LATEST MINING NEWS

Enduro Metals Provides 2020 Exploration and Drilling Update
Kelowna, British Columbia--(Newsfile Corp. - September 30, 2020) - Enduro Metals Corporation (TSXV: ENDR)  (OTC Pink: SIOCF) (FSE: SOG) ("Enduro Metals" or the "Company") is pleased to provide a progress update on the ongoing 2020 exploration and drilling campaign at the Company's Newmont Lake Project, in the heart of northwestern British Columbia's Golden Triangle. Exploration Work Completed in 2020 up to September... Read more
FireFox Gold Delineates Multiple Drill Targets and Plans Fall Drill Program at Mustajärvi Gold Project
VANCOUVER, BC, Sept. 30, 2020 /CNW/ - FireFox Gold Corp. ("FireFox" or the "Company") is pleased to announce that the summer exploration program has successfully generated a series of drill targets throughout its extensive gold property portfolio in the Central Lapland Greenstone Belt ("CLGB") of Finland. The FireFox technical team, including the experts at GoldSpot Discoveries (TSXV: SPOT) ("GoldSpot"), has completed a... Read more
Northern Lights Resources Strengthens Geological Team at Secret Pass and Medicine Springs
Vancouver, British Columbia - TheNewswire - September 30, 2020 - Northern Lights Resources Corp. (the "Company" or "Northern Lights") (CSE:NLR) (CNSX:NLR.CN) is pleased to announce a number of updates as the Company advances the Secret Pass gold project in Arizona and the Medicine Springs silver, lead zinc project in Nevada. Northern Lights is pleased to announce the following appointments to its corporate and project... Read more
Altus Strategies: Substantial Increase in Gold Resource at Tabakorole Project, Southern Mali
DIDCOT, UK / ACCESSWIRE / September 30, 2020 / Altus Strategies Plc (AIM: ALS, TSX-V: ALTS, OTCQX: ALTUF), announces the results of a Mineral Resource Estimate ("MRE") at the Company's Tabakorole gold project ("Tabakorole" or the "Project") in southern Mali. The MRE was prepared in accordance with the JORC Code, an acceptable foreign code for the purposes of NI 43-101 (see Glossary at end), and was commissioned by Marvel... Read more
Wesdome Gold Mines Announces Exploration Drilling At The Eagle River Mine Extends High Grade At Falcon 7 Zone Adjacent To Mine Workings
TORONTO, Sept. 30, 2020 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or the “Company”) today announces results from the ongoing underground exploration drilling program at the Company’s wholly-owned Eagle River Mine in Wawa, Ontario. Although exploration drilling is currently operating at a reduced capacity due to COVID-19 restrictions, three underground drills and one surface drill are in... Read more
Roxgold Reports 77.2 GPT Over 6.0 Metres in Near-Surface Drilling at 55 Zone, Yaramoko Mine Complex
Roxgold Inc. (“Roxgold” or the “Company”) (TSX: ROXG) (OTCQX: ROGFF) is pleased to announce near-surface infill drilling results from the 55 Zone at the Yaramoko Mine Complex, drilled as part of a review of opportunities for near-surface mineralization to complement our high-grade underground operations. Yaramoko Mine Complex, Burkina Faso: Highlights from infill Reverse Circulation (“RC”) drilling 6 metres... Read more
Blue Star Gold Drills 13.42 g/t over 7 Metres at Ulu Gold Property and 13.87 g/t over 3 Metres at Hood River Property
Vancouver, British Columbia--(Newsfile Corp. - September 30, 2020) -  Blue Star Gold Corp. (TSXV: BAU) (FSE: 5WP) ("Blue Star" or the "Company") announces the first assay results from the 7,624 metre diamond drilling program at its Ulu and Hood River properties. The properties are located approximately 525 km NNE of Yellowknife, NT in the Kitikmeot region of western Nunavut. Kugluktuk is approximately 210 km to the... Read more
Summa Silver Makes High-Grade Silver Discovery of 3,760 g/t Silver Equivalent over 2.5 m at the Hughes Property, Tonopah Nevada
First Three Holes Drilled High-Grade Silver and Gold at Past-Producing Belmont Mine VANCOUVER, BC, Sept. 30, 2020 /CNW/ - Summa Silver Corp. ("Summa" or the "Company") (CSE: SSVR) (OTCQB: SSVRF) (Frankfurt:48X) is pleased to announce a high-grade silver discovery from the initial results from its ongoing 7,500 m drill program at the Hughes Property in Tonopah, NV. Each of the three holes reported in this news release... Read more
GoGold Resources Releases Additional Results from La Trini at Los Ricos North, including 5.6m of 1,070 g/t AgEq and 17.2m of 330 g/t AgEq
HALIFAX, NS, Sept. 30, 2020 /CNW/ - GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") is pleased to release additional assay results from the Company's La Trini deposit on the Los Ricos North project, including 5.6m of 1,070 g/t silver equivalent ("AgEq") from hole LRGT-20-33. Hole LRGT-20-033 was drilled at the La Trini deposit and intersected a silicified and altered quartz... Read more
Granada Gold Mine Hits 5.64 G/t Gold Over 6.86 Meters Including 20.4 g/t Gold Over 1.5 Meters
ROUYN NORANDA, QC, Sept. 30, 2020 /CNW/ - Granada Gold Mine Inc. (TSXV: GGM) (the "Company" or "Granada") is pleased to provide an update on its on-going drill program at Granada. This release contains drill results under the pit-constrained mineral resource. Highlights: 5.64 g/t gold over 6.86m in GR-20-10 from 364.64 to 371.50m 4.26 g/t gold over 4.50m in hole GR-20-13 from 290.50 to 295.00m The company... Read more
Galway Metals Intersects 2.1 g/t Au Over 38.75m, Plus a New Vein in Western Extension of the GMZ at Clarence Stream
TORONTO, ON / ACCESSWIRE / September 30, 2020 / Galway Metals Inc. (TSXV:GWM) (the "Company" or “Galway”) is pleased to report new drill results from the western extension of the George Murphy Zone (GMZ) at the Clarence Stream Gold Project in SW New Brunswick. These results follow-up on previously-released drill hole 88 that extended the zone 230m to the west and that returned three areas of visible gold with... Read more
Clean Air Metals Announces New Step-Out Drill Results from the Escape Lake Intrusion at Thunder Bay North, including 25.0m of 1.93g/t Platinum, 1.58/t Palladium, 0.64% Copper, and 0.28% Nickel
THUNDER BAY, ON, Sept. 30, 2020 /CNW/ - Clean Air Metals Inc. ("Clean Air Metals" or the "Company") (TSXV: AIR) (OTCQB: CLRMF) is pleased to announce new assay results from the drilling campaign currently underway at the Company's 100%-owned Thunder Bay North Project (the "Project"). New results from Holes ELR20-011, -012, -013A, -015, -017 and -018 in the Escape Lake Intrusion portion of the Project ("Escape Lake"),... Read more
Canada Silver Cobalt Expands Robinson Zone by 500 Percent, Intersects New High-Grade Vein
COQUITLAM, BC, Sept. 30, 2020 /CNW/ - Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt: 4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to announce a major reinterpretation of the past-producing Gowganda Silver Camp, 75 kilometers southwest of Kirkland Lake, and vast expansion to the mineralized Robinson Zone at Castle East with just the first 9,000 metres in Phase 1 of the 50,000-metre... Read more
Minsud Resources commences Phase 2 diamond drilling at Chita Valley Project, San Juan, Argentina
TORONTO, Sept. 30, 2020 /CNW/ - Minsud Resources Corp. (TSXV: MSR) ("Minsud" or the "Company") is pleased to announce the commencement of Phase 2 diamond drilling program, comprising a total of 4.100 meters, in 9 holes with variable depths between 350-600 meters, at the Chinchillones and Chita Polymetallic and Porphyry Complex, part of the Chita Valley Project. This Phase 2 drilling program will test... Read more
Spearmint Resources Commences Multi Hole Drill Program on Clayton Valley Lithium Clay Project In Nevada Directly Bordering Cypress Development Corp.
Vancouver, British Columbia--(Newsfile Corp. - September 30, 2020) - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the "Company") is pleased to announce the commencement of drilling on its Clayton Valley lithium claystone project (the "Project") directly bordering Cypress Development Corp. is now underway (see picture and map). Recently (Aug. 11, 2020) Cypress reported a 55% increase in their lithium... Read more
Group Eleven Resources Commences Follow-Up Drilling at Carrickittle Prospect in Ireland
VANCOUVER, BC, Sept. 30, 2020 /CNW/ - Group Eleven Resources Corp. (TSXV: ZNG) (OTC: GRLVF) (FRA: 3GE) ("Group Eleven" or the "Company") is pleased to announce that it has commenced drilling at the Carrickittle zinc prospect ("Carrickittle") on the Company's 100%-interest PG West project ("PG West") in the Republic of Ireland. Highlights: Drill program at Carrickittle consists of approximately 20 holes totalling 1,200... Read more
Benton Resources Commences Diamond Drilling on Its Far Lake Copper Project, Ontario
Thunder Bay, Ontario--(Newsfile Corp. - September 30, 2020) -  Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce it has mobilized a diamond drill rig to its Far Lake Copper project located 80km west of Thunder Bay, Ontario. The 2000m Phase 1 drill program will test priority targets identified from the Company's recently completed exploration programs, including the Far Lake #1... Read more
FenixOro Gold Launches Drill Program at Abriaqui
TORONTO, Sept. 30, 2020 (GLOBE NEWSWIRE) -- FenixOro Gold Corp (CSE:FENX, OTCQB:FDVXF, Frankfurt: 8FD) is pleased to detail the objectives of its maiden diamond drilling program at Abriaqui. The Phase 1 program, initiated on September 26, will include 4500 of the budgeted and fully funded 6000 meters of the initial program. Objectives of the program are a first phase test of the sequence of mesothermal veins and geophysical... Read more
NOVAGOLD Reports Third Quarter 2020 Financial Results and Provides Update on the Advancement of the Donlin Gold Project:
Donlin Gold Completes the Planned Drilling for 2020 on Schedule COVID-19 Health and Safety Measures Remain Strictly Enforced Prudent Fiscal Management Yields Robust Treasury In early August, the Donlin Gold project (“Donlin Gold” or the “project”), co-owned 50/50 with Barrick Gold (“Barrick”), disclosed encouraging initial assay results from the 2020 drill program. By mid-September, Donlin Gold successfully... Read more
Ero Copper announces excellent results from comprehensive ore sorting trial campaign
VANCOUVER, British Columbia, Sept. 30, 2020 (GLOBE NEWSWIRE) -- Ero Copper Corp. (the “Company”) (TSX: ERO) is pleased to announce the results from its comprehensive ore sorting trial campaign, which commenced in the first quarter of 2020 and tested approximately 29,000 tonnes of material through early September. Material from eight sources within the Curaçá Valley were tested, representing a range of grade profiles.... Read more
Marathon Gold Files Valentine Gold Project Environmental Impact Statement
TORONTO, Sept. 30, 2020 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to report that it has filed its Environmental Impact Statement (EIS) for the Valentine Gold Project located in the Central Region of Newfoundland and Labrador (NL). The EIS has been submitted to the Impact Assessment Agency of Canada (IAAC) and the NL Ministry of Environment, Climate Change and... Read more
Kinross Gold to acquire 70% interest in the high-quality Peak Gold project in Alaska
Project to leverage the Company’s Fort Knox mill and expected to add to production and cash flow profile in top-tier jurisdiction (This news release contains forward-looking information about expected future events and performance of the Company. We refer to the risks and assumptions set out in our Cautionary Statement on Forward-Looking Information located at the end of this release. All dollar amounts are expressed in... Read more
Aurania Resources Announces C$10 Million Overnight Marketed Offering
Toronto, Ontario--(Newsfile Corp. - September 30, 2020) -  Aurania Resources Ltd. (TSXV: ARU) (FSE: 20Q) ("Aurania" or the "Company") announces that it is undertaking an overnight marketed public offering of units (the "Offered Units") of the Company for gross proceeds of up to CDN$10 million (the "Offering"). The Offering is expected to be completed pursuant to an underwriting agreement to be entered into between the... Read more
Galileo Exploration Ltd. Announces Acquisition of 10.25km2 of Mining Claims in Fremont County, Wyoming; The Wolf Project
Vancouver, British Columbia - TheNewswire - September 30, 2020 - Galileo Exploration Ltd. ("Galileo, or the Company") (TSX VENTURE: GXL) (TSXV:GXL) is pleased to announce that it has, through its wholly-owned subsidiary, entered into a mining lease assignment agreement (the "Assignment Agreement") relating to properties in the Overland Mining District and Lewiston Mining District within Fremont County, Wyoming (the "Leases").... Read more
Sable Resources Discovers New Zone at El Fierro Increasing High-Grade Mineralized Footprint to 8 by 4 km
VANCOUVER, BC, Sept. 30, 2020 /CNW/ - Sable Resources Ltd. ("Sable" or the "Company") (TSXV: SAE) (OTCQB: SBLRF) is pleased to announce that it has received preliminary results from a newly discovered zone at El Fierro Project in San Juan, Argentina. The La Verde zone is located 3 km north of the Fierro Alto zone and 8 km north of Fierro Bajo where high-grade results were recently released by the Company (see press... Read more
Major Sulphide-Mineralized Shear Zones Intersected by Golden Goliath on Kwai Property, Red Lake, Ontario
Vancouver, British Columbia--(Newsfile Corp. - September 30, 2020) - Golden Goliath Resources Ltd. (TSXV: GNG) (OTC Pink: GGTHF) (FSE: GGZ) ("Golden Goliath" or the "Company") is happy to report that the first objective has been reached on the Kwai property. This objective was to identify shear zones within a basaltic unit along the north contact of the Pakwash Fault. Mineralized shears were intersected by holes K20-04 and... Read more
Rokmaster Resources Reports Updated Metallurgical Test Results for the Revel Ridge Project, BC
- Improved Main Zone Concentrate Gold Grade– VANCOUVER, BC, Sept. 30, 2020 /CNW/ - Rokmaster Resources Corp. ("Rokmaster" or the "Company") is pleased to announce the results of recently completed bench scale metallurgical testing on its Revel Ridge polymetallic gold-silver project in British Columbia, Canada ("Revel Ridge" or the "Project"). On February 25, 2020, the Company filed a Technical Report entitled... Read more
Bonterra Resources Discovers New High-Grade Vein on the Panache Property in the Urban Barry Region
Val-d'or, Quebec--(Newsfile Corp. - September 30, 2020) - Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) ("Bonterra" or the "Company") is pleased to announce very encouraging results from the surface exploration campaign on its recently acquired Panache property. In March 2019, the Company acquired the Panache property consisting of 1 claim which features a historic gold showing grading 21.9 g/t Au over 0.4... Read more
Japan Gold Announces Surface Sampling Results from Barrick Alliance - Mizobe Project Regional Program; 22 of 84 Rock Float Samples + 4g/t Gold
Vancouver, British Columbia--(Newsfile Corp. - September 30, 2020) - Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) (the "Company") is pleased to report encouraging geochemical and geophysical results from the Barrick Alliance regional work programs covering the Mizobe Project in the Southern Kyushu Epithermal Gold Province. Highlights: The Barrick Alliance regional programs, currently in progress, will cover all 29 projects... Read more
Cabral Gold Reports Channel Sample Results of 5.3m @ 24.0 g/t Gold at Jerimum North Target, Cuiu Cuiu Gold District
Vancouver, British Columbia--(Newsfile Corp. - September 30, 2020) - Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) ("Cabral" or the "Company") is pleased to announce the results of channel sampling at the Jerimum North target at the Cuiú Cuiú gold district in northern Brazil. Highlights are as follows; A surface channel sample recently completed at the Jerimum North target returned 5.3m @ 24.0 g/t gold. Jerimum North... Read more
Meridian Mining Reports on First Results from Espigao Soil Survey Program
First results outline broad base, precious and pathfinder element halo centred around newly modelled bedrock conductor London, United Kingdom--(Newsfile Corp. - September 30, 2020) - Meridian Mining SE (TSXV: MNO) ("Meridian" or the "Company") today provides an exploration update on its Espigão Polymetallic Project ("Espigão" or the "Project"). Following the resumption of field activities in mid-August, a total of 779... Read more
Avidian Gold Provides Exploration Update
TORONTO, ON / ACCESSWIRE / September 30, 2020 / Avidian Gold Corp. ("Avidian" or the "Company") (TSXV:AVG) is pleased to provide an exploration update for its Amanita, Amanita NE and Golden Zone properties in Alaska and its Jungo property in Nevada. Steve Roebuck, President of Avidian Gold states: "Our exploration programs were delayed this year as a result of the numerous challenges brought upon by COVID-19. We are however... Read more
LaSalle Exploration Corp. Expands Field Program at Radisson Property, James Bay Territory
Vancouver, British Columbia--(Newsfile Corp. - September 30, 2020) - LaSalle Exploration Corp. (TSXV: LSX) ("LaSalle" or the "Company") is pleased to report that the field program initiated in July on the Radisson Property ("Radisson" or the "Property") in the Eeyou Istchee - James Bay Territory has been expanded based on the delineation of several gold-in-soil geochemical anomalies along the southeastern area of the... Read more
Contact Gold Adds Second Drill Rig and Stakes Additional Claims at Green Springs Gold Project, Nevada
Vancouver, British Columbia--(Newsfile Corp. - September 30, 2020) - Contact Gold Corp. (TSXV: C) (OTCQB: CGOL) (the "Company" or "Contact Gold") is pleased to report that it has added a second drill rig to its ongoing drill program at the Green Springs gold property ("Green Springs"). One reverse circulation drill rig is now drilling in the past producing Charlie pit, and a core rig is drilling at the Echo Zone. Key... Read more
Idaho Champion Gold Mobilizes Second Drill Rig to Champagne Project and Provides Update on Drill Programs
Drilling to date amounts to approximately 29% of the 8,000 metres of drilling planned for this season at two fully funded gold projects 6 holes totaling 1,286 metres have been completed at Baner; approximately 43% of the program 6 holes totaling 1,045 metres have been completed at Champagne; approximately 21% of the program Second drill rig mobilized for core drilling at Champagne TORONTO, ON / ACCESSWIRE / September... Read more
Golden Dawn Minerals to Start Exploration Trenching at Golden Crown Property
VANCOUVER, BC / ACCESSWIRE / September 30, 2020 / Golden Dawn Minerals Inc., (TSXV:GOM) (FRANKFURT:3G8C) (OTC PINK:GDMRD), ("Golden Dawn" or the "Company"), announces that it is about to start exploration work at its Golden Crown property in the Greenwood mining district of southeastern British Columbia. Golden Dawn is about to kick-off its 2020 exploration program with trenching on its Golden Crown property. Approximately... Read more
Silver Sands Resource Corp. to Commence Exploration Program at Virginia Silver Project in Argentina
Vancouver, British Columbia--(Newsfile Corp. - September 30, 2020) - Silver Sands Resource Corp. (CSE: SAND) ("Silver Sands" or the "Company") is pleased to announce the commencement of the Phase I 2020 exploration program at the Virginia Silver Project, in Santa Cruz, Argentina under the option agreement with Mirasol Resources (TSXV: MRZ) ("Mirasol"). The support crews are opening the camp and completing cautionary measures... Read more
Pan American Silver Announces Restart of Huaron and Morococha Operations in Peru
VANCOUVER, BC, Sept. 30, 2020 /CNW/ - Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) ("Pan American") announces that production has resumed at its Huaron and Morococha operations in Peru. Over the past couple of weeks, Pan American has been gradually redeploying its workforce at Huaron and Morococha following implementation of intensive health screenings and testing for the COVID-19 virus. The expected annual... Read more
Troilus Gold Discovers New Gold Zone Located 8km Southwest of Main Resource, Samples Return Up to 9.7 g/t Gold and 32.5 g/t Silver
TORONTO, Sept. 30, 2020 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (TSX: TLG) (OTCQB: CHXMF) (“Troilus” or the “Company”) is pleased to announce initial results from its summer 2020 regional exploration program on its 100%-owned Troilus Project, located within the Frôtet-Evans Greenstone Belt of northern Quebec. The program focused on identifying high priority targets within the extensive new land package Troilus... Read more
Q-Gold Resources Submits Exploration Permit for High-Grade Foley Gold Mine Complex, Ontario
TORONTO, Sept. 30, 2020 (GLOBE NEWSWIRE) -- Q-Gold Resources Ltd (TSXV: QGR) (“Q-Gold” or the “Company”) is pleased to announce it has submitted an exploration permit for its previously announced 2020-2021 exploration program at its wholly-owned Foley Gold Mine complex, near the town of Mine Centre, Ontario. The permit will allow Q-Gold to drill targets at the past-producing Foley Gold Mine; a high-grade gold-vein... Read more
Xander Resources Exploration Update on Fenelon and Val d'Or Properties
Vancouver, British Columbia - TheNewswire - September 30, 2020 - Xander Resources Inc. (TSXV:XND) (FSE:1XI) (the "Company") is pleased to provide an update on the fall geological program on its two well-positioned properties in Fenelon and Val d'Or, Quebec. Stripping overburden and channel sampling on the Blue Ribbon property in Fenelon, near the Wallbridge Mining (TSXV:WM) discovery, has located the shear zone discovered by... Read more
Condor Resources Provides Project Updates
VANCOUVER, BC / ACCESSWIRE / September 30, 2020 / Condor Resources Inc. - ("Condor" or the "Company") (TSXV:CN) is pleased to provide updates on project activity amid the ongoing COVID-19 lockdowns in many locations throughout Peru. Condor appreciates that Peru has been hit hard by the pandemic, and the health and safety of our employees and the host communities takes priority. Pucamayo - The project is located in the Ica... Read more
Silver Spruce Resources Provides Update on Pino de Plata
BEDFORD, NS / ACCESSWIRE / September 30, 2020 / Silver Spruce Resources, Inc. (TSXV:SSE) (Frankfort:S6Q1) ("Silver Spruce" or the "Company") is providing the following update on the Pino de Plata project. Silver Spruce has retained Mexico-based legal counsel to lead the discussions with representatives of the surface landowners of Pino de Plata in order to re-negotiate access rights to their ranch that covers the Pino de... Read more
Black Tusk Resources Management Team Completes Quebec Properties Reconnaissance
VANCOUVER, BC / ACCESSWIRE / September 30, 2020 / Black Tusk Resources Inc. ("Black Tusk" or the "Company") (CSE:TUSK) (Frankfurt:0NB) (OTC PINK:BTKRF) is pleased to announce that the company executives have recently completed site reconnaissance on the majority of its Quebec properties. The reconnaissance was undertaken during the week September 21 to 25, 2020. The sites were visited by Richard Penn CEO, Roman Rubin CFO,... Read more
C3 Metals Highlights Potential Large-Scale Cu-Au System at Jasperoide, Peru
Toronto, Ontario--(Newsfile Corp. - September 30, 2020) - C3 Metals Inc. (TSXV: CCCM) ("C3 Metals") is pleased to report that it has completed a comprehensive review of all historical data for the Jasperoide Porphyry-Skarn-district, located along the highly prospective Andahuaylas-Yauri Porphyry-Skarn belt of Peru. This belt hosts several large copper porphyry and skarn deposits, including Las Bambas (MMG), Constancia... Read more
SolGold PLC Announces Pre-Feasibility Study Update - Alpala Project
Cascabel Concession, Northern Ecuador BISHOPSGATE, LONDON / ACCESSWIRE / September 30, 2020 / The Board of Directors of SolGold (LSE & TSX: SOLG) wishes to provide an update regarding the completion of the Pre-feasibility Study ("PFS") on the Alpala Project in the Cascabel concession in northern Ecuador (SolGold 85%). SolGold planned a fast delivery of a PFS for completion at the end of Q3 2020. The PFS work program... Read more
Beauce Gold Fields Pays off Property Mortgage in Full and Buys Back NSR on Company's Historical Placer Gold Deposit
Montreal, Quebec--(Newsfile Corp. - September 30, 2020) - Beauce Gold Fields (Champs D'Or en Beauce) (TSXV: BGF), ("BGF"), is pleased to announce that the Company has paid in full the principal and interest on a mortgage for 176 acres of real estate and bought back a 1.5% Net Smelter Royalty (NSR) held over the historical placer gold deposit in the municipality of Saint-Simon-les-Mines in the Beauce region of... Read more
Contango ORE, Inc. Announces Plans for New JV Partner Kinross Gold Corporation to Develop the Peak Gold Deposit and Sale of 30% Interest in Peak Gold, LLC resulting in a Substantially Improved Balance Sheet and Reduction in Outstanding Common Stock
Contango ORE, Inc. (“CORE” or the “Company”) (OTCQB: CTGO), is pleased to announce that it has executed agreements for a series of transactions (collectively, the “Transactions”) that reposition the Company as a well-capitalized US gold developer and explorer, including the important addition of the U.S. subsidiary of Kinross Gold Corporation (“Kinross”), a Tier 1 mine operator, as its venture partner in Peak... Read more
Megastar Development Furthers Work on Its Epithermal Au-Ag Projects in Oaxaca, Mexico
VANCOUVER, BC / ACCESSWIRE / September 30, 2020 / Megastar Development Corp. ("Megastar", or the "Company") (TSXV:MDV) (Frankfurt:M5QN) (OTC PINK:MSTXF) is pleased to report that after limited access to its properties as a result of the Covid-19 pandemic, its geologic team is back on the ground in Oaxaca following up on its encouraging initial exploration work since the reopening of the region. As well, the team is exploring... Read more
Benchmark Metals Completes $50.3 Million Unit Financing and Graduates to Trade on the OTCQX(R) Best Market
Edmonton, Alberta--(Newsfile Corp. - September 30, 2020) - Benchmark Metals Inc. (TSXV: BNCH) (OTCQX: BNCHF) (WKN: A2JM2X) (the "Company" or "Benchmark")  is pleased to announce, further to its press releases dated September 18 and 25, 2020, that it has closed the third tranche of its private placement (the "Offering"), issuing a further 3,384,615 hard dollar units at $1.30 (the "Units") for gross proceeds of... Read more
Victoria Gold Announces that Orion has Completed its $57.5 Million Bought Deal Secondary Offering
TORONTO, Sept. 30, 2020 (GLOBE NEWSWIRE) -- Victoria Gold Corp. (TSX-VGCX) (“Victoria” or the “Company”) announces today, the closing of the previously announced bought deal secondary offering (the “Offering”) of common shares with Orion Mine Finance (“Selling Shareholder” or “Orion”) and a syndicate of underwriters (the “Underwriters”) co-led by BMO Capital Markets and CIBC Capital Markets and... Read more
Santacruz Silver Announces Upsizing of Previously Announced Private Placement to CDN$9.5 Million
Vancouver, British Columbia--(Newsfile Corp. - September 30, 2020) - Santacruz Silver Mining Ltd. (TSXV: SCZ) (the "Company" or "Santacruz") is pleased to announce that due to strong investor demand it has increased the size of its previously announced non-brokered private placement offering of units of the Company to CDN$9.5 million (the "Private Placement"). The Private Placement will consist of up to 43,181,818 units... Read more
Orefinders Resources Closes $5.5 Million Private Placement
TORONTO, Sept. 30, 2020 /CNW/ - Orefinders Resources Inc. ("Orefinders" or the "Company") (TSXV: ORX) is pleased to announce the closing of its previously announced brokered private placement consisting of the sale of units (the "Units"), flow-through units (the "FT Units") and charity flow-through units of the Company (the "Charity FT Units", and collectively with the Units and FT Units, the "Offered Securities") (the... Read more
Standard Uranium Announces C$3,000,000 Public Offering
VANCOUVER, British Columbia, Sept. 30, 2020 (GLOBE NEWSWIRE) -- Standard Uranium Ltd. (“Standard Uranium” or the “Company”) (TSX-V: STND) (Frankfurt: FWB:9SU) is pleased to announce that it has entered into a letter agreement (the “Agreement”) with Red Cloud Securities Inc. (“Red Cloud”) as lead agent on behalf of a syndicate of agents (collectively, the “Agents”) and has filed and obtained a receipt for... Read more
Manitou Gold Announces Closing of Previously Announced C$2.317 Million Private Placement
SUDBURY, Ontario, Sept. 30, 2020 (GLOBE NEWSWIRE) -- Manitou Gold Inc. (TSXV: MTU) (the “Company” or “Manitou”) is pleased to announce, further to the Company’s news release issued on September 15, 2020 announcing a non-brokered private placement (the “Offering”), a closing of the Offering for aggregate gross proceeds of approximately $2.317 million. In connection with this closing, the Company issued (i)... Read more
Deep-South Resources Private Placement Over-Subscribed and Increases the Offering to $2.5 Million
Vancouver, B.C., Canada - TheNewswire - September 30, 2020 - Deep-South Resources Inc. ("Deep-South" or the "Company") (TSXV:DSM) announces that its non-brokered private placement ("the Offering") is over-subscribed and the Company will increase the Offering to $2.5 million. The Company will proceed with a second closing during the first week of October 2020. A first closing totaling $1,373,200 was announced on September 10,... Read more
Infinite Ore Launches Private Placement For C$1 Million
VANCOUVER, BC / ACCESSWIRE / September 30, 2020 / Infinite Ore Corp. ("ILI" or the "Company") (TSXV:ILI)(OTCQB:ARXRF) announces that it has arranged a non-brokered private placement of up to 20 million units ("Units") at a price of $0.05 per Unit for aggregate gross proceeds of $1,000,000.00 (the "Offering"). Each Unit will be comprised of one common share ("Share") and one transferable Share purchase warrant of the Company... Read more
Golden Independence Mining Closes Oversubscribed $4 Million Financing and Completes First Payment Under Option Agreement
Vancouver, British Columbia--(Newsfile Corp. - September 30, 2020) - Golden Independence Mining Corp. (CSE: IGLD) (FSE: 6NN) (the "Company") announces it completed the previously-announced non-brokered private placement for gross proceeds of $4,000,000 (the "Private Placement"). The financing resulted in the issuance of 14,285,714 units (each a "Unit") at $0.28 per unit. Each Unit is comprised of one common share and... Read more
Barksdale Resources Closes First Tranche of C$6.325 Million Financing and Initial Option Payment on San Javier
VANCOUVER, BC / ACCESSWIRE / September 30, 2020 / Barksdale Resources Corp. ("Barksdale" or the "Company") (TSXV:BRO) (OTCQB:BRKCF) is pleased to announce that it has closed a first tranche of the Company's non-brokered private placement financing announced August 6, 2020 and updated September 1, 2020 ("Placement"). Under the first tranche, Barksdale has issued a total of 15,263,158 units (the "Units") at a price of C$0.38... Read more
Libero Copper & Gold Closes C$2 Million Private Placement
VANCOUVER, BC, Sept. 30, 2020 /CNW/ - Libero Copper & Gold Corporation (TSXV: LBC) (OTCQB: LBCMF) (DE: 29H) is pleased to announce the non-brokered private placement announced on September 18, 2020 (the "Offering") has closed and consists of 12,487,450 common shares ("Share") at a price of C$0.16 per Share for gross aggregate proceeds of approximately C$2,000,000.  Eventus Capital Corp. acted as a finder and... Read more
Strategic Resources Upsizes Financing to $2.5 Million
VANCOUVER, BC, Sept. 30, 2020 /CNW/ - Strategic Resources Inc. (TSXV: SR) (the "Company" or "Strategic") is pleased to announce that it has increased the size of its proposed non-brokered private placement previously announced on September 29, 2020, to up to 7,170,000 units ("Units") at a price of $0.35 per Unit, for aggregate gross proceeds of up to approximately $2.5 million (the "Offering"). Each Unit shall be... Read more
Canada Nickel Company Inc. Closes the First Tranche of "Bought Deal" Private Placement of $8 Million of Units
TORONTO, Sept. 30, 2020 /CNW/ - Canada Nickel Company Inc. (TSXV: CNC) ("Canada Nickel" or the "Company") is pleased to announce that it has closed the first tranche of its previously announced brokered "bought deal" private placement financing and has issued an aggregate of 5,350,000 units of the Company (the "Units") at an offer price of $1.50 per Unit (the "Issue Price") for aggregate gross proceeds of $8,025,000 (the... Read more
Norsemont Mining Closes $1.5 Million Private Placement
Vancouver, B.C. - TheNewswire - September 30, 2020 - Norsemont Mining Inc. (CSE:NOM) (CNSX:NOM.CN) (OTCQB:NRRSF) (FWB:LXZ1) ("Norsemont" or the "Company") is pleased to announce that it has closed the first tranche of its non-brokered private placement (the "Offering"). A total of 942,715 units (each, a "Unit") will be issued at a price of $1.60 per Unit for gross proceeds of $1,508,344. Each Unit consists of one common share... Read more
Bold Ventures Announces Final Closing of Non-Brokered Private Placement
TORONTO, ON / ACCESSWIRE / September 30, 2020 / Bold Ventures Inc. (TSXV:BOL) (the "Company" or "Bold") is pleased to announce that it has closed the final tranche of its non-brokered private placement, announced in its July 31, 2020 Press Release (the "Offering"), and raised a further $60,050 through the issuance of 700,000 working capital units ("WC Units") and 334,000 flow-through units ("FT Units"). Each WC Unit is... Read more
Norra Metals Corp Closes Oversubscribed Private Placement
VANCOUVER, BC, Sept. 30, 2020 /CNW/ - Norra Metals Corp. (the "Company") (TSX-V: NORA) is pleased to announce it has closed an oversubscribed non-brokered private placement financing for total gross proceeds of $1,377,500. "We are very pleased to close on this oversubscribed financing, which will allow us to begin our rapid pace of advancement at Bleikvassli. Participation from management... Read more
Erin Ventures Announces Proposed Private Placement
VICTORIA, BC / ACCESSWIRE / September 30, 2020 / Erin Ventures Inc. ("Erin" or the "Company") (TSXV:EV) announces that, subject to the approval of the TSX Venture Exchange (the "TSXV"), it intends to complete a private placement offering of up to 5,000,000 units of the Company ("Units") at a price of $0.04 per Unit for gross proceeds of up to $200,000.00 (the "Offering"). Each Unit in this Offering will be comprised of one... Read more
Excellon Resources Announces Management and Board Additions
TORONTO, Sept. 30, 2020 /CNW/ - Excellon Resources Inc. (TSX:EXN) (TSX: EXN.WT) (NYSE: EXN) (FRA: E4X2) ("Excellon" or the "Company") is pleased to announce the appointment of Paul Keller, P. Eng. as Chief Operating Officer and Alfred Colas, CPA, CA as Chief Financial Officer.  Mr. Keller has already joined the Company and Mr. Colas will be joining in mid-October.  Anna Ladd-Kruger has stepped... Read more
McEwen Mining Appoints Anna Ladd-Kruger as Chief Financial Officer
TORONTO, Sept. 30, 2020 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to announce the appointment of Anna Ladd-Kruger, CPA, as Chief Financial Officer effective immediately. Anna is an accomplished mining executive with over 20 years of leadership experience with proven achievements in directing and leading mining organizations. "I’m very pleased to welcome Anna Ladd-Kruger to McEwen... Read more
Foran Mining Announces Retirement of President
VANCOUVER, British Columbia, Sept. 30, 2020 (GLOBE NEWSWIRE) -- Foran Mining Corporation (TSX-V: FOM) (the “Company” or “Foran”) announces the retirement of Patrick Soares, President, CEO and Director, effective September 30, 2020. Darren Morcombe, Executive Chairman commented, “Patrick has fulfilled a mandate of de-risking the McIlvenna Bay Project, thereby increasing the value of the Project to shareholders.... Read more
Sentinel Resources Appoints Seasoned Technical Team to Acquire and Explore Worldwide Gold and Silver Projects
VANCOUVER, BC, Sept. 30, 2020 /CNW/ - Sentinel Resources Corp. (CSE: SNL) (US OTC PINK: SNLRF) ("Sentinel" or the "Company") is pleased to announce the appointment of an experienced exploration team for the acquisition and exploration of worldwide gold and silver projects.  Dr. Peter Pollard is appointed Director and Chief Geologist, Mr. Danny Marcos, Exploration Manager, and Dr. Chris Wilson, Senior Advisor to the... Read more
Pasofino Gold Limited Announces Management and Board Appointments
Toronto, Ontario--(Newsfile Corp. - September 30, 2020) - Pasofino Gold Limited (TSXV: VEIN) (FSE: N07) ("Pasofino" the "Company") is pleased to announce that it has appointed Mr. John Sanders to the Board of Directors of the Company and that is has appointed Mr. Sanders as Chief Operations Officer, Mr. Ian Stalker as President and Chief Executive Officer - Africa and Mr. Steven Dunn as Chief Executive Officer - North... Read more
Lithoquest Diamonds Announces Changes to Board of Directors
VANCOUVER, BC / ACCESSWIRE / September 30, 2020 / Lithoquest Diamonds Inc. (TSXV:LDI) ("Lithoquest", or the "Company") today announced the appointment of Ms. Jo Price, M.Sc., MBA, P.Geo as an independent director, effective immediately. In addition, Ms. Price will serve as a member of the Compensation Committee and the Audit Committee. "Lithoquest welcomes Ms. Price to its Board of Directors," stated Bruce Counts, President... Read more
Gray Rock Resources Announces Appointment of Vice President, Exploration
VANCOUVER, BC / ACCESSWIRE / September 30, 2020 / Gray Rock Resources Ltd. (TSXV:GRK) ("Gray Rock" or the "Company") is pleased to announce that Mr. J. Carlos Rodriguez M. has been appointed as Vice President, Exploration effective immediately. Mr. Rodriguez M., P.Geo, graduated in 1984 from the University of Sonora in Hermosillo, Mexico with a degree in geology and from the Colorado School of Mines in 1998 with a... Read more
Bam Bam Resources Welcomes Dr. Mike Ressel to Its Board of Advisors
Vancouver, British Columbia--(Newsfile Corp. - September 30, 2020) -  Bam Bam Resources Corp. (CSE: BBR) (OTC Pink: NPEZD) (FSE: 4NPB) ("Bam Bam" or the "Company") is pleased to announce that Dr. Mike Ressel has agreed to join the Company's Board of Advisors. Dr. Ressel currently works with Mine Development Associates (a division of RESPEC), a consulting company that conducts mineral resource studies for the mining... Read more
FPX Nickel Files Positive Preliminary Economic Assessment for Baptiste Nickel Project
VANCOUVER, British Columbia, Sept. 30, 2020 (GLOBE NEWSWIRE) -- FPX Nickel Corp. (FPX-TSX.V) (“FPX Nickel” or the “Company”) announces that further to its news release dated September 9, 2020, it has filed the associated National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) technical report (the “Report”) for the Preliminary Economic Assessment (“PEA”) for the Baptiste... Read more
Sphinx Resources Announces Results of Its Annual General Meeting
MONTREAL, QC / ACCESSWIRE / September 30, 2020 / Sphinx Resources Ltd. ("Sphinx" or the "Corporation") (TSXV:SFX) announces that at its Annual General Meeting ("AGM") held on September 29, 2020 in a virtual format, all the items were approved as follows: Election of Lawrence Cannon, Michel Lemieux, Jeremie Ryan et Pierre-Andre Viens as directors; and Re-appointment of PricewaterhouseCoopers LLP as auditors. At a Board... Read more
Silver Bear Resources Provides Shareholder Meeting Results
TORONTO, Sept. 30, 2020 (GLOBE NEWSWIRE) -- Silver Bear Resources Plc (“Silver Bear” or the “Company”) (TSX: SBR) announces the voting results of its annual general and special meeting (the “Meeting”) held today in Moscow, Russia. A total of 591,702,964 ordinary shares were voted in connection with the Meeting, representing approximately 87.9% of the issued and outstanding ordinary shares of the Company eligible... Read more
CMC Metals Ltd. Announces Appointment of New Director and Chief Financial Officer and Results of Annual General Meeting
September 30, 2020 - TheNewswire - Vancouver, BC. - CMC Metals Ltd. - ("the Company") (TSXV:CMB) (OTC:CMCXF) is pleased to announce that at its Annual General Meeting held September 24, 2020, the following persons were re-nominated to the Company's Board of Directors: John Bossio: Chairman Kevin Brewer, P.Geo., Director, President and CEO Graham Chisholm, A.C.I.S., Recording Secretary Robert Wheeler,... Read more
Platinum Group Metals Ltd. Added to the S&P/TSX SmallCap Index
Vancouver, British Columbia and Johannesburg, South Africa--(Newsfile Corp. - September 30, 2020) - Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) ("Platinum Group", "PTM" or the "Company") is pleased to announce that it has been added to the S&P/TSX SmallCap Index as of September 21, 2020. The S&P/TSX SmallCap Index provides an investable index for the Canadian small cap market and was developed with... Read more
Silver Dollar Resources Starts Trading in the United States on the OTCQB Venture Market
Vancouver, British Columbia--(Newsfile Corp. - September 30, 2020) - Silver Dollar Resources Inc. (CSE: SLV) (OTCQB: SLVDF) ("Silver Dollar" or the "Company"), a Canadian based mineral explorer with projects in Red Lake, Ontario and Durango, Mexico, is pleased to announce the Company's common shares will begin trading in the United States today on the OTCQB Venture Market ("OTCQB") under the ticker symbol "SLVDF". The... Read more

Anaconda Mining Announces Completion of Arrangement with Orex Exploration

TORONTO, May 19, 2017 /CNW/ - Anaconda Mining Inc. ("Anaconda") (ANX: TSX) and Orex Exploration Inc. ("Orex") (OX: TSXV) are pleased to announce the completion of the previously announced plan of arrangement ("Arrangement") between Anaconda and Orex, pursuant to which Orex has now become a wholly owned subsidiary of Anaconda.

Dustin Angelo, President and CEO of Anaconda commented, "We are extremely appreciative of the strong support we received from our shareholders and the Orex shareholders in completing this transaction. This marriage of an experienced gold producer with operating infrastructure and a large mineral resource is expected to create significant shareholder value. We have already started down the path of building that value by beginning the Goldboro permitting process, resource optimization, economic analysis and planning for a diamond drill program, among other project development initiatives. We are targeting to have a preliminary economic assessment completed by the end of 2017."

Under the Arrangement, Anaconda issued 172,167,741 common shares of Anaconda ("Anaconda Shares") to former shareholders of Orex. As a result, on closing Anaconda had 381,500,492 Anaconda Shares issued and outstanding with approximately 54.9% of the Anaconda Shares being held by former Anaconda shareholders and 45.1% of the Anaconda Shares being held by former Orex shareholders, on a non-diluted basis.   

Full details of the Arrangement and certain other matters are set out in the joint management information circular of Anaconda and Orex dated April 3, 2017 (the "Information Circular"). A copy of the Information Circular can be found under Anaconda and Orex's respective profiles on SEDAR at www.sedar.com.  

Information for Former Orex Shareholders

Trading in the common shares of Orex (the "Orex Shares") are expected to be formally delisted from the TSX Venture Exchange (the "TSXV") effective at the close of business on Tuesday, May 23, 2017.

Pursuant to the Arrangement, former Orex shareholders are entitled to receive 0.85 of an Anaconda Share for each Orex Share held. In order to receive Anaconda Shares in exchange for Orex Shares, former Orex registered shareholders must complete, sign, date and return the letter of transmittal (the "Letter of Transmittal") that was mailed to each registered Orex shareholder prior to the special meeting of securityholders of Orex. The Letter of Transmittal is also available under the SEDAR profile of Orex on SEDAR at www.sedar.com. For those shareholders of Orex whose shares are registered in the name of a broker, investment dealer, bank, trust company, trust or other intermediary or nominee, they should contact such nominee for assistance in depositing their Orex Shares and should follow the instructions of such intermediary or nominee.

Board and Management

The board of directors of the combined company (the "Board of Directors") is now comprised of the following individuals:

Jonathan Fitzgerald (Non-Executive Chairman)
Dustin Angelo (President and CEO)
Kevin Bullock
Michael Byron
Lewis Lawrick
Jacques Levesque
Maruf Raza

The Board of Directors would like to thank Tim Casgrain and Glenn Dobby, former directors of Anaconda, and Dany Cenac Robert, Marcel Faucher, Robert Schafer, Jean-Pierre Landry and Claude Poulin, former directors of Orex, for their dedication and continued support. In addition, the board of directors of Anaconda would like to thank Jonathan Fitzgerald, the former Chairman and CEO of Orex, Jacques Levesque, the former CFO of Orex, and Julie Godard, the former Corporate Secretary of Orex, for their steadfast stewardship of Orex through this transaction.

Arrangement Highlights

The Arrangement is intended to provide significant benefits, including:

  • Acceleration of development of the Goldboro Project ("Goldboro Project") by combining the mineral resources with Anaconda's proven operating infrastructure at the Point Rousse Project ("Point Rousse Project") and experienced management team;
  • Potential for substantial capital cost reductions at the Goldboro Project through leveraging Anaconda's existing port, mill and tailings facilities;
  • Potential for gold producing operations in two mining friendly jurisdictions in Atlantic Canada - Newfoundland & Labrador and Nova Scotia;
  • Establishment of a strong position from which to participate in any future consolidation in the mining industry in Atlantic Canada; and
  • Greater market presence, enhanced liquidity and a broader capital markets profile.

Anaconda's Point Rousse Project has been producing gold for nearly seven years and, in that time, Anaconda has incrementally improved its operating infrastructure, which includes a 1,300-tonne per day mill, tailings capacity for approximately 15 years (based on the current mill throughput rate) and a port facility. Both the Point Rousse Project and Goldboro Project are located on tidewater. With favourable logistics and existing infrastructure in place, Anaconda expects it will be able to accelerate the development of the Goldboro Project at a lower capital cost than if it were a stand-alone project.

The Arrangement has created a company with expanded mineral resources, most of which are high grade. The mineral resource portfolio now includes 457,400 Measured and Indicated ounces of gold and 372,900 Inferred ounces at the Goldboro Project in Nova Scotia (see Orex's news release dated March 1, 2017); 107,230 Indicated ounces of gold and 37,030 Inferred ounces at the Point Rousse Project; and 83,000 Indicated ounces of gold and 31,000 Inferred ounces at the Viking Project ("Viking Project") in Newfoundland and Labrador (Table 1). Detailed resource tables (Table 2) prepared in accordance with National Instrument 43-101 ("NI 43-101") are presented below.

Table 1.  A summary of Mineral Resources at Goldboro, Point Rousse and Viking Projects

  Goldboro, NS   Point Rousse, NL   Viking, NL  
Category Tonnes Grade^ (g/t) Ounces Tonnes Grade^ (g/t) Ounces Tonnes Grade (g/t) Ounces
M+I 2,556,000 5.57 457,400 1,764,100 1.89 107,230 1,817,000 1.42 83,000
Inferred 2,669,000 4.35 372,900 460,700 2.50 37,030 847,000 1.15 31,000

^ tonnage weighted average grade:

NOTE: Goldboro includes all three zones described in the technical report titled "Updated Mineral Resource Estimate Technical Report for the Goldboro Property, Guysborough County, Nova Scotia, Canada" with an effective date of February 28, 2017, authored by independent qualified persons Michael P. Cullen, P. Geo and Stewart R. D. Yule, P.Geo (Mercator Geological Services Limited) and Point Rousse includes the Pine Cove and Stog'er Tight deposits. M+I refers to Measured and Indicated resource categories

Recent Developments

Prior to closing of the Arrangement, Anaconda already started to work on advancing the Goldboro Project. The permitting process has been underway, beginning with an initial meeting with regulatory officials organized by the Nova Scotia Mineral Development Division, the completion of certain environmental studies related to moose and owl surveys and the preparation for next steps in the process. Anaconda management has also begun community and First Nations engagement. In addition, Anaconda initiated work on the Goldboro mineral resource model to optimize it based on its conceptual development plan. Multiple operating plans are currently being evaluated and the optimal scenario will be determined in the coming months. Anaconda will provide additional updates on its progress as it meets its development milestones going forward.

NI 43-101 Resource Summary

Anaconda's mineral resource portfolio now includes three mineral projects with current NI 43-101 mineral resources including the Goldboro Project, the Point Rousse Project and the Viking Project.  Mineral resources for each of these projects are summarized in Table 2.

Table 2:  A summary of NI 43-101 Mineral Resourcese,f

Goldboro, Nova Scotia
  Boston Richardsonazone West Goldbrookazone East Goldbrookazone
Category Tonnes Grade (g/t) Ounces Tonnes Grade (g/t) Ounces Tonnes Grade (g/t) Ounces
Measured 171,000 5.39 29,600            
Indicated 1,507,000 5.27 255,400 464,000 5.39 80,400 414,000 6.91 92,000
Inferred 1,083,000 4.56 158,800 459,000 4.42 65,200 1,127,000 4.11 148,900
 
Point Rousse (PR)/Viking (VK), Newfoundland and Labrador
  Pine Covebdeposit (PR) Stog'er Tightcdeposit (PR) Thorddeposit (VK)
Category Tonnes Grade (g/t) Ounces Tonnes Grade (g/t) Ounces Tonnes Grade (g/t) Ounces
Indicated 1,560,000 1.67 83,690 204,100 3.59 23,540 1,817,000 1.42 83,000
Inferred 208,700 1.57 10,570 252,000 3.27 26,460 847,000 1.15 31,000
    1. Resource stated using a 2.0 g/t cutoff as per Orex's technical report referenced above.
    2. Resource is stated using a 0.7 g/t cutoff as per "NI43-101 Technical Report, Mineral Resource and Mineral Reserve Update on the Pine Cove Mine and Mineral Resource Estimate on the Stog'er Tight Deposit, Point Rousse Project, Baie Verte, Newfoundland and Labrador, Canada" with an effective date of October 22, 2015 and authored by independent qualified persons David Copeland, P. Geo. (an independent consultant) and Catherine Pitman, P.Geo. (AMC Mining Consultants (Canada) Ltd.)  and qualified persons David Evans, P.Geo. (Silvertip Exploration Consultants Inc.), Paul McNeill, P. Geo. (Anaconda Mining Inc.) and Gordana Slepcev, P. Eng. (Anaconda Mining Inc.). The Pine Cove Reserves are reported in the Annual Information Form dated August 29, 2016.
    3. Resource is stated using a 0.8 g/t cutoff as per "NI43-101 Technical Report, Mineral Resource and Mineral Reserve Update on the Pine Cove Mine and Mineral Resource Estimate on the Stog'er Tight Deposit, Point Rousse Project, Baie Verte, Newfoundland and Labrador, Canada" with an effective date of October 22, 2015 and independent qualified persons David Copeland, P. Geo. (an independent consultant) and Catherine Pitman, P.Geo. (AMC Mining Consultants (Canada) Ltd.)  and qualified persons David Evans, P.Geo. (Silvertip Exploration Consultants Inc.), Paul McNeill, P. Geo. (Anaconda Mining Inc.) and Gordana Slepcev, P. Eng. (Anaconda Mining Inc.).
    4. Resource is stated using a 0.5 g/t cutoff as per "NI 43-101 Technical Report and Mineral Resource Estimate on the Thor Deposit, Viking Project, White Bay Area, Newfoundland and Labrador, Canada" with an effective date of August 29, 2016 and authored by independent qualified persons David A. Copeland, M.Sc., P.Geo., (an independent consultant), Shane Ebert, Ph.D., P.Geo. (an independent consultant) and Gary Giroux, MASc, P.Eng. (Giroux Consultants Ltd.).
    5. Mineral resources that are not mineral reserves do not have demonstrated economic viability. This estimate of mineral resources may be materially affected by environmental permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.
    6. Mineral Resource Estimate were prepared in accordance with NI 43-101 and the CIM Standards.

ABOUT ANACONDA MINING INC.

Anaconda is a growth-oriented, Atlantic Canada regional gold producer, developer and explorer with a producing project called the Point Rousse Project on the Baie Verte Peninsula, Newfoundland and a major development project called the Goldboro Project in Nova Scotia. Anaconda also has three other exploration projects called the Viking and Great Northern Projects and the Tilt Cove Property in Newfoundland. Including all projects, Anaconda controls over 600,000 ounces of measured and indicated gold resources and over 400,000 ounces of inferred gold resources. Approximately 70% of the measured and indicated resources are greater than 5.0 grams per tonne and approximately 85% of the inferred resources are more than 4.0 grams per tonne.

Anaconda has plans to grow its resource portfolio and production profile through exploration and mergers and acquisitions. To maximize potential profit and minimize capital investment, it will leverage its existing operating infrastructure at the Point Rousse Project including Anaconda's mill facility, tailings capacity and port facility.

As the only pure play gold producer in Atlantic Canada, Anaconda is turning the rock we live on into a growing and profitable resource. With a young and motivated workforce, innovative technology and the support of local suppliers, Anaconda is investing in its people and giving back to the communities in which we operate – building a better future for all our stakeholders, from the ground up.

Paul McNeill, Anaconda's VP of Exploration and a qualified person pursuant to NI 43-101, has reviewed and approved the scientific and technical data of Anaconda and Orex contained in this press release.  

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Great Bear Resources

Great Bear Resources

Great Bear Resources is a Canadian exploration company focused on its 100% owned, royalty-free Dixie gold project located in the prolific Red Lake mining district of Ontario. To date five high-grade gold discoveries have been confirmed along a 2.3km strike within a large-scale 10km target. The system at Dixie has returned multiple high-grade drill intercepts including 16.35m of 26.91 g/t gold and 7.00m of 68.76 g/t gold. Great Bear is fully funded to complete 200,000m of drilling... LEARN MORE