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COLUMBUS GOLD Announces $2 Million Private Placement and Provides Montagne d’Or Project Update; Nordgold Increases Its Equity Interest in Columbus

Post author By admin
Post date January 14, 2019

VANCOUVER, British Columbia, Jan. 11, 2019 (GLOBE NEWSWIRE) — Columbus Gold Corp. (CGT: TSX, CGTFF: OTCQX) (“Columbus”) is pleased to announce a non-brokered private placement for gross proceeds of up to CAN$2 million, and to provide an update on the status of the Montagne d’Or gold mine project (Columbus 44.99% and Nordgold 55.01%) in French Guiana.

The private placement* will be for up to 10,000,000 units at a price of $0.20 per unit. Each unit will be comprised of one common share of Columbus, and a half warrant. Each full warrant will entitle the holder, on exercise, to purchase one common share of Columbus at a price of $0.40, for a period of 12 months from the closing date of the private placement. Finders fees will be paid in connection with a portion of the private placement in accordance with the policies of the Toronto Stock Exchange (the “TSX”). Columbus intends to use the proceeds of the private placement for general working capital purposes. The private placement is subject to approval by the TSX.

Nordgold will subscribe to 4,671,048 units in the private placement to increase its interest in Columbus to 9.99% on a non-diluted basis, and 11.22% when taking into account the effect of the exercise of the Nordgold warrants.

Columbus Gold’s proposed mine development at Montagne d’Or in French Guiana upholds responsible mining principals, with a view to mitigating environmental impact while allowing for economic development. The Montagne d’Or gold mine will be the 2^ndlargest employer in a region of France where unemployment is disproportionately high.

“The proposed Montagne d’Or gold mine, in combination with the potential future development of a number of other gold mines in the region (click link for map with location of other companies active in French Guiana: www.columbusgold.com/i/nr/2019-01-11-map.pdf), has the potential to elevate the economy of French Guiana with the creation of thousands of jobs,” said Robert Giustra, Chairman of Columbus.” In addition, the presence of responsible mining operators serves as a deterrent to illegal miners, whose activities cause deforestation, mercury contamination and siltation of waterways. Responsible mining protects French Guiana’s greatest natural resources – its forests and its water.”

The process towards permitting of Montagne d’Or continues to move forward. On December 5^th, 2018, the French National Commission of Public Debate (the “CNDP”) officially acknowledged the decision of the Montagne d’Or joint-venture to move forward with permitting and development of the Montagne d’Or gold mine, subject to certain modifications based on the recommendations of the CNDP (see news release dated November 27, 2018).

A report by the inter-ministerial mission (see news release dated November 27, 2018), is expected to be filed in the coming weeks. The mission is a joint ministerial task-force under the direction of the French Ministers of Environment, of Economy and Finance, and of Overseas Territories. Its purpose is to assess the social and economic benefits, and the impacts, of the development of the gold mining industry in French Guiana, taking into consideration in particular Montagne d’Or, the most advanced large gold project in French Guiana. Based on the conclusions and recommendations of the task-force’s report, the French Government, in close cooperation with the local authorities of French Guiana, will consider the conditions under which the gold mining industry in French Guiana will operate.

There is opposition to the Montagne d’Or mine development, principally by NGOs, and some politicians. However, Montagne d’Or continues to garner widespread support from numerous local groups, three out of the four local workers’ trade unions that have signed agreements with the Montagne d’Or joint-venture company, and a majority of the elected representatives of French Guiana, notably Mr. Rodolphe Alexandre, the President of French Guiana whom has stated on several occasion: “I’ve always said that I support the gold mining sector… replacing illegal mining by legal mining“. In a very recent television news interview (January 7, 2019) Mr. Alexandre reiterated his strong views in support of the project. Click here to view the interview:

www.columbusgold.com/i/nr/2019-01-11-video.mp4

Other elected representatives of French Guiana that express ongoing support for Montagne d’Or include Sophie Charles, the Mayor of Saint-Laurent du Maroni (Montagne d’Or is located within the municipal jurisdiction of Saint-Laurent du Maroni), Paul Dolianki, Mayor of the Municipality of Apatou (the closest community to Montagne d’Or) and Vice-President of the Organization of Municipalities of West French Guiana, Lénaïck Adam, one of two Delegates of the National Assembly representing French Guiana in the lower house of Parliament of France, Georges Patient, one of two Senators representing French Guiana in the upper house of the Parliament of France. Another Delegate representing French Guiana, Gabriel Serville, has expressed his opposition to the use of cyanide, requesting the government to ban cyanide technologies in the mining industry in France. His proposed bill is at an early stage and can take months or even years to be voted on, if ever. Similar bills to ban cyanide mineral processing technologies have been proposed in 2010 and again in 2017 by some members of the European parliament. In both instances the proposed bills were flatly rejected by the European Commission (see news release dated November 20, 2018).

Other notable individuals that have expressed support for Montagne d’Or in the past (see news release dated August 7, 2018) include:

Paulin Bruné – Former Delegate of the National Assembly, representing French Guiana in the lower house of the Parliament of France and current President of the local Federation of the Republican Party.

Jean Gontrand – Elected representative of the Organization of Municipalities of West French Guiana, Member of the Port Commission of West French Guiana, and Councillor of the City of Saint-Laurent du Maroni.

Denis Galimot – a Vice President of French Guiana.

Gauthier Horth – Elected Councillor of French Guiana.

Léon Bertrand – Former Mayor of Saint-Laurent du Maroni.

Barbara Bartebin – Deputy Mayor of Saint-Laurent du Maroni.

Bernard Sellier – Deputy Mayor of Saint-Laurent du Maroni.

Michel Chaya – Vice-President of the Chamber of Commerce and Industry of French Guiana.

Monique Guard – President of “Citoyens Citoyennes” – A collective movement advocating for social causes in French Guiana.

Valentine Bonifacie – President of “Les Premières de Guyane”, incubator for innovative entrepreneurs.

Thara Govindin – President of the Movement of French Entrepreneurs (MEDEF), French Guiana Chapter.

Columbus is pursuing additional opportunities in French Guiana that could establish Columbus as the dominant player in a world class emerging gold mining district.

*The private placement securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

ABOUT COLUMBUS GOLD

Columbus is French Guiana’s leading gold exploration and development company. Columbus holds a major interest in the world-class Montagne d’Or gold deposit. A feasibility study for Montagne d’Or was filed in May 2017, and the permitting process is currently underway. Columbus is also earning into the Maripa gold exploration project where past drilling has returned excellent near surface results, including 36 meters of 4.3 g/t gold.

ON BEHALF OF THE BOARD,

Robert F. Giustra
Chairman

For more information contact:

Investor Relations
(604) 634-0970 or
1-888-818-1364
info@columbusgold.com

Certain statements and information contained in this press release constitute “forward-looking statements” within the meaning of applicable U.S. securities laws and “forward-looking information” within the meaning of applicable Canadian securities laws, which are referred to collectively as “forward-looking statements”. The United States Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for certain forward-looking statements. Forward-looking statements are statements and information regarding possible events, conditions or results of operations that are based upon assumptions about future economic conditions and courses of action. All statements and information other than statements of historical fact may be forward-looking statements. In some cases, forward-looking statements can be identified by the use of words such as “seek”, “expect”, “anticipate”, “budget”, “plan”, “estimate”, “continue”, “forecast”, “intend”, “believe”, “predict”, “potential”, “target”, “may”, “could”, “would”, “might”, “will” and similar words or phrases (including negative variations) suggesting future outcomes or statements regarding an outlook. Forward-looking statements in this and other press releases include but are not limited to statements and information regarding: its plans, or modifications thereunder, to develop Montagne d’Or, including its employment, future gold mining development and economy effect; the construction and development plans for the Montagne d’Or gold mine, including anticipated timing thereof; the satisfaction of additional requirements to the construction of the Montagne d’Or gold mine, including but not limited to, the submission and processing of mine permit applications; the delivery of a concluding report from the French joint ministerial task-force for Montagne d’Or; the timing and rendering of a decision regarding the development of the gold mining industry in French Guiana; the earning into of the Maripa gold exploration project; and the private placement of units, including the terms, approval and timing thereof. Such forward-looking statements are based on a number of material factors and assumptions and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to differ materially from those anticipated in such forward-looking information. You are cautioned not to place undue reliance on forward-looking statements contained in this press release. Some of the known risks and other factors which could cause actual results to differ materially from those expressed in the forward-looking statements include the proposed bill to ban cyanide technologies in the mining industry in France and additional risks and other factors described in the sections entitled “Risk Factors” in the Annual Information Form of Columbus Gold Corp., available on SEDAR under Columbus’ profile at www.sedar.com. Actual results and future events could differ materially from those anticipated in such statements. Columbus undertakes no obligation to update or revise any forward-looking statements included in this press release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

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SPROTT’S THOUGHTS Flawed Fundamentals Won’t Fly

Post author By admin
Post date January 11, 2019

IF ECONOMISTS DESIGNED AIRPLANES, WOULD YOU FLY?
By Albert Lu

Source: https://commons.wikimedia.org (cropped)

It’s a fair question. Would you?
Are their models robust? Are their predictions reliable? In other words, is their science sound? Don’t kid yourself; you know the answer.
I suspect even economists would refuse to fly if their colleagues designed the planes.
That’s because as far as scientists go, economists are held to a low standard, very low. We expect them to be wrong, and they rarely disappoint.
When economists mess up, we call the FDIC to clean up the mess. When real scientists and engineers mess up, we call the NTSB — that’s the difference.
THE FUNDAMENTALS
The fundamentals are strong; that’s what they’ve told us for months. Even as the stock market struggled, economists assured us that the economy was fundamentally healthy. The economy has been expanding, the unemployment rate is low, job growth is strong and so on.
There’s no collapse coming, they say, just a return to moderate growth. Isn’t that what the experts said about real estate in 2006?
Here’s the problem: The fundamentals look good, until they don’t. And then it’s too late.
KEY ECONOMIC INDICATOR PLUNGES
The Institute for Supply Management (ISM) upended markets last week when its key manufacturing indicator, the Purchasing Managers’ Index (PMI), missed expectations. The December figure came in at 54.1, versus an estimate of 57.9. The figure was the lowest going back to November 2016. Any reading below 50 corresponds to an economic contraction.
While the decline in the index itself is cause for concern, the survey responses are equally alarming.

“Growth appears to have stopped. Resources still focused on re-sourcing for U.S. tariff mitigation out of China.” (Computer & Electronic Products)
“Brexit has become a problem due to labeling changes.” (Chemical Products)
“Customer demand continues to decrease [due to] concerns about the economy and tariffs.” (Transportation Equipment)
“Starting to see more and more inflationary increases for raw materials. Also, suppliers [are] forcing price increases due to tariffs.” (Food, Beverage & Tobacco Products)
“Business is steady, but pace of incoming orders are slowing.” (Furniture & Related Products)
“Caution seems to be the outlook. Are we in a correction, or is the market getting ready to slow over time?” (Fabricated Metal Products)

Tariff concerns, slowing demand, increasing raw material costs. Indeed, the market has cause for concern.
APPLE’S $5 BILLION MISS
Don’t take my word for it. Ask Tim Cook, the CEO of Apple, or one of the many hedge fund investors who together lost over $2 billion on Apple stock when the company missed its revenue projection last week. Warren Buffett’s Berkshire Hathaway, whose Apple holdings make up 21% of the company’s portfolio, lost over $3.8 billion on the drop.
Apple revised its quarterly revenue forecast down to $84 billion from $89 billion. However, just 60 days earlier, the company had predicted it would exceed last year’s figure of $88.3 billion.
The news sent stocks spiraling — the Dow Jones Industrial Average lost 660 points in Thursday trading before recovering on Friday.
In a letter to shareholders, Cook blamed weaker demand in China for the surprise cut in revenue outlook, the first in almost two decades.
THE BLAME GAME
While Cook and others are quick to blame China, Brexit, currency fluctuations and a host of other external factors for their troubles, their real problems lie closer to home.
Zero percent interest rates, quantitative easing, tax cuts and government spending only go so far. Eventually, the fiscal and monetary spell wears off and problems resurface.
In the case of Apple, perhaps a failure to innovate in a saturated and increasingly competitive market is partly to blame?
Before long, the trade war with China will pass, as will Brexit. But our real problems will remain.
THE CRASH TO SAFETY
Apple’s revenue warning, which came late Wednesday, caught traders off guard and triggered a stampede into the yen. The Japanese safe-haven currency jumped 8% against the Australian dollar and 10% versus the Turkish lira in what some observers are calling an “FX flash crash.”
“The yen is excessively undervalued and we’re now seeing that unwind, largely because risk aversion increased,” was one currency trader’s explanation to Bloomberg.
U.S. Treasuries also benefited from the dash to safety. The 10-year Treasury yield fell by six basis points to 2.56%.
Gold, the historical safe-haven asset, reached its highest price in almost seven months, rising 0.7% to $1,293.61 per ounce.
POWELL TO THE RESCUE
A better than expected U.S. jobs report and dovish rhetoric from Fed Chairman Powell combined to propel stocks upward on the first Friday of the year. The Dow Jones Industrial Average rose over 800 points before finishing the session up 746.
In a statement aimed to calm markets, Powell assured investors, “As always, there is no preset path for policy,” before adding, “we will be patient as we watch to see how the economy evolves.”
Regarding the plan to reduce its balance sheet, Powell said the central bank would not hesitate to change the plan if it caused problems.
It seems the Fed put is alive and well. The Dow extended last Friday’s gains with a strong rally this week, briefly topping 24,000 on Thursday — I suppose the fundamentals are good once again?
THE LESSON
Last week’s panic provides an illustrative lesson for prudent investors. Despite the inevitability of a U.S. recession (sooner or later), the market is clearly not pricing one in today. When the outlook shifts and fundamentals deteriorate, it will be far too late to act.
Better to prepare now than to trust the assurances of a pseudo-science that just won’t fly.
Read in browser »

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Junior Mining

EXCELLON Drills 3,574 g/t Silver Equivalent Over 4.9 Metres at Platosa

Post author By admin
Post date January 10, 2019

TORONTO , Jan. 10, 2019 /CNW/ – Excellon Resources Inc. (TSX:EXN; OTC:EXLLF) (“Excellon” or the “Company”) is pleased to announce results from underground exploration at the Platosa Mine in Durango, Mexico .

Highlights

Further definition and expansion of the high-grade 623 Manto, with diamond drilling results including:

“Our underground drilling over the past two years has improved the definition and quality of tonnes within the resource,” stated Ben Pullinger , Senior Vice President Geology. “Today’s results further that success and represent potential additions to Platosa resources.”

Exploration Results

The following table shows highlighted intervals from the current definition and infill program being conducted from underground at Platosa:

Hole ID	Interval⁽¹⁾		Interval⁽²⁾	Au	Ag	Pb	Zn	AgEq ⁽³⁾	Area
Hole ID	From	To	metres	g/t	g/t	%	%	g/t
EX18UG437	51.1	57.8	6.6	0.1	704	5.8	10.1	1,450	623
including	52.8	55.4	2.7	0.1	1,669	13.2	24.4	3,434
EX18UG438	54.5	59.4	4.9	–	2,802	12.1	5.4	3,574	623
including	54.9	57.8	2.8	–	4,789	20.4	9.0	6,087
EX18UG443	99.5	103.2	3.7	–	775	7.3	6.4	1,395	NE-1S
EX18UG445	83.1	87.3	4.2	–	150	0.1	2.0	254	Pierna
including	84.5	84.8	0.3	–	1,410	0.4	0.6	1,459

(1)	From-to intervals are measured from the drill collar, with drill holes marked UG or PH drilled from underground stations.
(2)	All intervals are reported as core length.
(3)	AgEq in drill results assumes $17.00 Ag, $1.03 Pb and $1.23 Zn with 100% metallurgical recovery.

Results from this release incorporate drilling from the Martillo and 822-2 underground drill stations which were developed to expand and define mineralization at the Rodilla, NE-1S and 623 Mantos. Drill results in this release were not included in the Company’s updated Mineral Resource Estimate as of March 31, 2018 and represents potential for additions to existing resources.

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.

Isometric View of Results Looking Southwest

Surface Exploration Update

Surface drilling continues with a drill rig testing targets that host the Platosa deposit within the north-south trending Platosa corridor, with assays pending. The Company continues to test priority targets within this corridor while defining new targets at Jaboncillo , PDN, Saltillera North and South and San Gilberto through ongoing fieldwork. A 3D induced polarization program was completed at Jaboncillo and PDN in late 2018 in preparation for drilling programs on both targets in the coming months.

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.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2019/10/c6033.html

Base Metals Junior Mining Precious Metals Project Generators

RIVERSIDE RESOURCES Outlines Corporate Outlook for 2019

Post author By admin
Post date January 9, 2019

VANCOUVER, British Columbia, Jan. 09, 2019 (GLOBE NEWSWIRE) — Riverside Resources Inc. (“Riverside” or the “Company”) (TSX-V: RRI) (RVSDF) (R99.F) is pleased to provide a brief outlook for the coming year. Riverside is pleased to enter 2019 with a stable of high-quality gold, silver and copper exploration assets in Mexico. Riverside continues to have a tight share structure (less than 45M shares outstanding); increasing the potential for strong share price appreciation on new exploration successes. The list below outlines some of the key catalysts and opportunities the Company is currently forwarding:

Riverside has exciting drill targets that are permitted and ready for testing at multiple 100% owned projects in Mexico (including high-grade gold at Cecilia and high-grade silver at the Peñoles Project)
The Company has been advancing potential joint venture partnerships and is optimistic new deals can be secured to advance multiple projects simultaneously
Riverside expects to expand outside of Mexico during 2019, as the Company continues to grow and diversify the generative portfolio
Actively engaged in strategic alliance discussions with major companies, with aim of leveraging past investments and regional knowledge in Mexico
Partner-funded exploration expected to commence at the La Silla Project in 2019 (Sinaloa Resources)
New go-public transaction expected during Q1-Q2 from Croesus Gold Corp., (Riverside currently owns >5,000,000 Croesus common shares and holds a 2% NSR on the Sugarloaf Peak Project)

Listen to Riverside’s President & CEO, John-Mark Staude speak on the Company’s growth plans for 2019.
Riverside’s President and CEO, John-Mark Staude, stated: “Riverside is in a good position heading into 2019, we are focused to leverage off of last year’s work to improve the Company’s portfolio and are working up partnerships and catalysts for a positive year ahead. We have drill targets ready to go along with shares in other juniors and remain focused on delivering new accretive transactions for the Company. We are confident 2019 will be a strong rebound year for the company with momentum building during the first quarter.”

Options & Bonus Shares Granted:
On January 8, 2019 the Company granted 785,000 incentive stock options (the “Options”) to certain Directors, Officers and Consultants of the Company. The Options are exercisable at $0.17 per share for a period of 5 years from the date of grant. Options granted to individuals in their capacity as a Director vest in 3 equal instalments over 18 months and Options granted to Officers and Consultants vest in 4 equal instalments over 12 months. The Company also granted 265,000 bonus shares to certain Directors, Officers and Consultants of the Company. The Options & bonus shares were granted pursuant to the Company’s shareholder-approved stock option and bonus share plan and are subject to the policies of the TSX Venture Exchange and any applicable regulatory hold periods.

About Riverside Resources Inc.:
Riverside is an exploration company driven by value generation and discovery. The company has a strong portfolio of gold-silver and copper assets in Mexico and a tight share structure with less than 45M shares outstanding. Riverside has extensive experience and knowledge operating in Mexico and has leveraged its large database to generate a portfolio of prospective mineral properties. In addition to Riverside’s own exploration spending, the Company also strives to diversify risk by securing joint-venture and spin-out partnerships to advance multiple assets simultaneously and create more chances for discovery. Riverside has additional properties available for option, with more information available on the Company’s website at www.rivres.com.

ON BEHALF OF RIVERSIDE RESOURCES INC.
“John-Mark Staude”
Dr. John-Mark Staude, President & CEO

For additional information contact:

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

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

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

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

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JAMES RICKARDS: Runway For Gold Opens Up On Anticipated Tailwinds

Post author By admin
Post date January 9, 2019

James Rickards: Runway For Gold Opens Up On Anticipated Tailwinds

Jan 08, 2019 01:58 pm
By Remy Blaire

James Rickards, Author of The Road to Ruin

A New Year is upon us and gold is shining bright. The precious metal is holding onto recent gains after closing out 2018 near a six-month high. Spot gold managed to post its best monthly gain in almost two years in December and outperformed the broader market. Volatility in global equity markets, the outlook for the Federal Reserve and a weakening dollar, pushed gold out of the doldrums for the year.
Gold may have posted its first annual pullback since 2015, but recorded a gain of 7.2% in Q3 2018 and an advance of 4.6% in December. In fact, the precious metal had its best December performance in a decade. Considering that gold hit a 20-month low in August of last year, the pace of recovery is worth noting. Also daily trading volume for the metal was high in terms of OTC transactions rising by 2% YOY.
2019 kicked off with concerns about the slowing global economic growth and the trajectory of the Federal Reserve’s monetary policy. Ongoing uncertainty over U.S.-China trade negotiations, the partial U.S. government shutdown and Brexit, boosted demand for safe havens.
Ahead of the positive U.S. Employment Report for December, gold futures managed to top the $1,300 an ounce mark. Prices retreated below the psychological level in the aftermath of a robust jobs report as Fed Reserve Chairman Jerome Powell emphasized the central bank’s sensitivity to downside risks and expressed his confidence in the U.S. economy. While risk appetite rose amid the rhetorical shift, it may be too soon to breathe a sigh of relief.
YELLOW METAL GOING HIGHER DESPITE HEADWINDS
Jim Rickards joined me at the NASDAQ MarketSite at the end of last year to talk about the outlook for 2019. He expects the headwinds for gold will turn into tailwinds and that the outlook for prices remains positive. Given the slow and gradual recovery for spot gold, Rickards mentioned that he gets asked often about the leisurely pace of the advance.
Interview segment with Jim Rickards taped on December 2018: CLICK HERE.
The fundamentals that are monitored closely in correlation to gold include USD price action, the interest rate outlook and inflation. The Federal Reserve may be nearing the end of its three-year rate hiking cycle sooner rather than later. With potential upside for gold prices, be on the lookout for a possible breakout amid volatile trading conditions.
BULLISH SIGNS FOR GOLD?
As the first full trading week of 2019 got underway data from the People’s Bank of China showed that the nation increased its gold reserves last month for first time since October 2016. While this is a notable move, other countries around the globe added to their gold holdings for the first time in several years. Hungary and Poland added to their gold holdings following similar diversification and repatriation moves by other central banks.
It is no secret that gold is viewed as a safe haven asset that provides protection from USD fluctuations so it should come as no surprise that central bank reserve holdings of gold climbed last year. The official numbers on central bank net purchases of gold showed that the net buying of reserves pushed overall sector activity higher.
According to the latest World Gold Council report, gold-backed ETFs rose in December and posted the third consecutive month of positive flows. European funds propelled the growth with Germany leading with inflows of $2.6 billion. Meanwhile North American funds led the outflows during the first three quarters of the year but reversed course in the fourth quarter and managed to make up most of the losses from 2018.
The WGC’s monthly gold ETF/ETP report also reflected strength of inflows with total gold-backed ETF holdings settling above $100 billion for the first time since 2012. The organization’s data on daily gold trading volume saw an increase of 2% year-on-year, coming in at an average of $100- to $125 billion a day in 2018.
Meanwhile, palladium continues to trek higher and set new record levels in 2019. In our most recent interview, Rickards commented on the “other precious metal,” especially in light of the fact that palladium is at a premium to gold prices. There has been a bright spotlight on palladium as prices surpassed gold amid increased demand for its use in catalytic converters for vehicles.
GETTING READY FOR THE NEXT RECESSION: RISKS ON THE HORIZON
Does a depression sound worse than a recession? Rickards offers an explanation as to why we have been in a depression for over a decade. There are some that may say recession worries are overblown at this point in time, so make sure to listen to Rickards’ account of economic growth and argument for which type of trough in economic activity is most worrisome.
Have you ever paused to consider the best methods of wealth storage and wealth preservation that are not digital? It may be far-fetched to believe that a cyberattack on the major banks could trigger a major financial crisis. Disruptions to financial systems and services or a temporary halt to critical infrastructure are threats that already cost nations over $1 trillion in damage. Perhaps it may be safer to go the non-digital route and diversify in other ways – or at least consider as an alternative.
Cybersecurity programs and war game simulations can help set standards for major institutions and bring awareness to vulnerabilities and response protocols for potential risks.
The road ahead for investing may seem murky enough. Cybersecurity will continue to play a big part in the risk management structure of financial firms but also of institutions across the public and private sector. Preparation and strategy will further inform industry and investors alike. The consequences of a cyberattack can be catastrophic but the digital economy has become a reality for business models that span the globe.
Rickards emphasizes that he has never recommended “sell everything, buy gold.” Instead he says that land, physical gold (in storage) and natural resources are non-digital assets that can be owned as part of an individual’s investment portfolio.
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Base Metals Energy

URANIUM PARTICIPATION Corporation Reports Estimated Net Asset Value at December 31, 2018

Post author By admin
Post date January 9, 2019

TSX Trading symbol: U

TORONTO , Jan. 8, 2019 /CNW/ – Uranium Participation Corporation (“UPC”) (TSX:U) reports its estimated net asset value at December 31, 2018 was CAD$691.5 million or CAD$5.01 per share. As at December 31, 2018 , UPC’s uranium investment portfolio consisted of the following: View PDF Version.


(in thousands of Canadian dollars, except quantity amounts)	Quantity		Fair Value
Investments in Uranium:
Uranium oxide in concentrates (“U₃O₈“)	14,159,354 lbs	$	550,511
Uranium hexafluoride (“UF₆“)	1,117,230 KgU	$	134,123
		$	684,634
U₃O₈ fair value¹ per pound:
– In Canadian dollars¹		$	38.88
– In United States dollars		$	28.50
UF₆ fair value¹ per KgU:
– In Canadian dollars¹		$	120.05
– In United States dollars		$	88.00

¹	Fair values are month-end spot prices published by Ux Consulting Company, LLC, translated at the Bank of Canada’s month-end daily exchange rate of $1.3642.

On the last trading day of December 2018 , the common shares of UPC closed on the TSX at a value of CAD$4.48 , which represents a 10.58% discount to the net asset value of CAD$5.01 per share.

About Uranium Participation Corporation

Uranium Participation Corporation is a company that invests substantially all of its assets in uranium oxide in concentrates (“U₃O₈“) and uranium hexafluoride (“UF₆“) (collectively “uranium”), with the primary investment objective of achieving appreciation in the value of its uranium holdings through increases in the uranium price. UPC provides investors with a unique opportunity to gain exposure to the price of uranium without the resource or project risk associated with investing in a traditional mining company. Additional information about Uranium Participation Corporation is available on SEDAR at www.sedar.com and on UPC’s website at www.uraniumparticipation.com.

Caution Regarding Forward-Looking Information

This press release contains certain forward-looking statements and forward-looking information that are based on UPC’s current internal expectations, estimates, projections, assumptions and beliefs. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intent”, “estimate”, “anticipate”, “plan”, “should”, “believe” or “continue” or the negative thereof or variations thereon or similar terminology and include statements with respect to UPC’s investment objectives.

By their very nature, forward-looking statements involve numerous factors, assumptions and estimates. A variety of factors, many of which are beyond the control of UPC, may cause actual results to differ materially from the expectations expressed in the forward-looking statement. These factors include, but are not limited to, changes in commodity prices and foreign exchange as well as the risk that UPC will not obtain the anticipated benefits of its agreements with third parties. For a description of the principal risks of UPC, see “Risk Factors” in UPC’s Annual Information Form dated May 14, 2018 for the year ended February 28, 2018 , a copy of which is available at www.sedar.com.

These and other factors should be considered carefully, and readers are cautioned not to place undue reliance on these forward-looking statements. Although management reviews the reasonableness of its assumptions and estimates, unusual and unanticipated events may occur which render them inaccurate. Under such circumstances, future performance may differ materially from those expressed or implied by the forward-looking statements. Except where required under applicable securities legislation, UPC does not undertake to update any forward-looking information statement.

SOURCE Uranium Participation Corporation

View original content: http://www.newswire.ca/en/releases/archive/January2019/08/c3401.html

Junior Mining

EXCELLON Appoints Vice President Special Projects

Post author By admin
Post date January 8, 2019

TORONTO, Jan. 8, 2019 /CNW/ –

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

Excellon Resources Inc. (TSX:EXN and OTC:EXLLF) (“Excellon” or the “Company”) is pleased to announce the appointment of Marcello Locatelli as Vice President Special Projects. Mr. Locatelli will be responsible for further optimization at the Company’s operations and project evaluation.

“An essential part of our strategy is building a team that can discover, develop and operate mining assets so that we can fully realize on the next bull market in metals,” stated Brendan Cahill , President and CEO. “Just as great mining assets have been increasingly rare in recent years, the demographic gap in mining portends the same for the industry’s most important asset – people. Marcello’s global experience optimizing and evaluating projects will play an important role in improving our existing operations and growing our business for the long term.”

Mr. Locatelli is a professional engineer with over 15 years of experience successfully managing and engineering various commodity studies and projects of all sizes. Most recently, Mr. Locatelli was a Director of Inteloc Inc., an engineering firm providing project management, evaluation and control services using leading technologies. Having worked on many projects across the globe, his experience extends from conceptual design through to commissioning, with a specific focus on project engineering, procurement, construction management, economic evaluations and social and environmental permitting. Mr. Locatelli has held lead engineer and project manager positions with Ausenco, Halyard Inc. and DRA Americas Inc., assisting in special projects related to bulk sampling, processing plant design and project development. He holds a Bachelor of Engineering (Mechanical) degree from the University of Johannesburg .

About Excellon

Additional details on the 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.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2019/08/c5958.html

Base Metals

NEVADA COPPER kick off into 2019

Post author By admin
Post date January 7, 2019

From the Offices of Richard Matthews: Please click the on the 3 blue tabs for an introduction to the value proposition of Nevada Copper (TSX: NCU | OTC: NEVDF) team

Matt Gili, Nevada Copper President and CEO

Mark Wall, Nevada Copper Chief Commercial Officer

David Swisher, Nevada Copper VP of Operations

As we kick off into 2019, work at our Pumpkin Hollow project continues to move forward on target to enter production in Q4 of this year. For any mine construction, getting done to spec and on schedule requires experience, focus and energy – qualities that our team has in abundance.

To help you, our shareholders, get to know our senior team members a little better, we’re running a series of short podcasts.

Further information call:

Rich Matthews
VP Marketing and Investor Relations
Nevada Copper Corp
rmatthews@nevadacopper.com
1 (877) 648-8266 – Work | (604) 355-7179 – Mobile
www.nevadacopper.com

Precious Metals

MILES FRANKLIN Is Cash In The Bank Even Riskier Than Gold?

Post author By admin
Post date January 7, 2019

The Miles Franklin Newsletter

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Chris Marcus-Contributing Writer For Miles Franklin

Is Cash In The Bank Even Riskier Than Gold?

Written by Chris Marcus of Miles Franklin

Traders often look at the financial markets as a science of valuing risk. With those who are able to spot the mispricings often coming out ahead in the end. Over and over. Much like a poker player who expects to win in the long run when he knows the conditions of the game are in his favor.

In today’s financial markets, there exists a great mispricing of risk. Sitting there for anyone who chooses to notice. In fact, perhaps the best part is that it’s rather simple, and you don’t even need to take my word for it to see it for yourself.

Because the current mispricing of U.S. dollar cash risk is one of the more glaring financial market anomalies I’ve seen in my lifetime. Or even read about historically.

While many market analysts will readily talk about the risks of precious metals, or a stock or bond, very few ever mention the actual risk of holding cash in a bank. The theoretically safe and secure option that investors and savers can count on during times of market chaos.

However we live in 2019 where the financial system has veered drastically from the free market ideals we were lead to believe were in place all along. In fact on a recent trip back east to the New York area for the holidays, I talked with several traders I used to work with. And we were all stunned at how distorted the markets have become in the past decade. And right now if you hold cash in a bank, you’re taking on far more risk than you probably realize.

In Europe and Japan, their central bankers flat-out admit that they’re offering a negative real rate of return. And with a more accurate barometer of the rate of inflation than what’s produced by the BLS, real interest rates in the U.S. have already been negative for quite some time.

Which means that if you put money in a bank and take it out a year later, your best case is that you only lost a little bit. Because if you put $100 in the bank and received a negative 1% rate of return, you would be getting the equivalent of $99 back next year.

Of course if the rest of the world begins to price in that the Fed’s monetary base has quadrupled since 2008, and now the Fed is already beginning to back away from further interest rate increases, value of the dollar is likely to decrease even further.

Additionally, many of the banks you could conceivably put those dollars in are on shaky financial footing. Deutsche Bank continues to struggle, and the central bankers have yet to offer any insight as to what happens should DB default on its massive derivatives book.

If rates continue to rise, that puts further pressure on the real estate sector. As well as the government debt markets. And remember that the banks own much of this debt. Just as they did back in 2008 when the Fed came in to print away the losses because nobody else in the market wanted to buy it with their own money. So if rates rise, the bank that’s holding your money is going to be in even further financial distress while you’re counting on them to return your capital.

Of course the alternative is that rates do not rise, because the Fed sees what’s happening and reverts back to lowering interest rates. Which means printing more money. Which means the supply of dollars is increasing, and the value is going down. Whereas with gold and silver, you have the opportunity to own assets that cannot be printed and have served as money for thousands of years more than the U.S. dollar has.

Which is not to say to take every dollar you have and buy gold and silver. Obviously there are risks to any decision that you make in life. Although if I was faced with the choice of holding $10,000 in cash versus $10,000 of gold or silver for the next 10 years, to me, picking the metals is an easy choice. If you have any questions about this, as always you’re welcome to email me here.

The potential downside is that the banks could continue to distort the markets and push the precious metals prices even lower. But that scheme has always felt as if it’s on borrowed time, and compared to the risks of holding cash in the bank, trading dollars for gold and silver remains a great way of selling risk that’s overpriced in exchange for buying low.

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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Base Metals Junior Mining Project Generators

MIRASOL Provides Update on the Atlas Gold-Silver Project, Gorbea Property Package, Mio-Pliocene Belt Chile

Post author By admin
Post date January 7, 2019

VANCOUVER , Jan. 7, 2019 /CNW/ – Mirasol Resources Ltd. (TSX-V: MRZ, OTCPK: MRZLF) (the “Company” or “Mirasol”) is pleased to provide an exploration update for the Company’s Gorbea property package in Chile , that is subject to a recently announced non-binding Heads of Agreement for an Option to Farm-in with Newcrest International Pty Limited, a wholly owned subsidiary of Newcrest Mining Limited (ASX: NCM; “NCM” – see news release December 10, 2018 ). Gorbea comprises a claims package totaling 26,684 ha (266.84 sq. km) including the Atlas and Titan Au+Ag+Cu projects, within the highly prospective Mio-Pliocene mineral belt of northern Chile (Figure 1).

Subject to completion of ongoing due diligence, NCM has committed US$4 million in exploration expenditures, including a minimum of 3,000 m of drilling over the first 18 months of the Option Period.
Mirasol and NCM are advancing the drill permitting process and upgrading the exploration camp ahead of a planned Q1 2019 restart of exploration program that will initially focus on Atlas, including detailed remapping mapping, alteration vectoring studies and 60 line-km of CSAMT geophysics, and diamond core drilling.
At Atlas, significant progress in geological understanding has been derived from Mirasol’s initial interpretation US$8 million of exploration data generated under a recently terminated Joint Venture on the Gorbea package (see news release April 13, 2018 ).
Outcomes include recognition of a large breccias complex at Atlas that is host to the better gold mineralization, a development of a new alteration vectoring model suggesting that a number of previous drill holes with anomalous Au+Ag assays may have been terminated early above the potentially better mineralized zone and recognition of new target areas where gold mineralization may occur closer to surface.

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.

Atlas Prospect Update

Atlas is centered on the Dos Hermanas andesite to dacite composition, lava, pyroclastic and dome field that hosts the large-area, argillic to advanced argillic alteration and Au+Ag system which characterizes the prospect. A combination of assays from detailed stream sediment, soil and rock chip sampling outline a precious metal “footprint” for the Atlas system of approximately 14 sq. km.

A 53 sq. km conventional PDP electrical geophysical survey over the central part of the Atlas project outlined large resistivity anomalies along the NE oriented Cerro Chaco fault zone and a 4.5 km diameter resistivity feature, interpreted to delimit a large zone of stronger alteration and silicification (Figure 2). The circular resistivity feature contains the more significant bodies of breccia identified to date, that host the better intersections of Au+Ag mineralization encountered in drilling at Atlas. Only a small part of the circular resistivity feature has been drill tested at this time.

Recent radiometric age-dating of alunite alteration associated with Au+Ag mineralization at Atlas has returned a determination of 20.6 ma ±0.6 ma¹. Previous reported age-dating of alunite from Mirasol’s adjacent Titan Au (Cu) project, returned an age date of 17.08 ma ±0.8 ma². These ages correlate with Lower to Middle Miocene mineralization events recognized in the Maricunga Au+Ag+Cu Belt, located 150 km to the south, which has produced significant metallic deposits, including Pan Pacific Copper’s Caserones mine (4.6 Mt Cu³) and Kinross Gold Corporation’s La Coipa High Sulfidation Epithermal (HSE) Au+Ag district (5.5 Moz Au and 295 Moz Ag⁴; Figure 1).

Exploration at Atlas has shown Au+Ag mineralization is hosted by:

Vuggy silica – alunite structures, such as the 900 m long Atlas Gold Zone (AGZ) where limited shallow drilling on the NW end of the structure returned an anomalous intersection of 24 m at 0.18 g/t Au and 13.1 g/t Ag (Table 1). The un-drilled areas of higher-grade rock chip sampling at the center and SE end of the AGZ trend returned assays of up to 8.86 g/t Au and 44.7 g/t Ag and 16.75 g/t Au and 43.9 g/t Ag, representing a target area for future drilling.

Multiphase phreatomagmatic and hydrothermal breccia bodies, that are seen at various prospects across the Atlas project. Where mineralized, these breccias are altered to quartz-alunite ± jarosite ± dark hematite assemblage with vuggy silica textures. The Steam Heated Zone (SHZ) breccia body hosts the best drill intersections to-date, which reported 114.1 m at 1.07 g/t Au and 1.8 g/t Ag, including 36 m at 2.49 g/t Au and 3.1 g/t (Table 1). Brecciation is a key feature in many large HSE precious metal deposits, where the breccia bodies act as both a conduit for mineralizing fluids and a host rock for economic concentrations of mineralization. The presence of widespread strongly altered brecciation is considered one of the positive features of the Atlas project.

The SHZ Au+Ag mineralized breccia body has not been fully delineated by drilling. As currently defined by 0.1 Au g/t cutoff, the body has dimensions of 950 by 500 m , up to 120 m thick and is open to depth and laterally in all directions. The SHZ mineralization is located beneath a +230 m “barren” alteration cap. The presence of a barren alteration cap at Atlas is a characteristic in common with other recent HSE Au+Ag discoveries in the Mio-Pliocene belt, including the Salares Norte deposit (3.7 Moz Au and 49.5 Moz Ag ⁵) located 65 km to the south of Atlas, undergoing a feasibility study by Gold Fields Ltd⁶.

Relogging of Atlas core holes by Mirasol along a NW-SE oriented cross section through the SHZ body (Figure 3 and Figure 4) has led to the following understanding of the prospect:

1)	The SHZ mineralization may be located at progressively shallower depths to the NW, toward a 700 m long gap in drilling, located between the SHZ breccia zone and the AGZ. Drilling to test for shallower potential high-grade mineralization in this “gap” is a priority;
2)	The development of a more detailed alteration / mineralization model for the SHZ breccia mineralization. The model suggests that the better mineralized zone has a low-grade outer “jarosite alunite cap” that is recognized as either a jarosite-alunite matrix vuggy breccia or a cream-coloured, jarosite-bearing silica veinlets or breccia matrix. Au+Ag grade improves beneath the low grade “jarosite- alunite cap” and at depth into the mineralized body.
3)	Mineralization is deeply oxidized beyond the base of drilling to +370 m below surface. Au+Ag is associated with a multiphase breccia with vuggy quartz textures and coarse alunite ± jarosite and dark hematite interpreted to be after original sulfide.

The recognition of a low-grade jarosite-alunite cap, immediately overlying the SHZ mineralization may be used to vector to zones of potentially better Au+Ag grade at the SHZ. This highlights that a number of drill holes in the SHZ and other breccia bodies (holes CLATDH0016, 21, 23 and 25) at Atlas appear to have been prematurely terminated in the low-grade cap, potentially not intercepting nor testing the underlying potentially better-grade mineralization. The presence of deep oxidation associated with hematite replacement of original sulfide mineralization has also been noted at the giant Veladero HSE gold mine (17.3 Moz Au and 195.5 Moz Ag ⁷) operated by Barrick Gold in the Mio-Pliocene belt of Argentina , where deep oxidization of the mineralization is attributed to a combination of late-stage heated ground water collapsing into the system at the later stages of the mineralizing system, as well as post mineral supergene processes. Oxidation of the mineralization can be an indication of positive metallurgical characteristics for gold recovery in HSE precious metal deposits.

Stephen Nano , President and CEO of Mirasol, has approved the technical content of this news release. Mr Nano is a Charter 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.

1	Ar/Ar radiometric age date determination commissioned by Yamana Gold, performed at Sernageomin Geochronology Laboratories in Santiago, Chile.
2	Ar/Ar radiometric age date determination commissioned by Mirasol Resources, performed at Australian National University Argon Facility in Canberra, Australia
3	S&P Global Market Intelligence
4	S&P Global Market Intelligence
5	Gold Fields Mineral Resource and Mineral Reserve Supplement to the Integrated Annual Report,2017.
6	Gold Fields. (2017). Integrated Annual Report 2017.
7	S&P Global Market Intelligence

Additional Explanatory Notes:
*	AuEq₆₀ is the sum of the value of gold and silver in a given interval represented as a gold equivalent g/t value calculated via the formula: Au assay in g/t + (silver assay in g/t ÷ 60)

SOURCE Mirasol Resources Ltd.

View original content: http://www.newswire.ca/en/releases/archive/January2019/07/c2605.html

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Author: admin

COLUMBUS GOLD Announces $2 Million Private Placement and Provides Montagne d’Or Project Update; Nordgold Increases Its Equity Interest in Columbus

SPROTT’S THOUGHTS Flawed Fundamentals Won’t Fly

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James Rickards, Author of The Road to Ruin

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MIRASOL Provides Update on the Atlas Gold-Silver Project, Gorbea Property Package, Mio-Pliocene Belt Chile