LATEST MINING NEWS

Avalon Announces the Results of its 2020 Annual and Special Meeting of Shareholders
Toronto, Ontario--(Newsfile Corp. - February 26, 2020) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") announces the results of its 2020 Annual and Special Meeting of Shareholders held in Toronto, Ontario on February 25, 2020 (the "Meeting"). At the Meeting, all five director nominees listed in the Company's information circular dated January 8, 2020 were elected as directors of the Company.... Read more
Sarama Resources Announces Updated Mineral Resource Estimate for the Karankasso Joint Venture Project, South-West Burkina Faso
VANCOUVER, BC / ACCESSWIRE / February 26, 2020 / Sarama Resources Ltd. ("Sarama" or the "Company") (TSX-V:SWA) advises that an updated mineral resource estimate has been compiled on the Karankasso Project (the "Project"), located in south-west Burkina Faso (refer Figure 1). The Project is a joint venture between Sarama and Semafo Inc ("Semafo"), with the parties holding approximate interests of 20% and 80% respectively. The... Read more
Skeena Resources Intersects 22.59 g/t AuEq Over 14.33 Metres at Eskay Creek
VANCOUVER, BC / ACCESSWIRE / February 26, 2020 / Skeena Resources Limited (TSX.V:SKE)(OTCQX:SKREF) ("Skeena" or the "Company") is pleased to announce the final gold-silver assays from the 2019 Phase I surface drilling program at the Eskay Creek Project ("Eskay Creek") located in the Golden Triangle of British Columbia. Four ground-based surface drill rigs were utilized for the 2019 Phase I program in the 21A, 21E and HW Zones... Read more
GoGold Intersects 17.3m at 317 g/t Silver Equivalent at Los Ricos South Project
HALIFAX, Feb. 26, 2020 /CNW/ - GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") is pleased to release the assay results from 9 diamond drill holes at the South Project in the Company's Los Ricos district project.  Diamond drilling resumed on January 12, 2020 and a fifth drill has been added to the program.  Three drills are testing the Los Ricos vein north of the historical stopes and two... Read more
Monarch Gold intersects 32.30 g/t Au over 7.1 metres (23.3 feet) in new mineralized zone at McKenzie Break
High-grade results from the hole MK-18-205 extension confirm the presence of a new mineralized zone below and to the east of the current resource. Highlights from the third set of results for 1,462 metres of drilling in three diamond drill holes and two extension holes: MK-18-205ext: 32.30 g/t Au over 7.1 metres, including 142.80 g/t Au over 1.2 metres, 26.97 g/t Au over 1.3 metres and 24.60 g/t Au over 0.7 metres. MK-19-249:... Read more
Trevali Mining Announces Drill Results Extending the Western Orefield Deposit at Rosh Pinah at Depth and Along Strike
VANCOUVER, British Columbia, Feb. 26, 2020 (GLOBE NEWSWIRE) -- Trevali Mining Corporation (“Trevali” or the “Company”) (TSX: TV, BVL: TV; OTCQX: TREVF, Frankfurt: 4TI) announces results from the 2019 exploration program at Rosh Pinah with a high grade extension to WF3 identified to the South. “We are encouraged by the results from the exploration program at Rosh Pinah and the ability to keep intersecting high grade... Read more
Awalé Resources - Final Results and Completion of Phase 1 Drill Program for the Empire Discovery
VANCOUVER, Feb. 26, 2020 /CNW/ - Awalé Resources Limited ("Awalé" or the "Company") (TSXV: ARIC) is pleased to report results from the last 2 holes of the maiden drilling program at the Empire high grade gold discovery (Figures 1 and 2). The final step back diamond hole has intercepted target geology, alteration and mineralization to a vertical depth of greater than 200m (Figure 3).  Visible gold has been... Read more
MAYA continues to intersect wide high grade zones near surface of the Eastern Zone at its Zgounder silver mine in Morocco
MONTREAL, Feb. 26, 2020 (GLOBE NEWSWIRE) -- Maya Gold & Silver Inc. (“Maya” or the “Corporation”) (TSX: MYA) is pleased to announce results of its 2019 Reverse Circulation drilling program at its Zgounder silver mine in the Kingdom of Morocco. The Corporation reports assay results from 26 of the 28 ( RC ) drill holes, totaling 3035 meters. Other results of the on-going RC 2020 program are pending and will be disclosed... Read more
Osprey Drilling Demonstrates Strike Length of More than 500 Meters of Disseminated Gold Mineralization at Mitchell Lake Zone, Including 13.0 M of 1.05 G/t Gold
Vancouver, British Columbia--(Newsfile Corp. - February 26, 2020) - OSPREY GOLD DEVELOPMENT LTD. (TSXV: OS) (OTCQB: OSSPF)  (the "Company" or "Osprey") is pleased to announce assay results from its diamond drill program at the Mitchell Lake Zone of the Company's Goldenville Property located in Guysborough County, Nova Scotia. A total of 646 metres ("m") in five holes were drilled across approximately 300 m of strike length;... Read more
Silver Viper Continues to Intercept High-Grade Gold and Silver at El Rubi
High Grade results include 22.6g/t Gold and 1,431g/t Silver over 3.0m All Holes encountered zones of significant mineralization. Intercepts from LV20-217 and 218 indicate increased grade and thickness beneath previously reported holes. El Rubi strike-length extended an additional 50m and remains open along strike and to depth. VANCOUVER, Feb. 26, 2020 /CNW/ - Silver Viper Minerals Corp. (the "Company" or "Silver Viper")... Read more
Xtra-Gold Reports Positive Drill Results for Kibi Gold Project Resource Expansion Target Generation Program in Ghana
Toronto, Ontario--(Newsfile Corp. - February 26, 2020) - Xtra-Gold Resources Corp. (TSX: XTG) (OTCQB: XTGRF), ("Xtra-Gold" or the "Company") is pleased to announce positive results for initial phase of an ongoing drill program designed to generate new resource expansion targets within the Zone 2 - Zone 3 maiden mineral resource footprint area, on the Company's wholly-owned Kibi Gold Project, located in the Kibi - Winneba greenstone... Read more
Delta Resources Intersects Wide Zones of Low-Grade Gold from Its First Exploratory Drilling Program at the Eureka in Thunder Bay, Ontario
KINGSTON, ON / ACCESSWIRE / February 26, 2020 / Delta Resources Limited ("Delta" or "The Company") (TSXV:DLTA) is pleased to announce its final drill results from its first exploratory drilling program at the Delta-1 Property, 50 kilometres west of Thunder Bay, Ontario. Delta completed a total of 1,009 metres of drilling in six drill holes in late November 2019, testing the Eureka Gold Occurrence. Preliminary results were press... Read more
HighGold Mining Commences 5000-Meter Winter Drill Program on Timmins Area Gold Projects
Vancouver, British Columbia--(Newsfile Corp. - February 26, 2020) -  HighGold Mining Inc. (TSXV: HIGH) (OTCQB: HGGOF) ("HighGold" or the "Company") is pleased to report the start-up of the 2020 winter drill program (the "Program") on its three gold properties located in the Timmins gold camp, Ontario. The Program plans for 5,000 meters of diamond drilling utilizing two drill rigs on the Company's Munro-Croesus, Golden Perimeter... Read more
Brixton Metals Starts Drilling at Langis Mine Property, Cobalt Camp, Ontario
Live Webinar Project Update Thursday Feb. 27thBrixton Publishes Hog Heaven Mine Video VANCOUVER, British Columbia, Feb. 26, 2020 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce that it has commenced a 1,000m drill program at its wholly-owned Langis Mine property in the Cobalt Camp, Ontario, Canada. Additionally, the company is releasing a video... Read more
BTU Metals Commences Drilling Dixie Creek SGH Gold Target
Highlights: Drilling underway at Dixie Creek Target following up Spatiotemporal Geochemical Hydrocarbon ("SGH") survey results Two separate targets near common boundary with Great Bear Resources Both SGH anomalies are proximal to induced polarization chargeability anomalies VANCOUVER, BC / ACCESSWIRE / February 26, 2020 / BTU METALS CORP. ("BTU" or the "Company") (BTU-TSX:V) is pleased to announce that drilling is currently... Read more
Piedmont Lithium: Hydroxide Testwork Program Proceeding Favorably
Lithium hydroxide testwork at SGS Lakefield is on schedule and proceeding well Delivery of hydroxide samples to prospective offtake partners will commence upon program completion Optimized flowsheet to underpin Chemical Plant PFS targeted for Q2 2020 NEW YORK--(BUSINESS WIRE)--Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to provide an update on the metallurgical testwork program underway at SGS Labs... Read more
Mundoro Reports on Q4-2019 Exploration for Serbia and Bulgaria Programs
Vancouver, British Columbia--(Newsfile Corp. - February 26, 2020) -  Mundoro Capital Inc. (TSXV: MUN) (www.mundoro.com) ("Mundoro" or the "Company") is pleased to report on exploration activity for the Company's partner funded exploration programs that are ongoing in Serbia and Bulgaria. The Company's unaudited consolidated financial statements and Management's Discussion and Analysis are expected to be filed by the end... Read more
Prime Mining Reports 39.0 Metres at 6.75 gpt Gold and 58.2 gpt Silver from Zapote South At Los Reyes
VANCOUVER, British Columbia, Feb. 26, 2020 (GLOBE NEWSWIRE) -- Andrew Bowering, CEO of Prime Mining Corp. (TSX.V:PRYM) (OTCQB: PRMNF) (Frankfurt:A2PRDW) (“Prime” or the “Company”) announced today that results from new trenches, road cuts and adit sampling in the Company’s ongoing surface exploration program continue to show significant mineralized areas over the Zapote North and South deposits. Surface trenching and... Read more
IMPACT Silver Announces the Results of Sampling at Chapanial Including 97.5 g/t Gold and 97.9 g/t Silver over a true width of 0.80 meter and 18.25 g/t Gold and 75.4 g/t Silver over a true width of 0.20 meter
Vancouver, British Columbia--(Newsfile Corp. - February 26, 2020) - IMPACT Silver Corp. (TSXV: IPT) ("IMPACT" or the "Company") is pleased to announce the results of a surface mapping and sampling program on the Chapanial area in the Royal Mines of Zacualpan District, Mexico. Highlights of reconnaissance sampling included the following results: Sample No Sample Type True Width (m) Gold g/t Silver g/t Lead % Zinc... Read more
Paramount Gold Nevada Submits Mine Plan of Operation to Federal Bureau of Land Management and Provides Update on State Permitting Progress
WINNEMUCCA, Nev., Feb. 26, 2020 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American: PZG) (“Paramount”) (the “Company”) announced today it has submitted its Plan of Operation (the ”Plan”) to the Federal Bureau of Land Management (“BLM”) outlining the Company’s plans to build and operate the proposed Grassy Mountain underground gold mine located in Malheur County, eastern Oregon. The project’s processing... Read more
Sonoro Metals Plans Expanded Drilling Program at Cerro Caliche
VANCOUVER, British Columbia, Feb. 26, 2020 (GLOBE NEWSWIRE) -- Sonoro Metals Corp., (TSXV: SMO | OTCQB: SMOFF | FRA: 23SP), (“Sonoro” or the “Company”), announces the completion of a comprehensive technical assessment on the 17 zones of gold mineralization identified to date at its Cerro Caliche project in Sonora, Mexico. The purpose of the assessment was to evaluate the potential for a material increase in the current... Read more
Rio Tinto Updates Progress on Forum's Janice Lake Copper Project, Saskatchewan
Vancouver, British Columbia--(Newsfile Corp. - February 26, 2020) - Forum Energy Metals Corp. (TSXV: FMC) ("Forum" or "the Company") is pleased to provide an update on Rio Tinto's progress on the Janice Lake sedimentary copper project in northern Saskatchewan. Further to the Company's press release dated January 21, 2020, Rio Tinto Exploration Canada (RTEC) reports that the winter access road to the Janice Lake camp site is... Read more
Rugby Mining Completes Sampling at El Zanjon, Argentina
VANCOUVER, British Columbia, Feb. 26, 2020 (GLOBE NEWSWIRE) -- Rugby Mining Limited (“Rugby” or the “Company”) (TSX-V: RUG) is pleased to report that a recent geochemical sampling program has been completed at the El Zanjon gold-silver project in Santa Cruz province, Argentina. El Zanjon covers approximately 600 square kilometers near world class mines at Cerro Negro (Newmont-Goldcorp), Cerro Vanguardia (AngloGold Ashanti)... Read more
Bullfrog Gold Summarizes Progress and Drilling Plans at its Nevada Project
Grand Junction, Colorado, Feb. 26, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Bullfrog Gold Corp (BFGC:OTCQB; BFG:CSE; 11B:FSE) (“Bullfrog”, “BFGC” or the “Company”) is pleased to summarize progress during the past year and its plans to drill the highest priority holes in 2020 at the Bullfrog Project (“Project”) located 125 miles NW of Las Vegas, Nevada.     2019 Progress The key event in 2019... Read more
Noram Announces Plans for Phase 5 Drilling of Zeus Lithium Deposit
VANCOUVER, BC / ACCESSWIRE / February 26, 2020 / Noram Ventures Inc. ("Noram") (TSXV:NRM)(Frankfurt:N7R)(OTCPINK:NRVTF) is pleased to announce plans for Phase 5 drilling for the Zeus Lithium Project in Clayton Valley Nevada, following the successful Phase 4 drill program that significantly increased the resources. Phase 4 drilling and earlier results were used for a new resource estimate: 124 million tonnes at 1136 ppm lithium... Read more
Trilogy Metals Announces the 2020 Program and Budgets for the Upper Kobuk Mineral Projects
VANCOUVER, Feb. 26, 2020 /CNW/ - Trilogy Metals Inc. (TSX/NYSE American: TMQ) ("Trilogy" or the "Company") is pleased to announce that Ambler Metals LLC ("Ambler Metals"), the joint venture operating company equally owned by Trilogy and South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) ("South32") has recently approved the 2020 program and budget of $22.8 million for the advancement of the Upper Kobuk Mineral Projects ("UKMP")... Read more
Evrim Resources' Ermitaño Royalty update
VANCOUVER, BC / ACCESSWIRE / February 26, 2020 / (TSX-V:EVM) Evrim Resources Corp. ("Evrim" or the "Company") is pleased to provide an update on the development of the Ermitano gold-silver deposit in Sonora, Mexico. The Ermitano deposit, owned by First Majestic Silver Corp. ("First Majestic"), is located four kilometres from First Majestic's Santa Elena Mine (Figure 1). Evrim holds a 2% net smelter return ("NSR") royalty on Ermitano,... Read more
Fjordland and CanAlaska Announce Agreement to Explore North Thompson Nickel Project
Vancouver, British Columbia--(Newsfile Corp. - February 26, 2020) - Fjordland Exploration Inc. (TSXV: FEX) ("FEX") has executed a non-binding Letter of Intent (LOI) with CanAlaska Uranium Ltd. (CanAlaska) whereby Fjordland has been granted the option to acquire up to an 80% interest in CanAlaska's wholly owned Hunter and Strong properties, part of CanAlaska's North Thompson Nickel project. This large 18,685 ha. claim... Read more
Minera Alamos Receives Shareholder Approval for Final Phase of Santana Project Financing; Outlines Upcoming Conference Participation
Toronto, Ontario and Vancouver, British Columbia--(Newsfile Corp. - February 26, 2020) - Minera Alamos Inc. (TSXV: MAI) ("Minera" or the "Company") is pleased to announce that, at the meeting held on February 20, 2020, its disinterested shareholders overwhelmingly approved the sale to Osisko Gold Royalties ("Osisko") of the Royalty and Optional Royalty, all on the terms and subject to the conditions more fully disclosed in Minera's... Read more
Ceylon Graphite Achieves Excellent Spheronization Results For Sri Lankan Vein Graphite Meeting Lithium Ion Battery Requirements
VANCOUVER, British Columbia, Feb. 26, 2020 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (“Ceylon Graphite” or the “Company”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) is very pleased to announce excellent results of Spheronization test work carried out at an independent facility with vein graphite from our K1 mine. All analyzed parameters of the manufactured spherical graphite product are in the range of typical comparable products.... Read more
Desert Gold Announces C$2.5 Million Non-Brokered Private Placement
Delta, British Columbia--(Newsfile Corp. - February 26, 2020) - Desert Gold Ventures Inc. (TSXV: DAU) (FSE: QXR2) (OTC Pink: DAUGF) ("Desert Gold" or "the Company") announces that, subject to exchange approval, it will conduct a non-brokered private placement of up to 16,666,667 units at a price of CAD $0.15 per unit (the "Unit") to raise up to CAD $2,500,000 (the "Financing"). Each Unit will consist of one common share in the... Read more
Libero Mining Announces C$2 Million Private Placement
VANCOUVER, British Columbia--(BUSINESS WIRE)--Libero Copper & Gold Corporation (TSX-V: LBC, OTCQB: LBCMF) announces a non-brokered private placement consisting of up to 20,000,000 Units (“Unit”) at a price of C$0.10 per Unit for gross proceeds of up to C$2,000,000 (“Offering”). Each Unit consists of one Common Share (“Common Share”) and one Common Share purchase Warrant (“Warrant”). Each Warrant entitles the... Read more
NV Gold to Arrange a Private Placement of up to CDN$750,000
VANCOUVER, BC / ACCESSWIRE / February 26, 2020 / NV Gold Corporation (TSXV:NVX) (OTC:NVGLF) ("NV Gold" or the "Company") is pleased to announce a non-brokered private placement of units of the NV Gold for gross proceeds of up to CDN$750,000 (the "Placement"). "After completing our geological models over the winter on priority projects to advance in 2020, we are pleased to be launching our spring exploration programs in Nevada... Read more
Eastmain Resources Upsizes Previously Announced Private Placement Financing to C$3.0 Million
TORONTO--(BUSINESS WIRE)--Eastmain Resources Inc. (TSX:ER, OTCQB:EANRF) (“Eastmain” or the “Company”) is pleased to announce that it intends to upsize its previously announced non-brokered private placement (the “Offering”) to accommodate demand from shareholders (see news release dated February 20, 2020). The Offering has increased to provide for aggregate gross proceeds of up to $3.0 million, comprised, in part, of... Read more
Alianza Minerals Closes Financing of $1.1 million
VANCOUVER, British Columbia, Feb. 26, 2020 (GLOBE NEWSWIRE) -- Alianza Minerals Ltd. (TSXV: ANZ  OTC: TARSF) (“Alianza” or the “Company”) is pleased to report that the recently announced financing has been closed and a total of $1.1 million raised by the issuance of 22,000,000 units at $0.05 per unit. Jason Weber, President & CEO, noted that “with Alianza’s working capital covered for 2020 and into 2021,... Read more
Deep-South Appoints Paul Smith as Director and Chantelle Collins as CFO and Accept the Resignation of Ryan Cheung and Grant Options
Vancouver, B.C., Canada - TheNewswire - February 26, 2020 - Deep-South Resources Inc. ("Deep- South" or "the Company") (TSXV:DSM) (Frankfurt:DSD) announces that it has appointed Mr. Paul Smith to its Board of Directors and has appointed Ms. Chantelle Collins as Chief Financial Officer ("CFO"). Mr. Ryan Cheung has resigned as Director and CFO. Mr. Smith is currently a Director of Range Mining Consulting and consults to a number... Read more
Warrior Gold Announces Changes to Board of Directors
TORONTO, Feb. 26, 2020 /CNW/ - Warrior Gold Inc. (TSX-V - WAR) ("Warrior Gold" or the "Company") announces the appointment of Steve Burleton, MBA, CFA, ICD.d. as a director of the Company and the resignation of Malcolm Burke effective February 27, 2020.  Malcolm Burke will continue in an active role as an advisor to the Company. Steve Burleton is an experienced mining executive with significant experience in capital raising,... Read more
Westhaven Announces the Appointment of Vice-President Operations
VANCOUVER, British Columbia, Feb. 26, 2020 (GLOBE NEWSWIRE) -- Westhaven Ventures Inc. (TSX-V:WHN) is pleased to announce the appointment of Ryan Fetterley as Vice-President of Operations effective immediately. Mr. Fetterley has over 15 years of experience in the mineral exploration and development industry. He recently acted as the Field Operations Manager for Goldcorp running an 80-person fly-in fly-out camp in the Yukon Territory.... Read more
Canada Nickel Company to Begin Trading on TSX Venture Exchange
TORONTO, Feb. 26, 2020 /CNW/ - Canada Nickel Company Inc. (TSX-V:CNC) ("Canada Nickel" or the "Company") is pleased to announce that its common shares have been approved for listing on the TSX Venture Exchange under the symbol TSX-V:CNC. Canada Nickel expects that its common shares (the "Common Shares") will commence trading effective at the open of markets on February 27, 2020. As announced by Noble Mineral Exploration Inc.... Read more
McEwen Mining Q4 and Year-End 2019 Results Conference Call
TORONTO, Feb. 26, 2020 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) invites you to join our conference call following the release of our Q4 and full year 2019 financial results on Wednesday, March 11th, 2020 at 2:00 p.m. EDT. Participants will have the ability to ask questions following the presentation. Click on the following link to register online for the webcast and add it to your calendar: Click Here... Read more
SEMAFO Provides Notice of Fourth Quarter 2019 Results Release and Conference Call
MONTREAL, Feb. 26, 2020 /CNW Telbec/ - SEMAFO (TSX: SMF) (OMX: SMF) invites you to participate in a conference call on March 4, 2020 at 10:00 AM EST with senior management during which they will review the Corporation's fourth quarter 2019 financial and operational results.  SEMAFO's financial statements and management's discussion and analysis for the fourth quarter 2019 will be released on March 3, 2020 after market... Read more
Fortuna to release fourth quarter and full year 2019 financial results on March 11, 2020; Conference call at 12 p.m. Eastern time on March 12, 2020
VANCOUVER, British Columbia, Feb. 26, 2020 (GLOBE NEWSWIRE) -- Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) announces that it will release its financial statements and MD&A for the fourth quarter and full year 2019 on Wednesday, March 11, 2020 after the market closes. A conference call to discuss the financial and operational results will be held on Thursday, March 12, 2020 at 9:00 a.m. Pacific time | 12:00 p.m. Eastern... Read more
Nouveau Monde Now Producing Spherical Graphite
SAINT-MICHEL-DES-SAINTS, Quebec, Feb. 26, 2020 (GLOBE NEWSWIRE) -- Nouveau Monde Graphite Inc. (“Nouveau Monde” or “NMG”), (TSX.V: NOU; OTCQX: NMGRF; Frankfurt: NM9) has successfully commissioned its demonstration micronization and spheronization line. The first samples of spherical graphite attest to the performance of the secondary transformation process developed by NMG. The successful commissioning of the co... Read more
Puma Exploration Inc. Provides Update on Murray Brook
RIMOUSKI, Quebec, Feb. 26, 2020 (GLOBE NEWSWIRE) -- Puma Exploration Inc. (the “Company” or “Puma”) has terminated the amended and restated asset purchase agreement signed on Oct. 5, 2016, as amended thereafter, with Votorantim Metals Canada (the “Purchase Agreement”). Pursuant to the Purchase Agreement, Puma was granted the right to earn up to 67.86% interest in the Murray Brook Deposit held by Votorantim Metals... Read more
Western Uranium & Vanadium Corp. Provides Company Updates
TORONTO and NUCLA, Colo., Feb. 26, 2020 (GLOBE NEWSWIRE) -- Western Uranium & Vanadium Corp. (CSE:WUC) (OTCQX:WSTRF) (“Western” or ”Company”) is providing the following updates: Sunday Mine Complex Mining UpdateWestern has completed all surface infrastructure project requirements of the Colorado Division of Reclamation Mining and Safety (DRMS) that were provided in response to Western’s Change in Status Information... Read more
CanAlaska Options North Thompson Nickel Project in Manitoba to Fjordland Exploration
18,685 hectares, 25 kilometers from Thompson Nickel Plant; Fjordland to have Staged Option to Earn Up To 80% Interest; Focus on Large Sulphide Nickel Targets with Tier-1 Potential Vancouver, British Columbia--(Newsfile Corp. - February 26, 2020) - CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) ("CanAlaska" or the "Company") is pleased to announce that it has entered into a Letter of Intent ("LOI") with Fjordland... Read more
Goldcliff Resource Corporation: Corporate Update
VANCOUVER, British Columbia, Feb. 26, 2020 (GLOBE NEWSWIRE) -- George Sanders, President of Goldcliff Resource Corporation (“Goldcliff” or the “Company”) (GCN: TSX.V, GCFFF: OTCBB PINKS) reports that Goldcliff recently filed its Annual Audited Financial Statements and Management Discussion and Analysis. The MD&A contains a detailed and chronological account of the activities of the Company during this past, highly... Read more
PPX Announces Closing of First Tranche of Private Placement of Shares
VANCOUVER, BC / ACCESSWIRE / February 26, 2020 / PPX Mining Corp. (TSXV:PPX) (the "Company" or "PPX") is pleased to announce that it has closed the first tranche of the non-brokered private placement (the "Private Placement") previously announced on January 30, 2020 for up to 83,333,334 common shares of the Company (each, a "Share") at a price of CDN$0.06 per Share for gross proceeds of up to CDN$500,000. Pursuant to the closing... Read more
Great Atlantic Summarizes Diamond Drilling Results - Golden Promise Gold Property - Central Newfoundland
VANCOUVER, BC / ACCESSWIRE / February 26, 2020 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (FRANKFURT:PH01) (the "Company" or "Great Atlantic") is pleased to summarize results for the 2019 Phase 1 diamond drilling program at its Golden Promise Gold Property, located within the central Newfoundland gold belt. The drilling program was conducted at the gold bearing Jaclyn Main Zone (JMZ), being part of the Jaclyn Zone. The JMZ is... Read more
Ely Gold Royalties to Attend PDAC and Metals Investor Forum, Toronto
Vancouver, British Columbia--(Newsfile Corp. - February 26, 2020) - Ely Gold Royalties Inc. (TSXV: ELY) (OTCQB: ELYGF) ("Ely Gold" or the "Company") is pleased to announce that it will attend and participate in several events and conferences in the City of Toronto from February 29 to March 4, 2020 including: The Metals Investor Forum ("MIF") - February 29-March 1, 2020, at the Delta Hotel, 75 Lower Simcoe Street, Toronto;The... Read more
RJK Explorations Drilling Update, Appoints Robert Mackay Executive Chairman, Issues Stock Options, Will Be Exhibiting at PDAC
Kirkland Lake, Ontario--(Newsfile Corp. - February 26, 2020) - RJK Explorations Ltd. (TSXV: RJX.A) (OTC: RJKAF) is pleased to announce several Company updates as it continues its Search for the Source of the 800 Carat Nipissing Diamond on its claims located just south of Cobalt, Ontario. Exploration Update The Company is continuing their winter drill program with 3 drill holes - the KON-20-04, 5 and 6 which are testing geophysical... Read more
Emgold Mining Sells Its B.C. Assets to Ximen Mining
VANCOUVER, BC / ACCESSWIRE / February 26, 2020 / Emgold Mining Corporation (TSXV:EMR) (OTC:EGMCF) (FRA:EMLM) ("Emgold" or the "Company") announces it has signed a Property Acquisition Agreement and will sell its Stewart and Rozan Properties, located in British Columbia, to Ximen Mining Corporation (TSXV: XIM, OTCQB: XXMMF, FRA: 1XMA) ("Ximen"). Ximen owns the former producing Kenville Gold Mine located in the Nelson Mining District... Read more
Orford Mining to Attend the Prospectors and Developers of Canada Convention and the Red Cloud Securities Pre-PDAC Showcase
TORONTO, Feb. 26, 2020 /CNW/ - Orford Mining Corporation ("Orford") (TSX-V: ORM) is pleased to announce that it has a booth in the Investors Exchange area at  the Prospectors and Developers of Canada Convention (PDAC), to be held in Toronto, Canada over the March 1-4, 2020 period. The PDAC is the world's leading Convention for people, companies and organizations in mineral exploration. Investors are welcome to... Read more
Avidian Gold to Attend PDAC 2020 & Drilling Update
TORONTO, ON / ACCESSWIRE / February 26, 2020 / Avidian Gold Corp. ("Avidian" or the "Company") (TSX-V:AVG), an exploration Company with key assets in Alaska, Nevada and Newfoundland & Labrador, is pleased to announce its participation at PDAC, the world's premier mineral exploration and mining conference. Prospectors and Developers Association of Canada to be held March 1st to 4th, 2020 at the Metro Toronto Convention... Read more
GSP Resource Corp. Options 60% Interest in Olivine Mountain Project to Full Metal Minerals Ltd.
VANCOUVER, British Columbia, Feb. 26, 2020 (GLOBE NEWSWIRE) -- GSP Resource Corp. (TSX-V: GSPR) (the “Company” or “GSP”) and Full Metal Minerals Ltd. (TSX-V: FMM) (“Full Metal”) have entered into an agreement (the “Agreement”) pursuant to which Full Metal has the option (the "Option") to earn a 60% interest in GSP’s Olivine Mountain property in the Similkameen Mining Division, British Columbia (the “Prope... Read more
Guyana Goldfields Inc. Announces Fourth Quarter 2019 Production and Anticipated Ore Supply Gap
TORONTO, Feb. 25, 2020 /CNW/ - Guyana Goldfields Inc. (TSX:GUY) (the "Company") today announced fourth quarter and full year 2019 production and anticipated ore supply gap. Highlights Q4 2019 gold production of 28,3001 ounces, up 28% from Q3 2019 but down 28% from Q4 2018; 2019 annual production of 124,2001 ounces, down 17% from 2018 Unaudited cash and cash equivalents of US$22.1 million and no debt as of December 31,... Read more
Blackrock Gold Consolidates Western Half of Historic Nevada Silver District with Lease Option to Purchase Tonopah West Project
Press Release Highlights The Tonopah District produced over 174 million ounces of silver and 1.8 million ounces of gold from approximately 7.5 million tonnes of high-grade silver-gold epithermal quartz veins making it one of the most significant silver-gold districts in North America1. Mineralization hosted on adjacent or nearby properties is not necessarily indicative of the mineralization hosted on the Tonopah West Proj... Read more
Fresnillo Exercises Option to Purchase Plata Latina's Naranjillo Property in Mexico
Vancouver, British Columbia--(Newsfile Corp. - February 25, 2020) - Plata Latina Minerals Corporation (TSXV: PLA) ("Plata Latina" or the "Company"), is pleased to announce, through its wholly-owned subsidiary Plaminco S.A. de C.V., that Metalúrgica Reyna S.A. de C.V. ("Reyna"), a wholly owned subsidiary of Fresnillo plc, has formally exercised its option to purchase the Company's Naranjillo Property ("Naranjillo" or the "Property")... Read more
Indigo Exploration Regains Permit in Burkina Faso and Identifies Exploration Target
Vancouver, British Columbia--(Newsfile Corp. - February 25, 2020) - Indigo Exploration Inc. (TSXV: IXI) (FSE: INE) (the "Company") announces that it has regained the Lati permit under a new name Lati 2 in Burkina Faso, West Africa. The 180.5 square kilometre permit lies in central Burkina Faso about 150 km west by road from the capital of Ouagadougou. In 2012, the Company conducted a reverse circulation drill program... Read more
Work Begins at Greencastle’s Jewel Ridge Gold Property, Nevada, USA
TORONTO, Feb. 25, 2020 (GLOBE NEWSWIRE) -- Greencastle Resources Ltd. (“Greencastle" or the “Company") (TSXV: VGN) is pleased to report that Golden Lake Exploration Inc. (CSE “GLM") has begun a ground magnetic survey on Greencastle's Jewel Ridge gold property near Eureka, Nevada, where GLM can earn a 100% interest, subject to certain conditions set out below. The Jewel Ridge property is located on the south end of... Read more
Riverside Resources Announces Spin-Out of Penoles Project
Vancouver, British Columbia--(Newsfile Corp. - February 25, 2020) - Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: R99) ("Riverside" or the "Company"), is pleased to announce that its board of directors has unanimously approved a spin-out of the Peñoles Project, located in Durango, Mexico, to its shareholders by way of a share capital reorganization effected through a statutory plan of arrangement (the "Arrangement").... Read more
Gran Colombia Gold Completes Spin-Off of Marmato Mining Assets; Caldas Gold Expected to Commence Trading on February 28, 2020
TORONTO, Feb. 25, 2020 (GLOBE NEWSWIRE) -- Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) (“Gran Colombia”) is pleased to announce that it has completed the previously announced spin-off of its Marmato Mining Assets (as defined below) through a reverse takeover (“RTO”) transaction completed today with Bluenose Gold Corp. (“Bluenose”). The resulting issuer is named Caldas Gold Corp. (“Caldas Gold”) and, subject... Read more
Telson Mining Corporation Campo Morado Production Update
Vancouver, British Columbia - TheNewswire - February 25, 2020 - Telson Mining Corporation ("Telson" or the "Company" (TSXV:TSN), (OTC:SOHFF), (Frankfurt:TSGN (formerly SQ82)) is pleased to provide an update on operations at the Campo Morado mine since it was brought back into production as of January 26, 2020. Since re-him him initiation of production covering the period January 26, 2020 through to February 22, 2020 the Campo... Read more
Nexus Gold Updates Drill Plans at McKenzie Gold Project, Red Lake, Ontario
Vancouver, Canada / February 25, 2020 / JMN Wire / Nexus Gold Corp. (“Nexus” or the “Company”) (TSX-V: NXS, OTCQB: NXXGF, FSE: N6E) is pleased to update shareholders on the upcoming drill campaign at the 100%-owned McKenzie Gold Project, located in Red Lake, Ontario.  The drill permitting process has been underway and is anticipated to conclude shortly.  Upon confirmation that permits have been received... Read more
New Gold Announces $300 Million Partnership With Ontario Teachers’ Pension Plan at the New Afton Mine Adding Significant Financial Flexibility
TORONTO--(BUSINESS WIRE)--New Gold Inc. (“New Gold” or the “Company”) (TSX and NYSE American: NGD) is pleased to announce that it has entered into a strategic partnership with Ontario Teachers’ Pension Plan (“Ontario Teachers’”). Under the terms of the strategic partnership, Ontario Teachers’ has agreed to acquire a 46.0% free cash flow interest in the New Afton mine (“New Afton”) with an option to convert... Read more
Galway Metals Intersects 10.6 g/t Au Over 47.0m (25.6mTW) South of the Richard Zone; 4.5 g/t Au over 10.8m (5.6mTW) Narrows Gap Between Richard and Jubilee at Clarence Stream
TORONTO, ONTARIO / ACCESSWIRE / February 25, 2020 / Galway Metals Inc. (TSX-V:GWM) (the "Company" or "Galway") is pleased to report assay results from drilling south of the Richard Zone in that area, and between the Richard and Jubilee Zones at the Company's Clarence Stream project in southwest New Brunswick, Canada (Figure 1 and Figure 2). The latest results are highlighted by the following 3 drill holes: Hole 87 intersected... Read more
Corvus Gold Expands Main Zone with 88.4m @ 1.92 g/t Au and Central Intrusive Oxide Zone at Mother Lode Deposit, Nevada
Highlights: ML20-130:  88.4m @ 1.92 g/t Au, including 64m @ 2.27 g/t Au (lost hole in CIZ with 1.98 g/t Au at the bottom) ML20-131:  56.4m @ 1.92 g/t Au (lost hole in CIZ with 4.6m @ 1.43 g/t Au) VANCOUVER, British Columbia, Feb. 25, 2020 (GLOBE NEWSWIRE) -- Corvus Gold Inc. (“Corvus” or the “Company”) - (TSX: KOR, OTCQX: CORVF) announces it has received additional positive results from its ongoing Main... Read more
Osisko Mining: Windfall Results From Discovery 1 Deep Drill Hole
Highly Anomalous Mineralization at Depth 1.04 g/t Au Over 191 metres Including 10.1 g/t Au Over 2.5 metres TORONTO, Feb. 25, 2020 (GLOBE NEWSWIRE) -- Osisko Mining Inc. (OSK: TSX. "Osisko" or the "Corporation") is pleased to provide an update on the Discovery 1 (OSK-W-19-1970) drill hole. Discovery 1 is a 3467 metre drill hole, the longest diamond drill hole in Canada, which successfully intersected the targeted down plunge... Read more
IsoEnergy Intersects 8.5m of 33.9% U3O8, Including 5.0m of 57.1% U3O8 at the Hurricane Zone and Expands Drill Program
VANCOUVER, Feb. 25, 2020 /CNW/ - IsoEnergy Ltd. ("IsoEnergy" or the "Company") (TSXV: ISO; OTCQX: ISENF) is pleased to report chemical assays from two drill holes that intersected strong radioactivity early in the winter drilling program at the Hurricane zone.  The Hurricane zone is a new discovery of high-grade uranium mineralization on the Company's 100% owned Larocque East property (the "Property") in the Eastern... Read more
Renforth Resources Drills 1.25 g/t Au over 7.5m at a Vertical Depth of 330m in a 110m Western Step Out on the Piché Volcanic Mine Vein Sequence at New Alger
All 3 known mine area veins were intersected in this hole, widths up to 16m in the vein package REN-20-38 creates one of the deepest pierce points at New Alger at 360m vertical depth with an interval of 1.84 g/t Au over 1m in Vein #1. REN-20-38 is 300m in from the western property boundary, >700m from the main shaft of the historic Thompson-Cadillac Mine and the current deepest pierce point at 404m vertical depth. REN-20-38... Read more
Cornerstone Capital Resources: Bramaderos Au Cu Project, Ecuador - Latest assays combined with new 3D magnetics point to clusters of higher-grade zones
OTTAWA, Feb. 25, 2020 (GLOBE NEWSWIRE) -- Cornerstone Capital Resources Inc. (“Cornerstone” or “the Company”) (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) is pleased to provide an update on its Bramaderos gold and copper project in southern Ecuador, which it is exploring together with ASX listed Sunstone Metals Inc. under joint venture agreement (see “About Bramaderos”, below). Figures related to this news release can... Read more
GoldON’s Initial Drill Results Return Smoke but No Fire at Slate Falls Gold-Silver Project in Northwestern Ontario
Drilling in 2019 tested two of 18 Au-Ag mineralized zones that have been identified over the 13-km breadth of the property VICTORIA, BC / ACCESSWIRE / February 25, 2020 / GoldON Resources Ltd. (TSXV:GLD) ("GoldON" or the "Company") provides an overview of Phase I drill results from its 100% owned Slate Falls Gold-Silver property (the "Property") located in the Patricia Mining Division between the Red Lake and Pickle Lake Gold... Read more
Amex Exploration Inc. Adds 4th Drill Rig to Perron
2 Rigs Now Dedicated to Eastern Gold Zone Following Excellent Results From Successful Predictive Geological Modelling MONTREAL, CANADA / ACCESSWIRE / February 25, 2020 / Amex Exploration Inc. ("Amex or the Company") (TSX-V: AMX)(FRA: MX0)(OTCQX: AMXEF) is very pleased to announce that it has added a 4th drill rig to its 100% owned Perron gold property located Northwestern Quebec. This rig will be dedicated to exploration drilling... Read more
Northstar Gold Commences Drilling At Miller Gold Property, Kirkland Lake District, Ontario
Vancouver, B.C. - TheNewswire - February 25, 2020 - Northstar Gold Corp. (CSE:NSG) (CNSX:NSG.CN) ("Northstar" or the "Company"), a newly listed resource company announces that diamond drilling has commenced at the Company's 100%-owned Miller Gold Property, situated 18 km southeast of the town of Kirkland Lake and Kirkland Lake Gold's Macassa gold mine. The Company has engaged Major Drilling Group International Inc. to complete... Read more
Generation Mining discovers high density seismic target beneath Sally Palladium-Copper Deposit
TORONTO, Feb. 25, 2020 (GLOBE NEWSWIRE) -- Generation Mining Limited (CSE:GENM) (“Gen Mining” or the “Company”) is pleased to announce the discovery of a large, high velocity seismic anomaly that extends at depth from the Sally Deposit. The anomaly continues into the Archean footwall which constitutes a previously unexplored area for platinum group elements (“PGE”) and copper mineralization. The velocity anomaly when... Read more
ATAC Resources Options East Goldfield Property, Nevada
VANCOUVER, Feb. 25, 2020 /CNW/ - ATAC Resources Ltd. (TSX-V:ATC) ("ATAC") is pleased to announce that it has optioned the ~600 hectare East Goldfield Property (the "Property") from Silver Range Resources Ltd. ("Silver Range"). The Property is located in the Goldfield Mining District (historic production of 4.2 million ounces at 18.55 g/t gold), ~8 km east of Waterton Global Resource Management's development stage Gemfield project... Read more
Taku Gold Trenches 17.5 m of 1.9 g/t Gold; Identifies New Controls to Mineralization at the Rosebute Project in the White Gold District, Yukon
VANCOUVER, British Columbia, Feb. 25, 2020 (GLOBE NEWSWIRE) -- Taku Gold Corp. (CSE: TAK; OTC: TAKUF) (“Taku” or the “Company”) is pleased to announce positive results from a trenching program completed at its Rosebute Project, located  4 km north, and along trend, of White Gold Corp’s recent Titan discovery in the White Gold district, Yukon (See Figure 1). Highlights of the program include trench 2019-11... Read more
EMX Royalty Acquires a Royalty Interest on the Kaukua Palladium Project in Finland
Vancouver, British Columbia--(Newsfile Corp. - February 25, 2020) - EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (the "Company" or "EMX") is pleased to announce the acquisition of a 2% Net Smelter Returns ("NSR") royalty on various exploration licenses totaling just over 1,000 hectares (the "Kaukua Royalty") in Finland from Akkerman Exploration B.V., a private Netherlands company ("Akkerman"). The Kaukua Royalty licenses... Read more
Osino Resources Identifies Bedrock Gold Anomalies in New Prospects at Otjikoto East and Etekero, Namibia
VANCOUVER, British Columbia, Feb. 25, 2020 (GLOBE NEWSWIRE) -- Osino Resources Corp. (TSXV: OSI) (FSE: RSR1) ("Osino” or “the Company”), is pleased to announce bedrock percussion drill assay results for the Otjikoto East and Etekero licenses, with drilling having been concluded in late 2019. Otjikoto East and Etekero are adjacent to B2Gold’s license areas in northern Namibia, respectively 30km’s east and 80km’s southwest... Read more
Purepoint Uranium Group Inc.: Hook Lake JV 2020 Exploration Program Update
TORONTO, Feb. 25, 2020 /CNW/ - Purepoint Uranium Group Inc. (TSXV: PTU) ("Purepoint" or the "Company") today provided an update of this winter's exploration program at the Hook Lake Project, a joint venture between Cameco Corporation (39.5%), Orano Canada Inc. (39.5%) and Purepoint (21%) in the Patterson Uranium District, Saskatchewan Canada. The Hook Lake Project lies on the southwestern edge of Saskatchewan's Athabasca... Read more

Banro Identifies New Gold Mineralized Zone and Provides Updates on Exploration Drilling Program at Namoya

TORONTO, ONTARIO--(Marketwired - March 29, 2017) - Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) is pleased to announce the discovery of a new mineralized zone and to provide updates on its ongoing near-mine reverse circulation (RC) drilling program at its Namoya gold mine.

Commenting on these results, Banro President and CEO, John Clarke said, "We are excited by these significant intersections coming from the Namoya Summit Hanging Wall Zone and the Bulawayo Prospects. These intersections occur in similar geological settings to adjacent deposits and offer a good opportunity to replenish and grow our resources and reserves. We plan to carefully evaluate these zones of mineralization and update our year-end (2016) mineral resources and reserves."

Interim Program Update

The current exploration drilling program at Namoya commenced in August 2016. The priorities were to grow Namoya's mineral resources in the short term and to test new targets. In summary, the work focused on:

  • Delineation and infill drilling of the recently discovered Namoya Summit Hanging Wall Zone (see Banro press release of February 24, 2016).
  • Evaluation of the in-pit Inferred Mineral Resource for conversion into a higher confidence category for inclusion in the mining blocks at the Kakula and Muviringu deposits.
  • Exploration drilling at the Bulawayo and Seketi targets, which led to the discovery of new zones of mineralization.

Following the said February 24, 2016 press release, 60 RC holes totaling 4,592 metres were drilled. An update of the interim drilling program is provided below.

Namoya Summit Hanging Wall Zone

RC drilling at the Namoya Summit Hanging Wall Zone continued to define the mineralization zones and is assisting with the definition of the resource. From August 2016, when drilling resumed at Namoya (and after the last news release on the Namoya Summit Hanging Wall Zone), 19 RC holes totaling 1,765.00 metres were drilled at the Namoya Summit Hanging Wall Zone. Overall, 30 RC holes totaling 2,626 metres were drilled at the hanging wall zone. Some of the significant intersections from the current program include the following:

  • Hole NRC180 intersected 3.00 metres grading 2.90 g/t Au from 50.00 metres and 2.00 metres grading 3.39 g/t Au from 72 metres,
  • Hole NRC181 intersected 26.00 metres grading 1.21 g/t Au from 55.00 metres,
  • Hole NRC183 intersected 11.00 metres grading 4.73 g/t Au from 17.00 metres,
  • Hole NRC185 intersected 4.00 metres grading 1.85 g/t Au from 38.00 metres,
  • Hole NRC193 intersected 4.00 metres grading 1.76 g/t Au from 66.00 metres and 6.00 metres grading 2.02 g/t Au from 102.00 metres,
  • Hole NRC195 intersected 4.00 metres grading 2.62 g/t Au from 101.00 metres,
  • Hole NRC196 intersected 2.00 metres grading 5.05 g/t Au from 14.00 metres, 5.00 metres grading 21.05 g/t Au from 29.00 metres, 6.00 metres grading 1.88 g/t Au from 67.00 metres and 7.00 metres grading 1.45 g/t Au from 79.00 metres.

Locality Map of Reported Drill Holes

Bulawayo and Seketi Exploration Drilling

Exploration drilling at the Bulawayo and Seketi targets led to the discovery of new zones of bedrock mineralization from previous auger drilling intersections. Seventeen (17) RC holes totaling 1,215 metres were drilled at the Bulawayo target and 7 RC holes totaling 502 metres were drilled at the Seketi target.

The Bulawayo prospect is located approximately 100 metres south of the Mwendamboko deposit, and is considered as a footwall zone of mineralization extending from the Muviringu deposit to the west. The Seketi prospect is located approximately 700 metres south of the Mwendamboko deposit. Significant intersections from the initial RC drilling program at Bulawayo and Seketi include the following:

  • Hole NRC149 intersected 29.00 metres grading 1.80 g/t Au from 17.00 metres,
  • Hole NRC157 intersected 3.00 metres grading 2.23 g/t Au from 58.00 metres,
  • HoleNRC158 intersected 7.00 metres grading 4.91 g/t Au from 30.00 metres,
  • Hole NRC159 intersected 11.00 metres grading 4.37 g/t Au from 0.00 metres,
  • Hole NRC163 intersected 3.00 metres grading 4.46 g/t Au from 0.00 metres,
  • Hole NRC159B intersected 11.00 metres grading 1.79 g/t Au from 0.00 metres,
  • Hole NRC164 intersected 5.00 metres grading 2.13 g/t Au from 56.00 metres,
  • Hole NRC168 intersected 11.00 metres grading 2.01 g/t Au from 43.00 metres,
  • Hole NRC169 intersected 18.00 metres grading 1.62 g/t Au from 0.00 metres and 15.00 metres grading 2.23 g/t Au from 56.00 metres,
  • Hole NRC176 intersected 5.00 metres grading 2.09 g/t Au from 37.00 metres.

Locality Map of Reported Drill Holes

In-pit Resource Conversion Drilling

In-pit RC drilling at the Kakula and Muviringu deposits targeted zones with a paucity of information, categorised as inferred blocks and not accounted for as mineral reserve. The aim was to convert those zones to the Indicated Resource category for inclusion in the mine plan. Five (5) RC holes totaling 354 metres were drilled at Muviringu while 12 RC holes totaling 756 metres were drilled in the Kakula pit.

Significant mineralization intersections from the program include the following:

  • Hole NRC139 intersected 16.00 metres grading 3.00 g/t Au from 6.00 metres,
  • Hole NRC142 intersected 6.00 metres grading 1.61 g/t Au from 2.00 metres, 2.00 metres grading 5.36 g/t Au from 13.00 metres,
  • Hole NRC150 intersected 12.00 metres grading 1.98 g/t Au from 48.00 metres and 21.00 metres grading 1.63 g/t Au from 67.00 metres,
  • Hole NRC151 intersected 8.00 metres grading 1.78 g/t Au from 71.00 metres,
  • Hole NRC153 intersected 6.00 metres grading 1.13 g/t Au from 89.00 metres.
  • Hole NRC155 intersected 6.00 metres grading 2.11 g/t Au from 0.00 metres, and 7.00 metres grading 4.60 g/t Au from 46.00 metres.

Drilling inclinations ranged from -52° to -76° with the majority of holes inclined at -60°. RC holes were planned in fences spaced around 40 metres at Bulawayo and Seketi, while the Kakula, Muviringu and Namoya Summit Hanging Wall drilling used fences ranging from 15-40 metres. Drill azimuth was towards the 225° at the Namoya Summit, Kakula and Muviringu deposits and Bulawayo prospect. At Seketi, drilling was oriented at an azimuth of 45°. It is estimated that the true width of mineralization is approximately 85% of the mineralization intersections in the drill holes.

Results From RC Holes

All RC samples for assaying were taken consistently at one-metre intervals and were riffle split with one-half of the sample placed in sealed bags and sent to the Company's on-site sample preparation facility. The samples were then pulverised down to 90% passing 75 microns. Approximately 150 grams of the pulverised sample was then sent to the on-site SGS Laboratory (independent of the Company) where the samples were analysed for gold by fire assay using a 50 gram charge. As part of the Company's QA/QC procedures, reflecting internationally recognized standards, duplicates and blanks were inserted into the sample batches.

The RC drilling program is continuing and is intended to further define the Namoya Summit Hanging Wall mineralization zone, infill and define the Bulawayo and Seketi mineralization and complete in-pit resource conversion work at the Muviringu deposit. In the new resource targets, some diamond drilling to test deeper extensions of mineralization and provide structural control information will be undertaken using an in-house drill rig. The program will be planned using ongoing drilling information to allow for optimal evaluation.

The recently discovered Namoya Summit Hanging Wall Zone has been defined for approximately 700 metres along strike by auger drilling and recent 2015-2016 RC drilling. Two well defined zones occur in the northwest and southwest separated by a gap of information approximately 200 metres wide. The northwestern and southwestern zones each measure approximately 250 metres on strike and comprise two parallel mineralization zones dipping moderately to the northeast.

The Bulawayo prospect was discovered during a detailed auger drilling program of the area south of the Mwendamboko deposit, and immediately southeast of the Muviringu deposit. Previously, mineralization in the area was attributed to a regolith horizon of unconsolidated gravels and boulders, approximately 4.00 to 7.00 metres deep, forming the "mushroom" near surface expression over the Mwendamboko and Muviringu deposits. Auger mineralization intersections into bedrock below this zone prompted a review and planning of drilling in the prospect. Current work has demonstrated a NNW-SSE trending zone of mineralization that measures about 300 metres on strike by up to 100 metres in width, and indicates that the regolith mineralization occurrence is partly localized and not transported from the main Mwendamboko deposit.

The Seketi prospect is located approximately 700 metres south of Mwendamboko. The current focus of drilling is in the western part of the Seketi prospect, where follow-up auger drilling over gold in soil anomalies delineated an approximately 250 metre-long zone along strike by up to 70 metres in width. The area is an extension of the main Seketi mineralization zone where the current pit exists and the northern zone of the prospect which extends northwest towards the Bulawayo prospect. Geological interpretation defines an anticlinal feature between Bulawayo and the Seketi West area, with the Bulawayo metasediments generally dipping towards the northeast while at Seketi, the prominent dip is towards the southwest.

Qualified Person

The drilling results disclosed in this press release have been reviewed, verified (including sampling, analytical and test data) and compiled by the Company's geological staff based in Bukavu, Democratic Republic of the Congo ("DRC"), under the supervision of Daniel K. Bansah, who is a Member and Chartered Professional of The Australasian Institute of Mining and Metallurgy (MAusIMM(CP)), the Company's Head of Projects and Operations, and a "qualified person" (as such term is defined in National Instrument 43-101). Mr. Bansah has reviewed and approved this press release.

Banro Corporation is a Canadian gold mining company focused on production from the Twangiza mine, which began commercial production September 1, 2012, and on production at its second gold mine at Namoya, where commercial production was declared effective January 1, 2016. The Company's longer term objectives include the development of two additional major, wholly-owned gold projects, Lugushwa and Kamituga. The four projects, each of which has a mining license, are located along the 210 kilometre long Twangiza-Namoya gold belt in the South Kivu and Maniema provinces of the DRC. All business activities are followed in a socially and environmentally responsible manner.

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Kincora Copper

Kincora Copper

Kincora Copper is an active explorer and project generator focused on making the next globally significant copper-gold discovery. The Company has assembled an industry leading technical team with district scale projects and scale-able drill-ready targets in both Australia and Mongolia's leading porphyry belts. Kincora's technical team is credited with multiple discoveries of Tier 1 copper assets and in June 2019 the Company completed an oversubscribed $6.25m offering... LEARN MORE

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