Author: admin

EMX ROYALTY Congratulates Boreal on New High Grade Zinc-Silver-Lead-Gold Drill Results at the Gumsberg Royalty Property in Sweden

Post author By admin
Post date January 28, 2019

Vancouver, British Columbia–(Newsfile Corp. – January 28, 2019) – EMX Royalty Corporation (TSXV: EMX) (NYSE American: EMX) (the “Company” or “EMX”) is pleased to announce Boreal Metals Corp.’s (“Boreal”) recent diamond drill results and the discovery of a high grade zone of zinc-silver-lead-gold mineralization at EMX’s Gumsberg royalty property. EMX is a royalty holder on the Gumsberg project, and currently owns a 9.4% equity interest in Boreal. Gumsberg is located in the Bergslagen mining district of southern Sweden. The drill results include 11.00 meters averaging 5.90% zinc, 239.0 g/t silver, 2.51% lead, and 0.96 g/t gold in hole GUM-18-003, and 11.01 meters averaging 7.45% zinc, 275.1 g/t silver, 2.65% lead, and 0.77 g/t gold in hole GUM-18-004 (true widths estimated at 50% of reported interval lengths). EMX congratulates Boreal on its new high grade discovery, termed the South Zone, and looks forward to further advancement of the Company’s Gumsberg royalty interests.

Boreal reported results from the first four holes of its recently completed nine hole, 1,620.8 meter winter drill program, including GUM-18-003 and GUM-18-004, which intersected South Zone massive sulfide mineralization east and west of previously reported hole BM-17-005 (10.94 meters averaging 16.97% zinc, 656.7 g/t silver, 8.52% lead, and 0.76 g/t gold; true width estimated at 20-50% of reported interval length). The South Zone occurs near the historic Östra Silvberg mine, and is currently delineated as 130 meters of eastward plunging mineralization that remains open for expansion to the east and at depth. Holes GUM-18-001 and GUM-18-002, drilled west of the South Zone, did not return significant intercepts. GUM-18-001 terminated when it drilled into an unmapped mine working, and GUM-18-002 deviated from plan and failed to intersect the target horizon.

Boreal reported that additional assays pending from the remaining holes of the winter campaign are expected in the coming weeks. Please see Boreal’s news release dated January 28, 2019 for further details, and Appendix 1 of this news release for a table of drill results reported by Boreal.

EMX has a significant equity interest in Boreal, as well as its subsidiary company Boreal Energy Metals Corp. (“BEMC”), that resulted from the sale of Gumsberg and other royalty generation properties in Sweden and Norway^[1]. EMX retains uncapped 3% net smelter return (NSR) royalty interests on each of the properties sold to Boreal and BEMC^[2], including the Gumsberg project, and will receive annual advance royalty (AAR) payments and other considerations from the sale of the projects.

The Boreal agreements are an excellent example of EMX’s execution of the royalty generation aspect of the Company’s business model. EMX leveraged in-country geologic and business development expertise to acquire prospective properties on open ground, built value through low cost work programs and targeting, and partnered the projects for retained royalty interests, equity interests, and AAR payments. This business strategy has provided EMX with substantial share equity in Boreal and BEMC, exposure to exploration and discovery upside at no additional cost, and the potential for future royalty payments upon the commencement of production.

EMX continues to build its portfolio of precious metal, base metal, and cobalt properties in Scandinavia. Many new properties are available for partnership. Please see www.EMXroyalty.com for more information.

Dr. Eric P. Jensen, CPG, a Qualified Person as defined by National Instrument 43-101 and employee of the Company, has reviewed, verified and approved the disclosure of the technical information contained in this news release.

About EMX. EMX leverages asset ownership and exploration insight into partnerships that advance our mineral properties, with EMX receiving pre-production payments and retaining royalty interests. EMX complements its royalty generation initiatives with royalty acquisitions and strategic investments.

-30-

For further information contact:

David M. Cole
President and Chief Executive Officer
Phone: (303) 979-6666
Email: Dave@EMXroyalty.com

Scott Close
Director of Investor Relations
Phone: (303) 973-8585
Email: SClose@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 merits 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 nine month period that ended on September 30, 2018 (the “MD&A”), and the most recently filed Form 20-F for the year that ended on December 31, 2017, actual events may differ materially from current expectations. More information about the Company, including the MD&A, the 20-F 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.

Appendix 1

Drill results reported in Boreal’s January 28, 2019 news release.

Hole ID	From Meters	To Meters	Length Meters	Zn %	Ag g/t	Pb %	Au g/t
GUM-18-001	No significant intercepts; intersected previously unidentified mine stope.
GUM-18-002	No significant intercepts; geological interpretations suggest hole failed to reach the targeted horizon.
GUM-18-003	105.00	116.00	11.00	5.90	239.00	2.51	0.96
Including	105.00	108.00	3.00	5.71	386.00	2.30	2.33
and	109.65	111.10	1.45	23.78	666.48	9.37	1.72
and	113.00	114.00	1.00	4.73	222.00	2.83	0.70
and	114.80	116.00	1.20	6.96	227.00	3.49	0.31
GUM-18-004	162.16	173.17	11.01	7.45	275.12	2.65	0.77
Including	162.16	164.18	2.02	11.09	313.00	3.61	0.76
and	165.28	166.18	0.90	8.93	403.00	3.62	1.17
and	165.28	168.50	3.22	8.57	343.39	3.68	1.52
and	169.45	172.25	2.80	11.05	429.14	3.25	0.70

True widths are estimated to be 50% of reported interval lengths.

Statement of Quality Control, Quality Assurance and Core Handling Protocols reported in Boreal’s January 28, 2019 news release.

Drill core is logged and prepped for sampling before submittal to ALS in Malå, Sweden where it is cut, bagged and prepped for analysis. Accredited control samples (blanks and accredited standards) are inserted into the sample intervals regularly. Samples are dried (if necessary), weighed, crushed (70% < 2mm), and riffle split into two fractions. One is retained (coarse reject) and the other is pulverized to 85% < 75µm. Pulps are analyzed by ultra-trace ICP-MS (ME-MS41) and ICP-AES Au-Pt-Pd (PGM-ICP23). Over detection limit samples are reanalyzed using ore grade ICP-AES by aqua regia (ME-OG46) or by AAS in the case of high grade zinc (Zn-AAORE).

^[1] See EMX news releases dated November 22, 2016, January 16, 2018, February 9, 2018 and April 11, 2018.^[2] Boreal and BEMC retain a right to purchase 1% of the NSR royalty on individual projects by paying EMX CDN $2,500,000 in cash and shares within five years of the closing date.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/42487

Project Generators

MIRASOL Signs a Binding Letter Agreement with Newcrest Mining for Gorbea Gold Project JV in Chile

Post author By admin
Post date January 28, 2019

VANCOUVER , Jan. 28, 2019 /CNW/ – Mirasol Resources Ltd. (TSX-V: MRZ, OTCPK: MRZLF) (the “Company” or “Mirasol“) is pleased to report the signing of binding letter agreement (the “Agreement“) with Newcrest International Pty Limited, a wholly owned subsidiary of Newcrest Mining Limited (NCM.AX)(“NCM“), for an Option to Farm-in on the Gorbea High-Sulfidation Epithermal (HSE) gold projects (the “Project“) in Chile (Figure 1).

Mirasol’s CEO Stephen Nano stated: “Newcrest is the ideal partner for our Gorbea projects. Subject to drill permitting, Newcrest will this year fund drill testing of two, large Mio-Pliocene belt HSE Au+Ag projects at Gorbea and under a separate agreement, at the Altazor project in northern Chile “.

The Gorbea Agreement comprises a package of projects totaling 26,684 ha, including the Atlas Au+Ag and the Titan Au (Cu) lead properties, located in the Mio-Pliocene age mineral belt of northern Chile. NCM has the right to acquire, in multiple stages, up to 75% of the Gorbea Project by completing a series of exploration and development milestones and making staged option payments to Mirasol. NCM has committed to spend a minimum of US$4 million and to complete a minimum of 3,000 m of drilling over an initial 18-month period. NCM will operate the exploration program at Gorbea.

NCM and Mirasol are working collaboratively to advance the drill permitting process at Gorbea and upgrade the exploration camp ahead of the planned Q1 2019 restart of the exploration program that will initially focus on the Atlas project, including detailed re-mapping, alteration vectoring studies, 60 line-km of CSAMT geophysics, and diamond core drilling.

Terms of the Agreement

Option phase:

US$100,000 cash payment upon signing the Agreement;
NCM’s minimum commitment is to spend US$4 million and drill a minimum of 3,000m in the first 18 months of the exploration program;
NCM will operate the Project and will receive a 5% management fee; and
At the end of the Option phase, NCM will have the right to exercise the Farm-in phase of the Agreement.

Farm-in phase:

Stage 1: NCM will make a cash payment to Mirasol of US$500,000 , and will have the right to earn 51% of the Project over a 4.5-year period (total 6 years) by spending an additional US$15 million (total US$19 million ), which includes a minimum drilling commitment of 6,000 m to be completed within the first 2 years;
Stage 2: If NCM elects to proceed to Stage 2 of the Farm-in, it will make a cash payment to Mirasol of US$650,000 and have the right to earn 65% of the Project over an additional 1-year period (total 7 years), by funding the delivery of a positive preliminary economic assessment, in accordance with NI 43-101, on a resource of not less than 1 million ounces of gold at a cut-off grade of 0.30 grams per tonne (g/t);
Stage 3: If NCM elects to proceed to Stage 3 of the Farm-in, it will have the right to earn 75% of the Project over an additional 2-year period (total 9 years) by funding the lesser of either: (i) additional expenditures of US$100 million ; or (ii) the delivery of a positive bankable[1] Feasibility Study, in accordance with NI 43-101;
Stage 4: After completion of Stage 3, Mirasol can elect to: (i) contribute its proportionate 25% share of further development expenditures, (ii) exercise a one-time equity conversion option to convert up to 10% of its equity into a NSR royalty at a rate of 2.5% equity per 0.5% NSR royalty (max 2% NSR royalty) and then contribute funding to advance the Company’s remaining Project equity interest; or (iii) dilute. The rate of royalty dilution (up to 2% and triggered upon dilution of its interest to 10%) will be adjusted based on the percentage royalty acquired as part of the equity conversion option. NCM will hold a 0.5% NSR buyback right at fair market value exercisable on the conversion royalty or the dilution royalty.

After meeting the minimum commitment in the Option phase, NCM may terminate the Agreement at any time without liability. In the event that NCM should complete Stage 1, but elect not to proceed to Stage 2, NCM’s 51% interest shall be adjusted to a 49% interest. If NCM completes Stage 2, but elects not to proceed to Stage 3, the 65% interest shall be adjusted to 60% and the parties may agree to halt further exploration or continue and contribute in proportion to their interests or be diluted.

The Agreement also contains other customary terms, including extension rights to increase the duration of each stage in return for cash payments to Mirasol, and pre-emptive rights provisions should either party elect to sell its interest in the Project.

The Gorbea Project

The Gorbea Project comprises a package of nine projects totaling 26,684 ha, including the Atlas Au+Ag and the Titan Au (Cu) projects, located in the Mio-Pliocene age mineral belt of northern Chile. Mirasol has completed and reported (news release January 7, 2018 ) the results of an integrated analysis of the extensive Atlas database generated from exploration expenditures in excess of US$ 8 million completed under a prior joint venture agreement. The previous exploration identified a significant body of HSE gold mineralization at the Atlas project, which returned a drill intercept of 114 m grading 1.07 g/t Au, including 36 m grading 2.49 g/t Au (news release September 11, 2017 ). However, the scale of the Atlas Au+Ag system, combined with the relatively modest amount of exploration drilling to date ( 10,499 m in 26 holes) and the range of priority targets identified, highlights the Project as a large, under-explored HSE system, requiring further drill testing for potential large tonnage bulk minable Au+Ag mineralization.

About Newcrest Mining Limited

Newcrest is one of the world’s largest gold mining companies, operating four mines in Australia and the Asia – Pacific regions. Newcrest has extensive experience developing and operating successful underground and open pit mines in culturally and geographically diverse environments. Newcrest seeks to identify and secure large mineral districts, or provinces, in order to establish long term mining operations.

About Mirasol Resources Ltd

Mirasol is a premier project generation company that is focused on the discovery and development of profitable precious metal and copper deposits, operating via a hybrid joint venture and self-funded drilling business model. Strategic joint ventures with precious metal producers have enabled Mirasol to maintain a tight share structure while advancing its priority projects that are focused in high-potential regions in Chile and Argentina. Mirasol employs an integrated generative and on-ground exploration approach, combining leading-edge technologies and experienced exploration geoscientists to maximize the potential for discovery. Mirasol is in a strong financial position and has a significant portfolio of exploration projects located within the Tertiary Age Mineral belts of Chile and the Jurassic age Au+Ag district of Santa Cruz Province Argentina .

Stephen Nano , President and CEO of Mirasol, has approved the technical content of this news release. Mr Nano is a Chartered Professional geologist and Fellow of the Australasian Institute of Mining and Metallurgy (CP and FAusIMM) and is a Qualified Person under NI 43 -101.

Under the terms of the pervious Gorbea Joint Venture (terminated in April 2018 ), all exploration was managed by the then joint venture partner. Pre-joint venture exploration on the projects was managed by Stephen C. Nano , who is the Qualified Person under NI 43-101. Exploration data generated from the previous Gorbea Joint Venture program was reviewed and validated by Mirasol prior to release. The technical interpretations presented here are those of Mirasol Resources Ltd.

Mirasol applies industry standard exploration sampling methodologies and techniques. All geochemical rock and drill samples are collected under the supervision of the company’s geologists in accordance with industry practice. Geochemical assays are obtained and reported under a quality assurance and quality control (QA/QC) program. Samples are dispatched to an ISO 9001:2008 accredited laboratory in Chile for analysis. Assay results from surface rock, channel, trench, and drill core samples may be higher, lower or similar to results obtained from surface samples due to surficial oxidation and enrichment processes or due to natural geological grade variations in the primary mineralization.

Forward Looking Statements: The information in this news release contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements. Mirasol disclaims any obligations to update or revise any forward looking statements whether as a result of new information, future events or otherwise, except as may be required by applicable law.

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.

_________________________
1	“Bankable” is defined as suitable to be submitted to a recognized financial institution as a basis for lending funds for the development of a mine

SOURCE Mirasol Resources Ltd.

View original content: http://www.newswire.ca/en/releases/archive/January2019/28/c8852.html

Precious Metals

VANAURUM Major Opportunity Developing in Platinum

Post author By admin
Post date January 28, 2019

Major Opportunity Developing in Platinum

By Kevin Vecmanis
Once in a while an opportunity comes along in the markets where the dislocations are so extreme and compelling that it commands one to take a calculated risk. Anytime you can say, “This is among the cheapest this asset has been in history”, there is typically a fantastic contrarian play at hand.
In February of 2016 the price of WTI Crude Oil hit ~ $25/barrel. On an inflation adjusted basis, this was among the cheapest oil had been in recorded history. I was working in the Oil Industry at the time doing engineering management, and during a lunch with the President of our company I told him I was going to buy a lot of energy equities on that fact alone. Considering the sentiment at the time (atrocious), he was skeptical. Six weeks later I had doubled my money.
Click here now. The same situation is developing in the Platinum market. This plot shows the $USD close of Platinum, with the Platinum/Copper and Platinum/Gold ratio. Platinum is at $805 as of this writing, and on an inflation-adjusted basis is among the cheapest Platinum has been in history. Priced in Gold, this the cheapest platinum has ever been. Priced in Copper, Platinum hasn’t been this cheap since 1977. The same is true of the Platinum/Silver ratio which is languising near lows last seen in 2012, and then the 1980’s before that. The Platinum/Palladium ratio is as extreme as the Platinum/Gold ratio, which is almost tied for all-time lows for the entire price history dating back to the 70’s. Priced in units of the S&P 500 it’s also languishing at the cheapest in history.
So what’s happening here? Some make the (valid) argument that shifting auto demand from combustion vehicles to electric vehicles is forcing the market to reprice the value of Platinum relative to other assets. This is fine, and I tend to agree with this assessment. However, the adaptive and non-stationary aspect of markets needs to be respected. Platinum has inalienable properties that make it a fantastic input to a lot of products and processes. The simple fact that Platinum (and Gold) are immune to oxydative damage means that if they were cheap enough we would use them in everything where a certain degree of robustness and longevity is required. In other words, at some point new use cases for Platinum will emerge that are economically viable at these price levels. This will drive a mean-reversion relative to other assets over the long-term.
Technically, Platinum is sitting right at major support that held during the 2008 crash and the 2015 low. It remains to be seen if a double-bottom will form here, or if the market will break support and jolt lower. The essence of speculation is buying what nobody wants, and selling what everybody wants. I think investors or speculators with the luxury of time would do well to accumulate platinum-based assets at this juncture.
As a matter of disclosure, we currently do not own any positions in Platinum or Platinum miners directly. We do plan to take long-positions in PPLT within the next 1-3 months.

About VanAurum

VanAurum is an intelligent lead generator for trading and investing opportunities. It analyzes over 140 asset classes everyday that cover a global cross-section of the market. When something happens that historically has been positive or negative for returns, it reports on it to members. It’s an AI-based market historian. VanAurum alerted me to the situation in Platinum through action it was seeing in the Platinum/Gold ratio.
Staying in tune with notable price action for the world’s largest asset classes is time-consuming, and perfectly suited for a machine-learning systems to handle. That’s why I built VanAurum – to sift through the market noise and increase the quantity and quality of trading leads for members. If you use technical analysis to trade the markets, VanAurum is a must-have membership because it can quantify exactly what technical events have meant for asset returns in the past.
Due to the popularity of our AI platform, we will be increasing membership prices for new members in February. 321Gold readers can sign-up and lock in current prices by following the steps below. All memberships come with a 14-day, no obligation free-trial.
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Happy and prosperous investing!
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Disclaimer
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Precious Metals

CHRIS MARCUS When People Lose Confidence in Government, They Always Buy Gold And Silver

Post author By admin
Post date January 26, 2019

Jim Rogers – “When People Lose Confidence in Government, They Always Buy Gold And Silver”

Written by Chris Marcus of Miles Franklin

When trying to do something successfully for the first time, one of the strategies I find most helpful is to consider the opinion of someone who has done it before. And certainly with investing, listening to traders who have a track record of success can be incredibly insightful.

Along those lines, something that I’ve found striking as I’ve been fortunate to interview many of the world’s most successful investors, is that they all seem to share the same sentiments regarding gold and silver.

Jim Rogers - When People Lose Confidence in Government, They Always Buy Gold And Silver

Certainly Jim Rogers fits into the category of the more successful traders of the past 50 years. And if I were to summarize our interview down to one thing Jim said, it would be how he mentioned that “when people lose confidence in government, they always buy gold and silver.”

So while many in the mainstream who have been watching too much CNBC often react to gold and silver investors as if they’ve just arrived from another planet, I find it interesting how I have yet to find a single investor who saw the subprime bubble coming in advance, that doesn’t now advocate owning silver (perhaps with Warren Buffett being one exception – although he was a large silver holder at one point).

Sure. You can find plenty of bankers on Wall Street who see absolutely no appeal in gold or silver. Yet how many of them can explain how the United States treasury is going to undo $22 trillion worth of debt? Or $200-plus trillion of unfunded liabilities in Social Security and Medicare? Or how the Fed is going to ever normalize interest rates without crashing the system.

Personally I’ll take Jim’s opinion over any of the folks I once worked with on Wall Street. Or you could take the opinion of Rick Rule, Doug Casey, or Peter Schiff. Or even better, you don’t have to take anyone’s opinion for it. But rather just look at the debt loads and quantitative easing balances, while factoring in that the Federal Reserve is already abandoning any further significant sequence of interest rate hikes.

It’s also interesting how you rarely even hear anyone argue that gold and silver are going to go lower from current levels. And why would they? With both metals trading close to or below what it actually cost many of the miners to dig it out of the ground, while further short term paper manipulation is always possible, how much lower are the metals really likely to trade?

In the end, the simple answer is that Jim Rogers is likely quite correct. That when people lose confidence in governments and money, which is happening as we speak, they always buy gold and silver.

That’s incredibly likely to happen this time around again. And if you have any questions, you’re welcome to email me here, or call Miles Franklin at one 800-822-8080 if you would like to purchase physical precious metals.

Chris Marcus

-If you have any questions about this article, what’s happening with the Fed, or the precious metals market, you’re welcome to email me here.

-To buy or sell gold and silver call Miles Franklin today at (1-800-822-8080).

-Or get Miles Franklin’s detailed report on why the price of silver is set to explode.

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To buy or sell gold, silver, platinum, or palladium call Miles Franklin today at 1-800-822-8080

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About Miles Franklin

Miles Franklin was founded in January, 1990 by David MILES Schectman. David’s son, Andy Schectman, our CEO, joined Miles Franklin in 1991. Miles Franklin’s primary focus from 1990 through 1998 was the Swiss Annuity and we were one of the two top firms in the industry. In November, 2000, we decided to de-emphasize our focus on off-shore investing and moved primarily into gold and silver, which we felt were about to enter into a long-term bull market cycle. Our timing and our new direction proved to be the right thing to do.

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Precious Metals

Bank of England blocks Maduro’s $1.2B gold withdrawal – report

Post author By admin
Post date January 26, 2019

Original Source: https://www-m.cnn.com/2019/01/26/uk/venezuela-maduro-bank-of-england-gold-withdrawal-gbr-intl/index.html?r=https%3A%2F%2Fwww.cnn.com%2F

Base Metals Energy Junior Mining Precious Metals

GROUP TEN METALS Reports High-Grade Palladium, Platinum and Gold from the Wild West and Boulder Target Areas at the Stillwater West Project, Montana, USA

Post author By admin
Post date January 25, 2019

VANCOUVER, British Columbia, Jan. 25, 2019 (GLOBE NEWSWIRE) — Group Ten Metals Inc. (TSX.V: PGE; US OTC: PGEZF; FSE: 5D32) (the “Company” or “Group Ten”) announces results from the Wild West and Boulder target areas covering the far-western end of the Stillwater West Project in Montana, USA. This is the first in a series of planned news releases to report results of 2018 exploration programs and on-going compilation and modeling work at the Company’s flagship PGE-Ni-Cu project adjacent to Sibanye-Stillwater’s high-grade PGE mines in the Stillwater Igneous Complex. With more than 41 million ounces of past production and current M&I resources, plus another 49 million ounces of inferred resources at over 16 g/t palladium and platinum, the Stillwater Complex is recognized as one of the top regions in the world for PGE-Ni-Cu mineralization^1,2.

Michael Rowley, President and CEO, commented, “We are pleased to report the results of our compilation and modelling efforts at Stillwater West alongside results of the 2018 exploration. This first release focuses on the Boulder and Wild West target areas, which cover the western-most 8 km of the 25 km long Stillwater West project, where work in 2018 confirmed the presence of significant PGE+gold along with nickel, copper and cobalt sulphide mineralization. Mineralization at these two target areas corresponds with two nearly untested electromagnetic geophysical conductors that are approximately 4 and 3.8 km in length, respectively. Surface sampling from these targets show values up to 10.3 grams-per-tonne (g/t) palladium, 3.8 g/t platinum and 21.8 g/t gold in rock samples, with 20 samples returning from 2 to 30 g/t platinum equivalent grade mineralization, including significant nickel, copper, and cobalt values.”

“Mineralization styles seen at these two target areas include high-grade PGE “Reef-type” and structurally controlled PGE+gold, along with bulk-tonnage “Platreef-style” PGE-Ni-Cu mineralization geologically similar to the Northern Bushveld, which hosts Anglo American’s world-leading Mogalakwena mines, as well as Ivanhoe’s Platreef project. These very encouraging sample results, along with the untested kilometer-scale electromagnetic conductor anomalies, highlight the potential for major new PGE-Ni-Cu discoveries at Stillwater West, within the prolific Stillwater Complex.”

Wild West Target Area

As shown in Figure 1, the Wild West target area is one of eight major target areas defined by the Company across the lower portion of the Stillwater Complex based on multi-kilometer-scale electromagnetic geophysical (conductive high) anomalies that are coincident with highly elevated metals in soils and surface rock sampling. The Wild West electromagnetic conductor target covers an area of approximately 3.8 km by 1.7 km in size with very encouraging but limited drilling completed on the southeastern edge of the conductor at the Pine Shear Zone.

Table 1 and Figure 2 present highlight intercepts from recent compilation work by the Company on 22 holes drilled at the Pine Shear Zone targeting high-grade gold+PGE mineralization along with nickel, copper and cobalt. Highlight results from drilling at the Pine Shear Zone include 31.02 g/t 3E (28.7 g/t Au, 1.06 g/t Pt, 1.27 g/t Pd) over 2.6 meters and 16.94 g/t 3E (16.19 g/t Au, 0.24 g/t Pt, 0.50 g/t Pd) over 7.98 meters in a gold+PGE-enriched, structurally-controlled shear zone hosted within the chromite-rich ultramafic stratigraphy. Mineralization remains open to expansion in all directions and is one of several priority targets for additional follow up exploration in the Wild West target area.

Rock sampling by Group Ten in 2018 at the Pine Shear Zone returned palladium grades of over 10 g/t while also confirming high-grade gold with the highest grab sample assaying 23.1 g/t 3E (21.8 g/t Au, 0.64 g/t Pt and 0.72 g/t Pd). Outside of the Pine Shear Zone in the broader Wild West target area, reconnaissance rock chip samples confirm the presence of significant PGE, nickel, copper and cobalt mineralization in the ultramafic series including up to 11.5 g/t 3E (10.5 g/t Pd, 1.2 g/t Pt and 0.23 g/t Au) with a total of 17 rock samples exceeding 2 g/t 3E see Figure 1 and Table 2).

TABLE 1 – Highlight mineralized drill intercepts from the Pine Shear Zone at the Wild West Target Area

		INTERVAL		PRECIOUS METALS				BASE METALS				TOTAL METAL EQUIVALENTS		GRADE THICKNESS
HOLE ID	From	To	Width	Pt	Pd	Au	3E	Ni	Cu	Co	NiEq	TotPtEq	TotNiEq	Grade x Width
	(m)	(m)	(m)	(g/t)	(g/t)	(g/t)	(g/t)	(%)	(%)	(%)	(%)	(Pt g/t)	(Ni %)	(gram-meter)
PC2004-04	0.00	20.73	20.73	0.21	0.34	0.08	0.64	0.12	0.06	0.009	0.18	1.38	0.34	29

PC2004-07	19.20	46.63	27.43	0.25	0.76	0.09	1.10	n/a	n/a	n/a	n/a	1.13	0.27	31

PC-2	11.09	22.46	11.37	0.17	0.35	11.77	12.30	n/a	n/a	n/a	n/a	15.24	3.70	173
including	14.48	22.46	7.98	0.24	0.50	16.19	16.94	n/a	n/a	n/a	n/a	20.99	5.10	167

PC-3	0.15	9.72	9.57	0.16	0.16	3.77	4.09	n/a	n/a	n/a	n/a	5.04	1.22	48
including	5.70	9.72	4.02	0.38	0.39	7.27	8.04	n/a	n/a	n/a	n/a	9.86	2.40	40

PC-5	3.05	6.28	3.23	0.89	1.04	23.49	25.43	n/a	n/a	n/a	n/a	31.30	7.61	101
including	3.05	5.67	2.62	1.06	1.27	28.69	31.02	n/a	n/a	n/a	n/a	38.19	9.28	100

PC-6	29.87	39.84	9.97	0.12	0.12	4.36	4.60	n/a	n/a	n/a	n/a	5.69	1.38	57

PC-9	4.39	5.76	1.37	0.34	0.34	15.87	16.56	n/a	n/a	n/a	n/a	20.53	4.99	28

Intercepts with grade thickness values over 25 gram-meter TotPtEq are presented above. Total Platinum Equivalent (TotPtEq g/t) and Total Nickel Equivalent calculations reflect total gross metal content using metals prices as follows (all USD): $6.00/lb nickel (Ni), $3.00/lb copper (Cu), $20.00/lb cobalt (Co), $1,000/oz platinum (Pt), $1,000/oz palladium (Pd) and $1,250/oz gold (Au). Values have not been adjusted to reflect metallurgical recoveries. Total metal equivalent values include both base and precious metals, where available. Results labelled ‘n/a’ were not assayed for that metal. Total platinum equivalent grade thickness was determined by multiplying the thickness (in meters) by the Total Platinum Equivalent grade (in grams/tonne) to provide gram-meter values (g-m) as shown. PC2004 series holes were conducted in 2004 by Group Ten’s QP while working for Premium Exploration. PC series holes were drilled in 1983 and the results are considered historic and have not been independently verified by Group Ten.

TABLE 2 – Highlight 2018 rock sample results from the Wild West target area

		PRECIOUS METALS				BASE METALS				TOTAL METAL EQUIVALENTS
SAMPLE ID	LOCATION	Pt	Pd	Au	3E	Ni	Cu	Co	NiEq	TotPtEq	TotNiEq
		(g/t)	(g/t)	(g/t)	(g/t)	(%)	(%)	(%)	(%)	(Pt g/t)	(Ni %)
3190318	Wild West (PSZ)	0.64	0.72	21.80	23.16	0.260	0.071	0.018	0.36	30.07	7.31
97809	Wild West (PSZ)	0.37	0.59	11.70	12.66	n/a	n/a	n/a	n/a	15.58	3.79
97805	Wild West (PSZ)	3.77	10.34	0.22	14.32	n/a	n/a	n/a	n/a	14.38	3.49
3190486	Wild West (PSZ)	0.24	0.49	7.93	8.66	0.475	0.313	0.027	0.72	13.61	3.31
3190317	Wild West (PSZ)	0.37	0.31	7.31	7.99	0.551	0.034	0.028	0.66	12.53	3.05
3190498	Wild West	1.24	10.05	0.23	11.53	0.162	0.006	0.013	0.21	12.44	3.02
1409988	Wild West (PSZ)	1.82	6.01	0.20	8.03	0.157	0.029	0.040	0.30	9.33	2.27
3190408	Wild West (PSZ)	0.58	1.35	3.19	5.13	0.119	0.223	0.020	0.30	7.15	1.74
3190497	Wild West	2.11	3.55	0.01	5.67	0.100	0.017	0.017	0.17	6.35	1.54
3190508	Wild West	1.09	3.20	0.27	4.56	0.217	0.067	0.024	0.33	5.99	1.46
3190320	Wild West	1.03	2.95	0.44	4.41	0.138	0.011	0.018	0.20	5.36	1.30
3190509	Wild West	1.12	2.83	0.14	4.08	0.142	0.000	0.026	0.23	5.06	1.23
337315	Wild West	0.76	2.01	0.23	3.00	0.259	0.084	0.030	0.40	4.71	1.15
337389	Wild West (PSZ)	2.80	0.47	0.03	3.30	0.067	0.017	0.023	0.15	3.93	0.96
3190386	Wild West	0.44	1.61	0.19	2.24	0.183	0.245	0.022	0.38	3.84	0.93
1409992	Wild West	0.86	1.83	0.03	2.72	0.090	0.034	0.024	0.19	3.49	0.85
337307	Wild West	1.76	0.67	0.02	2.45	0.114	0.021	0.013	0.17	3.14	0.76
337309	Wild West	0.61	0.83	0.14	1.58	0.250	0.084	0.020	0.36	3.09	0.75
3190422	Wild West	0.32	0.58	0.10	0.99	0.217	0.172	0.024	0.38	2.59	0.63
3190507	Wild West	0.11	0.23	0.11	0.44	0.327	0.182	0.018	0.48	2.44	0.59

Results over 2 g/t TotPtEq are presented above. Total Platinum Equivalent (TotPtEq g/t) and Total Nickel Equivalent were determined as per Table 1.

Boulder Target Area

The Boulder EM conductor target covers an area approximately 4 km long by 1 km wide with a highly conductive electromagnetic response over the Ultramafic and Basal Series of the Stillwater Complex. While the area is among the least explored at Stillwater West, Group Ten’s work in 2018, together with the available historic data, confirms the presence of significant levels of PGE, Ni, Cu, Co and Cr mineralization coincident with the conductive high anomaly, confirming the potential for large bodies of strongly disseminated sulphides.

Mineralization at the Boulder target area is further confirmed by historic drilling by Anaconda in the 1970s which targeted nickel and copper sulphides and chromites in the Basal and Ultramafic Series. Historic data from drill hole BR-2 at the Boulder Target Area reported three intervals grading between 0.42% to 1.5% combined nickel plus copper but were not assayed for PGE or gold values. Future work at the Boulder Target Area will include detailed mapping and soil and rock sampling to develop and refine drill targets.

Upcoming News and Events, Including Core Display at AMEBC Roundup

Group Ten will be participating in the 2019 AMEBC Mineral Roundup Event in Vancouver. Investors are invited to view core from Stillwater West at display #1018 in the Core Shack area during the AME Round Up tradeshow on January 28 and 29, 2019. Group Ten will also be at booth #1009 in the Exhibit Hall for the duration of the show, and will be at the PDAC convention in March in Toronto, among other upcoming shows.

The Company looks forward to releasing further results from the adjacent and more advanced Chrome Mountain and Iron Mountain target areas in the coming weeks.

About Stillwater West

The Stillwater West PGE-Ni-Cu project positions Group Ten as the second largest landholder in the Stillwater Complex, adjoining and adjacent to Sibanye-Stillwater’s world-leading Stillwater, East Boulder, and Blitz platinum group elements (PGE) mines in south central Montana, USA. With more than 41 million ounces of past production and current M&I resources, plus another 49 million ounces of Inferred resources^1,2, the Stillwater Complex is recognized as one of the top regions in the world for PGE-Ni-Cu mineralization, alongside the Bushveld Complex and Great Dyke in southern Africa, which are similar layered intrusions. The J-M Reef, and other PGE-enriched sulphide horizons in the Stillwater Complex, share many similarities with the highly prolific Merensky and UG2 Reefs in the Bushveld Complex, while the lower part of the Stillwater Complex also shows the potential for much larger scale disseminated and high-sulphide PGE-nickel-copper type deposits, possibly similar to Platreef in the Bushveld Complex³. Group Ten’s Stillwater West property covers the lower part of the Stillwater Complex along with the Picket Pin PGE Reef-type deposit in the upper portion, and includes extensive historic data, including soil and rock geochemistry, geophysical surveys, geologic mapping, and historic drilling.

Note 1:	Report on Montana Platinum Group Metal Mineral Assets of Sibanye-Stillwater, November 2017, Measured and Indicated Resources of 57.2 million tonnes grading 17.0 g/t Pt+Pd containing 31.3 million ounces and 92.5 million tonnes grading 16.6 g/t containing 49.4 million ounces.
Note 2:	Public production records from Stillwater Mining Company from 1992 to present.
Note 3:	Magmatic Ore Deposits in Layered Intrusions—Descriptive Model for Reef-Type PGE and Contact-Type Cu-Ni-PGE Deposits, Michael Zientek, USGS Open-File Report 2012–1010.

About Group Ten Metals Inc.

Group Ten Metals Inc. is a TSX-V-listed Canadian mineral exploration company focused on the development of high-quality platinum, palladium, nickel, copper, cobalt and gold exploration assets in top North American mining jurisdictions. The Company’s core asset is the Stillwater West PGE-Ni-Cu project adjacent to Sibanye-Stillwater’s high-grade PGE mines in Montana, USA. Group Ten also holds the highly prospective Kluane PGE-Ni-Cu project on trend with Nickel Creek Platinum‘s Wellgreen deposit in Canada‘s Yukon Territory, and the high-grade Black Lake-Drayton Gold project in the Rainy River district of northwest Ontario.

About the Metallic Group of Companies

The Metallic Group is a collaboration of leading precious and base metals exploration companies, with a portfolio of large brownfields assets in established mining districts adjacent to some of the industry’s highest-grade producers of platinum & palladium, silver and copper. Member companies include Group Ten Metals (PGE.V) in the Stillwater PGM-Ni-Cu district of Montana, Metallic Minerals (MMG.V) in the Yukon’s Keno Hill silver district, and Granite Creek Copper (GCX-H.V) in the Yukon’s Carmacks copper district. Highly experienced management and technical teams at the Metallic Group have expertise across the spectrum of resource exploration and project development from initial discoveries to advanced development, including strong project finance and capital markets experience and have demonstrated a commitment to community engagement and environmental best practices. The founders and team members of the Metallic Group include highly successful explorationists formerly with some of the industry’s leading explorer/developers and major producers and are undertaking a systematic approach to exploration using new models and technologies to facilitate discoveries in these proven historic mining districts. The Metallic Group is headquartered in Vancouver, BC, Canada and its member companies are listed on the Toronto Venture, US OTC, and Frankfurt stock exchanges.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Michael Rowley, President, CEO & Director
Email: info@grouptenmetals.com	Phone: (604) 357 4790
Web: http://grouptenmetals.com	Toll Free: (888) 432 0075

Quality Control and Quality Assurance

2018 rock chip samples were analyzed by Bureau Veritas Mineral Laboratories in Vancouver, B.C. Samples were crushed and split, and a 250 g split pulverized with 85% passing 200 mesh. Gold, platinum, and palladium were analyzed by fire assay (FA350) with ICP finish. Selected major and trace elements were analyzed by peroxide fusion with ICP-EB finish to insure complete dissolution of resistate minerals. Following industry QA/QC standards, blanks, duplicate samples, and certified standards were also assayed. Due to a Pd over-limit of 10 ppm, there is only qualitative Pd data for sample 3190498 from FA350 analysis.

2004 drilling was conducted by Group Ten’s QP while working for Premium Exploration. 1983 drill results are considered historic and have not been independently verified by Group Ten.

1980s assay data was obtained from a 1986 report by geologist R.J. Warchola titled “A Hydrothermal Gold Occurrence on Chrome Mountain, Stillwater Complex, Montana” published in the Montana Geologic Society and Yellowstone Bighorn Research Association Joint Field Conference and Symposium: Geology of the Beartooth Uplift and Adjacent Basin: YBRA 50th Anniversary Edition, 1986; and a 1984 internal report by R.J. Warchola titled “Geologic Report on the Pine Claim, Sweetgrass County, Montana February 1984”

Assay data for drillhole BR-2 was obtained graphically from a 1979 Anaconda Copper Company map by G.F. Willis and J. Bielak.

Mr. Mike Ostenson, P.Geo., is the qualified person for the purposes of National Instrument 43-101, and he has reviewed and approved the technical disclosure contained in this news release.

Forward-Looking Statements

Forward Looking Statements: This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts including, without limitation, statements regarding potential mineralization, historic production, estimation of mineral resources, the realization of mineral resource estimates, interpretation of prior exploration and potential exploration results, the timing and success of exploration activities generally, the timing and results of future resource estimates, permitting time lines, metal prices and currency exchange rates, availability of capital, government regulation of exploration operations, environmental risks, reclamation, title, and future plans and objectives of the company are forward-looking statements that involve various risks and uncertainties. Although Group Ten believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the companies with securities regulators. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration and development of mines is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. For more information on Group Ten and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedar.com.

Photos accompanying this announcement are available at:

http://www.globenewswire.com/NewsRoom/AttachmentNg/4892ef65-f505-4efc-92a5-e8e4a2e89b03

http://www.globenewswire.com/NewsRoom/AttachmentNg/67397f95-bf6a-4232-aec3-d0827a765b95

Junior Mining

ANACONDA MINING Announces NI 43-101 Mineral Resources for the Great Northern and Cape Spencer Gold Exploration Projects

Post author By admin
Post date January 25, 2019

TORONTO , Jan. 24, 2019 /CNW/ – Anaconda Mining Inc. (“Anaconda” or the “Company”) (ANX.TO) (ANXGF) is pleased to announce it has completed an updated Mineral Resource Estimate for the Rattling Brook Deposit (“Rattling Brook”) of the Great Northern Project (“Great Northern”) in Newfoundland and an initial Mineral Resource Estimate for the Cape Spencer Gold Project (“Cape Spencer”) in New Brunswick . The Mineral Resource Estimates are presented below in Tables 1 and 3.

The Great Northern and Cape Spencer Gold Projects are held in a wholly-owned subsidiary of Anaconda (“ExploreCo”), with a mandate to identify strategic options to unlock the value of these assets for shareholders through a separate vehicle, allowing Anaconda to focus on its core mining and development operations.

Mineral Resource Estimate Highlights:

Great Northern Project

The Rattling Brook Deposit has an Inferred Mineral Resource Estimate of 5,460,000 tonnes at an average grade of 1.45 grams per tonne (“g/t”) gold for 255,000 contained ounces at a cut-off grade of 1.0 g/t gold;
The nearby Thor Deposit has a current Indicated Mineral Resource Estimate of 1,817,000 tonnes at an average grade of 1.42 g/t gold for 83,000 contained ounces and an Inferred Mineral Resource Estimate of 847,000 tonnes at an average grade of 1.15 g/t gold for 31,000 contained ounces at a cut-off grade of 0.5 g/t gold.

Cape Spencer Project

The Cape Spencer Deposit has an Inferred Mineral Resource Estimate of 1,720,000 tonnes at an average grade of 2.72 g/t gold for 151,000 contained ounces in the Northeast and Pit Zones;

“In 2018, Anaconda created a wholly-owned subsidiary to house these highly-prospective, Atlantic Canadian exploration projects, with the aim of developing strategic alternatives to realize value from them. To that end, we proceeded to update the Rattling Brook Mineral Resource Estimate and generate a maiden Mineral Resource Estimate for Cape Spencer. As a result, ExploreCo currently has 83,000 ounces of Indicated Mineral Resources in the Thor Deposit, 151,000 ounces of Inferred Mineral Resources at the Cape Spencer Project and 286,000 ounces of Inferred Mineral Resources in the Thor and Rattling Brook Deposits. We have established these gold resources in highly prospective areas with sizeable land packages that provide the platform to build significant district-scale mineral resources in Atlantic Canada in the long term. We have continued to create value at these projects with low expenditures and are well positioned to pursue strategic options to realize that value for our shareholders, while remaining focused on our core assets at Goldboro and on the Baie Verte Peninsula .”

~ Dustin Angelo , President and CEO, Anaconda Mining Inc.

ExploreCo Table of Mineral Resources*

Deposit	Cut-Off (Au g/t)	Category	Rounded Tonnes	Au (g/t)	Rounded Ounces
Thor Deposit**	0.5	Indicated	1,817,000	1.42	83,000
Thor Deposit**	0.5	Inferred	847,000	1.15	31,000
Rattling Brook	1.0	Inferred	5,460,000	1.45	255,000
Cape Spencer Pit Zone	0.5	Inferred	990,000	1.71	54,000
Cape Spencer Northeast Zone	2.5	Inferred	740,000	4.07	96,000

Rattling Brook Deposit Mineral Resource Estimate – Great Northern Project

The updated Mineral Resource Estimate for the Rattling Brook Deposit is 5,460,000 tonnes at an average grade of 1.45 g/t gold for 255,000 contained ounces at a cut-off grade of 1.0 g/t gold in 3 mineralized zones; the Road, Apsy and Beaver Dam zones with an effective date of January 23, 2019 (Table 1). This represents a 25% increase in tonnes, a 13% increase in grade and a 42% increase in contained ounces at the 1.0 g/t cut-off value compared to the 2008 Historic Mineral Resource Estimate*** that is based on a 0.5 g/t gold cut-off (see Table 2 below for full comparison). This increase in Mineral Resources at the higher cut-off value was obtained by refining the geological model for the deposit, primarily through reducing the volume of marginal grade mineralization that is incorporated in the model. A sensitivity report for the Rattling Brook Deposit and comparison with the 2008 Historic Mineral Resource Estimate is presented in Table 2.

Table 1: Rattling Brook Deposit Mineral Resource Estimate – Effective Date: January 23, 2018

Zone	Cut-Off (Au g/t)	Category	Rounded Tonnes	Au (g/t)	Rounded Ounces
Apsy	1.0	Inferred	2,850,000	1.52	139,000
Road	1.0	Inferred	2,120,000	1.28	87,000
Beaverdam	1.0	Inferred	480,000	1.81	28,000
Total	1.0	Inferred	5,460,000	1.45	255,000

1.	This Mineral Resource Estimate was prepared in accordance with NI 43-101 and the CIM Standards (2014)
2.	Mineral Resource Estimate tonnages have been rounded to the nearest 10,000 and ounces have been rounded to the nearest 1,000. Totals may not sum due to rounding.
3.	A cut-off of 1.00 g/t gold was used to estimate Mineral Resources.
4.	Mineral Resources were interpolated using Ordinary Kriging from 1.5 metre downhole assay composites.
5.	An average bulk density of 2.70 g/cm3 has been applied.
6.	Over 90% of Mineral Resources occur above a depth of 150m below surface, the current maximum depth of the Anaconda Mining operated Pine Cove Mine. Mineral Resources were reported within an additional 50m of the 150m bench mark, to a maximum depth of 200m, and are considered to reflect reasonable prospects for economic extraction in the foreseeable future using conventional open-pit mining methods at a gold price of CAD $1,550 per ounce.
7.	Mineral Resources do not have demonstrated economic viability.
8.	This estimate of Mineral Resources may be materially affected by environmental, permitting, legal title, taxation, sociopolitical, marketing, or other relevant issues.

Table 2: Rattling Brook Deposit Sensitivity Report and Comparison with 2008 Historic Mineral Estimate

Zone	Cut-Off (Au g/t)	January 23, 2018 Inferred Mineral Resource Estimate			2008 Historic Inferred Mineral Resource Estimate***			Percent Change
Zone	Cut-Off (Au g/t)	Rounded Tonnes	Au g/t	Rounded Ounces	Rounded Tonnes	Au g/t	Rounded Ounces	Tonnes	Grade (Au g/t)	Ounces
Road Zone	0.5	8,960,000	0.86	248,000	9,880,000	0.76	241,000	-9%	13%	3%
Road Zone	1.0	2,120,000	1.28	87,000	1,400,000	1.22	55,000	51%	5%	58%
Apsy Zone	0.5	6,010,000	1.12	217,000	7,410,000	0.95	226000	-19%	18%	-4%
Apsy Zone	1.0	2,850,000	1.52	139,000	2,760,000	1.30	115,000	3%	17%	21%
Beaver Dam	0.5	1,220,000	1.16	45,000	1,020,000	0.85	28,000	20%	36%	61%
Beaver Dam	1.0	480,000	1.81	28,000	200,000	1.52	10,000	140%	19%	180%
Total	0.5	16,190,000	0.98	510,000	18,310,000	0.84	495,000	-12%	17%	3%
Total	1.0	5,460,000	1.45	255,000	4,360,000	1.28	179,000	25%	13%	42%

Cape Spencer Project Mineral Resource Estimate

The Inferred Mineral Resource Estimate for the Cape Spencer Deposit is 1,720,000 tonnes at an average grade of 2.72 g/t gold for 151,000 contained ounces at cut-off grade of 0.5 g/t gold and 2.5 g/t gold in two mineralized zones; the Pit Zone and the Northeast Zone with an effective date of January 23, 2019 (Table 3). The Northeast Zone contains a conceptual underground inferred mineral resource estimate of 740,000 tonnes at an average grade of 4.07 g/t gold for 96,000 contained ounces at a cut-off grade of 2.5 g/t gold and the Pit Zone contains a conceptual open-pit inferred mineral resource estimate of 990,000 tonnes at an average grade of 1.71 g/t gold for 54,000 contained ounces at a cut-off grade of 0.5 g/t gold. A sensitivity report for the Cape Spencer Project Northeast Zone and Pit Zone is presented in Table 4.

Table 3: Cape Spencer Project Mineral Resource Estimate – Effective Date: January 23, 2018

Zone	Cut-Off (Au g/t)	Category	Rounded Tonnes	Au (g/t)	Rounded Ounces
Northeast	2.5	Inferred	740,000	4.07	96,000
Pit	0.5	Inferred	990,000	1.71	54,000
Total	0.5 and 2.5	Inferred	1,720,000	2.72	151,000

1.	This Mineral Resources Estimate was prepared in accordance with NI 43-101 and the CIM Standards (2014)
2.	Mineral Resource tonnages have been rounded to the nearest 10,000 and ounces have been rounded to the nearest 1,000. Total may not sum due to rounding.
3.	A cut-off of 2.50 g/t gold was used to estimate Mineral Resources for the Northeast Zone.
4.	A cut-off of 0.50 g/t gold was used to estimate Mineral Resources for the Pit Zone.
5.	Mineral Resources were interpolated using Ordinary Kriging from 1.5 metre assay composites capped at 15 g/t gold.
6.	An average bulk density of 2.74 g/cm3 has been applied.
7.	Northeast Zone Mineral Resources extend to a maximum depth of 225m below surface and are considered to reflect reasonable prospects for economic extraction in the foreseeable future using conventional underground mining methods at a gold price of CAD $1,550 per ounce.
8.	Pit Zone Mineral Resources extend to a maximum depth of 100m below surface and are considered to reflect reasonable prospects for economic extraction in the foreseeable future using conventional open-pit mining methods at a gold price of CAD $1,550 per ounce.
9.	Mineral Resources do not have demonstrated economic viability.
10.	This estimate of Mineral Resources may be materially affected by environmental, permitting, legal title, taxation, sociopolitical, marketing, or other relevant issues.

Table 4: Cape Spencer Project Sensitivity Report

Zone	Cut-Off (Au g/t)	Category	Rounded Tonnes	Au (g/t)	Rounded Ounces
Northeast	1.5	Inferred	1,480,000	2.98	142,000
	2.5	Inferred	740,000	4.07	96,000
	3.5	Inferred	400,000	5.04	64,000
Pit	0.5	Inferred	990,000	1.71	54,000
Pit	1.0	Inferred	830,000	1.88	50,000

Press Release Notes:

*Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. All Mineral Resource Estimates were prepared in accordance with NI 43-101 and the CIM Standards (2014).

** The Thor Deposit forms part of the project formerly referred to as the Viking Project. The resources quoted in this press release refer to the technical report: “NI 43-101 Technical Report and Mineral Resource Estimate on the Thor Deposit, Viking Project, White Bay Area, Newfoundland and Labrador, Canada ” with an effective date of August 29, 2016 and authored by independent qualified persons David A. Copeland , M.Sc., P.Geo., Shane Ebert , Ph.D., P.Geo. (an independent consultant) and Gary Giroux , MASc, P.Eng. (Giroux Consultants Ltd.).

*** The Rattling Brook Deposit, including the Apsy, Road and Beaver Dam zones, form part of the project formerly referred to as the Jacksons Arm Gold Project. The Historic Resources quoted in this press release refer to the technical report: “Technical Report On Mineral Resource Estimate, Jacksons Arm Gold Project, White Bay, Newfoundland And Labrador, Latitude 49^o 53′ 2.65”North Longitude 56^o 50’7.09” West. With an effective date of April 20th, 2009 , and authored by Michael P. Cullen , M.Sc., P.Geo., Chrystal Kennedy , B.Sc., P.Geo., Matthew Harrington , B.Sc. (Hons.), and Andrew Hilchey , B.Sc. (Hons.) of Mercator Geological Services.

This news release has been reviewed and approved by David A. Copeland, P.Geo., Chief Geologist with Anaconda Mining Inc., “Qualified Persons” and Matthew Harrington, P.Geo. and Michael Cullen , P.Geo. of Mercator Geological Services Ltd., “Independent Qualified Persons” under NI 43-101. A Technical Report prepared in accordance with NI43-101 for the Great Northern and Cape Spencer Projects will be filed on SEDAR (www.sedar.com) within 45 days of this news release.

A version of this press release will be available in French on Anaconda’s website (www.anacondamining.com) in two to three business days.

ABOUT ANACONDA MINING INC.

Anaconda Mining is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia . The Company operates the Point Rousse Project located in the Baie Verte Mining District in Newfoundland , comprised of the Stog’er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold Project in Nova Scotia , a high-grade Mineral Resource, subject to a 2018 a preliminary economic assessment which demonstrates a strong project economics. The Company also has a wholly owned exploration company that is solely focused on early stage exploration in Newfoundland and New Brunswick .

FORWARD-LOOKING STATEMENTS

This news release contains “forward-looking information” within the meaning of applicable Canadian and United States securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects”, or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “does not anticipate”, or “believes” or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, or “will be taken”, “occur”, or “be achieved”. Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Anaconda to be materially different from those expressed or implied by such forward-looking information, including risks associated with the exploration, development and mining such as economic factors as they effect exploration, future commodity prices, changes in foreign exchange and interest rates, actual results of current production, development and exploration activities, government regulation, political or economic developments, environmental risks, permitting timelines, capital expenditures, operating or technical difficulties in connection with development activities, employee relations, the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of resources, contests over title to properties, and changes in project parameters as plans continue to be refined as well as those risk factors discussed in the annual information form for the fiscal year ended December 31, 2017 , available on www.sedar.com. Although Anaconda has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Anaconda does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

SOURCE Anaconda Mining Inc.

View original content: http://www.newswire.ca/en/releases/archive/January2019/24/c3014.html

Base Metals

NEVADA COPPER Focus: U.S. copper projects gain steam thanks to electric vehicle trend

Post author By admin
Post date January 25, 2019

By Ernest Scheyder

YERINGTON, Nev. (Reuters) – Once seen as a laggard in the global mining industry, U.S. copper deposits have quietly drawn more than $1.1 billion in investments from small and large miners alike as Tesla and other electric carmakers scramble for more of the red metal.

Four U.S. copper projects are set to open by next year – the first to come online in more than a decade – with several mine expansions also underway across the country, home to the world’s fifth-largest copper reserves, according to the U.S. Geological Survey.

The rising popularity of electric vehicles – which use twice as much copper as internal combustion engines – and increasingly pro-mining policies in the U.S. while other nations exert greater control over their mineral deposits are fueling the spending, according to mining executives and investors.”Fifteen years ago, U.S. mining was thought to be a dead industry, but now it’s a profitable area for us,” said Richard Adkerson, chief executive of Freeport-McMoran Inc.

The Phoenix-based miner, which last month relinquished majority control of the world’s second-largest copper mine under pressure from the Indonesian government even though it will remain the project’s operator, is set to open a $850 million expansion of one of its Arizona copper mines next year.

“The U.S. is really the core for our future growth,” Adkerson said. The U.S. is home to half of Freeport’s reserves.

The buildouts are expected to boost U.S. copper production by at least 8 percent in the next four years, according to data from the International Copper Study Group and DBS, with Nevada Copper Corp, Taseko Mines Ltd, THEMAC Resources Group Ltd and Excelsior Mining Corp aiming to open copper mines by the end of 2020.

The development trend has gone largely under the radar, with copper industry customers like Tesla Inc – rather than miners themselves – grabbing the headlines. But that is slowly changing.

The prospect of a copper boom in the U.S., where the Trump administration is pushing for mining permit approvals to be approved five times faster and where resource nationalism fears are largely absent, is starting to draw major institutional investors.

Industry analysts recommend investors buy shares of companies building new U.S. copper mines, a marked change from just 12 months ago when most recommendations were to hold. Four analysts, for instance, advise buying Taseko shares; none did a year ago. These analysts also have set price targets for the miners at more than double current trading levels, according to Refinitiv data.

“The copper industry needs areas of good supply with low political risk, and that’s what we get in the United States,” said Stephen Gill of Switzerland-based Pala Investments, Nevada Copper’s largest shareholder.

‘COPPER IS KING’

Nevada Copper’s Pumpkin Hollow copper project in Yerington, Nevada is less than 60 miles (100 km) from Tesla’s massive Gigafactory, a proximity that Gill said was a key factor in Pala’s investment.

Surrounded by onion farms and backed by the Sierra Nevada mountains, the Pumpkin Hollow mine will produce more than 100,000 tonnes of copper each year once its underground and open-pit portions fully open, which is slated to happen in phases.”Copper is king for this electrification trend taking over the global economy,” said Matt Gili, Nevada Copper’s chief executive.

“We see demand increasing steadily in the years ahead and, so far, supply is not keeping up.”

Majors Freeport, Rio Tinto and BHP Group Ltd also have U.S. copper projects of their own under development. These come just as copper prices are forecast to rise more than 10 percent in the next two years, according to Canaccord Genuity.

Nevada Copper’s project has been largely supported by local residents in a state whose economy is linked to mining. But elsewhere, there has been opposition due to concerns about water rights and native lands.

“Green technologies can have a dark side,” said John Hadder of Great Basin Resource Watch, a Nevada-based environmental group.

SMALL VERSUS BIG

Nevada Copper and other junior miners have an advantage over larger peers. Their smaller balance sheets force them to plan small copper mines, making permitting and negotiations with local residents easier.

Rio and BHP, for instance, have been trying since 2001 to open Arizona’s Resolution Copper mine, one of the world’s largest projects of its type.

The two are still waiting for regulatory clearance, having spent more than $1.3 billion since 2001, in a delay brought on partly by a dispute involving local American Indian tribes.

The mine is not slated to open until at least 2030. The U.S. Forest Service is expected to post a draft environmental study on the project by this summer, after which American Indian groups and others will be able to give feedback.

Rio is also studying ways to open the mine sooner – perhaps a year or two – by making engineering changes, but nothing has been finalized, said Arnaud Soirat, head of Rio Tinto’s copper and diamond businesses.

Resolution is on U.S. federal land, complicating the development. Many of the projects that are set to open in the next two years, though, are on private land, fueling an easier path to bring copper to a hungry market.

“I’m convinced over time there will be a global movement toward renewable energy generation and electric vehicles … that means the world will need our U.S. copper,” said Freeport CEO Adkerson.

(Reporting by Ernest Scheyder; Editing by Amran Abocar and Chris Reese)

Junior Mining

PACTON Finalizes Initial 2019 Pilbara Exploration Plan

Post author By admin
Post date January 25, 2019

VANCOUVER , Jan. 24, 2019 /CNW/ – Pacton Gold Inc. (TSXV: PAC, OTC: PACXF) (the “Company” or “Pacton“) is pleased to announce that it has finalized initial 2019 exploration plans for three of its Pilbara orogenic and conglomerate gold projects in Western Australia .

Highlights:

Boodalyerrie multiple km of high grade vein and stockwork systems.
Egina high grade bedrock gold + sampling extensive overlying alluvial gravels.
Nullagine (Beaton’s Creek) area Hardey formation conglomerate and fracture sampling.

Geological data and target inventories are being compiled for Pacton’s projects in Western Australia’s Pilbara craton. (Figure 1). Numerous targets types have been identified, most with surface gold occurrences, including Paleoarchean and Mesoarchean orogenic shear hosted occurrences and intrusion related environments. Most of tenements also contain the unconformably overlying, horizontal Fortescue Group gold-bearing Mount Roe and Hardey conglomerates. Pacton is currently planning the remainder of its 2019 exploration program, which shall include field work on all of its Pilbara tenements.

Figure 1. Location of Pacton’s Pilbara tenements (CNW Group/Pacton Gold Inc.)

Boodalyerrie Project

Boodalyerrie, Pacton’s most easterly Pilbara tenement, (Figure 1), hosts a prominent swarm of up to 10 m thick gold-bearing veins and stockworks hosted in a granitic tonalite host rock. Superficial reconnaissance prospecting and surface sampling conducted in 2013 returned encouraging grades. Pacton has prioritized exploration of the Boodalyerrie based on image analysis, including satellite hyperspectral data, which indicates large areas of alteration between the most massive quartz veins. This is interpreted as representing a stockwork of smaller, nested vein systems that present excellent, large, pervasive gold-bearing targets.

The Boodalyerrie tenement also contains over 20 km of strike length along the contact of Fortescue Group rocks that unconformably overlie the tonalite pluton. The Fortescue Group Mount Roe formation and the directly overlying Kylena basalt are present. Geological relationships indicate that the emplacement of the quartz veins precedes the deposition of the Mount Roe formation. Consequently, the vein system is interpreted to extend under the Mount Roe formation.

The initial 2019 Boodalyerrie exploration program will include detailed sampling over the entire tonalite pluton, with emphasis on the large alteration patches. Preliminary planning for a targeted drill program is underway for currently identified targets and will include expansion for additional targets identified by the sampling program.

Figure 2. Fortescue Group Kylena and Mount Roe formations overlap the older Archean pink tonalite pluton. The tonalite is intruded by a massive system of gold-bearing quartz veins. The 3D insets show the influence of the resistant quartz veins in controlling the topography. The entire pluton contains obvious, greenish alteration zones that suggest less resistant quartz stockworks. (CNW Group/Pacton Gold Inc.)

Egina Projects (Friendly Creek, Golden Palms , Hong Kong and Arrow South tenements)

Pacton’s Egina properties, (Figure 3), are contiguous with Novo Resources Corp.’s extensive Egina tenements which contain gold-bearing lag gravels that overlie Mesoarchean age orogenic gold occurrences, and locally, formations of the basal Fortescue Group. To the southeast of the Novo tenements, Pacton’s Friendly Creek, Hong Kong and Golden Palms tenements contain gold showings, including gold nuggets, in areas of Mesoarchean basalts, and in lag gravels mapped as alluvial deposits. To the west and northwest of the Novo project, Pacton’s Arrow South and Arrow North projects contain Archean orogenic gold prospects that are partially covered with extensive layers of alluvial gravels and conglomerates.

Pacton’s initial 2019 Egina exploration will consist of spot sampling of gravels with subsequent follow-up samples based on initial results. Pacton is able to undertake bulk sampling operations as a result of its 2018 strategic alliance with Artemis Resources, which includes access to the Artemis Radio Hill processing plant, now nearing completion.

The initial 2019 Egina exploration program will also include more detailed mapping and sampling of the gold-bearing Mesoarchean basaltic rocks, and their associated erosional gravels.

Figure 3. Distribution of alluvial and colluvial deposits in the Egina area. (CNW Group/Pacton Gold Inc.)

Nullagine -Beatons Creek (Impact 5 tenement)

The Beatons Creek gold project, (Figure 4), consists of extensive gold-bearing Hardey formation conglomerates that outcrop on the eastern edge of a Fortescue Group plateau that accumulated in the Nullagine sub-basin. Novo Resources Corp’s gold project is located immediately west of the town of Nullagine. Immediately east of Nullagine lies the historic Mosquito Creek gold district represented by orogenic gold deposits in older Archean rocks.

Novo has been prospecting, sampling and drilling its Beaton’s Creek project for several years, including a 1,000 m deep reconnaissance hole collared in the Kylena basalt which overlies the Hardey formation and the basal Fortescue Mount Roe basalt. Novo’s sampling and drilling programs have established that gold-bearing units show a substantial increase in gold grade in proximity to faults that cut the Hardey formation.

Figure 4. Location, geology and stratigraphic position of Pacton’s Impact 5 tenement. (CNW Group/Pacton Gold Inc.)

Pacton’s Impact 5 tenement is located approximately 17 km northwest of Novo’s Beatons Creek project and lies on the western edge of the Hardey formation plateau. Pacton has established a stratigraphic equivalency between the exposed Impact 5 western plateau edge and the productive stratigraphy at Beatons Creek. (Figure 5). Moreover, the Hardey formation within the Impact 5 tenement is intensely fractured with steep dipping faults and multiple networks of low displacement shears that collectively form a pervasive fracture network.

The initial 2019 Impact 5 exploration program will consist of surface prospecting along the Hardey plateau’s western edge and along dissected drainages. A specific 70 m thick stratigraphic interval will be investigated on the basis that it is interpreted to correlate with the Beatons Creek gold-bearing stratigraphy. Additionally, the intense fracture network will be sampled on surface, in drainages and along the western Hardey plateau edge.

Figure 5. Selected images of Impact 5 locations showing intense, fractal, low-displacement faults and fractures. (CNW Group/Pacton Gold Inc.)

About Pacton Gold

Pacton Gold (PAC: TSXV; PACXF: US) is a well-financed Canadian junior with key strategic partners focused on the exploration and development of conglomerate-hosted gold properties located in the district-scale Pilbara gold rush in Western Australia. The Company currently controls the third largest conglomerate-hosted gold property portfolio totaling in excess of 2,500 km² and continues to aggressively review additional accretive acquisitions.

The technical content of this news release has been reviewed and approved by Peter Caldbick , P.Geo., a director of the Company and a Qualified Person pursuant to National Instrument 43-101. The qualified person has not yet verified the data disclosed, including sampling, analytical, and test data underlying the information or opinions contained in the written disclosure.

On Behalf of the Board of Pacton Gold Inc.

Alec Pismiris
Interim President and CEO

This news release may contain or refer to forward-looking information based on current expectations, including, but not limited to the Company achieving success in exploring its properties and the impact on the Company of these events, including the effect on its share price. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances. References to other issuers with nearby projects is for information purposes only and there are no assurances the Company will achieve similar results.

Neither TSX Venture Exchange, the Toronto Stock Exchange nor their 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.

Pacton Gold Inc. (CNW Group/Pacton Gold Inc.)

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SOURCE Pacton Gold Inc.

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Blog

EXCELLON Expands High Grade Platosa Footprint Intersecting 2,356 g/p AgEq Over 5 Metres From Surface

Post author By admin
Post date January 25, 2019

Excellon Resources Inc. (CNW Group/Excellon Resources Inc.)

TORONTO , Jan. 24, 2019 /CNW/ – Excellon Resources Inc. (TSX:EXN; OTC:EXLLF) (“Excellon” or the “Company”) is pleased to announce high-grade results from the ongoing surface exploration program at the Platosa Property in Durango, Mexico , where diamond drilling has expanded the NE-1S Manto eastward and identified an open zone of mineralization, with drilling ongoing.

Highlights:

Highest grade intersections encountered to date on NE-1S Manto, extending open zone of potential mineralization eastward from existing mineral resources.
Anomalous gold continues to be intersected along 623 Trend which continues into NE-1S Manto and remains open for expansion to the east.
High-grade intersections include:
- 968 g/t Ag, 9.4% Pb, 20.1% Zn and 0.28 g/t Au or 2,356 g/t silver equivalent (“AgEq”) over 5.0 metres in EX18LP1151;
- 1,127 g/t Ag, 8.41% Pb and 10.46% Zn or 1,996 g/t AgEq over 4.8 metres in EX18LP1155.

“We have encountered significantly higher than anticipated grades and widths at NE-1S from surface,” stated Ben Pullinger , Senior Vice President Geology. “More importantly, we have identified an open zone to continue expanding the mineralized footprint to the east with our ongoing drilling program during 2019.”
Exploration Results
The following table shows highlighted intervals from the current surface drilling program currently targeting the NE-1S Manto.

Hole ID	Interval⁽¹⁾		Interval⁽²⁾	Au	Ag	Pb	Zn	AgEq ⁽³⁾
Hole ID	From	To	metres	g/t	g/t	%	%	g/t
EX18LP1144	344.0	344.8	0.9	0.02	283	9.8	0.3	705
EX18LP1147	343.5	349.1	5.6	0.03	383	8.0	0.2	725
including	343.5	344.2	0.7	0.07	1,394	12.5	0.1	1,917
and	350.4	352.9	2.5	0.01	406	3.7	0.2	570
including	351.0	351.8	0.8	0.01	1,015	8.2	0.2	1,362
EX18LP1149	347.3	347.9	0.6	0.01	2,060	7.8	9.1	2,831
EX18LP1151	352.0	357.0	5.0	0.28	968	9.4	20.2	2,356
including	352.0	353.2	1.2	0.38	1,312	17.2	24.7	3,252
EX18LP1154	350.3	350.2	0.4	–	391	1.5	0.5	478
EX18LP1155	349.5	354.5	4.8	0.02	1,127	8.4	10.5	1,996
including	349.9	350.6	0.7	0.01	4,284	24.9	8.1	5,720

(1)	From-to intervals are measured from the drill collar.
(2)	All intervals are reported as core length, true width is estimated to be 85-95% of reported intervals.
(3)	AgEq in drill results assumes $17.00 Ag, $1.03 Pb and $1.23 Zn with 100% metallurgical recovery, consistent with earlier results from the ongoing drilling program.

Today’s results are from systematic step out drilling to the east of the NE-1S Manto. These holes define an additional approximately 35 metres of eastward extension, where mineralization remains open and is the target of ongoing surface drilling. These holes are also located along a gold-bearing northeast structural trend that continues from the 623 Manto.
Surface drilling continues with a drill rig testing targets in the same target horizon that hosts the Platosa Mine within the north-south trending Platosa corridor. The Company is also in the process of defining new targets at Jaboncillo , PDN, Saltillera North and South and San Gilberto through its ongoing fieldwork program.
Platosa drill core samples are prepared and assayed by SGS Minerals Services in Durango, Mexico . The lab is accredited to ISO/IEC 17025. The Company has a comprehensive QA/QC program, supervised by an independent Qualified Person.

Platosa NE-1S Results – January 2019 (CNW Group/Excellon Resources Inc.)

Qualified Person
Mr. Ben Pullinger , P. Geo, Senior Vice-President Geology, has acted as the Qualified Person, as defined in NI 43-101, with respect to the disclosure of the scientific and technical information relating to exploration results contained in this press release.
About Excellon
Excellon’s 100%-owned Platosa Mine has been Mexico’s highest-grade silver mine since production commenced in 2005. The Company is focused on optimizing Platosa’s cost and production profile, discovering further high-grade silver and carbonate replacement deposit (CRD) mineralization on the 21,000 hectare Platosa Project and epithermal silver mineralization on the 100%-owned 45,000 hectare Evolución Property, and capitalizing on current market conditions by acquiring undervalued projects in the Americas.
Additional details on the La Platosa Mine and the rest of Excellon’s exploration properties are available at www.excellonresources.com.
Forward-Looking Statements
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this Press Release, which has been prepared by management. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including potential property acquisitions, the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/reserves, geological interpretations, proposed production rates, potential mineral recovery processes and rates, business and financing plans, business trends and future operating revenues. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, significant downward variations in the market price of any minerals produced, the Company’s inability to obtain any necessary permits, consents or authorizations required for its activities, to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies. All of the Company’s public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties, and particularly the September 7, 2018 NI 43-101 technical report prepared by SRK Consulting ( Canada ) Inc. with respect to the Platosa Property. This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

SOURCE Excellon Resources Inc.

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FOUNDATIONAL READING

FOUNDATIONAL READING

FOUNDATIONAL READING

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Author: admin

EMX ROYALTY Congratulates Boreal on New High Grade Zinc-Silver-Lead-Gold Drill Results at the Gumsberg Royalty Property in Sweden

MIRASOL Signs a Binding Letter Agreement with Newcrest Mining for Gorbea Gold Project JV in Chile

VANAURUM Major Opportunity Developing in Platinum

Major Opportunity Developing in Platinum

About VanAurum

CHRIS MARCUS When People Lose Confidence in Government, They Always Buy Gold And Silver

Bank of England blocks Maduro’s $1.2B gold withdrawal – report

GROUP TEN METALS Reports High-Grade Palladium, Platinum and Gold from the Wild West and Boulder Target Areas at the Stillwater West Project, Montana, USA

ANACONDA MINING Announces NI 43-101 Mineral Resources for the Great Northern and Cape Spencer Gold Exploration Projects

NEVADA COPPER Focus: U.S. copper projects gain steam thanks to electric vehicle trend

PACTON Finalizes Initial 2019 Pilbara Exploration Plan

EXCELLON Expands High Grade Platosa Footprint Intersecting 2,356 g/p AgEq Over 5 Metres From Surface