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Junior Mining Precious Metals

Dolly Varden Silver Expands Drill Program and Adds Fourth Drill Rig

Vancouver, British Columbia–(Newsfile Corp. – September 7, 2022) – Dolly Varden Silver Corporation (TSXV: DV) (OTCQX: DOLLF) (the “Company” or “Dolly Varden“) is pleased to announce that a fourth drill rig has been added to the ongoing Kitsault Valley exploration drill program located in the Golden Triangle of northwest BC. Additionally, based on encouraging visual results, the program has been expanded to include an additional 5,000m of drilling bringing the total planned program to 35,000m.

“Our expanded program will focus on four key areas, prioritizing step-out drilling at Wolf and Kitsol where visual intercepts of mineralization and assays received to-date, have been very encouraging. Additionally, geophysical surveys, surface sampling and mapping have developed multiple exploration drill targets that will be tested during our expanded program,” said Shawn Khunkhun, President and CEO of Dolly Varden Silver.

The additional drilling will be allocated to follow up on exploration success at multiple zones and to test new exploration targets in four key areas:

  • Continued step-out drilling at the Wolf Deposit where drilling has extended vein mineralization 175m along strike and to a depth of 500m beneath the sediment cover and remains wide open for expansion.
  • Follow-up drilling to test down-plunge expansion of the mineralization at Kitsol, where drill hole DV22-283 intersected 414 g/t Ag over 50.18m (30.11m true width)(news release, August 10, 2022).
  • Drill testing several new chargeability anomalies along the western Red Point gold belt recently identified from an Induced Polarization (IP) ground geophysical survey.
  • Additional Resource Expansion holes to the north of the Homestake Main Deposit

Over 25,000m of drilling in 80 drill holes has been completed to date with three drills. With the addition of the 4th drill, the program is on schedule to drill a total of 35,000m by the end of September 2022.

Initial Drilling at the Wolf Vein followed up on the 2021 intercept of 17.50m averaging 214 g/t Ag and 0.47% Pb including 1.22 m averaging 1,532 g/t Ag, 0.44 g/t Au, 2.11 % Pb and 1.07% Zn (news release, December 20, 2021) and associated alteration underneath the central valley sediment cap has encountered a robust mineralizing system that has been drilled so-far to a depth of 500m and along strike an additional 175m to the southwest. The system remains open thus far and is interpreted to be getting wider closer to the center of the valley fold axis and geophysical anomalies. Assays are currently pending for Wolf Zone drilling.

At the Red Point Prospect, surface grab samples of high level vein float returned 6,280g/t Ag and 106 g/t Ag with 5.82 g/t Au. A subsequent IP line completed by Simcoe Geoscience using their Alpha Wireless Time Domain Distributed IP technology crossed over the zone of veining and shows a strong Chargeability anomaly indicative of sulphides approximately 200m below surface with narrow extensions up to surface where the float samples were collected.


 
2D IP Chargeability Model
 
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1728/136214_05d5ce21d412a8ee_002full.jpg

Dolly Varden’s initial program includes 99 drill holes planned in the phase I program. Resource upgrade and down plunge expansion drilling is underway at the Homestake Ridge Deposit with three drills. The fourth drill is performing exploration drilling north of the Homestake Main resource area, testing the projection of the mineralized structures up to 500m north of the deposit.

The Kitsault Valley Project combined current mineral resource estimate contains 34.7 million ounces of silver and 166 thousand ounces of gold in the Indicated category and 29.3 million ounces of silver and 817 thousand ounces of gold in the Inferred category within a 163 square km consolidated land package.

Quality Assurance and Quality Control

The Company adheres to CIM Best Practices Guidelines for exploration related activities conducted on its property. Quality Assurance and Quality Control (QA/QC) procedures are overseen by the Qualified Person.

Dolly Varden QA/QC protocols are maintained through the insertion of certified reference material (standards), blanks and field duplicates within the sample stream. Drill core is cut in-half with a diamond saw, with one-half placed in sealed bags and shipped to the laboratory and the other half retained on site. Third party laboratory checks on 5% of the samples are carried out as well. Chain of custody is maintained from the drill to the submittal into the laboratory preparation facility.

Analytical testing was performed by ALS Canada Ltd. in North Vancouver, British Columbia. The entire sample is crushed and a 500 gram split is pulverized to minus 200mesh. Multi-element analyses were determined by Inductively-Coupled Plasma Mass Spectrometry (ICP-MS) for 48 elements following a 4-acid digestion process. High grade silver testing was determined by Fire Assay with either an atomic absorption, or a gravimetric finish, depending on grade range. Au is determined by Fire Assay on a 30g split.

Qualified Person

Rob van Egmond, P.Geo. Vice-President Exploration for Dolly Varden Silver, the “Qualified Person” as defined by NI43-101 has reviewed, validated and approved the scientific and technical information contained in this news release and supervises the ongoing exploration program at the Dolly Varden Project.

About Dolly Varden Silver Corporation

Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its 100% held Kitsault Valley Project (which combines the Dolly Varden Project and the Homestake Ridge Project) located in the Golden Triangle of British Columbia, Canada, 25kms by road to tide water. The 163 sq. km. project hosts the high-grade silver and gold resources of Dolly Varden and Homestake Ridge along with the past producing Dolly Varden and Torbrit silver mines. It is considered to be prospective for hosting further precious metal deposits, being on the same structural and stratigraphic belts that host numerous other, on-trend, high-grade deposits, such as Eskay Creek and Brucejack. The Kitsault Valley Project also contains the Big Bulk property which is prospective for porphyry and skarn style copper and gold mineralization, similar to other such deposits in the region (Red Mountain, KSM, Red Chris).

Forward-Looking Statements

This release may contain forward-looking statements or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including, without limitation, statements containing the words “believe”, “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “potential”, and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Dolly Varden to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward-looking statements or information in this release relates to, among other things, the 2022 drill program at the Kitsault Valley Project, the results of previous field work and programs and the continued operations of the current exploration program, interpretation of the nature of the mineralization at the project and that that the mineralization on the project is similar to Eskay and Brucejack, results of the mineral resource estimate on the project, the potential to grow the project, the potential to expand the mineralization and our beliefs about the unexplored portion of the property.

These forward-looking statements are based on management’s current expectations and beliefs and assume, among other things, the ability of the Company to successfully pursue its current development plans, that future sources of funding will be available to the company, that relevant commodity prices will remain at levels that are economically viable for the Company and that the Company will receive relevant permits in a timely manner in order to enable its operations, but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.

For additional information on risks and uncertainties, see the Company’s most recently filed annual management discussion & analysis (“MD&A“) and management information circular dated January 21, 2022 (the “Circular“), both of which are available on SEDAR at www.sedar.com. The risk factors identified in the MD&A and the Circular are not intended to represent a complete list of factors that could affect the Company.

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

For further information: Shawn Khunkhun, CEO & Director, 1-604-609-5137, www.dollyvardensilver.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/136214

Categories
Base Metals Energy Junior Mining Precious Metals Project Generators

BHP And Riverside Resources Extend Sonora Mexico Exploration with Budget of US$1,600,000 in Funding Focused on Four Copper Properties and Llano De Nogal

Vancouver, British Columbia–(Newsfile Corp. – September 6, 2022) – Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) (“Riverside” or the “Company”), is pleased to report that the BHP – Riverside Exploration Funding Agreement (“EFA”) will be extended into a fourth year. Building on the past three years of BHP fully funded generative exploration work, the EFA will move into the next exploration phase focusing on five copper projects in Sonora, Mexico (see Figure 1) with a currently approved US$1,100,000 in exploration funding to work on the Llano de Nogal district and US$500,000 in ongoing High Value Work programs in the Sonora Projects for a total so far allocated budget of US$1,600,000 exploration work on the specified properties in the EFA.

The approved next phase of work focuses toward property specific funding to advance the current priority projects with derisking exploration, geophysics, geology, geochemistry, mineral titles, and other related mineral exploration aspects to progress towards drilling and drill decisions. Additional expanded budgets for drilling will be added as projects are moved forward to the Operational Phase for the BHP -Riverside EFA. To that effect, Riverside has experience in all aspects of the upcoming work, as Riverside has managed this successfully in earlier exploration alliances with Kinross Gold, Antofagasta, Cliffs, and Hochschild among others.

Riverside’s President and CEO, John-Mark Staude, commented: “We are pleased to see our partnership with BHP progress from the generative phase into more focused exploration work across the portfolio of projects we’ve acquired and advanced to-date. Now that our partnership with BHP is focusing on a priority group of copper projects, the extensive data, relationships and additional targets we’ve generated within the broader EFA area can also be leveraged and pursued by Riverside. The solid funding support by BHP builds beyond Riverside’s strong balance sheet and other projects. The Company owns and anticipates catalysts in the coming quarter.“

This exploration program is coordinating with the technical teams from BHP and Riverside Resources to work together towards programs which are jointly defined by both companies, while Riverside continues to be the EFA Operator. The five projects that are moving forward are called collectively the “Sonora Projects”. BHP and Riverside will progress the Sonora Projects exploration for large Tier 1 scale porphyry Cu targets and work toward drilling where the majority ownership and funds from BHP could earn a minimum of 80%. Once any of the Sonora Projects are named a Designated Project and moved to the Operational Phase, the partnership continues through a funding by BHP of at least $4M into each project, as outlined in earlier news releases, with Riverside retaining an NSR on projects, should BHP earn an interest and Riverside does not choose to continue as JV partner.

BHP and Riverside will now focus the EFA on Sonora Projects with additional funding to be fully funded by BHP for this fourth year, with emphasizing on drill targeting, permitting, preparation for future drill testing of identified assets and expand on the work programs of the five projects noted below.

The Technical Committee, comprised of both BHP and Riverside personnel, reviewed and visited prospective areas in Sonora, identified during the Generation Phase of the EFA, and singled out a portfolio of five priority copper projects, which are inside of two reduced focused zones and specific property boundaries.

Figure 1: Progressing five projects inside of two focused areas for the BHP – Riverside funded work extended EFA.

To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/6101/136027_3ad3038cc48b5a6a_002full.jpg

Additionally, with the thorough evaluations completed by the BHP – Riverside EFA, the Company and BHP now hold a comprehensive and unique data set on Sonora’s porphyry copper potential. Certain prospective target areas were not selected within the EFA framework for various reasons but still have significant potential to host large copper deposits, and both parties can now pursue these opportunities themselves. Moreover, Riverside is also working up four Additional Properties that are mutually agreed for BHP to consider and could be added to the Sonora Projects. These additional properties have yet to reach an on-going funding decision and if not, then may become part of the going forward target ideas that Riverside could pursue as well as the larger exploration region in the coming months.

Options Grant

On September 2nd, 2022 the Company granted 1,000,000 incentive stock options (the “Options”) to Directors, Officers and Consultants of the Company. The Options are exercisable at $0.13 per share for a period of 5 years from the date of grant. Options granted to individuals in their capacity as a Director vest in 3 equal instalments over 18 months and Options granted to Officers and Consultants vest in 4 equal instalments over 12 months. The Options were granted pursuant to the Company’s shareholder-approved stock option plan and are subject to the policies of the TSX Venture Exchange and any applicable regulatory hold periods.

About Riverside Resources Inc.:

Riverside is a well-funded exploration company driven by value generation and discovery. The Company has over $4M in cash, no debt and less than 75M shares outstanding with a strong portfolio of gold-silver and copper assets and royalties in North America. Riverside has extensive experience and knowledge operating in Mexico and Canada and leverages its large database to generate a portfolio of prospective mineral properties. In addition to Riverside’s own exploration spending, the Company also strives to diversify risk by securing joint-venture and spin-out partnerships to advance multiple assets simultaneously and create more chances for discovery. Riverside has properties available for option, with information available on the Company’s website at www.rivres.com.

ON BEHALF OF RIVERSIDE RESOURCES INC.

“John-Mark Staude”

Dr. John-Mark Staude, President & CEO

For additional information contact:

John-Mark Staude
President, CEO
Riverside Resources Inc.
info@rivres.com
Phone: (778) 327-6671
Fax: (778) 327-6675
Web: www.rivres.com

Mehran Bagherzadeh
Corporate Communications
Riverside Resources Inc.
Mehran@rivres.com
Phone: (778) 327-6671
TF: (877) RIV-RES1
Web: www.rivres.com

Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward-looking terminology (e.g., “expect”,” estimates”, “intends”, “anticipates”, “believes”, “plans”). Such information involves known and unknown risks — including the availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/136027

Categories
Base Metals Copper Bullet Mines Emx Royalty Energy

“Copper is the New Oil”

According to Goldman Sachs

By 2025, the metals could be priced at $15,000 a tonne (U$6.80 per pound), a rise of 66%. (current copper price is $9,300 per tonne (U$4.24 per pound)) Goldman said in a report titled “Copper is the new Oil”

​

The report also drills down into three drivers of green copper demand: electric vehicles (EVs); solar power and wind power. The bank estimates that 5.1 million EVs likely will be sold in 2021, rising to 31.51 million EVs in the year 2030. It also forecasts that 30 million charging units will be installed in 2030.

​

A rising tide of electrification, as many countries seek to lower their emissions through developing new technologies, promises robust demand for years to come. Global copper production would need to rise by between 3% and 6% per annum by 2030 for countries to meet the targets of the Paris Agreement on climate change, according to a Sept. 14 Bernstein Research note. 

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Uncategorized

Chilean voters overwhelmingly reject proposed leftist constitution

(CNN)Chilean voters resoundingly rejected a newly proposed constitution in a referendum on Sunday.

With 98% of the ballots counted, 62% of voters rejected the proposal with 38% voting in favor, according to the Chile Electoral Service.
The new constitution would have provided full gender parity, added designated seats for indigenous representatives, and increased environmental regulations.
The constitution currently in place was written under the dictatorship of Augusto Pinochet, who ruled the country from 1973 to 1990.
On Saturday night ahead of the opening of polls Sunday morning, Chilean President Gabriel Boric tweeted, “In Chile, we resolve our differences with more democracy, never with less. I am deeply proud that we have come this far.”
The proposed change was initiated in 2020 when then-president Sebastien Piñera called a referendum on creating a new constitution amid social turmoil and popular discontent sparked by a metro fare increase in October 2019.
In October 2020, more than 78% of Chilean voters approved a plebiscite that proposed constitutional change, and in June 2021, they cast their ballots again to pick the members for a constituent assembly.
The Constitutional Assembly was the first in the world to have full gender parity and the first in the country´s history to include designated seats for indigenous representatives.
Supporters were hopeful its progressive stance would be reflected in a new, updated constitution.
Some waved flags as they celebrated the rejection of the proposed constitution.
Some waved flags as they celebrated the rejection of the proposed constitution.
And the constitutional process itself was praised internationally for giving the country an institutional way out of a social crisis, and for responding to modern Chileans’ demands for more equality and a more inclusive and participatory democracy.
After much deliberation, the final draft of the revised constitution was submitted to Piñera’s successor, leftist Gabriel Boric, in July this year.
But although most Chilean voters supported the idea of constitutional change back in October 2020, divisions appeared over the proposed draft.
Soon after the draft was made public, different polls began showing an increasing trend toward the rejection of the charter, with the government publicly recognizing that scenario.
The defeated constitution would have one of the most progressive in the world, giving the state a front-line role in the provision of social rights.
The draft put a strong emphasis on indigenous self-determination and on the protection of the environment, and would have dismantled the highly privatized water rights system. It had required gender equality in all public institutions and companies, and enshrined the respect for sexual diversity. It also envisaged a new national healthcare system.
But the project became bitterly divisive.
The right argued the draft would shift the country too far left, or that it was too ambitious and difficult to turn into efficient laws. In the lead-up to the vote, even some of its supporters on the left wanted adjustments made, with their slogan “approve to reform.”
Images from the country’s capital Santiago on Sunday show a sombre mood among supporters of the constitution, while others celebrated the news it had been voted down.
CNN’s Michelle Velez, Daniela Mohor W. and Jorge Engels contributed to this report.

Categories
Base Metals Energy Exclusive Interviews Junior Mining Precious Metals

Rover Metals – New Flagship, Critical Minerals, Brownfields

Joining us for a conversation is Judson Culter the CEO of Rover Metals to discuss the company’s newest project acquisition, the Indian Mountain Lake Project, representing approximately 30,000 acres of greenstone belt, that will offer shareholders exposure to critical minerals – Zinc, Lead, Silver, and Copper.

0:00 Introduction
0:35 Rover Metals Company Overview
1:00 Indian Mountain Lake – Critical Minerals Project (Brownfields)
3:13 (3%) Blue Sky Potential
4:07 New Flagship – Zinc, Lead, Silver, Copper
5:43 Genetic Model
7:46 Infrastructure
10:18 Goals this year on the Indian Mountain Lake Project
11:42 Exploration Work – Twin and or Step Out Drilling
12:57 News flow for the 2022
14:55 Capital Structure
15:23 Message for Shareholders
17:06 What did I forget to ask

Rover Metals has an option to own a 90% interest in the Indian Mountain Lake Volcanic Massive Sulphide project, NT, Canada. The Indian Mountain Lake Project is the Company’s first district scale land package, representing approximately 30,000 acres of greenstone belt. The project has a historical Zinc-Copper-Lead-Silver geological resource. The Indian Mountain Lake VMS Project has had exploration dating back to the 1940s and has a historical resource spread across four zones on the project. The BB Zone and Kennedy Lake Zone have a combined historic resource of 1,400,000 tons grading 10% combined zinc and lead with 3.5 OPT (ounces per ton) of silver. Approximately 900 metres west of the BB Zone, the Kennedy Lake West Zone has a historic resource of 610,000 tons grading 1.15% copper. About 8 km southeast of the BB Zone, the Susu Lake Zone, has a historical resource consisting of 142,500 tons grading 0.95% copper*.

The property is located approximately 195 km east-northeast of Yellowknife, NT, off the eastern arm of Great Slave Lake. Seasonal access relies upon fixed or rotor wing support. A right of way was cleared to the project from Thompson Landing in the 1970’s. If this right of way were to be brushed out it would provide barge access at Thompson Landing, from Yellowknife, with ground transportation, considerably lowering any logistical costs. Future Government of Canada federally funded hydro-energy infrastructure could come close to the project if the Taltson Hydro Dam expansion proceeds through the eastern arm of Great Slave Lake into Yellowknife. At the southwest-end of Great Slave Lake, Osisko Metals is gearing up to reopen the Pine Point Zinc-Lead Mine. At nearby Hay River, NT, there is a rail line to the Teck Resources Zinc Refinery in Trail, BC.

*These resources are historic in nature. Further drilling is needed to bring them up to CIM Definition Standards. The historic data has not been verified by Rover. The historic information is provided in the 2103 Assessment Report for Indian Mountain Lake which is in public record with the Government of the Northwest Territories. Technical information has been approved by Gary Vivian, M.Sc., P.Geo., QP for the purposes of NI 43-101.

The Company’s management believes that the Indian Mountain Lake VMS Project has the potential to be a Tier 1 Zinc and Copper project. The historical resource represents only 3% of the total land package. The blue sky on the remaining 97% of the greenstone belt is: (1) for additional zinc resources and (2) a significant new copper discovery. Historical workings also document the presence of copper-gold skarn systems. The historic zones are open along strike and below a vertical depth of 150 meters.

In Canada, Zinc and Copper are on the Federal Government’s Critical Minerals List, and part of the Canadian Government’s Critical Minerals Strategy. As a result, the project qualifies for the 30% critical mineral flow-through investor tax credit. Zinc-Copper-Lead-Silver are also on the U.S. Critical Minerals List.

Metals trades under the symbol “ROVR” on the TSXV. Rover also obtained a public co-listing of its securities on the OTCQB on January 17, 2019 (OTCQB: ROVMF), and on the Frankfurt Stock Exchange on February 1, 2021 (FRA: 4XO).

On August 9, 2018, Rover Metals acquired a 100% interest in the Cabin Lake Property completing its area play for the Cabin Lake Group of Gold Projects. The Cabin Lake Group of Gold Projects are located 110 km northwest of Yellowknife and 20 km southeast of Fortune Minerals’ NICO Project and close to the new Tlicho All Season Road. The properties hosts high-grade gold in iron formation in archean metasedimentary.

On September 9, 2016, Rover Metals Optioned up to a 100% interest in the Up Town Gold Property. The Up Town Gold Property is a high grade Archean lode gold prospect adjoining the Giant Mine in Yellowknife, Northwest Territories. The Property consists of 6 claims covering 3,227 hectares and borders the west side of the Giant Mine leases. The Property centre is approximately 6 km north from downtown Yellowknife, and adjoins Gold Terra’s Northbelt claims.

Website: https://rovermetals.com/index.html
Corporate Presentation: https://rovermetals.com/pitchdeck/ROVR-presentation.pdf

Fact Sheet: https://rovermetals.com/s/Rover_FactSheet_v07-letter_web.pdf

Website | https://www.provenandprobable.com

Contact: Contact@provenandprobable.com

PRECIOUS METALS:
Call me directly at 855.505.1900 or email: Maurice@MilesFranklin.com
Precious Metals FAQ – https://www.milesfranklin.com/faq-maurice/

Proven and Probable
Where we deliver Mining Insights & Bullion Sales. I’m a licensed broker for Miles Franklin Precious Metals Investments, where we provide unlimited options to expand your precious metals portfolio, from physical delivery, offshore depositories, and precious metals IRA’s. Call me directly at (855) 505-1900 or you may email maurice@milesfranklin.com.

Proven and Probable provides insights on mining companies, junior miners, gold mining stocks, uranium, silver, platinum, zinc & copper mining stocks, silver and gold bullion in Canada, the US, Australia, and beyond.

Categories
Base Metals Emx Royalty Energy Junior Mining Precious Metals

EMX Purchases Royalty Portfolio over Nevada Gold Projects from Nevada Exploration

Vancouver, British Columbia–(Newsfile Corp. – September 2, 2022) – EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (FSE: 6E9) (the “Company” or “EMX”) is pleased to announce it has executed a purchase and sale agreement (the “Agreement”) for a portfolio of royalties, with Pediment Gold LLC, a wholly-owned subsidiary of Nevada Exploration Inc. (“NGE”) for $500,000. The portfolio consists of a 2% NSR royalty on NGE’s Nevada gold exploration portfolio covering ~62.5 square miles in Nevada and includes four district-scale land positions as well as certain other interests. In addition, if NGE options, farms out, or sells a project, beginning on the first anniversary of the third-party agreement, EMX will receive annual advanced royalty payments (“AAR”) of $20,000 that escalate $10,000 per year and are capped at $50,000. NGE has the right to buy back half of EMX’s 2% NSR by purchasing a 0.5% NSR interest for $1,000,000 anytime prior to the 7th anniversary of the Agreement and then, if the first NSR interest is purchased, purchasing the second 0.5% NSR interest anytime prior to production for $1,500,000.

Discussion of the Portfolio. NGE’s portfolio covers approximately 62.5 square miles of prospective mineral rights in Nevada and targets both Carlin and epithermal precious metal mineralization. NGE has advanced these projects from initial targeting, using NGE’s in-house ground water sampling programs and databases, and property acquisition through the collection of various geophysical datasets, geologic mapping, further bore-hole ground water sampling and in several cases, drill defined geologic orientation studies to further refine targets undercover. The portfolio was built over a decade with more than $10,000,000 spent in exploration advancing the projects. EMX’s royalty footprints cover these key tracks of ground and provides exceptional exploration and royalty upside.

Qualified Person. Michael P. Sheehan, CPG, a Qualified Person as defined by NI 43-101 and employee of the Company, has reviewed, verified and approved the above technical disclosure.

About EMX. EMX is a precious, base and battery metals royalty company. EMX’s investors are provided with discovery, development, and commodity price optionality, while limiting exposure to risks inherent to operating companies. The Company’s common shares are listed on the NYSE American Exchange and TSX Venture Exchange under the symbol “EMX”, and also trade on the Frankfurt exchange under the symbol “6E9”. Please see www.EMXroyalty.com for more information.

For further information contact:

David M. Cole
President and CEO
Phone: (303) 973-8585
Dave@EMXroyalty.com

Scott Close
Director of Investor Relations
Phone: (303) 973-8585
SClose@EMXroyalty.com

Isabel Belger
Investor Relations (Europe)
Phone: +49 178 4909039
IBelger@EMXroyalty.com

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

Forward-Looking Statements

This news release may contain “forward-looking statements” that reflect the Company’s current expectations and projections about its future results. These forward-looking statements may include statements regarding perceived merit of properties, exploration results and budgets, mineral reserves and resource estimates, work programs, capital expenditures, timelines, strategic plans, market prices for precious and base metal, or other statements that are not statements of fact. When used in this news release, words such as “estimate,” “intend,” “expect,” “anticipate,” “will”, “believe”, “potential” and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company’s future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause the Company’s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and factors may include, but are not limited to unavailability of financing, failure to identify commercially viable mineral reserves, fluctuations in the market valuation for commodities, difficulties in obtaining required approvals for the development of a mineral project, increased regulatory compliance costs, expectations of project funding by joint venture partners and other factors.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, including the risks and uncertainties identified in this news release, and other risk factors and forward-looking statements listed in the Company’s MD&A for the quarter ended June 30, 2022 (the “MD&A”), and the most recently filed Annual Information Form (“AIF”) for the year ended December 31, 2021, actual events may differ materially from current expectations. More information about the Company, including the MD&A, the AIF and financial statements of the Company, is available on SEDAR at www.sedar.com and on the SEC’s EDGAR website at www.sec.gov.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/135861

Categories
Uncategorized

Canada’s Mountain Province Diamonds says worker dies at Gahcho Kue mine

Sept 2 (Reuters) – Mountain Province Diamonds Inc said on Friday that an employee from a contractor died due to injuries sustained in an incident at Gahcho Kue mine in Canada’s Northwest Territories.

The cause of the incident, which happened on Thursday, was unclear and all non-essential work at the mine has been stopped.

The mine is a joint venture between Canada’s Mountain Province Diamonds and De Beers Group, which owns 51%.

“The circumstances around what happened are under investigation by the appropriate authorities,” the companies said. (Reporting by Ankit Kumar; Editing by Maju Samuel)

Categories
Uncategorized

Forced Diversity: A Social Disaster

Maritime Resources

Over the last couple of years, public companies have been arm-twisted into promoting certain people to meet diversity criteria. Of course, this has come at the cost of meritocracy and has become a rationality trap. Forced diversity does tremendous social harm, although when accepted as a necessity, individual companies lose out if they don’t have a diversity program. Fund Managers are hesitant to invest in companies that do not have at least a woman on the board of Directors. Big companies and even junior mining companies have been forced into implementing diversity. Here are my thoughts:

On Investments

I have written about Maritime Resources (MAE; $0.045) several times. I pay close attention, for I am likely the largest non-institutional shareholder. MAE recently released a news release about the completion of a feasibility report. The report is yet to be filed, but it meets most of my expectations.

MAE is trading for its lowest ever. It had a working capital of $0.5 million on 30th June 2022. The quarterly corporate expenses are more than $0.6 million. This means that MAE likely has a working capital deficit today and must be desperate to raise money.

If they raise one-third of the capital requirement in equity, MAE will get diluted by >100%, even if they issue no warrants, destroying any upside. Investors knowing fully well that the company needs cash, have no reason to buy at $0.05, which is also the lowest price at which the stock exchange allows companies to raise money. So, I cannot see why investors would give a bid higher than $0.045 and not sell at $0.05.

MAE share price is stuck in a $0.04 and $0.05 range. And there is no significant news awaited to lift the share price. I don’t envy the management, and I certainly don’t envy my position as a shareholder.

A few years back, Signal Gold made a hostile bid for MAE for half of their share. If the same offer came again, it would be worth $0.20. I don’t see such an offer coming. Still, a merger with Signal would remove the corporate expenses related to MAE, a saving of $2.5 million per year, a significant value for a small company. Operationally, it would be a massive win-win. MAE has $25 per tonne ore as trucking costs. This should fall significantly if the mill of Signal is used. With lower operating costs, they can perhaps even reduce the grade delivered to the mill and increase the total resources. Signal would benefit from a higher-grade ore for their hungry mill.

What would Signal pay for MAE? I see enough value in MAE to get an offer between $0.075 and $0.14. Moreover, a three-way merger of MAE, Signal Resources, and Rambler Metals & Mining would significantly reduce the corporate expenses of these three small companies and provide several other operational synergies than what I have explained above.

What would I do now? I would buy MAE at $0.04, hoping that a corporate transaction would happen. And I do hope that they do not raise money at the current share price.

Jayant Bhandari

Disclaimer: All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment, or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. The sole purpose of these musings is to show my thinking process when analyzing a stock, not to provide any recommendations. I will not and cannot be held liable for any actions you take resulting from anything you read here. Conduct your due diligence, or consult a licensed financial advisor or broker before making any investment decisions. Any investments, trades, speculations, or decisions made based on any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.

Categories
Base Metals Energy Junior Mining Precious Metals

Collective Mining to Present at Precious Metals Summit Beaver Creek

Collective Mining Ltd.
Collective Mining Ltd.

TORONTO, Sept. 01, 2022 (GLOBE NEWSWIRE) — Collective Mining Ltd. (TSXV: CNL) (OTCQX: CNLMF) (“Collective” or the “Company”) is pleased to announce that Executive Chairman Ari Sussman will be participating at the upcoming 2022 Precious Metals Summit in Beaver Creek, Colorado taking place September 13-16, 2022.

The Company will be presenting on Tuesday, September 13th at 1:45pm in Room 1 and is also available for one-on-one meetings.

Management will be discussing its new Apollo discovery at its Guayabales project, which Executive Chairman Ari Sussman stated on August 29, 2022; “… the Apollo Main Breccia has all the right markers to evolve into a large-scale discovery.” Notable intercepts include:

  • APC-2: 207.15 metres @ 2.68 g/t AuEq.
  • APC-3: 180.6 metres @ 2.43 g/t AuEq.
  • APC-5: 268.0 metres @ 1.50 g/t AuEq.

The Company will further update investors on its ongoing 20,000 metre drill program where management expects to release new assay results over the short-term.

About Collective Mining Ltd.

To see our latest corporate presentation and related information, please visit www.collectivemining.com

Collective Mining is an exploration and development company focused on identifying and exploring prospective mineral projects in South America. Founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately $2 billion in enterprise value, the mission of the Company is to repeat its past success in Colombia by making significant new mineral discoveries and advance the projects to production. Management, insiders and close family and friends own nearly 45% of the outstanding shares of the Company and as a result, are fully aligned with shareholders.

The Company currently holds an option to earn up to a 100% interest in two projects located in Colombia. As a result of an aggressive exploration program on both the Guayabales and San Antonio projects, a total of eight major targets have been defined. The Company has made significant grassroot discoveries at both projects with near-surface discovery holes at the Guayabales project yielding 302 metres at 1.11 g/t AuEq at the Olympus target, 163 metres at 1.3 g/t AuEq at the Donut target and recently, at the Apollo target, 207.15 metres at 2.68 g/t AuEq, 89.4 metres at 2.46 g/t AuEg and 87.8 metres at 2.49 g/t AuEg. At the San Antonio project, the Company intersected, from surface, 710 metres at 0.53 AuEq. (See related press releases on our website for AuEq calculations)

Qualified Person (QP) and NI43-101 Disclosure

David J Reading is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 (“NI 43-101”) and has reviewed and verified that the technical information contained herein is accurate and approves of the written disclosure of same. Mr. Reading has an MSc in Economic Geology and is a Fellow of the Institute of Materials, Minerals and Mining and of the Society of Economic Geology (SEG).

Technical Information

Rock and core samples have been prepared and analyzed at SGS laboratory facilities in Medellin, Colombia and Lima, Peru. Blanks, duplicates, and certified reference standards are inserted into the sample stream to monitor laboratory performance. Crush rejects and pulps are kept and stored in a secured storage facility for future assay verification. No capping has been applied to sample composites. The Company utilizes a rigorous, industry-standard QA/QC program.

Contact Information

Collective Mining Ltd.
Steven Gold, Vice President, Corporate Development and Investor Relations
Tel. (416) 648-4065

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including, but not limited to, statements about the drill programs, including timing of results, and Collective’s future and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties, and assumptions. Many factors could cause actual results, performance, or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, Collective cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and Collective assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

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