LATEST MINING NEWS

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
Montreal, Quebec--(Newsfile Corp. - January 20, 2020) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") is pleased to announce that the first drill rig has arrived at the Project and has begun testing priority high-grade targets at the 531 Zone (see figure 1). Last year Maple Gold created a new 3D model that guided the decision to drill at the 531 Zone, where no drilling had been completed... Read more
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
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
Revelo Resources Agrees to Sell its Generative NSR Royalty Portfolio to EMX Royalty Corp
Vancouver, British Columbia--(Newsfile Corp. - January 20, 2020) - Revelo Resources Corp. (TSXV: RVL) ("Revelo" or the "Company") is pleased to announce that the Company has agreed in principle to sell to EMX Royalty Corp. (TSXV: EMX) ("EMX") 20 generative net smelter return ("NSR") royalty interests over exploration properties for a cash total of US$1.5 million. The NSR royalty interests being sold include 11 generative NSR... Read more
Delta Resources Signs Letter of Intent with Yorkton Ventures for the Sale of its Bellechasse-Timmins Property and Associated Claims in South Eastern Quebec for $1.7M
KINGSTON, ON / ACCESSWIRE / January 20, 2020 / Delta Resources Limited ("Delta") (DLTA:TSX-V) is pleased to announce that it has signed a Letter of Intent ("LOI") with Yorkton Ventures Inc. ("Yorkton") for the sale of its interest in the Bellechasse-Timmins property (the "Property") and associated claims in southeastern Quebec for $1,700,000 subject to a 60 day due diligence period (the "Due Diligence Period"). The agreement... Read more
Euro Sun Mining Announces $3.3 Million Private Placement
TORONTO, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Euro Sun Mining Inc., (TSX: ESM) (“Euro Sun” or the “Company”) is pleased to announce that it intends to complete a non-brokered private placement financing of up to 11,379,310 common shares of the Company (the “Common Shares”) at a price of C$0.29 per Common Share for gross proceeds of up to C$3,300,000.00 (the “Offering”) with one subscriber. Closing of the Offering... Read more
Canadian Palladium Announces C$3.5 Million Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - January 20, 2020) - Canadian Palladium Resources Inc. (formerly 21C Metals Inc.) (CSE: BULL) (OTCQB: DCNNF) (FSE: DCR1) (the "Company") has arranged for a non-brokered placement of units at a price of $0.12 per unit (each, a "Unit") for gross proceeds of up to $3.5 million. Each Unit shall consist of one common share and one common share purchase warrant exercisable at a price of... Read more
African Gold Group Announces a $2 Million Private Placement
TORONTO, Jan. 20, 2020 (GLOBE NEWSWIRE) -- African Gold Group, Inc. (TSX-V: AGG) (“AGG” or the “Company”) is pleased to announce that it has received firm commitments from several strategic investors to complete a non-brokered private placement financing of up to 10,000,000 units (a “Unit”) at a price of $0.20 per Unit for gross proceeds of up to $2,000,000.00 (the “Offering”). Each Unit will consist of one common... Read more
San Marco Resources Arranges $500,000 Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - January 20, 2020) - San Marco Resources Inc. (TSXV: SMN) announces that it has arranged a non-brokered private placement to raise gross proceeds of C$ 500,000. The private placement consists of up to 3,703,704 units at a price of $0.135 per unit. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to... Read more
Arizona Metals Corp. Increases Size of Previously Announced Private Placement to Up to $2,000,000
TORONTO, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Arizona Metals Corp. (TSXV: AMC) (the “Company” or “AMC”), is pleased to announce that due to additional demand the Company has increased the size of its previously announced non-brokered private placement of common shares (“Common Shares”) from aggregate gross proceeds of up to $1,500,000 to aggregate gross proceeds of up to $2,000,000 (the “Offering”). Pursuant to the... Read more
Inventus Mining Completes $1.3 Million Private Placement Financing
TORONTO, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the “Company”) is pleased to announce that it has closed the previously announced non-brokered private placement of 12,400,000 units of the Company (“Units”) at $0.105 per Unit for gross proceeds of $1.3 million (the “Offering”). Each Unit consists of one common share of the Company (a “Common Share”) and one... Read more
Northern Superior Completes Private Placement - Strategic Investment with Michael Gentile, CFA
SUDBURY, ON / ACCESSWIRE / January 20, 2020 / Northern Superior Resources Inc. ("Northern Superior" or the "Company") (TSXV:SUP) is pleased to announce that it has closed the non-brokered, strategic private placement with Mr. Michael Gentile, CFA, which was announced on December 30, 2019, for gross proceeds of $437,000.06 (the "Private Placement"). The Company intends to utilize the proceeds of the Private Placement for general... Read more
Spey Resources Corp. Announces Closing of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - January 20, 2020) - Spey Resources Corp. (CSE: SPEY) ("Spey" or the "Company") is pleased to announce that the non-brokered private placement (the "Private Placement") previously announced on January 13, 2020 has now closed. Under the Private Placement, the Company issued an aggregate of 2,100,000 units ("Units") at a price of $0.03 per Unit for gross proceeds of $63,000. Each Unit... Read more
Tajiri to Close Third and Final Tranche of Previously Announced Non-Brokered Private Placement
VANCOUVER, Jan. 20, 2020 /CNW/ - Tajiri Resources Corp. (the "Company") (TSX VENTURE: TAJ) is pleased to report that subject to final TSX Venture Exchange (the "Exchange") approval it will close the second tranche of a non-brokered private placement originally announced December 05th, 2019. The second tranche of the placement will result in the Company issuing 2,110,000 units for proceeds of CDN$105,500.... Read more
Nemaska Lithium Announces Changes to Board of Directors
QUEBEC CITY, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Nemaska ​​Lithium (“Nemaska Lithium” or the “Corporation”) announces that its Board of Directors appointed Mr. Jacques Mallette as Chairman of the Board, effective January 19, 2020. Mr. Mallette has acted in capacity of Director of the Corporation since March 8, 2019. Mr. Mallette, who has more than 35 years of experience as chief executive officer... Read more
Yorbeau Resources Announces Senior Management Changes
MONTREAL, Jan. 20, 2020 /CNW Telbec/ - Yorbeau Resources Inc. (TSX: YRB) (the "Company" or "Yorbeau") today announces that Gérald Riverin, President of the Company, has announced his intention to retire from his management duties at the Company, effective as of January 31, 2020. Mr. Riverin will remain with Yorbeau as a director of the board of the Company. All of whom worked with Mr. Riverin at the Company would like to thank... Read more
Silver One Closes Final Tranche of Financing
Eric Sprott Increases His Investment in Final Tranche Vancouver, British Columbia--(Newsfile Corp. - January 20, 2020) - Silver One Resources Inc. (TSXV: SVE) (OTCQB: SLVRF) (FSE: BRK1) ("Silver One") is pleased to announce that it has closed the final tranche of its previously announced non-brokered private placement by issuing 9,520,000 units ("Units") at a price of $0.25 per Unit for gross proceeds of $2,380,000 (the "Financing").... Read more
NuLegacy Gold Engages Mark Bradley as Exploration Manager
VANCOUVER, British Columbia, Jan. 20, 2020 (GLOBE NEWSWIRE) -- NuLegacy Gold Corporation (TSXV: NUG; OTCQB: NULG.F) is pleased to report that Mr. Mark Bradley, a Senior Project/Chief Geologist for Barrick Gold Corporation supervising major exploration teams and a Principal Geologist assessing new North American exploration opportunities, has joined NuLegacy Gold as Nevada Exploration Manager.  Mark was the Cortez Project... Read more
Triumph Gold Appoints Jesse Halle as Vice President Exploration
VANCOUVER, British Columbia, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF) (“Triumph Gold” or the “Company”) is pleased to announce that Jesse Halle (P.Geo.) has been appointed Vice President Exploration. Jesse brings over twenty years of geoscience-related experience to the job; he has filled senior technical rolls while advancing a number of porphyry copper-gold deposits in Yukon... Read more
Minco Capital Announces Retirement of Director
VANCOUVER, Jan. 20, 2020 /CNW/ - Minco Capital Corp. (the "Company" or "Minco Capital") (TSX-V: MMM/OTCQX: MGHCF/FSE:MI5) today announced that Mr. Robert Callander has retired from the Board of Directors effective January 16, 2020. Mr. Callander has been a Director since August 23, 1996.   The Company thanks Mr. Callander for his 24 years of service and support to the Company and wishes him all the best in the future. On... Read more
Origin Gold Announces Board Appointment and Management Changes
MONTREAL, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Origin Gold Corporation (“Origin Gold” or the “Company”) (TSXV: OIC) is pleased to announce that Deborah Battiston has been appointed as the chief financial officer and secretary of the Company and Jaime Lalinde has been appointed to the Company’s board of directors, each appointment to be effective immediately. Ms. Deborah Battiston is a CPA-CGA, ICD.D and holds a BA in... Read more
Equinox Gold and Leagold Merger Receives Positive Recommendation from Proxy Advisory Firms
VANCOUVER, Jan. 20, 2020 /CNW/ - Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) ("Equinox Gold" or the "Company") is pleased to announce that Institutional Shareholder Services Inc. ("ISS") and Glass Lewis & Co. ("Glass Lewis"), independent proxy advisory firms that provide voting recommendations to shareholders, have issued positive reviews of the proposed merger with Leagold Mining Corporation (TSX: LMC, OTC: LMNCF)... Read more
Windfall Geotek Obtains the "WIN" Symbol on January 20, 2020
Brossard, Quebec - The Newswire - January 20, 2020 - Windfall Geotek (TSXV:WIN) a mining and technology services company and leader in the use of Artificial Intelligence (AI) and advanced knowledge-extraction techniques since 2005 in the mining sector, is pleased to announce that it has obtained the right to use the ticker "WIN" As of today. Michel Fontaine President and CEO of Windfall Geotek, commented, this is a great symbol... Read more
Geophysical Survey Underway at Bell Copper's Perseverance Project in Arizona
Vancouver, British Columbia--(Newsfile Corp. - January 20, 2020) - Bell Copper Corporation (TSXV: BCU) ("Bell Copper" or the "Company") reports that the previously mentioned Magneto-telluric survey (refer to the Bell Copper December 9, 2019 news release) is underway at the Company's Perseverance Porphyry Copper Project in Arizona. The Perseverance project is under a Joint Venture - Earn In with Cordoba Minerals Corp. Magneto-Telluric... Read more
Black Tusk Resources Inc. Contracts Magnetometer Surveying on the Mckenzie East Project, Quebec
VANCOUVER, BC / ACCESSWIRE / January 20, 2020 / Black Tusk Resources Inc. ("Black Tusk" or the "Company) (CNSX:TUSK)(OTC PINK:BTKRF)(Frankfurt:0NB) is pleased to announce the contracting of Geophysique TMC to complete magnetometer surveying over the McKenzie East Project located 30 kilometres north of Val d'Or, Quebec. The survey will utilize Vision 4K unmanned aerial vehicle (UAV-drone) technology with a Scintrex Cs-Vl Cesium... Read more
Clarification of Technical Disclosure as a Result of a Review by the British Columbia Securities Commission
Vancouver, British Columbia--(Newsfile Corp. - January 20, 2020) - Aftermath Silver Ltd. (TSXV: AAG) (OTCQB: AAGFF) ("Aftermath" or the "Company") announces that, as a result of a review by the British Columbia Securities Commission (the "BCSC"), the Company is issuing the following news release to clarify its disclosure. On October 31, 2019, the Company filed the Amended and Restated Independent Technical Report (the "SRK Report")... Read more
AXMIN Announces Letter of Intent with First Strategic Partner
Vancouver, British Columbia--(Newsfile Corp. - January 20, 2020) - AXMIN Inc. (TSXV: AXM) ("AXMIN" or the "Company") AXMIN signs Letter of Intent. AXMIN is pleased to announce that it has signed a Letter of Intent for the development of its Passendro Gold Asset in the Central African Republic (CAR) with AU Metals Limited (AU Metals) a subsidiary of the AU Group Limited. AU Metals is a gold and copper mineral focused venture... Read more
StrikePoint Signs Definitive Agreement to Sell Glacier Creek Property to American Creek
Vancouver, British Columbia--(Newsfile Corp. - January 20, 2020) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) ("StrikePoint" or the "Company") announces that the company has signed a definitive agreement dated January 16, 2020, with American Creek Resources (TSXV: AMK) with respect to the acquisition by American Creek of 100 per cent of StrikePoint's Glacier Creek property. The property is located approximately... Read more
Canadian Palladium Increases Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - January 20, 2020) - Canadian Palladium Resources Inc. (formerly 21C Metals Inc.) (CSE: BULL) (OTCQB: DCNNF) (FSE: DCR1) (the "Company") has increased its proposed non-brokered private placement by $500,000. The Company now intends to raise gross proceeds of up to $4 million through the issuance of 33,333,334 units (each, a "Unit") at a price of $0.12 per Unit. Each... Read more
Sarama Resources - Corporate Update
VANCOUVER, BC / ACCESSWIRE / January 20, 2020 / The Board of Directors of Sarama Resources Ltd. (TSXV:SWA) (the "Company") has granted 11,340,000 options to directors, officers, employees and consultants of the Company. The option grant is the result of the Company's annual compensation review. This granting of options is made in accordance with the Company's stock option plan which was approved by shareholders on September 20,... Read more
Orocobre Limited – Multi-year contracts for Olaroz battery grade lithium carbonate
BRISBANE, Australia, Jan. 19, 2020 (GLOBE NEWSWIRE) -- Orocobre Limited (ASX: ORE, TSX: ORL) (“Orocobre” or “the Company”), is pleased to advise that two contracts have been signed for supply of battery grade lithium carbonate to top tier Chinese cathode manufacturers. Toyota Tsusho Corporation (“TTC”), as joint sales and marketing agent for production from the Olaroz Lithium Facility (“Olaroz”), has signed one... Read more
Serengeti Resources Identifies Targets at Cat Mountain; Reports Results of PGE Analysis and Petrography at Top Cat
VANCOUVER, British Columbia, Jan. 19, 2020 (GLOBE NEWSWIRE) -- Serengeti Resources Inc. (SIR: TSX-V) ("Serengeti" or "the Company") is pleased to report results from a recently completed historical data compilation and modelling exercise completed for the Top Cat property, which is under option from the Pinchi Group [see Serengeti press release dated July 23, 2019] (the “Top Cat Option”). Top Cat covers approximately... Read more
Serengeti Resources Announces Drilling and Optimization Programs at Kwanika for 2020
VANCOUVER, British Columbia, Jan. 19, 2020 (GLOBE NEWSWIRE) -- Serengeti Resources Inc. (SIR: TSX-V) ("Serengeti" or "the Company") is pleased to report that the Board of Directors and Shareholders of Kwanika Copper Corporation (“KCC”) have approved a budget for exploration and project optimization to be completed at the Kwanika Project during 2020.  Upon completion, Serengeti will own 67% of KCC as a result of... Read more
Golden Minerals Reports Promising Bio-Oxidation Test Results
GOLDEN, Colo., Jan. 17, 2020 (GLOBE NEWSWIRE) -- Golden Minerals Company (NYSE American and TSX: AUMN) (“Golden Minerals”, “Golden” or “the Company”) is pleased to announce it has received promising results from metallurgical test work conducted on pyrite-arsenopyrite flotation concentrates from its Velardeña Properties located in Durango, Mexico. Gold and silver recoveries of 91% and 92%, respectively, were obtained... Read more
New Gold Reports Preliminary Fourth Quarter and Annual Results; Achieves Annual Production Guidance
TORONTO--(BUSINESS WIRE)--New Gold Inc. (“New Gold” or the “Company”) (TSX and NYSE American: NGD) reports preliminary fourth quarter and annual results from the Rainy River and New Afton Mines, achieving annual production guidance. (All amounts are in US dollars unless otherwise indicated). Consolidated Fourth Quarter and Annual Highlights Total production (excluding production from the Cerro San Pedro Mine) for the... Read more
Argonaut Gold Achieves Record Annual Production of 186,615 Gold Equivalent Ounces
Announces Release Date for Fourth Quarter and Year End 2019 Operational and Financial Results, Timing of 2020 Guidance and Provides Development Project Updates TORONTO, Jan. 17, 2020 /CNW/ - Argonaut Gold Inc. (TSX: AR) (the "Company", "Argonaut Gold" or "Argonaut") announces record annual gold equivalent ounce1 ("GEO" or "GEOs") production of 186,615 during 2019 and fourth quarter 2019 GEO production of 47,521.  During... Read more
Irving Resources Encounters More High-Grade Gold and Silver at Omui Mine Site; Commences Drilling at Omu Sinter
VANCOUVER, British Columbia, Jan. 17, 2020 (GLOBE NEWSWIRE) -- Irving Resources Inc. (CSE:IRV) (“Irving” or the “Company”) is pleased to announce assays from five shallow diamond drill holes completed at Omui Mine site, part of its 100% controlled Omu Gold Project, Hokkaido, Japan, in late 2019. Omui Mine Site Drilling Highlights: Four of five shallow holes testing an area around the historic Honpi (Main Vein in English)... Read more
Radisson continues to intersect high-grade gold at depth and within the current resource area at O’Brien
Deep Drilling intersects 16.76 g/t over 4.00 m and 8.49 g/t Au over 2.00 m at the Lower 36E zone Infill Drilling intersects 11.13 g/t over 3.30 m at the Upper 36E Zone Drill results continue to validate the 2019 litho-structural model for O’Brien ROUYN-NORANDA, Québec, Jan. 17, 2020 (GLOBE NEWSWIRE) -- Radisson Mining Resources Inc. (TSX-V: RDS, OTC: RMRDF): (“Radisson” or the “Company") today announced significant... Read more
Metallis Resources Intersects Significant, Near Surface, Porphyry Copper/Gold Mineralization at the Cliff Zone on the Kirkham Property
VANCOUVER, Jan. 17, 2020 /CNW/ - Metallis Resources Inc. (TSX-V: MTS; OTCQB: MTLFF) (the "Company" or "Metallis") is pleased to announce the first set of assay results from the Company's 2019 drilling campaign (the "Program") which targeted the Cliff Zone of the 7.5km Hawilson Monzonite. The 100%-owned Kirkham Property (the "Property") is in the prolific Eskay Camp of the Golden Triangle, northwestern British Columbia. The... Read more
MacDonald Mines Drills Wide Breccia Zone Outside of the Historic Scadding Deposit Including 0.4g/t Gold and 0.01% Cobalt
TORONTO, Jan. 17, 2020 (GLOBE NEWSWIRE) -- MacDonald Mines Exploration Ltd. (TSX-V: BMK) (“MacDonald Mines”, “MacDonald” or the “Company”) announces results from two diamond drill holes completed last fall at its SJP property, 40 kilometres east of Sudbury, Ontario.  Both drill holes intersected a wide breccia zone in the Bristol Structure, outside and west of the historic Scadding Deposit, that hosts cobalt... Read more
Rockcliff Metals Expands Copper Mineralization Below the Rail Deposit with Results of 13.65% CuEq Across 2.40 Metres and 10.57% CuEq Across 2.03 Metres
Toronto, Ontario--(Newsfile Corp. - January 17, 2020) - Rockcliff Metals Corporation (CSE: RCLF) (FSE: RO0) (WKN: A2H60G) ("Rockcliff" or the "Company") is pleased to announce that all remaining drill core assay results from the 2019 drill program have been received and the drilling has identified high-grade copper mineralization below the existing 100% owned NI 43-101 Indicated resource Rail deposit, located in... Read more

Resource Capital Gold Announces Dufferin Project PEA Results; Acquires West Dufferin Claims

Resource Capital Gold Corp. (TSX.V: RCG) ("RCG" or the "Company") is pleased to announce the completion of a positive Preliminary Economic Assessment ("PEA") on the Dufferin Gold Mine and the West Dufferin property being acquired by the Company (collectively "Dufferin") located in Nova Scotia, Canada.

PEA RESULTS
The PEA was completed by MineTech International Ltd. of Halifax, Nova Scotia, and Global Mineral Resource Services of Vancouver, British Columbia. Economic results in the PEA show the production of 216,050 ounces of gold during a 10-year mine life, with a pre-tax IRR of 158% and a capital payback period of 1.3 years with a net present value of CAD$121,100,000 at a 5% discount rate. These economic numbers do not include any of the planned production from the stockpiled materials, which would be in addition to such amounts, and which the Company plans to commence in January, 2017.

The PEA suggests a 6-month pre-production period followed by 6 months of initial mining ramping up to full 300-tpd production at the end of Year 1. The pre-production period has already started, with Company staff onsite for the last two months in preparation for processing of the stockpiled materials starting in January along with trial mining later in Q1 of 2017.

The PEA anticipates at total of CAD$9.85M in capital expense, which includes $5.29M in plant, equipment, and pre-production development cost; $1.20M of reclamation bonding; $2.29M of working capital; and $1.06M in contingency. The Company believes that with a combination of cash on hand and early cash flow from processing of stockpiled material and underground materials already developed, the need for the full anticipated capital in Year 1 can be considerably reduced.

"This positive PEA is a major milestone in the Company's plans to consolidate near-term precious-metals production," said RCG's Chairman and CEO George Young. "The Dufferin project offers the opportunity for relatively lower-risk growth through our more than doubling of the project's resources, acquisition of adjacent property, and a 4x multiple of the project's NPV over previous analyses. We are very pleased with the PEA results and look forward to quickly advancing the project."

PEA Results
     
Pre-tax NPV5   CAD$121.1M
Pre-tax IRR   158%
Post-tax NPV5   CAD$89.2M
Post-tax IRR   121%
Payback   1.3 years
Average cash cost per ounce   CAD$617
Mine life   10 years
Total gold ounces recovered   216,050
Cumulative pre-tax cash flow   CAD$170.4M
Cumulative post-tax cash flow   CAD$126.3M
     
PEA Parameters
     
Gold price   USD$1,250
Exchange rate USD-CAD   0.75
Total tonnes processed (includes dilution and development material)   1,231,000 tonnes
Average processing rate   290 tonnes per day
Diluted head grade East Dufferin   6.83 g/t Au
Diluted head grade West Dufferin   5.46 g/t Au
Gold recovery rate   95%
Average annual gold production   21,604 ounces Au
Capital, working capital, pre-production expense   CAD$9.85M
     
Mineral Resources
             
Category   Tonnes   Grams per
Tonne Au
  Ounces Au
East Dufferin            
Indicated   151,500   11.9   58,000
Inferred   434,100   6.9   96,800
West Dufferin            
Inferred   269,800   6.13   53,200
Combined            
Indicated   151,500   11.9   58,000
Inferred   703,900   6.6   150,000

The PEA is preliminary in nature and includes inferred mineral resources that are too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that PEA results will be realized. Mineral resources are not mineral reserves and do not have demonstrated economic viability. The Company is not basing its production decision on a feasibility study of mineral reserves demonstrating economic and technical viability; as a result there is increased uncertainty and economic and technical risks of failure associated with its production decision.

WEST DUFFERIN ACQUISITION: ADDITION OF 1.9 KM OF STRIKE LENGTH TO THE DUFFERIN PROJECT; ADDS A FOURTH PROPERTY WITH TANGIER AND FOREST HILL TO RCG'S ROLL UP STRATEGY
The Company has expanded the Dufferin project area by 92% through the acquisition of West Dufferin, which consists of 809 hectares of mineral claims lying adjacent to and contiguous with the Dufferin mineral claims. The West Dufferin portion of the Dufferin project contains the geological continuation of the structures to be mined at the Dufferin gold mine. The company has commissioned resource modeling at West Dufferin, and the PEA includes mineral resources and economic assessments of the mineral resources identified by the drilling conducted to date at the West Dufferin portion of the project.

The West Dufferin portion of the project is being purchased from a private entity by RCG for a total consideration of US$300,000 at closing (US$50,000 of which has been paid), expected to be on or about December 20, 2016, followed by two payments of US$350,000 on each of the first and second anniversaries of closing, plus an NSR royalty of 2% from production of gold.

A total of 16,453 meters of previous drilling has been undertaken at West Dufferin, cutting through what are believed to be the same 14 "saddle reef" structures as those drilled at the Dufferin gold mine. Historic production of approximately 41,800 ounces of gold at West Dufferin has also been conducted on those structures. The drilled strike length of the saddle reef structures on West Dufferin is approximately 1.9 km, which, when combined with the approximately 1.4 km strike length of those same structures through the Dufferin gold mine area previously acquired, results in a total strike length of 3.3 km.

Within the 1.9 km of drilled strike length at West Dufferin, resource modeling took place on only 600 m of strike length, leaving an additional 1.3 km for expansion. Combined with the approximately 1.4 km of identified eastern extension of mineralized structures at the Dufferin gold mine, this provides an additional 2.7 km of mineralized quart vein structures along which to extend and increase the density of modern drilling sufficiently to support expanded resource modeling.

The addition of West Dufferin to the Dufferin gold mine project brings to four the number of properties now included in the Company's gold property roll up strategy in Nova Scotia. The Company previously announced the acquisition of Tangier (41,700 ounces gold in the indicated category (134,000 tonnes grading 9.67 g/t Au), and 131,500 ounces gold in the inferred category (271,000 tonnes grading 15.09 g/t Au)) and Forest Hill (mineral resource of 173,800 ounces gold in the indicated category (225,000 tonnes grading 24.02 g/t Au) and 152,900 ounces gold in the inferred category (383,000 tonnes grading 12.42 g/t Au)). When combined with the ounces announced today, the four properties represent total resources of 273,500 ounces in the indicated category and 434,400 ounces in the inferred category. The Company will file technical reports supporting the Tangier and Forest Hill mineral resource estimates within 180 days of September 9, 2016.

TRIAL PRODUCTION TO COMMENCE IN Q1, 2017
As the Dufferin gold mine is a fully permitted operational underground gold mine, the Company will commence operations in Q1 of 2017, with the processing of stockpiled materials at the mine commencing in mid-January while making final preparations for the resumption of trial mining. The project comprises a total 1,684 hectares in 104 mineral claims that are all in good standing. The property contains +17 known east-west trending "saddle reef" quartz vein structures, situated in a vertical assemblage, each hosting free milling gold and showing expansion potential along a total of 2.7 kilometers.

QUALIFIED PERSONS
The scientific and technical data contained in this news release was reviewed and approved by Michael P. Gross, M.Sc., P.Geo., who is a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects. Mr. Gross reviewed the technical reports referenced above on behalf of the Company.

The PEA was prepared by independent Qualified Persons Mr. Douglas Roy M.A.Sc., P.Eng., and Mr. Patrick Hannon, M.A.Sc., P.Eng. of MineTech International Ltd. Mr. Roy also prepared the East Dufferin mineral resource. Both Mr. Roy and Mr. Hannon have reviewed and approved the contents of this news release.

The mineral resource at West Dufferin was prepared by independent Qualified Person Mr. Greg Mosher of Global Mineral Resource Services. Mr. Mosher has reviewed and approved the contents of this news release.

Source: Resource Capital Gold

GET DAILY NEWS FLOW

Sign Up To Receive All Morning
News To Your Email Inbox

Azincourt Energy

Azincourt Energy

Azincourt Energy is a Canadian resource company specializing in strategic acquisition, exploration and development of alternative energy/fuel projects focusing on uranium, lithium, cobalt and other critical energy and fuel elements. Azincourt is actively building a portfolio of projects that will meet the world’s increasing need to power the future. Currently the Company is developing uranium projects in the Athabasca basin as well as lithium pegmatite projects in Manitoba... LEARN MORE

No Internet Connection