Prophecy’s First Pulacayo Step-Out Drill Hole Intercepts 10 Meter Mineralization Grading 147 g/t Silver, 9.8% Zinc, and 2.0% Lead (539 g/t AgEq) within 35.5 Meter Mineralization Grading 230 g/t AgEq, Starting 31.5 Meters Downhole
VANCOUVER, BC / ACCESSWIRE / January 21, 2020 / Prophecy Development Corp. ("Prophecy" or the "Company") (TSX:PCY)(OTCQX:PRPCF)(Frankfurt:1P2N) is pleased to announce the first step-out diamond drilling results from its 100%-controlled Pulacayo silver project in the Potosi department of Bolivia. Borehole PUD 267 intercepted 10 meters of mineralization grading 147 g/t silver, 9.8% zinc, and 2.0% lead (539 g/t AgEq) within 35.5... Read more
FireFox Gold Completes Recon Drill Program at Jeesiö Gold Project, Finland
VANCOUVER, Jan. 21, 2020 /CNW/ - FireFox Gold Corp. (TSX-V: FFOX) ("FireFox" or the "Company") is pleased to report that it has completed a three-hole (446 metres), reconnaissance drilling program at the Utsamo Target area within its 100% owned Jeesiö Gold Project in the Central Lapland Greenstone Belt, Finland. The drilling tested 180 metres of strike within a five-kilometre corridor of complex faults and shears that are believed... Read more
B2Gold Corp. Announces Positive Results from the Updated Preliminary Economic Assessment for the Gramalote Project in Colombia and Assumes Role of Manager of the Gramalote Joint Venture
VANCOUVER, Jan. 21, 2020 /CNW/ - B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) ("B2Gold" or the "Company") is pleased to announce positive results from the Updated  Preliminary Economic Assessment ("PEA") for the Gramalote Ridge deposit ("Gramalote Ridge") at the Gramalote gold project in Colombia (the "Gramalote Project"), a joint venture between B2Gold and AngloGold Ashanti Ltd ("AGA"). B2Gold assumed... Read more
K92 Mining Inc. Provides Operations and Stage 2 Expansion Update
Stage 2 Expansion from 200,000 tpa to 400,000 tpa continues to progress well. Key equipment received in late-2019, including new production long hole drill, 17t-bucket underground LHD loader, twin boom autodrill development jumbo and integrated emulsion charging unit.  Arrival of the production long hole drill marks the beginning of Kainantu’s transition from an exclusively cut and fill mine to a high-productivity,... Read more
First Majestic Silver Announces 2020 Production and Cost Guidance
VANCOUVER, British Columbia, Jan. 21, 2020 (GLOBE NEWSWIRE) -- First Majestic Silver Corp. ("First Majestic" or the "Company") is pleased to announce the Company’s 2020 production and cost guidance including capital investments and future growth initiatives. All amounts are in U.S. dollars unless stated otherwise.     “For 2020, our focus remains on adopting new innovation projects to modernize our processing... Read more
Lithium Americas Receives Notice of Intent for the Thacker Pass Lithium Project
VANCOUVER, British Columbia, Jan. 21, 2020 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) ("Lithium Americas" or the "Company") is pleased to announce the publication of the Notice of Intent (“NOI”) to prepare an Environmental Impact Statement (“EIS”) for the Thacker Pass lithium claystone project (“Thacker Pass” or the “Project”) located in northwestern Nevada.  Thacker Pass is 100% owned... Read more
Lumina Gold Announces Improved Flowsheet For Cangrejos
VANCOUVER, British Columbia, Jan. 21, 2020 (GLOBE NEWSWIRE) -- Lumina Gold Corp. (TSXV: LUM) (OTCQX: LMGDF) (the “Company” or “Lumina”) is pleased to announce that it has completed two trade off studies that will help form the basis of its updated Preliminary Economic Assessment (the “PEA”). The first study evaluated the addition of secondary crushing and high-pressure grinding rolls (“HPGR”) to replace the s... Read more
Probe Metals Makes New Discoveries North and South of the Pascalis Gold Trend at Val-d’Or East, Quebec
Highlights: New, near surface discovery close to North and Highway deposit grading 9.8 g/t Au over 5.5 metres in a larger interval grading 3.5 g/t Au over 22.7 metres located 300 metres north of the North deposit and 300 metres east of the Highway deposit gold resources. Second near surface discovery made close to New Beliveau deposit grading 1.1 g/t Au over 30.7 metres located 150 metres east of the southern end of the New... Read more
Group Ten Drills 399 Meters of Continuous Palladium, Platinum, Gold, Nickel, Copper and Cobalt Mineralization from Surface in the Camp Target Area at Stillwater West
VANCOUVER, BC / ACCESSWIRE / January 21, 2020 / Group Ten Metals Inc. (TSX.V: PGE; US OTC: PGEZF; FSE: 5D32) (the "Company" or "Group Ten") is pleased to announce 2019 drill results from the Camp target area of the Company's flagship Stillwater West PGE-Ni-Cu project in Montana, USA. This is the second in a series of planned news releases to report results of 2019 exploration programs which focused on the advancement of drill-defined... Read more
AEX Gold: Drilling Intersection Extends known Mineralization at Nalunaq
TORONTO, ON / ACCESSWIRE / January 21, 2020 / AEX Gold Inc. is pleased to provide an update on the Corporation's 2019 drilling program on its 100% owned Nalunaq license in South Greenland. New Main Vein intersections in an area down-dip of historic workings in the past producing Nalunaq Mine supports the exploration target described in the project's technical report entitled "An Independent Technical Report on the Nalunaq Gold... Read more
Renforth Discovers New Gold Bearing Zones in Unexplored Cadillac Break at Wholly Owned New Alger Property, Cadillac Mining Camp, Quebec
PICKERING, ON / ACCESSWIRE / January 21, 2020 / Renforth Resources Inc. (CSE:RFR) (OTCPink:RFHRF) ("Renforth" or the "Company") is pleased to report on the discovery of new gold bearing zones within unexplored areas of the Cadillac Break and successful results in the first drill program on the Discovery Veins, both on Renforth's wholly owned New Alger property, located on 1.4 kms of the Cadillac Break in the Cadillac Mining Camp,... Read more
Mexican Gold Announces Drill Results From the Las Minas Project and Provides a Corporate Update
VANCOUVER, British Columbia, Jan. 21, 2020 (GLOBE NEWSWIRE) -- Mexican Gold Corp. (the “Company” or “Mexican Gold") (TSXV: MEX) is pleased to announce the results from its recent drill program at the Las Minas project in Veracruz, Mexico.  The objectives of the diamond drilling program included: infill drilling at El Dorado, the extension of the Cinco Senores zone, initial drill testing of the Pueblo Nuevo prospect,... Read more
Cornerstone Capital Resources: Bramaderos Main Assays Extend Strike Length of Mineralization to 650m
OTTAWA, Jan. 21, 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 (Figure 1), which it is exploring together with ASX listed Sunstone Metals Inc. under a farm-in agreement (see “About Bramaderos”, below). Figures related to this news release... Read more
General Moly Achievements in 2019 Pave the Way for Expanded Strategic Alternatives Effort, Coinciding with Promising Moly Market Outlook
LAKEWOOD, CO / ACCESSWIRE / January 21, 2020 / General Moly, Inc. (General Moly or the "Company") (NYSE American and TSX: GMO), the only western-exchange listed, pure-play molybdenum ("moly") mineral development company, announced that the Company will enter the next phase of its evaluation of strategic alternatives. This initiative will be supported by the backdrop of a positive molybdenum ("moly") market outlook and by the... Read more
Prime Mining Reports Up To 30 Metres at 3.9 gpt Gold and 40 gpt Silver Between Zapote North and South at Los Reyes
Trench Sampling Suggests Area Between Zapote North and South Can Potentially Merge Two Planned Pits VANCOUVER, British Columbia, Jan. 21, 2020 (GLOBE NEWSWIRE) -- Andrew Bowering, CEO of Prime Mining Corp. (TSX.V:PRYM) (OTCQB: EPWMF) (Frankfurt:04V3) (“Prime” or the “Company”) announced today that results from new trenches and road cuts in the Company’s ongoing surface exploration program show mineralized areas... Read more
Max Resource Expands Footprint with 1.4 km Stratabound Copper-Silver Horizon Discovery Open in Both Directions
Vancouver, British Columbia--(Newsfile Corp. - January 21, 2020) - MAX RESOURCE CORP. (TSXV: MXR) (OTC Pink: MXROF) (FSE: M1D2) ("Max" or the "Company") is pleased to report an entirely new discovery, called the AM Horizon, a NE-SW stratabound copper-silver horizon in excess of 1.4 km, which appears to continue under cover in both directions. The mineralized system dips approximately 40 degrees to the NW on the Company's 100%... Read more
Palladium One Reports Prospecting Samples of up to 0.74% Ni, 4.09% Cu and 2.51g/t PGE on the Tyko Ni-Cu-PGE Property, Canada
Vancouver, British Columbia--(Newsfile Corp. - January 21, 2020) - Palladium One Mining Inc. (TSXV: PDM) (FSE: 7N11) (OTC: NKORF) (the "Company" or "Palladium One") is pleased to report prospecting samples with assay results of up to 0.74% Ni, 4.09% Cu and 2.51g/t PGE on the Tyko Nickel-Copper-PGE Property, located near Marathon, Ontario, Canada. The Fall 2019 exploration program was designed to extend known mineralized zones... Read more
Silver Range Resources Stakes East Goldfield Property
VANCOUVER, BC / ACCESSWIRE / January 21, 2020 / Silver Range Resources Ltd. (TSXV:SNG) ("Silver Range") announces that is has staked the East Goldfield Property in the Goldfield Mining District. The East Goldfield Property is located 12 kilometres east of Goldfield, adjacent to claims comprising the Gemfield Project, currently being developed by a subsidiary of Waterton Global Resource Management. Nearby deposits include the... Read more
Mineral Mountain Resources Ltd. - Significant New Gold Target Identified at Standby Project Black Hills, South Dakota, U.S.A.
Highlights: Recent drilling on Standby Target continues to intersect and define intense hydrothermal alteration including complex brecciated quartz veining and Homestake-style mineralization over down hole intervals of up to 259 meters (802 feet) 2 holes completed, a third hole ST20-012, designed to undercut ST19-011B is in progress Over 200 core samples have been submitted to the lab for analysis Analytical results will... Read more
Harfang Generates the Kali Property Near Azimut’s Patwon Gold Discovery Following Claim Acquisition (James Bay, Québec)
MONTREAL, Jan. 21, 2020 (GLOBE NEWSWIRE) -- Harfang Exploration Inc. (“Harfang”) (TSX-V: HAR) is pleased to announce the generation of the new Kali Property (the “Property”) in the vicinity of Azimut Exploration’s Patwon gold discovery (James Bay, Québec) (Figure 1). The Property is made up of 194 mineral claims (10,232 ha) entirely owned by Harfang. The Property covers significant grounds along the Middle and... Read more
Rio Tinto Exploration Canada Inc. Receives Permit to Construct Winter Trail Access & Work Camp at Forum's Janice Lake Copper Exploration Project, Saskatchewan
VANCOUVER, Jan. 21, 2020 /CNW/ - Forum Energy Metals Corp. (TSX.V: FMC) ("Forum" or "the Company") is pleased to announce that Rio Tinto Exploration Canada Inc. ("RTEC") has advised the Company that permits to construct a 99 km winter access trail and installation of a temporary 65-80 person capacity work camp to support drilling and mineral exploration at Forum's Janice Lake copper project in 2020 and 2021, has been granted... Read more
Uranium Royalty Corp. Receives $2.65 Million Cash Repayment Under Laramide Promissory Note, Invited to Close the Toronto Stock Exchange Market
VANCOUVER, Jan. 21, 2020 /CNW/ - Uranium Royalty Corp. (TSX-V: URC) ("URC" or the "Company") is pleased to announce that its wholly-owned subsidiary has received C$2.65 million (US$2.03 million) from Laramide Resources Ltd. as full repayment of principal and interest under a promissory note (the "Note"). The Note was acquired by the Company pursuant to a strategic transaction with Westwater Resources, Inc. in August 2019,... Read more
Auryn Resources to Raise $10 Million and to Amend Bridge Loan
VANCOUVER, BC / ACCESSWIRE / January 21, 2020 / Auryn Resources Inc. (TSX:AUG)(NYSE American:AUG) ("Auryn" or the "Company) is pleased to announce that it has arranged a CAD $10 million non-brokered private placement. The placement will consist of approximately 6.3 million common shares (the "Shares") priced at CAD$1.60 per Share to be issued to accredited investors in Canada and overseas. In conjunction with the equity placement,... Read more
CanAlaska Announces Second Tranche Closing of Private Placement Financing
Vancouver, British Columbia--(Newsfile Corp. - January 21, 2020) - CanAlaska Uranium Ltd. (TSXV: CVV) (FSE: DH7N) ("CanAlaska" or the "Company") announces that it has now completed the second and final tranche (the "Second Tranche") of its non-brokered private placement (the "Offering") previously announced on December 6, 2019. Under the Second Tranche, the Company has issued 3,826,250 non flow-through units for gross proceeds... Read more
Avidian Gold Announces Appointment of New President
TORONTO, ON / ACCESSWIRE / January 21, 2020 / Mr. David Anderson, Chairman and CEO of Avidian Gold Corp. ("Avidian" or the "Company") (TSX-V: AVG), is pleased to announce the appointment of Steve Roebuck as President, effective immediately. Mr. Roebuck is a professional geologist who has worked with Canadian and International publicly listed resource companies for the past 25 years. Mr. Roebuck has been with the Company since... Read more
Sable Resources Ltd - Announces Appointment of Jonathan Rubenstein as a Director
VANCOUVER, Jan. 21, 2020 /CNW/ - Sable Resources Ltd. ("Sable" or the "Company") (TSXV: SAE) is pleased to announce the appointment of Jonathan Rubenstein to the Board of Directors effective immediately. Mr. Rubenstein has served on numerous junior and major mining company boards during the last 38 years and has been actively engaged in the strategic, commercial, governance and government relations aspects affecting the acquisition,... Read more
Troilus Welcomes Dr. John Hadjigeorgiou and Dr. Eric Lamontagne to the Board of Directors
TORONTO, Jan. 21, 2020 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (TSX: TLG; OTCQB: CHXMF) (“Troilus” or the “Company”) is pleased to announce the appointments of Dr. Eric Lamontagne and Dr. John Hadjigeorgiou to its board of directors, effective immediately. Justin Reid, CEO of Troilus, commented, “I am pleased to welcome Dr. Hadjigeorgiou and Dr. Lamontagne to our Board.  As Troilus moves into the next phase of... Read more
First Quantum Provides Notice of Third Quarter Results Release
TORONTO, Jan. 21, 2020 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“the Company”) (TSX:FM) will release fourth quarter and full year 2019 financial and operating results on Thursday February 13, 2020 after the close of the Toronto Stock Exchange. The Company will host a conference call and webcast to discuss the results on Friday February 14, 2020 at 9:00 am (EST). Conference call and webcast details are as fo... Read more
Talisker Announces Change of Auditor
TORONTO, Jan. 21, 2020 /CNW/ - Talisker Resources Ltd. ("Talisker" or the "Company") (CSE:TSK | OTCQB:TSKFF) announces that it has changed its auditors from BDO Canada LLP ("Former Auditor") to PricewaterhouseCoopers LLP ("Successor Auditor").  The Former Auditor resigned as the auditor of the Company effective January 10, 2020 and the board of directors of the Company appointed the Successor Auditor effective as of... Read more
Emgold Mining Corporation Provides Corporate Update and Outlines Plans for 2020
VANCOUVER, BC / ACCESSWIRE / January 21, 2020 / Emgold Mining Corporation (TSXV:EMR) ("Emgold" or the "Company") is pleased to provide the following corporate update and plans for the fiscal year 2020. 2019 Highlights Emgold's business strategy is to search for strategic acquisitions in a "buyer's market", add value to those assets through exploration, and look for opportunities to monetize these assets through sale, joint... Read more
Amarillo at the PDAC and Corporate Update
TORONTO, Jan. 21, 2020 (GLOBE NEWSWIRE) -- Amarillo Gold Corp. (“Amarillo” or the “Company”) (TSXV: AGC) (OTCQB:AGCBF) cordially invites you to visit our senior management at the 2020 Prospectors and Developers Association of Canada (PDAC) conference. We look forward to this opportunity to provide shareholders and other interested parties with an update on our current activities and future plans. Corporate... Read more
Macarthur Minerals advances its financing strategy for the Lake Giles Iron Project and appoints New York based EAS Advisors
VANCOUVER, British Columbia, Jan. 21, 2020 (GLOBE NEWSWIRE) -- Macarthur Minerals Limited (TSX-V: MMS) (ASX: MIO) (the “Company” or “Macarthur”) has appointed New York-based EAS Advisors as its corporate advisor to assist it in the financing strategy for its Lake Giles Iron Project. Founded by Edward Sugar in 2008, EAS is a boutique global advisory firm focused on backing early stage mining and industrial groups to access... Read more
Benton Receives First Anniversary Option Payment from Rio Tinto for Baril Lake Project
Thunder Bay, Ontario--(Newsfile Corp. - January 21, 2020) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce that the Company has received its first anniversary option payment of $25,000 from Rio Tinto Exploration Canada ("RTEC") for Baril Lake project (see PR dated January 2, 2019). The Baril Lake project is situated approximately 4km west of Benton's Bark Lake project, also under option to... Read more
Cantex Clarifies SEDI Filings
KELOWNA, BC, Jan. 21, 2020 /CNW/ - Cantex Mine Development Corp. (CD: TSXV) (the "Company") wishes to clarify recent SEDI filings related to the Company. Cantex announces that it has been advised that, contrary to recent SEDI filings, neither Dr. Charles Fipke, Chairman of the Company, nor any entity associated with him, has sold any shares of Cantex. The recently reported dispositions were all Christmas gifts of shares to family... Read more
Spearmint Resources Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - January 21, 2020) - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the "Company") is pleased to provide a corporate update as the Company enters 2020. Spearmint looks forward to an active year ahead and is currently formulating plans to commence work programs on multiple projects in Quebec, BC & the USA. At a time when gold prices have recently reached... Read more
Continental Gold Named to 2020 OTCQX Best 50
TORONTO, Jan. 21, 2020 /CNW/ - Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) ("Continental" or the "Company") is pleased to announce it has been named to the 2020 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year. Ari Sussman, Chief Executive Officer of Continental, stated: "We are proud to receive this distinction of being ranked in the top five of the top 50 performing companies... Read more
Wallbridge Drilling Starting to Outline Open Pit Potential in Area 51
TORONTO, Jan. 20, 2020 /CNW/ - Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) ("Wallbridge" or the "Company") is pleased to announce that in addition to recent high-grade results in the Lower Tabasco Zone (see Wallbridge Press Release dated January 06, 2020), the ongoing exploration drilling has also intersected wide zones of gold mineralization showing bulk mining potential in Area 51 on its 100%-owned Fenelon... Read more
Marathon Gold Reports Positive Mineral Resource Update for the Valentine Gold Project
TORONTO, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is pleased to report an updated Mineral Resource Estimate for the Valentine Gold Project (the “Project”) in central Newfoundland following the 2019 in-fill drill program at the Leprechaun and Marathon Deposits. Highlights are as follows: Measured & Indicated (“M&I”) Mineral Resources of 3.09... Read more
Orsu Metals Announces an Updated Inferred Mineral Resource at Its Sergeevskoe Gold Project, Russia
VANCOUVER, BC / ACCESSWIRE / January 20, 2020 / Orsu Metals Corporation (TSXV:OSU) ("Orsu" or the "Company") is pleased to announce the results of an updated Mineral Resource estimate for its Sergeevskoe Gold Project in Zabaikalsky Krai, Russia. The Mineral Resource estimate was independently prepared by Wardell Armstrong International Ltd. ("WAI") in accordance with the guidelines of the JORC Code (2012)/CIM Definitions Standards... Read more
TMAC Resources Announces Q4 2019 Operating Results
TORONTO--(BUSINESS WIRE)--TMAC Resources Inc. (TSX:TMR) (“TMAC” or the “Company”) reports fourth quarter 2019 results for production and certain operating metrics. FOURTH QUARTER 2019 PRODUCTION SUMMARY Production: 24,650 ounces of gold produced Sales: 24,650 ounces of gold sold Mining: 1,560 tonnes per day (“tpd”), with a grade of 7.0 g/t Au Processing: 1,440 tpd, with a feed grade of 7.1 g/t Au, and 82% re... Read more
TMAC Resources Announces Strategic Review Process
TORONTO--(BUSINESS WIRE)--TMAC Resources Inc. (TSX: TMR) (“TMAC” or the “Company”) announces it has initiated a strategic process to explore, review and evaluate a broad range of potential alternatives focused on maximizing shareholder value, including a potential sale or merger of the Company, joint venture of the Hope Bay mine, introduction of a new significant strategic shareholder or various long-term financing alt... Read more
Amerigo Resources Reports 2019 Production Results and Provides 2020 Guidance
VANCOUVER, British Columbia, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. ("Amerigo" or the "Company") (TSX: ARG) announces 2019 production results from Minera Valle Central ("MVC"), the Company’s 100% owned operation located near Rancagua, Chile. Amounts are reported in U.S. dollars. Amerigo’s MVC produced 69.8 million pounds copper in 2019 In 2019, MVC produced 69.8 million pounds of copper at a cash cost... Read more
Trevali Exceeds 2019 Production Guidance, Achieves Record Annual Zinc Production and Provides 2020 Guidance
VANCOUVER, British Columbia, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Trevali Mining Corporation (“Trevali” or the “Company”) (TSX: TV; OTCQX: TREVF) is pleased to release preliminary fourth quarter (“Q4”) and full year production results for 2019 and provides 2020 operating, capital and exploration expenditure guidance. All financial figures are in U.S. dollars. Ricus Grimbeek, Trevali’s President and CEO stated, “In... Read more
Nighthawk Gold Drilling at Colomac Continues to Encounter a Widening of the Mineralized Portion of the Sill along Strike and to Depth
TORONTO, Jan. 20, 2020 /CNW/ - Nighthawk Gold Corp. ("Nighthawk" or the "Company") (TSX: NHK; OTCQX: MIMZD) is pleased to report assay results for eight drillholes (4,011 metres) completed on Zones 1.5 and 2.0 of the Colomac Main Sill, part of the Colomac Gold Project ("Colomac") centrally located within its Indin Lake Gold Property, Northwest Territories, Canada (Table 1). All holes intersected mineralization and define a widening... Read more
SilverCrest Metals Announces Babi Sur Vein Results, Expanding High-Grade with Improved Continuity (True Widths): 2.5 Metres at 6,931 gpt AgEq
2.5 Metres at 6,931 gpt AgEq  7.8 Metres at 877 gpt AgEq 2.8 Metres at 2,109 gpt AgEq Vancouver, British Columbia--(Newsfile Corp. - January 20, 2020) - SilverCrest Metals Inc. (TSX: SIL) (NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce additional in-fill and expansion drill results from the Babi Sur Vein ("Babi Sur", or the "Vein") of the Las Chispas Project ("Las Chispas")... Read more
QMX Intersects 41.82 g/t Gold Over 3.4 Metres and 171.3 g/t Gold Over 1.0 Metres at Bonnefond
TORONTO, Jan. 20, 2020 (GLOBE NEWSWIRE) -- QMX Gold Corporation (“QMX” or the “Company”) (TSX:V:QMX) is pleased to release its latest results on its Bonnefond deposit (Table 1). The Bonnefond deposit is located on the Val d’Or East Zone of QMX’s extensive land package in Val d’Or, Quebec (Figure 3). The following results are part of the fall 2019 infill drilling program on the Bonnefond tonalitic intrusive and... Read more
Rubicon Minerals Continues to Deliver Positive Assay Results and Provides its 2020 Plans
TORONTO, Jan. 20, 2020 /CNW/ - Rubicon Minerals Corporation (TSX: RMX | OTCQX: RBYCF) ("Rubicon" or the "Company") reports the remaining assay results from its 2019 infill drilling program (the "2019 Drill Program") and provides its 2020 plans to advance the Phoenix Gold Project (the "Project") to Feasibility Study and commence exploration at the McFinley and Pen zones ("2020 Plans"). Assay Result Highlights for the 2019 Drill... Read more
Luminex Resources Extends the Camp Zone to Depth with Significant Intercepts in Six Step-out Holes
Highlights include: CC19-20: 4.4 metres true width of 5.3 g/t gold and 23.5 g/t silver CC19-21: 5.8 metres true width of 8.4 g/t gold and 98.9 g/t silver CC19-21: 2.9 metres true width of 3.3 g/t gold and 25.8 g/t silver CC19-21: 0.6 metres true width of 69.4 g/t gold and 765.0 g/t silver (highest ever assay at Camp Zone) CC19-23: 2.9 metres true width of 7.7 g/t gold and 12.6 g/t silver CC19-23: 4.8 metres true width... Read more
GR Silver Mining Provides an Exploration Update for the San Marcial Silver-Gold Project, Including Drill Result of 28.7 m at 92 g/t Silver, 30 m from the NI 43-101 Resource Area.
VANCOUVER, Jan. 20, 2020 /CNW/ - Goldplay Exploration Ltd. (TSXV: GRSL, FRANKFURT: GPE, OTCQB: GLYXF) ("GR Silver" or the "Company") is pleased to provide drilling results, as well as an update on exploration and current activities at the Company's San Marcial Silver-Gold Project ("San Marcial") in Sinaloa, Mexico. Results have been received from the 2019 core drilling program including a 28.7 m wide intersection containing... Read more
Mawson Resources Extends South Palokas Mineralization with Shallow Intercept Grading 6.3 G/T Gold Over 9 Metres from 93.7 Metres
VANCOUVER, BC / ACCESSWIRE / January 20, 2020 / Mawson Resources Limited ("Mawson") or (the "Company") (TSX:MAW) (Frankfurt:MXR) (PINKSHEETS: MWSNF) announces assay results from the first two diamond drill holes reported from the 15,000 metre 2020 winter drill program at the Company's 100% owned Rajapalot Project in Northern Finland. Resource expansion drilling commenced late in 2019 and after a Christmas and New Year break,... Read more
MacDonald Mines Extends High-Grade Gold Zones to the North and Down Dip, Intersects 3.6 g/t Gold over 6m and 4 g/t Gold over 9.4m Commences Winter Drilling Program
TORONTO, Jan. 20, 2020 (GLOBE NEWSWIRE) -- MacDonald Mines Exploration Ltd. (TSX-V: BMK) (“MacDonald Mines”, “MacDonald” or the “Company”) announces further results from the diamond drill program completed last fall at its SJP property, 40 kilometres east of Sudbury, Ontario. Hole SM-19-008 intersected 3.6 g/t gold over 6 metres, including 21.5 g/t over 0.8 metres, testing the down-dip continuity of the gold zones... Read more
Warrior Expands Mineralization and Discovers New High-Grade Gold at "A" Zone, Goodfish-Kirana Property, Kirkland Lake, Ontario
TORONTO, Jan. 20, 2020 /CNW/ - Warrior Gold Inc. (TSX-V - WAR) ("Warrior Gold" or the "Company") is pleased to report the results of the Company's Fall 2019 "A" Zone diamond drilling program (10 drill holes - 2,106 m) on its 100%-owned Goodfish-Kirana Project located in the Kirkland Lake Camp in Ontario (see Map 1). Program Highlights: Mineralized zone has been extended 100 m to the east, extended 50 m to the west... Read more
Sun Metals Extends Plunge Length of High-Grade Copper-Gold Massive Sulphide Discovery to 325 Metres in 421 Zone
VANCOUVER, Jan. 20, 2020 /CNW/ - Sun Metals Corp. ("Sun Metals" or the "Company") (TSXV: SUNM) reports that drilling shows extension of high-grade copper-gold mineralization in the 421 zone. The zone is open in several directions but notably extends up plunge into an area that is closer to surface, toward the previously known Canyon Creek zone. The 421 zone is located at the Company's 100% owned Stardust project in northcentral... Read more
BeMetals Further Extends Down Plunge DMEA Zone Mineralization at the High-Grade, Polymetallic, South Mountain Project in Idaho, U.S.A.
VANCOUVER, CANADA / ACCESSWIRE / January 20, 2020 / BeMetals Corp. ("BeMetals" or the "Company") (TSXV:BMET )(OTCQB:BMTLF) is pleased to announce the remaining analytical results from its Phase 1 underground drilling campaign, including holes SM19-016, SM19-017 and SM19-018 from the Company's high-grade South Mountain Base and Precious Metal Project ("South Mountain" or the "Project") in southwestern Idaho, U.S.A. Most importantly,... Read more
Kintavar intersects 0.53% Cu over 53m from 19m; Sub-horizontal model confirmed
MONTREAL, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Kintavar Exploration Inc. (the “Corporation” or “Kintavar”) (TSX-V: KTR) (FRANKFURT: 58V), is pleased to announce initial results from the drilling program that started in November 2019 and is continuing into 2020. Over 3,900 meters have been drilled and many more assays are forthcoming. The main objectives of the program were to test the sub-horizontal mineralized model of... Read more
Cabral Drills 5.6m @ 13.0 g/t Gold at Cuiú Cuiú and Confirms Continuity of High-Grade Zones at MG
Vancouver, British Columbia--(Newsfile Corp. - January 20, 2020) - Cabral Gold Inc. (TSXV: CBR) ("Cabral" or the "Company") is pleased to provide results from an additional four diamond drill holes from the Phase II drilling program at the Cuiú Cuiú Project, which was designed to test the continuity of high-grade zones within the MG (Moreira Gomes) deposit. Highlights Drill hole 202-19 was designed to test the continuity... Read more
Doubleview Announces New Discovery at Hat Gold Copper Porphyry Located at South Extension of the Lisle Deposit
VANCOUVER, BC / ACCESSWIRE / January 20, 2020 / Doubleview Capital Corp. ("Doubleview") ("the Company") (TSXV:DBV) (OTC PINK:DBLVF) (FRANKFURT:1D4) announces discovery of new mineralized zone located south of the Lisle Deposit and completion of its 2019 drilling program at its Hat Gold-Copper Porphyry deposit. Doubleview in late 2019 deepened one hole (H-026) at the Lisle Deposit and, as detailed in Table 1, drilled four holes... Read more
Osisko Gold Royalties Announces Increase to Its Royalties on Osisko Mining’s Windfall Project
MONTREAL, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (“Osisko” or the “Company”) (TSX & NYSE: OR) is pleased to announce that it has increased its net smelter return (“NSR”) royalty on the world-class Windfall gold project (“Windfall Project”), currently being developed by Osisko Mining Inc. (“Osisko Mining”).  Pursuant to its investment agreement with Osisko Mining dated August... Read more
Abitibi Royalties: Q4 2019 Royalty Payment
VAL-D’OR, Québec, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Abitibi Royalties Inc. (RZZ-TSX-V, ATBYF-OTC-Nasdaq Intl: “Abitibi Royalties” or the “Company”) is pleased to announce its Q4 2019 royalty payment from the Canadian Malartic Mine, located near Val-d’Or, Québec and total cash1 generated during the quarter. In addition, the Company’s board of directors has approved, effective April 2020, a 25% dividend increase... Read more
Winshear Gold Discovers Multiple Mineralized Zones Within a 250m Wide Shear Zone in First Field Campaign at Its Gaban Gold Project, Peru
VANCOUVER, British Columbia, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Winshear Gold Corp. (“Winshear Gold” or the “Company”) (TSX-V: WINS) reports its first sampling results from the Gaban Gold Project located in the Puno Orogenic Gold Belt (“POGB”) in south-eastern Peru. Winshear is conducting exploration to locate the hard-rock source of alluvial gold in the Yanamayo and Piquitiri rivers, which drain into the Madre de... Read more
Roscan Gold Extends Southern Property Boundary and Commences 2020 Drill Program
Toronto, Ontario--(Newsfile Corp. - January 20, 2020) - Roscan Gold Corporation (TSXV: ROS) (FSE: 2OJ) ("Roscan" or the "Company") is pleased to announce the launch of the 2020 Exploration Program at its 100% owned Kandiole Gold Project ("Project") in Mali, West Africa. Our drilling program was designed utilizing numerous geological exploration methods which included our ongoing ground IP, previous drilling and... Read more
TerraX Minerals Announces Start of 2020 Drilling Program at Yellowknife Gold Project
VANCOUVER, BC / ACCESSWIRE / January 20, 2020 / TerraX Minerals Inc. (TSX-V:TXR) (Frankfurt:TX0) (OTC Pink:TRXXF) ("TerraX" or the "Company") is pleased to announce the commencement of a 10,000 meter drilling program at the Company's wholly owned Yellowknife Gold Project in the Northwest Territory ("Yellowknife" or the "Project"). (Map) This first phase of drilling will start at the Sam Otto gold deposit due to better access... Read more
Maple Gold Commences Drilling at the 531 Zone
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Transition Metals Corp Announces the Commencement of Drilling on Its Sunday Lake Platinum-Palladium Property
Sudbury, Ontario--(Newsfile Corp. - January 20, 2020) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that Impala Canada Ltd. (Impala Canada) has resumed drilling at the Sunday Lake Platinum-Palladium (PGM) Property. Impala Platinum Holdings Limited (Implats) and Impala Canada Ltd. control a 75% interest in the Property and Transition holds a 25% free carried interest through to... Read more
Minaurum Successfully Completes Phase I Drill Program at Alamos and Announces Plans for Phase II Program
Vancouver, British Columbia--(Newsfile Corp. - January 20, 2020) - Minaurum Gold Inc. (TSXV: MGG), ("Minaurum") is pleased to announce that it has completed its Phase I Drill program at the Alamos silver project in Sonora, Mexico. Phase I tested 19 of the 25 vein systems identified to date at Alamos. Fourteen of the nineteen vein systems returned high-grade silver intercepts demonstrating that mineralization occurs throughout... Read more
Drilling Confirms High Grade Gold Mineralization on PJX Resource's Gold Shear Property
TORONTO, ON / ACCESSWIRE / January 20, 2020 / PJX Resources Inc. ("PJX") (TSXV:PJX) is pleased to announce that vein hosted high-grade gold mineralization, with a weighted average of up to 25.07 grams per tonne (g/t) over 2.1 metres (m) true width, was intersected by drilling on the David Gold Zone on the Gold Shear Property near Cranbrook, British Columbia, Canada. "Gold mineralization appears to be associated with an intrusive... Read more
IMPACT Silver Samples 205.7 g/t Silver over 22.7 Meters Width Along Length of 50 Meters at Veta Negra Open Pit; Veins Traced over 650 Meters Length
And samples 1,595 g/t Silver over 0.80 meters, 13.85g/t Gold over 0.8 meters at nearby Chatinga Vein Vancouver, British Columbia--(Newsfile Corp. - January 20, 2020) - IMPACT Silver Corp. ("IMPACT" or the "Company") is pleased to announce the results of a sampling program in the Veta Negra area located 3.4 km to the northwest of IMPACT's 535 tonne per day Guadalupe processing plant in the Royal Mines of Zacualpan District,... Read more
Colorado Resources Expands Tami Gold Copper Mineralization at KSP and Provides Update
VANCOUVER, Jan. 20, 2020 /CNW/ - Colorado Resources Ltd. (TSX.V: CXO) ("Colorado", or the "Company") is pleased to announce that the Company has retrieved and assayed the previously un-assayed 7 drillholes, and finished assaying the remainder of one partially assayed drillhole from the 2018 field exploration and drilling program at the Tami Zone, on its KSP property. This is further to the news release dated November 16,... Read more
Riverside Resources Samples 25.7 g/t Gold from Selected Rock Samples at the Los Cuarentas Project in Sonora, Mexico
Vancouver, British Columbia--(Newsfile Corp. - January 20, 2020) - Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: R99) ("Riverside" or the "Company"), is pleased to report on rock sampling and field work from the Los Cuarentas Gold Project (the "Project") in Sonora, Mexico. The Project is located immediately west of Silver Crest's Las Chispas high-grade Ag deposit and along the east boundary of Premier Gold Mines,... Read more
O3 Mining 2020 Exploration Outlook
TORONTO, Jan. 20, 2020 (GLOBE NEWSWIRE) -- O3 Mining Inc. (TSX.V: OIII) ("O3 Mining" or the "Corporation") provides a recap of 2019 highlights and announces 2020 exploration program in Val D’Or with 50,000 metres of drilling planned, focusing on the Alpha, East Cadillac and Malartic properties. President and Chief Executive Officer, Jose Vizquerra Benavides, commented: “2019 was an exciting year as we started operations... Read more
UEX 2020 Exploration Programs to Commence at West Bear and Christie Lake
SASKATOON, Saskatchewan, Jan. 20, 2020 (GLOBE NEWSWIRE) -- UEX Corporation (TSX:UEX) (“UEX” or the “Company”) is pleased to announce the commencement of its 2020 exploration programs at the West Bear and Christie Lake Properties, located in the Athabasca Basin of northern Saskatchewan. West Bear Property UEX Corporation is pleased to announce the West Bear 2020 winter exploration program will commence the first week... Read more
Santacruz Silver Acquires La Pechuga Project Adjacent to Zimapan Mine, Hidalgo,Mexico
Vancouver, British Columbia--(Newsfile Corp. - January 20, 2020) - Santacruz Silver Mining Ltd. (TSXV: SCZ) (the "Company" or "Santacruz") reports that its Mexican subsidiary, Carrizal Mining, S.A de C.V. ("Carrizal"), has acquired by staking the La Pechuga property (the "Property") located adjacent to the Zimapan Mine at Zimapan, Hidalgo, Mexico. The Property is comprised of one mining concession that covers a land area of... Read more
Cordoba Minerals Announces 2020 Work Program
Accelerated Development of San Matias Copper-Gold-Silver Project in Colombia; Geophysical Survey Underway at Perseverance Copper Project in Arizona, USA Vancouver, British Columbia--(Newsfile Corp. - January 20, 2020) - Cordoba Minerals Corp. (TSXV: CDB) (OTCQB: CDBMF) ("Cordoba" or the "Company") today announced its upcoming work program for 2020 at the San Matias Copper-Gold-Silver Project in Colombia and the Perseverance... Read more
CANEX Doubles the Size of the Gold Range Property Based on Airborne Geophysical Results
CALGARY, AB / ACCESSWIRE / January 20, 2020 / CANEX Metals Inc. (TSXV:CANX) ("CANEX" or the "Company") is pleased to announce it has substantially increased its land holdings at the Gold Range Property, Arizona, to cover new exploration targets identified from recent airborne magnetic surveying. A total of 73 additional lode mining claims have been staked nearly doubling the size of the property from 552 hectares to 1043 hectares. An... Read more
Panoro Minerals Announces Exploration Plans for Humamantata Copper Project, Peru
VANCOUVER, British Columbia, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Panoro Minerals Ltd. (TSXV: PML, Lima: PML, Frankfurt: PZM) (“Panoro”, the “Company”) is pleased to announce its exploration plans for its Humamantata Project located in southern Peru.  The Company and its Joint Venture Partner, the Japan Oil, Gas and Metals National Corporation, “JOGMEC”, have agreed to an exploration investment program to be completed... Read more
Taranis Resources Secures Permit to Drill Ridge Target, Advances 10,000 tonne Bulk Sample Mining Permit Application
Estes Park, Colorado - TheNewswire - January 20, 2020 - Taranis Resources Inc. ("Taranis") (TSXV:TRO), (OTC:TNREF) is pleased to announce that it has received a permit to drill high-value exploration targets associated with the polymetallic mineral resource at its 100%-owned Thor property located near Trout Lake, British Columbia. Ridge Drilling Target and Drilling Permit Taranis has identified, modeled, and prioritized an area... Read more
Otis Gold: Federal Court Issues Final Judgement/Order Confirming Good Status of Kilgore Permit
VANCOUVER, British Columbia, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Otis Gold Corp. (“Otis” or the “Company”) (TSX-V: OOO) (OTC: OGLDF) reports that Idaho federal district court Judge B. Lynn Winmill issued a final Judgment in Idaho Conservation League et al v. U.S. Forest Service (the “Complaint”) on January 16, 2020 that confirms Otis’ continued legal right to conduct exploration activities, including drilling, at... Read more
American Creek Announces Acquisition of Glacier Creek Claims
Cardston, Alberta--(Newsfile Corp. - January 20, 2020) - American Creek Resources Ltd. (TSXV: AMK) (the "Company" or "American Creek") is pleased to announce that it has entered into a property purchase agreement pursuant to which it will acquire the precious and base mineral undersurface rights relating to 45 Crown Grant claims commonly referred to as the "Glacier Creek Claims" located in the Stewart area, British Columbia,... Read more
Alianza Minerals to drill two projects in 2020
First drill test of Horsethief gold property, Nevada, funded by Hochschild Follow up drilling targeting high grade silver at Haldane, Yukon Additional early-stage exploration for high-grade gold and silver in BC, Nevada and Yukon VANCOUVER, British Columbia, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Alianza Minerals Ltd. (TSX-V: ANZ, OTC: TARSF) (“Alianza” or the “Company”) announces plans for the 2020 field programs on... Read more
White Metal Resources Provides Update on Namibian Copper-Silver Property and Welcomes New Chief Financial Officer
Thunder Bay, Ontario--(Newsfile Corp. - January 20, 2020) - White Metal Resources Corp. (TSXV: WHM) ("White Metal" or the "Company") announces that it has granted natural resources investor RZJ Capital Management LLC ("RZJ") a three month extension of time in regards to the previously announced binding Letter of Agreement ("LOA") with respect to certain licenses that comprise the Dorwit Copper-Silver Property (the "Property"),... 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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Condor Gold

Condor Gold

Condor Gold is revitalizing the historic La India gold mining district in Nicaragua. To date the company has produced a global N.I. 43-101 mineral resource totaling 2.1 million ounces of high grade gold, including open pit resources of over 1 million ounces grading 3.5 g/t gold. The December 2014 N.I. 43-101 Pre-Feasibility Study demonstrated an open pit mineral reserve of 675k ounces of gold that could produce 79,000 ounces annually over 8 years at all-in sustaining costs... LEARN MORE

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