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Junior Mining

GREAT BEAR Drills 1,600 g/t Gold over 0.70 m at 150 m Depth in Hinge Zone, Dixie Project (51.29 ounces per tonne over 2.30 feet)

Vancouver, British Columbia–(Newsfile Corp. – January 16, 2019) – Great Bear Resources (TSXV: GBR) (the “Company” or “Great Bear”) today reported drill results from the Hinge Zone (“DHZ”) and South Limb Zone (“DSL”) at its 100% owned Dixie Project in the Red Lake District of Ontario. Results include 1,602.73 g/t gold over 0.70 metres (approximate true width) at 150 metres vertical depth. An image of the gold mineralization in DHZ-014 is shown in Figure 1.

Figure 1: Image of 1,602.73 g/t (51.29 ounces per tonne) gold in Hinge Zone drill hole DHZ-014. The image is selective and is not representative of the gold mineralization hosted on the property.

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Chris Taylor, President and CEO of Great Bear said: “Our Hinge and South Limb Zone are part of a continuous gold vein system which is interpreted to extend along 300 metres in strike length and has been drill tested to a depth of 212 metres. The zone remains open in all directions and occurs immediately south of a regional east-west trending D2 fold hinge and associated structures which extends for approximately 10 kilometres into undrilled areas. For comparison, the Red Lake-Campbell complex (Red Lake Gold Mine) also occurs proximal to a regional D2 fold where shear zones developed and acted as primary hydrothermal fluid conduits, across a 3.2 kilometre by 2.2 kilometre area. Great Bear’s 2019 drill program is fully funded, and results will continue to be released regularly in batches as the program progresses.”

Hinge zone hole DHZ-014 intersected a 10.1 metre wide vein zone (approximate true width). Visible gold was observed at both its upper and lower contacts (Table 1). The vein zone is part of the larger Hinge/South Limb vein system, which parallels an ultramafic unit and deep-seated fault at the centre of the Dixie gold system (Figure 2). The DSL/DHZ vein system has been intersected in 28 drill holes across 300 metres of strike length to-date and is open along strike and at depth. The D2 fold axis that appears to be a significant gold control has been traced through geophysical methods across more than 10 kilometres of strike length. DHZ-014 was drilled to test Great Bear’s 3D vein model, which accurately predicted veining would be present within 15 metres of the actual intercept.

Table 1: Detailed assay results including both metric and imperial units from across the complete mineralized zone in Hinge zone drill hole DHZ-014. Interval begins at 150 metres vertical depth.

Drill Hole From
(m)		 To
(m)		 Width*
(m)		 Gold
(g/t)		 Gold
(oz/t)		 Width*
(ft)
DHZ-014 top contact 176.50 177.00 0.50 58.40 1.87 1.64
180.70 186.60 5.90 190.78 6.11 19.36
vein interval 181.80 185.10 3.30 340.90 10.91 10.83
lower contact 183.90 185.10 1.20 935.64 29.94 3.94
including 184.40 185.10 0.70 1602.73 51.29 2.30

 * width is determined to be 95-100% of true width based on intersection points of the drill hole intercept with the geological model and oriented drill core data. Complete assays of zone below in Table 3.

Other results include additional gold intervals from previously reported Hinge and South Limb drill holes (see news release of December 12, 2018), identified during assaying of the entire drill holes, and are provided in Table 2. 8 of 19 drill holes completed in December 2018 across 220 metres strike length of the South Limb and Hinge zones intersected intervals of greater than 15 g/t gold.

Table 2: Additional gold intervals from drill holes previously released by Great Bear from the Hinge and South Limb Zones. Original results were provided on December 12, 2018.

Drill Hole From
(m)		 To
(m)		 Width
(m)		 Gold
(g/t)		 Vertical
Depth
(m)		 Zone
DHZ-012 275.60 277.60 2.00 2.73 223 Hinge
including 275.60 276.15 0.55 6.02
DSL-014 100.50 102.00 1.50 4.16 81 South Limb
and 163.50 166.50 3.00 4.85 132
including 164.50 166.50 2.00 7.17
and including 164.50 165.50 1.00 13.33
and including 164.50 165.00 0.50 25.82
DSL-015 165.85 170.80 4.95 1.21 156 South Limb
including 169.50 170.30 0.80 5.45
and 173.00 173.50 0.50 9.33

 * width is determined to be 95-100% of true width based on intersection points of the drill hole intercept with the geological model and oriented drill core data.

A cross section through the Hinge Zone is shown on Figure 2. A map showing the Dixie gold zones and current drill results is shown on Figure 3. A long section through the South Limb and Hinge zones is shown on Figure 4. All assays received from the mineralized zone in DHZ-014 and a description of the observed geology are provided in Table 3.

Figure 2: Cross section of Hinge Zone showing central ultramafic and adjacent drill results to-date. Dixie Limb Zone is located to the right of this image and also parallels the central ultramafic.

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Figure 3: Plan map of the Dixie Gold System showing the drill collar locations and hole traces of currently reported gold results.

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Great Bear is currently undertaking a fully-funded 30,000 metre, approximately 150 drill hole program that is expected to continue through 2019 and 2020. A second drill rig will be added to the project in early 2019 to accelerate this work.

Additional photos of mineralization are provided at the Company’s web site at www.greatbearresources.com.

Webinar

Great Bear will host a webinar to discuss the Company’s recent drill results and its recently released 3D model. The webinar will take place on Thursday, January 17th at 11:00am PST/2:00pm EST. Management will be available to answer questions following the presentation. Online access and dial-in numbers are:

Readytalk Platform (access at the time of event):
* http://www.readytalk.com/join
* Access code: 5147677

Dial-In Numbers:
* Canada: +1-647-722-6839
* United States: +1-303-248-0285
* Access Code: 5147677

Figure 4: Long section through the DHZ/DSL as drilled to-date showing currently reported drill results.

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Table 3: All assay intervals and geological description of each interval of DHZ-014 in the vein zone.

Drill Hole From
(m)		 To
(m)		 Gold
(g/t)		 Description
DHZ-014 176.5 177 58.4 High-Fe Tholeiitic Pillow Basalt with quartz veining with visible gold
DHZ-014 177 177.5 0.066 High-Fe Tholeiitic Pillow Basalt
DHZ-014 177.5 178.5 0.027 High-Fe Tholeiitic Pillow Basalt
DHZ-014 178.5 180 0.023 High-Fe Tholeiitic Pillow Basalt
DHZ-014 180 180.7 0.031 High-Fe Tholeiitic Pillow Basalt
DHZ-014 180.7 181.2 0.297 High-Fe Tholeiitic Pillow Basalt
DHZ-014 181.2 181.8 0.385 High-Fe Tholeiitic Pillow Basalt
DHZ-014 181.8 182.4 2.955 Quartz Vein
DHZ-014 182.4 182.9 0.285 Quartz Vein
DHZ-014 182.9 183.4 0.169 High-Fe Tholeiitic Pillow Basalt
DHZ-014 183.4 183.9 0.367 Argillite
DHZ-014 183.9 184.4 1.715 Argillite
DHZ-014 184.4 185.1 1602.73 Quartz Vein with 3-5% visible gold
DHZ-014 185.1 185.6 0.137 Quartz Vein
DHZ-014 185.6 186.1 0.337 Calc-Alk Massive Basalt
DHZ-014 186.1 186.6 0.119 Calc-Alk Massive Basalt

About Great Bear

The Dixie property is located approximately 15 minutes’ drive along Highway 105 from downtown Red Lake, Ontario. The Red Lake mining district has produced over 30,000,000 ounces of gold and is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Goldcorp Inc., plus modern infrastructure and a skilled workforce. The Dixie property covers a drill and geophysically defined 10 kilometre gold mineralized structure similar to that hosting other producing gold mines in the district. In addition, Great Bear is also earning a 100% royalty-free interest in its West Madsen properties which total 3,860 hectares and are contiguous with Pure Gold Mining Inc.’s Madsen property. All of Great Bear’s Red Lake projects are accessible year-round through existing roads.

Drill core is logged and sampled in a secure core storage facility located in Red Lake Ontario. Core samples from the program are cut in half, using a diamond cutting saw, and are sent to Activation Laboratories Ltd. in Ancaster Ontario, and SGS Canada Inc. in Red Lake, Ontario, both of which are accredited mineral analysis laboratories, for analysis. All samples are analysed for gold using standard Fire Assay-AA techniques. Samples returning over 3.0 g/t gold are analysed utilizing standard Fire Assay-Gravimetric methods. Certified gold reference standards, blanks and field duplicates are routinely inserted into the sample stream, as part of Great Bear’s quality control/quality assurance program (QAQC). No QAQC issues were noted with the results reported herein.

Mr. R. Bob Singh, P.Geo, Director and VP Exploration, and Ms. Andrea Diakow P.Geo, Exploration Manager for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.

For further information please contact Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360.

ON BEHALF OF THE BOARD

“Chris Taylor”

Chris Taylor, President and CEO

Inquiries:
Tel: 604-646-8354
Fax: 604-646-4526
info@greatbearresources.ca
www.greatbearresources.ca

Neither 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.

This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.

We seek safe harbor

Categories
Junior Mining

TREASURY METALS Signs Memorandum of Understanding with Eagle Lake First Nation

TORONTO , Jan. 16, 2019 /CNW/ – Treasury Metals Inc. (TML.TO) (“Treasury Metals” or the “Company”) is pleased to announce that it has entered into a Memorandum of Understanding (“MOU”) with Eagle Lake First Nation in relation to the Company’s Goliath Gold Project in Northwestern Ontario (the “Project”).

The MOU is a framework agreement between Eagle Lake First Nation and Treasury Metals to facilitate effective communication, engagement, and negotiation between the Parties with respect to the Project. The MOU will serve as an avenue to facilitate Eagle Lake First Nation’s meaningful continued participation in the federal environmental assessment and regulatory approval process for the Project. Further, the MOU provides a structure for additional opportunities and pathways to participate in the Project through employment, training and business development, financial participation and environmental and cultural protection.

Greg Ferron , CEO of Treasury, states, “A key goal of the Goliath Gold Project is to reflect the knowledge and input of all stakeholders and Indigenous communities in the development of the Goliath Gold Project and Eagle Lake First Nation’s regional experiences, and local traditional knowledge will help with the development of a socially and environmentally responsible Project.”

On behalf of Eagle Lake First Nation, Chief Arnold Gardner commented, “Signing an MOU with Treasury Metals is a positive step moving forward toward building trust with the community of Eagle Lake First Nation which is an important step in the process.”

To view further details about the Goliath Gold Project, please visit the Company’s website at www.treasurymetals.com.

Follow us on Twitter @TreasuryMetals

About Treasury Metals Inc.:

Treasury Metals Inc. is a gold focused exploration and development company with assets in Canada and is listed on the Toronto Stock Exchange (“TSX”) under the symbol “TML” and on the OTCQX® Best Market under the symbol TSRMF. Treasury Metals Inc.’s 100% owned Goliath Gold Project in northwestern Ontario is slated to become one of Canada’s next producing gold mines. With first-rate infrastructure currently in place and gold mineralization extending to surface, Treasury Metals plans on the initial development of an open pit gold mine to feed a 2,500 per day processing plant with subsequent underground operations in the latter years of the mine life.

About Eagle Lake First Nation:

The Eagle Lake First Nation is situated on the northeast shores of Eagle Lake and is located in the heart of the Canadian Shield in the boreal forests and lakes of Northwestern Ontario . The community is approximately 25 km southwest of Dryden and is accessible via Highways 502 and 594, and is a two hour drive from the U.S. border. Eagle Lake’s total on-reserve population as of December 2018 is 238.

The people of Eagle Lake are governed by a Chief and three Council members, elected every two years under the Indian Act. Eagle Lake is part of the Grand Council Treaty #3 which was signed on October 3 , 1873. Grand Council Treaty #3 covers 55,000 square miles.

Eagle Lake First Nation is located within the Grand Council Treaty #3 territory with a land base of 55,000 square miles in Northwestern Ontario . Eagle Lake First Nation of Eagle Lake is also referred to as Migisi Sahgaigan (Ojibway translation of Eagle Lake ).

For further information about the community of Eagle Lake First Nation please visit: http://www.eaglelakefirstnation.ca/.

Forward-looking Statements

This release includes certain statements that may be deemed to be “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expect, are forward-looking statements. Actual results or developments may differ materially from those in forward-looking statements. Treasury Metals disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.

SOURCE Treasury Metals Inc.

View original content: http://www.newswire.ca/en/releases/archive/January2019/16/c7365.html

Categories
Base Metals Energy Junior Mining Precious Metals Project Generators

PAUL STEPHENS – Robertson Stephens Funds discusses the royalty model; EMX Royalty “Town Hall” live (& replay) webinar, Wed, Jan 16, 4:05 PM EST

Listen to the Wall Street experts ask the questions

david

Join Us: Paul Stephens, co-founder of RS Investments (Robertson Stephens) discusses the royalty model; EMX Royalty Corp. “Town Hall”-style (live & replay) webinar, Wed, Jan 16, 4:05 PM EST

This Wednesday, January 16th at 4:05 PM  Eastern (EST) we will be covering the royalty model of resource investing with EMX Royalties and Silicon Valley legendary financier and investor Paul Stephens. The royalty model provides exposure to multiple upside opportunities, while minimizing the impact on a company’s treasury. (Think Wheaton, Franco Nevada, Osisko Gold Royalties and Sandstorm.) David Cole, Pres&CEO of EMX will be presenting.
EMX: website, presentation, stock page (US), stock page (CA), pre-registration link.
To help explain the model before the formal presentation by EMX Royalty, Paul H. Stephens, Stephens Investment Management (19% shareholder of EMX) will be speaking. Paul  has been a leading figure in west coast asset management and investment banking for over thirty years. He is the co-founder and Managing Director of RS Investments. RS Investments (formerly Robertson StephensInvestment Management) is a San Francisco-based mutual fund group that managed over $10 billion in assets. (full bio at end of this email.)

Along with a live presentation by management, there will be an expert Q&A panel of Wall Street veterans asking the tough questions you may not have thought to ask. There will also be an opportunity to send in your questions. pre-register here

EMX Royalty Corporation has a long-standing track record of success in exploration discovery, royalty generation, royalty acquisition, and strategic investments. Their diversified, three pronged business approach provides exposure to multiple upside opportunities, while minimizing the impact on EMX’s treasury.

EMX’s business model is designed to efficiently manage the risks inherent to the minerals exploration and mining industry.  Key elements and resulting advantages of their unique approach are:

  • The company organically generate royalties through low cost property acquisition and early-stage exploration to build value, and then develop partnerships with quality companies to advance the projects, with EMX retaining a royalty interest and receiving pre-production payments.
  • Their organic royalty growth is supplemented by purchases of royalties from other parties, as well as strategic investments.
  • Cash flow from royalties, advance royalties, and other property payments are supplemented by returns from strategic investments, and provide “self-funding” operating capital for our ongoing business initiatives.
  • Using this model, they sustainably grow the royalty portfolio, with minimal dilution to our shareholders.

EMX’s royalty and property portfolio spans five continents, and consists of a balanced mix of precious metal, base metal, and other assets.

Now all you have to do is listen…. Click below to pre-register (required):

• Projects & investments on five continents
• Total of over 1.8 million acres of mineral property assets from acquisition & evaluation of >5 million acres over 15 years
• Gold, copper, cobalt, polymetallic, & other interests
• Assets range from royalty properties to early stage exploration projects

• Diversified portfolio with multiple sources of cash flow: ‒ Royalty revenue from producing operations ‒ Sale of assets with retained royalty interests ‒ Pre-production payments from new and ongoing agreements

• Optionality from operators’ investments on EMX’s royalty properties

About Paul H. Stephens, Partner and Chairman

Paul Stephens is a Partner and Chairman of SIM. Paul has been a leading figure in west coast asset management and investment banking for over thirty years. He is the co-founder and Managing Director of RS Investments. RS Investments (formerly Robertson Stephens Investment Management) is a San Francisco-based mutual fund group that managed over $10 billion in assets.
Paul was also a co-founder of Robertson Stephens & Company (“RSCO”) with Sandy Robertson in 1978. While at RSCO, he initially headed up the firm’s research and institutional sales groups, before managing the Robertson Stephens venture capital group from 1984-1990. RSCO grew to become one of the world’s premier boutique investment banks, helping to finance hundreds of Silicon Valley growth companies. RSCO was sold to Bank of America in 1997 and then re-sold to BancBoston in 1998. Paul spearheaded RSCO’s expansion into the asset management business and launched the Orphan Fund in 1990 and the Contrarian Fund in 1993. These funds were part of the foundation of the RSCO asset management business that would later become Robertson Stephens Investment Management.
Paul is a past Chairman and board member of the Haas Business School Advisory Board at the University of California at Berkeley. As an Adjunct Professor of Finance at Haas, Paul taught an investment class for ten years entitled “Investment Styles and Strategies” to second-year MBA students. He has also been an active board member of DUMAC (the Duke Management Company), which manages Duke University’s endowment fund, as well as a director of the U.C. Berkeley Foundation. In 2002, Paul was named a Berkeley Fellow. Paul holds both Bachelor’s (1967) and Master’s (1969) degrees in Business Administration from the Haas School of Business at U.C. Berkeley.

We hope you’ll make the webinar.

click here to pre-register (required): https://attendee.gotowebinar.com/register/7515864959936092161?source=Mail+Chimp
Categories
Base Metals Junior Mining

UEC Announces New NI 43-101 Mineral Resources, Reno Creek ISR Project, Wyoming

Uranium Energy Corp Announces New and Consolidated NI 43-101 Mineral Resources* at the Reno Creek ISR Project, Wyoming
 

  • New and expanded M&I mineral resources rank the Project as the largest permitted, pre-construction in-situ recovery (“ISR”) uranium project in the U.S.
  • First time that the major mineralized trends of the Reno Creek ISR Project have been consolidated within the Eastern Pumpkin Buttes District of the Powder River Basin.
  • Considerable ISR exploration and expansion potential within open mineralized trends based on available historical drilling.

 

  • Added resources benefit from existing production permits in place.

Corpus Christi, TX, January 15, 2019 – Uranium Energy Corp (NYSE American: UEC, the “Company” or “UEC”) is pleased to announce the Company has completed an updated National Instrument 43-101 Standards of Disclosure for Mineral Properties (“NI 43-101”) resource estimate for its Reno Creek ISR Project (“Reno Creek” or the “Project”).
The Project is in the Powder River Basin, Wyoming, and now includes the consolidation and inclusion of the former North Reno Creek project (“North Reno Creek”) into the Company’s Reno Creek Project. * The report is entitled “Technical Report and Audit of Resources of the Reno Creek ISR Project, Campbell County, Wyoming, USA” dated December 31, 2018 as prepared for the Company by Behre Dolbear, an internationally recognized mining consulting firm (the “Report”).
The Report estimates a Measured and Indicated (“M&I”) mineral resource of 26 million pounds of uranium (“U3O8”) at a weighted average grade of 0.041% U3O8contained within 32 million tons, and an Inferred mineral resource of 1.49 million pounds U3O8at a weighted average grade of 0.039% U 3O8contained within 1.92 million tons. *
Amir Adnani, President and CEO, stated, “For decades, the Reno Creek uranium district has been unable to reach its full potential due to fractured ownership. Through a string of accretive acquisitions over the past 24 months, UEC has successfully consolidated the key project areas, clearing the path for this substantial new resource, with the benefit of being covered under our existing production permit. We’re executing on contrarian acquisitions during difficult years in the uranium market and have amassed a production profile of low-cost and fully permitted ISR projects. Combining Reno Creek with the Company’s South Texas ISR projects, positions UEC to lead a renaissance in U.S. uranium production via the ISR mining method, which is globally recognized for being low cost and environmentally friendly.”
The Company completed the acquisition of the North Reno Creek project in May 2018 (press release dated May 3, 2018), and since that time has been focused on updating resources, consolidating permits, merging databases and locating all Project related information into a newly opened office in Glenrock, Wyoming, near the Project.
The Company contracted Behre Dolbear, an internationally recognized mining consulting firm, to complete the Report on the Project. The Report will be filed on SEDAR within 45 days of the date of this press release. Henceforth, Reno Creek and North Reno Creek will be considered as one project in terms of resource reporting, permitting and pre-production planning. The M&I resource estimate for the Project is presented in Table 1: *
Please click this link for the full release: http://www.uraniumenergy.com/news/releases/index.php?content_id=727

Categories
Junior Mining

EXCELLON Announces 2018 Production Results

TORONTO , Jan. 15, 2019 /CNW/ – Excellon Resources Inc. (TSX:EXN and OTC:EXLLF) (“Excellon” or the “Company”) is pleased to announce fourth quarter and annual 2018 production results from the Platosa Mine in Durango, Mexico .

Highlights

  • 2018 Production (compared to 2017)
  • Q4 2018 Production (compared to Q4 2017)

“We realized strong improvements in production in Q4 over Q3 2018, though December scheduling and lower base metal prices impacted silver equivalent production,” stated Brendan Cahill , President and CEO. “Overall, 2018 was a strong year, with record tonnage processed at our Miguel Auza facility and Platosa optimization efforts continuing to pay off. We continue to identify and pursue opportunities to increase metal production and remain focused on increasing daily tonnage while maintaining improved ore grades.”

Production Results

Q4 2018

Q4 2017

2018

2017

Tonnes Mined

16,570

16,114

57,475

57,165

Ore processed (t)

16,132

15,203

56,874

54,425

Historical stockpile processed (t)

5,209

2,775

24,130

9,316

Tonnes Milled

21,341

17,978

81,004

63,742

Ore grades

Silver (g/t)

556

467

488

429

Lead (%)

4.90

4.19

4.87

4.12

Zinc (%)

6.07

6.49

6.90

5.92

Historical stockpile grades

Silver (g/t)

152

191

163

181

Lead (%)

1.49

1.72

1.55

1.55

Zinc (%)

1.57

2.09

1.95

1.69

Blended head grades

Silver (g/t)

458

424

391

393

Lead (%)

4.07

3.81

3.88

3.75

Zinc (%)

4.97

5.81

5.42

5.30

Recoveries

Silver (%)

89.7

90.3

89.2

89.3

Lead (%)

81.2

80.0

79.4

80.9

Zinc (%)

79.4

82.2

80.8

81.4

Metal Production*

Silver (oz)

274,324

223,349

917,714

718,460

Lead (lb)

1,498,851

1,198,286

5,446,218

4,241,225

Zinc (lb)

1,824,406

1,897,894

7,894,186

6,059,922

AgEq (oz)**

509,043

475,007

1,929,092

1,470,650

Average Realized Prices

Silver

$14.74

$16.32

$15.62

$16.89

Lead

$0.89

$1.14

$1.01

$1.08

Zinc

$1.17

$1.45

$1.34

$1.34

*

Subject to adjustment following settlement with concentrate purchaser.

**

AgEq ounces established using average realized metal prices during the period indicated
applied to the recovered metal content of concentrates.

Production during Q4 2018 improved over Q3 2018 and Q4 2017 as multiple ore faces were accessed in the Rodilla, 623, Guadalupe South and Pierna mantos with higher grades and recoveries realized. With ongoing access to multiple ore faces, production is expected to improve further as development progresses toward the next production horizon in level 924.

The Company expects to release fourth quarter financial results at market open on March 20, 2019 .

Qualified Persons

Denis Flood , P. Eng., Vice President Technical Services, 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 production 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 http://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.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2019/15/c2644.html

Categories
Project Generators

MIRASOL RESOURCES Announces Appointment of Norman Pitcher as President and CEO

VANCOUVER , Jan. 15, 2019 /CNW/ – Mirasol Resources Ltd. (TSX-V: MRZ) (OTCPK: MRZLF) (the “Company” or “Mirasol“) is pleased to report that Norman Pitcher , P.Geo., has been appointed President and CEO of the Company effective February 1, 2019 . Mr. Pitcher will succeed Stephen Nano , who has led the Company as President and CEO since the spring of 2014. Mr. Nano will continue to serve as a director of Mirasol and as an advisor to the Company.

Mr. Pitcher has over 30 years of experience in the mining industry and recently served as the President of Eldorado Gold Corporation from July 2012 until December 2015 , prior to which he served as Chief Operating Officer of Eldorado from July 2005 to July 2012 . Throughout his career with Eldorado , Pan American Silver, H.A. Simons, Ivanhoe Gold and Pioneer Metals, he was involved in exploration, evaluation and exploitation of open pit and underground mineral deposits on a world-wide basis. Mr. Pitcher is a Professional Geologist and holds a B.Sc. in Geosciences from the University of Arizona . Mr. Pitcher is currently a non-executive director of Roxgold Inc. and Allegiant Gold.

Dana Prince , the Chairman of the Company, stated: “On behalf of the Board and management of the Company, we welcome Norman to Mirasol. We are confident that his experience as a seasoned and successful international mining executive will hasten Mirasol’s further success as it enters its next stage of development.”

Mr. Nano is a founder of Mirasol, serving the Company since its inception in 2003, where he has played an integral role in its development, initially as Vice President of Exploration and over the last four and a half years as President, CEO and Director.

Mr. Prince stated: “On behalf of the Board and the entire Company, we thank Stephen for his exceptional service as President and CEO and for his contributions and leadership which have helped place the Company in a very strong position for its next stage of development.”

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 .

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.

SOURCE Mirasol Resources Ltd.

View original content: http://www.newswire.ca/en/releases/archive/January2019/15/c1437.html

Categories
Junior Mining

GROUP TEN METALS Exhibiting at Booth 322, Vancouver Resource Investment Conference, Jan 20-21, 2019

Vancouver, British Columbia–(Newsfile Corp. – January 14, 2019) – Group Ten Metals (TSXV: PGE) would like to cordially invite you to visit us at Booth #322 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Sunday January 20 – Monday January 21, 2019.

The Vancouver Resource Investment Conference has been the bellwether of the junior mining market for the last twenty-five years. It is the number one source of information for investment trends and ideas, covering all aspects of the natural resource industry.

Each year, the VRIC hosts over 60 keynote speakers, 350 exhibiting companies and 9000 investors.

Investment thought leaders and wealth influencers provide our audiences with valuable insights. C-suite company executives covering every corner of the mineral exploration sector as well as metals, oil & gas, renewable energy, media and financial services companies are available to speak one on one. This is a must-attend for investors and stakeholders in the global mining industry.

For more information and/or to register for the conference please visit: https://cambridgehouse.com/vancouver-resource-investment-conference

We look forward to seeing you there.

For further information:

Group Ten Metals
Chris Ackerman
604 357 4790
cackerman@grouptenmetals.com
www.grouptenmetals.com

Categories
Junior Mining

METALLIC MINERALS Corp Invites Shareholders and Investment Community to visit us at Booth 322 at the VRIC Conference in Vancouver, January 20-21, 2019

Vancouver, British Columbia–(Newsfile Corp. – January 14, 2019) – Metallic Minerals Corp (TSXV: MMG) would like to cordially invite you to visit us at Booth #322 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Sunday January 20 – Monday January 21, 2019.

The Vancouver Resource Investment Conference has been the bellwether of the junior mining market for the last twenty-five years. It is the number one source of information for investment trends and ideas, covering all aspects of the natural resource industry.

Each year, the VRIC hosts over 60 keynote speakers, 350 exhibiting companies and 9000 investors.

Investment thought leaders and wealth influencers provide our audiences with valuable insights. C-suite company executives covering every corner of the mineral exploration sector as well as metals, oil & gas, renewable energy, media and financial services companies are available to speak one on one. This is a must-attend for investors and stakeholders in the global mining industry.

For more information and/or to register for the conference please visit: https://cambridgehouse.com/vancouver-resource-investment-conference

We look forward to seeing you there.

For further information:

Metallic Minerals Corp
Chris Ackerman
6046297800
chris.ackerman@metallic-minerals.com
www.metallic-minerals.com

Categories
Precious Metals

CHRIS MARCUS Will The Next Silver Rally Exceed The 2011 Highs

Will The Next Silver Rally Exceed The 2011 Highs
Written by Chris Marcus of Miles Franklin
While many are beginning to realize that the gold and silver markets have indeed been manipulated, it’s interesting to consider what might happen when that manipulation is resolved.
Because while the wait has been frustrating for many, that’s not to say it will not end without due reward. Especially when you think back about what actually happened in 2011, and consider some of the dynamics involved.
When silver was soaring in April of 2011 and reached $49 per ounce, there was some attention being paid by the market. CNBC added gold and silver to its bottom of the screen ticker, and even some in the mainstream were at least temporarily aware of what was happening with the metals pricing.
Yet in a recent conversation with friend who’s also a silver investor, something occurred to me that I’ve not heard anyone comment on. In particular, how even when the prices were moving, I wonder how many people actually owned gold or silver.
Keep in mind that for a bubble to form, the generally agreed-upon definition includes that a large percentage of the investment community already owns the asset. Yet in 2011 even as prices were rising, there were still relatively few investors who actually held any physical metal.
At the time I was trading equity options on the New York Stock Exchange, and outside of myself, there wasn’t anybody else I talked to on the floor who was actually buying gold or silver. In fact when I think back to my Wall Street days, I still can’t think of anyone who ever even spent any time thinking about gold and silver. Outside of if they were hearing about it from me.
So if silver went to $49 per ounce while relatively few in the greater population were actually invested, what’s going to happen when you reach the point where precious metals become a popular asset again? Especially given how there really isn’t that much physical silver to go around. Certainly not compared to the amount of paper silver that’s out there.
Some analysts (myself included) wonder whether the physical metal that’s supposed to back GLD and SLV is actually in place and being safely stored as advertised. And should there be some sort of break in the market where that turns out to not be the case, or if there’s some sort of default on the COMEX contracts, the potential for a run on the bank for actual physical silver looms large.
So if silver hit $49 per ounce without any of these conditions occurring, what kind of prices are we talking about if they do? Add on that when we finally reach the point where there is a break in the dollar and foreign creditors are looking to re-allocate their capital into sound money, where does the price of silver go then?
In recent years Deutsche Bank, JP Morgan, and the Bank of Nova Scotia have all been involved in court cases with varying degrees of admissions of precious metals market manipulation. With my own internal belief being that if the primary reason silver was hammered down from $49 per ounce was due to illegal trading behavior, that the $49 level would be somewhat of a floor. With a true free market price trading somewhere north of that. Then when you factor in how that was with relatively few actually owning any gold and silver, and it becomes fascinating to think about what that price might be.
I can certainly understand the frustration many feel in waiting for this ultimate outcome. But given the fundamentals and factual developments that have occurred in recent years, it continues to seem like a worthwhile wait.
If you have questions about any of the points raised in this article, as always you are welcome to email me here. Or if you are already seeing a similar perspective and are interested in purchasing precious metals, you can do so by calling Miles Franklin at 1-800-822-8080.
In either case it will be truly stunning and fascinating to see how the market is ultimately resolved. Yet for those with the fortitude and patience to stay with their trade, I continue to believe that the payoff will be well worth the wait.
And with the Federal Reserve already starting to backtrack on future interest rate increases, which means more money printing is likely on the way (perhaps as soon as 2019), aren’t gold and silver far better options than the paper dollar and treasury alternatives?
-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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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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Categories
Junior Mining Project Generators

RIVERSIDE RESOURCES Visit Riverside at the VRIC – Booth #816

Dear Riverside Shareholders and Followers,
Riverside invites you to visit management on January 20-21 to the Vancouver Resource Investment Conference (VRIC) held at the Vancouver Convention Centre West. We look forward to meeting and providing shareholders and investors with a detailed corporate update and outlook for 2019.
Use Promo Code ‘VRIC19GUEST‘ for free entry to this years show.
Please visit us at booth #816 or give us a call at your convenience to catch-up on the latest Riverside news.
Best regards,
The Riverside Team
relmajian@rivres.com 
778-327-6671 x 312