Categories
Junior Mining

Lion One Encounters Multiple High-Grade Gold Intercepts at Tuvatu


Press Release

Lion One Metals 

(TSX.V: LIO | OTCQX: LOMLF)

“We are very pleased with the multiple high-grade intercepts encountered in our first deep drill hole at Tuvatu,” commented Dr. Quinton Hennigh, technical advisor to Lion One. “As anticipated, we see high-grade mineralization extending and evolving at depth. As we continue to drill additional deep holes, we hope to gain a better understanding of the underlying plumbing system that brought up gold-rich fluids and ultimately discover the root feeder or feeders that gave rise to the Tuvatu lode complex. Alkaline gold deposits are known to extend to great depths, so we have plenty of room to explore. And thanks to our recent encouraging BLEG results, we now know we have an extensive anomalous area within the northern part of the Navilawa caldera to explore for extensions of this robust gold system. Thanks to our recent over-subscribed private placement, our C$18 million treasury will allow us to aggressively explore the Navilawa Caldera for the very first time.”

LION ONE METALS

T: 604.998.1250
E: info@liononemetals.com


Categories
Junior Mining Precious Metals

Group Ten Drills 272 m of 1.90 g/t Pt Equivalent (0.42% Ni Equivalent), Starting from Surface and Including Continuous Palladium, Platinum, Gold, Nickel, Copper and Cobalt Mineralization, at the Iron Mountain Target Area at Stillwater West


Press Release


Town Hall Registry

Group Ten Metals

 (TSX:V: PGE | OTCQB: PGEZF)

 

Michael Rowley, President and CEO, commented, “We are very pleased with the results of our first drill program in the Iron Mountain target area, with all three holes delivering some of the longest intervals of mineralization ever encountered in the Stillwater district. We have now confirmed the presence of wide intervals of nickel and copper sulphide mineralization starting from surface that are enriched in platinum, palladium, gold, and cobalt.  Overall the results provide an essential proof-of-concept for the presence of “Platreef-style” bulk tonnage mineralization in the lower Stillwater Complex. Our work is identifying much larger mineralized systems than have previously been recognized in the Stillwater Complex, with results that are comparable to the style of mineralization found in the Platreef of South Africa’s Bushveld Complex, host to some of the world’s largest nickel-copper sulphide hosted PGE mines. These new drill results provide valuable information for our 3D block models and advancement of the HGR mineralized zone towards delineation of a first resource. We look forward to reporting additional drill results in the coming weeks from the neighboring Camp Zone and Chrome Mountain target areas, as well as our target definition and refinement programs at earlier-stage targets across the 25-kilometer-wide project.”

Group Ten Metals Inc.

Suite 904 – 409 Granville Street
Vancouver, BC V6C 1T2

Tel: +1 (604) 357-4790
Email: info@grouptenmetals.com

https://youtu.be/FBYrTizr6DE

Categories
Junior Mining

Great Bear Drills New “Gap” Zone: 16.80 g/t Gold Over 4.15 m and 1.25 g/t Gold Over 45.50 m; Auro Zone Drilling Intersects 241.88 g/t Gold Over 1.20 m Within 48.67 g/t Gold Over 8.70 m


Press Release

Great Bear Resources

(TSX.V: GBR | OTCQX: GTBDF)

Chris Taylor, President and CEO of Great Bear said, “With the discovery of high-grade gold mineralization in the new Gap area, the last significant undrilled segment of the LP Fault between the Bear-Rimini and Viggo zones is being successfully filled.  Remarkably, all (100%) of the drill holes completed into the LP Fault structure to-date have intersected similar gold mineralization and host geology.  Results continue to support continuity of gold mineralization along more than 4 kilometres, which remains open along strike and at depth.  Our drilling strategy for 2020 is threefold: 1) We plan to continue the discovery process through drill-testing of new targets across the project, 2) we plan to continue significant step-out drilling over 12 kilometres of the 18 kilometre LP Fault, and 3) we will undertake concurrent closely spaced drilling in areas where we have already successfully intersected gold.”

Contact Great Bear Resources:
Phone : 604-646-8354
Email: info@greatbearresources.ca


Categories
Junior Mining

Irving Resources’ First Drill Holes at Omui Mine Site Return High-Grade Gold and Silver (Au-Ag)


Press Release

Irving Resources

(TSX.V: IRV | OTC: IRVRF)

“We are excited by the high grades seen in our first two holes from Omui Mine site,” commented Dr. Quinton Hennigh, director and technical advisor to Irving. “Given these intercepts occur high in the system, we think they bode well for the discovery of further high grade veins within the boiling zone below. Our first deep hole, 19OMI-010, has intersected multiple veins displaying clear indications of boiling and provides us our first glimpse of the deeper part of the system at Omui. We eagerly await further assays from this exciting discovery at our Omu Gold Project.”

INVESTOR RELATIONS:

Email: Info@IRVresources.com
Tel: 604-682-3234



Categories
Base Metals Energy Junior Mining

Nevada Copper Commences Production At Pumpkin Hollow


Press Release

Nevada Copper 

(TSX: NCU | OTC: NEVDF)

Matt Gili, Chief Executive Officer of Nevada Copper, stated “I am delighted that Pumpkin Hollow has commenced concentrate production, making it the first new copper producer in the US in over a decade. This is a transformational moment for Nevada Copper, and I want to thank our team, construction and finance partners for their dedication throughout this process. Considering the construction decision was made only sixteen months ago, it is a remarkable achievement to have reached this point on schedule and it speaks to the commitment of our team and the support of our shareholders and stakeholders.”

“Commencement of production is monumental for Nevada Copper, but is just the first key milestone for the Company,” Gili added. “Pumpkin Hollow has multiple avenues for growth, including an advanced-stage, large-scale open pit project and our significant regional exploration targets.”

INVESTOR RELATIONS

Rich Matthews

rmatthews@nevadacopper.com

Phone: (604) 683-8266

 

https://vimeo.com/379633800

Categories
Junior Mining

Millrock Enters Definitive Exploration Agreement on Goodpaster Gold Project and Project Name Change, Alaska


Press Release

Millrock Resources

 (TSX.V: MRO | OTCQB: MLRKF)

Millrock President & CEO commented: “Millrock is very pleased to enter this agreement and we have enjoyed the first 60 days of collaboration with Resolution. The Aurora target is a compelling prospect and is now ready for immediate drilling. The target is located just west of the Pogo Gold Mine, where mine owners Northern Star Resources have announced a new gold deposit discovery* a short distance from the shared claim boundary. The planned US$5,000,000 exploration program for 2020 will provide adequate funds for a thorough drill test of the Aurora target and advancement of the numerous other prospects evident on the claim block. Millrock and Resolution share the view that the Goodpaster Gold District has the potential to become one of the world’s great gold mining camps. We aim to discover another ore body like Northern Star’s Pogo Gold Mine which has produced more than 4 million ounces of gold and is reported by Northern Star to have remaining resources and reserves of approximately 6 million ounces*”. 

INVESTOR INQUIRIES

Melanee Henderson
Investor Relations
Direct: 604-638-3164
Email: mhenderson@millrockresources.com


Categories
Junior Mining

Pure Gold Drilling Intersects High Grade Gold Mineralization at 8 Zone Gap and Wedge


Press Release

Pure Gold Mining

(TSX.V: PGM | OTCQB: LRTNF)

“Over the last several months we have seen an exciting major resurgence in investment and interest in the Red Lake District and Pure Gold continues to lead this charge,” stated Darin Labrenz, President and CEO of Pure Gold. “Today’s exploration results include a new gold-bearing pierce-point in the gap between Russet South at surface and the deeper 8 zone, confirming the new mineralized corridor described in the October 9, 2019 news release and establishing geologic continuity between these two high grade zones.3  With this new discovery, and the continued exploration success at Wedge we are pushing well beyond the boundaries of our previous feasibility study.1 Deep pierce points along the entire seven kilometer trend intersecting the same style of mineralization, geology, alteration and high-grade gold support the opportunity for growth and scalability of the project for the long term. Today’s results continue to crystallize this opportunity, with drilling successfully pushing the envelope downward at Wedge and a second test of the 8 zone gap returning high grade gold.  Importantly, all of this sits within reach of a mine and milling complex expected to be in production in Q4 2020, providing clear support for the opportunity for a phased approach to growth of the Madsen Red Lake Mine into a major regional producer.”  

Investor inquiries:
Adam O’Brien Investor Relations
Tel: 604-646-8000 ex. 223
info@puregoldmining.ca

 


Categories
Junior Mining

Novo Discovers New Terrace Gold at Egina; Receives Positive Initial Sorting Test Results


Press Release

Novo Resources

(TSX.V: NVO | OTCQX: NSRPF)

“Recent exploration and mechanical sorting success at Egina have capped a very good year for this exciting gold project,” commented Quinton Hennigh, President and Chairman of Novo Resources Corp. “We recently commenced broad scale exploration activities with the aim of identifying at least five new areas of highly prospective gold-bearing gravels. Our first two targets, South Egina and Paradise, have yielded early, but very promising indications of appreciable gold in terrace gravels. With recent heritage surveys now complete, we are in an excellent position to test yet further targets over the next few months. On top of these critical advancements in exploration, our initial results from mechanical sorting tests of Egina gravels show excellent promise for high recovery of gold into very small mass concentrates. Given most Egina gold appears to be of size that can be sorted, such processing will likely prove the critical advancement that unlocks this vast gold project.”

Investor Relations:

Leo Karabelas, VP of Corporate Communications
Telephone: (416) 543-3120
E-mail: leo@novoresources.com


Categories
Precious Metals

Who Should You Listen To?…I say, Listen To Yourself


Musing

David Schectman, the founder of Miles Franklin Precious Metals Investments, has just released his latest musing that is a great reminder of why one should have an allocation towards physical precious metals. We are buying Silver and Platinum bullion, along with Numismatic Gold.

Contact me, Maurice Jackson, before you make your next physical precious metals purchase at 855.505.1900 or email maurice@milesfranklin.com