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Breaking Exclusive Interviews Junior Mining Silver Hammer Uncategorized

SILVER HAMMER MINING – The Next Pure Silver Play in the U.S.

Silver Hammer Mining Corp. Stakes Additional Claims at Eliza Project in Nevada and Reports Initial Sampling Results from the Past-Producing Silverton Mine

Lakewood Exploration Inc.Thu, October 7, 2021, 7:30 AM·3 min readIn this article:

Figure 1

Eliza silver complex, Hamilton, Nevada, included previously reported surface samples.  (See September 9, 2021 News Release for comprehensive sampling data).
Eliza silver complex, Hamilton, Nevada, included previously reported surface samples. (See September 9, 2021 News Release for comprehensive sampling data).
Eliza silver complex, Hamilton, Nevada, included previously reported surface samples. (See September 9, 2021 News Release for comprehensive sampling data).

Figure 2

Silverton claim layout with northeast sampling showing 6.1 g/t gold from a surface sample
Silverton claim layout with northeast sampling showing 6.1 g/t gold from a surface sample
Silverton claim layout with northeast sampling showing 6.1 g/t gold from a surface sample

VANCOUVER, British Columbia, Oct. 07, 2021 (GLOBE NEWSWIRE) — Silver Hammer Mining Corp. (CSE: HAMR / OTC: HAMRF) (“Silver Hammer” or the “Company”) is pleased to report that it has staked an additional 52 new claims at its Eliza Silver Project in the historic Hamilton District of Nevada, more than doubling its land package.

The Eliza Silver Project is located along the south side of the Eberhardt fault, opposite the past-producing Treasure Hill Mine in the Hamilton Mining District, Nevada’s highest-grade silver district producing 40 million (M) ounces (oz) silver with historic mined ore grades of up to 18,700 grams per tonne (g/t) between 1860-1872. Surface samples as high as 25,000 g/t were collected in the 1960s.1

With the addition of these new claims, the Eliza land package now comprises 88 claims totaling 5.52 square kilometres, (see Figure 1).

Figure 1. Eliza silver complex, Hamilton, Nevada, included previously reported surface samples. (See September 9, 2021 News Release for comprehensive sampling data).
https://www.globenewswire.com/NewsRoom/AttachmentNg/ad83cc3a-bd7d-4ffb-bf0e-d12dcced842c

“Our initial exploration work has identified mineralization that extends onto these newly acquired claims along the lower half of the Eliza project,” stated President Morgan Lekstrom. “We are currently conducting a mapping and geochemistry program on the property where we see significant potential for discovery in areas that have never been explored using modern exploration techniques. We will use this data to plan an extensive initial exploration program targeted for early 2022.”

Additionally, initial results from a sampling program at the Company’s Silverton Mine, a project sharing similar geology and Aster signature to Kinross Gold’s Round Mountain project located approximately 108 kilometres to the west, have confirmed surface gold mineralization on the east side of the property. A sample of 6.1 g/t gold was taken from the silicified tuff (see Figure 2).

Figure 2. Silverton claim layout with northeast sampling showing 6.1 g/t gold from a surface sample
https://www.globenewswire.com/NewsRoom/AttachmentNg/eaf7fb83-8d84-4822-a69f-d1849f27a85f

The Company also announces that David Grandy has stepped down as a director of the Company in order to pursue other opportunities. The Company thanks Mr. Grandy for his services, including helping take the company public, and wishes him the best in his future endeavours.

Qualified Person

Technical aspects of this press release have been reviewed and approved under the supervision of Philip Mulholland, P.Geo. Mr. Mulholland is a Qualified Person (QP) under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

About Silver Hammer Mining Corp.

Silver Hammer Mining Corp. is a junior resource company advancing the past-producing Silver Strand Mine in the Coeur d’Alene Mining District in Idaho, USA, both the Eliza Silver Project and the Silverton Silver Mine in one of the world’s most prolific mining jurisdictions in Nevada and the Lacy Gold Project in British Columbia, Canada. The Company has commenced an initial drill program at Silver Strand that will test for silver and gold mineralization immediately below the mine’s lowest level extending only 90 metres below surface. Lakewood strives to become a multimine silver producer and will focus near-term exploration and drilling plans at the Company’s Idaho and Nevada silver-gold assets.

*Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property.

On Behalf of the Board of Silver Hammer Mining Corp.

Morgan Lekstrom, President

Corporate Office: 551 Howe Street, Vancouver, British Columbia V6C 2C2, Canada
Contact: Kristina Pillon, President, High Tide Consulting Corp.
604.908.1695 / investors@silverhammermining.com

The CSE does not accept responsibility for the adequacy or accuracy of this release.

The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.

1 Nevada Bureau Mines report 52900017

Categories
Base Metals Energy Junior Mining Playfair Mining

Drill Moving to Second Target at Playfair’s RKV Copper Project, Norway

Vancouver, British Columbia–(Newsfile Corp. – October 8, 2021) – Playfair’s (TSXV: PLY) (FSE: P1J1) (OTC Pink: PLYFF) extensive drill program on its large (201 square kilometers) 100% RKV Copper Project in South Central Norway has successfully completed four short holes totaling 154.6 metres to test the Rødalen target identified by using a combination of Artificial Intelligence (CARDS) and Mobile Metal Ion (MMI) geochemistry. The drill is now being moved to Storboren, the second of seven targets to be tested.

Local geological supervision is provided by Promin (a Trondheim-based consultancy). All four holes intersected a previously unknown amphibolite unit containing sulphides, including narrow widths of massive sulphides at the contact with the quartz-mica-schist country rock at Rødalen. Copper mineralization at the nearby historic mines of Røstvangen and Kvikne is closely associated with amphibolite.



Figure 1: NQ drillcore with sulphides in first hole at Rødalen

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/7302/98944_playfair1.jpg



Figure 2: NQ drillcore with sulphides in first hole at Rødalen

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/7302/98944_playfair2.jpg

Samples are being cut and prepared for analysis. Playfair will consider future exploration at Rødalen once analytical results have been received.

The man portable drill team is being supervised by Canadian drillers (No Limit Diamond Drilling) for Arctic Drilling (based in Finnmark). Local “Muskelgutta” (Muscle Guys) have risen to the challenge of moving the man portable drill. Local community support is greatly appreciated.



Figure 3: “Muskelgutta”: Olav Pedersen, Thomas Løkken, Glenn Tonning Ryn, Marius Wagenius and Magnus Kveberg

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/7302/98944_playfair3.jpg



Figure 4: “Muskelgutta”: Olav Pedersen, Thomas Løkken, Glenn Tonning Ryn, Marius Wagenius and Magnus Kveberg

To view an enhanced version of Figure 4, please visit:
https://orders.newsfilecorp.com/files/7302/98944_playfair4.jpg

In keeping with Playfair’s intent to minimise the impact of its exploration on the natural environment Playfair is using a lightweight drilling machine which can be disassembled and hand-carried to the drill sites. Although lightweight the drill is capable of drilling to 150m depth using BQ sized rods (36.5 mm or 1.437 inches core diameter) and to 100m depth using NQ sized rods (47.8mm or 1.872 inches core diameter).

All seven drill targets show compelling coherent MMI Cu anomalies with multiple MMI Cu values greater than 6,000 ppb. The highest value recorded was 53,300 ppb MMI Cu.

A short MMI Report by SGS states that values greater than 6,000 ppb MMI Cu, “Are likely to be associated with weathering copper sulphides.”



RKV Project, Norway – 2021 Planned Drill Areas

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/7302/98944_ec4d4cb424626bea_006full.jpg



RKV Copper Project, Norway – Drill Targets

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/7302/98944_ec4d4cb424626bea_007full.jpg

Overall management and execution of Playfair’s RKV drilling program is provided by Ronacher McKenzie Geoscience Inc., an independent consulting group, who, as part of their supervision, will ensure that appropriate quality assurance/quality control (QA/QC) protocols are in place. RMG follows the Canadian Institute of Mining, Metallurgy and Petroleum’s (CIM) Best Practices.

In Norway, Reidar Gaupås, Playfair’s representative, continues to assist Playfair within the local community and enhance Playfair’s profile in Norway.

Promin AS, a Trondheim-based consultancy with extensive experience in the Norwegian Mining industry, provides logistical support and experienced geologists. Helge Rushfeldt has assisted greatly in the start-up of the drill program. Kjell Nilsen, one of Norway’s most experienced field geologists who discovered Nussir, Norway’s largest known copper deposit, and Jonas Dombrowski are directly supervising the drilling, core logging and analysis.

Arctic Drilling AS, a Norwegian drilling company based in Kautokeino, will carry out the drilling assisted by Canadian drillers (No Limit Diamond Drilling) who are familiar with the man portable drill and will train Arctic Drilling personnel in the operation of this drill.

The drill targets are MMI (Mobile Metal Ion) copper anomalies discovered by sampling target areas generated by Windfall Geotek using their proprietary Computer Aided Resources Detection System (CARDS).

The seven drill targets were previously described: Storboren (November 07, 2019, and December 05, 2019, News Releases), Sæterfjellet, (January 06, 2021, News Release), Kletten North and Kletten South (January 28, 2021, News Release), Røstvangen Northeast and Røstvangen Southwest (February 17, 2021, News Release) and Rødalen (March 11, 2021, News Release).

A presentation on the drilling plans can be found at this direct link or on Playfair’s website.

The technical contents of this release were approved by Greg Davison, PGeo, a qualified person as defined by National Instrument 43-101.

The road to a cleaner environment includes electric vehicles. Electric vehicles need copper, nickel, and cobalt. There is no green future without minerals.

For further information visit our website at www.playfairmining.com or contact:

Donald G. Moore
CEO and Director
Phone: 604-377-9220
Email: dmoore@wascomgt.com

D. Neil Briggs
Director
Phone: 604-562-2578
Email: nbriggs@wascomgt.com

Forward-Looking Statements: This Playfair Mining Ltd News Release may contain certain “forward-looking” statements and information relating to Playfair which are based on the beliefs of Playfair management, as well as assumptions made by and information currently available to Playfair management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98944

Categories
Base Metals Energy Junior Mining Project Generators Skyharbour Resources

Skyharbour Partner Company Valor Provides Update on Field Programs and Upcoming Drill Program at the Hook Lake Project

VANCOUVER, British Columbia, Oct. 06, 2021 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQB: SYHBF) (Frankfurt: SC1P(the “Company”) is pleased to announce that partner company Valor Resources Limited (“Valor”) has provided an update on results from the recently completed on-ground field program at the Hook Lake Project. Following the on-ground field program that concluded in August and the subsequent reporting of high-grade uranium assay results, planning of a follow-up drill program is underway.

Hook Lake (Formally North Falcon Point) Project:
https://skyharbourltd.com/_resources/projects/Falcon-Point-Project.jpg

Highlights:

  • Planning of diamond drilling program at Hook Lake Project well advanced
  • All necessary permits in place for diamond drilling program to commence
  • Drilling to test at depth and along strike from historical trench at Hook Lake / Zone S Prospect where recent surface sampling returned assays of up to 59.2% U3O8, 5.05% TREO, 507g/t Ag and 14.5% Pb
  • Diamond drilling to also test targets at West Way Prospect
  • Drilling set to commence in December 2021 with a program of at least 2,500m proposed
  • Project Geologist seconded from Dahrouge Geological Consulting

Upcoming Drill Program and Geological Summary:

The diamond drilling program will be primarily focused on the area around the historical trench at the Zone S prospect where recent sampling by Valor returned assays of (see news release dated August 31st, 2021):

  • 59.2% U3O8, 499g/t Ag, 5.05% TREO, 14.4% Pb (Float sample)
  • 57.4% U3O8, 507g/t Ag, 3.68% TREO, 14.5% Pb (Rock Chip sample)
  • 46.1% U3O8, 435g/t Ag, 2.88% TREO, 8.8% Pb (Rock Chip sample)
  • 6.92% U3O8, 0.81% TREO, 2% Pb (Rock Chip sample)
  • 6.42% U3O8, 1.17% TREO, 1.8% Pb (Rock Chip sample)

*TREO = Total Rare Earth Oxides = La2O3, CeO2, Pr6O11, Nd2O3, Sm2O3, Eu2O3, Gd2O3, Tb4O7, Dy2O3, Ho2O3, Er2O3, Yb2O3, Y2O3

All necessary permits for the drilling program have been granted by the Saskatchewan Ministry of Environment and all relevant stakeholders including First Nations communities are being contacted regarding the upcoming program. The drilling will be helicopter supported thereby reducing the environmental impact on the area.

Valor’s Executive Chairman Mr. George Bauk stated: “Following on from the results published in August 2021 and desktop reviews being undertaken, we are pleased to be finalising the upcoming drill program scheduled for December. We will be targeting three key areas to begin with and look forward to the results as they come to hand. Over the past month with the increase in the spot uranium price we have seen an unprecedented land grab in the Athabasca Basin. Most of the Basin has been pegged which highlights the excitement and prospectively of this area. We have seven projects in and around the Basin that demand exploration attention.”

Final drill hole locations are currently being determined with historical drilling data being digitised and compiled and integrated into a 3D geological model over the Zone S target area. The Hook Lake high-grade uranium (and rare earth) mineralisation is interpreted to be located at a dilational trap/jog which has formed at the intersection of a northeast-southwest trending shear zone and a possible north-south trending structure (potentially a re-activated Tabbernor fault structure). Besides the downdip and down-plunge potential of the immediate Hook Lake target, there is potential for further structural targets of this nature along strike to the northeast and southwest from the Hook Lake prospect.

Drilling is planned to commence in December with an expected program of 10-15 drill holes for a total of around 2,500m – 4,500m. Drilling will also test targets at the West Way prospect where recent surface sampling by Valor returned assays of up to 0.64% U3O8 and 3.4% Mo (previously reported in the August 31st, 2021 news release).

The on-ground technical team in Canada has been boosted by the secondment of a full-time geologist from Dahrouge Geological Consulting from October for a period of at least 3 months. In addition, an Australian based geoscience consulting group, Terra Resources, has been contracted to provide geophysical services to Valor with particular emphasis on the Athabasca projects. Terra will also be carrying out historical data compilation for all the Company’s projects in the Athabasca, starting with the Hook Lake Project, capturing this data in a digital format, then integrating with other geoscientific data sets to develop 3D geological models and targets.

Other ongoing work for the Hook Lake Project is the mineralogical characterisation study of the high-grade uranium and REE samples from the Zone S prospect. Work is to be carried out by the Saskatchewan Research Council (SRC) Geoanalytical Laboratories which will include QEMSCAN Mineralogical analysis.

The Hook Lake Project consists of 16 contiguous mining claims covering 25,846 hectares, located 60 km east of the Key Lake Uranium Mine in northern Saskatchewan. Skyharbour signed a Definitive Agreement with Valor Resources on the Hook Lake Uranium Project whereby Valor can earn-in 80% of the project through $3,500,000 in total exploration expenditures, $475,000 in total cash payments over three years and an initial share issuance of 233,333,333 shares of Valor.

About Hook Lake (previously North Falcon Point) Project:

Valor has the right to earn an 80% working interest in the Hook Lake Uranium Project located 60 km east of the Key Lake Uranium Mine in northern Saskatchewan. Covering 25,846 hectares, the 16 contiguous mineral claims host several prospective areas of uranium mineralization including:

  • Hook Lake / Zone S – High-grade surface outcrop with reported grades in grab samples up to 68% U3O8; a bio-geochemical survey carried out over the trenches in 2015 responded positively with along-strike anomalies 2 km to the northeast
  • Nob Hill – Fracture-controlled vein-type uranium mineralization on surface outcrop with up to 0.130% – 0.141% U3O8 in grab samples; diamond drilling intersected anomalous uranium in several drill holes with values up to 422 ppm U over 0.5 m
  • West Way – Vein type U mineralization within a NE-trending shear zone; grab samples taken from the surface showing contained variable uranium values including up to 0.475% U3O8 and drilling of the structure intersected the altered shear zone at depth, along with anomalous Cu, Ni, Co, As, V, U, & Pb
  • Grid T – Fracture-hosted secondary uranium mineralization in sheared calc-silicates and marbles in a 100 m x 20 m zone of anomalous radioactivity with grab samples having up to 800 ppm U
  • Alexander Lake Boulder Field – 30 biotite-quartz-k-feldspar pegmatite boulders NE of Alexander Lake; the best results include 360 ppm U, 1,400 ppm U and 1,600 ppm U respectively
  • Thompson Lake Boulder Field – Numerous radioactive boulders and blocks of pegmatized meta-arkose, pegmatite, and granite; the best value obtained was 738 ppm U from a granite boulder
  • NE Alexander Lake – Several calc-silicate, plagioclase-quartz granulite, quartzite, and meta-arkose boulders with up to 4,800 ppm U, 7,600 ppm Mo and 1,220 ppm Ni

The project area is in close proximity to two all-weather northern highways and grid power. Historical exploration has consisted of airborne and ground geophysics, multi-phased diamond drill campaigns, detailed geochemical sampling and surveys, and ground-based prospecting culminating in an extensive geological database for the project area.

Qualified Person:

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Richard Kusmirski, P.Geo., M.Sc., Skyharbour’s Head Technical Advisor and a Director, as well as a Qualified Person.

About Valor Resources Ltd:

Valor Resources Limited (ASX: VAL) is an exploration company focused on creating shareholder value through acquisitions and exploration activities.

About Skyharbour Resources Ltd.:

Skyharbour holds an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with six drill-ready projects covering over 250,000 hectares of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project which is located 15 kilometres east of Denison’s Wheeler River project and 39 kilometres south of Cameco’s McArthur River uranium mine. Moore is an advanced stage uranium exploration property with high grade uranium mineralization at the Maverick Zone that returned drill results of up to 6.0% U3O8 over 5.9 metres including 20.8% U3Oover 1.5 metres at a vertical depth of 265 metres. The Company is actively advancing the project through drill programs.

Skyharbour has a joint-venture with industry-leader Orano Canada Inc. at the Preston Project whereby Orano has earned a 51% interest in the project through exploration expenditures and cash payments. Skyharbour now owns a 24.5% interest in the Project. Skyharbour also has a joint-venture with Azincourt Energy at the East Preston Project whereby Azincourt has earned a 70% interest in the project through exploration expenditures, cash payments and share issuance. Skyharbour now owns a 15% interest in the Project. Preston and East Preston are large, geologically prospective properties proximal to Fission Uranium’s Triple R deposit as well as NexGen Energy’s Arrow deposit.

The Company also owns a 100% interest in the South Falcon Uranium Project on the eastern perimeter of the Basin, which contains a NI 43-101 inferred resource totaling 7.0 million pounds of U3Oat 0.03% and 5.3 million pounds of ThO2 at 0.023%. Skyharbour has signed a Definitive Agreement with ASX-listed Valor Resources on the Hooke Lake (previously North Falcon Point) Uranium Project whereby Valor can earn-in 80% of the project through $3,500,000 in total exploration expenditures, $475,000 in total cash payments over three years and an initial share issuance.

Skyharbour’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

Skyharbour’s Uranium Project Map in the Athabasca Basin:
http://skyharbourltd.com/_resources/maps/SYH-Athabasca-Map.jpg

To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com.

SKYHARBOUR RESOURCES LTD.

“Jordan Trimble”

Jordan Trimble
President and CEO

For further information contact myself or:
Riley Trimble
Corporate Development and Communications
Skyharbour Resources Ltd.
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@skyharbourltd.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

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 expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

Categories
Junior Mining Precious Metals Silver Hammer

Silver Hammer Mining Corp. Stakes Additional Claims at Eliza Project in Nevada and Reports Initial Sampling Results from the Past-Producing Silverton Mine

Lakewood Exploration Inc.Thu, October 7, 2021, 7:30 AMIn this article:

Figure 1

Eliza silver complex, Hamilton, Nevada, included previously reported surface samples.  (See September 9, 2021 News Release for comprehensive sampling data).
Eliza silver complex, Hamilton, Nevada, included previously reported surface samples. (See September 9, 2021 News Release for comprehensive sampling data).
Eliza silver complex, Hamilton, Nevada, included previously reported surface samples. (See September 9, 2021 News Release for comprehensive sampling data).

Figure 2

Silverton claim layout with northeast sampling showing 6.1 g/t gold from a surface sample
Silverton claim layout with northeast sampling showing 6.1 g/t gold from a surface sample
Silverton claim layout with northeast sampling showing 6.1 g/t gold from a surface sample

VANCOUVER, British Columbia, Oct. 07, 2021 (GLOBE NEWSWIRE) — Silver Hammer Mining Corp. (CSE: HAMR / OTC: HAMRF) (“Silver Hammer” or the “Company”) is pleased to report that it has staked an additional 52 new claims at its Eliza Silver Project in the historic Hamilton District of Nevada, more than doubling its land package.

The Eliza Silver Project is located along the south side of the Eberhardt fault, opposite the past-producing Treasure Hill Mine in the Hamilton Mining District, Nevada’s highest-grade silver district producing 40 million (M) ounces (oz) silver with historic mined ore grades of up to 18,700 grams per tonne (g/t) between 1860-1872. Surface samples as high as 25,000 g/t were collected in the 1960s.1

With the addition of these new claims, the Eliza land package now comprises 88 claims totaling 5.52 square kilometres, (see Figure 1).

Figure 1. Eliza silver complex, Hamilton, Nevada, included previously reported surface samples. (See September 9, 2021 News Release for comprehensive sampling data).
https://www.globenewswire.com/NewsRoom/AttachmentNg/ad83cc3a-bd7d-4ffb-bf0e-d12dcced842c

“Our initial exploration work has identified mineralization that extends onto these newly acquired claims along the lower half of the Eliza project,” stated President Morgan Lekstrom. “We are currently conducting a mapping and geochemistry program on the property where we see significant potential for discovery in areas that have never been explored using modern exploration techniques. We will use this data to plan an extensive initial exploration program targeted for early 2022.”

Additionally, initial results from a sampling program at the Company’s Silverton Mine, a project sharing similar geology and Aster signature to Kinross Gold’s Round Mountain project located approximately 108 kilometres to the west, have confirmed surface gold mineralization on the east side of the property. A sample of 6.1 g/t gold was taken from the silicified tuff (see Figure 2).

Figure 2. Silverton claim layout with northeast sampling showing 6.1 g/t gold from a surface sample
https://www.globenewswire.com/NewsRoom/AttachmentNg/eaf7fb83-8d84-4822-a69f-d1849f27a85f

The Company also announces that David Grandy has stepped down as a director of the Company in order to pursue other opportunities. The Company thanks Mr. Grandy for his services, including helping take the company public, and wishes him the best in his future endeavours.

Qualified Person

Technical aspects of this press release have been reviewed and approved under the supervision of Philip Mulholland, P.Geo. Mr. Mulholland is a Qualified Person (QP) under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

About Silver Hammer Mining Corp.

Silver Hammer Mining Corp. is a junior resource company advancing the past-producing Silver Strand Mine in the Coeur d’Alene Mining District in Idaho, USA, both the Eliza Silver Project and the Silverton Silver Mine in one of the world’s most prolific mining jurisdictions in Nevada and the Lacy Gold Project in British Columbia, Canada. The Company has commenced an initial drill program at Silver Strand that will test for silver and gold mineralization immediately below the mine’s lowest level extending only 90 metres below surface. Lakewood strives to become a multimine silver producer and will focus near-term exploration and drilling plans at the Company’s Idaho and Nevada silver-gold assets.

*Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property.

On Behalf of the Board of Silver Hammer Mining Corp.

Morgan Lekstrom, President

Corporate Office: 551 Howe Street, Vancouver, British Columbia V6C 2C2, Canada
Contact: Kristina Pillon, President, High Tide Consulting Corp.
604.908.1695 / investors@silverhammermining.com

The CSE does not accept responsibility for the adequacy or accuracy of this release.

The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.

1 Nevada Bureau Mines report 52900017

Categories
Junior Mining NV Gold Corporation Precious Metals

NV Gold Corporation Announces Updates on Five Active Projects in Nevada, USA

VANCOUVER, BC / ACCESSWIRE / October 7, 2021 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) (“NV Gold” or the “Company“) is pleased to announce that the Company has completed 3 Notices of Intent (NOI) to commence drilling at its 100% owned Slumber, Discovery Bay and Pickhandle projects in north-central Nevada, USA. The Company also reports that a 2D seismic survey has been completed at its optioned SW Pipe Project located along the Cortez Gold Belt approximately 6 km southwest of the Pipeline Gold Complex operated by Nevada Gold Mines.

Upcoming Plans:

  • The upcoming Slumber drill program is designed to determine the extent of additional near-surface oxide-mineralization at its north-central Nevada (see Figure 1) project. The 6-8 drill program is expected to commence later this month.
  • The Discovery Bay Project is located approximately 15 km southeast of the Cove-McCoy gold deposits in Lander County, Nevada (see Figure 1) controlled by I-80 Gold Corp. This North-South structural zone, also known as the “Rabbit Suture”, hosts other significant gold deposits such as Turquoise Ridge, Twin Creeks as well as the Fortitude, Phoenix and Lone Tree Mines. Drilling of a four-hole recon program is expected to commence in November.
  • The Pickhandle Project is located at the structural intersection of the Rabbit Suture (Hwy 305) and the Crescent Valley Fault Zone (see Figure 1). Pickhandle is located 25 kilometers south of the Discovery Bay Project. The 3-4-hole drilling program is anticipated to begin in December.
  • The recently announced IP/Resistivity program at the Sandy Project has added a highly compelling target that will likely be drilled in Q1 2022. See news release on 9/28/2021.
  • At the SW Pipe, a 2D Seismic survey was recently completed by the optionee to determine depth to Carlin-type host lithologies and structural drill targets (see Figure 2). Drilling at SW Pipe is scheduled for mid-2022 depending on core rig availability.

Our projects are pushing forward, and I am more than pleased to have our drill contract in place, equipment committed and permits in-hand. NV Gold has high-quality projects with excellent discovery potential that can now be drill-tested. Besides Slumber, Discovery Bay and Pickhandle, there are several more projects entering the project pipeline. These projects are moving toward permitting, fulfilling our goal of drill-testing multiple, high-potential projects within the next 18 months to deliver value to our shareholders,” commented Thomas Klein, VP Exploration of NV Gold.

Figure 1: NV Gold’s projects with NOIs in place and location of SW Pipe with 2D Seismic completed.

Figure 2: 2D Seismic equipment at SW Pipe with Cortez mines in the background.

On behalf of the Board of Directors,

John E. Watson
President & CEO

For further information, visit the Company’s website at www.nvgoldcorp.com or contact: Freeform Communications Inc. at 604.245.0054

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

Forward Looking Statements

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the extent and timing of the Company’s planned exploration activities, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include regulatory issues, market prices, availability of capital and financing, general economic, market or business conditions, timeliness of government or regulatory approvals, The Company disclaims any intention or obligation to update or revise any forward-looking statements whether because of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

SOURCE: NV Gold Corporation

Categories
Base Metals Energy Junior Mining Nevada Copper

Nevada Copper Provides Update on Accelerating Stope Production and Ramp-Up Progress and Announces Appointment of Chief Executive Officer

YERINGTON, Nev., Oct. 06, 2021 (GLOBE NEWSWIRE) — Nevada Copper Corp. (TSX: NCU) (OTC: NEVDD) (“Nevada Copper” or the “Company”) today provided a further update on positive September operational performance at the Company’s underground mine at its Pumpkin Hollow Project (the “Underground Mine”). In addition, the Company is pleased to announce the appointment of Randy Buffington as President and Chief Executive Officer, further strengthening its senior management team as operational productivity and production ramp-up at the Underground Mine.

September Operational Highlights

  • Higher Copper Production: Copper in concentrate produced during September increased by 265% compared to August driven by higher stope production. Approximately 30,386 tons of ore were processed yielding 682 tons of concentrate at an average grade of 22%, resulting in approximately 150 tons of copper production.
  • Improved rate of stope turnover: Stoping has accelerated significantly since mid-August, with the second and third stope panels fully mined and a fourth stope panel expected to be mined this week. Further stopes are planned in October and November, and the high-grade Sugar Cube zone is also expected to begin to be mined during Q4.
  • Increasing Development Rates: September saw the highest monthly development footage achieved since April 2021, with a 12% increase over August. Development activities included completion of the crossing of the water bearing dike, accessing additional stoping zones and installation of development infrastructure. A total of approximately 750 lateral equivalent feet was advanced in September.

Mike Brown, outgoing Interim President and Chief Executive Officer, commented: “I am very pleased to see the improved trajectory in our production ramp-up and a recovery in productivities. The increased ore production was a key objective for September, and together with the improving productivities on site, along with the ongoing management strengthening, provide further confidence in the mine ramp-up.”https://s.yimg.com/rq/darla/4-9-0/html/r-sf-flx.html

Management Update

Randy Buffington will join Nevada Copper as President and Chief Executive Officer with immediate effect. With extensive experience in underground and open pit mining operations, both in Nevada and internationally, Mr. Buffington has successfully delivered multiple project ramp-ups and productivity improvements in an underground setting, in addition to overseeing the development and operation of multiple large open pit projects. Most recently at Hycroft Mining, he was responsible for the operational reforms, successfully executing a project turnaround and delivering significant shareholder value as President and Chief Executive Officer. Previously, he held various senior management positions with Barrick from 2003 to 2012, overseeing North American and Zambian operations. He also held senior management positions with Placer Dome and Cominco.

Mr. Buffington brings a deep industry network in Nevada and a strong track record of value delivery in both operating underground mines and large open pit projects, ideally positioning him to lead Nevada Copper towards the delivery of steady state production from its Underground Mine and realizing the full potential of its fully-permitted open pit project and extensive landholdings within the Yerington Copper District.

“The addition of Mr. Buffington further strengthens the Company’s senior management team and provides deeply experienced, long-term leadership as the Company moves to complete the ramp-up of the Underground Mine and go on to maximize the full value of its open pit project and exploration targets,” stated Stephen Gill, Chairman of Nevada Copper.

“I look forward to working with the team at Nevada Copper as we continue to push and improve productivity and accelerate our transition into a commercial producer,” stated Randy Buffington, President and CEO of Nevada Copper. “There is a tremendous foundation to build on at Pumpkin Hollow and I am pleased to be leading the Company towards realizing its full potential as a mid-tier copper producer.”

Mike Brown will step down as Interim President and Chief Executive Officer and continue his active involvement and oversight through his ongoing role as director.

“On behalf of the Company, I would like to thank Mike Brown for his commitment as Interim President and Chief Executive Officer, and I look forward to his continued active involvement going forward,” stated Mr. Gill.

Qualified Persons
The technical information and data in this news release was reviewed by Greg French, C.P.G., VP Head of Exploration of Nevada Copper, and Neil Schunke, P.Eng., a consultant to Nevada Copper, who are both non-independent Qualified Persons within the meaning of NI 43-101.

About Nevada Copper
Nevada Copper (TSX: NCU) is a copper producer and owner of the Pumpkin Hollow copper project. Located in Nevada, USA, Pumpkin Hollow has substantial reserves and resources including copper, gold and silver. Its two fully permitted projects include the high-grade Underground Mine and processing facility, which is now in the production stage, and a large-scale open pit project, which is advancing towards feasibility status.

NEVADA COPPER CORP.
www.nevadacopper.com
Randy Buffington, President and CEO

For further information contact:
Rich Matthews, Investor Relations
Integrous Communications
rmatthews@integcom.us
+1 604 757 7179

Cautionary Language

This news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements that relate to mine development, production and ramp-up plans.

Forward-looking statements and information include statements regarding the expectations and beliefs of management. Often, but not always, forward-looking statements and forward-looking information can be identified by the use of words such as “plans”, “expects”, “potential”, “is expected”, “anticipated”, “is targeted”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements or information should not be read as guarantees of future performance and results. They are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and events to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information.

Such risks and uncertainties include, without limitation, those relating to: the ability of the Company to complete the ramp-up of the Underground Mine within the expected cost estimates and timeframe; requirements for additional capital and no assurance can be given regarding the availability thereof; the impact of the COVID-19 pandemic on the business and operations of the Company; the state of financial markets; history of losses; dilution; adverse events relating to milling operations, construction, development and ramp-up, including the ability of the Company to address underground development and process plant issues; failure to obtain extensions under and amendments to the Company’s amended and restated senior credit facility with KfW IPEX-Bank; ground conditions; cost overruns relating to development, construction and ramp-up of the Underground Mine; loss of material properties; interest rates increase; global economy; limited history of production; future metals price fluctuations; speculative nature of exploration activities; periodic interruptions to exploration, development and mining activities; environmental hazards and liability; industrial accidents; failure of processing and mining equipment to perform as expected; labor disputes; supply problems; uncertainty of production and cost estimates; the interpretation of drill results and the estimation of mineral resources and reserves; changes in project parameters as plans continue to be refined; possible variations in ore reserves, grade of mineralization or recovery rates from management’s expectations and the difference may be material; legal and regulatory proceedings and community actions; accidents; title matters; regulatory approvals and restrictions; increased costs and physical risks relating to climate change, including extreme weather events, and new or revised regulations relating to climate change; permitting and licensing; volatility of the market price of the Company’s securities; insurance; competition; hedging activities; currency fluctuations; loss of key employees; other risks of the mining industry as well as those risks discussed in the Company’s Management’s Discussion and Analysis in respect of the year ended December 31, 2020 and in the section entitled “Risk Factors” in the Company’s Annual Information Form dated March 18, 2021. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. The forward-looking information or statements are stated as of the date hereof. Nevada Copper disclaims any intent or obligation to update forward-looking statements or information except as required by law. Readers are referred to the additional information regarding Nevada Copper’s business contained in Nevada Copper’s reports filed with the securities regulatory authorities in Canada. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements, there may be other factors that could cause actions, events or results not to be as anticipated, estimated or intended. For more information on Nevada Copper and the risks and challenges of its business, investors should review Nevada Copper’s filings that are available at www.sedar.com.

Nevada Copper provides no assurance that forward-looking statements and information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information.

Categories
Base Metals Energy Exclusive Interviews Precious Metals Project Generators Riverside Resources

RIVERSIDE RESOURCES – 2 Ounces of Gold, La Union

Vancouver, British Columbia–(Newsfile Corp. – October 6, 2021) – Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) (“Riverside” or the “Company”) is pleased to report the mineral tenure consolidation and expansion of La Union Polymetallic Project in Sonora, Mexico. The acquisition of these additional concessions provides Riverside with an expanded land position and further control of the historical mines and old workings across the district. This consolidation through the acquisition of small internal concessions provides Riverside an option on the high-grade, previous small scale mine properties, internal to the larger surrounding 100% Riverside owned mineral concessions and increases the property total area to over 26 km2 (2,604 hectares). This transaction expands upon the original property acquired from Millrock’s Mexico portfolio in 2019 (see press release of June 26, 2019).

La Union is located in western Sonora and is part of the orogenic gold trend. The old mining areas at La Union have seen very little drill testing and the broader structures are wide open for further regional exploration. Riverside is in contact with the local surface owners and knows the region from previous work with partner Hochschild Mining which allows Riverside to initiate exploration immediately.

Riverside’s initial field work included selective rock sampling from abandoned mine workings and dumps with results returning up to 59.4 g/t Au and 833 g/t Ag (see Table 1). Further exploration work will begin shortly as the Company is pleased to have completed this expansion step, opening the door to follow up work.https://s.yimg.com/rq/darla/4-9-0/html/r-sf-flx.html

La Union Polymetallic Project has been previously defined as a manto-chimney style deposit. The ongoing work has been demonstrating significantly high-grades in gold, silver, lead and zinc across mineralized areas identified. Near surface, the oxide gossan cap and carbonate replacement are particularly extensive with strong similarities with the Leadville polymetallic system in Colorado, USA. At La Union the Paleozoic carbonate stratigraphic section is a composite of over 1,000 m thick regionally and the mineralization of chimneys and mantos is open in multiple directions.

Table 1: Sample Results from La Union Polymetallic Project

Sample IDAu (g/t)Ag (g/t)Pb (%)Zn (%)Cu (%)TypeDescription
RRI789159.48335.764.160.3rock chipmassive sulfide – dolomitic breccia
RRI7895403.30.13mine dumpmassive sulfide and jasperoid
RRI78948.32390.17mine dumpjasperoid
RRI78901.367501.631.43mine dumpsulfide-oxide bearing breccia
RRI78930.47312.4rock chipbrecciated contact – dolomite/quartzite
RRI78890.07276.4rock chipbrecciated contact – dolomite/limestone


Note: Six of the higher-grade due diligence samples out of eight total are shown in Table 1.



Figure 1: Photo of sample RRI7891 from La Famosa Mine and RRI7895 from Plomito Mine

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6101/98673_78761357c45a0b0c_003full.jpg


Figure 2: Map of Riverside’s La Union Polymetallic Project, Sonora, Mexico. Highlights of the most recent results from rock sampling from Riverside (see Table 1)

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/6101/98673_78761357c45a0b0c_004full.jpg

Riverside’s President and CEO, John-Mark Staude: “We are excited to complete the acquisition of multiple key pieces of the project area at La Union, including the historic mines of Famosa and Plomito. Riverside is moving forward with growing projects, and generating exploration results at our properties, which continue to demonstrate the value of applying the Riverside property database and local team knowledge to capture and progress excellent mineral projects. The next steps for the La Union district will consist of field work and geophysics, which are expected to refine drilling targets.”

Transaction Details for the Acquisition:
Riverside has optioned over a 4-year term the properties with staged cash payments without any retained NSR. The terms for each respective property (La Famosa and Plomito) are presented below:

YEARPAYMENTSLA FAMOSAPLOMITO
0On Signing$$
112 months$10,000.00$10,000.00
224 months$15,000.00$15,000.00
336 months$25,000.00$25,000.00
448 months$50,000.00$40,000.00
560 months$75,000.00$75,000.00
TOTAL$175,000.00$165,000.00

Geology and previous work at La Union Polymetallic Project:
Mineralization is primarily located within the Paleozoic sedimentary sequence, known in this area for reaching up to 1,000 m in thickness and hosting multiple historical workings. The mountain range is characterized with alternating limestone, dolomite and quartzite, at which contact mineralization has been observed to grow into a manto-chimney style deposit. These types of deposits tend to have higher metal grades, making this style of deposition attractive for exploration.

Local historical productions in the 1950’s mined high-grades averaging 7-20 g/t Au, 300 g/t Ag, 10-20% Pb and 5% Zn, for which mineralized bodies were traced for at least 80 m depth within oxides (Yantis, 1957). Since then, only small exploration programs followed and including Paget Mineral Exploration Company and Millrock with sampling programs yielding up to 22.5 g/t Au and multiple high-grade polymetallic samples over the project area. The presence of many high-grade areas, the thickness of the host rock and extent of the system across multiple known historic mines are favorable evidence for an extensive system.



Figure 3: Map representing historical samples including rock chip, and mine dump as stated above and part of the Millrock and Paget database acquired from 2012 to 2019

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/6101/98673_78761357c45a0b0c_005full.jpg



Figure 4: Photo (left) of the mineralization as seen at La Union, showing quartzite bed bounded by oxide horizons. La Famosa (right) shows the old working from 1980s

To view an enhanced version of Figure 4, please visit:
https://orders.newsfilecorp.com/files/6101/98673_78761357c45a0b0c_006full.jpg

Geophysics and sampling will be additional tools deployed by Riverside in advancing the knowledge of this project, with a view to initiating a drill program that will allow the Project to extend high-grade at depth and define the limit of the oxide cap.

Qualified Person & QA/QC:
The scientific and technical data contained in this news release pertaining to La Union Project was reviewed and approved by Freeman Smith, P.Geo, a non-independent qualified person to Riverside Resources, who is responsible for ensuring that the geologic information provided in this news release is accurate and who acts as a “qualified person” under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Rock samples from the exploration program discussed above at La Union were taken to the Bureau Veritas Laboratories in Hermosillo, Mexico for fire assaying for gold. The rejects remained with Bureau Veritas in Mexico while the pulps were transported to Bureau Veritas laboratory in Vancouver, BC, Canada for 45 element ICP/ES-MS analysis. A QA/QC program was implemented as part of the sampling procedures for the exploration program. Standard samples were randomly inserted into the sample stream prior to being sent to the laboratory.

About Riverside Resources Inc.:
Riverside is a well-funded exploration company driven by value generation and discovery. The Company has no debt and approximately 71M shares outstanding with a strong portfolio of gold-silver and copper assets in North America. Riverside has extensive experience and knowledge operating in Mexico and Canada and leverages its large database to generate a portfolio of prospective mineral properties. In addition to Riverside’s own exploration spending, the Company also strives to diversify risk by securing joint-venture and spin-out partnerships to advance multiple assets simultaneously and create more chances for discovery. Riverside has 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 x312
TF: (877) RIV-RES1
Web: www.rivres.com

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98673https://s.yimg.com/rq/darla/4-9-0/html/r-sf-flx.htmlhttps://jac.yahoosandbox.com/0.7.0/safeframe.html

Categories
Base Metals Eloro Resources Energy Junior Mining Precious Metals

Eloro Resources Makes Iska Iska Polymetallic Property Option Payment

TORONTO, Oct. 05, 2021 (GLOBE NEWSWIRE) — Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce that it has advanced US$3 million as property option payments, pursuant to the Private Option Agreement (the “Agreement”) to acquire a 99% interest in the Iska Iska silver-tin polymetallic project (“Iska Iska”) in the Potosi Department, southern Bolivia. The Agreement grants Eloro the option to acquire a 99% interest in Iska Iska for consideration consisting of 500,000 Eloro common shares, of which 250,000 have been issued, with the remaining 250,000 to be issued on or before January 6, 2022, and the payment of US$10 million, of which US$3 million has been paid to date, with the remaining US$7 million due on or before January 6, 2024.

To date, the Company has completed 31,500 metres (m) in 61 drill holes including three (3) in progress to test major target areas at Iska Iska. Currently three diamond drill rigs are active at Iska Iska, two surface rigs and one underground drill. Planned drilling for 2021 is 51,000m with the aim of outlining an initial inferred National Instrument (“NI”) 43-101 compliant mineral resource by Q1 2022. Additionally, a downhole induced polarization/resistivity (IP/Res) survey is in progress to further define drill targets and aid resource definition drilling. Preliminary metallurgical tests are also in progress. An updated NI 43-101 Technical Report is being prepared by independent consultant Micon International Ltd.

“We are extremely pleased with the progress and exploration effort at Iska Iska and are most grateful for the partnership and contributions to date by the title holder, Empresa Minera Villegas S.R.L.,” commented Thomas Larsen, CEO of Eloro. “Due to the positive results to date from our drill campaign, initial engineering studies to establish potential economic parameters for mineral resource definition will commence shortly, with a site visit having already been completed by a top Peruvian Engineering firm. More detailed metallurgical studies are also planned.”

About Eloro Resources Ltd.

Eloro is an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec. Eloro has an option to acquire a 99% interest in the highly prospective Iska Iska Property, which can be classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department, in southern Bolivia. Eloro commissioned a NI 43-101 Technical Report on Iska Iska, which was completed by Micon International Limited and is available on Eloro’s website and under its filings on SEDAR. Iska Iska is a road-accessible, royalty-free property. Eloro also owns an 82% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru some 50 km south of Barrick’s Lagunas Norte Gold Mine and Pan American Silver’s La Arena Gold Mine. La Victoria consists of eight mining concessions and eight mining claims encompassing approximately 89 square kilometres. La Victoria has good infrastructure with access to road, water and electricity and is located at an altitude that ranges from 3,150 m to 4,400 m above sea level.

For further information please contact either Thomas G. Larsen, Chairman and CEO or Jorge Estepa, Vice-President at (416) 868-9168.

Information in this news release may contain forward-looking information. Statements containing forward looking information express, as at the date of this news release, the Company’s plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Company. There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.

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

Categories
Base Metals Energy Junior Mining Precious Metals Project Generators Vox Royalty

Vox Provides an Update for the Janet Ivy Gold Mine and Files a Technical Report on SEDAR

TORONTO, Oct. 5, 2021 /CNW/ – Vox Royalty Corp. (TSXV: VOX) (OTCQX: VOXCF) (“Vox” or the “Company“), a high growth precious metals focused royalty company, is pleased to announce an update on the producing Janet Ivy Gold Mine (“Janet Ivy“) in Western Australia, controlled by Norton Gold Fields Pty Ltd. (“Norton“); a subsidiary of Hong Kong and Shanghai-listed, Zijin Mining Group Co., Limited (“Zijin“). Vox holds an uncapped A$0.50/tonne production gold royalty over Janet Ivy, which forms the core of Zijin’s Binduli North heap leaching expansion project (“Binduli North“).

In addition to the Janet Ivy acquisition announcement by Vox on March 29, 2021, Vox has now filed on SEDAR a technical report, “NI 43-101 Technical Report, Janet Ivy Gold Mine (M26/446), Western Australia, Australia” dated October 5, 2021 by Kangari Consulting LLC.

According the Zijin’s latest public disclosures, the Binduli North expansion is targeted for completion as early as March 20221, which was the key near-term catalyst that Vox management anticipated when the royalty was acquired in March 2021. Vox congratulates Zijin on rapidly advancing the project to the commencement of construction in June 2021 and now looks forward to reaching the expansion completion milestone.

Riaan Esterhuizen, Executive Vice-President – Australia stated, “The Binduli expansion was the key near-term catalyst that Vox management anticipated when we acquired the Janet Ivy royalty in March 2021. The Binduli North heap leach expansion is expected to re-rate Janet Ivy royalty revenues from 2022 onwards. This royalty has the potential to generate A$1.5M – A$2.5M of annual revenues from Binduli North production on average across the life of mine and assuming a target production rate from Norton Gold of 5Mtpa from Binduli North.”

Asset Overview – Janet Ivy Gold Mine

Janet Ivy is located on mining lease, M26/446 and is located 10km to the west of Kalgoorlie. The deposit has been mined since 2017 as an open-cut mine to supplement baseload ore feed from the Enterprise open pit mine for the Norton-owned 3.7Mtpa Paddington Mill.2

On April 28, 2020, Zijin announced that the Zijin Board of Directors had approved the construction of the Binduli 15Mtpa heap leaching project, with the first phase at Binduli North expected to be completed and first production to commence in March 20221. The Vox royalty-linked tenure covers the core of Binduli North, including the full Janet Ivy resource as well as portions of the Fort William, Karen Louise and Fort Scott deposits (Figure 1).

In December 2020, Norton submitted a Mining Proposal (prepared by Talis Consultants Pty Ltd) to the Western Australian Environmental Protection Authority for the permitting of the Binduli North heap leach expansion, which proposed a 5Mtpa mining operation over 9 years from the Janet Ivy, Fort William, Karen Louise and Fort Scott pits.3 This Mining Proposal and an associated Application for Works Approval were approved by the Department of Water and Environmental Regulation on July 22, 2021 (Works Approval Number W6504/2021/1).4

On August 1, 2021, Zijin announced that the project design, application for permits and licenses and other preparatory work for Binduli North have been completed and that the construction had commenced in June 2021, that applications for permits and licenses for Binduli South heap leaching project is being studied and taking place, that after completion of all the Binduli construction work and upon reaching designated production capacity, approximately 7 tonnes of gold (approximately 225,000 ounces) can be produced in peak years, that the total capital cost of the combined Binduli expansion (5Mtpa Binduli North + 10Mtpa Binduli South) is A$462 million, and that investment in the project during the first half of 2021 was RMB 0.43B (A$90 million).5

Figure 1: Janet Ivy royalty tenure M26/446 in relation to Binduli North and Binduli South. (CNW Group/Vox Royalty Corp.)
Figure 1: Janet Ivy royalty tenure M26/446 in relation to Binduli North and Binduli South. (CNW Group/Vox Royalty Corp.)

Based on a Mining Proposal submitted to the Western Australian EPA in December 2020, the Binduli North expansion is a 5Mtpa heap leach project that is expected to mine 41Mt @ 0.6g/t Au over a 9 year mine life. The project covers the following royalty-linked deposits, that are approximately 85% royalty linked:

Table 1: Mining Design Results as of December 2020 (Source: Talis 2020) (CNW Group/Vox Royalty Corp.)
Table 1: Mining Design Results as of December 2020 (Source: Talis 2020) (CNW Group/Vox Royalty Corp.)

For more information on Janet Ivy, please visit the Norton website at https://nortongoldfields.com.au/janet-ivy/.

Qualified Person

Timothy J. Strong, MIMMM, of Kangari Consulting Limited and a “Qualified Person” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical disclosure contained in this press release.

About Vox

Vox is a high growth precious metals royalty and streaming company with a portfolio of over 50 royalties and streams spanning eight jurisdictions. The Company was established in 2014 and has since built unique intellectual property, a technically focused transactional team and a global sourcing network which has allowed Vox to become the fastest growing company in the royalty sector. Since the beginning of 2019, Vox has announced 20 separate transactions to acquire over 45 royalties.

Further information on Vox can be found at www.voxroyalty.com.

Cautionary Note Regarding Forward Looking Information

This news release contains certain forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate” “plans”, “estimates” or “intends” or stating that certain actions, events or results ” may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be “forward-looking statements”.

The forward-looking statements and information in this press release include, but are not limited to, a summary of operator updates provided by management and the potential impact on the Company of such operator updates, statements regarding expectations for the timing of commencement of resource production from the project, expectations regarding the size, quality and exploitability of the resources associated with the project, future operations and work programs of Vox’s mining operator partner, the receipt of future royalty payments derived from the royalty asset, anticipated future cash flows and future financial reporting by Vox and requirements for regulatory approvals.

Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Vox to control or predict, that may cause Vox’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the requirement for regulatory approvals and third party consents, the impact of general business and economic conditions, the absence of control over the mining operations from which Vox will receive royalties, including risks related to international operations, government relations and environmental regulation, the inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the impact of the COVID-19 pandemic; the possibility that future exploration, development or mining results will not be consistent with Vox’s expectations; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; currency fluctuations; regulatory restrictions, including environmental regulatory restrictions; liability, competition, loss of key employees and other related risks and uncertainties. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statement prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Vox cautions that the foregoing list of material factors is not exhaustive. When relying on the Company’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.

Vox has assumed that the material factors referred to in the previous paragraph will not cause such forward looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of Vox as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While Vox may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

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

Technical and Third-Party Information

Except where otherwise stated, certain disclosure in this press release is based on information publicly disclosed by third parties (including but not limited to mining project operators and government departments) based on the information/data available in the public domain as at the date hereof, and none of this information has been independently verified by Vox. Specifically, as a royalty investor, Vox has limited, if any, access to the royalty operations. Although Vox does not have any knowledge that such information may not be accurate, there can be no assurance that such information from the project operators is complete or accurate. Some information publicly reported by the project operators may relate to a larger property than the area covered by Vox’s royalty interests. Vox’s royalty interests often cover less than 100% and sometimes only a portion of the publicly reported mineral reserves, mineral resources and production of a property.

Technical References & Notes:

1Zijin Mining Group Co., Limited Hong Kong Stock Exchange News Release titled “Announcement in relation to Plan to Expand Gold Production of Longnan Zijin and Norton Gold Fields” dated 28 April 2020 https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0428/2020042802915.pdf
2Norton Gold Fields Pty Ltd website: https://nortongoldfields.com.au/janet-ivy/
3Western Australia Department of Mines, Industry Regulation and Safety: https://geodocs.dmirs.wa.gov.au/Web/documentlist/9/EARS_regi_id/92737
4Western Australia Department of Water and Environmental regulation:
https://www.der.wa.gov.au/component/k2/itemlist/filter?fitem_all=binduli+north&array26%5B%5D=Works+approval&searchword34=5+-+Processing+or+beneficiation+of+metallic+or+non%E2%80%91metallic+ore&moduleId=94&Itemid=175
5Zijin Mining Group Co., Limited Hong Kong Stock Exchange News Release titled “Unaudited Interim Results for the Six Months Ended 30 June 2021” dated 1 August 2021 https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0801/2021080100043.pdf
Vox Royalty Logo (CNW Group/Vox Royalty Corp.) (CNW Group/Vox Royalty Corp.)
Vox Royalty Logo (CNW Group/Vox Royalty Corp.) (CNW Group/Vox Royalty Corp.)

SOURCE Vox Royalty Corp.

Categories
Base Metals Energy Junior Mining Nevada Copper

Nevada Copper Announces Financing Update

YERINGTON, Nev., Oct. 01, 2021 (GLOBE NEWSWIRE) — Nevada Copper Corp. (TSX: NCU) (OTC: NEVDD) (“Nevada Copper” or the “Company”) is pleased announce that the Company has received a further extension of the waiver from KfW IPEX-Bank (“KfW”), the Company’s senior project lender, to October 31, 2021 to complete the project completion test (the “Project Longstop Date”) under the Company’s amended and restated credit agreement (the “Amended KfW Facility”). As previously announced, the Company and KfW are in discussions regarding a longer-term extension of the Project Longstop Date. While there can be no assurance, the Company expects to enter into this longer-term extension and finalize certain other amendments, including payment deferrals, to the Amended KfW Facility by the end of October.

As a condition to the most recent waiver from KfW, Pala Investments Limited (“Pala”), the Company’s largest shareholder, will provide a new US$12 million loan to the Company pursuant to a promissory note entered into between Pala and the Company (the “Promissory Note”). The Promissory Note has substantially the same terms as the amended and restated promissory note issued by the Company in favour of Pala, as described in the Company’s August 31, 2021 press release, however, no arrangement fee is payable to Pala under the Promissory Note. The Promissory Note was reviewed and approved by a committee of independent directors of the Company.

Effective September 30, 2021, Justin Cochrane resigned from the Company’s board of directors (the “Board”) in order to focus on the other businesses that he’s involved with and to reduce the number of boards on which he sits.https://s.yimg.com/rq/darla/4-9-0/html/r-sf-flx.html

“On behalf of the Company, I would like to thank Justin Cochrane for his contributions to the Company and wish him success in his future endeavours,” stated Stephen Gill, Chairman of the Board.

About Nevada Copper
Nevada Copper (TSX: NCU) is a copper producer and owner of the Pumpkin Hollow copper project. Located in Nevada, USA, Pumpkin Hollow has substantial reserves and resources including copper, gold and silver. Its two fully permitted projects include the high-grade underground mine and processing facility, which is now in the production stage, and a large-scale open pit project, which is advancing towards feasibility status.

NEVADA COPPER CORP.
www.nevadacopper.com
Mike Brown, Interim President and CEO

For further information contact:
Rich Matthews, Investor Relations
Integrous Communications
rmatthews@integcom.us
+1 604 757 7179

Cautionary Language

This news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements that relate to an extension and amendments in connection with the Amended KfW Facility.

Forward-looking statements and information include statements regarding the expectations and beliefs of management. Often, but not always, forward-looking statements and forward-looking information can be identified by the use of words such as “plans”, “expects”, “potential”, “is expected”, “anticipated”, “is targeted”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements or information should not be read as guarantees of future performance and results. They are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and events to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information.

Such risks and uncertainties include, without limitation, those relating to: the ability of the Company to complete the ramp-up of its underground mine within the expected cost estimates and timeframe; requirements for additional capital and no assurance can be given regarding the availability thereof; the impact of the COVID-19 pandemic on the business and operations of the Company; the state of financial markets; history of losses; dilution; adverse events relating to milling operations, construction, development and ramp-up, including the ability of the Company to address underground development and process plant issues; failure to obtain extensions under and amendments to the Amended KfW Facility; ground conditions; cost overruns relating to development, construction and ramp-up of its underground mine; loss of material properties; interest rates increase; global economy; limited history of production; future metals price fluctuations; speculative nature of exploration activities; periodic interruptions to exploration, development and mining activities; environmental hazards and liability; industrial accidents; failure of processing and mining equipment to perform as expected; labor disputes; supply problems; uncertainty of production and cost estimates; the interpretation of drill results and the estimation of mineral resources and reserves; changes in project parameters as plans continue to be refined; possible variations in ore reserves, grade of mineralization or recovery rates from management’s expectations and the difference may be material; legal and regulatory proceedings and community actions; accidents; title matters; regulatory approvals and restrictions; increased costs and physical risks relating to climate change, including extreme weather events, and new or revised regulations relating to climate change; permitting and licensing; volatility of the market price of the Company’s securities; insurance; competition; hedging activities; currency fluctuations; loss of key employees; other risks of the mining industry as well as those risks discussed in the Company’s Management’s Discussion and Analysis in respect of the year ended December 31, 2020 and in the section entitled “Risk Factors” in the Company’s Annual Information Form dated March 18, 2021. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. In particular, there can be no assurance that the extension and amendments to the Amended KfW Facility or the conditions for their effectiveness will be achieved at all or within the necessary timeframe, in which case the Company may have to cease operations in the absence of an alternative financing transaction. The forward-looking information or statements are stated as of the date hereof. Nevada Copper disclaims any intent or obligation to update forward-looking statements or information except as required by law. Readers are referred to the additional information regarding Nevada Copper’s business contained in Nevada Copper’s reports filed with the securities regulatory authorities in Canada. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements, there may be other factors that could cause actions, events or results not to be as anticipated, estimated or intended. For more information on Nevada Copper and the risks and challenges of its business, investors should review Nevada Copper’s filings that are available at www.sedar.com.

Nevada Copper provides no assurance that forward-looking statements and information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information.