% Cg over 5.8m.

Zone 4 (west wall of pit 2)

Hole F4-23-28 returned 9.85% Cg over 16.95m,

Hole F4-23-29 returned 7.45% Cg over 23.6m, and

Hole F4-23-42 returned 9.43% Cg over 14.2m.

All results reported herein are true widths. A complete table of drill results and additional technical information on the exploration program are available on the Company’s website here.

Early interpretation of the results shows the geology of Section B is similar to the Lac des Iles pit 2 reserve, while in Zone 4 the initial drilling indicates a larger mineralized zone to the West and below the current pit than the historically mined swarm of narrow mineralized zones within the pit.

Figure 1: Section 12650N of Zone 4 showing increased thickness in mineralisation (looking North, widths shown are drill core intercepts and not true width)

Airborne Survey

A comprehensive geophysical survey was executed in 2023 by Prospectair Geoservices of Québec, Canada, using high-resolution heliborne magnetic (MAG) and time-domain electromagnetic (TDEM) survey techniques. The survey covered a total of 92-line kilometres on the LDI property, utilizing advanced technology to identify shallow and deep geophysical targets and structures.

The survey has identified significant potential for graphite mineralization. The four most promising exploration targets are 5, 10, 15 and F2N and additional targets for future work include 7, 9 and between pits 6 and 12 as shown in Figure 2.

The interpretation of the survey data highlights the influence of north-south structural trends on graphite-bearing mineralization within the property. The areas with potentially high concentrations of graphite mineralization coincide with the geological contact between the metasedimentary rocks and quartzofeldspathic gneisses. This trend is consistent with the geology of current operations. These areas also exhibit high conductivity or EM responses (High Tau Values).

Figure 2: Airborne Survey results highlighting target exploration zones.

The survey findings demonstrate the potential to host graphite mineralization to the West of the current and historic mine workings. The identified areas of interest, characterized by high magnetic gradients and EM conductivity, have been prioritized for further investigation and represent compelling opportunities for future graphite exploration outside of the current 2023 exploration program.

Quality Assurance – Quality Control (QA/QC)

Northern maintains an industry-standard analytical quality assurance and quality control (“QA/QC“) and data verification program to monitor laboratory performance and ensure high quality assays. All core is logged and delineated for sampling by a qualified geologist. Samples of graphitic mineralization are taken at 2-metre intervals, adjusted with respect to lithological and/or mineralogical contacts. The core is subsequently halved by a geological technician using a diamond-bladed core saw, then one half is sawn again to create quarter sections. One of the quarter sections is placed in a bag with a unique sample identification number. The remaining three quarters of core are retained within the Company’s secure storage facility at Lac-Des-Iles. Sample bags are sealed and then transported to the onsite laboratory where analysis is undertaken.

Certified standards, blanks and duplicates are inserted at defined intervals following the Company’s QA/QC documented procedures, representing approximately 10% of all samples sent for assaying. Samples are analysed for Graphitic Carbon with ELTRA analyzer with HCI leaching. 5% of all samples assayed on site have pulps/duplicate samples sealed and shipped to SGS Lakefield laboratories at Lakefield, ON, a commercial laboratory that is ISO/IEC 17025 accredited and completely independent of Northern Graphite. The samples are analysed by SGS for Graphitic Carbon with IR (Leco) with calcination, HCI leaching and combustion to check and validate the results against those from the LDI lab.

Figure 3: Aerial view of 2023 exploration program at Lac des Iles.

Qualified Persons

All scientific and technical information contained in this press release has been reviewed and approved by Yvan Bussieres, P.Eng. (planning) and Bernard-Olivier Martel, P.Geo. (geology), who are independent consultants for Northern and are qualified persons as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Northern Graphite

Northern is a Canadian, TSX Venture Exchange listed company that is focused on becoming a world leader in producing natural graphite and upgrading it into high value products critical to the green economy including anode material for lithium-ion batteries/EVs, fuel cells and graphene, as well as advanced industrial technologies.

Northern is the only significant graphite producing company in North America and will become the third largest producer outside of China when its Namibian operations come back online. The Company also has two large scale development projects, Bissett Creek in Ontario and Okanjande in Namibia, that will be a source of continued production growth in the future. All projects have “battery quality” graphite and are located close to infrastructure in politically stable jurisdictions.

For media inquiries contact
Pav Jordan, VP of Communications
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

For additional information

Please visit the Company’s website at http://www.northerngraphite.com/investors/presentation/, the Company’s profile on www.sedar.com, our Social Channels listed below or contact the Company at (613) 271-2124.

LinkedIn

YouTube

Twitter

Facebook

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain “forward-looking statements” within the meaning of applicable Canadian securities laws. Forward- looking statements and information are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “potential”, “possible” and other similar words, or statements that certain events or conditions “may”, “will”, “could”, or “should” occur. Forward-looking statements in this release include statements regarding, among others, the Company’s intentions to complete the drill program, the anticipated results from the drill program, the potential to extend the life of the LDI mine and the Company’s intentions with respect to advancing its developments projects to production and developing the capacity to manufacture value added products. All such forward-looking statements are based on assumptions and analyses made by management based on their experience and perception of historical trends, current conditions and expected future developments, as well as other factors they believe are appropriate in the circumstances. However, these statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected including, but not limited to unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of other parties to perform as agreed; social or labour unrest; changes in commodity prices; unexpected failure or inadequacy of infrastructure and the failure of ongoing and contemplated studies to deliver anticipated results or results that would justify and support continued studies, development or operations. Readers are cautioned not to place undue reliance on forward-looking information or statements.

Although the forward-looking statements contained in this news release are based on what management believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with them. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.

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.

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August 2, 2023

T2 Metals Signs Drill Contract for Sherridon Copper-Zinc Project, Manitoba

2023-08-02 03:05:23

Vancouver, British Columbia–(Newsfile Corp. – August 2, 2023) – T2 Metals Corp. (TSXV: TWO) (OTCQB: AGLAF) (WKN: A3DVMD) (“T2” or the “Company”) is pleased to announce that the Company has signed a contract with Quesnel Bros. Diamond Drilling Ltd (“QB Drilling”) for at least 1600 metres of core drilling in approximately 10 holes at the Sherridon copper-zinc project in the Flin Flon district of west-central Manitoba.

The drilling program will target the Lost, Cold and Bob historical resource areas where high grade copper (Cu) and zinc (Zn) rich mineralization has previously been discovered from surface to more than 250 metres vertical depth. These three prospects lie approximately 4km apart, all with existing road/surface access and each within 1km of an operational rail line.

Halo Resources Ltd and HudBay Minerals Inc together drilled more than 180 holes in the Sherridon region between 2006 and 2011 when metal prices were significantly lower than today. Despite many high-grade Cu-Zn-Ag results, the project has seen no exploration drilling for more than 10 years.

Past drilling highlights from the prospects to be targeted in the upcoming program include:

HOLE_ID FROM (m) TO (m) INTERVAL (m) Cu (%) Zn (%) Ag (ppm) Au (ppm)

Cold Lake DH-156 61.15 78.45 17.3 2.70 4.10 47.5 2.6

Lost Lake HLL003 71.00 82.90 11.9 1.54 5.42 17.9 0.7

Bob Lake DH-05 181.60 206.60 25.0 0.76 0.49 7.2 0.2

Table 1: Selected historical drill results from the Sherridon project. See Halo Resources Ltd disclosure at www.sedarplus.ca for more information.

The recent launch of “The Manitoba Critical Minerals Strategy: Driving Sustainable Growth” by the Government of Manitoba highlights the importance of exploration for copper and other critical metals and minerals in Manitoba. The Honorable Heather Stefanson, Premier of Manitoba, noted that the “clean and low-cost energy sources, competitive business costs, a young and skilled workforce, and world-class education and research institutions” alongside high geological potential places Manitoba in an excellent position to continue to supply low-carbon metals to the world.

Mark Saxon, CEO of T2 Metals Corp., said, “the Sherridon VHMS camp is a well-known part of the Flin Flon – Snow Lake mining district. Despite substantial past production and multiple prospects with high-grade Cu-Zn mineralization like that shown in Table 1, the area has not received any recent exploration. In partnership with the Kiciwapa Cree we are excited to get discovery and development work underway once again.”

The drilling program will be undertaken in close collaboration with the Kiciwapa Cree and Mathias Colomb Cree Nations, with whom an Exploration Agreement was recently signed (see press released dated 13^th June 2023). The program is anticipated to begin during Q3 2023, and remains subject to final permitting. QB Drilling are based in Denare Beach, less than 100km from the drill site, and are an excellent local partner for this program.

Sherridon is a large volcanic hosted massive sulphide (VHMS) camp with an extensive mining history and multiple copper-zinc-silver-gold historical resources and occurrences. The project is well-served by all weather roads, rail and the Sherridon/Cold Lake village.

T2 Metals is focused on copper, nickel and lithium acquisition, exploration and development within the major mining belts of western North America. The Company continues to target under-explored areas, including the Sherridon, Lida and Cora projects where post-mineralization cover masks areas of high geological prospectivity in the vicinity of major mines.

Any references to the terms “ore minerals”, “mineralization” or “mineralized zones” are purely for descriptive purposes and are not intended to be interpreted as or relied upon for any resource or economic evaluation of the project at this time. Although historic exploration data was generated by reputable companies applying practice of the day, T2 Metals Corp cannot verify the data or determine the quality assurance and quality control measures applied in generating the data. Furthermore, there is no guarantee that the exploration history is fully captured. Additional drilling may have been undertaken, however the Company has not been made aware of or obtained additional data. Accordingly, the Company cautions that the exploration data reported in this news release may not be reliable. Readers are cautioned that a “qualified person” as defined by National Instrument 43-101 has not completed sufficient work to be able to verify the historical information, and therefore the information should not be relied upon.

The qualified person for the Company’s projects, Mr. Mark Saxon, the Company’s Chief Executive Officer, a Fellow of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists, has reviewed and approved the contents of this release.

About T2 Metals Corp (TSXV: TWO) (OTCQB: AGLAF) (WKN: A3DVMD)

T2 Metals Corp is an emerging copper and precious metal company enhancing shareholder value through exploration and discovery. T2 is focused on the Sherridon Project in Manitoba, the Lida Project in Nevada, and the Cora Project in Arizona.

ON BEHALF OF THE BOARD,

“Mark Saxon”

Mark Saxon
President & CEO

For further information, please contact:

t2metals.com

1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7
This email address is being protected from spambots. You need JavaScript enabled to view it.

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.

Cautionary Note Regarding Forward-Looking Statements

Certain information set out in this news release constitutes forward-looking information. Forward looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “intend”, “could”, “might”, “should”, “believe” and similar expressions. Forward-looking statements are based upon the opinions and expectations of management of the Company as at the effective date of such statements and, in certain cases, information provided or disseminated by third parties. Although the Company believes that the expectations reflected in forward-looking statements are based upon reasonable assumptions, and that information obtained from third party sources is reliable, they can give no assurance that those expectations will prove to have been correct. Readers are cautioned not to place undue reliance on forward-looking statements.

These forward-looking statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. Such risks include uncertainties relating to exploration activities. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, except as may be required by applicable securities laws.

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August 2, 2023

Avante Mining Mobilizes Diamond Drill to the Voisey’s West Project

2023-08-01 00:06:00

Vancouver, British Columbia–(Newsfile Corp. – August 1, 2023) – Avante Mining Corp. (TSXV: AVA) (“Avante” or the “Company“), is pleased to announce that it has mobilized a diamond drill to the Voisey’s West nickel project (“Voisey’s West” or the “Project”) to begin drilling, targeting zones of 1% plus Nickel. Voisey’s West is located in the same intrusive complex as the near-by Voisey’s Bay mine, and 70km west of the town of Nain, Labrador, Canada.

Highlights

2.5-kilometre trend with high-grade nickel zones

Same intrusive complex hosted on Voisey’s West claims as near-by Voisey’s Bay deposit

1.85% Nickel recently sampled by the Company

First drilling since 2008 drilling cut 14 metres @ 1.02% Nickel, 0.51% Copper and 0.03% Cobalt

Multiple new targets to be tested from 3D modeling

Figure 1: 3D view of conductor plates (red) from VTEM survey over Total Magnetic Intensity (TMI) with proposed drill holes. The modeled image is approximately a 650 x 650 metre area including the All-About-It area and its southern extension.

Adrian Smith, CEO of the Company comments, “Having recently sampled grades up to 1.85% nickel at Voisey’s West we are excited to bring the drill on-site to begin work. We look forward to identifying new zones and are excited to test targets from our 3D modeling, incorporating geology, magnetics, electromagnetics and gravity. With a 2.5-kilometre trend identified, we are aiming to better define the zones where these high-value minerals are concentrated.”

Figure 2: Mobilizing drilling gear at the Voisey’s West project.

Preliminary targets have been identified from new geophysical modeling (see figure 1) and are planned to test VTEM conductors that have not been tested or exist beneath the historic drilling with 8 planned dill holes, total metres to be determined. Along with potential extensions of the No Baccy zone, the Company has also identified a jog, or bend in the main nickel bearing horizon located south of the All-About-It zone. This structure intersects the horizon that has shown nickel values of greater than 1% Nickel, up to 1.85% Nickel, as verified by the Company (see news release dated July 6, 2023).

Initial drilling will focus on the areas with correlating VTEM conductors, magnetic and gravity anomalies located at the south of the All-About-It zone (see figure 1 above) and to the north of the No Baccy zone. These areas have not been properly tested and could represent locations where the flow of magma may have slowed during emplacement allowing gravitational settling of nickel and sulphides.

The Company looks forward to providing updates on the progress and results of the exploration program and drilling at the Voisey’s West project in the coming months.

About the Voisey’s West Project

The Voisey’s West project is located 50km from, and within the same intrusive complex and geological setting as the world class Voisey’s Bay nickel mine.

The Property is in the Churchill Province of Labrador and underlain predominately by quartz-feldspathic and metasedimentary gneisses derived from plutonic and sedimentary rocks. The rocks are intruded by the multi-phase, Nain Plutonic Suite (NPS) composed primarily of anorthosite, troctolite, diorite and granitoids and are known to host nickel-sulphide mineralization.

Following the discovery of Voisey’s Bay deposit, enhanced regional prospecting led to the discovery of three pyrrhotite-chalcopyrite-pyrite-pentlandite showings located on the Voisey’s West project, namely, the Long Pond, All-About-It and No Baccy. Initial surface grab samples from the Long Pond and All-About-It showings returned up to 1.36% Nickel and 0.58% Copper, and 1.05% Nickel and 1.53% Copper respectively. Continued work led to the identification of a primary mineralized corridor occurring over approximately 2.5 kilometres and multiple high-grade nickel drill intersections up to 14 metres of 1.02% Nickel, 0.51% Copper and 0.03% Cobalt.

Disclosure

Some results presented in this release are considered historic in nature. The qualified person for the Company has not verified all of the historic sample analytical data disclosed within this release. While the Company has obtained all historic records, including analytical data from the previous owners of the Voisey’s West project and from various government databases, the Company has not independently verified all of the results of the historic sampling.

Adrian Smith, P.Geo., is a qualified person as defined by NI 43-101 for the Voisey’s West project. The qualified person is a member in good standing of the Professional Engineers and Geoscientists Newfoundland and Labrador (PEGNL) and is a registered professional geoscientist (P.Geo.). Mr. Smith has reviewed and approved the technical information disclosed herein.

About Avante Mining Corp.

Avante Mining Corp. (TSXV: ACP) is a mining exploration company focused on developing high-value geographically significant projects including the Voisey’s West project. Avante is paving the way by combining quality projects with proven exploration strategies and a dedicated team to achieve exceptional outcomes.

The Voisey’s West project is located in the same intrusive complex as the world class Voisey’s Bay Nickel mine where reported remaining proven and probable reserves include 32.4 million tonnes of 2.13% Nickel, 0.96% Copper, 0.13% Cobalt, and additional measured and indicated 10.3 million tonnes of 0.87% Nickel, 0.65% Copper, 0.04% Cobalt. It represents one of the most competitive nickel operations globally.

For more information, visit avantemining.com.

The forward-looking statements contained in this press release are made as of the date hereof and Avante Mining Corp. undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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

CONTACT INFORMATION:
Adrian Smith, CEO and Director
Contact 1-778-331-3816
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August 1, 2023
Bravada Gold Receives Drill Permit Approval for Highland and Encouraging Soil Results at Gabel Projects in Nevada

2023-07-31 10:04:08

Vancouver, British Columbia–(Newsfile Corp. – July 31, 2023) – Bravada Gold Corporation (TSXV: BVA) (FSE: BRTN) (OTCQB: BGAVF) (“Bravada” or the “Company”) announced today that it has received approval, subject to posting the required bond, for a Notice-level drilling permit from the Bureau of Land Management for sixteen drill sites on Bravada’s Highland Project. The project is within the prolific Walker Lane Gold belt, where large gold/silver deposits continue to be discovered, increasingly beneath “barren” surface alteration. The Company also reports on encouraging geochemical results from soil samples recently collected over the gravel-covered portion of the Gabel Project, a Carlin-type gold property within the Battle Mountain/Eureka Gold belt. Both projects are in Nevada.

Highland Project

The Company plans to drill approximately 2,600 metres in 15 holes at the Highland low-sulfidation-type project during the fall of 2023, subject to rig availability. The property consists of 192 Federal lode claims (~1,500 hectares). Previous drilling by Bravada intersected vein zones with high-grade intercepts, confirming the potentially productive nature of a hydrothermal gold system. The Company’s best hole, H02013, intersected 1.5m of 66.9g/t gold and 397.7g/t silver within a 12.2m intercept of 9.5g/t gold and 109.4g/t silver (previously announced, true thicknesses estimated at 65% of the intervals). Highland is a large property with multiple “hot spots” of high-grade gold at surface, although variable thicknesses of gravel cover much of the property and several targets have been identified that have not been previously tested with drilling. The permitted drill sites are for two of those targets, Big Hammer and Geyser.

Widespread samples of float, outcrop, and soils collected at the Big Hammer target contain anomalous gold and pathfinder geochemistry, with values of 0.1g/t to 1.0/g/t Au and with a maximum of 15g/t Au in a float sample. These values are interpreted to be leakage very close to the paleo-surface based on geologic features; thus, with minimal erosion, undiscovered high-grade vein deposits should be preserved in their entirety.

The Geyser target is an extensive area of sinter outcroppings and float. A float sample of a chalcedony veinlet cutting sinter assayed 0.39 ppm Au, indicating a gold-bearing hydrothermal system. CSAMT geophysics indicates the target is an extension of the same fault system that is being tested at the Big Hammer target. Only a few widely scattered shallow historic reverse-circulate holes have been drilled at this target, and drilling has not tested the boiling zone where most of the gold should have been deposited.

Gabel Project

The current Gabel claim group was originally part of a larger claim group extending to the west where excellent Devonian-age host rocks are exposed in outcrop. Although Bravada identified a large area of alteration with attractive pathfinder geochemistry, the Company dropped much of the exposed ground after reviewing drill results that were provided to Bravada by a previous explorer. The Company retained the current claim position to cover an anticlinal fold structure affecting the favorable host rocks, which is a structure frequently hosting the strongest gold mineralization, and to control the strongest surface geochemistry and jasperoid development where those features are covered by alluvium.

Encouraging drill results have been reported from mineralized faults southeast and south-southwest of Bravada’s claims, and those structures project to intersect under the alluvium-covered portion of Bravada’s claims. Soil samples were collected, and gold values are shown on the figure below. Favorable host rock should lie beneath relatively shallow alluvial cover. Additional field work is planned to refine the target, prior to drill planning and permitting.

Other Projects

Additional geologic mapping, soil sampling, and geophysics are also planned to refine drill targets in preparation of drill permitting for the SF/HC project, a Carlin-type gold property in the Battle Mountain/Eureka Gold belt approximately 6km east of the Goldrush/Red Hill development project.

Successful reclamation has been approved by the Bureau of Land Management for previous drill sites at the Wind Mountain project, and planning is underway to modify the permit to allow for additional drilling in areas not yet sufficiently drilled to extend shallow low-sulfidation gold mineralization that is uphill from a second possible leach-pad site.

About Bravada

Bravada is an exploration company with a portfolio of high-quality properties in Nevada, one of the best mining jurisdictions in the World. Bravada has successfully identified and advanced properties with the potential to host high-margin deposits while successfully attracting partners to fund later stages of project development. Bravada’s value is underpinned by a substantial gold and silver resource with a positive PEA at Wind Mountain, and the Company has significant upside potential from possible new discoveries at its exploration properties.

Since 2005, the Company entered into 33 earn-in joint-venture agreements for its properties with 20 publicly traded companies, as well as a similar number of property-acquisition agreements with private individuals. Bravada currently has 10 projects in its portfolio, consisting of 810 claims for approximately 6,500 ha in the Battle Mountain/Eureka and Walker Lane Trends, two of Nevada’s most prolific gold trends. Most of the projects host encouraging drill intercepts of gold and already have drill targets developed. Several videos are available on the Company’s website that describe Bravada’s major properties, responding to investor’s commonly asked questions. Simply click on this link https://bravadagold.com/projects/project-videos/.

Joseph Anthony Kizis, Jr. (AIPG CPG-11513) is the qualified person for the Company and is responsible for reviewing and preparing the technical data presented in this release and has approved its disclosure.

On behalf of the Board of Directors of Bravada Gold Corporation

“Joseph A. Kizis, Jr.”

Joseph A. Kizis, Jr., Director, President, Bravada Gold Corporation

For further information, please visit Bravada Gold Corporation’s website at bravadagold.com or contact the Company at 604.684.9384 or 775.746.3780.

Neither 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.

This news release may contain forward-looking statements including but not limited to comments regarding: the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. These statements are based on a number of assumptions, including, but not limited to, assumptions regarding, general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for the company’s projects, and the availability of financing for the company’s development projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Bravada Gold Corporation does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

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July 31, 2023

Hercules Silver Adds Second Drill Rig to Phase II Drill Program

2023-07-28 05:02:47

Seven drill holes completed to date, with silver mineralization observed in all holes (HER-23-01 to HER-23-07), and assays currently pending;

Oriented core drilling demonstrates a potential northwest-southeast control to higher-grade silver mineralization within Frogpond, suggesting the potential to extend mineralization between historical zones;

First deep hole completed into the western margin of a large chargeability anomaly announced last year, drill hole HER-23-05, intersected alteration and veining consistent with the outer margins of a potential porphyry copper system;

Due to the new style of alteration intersected, HER-23-05 was drilled beyond its original planned depth, to a total of 435 meters;

A second deep hole is currently in progress, HER-23-08, collared approximately 185 meters northeast of HER-23-05, to further investigate the potential of the chargeability anomaly;

The chargeability anomaly spans approximately 1.8 kilometers north-south and remains open to the east, where widespread copper mineralization and porphyry style alteration has been noted on surface;

The Company has elected to add a second drill rig to the Property to allow testing of both near surface silver mineralization as well as potential additional mineralization at depth;

Toronto, Ontario–(Newsfile Corp. – July 28, 2023) – Hercules Silver Corp. (TSXV: BIG) (OTCQB: BADEF) (FSE: 8Q7) (“Hercules Silver” or the “Company“) is pleased to report on progress from its Phase II drill program at the Hercules Property in western Idaho (“Hercules” or the “Property”). Drill holes HER-23-01 to HER-23-07 have been completed within the Frogpond Zone, intersecting varying oxidized and dark grey to black silver-bearing sulfide mineralization within the Hercules Rhyolite host unit. Mineralized veins within the Frogpond Zone show a northwest-southeast trend, as determined from measurements of oriented drill core. Further drilling along this trend is planned, following the receipt of assays from current drill holes.

Drill hole HER-23-05 intersected strong silver-bearing mineralization in the near surface and was continued to depth to test the western limit of a large chargeability anomaly. The anomaly was uncovered by a 3D IP survey carried out over the silver-bearing Hercules Rhyolite host unit at surface on the west side of the Property. The survey however returned a large chargeability anomaly below the limit of historical drilling and the interpreted base of the Hercules Rhyolite. The cause of such a large anomaly at depth was unknown at the time, however HER-23-05 intersected phyllic alteration, veining, and mineralization, consistent with the outer margins of a porphyry copper system, beginning at the top of the chargeability anomaly. It was therefore elected to continue drilling beyond HER-23-05’s planned depth. Phyllic alteration is dominated by pyrite and lesser chalcopyrite, but typically occurs around a higher-grade core of potassic alteration with stronger chalcopyrite mineralization. The chargeability anomaly increases in thickness towards the east where it currently remains open toward stronger copper mineralization at surface. A second drill rig has been added and a second deep drill hole is currently in progress, collared 185 meters to the northeast of HER-23-05. Figure 1 below shows the location of HER-23-05 relative to the anomalous chargeability and copper values at surface. The chargeability anomaly remains open to the east and the Company is currently planning a potential expansion of the survey up to 2 kilometers east.

Figure 1: HER-23-05 drill trace relative to widespread copper mineralization at surface and a 250m depth slice through the chargeability anomaly which remains open to the east with further surveying planned

Management Commentary

Chris Paul, CEO and Director of the Company, noted: “We’re pleased with how our Phase II drill program is progressing and excited to have a second rig now on site. The silver mineralization we’ve intersected throughout the Frogpond Zone has provided us with excellent structural information and indications of a potential extension of the zone. We look forward to further extending our drilling within the near surface silver environment as well as further testing of the exciting new chargeability anomaly at depth.”

Silver Mineralization

Oriented structural measurements of dark grey sulfide veining indicate a northwest-southeast trend to the silver mineralization. Figure 2 illustrates a potential corridor of higher silver grades within the Frogpond Zone that may extend northwest to the Hercules Adit Zone and southeast to the Haystack Zone. Large gaps in the historical drilling remain untested between the zones. The historical drilling was designed for resource definition (shallow vertical holes in a grid pattern), and little attention was paid to the controls on mineralization. The 2023 drill program is utilizing rigs capable of oriented core, allowing for a better understanding of the structural controls that will potentially extend the zones along strike and at depth. Assays are currently pending for HER-23-01 to HER-23-07, the results of which will further optimize the next round of step-out targets.

Table 1: Phase II Completed Drill Holes

Zone Hole ID Easting Northing Azimuth Dip Hole Length (m)

FROGPOND HER-23-01 511432 4956616 210 -76.7 148.71

HER-23-02 511342 4956557 30 -44.9 83.48

HER-23-03 511341 4956558 42 -57.3 139.32

HER-23-04 511289 4956584 30 -70.4 71.93

HER-23-05 511231 4956639 70 -70.1 435.32

HER-23-06 511265 4956663 30 -60 60

HER-23-07 511256 4956646 31 -60.3 108.51

Figure 2: Surface projection of drill traces HER-23-01 to HER-23-07 in the Frogpond Zone, with drill traces coloured blue for near-surface silver targets and orange for the underlying chargeability target in HER-23-05. The interpreted northwest-southeast corridor of higher-grade silver is shown in dashed blue lines, near surface chargeability overlain in transparent.

Second Drill Added

Based on a pattern of alteration observed at depth, the Company has made the decision to add a second drill rig to allow further testing of the large chargeability anomaly at depth. The first drill rig will continue to investigate the large chargeability anomaly with significant step outs of several hundred meters to the east and south, while the second drill rig will remain focused on the primary silver targets in the near surface environment. The next deep drill hole in sequence (HER-23-08) is utilizing an existing drill pad approximately 185 meters to the northeast of HER-23-05 and is favorably oriented to intersect a vein orientation measured in the deeper parts of HER-23-05 (Figure 3).

Figure 3: Surface projection of drill traces HER-23-01 to HER-23-07 in the Frogpond Zone with drill traces coloured blue for near-surface silver targets and orange for the underlying chargeability target in HER-23-05. The interpreted northwest-southeast corridor of higher-grade silver is shown in dashed blue lines, with the orange dashed lines representing the outline of the chargeability anomaly at depth, shown in transparent pink.

Qualified Person

The scientific and technical information in this news release has been reviewed and approved for disclosure by Christopher Longton BS, CPG, Hercules’ Vice President, Exploration. Mr. Longton is a “Qualified Person” for Hercules Silver within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

About Hercules Silver Corp.

Hercules Silver Corp. is a junior mining company focused on the exploration and development of the 100% owned Hercules Silver Project, northwest of Cambridge, Idaho.

The Hercules project is a disseminated silver-lead-zinc system with 28,000 meters of historical drilling across 3.5 kilometers of strike. The Company is well positioned for growth through the drill bit in 2023, having completed extensive surface exploration in 2022 consisting of soil & rock sampling, geological mapping, IP geophysics, and a 9-hole drill program.

The Company’s management team brings significant exploration experience through the discovery and development of numerous precious metals projects worldwide.

For further information please contact:

Chris Paul
CEO & Director
Telephone +1 (604) 449-6819
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. Any securities referred to herein have not and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws of an exemption from such registration is available.

Disclaimer for Forward-Looking Information

This news release contains certain information that may be deemed “forward-looking information” with respect to the Company within the meaning of applicable securities laws. Such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information includes statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.

Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by its nature, forward-looking information involves assumptions and known and unknown risks, uncertainties and other factors which may cause our actual results, level of activity, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.

Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; the Covid-19 pandemic; adverse industry events; the receipt of required regulatory approvals and the timing of such approvals; that the Company maintains good relationships with the communities in which it operates or proposes to operate, future legislative and regulatory developments in the mining sector; the Company’s ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of the Company to implement its business strategies; competition; the risk that any of the assumptions prove not to be valid or reliable, which could result in delays, or cessation in planned work, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company’s expectations, as well as other assumptions risks and uncertainties applicable to mineral exploration and development activities and to the Company, including as set forth in the Company’s public disclosure documents filed on the SEDAR website at www.sedarplus.ca.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF HERCULES SILVER AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE HERCULES SILVER MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

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 press release.

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July 28, 2023

Gold Basin Resources Reports Broad, Shallow Oxide Gold Drill Intercept from Gap Zone Between Stealth and Red Cloud, Suggesting 1.5-km-Long Gold System, and Additional Strong Near-Surface Drilling Results from Red Cloud

2023-07-26 05:39:56

July 26, 2023 – TheNewswire – Vancouver, British Columbia: Gold Basin Resources Corporation (the “Company” or “Gold Basin”) – (TSXV:GXX), (OTC:GXXFF) today announced preliminary results from the 2,224-metre follow-up reverse-circulation (“RC”) drill program at the Company’s 100%-owned Gold Basin oxide gold project in north-western Arizona (the “Gold Basin Project” or the “Project“).

Multiple at- or near-surface oxide gold intercepts at the Red Cloud Deposit (“Red Cloud”) over 60 metres (“m”) in thickness, including:

Key near-surface oxide gold intercept in the central “Gap Zone” between Stealth Deposit (“Stealth”) and Red Cloud:

Entire trend is largely open at depth and along strike;

Anomalous oxide gold intercept 1,700 m step-out along strike to southeast from Red Cloud, 3.04 m @ 0.13 g/t Au from 67.06 m in drillhole CM23-047:

Total of 2,224 m drilled in 18 RC holes, with assays pending for 7 holes;

Follow-up fieldwork is under preparation for the 3.25-km-long, 1.7-km-long and 1.0-km-long gold trends north and east of the Cyclopic Deposit, as well as the 7 new visible gold occurrences discovered during Q2 2023 soil and rock sampling.

Colin Smith, CEO of Gold Basin commented: “Preliminary assays from drilling in the Gap Zone between the Stealth and Red Cloud Deposits are very encouraging, with drillhole CM23-057, located dead-centre of the Gap, intercepting a broad zone of near-surface oxide gold comparable in grade and thickness to typical holes in the neighboring deposits. This suggests the presence of a contiguous 1.5-km-long oxide gold system throughout the Stealth-Red Cloud trend, situated only 900 metres from the 1.7-km-long Cyclopic Deposit.”

2023 Phase 2 Resource Definition Drill Program

A total of 2,224 metres were drilled in 18 RC holes in the follow-up program, with a focus on testing the Gap Zone between Red Cloud and Stealth, the southeast strike of Red Cloud, and select reconnaissance targets distal to the main deposit areas (Figure 1). Of the 11 holes with results received in full, 6 holes returned near-surface intervals of oxide gold mineralization, hosted dominantly from surface to 60 metres vertical depth (Table 1).

Drillhole CM23-057, located in the central portion of the Gap Zone between Stealth and Red Cloud, returned a shallow oxide gold intercept comparable in thickness, grade and gram*metre to that of the neighbouring deposits, suggesting the presence of a 1.5-km-long gold system, spanning the Stealth-Red Cloud trend. Of the 7 drillholes with assays pending, 3 are from the Gap Zone (Figures 2 and 3).

Regional reconnaissance drillhole CM23-047, located 1.7 km along strike (to the southeast) from Red Cloud, returned a significant result from a regional prospectivity point of view. The hole cut 30 metres of strongly oxidized detachment fault zone (Fe-oxide rich polylithic breccia, gouge, oxidized quartz fragments) which returned locally anomalous gold, including 3.04 m @ 0.13 g/t Au from 67.06 m. This indicates that the gold-bearing detachment fault that hosts both Stealth and Red Cloud is intact and auriferous at least 1.7 km southeast of and along strike from Red Cloud. The extension to the trend represents a high-priority drill target for Q3/Q4 2023.

Table 1: Significant drillhole intersections from the Q2 2023 follow-up Drill program. All intersections are interpreted to be true width.

Target

Drillhole

From

(m)

To

(m)

Length

(m)

Au

(g/t)

Interval Summary

Red Cloud

CM23-022A

6.10

71.63

67.07

1.03

69.08 m @ 1.03 g/t Au from 6.10 m

Red Cloud

CM23-022A

10.67

57.91

48.77

1.31

48.77 m @ 1.31 g/t Au from 10.67 m

Red Cloud

CM23-044

9.14

18.29

9.15

1.03

9.15 m @ 1.03 g/t Au from 9.14 m

Red Cloud

CM23-044

16.76

18.29

1.52

5.73

1.52 m @ 5.73 g/t Au from 16.76 m

Red Cloud

CM23-046

0.00

64.01

64.01

0.56

64.01 m @ 0.56 g/t Au from 0.00 m

Red Cloud

incl.

0.00

28.96

30.48

1.00

30.48 m @ 1.00 g/t Au from 0.00 m

Regional Recon

CM23-047

67.06

70.10

3.04

0.13

3.04 m @ 0.13 g/t Au from 67.06 m

Regional Recon

CM23-048

0.00

21.34

21.34

0.10

21.34 m @ 0.10 g/t Au from 0.00 m

Regional Recon

incl.

13.72

16.76

3.04

0.51

3.04 m @ 0.51 g/t Au from 13.72 m

Gap Zone

CM23-057

32.00

91.44

60.96

0.46

60.96 m @ 0.46 g/t Au from 32.00 m

Gap Zone

incl.

33.53

56.39

28.86

0.74

28.86 m @ 0.74 g/t Au from 33.53 m

Figure 1: Plan map of Q2 2023 follow-up drill program hole locations.

Figure 1: Cross section A-A’ of oxide gold intercept in drillhole CM23-057, located in the Gap Zone between Stealth and Red Cloud.

Figure 2: Long-sections of oxide gold drilling assays of (A) Cyclopic and (B) Stealth – Gap Zone – Red Cloud, showing drill targets and potential extensions, and (C) plan map of drillhole collars.

Quality Control/Quality Assurance (“QA/QC”)

Gold Basin Resources Corp. completed the follow-up RC drill program at the Gold Basin Property in April and May 2023, which totaled 2,224 metres in 18 holes, with hole depths ranging from 59.4 to 219.5 metres. Holes were drilled at dip angles ranging from -45° to -90°, with dry air (no injected water or other fluid) using a centre-return hammer.

Samples were collected every 5 feet (1.52 m) and are reduced on-site using a triple-tier Gilson splitter, producing a 2 kg-3 kg assay sample and a 3 kg-5 kg twin sample that can be used for met testing or re-assay work. Coarse blank material, standard reference pulps, and split duplicates are inserted into the sample stream on a 1-in-20 sample basis such that each 23-sample group contains one blank, one duplicate, and one reference pulp. Three standard reference pulps at three different gold grades (0.154 ppm, 0.778 ppm, and 2.58 ppm) are being used. One 1.52 m drill interval in every four intervals is weighed in order to monitor recovery.

Assay samples are placed in shipping sacks together with the field inserts upon completion of each hole. After four holes are completed, all assay samples are transported in their respective shipping sacks to ALS in Tucson, Arizona by a Gold Basin contractor. Prior to shipping, all samples are maintained under the direct control and supervision of the on-site geological staff.

Upon arrival in Tucson, AZ at ALS (ALS), the samples are prepared using ALS codes CRU-31, SPL-31 and PUL-32 procedures (pulverize 1kg split to 85% passing 75 micron) and fire-assayed for gold using ALS Code Au-AA25 procedure (30gm fire assay with AA finish). ALS also inserts its own certified reference materials plus blanks and duplicates. All QA/QC results associated with the assays reported herein are within expectation.

ALS is accredited to ISO/IEC 17025:2017 standards for specific preparation and analytical procedures. For more information about ALS Geochemistry, please visit the company’s webpage at: https://www.alsglobal.com/geochemistry.

ABOUT GOLD BASIN RESOURCES CORPORATION

Gold Basin Resources is engaged in the business of mineral exploration and the acquisition of mineral property assets in North America, including the Gold Basin Property located in the Gold Basin Mining District, Mohave County, Arizona, which comprises five mineral rights and 294 unpatented mining claims totalling 30.8 square kilometres. A total of 74 new unpatented claims and an Option to acquire additional claims has expanded the total land footprint to 42 square kilometres. For further information, please visit the Company’s web site at: www.goldbasincorp.com.

Gold Basin is a member of Discovery Group, an alliance of public companies focused on the advancement of mineral exploration and mining projects. For more information please visit: www.discoverygroup.ca.

QUALIFIED PERSON

Charles Straw, BSc. Geo, a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information that forms the basis for this news release and has approved the disclosure herein. Mr. Straw is an Executive Director of the Company.

On Behalf of the Board of Directors

Colin Smith

Chief Executive Officer

For further information, please contact:

Michael Rapsch
VP, Corporate Development
Phone: 1-604-331-5093

Neither 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 news release.

FORWARD-LOOKING STATEMENTS:

This news release contains forward-looking statements and forward-looking information (collectively, “forward looking statements”) within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, future assay results from further programs, future plans for drilling at the Stealth Deposit, the Company’s expectation that it will be successful in enacting its business plans, and the anticipated business plans and timing of future activities of the Company, are forward looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: “believes”, “will”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “potential”, “scheduled”, “suggests” or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that that there will be investor interest in future financings, market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration and development of the Company’s projects in a timely manner, the availability of financing on suitable terms for the exploration and development of the Company’s projects and the Company’s ability to comply with environmental, health and safety laws.

The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, operating and technical difficulties in connection with mineral exploration and development activities, actual results of exploration activities, the estimation or realization of mineral reserves and mineral resources, the inability of the Company to obtain the necessary financing required to conduct its business and affairs, as currently contemplated, the timing and amount of estimated future production, the costs of production, capital expenditures, the costs and timing of the development of new deposits, requirements for additional capital, future prices of precious metals, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, lack of investor interest in future financings, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, risks relating to epidemics or pandemics such as COVID–19, including the impact of COVID–19 on the Company’s business, financial condition and results of operations, changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or authorizations, including by the TSX Venture Exchange, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint venture operations, and other risks and uncertainties disclosed in the Company’s latest Management’s Discussion and Analysis and filed with certain securities commissions in Canada. All of the Company’s Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law.

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July 26, 2023

Etruscus Resources Hits New Significant Gold Zone Near Surface with 17.3 Metres of 1.3 G/t Gold in Phase 1 Drill Program at Lewis, Newfoundland

2023-07-25 06:02:34

VANCOUVER, BC, July 25, 2023 /CNW/ – Etruscus Resources Corp. (CSE: ETR) (OTC: ETRUF) (FSE: ERR) (the “Company” or “Etruscus”) is pleased to announce fire assay results from all eight drill holes completed during the Company’s initial drill program (the “Program”) at the Lewis Property (or “Property”) in Newfoundland. All drill holes intercepted near surface anomalous gold with the highest grades encountered in the northeast striking, 1.4 kilometres (or “km”) long Corsair gold trend. The Property is road accessible and is situated 5 km south of the Trans Canada Highway in the Gander Gold Belt, approximately 10 km west of New Found Gold’s Keats Zone discovery.

Program Highlights:

MP23-03 drilled 1.3 g/t Au over 17.3 metres (or “m”) including 3.0 g/t Au over 4.9 m, demonstrating a broad zone of anomalous gold mineralization (Click here to view Cross Section);

MP23-04, located 120 m northeast of hole MP23-03, intercepted 1.2 g/t Au over 11.4 m including 3.4 g/t Au over 2.5 m. This is interpreted to be the same zone as encountered in hole MP23-03 representing real potential for gold mineralization between the two holes. These are the best gold intercepts to date on the Property with room for expansion (Click Here to View Plan Map);

All significant intercepts are within 100 m of the surface with all mineralization open to depth as well as along strike;

Due to successful results from the Company’s Phase 1 Program, the Company has now completed the second anniversary payment under the Lewis option agreement and looks forward to a Phase 2 drill program in the coming months; and

Future drilling will seek to find higher grade shoots and expand the strike and depth of known mineralization.

Stephen Wetherup, VP of exploration, commented, “With all drill holes hitting near surface gold mineralization, the assays from our first ever drilling program in Newfoundland are a fantastic start to the development of this project. These results highlight to the market the existence of an additional, mineralized fault system adjacent to the renowned Appleton Fault with three major mineralized trends identified on the Property. Results confirm that these trends contain high to moderate-grade gold within a wider envelope of lower grade disseminated mineralization, differentiating us from many of the neighbouring vein style deposits.”He went on to finish, “These sparsely tested trends provide significant opportunity for higher-grade shoots and have already shown potential as near-surface bulk-tonnage gold targets. With Etruscus drilling less than 1,000 metres to date, we’re excited for the Phase 2 program to continue advancing the project and building on the excellent work delivered so far.”

Figure 1 – 2023 Assay Table

Hole ID

From (m)

To (m)

Interval (m)

Au g/t

*MP23-01A

43.50

54.00

10.50

0.63

Including

52.00

54.00

2.00

3.09

*MP23-02A

66.00

68.00

2.00

0.56

MP23-03

25.70

67.00

41.30

0.65

Including

25.70

43.00

17.30

1.29

Including

38.10

43.00

4.90

2.98

MP23-04

12.60

24.00

11.40

1.23

Including

16.50

19.00

2.50

3.39

MP23-05

41.00

43.00

2.00

0.27

and

84.35

85.00

0.65

0.52

MP23-06

56.00

59.00

3.00

0.76

Including

56.00

57.00

1.00

1.92

MP23-07

48.50

67.70

19.20

0.39

Including

48.50

50.00

1.50

1.37

and

62.00

65.00

3.00

0.95

MP23-08

10.00

37.00

27.00

0.23

Including

32.85

37.00

4.15

0.70

Including

32.85

33.35

0.50

3.71

*Holes MP23-01 & MP23-02 were abandoned due to operational issues

Corsair Trend

At 1.4 km in length, the gold mineralized Corsair Trend was previously established by Noranda in 1990 but failed to demonstrate the grades and width highlighted in this year’s Program. Drill holes MP23-03 and MP23-04, collared within an 800 m gap along the northeast striking Corsair Trend, intercepted better gold mineralization than any previous drill hole on the Lewis Property, leaving significant room for further expansion. Multi- element analysis of the drill core has also revealed a well mineralized stibnite vein/breccia that returned 4.56% antimony (or “Sb”) over a 1 m interval in MP23-04. The Canadian government defines antimony as one of a suite of critical metals needed for a competitive and sustainable economy, and for reference the Beaver Brook antimony mine, located 27 km southwest of the Property, has a reported current resource of 0.5 Mt at 4.17% Sb (Sandeman, 2018).

The Corsair Trend is a structurally controlled corridor with a strong chargeability anomaly related to elevated sulphide content including arsenopyrite, pyrite, and stibnite identified in drill core. The trend itself is likely correlative in geological timing with the structural deformation and northeast trends of New Found Gold Corp.’s Keats Zone Discovery. Follow-up drilling is necessary to define the full extent of the trend as it remains sparsely drilled and open in all directions.

The Hurricane Trend

The northeast striking Hurricane Trend is a chargeability anomaly that measures 1.7 km in length and strikes across Etruscus’ and neighbouring Exploits Discovery Corp.’s claims with well mineralized intervals drilled on both sides of the Property boundary. Drill hole MP23-07 was designed to target below the historic Noranda hole 9 providing geological and structural information enabling a better understanding of the mineralized Hurricane Trend. This northern most drill hole returned a broad 19.2 m zone of 0.39 g/t Au containing multiple anomalous gold samples and demonstrates an open system with significant room for expansion. Drill hole MP23-06, whilst intercepting anomalous gold, appears to have drilled north of the target where a 50 m step back to the south is expected to intercept the trend in future drill programs.

Peyton Trend

Drill holes 01A, 02A and 05 were primarily designed to target the Peyton Trend, a north-south striking chargeability anomaly identified in both historic and more recent IP surveys. All three holes intercepted anomalous gold values with a highlight of 3.1 g/t Au over 2.0 m in MP23-01A. Mineralization is similar to the holes drilled on the Corsair Trend, however, with lower amounts of sulphide and alteration being identified. Initial results suggest the best mineralized trends are northeast striking which may leave the Peyton Trend as a less significant structure for mineralization although further work is still needed to confirm this.

Next steps

The use of IP inversions has allowed the team to successfully improve on the work of previous operators and validates the technology as an important targeting tool on this unique Property. Identification of at least two parallel mineralized trends, each with over 1 km of strike length, provides significant room for expansion. With a shallow dip and mineralization coming to surface, the Company eagerly anticipates the follow-up work program to build on the results and unlock the Property’s full potential.

About Etruscus

Etruscus Resources Corp. is a Vancouver-based exploration company focused on the acquisition and development of precious metal mineral properties. The Company’s assets include the Lewis Property in central Newfoundland, which is under option to acquire a 100% interest, and the 100%-owned Rock & Roll and Sugar properties comprising 28,270 hectares near the past producing Snip mine in Northwest B.C.’s prolific Golden Triangle. Etruscus has exploration properties in two of Canada’s most active gold camps.

Etruscus is traded under the symbol “ETR” on the Canadian Securities Exchange, “ETRUF” on the OTC and “ERR” on the Frankfurt Stock Exchange. Etruscus has 44,085,361 common shares issued and outstanding.

QA/QC

The Company has adopted a rigorous quality assurance and quality control (“QA/QC”) program to ensure best practices when sampling diamond drill core. At the Lewis Property, the Company’s drill core is being assayed by SGS Canada Inc, which has facilities across Canada and globally and is independent of the Company. Core is securely transported from drill site to core facility where it is logged and sampled on average of 2 m per sample although geological constraints may vary length from 0.5-2.5 m. The samples are then half cut with one half sent to the lab and the other half stored in a secure storage facility 10 km away from the property. Once at the lab, samples are crushed to 75% passing 2mm fraction and a 250g split is pulverized to 85% and passes a 75-micron screen. The geochemical analyses were performed by SGS Canada using multi-element aqua-regia digestion ICP-AES package and a 30g fire assay with ICP-AES finish. SGS Canada Inc. is a provider of geochemical laboratory services for the exploration and mining industries and is an ISO 17025 (Testing and Calibration) and ISO 9001 (Quality Management System) accredited laboratory. In addition to the lab’s internal QA/QC program, the Company inserted 10% lab certified standards, blanks, and field duplicates into the overall sampling stream.

Corporate Acknowledgment

Etruscus would like to acknowledge that certain financial support was provided by the Department of Natural Resources, Government of Newfoundland and Labrador, under its Junior Exploration Assistance Program. The Company expects to continue its participation in this provincial program as it conducts further exploration work.

Sources

Sandeman H.A.I. et al. 2018; Beaver Brook Antimony Mine Revisited: an update on operations and new structural and geological observations. Current Research (2018) Newfoundland and Labrador Department of Natural Resources Geological Survey, Report 18-1, pages 123-152.

Qualified Person

Technical aspects of this news release have been reviewed and approved by Stephen Wetherup, BSc., P.Geo., who is a Qualified Person as defined under National Instrument 43-101.

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

This Press Release may contain statements which constitute ‘forward-looking’ statements, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities and operating performance of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking statements as a result of various factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities regulatory authorities, including quarterly and annual Management’s Discussion and Analysis, which may be viewed on SEDAR at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as intended, planned, anticipated, believed, estimated or expected. The Company does not intend, and does not assume any obligation, to update these forward-looking statements.

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

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July 25, 2023

Kuya Silver To Commence Largest Ever Drill Program at Silver Kings Project, Cobalt, Ontario

2023-07-25 05:06:08

Toronto, Ontario–(Newsfile Corp. – July 25, 2023) – Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the “Company” or “Kuya Silver“) is pleased to give an overview of ongoing work and discuss future work plans at the Silver Kings Project. The Company’s next phase of exploration will include an anticipated 6,000 m diamond drill program focused on following up on recently-discovered bonanza-grade silver mineralization at Campbell-Crawford. Preparations will be starting shortly for Kuya’s fully-funded and largest-ever drill campaign at the Silver Kings Project.

Highlights:

Recent drilling in March and April 2023 (Figure 1) at the Campbell-Crawford area intersected a grassroots discovery of 15,372 g/t silver over 3.34 m (hole 23-SK-08) and 2,424 g/t silver over 2.49 m (hole 23-SK-13) (Angus Vein – see Kuya Silver May 30, 2023 news release).

Follow-up surface stripping at Campbell-Crawford and nearby Airgiod target area uncovered three veins, each open along strike: the interpreted Angus Vein (175 m), McNamara Vein (75 m) and Clark Vein (125 m).

The exposed surface extent of these veins is comparable to other major historic silver-cobalt deposits in the Cobalt mining camp. For example, the Carson Vein at Kuya’s Crown Reserve and Kerr Lake mines historically produced >9 million ounces silver over an approximate 200 m strike length (Knight 1922).

Ongoing work shows the potential for numerous other deposit areas within a large land package (Figure 2):

Surficial stripping has advanced the mineralizing potential at Oxbow, Clifton, and north Beaver Lake Fault target areas.

Independent structural analysis indicates the potential for mineralizing structures at Chukuni and Caswell target areas, located in the under-explored, central section of the Silver Kings project area.

6,000+ m diamond drilling campaign is set to commence shortly. The bulk of work is intended to expand mineralization at the Campbell-Crawford target area (Angus and McNamara veins), but other targets areas may also be tested.

David Lewis, Kuya Silver Vice President Exploration, commented: “We are very excited to start our next drill campaign, which will be the largest program that Kuya Silver has undertaken for silver-cobalt mineralization at the Silver Kings Project. The main focus will be to expand the size of the recent discovery at Campbell-Crawford, but we would also expect to test other targets that we have built up recently. I’d like to emphasize that the initial Angus Vein discovery was made by exploratory drill testing of historically overlooked areas, and we have several other similar targets in this world-class mining district at this stage including Airgiod, Mary Ann and Juno. I firmly believe that there are new silver-cobalt deposits to be found at the Silver Kings Project and that Kuya Silver has the right exploration model, land package and technical ability to accomplish this.”

Figure 1 – Isometric view of the Angus and McNamara veins, Campbell-Crawford area, facing northeast.\

2023 Kuya Silver Work Program

A 3,500 m drill campaign was initiated in the Silver Kings project in early 2023, which was designed to test for the expansion of silver-cobalt mineralization at the North Drummond target, Kerr Lake area. The Campbell-Crawford area was selected for limited drill testing as an early-stage target.

The Campbell-Crawford area was selected as a secondary grassroots drill target based on the structural geological model developed through in-house work, as well as the presence of weakly-mineralized veins known on surface and in shallow (35 m deep) historic exploratory workings. The rocks on surface at Campbell-Crawford are part of a 300 m thick flat-lying sill, known as the Nipissing Diabase, and the historic camp model suggests that the upper or lower contact are the best locations for significant silver and cobalt mineralization to be emplaced. Drill hole 23-SK-07 successfully tested the continuity of these veins at depth and discovery hole 23-SK-08 intersected high-grade silver mineralization (15,372 g/t over 3.34 m; approximately 220 m vertical depth) immediately below the Nipissing Diabase contact in the newly-named Angus Vein. The drill remained on site for five additional drill holes (23-SK-09 to -13) and the Angus Vein was successfully pierced in hole 23-SK-13, which intersected 2,424 g/t silver over 2.49 m. The other four holes drilled at the Campbell-Crawford target (23-SK-09 to -12) were likely drilled parallel to the vein (Figure 1), not intersecting the primary target although vein mineralization was intersected in all holes (which may indicate other veins forming as part of the same system); hole 23-SK-13 was drilled in the opposite direction and pierced the Angus Vein at approximately 240 m vertical depth.

Figure 2 – Updated property and exploration target map of the Silver Kings Project, Cobalt, Ontario.

Following the completion of the drill program, an excavator and high-pressure water pumps were brought on site to expose the veins on surface. Two veins were exposed at Campbell-Crawford: the interpreted extension of the Angus Vein (exposed for 175 m total) and the McNamara Vein (exposed for 75 m), both of which are interpreted to continue through the historic exploratory workings (35 m depth; Figure 1). Minor cobalt and nickel mineralization were identified, suggestive of mineralization at depth. The veins were uncovered to test the vein lengths, orientations and density, which may indicate the extent, orientation and density of veins at depth. The excavator was moved to the adjoining Airgiod property, where the anomalously mineralized Clark Vein was sporadically exposed for 125 m along strike and with similar potential for high-grade silver-cobalt mineralization at depth.

Once the veins were exposed at the Campbell-Crawford and Airgiod target areas, the excavator was moved to the southern part of the property to expose bedrock near several other target areas, including Oxbow, Clifton, and north Beaver Lake Fault target areas. Other veins are now being exposed, which will be tested for mineralization and evaluated for further work. Based on Kuya Silver’s exploration model, it is believed that these vein structures pierce through hundreds of meters of Nipissing Diabase, and are suggestive of strong mineralizing systems that may blossom out at depth near the diabase contacts.

References

Knight, C.W. 1922. Geology of the Mine Workings of Cobalt and South Lorrain Silver Areas; Ontario Department of Mines, Thirty-first Annual Report, 374p.

National Instrument 43-101 Disclosure

The technical content of this news release has been reviewed and approved by Mr. David Lewis, P.Geo., Vice President Exploration of Kuya Silver and a Qualified Person as defined by National Instrument 43-101.

About Kuya Silver Corporation

Kuya Silver is a Canadian‐based mineral exploration and development company with a focus on acquiring, exploring, and advancing precious metals assets in Peru and Canada.

For more information, please contact:

David Stein, President and Chief Executive Officer
Telephone: (604) 398‐4493
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.kuyasilver.com

Reader Advisory

This news release contains statements that constitute “forward-looking information,” including statements regarding the plans, intentions, beliefs, and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words “may,” “would,” “could,” “will,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “expect,” “must,” “next,” “propose,” “new,” “potential,” “prospective,” “target,” “future,” “verge,” “favourable,” “implications,” and “ongoing,” and similar expressions, as they relate to the Company or its management, are intended to identify such forward-looking information. Without limiting the generality of the foregoing statements, any discussion of the potential of exploration targets and assay results, is forward-looking information. Investors are cautioned that statements including forward-looking information are not guarantees of future business activities and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those described in the forward-looking information as a result of various factors, including but not limited to fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing, and general economic, market, and business conditions. There can be no assurances that such forward-looking information will prove accurate, and therefore, readers are advised to rely on their own evaluation of the risks and uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.

Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

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July 25, 2023
Pacific Ridge Exploration: Drill Program at Kliyul Copper-Gold Project to Be Increased from 7,000 M to 9,000 M; Largest Ever Drill Program

2023-07-25 05:06:08

Vancouver, British Columbia–(Newsfile Corp. – July 25, 2023) – Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (“Pacific Ridge” or the “Company”) is pleased to announce that it is increasing the size of the diamond drill program at its 100% owned Kliyul copper-gold project (“Kliyul” or the “Project”), located in the prolific Quesnel Trough in north-central British Columbia, from 7,000 m to 9,000 m. This will be the largest ever drill program to take place at Kliyul.

The Company is reallocating the Chuchi copper-gold project (“Chuchi”) 2023 exploration budget (“Chuchi Budget”) to fund the expanded drill program at Kliyul. The 2023 B.C. wildfire season is already the worst on record and the planned 2,000 m diamond drill program at Chuchi had to be cancelled due to fires – an Area Restriction order is in place for the Nation Lakes area, where Chuchi is located. While most of the Chuchi Budget will be reallocated to Kliyul, the Company plans to use some of it for an Induced Polarization (“IP”) survey at the Onjo copper-gold project (“Onjo”), which adjoins the western boundary of Centerra Gold Inc.’s (“Centerra”) Mount Milligan Mine (See Figure 1 for a location map).

The RDP copper-gold project (“RDP”), under option to Antofagasta Minerals S.A. (“Antofagasta”), a wholly owned subsidiary of Antofagasta PLC, is unaffected by fires and the planned 1,800 m diamond drill program is expected to commence in August.

“Although fires prevented us from drilling Chuchi, reallocating the Chuchi Budget for an expanded drill program at Kliyul dramatically increases our chances of success this year,” said Blaine Monaghan, President & CEO of Pacific Ridge. In addition, we can further advance Onjo, which has excellent potential for the discovery of an alkalic porphyry copper-gold deposit.”

Figure 1 – Location of Kliyul, Chuchi, Onjo, and RDP

2023 Kliyul Drill Program Update

Two diamond drill rigs are on site and Pacific Ridge has completed 3,160 metres of the planned 9,000 m drill program.

The two main objectives of this year’s drill program at Kliyul:

Test for extensions of the Kliyul Main Zone to the southeast and into adjacent fault blocks to the north, east and southwest (see Figure 2). These targets are defined by known mineralization from previous drilling combined with modelled geophysical signatures, including a Magnetic Vector Inversion (MVI) aeromagnetic high anomaly with coincident resistivity- and chargeability-high anomalies; and,

Test several high priority targets that occur mainly along the Divide Lake Fault Trend, a highly prospective 6-km-long northwest-trending alteration and mineralization corridor, including Ginger (1.4 km northwest of KMZ), Parish Hill (1 km southeast of KMZ), M-39 (3.5 km southeast of KMZ), and Ginger South (1.2 km west of KMZ), which occurs along the east-northeast Valley Fault Trend (see Figure 3). These targets are interpreted porphyry centres derived from aeromagnetic data and MVI modelling, IP survey inversions, geological mapping, and surface geochemical sampling.

Figure 2 – Plan View of KMZ, Kliyul West, Kliyul North and East Wedge with 38-Hectare Magnetic Vector Inversion (MVI) Anomaly

Figure 3 – Kliyul Targets with RMI Aeromagnetics and the 2023 Proposed Drill Holes

Onjo Copper-Gold Porphyry Project

100% owned by Pacific Ridge, Onjo adjoins the western boundary of Centerra’s Mount Milligan Mine and has exploration targets that are within 16 km of the processing plant. Onjo is over 12,350 hectares in size and can be accessed via a network of forestry roads.

Pacific Ridge’s 2022 exploration program at Onjo identified three new porphyry copper-gold targets (see news release dated December 13, 2022): Gingla, Chica, and Yazi zones. These targets are defined by ZTEM conductivity and aeromagnetic features, surface geochemistry and geological mapping (Chica). All three target zones are aligned along an interpreted ENE-trending cross-arc structural linear (Heidi Lake Trend) that extends westward from the open pit at Mount Milligan (MBX Main zone) through the western brownfield mine expansion area, and then continues westward through the Heidi greenfield target at Mount Milligan and onto Onjo (see Figure 4).

Onjo hosts skarn occurrences and alkalic porphyry copper-gold mineralization associated with dioritic to monzonitic phases of the Witch Lake Diorite (“WLD”) pluton, a satellite pluton of the Hogem batholith and plutonic suite which lies 6-10 km to the northwest. The WLD pluton spatially coincides with a large (9 x 3.5 km) east-southeast trending Total Magnetic Intensity (TMI) aeromagnetic high anomaly that underlies Late Triassic to Early Jurassic volcanic rocks of the Takla Group and Chuchi Lake Succession and crosses an interpreted unconformity between these two host successions. The primary exploration target, the Chica zone, lies at the southeastern margin of this magnetic high anomaly where it occurs with the Early Jurassic host rocks and is less than 2 km from the unconformity. It should be noted for comparison that the nearby Mount Milligan porphyry Cu-Au deposit is Early Jurassic in age and lies at the southern margin of a large (11 x 3.5 km) north-northwest trending aeromagnetic high anomaly.

Figure 4 – TMI Aeromagnetic Map of Onjo. Also Shown is the Inferred Arc-Transverse Heidi Lake Trend Extending Westward from the Mount Milligan Mine

2023 Onjo Exploration Program

2023 exploration at Onjo will comprise up to 10 line-km of IP geophysical survey in two reconnaissance lines (4-5 line-km each) across two target areas, Chica and Gingla:

One IP line will be run across the Chica target area where 2022 mapping identified a crowded plagioclase monzodiorite porphyry that is quartz-sericite and locally K-feldspar and actinolite altered with trace chalcopyrite (up to 1320 ppm Cu); surface sampling of rocks returned an 800 x 500 m multi-element porphyry pathfinder anomaly.

A second IP line will be run across the Gingla target area which has similar scale and basin-edge relationship as the historical MBX Main zone at Mount Milligan, now the open pit. The Gingla target features a shallow-to-deep (360 Hz to 30 Hz) continuous ZTEM conductivity anomaly with anomalous porphyry pathfinder geochemistry in historical and recent surface rock sampling despite there being an obscuring blanket of till overburden.

The style of copper-gold mineralization returned in historical drilling, combined with the presence of nearby skarn occurrences, leads Pacific Ridge to believe that past operators at Onjo encountered the upper and/or peripheral levels of an alkalic porphyry system, and that this may be a moderately eastward tilted system like the Mount Milligan silica-saturated alkalic porphyry Cu-Au deposit. As such, there is excellent potential for the discovery of a similar type of porphyry deposit.

2023 RDP Exploration Program

Drilling in 2022 produced the best-ever drill result from RDP. Drill hole RDP-22-005 at the Day target returned 107.2 m of 1.45% CuEq (0.63% Cu, 1.10 g/t Au, and 2.91 g/t Ag) within 497.2 m of 0.68% CuEq (0.37% Cu, 0.40 g/t Au, and 1.6 g/t Ag)¹. 2023 exploration plans include 1,800 m of diamond drilling, a 16 line-km IP survey at the Day, Porcupine, and Bird targets, rock sampling at the Porcupine target, and soil sampling at the Bird target (see Figure 5).

Figure 5 – RDP Targets

The 2023 exploration program is being funded by Antofagasta who can earn a 75% interest in RDP by spending $10,000,000 on exploration over eight years and delivering a preliminary economic assessment report (see news release dated February 8, 2022). Pacific Ridge is the operator and will support the program from the Kliyul camp, located 40 km to the east. Drilling is expected to commence sometime in August.

About Pacific Ridge

Our goal is to become British Columbia’s leading copper-gold exploration company. Pacific Ridge’s flagship project is its 100% owned Kliyul copper-gold project, located in the Quesnel Trough close to existing infrastructure. In addition to Kliyul, the Company’s project portfolio includes the RDP copper-gold project (optioned to Antofagasta Minerals S.A.), the Chuchi copper-gold project, the Onjo copper-gold project, and the Redton copper-gold project, all located in British Columbia. Pacific Ridge would like to acknowledge that its B.C. projects are located in the traditional, ancestral and unceded territories of the Gitxsan Nation, McLeod Lake Indian Band, Nak’azdli Whut’en, Takla Nation, and Tsay Keh Dene Nation.

On behalf of the Board of Directors,

“Blaine Monaghan”

Blaine Monaghan
President & CEO
Pacific Ridge Exploration Ltd.

Corporate Contact:
Blaine Monaghan
President & CEO
Tel: (604) 687-4951
www.pacificridgeexploration.com
https://www.linkedin.com/company/pacific-ridge-exploration-ltd-pex-
https://twitter.com/PacRidge_PEX

Investor Contact:
G2 Consultants Corp.
Telephone: +1 778-678-9050
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

¹CuEq = ((Cu%) x $Cu x 22.0462) + (Au(g/t) x $Au x 0.032151) + (Ag(g/t) x $Ag x 0.032151)) / ($Cu x 22.0462)
Commodity prices: $Cu = US$3.50/lb., $Au = US$1,750/oz., and Ag = US$20.00/oz.
Factors: 22.0462 = Cu% to lb. per tonne, 0.032151 = Au g/t to troy oz per tonne, and 0.032151 = Ag g/t to troy oz per tonne.
Recovery is assumed to be 100% – there has been no metallurgical testing on RDP mineralization

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.

The technical information contained within this News Release has been reviewed and approved by Gerald G. Carlson, Ph.D., P.Eng., Executive Chairman of Pacific Ridge and Qualified Person as defined by National Instrument 43-101 policy.

Forward-Looking Information: This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, which address exploration drilling and other activities and events or developments that Pacific Ridge Exploration Ltd. (“Pacific Ridge”) expects to occur, are forward-looking statements. Forward looking statements in this news release include the planned 9,000 m drill program at Kliyul, the 1,800 m drill program at RDP, and the IP survey at Onjo. Although Pacific Ridge believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, that one of the options will be exercised, the ability of Pacific Ridge and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Pacific Ridge’s proposed programs on reasonable terms, and the ability of third party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Pacific Ridge does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

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July 25, 2023

Midnight Sun Confirms High Grade Drill Intercepts at Mitu

2023-07-25 03:03:33

Copper mineralisation style and grade similar to Sentinel Mine

Vancouver, British Columbia–(Newsfile Corp. – July 25, 2023) – Midnight Sun Mining Corp. (TSXV: MMA) (OTCQB: MDNGF) (the “Company” or “Midnight Sun”) is pleased to provide the remaining drill results from holes MTDD047 and MTDD048, and a summary of results from the 2022 drilling campaign on the Mitu Trend, one of four key prospects which comprise the Company’s Solwezi Project in Zambia. Initial laboratory results were received shortly after the conclusion of drilling in 2022, however the Company chose to re-assay select drill core in order to confirm laboratory accuracy. SGS Inspection Services Kalulushi, has now completed all assays and the Company is pleased to report that initial results were confirmed, and significant mineralisation was encountered. Copper mineralisation intercepted at Mitu is associated with cobalt, nickel, and anomalous gold. This suite of metals is comparable in mineralization style and grade to those at First Quantum’s Sentinel Mine, located approximately 120 kilometres west of Midnight Sun’s Solwezi Project.

2022 Mitu Drill Highlights Include:

MTDD044: 11.50m @ 1.41% copper, 0.11% cobalt, and 0.03% nickel

Incl. 4.15m @ 1.29% copper, 0.13% cobalt, and 0.09% nickel; and

Incl. 5.80m @ 1.86% copper, 0.07% cobalt, and 0.02% nickel

MTDD045: 7.30m @ 0.58% copper, 0.02% cobalt, and 0.02% nickel

MTDD047: 26.10m @ 0.32% copper, 0.07% cobalt, and 0.05% nickel

MTDD048: 22.25m @ 0.39% copper, 0.01% cobalt, and 0.01% nickel

Al Fabbro, Midnight Sun’s President & CEO, stated: “We are very pleased to see that these final results from Mitu are consistent with earlier drilling. Though delays are never ideal, confirming our initial results was a prudent step toward developing a sound technical model and establishing our future plans for this key component of our Solwezi Project. Our 2022 exploration program has accomplished precisely what we had hoped for, which is proof of concept. This new work has revealed more insight into the mineralisation at Mitu, and most exciting for our team is the revelation that the geology at Mitu is consistent with that of First Quantum’s Sentinel Mine, located a short distance to the west. We have long believed that there could be multiple large geological systems on our 506 square kilometre property, and this not only establishes an analog for Mitu, but strengthens our belief that more than one generational copper deposit may exist on our property.”

Midnight Sun completed 17 diamond-drill-holes totaling 3,559 metres (“m”) on the Solwezi Project during the 2022 field season, consisting of 7 holes at the Mitu Trend target area and 10 holes at the Crunch Zone target area. Initial results were announced on November 7, 2022. The 2022 drilling program resulted from a review of available date and culminated in a set of drill targets that included a ‘new look‘ at existing target areas as well as newly defined targets interpreted from high-resolution geophysical data over the project area.

Significant Downhole Intercepts

Hole From (m) To (m) Interval (m) Au g/t Cu (%) Co (%) Nickel (%) Cu Eq (%)

MTDD043 32.00 34.80 2.80 not assayed 0.12 0.01 0.20 0.65

MTDD044 9.00 12.00 3.00 not assayed 0.10 0.00 0.01 0.16

MTDD044 13.15 16.00 2.85 not assayed 0.12 0.01 0.02 0.24

MTDD044 18.95 31.00 12.05 not assayed 0.14 0.00 0.02 0.23

MTDD044 51.00 55.00 4.00 0.01 0.19 0.02 0.01 0.35

MTDD044 60.00 64.85 4.85 not assayed 0.46 0.02 0.02 0.69

MTDD044 98.00 110.00 12.00 not assayed 0.18 0.01 0.02 0.29

MTDD044 113.50 125.0 11.5 0.10 1.41 0.11 0.03 1.92

MTDD045 52.00 57.00 5.00 not assayed 0.18 0.01 0.09 0.43

MTDD045 146.30 149.00 2.70 not assayed 0.14 0.01 0.01 0.22

MTDD045 149.00 156.30 7.30 not assayed 0.58 0.02 0.02 0.72

MTDD045 157.00 168.00 11.00 0.07 0.23 0.01 0.01 0.31

MTDD045 171.30 174.00 2.70 not assayed 0.18 0.05 0.01 0.39

MTDD047 14.40 17.40 3.00 not assayed 0.39 0.01 0.01 0.46

MTDD047 36.40 42.90 6.50 not assayed 0.19 0.01 0.02 0.28

MTDD047 79.30 105.4 26.10 not assayed 0.32 0.07 0.05 0.72

MTDD048 32.40 45.90 13.50 not assayed 0.23 0.01 0.03 0.34

MTDD048 71.50 93.75 22.25 not assayed 0.39 0.01 0.01 0.45

Notes:

Reported intervals are the downhole widths. More structural and orientation data is required to determine true widths.

Reported intervals are calculated for zones assaying > 0.1% copper or 0.01% cobalt and containing less than 2 meters of internal waste.

Copper equivalent values are estimated using current metal prices of $3.75/lb copper, $15/lb cobalt, and $9.25/lb nickel. Gold has not been included in the equivalent calculation.

Copper equivalent values are presented for ease of interval comparison only. Metallurgical recovery factors are assumed to be 100% although the recovery factors for various metals may vary significantly.

Location of Drill Holes

Hole East North RL Azimuth Dip EOH

CRZDD001 424175 8647400 1376 -55 100 238.1

CRZDD002 424257 8647385 1376 -55 100 160.5

CRZDD003 424077 8647417 1367 -55 110 205

CRZDD004 423892 8652334 1392 -60 330 168.6

CRZDD005 423996 8647432 1359 -60 100 281.5

CRZDD006 423955 8652167 1398 -60 330 211

CRZDD007 418120 8648817 1352 -60 315 276.55

CRZDD008 424933.8 8652368 1392.31 -60 330 201.3

CRZDD009 418023.9 8648913 1362.75 -60 315 190.3

CRZDD010 419544.6 8647731 1383.54 -60 315 209.5

MTDD042 431035 8636307 1372 -60 315 242

MTDD043 431105 8636378 1372 -60 315 215.7

MTDD044 428016 8638405 1373 -60 315 217

MTDD045 427611 8638095 1357 -60 315 224.5

MTDD046 428322 8638090 1370 -60 315 245.1

MTDD047 427982 8638452 1374.6 -60 315 143.4

MTDD048 428044.2 8638435 1373.13 -60 315 141.4

Quality Control/Quality Assurance

Samples obtained during the diamond drilling were transported directly to SGS Inspection Services in Kalulushi, Zambia by Midnight Sun personnel for sample preparation. There the samples were sorted, dried, crushed, and pulped before final chemical analysis using ICP42S method which encompasses a 3 or 4 acid digest followed by an AAS multi-element scan. All samples returning >10,000 ppm Cu were automatically re-assayed for higher level concentrations by SGS, which is a fully accredited laboratory. Standards and blanks were inserted regularly in the sample stream and checks were done for Cu. A subset of pulps from MTDD044 and MTDD045 were selected and airfreight to SGS South Africa for gold analysis by fire assay.

Qualified Person: Richard Mazur, P.Geo., a Director of the Company, and a Qualified Person under NI 43-101, has reviewed and approved the technical data and contents of this release.

About Midnight Sun

Midnight Sun is focused on exploring our flagship Solwezi Project, located in Zambia. Situated in the heart of the Zambian Copper Belt, the second largest copper producing region in the world, our property is vast and highly prospective. Our Solwezi Project is surrounded by world-class producing copper mines, including Africa’s largest copper mining complex right next door, First Quantum’s Kansanshi Mine. Led by an experienced geological team with multiple discoveries and mines around the world to their credit, Midnight Sun intends to find and develop Zambia’s next generational copper deposit.

ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP.

Al Fabbro
President & CEO

For Further Information Contact:
Adrian O’Brien
Director of Marketing and Communications
Tel: +1 604 809 6890
Em: This email address is being protected from spambots. You need JavaScript enabled to view it.

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 NEW RELEASE.

This news release includes certain statements that may be deemed “forward-looking statements.” All statements in this release, other than statements of historical facts, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, changes in market conditions, unsuccessful exploration results, changes in commodity prices, unanticipated changes in key management personnel and general economic conditions. Mining exploration and development is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully, and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

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July 25, 2023

Falcon Files Drill Permits at Hope Brook Near Kraken Pegmatite Field

2023-07-25 00:09:53

VANCOUVER, BC / ACCESSWIRE / July 25, 2023 / Falcon Gold Corp. (TSXV:FG)(FRA:3FA)(OTCQB:FGLDF) and Marvel Discovery Corp. (TSXV:MARV)(FRA:04T)(OTCQB:MARVF) together (the Alliance) are pleased to announce that they have applied for drill permits to carry out activities on their Golden Brook prospects within the Hope Brook Property in southern Newfoundland. Two permit applications have been submitted, one for portable drilling across the property that will expand current prospecting permits and allow for portable drill-testing of targets across the entire property, and a second permit was submitted to diamond drill test prospects within the Kraken-Hydra trend, a trend represented by a 10km area of limited exploration between Benton-Sokoman’s Kraken Li-Ta discoveries and the Hydra Cesium Discovery (see Sokoman’s news release May 18, 2023). The portable drill permit application provides the opportunity to enhance the preliminary reconnaissance prospecting project completed in late spring and early summer, which identified the potential for pegmatites from the nearby Kraken pegmatite field to extend into the adjacent tenure held by Falcon. Though bedrock exposure in the area is limited, initial reconnaissance prospecting has resulted in the discovery of a new and previously unrecognized swarm of pegmatite and aplite dykes, and assay results from the sampling project are anticipated by early August. The diamond drill permit application includes 6 drill pad locations with 1,000 meters of drilling planned for 12 drill holes. The inaugural drill program will test for potential lithium, tantalum, and cesium-bearing pegmatites along the Kraken-Hydra trend. The Hope Brook Property covers a key central portion of the structural corridor along which the Kraken and Killick pegmatite dykes, Li-Ta soil anomalies, and Hydra Cesium Pegmatite Dyke have all been reported by Sokoman (see Sokoman’s news release March 28, 2023). Falcon has applied for financial assistance for the Hope Brook project through Newfoundland’s Junior Exploration Assistance (JEA) Program.Mr. Karim Rayani, Chief Executive Officer, commented, “An extreme fire season in Nfld last summer coupled with helicopter availability shortages meant delaying our inaugural exploration campaign until the spring of this year, and we took advantage of this current program to conduct regional scale prospecting and soil sampling efforts and eagerly await results from the assay lab. We have always been keen on our Lithium prospect, which we staked prior to the Lithium and Cesium discoveries by Sokoman and where our desktop studies showed high potential for the continuation of trends onto our ground. To have found a new swarm of pegmatite dykes is extremely encouraging and we are now gearing up for detailed soil sampling and portable drill testing to further define anomalous areas in advance of our inaugural diamond drilling campaign.”

Figure 1. Location of Falcon’s, and Marvel’s Hope Brook gold joint venture property contiguous to Benton-Sokoman’s joint venture.
Figure 2. Location of Falcon’s, and Marvel’s claims showing highly prospective structural corridor and magnetic features similar to the Kraken Pegmatite Swarm.
About the Alliance

Falcon and Marvel formed a strategic alliance on (November 17, 2021) that combines both companies’ Hope Brook District properties covering a combined 63,450 hectares to be explored on a 50-50 Joint Venture basis. The Hope Brook Property is hosted within the Exploits subzone of the central Newfoundland gold belt. The property covers extensions of, or are proximal to, two major structures linked to several significant gold prospects (Cape Ray; Matador Mining) and deposits (Hope Brook; First Mining) in southern Newfoundland. Rock lithologies and structures on the property are also related to those associated with Marathon Gold’s Valentine gold deposits, Sokoman’s Moosehead gold project and New Found Gold’s Queensway gold project. The combined land position straddles both the eastern and western extents of recent land acquisitions by the Benton/Sokoman JV partnership, with the JV now controlling areas of considerable structural complexity marked by large-scale fold and fault structures, which provide important structural controls (traps) for gold mineralization within this area. The Falcon-Marvel strategic partnership originally included the Baie Verte Brompton Line (BVBL) Properties, and both companies announced the option of the BVBL property to Carmanah Minerals Corporation on June 8, 2023.

Qualified Person

The technical content of this news release has been reviewed and approved by Greg Robinson, P.Geo., who is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Falcon Gold Corp.

Falcon is a Canadian mineral exploration company focused on generating, acquiring, and exploring opportunities in the Americas. Falcon’s flagship project, the Central Canada Gold Mine, is approximately 20km southeast of Agnico Eagle’s Hammond Reef Gold Deposit which has currently estimated 3.32 million ounces of gold (123.5 million tonnes grading 0.84 g/t gold) mineral reserves, and 2.3 million ounces of measured and indicated mineral resources (133.4 million tonnes grading 0.54 g/t gold). The Hammond Reef gold property lies on the Hammond shear zone, which is a northeast-trending splay off the Quetico Fault Zone (“QFZ”) and may be the control for the gold deposit. The Central Gold property lies on a similar major northeast-trending splay of the QFZ.

The Company holds multiple additional projects: The Esperanza Gold/Silver/Copper mineral concessions located in La Rioja Province, Argentina; The Viernes Gold/Silver/Copper project in Antofagasta Chile; The Springpole West Property in the world-renowned Red Lake mining camp; a 49% interest in the Burton Gold property with Iamgold near Sudbury Ontario; in B.C., the Spitfire-Sunny Boy, Gaspard Gold claims; the Great Burnt, Gander North/South, Valentine Gold South, Victoria West, and Golden Brook acquisitions adjacent to First Mining, Matador, Benton-Sokoman’s JV, and Marvel Discovery in Central Newfoundland; and most recently Battery Metals projects in Ontario and Quebec, The Timmins West and Outarde Property.

CONTACT INFORMATION:

Falcon Gold Corp.
“Karim Rayani”

Karim Rayani
Chief Executive Officer, Director
Telephone: (604) 716-0551
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Cautionary Language and Forward-Looking Statements

Certain statements in this release are forward-looking statements which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Forward-looking statements in this press release relate to, among other things: completion of the Spin-Out. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. There is no assurance any of the conditions for closing will be met. Forward-looking statements reflect the beliefs, opinions, and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

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

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July 25, 2023
Group Eleven Adds Second Drill Rig at Ballywire Zinc-Lead-Silver-Germanium Discovery, PG West Project, Ireland

2023-07-25 00:04:45

VANCOUVER, BC, July 25, 2023 /CNW/ – Group Eleven Resources Corp. (TSXV: ZNG) (OTC: GRLVF) (FRA: 3GE) (“Group Eleven” or the “Company“) is pleased to provide a drill progress update and announce the addition of a second drill rig at the Ballywire Zn-Pb-Ag-Ge discovery (“Ballywire“), PG West Project (“PG West“, 100%-interest), Ireland.

Drill Update at Ballywire:

Two drill holes have been completed (G11-468-09 and -12), totalling 375m and 323m, respectively; results are to be announced over the coming weeks upon completion of assays expected in due course

G11-468-09 was a 375m continuation (to a total depth of 546m) of a previous hole drilled by Group Eleven, which had been stopped at 171m (see news release dated 21-Jun-2023)

G11-468-12 was an 80m step-out to the east (along strike) of G11-468-06 (which intersected 6.0m of 8.6% Zn and 3.8% Pb, or 12.4% Zn+Pb, and 68 g/t Ag; see news release dated 02-Mar-2023)

Two drill rigs are now in operation, with the second rig added last week

The Company is currently drilling hole G11-468-13 (stepping 50m north and up-dip of G11-468-12) and G11-3552-02 (stepping 150m south and downdip of G11-468-12)

Results from the above holes will be released in due course

“We are pleased that drilling is now operational with two rigs at Ballywire,” stated Bart Jaworski, CEO. “This accelerated phase of drilling should be instrumental in helping us determine the location and extent of the postulated and yet undiscovered centre of the mineralizing system, hypothesized to host the thickest and highest-grading mineralization.”

Ballywire Zn-Pb-Ag-Ge Discovery, PG West Project (100% Interest), Ireland

The Ballywire discovery is located in the south-eastern portion of the Company’s 100%-owned PG West Project, Republic of Ireland. PG West, including the nearby Tullacondra prospect, comprises 22 prospecting licenses covering 650 square kilometres and is contiguous with the Company’s Stonepark project (six prospecting licenses covering 184 square kilometres; 76.56% interest), covering additional prospective stratigraphy in the Limerick region. Ballywire is located approx. 20 kilometres south-east of Glencore’s Pallas Green deposit¹ and approx. 50 kilometres south-west of the historic Lisheen zinc mine (closed in 2015). Geologically, Ballywire is situated at the intersection of the south-westerly projection of the Rathdowney Trend (which hosts the past-producing Lisheen and Galmoy zinc mines) and the Pallas Green Corridor. Historic drilling at the Ballywire prospect was sparse, last being worked by operators in 2008. Group Eleven staked the prospect in 2016 based on compelling results from the two most-recent historic holes. Group Eleven announced its discovery hole (G11-468-03) on 06-Sep-2022. Recently completed and ongoing drilling described above is shown in Exhibit 1 below.

_______________________________
¹ Pallas Green Mineral Resource Estimate (MRE): 45 mln tonnes of 7.2% Zn and 1.2% Pb, Inferred (Glencore, 31-Dec-2022)

Qualified Person

Technical information in this news release has been approved by Professor Garth Earls, Eur Geol, P.Geo, FSEG, geological consultant at IGS (International Geoscience Services) Limited, and independent ‘Qualified Person’ as defined under Canadian National Instrument 43-101.

About Group Eleven Resources

Group Eleven Resources Corp. (TSX.V: ZNG; OTC: GRLVF and FRA: 3GE) is a mineral exploration company focused on advanced stage zinc exploration in Ireland. Additional information about the Company is available at www.groupelevenresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS
Bart Jaworski, P.Geo.
Chief Executive Officer

Neither 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.

Cautionary Note Regarding Forward-Looking Information

This press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/ reserves and geological interpretations. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located. All of the Company’s public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties.

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July 25, 2023
Canadian Critical Minerals Provides Further Up-Date on Thierry Drill Program

2023-07-24 09:46:48

Calgary, Alberta–(Newsfile Corp. – July 24, 2023) – Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) (“Canadian Critical Minerals” or the “Company“) is pleased to provide a further update on the exploration drilling program which began at the Thierry Mine Project near Pickle Lake, Ontario on July 6, 2023. To-date the Company has completed five NQ diamond drill holes and 1,752 metres of drilling with all holes encountering visual mineralization including copper, nickel and zinc. The Company recently completed CCM-23-55 which is the fifth hole in the 2023 drill program and the deepest hole drilled to-date. The Company cautions readers that visual identification of mineralization does not guarantee, or replace, assay results. Assay results may not meet or exceed results from earlier drill programs. Drill core samples have been selected for assay and the results will be reported once available.

The 2023 summer program is designed for approximately 2,500 metres of diamond drilling and will focus on expanding upon the K1-1 deposit which is a large tonnage, near surface deposit located approximately 3 km east of the past producing Thierry Mine. The K1-1 deposit has a current Inferred Mineral Resource within an optimized Whittle pit shell consisting of the following: 53,614,000 tonnes grading 0.38% Cu, 0.10% Ni, 1.8 g/t Ag, 0.03 g/t Au, 0.05 g/t Pt and 0.14 g/t Pd at a NSR of C$12/tonne (see NI 43-10 Technical Report filing on SEDAR dated February 22, 2021). The K1-1 deposit consists of approximately seven en echelon stacked lenses dipping at approximately 55 degrees to the north. The Company has outlined 40 drill targets intended to improve information on strike and down dip mineralized lens extensions relative to the pit shell. The 2023 program with focus initially on seven to eight priority targets. Based on planned drill angles the majority of drill holes should intersect structures at approximate true width.

CCM-23-55 Complete

CCM-23-55 was collared approximately 60 metres north of K-12-48 which was previously drilled by Cadillac Ventures in 2012. (See press release on SEDAR by Cadillac Ventures of September 13, 2012). K-12-48 intersected multiple stacked lenses beginning 200 metres from surface and terminating 409 metres from surface while still in mineralized material. One lense in K-12-48 yielded 68 metres at 0.48% Cu and 0.11% Ni beginning 231 metres from surface. CCM-23-55 was drilled parallel to K-12-48 and the hole was stopped after 479 metres while still in mineralized material. The hole was stopped to conserve financial resources so two additional holes can be completed in the 2023 summer program. Mineralization is consistently present throughout the entire hole. Chalcopyrite (Cu) and pyrrhotite are the primary sulphides with traces of pentlandite (Ni) and sphalerite (Zn). Both CCM-23-55 and K-12-48 have intersected mineralized structures outside of and below the current Whittle pit shell.

CCM-23-56 In Progress

CCM-23-56 was collared approximately 160 metres north of K-11-13 which was previously drilled by Cadillac Ventures in 2011 (see press release on SEDAR by Cadillac Ventures of September 13, 2011) and 120 metres north of K-12-47 which was previously drilled by Cadillac Ventures in 2012 (see press release on SEDAR by Cadillac Ventures of September 13, 2012). K-11-13 yielded 14 metres at 0.36% Cu and 0.13% Ni (including 4 metres at 0.52% Cu and 0.18% Ni) beginning 172 metres from surface. K-12-47 intersected multiple lenses including 32 metres at 0.35% Cu an 0.09% Ni beginning 207 metres from surface. CCM-23-56 is being drilled parallel to K-11-13 and K-12-47 and outside the conceptual pit shell to test for down dip extensions of known mineralization. This hole is collared in barren mafic volcanics.

Figure 1 – Plan map of historic and current/ongoing DDH at K1-1

Ian Berzins, President and CEO commented, “Our geological team, led by Brian Newton, is pleased with the visual observation of copper, nickel and zinc mineralization in all five holes of our 2023 drilling program at the Thierry Mine project and hole number CCM-23-55 appears visually to have the best mineralization yet. All five holes have identified mineralized structures consistent with our current Resource model. We believe there is significant potential to expand upon the current Inferred Resource at K1-1.”

Qualified person

CCMI’s disclosure of a technical or scientific nature in this news release has been reviewed and approved by Brian H. Newton P.Geo., of Minroc Management Limited who serves as a Consultant to the Company and is a Qualified Person under the definition of National Instrument 43-101.

About Canadian Critical Minerals Inc.

Canadian Critical Minerals Inc. is a mining company primarily focused on two near-term copper production assets in Canada. CCMI’s main asset is the 100% owned Bull River Mine project (>135 million lbs of copper) near Cranbrook, British Columbia which has a Mineral Resource containing copper, gold and silver. CCMI’s latest acquisition is the 100% owned Thierry Mine project (>1.3 billion lbs of copper) near Pickle Lake, Ontario which has a Mineral Resource containing copper, nickel, silver, palladium, platinum and gold.

Contact Information
Canadian Critical Minerals Inc.
Ian Berzins
President & Chief Executive Officer
M: +1-403-512-8202
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.canadiancriticalmineralsinc.com

Caution Regarding Forward-Looking Information

This news release includes certain information that may constitute “forward-looking information” under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and other risks.

Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company’s continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

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

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July 24, 2023

Kobo Resources Intersects Significant Gold Mineralisation at Jagger Zone: 19 m at 2.03 g/t Au and 20 Metres at 1.87 g/t Au from its Ongoing Maiden Drill Program

2023-07-24 07:44:32

QUEBEC CITY / Jul 24, 2023 / Business Wire / Kobo Resources Inc. (“Kobo” or the “Company“) (TSX.V: KRI) is pleased to announce drill results from the first 11 drill holes as part of its ongoing 8,000 metre (“m”) reverse circulation (“RC”) drilling program at the Company’s 100% owned Kossou Gold Project (“Kossou”) located in Cote d’Ivoire, West Africa. To date, the Company has identified nearly 9.0 km of geochem anomalies and is drilling some of the key targets that it has prioritized to determine potential size and grade for future resource development.

The drill results highlighted in this release are from drill holes: KRC001 through KRC011 and cover barely 200 meters in length on surface of the 1.8 km geochem anomaly identified at Jagger zone. Additional high-grade gold mineralisation was identified in trench KTR030 at surface associated with the major north-south trending shear zone within the Jagger Zone anomaly (See Map Link). The Company anticipates announcing additional drill results as assays are made available over the coming weeks.

Drilling Adjacent to Major Gold Producer

The Company’s current drill program is being conducted directly adjacent to the Yaouré Gold Mine operated by Perseus Mining Inc. and its key targets are situated within five to seven kilometers of the Yaouré Mine gold processing facility. More importantly, geological and structural controls and alteration styles present at the Yaouré Gold Mine are interpreted to occur within the Company’s key drill targets indicating mineralisation and alteration styles that are relatively similar. The Yaouré Gold Mine Measured and Indicated Resources total 2.4 million ounces at 1.39 g/t Au¹.

Highlights:

Jagger Zone intersected multiple zones of significant gold mineralisation down to 100 meters below surface, all zones are open at depth

Highlighted drill holes include:

KRC002: 8 m at 2.94 g/t Au from 8 m (including 2 m at 8.81 g/t Au from 9 m) and 20 m at 1.87 g/t Au from 45 m including (3 m at 6.28 g/t Au from 61 m)

KRC011: 19 m at 2.03 g/t Au from 5 m (including 6 m at 4.00 g/t Au from 18 m)

KRC009: 48 m at 1.03 g/t Au* from 69 m including (including 13 m at 1.70 g/t Au from 69 m and 15 m at 1.37 g/t Au from 87 m)

KRC007: 45 m at 1.01 g/t Au* from 85 m (including 6 m at 1.54 g/t Au from 99 and 3 m at 5.58 g/t Au from 127 m)

Delineated multiple shear zones that in total exceed 100 meters in width

The Company received assay results from a new trench (KTR030) uncovered at the Jagger Zone during drill pad road work for hole KRC008

KTR030 returned results of 16 m at 3.32 g/t, including 5 m at 9.23 g/t Au and was undercut by holes KRC008 and KRC009

This initial drilling has confirmed significant gold mineralisation (previously reported in trench KTR028, 29 m @ 6.42 g/t Au, see press release dated June 7, 2023), which represents one of a series of sub-parallel zones occurring in a documented 100 m wide shear zone. Mineralisation is represented by quartz-carbonate veining and zones of silicification with disseminated pyrite hosted within mafic basalts. Broad zones of gold mineralisation above 1 g/t Au have been delineated in holes KRC008 (45 m) and KRC009 (48 m). The Jagger shear zone can be traced on surface over a distance of more than 1.8 kilometers and remains open to the north and south of the current drilled area, as well as at depth.

Edward Gosselin, CEO and Director of Kobo commented: “We are extremely encouraged that every hole drilled as part our initial drill program has returned significant gold intercepts at the Jagger Zone as a first step towards our objective of defining the strike and down-dip extensions of gold zones on the Project.” He continued: “These drilling results continue to support the Company’s initial geological interpretation that gold mineralization occurs within a major north-south shear structure at the Jagger Zone and appears to extend north toward the contact between volcanic units and the metasediments, a potential key target. We remain excited about and committed to drilling at Kossou in the coming weeks as drilling on the Jagger Zone continues and we proceed to the Contact Zone and Road Cut Zone, all highly prospective drilling targets for the remainder of our 2023 drilling campaign.”

Maiden Drilling Progress at the Jagger Zone

Further work is planned to investigate the expected plunge of the high-grade zones. The Company intends to continue with structural mapping and interpretation to guide future drilling campaigns.,

Drill results reported to date cover approximately 200 m of strike length extended along a structure that is interpreted to continue over 1,800 m. Drilling has intercepted significant gold mineralisation at depths of approximately 100 m below surface and remains open to the north, south and at depth. The 500+ m zone to the north of the reported drill area is highly prospective based on soil geochemistry, rock sampling and trench results completed by the Company.

Eleven drill holes were completed at the Jagger Zone for an aggregate of 1,682 m drilled. Significant gold mineralisation has been intersected in each hole drilled to date. As of Sunday, July 23, 2023, the Company has completed 32 holes for a total of 3,274 m.

Table 1: Summary of Drill Results

BHID

East

North

Elev.

Az.

Dip

Depth

From (m)

To (m)

Int. (m)

Au g/t

Target

KRC001
229089

775351

344

90

-50

96

8

16

8

1.36
Jagger

20

26

6

0.69
Jagger

36

38

2

0.88
Jagger

42

46

4

0.55
Jagger

KRC002
229012

775350

347

90

-50

206

8

16

8

2.94
Jagger

9

11

2

8.81
Jagger

29

36

7

0.99
Jagger

45

65

20

1.87
Jagger

incl.
61

64

3

6.28
Jagger

incl.
62

63

1

13.58
Jagger

162

170

8

1.46
Jagger

190

193

3

1.23
Jagger

KRC003
228956

775350

349

90

-50

218

46

48

2

0.76
Jagger

58

61

3

2.60
Jagger

incl.
59

60

1

6.03
Jagger

73

82

9

0.80
Jagger

incl.
77

80

3

1.34
Jagger

133

142

9

0.44
Jagger

KRC004
229085

775298

354

90

-50

146

3

6

3

6.51
Jagger

incl.
4

5

1

14.75
Jagger

40

42

2

0.93
Jagger

50

56

6

0.70
Jagger

102

105

3

0.79
Jagger

129

139

10

1.45
Jagger

incl.
129

132

3

3.49
Jagger

KRC005
229010

775300

360

90

-50

181

40

41

1

6.51
Jagger

49

54

5

2.17
Jagger

incl.
49

50

1

9.49
Jagger

61

64

3

0.36
Jagger

88

90

2

0.72
Jagger

98

107

9

0.58
Jagger

KRC006
229064

775255

355

90

-50

92

13

17

4

1.59
Jagger

25

32

7

1.50
Jagger

64

69

5

1.21
Jagger

79

89

10

0.62
Jagger

incl.
82

85

3

1.33
Jagger

KRC007
229010

775250

367

90

-50

176

30

35

5

2.57
Jagger

76

78

2

4.73
Jagger

85

130

45
1.01* Jagger

incl.
85

90

5

1.37
Jagger

incl.
99

105

6

1.54
Jagger

incl.
108

113

5

1.30
Jagger

incl.
117

123

6

0.57
Jagger

incl.
127

130

3

5.58
Jagger

incl.
129

130

1

13.95
Jagger

KRC008
229068

775199

346

90

-50

125

15

28

13

0.72
Jagger

42

46

4

0.30
Jagger

50

59

9

0.85
Jagger

KRC009
229009

775203

364

90

-50

176

69

117

48
1.03* Jagger

incl.
69

82

13

1.70
Jagger

incl.
87

102

15

1.37
Jagger

incl.
115

117

2

1.84
Jagger

133

135

2

2.61
Jagger

KRC010
229008

775402

331

90

-50

169

2

12

10

2.12
Jagger

incl.
9

11

2

8.45
Jagger

77

81

4

0.89
Jagger

incl.
77

79

2

1.37
Jagger

KRC011
229084

775401

330

90

-50

97

5

24

19

2.03
Jagger

incl.
5

11

6

2.27
Jagger

incl.
18

24

6

4.00
Jagger

incl.
18

19

1

18.17
Jagger

39

44

5

0.45
Jagger

74

76

2

0.54
Jagger

Notes:
Cut-off using 0.30 g/t Au
Intervals are reported with no more than 3 m of continuous internal dilution except where indicated *

An accurate dip and strike and controls of mineralisation are unconfirmed at this time and the true width of mineralisation are unconfirmed at this time. Drill holes are planned to intersect mineralised zones perpendicular to interpreted targets. All intercepts reported are downhole distances.

Table 2: Trench Intercept (KTR030)

Trench ID

East

North

Elev.

Az.

Dip

Depth

From (m)

To (m)

Interval

Au g/t

Target

KTR030
229067

775218

344

90

0

44

11

27

16

3.32
Jagger

incl.
11

17

6

1.02
Jagger

incl.
22

27

5

9.23
Jagger

Sampling, QAQC, and Analytical Procedures

One meter composite samples of RC chips were sent to the MSA Labs facility in Yamoussoukro where the entire sample was dried and split into 500 g subsample for analysis (prep code CRU-CPA). Sample splits were then analysed for gold using PhotonAssay^TM (CPA-Au1). QAQC procedures for the drill program include insertion of a certificated standards every 20 samples, a blank every 20 samples and a duplicate sample (split of the 1 m original sample) every 20 samples. All QAQC control samples returned values within acceptable limits.

Review of Technical Information

The scientific and technical information in this press release has been reviewed and approved by Paul Sarjeant, P.Geo., who is a Qualified Persons as defined in National Instrument 43-101. Mr. Sarjeant is the President and Chief Operating Officer and Director of Kobo.

About Kobo Resources Inc.

Kobo Resources is a growth-focused gold exploration company with a compelling new gold discovery in Cote d’Ivoire, one of West Africa’s most prolific and developing gold districts, hosting several multi-million-ounce gold mines. The Company’s 100%-owned Kossou Gold Project is located approximately 20 km northwest of the capital city of Yamoussoukro and is directly adjacent to one of the region’s largest gold mines with established processing facilities.

The Company is drilling to unlock the potential size and scale of Kossou within 9+ km strike length of highly prospective gold in soil geochemical anomalies with excellent rock and trench sampling results. The Company’s 2023 exploration plan calls for over 8,000 meters of reverse circulation drilling with an immediate goal of defining significant near surface zones of gold mineralisation. Kobo offers investors the exciting combination of high-quality gold prospects led by an experienced leadership team with in-country experience.

Kobo’s common shares trade on the TSX Venture Exchange under the symbol “KRI”. For more information, please visit www.koboresources.com.

Twitter: @KoboResources | LinkedIn: Kobo Resources Inc.

NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Cautionary Statement on Forward-looking Information:

This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; and the delay or failure to receive board, shareholder or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, Kobo assumes no obligation and/or liability to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

______________________________
¹ https://perseusmining.com/resources-reserves/

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July 24, 2023

Fortitude Gold Drills 10.67 Meters Grading 5.39 G/T Gold At County Line, Prepares East Camp North Drill Program With Rock Chip Samples up to 36.6 G/T Gold

2023-07-24 06:07:24

COLORADO SPRINGS, CO / ACCESSWIRE / July 24, 2023 / Fortitude Gold (OTCQB:FTCO) (the “Company”) announced drill results from its County Line gold project located in Mineral and Nye Counties, Nevada. Intercepts include 10.67 meters grading 5.39 grams per tonne gold (g/t), and 7.62 meters grading 2.24 g/t gold. The Company also released rock chip sample results from the north side of its East Camp Douglas property with assays up to 36.6 g/t gold. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A. offering investors exposure to both gold production and dividend yield.

County Line drill highlights include (m=meters, g/t=grams per tonne) (full drill table below):

Hole# CLRC-092:

incl.

Hole# CLRC-110:

incl.

Hole# CLRC-111:

incl.

Hole# CLRC-162:

Hole# CLRC-163:

incl.

The drill program expanded the mineralized zone at the County Line main open pit with step-out holes to the northwest, east, and south by focusing on the periphery of the historic pit. The Company plans to continue step-out and infill drilling at the County Line pit with a goal to expand the mineralization and to further optimize the open pit mine plan.

The Company also drilled County Line’s historic East Zone pit for the first time, which is located approximately 440 meters southeast of the main County Line pit. Multiple thick intervals of gold mineralization were encountered. The longest interval was over 88 meters in length returning 0.62 g/t gold with the highest gold grade intercept of 2.85 g/t gold over 3.05 meters. Future drill programs at the East Zone will target expanding the area of known mineralization, especially in the northwesterly direction, exploring a potential connection between the East Zone and County Line main pit.

County Line is located approximately 26 kilometers northwest of the Company’s operating flagship Isabella Pearl gold mine via paved Nevada State Route 361. The Company targets ore feed for its Isabella Pearl operation. The proximity of the two properties allows trucking ore from the County Line property to the Company’s Isabella Pearl Project with its existing heap leach pad and gold processing facilities. The Company filed a Plan of Operations with the Bureau of Land Management in May 2023 to advance the permitting process for County Line gold production.

“We are excited to see thick intervals of gold mineralization continue along strike near surface at both the County Line and East Zone targets,” stated Mr. Allan Turner, Vice President of Exploration for Fortitude Gold. “We are currently updating our resource model to incorporate these latest drill results and look forward to additional drill programs in the second half of 2023 to further delineate both areas of mineralization.”

“We await regulatory questions from our previously submitted County Line Plan of Operations and are excited to move the permitting process forward towards the environmental assessment stage and then final approval to enable us to begin mine construction,” stated Mr. Jason Reid, CEO and President of Fortitude Gold. “We have more drilling to do to fully delineate County Line’s mineralization, and it’s great to see continued gold grades well over one gram; however, we are focused on advancing the project forward through the permitting process in the shortest timeframe possible. With minimal infrastructure to build at County Line, from leveraging our nearby processing facilities, we expect streamlined and expedited construction once we obtain final mine build approvals. We also expect to submit a Plan of Operations for our Golden Mile project in the coming weeks, which is exciting as we will be pushing two mine project builds forward.”

East Camp Douglas

The Company recently completed a mapping and rock chip sample program on the north end of its East Camp Douglas property. While a near term drill program on the southern lithocap is imminent, the mapping and sampling program focused on the northern veins to develop a maiden near-term drill program. Rock chip samples assayed as high as 36.6 g/t gold, 20.2 g/t gold, 12.9 g/t gold and 10.6 g/t gold with multiple samples returning grades in excess of both 5 and 1 g/t gold (full assay table below). Surface gold over a large area further adds to the Company’s geologic model of East Camp, both north and south, of being a large epithermal, high-grade gold bearing system with surface and near surface gold. The Company recently filed a Notice of Intent (NOI) with the Bureau of Land Management for an initial drill program at the northern veins and expects a decision in the coming weeks. While this would be Fortitude Gold’s first drill program on the north veins, previous operators defined high-grade gold through multiple drill intercepts.

East Camp Douglas north property Third Party drill highlights include (m=meters, g/t = gram per tonne):

• 22.86 m of 13.55 g/t gold (from 4.6 meters down hole)

• 13.72 m of 2.88 g/t gold (from 13.7 meters down hole)

• 18.29 m of 2.42 g/t gold

• 23.86 m of 1.99 g/t gold (from surface)

• 23.47 m of 1.72 g/t gold

• 27.40 m of 1.62 g/t gold

• 9.10 m of 1.00 g/t gold (from surface)

• 7.62 m of 2.86 g/t gold (from 3.0 meters downhole)

Fortitude Gold had previously focused its exploration efforts exclusively on the southern lithocap target at its East Camp Douglas property and will continue to perform drill programs over that large prospective area. This mapping and sampling program has brought focus to the northern vein targets. Mineralized vein swarms that outcrop at surface were identified that could potentially be mined as open pits.

East Camp Douglas Northern Veins high-grade surface samples* include (g/t=grams per tonne)(see map below):

* Assays by Bureau Veritas Mineral Laboratories, Sparks, Nevada, USA.

About Fortitude Gold Corp.:

Fortitude Gold is a U.S. based gold producer targeting projects with low operating costs, high margins, and strong returns on capital. The Company’s strategy is to grow organically, remain debt-free and distribute substantial dividends. The Company’s Nevada Mining Unit consists of five high-grade gold properties located in the Walker Lane Mineral Belt, and a sixth high-grade gold property in west central Nevada. The Isabella Pearl gold mine, located on the Isabella Pearl mineralized trend, is currently in production. Nevada, U.S.A. is among the world’s premier mining friendly jurisdictions.

Cautionary Statements: This press release contains forward-looking statements that involve risks and uncertainties. If you are risk-averse you should NOT buy shares in Fortitude Gold Corp. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words “plan”, “target”, “anticipate,” “believe,” “estimate,” “intend” and “expect” and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding the Company’s strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material are forward-looking statements. All forward-looking statements in this press release are based upon information available to the Company on the date of this press release, and the Company assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company’s actual results could differ materially from those discussed in this press release.

Contact:

Greg Patterson
719-717-9825
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.Fortitudegold.com

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July 24, 2023
Final Assay Results from Viva Gold’s 2023 RC Drill Program at Tonopah Gold Project, Nevada including 59 meters at 1.9 gpt Au starting at 24 meters

2023-07-24 06:02:15

Mr. James Hesketh reports:

VANCOUVER, BC – TheNewswire – July 24, 2023 – Viva Gold Corp. (TSXV:VAU); (OTC:VAUCF) (the “Company” or “Viva”) is pleased to provide the final assay results from the 18-hole, 2,167-meter 2023 reverse circulation (“RC”) drilling program at its 100%-owned Tonopah gold project (“Tonopah”). Assay results from the first seven holes of the program were announced on June 6, 2023. Tonopah is located on the prolific Walker Lane mineral trend in western Nevada, about 20 minutes’ drive from the town of Tonopah.

“Our 2022 and 2023 drilling programs have been very successful at extending, confirming and discovering new, shallow, high-grade zones of gold mineralization at our Tonopah gold project. Most of the new intercepts are within the limits of the resource pit shell as defined in our 2022 Preliminary Economic Assessment1 (“PEA”). These results are very likely to increase the size of the previously identified high-grade starter pit zone for early mining, increase overall contained ounces and reduce stripping ratio for the project. These assay results will be incorporated into in our updated PEA and mineral resource estimate for the project which is currently underway as announced on May 18, 2023. Viva is hosting awebinar call to discuss these results on July 27, 2023 at 11:00am Eastern Time. See below for call details,” stated James Hesketh, President & CEO.

2023 RC Program Highlights

TG2318 intercepted 55 meters (“m”) at 1.0 grams per tonnes gold (“gpt Au”) starting at 38m, including 14m at 1.6 gpt Au and 4.6m at 4.2 gpt Au. TG2318 was drilled perpendicular, in a near westerly direction, from the collar of drillhole TG2211, which intercepted 57.9m at 5.0 g/t Au from 40m (see January 2023 release), demonstrating the potential width of this shallow, high-grade zone of gold mineralization. This zone remains largely open in the western dimension where the next hole on the south side of the main deposit is over 180 meters to the west.

TG2311 intercepted three zones of shallow, high-grade gold mineralization starting at 24m with a cumulative total of 59m at 1.9 gpt Au. The zones included 9m at 2.4 gpt Au; 9m at 3.0 gpt Au; and 41m at 1.5 gpt Au. TG2311 was dilled as an infill hole in a 50-to-100m waste gap in the original Discovery Zone structure.

TG2310 intercepted four zones of gold mineralization starting at72m with a cumulative total of 48m at 1.9 g/t Au, including 23m at 3.5 gpt Au. TG2310 tested the northern extent of the same structural splay where TG2211 intercepted 57.9m at 5.0 g/t Au from 40m.

TG2309 intercepted 46 meters at 1.2 gpt Au in three zonesstarting at 58m. TG2309 tested the northern extent of a same structural splay where TG2209 intercepted 86.9 meters at 1.3 gpt Au starting at 87m depth (see January 2023 release).

Better definition of deposit boundaries was gained in the following drill holes:

TG2316 TG2317 confirmed the southern limit of the TG2211 structural splay. Approximately 100 meters of strike length containing near-surface high-grade gold mineralization was added to this zone as a result of the 2022 and 2023 drilling programs.

TG2315 tested the southern limits of the TG2209 structural splaywith one 4.6m intersection grading 2.5 gpt Au starting at 85m, indicating the possible southern limit of that structural splay.

TG2314 tested the southern extent of a north-south structural splay in the west end of the main pit and intersected only a narrow low-grade interval, indicating the potential southern limit to mineralization in that area.

The Tonopah gold project has two distinct populations of gold mineralization: a high-grade population (>1.0 gpt Au) associated with structural splays and brecchias and a second population of lower-grade disseminated gold mineralization associated with lithologic contact zones and favorable bedding horizons. Our 2022 and 2023 RC drill programs at Tonopah focused on defining the limits of the series of approximately north-south mineralized, structurally controlled, fault splays and brecchias that occur in parallel along a primary east-west strike (azimuth ~110 degrees) of approximately 1.2 to 1.4 kilometers. The north-south splays individually have strike lengths of up to 300 meters, with mineralization starting as shallow as 10 meters depth under valley floor gravels. These mineralized structural splays create the width dimension for a potential open pit at Tonopah. Increasing this width dimension develops a more minable open pit and is also likely to help reduce strip ratio, the ratio of mineralized material to waste material.

The company will be hosting a live webinar to discuss the recent results details below.

When: Jul 27, 2023 11:00 AM Eastern Time (US and Canada)

Register in advance for this webinar: https://us02web.zoom.us/webinar/register/WN_RXO0xub_Q56t1ZDylySKHQ

After registering, you will receive a confirmation email containing information about joining the webinar.

A replay will be posted to Viva Gold’s website.

Qualified Person

James Hesketh, MMSA-QP, has approved the scientific and technical disclosure contained in this press release. Mr. Hesketh is not independent of the Company; he is an Officer and Director.

About Viva Gold Corp:

Viva Gold Corp’s (TSX-V: VAU; OTCQB: VAUCF; Frankfurt :7PB) principal asset is its 100% ownership in the Tonopah Gold Project (Tonopah), a large land position on the world class Walker Lane Mineral Trend in western Nevada, located about 30 minutes’ drive southeast of the Kinross Round Mountain gold mine. The project is well advanced with a positive Preliminary Economic Assessment (PEA1) describing a potential open pit, heap leach gold recovery operation and a pit confined measured and indicated gold mineral resources containing 394,000 ounces at 0.78 grams/tonne and 206,000 ounces of Inferred resource at 0.87 grams/tonne. Viva has announced that it has commenced a second PEA study to include results from approximately 40 additional drillholes completed in 2022 and 2023, the results of additional metallurgical gold recovery studies, and substantial information gained from its ESG focus of completing and advancing environmental and technical baseline study for the project.

Viva has 106.7 million shares outstanding and a strong management team and board who can claim both gold exploration and production experience. For additional information on Viva Gold and the Tonopah Gold Project, please visit our website: www.vivagoldcorp.com.

For further information please contact:

James Hesketh, President & CEO

(720) 291-1775

This email address is being protected from spambots. You need JavaScript enabled to view it.

Graham Farrell, Harbor Access

(416) 842-9003

This email address is being protected from spambots. You need JavaScript enabled to view it.

1)2022 PEA: NI43-101 Technical Report, Preliminary Economic Assessment of the Tonopah Project (amended April 12, 2022) authored by Gustavson Associates including Donald E. Hulse, P.E., SME-RM; Christopher Emanuel, SME-RM; Deepak Malhotra, Ph.D., SME-RM; and Edward Bryant, AIPG, CPG

Forward-Looking Information:

This news release contains certain information that may constitute forward-looking information or forward-looking statements under applicable Canadian securities legislation (collectively, “forward-looking information”), including but not limited to drilling operations and estimates of gold mineral resource at the Tonopah Gold Project. This forward-looking information entails various risks and uncertainties that are based on current expectations, and actual results may differ materially from those contained in such information. These uncertainties and risks include, but are not limited to, the strength of the global economy, inflationary pressures, pandemics, and issues and delays related to permitting activities; the price of gold; operational, funding and liquidity risks; the potential for achieving targeted drill results, the degree to which mineral resource estimates are reflective of actual mineral resources; the degree to which factors which would make a mineral deposit commercially viable are present; the risks and hazards associated with drilling and mining operations; and the ability of Viva to fund its capital requirements. Risks and uncertainties about the Company’s business are more fully discussed in the Company’s disclosure materials filed with the securities regulatory authorities in Canada available at www.sedar.com. Readers are urged to read these materials. Viva assumes no obligation to update any forward-looking information or to update the reasons why actual results could differ from such information unless required by law.

Cautionary Note to Investors — Investors are cautioned not to assume that any “measured mineral resources”, “indicated mineral resources”, or “inferred mineral resources” that the Company reports in this news release are or will be economically or legally mineable. United States investors are cautioned that while the SEC now recognizes “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources”, investors should not assume that any part or all of the mineral deposits in these categories will ever be converted into a higher category of mineral resources or into mineral reserves. These terms have a great amount of uncertainty as to their economic and legal feasibility. Under Canadian regulations, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in limited circumstances. Further, “inferred mineral resources” have a great amount of uncertainty as to their existence and as to their economic and legal feasibility. It cannot be assumed that any part or all of an inferred mineral resource will ever be upgraded to a higher category. The mineral reserve and mineral resource data set out in this news release are estimates, and no assurance can be given that the anticipated tonnages and grades will be achieved or that the indicated level of recovery will be realized.

Neither 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.

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July 24, 2023

Gladiator Metals Announces Results of Maiden Drill Program at Cowley Park Copper Prospect

2023-07-24 00:09:37

Vancouver, British Columbia–(Newsfile Corp. – July 24, 2023) – Gladiator Metals Corp. (TSXV: GLAD) (OTC Pink: GDTRF) (FSE: ZX7) (“Gladiator” or the “Company“) is pleased to announce the final results from the maiden drilling campaign completed at the high-grade Cowley Park prospect (“Cowley Park“) that forms part of the Whitehorse Copper Project.

Gladiator has received the remaining results from all 14 holes completed in the 2,632m maiden diamond drilling program at the Cowley Park . All holes returned significant intercepts with results including:

CPG-007: 8m @ 2.29% Cu and 0.15% Mo from 95m within 12m @ 1.72% Cu from 93m

CPG-012: 8m @ 1.6% Cu from 65m within 48m @ 0.97% Cu from 33m

Particularly encouraging is the continuity of broad widths of high-grade mineralization in step out drilling to the south east of Cowley Park in the most easterly hole completed by the Company, CPG-007.

These results are in addition to the previously announced results from the program including:

CPG-001: 20m @ 1.43% Cu from 42m within 71m @ 0.72% Cu from 32m

CPG-002: 13m @ 1.44% Cu and 0.15% Mo from 28m and 33m @ 1.48% Cu from 71m within 113m @ 0.79% Cu

CPG-003: 13.2m @ 2.26% Cu from 22.8m

CPG-004: 10m @ 1.68% Cu from 87m within 28m @ 0.91% Cu from 87m

CPG-006: 16m @ 2.36% Cu from 79m within 92m @ 0.71% Cu from 67m

CPG-010: 26m @ 1.14% Cu from 86m

These shallow results confirm the continuity of high-grade copper skarn mineralization at Cowley Park with mineralization remaining open along strike and down dip in all directions.

Gladiator is advanced in planning to complete further diamond drilling in the coming weeks. This upcoming drilling will be aimed at testing strike and depth extensions to mineralization. Gladiator has over 4,000 metres of drilling remaining on its Class 1 Permit.

Results continue to reconcile positively with historic drilling in the area highlighting the potential to improve the prospect both through systematic sampling of lower grade sections of mineralization around the identified high-grade areas and by assaying for potential complimentary co products to copper mineralization including molybdenum, gold and silver.

Gladiator has initiated summer field programs including regional mapping, sampling and geophysical programs to further refine drill targets at more than 30 drill ready, high-grade regional targets associated with copper rich skarns within the Whitehorse Copper Belt. ahead of planned winter drill campaigns

Gladiator is fully funded to expand its ambitious exploration program at the Whitehorse Copper Project with $9.5 million cash on hand (July 2023)

Gladiator CEO, Jason Bontempo commented:

“Gladiator is pleased to release the remaining results from the recently completed 2,632m maiden diamond drill campaign and to announce that it will be recommencing diamond drilling at Cowley Park in the coming weeks. Follow up diamond drilling will be targeting extensions to the defined high grade mineralisation at Cowley Park.

Results from Gladiators maiden program continue to successfully define the continuity and scale of high- grade copper mineralisation at Cowley Park as well as providing further definition to the potentially significant coincident Molybdenum mineralisation.

Field crews are now active in the Whitehorse Copper belt with regional scale mapping, sampling and geophysical programs taking place in the summer months. This work is designed to prioritise winter drill targets from amongst more than thirty known occurrences of high grade copper mineralisation already identified over more than 35 kilometers of the Whitehorse Copper belt.”

Figure 1: Plan map of the advanced Cowley Park Copper Prospect showing previously released and historical collated drill results with a cumulative Copper grade (%) intersected width (m) of >40 highlighted as well as initial significant drill intercepts from the recently completed maiden diamond drilling campaign.

Cowley Park – Maiden Drilling Campaign

Gladiators 2,632m, 14-hole maiden diamond drilling campaign was completed on May 19^th and all assay results from the program have now been received (please refer to Figure 1 below for details). Significant drill intercepts from the program include:

CPG-001: 20m @ 1.43% Cu from 42m within 71m @ 0.72% Cu from 32m

CPG-002: 13m @ 1.44% Cu and 0.15% Mo from 28m and 33m @ 1.48% Cu from 71m within 113m @ 0.79% Cu

CPG-003: 13.2m @ 2.26% Cu from 22.8m

CPG-004: 10m @ 1.68% Cu from 87m within 28m @ 0.91% Cu from 87m

CPG-006: 16m @ 2.36% Cu from 79m within 92m @ 0.71% Cu from 67m

CPG-007: 8m @ 2.29% Cu and 0.15% Mo from 95m within 12m @ 1.72% Cu from 93m

CPG-009: 30m @ 0.65% Cu from 100m

CPG-010: 26m @ 1.14% Cu from 86m

CPG-012: 48m @ 0.97% Cu from 33m including 8m @ 1.6% Cu from 65m

CPG-014: 45m @ 0.66% Cu from 84m

A complete list of drilling completed by Gladiator Metals, including the hole locations, drill azimuth and dip are tabled below.

Table 1: Cowley Park Drilling – Hole details and Significant Intercepts.

HoleID TD East North Dip Azim Remark From To Width
(m) Cu
(%) Au
(ppm) Ag
(ppm) Mo
(ppm) Cu% x Int(m) Comment

CPG-001 154.53 505,846 6,715,455 -60 6 13.69 19 5.31 0.78 0.09 5.35 26 4.12 Previously Released

Incl. 13.69 17 3.31 1.10 0.15 8.03 28 3.63

32 103 71 0.72 0.04 2.08 143 51.35

Incl. 42 62 20 1.43 0.07 3.96 254 28.68

CPG-002 182.88 505,839 6,715,412 -60 1 19 132 113 0.79 0.13 4.75 464 89.57 Previously Released

Incl. 28 41 13 1.44 0.31 10.53 1,564 18.66

And 71 104 33 1.48 0.25 8.31 404 48.89

CPG-003 134.11 505,837 6,715,492 -60 2 9 14 5 1.23 0.12 10.44 1,121 6.16 Previously Released

22.8 36 13.2 2.26 0.34 17.96 833 29.88

CPG-004 154.53 506,032 6,715,258 -60 4 87 115 28 0.91 0.10 9.13 383 25.53 Previously Released

Incl. 87 97 10 1.65 0.26 21.94 791 16.48

CPG-005 176.78 506,051 6,715,309 -60 355 100 118 18 0.33 0.01 1.23 224 6.01

CPG-006 181.36 506,197 6,715,374 -60 356 67 159 92 0.71 0.07 5.13 313 64.89 Previously Released

Incl. 67 71 4 0.80 0.07 6.35 755 3.20

And 79 137 58 0.95 0.08 7.07 367 55.05

Or 79 95 16 2.36 0.26 20.58 455 37.71

And 129 135 6 1.57 0.01 4.07 183 9.43

And 149 159 10 0.54 0.07 2.78 273 5.43

CPG-007 190.5 506,267 6,715,349 -60.5 354 84 87 3 1.13 0.20 6.93 680 3.38 Limited Sampling Previously Released

93 105 12 1.72 0.24 12.17 987 10.33

Incl. 95 103 8 2.29 0.36 15.63 1,476 18.28

121 129 6 0.71 0.16 4.85 156 5.64

149 157 8 0.69 0.10 3.85 224 5.49

CPG-008 181.36 506,262 6,715,387 -60 349 65 77 12 0.53 0.09 4.60 825 6.38

101 109 8 0.74 0.23 5.03 355 5.91

CPG-009 240.79 506,120 6,715,340 -60 357 100 130 30 0.65 0.04 2.78 695 19.36

CPG-010 207.26 506,115 6,715,370 -60 360 86 112 26 1.14 0.02 3.09 256 29.55 Previously Released

134 146 12 0.56 0.10 3.07 384 6.71

CPG-011 190.2 506,099 6,715,400 -60 356 33 39 0 0.59 0.00 1.03 59 3.57

73 131 58 0.51 0.02 2.26 146 29.52

CPG-012 161.59 505,955 6,715,451 -60 357 33 81 48 0.97 0.10 5.81 534 46.40

Incl. 65 73 8 1.60 0.30 9.55 409 12.83

CPG-013 195.78 506,040 6,715,368 -60 9 123 131 8 0.55 0.01 1.70 223 4.40

CPG-014 280.42 505,993 6,715,305 -60 339 2.91 4.2 1.29 2.45 0.05 25.10 766 3.16

30.48 48 17.52 0.58 0.07 5.83 160 10.15

84 129 45 0.66 0.05 4.05 135 29.91

Notes on Table: All drill hole locations are recorded in NAD83 Coordinates (Zone 8N). No significant core loss was observed during the logging and sampling within the reported drill intervals. All intercepts that are greater than 0.5% Cu and having a minimum summed value >2, calculated as the sum of the weighted average of Cu (%) x Interval (m) over the reported interval have been tabled.

Figure 1: Plan map of the advanced Cowley Park Copper Prospect. Recently collated historical drill results with a cumulative Copper%*m of >40 highlighted as well as initial significant drill intercepts from the recently completed maiden diamond drilling campaign.

Cu Mineralization Width and Continuity Confirmed

These results confirm the width and continuity of high-grade mineralization previously targeted at Cowley Park with mineralization remaining open in all directions.

Particularly encouraging is the continuity of broad widths of high-grade mineralization in step out drilling to the southeast of Cowley Park with 12m @ 1.72% Cu including 8m @ 2.29% Cu and 0.15% Mo intersected in the most easterly hole, CPG-007.

Molybdenum was not systematically assayed for in the historical drilling and its observed widespread distribution throughout the Cowley Park area during this program provides encouragement that its inclusion in Gladiators datasets will add co-product value alongside other potentially contributing elements including silver and gold.

The significant potential of broader lower grade mineralized envelopes surrounding the previously identified high grade copper mineralization that was the subject of historical exploration continues to be highlighted by recent results with intervals of 8m @ 16% Cu within 48m @ 0.97% Cu in hole CPG-012.

As a result recently completed drilling compares favorably to historical results and highlights the potential for Gladiator to significantly enhance the potential tonnage of future resources at Cowley Park through systematic targeting and sampling of lower grade envelopes to the high grade mineralization.

A complete list of the compiled holes from Cowley Park drilled by prior operators and their significant intercepts and details can be found at:

https://docs.google.com/spreadsheets/d/1mn25VTZ5DSvCH-NfXUYRnCmB6WxwWVE5NVYMdYKd41U/edit#gid=1204953821

Exploration Update

The Company’s exploration Program at the Whitehorse Copper Project for 2023 is categorized into five parts including;

In addition to the Company’s recently completed maiden, 2,632m diamond drilling program a further 2,000m is in an advanced planning stage, that is scheduled to commence during August. Gladiator has a further ~4,300 metres of drilling it can complete under its currently approved Class 1 Permit. Cowley Park had reached feasibility stage before historical Copper mining operations were shut down in 1982. Identified mineralisation at Cowley remains open along strike and down dip.

In addition to the Company’s own diamond drilling, Gladiator will continue its program of logging and assaying approximately 10,000 metres of unassayed core from exploration drilling completed in recent years by prior operators. The 10,000 metres of core mostly relates to drilling at Cowley Park but also includes drilling at other prospect areas including North Star, Grafters and Verona which are situated in the Best Chance to North Star trend and includes the former Little Chief Mine.

Gladiator will also assay for molybdenum, gold, silver and other elements which were not historically systematically assayed for, along with incorporating potentially lower grade mineralised material within or adjacent to significant mineralised widths that was often not sampled in the past to allow for future assessment of modern bulk mining potential.

The Company is also carrying out a systematic consolidation of the historic drilling and mining activity representing the first time a comprehensive review of regional datasets has been undertaken since the last mining activity in the region ceased in 1982 with the closure of the Little Chief mine. Gladiator to date has identified over 800 historical surface drill holes drilled by Hudson Bay Mining & Smelting Co Ltd., Yankee Hat Minerals Ltd., Lobo Del Norte Ltd and the Vendor H.Coyne & Sons Ltd which were logged and selectively assayed. This includes 219 holes for approximately 25,000 metres completed at the Cowley Park Prospect which were reported to the market on April 3^rd. As compilation and digitisation is completed the Company will release the results of this historical drilling by prospect area along the Whitehorse Copper belt.

Gladiator has initiated summer field programs including regional mapping, sampling and geophysical programs to further refine drill targets at more than 30, drill ready, high-grade regional targets associated with copper rich skarns within the Whitehorse Copper Belt. ahead of planned winter drill campaigns.

Regional Exploration

Work completed to date has identified more than 30, drill ready, high-grade regional targets associated with copper rich skarns at the contact between the Cretaceous age Whitehorse Plutonic Suite and the Triassic to Jurassic Lewes River Group’s clastic and carbonate metasediments. Cumulatively, there is more than 35km of underexplored strike on the contact which is highly prospective for high-grade copper+/-molybdenum+/-silver+/- gold (refer to Figure 3 below).

Figure 3: Plan map of the Whitehorse Copper Project showing geology and location of key prospects within the main trend please refer to Company’s news releases dated February 13 2023 and April 3, 2023 for details.

Gladiator’s position is enhanced at Whitehorse, with the project having near year-round access for work programs, including an established road and drill access network, low capital infrastructure requirements due to the project’s proximity to Whitehorse and a strong partnership with the owners of the Whitehorse Copper Project, an experienced local drilling service provider.

QA / QC and Data Verification

Drilling completed by Gladiator was irregularly spaced to test parts of the mineralised systems, holes were generally drilled at -60 degrees towards true north and the holes were directionally surveyed utilising a North Seeking Gyro direction tool, At the completion of drilling, drill collars are subsequently surveyed utilising a high-accuracy RTK DGPS system.

Upon drilling of diamond core Gladiator undertakes geological logging, marking up of lineal length of the core, recording core recovery, and Geotech measurements such as RQD’s and photographs the drill core (core photographs).

Based on the geological logging, core is then marked up for sampling with a new sampling ticket that matches the submitted sample for analysis at the start of the sample interval, the drill core is then cut in half utilizing a core saw equipped with a diamond saw blade. The core samples are then sent for analysis and the remaining half core retained for future reference. Certified Reference Materials (CRMs) or known blank material is placed within the sampling sequence at a nominal sampling rate of 1 in 20 samples to monitor the Laboratory. Samples are submitted to the ALS Global laboratory (Canada).

Samples subject to this release were crushed to 70% less than 2mm before pulverizing to better than 85% passing 75 microns. Samples were then analysed by ALS method ME-ICP61 (Aqua Regia with ICP-MS finish), with over limits for Cu analysed by method CU-OG62 (Aqua Regia with ICP-MS finish). As part of this process, Gladiator also captures the required sampling metadata to potentially utilize the core and analysis for any future requirements if deemed acceptable. The QA/QC meets the current required standards under reporting instruments, such as NI-43-101. At this point the Company regards the data collected from this exercise as reliable for the purposes of identifying future exploration targets and may be used to inform future drilling and exploration campaigns.

The Company through its qualified person, has undertaken data verification processes in connection with its maiden drill program. The Company through the use of it’s industry based database software system (Plexer) and 3D modelling software packages undertakes data verification and logic and code checks, checks the completeness and accuracy of the recorded data with the company perfoming random checks on the merged assay results against the lab assay certificates. The data is then reviewed once it has passed all logical checks and graphically displayed prior to being accepted and marked as “Finalised” within the database. The Company is unaware of any drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data referred to in this news release.

In reference to historic drill results reported in this news release from the Company’s data compilation exercise, these results are historical in nature. Gladiator has not undertaken any independent investigation, nor has it independently analyzed the results of the historical exploration work in order to verify the results. The Company believes that the historical drill results currently do not conform to presently accepted industry standards. Gladiator considers these historical drill results relevant as the Company will use this data as a guide to plan future exploration and drilling programs. The Company also considers the data to be reliable for these purposes, however, the Company’s future exploration work will include verification of the data through drilling. Please refer to Company’s news releases dated February 13, 2023, April 3, 2023 and April 27 2023 for further details.

Marketing Services

Gladiator is pleased to announce that it has entered into an agreement with Outside The Box Capital Inc. (“Outside the Box”) to provide marketing and distribution services to the Company, which include assisting in communicating information about Gladiator through social media and assisting Gladiator with outreach to new communities and potential investors. Outside the Box has been engaged by Gladiator for an initial period of six months. Outside the Box will receive fees for the services of $100,000, with $34,000 due upon signing, $33,000 due after 60 days and $33,000 due after 120 days. The fees will be payable from Gladiator’s available working capital. Outside the Box is at arm’s length to Gladiator and will not receive shares or options as compensation, It currently does not own any securities of Gladiator. The Agreement is subject to the approval of the TSX Venture Exchange. Outside the Box is a Toronto based marketing company that specializes in social media platforms and will be able to facilitate greater awareness and widespread dissemination of the Company’s news into these channels.

The Whitehorse Copper Project

The Whitehorse Copper Project is an advanced-stage copper (Cu) ± molybdenum (Mo) ± silver (Ag) ± gold (Au) skarn exploration project in the Yukon Territory, Canada. The property comprises 314 contiguous claims covering approximately 5,380 Hectares (13,294 acres) in the Whitehorse Mining District.

Copper mineralization was first discovered in 1897 on the Whitehorse Copper Belt, as it became to be known. The Whitehorse Copper Belt comprised over 30 copper-related, primarily skarn occurrences covering an area of 35 by 5 km in a north westerly trending arc. Exploration and mining development have been carried out intermittently since that time with the main production era lasting between 1967 and 1982 where production totaled 267,500,000 pounds copper, 225,000 ounces of gold and 2,838,000 ounces of silver from 11.1 million tons of mineralized material milled (Watson, 1984).

The Project is accessible through with numerous access roads and trails located within 2 km of the South Klondike Highway and the Alaska Highway. An extensive network of historical gravel exploration and haul roads exists throughout the project area, providing excellent access to the majority of the claim package. Access to existing electric power facilities is available through the main Yukon power grid.

In November 2022, Gladiator executed an option agreement to acquire 100% of the Whitehorse Copper Project (the “Option“) by incurring exploration expenditures of $12m on the project, staged payment of $300,000 in cash and the staged issue of 15m shares over 6 years. Following the exercise of the Option, the Company must pay the Optionor, or such other person(s) as the Optionor may direct from time to time, a 1.0% net smelter returns royalty on the Whitehorse Copper Project.

Qualified Person

All scientific and technical information in this news release has been prepared or reviewed and approved by Kell Nielsen, a “qualified person” as defined by NI 43-101.

ON BEHALF OF THE BOARD

“Jason Bontempo”
Jason Bontempo
President and CEO

For further information contact:
Dustin Zinger, Investor Relations
+1-604-653-9464
This email address is being protected from spambots. You need JavaScript enabled to view it.

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.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Certain of the statements and information in this news release constitute “forward-looking statements” or “forward-looking information”. Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “believes”, “plans”, “estimates”, “intends”, “targets”, “goals”, “forecasts”, “objectives”, “potential” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) that are not statements of historical fact may be forward-looking statements or information..

Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, the need for additional capital by the Company through financings, and the risk that such funds may not be raised; the speculative nature of exploration and the stages of the Company’s properties; the effect of changes in commodity prices; regulatory risks that development of the Company’s material properties will not be acceptable for social, environmental or other reasons; availability of equipment (including drills) and personnel to carry out work programs; and that each stage of work will be completed within expected time frames. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements or information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

The Company’s forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this news release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management’s assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information.

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July 24, 2023

Klondike Gold Reports 2023 Field Discoveries, 2022 Stander Zone Drill Results Including 1.27 g/t Au Over 15.15 Meters from Surface

2023-07-21 05:37:00

VANCOUVER, BC / ACCESSWIRE / July 21, 2023 / Klondike Gold Corp. (TSX.V:KG) (FRA:LBDP) (OTCQB:KDKGF) (“Klondike Gold” or the “Company”) is pleased to announce field results from ongoing 2023 work as well as gold assay results from twenty-four (24) diamond drill holes from the Company’s 2022 exploration program at the Stander Deposit located on the Company’s Klondike District Property (the “Property”) in the Dawson mining district, Yukon, Canada.

Peter Tallman, Klondike Gold’s President & CEO, states “The Company’s team has made three recent discoveries of gold in outcrop following implementation of several new science-based upgrades to our exploration models. It is very exciting and energizing to screen drill targets with prospecting and mapping and find visible gold in outcrop in each of them, distributed over the 50km strike length of the Property. We are all looking forward to getting the drill program underway.”

HIGHLIGHTS OF 2023 FIELD WORK INCLUDE:

Discovery of abundant visible gold (>20 individual grains) in outcropping 10-cm quartz vein within carbonate alteration halo within the Gold Run target area.*

Discovery of numerous potentially gold-mineralized outcropping quartz veins with coarse pyrite, locally with galena, (silver?) telluride, and native sulphur within the Dominion target area.*

Discovery of visible gold (5 grains) in subcrop 50-cm quartz vein 150 meters beyond the drilled mineral resource estimate area at Stander Zone Deposit.*

Discovery of ‘bonanza gold’ vein portion within a new exposure where gold occurs as 1-3mm wide plates, dendritic crystals into voids, and small 2mm ‘nuggets’ within fracture seams in outcropping Gay Gulch quartz vein, near where previous reported sample assayed 4,064 g/t Au (143 oz/t Au) (News Release dated February 21, 2023).*

Detection for the first time of sub-visible alteration halos adjacent gold bearing veins using ‘Short Wave Infrared’ (SWIR) (at Lone Star and Stander Zones) with applicability for positive exploration throughout the Klondike District Property.

Detection of laterally extensive carbonate-pyrite alteration halos linked directly to gold bearing veins within mafic rocks (at Gold Run target) also with applicability throughout the Klondike District Property.

Mapping of low-angle (~30 degree) flexures along major faults through the Klondike District Property coincident with gold mineralized target areas (Stander, Lone Star, Dominion, and Gold Run), and other untested target areas with extensive Au-soil and/or Au-rock anomalies.

The Company hosted orogenic gold experts Dr. Richard Goldfarb (China University of Geosciences) and Dr. Ben Frieman (Colorado School of Mines) for four days reviewing the geology, mineralization, and tectonic setting of the Property. The Company’s work within the Klondike District has demonstrated features consistent with other globally recognized orogenic gold districts with high prospectivity.

Drilling is anticipated to begin August 1, 2023 testing the Gold Run target initially.

Note: (*All rock sample assays are pending. Visible gold is common in the Klondike District and no correlation to gold grade should be made without quantitative assay).

STANDER ZONE DRILLING RESULTS

In 2022 the Company completed twenty-four (24) diamond drill holes (EC22-447 to EC22-464; EC22-480 to EC22-485) at the Stander Zone. The Initial Mineral Resource Estimate(“MRE”) at the Stander Deposits does not include holes reported here. (See News Release November 10, 2022). The “NI 43-101 Technical Report for the Klondike District Gold Project, Yukon Territory, Canada”, with an effective date of Nov 10, 2022 is dated and filed on SEDAR on December 16, 2023).

Assay highlight results from twenty-four (24) Stander Zone drill holes:

24.85 meters (“m”) of 0.42 g/t Au from 17.8 m in EC22-453

6.00 meters (“m”) of 2.20 g/t Au from 7.0 m in EC22-455

20.0 meters (“m”) of 1.02 g/t Au from 48.0 m in EC22-459

49.06 meters (“m”) of 1.21 g/t Au from 7.97 m in EC22-481

15.15 meters (“m”) of 1.27 g/t Au from 7.60 m in EC22-482

Visible gold noted in EC22-448 (1 grain), EC22-459 (1 grain), EC22-460 (1 grain), EC22-481 (3 grains), and EC22-482 (2 grains). (See Photos 1a and 1b below).

Photo: 1a) Stander Zone: EC22-459; 61.84m to 62.34m interval assays 12.5 g/t Au over 0.5m

Photo: 1b) Stander Zone: EC22-460; 50.35m to 50.85m interval assays 0.2 g/t Au over 0.5m

In 2023 the Company interpreted a fault system that transects both Stander Deposit Pit Constrained MRE areas. Fault splay intersections coincide with structural flexures and these areas are spatially associated with higher gold grades within the MRE. Field work results in 2023 on the basis of this interpretation so far have yielded positive initial results in several areas of the Property.

The Stander Zone gold deposits are contained within schists and felsic rocks considered to be an island arc related assemblage of the Klondike Schist. Orogenic gold mineralization is associated with low angle sheeted gold bearing quartz veins.

Drill holes EC22-447 to EC22-464 are drilled in the usual 220 azimuth orthogonal to the (primary) orientation of sheeted gold-bearing veins within the Stander Deposit southeast model Pit Shell.

Drill holes EC22-480 to EC22-485 are drilled at 290 azimuth orthogonal to a potential secondary orientation of sheeted gold-bearing veins and fractures within the Stander Deposit northwest model Pit Shell.

Significant gold assay intersections from these holes are shown in Table 1 below:

Table 1: 2022 Exploration Program – Stander Zone- Significant Results

HoleID

From (m)

To (m)

Grade (g/t Au)

Length (m)

EC22-447
34.30

40.30

0.79

6.00

EC22-448
15.50

18.00

1.12

2.50

EC22-449
177.10

223.00

0.27

45.90

EC22-450
23.90

28.90

0.48

5.00

EC22-451
17.80

19.80

1.07

2.00

EC22-452
58.50

63.50

0.51

5.00

EC22-453
17.80

42.65

0.42

24.85

EC22-454
19.00

23.00

0.60

4.00

EC22-455
7.00

13.00

2.20

6.00

EC22-456
59.00

72.00

0.41

13.00

EC22-457
104.65

116.70

0.22

12.05

And
138.50

148.70

0.38

10.20

EC22-458
87.50

92.50

0.80

5.00

EC22-459
48.00

68.00

1.02

20.00

And
97.90

109.10

0.75

11.20

EC22-460
108.90

113.40

0.53

4.50

And
117.50

120.90

0.61

3.40

EC22-461
56.00

62.50

0.46

6.50

And
76.70

78.20

1.16

1.50

EC22-462
67.70

71.75

0.44

4.05

EC22-463 NSV

EC22-464
72.40

84.17

0.47

11.77

EC22-480
28.40

33.30

0.47

3.90

EC22-481
7.97

27.43

0.95

19.46

And
47.85

57.03

4.52

9.18

EC22-482
7.60

22.75

1.27

15.15

EC22-483
41.90

45.70

0.27

3.80

EC22-484 NSV

EC22-485 NSV

[NSV: no significant values]

Stander Zone drill hole locations indicating Klondike Gold completed drill holes with 2022 holes in this release labelled with hole identification. Extent of Stander mineralization is shown, with red denoting Pit Constrained mineral resources included in the Mineral Resource Estimate.

Figure 1: Stander Zone 2022 Drill Hole Location Plan Map

Figure 2: Stander Zone Plan Map with Interpreted Fault/Splays

Table 2: Drill Collar Summary for 2022 exploration program at Stander Zone

Hole ID UTM East UTM North Azimuth Dip Length (m)

EC22-446 584278 7085665 210 55 62.48

EC22-447 585025 7085560 210 55 75.29

EC22-448 585510 7085200 210 55 150.88

EC22-449 585710 7085210 210 55 251.46

EC22-450 585380 7085280 210 55 150.88

EC22-451 585685 7085055 210 55 150.88

EC22-452 585724 7085026 210 55 210.31

EC22-453 585712 7084912 210 55 124.97

EC22-454 585671 7084850 210 55 60.96

EC22-455 585631 7084876 210 55 88.39

EC22-456 585830 7084795 210 55 100.58

EC22-457 585895 7084925 210 55 150.88

EC22-458 585930 7084890 210 55 101.5

EC22-459 585855 7084840 210 55 150.88

EC22-460 585553 7085175 210 55 150.88

EC22-461 585360 7085235 210 55 100.58

EC22-462 585275 7085395 210 55 100.58

EC22-463 585286 7085326 210 55 150.88

EC22-464 585225 7085315 210 55 124.97

EC22-465 584835 7085175 210 55 72.85

EC22-466 584873 7085142 210 55 65.58

EC22-478 583624 7086470 210 55 82.3

EC22-479 583624 7086470 270 55 50.29

EC22-480 585138 7085647 290 55 128.02

EC22-481 585068 7085673 290 55 149.35

EC22-482 585012 7085687 290 55 141.73

EC22-483 584966 7085712 290 55 99.06

EC22-484 584870 7085735 290 55 79.25

EC22-485 584923 7085760 290 55 100.58

2022 QUALITY ASSURANCE /QUALITY CONTROL PROTOCOLS

All 2022 drill holes referenced in this release produced NTW (5.71 cm dia.) drill core. Assay samples from drill core are cut using a diamond saw. Half the core sample interval is bagged, tagged, and sealed; the other half is returned to the core box with a corresponding tag retained for reference. Two gold reference standards, two blank samples (a coarse and a fine), and a coarse sample duplicate per 100 samples, are routinely inserted as part of Klondike Gold’s quality assurance / quality control (“QA/QC”) program, independent of and additional to the laboratory QA/QC program.

Sample bags are aggregated into rice bags, sealed, and submitted by Klondike Gold personnel to Bureau Veritas Mineral Laboratories (“BV Labs”) preparation facility in Whitehorse, Yukon, with chemical analysis of sample pulps completed in Vancouver, British Columbia. BV Labs is an accredited ISO 9001:2008 full-service commercial laboratory.

At BV Labs each drill core sample is crushed to 80% passing 2 mm size. A 500 g subsample is pulverized to >85% passing -75 microns size (200 mesh; code PRP70-500). All samples of 500 g are sieved to 106 microns (140 mesh) for “metallic screen” assaying. The +140 mesh fraction is weighed and assayed for gold by fire assay (“FA”) fusion with a gravimetric finish (code FS631). A 30 g subsample of the -140 mesh fraction is assayed for gold by fire assay (“FA”) fusion with an atomic absorption (“AA”) finish (code FA430). All over-limit results in excess of 10 ppm (10 g/t) for both silver and gold are re-assayed using a 30 g subsample and assayed by FA with a gravimetric finish (code FA530-Au/Ag). Total gold grade is then calculated using a weighted average of the plus and minus fraction assay results. BV Labs independently inserts QA/QC standards, blanks, and sample duplicates through each analytical process.

UPCOMING EVENTS

Klondike Gold will be participating in the following recent or upcoming events:

Capital Event Management Ltd. (CEM) Conference – TSX Venture Growth Capital Event
(Kelowna, BC) – July 21 to 23, 2023

QUALIFIED PERSON

The technical and scientific information contained within this news release has been reviewed and approved by Peter Tallman, P.Geo., President and CEO of Klondike Gold and Qualified Person as defined by NI 43-101 policy. Detailed technical information, specifications, analytical information and procedures can be found on the Company’s website.

ABOUT KLONDIKE GOLD CORP.

Klondike Gold is a Vancouver based gold exploration company advancing its 100%-owned Klondike District Gold Project located at Dawson City, Yukon, one of the top mining jurisdictions in the world. The Klondike District Gold Project targets gold associated with district scale orogenic faults along the 55-kilometer length of the famous Klondike Goldfields placer district. Multi-kilometer gold mineralization has been identified at both the Lone Star Zone and Stander Zone, among other targets. The Company has identified a Mineral Resource Estimate of 469,000 Indicated and 112,000 Inferred gold ounces¹, a milestone first for the Klondike District. The Company is focused on exploration and development of its 727 square kilometer property accessible by scheduled airline and government-maintained roads located on the outskirts of Dawson City, Yukon, within the Tr’ondëk Hwëch’in First Nation traditional territory.

¹The Mineral Resource Estimate for the Klondike District Property was prepared by Marc Jutras, P.Eng., M.A.Sc., Principal, Ginto Consulting Inc., an independent Qualified Person in accordance with the requirements of NI 43-101. The technical report supporting the Mineral Resource Estimate entitled “NI 43-101 Technical Report on the Klondike District Gold Project, Yukon Territory, Canada” has been filed on SEDAR at www.sedar.com effective November 10, 2022. Refer to news release of December 16, 2022.

ON BEHALF OF KLONDIKE GOLD CORP.

“Peter Tallman”

Peter Tallman,
President and CEO

FOR FURTHER INFORMATION:
Telephone: (604) 609-6138
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.klondikegoldcorp.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.

Certain statements contained in this news release constitute “forward-looking statements”. When used in this document, the words “anticipated”, “expect”, “estimated”, “forecast”, “planned”, and similar expressions are intended to identify forward-looking statements or information. These statements are based on current expectations of management, however, they are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from the forward-looking statements in this news release. Readers are cautioned not to place undue reliance on these statements. Klondike Gold does not undertake any obligation to revise or update any forward-looking statements as a result of new information, future events or otherwise after the date hereof, except as required by securities laws.

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July 21, 2023

Texas Mineral Resources Announces Successful Completion of Geophysical Investigation in Blackhawk Silver/Nickel/Cobalt Mining District, Identifies 16 Potential Drill Targets

2023-07-21 03:03:48

SIERRA BLANCA, TX, July 21, 2023 (GLOBE NEWSWIRE) — via NewMediaWire – Texas Mineral Resources Corp. (OTCQB: TMRC)

Successful completion has resulted in plans underway to initiate permitting to conduct a confirmatory drilling campaign

Results of final geophysical surveying confirmed the identification of 16 drill targets within the Alhambra mine area

All potential targets lie within 120 feet of the surface

Target characteristics conform with known mineralized structures in the area

TMRC is pleased to announce the successful completion of its geophysical investigation using multiple variations of EM (electro-magnetic) geophysical surveying within the Black Hawk mining district, Grant County, New Mexico. Work has been centered around the historic Alhambra Mine which was chosen as the initial area of investigation because of favorable topography and availability of historic data.

Background

The Black Hawk Mining District, Grant County, New Mexico is one of a genetic type of ore deposit commonly called the “Five Element Veins.” These geologically distinctive deposits are relatively rare but include some of the most famous and productive historic silver districts, notable among which are Jachymov, Czech Republic; Anneberg and Freiberg, Saxony; Schneeberg, Bavaria; and Cobalt Ontario. They are characterized by small but exceedingly high grade ore bodies containing metallic silver, nickel and cobalt arsenides, and the uranium oxide mineral uraninite. These historic districts, with the exception of Cobalt Ontario which had no uranium, have been notable producers of all four of these metals. The U.S. Government officially lists nickel and cobalt as Critical Minerals, while both are also designated as “essential to national defense” under the Defense Production Act of 1950.

The overall production of the European districts is not accurately recorded but Cobalt is credited at approximately 460 million ounces. The older districts are likely comparable. A common characteristic of the historic districts is the large number of veins within a relatively small area. Cobalt, Ontario is estimated to have at least 200 veins within an area of 1.8 by 1 mile, and Jachymov 105 mapped veins within a 3.5 by 2-mile area. The Black Hawk district by comparison is approximately 2 miles by 1 mile in size and, based on the geologic map in USGS Bulletin 1009K, has 157 mapped carbonate veins, 27 of them with observed silver or uranium occurring at the outcrop.

All the historic mines in the Black Hawk district started on outcropping ore. The two principal mines — the Black Hawk and the Alhambra — are credited with $800,000 and $400,000 (at a silver price of approximately $0.90/oz) although both probably produced more before they closed in late 1893 after the U.S. Government demonetized silver. The Alhambra was briefly reopened in 1957 and again in 1974. Published data and firsthand accounts describe ore in place on all levels of the Alhambra. The Alhambra has been the source on much of the well-known “specimen rock” of this ore type that is traded by mineral collectors.

Historical descriptions of Alhambra mine ore describe the veins as being carbonate filled structures, typically two to three feet wide with a central high grade “core” varying from 1” to 18” thick containing 10% to 50% metallic silver. Individual ore shoots are lens shaped and range from small pods a few feet in diameter to bodies 50’x 70’in the plane of the vein. The potential of this mineral system can be judged by the fact that a single 50’ x 70’ ore lens with a 4” thick core zone of 20% silver could contain 538,688 oz, a value (at a nominal silver price of $25/oz) of over $13.4 million — from an area a little larger than the size of a tennis court.

Published mine data suggests that in the upper levels of the Alhambra approximately 30% of the vein was mineralized.

Geophysical Investigation

The high metallic silver content within the “core zones” suggests that these lenses are possibly electrical conductors and may respond to electrical geophysical methods. If such an indirect technique could be developed, the high potential areas throughout the district could be identified and drilling costs could be much more targeted and effectively allocated. Based on this premise, TMRC contacted consulting geophysicists and Zonge International, a geophysical service provider, to investigate the possibility of designing a geophysical surveying to spatially locate these lenses.

An initial survey using conventional IP and resistivity was conducted; this survey identified several anomalous features, but it was decided that this technique was too “large scale” to achieve the desired results.

After further consultation it was decided that EM (electromagnetic) methods would provide the best possibility of success, due to the superior conductivity of silver. EM is a well-established and widely used technique to locate buried conductive bodies. Two types of EM are marketed by Zonge, one to explore for very large and deeply buried targets and another, called NANOTEM, used to locate shallow metallic features such as pipe, tanks and unexploded ordinance. The targets sought at Black Hawk fall in between the capability of these two applications. It was decided to modify the small scale TDEM method for our Black Hawk District survey.

TDEM Phased Exploration

An initial scoping study, Phase 1, was done using 50m x 50m current loops. Two 50% overlapping loops were deployed on the Gabel Vein and two on the Alhambra. Results were encouraging.

Based on information acquired in Phase 1, Phase 2 was designed using 100m x 50m loops. Total loops used increased from four to 24. Four were deployed over the Gabel and 20 over the Alhambra. Data collected by Zonge was sent for independent assessment to Computational Geoscience Inc. in Vancouver, B.C. for detailed mathematical analysis. Each loop was processed individually.

Further analysis of Phase 2 data was done by selecting 6 loops covering the Alhambra mine area and inverting them as a single unit. This combined loop inversion identified multiple anomalies that roughly correspond to the individual loop targets, but considerable definition was lost by this method of analysis.

A more conventional Phase 3 , covering the same area as Phase 2, was planned and executed using 4 larger loops, higher power, and lower frequency to attempt to increase the depth capability. It was found that this configuration will not detect the small conductors seen by NANOTEM.

TDEM provides reliable signal strength to a depth of 120 feet below the surface. After all three phases, sixteen anomalies of sufficient strength and size to be designated as drill targets have been identified. Six of these lay within the main Alhambra vein projection or within nearby mapped parallel veins. Correlation between the geophysical and geological interpretation, and the existing historic mine workings is excellent.

“Although research will continue in refining the analysis of these data, we regard this program as successful, and planning is underway to permit and conduct a drilling campaign,” said Dan Gorski, CEO of TMRC.

About Texas Mineral Resources Corp.

Texas Mineral Resources Corp.’s primary focus is to develop and commercialize, along with its joint venture operating partner USA Rare Earth LLC, the Round Top heavy-rare earth, technology metals, and industrial minerals project located in Hudspeth County, Texas, 85 miles southeast of El Paso, in which TMRC owns an approximate 20% interest and USA Rare Earth owns an approximate 80% interest. Additionally, the Company is developing other domestic mining projects in precious and industrial metals as well as critical minerals. The Company’s common stock trades on the OTCQB U.S. tier under the symbol “TMRC.”

Cautionary Note to Investors

The United States Securities and Exchange Commission (“SEC”) limits disclosure for U.S. reporting purposes to mineral deposits that a company can economically and legally extract or produce and that are compliant with SEC Industry Guide 7. Investors are cautioned not to assume than any part or all of the proposed project in the Black hawk Mining District as contemplated in the letter agreement contains any mineral deposits that will ever be converted into resources or that any inferred mineral resource or measured and indicated resources exists or is economically or legally mineable. The proposed project does not contain any known proven or probable ore reserves or mineral resource compliant with SEC Industry Guide 7 reporting standards. Investors are urged to consider closely the disclosure set forth in TMRC’s latest reports filed with the SEC.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, including, but not limited to, statements regarding the potential development, economic feasibility, resource, grade and other mineralization characteristics, and drilling and exploration methods that may be utilized in potential exploration of the Black Hawk Mining District project. When used in this press release, the words “potential,” “plans,” “indicate,” “expect,” “intend,” “hopes,” “believe,” “may,” “will,” “if, “anticipate,” and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such statements. Such factors include, among others, uncertainty of mineralized material and mineral resource estimates, risks to projected and estimated economics not reflecting actual economic results due to the uncertainty of mining processes, potential non-uniform sections of mineralized material, potential mining hazards and accidents, changes in equipment and labor costs, changes in projected mineral prices and demand, competition in the mining industry, risks related to project development determinations, the inherently hazardous nature of mining-related activities, potential effects on the Company’s operations of environmental regulations, risks due to legal proceedings, liquidity risks and risks related to uncertainty of being able to raise capital on favorable terms or at all, as well as those factors discussed under the heading “Risk Factors” in the Company’s latest annual report on Form 10-K as filed in November 2022 and other documents filed with the U.S. Securities and Exchange Commission. Except as required by law, the Company assumes no obligation to publicly update any forward-looking statements.

Company Contact:
Texas Mineral Resources Corp.
Anthony Marchese, Chairman
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Twitter: @TexasMineralRes

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July 21, 2023
Kirkland Lake Discoveries Commences 10,000-m Drill Program

2023-07-20 04:04:57

Ms. Danièle Spethmann reports:

TORONTO / Jul 20, 2023 / Business Wire / Kirkland Lake Discoveries Corp. (TSX-V – KLDC) (“KLDC or the “Company”) is pleased to announce that the Summer 2023 drill campaign at the Kirkland Lake Project has commenced. The 10,000-m drill program is planned over three phases and has been initiated at the Goodfish-Kirana Property to follow up on the Fall 2021 program that intersected visible gold and returned an assay of 72.10 g/t Au over 0.5 m (see December 24, 2021 News Release).

The 10,000-m drill program will be divided into three phases:

Phase 1, approximately 3,000 m on the Goodfish-Kirana Property

Phase 2, approximately 4,000 m on the Lucky Strike Property

Phase 3, approximately 3,000 m to follow up on phase 1 and 2 drilling

The focus of this first phase of drilling will be to follow up on previous successes at the Jo Zone and to test new targets defined by key structural intersections that have recently been identified from geophysical surveys, corresponding structural interpretation, and geological analysis.

“Our 2021 drill campaign finished with a fantastic assay at the Jo Zone that included visible gold at a vertical depth of 301 m (72.1 g/t Au over 0.5 m reported, the other half of core assayed 561 g/t Au). We will follow up on the downdip extension of this mineralization as well as test the mineralized footprint of the Jo Zone. Our 2023 diamond drill program is our largest program to date, and we are excited to be following up at Jo Zone as well as testing other promising targets,” commented Danièle Spethmann, President and CEO.

In addition to a downdip step out of the Jo Zone, new targets to be tested include:

The Sutton Break, a large (500+ m strike length) area that remains untested along the Kirana Break structure, which is now recognized to coincide with the intersection of prominent NW-trending structures and a strong chargeability high at depth. Early 2023 fieldwork identified a strongly silicified and pyritized mafic volcanic unit, the samples of which returned elevated gold assays.

The Kirana Break Extension is targeting a large zone of de-magnetization that correlates to a strong Induced Polarization (IP) response. New structural interpretation suggests a major NW-trending structure, associated with the Jo Zone, that extends to the SE and intersects the regional Kirana Break structure.

The Eastern IP target is an untested strong IP response at depth within a folded volcanic sequence.

The Chorzepa target drill holes are planned to undercut historical trenches that returned up to 14.75 g/t Au. A previous IP geophysical survey indicates the presence of a broad chargeability anomaly at depth hosted within an intermediate volcanic unit.

As Phase 1 diamond drilling gets underway, additional structural interpretation has begun on the recently completed M-Pass high-resolution airborne magnetic survey data from the Lucky Strike Property. A field crew is presently mapping and prospecting on the Lucky Strike Property to better define targets for the Phase 2 diamond drill program.

Danièle Spethmann stated, “We have boots on the ground advancing targets at the Lucky Strike Property, and our drill team has successfully mobilized to the Goodfish-Kirana Property after a short delay because of fire bans across the region. We’ve been developing our exploration drill program with a new team and a fresh approach and are excited to advance our geological understanding of this newly consolidated district-scale project.”

QP Statement

Danièle Spethmann, P.Geo., President and CEO and a Director of the Company, is a Qualified Person as defined by NI 43-101. Ms. Spethmann has reviewed the technical information in this news release and approves the written disclosure contained herein.

About Kirkland Lake Discoveries Corp.

Kirkland Lake Discoveries Corp. is a TSX Venture Exchange listed company that has recently consolidated a district-scale and highly prospective land package in the Kirkland Lake Gold Camp in Ontario, Canada. The properties are hosted in the Abitibi Greenstone Belt, one of the world’s best-endowed greenstone belts, with 200+ million ounces of gold produced to date.¹ The properties are host to regional and property-scale mineralized structures that are considered second-order structures off the Larder Lake Cadillac Deformation Zone (LLCDZ), the regional structure in the belt known to be spatially associated with the gold mines hosted in the camp.

The properties assembled include the 100%-owned Lucky Strike Property, Goodfish-Kirana, the Arnold Property, and the optioned KL West (KLW) and KL Central (KLC) Properties. The KLDC land position comprises approximately 38,000 ha, over 1,338 claims and 29 patented claims and ranks the Company as the largest landholder in the Kirkland Lake region.

The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this news release.

Neither 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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Company.

The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

¹ Canada’s Gold Exploration Frontier: The Abitibi Greenstone Belt – https://www.visualcapitalist.com/sp/canadas-gold-exploration-frontier-the-abitibi-greenstone-belt/

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July 20, 2023
Visionary Metals Prepares Drill Program at King Solomon Nickel Project and Increases Land Package

2023-07-19 05:35:29

Vancouver, British Columbia–(Newsfile Corp. – July 19, 2023) – Visionary Metals Corp. (TSXV: VIZ) (“Visionary” or the “Company“) is pleased to announce plans for a 4,500 metre drill program at its King Solomon Nickel project (“King Solomon”) in the Granite Mountains of Central Wyoming which is expected to commence in Q4, 2023. The program will follow up on the Company’s recent nickel sulfide discovery made at King Solomon (see news release dated March 6, 2023).

Visionary has staked new claims at both its King Solomon project and Tin Cup prospect, located 15 kilometres west of King Solomon, where a new 4.3km-long nickel-in-soil anomaly has been identified. In total, Visionary now controls approximately 45km²of federal mining claims and mineral leases on Wyoming State Lands in the Granite Mountains, where it is exploring for critical, and strategic metals required for global electrification, including nickel, cobalt, copper and platinum group elements.

“We are excited to announce plans for a follow-up drill program at King Solomon to expand on a brand-new nickel-sulfide discovery, which we believe may be the first new nickel sulfide discovery in the continental western United States since the early 1940s,” stated Visionary Metals CEO, Wes Adams. “Our encouraging regional exploration results at Tin Cup indicate that King Solomon is not an isolated nickel occurrence, and that potential exists for more discoveries regionally. Geologically, the Granite Mountains of Central Wyoming exhibit all of the characteristics needed to form copper, nickel and platinum group element deposits and Visionary is focused on unlocking the potential of this new exploration district.”

King Solomon Exploration Highlights

1.5km by 600m wide low-resistivity, moderate chargeability gradient geophysical anomaly, indicative of the target sulfide mineralization.

Discovery hole KS22-003 intercepted 44m of 0.23% nickel, including 17m of 0.43% nickel and 226 parts per million (ppm) cobalt at top of geophysical anomaly (see news release dated March 6, 2023).

Discovery made within an area with significant permanent infrastructure, including haul roads, high tension electrical lines and natural gas pipelines, installed for previous nearby uranium mining.

Microscopic analysis identified class one (battery-grade) nickel sulfide within ultramafic host rock.

Permit amendments underway for 12,000m of Reverse Circulation (“RC”) drilling.

Figure 1. Plan View Gradient Geophysical Survey Results

Figure 2. Microscope Photo of Pentlandite Observed in KS22-003 Drill Core

Tin Cup Exploration Highlights

648 soil samples and 242 rock samples collected.

3.5km induced polarization (“IP”) line.

Nickel-chromium in-soil anomaly at least 4.3km long corresponding with recently discovered ultramafic outcrops, the essential host rock for potential nickel mineralization.

These ultramafic rocks are associated with coincident IP and nickel-in-soil anomalies indicative of sulfide mineralization.

Figure 3. Mapped soil anomaly at Tin Cup and Ultramafic Outcrop

Figure 4. Tin Cup IP Geophysical Cross-section

About Visionary Metals Corp.

Visionary Metals Corp. is a Vancouver-based mineral exploration company focused on making new electric metals discoveries in Fremont County, Wyoming. Visionary’s mission is to explore responsibly and to develop resources in a manner that is beneficial to all stakeholders. While central Wyoming has a strong mining history and favourable geologic conditions to host many types of metal deposits, it has never been systematically explored using modern techniques. The Company now controls a land package greater than 80 square kilometres with numerous drill ready targets, all accessible by road and within a one-hour drive from Visionary’s US headquarters in Lander County, Wyoming.

Contact:

Wesley Adams, Chief Executive Officer
Visionary Metals Corp.
407-325 Howe Street
Vancouver, BC V6C 1Z7
Tel: (303) 809-4668

Technical Disclosure

IP data was collected initially with a 25m spaced dipole-dipole and then with 50m and 100m dipole spaced dipole-dipole setup.

Soil samples were collected by hand using long nosed shovels from C horizon soils where possible. Approximately 0.5 kilograms of soil sample was collected; organic material and gravel were removed from the sample. Samples were kept at the Company’s secure, locked storage facility until shipped direct to ALS Geochemistry’s preparation laboratory in Elko, NV. Soils were then dried at 60 degrees Celsius and sieved to 180 microns (80 mesh). Twenty-five grams of sample is digested with Aqua Regia and analyzed by ICP-MS. Multielement analysis was carried out by ALS Geochemistry of Reno, NV (Code: AuME-ST43), a super trace multielement package that analyzes for 53 elements including Au, platinum and palladium.

The scientific and technical information in this announcement as it relates to exploration results is based on information reviewed by Mr. Michael Page FAusIMM), a Qualified Person pursuant to National Instrument 43-101 – Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators (“NI 43-101“). Mr. Page has 50 years of relevant nickel exploration experience in the style of mineralization under consideration to act as a Qualified Person. Mr. Page consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears. Mr. Page is the Company’s Chief Geologist .

FORWARD-LOOKING STATEMENTS

This news release contains “forward-looking statements” within the meaning of Canadian securities legislation. These include, without limitation, statements with respect to: the completion of the satisfaction of certain debts of the Company for shares. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: the approval of the Exchange of the shares for debt transactions.

The actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors including: denial of acceptance of the Company’s filing of a shares for debt application by the Exchange; and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

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.

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July 19, 2023
Athena Gold Completes Spring 2023 RC Drill Program at Excelsior Springs Project in Nevada

2023-07-19 05:03:52

VACAVILLE, CA / ACCESSWIRE / July 19, 2023 / Athena Gold Corporation (OTCQB:AHNR) (CSE:ATHA) (“Athena” or the “Company“) is pleased to announce that it has successfully completed the Company’s Spring 2023 reverse circulation (“RC“) drill program of nine (9) angle holes (see press release dated June 20, 2023). Total footage was 3,740 feet (1,140 meters) at its Excelsior Springs Project (“Excelsior Springs” or the “ES Project“), located approximately 45 miles southwest of Goldfield in Esmeralda County, Nevada.

Highlights from 2022 RC Drill Programs

DB-23: Intercepted a 33.5 meter intercept of 5.15 g/t Au and 8.9 g/t Ag, including a 16.7- meter intercept of 10.03 g/t Au and 17.3 g/t Ag, and a 10.6 meter intercept of 15.3 g/t Au and 26.5 g/t Ag.

DH 22-01: Intercepted 6.05 g/t Au and 17.4 g/t Ag over 27.4 meters starting at 39.5 meters, including 10.2 g/t Ag and 30.8 g/t Ag over 10.7meters. A deeper zone starting at 77.7 meters intercepted 4.97 g/t Au and 14.4 g/t Ag over 13.7 meters.

DH 22-02: Intercepted 4.49 g/t Au and 27.3 g/t Ag over 15.2 meters starting at 41.1 meters, including 7.29 g/t Au and 44.2 g/t Ag over 9.1 meters. A deeper zone starting at 68.6 meters intercepted 1.20 g/t Au and 7.7 g/t Ag over 7.6 meters.

John Power, President and CEO of Athena, said, “The primary objective of our Spring 2023 RC drill program was to determine continuity of the shallow high-grade gold mineralization encountered in 2022; with step-outs both east and west, this will further define the target zone and set the stage for additional drilling.”

“We continue to believe Excelsior Springs is emerging as one of the best advanced gold exploration projects in Nevada’s Walker Lane Trend,” Power added.

Figure 1 – RC Drilling at Excelsior Springs in June 2023.

Figure 2 – Table of Completed RC Drill Holes.

Developing Additional Exploration Targets

We have identified several robust drill targets at Excelsior Springs and continue to do field work developing additional shallow- and high-grade drill targets. Recent sampling at Contact Gulch is an example of targets being analyzed and developed. Located only 0.5 miles east of the Western Slope Zone, Contact Gulch appears to be a surface expression of a limestone cap over siltstone that could contain mineralized material. Prior sampling done while conducting geologic mapping returned anomalous gold and arsenic in rock chip samples. New rock and soil assays are also pending from this area.

Figure 3 – Contact Gulch (GPS unit at bottom of photograph for scale)

All samples were shipped to American Assay Laboratories, an independent laboratory, in Reno, Nevada on July 7, 2023 for analysis. Assay results are expected in Q3-2023.

About Our Flagship Excelsior Springs Project

The Excelsior Springs Project (the “ES Project”) lies within the prolific Walker Lane tectonic trend, a large northwest-trending region in western Nevada of, strike-slip and extensional fault zones. These fault zones are host to numerous gold deposits with strong district and local control of the gold mineralization. The ES Project contains numerous prospect pits, trenches, roads, surface sampling sites and 113 drill holes to date within a 300m by 3,000m wide (1,000 foot-wide and 10,000-foot-long east-west extensional zone of shearing and hydrothermal alteration. Underground workings on the two patented claims within the Project had unverified, historical production of 597,187 grams of gold (19,200 troy ounces) of gold from 18,000 tons averaging 1.2 oz (37.3 grams of gold/ton).

Walker Lane is experiencing a major resurgence of intense and successful exploration projects. Total gold production within the Walker Lane has amounted to 20+ million ounces (“Moz”) of gold, including the following deposits at Goldfields (5 Moz), Bullfrog (2 Moz), Tonopah (2 Moz), Borealis (1 Moz), Mineral Ridge (1.5 Moz) and Comstock (8 Moz Au, 200 Moz Ag).

Readers are cautioned that the Company has no interest in or right to acquire any interest in any of the above-mentioned properties, other than the ES Project, and that the mineral deposits, and the results of any exploration or mining thereof, on adjacent or similar properties are not indicative of potential mineral deposits on the ES Project or any potential exploitation thereof.

Gold mineralization discovered at the ES Project to date occurs in quartz vein stock-works and silicified zones in hornfels and calc-silicate altered country rock in a district known for porphyry dykes. The best (grades and thicknesses) in the recent past were found in oxidized and altered sediments proximal to porphyry dykes. One thick, high grade gold intercept encountered near the bottom of drill hole 22-01 is in underlying sulfide-bearing (pyrite and galena), altered sediments. The gold-mineralized stockwork and vein zones at the ES Project are shallow and each appears to have a relatively flat plunge, a favorable orientation for open pit mining.

Most historical exploration at the Excelsior Springs Project has focused on a 2.5 km (8,200 feet) long section in the central part of the historic Buster Mine zone, where mineralization was mined at or near the surface. Surface mapping in 2021 by Athena and an Induced Polarization (IP) geophysical survey conducted by Zonge International Inc. identified multiple zones of silicification correlating well with known mineralization. Several of the silicified zones defined by the IP (resistivity highs) surveys have not been tested by drilling and remain targets for future exploration.

Based on the excellent results of Athena’s two previous drilling programs, the ES Project is at an advanced stage of exploration with significant potential for one or more shallow open-pittable, oxidized gold deposits along with deeper, higher grade feeder zones similar to that encountered in drill hole 22-01 (mentioned above). In the opinion of management and its consultants, the ES Project is very promising and further exploration has the potential to expand the known high-grade oxide and sulfide gold mineralization and establish several additional gold-mineralized zones.

Quality Assurance and Quality Control

Procedures are being implemented to assure Quality Assurance Quality Control (QA/QC) of drill hole assaying at an ISO Accredited assay laboratory in Reno. All 5-footdrill hole samples are being securely stored for shipment, with chain of custody documentation through delivery to the lab. Mineralized commercial reference standards and coarse blank standards are being inserted every 20th sample in sequence to assure acceptable levels of confidence of the drill hole assays. When laboratory reports of the assays are received, QA/QC protocols are immediately augmented to ensure the precision and accuracy of the drill hole assays.

As the Project advances, additional QA/QC measures will be implemented including selected duplicate check assaying on pulps and coarse rejects at a second accredited assay laboratory.

Qualified Person

Donald G. Strachan, Certified Professional Geologist (CPG #10376 AIPG), is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and has reviewed the scientific and technical information that forms the basis of this press release and has approved the disclosure herein. Mr. Strachan is independent of the Company and was responsible for the site management and technical aspects of Athena’s Spring 2022 drill program and the current Fall 2022 drill program.

About Athena Gold Corporation

Athena is engaged in the business of mineral exploration and the acquisition of mineral property assets. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct additional exploration drilling and studies on the Project.

For further information about Athena Gold Corporation and our Excelsior Springs Gold project, please visit www.athenagoldcorp.com.

On Behalf of the Board of Directors

John Power
Chief Executive Officer and President

Contact:

Phone: John Power, 707-291-6198
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Cautionary Statement to U.S. Investors

This press release references NI 43-101, which differs from the requirements of U.S. securities laws. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects.

The United States Securities and Exchange Commission (“SEC”) permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can legally extract or produce. Pursuant to SEC Industry Guide 7 under the United States Securities Act of 1933, as amended, a “final” or “bankable” feasibility study is required to report reserves. Currently Athena has not delineated “reserves” on any of its properties. Athena cannot be certain that any deposits at its properties will ever be confirmed or converted into SEC Industry Guide 7 or any successor rule or regulation compliant “reserves”. Investors are cautioned not to assume that any part or all of the historic Buster Mine gold zone will ever be confirmed or converted into reserves or that it can be economically or legally extracted.

The SEC has adopted amendments to its disclosure rules to modernize the mineral property disclosure requirements for issuers whose securities are registered with the SEC under the United States Securities Exchange Act of 1934, as amended. These amendments became effective February 25, 2019, with compliance required for the first fiscal year beginning on or after January 1, 2021, and historical property disclosure requirements for mining registrants that were included in SEC Industry Guide 7, which was rescinded from and after such date and replaced with disclosure requirements known as S-K 1300.

Forward Looking Statements

This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and U.S. securities laws. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding future exploration plans and the completion of a phase 2 drill program at the Project, future results from exploration, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: “believes”, “will”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “potential”, “scheduled”, or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this press release, the Company has applied several material assumptions, including without limitation, that there will be investor interest in future financings, market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration and development of the Company’s projects in a timely manner, QAQC procedures at the Project were followed, the availability of financing on suitable terms for the exploration and development of the Company’s projects and the Company’s ability to comply with environmental, health and safety laws.

The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, operating and technical difficulties in connection with mineral exploration and development activities, actual results of exploration activities, the estimation or realization of mineral reserves and mineral resources, the inability of the Company to obtain the necessary financing required to conduct its business and affairs, as currently contemplated, the timing and amount of estimated future production, the costs of production, capital expenditures, the costs and timing of the development of new deposits, requirements for additional capital, future prices of precious metals, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, lack of investor interest in future financings, accidents, labor disputes and other risks of the mining industry, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, risks relating to epidemics or pandemics such as COVID-19, including the impact of COVID-19 on the Company’s business, financial condition and results of operations, changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or authorizations, including of the Canadian Securities Exchange, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and other factors and risks that are discussed in the Company’s periodic filings with the SEC and disclosed in the final long form prospectus of the Company dated August 31, 2021.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this press release or incorporated by reference herein, except as otherwise required by law.

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July 19, 2023
Valhalla Metals Initiates Maiden Drill Program at Flagship Sun Project in Alaska

2023-07-19 05:03:51

Vancouver, British Columbia–(Newsfile Corp. – July 19, 2023) – Valhalla Metals Inc. (TSXV: VMXX) (“Valhalla” or the “Company“) is pleased to announce the start of the 2023 exploration program at its flagship Sun project located in the World Class Ambler Mining District, Northwest Alaska. The 2023 program includes 3,000 – 4,000 metres of planned drilling using two drill rigs, LiDAR and orthophotography over the Sun and Smucker properties, and a ground gravity survey at Sun. The Company has engaged Major Drilling to execute the exploration drilling at the Sun project. Major Drilling has a long history of experience and success drilling in the Ambler Mining District.

Sun Project Work Program

The Company has recently completed the construction of a 24-man camp at the Sun project and mobilization of all equipment to support a plan of 3,000-4,000 metres of drilling. The 2023 exploration program at the Sun project will be one of the largest programs in the history of the project, and the first drilling program on the property in over 10 years.

This year’s diamond core drilling program will focus mainly on resource expansion at the Main Sun and SW Sun copper-zinc-silver-lead-gold volcanogenic massive-sulfide deposits. This drilling campaign is designed to test for mineralization continuity along strike and down dip, in addition to testing for mineralization continuity between Main Sun and SW Sun deposits (Figure 1).

FIGURE 1: Plan view map showing historic drilling and the 2023 planned drilling.

Rick Van Nieuwenhuyse, Chairman states, “We are excited to get our drill program underway. The Sun deposit is ripe for expansion. A detailed evaluation of the VTEM survey indicates strong conductors between Sun and SW Sun, along strike and down dip. The deposit has long been drilled to a down dip depth of 200 meters, where as VMS deposits typically extend for kilometers down-dip and along strike. We see the potential to greatly expand the resource footprint with this summer’s program and look forward to updating shareholders and investors later in the year, so stay tuned.”

SUN23-002: Major Drilling EF75 setup and drilling at Sun23-002.

SUN CAMP: New 24-person camp located along Beaver Creek, southern flank of the Ambler Schist Belt.

About Valhalla Metals

Valhalla Metals Inc. is a mineral exploration and development company focused on the advancement of its mineral projects towards feasibility. Valhalla’s flagship project is the Sun copper-zinc-lead-gold-silver VMS projects located in Ambler Mining District, Northwest Alaska. The Company also owns the Smucker project, a high-quality copper-zinc-lead-gold-silver VMS project located in the Ambler Mining District, Northwest Alaska. Valhalla Metals Inc. shares trade on the TSX-V under the ticker symbol VMXX. For more information about Valhalla, please visit our website at www.valhallametals.com.

Qualified Person

Ms. Bonnie Broman, CPG, Vice President, Exploration for Valhalla Metals Inc., is a Qualified Person as defined under National Instrument 43-101 standards and has reviewed and approved this news release.

Forward-Looking Statements:

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plan”, “plans”, “intends” and similar expressions are intended to identify forward-looking information or statements. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based, are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; and the additional risks identified in the annual information form of the Company or other reports and filings with the TSX-V and applicable Canadian securities regulators. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements included in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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

For more information on the Company, please contact Valhalla Metals Inc.

Sorin Posescu, Chief Executive Officer
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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July 19, 2023
Canadian Critical Minerals Provides Up-Date on Thierry Drill Program

2023-07-18 13:11:00

Calgary, Alberta–(Newsfile Corp. – July 18, 2023) – Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) (“Canadian Critical Minerals” or the “Company“) is pleased to provide an update on the exploration drilling program which began at the Thierry Mine Project near Pickle Lake, Ontario on July 6, 2023. To-date the Company has completed four NQ diamond drill holes and 1,229 metres of drilling with all holes encountering visual mineralization including copper, nickel and zinc. The Company cautions readers that visual identification of mineralization does not guarantee, or replace, assay results. Assay results may not meet or exceed results from earlier drill programs. Drill core samples have been selected for assay and the results will be reported once available.

The 2023 summer program is designed for approximately 2,500 metres of diamond drilling and will focus on expanding upon the K1-1 deposit which is a large tonnage, near surface deposit located approximately 3 km east of the past producing Thierry Mine. The K1-1 deposit has a current Inferred Mineral Resource within an optimized Whittle pit shell consisting of the following: 53,614,000 tonnes grading 0.38% Cu, 0.10% Ni, 1.8 g/t Ag, 0.03 g/t Au, 0.05 g/t Pt and 0.14 g/t Pd at a NSR of C$12/tonne (see NI 43-10 Technical Report filing on SEDAR dated February 22, 2021). The K1-1 deposit consists of approximately seven en echelon stacked lenses dipping at approximately 55 degrees to the north. The Company has outlined 40 drill targets intended to improve information on strike and down dip mineralized lens extensions relative to the pit shell. The 2023 program will focus initially on seven to eight priority targets. Based on planned drill angles, the majority of drill holes should intersect structures at approximate true width.

CCM-23-51 Complete

CCM-23-51 was collared approximately 60 metres south and 20 metres east of K-11-09 which was previously drilled by Cadillac Ventures in 2011. (See press release on SEDAR by Cadillac Ventures of August 9, 2011). K-11-09 yielded 105 metres at 0.35% Cu and 0.08% Ni beginning 36 metres from surface. CCM-23-51 was drilled parallel to K-11-09 and the hole was stopped after 275 metres where it entered barren mafic volcanics as expected. Mineralization is consistently present throughout the entire hole. Chalcopyrite (Cu) and pyrrhotite are the primary sulphides with traces of pentlandite (Ni) and sphalerite (Zn).

CCM-23-52 Complete

CCM-23-52 was collared approximately 80 metres north of K-11-10 which was previously drilled by Cadillac Ventures in 2011. (See press release on SEDAR by Cadillac Ventures of August 16, 2011). K-11-10 yielded 157 metres at 0.329% Cu and 0.064% Ni beginning 6 metres from surface. The hole was stopped after 275 metres where it entered barren mafic volcanics. Mineralization is consistently present throughout the entire hole. Chalcopyrite (Cu) and pyrrhotite are the primary sulphides with traces of pentlandite (Ni) and sphalerite (Zn).

CCM-23-53 Complete

CCM-23-53 was collared approximately 60 metres south of K-11-27 which was previously drilled by Cadillac Ventures in 2011. (See press release on SEDAR by Cadillac Ventures of January 25, 2012). K-11-27 yielded 178 metres at 0.35% Cu and 0.06% Ni beginning 127 metres from surface (including 37 metres at 0.65% Cu and 0.08% Ni and 0.25 g/t Pd). CCM-23-52 was drilled parallel to K-11-27 and the hole was stopped after 275 metres where it entered barren mafic volcanics. Mineralization is consistently present throughout the entire hole. Chalcopyrite (Cu) and pyrrhotite are the primary sulphides with traces of pentlandite (Ni) and sphalerite (Zn).

CCM-23-54 Complete

CCM-23-54 was collared approximately 160 metres north of K-11-01 which was previously drilled by Cadillac Ventures in 2011. (See press release on SEDAR by Cadillac Ventures of May 5, 2011). K-11-01 yielded 27 metres at 0.58% Cu beginning 160 metres from surface (including 9 metres at 0.92% Cu) and 53 metres at 0.27% Cu beginning 189 metres from surface. CCM-23-54 was drilled parallel to K-11-01 and outside the conceptual pit shell to test for down dip extensions of known mineralization. This hole is collared in barren mafic volcanics. Mineralization is consistently present, once through the volcanics at the top of the hole, from 189 to 349m. Chalcopyrite (Cu) and pyrrhotite are the primary sulphides with traces of pentlandite (Ni) and sphalerite (Zn).

Figure 1 – Plan map of historic and current/ongoing DDH at K1-1.

Ian Berzins, President and CEO commented, “Our geological team, led by Brian Newton, is pleased with the visual observation of copper, nickel and zinc mineralization in all four holes of our 2023 drilling program at the Thierry Mine project that is focused on expanding the K1-1 deposit. All four holes have identified mineralized structures consistent with our current Resource model. We believe there is significant potential to expand upon the current Inferred Resource at K1-1.”

Qualified person

CCMI’s disclosure of a technical or scientific nature in this news release has been reviewed and approved by Brian H. Newton P.Geo., of Minroc Management Limited who serves as a Consultant to the Company and is a Qualified Person under the definition of National Instrument 43-101.

About Canadian Critical Minerals Inc.

Canadian Critical Minerals Inc. is a mining company primarily focused on two near-term copper production assets in Canada. CCMI’s main asset is the 100% owned Bull River Mine project (>135 million lbs of copper) near Cranbrook, British Columbia which has a Mineral Resource containing copper, gold and silver. CCMI’s latest acquisition is the 100% owned Thierry Mine project (>1.3 billion lbs of copper) near Pickle Lake, Ontario which has a Mineral Resource containing copper, nickel, silver, palladium, platinum and gold.

Contact Information
Canadian Critical Minerals Inc.
Ian Berzins
President & Chief Executive Officer
M: +1-403-512-8202
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.canadiancriticalmineralsinc.com

Caution Regarding Forward-Looking Information

This news release includes certain information that may constitute “forward-looking information” under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and other risks.

Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company’s continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

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

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July 18, 2023

Heliostar Intersects 242m Grading 9.06 g/t Gold – The Longest and Highest-Grade Drill Hole in the History of the Ana Paula project in Mexico

2023-07-18 03:35:13

Highlights:

Hole AP-23-297

241.95 metres @ 9.06 grams per tonne (g/t) gold including

31.5 metres @ 21.5 g/t gold including

5.00 metres @ 51.0 g/t gold and including

35.2 metres @ 23.6 g/t gold including

9.90 metres @ 42.4 g/t gold

Hole AP-23-298

104.1 metres @ 6.14 g/t gold including

19.5 metres @ 15.11 g/t gold

Hole AP-23-297 is the longest, highest grade interval drilled in the history of the Ana Paula project

These holes exceed the resource model’s predicted high grades, and extends high grade mineralization up plunge.

Vancouver, British Columbia–(Newsfile Corp. – July 18, 2023) – Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) (“Heliostar” or the “Company“) is pleased to report additional drill results from the Ana Paula project in Mexico. These two holes continue to assess mineralization up plunge of and within the High Grade Panel at the core of Ana Paula.

Heliostar believes that the up plunge area of the High Grade Panel has the potential to increase the current mineral resource. The current drill program continues to demonstrate higher overall grades over broad widths relative to the current mineral resource. The current program will evaluate Ana Paula’s ability to host a high-margin, underground gold mine.

Heliostar CEO, Charles Funk, commented, “Hole AP-23-297, 242m grading 9.06 g/t gold, is an incredible gold intercept that exceeded our expectations. It shows potential to add ounces at higher grade in the up-plunge growth target. And it illustrates the excellent continuity of high grade along the length of the High Grade Panel. Holes AP-23-297 and AP-23-298 are both respectively 33% and 38% increases relative to the current resource model prediction, at a >5 g/t gold cut-off grade. Heliostar is well placed with a recently strengthened cash balance, continued flow of infill and growth drilling results and impactful metallurgical and geotechnical studies pending. The Company continues to tick off the catalysts to deliver the updated resource and re-scope of Ana Paula in 2023.”

Drill Results

Results from this press release are the first from Heliostar’s up-plunge growth target at Ana Paula. Hole AP-23-297 was drilled to achieve four objectives:

Test the up-plunge growth target in the High Grade Panel. Drilling has returned an increase in both grade and volume of higher grade in this region. The high-grade material is expected to be readily suitable for underground mining.

Confirm continuity of mineralization within the High Grade Panel on a metre-by-metre scale. The new drilling has infilled data between the existing 25-50m spaced holes currently defining the panel

Collect a large volume of high-grade mineralization for metallurgical testing

Add an east-to-west hole to the geotechnical program to reduce orientation bias and identify potentially unidentified faults to incorporate in mine design. No significant faults were encountered.

Figure 1: A plan map with the resource model from 2023 PFS¹ highlighting the High Grade Panel (clipped to greater than 5g/t resource blocks). Heliostar results labelled with new holes in red boxes. Completed and ongoing holes are shown in blue, and Growth and Infill targets areas labelled.

These results show a long interval of gold mineralization, 241.95 metres grading 9.06 g/t from 43.05 metres downhole, that contains two significant internal zones. An internal zone of 31.5 metres grading 21.5 g/t zone and a lower zone hosts 35.2 metres grading 23.6 g/t including 9.9 metres grading 42.4 g/t gold.

The new data extends the consistent high-grade mineralization in the panel into the up-plunge growth target. The ‘gap’ of low grade in the up-plunge target in Figure 1 was infilled with an interval returning 24 metres at 8.76 g/t gold. Hole AP-23-297 drilled through the lower margin of the High Grade Panel and was terminated in low grade mineralization.

Hole AP-23-298 was a second drill hole targeting the up-plunge growth target from the same platform as hole AP-23-297. It expanded the volume of high-grade gold mineralization above and below the currently defined resource (Figure 2). Hole AP-23-298 returned 104.1m grading 6.1g/t gold including 19.5m grading 15.1 g/t gold.

Figure 2: A section through the resource model from 2023 PFS¹ highlighting the High Grade Panel (clipped to greater than 5g/t resource blocks). Heliostar results labelled with new holes in red boxes. Completed and ongoing holes are shown in blue, and Growth and Infill targets areas labelled.

HoleID From
(metres) To
(metres) Interval
(metres) Au
(g/t) Comment

AP-23-297 43.05 285.0 241.95 9.06 Includes 12.0 metres internal dilution and geotech samples. Note 1

including 70.5 102.0 31.5 21.5 Includes geotech
samples. Note 1

and including 97.0 102.0 5.0 51.0

including 194.5 229.7 35.2 23.6

including 212.1 222.0 9.9 42.4

AP-23-298 17.9 122.0 104.1 6.14 Includes geotech
samples. Note 2

including 28.5 48.0 19.5 15.1 Includes geotech
samples. Note 2

Table 1: Significant Drill Intersections

1 includes 2.55 metres of sample removed for geotechnical studies and assumed to have 0 g/t
2 includes 1.03 metres of samples removed for geotechnical studies and assumed to have 0 g/t

Drill Results Impact

The potential impact of the drill results on future resource models can be demonstrated by comparing the current results to the existing model (as reported in the 2023 prefeasibility study¹). Drilling that outperforms (i.e., is higher grade or wider than) the model may be expected to improve the grade and size of future resource and reserve estimates. Using a 5 g/t cut-off grade provides a useful benchmark to the most financially impactful ounces in an underground mining scenario.

At a 5 g/t cutoff, hole AP-23-297 has a 33% increase when compared to an expected intercept calculated from the existing resource model. Using the same criteria, AP-23-298 has a 38% increase compared to the expected intercept from the resource model.

Drilling Progress

The Company is on schedule and on budget with the drilling program. To-date, the Company has completed sixteen holes at Ana Paula. The Company has reported results from eight holes so far. Holes AP-23-299, AP-23-300 and AP-23-301 continue to assess the up-plunge growth target. Sulfide mineralization occurs throughout each hole, particularly AP-23-300. Holes AP-23-302 and AP-23-303 are the Company’s first holes targeting high-grade mineralization further west into the down-plunge target. The holes intersected sulfide mineralization throughout, particularly AP-23-303.

The Company will commence two infill holes in the vicinity of hole AP-23-291. The result will be a cross-section of tightly spaced intercepts. This data will support resource modelling and provide metallurgical material for analysis.

Hole ID Northing
(WGS84 Zone 14N) Easting
(WGS84 Zone 14N) Elevation
(metres) Azimuth
(°) Inclination
(°) Length
(metres)

AP-23-297 410,272 1,997,995 936 270 -46 285.0

AP-23-298 410,272 1,997,995 936 270 -85 129.0

Table 2: Drill Hole Details

Quality Assurance / Quality Control

Core samples were shipped to ALS Limited in Santiago Queretaro, Queretaro for sample preparation and for analysis at the ALS Laboratories in North Vancouver. The North Vancouver ALS facility is ISO/IEC 17025 certified. Gold was assayed by 30-gram fire assay with atomic absorption spectroscopy finish and overlimits were analysed by 50g fire assay with gravimetric finish.

Control samples comprising certified reference samples and blank samples were systematically inserted into the sample stream and analyzed as part of the Company’s quality assurance / quality control protocol.

Statement of Qualified Person

Stewart Harris, P.Geo., a Qualified Person, as such term is defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101“), has reviewed the scientific and technical information that forms the basis for this news release and has approved the disclosure herein. Historical information contained in this news release cannot be relied upon as Stewart Harris has not prepared nor verified such information.

Investor Relations

The Company is pleased to announce that it has retained the services of Swiss Resource Capital AG (“SRC”) to undertake European focused investor relations activities on behalf of the Company. SRC is an independent arms-length entity based in Switzerland who will introduce the Company to its European investor network by recording, translating, broadcasting, and disseminating on its digital platform’s news, articles, interviews, and webinars. Under the terms of the Agreement, the Company will compensate SRC 5,000 CHF per month for a 12-month term, previously incorrectly reported as 3,500 Euro per month for a 12-month term.

About Heliostar Metals Ltd.

Heliostar is a junior mining company with a portfolio of high-grade gold projects in Mexico and Alaska.

The Company is focused on developing the 100% owned Ana Paula Project in Guerrero, Mexico. In addition, Heliostar is working with the Mexican federal and local government to permit the San Antonio Gold Project in Baja Sur, Mexico. The Company continues efforts to explore the Unga Gold Project in Alaska, United States of America.

The Ana Paula Project deposit contains proven and probable mineral reserves of 1,081,000 ounces of gold at 2.38 grams per tonne (“g/t”) gold and 2,547,000 ounces of silver at 5.61 g/t silver. Ana Paula hosts measured and indicated resources of 1,468,800 ounces of gold at 2.16 g/t gold and 3,600,000 ounces of silver at 5.3 g/t silver. The asset is permitted for open-pit mining and contains significant existing infrastructure including a portal and a 412-metre-long decline.

References

¹ An updated prefeasibility study titled “Ana Paula Project NI 43-101 Technical Report Preliminary Feasibility Study Update” was filed on SEDAR on April 6, 2023, with an effective date of February 28, 2023, prepared for the Company by Daniel H. Neff, PE, Art S. Ibrado, PhD, PE, Richard K. Zimmerman, RG, SME-RM, Craig Gibson, PhD, CPG, Andrew Kelly, P.Eng., Gordon Zurowski, P.Eng., Paul Daigle, P.Geo., Gilberto Dominguez, PE and James A. Cremeens, PE, PG.

For additional information please contact:

Charles Funk

Chief Executive Officer
Heliostar Metals Limited
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Rob Grey

Investor Relations Manager
Heliostar Metals Limited
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Neither 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.

This news release includes certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” under applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “would”, “could”, “schedule” and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things: the exploration, development, and production at the Company’s properties; permitting at the San Antonio project; the release of exploration results; and future resource and reserve estimates.

Forward-looking statements and forward-looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of the Company, future growth potential for the Company and its business, and future exploration plans are based on management’s reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of metals; no escalation in the severity of public health crises or ongoing military conflicts; costs of exploration and development; the estimated costs of development of exploration projects; and the Company’s ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

These statements reflect the Company’s respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political, and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: precious metals price volatility; risks associated with the conduct of the Company’s mining activities in foreign jurisdictions; regulatory, consent or permitting delays; risks relating to reliance on the Company’s management team and outside contractors; risks regarding exploration and mining activities; the Company’s inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises, ongoing military conflicts and general economic factors to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company’s interactions with surrounding communities; the Company’s ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption “Risk Factors” in the Company’s public disclosure documents. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although the Company has attempted to identify key factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

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July 18, 2023

Goldstorm Metals Prepares for Upcoming Drill Program at the Electrum Gold Project, Located in British Columbia

2023-07-18 01:08:38

Vancouver, British Columbia–(Newsfile Corp. – July 18, 2023) – Goldstorm Metals Corp. (TSXV: GSTM) (FSE: B2U) (“Goldstorm” or “the Company“) is pleased to report that planning is underway to conduct a diamond drilling program (the “Program“) on its 100% owned Electrum gold property (the “Property“). The Property is located within the Golden Triangle region of British Columbia, directly between Newmont Corporation’s Brucejack Mine, approximately 20 kilometers (km) to the north, and the past producing Silbak Premier mine, 25 km to the south. Click to view the location map.

The upcoming Program at Electrum is anticipated to start at the beginning of August and will include 7 to 9 drill holes totaling approximately 3,000 meters (m). The Program will focus on historical high-grade intervals reported from previous drill programs by several different operators. In previous programs, several of the drill-tested targets returned high grade results, including 31.40 g/t gold and 19.0 g/t silver over 2.0 m and 440.8 g/t gold and 400.0 g/t silver over 0.52 m.

Drilling will also target areas of gold-bearing surface samples collected by Goldstorm last year within the historical East Gold Mine area, where intermittent small-scale, underground production between 1939 and 1965 produced 3,816 ounces of gold and 2,442 ounces of silver from 45 tons of hand selected ore. Sampling and mapping by Tudor Gold Corp. in 2020 further support this prospective target, as a verification chip sample taken within this area returned values of 101.60 g/t gold and 20,334 g/t silver. Click to view the Electrum drill areas.

Ken Konkin P. Geo., President and CEO, adds: “We are pleased to announce that reconnaissance targeting of high-priority drill targets has begun. Field crews are examining several areas to prioritize our most prospective precious and base metal targets in preparation for drilling. In addition, we will be installing a bridge to replace the temporary structure that was washed out by excessive run-off several years ago. Once the bridge is installed, we expect to mobilize our Stewart-based drilling equipment to the Electrum property via the Granduc road, which provides excellent access from Stewart. We look forward to starting the drilling in a few weeks.”

About the Electrum Project

Mineralization on the Electrum Property is controlled by two major fault lines that locally host bonanza gold grades, along with broader stockwork zones, within a complex geological model. Similar to the nearby Brucejack Mine, gold and silver mineralization occurs as coarse electrum in several generations of quartz-carbonate veins and vein breccias hosted within a deformed volcanic-sedimentary sequence. Intermediate-to-low sulphidation gold and silver mineralization is present in many of the veins, accompanied by pyrite, sphalerite, galena and chalcopyrite. Precious metal mineralized veins have been traced on surface over lengths of several tens of meters to more than a hundred meters, pinching and swelling along strike. Much of the work at Electrum to date has tested extensions of known epithermal veins that have returned several high silver and gold values from limited underground mining and trench exposures.

Drilling by previous operators encountered gold-silver mineralization at depths of up to 200 meters from surface with several holes intersecting relatively wide zones containing narrow quartz-sulfide stockwork veins that returned moderate precious metal values. These intercepts are located beneath surface exposures that were subsequently blasted, trenched and bulk sampled in an area referred to as the New Blast Zone. Here, a 3.8 tonne bulk sample that was collected from a 5-meter-wide zone averaged 2.82 g/t gold, 539 g/t silver, 1.96 % lead and 1.97 % zinc. Localized veins, found within some of the wider drill intervals, contain electrum and silver sulfosalt minerals that have returned significant silver and gold values over narrow widths.

In addition to high grade gold and silver mineralization targets, Electrum hosts untested geophysical anomalies at depth beneath the main vein zones, as well as an area at the south end of Electrum that shows evidence of potential porphyry-style mineralization.

Qualified Person

The Qualified Person for this news release for the purposes of National Instrument 43-101 is the Company’s President and CEO, Ken Konkin, P.Geo. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.

About Goldstorm Metals

Goldstorm Metals Corp. is a precious and base metals exploration company with a large strategic land position in the Golden Triangle of British Columbia, an area that hosts some of the largest and highest-grade gold deposits in the world. Goldstorm’s flagship projects Crown and Electrum cover an area that totals approximately 16,469 hectares over 7 concessions, of which 6 are contiguous. The Crown Project is situated directly south of Seabridge Gold’s KSM gold-copper deposits and Newcrest Gold’s Brucejack/Valley of the Kings gold mine. Electrum, also located in the Golden Triangle of BC, is situated directly between Newmont Corporation’s Brucejack Mine, approximately 20 kilometers to the north, and the past producing Silbak Premier mine, 25 kilometers to the south.

ON BEHALF OF THE BOARD OF DIRECTORS OF
GOLDSTORM METALS CORP.

“Ken Konkin“

Ken Konkin
President and Chief Executive Officer

For further information, please visit the Company’s website at https://goldstormmetals.com/or contact:

Chris Curran
Head of Corporate Development and Communications
Phone: (604) 559 8092
E-Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

or

Carsten Ringler
Head of Investor Relations and Communications
Phone: +49 151 55362000
E-Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Neither 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.

Cautionary Statement Regarding Forward Looking Statements

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, including without limitation, the statement regarding the expectation geologists are expected to complete a compilation study this winter once all assay results are received. Such statement is forward-looking statements and contains forward-looking information.

Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on certain material assumptions and analysis made by Goldstorm and the opinions and estimates of management as of the date of this press release, including that geologists will complete a compilation study this winter once all assay results are received.

These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Goldstorm to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary, include, without limitation that geologists will not complete a compilation study this winter or at all.

Although management of Goldstorm has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Goldstorm does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.

Electrum Location Plan Map

Electrum Drill Target Map

Source link

July 18, 2023

Solis Minerals: Coarse Spodumene Intersected at Jaguar in Maiden Drill Programme

2023-07-17 07:00:03

Estimated Visual Volume of Spodumene of Up To 20%

HIGHLIGHTS

Maiden drilling intersects shallow-dipping coarse spodumene rich pegmatites at Jaguar in two initial diamond holes

JADDH00002 intersected 52m of pegmatite with 8.2m of spodumene rich quartz bearing central core area from 32m downhole

JADDH00003 intersected 39.3m of pegmatite with 7.9m of spodumene rich quartz bearing central core area from 44.3m downhole

Visual volume spodumene intersected of up to 20%

Additional pegmatite footprint identified ~1km northwest of Jaguar

Second rig being tendered now to commence additional 5,000m programme

Vancouver, British Columbia–(Newsfile Corp. – July 17, 2023) – Solis Minerals Limited (ASX: SLM) (TSXV: SLMN) (“Solis” or the “Company”) is pleased to announce the intersection of spodumene bearing pegmatite in the 2,500m maiden drill programme at the Jaguar Lithium Project Bahia state, Brazil over which the Company has recently secured an option to acquire a 100% interest.^[1]

Figure 1: Coarse spodumene crystals in JADDH0002 (34.05m) within weathered brecciated quartz rich core of the Jaguar pegmatite. *In relation to the disclosure of visual occurrences of pegmatite and spodumene, the Company cautions that visual estimates of mineral abundance should not be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations.

The Drilling Programme

Diamond drilling at the Jaguar project is ongoing with three drillholes now completed. As the orientation dip and plunge of the mineralised portion of the first pegmatite target was unclear from outcropping mineralisation, drilling was planned from both the hanging wall and footwall locations North and South of the pit. Drillhole JADDH00001 did not intercept the core of the pegmatite due to incorrect drill orientation. JADDH00002 and JADDH00003 both successfully intersected broad intervals of shallow dipping pegmatite below the existing artisanal workings at Jaguar. Spodumene rich central core sections of the pegmatite were intersected from 30m to 38.2m in JADDH00002 and from 44.3m to 52.2m in JADDH00003, respectively (Table 1, Figures 2, 3 & 4).

Figure 2: SciAps LIBS (Laser induced breakdown spectroscopy) handheld analyser reading on spodumene within core sample interval 44.3m in hole JADDH00003#.

Executive Director, Matt Boyes, commented: “This is a positive result for the team from the maiden programme at Jaguar. Confirmation of an LCT – (Lithium-Caesium-Tantalum) bearing system that continues at depth below the artisanal workings is highly encouraging and we look forward to the arrival of a second drill rig. As we extend our mapping and geochemical sampling programmes, we are finding evidence of a potential stacked pegmatite system. Multiple spodumene bearing float samples have been collected up to 1 kilometre from the central Jaguar artisanal mine area and large outcropping pegmatites, which are completely untested, have been located. We are encouraged by our early results at the Jaguar project, and we look forward to updating the market as we deliver results from this maiden drill programme.”

# LIBS readings should not be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. LIBS readings are not representative of the whole core and represent purely a concentration measured at a single point.

BHID FROM TO LENGTH LITH Weathering Estimated Volume
% spodumene*

JADDH00002 0.00 0.85 0.85 SOIL Ox

JADDH00002 0.85 30.00 29.15 PEG Ox

JADDH00002 30.00 38.17 8.17 SPEG Ox 15

JADDH00002 38.17 53.40 15.23 PEG Transition

JADDH00002 53.40 161.05 107.65 SCH Fresh

JADDH00003 0.00 1.00 1.00 Soil Ox

JADDH00003 1.00 18.25 17.25 SCH Ox

JADDH00003 18.25 18.40 0.15 FAULT Ox

JADDH00003 18.40 21.14 2.74 SCH Ox

JADDH00003 21.14 21.35 0.21 FAULT Ox

JADDH00003 21.35 22.00 0.65 SCH Ox

JADDH00003 22.00 22.15 0.15 FAULT Ox

JADDH00003 22.15 22.40 0.25 SCH Ox

JADDH00003 22.40 44.30 21.90 PEG Ox

JADDH00003 44.30 52.20 7.90 SPEG Ox 20

JADDH00003 52.20 61.70 9.50 PEG Ox

JADDH00003 61.70 86.70 25.00 SCH Fresh

JADDH00003 86.70 89.10 2.40 PEG Fresh

JADDH00003 89.10 93.40 4.30 SCH Fresh

Table 1: Logged lithology for JADDH00002 and JADDH00003 with estimated spodumene volume. Lengths are estimated to represent the true width of the pegmatite body. PEG = pegmatite; SPEG = spodumene pegmatite; SCH = schist, Ox = oxidised. Volume of spodumene is a visual field estimate. JADDH00001 did not intersect spodumene bearing pegmatite.

*In relation to the disclosure of visual occurrences of pegmatite and spodumene, the Company cautions that visual estimates of mineral abundance should not be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations.

Initial production rates averaged just 7m per shift, with crews encountering start-up technical challenges. These have been fully addressed, with drilling now expected to achieve normal production targets. Continuous mineralisation has now been confirmed below the existing artisanal workings, and Solis is sourcing a second rig. A tender has been called for an additional 5,000m diamond core drilling programme with a larger capacity track mounted rig capable of higher production rates and higher availability. This is expected to improve the drilling rates which have been less than targeted.

Step out drillholes along the interpreted strike of the pegmatite are now planned to help understand the overall strike, dip and distribution of the mineralisation within the pegmatites. The drilling to date has intersected pegmatites which adhere to a classic idealised LCT bearing pegmatite model. The mineralisation grades from an Albite-Quartz-Muscovite rich border zone through to a K-Feldspar rich intermediate zone and then grading to a Tourmaline-Quartz-Spodumene rich core. The pegmatites are orientated in a north-east strike and are dipping at approximately 30 degrees to the south-east, parallel to the slope of the ridge line that is formed by the pegmatite.

Solis is currently installing core cutting facilities on site and intends to start processing the existing core within the next week. Solis will be aiming to complete a further 3 holes from the current programme and submitting the first batch of samples in late July with results expected late August. All samples will be assayed at SGS Laboratories in Minas Gerais province with current turnaround period of 3 weeks post submission of samples.

Figure 3: Cross section through Jaguar pit area with recently completed drilling and interpreted geology.

Figure 4: Planview of drilling completed to date with satellite image showing locations of outcropping pegmatites and artisanal workings. Artisanal workings visible are for dimension stone.

Exploration Programme and Additional Targets

The initial focus of Solis during this maiden campaign is to test the known strike of the confirmed pegmatite outcrops at Jaguar and commence step out drilling to the north to test interpreted repetitions of the Jaguar pegmatites at depth. Pegmatite outcrops have been identified over 1.4km of strike with a central section that forms the elevated ridge area (See Figure 5) of in excess of 800m within the Jaguar tenement area. Mineral species identified in all the outcropping artisanal workings are consistent with an LCT – bearing system and fit a classic pegmatite model. The insert photo in Figure 5 shows very large individual feldspar and beryl crystals within an albite matrix.

Figure 5 below gives a spatial overview from a drone image of the follow up priority target areas.

A large shallow dipping pegmatite body measuring approximately 400m x 400m at the surface has been mapped approximately 1 kilometre to the north-west of the Jaguar pit and will be drill tested once additional drill capacity is mobilised to site. This pegmatite body exhibits classic mineralisation and textures associated with LCT- bearing systems. Spodumene bearing float has been found at surface in the vicinity of the outcrop with the source of the mineralisation yet to be located. The body has a similar dip and strike orientation to the Jaguar mineralisation which was intersected in the current programme and represents a potential repetition and hence the possibility for a stacked system with multiple pegmatite bodies to be hosted within the tenement package.

Figure 6 shows the outcropping pegmatite with textures and mineralisation identified from initial field reconnaissance and mapping.

Figure 5: Aerial view showing outcropping pegmatites to be tested in current drill programme and location of recently completed JADDH00002. Artisanal workings are for dimension stone.

Figure 6: Large outcropping pegmatite body located on the northern border of Jaguar tenement, exhibits classic LCT- bearing pegmatite geology with spodumene float located proximal to artisanal workings.

About Solis Minerals Ltd.

Solis is a Latin American battery mineral-focused mining exploration company. The Company owns a 100% interest in the Borborema Lithium Project in NE Brazil, covering approximately 25,000ha. It has recently executed an option to acquire 100% of the Jaguar Lithium project in Bahia state, Brazil. In addition, Solis also holds a 100% interest in 32,400ha of combined licences and applications of highly prospective IOCG (iron oxide copper/gold) and porphyry copper projects in southwestern Peru within the country’s prolific coastal copper belt – a source of nearly half of Peru’s copper production.

This Announcement has been authorized for release to the TSX-V and ASX by the Board of Solis Minerals.

For further information, please contact:

Australia
Matt Boyes
Executive Director
Solis Minerals Limited
+61 8 6117 4798

Stephen Moloney
Investor Relations
Corporate Storytime
+61 (0) 403 222 052

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

Forward-Looking Statements

This news release contains certain forward-looking statements that relate to future events or performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected, including, but not limited to, market conditions, availability of financing, actual results of the Company’s exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labour issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof, and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.

Qualified Person Statement

The technical information in this news release was reviewed by Fred Tejada, P.Geo, a qualified person as defined by National Instrument 43-101 (NI 43-101).

Competent Person Statement

The information in this ASX release concerning Geological Information and Exploration Results is based on and fairly represents information compiled by Mr Matthew Boyes, a Competent Person who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Boyes is an employee of Solis Minerals Ltd. and has sufficient experience which is relevant to the style of mineralisation and types of deposit under consideration and to the exploration activities undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australian Code for Reporting of Mineral Resources and Ore Reserves”. Mr Boyes consents to the inclusion in this report of the matters based on information in the form and context in which it appears. Mr Boyes has provided his prior written consent regarding the form and context in which the Geological Information and Exploration Results and supporting information are presented in this Announcement.

All information about exploration results that were previously released to the market is appropriately referenced in this document.

APPENDIX 1

Borborema and Jaguar Project licence areas

Number License Number Registered Owner Status Ha

1 846.232/2022 Onça Mineração Ltda. Waiting for publication 675

2 846.233/2022 Onça Mineração Ltda. Waiting for publication 172

3 846.234/2022 Onça Mineração Ltda. Waiting for publication 460

4 848.411/2022 Onça Mineração Ltda. Waiting for publication 1,666

5 848.412/2022 Onça Mineração Ltda. Option for a license area due to interference 1,563

6 848.413/2022 Onça Mineração Ltda. Waiting for publication 714

7 848.414/2022 Onça Mineração Ltda. Waiting for publication 1,488

8 848.415/2022 Onça Mineração Ltda. Ongoing 3-year exploration license 1,839

9 848.416/2022 Onça Mineração Ltda. Waiting for publication 614

10 848.417/2022 Onça Mineração Ltda. Waiting for publication 710

11 848.418/2022 Onça Mineração Ltda. Waiting for publication 381

12 848.419/2022 Onça Mineração Ltda. Waiting for publication 1,275

13 848.420/2022 Onça Mineração Ltda. Waiting for publication 70

14 848.423/2022 Onça Mineração Ltda. Waiting for publication 1,572

15 848.424/2022 Onça Mineração Ltda. Waiting for publication 1,689

16 848.425/2022 Onça Mineração Ltda. Ongoing 3-year exploration license 1,918

17 848.426/2022 Onça Mineração Ltda. Waiting for publication 1,662

18 848.427/2022 Onça Mineração Ltda. Waiting for publication 798

19 848.428/2022 Onça Mineração Ltda. Ongoing 3-year exploration license 1,667

20 848.429/2022 Onça Mineração Ltda. Waiting for publication 664

21 848.430/2022 Onça Mineração Ltda. Waiting for publication 1,688

22 848.431/2022 Onça Mineração Ltda. Waiting for publication 1,525

23 871427/2006 Mineração Marico Ltda. Preliminary mining license granted. 294

24 872376/2021 Igramar Industria de Granitos e Marmores Ltda. Ongoing 3-year exploration license 849

Total 25,953

Table 1: Solis’ licence areas. Onca (a wholly-owned subsidiary of Solis) has a 100% interest in the above licences 1-22, the Borberema Project, in NE Brazil. Licences 23 & 24 comprise the Jaguar Project. Solis has an option to acquire 100% of these licences¹.

APPENDIX 2

Drill hole collar and survey information for the maiden drill programme

Hole ID East (m) North (m) RL (m) Depth (m) Survey Type Azimuth Dip

JADDH00002 361038 8883685 668 161.05 GPS 339 -54

JADDH00003 361058 8883636 662 93.4 GPS 330.82 -54.275

JADDH00001 361030 8883759 686 74.35 GPS 163 -58

APPENDIX 3

JORC Code, 2012 Edition – Table 1

Criteria JORC Code explanation Commentary

Sampling techniques

Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.

Include reference to measures taken to ensure sample representativity and the appropriate calibration of any measurement tools or systems used.

Aspects of the determination of mineralisation that are Material to the Public Report.

In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information.

Sampling at the surface was predominantly cut channels and rock chips. Sampling was focused on confirmation of mineralisation of Lithium from selected mineral species in the case of Jaguar “Weathered Spodumene”. Samples are not considered to be representative of exposed widths of the pegmatite body, samples were not collected over standard widths or perpendicular to orebody orientations.

Samples size ranged between 1.5-3kg and industry standard an acceptable weight to ascertain a representative sample for preparation and assay.

Core from the maiden drill programme has not yet been cut or sampled.

LIBS handheld instruments were utilised to confirm Lithium mineralisation present, LIBS readings should not be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest LIBS readings are not representative of the whole core and represent purely a concentration measured at a single point.

Drilling techniques

Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face- sampling bit or other type, whether core is oriented and if so, by what method, etc).

All drill holes completed to date at Jaguar are diamond drillholes with core being drilled at HQ and NQ diameters with standard tube set up. Holes JADDH00002 and JADDH00003 have been oriented by use of a REFLEX ACT digital core orientation tool.

Drill sample recovery

Method of recording and assessing core and chip sample recoveries and results assessed.

Measures taken to maximise sample recovery and ensure representative nature of the samples.

Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.

Diamond core was reconstructed into continuous runs with depths measured from the core barrel and checked against core block measurements in trays.

JADDH00001 to JADDH00003 all reported in excess of >90% core recovery in oxidised and fresh material. JADDH0002 suffered an estimated 20-25% core loss in the mineralised core section of the pegmatite due to washing out of the weathered friable spodumene crystals and clay. This will likely result in a bias to under report grade due to core loss.

Solis has requested a triple tube system is utilised in future shallow drilling to limit potential wash out of oxidised material.

Logging

Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.

Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.

The total length and percentage of the relevant intersections logged.

Solis geologists logged all sample noting mineralogy, lithology, alteration and weathering state of samples obtained.

Logging is both quantitative and qualitative in nature.

All samples including any submitted CRM material are individually photographed before submission.

All core is photographed and orientated.

Sub-sampling techniques and sample preparation

If core, whether cut or sawn and whether quarter, half or all core taken.

If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.

For all sample types, the nature, quality and appropriateness of the sample preparation technique.

Quality control procedures adopted for all sub-sampling stages to maximise representativity of samples.

Measures taken to ensure that the sampling is representative of the in-situ material collected, including for instance results for field duplicate/second-half sampling.

Whether sample sizes are appropriate to the grain size of the material being sampled.

Samples were taken to check the grades of exposed spodumene mineralisation, no systematic sampling across known exposed pegmatites was completed, samples were rock chips only and no systematic channel sampling has been completed to date.

Duplicate samples were taken and stored for future reference.

Samples are considered to be representative of exposed spodumene crystals within Jaguar open pit and of appropriate size with respect to sampled material.

Diamond drill core has not yet been sampled

Quality of assay data and
laboratory tests

The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.

For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.

Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.

All samples were assayed at SGS GEOSOL Laboratories Ltda Brazil.

Analysis procedures are considered to be appropriate for lithium and multielement analysis.

Rock chips and grab samples are assayed via ICM90A (fusion by sodium peroxide and finish with ICP-MS/ICP-OES) for a 56-element suite at the SGS Geosol Laboratorios located at Vespasiano/Minas Gerais, Brazil.

If lithium results are above 15,000ppm, the lab analyses the pulp samples just for lithium through ICP90Q (fusion by sodium peroxide and finish with ICP/OES).

Solis inserted industry standard OREAS CRM for analysis, standards utilised were OREAS 750 and OREAS 22h, reported values are within 1SD of CRM certified values.

Verification of
Sampling and assaying

The verification of significant intersections by either independent or alternative company personnel.

The use of twinned holes.

Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.

Discuss any adjustment to assay data.

All Solis data is verified by the Competent Person. All data is stored in an electronic Access Database.

• Assay data and results is reported, unadjusted.

Li₂O results used in this ASX release are converted from Li results by multiplying this value by the industry factor 2.153.

Location of data points

Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.

Specification of the grid system used.

Quality and adequacy of topographic control.

Data is shown using the UTM SIRGAS 2000 zone 23 South grid system.

All samples and drill hole collar locations were captured using a handheld GPS and are to be surveyed in with a DGPS once arrives on site.

Data spacing and distribution

Data spacing for reporting of Exploration Results.

Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.

Whether sample compositing has been applied.

No set sample spacing or pattern has been applied due to the preliminary nature of the sampling programme.

Orientation of data in relation to geological structure

Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.

If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.

Drill holes JADDH0002 and JADDH0003 were both orientated utilising a digital downhole tool confirming the orientation with respect to lithological contacts and known country rock stratigraphy.

Sample security

The measures taken to ensure sample security.

N/A – No sampling of drill core has been undertaken.

Audits or
reviews

The results of any audits or reviews of sampling techniques and data.

There have been no detailed external audits or reviews undertaken.

Solis has conducted an internal technical review of the available geological and other publicly available data.

Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section)

Criteria JORC Code explanation Commentary

Mineral tenement and land tenure status

Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.

The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.

The Jaguar Project area consists of 2 exploration licences held in the name of Marica Mineração Ltda, and Ingramar Ltda. Onca Mineracao has signed a binding option agreement sheet with both companies giving Onca the right to purchase 100% of each licence.
See ASX release dated 31 May 2023 for terms of agreement.

Exploration Licences: 871427/2006, 872376/2021

Licences are in good standing and have no known environmental or other liabilities of any kind.

Exploration done by other parties

Acknowledgment and appraisal of exploration by other parties.

N/A – the Company is not aware of any previous formal exploration being undertaken within the tenements.

Geology

Deposit type, geological setting and style of mineralisation.

Prospective potential host units for the mineralised pegmatites are similar to the suite hosting the Colina-Salinas pegmatites held by Latin Resources Limited (ASX:LRS) in the state of Minas Gerais. They consist predominantly of metavolcanic and metasedimentary rocks (schist, gneiss and quartzites) located close to the large granitoids from the G3 suite with batholiths, stocks and dykes represented. Pegmatites are located within 0-5km of the granite contacts.

Drill hole
Information

A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:

easting and northing of the drill hole collar

elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar

dip and azimuth of the hole

hole length

If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.

Refer to tables presented in report and notes attached which provide all relevant details.

Criteria JORC Code explanation Commentary

Data aggregation methods

In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be stated.

Where aggregate intercepts incorporate short lengths of high-grade results and longer lengths of low-grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.

The assumptions used for any reporting of metal equivalent values should be clearly stated.

N/A no new drilling data is included in this report.

Relationship between mineralisation widths and intercept lengths

These relationships are particularly important in the reporting of Exploration Results.

If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.

If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g. ‘down hole length, true width not known’).

N/A no new drilling data is included in this report.

Diagrams

Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.

The Company has included various maps and figures showing the sample results and geological context.

Balanced reporting

Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced avoiding misleading reporting of Exploration Results.

Logging for JADDH00001 was not included in current release as hole did not pierce the mineralised target section of the pegmatite intrusive and therefore is not of material significance.

Other substantive exploration data

Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.

N/A no new results are included in this report.

Further work

The nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large-scale step-out drilling).

Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.

Solis will undertake extensive validation field confirmation and sampling of the regional geological setting including all known outcropping pegmatites.

Solis has signed a diamond drill contract for 2,500m of HQ diameter drill core to be performed on existing targets and below the known outcropping mineralisation at the Jaguar project.

It is premature to provide diagrams of possible extensions.

^[1] See ASX release 31 May 2023. The Company confirms that it is not aware of new information that affects the information contained in the original announcement.

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July 17, 2023

CopAur Minerals Drilling Third Strategic Hole and Mobilizing Second Drill at Kinsley Mountain Gold Project

2023-07-13 07:21:36

Vancouver, British Columbia–(Newsfile Corp. – July 13, 2023) – CopAur Minerals Inc. (TSXV: CPAU) (OTCQX: COPAF) (“CopAur” or the “Company”) is pleased to announce that it has completed the first two core holes for a total of 607 metres of infill drilling (KMR23-01, and KMR23-02) targeting the high-grade Western Flank Zone (WFZ). Drilling is now underway on the third planned core hole KMR23-03 at the Kinsley Ridge IP geophysical target discovered in 2021, (Figure 1) The Kinsley Ridge IP target is designed to target an undrilled area between WFZ mineral resource and the past producing Ridge Pit.

Core cutting and sampling of the first WFZ core hole is now complete, and samples will be shipped to ALS Global in North Vancouver, Canada for gold fire assays and multi-element analysis in the coming days.

The second drill rig is now turning, with the commencement of reverse circulation (RC) drilling, as part of the 3,500 metre (m) combined reverse circulation (RC) and diamond core drilling program at the Company’s flagship Kinsley Mountain Gold Project (the “Kinsley Mountain Project” or “Kinsley Mountain”) in Elko County, Nevada.

Near surface oxide-gold resource expansion RC drilling has now commenced at the Main Pit North target (8 holes for a total of 1,200 metres planned) designed to further delineate the companies 2020 shallow oxide gold intercept of 9.83 g/t gold over 7.6 metres in KMR20-030 (Figure 1, and Image 1). High-grade oxide gold mineralization at Main Pit North occurs within 120 metre depth from surface and 75 metres outside the current resource pit shell representing a unique resource expansion opportunity given the high-grade and shallow depth of the mineralization being targeted.

Following completion of RC drilling at Main Pit North the drill will move to the Secret Spot target where drilling designed to further delineate new 2020 surface oxide gold discovery that yielded 1.77 g/t gold over 25.3 metres in KMD20-007B in the centre of a broader 400 x 300 metre northwest trending gold in soil anomaly1. New geological mapping completed this month indicates more extensive Dunderberg Shale, a well demonstrated Kinsley Mountain gold host, than previously recognized, and association of drilled gold mineralization with steeply dipping southeast striking structures, which opens the potential expansion of the KMD20-007B surface oxide gold zone at depth.

CEO Jeremy Yaseniuk stated, “We are pleased to have added a second drill rig at Kinsley Mountain. With resource infill core drilling at the Western Flank Zone now complete we’re excited to test the under-explored Kinsley Ridge IP target. Main Pit North continues to be a focus of RC resource expansion where high-grade near surface oxides have the potential to rapidly accrete gold ounces. In addition, the recently completed geological mapping at Secret Spot has significantly reinforced our view of the expansion potential of this already exciting new surface oxide gold discovery.”

The Kinsley Project hosts mineral resources comprising the high-grade sulphide Western Flank Zone and near surface oxide of 418,000 indicated ounces gold at 2.63 g/t gold, and 117,000 inferred ounces gold at 1.51 g/t gold¹. Indicated resources are inclusive of 302,000 ounces averaging 6.11 g/t gold hosted within the Secret Canyon Shale at the Western Flank Zone. The Kinsley Project was an historical past producer that yielded 138,000 ounces of near surface open pit oxide gold between 1995-1999.

Figure 1. 2023 Planned RC and Diamond Drilling and Kinsley Ridge IP Target

Image 1: RC Drilling Underway at Main Pit North Target Looking East

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC), Principal and Consultant, and Christopher W. Livingstone, P.Geo. (BC), Senior Geologist, both of APEX Geoscience Ltd. of Edmonton, AB, and “Qualified Persons” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Raffle and Mr. Livingstone have verified the data disclosed which includes a review of the sampling, analytical and test data underlying the information and opinions contained herein.

For more information, please contact:

CopAur Minerals Inc.

Jeremy Yaseniuk, Chief Executive Officer & Director
Tel: +1 (604) 773-1467
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Max Sali, Director
Tel: +1 (604) 367-8117
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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 news release.

Forward-Looking Information

This news release includes certain statements that constitute “forward-looking information or statements” within the meaning of applicable securities law, including without limitation, conducting exploration work on its projects, receipt of assays, other statements relating to the technical, financial and business prospects of the Company and its properties, and other matters.

This news release contains forward-looking statements. These statements relate to future events or 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 revised any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

¹ Technical Report on the Kinsley Project, Elko County, Nevada, U.S.A., dated June 21, 2021, with an effective date of May 5, 2021, and prepared by Michael M. Gustin and Gary L. Simmons, and filed under New Placer Dome Gold Corp.’s issuer profile on SEDAR (www.sedar.com).

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July 13, 2023
Tectonic Metals Set to Launch Inaugural 2023 Drill Program to Unlock Tier-One Potential of Flat Gold Project

2023-07-13 05:36:54

Tectonic to hold Webcast on July 18th with Kevin Smith, Founder and Chief Investment Officer of Crescat Capital, to discuss 2023 Exploration Program in Detail and Answer Questions

VANCOUVER, BC / ACCESSWIRE / July 13, 2023 / Tectonic Metals Inc. (TSXV:TECT) (“Tectonic” or the “Company“) a mineral exploration company focused on acquiring, exploring, and developing district-scale projects in politically stable jurisdictions, today announced the scope of the Company’s inaugural 2023 drill program for the Flat Gold Project in Southwest Alaska. The planned 5,000 metre program will incorporate both oriented diamond and reverse circulation (“RC”) drilling in two phases with drilling expected to commence mid August.

Tony Reda, President and Chief Executive Officer of Tectonic, said: “Our inaugural 2023 drill program is all about unveiling the tier one potential of the Flat Gold Project. Our first step is to conduct oriented diamond core drilling, uncovering valuable insights into the structural characteristics of gold mineralization at Chicken Mountain. With 55 historical drill holes all encountering gold mineralization, we’re thrilled about the possibilities that lie ahead. Out of these, 25 drill holes ended in mineralization, highlighting the incredible depth potential at Chicken Mountain. Armed with this newfound structural data, we’ll aim to target mineralization at depths that have yet to be explored. We’ll also be deploying the RC drill to meticulously investigate the sprawling 4km-long and almost 1km-wide gold-in-soil anomaly at Chicken Mountain. We would like to express our gratitude to all the shareholders and stakeholders who have been instrumental in bringing us to this point. Their unwavering support has led us to this highly anticipated drill program at Flat.”

2023 Exploration Program Webcast

On Tuesday, July 18th, Tony Reda, President and CEO of Tectonic Metals, and Kevin Smith, Founder and Chief Investment Officer of Crescat Capital, will hold a webcast to discuss Crescat’s expanded investment in Tectonic Metals and the upcoming 2023 Exploration and Drilling Program.

The webcast will take place at 11:00 AM Pacific Time, 12:00 PM Mountain Time, and 2:00 PM Eastern Time.

To register for or access the webcast please use this link: https://streamyard.com/watch/mvPD2TGPXsbw

Phase 1: Oriented Diamond Core Drilling

Goals:

1) Define structural orientation of gold mineralization at Chicken Mountain

2) Extend mineralization beyond 100m vertical depth at Chicken Mountain

3) Discover gold within a brand new Intrusion i.e. Golden Apex/ Chicken Mountain East

Phase 1 with the oriented diamond drill is expected to commence mid-August with the following priority targets:

Step down drilling along approximately 900 metres of the main Chicken Mountain Trend beneath historical drill holes that returned highlights of 12.6 g/t Au over 24.7m (including 211.3 g/t Au over 1.4m),0.55 g/t Au over 141.7m, 1.27 g/t Au over 31.7m and 1.52 g/t over 45.7 m. Maximum expected hole depths of 400m are designed to test the mineralization to depth where historical drilling only averaged 96m metres vertical depth. Diamond core orientation to yield additional information about the structural setting of mineralization to provide ongoing exploration vectors

Flat hosts an 11 km long geophysical anomaly that suggests additional reduced intrusion-related gold systems may be present at Flat. Drilling will test several of these anomalies:

Lateral drilling into the unexplored and undrilled flank of Chicken Mountain East; and

Diamond drilling of Golden Apex, an interpreted buried intrusive under overlying volcanics.

Phase 2 – Strategic Drill Fences Testing Gold-in-Soil Anomaly

Goal: Demonstrate scale

Phase 2 with the RC drill is expected to commence mid to late August and will test a significant portion of the 4 km long gold in soil anomaly at Chicken Mountain for near surface bedrock mineralization through a series of focused drill fences across the anomaly. Much of the soil anomaly is currently untested by historic drilling.

The Flat Gold Project – Alaska’s Next Tier 1 Opportunity

Tectonic is currently assessing the Flat Gold Project in partnership with Doyon Limited (“Doyon“), one of Alaska’s largest native regional corporations and a significant Tectonic investor. Between 1908 and 1966 approximately 1.4 million ounces of Placer Gold was produced in and around the Flat Gold project. Chicken Mountain is credited as the primary source of this historic placer gold.

Tectonic is currently evaluating this target, which features a four-kilometer long gold in-soil anomaly and 55 historic drill holes, all of which intersected and 25 of which ended in gold mineralization. Preliminary metallurgical analysis to-date has demonstrated rapid leach kinetics and gold recoveries averaging 95% from bottle roll testing (see Tectonic’s news release dated February 16, 2023). This, combined with gold intersections at or near surface, suggest Chicken Mountain could represent an open pit, heap leach opportunity. Chicken Mountain is part of a larger geophysical anomaly that appears to represent an 11-kilometer-long intrusion related gold system that incorporates the additional targets of Golden Apex and Chicken Mountain East.

About Tectonic Metals Inc. (“Tectonic” or the “Company”)

Tectonic brings a highly disciplined capital allocation and development process to mineral exploration. By consistently limiting their focus to tier 1 opportunities that fit their formula for mine economics, and de-risking projects upfront, the team has established a tremendous track record of success. Members of the Tectonic team have been directly involved in identifying and monetizing several significant gold discoveries throughout N. America that have created a tremendous amount of value for shareholders and stakeholders.

To learn more about Tectonic, please click here.

Qualified Person 

Tectonic’s disclosure of a technical or scientific nature in this press release has been reviewed, verified, and approved by Peter Kleespies, M.Sc., P.Geo., Tectonic’s Vice President Exploration, who serves as a Qualified Person under the definition of National Instrument 43-101.  

On behalf of Tectonic Metals Inc.,

Tony Reda

President and Chief Executive Officer

For further information about Tectonic Metals Inc. or this news release, please visit our website at www.tectonicmetals.com or contact Tom McMillan, Investor Relations, at toll-free 1.888.685.8558 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..

Cautionary Note Regarding Forward-Looking Statements

Certain information in this news release constitutes forward-looking information and statements under applicable securities law. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “intend” and similar expressions and include, but are not limited to, the potential for mineralization at Tectonic’s projects, any future exploration activities including the planned 5000m drilling program with the oriented diamond and RC drills; the receipt of any regulatory approvals, including the final approval of the TSXV.

Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management at the date the statements are made including, among others, assumptions about future prices of gold and other metal prices, currency exchange rates and interest rates, favourable operating conditions, political stability, obtaining governmental and other approvals and financing on time, obtaining required licenses and permits, labour stability, stability in market conditions, availability of equipment, accuracy of any mineral resources, successful resolution of disputes and anticipated costs and expenditures. Many assumptions are based on factors and events that are not within the control of Tectonic, and there is no assurance they will prove to be correct.

Although Tectonic considers these beliefs and assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Forward-looking statements necessarily involve known and unknown risks, including, without limitation: the Company’s ability to implement its business strategies; risks associated with mineral exploration and production; risks associated with general economic conditions; adverse industry events; marketing and transportation costs; loss of markets; volatility of commodity prices; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; competition; currency and interest rate fluctuations; and other risks.

Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Although Tectonic has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Tectonic does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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

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July 13, 2023
American Eagle Updates on NAK Drill Program

2023-07-13 03:04:08

Toronto, Ontario–(Newsfile Corp. – July 13, 2023) – American Eagle Gold Corp. (TSXV: AE) (“American Eagle” or the “Company”) is pleased to update shareholders on its ongoing drill program at the NAK Copper-Gold Porphyry project (“NAK”) in British Columbia. The visual assessment of NAK23-08, NAK23-09 and NAK 23-10 is encouraging, showing zones of consistent mineralization, though management emphasizes that visual interpretations do not always correlate with positive assay results.

Cannot view this video? Visit:
Video of CEO Anthony Moreau Providing Update on the 2023 NAK Drill Program

See Core Photos of NAK 23-08, 23-09 and 23-10 here

View 2022 and 2023 NAK Drill Program

NAK 23-08 Complete

NAK 23-08 at NAK has revealed compelling visual chalcopyrite mineralization, extending to a downhole depth of 881 meters. This hole has provided access to untested ground west of the main historically drilled South zone, and west of the north-south fence of deep holes drilled by the Company in 2022. Initially, hole 23-08 was planned to be drilled to 300m depth, but visuals prompted continuation of drilling and have provided us with encouragement to drill additional step-out holes to the west. The visuals in NAK 23-08 highlight the significant potential of this area and further emphasize the potential at the NAK property.

NAK 23-09 Complete

Drill hole NAK23-09, was drilled 730 meters east of NAK22-01, in an area immediately south of the main Babine Stock intrusion. It also yielded encouraging visuals, and confirms the presence of mineralization beyond the limit of historical drilling. American Eagle is assessing the results and actively integrating them into the overall NAK system. Adjustments to the 2023 drilling plan may prioritize further exploration in this area, which we now refer to as the Southern Margin Zone.

NAK 23-10 In-progress

NAK 23-10 is focused on extending the historically higher-grade near-surface mineralization encountered in NAK 22-01 and NAK22-02 and linking this shallower mineralization with the newly- recognized deeper mineralization farthest west in drill hole NAK23-08. Early visuals from the top of the hole are promising. The local zones of chalcopyrite, molybdenite, and bornite veining are consistent with that observed in NAK 23-08.

The aim of the Company’s 2023 exploration efforts is to build scale, discover further high grade zones, and to link those together with an improved understanding of the geology and controls on mineralization within the extensive NAK system.

Assay Results and Core Photos

The Company plans to release assay results in batches as it receives data from the laboratory. The Company may also share photos of the core, though it will not comment on the timing of dissemination of such material and assays.

About American Eagle’s NAK Project

The NAK Project is in the Babine copper-gold porphyry district of British Columbia, near past-producing mines and with excellent infrastructure. Previous drilling at NAK revealed a large near-surface copper-gold system measuring over 1.5 km x 1.5 km. Historical exploration was limited to shallow depths, averaging 170 m. In 2022, American Eagle’s 2022 drilling program explored deeper and discovered significant copper-gold mineralization. The objective for 2023 is to expand the known mineralized footprint at NAK and identify high-grade sources of copper and gold. The property is accessible by road, can be drilled year-round, and largely without helicopter support. The promising initial results make NAK an ideal candidate for further exploration. Drilling resumed in June 2023.

For the latest videos from American Eagle, Ore Group, and all things mining, subscribe to our YouTube Channel: youtube.com/@theoregroup.

About American Eagle Gold Corp.

American Eagle is focused on exploring its NAK project in the Babine Copper-Gold Porphyry district of central British Columbia.

Anthony Moreau, Chief Executive Officer
Phone: 416.644.1567
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
www.americaneaglegold.ca

QP Statement

Mark Bradley, B.Sc., M.Sc., P.Geo., a Certified Professional Geologist and ‘qualified person’ for the purposes of Canada’s National Instrument 43-101 Standards of Disclosure for Mineral Properties, has verified and approved the information contained in this news release.

Forward-Looking Statements

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the TSX Venture Exchange policies) accept responsibility for the adequacy or accuracy of this release. Certain information in this press release may contain forward-looking statements. Forward-looking statements in this press release include, but are not limited to, statements regarding whether the Company can exercise its option to acquire the Project as anticipated and whether the Company’s exploration efforts on the Project produce the results anticipated by management. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Therefore, actual results might differ materially from those suggested in forward-looking statements. American Eagle Gold Corp. assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to American Eagle Gold Corp. Additional information identifying risks and uncertainties is contained in filings by American Eagle Gold Corp. with Canadian securities regulators, which filings are available under American Eagle Gold Corp. profile at www.sedar.com.

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July 13, 2023
Cruz’s Phase-4 Drill Program Confirms Lithium Mineralization is Open in All Directions on the Solar Lithium Project in Nevada, Directly Bordering American Lithium Corp.

2023-07-13 00:06:27

Vancouver, British Columbia–(Newsfile Corp. – July 13, 2023) – Cruz Battery Metals Corp. (CSE: CRUZ) (OTC Pink: BKTPF) (FSE: A3CWU7) (“Cruz” or the “Company“) wishes to announce that the drill results have been received from the phase-4 drill program on the 100-percent owned, 8,135-acre Solar Lithium Project in Nevada, directly bordering American Lithium Corp.’s TLC project (See map below). Three Reverse Circulation (RC) drill holes from the phase-4 drill program were submitted for assaying; all three drill holes discovered the presence of lithium. Solar-13, the farthest North RC hole, had a high value of 1,050 parts-per-million lithium (ppm Li), including 626 ppm Li over 130 feet. Solar-11 had a high value of 950 ppm Li, including 612 ppm Li over 60 feet. Solar-10, Cruz’s Southernmost drill hole, located immediately North of the American Lithium Claim boundary, had a high of 1,060 ppm Li, including 476 ppm Li over 70 feet.

Frank Bain, the on-site Project Geologist, Qualified Person and a director of Cruz Battery Metals, stated: “Assays have been received from ALS Global for the recently completed Phase 4 drilling program. All holes discovered lithium mineralization with thicknesses varying from 70 to 135 feet. The drilling confirmed that the mineralization is open in all directions from the Phase-4 holes. The Phase-5 drill holes have been permitted and will test for lithium mineralization both North, West and South of the Phase-4 drill sites. Drilling is expected to recommence shortly.”

The ‘Solar Lithium Project’ directly borders American Lithium Corp.’s TLC project. On January 17, 2023, American Lithium Corp. announced a resource estimate, in an independent National Instrument 43-101 titled “Technical Report TLC Property” prepared by Stantec Consulting Ltd., for the TLC lithium claystone property containing 8.83 million tonnes lithium carbonate equivalent (LCE) measured & indicated with another 1.86 million tonnes LCE inferred. Cruz Management cautions that past results or discoveries on properties in proximity to Cruz may not necessarily be indicative of the presence of mineralization on the Company’s properties.

Jim Nelson, President of Cruz Battery Metals, stated, “With the phase-4 drill program having expanded the known lithium footprint on the Solar Lithium project, we now look ahead to formulating our phase-5 drill program. Cruz is one of the largest landholders in the Big Smoky Valley of Nevada, directly bordering American Lithium and we’ve still only explored a small fraction of the property. Cruz is well-funded to complete all planned drilling and we anticipate a phase-5 drill program and generating our maiden resource estimate on the 8,135-acre Solar Lithium Project shortly. The remainder of the year will be very active, with several potential catalysts ahead.”

Figure 1: Cruz Ownership Map

Qualified Person

The technical contents of this release were reviewed and approved by Frank Bain, PGeo, a qualified person as defined by National Instrument 43-101.

About Cruz Battery Metals Corp.

Cruz currently has several projects located throughout North America. Cruz’s Nevada lithium projects consist of the 8,135-acre ‘Solar Lithium Project’ and the 240-acre ‘Clayton Valley Lithium Project’. Cruz’s 6,146-acre Hector cobalt project is located in the vicinity of the town of Cobalt, Ontario, which is prospective for cobalt, silver, and diamonds. Cruz’s Idaho projects include the 2,211-acre ‘Idaho Cobalt Belt Project’ and the 80-acre ‘Idaho Star Cobalt Project’. Management cautions that past results or discoveries on properties in proximity to Cruz may not necessarily be indicative of the presence of mineralization on the Company’s properties.

If you would like to be added to Cruz’s news distribution list, please send your email address to This email address is being protected from spambots. You need JavaScript enabled to view it..

Cruz Battery Metals Corp.

“James Nelson”

James Nelson
President, Chief Executive Officer, Secretary and Director

For more information regarding this news release, please contact:
James Nelson, CEO and Director
T: 604-899-9150
Toll free: 1-855-599-9150
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
W: www.cruzbatterymetals.com
Twitter: @CruzBattMetals

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

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July 13, 2023

SPC Nickel Announces Additional Drill Assays Results from West Graham Project, Sudbury, Ontario

2023-07-11 05:12:07

SUDBURY, ON, July 11, 2023 /CNW/ – SPC Nickel Corp. (TSXV: SPC) (“SPC Nickel”), is pleased to announce the final assay results from its Phase 1 drill program at the West Graham Project, located in the world-class Nickel-Copper mining district of Sudbury, Ontario. SPC Nickel is reporting the last 11 drill holes out of 27 drill holes completed in the Phase 1 program. With the completion of Phase 1 of the program we have now established 50 metre spaced drilling over a large area (300 metres by 300 metres) of the footprint of the historical resource that will support the planned mineral resource estimate update. The Phase 2 program is well underway, with over 3,600 metres already completed, and with the recently closed financing, SPC Nickel is on track to meet its goal of having an updated combined resource by the end of 2023.

Highlights

A total of 9,050 metres in 38 holes have so far been completed on the West Graham Project since drilling commenced in early March. The Phase 1 program consisted of 5,338 metres in 27 holes and was completed in late May while a total of 3,696 metres in 11 holes have been completed from the ongoing Phase 2 program (Figure 1).

The best intersections from the Phase 1 program include WG-23-26: 2.48% Ni, 0.64% Cu over 7.80 metres (see news release of April 11, 2023), and WG-23-42: 1.71% Ni, 0.46% Cu over 20.00 metres (see news release of May 24, 2023).

Hole WG-23-043, intersected a thick zone of nickel and copper mineralization grading 0.46% Ni, 0.36% Cu over 68.00 metres from 212.00 to 280.00 metres, including a higher-grade section that returned 0.94% Ni, 0.68% Cu over 9.00 metres from 266.00 to 275.00 metres.

Footwall-style massive sulphide veins grading 6.09% Ni and 0.07% Cu over 0.50 metres were encountered in the footwall granites of hole WG-23-043.

A 6.5 kilometre ground grid has been completed on the property in preparation of a ground electromagnetic (EM) geophysical survey, scheduled for July. The purpose of the ground EM is to help the team prioritize drill targets on the western portion of the property where only sparse wide spaced drilling has been completed.

Assay results from all 27 holes completed as part of the Phase 1 program have been received and significant results are presented in Tables 1 and 2. The remaining samples are being processed and will be reported when available.

Grant Mourre, CEO and President of SPC Nickel commented, “The ongoing results from our drill program continues to support our positive outlook for the West Graham Project. The Phase 1 program has achieved its goal of confirming and expanding the zone of nickel and copper mineralization a further 200 metres to the west of the previously defined extent of the 2009 resource model. The work has also outlined areas of higher-than-expected grade within the contact-style deposit as well as discovering new high-grade footwall-style mineralization outside the historical resource. We are also excited to have commenced the Phase 2 program which will focus on further expanding the mineralization to the west. Activities at West Graham are progressing as planned and we remain focused on working towards delivering a combined mineral resource estimate by the end of 2023.”

Assay Results

Table 1: Reported assay results from the Phase 1 drill program on the West Graham Project. Assays from all holes not listed in Table 1 are pending.

HOLE ID

From
(m)

To
(m)

Length
(m)¹

Ni
(%)

Cu
(%)

Co
(%)

Pt
(g/t)

Pd
(g/t)

Au
(g/t)

Ag
(g/t)

Estimated True
Width %

WG-23-034

59.00

90.00

31.00

0.27

0.19

0.01

0.04

0.01

0.01

1.26

50

including

96.00

97.65

1.65

0.67

0.34

0.02

0.05

0.03

0.03

2.29

50

WG-23-035

43.00

51.00

8.00

0.26

0.21

0.01

0.04

0.02

0.02

1.25

80

WG-23-036

97.00

102.00

5.00

0.39

0.23

0.01

0.05

0.02

0.01

1.54

45

WG-23-037

147.00

188.65

41.65

0.50

0.34

0.02

0.08

0.02

0.03

1.64

50

including

174.00

188.65

14.65

0.81

0.51

0.02

0.14

0.04

0.05

2.61

50

including

174.00

179.00

5.00

1.21

0.69

0.04

0.14

0.04

0.05

3.32

50

WG-23-038

130.00

140.00

10.00

0.43

0.25

0.01

0.06

0.02

0.21

1.31

75

WG-23-039

191.50

241.00

49.50

0.36

0.28

0.01

0.05

0.02

0.02

1.49

40

including

224.00

241.00

17.00

0.43

0.49

0.01

0.08

0.03

0.04

2.58

40

WG-23-040

169.00

209.00

40.00

0.46

0.32

0.01

0.07

0.02

0.03

1.90

60

WG-23-041

237.00

276.00

39.00

0.43

0.36

0.01

0.17

0.03

0.06

2.04

55

including

243.00

250.00

7.00

0.60

0.49

0.02

0.10

0.03

0.04

2.13

55

including

262.82

275.00

12.20

0.60

0.54

0.02

0.36

0.05

0.11

3.46

55

WG-23-043

212.00

280.00

68.00

0.46

0.36

0.01

0.09

0.02

0.03

1.90

60

including

246.00

280.00

34.00

0.64

0.50

0.02

0.12

0.03

0.04

2.64

60

including

266.00

275.00

9.00

0.94

0.68

0.02

0.19

0.05

0.06

3.83

60

including

277.50

280.00

2.50

0.96

1.02

0.02

0.05

0.04

0.04

4.58

60

and

304.10

304.60

0.50

6.09

0.07

0.12

0.81

0.30

0.03

2.50

60

WG-23-044

362.35

375.40

13.05

0.74

0.81

0.02

0.22

0.05

0.10

4.84

45

including

369.25

375.40

6.15

0.96

1.33

0.03

0.26

0.08

0.18

8.04

45

WG-23-045

286.00

296.00

10.00

0.33

0.24

0.01

0.12

0.02

0.03

1.33

60

and

302.05

304.00

1.95

0.54

0.75

0.02

0.21

0.05

0.11

4.93

60

and

307.55

308.55

1.00

0.81

1.12

0.02

0.31

0.09

0.37

8.50

60

Notes:
1. Length refers to downhole length. Estimated True Width is expressed as a percentage of downhole length.

Previously Reported Results

Table 2: Previously reported assay results from the Phase 1 drill program on the West Graham Project.

Hole ID

From
(m)

To
(m)

Length
(m)¹

Ni
(%)

Cu
(%)

Co
(%)

Pt
(g/t)

Pd
(g/t)

Au
(g/t)

Ag
(g/t)

Estimated True
Width %

WG-23-019

64.00

93.00

29.00

0.39

0.25

0.01

0.04

0.02

0.02

1.36

70

WG-23-020

47.00

91.00

44.00

0.53

0.27

0.02

0.05

0.02

0.02

1.41

100

including

75.00

83.00

7.00

0.75

0.39

0.03

0.06

0.02

0.02

1.86

100

including

87.00

91.00

4.00

1.03

0.62

0.04

0.07

0.05

0.03

2.85

100

WG-23-021

41.00

72.00

31.00

0.46

0.29

0.02

0.06

0.02

0.02

1.50

90

including

42.00

46.00

4.00

0.63

0.46

0.02

0.10

0.03

0.04

2.40

90

including

58.00

63.00

5.00

0.66

0.30

0.02

0.04

0.02

0.01

1.50

90

WG-23-022

61.00

81.00

20.00

0.51

0.26

0.02

0.03

0.01

0.01

1.12

100

including

76.00

80.00

4.00

0.85

0.46

0.03

0.05

0.02

0.02

1.80

100

WG-23-023

45.00

83.00

38.00

0.47

0.28

0.02

0.04

0.02

0.02

1.45

90

including

71.00

82.00

11.00

0.71

0.41

0.02

0.07

0.02

0.04

2.09

90

WG-23-024

29.00

48.00

19.00

0.46

0.25

0.02

0.04

0.01

0.02

1.21

100

and

56.00

61.00

5.00

0.93

0.50

0.03

0.06

0.02

0.02

4.18

100

WG-23-025

20.00

67.00

47.00

0.56

0.30

0.02

0.05

0.02

0.02

1.85

90

including

42.00

65.00

23.00

0.72

0.42

0.02

0.08

0.03

0.03

2.73

90

WG-23-026

106.00

186.90

80.90

0.49

0.25

0.02

0.05

0.02

0.02

1.29

35

including

167.00

186.90

19.90

1.19

0.37

0.04

0.09

0.02

0.02

1.29

35

including

170.00

177.90

7.90

2.48

0.64

0.08

0.15

0.04

0.02

1.82

35

WG-23-027

68.00

120.50

52.50

0.43

0.27

0.01

0.05

0.02

0.02

1.49

85

including

96.65

120.50

23.85

0.57

0.33

0.02

0.06

0.02

0.03

1.79

85

including

111.00

120.50

9.50

0.83

0.37

0.02

0.09

0.03

0.03

2.16

85

WG-23-028

79.00

275.85

196.85

0.32

0.19

0.01

0.04

0.01

0.02

1.07

30

including

89.00

110.00

21.00

0.72

0.18

0.03

0.03

0.01

0.01

0.75

30

including

93.60

95.00

1.40

3.73

0.27

0.17

0.06

0.07

0.01

1.26

30

WG-23-029

84.00

107.00

23.00

0.37

0.25

0.01

0.03

0.02

0.02

1.39

50

WG-23-030

20.00

52.00

32.00

0.60

0.36

0.02

0.07

0.02

0.03

2.02

45

including

39.00

46.00

7.00

0.98

0.54

0.03

0.15

0.38

0.04

3.00

45

WG-23-031

3.00

9.65

6.65

0.37

0.22

0.01

0.04

0.01

0.01

1.08

95

WG-23-032

34.50

42.50

8.00

0.49

0.38

0.02

0.05

0.02

0.03

2.00

85

WG-23-033

38.00

52.00

14.00

0.35

0.24

0.01

0.04

0.02

0.02

1.29

80

WG-23-042

256.00

306.00

50.00

1.06

0.34

0.03

0.15

0.04

0.04

1.71

75

including

286.00

306.00

20.00

1.71

0.46

0.05

0.17

0.06

0.06

2.61

75

including

286.90

291.70

4.80

3.15

0.21

0.09

0.15

0.11

0.02

0.95

75

and

331.00

331.40

0.40

6.23

0.30

0.14

0.10

0.12

0.03

2.60

75

and

336.90

337.20

0.30

7.07

0.09

0.15

0.04

0.07

0.01

2.50

75

Notes:
1. Length refers to downhole length. Estimated True Width is expressed as a percentage of downhole length.

West Graham Project

On January 23, 2023, SPC Nickel announced the signing of an Agreement with Vale Canada (“Vale”) granting SPC Nickel the right to earn an 100% interest in Vale’s Crean Hill 3 Property that is located adjacent to SPC Nickel’s West Graham Property (see Figure 2 for property location and SPC Nickel’s January 23, 2023 press release for full details of the Agreement).

As an advanced project, the combination of the West Graham and Crean Hill 3 assets is a transformational opportunity for SPC Nickel. The historical mineral resources on these properties form one contiguous near-surface deposit and consists of the following:

Crean Hill 3 hosts a historic mineral estimate of 16.78Mt @ 0.43% Ni and 0.30% Cu¹.

West Graham hosts a historic indicated mineral resource of 8.55Mt @ 0.45% Ni, 0.31% Cu along with an inferred mineral resource of 2.0Mt @ 0.38% Ni, 0.30% Cu².

SPC Nickel considers the West Graham and Crean Hill 3 resource estimates to be historic mineral estimates for purposes of NI 43-101. Neither the Company nor a qualified person on behalf of SPC Nickel have done sufficient work to classify the historical estimates as current mineral resources and SPC Nickel is not treating such historical estimates as current mineral resources. SPC Nickel considers the historic mineral estimates to be relevant to an understanding of the Project but has not done any work to validate the estimates.

Reference

Van Wiechen, A.G (1990): December 31, 1989 Mineral Resource Inventory table in: The Exploration Potential for Sulphide Mineralization in the Crean Hill – Ellen – Crean Hill No.3 Environment, Internal Inco Report, December 13, 1990.

Routledge, Richard and Churchill, Bruce (2009): Technical Report on the West Graham Property Conwest Zone Resource Estimate, Graham Township, Ontario, Canada prepared for First Nickel Inc., January 15, 2009. Scott Wilson Roscoe Postle Associates .

Quality Assurance, Quality Control and Qualified Persons

The technical elements of this news release have been approved by Mr. Grant Mourre, P.Geo. (PGO), CEO and President of SPC Nickel Corp. and a Qualified Person under National Instrument 43-101.

SPC Nickel follows rigorous sampling and analytical protocols that meet or exceed industry standards. Core samples are stored in a secured area until transport in batches to the ALS facility in Sudbury, Ontario, Canada. Sample batches include certified reference materials, blank, and duplicate samples that are then processed under the control of ALS. All samples were analyzed in Vancouver by ALS Chemex. Platinum, palladium, and gold values were determined together using standard lead oxide collection fire assay and ICP-AES finish. Base metal values were determined using sodium peroxide fusion and ICP-AES finish. Silver values were determined using an aqua regia digestion and an AAS finish. A Certified Reference Material (CRM) standard, blank or duplicate is inserted on every 10th sample in the following order: CRM, blank, CRM, duplicate. The cycle repeats every 40 samples, thus ensuring that 10% of samples submitted are control samples.

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

About SPC Nickel Corp.

SPC Nickel Corp. is a Canadian public corporation focused on exploring for Ni-Cu-PGMs within the world class Sudbury Mining Camp. SPC Nickel is currently exploring its key 100% owned exploration project Lockerby East located in the heart of the historic Sudbury Mining Camp that includes the West Graham Resource and the Crean Hill 3 property under option from Vale. SPC Nickel also holds three additional projects across Canada including the large camp-scale Muskox Project (located in Nunavut), the past producing Aer-Kidd Project (located in the Sudbury Mining Camp) and the Janes Project (located 50 km northwest of Sudbury). The corporate focus is on Sudbury, and SPC Nickel continues to look for new opportunities to add shareholder value. Additional information regarding SPC Nickel and its projects can be found at www.spcnickel.com.

Cautionary Note on Forward-Looking Information

Except for statements of historical fact contained herein, the information in this news release constitutes “forward-looking information” within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as “plans”, “proposes”, “estimates”, “intends”, “expects”, “believes”, “may”, “will” and include without limitation, statements regarding estimated capital and operating costs, expected production timeline, benefits of updated development plans, foreign exchange assumptions and regulatory approvals. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of SPC Nickel. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, SPC Nickel expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

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July 11, 2023

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Hole	Width m	Au g/t	From m	intercept
NC001	13	0.48	1	13 m @ 0.48 g/t Au from 1 m – NC001
NC002	1	4.64	2	1 m @ 4.64 g/t Au from 2 m – NC002
NC002	4	1	17	4 m @ 1 g/t Au from 17 m – NC002
NC002	5	0.49	26	5 m @ 0.49 g/t Au from 26 m – NC002
NC002	4	0.36	61	4 m @ 0.36 g/t Au from 61 m – NC002
NC003	7	0.75	0	7 m @ 0.75 g/t Au from 0 m – NC003
INCLUDING	3	1.37	4	3 m @ 1.37 g/t Au from 4 m – NC003
NC003	4	0.64	32	4 m @ 0.64 g/t Au from 32 m – NC003
NC004	13	1.18	0	13 m @ 1.18 g/t Au from 0 m – NC004
NC005	4	0.9	3	4 m @ 0.9 g/t Au from 3 m – NC005
NC005	2	1.04	24	2 m @ 1.04 g/t Au from 24 m – NC005
NC005	1	0.51	79	1 m @ 0.51 g/t Au from 79 m – NC005
NC005	1	0.8	90	1 m @ 0.8 g/t Au from 90 m – NC005
NC006	7	1.12	38	7 m @ 1.12 g/t Au from 38 m – NC006
NC006	1	0.61	52	1 m @ 0.61 g/t Au from 52 m – NC006
3m internal dilution and 0.3 g/t Au cut-off

HOLE_ID	EASTING (m)	NORTHING (m)	RL (m)	AZI	DIP	DEPTH (m)
NC001	590752	7619490	277.0	331	-46	52
NC002	590757	7619480	274.4	333	-49	78
NC003	590764	7619461	269.0	334	-49	90
NC004	590792	7619495	269.4	337	-45	52
NC005	590801	7619477	268.5	332	-50	120
NC006	590809	7619460	266.5	338	-53	120
NC007	590809	7619459	266.5	281	-44	66
NC008	590703	7619451	275.4	337	-54	48
NC009	590719	7619513	282.6	160	-78	48
NC010	590689	7619484	281.3	327	-43	54
NC011	590693	7619474	282.5	329	-58	102
NC012	590770	7619450	267.2	337	-56	102
NC013	590817	7619438	263.5	337	-55	102
NC014	590836	7619493	270.3	332	-43	54
NC015	590844	7619475	267.0	331	-60	114
NC016	590848	7619464	266.0	333	-70	102
NC017	590878	7619490	264.8	339	-54	102
NC018	590892	7619475	262.9	341	-57	102
NC019	590651	7619471	270.9	333	-45	54
NC020	590627	7619425	266.8	332	-43	102
NC021	590613	7619465	270.6	91	-50	54
NC022	590665	7619436	269.0	335	-51	120
NC023	590769	7619448	267.2	331	-74	102
NC024	590712	7619430	268.0	337	-45	88

HoleID	Total Depth (m)	Azimuth	Dip	Easting	Northing	Elevation (m)
SAD-15-05	245.00	35	-75	751462	2526424	2548
SAD-15-06	250.80	22	-85	751461	2526422	2548
SAD-15-07	274.70	35	-80	751400	2526468	2565
SAD-15-08	358.65	215	-85	751399	2526469	2565
SAD-17-14	423.00	35	-80	751781	2526133	2608
SAD-17-15	308.00	35	-71	751884	2526089	2589
SAD-17-16	428.84	35	-65	751222	2526349	2621

Hole ID	From (m)	To (m)	Interval (m)	AgEq¹ (g/t)	Ag (g/t)	Cu (%)	Pb (%)	Zn (%)	Mn (%)
HER-23-01	50.08	81.99	31.91	34.5	11.4		0.11	0.62	1.23
including	50.08	56.69	6.61	49.2	17.7		0.15	0.86	1.34
including	65.23	69.8	4.57	57.8	13.4		0.23	1.18	1.66
including	78.33	81.99	3.66	79.9	26.7		0.25	1.45	1.84
AND	112.47	123.44	10.97	25.6	24.6		0.01	0.07	1.41
HER-23-02	20.32	60.44	40.12	36.7	29.8		0.04	0.20	1.17
including	20.32	32	11.68	67.0	57.6		0.10	0.28	2.09
including	58.92	60.44	1.52	130.0	117.0		0.02	0.17	0.94
HER-23-03	17.37	56.39	39.02	42.1	37.1		0.02	0.18	0.87
including	36.58	44.2	7.62	69.9	65.1		0.04	0.17	0.82
HER-23-04	10.15	12.19	2.04	73.2	75.0			0.10	0.25
AND	39.01	67.54	28.53	102.6	93.6		0.10	0.35	0.75
including	59.68	62.36	2.68	416.2	426.6		0.03	0.13	0.57
HER-23-05	4.54	88.76	84.22	54.1	36.2		0.11	0.35	3.86
including	27.13	28.65	1.52	114.9	79.7	0.21	0.28	0.42	2.5
including	36.73	64.01	27.28	113.4	77.1	0.13	0.16	0.76	4.9
AND	170.69	178.31	7.62	51.1	43.2	0.07	0.10	0.07	4.15

Hole #	From	To	Depth	Interval*	Gold	From	To	Depth	Interval*	Gold	Mineral Type
Hole #	ft	ft	ft	ft	oz/ton	m	m	m	m	g/t	Mineral Type
RH23C-015	41	102.5	34.4	61.5	0.055	12.5	31.2	10.5	18.7	1.89	TꞒd
	155.1	351.2	123.0	196.1	0.036	47.3	107.0	37.5	59.8	1.23	Bx
	377.3	400.1	296.5	22.8	0.041	115.0	122.0	90.4	6.9	1.41	TpꞒ
RH23C-016	0.0	77.7	0.0	77.7	0.026	0.0	23.7	0.0	23.7	0.89	TꞒd
	87.3	101.0	87.3	13.7	0.056	26.6	30.8	26.6	4.2	1.92	TpꞒ
	111.3	166.0	111.3	54.7	0.034	33.9	50.6	33.9	16.7	1.17	TpꞒ
	180.4	258.0	180.4	77.6	0.102	55.0	78.6	55.0	23.7	3.50	TpꞒ
	403.6	420.4	403.6	16.8	0.064	123.0	128.1	123.0	5.1	2.19	TpꞒ
	436.6	452.9	436.6	16.3	0.034	133.1	138.0	133.1	5.0	1.17	TpꞒ
	560.9	618.0	560.9	57.1	0.028	171.0	188.4	171.0	17.4	0.96	TpꞒ
	703.3	715.0	703.3	11.7	0.030	214.4	217.9	214.4	3.6	1.03	TpꞒ
	743.4	765.3	743.4	21.9	0.040	226.6	233.3	226.6	6.7	1.37	TpꞒ
	812.1	875.0	812.1	62.9	0.053	247.5	266.7	247.5	19.2	1.82	TpꞒ
	885.6	948.0	885.6	62.4	0.038	269.9	289.0	269.9	19.0	1.30	TpꞒ
	996.9	1007.0	996.9	10.1	0.027	303.9	306.9	303.9	3.1	0.93	TpꞒ
RH23C-047	0.0	45.5	0.0	45.5	0.016	0.0	13.9	0.0	13.9	0.55	Tert
	113	172.3	108.6	59.3	0.053	34.4	52.5	33.1	18.1	1.82	TpꞒ
	192.7	230.3	188.6	37.6	0.066	58.7	70.2	57.5	11.5	2.26	TpꞒ
	276.2	286.6	256.8	10.4	0.017	84.2	87.4	78.3	3.2	0.58	Bx
	515.8	545.9	454.7	30.1	0.022	157.2	166.4	138.6	9.2	0.75	TpꞒ
	1219.4	1254.4	1037.5	35.0	0.053	371.7	382.3	316.2	10.7	1.82	Bx
RH23C-048	89.7	99.8	80.5	10.1	0.017	27.3	30.4	24.5	3.1	0.58	Bx
	140.5	187.4	115.5	46.9	0.018	42.8	57.1	35.2	14.3	0.62	Bx
	213.3	238.6	180.6	25.3	0.022	65.0	72.7	55.0	7.7	0.75	Bx
	249.0	275.0	210.8	26.0	0.021	75.9	83.8	64.3	7.9	0.72	Bx
	335.5	379.7	284.3	44.2	0.021	102.3	115.7	86.7	13.5	0.72	Bx
	538.5	548.4	454.5	9.9	0.058	164.1	167.2	138.5	3.0	1.99	TpꞒ
RH23C-049	124.7	139.8	104.5	15.1	0.032	38.0	42.6	31.9	4.6	1.10	TpꞒ
	320.3	374.8	281.2	54.3	0.030	97.6	114.2	85.7	16.6	1.03	TpꞒ
	399.9	420.1	347.8	20.2	0.021	121.9	128.0	106.0	6.2	0.72	TpꞒ
	445.0	455.2	394.4	10.2	0.042	135.6	138.7	120.2	3.1	1.44	TpꞒ
RH23C-050	121.3	151.8	62.7	30.5	0.035	37.0	46.3	19.1	9.3	1.20	Tert
	160.3	171.2	80.1	10.9	0.026	48.9	52.2	24.4	3.3	0.89	TꞒd
	271.4	282.9	132.2	11.5	0.033	82.7	86.2	40.3	3.5	1.13	TpꞒ
	344.0	365.2	175.3	21.2	0.096	104.9	111.3	53.4	6.5	3.29	TpꞒ
	930.3	942.9	521.8	12.6	0.023	283.6	287.4	159.0	3.8	0.79	TꞒd
RH23C-051	551.6	562.5	489.6	10.9	0.032	168.1	171.5	149.2	3.3	1.10	TꞒd
	846.0	857.8	697.0	11.8	0.017	257.9	261.5	212.4	3.6	0.58	Tert
	876.0	889.9	715.7	13.9	0.039	267.0	271.2	218.1	4.2	1.34	TpꞒ
RH23C-052	109.8	135.0	91.5	25.2	0.031	33.5	41.1	27.9	7.7	1.06	TꞒd
	183.1	287.0	155.6	103.9	0.031	55.8	87.5	47.4	31.7	1.06	TꞒd
	445.7	475.8	394.4	30.1	0.038	135.8	145.0	120.2	9.2	1.30	TpꞒ
RH23C-053	143.5	199.8	105.0	56.3	0.037	43.7	60.9	32.0	17.2	1.27	TꞒd
	239.9	261.9	171.3	22.0	0.015	73.1	79.8	52.2	6.7	0.51	TꞒd
	277.0	314.0	197.4	37.0	0.022	84.4	95.7	60.2	11.3	0.75	TꞒd
	324.7	352.4	232.5	27.7	0.106	99.0	107.4	70.9	8.4	3.63	TꞒd

Hole ID (Az, Dip) (degrees)	From (m)	To (m)	Intercept (m)	Au (g/t)	Au Cut-Off	Hole Length (m)

LBP938 (0, -45)	38.1	76.2	38.1	0.86	0.15	196.6
including	50.3	59.4	9.1	2.12	1.00	196.6

LBP942 (15, -45)	73.2	85.3	12.2	0.76	0.15	152.4
including	74.7	76.2	1.5	1.17	1.00
and	91.4	118.9	27.4	0.52	0.15
including	94.5	96.0	1.5	1.32	1.00

LBP943 (90, -45)	79.2	102.1	22.9	1.41	0.15	114.3
including	82.3	88.4	6.1	4.28	1.00
and including	83.8	85.3	1.5	8.45	5.00

LBP945 (270, -45)	0.0	51.8	51.8	0.36	0.15	152.4
including	13.7	16.8	3.0	1.37	1.00
and	74.7	106.7	32.0	3.40	0.15
including	74.7	102.1	27.4	3.88	1.00
and including	79.2	88.4	9.1	6.74	5.00

*LBP947 (20, -70)**	51.8	62.5	10.7	0.56	0.15	181.4
including	54.9	56.4	1.5	1.06	1.00
and	77.7	109.7	32.0	0.55	0.15
including	96.0	97.5	1.5	2.07	1.00

*LBP955 (120, -50)**	50.3	59.4	9.1	0.68	0.15	182.88
and	54.9	57.9	3.0	1.15
and	149.4	182.9	33.5	1.36
including	176.8	182.9	6.1	3.32	1.00

*LBP957 (75, -45)**	19.8	70.1	50.3	0.37	0.15	205.74
and	73.2	149.4	76.2	0.41	0.15
including	140.2	144.8	4.6	1.97	1.00

Hole ID (Az, Dip) (degrees)	From (m)	To (m)	Intercept (m)	Au (g/t)	Au Cut-Off	Hole Length (m)

LBP929 (210, -60)	7.6	16.8	9.1	0.31	0.15	294.1
and	44.2	93.0	48.8	0.72	0.15
including	80.8	88.4	7.6	2.55	1.00

LBP944 (160, -58)	29.0	59.4	30.5	0.62	0.15	249.9
including	39.6	41.1	1.5	1.48	1.00
and	89.9	96.0	6.1	0.92	0.15
including	91.4	94.5	3.0	1.66	1.00

Sample Id	Northing	Easting	type	Au	Ag	Cu	Pb	Zn
				g/t	g/t	ppm	ppm	ppm
AE23R-001	5,996,183	650,109	outcrop	0.1	1736	5398	227,000	11,500
AE23R-002	5,996,176	650,117	outcrop	55.2	5049	91	32,500	1,205
AE23R-003	5,996,173	650,111	subcrop	2.8	418	2442	46,300	56,400
AE23R-004	5,996,112	650,007	outcrop	0.1	14	16	420	1,105
AE23R-005	5,996,112	650,007	outcrop	0.1	6	17	290	651
AE23R-006	5,996,104	649,984	outcrop	6.0	69	133	8,798	19,200
AE23R-007	5,996,113	649,977	outcrop	0.1	11	50	2,866	5,892
AE23R-008	5,996,062	649,988	outcrop	0.0	0	30	31	413

Bullseye Drilling 2023 – Selected Assays (Exceeding 1.00 g/t Au Value) from Sawn NQ Drill Core

Hole ID	From (m)	To (m)	Sample Length (m)	Vertical Depth (m) Below Surface	Analysis Method	Au Assay (ppb)*	Au Assay (g/t)	Au – Weighted Average Grade (g/t )**

BE-23-018	439.00	439.55	0.55	~330m	FA-AA	1,307.00	1.31	1.31 g/t Au over 0.55m

BE-23-020	37.55	38.10	0.55	~30m	Screen-Met	4,837.41	4.84	4.84 g/t Au over 0.55m
AND	286.00	287.00	1.00	~225	FA-AA	1,724.00	1.72	1.47 g/t Au over 2.00m
AND	287.00	288.00	1.00	~225	FA-AA	1,214.00	1.21	1.47 g/t Au over 2.00m
AND	377.75	378.60	0.85	~295m	FA-AA	1,088.00	1.09	1.09 g/t Au over 0.85m

BE-23-021	234.35	235.05	0.70	~165m	FA-AA	5,098.00	5.10	5.10 g/t Au over 0.70m

BE-23-022	243.35	243.70	0.35	~180m	FA-AA	6,402.00	6.40	6.40 g/t Au over 0.35m

BE-23-023	144.35	145.00	0.65	~105	Screen-Met	5,247.08	5.25	1.88 g/t Au over 4.55m
	145.00	145.35	0.35			1,804.71	1.80
	145.35	146.00	0.65			862.26	0.86
	146.00	146.65	0.65			2,769.04	2.77
	146.65	147.45	0.80			479.63	0.48
	147.45	148.00	0.55			1,098.88	1.10
	148.00	148.90	0.90			1,265.41	1.27

BE-23-024	175.50	176.00	0.50	~110m	FA-AA	1,027.00	1.03	1.03 g/t Au over 0.50m
AND	218.90	219.65	0.75	~137m	FA-AA	1,171.00	1.17	1.17 g/t Au over 0.75m

BE-23-025	75.05	75.55	0.50	~55m	FA-AA	1,105.00	1.11	0.90 g/t Au over 1.35m
	75.55	76.00	0.45			321.00	0.32
	76.00	76.40	0.40			1,284.00	1.28

BE-23-026	283.25	283.65	0.40	~200m	FA-AA	943.00	0.94	0.94 g/t Au over 0.40m***

BE-23-027	301.20	301.80	0.60	~200m	Screen-Met	960.50	0.96	1.61 g/t Au over 2.05m
	301.80	302.75	0.95			2,381.89	2.38
	302.75	303.25	0.50			936.92	0.94

BE-23-028	77.45	78.00	0.55	~55m	FA-AA	1,406.00	1.41	1.41 g/t Au over 0.55m
AND	102.10	102.45	0.35	~75m	Screen-Met	1,452.74	1.45	4.08 g/t Au over 1.60m
	102.45	103.00	0.55			549.60	0.55
	103.00	103.70	0.70			8,158.83	8.16
AND	253.70	254.45	0.75	~185m	Screen-Met	4,849.34	4.85	4.85 g/t Au over 0.75m
AND	255.30	256.30	1.00	~186m	Screen-Met	14,589.07	14.59	14.59 g/t Au over 1.00m
AND	302.05	302.40	0.35	~225m	Screen-Met	1,537.97	1.54	1.17 g/t Au over 1.95m
	302.40	302.90	0.50			1,893.87	1.89
	302.90	303.60	0.70			512.56	0.51
	303.60	304.00	0.40			1,090.85	1.09
AND	307.40	308.35	0.95	~228m	Screen-Met	2,502.79	2.50	2.59 g/t Au over 3.45m
	308.35	309.05	0.70			1,585.07	1.59
	309.05	310.00	0.95			4,164.00	4.16
	310.00	310.85	0.85			1,754.98	1.75
AND	340.60	341.45	0.85	~250m	FA	1,523.00	1.52	1.52 g/t Au over 0.85m

BE-23-029	302.45	303.00	0.55	~215m	FA	834.00	0.83	0.83 g/t Au over 0.55m***

*Assays reported direct from lab certificate. Screen-Met samples are ‘Weighted Averaged ppb’ as calculated from lab
**All intersections are core intervals and do not represent true thickness
***Highest assay value from drill hole

Bullseye – Collar Information for Reported Drill Holes

Hole ID	Easting	Northing	Elevation (m)	Azimuth	Dip	Length (m)
BE-23-018	659597	5431025	38	45	-45	445
BE-23-020	659622	5430992	37	195	-50	418
BE-23-021	659621	5430756	43	328	-48	400
BE-23-022	659601	5430736	43	335	-50	293
BE-23-023	660056	5431254	36	300	-45	463
BE-23-024	660039	5431335	21	300	-45	388
BE-23-025	660040	5431186	21	300	-45	367
BE-23-026	659738	5430874	40	335	-45	394
BE-23-027	659672	5430723	44	275	-45	400
BE-23-028	659663	5430710	44	190	-45	403
BE-23-029	659779	5430743	43	300	-45	451

Coordinates Reported in NAD-83

Drill Hole	Target Area	Easting	Northing	Elevation (m A.S.L.)	Azimuth (˚)	Dip (˚)	EOH (m)
GKI001	Hourglass Lake	548157	6369438	463.5	130	-60	249.4
GKI002	Aero Lake	545821	6366173	446.0	128	-50	240.5
GKI003	Hourglass Lake	544743	6368493	461.0	130	-50	152.0
GKI004	Preston Creek	551165	6372430	450.5	110	-50	390.0
GKI005	Preston Creek	551424	6373287	436.7	122	-45	331.0
GKI006	Preston Creek	552146	6375884	462.0	120	-45	310.0
GKI007	Preston Creek	551977	6374956	474.0	120	-45	176.0
GKI008	Preston Creek	551245	6372646	433.6	100	-45	368.0
Notes: Easting and Northing coordinates are reported in UTM Zone 13N (NAD83 datum). EOH = end of hole. m A.S.L. = metres above sea level.

Zone	Hole ID	Easting	Northing	Azimuth	Dip	Hole Length (m)
FROGPOND	HER-23-01	511432	4956616	210	-76.7	148.71
	HER-23-02	511342	4956557	30	-44.9	83.48
	HER-23-03	511341	4956558	42	-57.3	139.32
	HER-23-04	511289	4956584	30	-70.4	71.93
	HER-23-05	511231	4956639	70	-70.1	435.32
	HER-23-06	511265	4956663	30	-60	60
	HER-23-07	511256	4956646	31	-60.3	108.51

Target	Drillhole	From (m)	To (m)	Length (m)	Au (g/t)	Interval Summary
Red Cloud	CM23-022A	6.10	71.63	67.07	1.03	69.08 m @ 1.03 g/t Au from 6.10 m
Red Cloud	CM23-022A	10.67	57.91	48.77	1.31	48.77 m @ 1.31 g/t Au from 10.67 m
Red Cloud	CM23-044	9.14	18.29	9.15	1.03	9.15 m @ 1.03 g/t Au from 9.14 m
Red Cloud	CM23-044	16.76	18.29	1.52	5.73	1.52 m @ 5.73 g/t Au from 16.76 m
Red Cloud	CM23-046	0.00	64.01	64.01	0.56	64.01 m @ 0.56 g/t Au from 0.00 m
Red Cloud	incl.	0.00	28.96	30.48	1.00	30.48 m @ 1.00 g/t Au from 0.00 m
Regional Recon	CM23-047	67.06	70.10	3.04	0.13	3.04 m @ 0.13 g/t Au from 67.06 m
Regional Recon	CM23-048	0.00	21.34	21.34	0.10	21.34 m @ 0.10 g/t Au from 0.00 m
Regional Recon	incl.	13.72	16.76	3.04	0.51	3.04 m @ 0.51 g/t Au from 13.72 m
Gap Zone	CM23-057	32.00	91.44	60.96	0.46	60.96 m @ 0.46 g/t Au from 32.00 m
Gap Zone	incl.	33.53	56.39	28.86	0.74	28.86 m @ 0.74 g/t Au from 33.53 m

Hole	From (m)	To (m)	Interval (m)	Au g/t	Cu (%)	Co (%)	Nickel (%)	Cu Eq (%)
MTDD043	32.00	34.80	2.80	not assayed	0.12	0.01	0.20	0.65
MTDD044	9.00	12.00	3.00	not assayed	0.10	0.00	0.01	0.16
MTDD044	13.15	16.00	2.85	not assayed	0.12	0.01	0.02	0.24
MTDD044	18.95	31.00	12.05	not assayed	0.14	0.00	0.02	0.23
MTDD044	51.00	55.00	4.00	0.01	0.19	0.02	0.01	0.35
MTDD044	60.00	64.85	4.85	not assayed	0.46	0.02	0.02	0.69
MTDD044	98.00	110.00	12.00	not assayed	0.18	0.01	0.02	0.29
MTDD044	113.50	125.0	11.5	0.10	1.41	0.11	0.03	1.92
MTDD045	52.00	57.00	5.00	not assayed	0.18	0.01	0.09	0.43
MTDD045	146.30	149.00	2.70	not assayed	0.14	0.01	0.01	0.22
MTDD045	149.00	156.30	7.30	not assayed	0.58	0.02	0.02	0.72
MTDD045	157.00	168.00	11.00	0.07	0.23	0.01	0.01	0.31
MTDD045	171.30	174.00	2.70	not assayed	0.18	0.05	0.01	0.39
MTDD047	14.40	17.40	3.00	not assayed	0.39	0.01	0.01	0.46
MTDD047	36.40	42.90	6.50	not assayed	0.19	0.01	0.02	0.28
MTDD047	79.30	105.4	26.10	not assayed	0.32	0.07	0.05	0.72
MTDD048	32.40	45.90	13.50	not assayed	0.23	0.01	0.03	0.34
MTDD048	71.50	93.75	22.25	not assayed	0.39	0.01	0.01	0.45

Hole	East	North	RL	Azimuth	Dip	EOH
CRZDD001	424175	8647400	1376	-55	100	238.1
CRZDD002	424257	8647385	1376	-55	100	160.5
CRZDD003	424077	8647417	1367	-55	110	205
CRZDD004	423892	8652334	1392	-60	330	168.6
CRZDD005	423996	8647432	1359	-60	100	281.5
CRZDD006	423955	8652167	1398	-60	330	211
CRZDD007	418120	8648817	1352	-60	315	276.55
CRZDD008	424933.8	8652368	1392.31	-60	330	201.3
CRZDD009	418023.9	8648913	1362.75	-60	315	190.3
CRZDD010	419544.6	8647731	1383.54	-60	315	209.5
MTDD042	431035	8636307	1372	-60	315	242
MTDD043	431105	8636378	1372	-60	315	215.7
MTDD044	428016	8638405	1373	-60	315	217
MTDD045	427611	8638095	1357	-60	315	224.5
MTDD046	428322	8638090	1370	-60	315	245.1
MTDD047	427982	8638452	1374.6	-60	315	143.4
MTDD048	428044.2	8638435	1373.13	-60	315	141.4

BHID	East	North	Elev.	Az.	Dip	Depth	From (m)		To (m)	Int. (m)	Au g/t	Target
KRC001	229089	775351	344	90	-50	96		8	16	8	1.36	Jagger
								20	26	6	0.69	Jagger
								36	38	2	0.88	Jagger
								42	46	4	0.55	Jagger
KRC002	229012	775350	347	90	-50	206		8	16	8	2.94	Jagger
								9	11	2	8.81	Jagger
								29	36	7	0.99	Jagger
								45	65	20	1.87	Jagger
							incl.	61	64	3	6.28	Jagger
							incl.	62	63	1	13.58	Jagger
								162	170	8	1.46	Jagger
								190	193	3	1.23	Jagger
KRC003	228956	775350	349	90	-50	218		46	48	2	0.76	Jagger
								58	61	3	2.60	Jagger
							incl.	59	60	1	6.03	Jagger
								73	82	9	0.80	Jagger
							incl.	77	80	3	1.34	Jagger
								133	142	9	0.44	Jagger
KRC004	229085	775298	354	90	-50	146		3	6	3	6.51	Jagger
							incl.	4	5	1	14.75	Jagger
								40	42	2	0.93	Jagger
								50	56	6	0.70	Jagger
								102	105	3	0.79	Jagger
								129	139	10	1.45	Jagger
							incl.	129	132	3	3.49	Jagger
KRC005	229010	775300	360	90	-50	181		40	41	1	6.51	Jagger
								49	54	5	2.17	Jagger
							incl.	49	50	1	9.49	Jagger
								61	64	3	0.36	Jagger
								88	90	2	0.72	Jagger
								98	107	9	0.58	Jagger
KRC006	229064	775255	355	90	-50	92		13	17	4	1.59	Jagger
								25	32	7	1.50	Jagger
								64	69	5	1.21	Jagger
								79	89	10	0.62	Jagger
							incl.	82	85	3	1.33	Jagger
KRC007	229010	775250	367	90	-50	176		30	35	5	2.57	Jagger
								76	78	2	4.73	Jagger
								85	130	45	1.01*	Jagger
							incl.	85	90	5	1.37	Jagger
							incl.	99	105	6	1.54	Jagger
							incl.	108	113	5	1.30	Jagger
							incl.	117	123	6	0.57	Jagger
							incl.	127	130	3	5.58	Jagger
							incl.	129	130	1	13.95	Jagger
KRC008	229068	775199	346	90	-50	125		15	28	13	0.72	Jagger
								42	46	4	0.30	Jagger
								50	59	9	0.85	Jagger
KRC009	229009	775203	364	90	-50	176		69	117	48	1.03*	Jagger
							incl.	69	82	13	1.70	Jagger
							incl.	87	102	15	1.37	Jagger
							incl.	115	117	2	1.84	Jagger
								133	135	2	2.61	Jagger
KRC010	229008	775402	331	90	-50	169		2	12	10	2.12	Jagger
							incl.	9	11	2	8.45	Jagger
								77	81	4	0.89	Jagger
							incl.	77	79	2	1.37	Jagger
KRC011	229084	775401	330	90	-50	97		5	24	19	2.03	Jagger
							incl.	5	11	6	2.27	Jagger
							incl.	18	24	6	4.00	Jagger
							incl.	18	19	1	18.17	Jagger
								39	44	5	0.45	Jagger
								74	76	2	0.54	Jagger

Trench ID	East	North	Elev.	Az.	Dip	Depth	From (m)		To (m)	Interval	Au g/t	Target
KTR030	229067	775218	344	90	0	44		11	27	16	3.32	Jagger
							incl.	11	17	6	1.02	Jagger
							incl.	22	27	5	9.23	Jagger

HoleID	TD	East	North	Dip	Azim	Remark	From	To	Width (m)	Cu (%)	Au (ppm)	Ag (ppm)	Mo (ppm)	Cu% x Int(m)	Comment
CPG-001	154.53	505,846	6,715,455	-60	6		13.69	19	5.31	0.78	0.09	5.35	26	4.12	Previously Released
						Incl.	13.69	17	3.31	1.10	0.15	8.03	28	3.63
							32	103	71	0.72	0.04	2.08	143	51.35
						Incl.	42	62	20	1.43	0.07	3.96	254	28.68
CPG-002	182.88	505,839	6,715,412	-60	1		19	132	113	0.79	0.13	4.75	464	89.57	Previously Released
						Incl.	28	41	13	1.44	0.31	10.53	1,564	18.66
						And	71	104	33	1.48	0.25	8.31	404	48.89
CPG-003	134.11	505,837	6,715,492	-60	2		9	14	5	1.23	0.12	10.44	1,121	6.16	Previously Released
							22.8	36	13.2	2.26	0.34	17.96	833	29.88
CPG-004	154.53	506,032	6,715,258	-60	4		87	115	28	0.91	0.10	9.13	383	25.53	Previously Released
						Incl.	87	97	10	1.65	0.26	21.94	791	16.48
CPG-005	176.78	506,051	6,715,309	-60	355		100	118	18	0.33	0.01	1.23	224	6.01
CPG-006	181.36	506,197	6,715,374	-60	356		67	159	92	0.71	0.07	5.13	313	64.89	Previously Released
						Incl.	67	71	4	0.80	0.07	6.35	755	3.20
						And	79	137	58	0.95	0.08	7.07	367	55.05
						Or	79	95	16	2.36	0.26	20.58	455	37.71
						And	129	135	6	1.57	0.01	4.07	183	9.43
						And	149	159	10	0.54	0.07	2.78	273	5.43
CPG-007	190.5	506,267	6,715,349	-60.5	354		84	87	3	1.13	0.20	6.93	680	3.38	Limited Sampling Previously Released
							93	105	12	1.72	0.24	12.17	987	10.33
						Incl.	95	103	8	2.29	0.36	15.63	1,476	18.28
							121	129	6	0.71	0.16	4.85	156	5.64
							149	157	8	0.69	0.10	3.85	224	5.49
CPG-008	181.36	506,262	6,715,387	-60	349		65	77	12	0.53	0.09	4.60	825	6.38
							101	109	8	0.74	0.23	5.03	355	5.91
CPG-009	240.79	506,120	6,715,340	-60	357		100	130	30	0.65	0.04	2.78	695	19.36
CPG-010	207.26	506,115	6,715,370	-60	360		86	112	26	1.14	0.02	3.09	256	29.55	Previously Released
							134	146	12	0.56	0.10	3.07	384	6.71
CPG-011	190.2	506,099	6,715,400	-60	356		33	39	0	0.59	0.00	1.03	59	3.57
							73	131	58	0.51	0.02	2.26	146	29.52
CPG-012	161.59	505,955	6,715,451	-60	357		33	81	48	0.97	0.10	5.81	534	46.40
						Incl.	65	73	8	1.60	0.30	9.55	409	12.83
CPG-013	195.78	506,040	6,715,368	-60	9		123	131	8	0.55	0.01	1.70	223	4.40
CPG-014	280.42	505,993	6,715,305	-60	339		2.91	4.2	1.29	2.45	0.05	25.10	766	3.16
							30.48	48	17.52	0.58	0.07	5.83	160	10.15
							84	129	45	0.66	0.05	4.05	135	29.91

HoleID	From (m)	To (m)	Grade (g/t Au)	Length (m)
EC22-447	34.30	40.30	0.79	6.00
EC22-448	15.50	18.00	1.12	2.50
EC22-449	177.10	223.00	0.27	45.90
EC22-450	23.90	28.90	0.48	5.00
EC22-451	17.80	19.80	1.07	2.00
EC22-452	58.50	63.50	0.51	5.00
EC22-453	17.80	42.65	0.42	24.85
EC22-454	19.00	23.00	0.60	4.00
EC22-455	7.00	13.00	2.20	6.00
EC22-456	59.00	72.00	0.41	13.00
EC22-457	104.65	116.70	0.22	12.05
And	138.50	148.70	0.38	10.20
EC22-458	87.50	92.50	0.80	5.00
EC22-459	48.00	68.00	1.02	20.00
And	97.90	109.10	0.75	11.20
EC22-460	108.90	113.40	0.53	4.50
And	117.50	120.90	0.61	3.40
EC22-461	56.00	62.50	0.46	6.50
And	76.70	78.20	1.16	1.50
EC22-462	67.70	71.75	0.44	4.05
EC22-463			NSV
EC22-464	72.40	84.17	0.47	11.77
EC22-480	28.40	33.30	0.47	3.90
EC22-481	7.97	27.43	0.95	19.46
And	47.85	57.03	4.52	9.18
EC22-482	7.60	22.75	1.27	15.15
EC22-483	41.90	45.70	0.27	3.80
EC22-484			NSV
EC22-485			NSV

Hole ID	UTM East	UTM North	Azimuth	Dip	Length (m)
EC22-446	584278	7085665	210	55	62.48
EC22-447	585025	7085560	210	55	75.29
EC22-448	585510	7085200	210	55	150.88
EC22-449	585710	7085210	210	55	251.46
EC22-450	585380	7085280	210	55	150.88
EC22-451	585685	7085055	210	55	150.88
EC22-452	585724	7085026	210	55	210.31
EC22-453	585712	7084912	210	55	124.97
EC22-454	585671	7084850	210	55	60.96
EC22-455	585631	7084876	210	55	88.39
EC22-456	585830	7084795	210	55	100.58
EC22-457	585895	7084925	210	55	150.88
EC22-458	585930	7084890	210	55	101.5
EC22-459	585855	7084840	210	55	150.88
EC22-460	585553	7085175	210	55	150.88
EC22-461	585360	7085235	210	55	100.58
EC22-462	585275	7085395	210	55	100.58
EC22-463	585286	7085326	210	55	150.88
EC22-464	585225	7085315	210	55	124.97
EC22-465	584835	7085175	210	55	72.85
EC22-466	584873	7085142	210	55	65.58
EC22-478	583624	7086470	210	55	82.3
EC22-479	583624	7086470	270	55	50.29
EC22-480	585138	7085647	290	55	128.02
EC22-481	585068	7085673	290	55	149.35
EC22-482	585012	7085687	290	55	141.73
EC22-483	584966	7085712	290	55	99.06
EC22-484	584870	7085735	290	55	79.25
EC22-485	584923	7085760	290	55	100.58

HoleID	From (metres)	To (metres)	Interval (metres)	Au (g/t)	Comment
AP-23-297	43.05	285.0	241.95	9.06	Includes 12.0 metres internal dilution and geotech samples. Note 1
including	70.5	102.0	31.5	21.5	Includes geotech samples. Note 1
and including	97.0	102.0	5.0	51.0
including	194.5	229.7	35.2	23.6
including	212.1	222.0	9.9	42.4
AP-23-298	17.9	122.0	104.1	6.14	Includes geotech samples. Note 2
including	28.5	48.0	19.5	15.1	Includes geotech samples. Note 2

Hole ID	Northing (WGS84 Zone 14N)	Easting (WGS84 Zone 14N)	Elevation (metres)	Azimuth (°)	Inclination (°)	Length (metres)
AP-23-297	410,272	1,997,995	936	270	-46	285.0
AP-23-298	410,272	1,997,995	936	270	-85	129.0

BHID	FROM	TO	LENGTH	LITH	Weathering	Estimated Volume % spodumene*
JADDH00002	0.00	0.85	0.85	SOIL	Ox
JADDH00002	0.85	30.00	29.15	PEG	Ox
JADDH00002	30.00	38.17	8.17	SPEG	Ox	15
JADDH00002	38.17	53.40	15.23	PEG	Transition
JADDH00002	53.40	161.05	107.65	SCH	Fresh
JADDH00003	0.00	1.00	1.00	Soil	Ox
JADDH00003	1.00	18.25	17.25	SCH	Ox
JADDH00003	18.25	18.40	0.15	FAULT	Ox
JADDH00003	18.40	21.14	2.74	SCH	Ox
JADDH00003	21.14	21.35	0.21	FAULT	Ox
JADDH00003	21.35	22.00	0.65	SCH	Ox
JADDH00003	22.00	22.15	0.15	FAULT	Ox
JADDH00003	22.15	22.40	0.25	SCH	Ox
JADDH00003	22.40	44.30	21.90	PEG	Ox
JADDH00003	44.30	52.20	7.90	SPEG	Ox	20
JADDH00003	52.20	61.70	9.50	PEG	Ox
JADDH00003	61.70	86.70	25.00	SCH	Fresh
JADDH00003	86.70	89.10	2.40	PEG	Fresh
JADDH00003	89.10	93.40	4.30	SCH	Fresh

Number	License Number	Registered Owner	Status	Ha
1	846.232/2022	Onça Mineração Ltda.	Waiting for publication	675
2	846.233/2022	Onça Mineração Ltda.	Waiting for publication	172
3	846.234/2022	Onça Mineração Ltda.	Waiting for publication	460
4	848.411/2022	Onça Mineração Ltda.	Waiting for publication	1,666
5	848.412/2022	Onça Mineração Ltda.	Option for a license area due to interference	1,563
6	848.413/2022	Onça Mineração Ltda.	Waiting for publication	714
7	848.414/2022	Onça Mineração Ltda.	Waiting for publication	1,488
8	848.415/2022	Onça Mineração Ltda.	Ongoing 3-year exploration license	1,839
9	848.416/2022	Onça Mineração Ltda.	Waiting for publication	614
10	848.417/2022	Onça Mineração Ltda.	Waiting for publication	710
11	848.418/2022	Onça Mineração Ltda.	Waiting for publication	381
12	848.419/2022	Onça Mineração Ltda.	Waiting for publication	1,275
13	848.420/2022	Onça Mineração Ltda.	Waiting for publication	70
14	848.423/2022	Onça Mineração Ltda.	Waiting for publication	1,572
15	848.424/2022	Onça Mineração Ltda.	Waiting for publication	1,689
16	848.425/2022	Onça Mineração Ltda.	Ongoing 3-year exploration license	1,918
17	848.426/2022	Onça Mineração Ltda.	Waiting for publication	1,662
18	848.427/2022	Onça Mineração Ltda.	Waiting for publication	798
19	848.428/2022	Onça Mineração Ltda.	Ongoing 3-year exploration license	1,667
20	848.429/2022	Onça Mineração Ltda.	Waiting for publication	664
21	848.430/2022	Onça Mineração Ltda.	Waiting for publication	1,688
22	848.431/2022	Onça Mineração Ltda.	Waiting for publication	1,525
23	871427/2006	Mineração Marico Ltda.	Preliminary mining license granted.	294
24	872376/2021	Igramar Industria de Granitos e Marmores Ltda.	Ongoing 3-year exploration license	849
Total				25,953

Hole ID	East (m)	North (m)	RL (m)	Depth (m)	Survey Type	Azimuth	Dip
JADDH00002	361038	8883685	668	161.05	GPS	339	-54
JADDH00003	361058	8883636	662	93.4	GPS	330.82	-54.275
JADDH00001	361030	8883759	686	74.35	GPS	163	-58

Criteria	JORC Code explanation	Commentary
Sampling techniques	Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. Include reference to measures taken to ensure sample representativity and the appropriate calibration of any measurement tools or systems used. Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information.	Sampling at the surface was predominantly cut channels and rock chips. Sampling was focused on confirmation of mineralisation of Lithium from selected mineral species in the case of Jaguar “Weathered Spodumene”. Samples are not considered to be representative of exposed widths of the pegmatite body, samples were not collected over standard widths or perpendicular to orebody orientations. Samples size ranged between 1.5-3kg and industry standard an acceptable weight to ascertain a representative sample for preparation and assay. Core from the maiden drill programme has not yet been cut or sampled. LIBS handheld instruments were utilised to confirm Lithium mineralisation present, LIBS readings should not be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest LIBS readings are not representative of the whole core and represent purely a concentration measured at a single point.
Drilling techniques	Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face- sampling bit or other type, whether core is oriented and if so, by what method, etc).	All drill holes completed to date at Jaguar are diamond drillholes with core being drilled at HQ and NQ diameters with standard tube set up. Holes JADDH00002 and JADDH00003 have been oriented by use of a REFLEX ACT digital core orientation tool.
Drill sample recovery	Method of recording and assessing core and chip sample recoveries and results assessed. Measures taken to maximise sample recovery and ensure representative nature of the samples. Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.	Diamond core was reconstructed into continuous runs with depths measured from the core barrel and checked against core block measurements in trays. JADDH00001 to JADDH00003 all reported in excess of >90% core recovery in oxidised and fresh material. JADDH0002 suffered an estimated 20-25% core loss in the mineralised core section of the pegmatite due to washing out of the weathered friable spodumene crystals and clay. This will likely result in a bias to under report grade due to core loss. Solis has requested a triple tube system is utilised in future shallow drilling to limit potential wash out of oxidised material.
Logging	Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. The total length and percentage of the relevant intersections logged.	Solis geologists logged all sample noting mineralogy, lithology, alteration and weathering state of samples obtained. Logging is both quantitative and qualitative in nature. All samples including any submitted CRM material are individually photographed before submission. All core is photographed and orientated.
Sub-sampling techniques and sample preparation	If core, whether cut or sawn and whether quarter, half or all core taken. If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. For all sample types, the nature, quality and appropriateness of the sample preparation technique. Quality control procedures adopted for all sub-sampling stages to maximise representativity of samples. Measures taken to ensure that the sampling is representative of the in-situ material collected, including for instance results for field duplicate/second-half sampling. Whether sample sizes are appropriate to the grain size of the material being sampled.	Samples were taken to check the grades of exposed spodumene mineralisation, no systematic sampling across known exposed pegmatites was completed, samples were rock chips only and no systematic channel sampling has been completed to date. Duplicate samples were taken and stored for future reference. Samples are considered to be representative of exposed spodumene crystals within Jaguar open pit and of appropriate size with respect to sampled material. Diamond drill core has not yet been sampled
Quality of assay data and laboratory tests	The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.	All samples were assayed at SGS GEOSOL Laboratories Ltda Brazil. Analysis procedures are considered to be appropriate for lithium and multielement analysis. Rock chips and grab samples are assayed via ICM90A (fusion by sodium peroxide and finish with ICP-MS/ICP-OES) for a 56-element suite at the SGS Geosol Laboratorios located at Vespasiano/Minas Gerais, Brazil. If lithium results are above 15,000ppm, the lab analyses the pulp samples just for lithium through ICP90Q (fusion by sodium peroxide and finish with ICP/OES). Solis inserted industry standard OREAS CRM for analysis, standards utilised were OREAS 750 and OREAS 22h, reported values are within 1SD of CRM certified values.
Verification of Sampling and assaying	The verification of significant intersections by either independent or alternative company personnel. The use of twinned holes. Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. Discuss any adjustment to assay data.	All Solis data is verified by the Competent Person. All data is stored in an electronic Access Database. • Assay data and results is reported, unadjusted. Li₂O results used in this ASX release are converted from Li results by multiplying this value by the industry factor 2.153.
Location of data points	Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. Specification of the grid system used. Quality and adequacy of topographic control.	Data is shown using the UTM SIRGAS 2000 zone 23 South grid system. All samples and drill hole collar locations were captured using a handheld GPS and are to be surveyed in with a DGPS once arrives on site.
Data spacing and distribution	Data spacing for reporting of Exploration Results. Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. Whether sample compositing has been applied.	No set sample spacing or pattern has been applied due to the preliminary nature of the sampling programme.
Orientation of data in relation to geological structure	Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.	Drill holes JADDH0002 and JADDH0003 were both orientated utilising a digital downhole tool confirming the orientation with respect to lithological contacts and known country rock stratigraphy.
Sample security	The measures taken to ensure sample security.	N/A – No sampling of drill core has been undertaken.
Audits or reviews	The results of any audits or reviews of sampling techniques and data.	There have been no detailed external audits or reviews undertaken. Solis has conducted an internal technical review of the available geological and other publicly available data.