Category: Base Metals

Civil War 2.0

Post author By admin
Post date July 15, 2024

Bob Moriarty
Archives
Jul 15, 2024

I’ve done a number of interviews lately because there are a lot of people talking about things they have no understanding of. Such as war and geopolitics.

If you remember back to the Gulf War reporting, the people on the boob tube were breathlessly commenting on “Daisy Cutters” as if they were some sort of giant bombs. While it is so that the Air Force used giant 10,000-pound bombs to clear landing zones, the term “Daisy Cutter” didn’t refer to the bomb but to the 36-inch-long fuse that detonated the bomb before it reached the earth.

As an F-4B pilot and later an O-1C and O-1G Birddog Forward Air Controller I dropped and controlled hundreds of 500-pound Mark-82 bombs and 750-pound Mark-83 bombs which used the Daisy Cutter fuses to clear landing zones. Daisy Cutter is the fuse, not the bomb.

And every time I hear some talking head mumbling about how Russia is the aggressor in the Ukraine war, I get an urge to gag. Have they all forgotten the $5 billion spent by Victoria Nuland to bring Democracy to Ukraine in 2014 by ridding them of their duly elected President in favor of a thug installed by the Neocons? How about the immortal phrase spoken by Nuland when organizing which thug would the US put into power?

Fuck the EU. I hope that is deeply engraved on her tombstone one day because it perfectly shows the US interest in Democracy.

The MSM has failed to even mention the 14,000 dead from the Ukrainians shelling mostly women and children from 2014 to 2022 in Donbas. And none of them mention the 100,000 NATO trained and armed Ukrainian soldiers poised on the border with Donbas ready to invade. It was scheduled for March 10th 2022.

I think Civil War 2.0 began in a meaningless Trump speech in some Podunk town in Pennsylvania on July 13. The dust has yet to settle but this begins to smell like a long dead fish floating on the top of a swamp.

In what appears to be a credible interview of someone attending the Trump rally we are told that numerous watchers saw a young man carrying a rifle go on top of a building a mere 135 meters or so from where former President Trump was speaking. The watchers attempted to notify the Secret Service and police of the dangerous event of a gunman within easy rifle range of Trump but were ignored.

The shooter managed to aim his rifle and fire a number of rounds towards Trump. From the sound of the rifle to me it appears the sniper was firing a .22 caliber rifle probably with .22 Long Rifle rounds. If you make a head shot, the person hit is going down, likely on a permanent basis. I carried a .22 caliber Colt Woodsman pistol in Vietnam as a survival weapon. I could hit someone at 50 meters in the head and kill them. So, someone basically familiar with a .22 rifle at 135 meters is pretty much point-blank range.

Through a total fluke the shooter missed and only nicked Trump’s ear lobe. An inch or two away from a fatal wound. Clearly there was a giant failure on the part of the Secret Service. Much has been made of the numerous viewers who tried and seemingly failed to garner the attention of either local police or the Secret Service.

There is a very famous picture of two counter snipers on another rooftop about 130 meters or so from the assassin’s position. You may wonder why they didn’t see and take down the shooter.

According to someone calling himself Jonathan Willis, he is one of the two counter snipers on the roof to protect Trump. They had to have seen the assassin but took no action.

Jonathan Willis or someone posting as him says they were forbidden by the head of the Secret Service to shoot until the sniper fired. Willis claims he had the sniper in his sights for at least three minutes and his superiors refused to clear him to shoot.

If you listen to any of the many videos of the attempted assassination you can hear the gunman fire a number of rounds from what would probably be a semi-automatic .22 rifle. A mere second or two after he fired you can hear multiple rounds being fired almost certainly from the counter snipers. Many of the reports call the counter snipers members of the Secret Service but I don’t think they were. I think they were local police snipers. Their uniforms were marked Police and what Jonathan Willis wrote in his entry on X he sounds like a policeman.

Certainly, if the Secret Service refused to allow their own snipers to shoot an assassin and the shooter managed to wound Trump the agent would be told to keep his mouth shut. If Jonathan Willis was in fact one of the counter snipers and was police rather than Secret Service, he wasn’t about to allow the world to think the failure to shoot was his fault.

The timing of the various shots being fired suggests he tells the truth. If the counter snipers didn’t know where the shots were coming from, it would take them a few seconds to determine where the threat originated. They couldn’t have acquired the shooter and manage to kill him a couple of seconds after he fired at Trump and did manage to kill someone attending the rally.

If the top agent of the Secret Service at this rally refused to allow the counter snipers to do their jobs, this was a coup. A deliberate coup on the part of the Secret Service to kill Trump.

We will know on July 15th if it was deliberate or a simple but well-meaning mistake. If the Secret Service agent in charge is fired today it could have been a stupid mistake. If the agent is not fired, it means there is a coverup in progress.

I’ve done ten to fifteen interviews in the last month or so. When asked I made it clear that it is my belief that Biden will not be the Democrat candidate for the Presidential election in November. Lots of viewers didn’t agree with me but clearly there is no chance Biden will be the Democrat choice. He can’t complete a rational sentence. He confuses Zelensky with Putin and believes Trump is his black appointment as Vice President. Biden and the Democrats are destroying what remains of the American attempt at Empire.

And I have made it clear in a number of interviews that Donald Trump terrifies the Democrats to the point that there have been a lot of suggestions that the best way to protect America is to assassinate Trump. They are logically afraid that if Trump is elected, he will do the same thing to them that they have done to him for at least eight years. A mere week ago Biden was calling for Trump to be put in the bullseye. On the 13th of July Biden’s wish came true.

Call it Civil War 2.0 or simply a coup d’état but the Deep State operatives have shown their true colors.

This next week is probably going to be one of the most critical weeks in US history. Millions of military age men have been allowed to enter the US illegally, given money, a cell phone, food and accommodations. Some of them have to be double agents brought in by someone or somebody to create panic and chaos at the right time.

It would be no problem for these young men to be given weapons, ammo and targets. All we need for Martial Law to be imposed would be to have a few dozen random attacks by illegals all across the country. Then the Democrats could do what Zelensky did in Ukraine. When his term expired, he simply ignored the law and stayed in office. Biden/Harris might well conclude that’s just a spiffy idea.

If we don’t have migrants running around shooting people another alternative is for the Deep State to start whacking political candidates for office on both sides. If it works in South America, Mexico and Serbia why can’t it work here? In Mexico alone thirty-seven candidates were killed in this latest election in June of 2024. No doubt we can surpass that number in the US with candidates being whacked by the Deep State on both sides.

I’m not a fan of Alex Jones. As far as I can tell he isn’t dealing with a full deck. But in a short video he put out on Saturday he suggests we have had a coup. He might well be right and if so, we will know shortly.

Call it the intro to Civil War 2.0

###

Bob Moriarty
President: 321gold
Archives

Base Metals Energy Junior Mining Uncategorized

Strathmore Triples Length of Mineralized Trend at Agate

Post author By admin
Post date July 9, 2024

Kelowna, British Columbia–(Newsfile Corp. – July 9, 2024) – Strathmore Plus Uranium Corporation (TSX: SUU) (OTCQB: SUUFF) (“Strathmore” or “the Company“) is pleased to announce it has extended the mineralization from the Phase 1 drilling for the 2024 exploration season at the Agate project in Wyoming. The Company completed 100 exploration holes across the project area, resulting in the extension of the Lower sand’s northern trend to 3,700 feet in length.

Highlights for the drilling along this trend included holes:

*AG-175-24 (7.5 feet of 0.128% eU₃O₈from 103.5-110.0 feet)
*AG-200-24 (15 feet of 0.116% eU₃O₈ from 82.5-97.5 feet).
*AG-162-24 (16 feet of 0.067% eU₃O₈from 87.5-103.5 feet)

In addition, five piezometer wells were completed for groundwater testing and five holes were prepared for core recovery this summer.

Phase 1 of the 2024 drilling explored the Eocene Wind River Formation, an arkosic-rich sandstone which is noted for its high porosity and permeability, and high groundwater transmissivity. In addition to continued exploration of the Lower sand, the recent drilling discovered shallow mineralization within the overlying Middle sand, which is thicker than the Lower sand, and historically produced most of the uranium in the Shirley Basin district.

Dev Randhawa, CEO commented:

The BOD and I, along with our new Director, Mr. Marion Loomis, and technical advisors Ray Ashley and Sam Hartmann, toured both our Agate and Beaver Rim properties on June 26 & 27^th.

We are excited to see the higher-grade intercepts as we move further SW. at Agate. The drill results are validating our prediction of the Wyoming roll front model as applied to our Agate property. With continued exploration by our field team and geophysical modeling by the University of Wyoming personnel, I expect Strathmore to further define the east side of the mineralized tongue at Agate and move towards a draft ISR resource assessment.

Agate Exploration:

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3282/215737_ae406299f46f3955_002full.jpg

Hole ID	Latitude	Longitude	Depth (ft)	Top (ft)	Bottom (ft)	Thickness (ft)	Grade % eU3O8	Grade x Thickness
AG-101-24	42.30469	(106.29538)	120	80.5	86.0	5.5	0.017	0.094
AG-102-24	42.30502	(106.29534)	120	84.5	98.0	13.5	0.026	0.351
AG-103-24	42.30474	(106.29495)	120	74.5	82.5	8.0	0.035	0.280
AG-104-24	42.30447	(106.29533)	100	81.0	87.0	6.0	0.019	0.114
AG-105-24	42.30500	(106.29573)	120	86.5	98.5	12.0	0.014	0.168
AG-106-24	42.30472	(106.29573)	100	79.0	83.0	4.0	0.037	0.148
				86.5	89.0	2.5	0.046	0.115
AG-107-24	42.30446	(106.29579)	120	80.5	83.5	3.0	0.034	0.102
				88.5	92.5	4.0	0.044	0.176
AG-108-24	42.30529	(106.29531)	120	88.0	90.0	2.0	0.023	0.046
AG-109-24	42.30558	(106.29533)	120	84.5	87.0	2.5	0.031	0.078
				89.5	99.5	10.0	0.032	0.320
AG-110-24	42.30531	(106.29493)	120	82.5	92.5	10.0	0.019	0.190
AG-111-24	42.30477	(106.29610)	120	83.0	92.0	9.0	0.026	0.231
AG-112-24	42.30505	(106.29608)	120	81.5	85.0	3.5	0.023	0.081
AG-113-24	42.30505	(106.29493)	120	83.0	93.0	10.0	0.022	0.219
AG-114-24	42.30528	(106.29573)	120	84.5	95.5	11.0	0.014	0.154
AG-115-24	42.30566	(106.29493)	120	88.0	89.5	1.5	0.031	0.047
AG-116-24	42.30561	(106.29456)	120	83.0	87.5	4.5	0.027	0.122
AG-117-24	42.30590	(106.29494)	120	75.0	87.5	12.5	0.015	0.188
AG-118-24	42.30589	(106.29459)	120	87.0	100.5	13.5	0.024	0.324
AG-119-24	42.30553	(106.29558)	120	87.5	105.5	18.0	0.033	0.594
AG-120-24	42.30293	(106.29702)	140	BARREN
AG-121-24	42.30318	(106.29700)	120	BARREN
AG-122-24	42.30346	(106.29699)	120	89.5	94.5	5.0	0.022	0.110
AG-123-24	42.30322	(106.29739)	140	90.0	92.0	2.0	0.024	0.048
				94.0	101.0	7.0	0.014	0.098
AG-124-24	42.30349	(106.29736)	140	90.0	95.0	5.0	0.017	0.085
AG-125-24	42.30373	(106.29697)	120	91.0	94.0	3.0	0.027	0.081
AG-126-24	42.30319	(106.29662)	120	84.0	88.5	4.5	0.019	0.086
AG-127-24	42.30374	(106.29738)	140	97.0	99.0	2.0	0.015	0.030
AG-128-24	42.30320	(106.29744)	140	92.0	98.0	6.0	0.013	0.078
AG-129-24	42.30370	(106.29668)	120	86.5	88.5	2.0	0.013	0.026
AG-130-24	42.30402	(106.29697)	120	90.0	94.5	4.5	0.059	0.266
AG-131-24	42.30360	(106.27836)	130	19.0	27.0	8.0	0.030	0.242
				31.5	34.0	2.5	0.022	0.055
				41.0	43.0	2.0	0.028	0.056
AG-132-24	42.30414	(106.27911)	100	37.5	42.0	4.5	0.029	0.131
				48.5	50.5	2.0	0.012	0.024
				63.5	65.5	2.0	0.012	0.024
AG-133-24	42.30417	(106.27866)	100	37.5	39.5	2.0	0.013	0.026
				41.5	63.5	22.0	0.013	0.288
				68.0	71.0	3.0	0.015	0.045
AG-134-24	42.30387	(106.27872)	120	42.5	50.5	8.0	0.013	0.105
				56.0	58.5	2.5	0.013	0.033
				62.5	64.5	2.0	0.011	0.022
AG-135-24	42.30389	(106.27831)	120	16.0	32.5	16.5	0.035	0.578
				34.0	36.5	2.5	0.013	0.033
				44.0	48.5	4.5	0.025	0.113
AG-136-24	42.30335	(106.27836)	100	9.5	13.0	3.5	0.013	0.046
				20.0	24.0	4.0	0.012	0.048
				35.5	42.5	7.0	0.014	0.095
				45.0	49.0	4.0	0.014	0.056
AG-137-24	42.30365	(106.27874)	140	17.5	28.0	10.5	0.032	0.336
				32.5	36.0	3.5	0.027	0.095
AG-138-24	42.30446	(106.27828)	120	36.5	40.5	4.0	0.062	0.248
Hole ID	Latitude	Longitude	Depth (ft)	Top (ft)	Bottom (ft)	Thickness (ft)	Grade % eU3O8	Grade x Thickness
AG-139-24	42.30417	(106.27832)	120	43.5	49.0	5.5	0.018	0.099
AG-140-24	42.30387	(106.27802)	120	33.5	36.5	3.0	0.016	0.048
				40.0	44.0	4.0	0.013	0.052
AG-141-24	42.30445	(106.27869)	120	35.0	41.5	6.5	0.013	0.085
				67.0	69.0	2.0	0.012	0.024
AG-142-24	42.30469	(106.27872)	120	34.0	36.0	2.0	0.035	0.070
				62.5	65.0	2.5	0.015	0.038
				70.0	72.0	2.0	0.014	0.028
AG-143-24	42.30500	(106.27869)	120	30.5	44.5	14.0	0.046	0.644
				51.0	56.0	5.0	0.010	0.052
				64.5	71.0	6.5	0.012	0.076
AG-144-24	42.30503	(106.27821)	120	16.0	23.0	7.0	0.013	0.094
				30.5	32.5	2.0	0.041	0.082
				36.5	40.5	4.0	0.038	0.152
AG-145-24	42.30559	(106.27820)	120	18.0	20.0	2.0	0.012	0.024
				23.0	28.0	5.0	0.011	0.055
				33.5	36.0	2.5	0.012	0.030
				44.0	48.5	4.5	0.014	0.063
				53.0	57.0	4.0	0.014	0.056
				61.0	64.5	3.5	0.013	0.044
				71.0	73.5	2.5	0.012	0.030
AG-146-24	42.30535	(106.27869)	120	20.5	23.5	3.0	0.013	0.038
				25.5	48.0	22.5	0.014	0.304
AG-147-24	42.30580	(106.27865)	120	29.0	44.5	15.5	0.051	0.791
				57.0	68.0	11.0	0.013	0.143
AG-148-24	42.30610	(106.27818)	120	28.0	31.5	3.5	0.011	0.037
				35.0	48.0	13.0	0.013	0.165
				54.0	56.5	2.5	0.011	0.027
AG-149-24	42.31234	(106.29066)	140	101.0	104.5	3.5	0.046	0.161
				110.5	116.5	6.0	0.011	0.068
AG-150-24	42.31252	(106.29057)	140	103.5	107.5	4.0	0.010	0.042
AG-151-24	42.31322	(106.29053)	140	95.0	106.0	11.0	0.079	0.869
AG-152-24	42.31321	(106.29016)	160	101.0	105.5	4.5	0.049	0.221
AG-153-24	42.31352	(106.29048)	140	BARREN
AG-154-24	42.31353	(106.29015)	140	93.0	95.5	2.5	0.027	0.068
AG-155-24	42.31353	(106.28978)	140	90.5	93.0	2.5	0.039	0.098
				94.5	100.0	5.5	0.060	0.330
AG-156-24	42.31321	(106.28978)	160	98.5	108.0	9.5	0.056	0.532
AG-157-24	42.31293	(106.29090)	140	100.5	103.0	2.5	0.037	0.093
				104.5	106.5	2.0	0.025	0.050
AG-158-24	42.31321	(106.29090)	140	92.5	97.0	4.5	0.012	0.054
AG-159-24	42.31321	(106.28945)	160	107.0	109.0	2.0	0.028	0.056
AG-160-24	42.31351	(106.28942)	140	95.0	99.5	4.5	0.044	0.198
AG-161-24	42.31364	(106.28944)	140	91.5	102.5	11.0	0.021	0.231
AG-162-24	42.31295	(106.29128)	140	77.5	79.5	2.0	0.036	0.072
				87.5	103.5	16.0	0.067	1.072
AG-163-24	42.31269	(106.29129)	140	107.0	108.5	1.5	0.013	0.020
AG-164-24	42.31266	(106.29090)	140	99.5	105.0	5.5	0.033	0.182
AG-165-24	42.31266	(106.29168)	140	105.0	107.5	2.5	0.013	0.033
AG-166-24	42.31298	(106.29164)	140	83.5	86.0	2.5	0.037	0.093
AG-167-24	42.31295	(106.29201)	140	80.5	83.0	2.5	0.029	0.073
Hole ID	Latitude	Longitude	Depth (ft)	Top (ft)	Bottom (ft)	Thickness (ft)	Grade % eU3O8	Grade x Thickness
				85.5	87.5	2.0	0.040	0.080
				89.5	91.5	2.0	0.027	0.054
AG-168-24	42.31251	(106.29198)	140	78.5	80.5	2.0	0.068	0.136
				91.5	94.0	2.5	0.011	0.028
				97.5	104.0	6.5	0.014	0.088
AG-169-24	42.31230	(106.29179)	140	96.0	100.5	4.5	0.014	0.063
				102.0	107.0	5.0	0.014	0.070
AG-170-24	42.31241	(106.29229)	140	101.0	104.5	3.5	0.013	0.046
AG-171-24	42.31270	(106.29229)	140	90.0	92.5	2.5	0.015	0.038
				94.5	101.0	6.5	0.013	0.085
				105.5	107.5	2.0	0.011	0.021
AG-172-24	42.31216	(106.29212)	140	97.0	107.0	10.0	0.014	0.138
AG-173-24	42.31213	(106.29257)	140	101.5	107.0	5.5	0.068	0.374
AG-174-24	42.31246	(106.29262)	140	BARREN
AG-175-24	42.31191	(106.29215)	140	103.5	111.0	7.5	0.128	0.960
AG-176-24	42.31196	(106.29282)	140	BELOW CUTOFF
AG-177-24	42.31175	(106.29253)	140	59.5	63.0	3.5	0.012	0.042
				108.5	112.0	3.5	0.020	0.070
AG-178-24	42.31162	(106.29217)	140	51.0	53.0	2.0	0.011	0.022
				69.5	72.5	3.0	0.013	0.040
				109.5	113.5	4.0	0.010	0.041
AG-179-24	42.31186	(106.29178)	140	109.0	112.0	3.0	0.045	0.135
AG-180-24	42.31231	(106.29144)	140	85.0	91.5	6.5	0.122	0.793
				95.0	99.0	4.0	0.038	0.152
AG-181-24	42.31135	(106.29262)	140	80.5	86.0	5.5	0.023	0.127
				101.5	113.0	11.5	0.015	0.172
AG-182-24	42.31129	(106.29219)	140	100.0	112.0	12.0	0.014	0.168
AG-183-24	42.31209	(106.29182)	140	100.0	102.5	2.5	0.037	0.093
				105.0	108.5	3.5	0.014	0.050
				112.0	114.0	2.0	0.012	0.024
AG-184-24	42.31204	(106.29146)	140	96.0	99.5	3.5	0.055	0.193
				100.0	110.5	10.5	0.014	0.147
AG-185-24	42.31220	(106.29104)	140	84.5	86.5	2.0	0.012	0.024
				93.5	96.0	2.5	0.015	0.038
				98.0	103.0	5.0	0.018	0.090
				105.0	107.0	2.0	0.010	0.020
AG-186-24	42.31108	(106.29362)	140	112.0	121.0	9.0	0.062	0.558
AG-187-24	42.31076	(106.29367)	140	115.0	117.0	2.0	0.033	0.066
				117.0	129.0	12.0	0.012	0.141
AG-188-24	42.31065	(106.29429)	140	110.5	129.0	18.5	0.012	0.221
AG-189-24	42.31040	(106.29429)	140	109.0	111.5	2.5	0.023	0.058
				116.5	121.5	5.0	0.012	0.062
AG-190-24	42.31080	(106.29329)	140	108.5	113.5	5.0	0.093	0.465
AG-191-24	42.31046	(106.29470)	160	124.5	132.0	7.5	0.015	0.113
AG-192-24	42.31022	(106.29472)	140	111.0	116.0	5.0	0.012	0.062
				117.5	127.0	9.5	0.017	0.162
AG-193-24	42.31029	(106.29502)	140	96.0	101.0	5.0	0.012	0.058
				113.5	122.5	9.0	0.014	0.122
				124.0	130.0	6.0	0.016	0.096
AG-194-24	42.31015	(106.29529)	140	112.5	120.5	8.0	0.016	0.128
AG-195-24	42.31095	(106.29429)	160	130.0	133.5	3.5	0.016	0.056
Hole ID	Latitude	Longitude	Depth (ft)	Top (ft)	Bottom (ft)	Thickness (ft)	Grade % eU3O8	Grade x Thickness
AG-196-24	42.31353	(106.28906)	140	96.0	100.0	4.0	0.029	0.116
AG-197-24	42.31352	(106.28869)	140	97.0	103.0	6.0	0.013	0.078
AG-198-24	42.31373	(106.28866)	140	97.0	105.0	8.0	0.033	0.266
AG-199-24-MW	42.31395	(106.28670)	125	NOT LOGGED
AG-200-24-MW	42.31502	(106.28512)	130	82.5	97.5	15.0	0.116	1.740

Note: The geophysical results are based on equivalent uranium (eU₃O₈) of the gamma-ray probes calibrated at the Department of Energy’s Test Facility in Casper, Wyoming. A series E Century Geophysical logging tool with gamma-ray, spontaneous potential, resistivity, and drift detectors was utilized. The reader is cautioned that the reported uranium grades may not reflect actual concentrations due to the potential for disequilibrium between uranium and its gamma emitting daughter products.

Mineralized holes with thicker, higher-grade intercepts are interpreted to be in the Near Interface, Nose (main front), or Near Seepage ground located within the projected roll front system.
Mineralized holes with thinner, below cutoff grade intercepts are interpreted to be in the Limb/Tails or Remote Seepage ground located behind (altered) or ahead (reduced) of the projected roll front system, respectively.

Non-mineralized holes are interpreted to be in the Barren Exterior ground located ahead of the projected roll front system in reduced ground.
The drill results were determined using thickness and grade % cutoffs of 2-feet and 0.01% eU₃O8_.

The 2024 drilling was completed by Single Water Services utilizing a mud-rotary rig and the geophysical logging was completed by Hawkins CBM Logging, both of Wyoming with extensive experience in the uranium industry. Mr. Terrence Osier, PG, VP Exploration for Strathmore, was the supervising Geologist and oversaw the drilling activities and lithologic descriptions of the drilled cuttings which were sampled at 5-foot intervals. The drilling was completed on budget (US$275,000) and in a timely manner over a month’s time. The results of the exploration will be analyzed and assist in the layout of additional drill sites proposed for the Phase 2 drilling in autumn 2024.

New Claims Staked

In addition to exploration, the Company has expanded the project area by staking 18 new mining claims continuous to the current claim group, bringing the project total to 85 mining claims. The new claims cover ground where mineralization is anticipated to be on trend with recent and historical drilling. Strathmore plans to amend the drill permit following the Phase 1 drilling to include the new mining claims and anticipates exploration of the acquired ground in Phase 2 drilling later this year.

About the Agate Property

The Agate property consists of 85 wholly owned lode mining claims covering 1,756 acres. The uranium mineralization is contained in classic Wyoming-type roll fronts within the Eocene Wind River Formation, an arkosic-rich sandstone. Historically, 53 million pounds of uranium were mined in Shirley Basin, including from open-pit, underground, and the first commercial in-situ recovery operation in the USA during the 1960s. At the property, the uranium mineralization is shallow, from 20 to approximately 150 feet deep, much of which appears below the water table and likely amenable to in-situ recovery. Kerr McGee Corporation, the largest US uranium mining company at the time, drilled at least 650 holes across the project area in the 1970s, delineating several targets of potential mineralization.

About Strathmore Plus Uranium Corp. Strathmore is focused on discovering uranium deposits in Wyoming, and has three permitted uranium projects including Agate, Beaver Rim, and Night Owl. The Agate and Beaver Rim properties contain uranium in typical Wyoming-type roll front deposits based on historical drilling data. The Night Owl property is a former producing surface mine that was in production in the early 1960s.

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

Certain information contained in this press release constitutes “forward-looking information”, within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur”, “be achieved” or “has the potential to”. Forward looking statements contained in this press release may include statements regarding the future operating or financial performance of Strathmore Plus Uranium Corp. which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and Strathmore Plus Uranium Corp. disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

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 on behalf of the company by Terrence Osier, P.Geo., Vice President, Exploration of Strathmore Plus Uranium Corp., a Qualified Person.

Strathmore Plus Uranium Corp.

Contact Information:
Investor Relations
Telephone: 1 888 882 8177
Email: info@strathmoreplus.com

ON BEHALF OF THE BOARD
“Dev Randhawa”
Dev Randhawa, CEO

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/215737

Base Metals Energy Junior Mining

Chakana Provides Interim Update on Scout Drilling Program – Soledad Project, Peru

Post author By admin
Post date July 2, 2024

Highlights from Mega-Gold Scout Drilling Include:

Reporting three holes (1,041 m) from the eastern side of the Mega-Gold target area
Widespread alteration identified with quartz-sericite-pyrite overprinting chlorite alteration
Up to 15% pyrite encountered with traces of chalcopyrite and molybdenite in each hole
Narrow intervals of strong mineralization: 2 m of 1.8 gpt gold and 0.35% copper in MGDH24-002 from 89.0 m, and 1.5 m of 11.05 gpt gold in MGDH24-003 from 127.5 m
Persistent anomalous levels of gold noted in geochemical results
Abundant hydrothermal breccia encountered, cutting pre-mineral granodiorite
Late-mineral granodiorite identified with mineralized xenoliths
Assays pending for five additional holes completed in central and western parts of Mega-Gold target area and three holes at La Joya
Hyperspectral core scanning initiated on Mega-Gold and La Joya drill holes

Vancouver, British Columbia–(Newsfile Corp. – July 2, 2024) – Chakana Copper Corp. (TSXV: PERU) (OTCQB: CHKKF) (FSE: 1ZX) (the “Company” or “Chakana“), reports initial results from three scout drilling holes from the Mega-Gold target area within the southern half of the expanded Soledad project, Ancash, Peru. These results are part of the fully funded 3,000 m drill program that started April 5, 2024, to test three target types: 1) high-grade breccia-hosted mineralization at Estremadoyro (confirmed, see new release dated May 8, 2024); 2) porphyry-related mineralization in the Mega-Gold target area; and 3) precious metal mineralization at the La Joya high-sulfidation epithermal zone (Figure 1). In addition to the three holes reported here, five additional holes have been completed in the central and western part of the Mega-Gold target area for a total of 2,425.2 m drilled at Mega-Gold, and three holes have been completed at La Joya, totaling 465.5 m (assays pending). Results reported here are part of an option agreement with Minera Barrick Peru S.A. (see news release dated July 16, 2018).

“We are encouraged to see the extent of alteration indicating a large hydrothermal system in the drilling thus far in the Mega-Gold area defined by strong quartz-sericite-pyrite overprinting early chlorite alteration with abundant pyrite mineralization and frequent occurrences of chalcopyrite and molybdenite. The results in the first three holes are also important in demonstrating the extent of tourmaline alteration in veins, breccias and replacements. We view this as indicating the same event related to the high-grade tourmaline breccia pipes that are part of the initial resource we published in 2022 (see news release dated February 23, 2022). In addition, for the first time, we have seen a late-mineral intrusion containing mineralized xenoliths with quartz-tourmaline-chalcopyrite. Although we have not seen long intersections in these first three holes, we are encouraged by the strengthening grades over narrow intervals. Application of hyperspectral core scanning technology to all of the drill core will help us identify mineral zoning patterns important in locating mineralizing intrusions,” stated President and CEO David Kelley.

Initial Mega-Gold Scout Drilling

Chakana’s first three scout holes at Mega-Gold were drilled on the eastern side of the target area along a section trending north-south and northeast (Figure 2). MGDH24-001 was drilled to the northeast to a depth of 353.8 m. The hole targeted strong soil geochemistry responses up to 0.325 g/t gold and 54 ppm molybdenum. Volcanic rocks were intersected over the entire length, consisting of andesitic tuff and volcanic breccia, intruded by dikes of dacite porphyry. There is deep oxidation from the surface to 109.0 m depth, with development of supergene clay and the strong presence of iron oxides (goethite-limonite) in fractures and veinlets; partial oxidation is observed to 178.0 m depth. Fresh rocks below the zone of supergene alteration are sericite-quartz-pyrite (phyllic) altered that is overprinting earlier chlorite (propylitic) alteration to the end of the hole. The volcanic breccia hosts clasts of andesitic tuff with phyllic alteration and quartz fragments. In the phyllic alteration, pyrite occurs up to 15% as disseminations and veinlets and within pyrite-tourmaline, quartz-pyrite, and quartz-tourmaline-pyrite veins (Figure 4 A-C). Tourmaline is present up to 7% in structures as veinlets and replacement with quartz, pyrite and traces of chalcopyrite and molybdenite. Molybdenite occurs within sugary-textured quartz-pyrite veins from 180 m depth to the end of the hole interpreted as “B” veins, and chalcopyrite occurs within quartz-pyrite and quartz-tourmaline veins from 220 m depth to the end of the hole. Dikes of dacite porphyry show phyllic alteration with iron oxide veinlets in the oxidized zone, plus pyrite veinlets at depth with traces of molybdenite in fractures. Analytical results for this hole display anomalous low-level enrichment of gold, copper, and molybdenum, reaching values of 0.213 gpt, 411 ppm, and 74 ppm, respectively.

Hole MGDH24-002 was drilled to the south from the same platform as MGDH24-001 to a depth of 453.15 m. This hole targeted a magnetic body surrounded by strong induced polarization chargeability to the north and south. The hole cut a similar volcanic rock sequence as MGDH24-001, intruded by a narrow dacite porphyry dike at 62.45m depth, several hydrothermal breccias, and granodiorite at 225.8 depth. Oxidation from surface to 66 m depth is associated with moderate to intense argillic alteration with up to 20% iron oxides (goethite-limonite). The alteration transitions to quartz-sericite-pyrite beneath the zone of oxidation with pyrite reaching 10% as disseminations and in veins. Vein types include drusy quartz veins with pyrite and tourmaline, tourmaline-pyrite with traces of chalcopyrite and molybdenite, and magnetite veinlets. The dacite porphyry hosts pyrite up to 6% pyrite as disseminations and in veinlets, and iron oxides filling fractures when oxidized. The granodiorite exhibits chlorite alteration overprinted by quartz-sericite-tourmaline-pyrite in veins and zones of replacement with molybdenite and chalcopyrite. The granodiorite is cut by 105.1 m of tourmaline breccia with highly altered quartz-tourmaline-replaced granodiorite clasts with pyrite and traces of chalcopyrite and molybdenite. A late-mineral porphyritic granodiorite with mineralized xenoliths of quartz-tourmaline-chalcopyrite and disseminated chalcopyrite (up to 0.5%) intrudes the older granodiorite between 399.85 m and 409.05 m depth (Figure 3E). Trace chalcopyrite and molybdenite associated with quartz-tourmaline veinlets occurs to the end of the hole (Figure 3F). A 2.0 m interval from 89.0 m depth contains 1.8 gpt gold and 0.35% copper (Figure 3D). Excluding this zone, low-level enrichment of gold, copper, and molybdenum occurs, reaching values of 0.296 gpt, 1,480 ppm (0.148%), and 149.5 ppm, respectively.

Hole MGDH24-003 was drilled to the south from a platform 100 m south of MDGH24-001/002 where it was stopped prematurely at a depth of 234.1m in a fault zone. The hole was intended to drill beneath higher temperature advanced argillic alteration identified at surface by Terraspec analysis and a moderate strength chargeability response adjacent to a magnetic high. The surface alteration is characterized by silicified volcanic rocks with pyrophyllite, diaspore, zunyite, muscovite-sericite, and biotite (Figure 2). The hole intersected andesitic tuff and andesite from surface to 130.59 m depth. The andesitic tuff hosts iron oxides (goethite-limonite) up to 20% in fractures and veinlets whereas the andesite has rounded volcanic clasts with chlorite alteration overprinted by sericite-quartz-pyrite (phyllic) alteration and hosts pyrite up to 7% as disseminations and veinlets with quartz-tourmaline-anhydrite and traces of chalcopyrite. Pyrite veins with sericite halos are interpreted as “D” veins (Figure 3H). Three intervals of hydrothermal breccia were intersected between intervals of granodiorite. The breccias have quartz-tourmaline matrix and clasts of tuff and granodiorite. Magnetite occurs in clasts up to 3% and with quartz-tourmaline-pyrite veins with traces of chalcopyrite. A 1.5 m interval from 127.5 m depth contains 11.05 gpt gold that occurs at the contact between andesitic tuff, hydrothermal breccia and granodiorite associated with quartz-sericite-pyrite veining (Figure 3G). Sections of the breccia and granodiorite show evidence of acid leaching with cavities filled with tourmaline and pyrite. An interval of partially leached granodiorite from 185.45 m-197.75 m has elevated gold of 0.190 to 0.322 gpt. The hole was stopped prematurely at 234.1 m depth in hydrothermal breccia (Figure 3I) after cutting 40 m of broken rock with fault gauge, preventing the hole reaching its target depth of 400 m (Figure 2). It is possible this target is associated with proximal porphyry mineralization and is a high priority for the next phase of drilling.

The patterns of alteration and sulfide mineralization seen to date confirm a large hydrothermal system driven by intrusive activity. Key features include the extensive phyllic alteration, abundant disseminated pyrite and quartz-tourmaline-sulfide veins with subordinate chalcopyrite and molybdenite interpreted as pyrite halos, features that are common in porphyry systems. Strong copper-gold-silver mineralized tourmaline breccia pipes previously explored to the north, and those yet to be drilled at Compañero in the southwest, are believed to be part of the mineral system and also related to copper and gold-bearing porphyry intrusions. Understanding the low-level anomalous gold enrichment and alteration mineral assemblages at Mega-Gold are key to developing vectors to higher temperature zones where mineralized intrusions may occur.

Contract with Hyperspectral Intelligence Inc (HII)

Chakana has entered into a contract with Hyperspectral Intelligence Inc. (HII), based in Gibsons, Canada, to utilize the geoLOGr hyperspectral core scanning system. This collaboration involves using the geoLOGr to scan core samples from the current drilling program, as well as select drill holes from previous drilling activities. The geoLOGr is a cost-effective, portable, high-resolution, continuous core scanning technology designed to identify alteration minerals associated with various mineral deposit types. When systematically applied, the interpretation of geoLOGr results can reveal mineral zoning patterns that are important for exploration drilling campaigns.

Rick Rule Investment Symposium

Chakana is an invited participant to The Rule Symposium, July 7-11, 2024, in Boca Raton, Florida. Investors are encouraged to visit with management in the exhibit hall to learn more about the Soledad project and recent drill results.

Condor Resources Option Agreement

Chakana has an option agreement with Condor Resources on three claims (1,054 hectares) at the northern end of the expanded Soledad project, representing approximately 25% of the mineral rights Chakana controls. Under the terms of the agreement, Chakana was scheduled to complete a US$1,000,000 payment to Condor on June 23, 2024, to maintain its option, subject to a 90-day period to resolve any late payments. This payment has not yet been made and the companies are in active discussions on the matter.

About Chakana Copper

Chakana Copper Corp is a Canadian-based minerals exploration Company that is currently advancing the expanded Soledad Project located in the Ancash region of Peru, a highly favorable mining jurisdiction with supportive communities. The Soledad Project is notable for the high-grade copper-gold-silver mineralization that is hosted in tourmaline breccia pipes. An initial mineral resource estimate for seven breccia pipes was announced in Q1 2022 (see news release dated February 23, 2022), with an Inferred Resource of 4.8 million tonnes grading 0.72 g/t gold, 61 g/t silver and 0.97% copper assumed to be extractable by underground mining methods, plus an additional Inferred Resource of 1.9 million tonnes grading 1.29 g/t gold, 37.1 g/t silver and 0.65% copper assumed to be extractable by open pit mining methods. The total initial Inferred Resource contains 191,000 ounces of gold, 11.7 million ounces of silver, and 130 million pounds of copper.

In addition, extensive multidisciplinary exploration has defined 154 exploration targets, 28 of which have been tested to date (18%) by drilling, confirming that Soledad is a large, well-endowed mineral system with strong exploration upside. Chakana’s investors are well positioned as the Soledad Project provides exposure to copper and precious metals. For more information on the Soledad project, please visit the website at www.chakanacopper.com.

Results of an initial inferred mineral resource estimate and additional information concerning the Project, including a technical report prepared in accordance with National Instrument 43-101, are available on Chakana’s profile at www.sedar.com.

Sampling and Analytical Procedures

Chakana follows rigorous sampling and analytical protocols that meet or exceed industry standards. Core samples are stored in a secured area until transport in batches to the ALS facility in Callao, Lima, Peru. Sample batches include certified reference materials, blanks, and duplicate samples that are then processed under the control of ALS. All samples are analyzed using the ME-MS61 following a 4-acid digestion (ICP technique that provides a comprehensive multi-element overview of the rock geochemistry), while gold is analyzed by fire assay (AA24) on a 50g sample and GRA22 when values exceed 10 g/t by AA24. Over-limit silver, copper, lead and zinc are analyzed using the OG-46 procedure. Over-limit sulfur is determined by oxidation, induction furnace and infrared spectroscopy (S-IR08). Soil samples are analyzed by ME-MS61 following a 4-acid digestion and for gold by Fire Assay on a 30g sample (Au-ICP21).

Qualified Person

David Kelley, an officer and a director of Chakana, and a Qualified Person as defined by NI 43-101, reviewed and approved the technical information in this news release.

ON BEHALF OF THE BOARD
(signed) “David Kelley“
David Kelley
President and CEO

For further information contact:
Phone: 720-233-2166
Email: info@chakanacopper.com

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

Forward-looking Statement Advisory: This release may contain forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Chakana to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward looking statements or information relates to, among other things, the interpretation of the nature of the mineralization at the Soledad copper-gold-silver project (the “Project”), the potential to expand the mineralization, and to develop and grow a resource within the Project, the planning for further exploration work, the ability to de-risk the potential exploration targets, and our belief in the potential for mineralization within unexplored parts of the Project. These forward-looking statements are based on management’s current expectations and beliefs but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward- looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.

Figure 1 – Map showing defined targets by type for the expanded Soledad project. Principal target areas on the south side that are being drill tested in the current program include the Estremadoyro tourmaline breccia pipe, the Mega-Gold porphyry target area, and the La Joya high-sulfidation epithermal alteration zone. Breccia pipes included in the initial inferred resource estimate labeled in dark blue.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2172/215180_0b1e941de477cb8f_001full.jpg

Figure 2 – Plan view and section for Mega-Gold drilling to date. Plan view shows location of drill holes and section lines overlain on gold in soil. Section shows fence diagram for reported holes (MGHD24-001, MGDH24-002, and MGDH24-003) overlain on interpreted geology.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2172/215180_0b1e941de477cb8f_002full.jpg

Figure 3 – Select core photos from initial Mega-Gold scout holes reported in this release: A) MGDH24-001 (118.56m): lithic tuff with strong quartz-sericite-pyrite alteration; B) MGDH24-001 (154.4m): lithic tuff with pyrite veinlets; C) MGDH24-001 (228.85m): lithic tuff with sheeted quartz-pyrite-molybdenite veins; D) MGDH24-002 (88.65m-91.35m): contact between volcanic breccia and lithic tuff; quartz-sericite-pyrite veins and disseminated pyrite overprinting chlorite alteration; interval from 89-91m contains 1.8 gpt gold and 0.35% copper; E) MGDH24-002 (400.25m): late-mineral granodiorite with xenolith of quartz-tourmaline-chalcopyrite; F) MGDH24-002 (446.65m): granodiorite replaced by quartz-tourmaline cut by tourmaline-chalcopyrite vein; G) MGDH24-003 (126.65m-129.40m): andesite with strong quartz-pyrite-tourmaline alteration; interval from 127.5-129.0m contains 11.05 gpt gold; H) MGDH24-003 (125.6m): andesite cut by pyrite-sericite vein (D vein); I) MGDH24-003 (234.05m): clast-supported hydrothermal breccia; strongly leached matrix. Core diameter is 6.35cm (HQ) in all instances.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2172/215180_0b1e941de477cb8f_003full.jpg

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/215180

Base Metals Emx Royalty Energy Junior Mining Precious Metals Project Generators

EMX Royalty Announces That It Has Entered into Credit Agreement for a $35 Million Loan with Franco-Nevada Corporation

Post author By admin
Post date June 27, 2024

ancouver, British Columbia–(Newsfile Corp. – June 20, 2024) – EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (FSE: 6E9) (the “Company” or “EMX“) is pleased to announce it has entered into a credit agreement (the “Credit Agreement“) with a wholly-owned subsidiary (the “Lender“) of Franco-Nevada Corporation (NYSE: FNV) (TSX: FNV) (“Franco-Nevada“) to borrow $35 million (the “Loan“). The Company will use the proceeds of the Loan to repay the $34.66 million outstanding balance of the loan owed to Sprott Private Resource Lending II (Collector), LP (“Sprott“) and for general working capital purposes. The Company anticipates that the funding of the Loan will take place in July 2024.

The Company is pleased to further develop its working relationship with Franco-Nevada. In addition to the Loan arrangement, EMX and Franco-Nevada have jointly syndicated royalty purchases (e.g., Caserones) and are actively engaged in a joint venture seeking new royalty financing opportunities. Franco-Nevada is also a key EMX shareholder.

Credit Agreement – The Loan is structured as a $35 million senior secured term loan facility which matures on July 1, 2029. Interest is payable monthly at a rate equal to the three-month SOFR (i.e., Secured Overnight Financing Rate) plus the applicable margin based on the ratio of the Company’s net debt to adjusted EBITDA (see table below), adjusted quarterly.

Ratio of Net Debt / Adjusted EBITDA:	Applicable Interest Rate (per annum):
< 1.00:1	Term SOFR plus 300 basis points
>= 1.00:1 and <1.50:1	Term SOFR plus 325 basis points
>= 1.50:1 and <2.00:1	Term SOFR plus 350 basis points
>= 2.00:1 and <3.00:1	Term SOFR plus 375 basis points
>= 3.00:1	Term SOFR plus 425 basis points

On closing, the Company will pay a commitment fee equal to 1% of the principal amount of the Loan. During each year, up to $10 million of the Loan may be voluntarily prepaid without penalty, on a cumulative basis.

The Loan will be secured by a general security agreement over the assets of EMX and share pledges by certain of EMX’s subsidiaries, with the Lender retaining the ability, at any time, to designate certain material subsidiaries of the Company to be guarantors of the Loan and provide similar security. Certain covenants under the Credit Agreement, including restrictions on incurring indebtedness and encumbrances, shall apply to the Company and its subsidiaries. Closing and the advance of the Loan are subject to customary conditions precedent, including the delivery of the above-noted security.

All amounts referred to herein are to United States dollars.

About EMX – EMX is a precious and base metals royalty company. EMX’s investors are provided with discovery, development, and commodity price optionality, while limiting exposure to risks inherent to operating companies. The Company’s common shares are listed on the NYSE American Exchange and TSX Venture Exchange under the symbol “EMX”. Please see www.EMXroyalty.com for more information.

About Franco-Nevada – Franco-Nevada Corporation is the leading gold-focused royalty and streaming company with the most diversified portfolio of cash-flow producing assets. Its business model provides investors with gold price and exploration optionality while limiting exposure to cost inflation. Franco-Nevada is debt free and uses its free cash flow to expand its portfolio and pay dividends. It trades under the symbol “FNV” on both the Toronto and New York stock exchanges.

For further information contact:

David M. Cole
President and CEO
Phone: (303) 973-8585
Dave@EMXroyalty.com

Isabel Belger
Investor Relations
Phone: +49 178 4909039
IBelger@EMXroyalty.com

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

Forward-Looking Statements

This news release may contain “forward-looking statements” that reflect the Company’s current expectations and projections about its future results. These forward-looking statements may include statements regarding the expected timing for the closing of the Loan, the satisfaction of the conditions of closing of the Loan and the expected use of proceeds from the Loan, or other statements that are not statements of fact. When used in this news release, words such as “estimate,” “intend,” “expect,” “anticipate,” “will”, “believe”, “potential” and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company’s future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause the Company’s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and factors may include, but are not limited to the Company being unable to satisfy the conditions of closing of the Loan or being unable comply with the covenants under the Credit Agreement, including the repayment of any amounts owing under the Loan, and other factors.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, including the risks and uncertainties identified in this news release, and other risk factors and forward-looking statements listed in the Company’s MD&A for the quarter ended March 31, 2024 (the “MD&A”), and the most recently filed Annual Information Form (“AIF”) for the year ended December 31, 2023, actual events may differ materially from current expectations. More information about the Company, including the MD&A, the AIF and financial statements of the Company, is available on SEDAR+ at www.sedarplus.ca and on the SEC’s EDGAR website at www.sec.gov.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/213593

Base Metals Energy Junior Mining Precious Metals

Grizzly Targets the Motherlode Crown Grants in the Greenwood District Precious and Battery Metals Project, BC

Post author By admin
Post date June 27, 2024

Edmonton, Alberta–(Newsfile Corp. – June 25, 2024) – Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) (“Grizzly” or the “Company”) is pleased to provide some highlights of historical information on the Motherlode Crown Grants for which the Company entered a purchase agreement with First Majestic Silver Corp on June 12, 2024, host to the historical Motherlode, Sunset, Sunrise and Greyhound mines that, at various times during the early and middle 1900’s, produced copper (Cu), gold (Au) and silver (Ag) from both open pit and underground workings (Figures 1 & 2). The Motherlode Crown Grants comprise 13 Crown Grants for a total of 300 acres (121.4 ha) that all retain the subsurface mineral rights and date back to the late 1800’s when they were granted. The Crown Grants take precedence over normal mineral titles mineral claims. The Crown Grants cover a number of historical mines, including the Motherlode that produced 76,975,111 pounds of Cu, 173,319 ounces (oz) of Au and 688,203 oz of Ag during the active periods of mining from 1900 to 1920 and from 1957 to 1962. The Motherlode skarn mineralization is developed in Triassic Brooklyn Formation sediments (BC Minfile 082ESE034). The Motherlode Mine is road accessible approximately 2.5 km northwest of the town of Greenwood (Figure 1).

Highlights

Drilling in 1996 by Strathcona Mineral Services on behalf of YGC Resources intersected several zones of Cu-Au mineralization targeting the gold bearing halo to the Motherlode Skarn along the east side of the pit in the vicinity of the historical underground workings (Figures 2 and 3).
Drillhole 96-8 encountered gold in almost every sample including a weighted average grade of 0.23 grams per tonne (g/t) Au over the entire 154.23 m (506 ft) length drillhole with a number of higher grade zones in proper skarn towards the bottom of the hole (Figure 3).
The Main Motherlode skarn was intersected at the bottom of the drillhole and returned 2.5 g/t (0.073 oz per ton [opt]) over 4.88 m (16 ft) at the end of the drillhole from skarnified Brooklyn limestone, that is associated with a strong AeroTEM conductivity anomaly (Figure 2).
The drillhole collared in Brooklyn Sharpstone conglomerate and drilled through alternating skarn an altered diorites along the length of the drillhole, with the main zone at the end of the hole characterized by increased quartz-carbonate-chalcopyrite veining and volumetric chalcopyrite.
The hole was ended due to technical difficulties. Strathcona Mineral Services recommended follow-up drilling which has never been completed.
A drillhole completed on the Great Hopes Crown Grant in 1993 by Orvana Minerals intersected 3.30 g/t (0.096 opt) Au over 25 ft (7.62 m) near surface in faulted sediments beside the Greyhound fault zone with a core zone of 6.69 g/t (0.195 opt) Au over 10 ft (3.05 m) (Figure 2).
Follow-up drilling in 1996 was focused on IP chargeability anomalies and struggled with core recovery in the fault zone – so the zone intersected has not been properly follow-up tested.

Brian Testo, President and CEO of Grizzly Discoveries, stated, “We are excited to complete the acquisition of the historical Motherlode Crown Grants and the targets that they provide. We look forward to aggressive 2024 drilling at the Motherlode area and other high grade Au-Ag-Cu showings and historical mines along with additional exploration for battery metals in our current 170,000+ acre holdings in the Greenwood District.“

Figure 1: Land position and targets of interest for future exploration, Greenwood Project.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4488/214278_973f5d9534c88b70_002full.jpg

Figure 2: Motherlode Crown Grants, Historical Drilling and AeroTEM Survey Greenwood Project.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4488/214278_973f5d9534c88b70_003full.jpg

Figure 3: Motherlode Historical Drillhole ML96-8 Greenwood Project.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4488/214278_973f5d9534c88b70_004full.jpg

Summary of the Motherlode Crown Grant Purchase Terms

The Company will cover all costs related to the transfer of the Crown Grants from First Majestic to the Company.
As consideration, Grizzly will issue First Majestic 250,000 common shares of the Company (the “Compensation Shares”) upon closing of the transaction.
At closing, the Company will grant a 1% Net Smelter Return (NSR) Royalty on the Crown Grants to First Majestic and retains an option to purchase the NSR Royalty for $250,000 at any time.

The issuance of the Compensation Shares is subject to the acceptance of the TSX Venture Exchange.

The technical content of this news release and the Company’s technical disclosure has been reviewed and approved by Michael B. Dufresne, M. Sc., P. Geol., P.Geo., who is a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

ABOUT GRIZZLY DISCOVERIES INC.

Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange focused on developing its approximately 72,700 ha (approximately 180,000 acres) of precious and base metals properties in southeastern British Columbia. Grizzly is run by a highly experienced junior resource sector management team, who have a track record of advancing exploration projects from early exploration stage through to feasibility stage.

On behalf of the Board,

GRIZZLY DISCOVERIES INC.
Brian Testo, CEO, President

Suite 363-9768 170 Street NW
Edmonton, Alberta T5T 5L4

For further information, please visit our website at www.grizzlydiscoveries.com or contact:

Nancy Massicotte
Corporate Development
Tel: 604-507-3377
Email: nancy@grizzlydiscoveries.com

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.

Caution concerning forward-looking information

This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as “may,” “will,” “should,” “anticipate,” “plan,” “expect,” “believe,” “estimate,” “intend” and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Grizzly in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Grizzly’s actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.

Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available under the Company’s SEDAR+ profile at www.sedarplus.ca. Grizzly disclaims any obligation to update or revise any forward-looking information or statements except as may be required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/214278

Base Metals Emx Royalty Junior Mining Oil & Gas

EMX Royalty Announces the Appointment of Two New Members to the Board of Directors

Post author By admin
Post date April 29, 2024

Vancouver, British Columbia–(Newsfile Corp. – April 29, 2024) – EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (FSE: 6E9) (the “Company” or “EMX“) is pleased to announce the appointment of Mr. Dawson Brisco and Mr. Chris Wright as independent directors to the Board effective immediately.

Dawson Brisco

Mr. Brisco is a Professional Geologist with 20 years of mining industry and business development experience in a variety of roles in the bulk commodity, metals and energy sectors. Mr. Brisco is currently the President and CEO of Morien Resources Corp., a Canadian mining royalty company specialized in bulk commodities, a position he has held since 2018. Prior to joining Morien, Mr. Brisco held numerous senior business development and technical roles including senior manager of an exploration alliance with Xstrata in Asia from 2005 to 2010. Mr. Brisco is an independent Director of the Mining Association of Nova Scotia and holds an Honours Bachelor of Science degree in Geology from Saint Mary’s University in Halifax, Nova Scotia.

Chris Wright

Mr. Wright serves as Chief Executive Officer and Chairman of the Board of Liberty Energy. Mr. Wright is a dedicated humanitarian with a passion for bringing the benefits of energy to every community in the world. This passion has inspired a career in energy working not only in oil and gas but nuclear, solar, and geothermal. Mr. Wright embraces all sources of energy if they are abundant, affordable, and reliable.

Mr. Wright completed an undergraduate degree in Mechanical Engineering at MIT and graduate work in Electrical Engineering at both UC Berkeley and MIT. Mr. Wright founded Pinnacle Technologies and served as CEO from 1992 to 2006. Pinnacle created the hydraulic fracture mapping industry and its innovations helped launch commercial shale gas production in the late 1990s. Mr. Wright was Chairman of Stroud Energy, an early shale gas producer, before its sale to Range Resources in 2006. Additionally, Mr. Wright founded and served as Executive Chairman of Liberty Resources and Liberty Midstream Solutions until its sale in 2024. He also sits on the Board of Directors for Urban Solutions Group, and the Federal Reserve Bank, Denver Branch. In addition to his role at Liberty Energy, Mr. Wright serves on the board of numerous organizations and nonprofits, including a founding board member of the Bettering Human Lives Foundation.

About EMX – EMX is a precious, and base metals royalty company. EMX’s investors are provided with discovery, development, and commodity price optionality, while limiting exposure to risks inherent to operating companies. The Company’s common shares are listed on the NYSE American Exchange and TSX Venture Exchange under the symbol “EMX”. Please see www.EMXroyalty.com for more information.

For further information contact:

David M. Cole
President and CEO
Phone: (303) 973-8585
Dave@EMXroyalty.com

Scott Close
Director of Investor Relations
Phone: (303) 973-8585
SClose@EMXroyalty.com

Isabel Belger
Investor Relations (Europe)
Phone: +49 178 4909039
IBelger@EMXroyalty.com

Forward-Looking Statements

This news release may contain “forward looking statements” that reflect the Company’s current expectations and projections about its future results. These forward-looking statements may include statements regarding EMX’s normal course issuer bid, the Company’s pre-defined plan with its broker to allow for the repurchase of Shares and the timing, number and price of Shares that may be purchased under the normal course issuer bid, or other statements that are not statements of fact. When used in this news release, words such as “estimate,” “intend,” “expect,” “anticipate,” “will”, “believe”, “potential” and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company’s future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause the Company’s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and factors may include, but are not limited to the market price of the Shares being too high to ensure that purchases benefit the Company and its shareholders, and other factors.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, including the risks and uncertainties identified in this news release, and other risk factors and forward-looking statements listed in the Company’s MD&A for the year ended December 31, 2023 (the “MD&A”), and the most recently filed Annual Information Form (“AIF”) for the year ended December 31, 2023, actual events may differ materially from current expectations. More information about the Company, including the MD&A, the AIF and financial statements of the Company, is available on SEDAR+ at www.sedarplus.ca and on the SEC’s EDGAR website at www.sec.gov.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/206843

Base Metals Dolly Varden Silver Energy Exclusive Interviews Precious Metals

Dolly Varden Silver – 2024 Gold, Silver Drill Program

Post author By admin
Post date April 27, 2024

Joining us for a conversation is Rob Van Egmond, Vice-President of Exploration for Dolly Varden Silver, which has just announced another ambitious discovery and exploration drill program on the high-grade gold/silver Kitsault Valley Project located in the prolific Golden Triangle of British Columbia. Find out why Rick Rule, Eric Sprott, Fidelity, Fury Gold Mines, Hecla Mining, Sprott USA, Delbrook and high-net worth investors are long-term shareholders in Dolly Varden Silver!

Website: https://provenandprobable.com/
Share this interview: https://youtu.be/SEV6TZHzzDQ
Website: https://dollyvardensilver.com/
Corporate Deck: https://dollyvardensilver.com/presentation/

Youtube

Rumble

Base Metals Energy Junior Mining

Ranked: The Top 10 EV Battery Manufacturers in 2023

Post author By admin
Post date April 24, 2024

The Top 10 EV Battery Manufacturers in 2023

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Despite efforts from the U.S. and EU to secure local domestic supply, all major EV battery manufacturers remain based in Asia.

In this graphic we rank the top 10 EV battery manufacturers by total battery deployment (measured in megawatt-hours) in 2023. The data is from EV Volumes.

Chinese Dominance

Contemporary Amperex Technology Co. Limited (CATL) has swiftly risen in less than a decade to claim the title of the largest global battery group.

The Chinese company now has a 34% share of the market and supplies batteries to a range of made-in-China vehicles, including the Tesla Model Y, SAIC’s MG4/Mulan, and Li Auto models.

Company	Country	2023 Production (megawatt-hour)	Share of Total Production
CATL	China	242,700	34%
BYD	China	115,917	16%
LG Energy Solution	Korea	108,487	15%
Panasonic	Japan	56,560	8%
SK On	Korea	40,711	6%
Samsung SDI	Korea	35,703	5%
CALB	China	23,493	3%
Farasis Energy	China	16,527	2%
Envision AESC	China	8,342	1%
Sunwoda	China	6,979	1%
Other	–	56,040	8%

In 2023, BYD surpassed LG Energy Solution to claim second place. This was driven by demand from its own models and growth in third-party deals, including providing batteries for the made-in-Germany Tesla Model Y, Toyota bZ3, Changan UNI-V, Venucia V-Online, as well as several Haval and FAW models.

The top three battery makers (CATL, BYD, LG) collectively account for two-thirds (66%) of total battery deployment.

Once a leader in the EV battery business, Panasonic now holds the fourth position with an 8% market share, down from 9% last year. With its main client, Tesla, now effectively sourcing batteries from multiple suppliers, the Japanese battery maker seems to be losing its competitive edge in the industry.

Overall, the global EV battery market size is projected to grow from $49 billion in 2022 to $98 billion by 2029, according to Fortune Business Insights.

Source: https://elements.visualcapitalist.com/ranked-the-top-10-ev-battery-manufacturers-in-2023/

Base Metals Energy Junior Mining

F3 Uranium to Present at the OTC Metals & Mining Virtual Investor Conference on April 30th

Post author By admin
Post date April 24, 2024

KELOWNA, British Columbia, April 24, 2024 (GLOBE NEWSWIRE) — F3 Uranium Corp (TSV: FUU) (OTCQB: FUUFF) (“F3” or “the Company”) is pleased to announce that Mr. Raymond Ashley, President, P.Geo. will be presenting at the OTC virtual conference on April 30, 2024 @ 11:00AM EST. Ray will be discussing the new targets that the PLN winter drilling has generated for the upcoming summer drill program along the A1 and B1 shear zones, as well as the planned F4 spin-out. F3 wishes to invite individual and institutional investors, as well as advisors and analysts, to attend online at VirtualInvestorConferences.com.

DATE: April 30, 2024
TIME: 11:00 AM EST
LINK: https://bit.ly/3ISIVUN

Available for 1×1 meetings: May 2

Learn more about the event at www.virtualinvestorconferences.com.

About F3 Uranium Corp.

F3 Uranium is a uranium project generator and exploration company, focusing on projects in the Athabasca Basin, home to some of the world’s largest high grade uranium discovery. F3 Uranium currently has 20 projects in the Athabasca Basin. Several of F3’s projects are near large uranium discoveries including Triple R, Arrow and Hurricane.

About Patterson Lake North:

The Company’s 4,074-hectare 100% owned Patterson Lake North property (PLN) is located just within the south-western edge of the Athabasca Basin in proximity to Fission Uranium’s Triple R and NexGen Energy’s Arrow high-grade world class uranium deposits which is poised to become the next major area of development for new uranium operations in northern Saskatchewan. PLN is accessed by Provincial Highway 955, which transects the property, and the new JR Zone uranium discovery is located 23km northwest of Fission Uranium’s Triple R deposit. The PLN property is part of the PLN Project which also includes the Minto and Broach properties.

Forward Looking Statements

This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding the suitability of the Properties for mining exploration, future payments, issuance of shares and work commitment funds, entry into of a definitive option agreement respecting the Properties, are “forward-looking statements.” These forward-looking statements reflect the expectations or beliefs of the management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

The TSX Venture Exchange and the Canadian Securities Exchange have not reviewed, approved or disapproved the contents of this press release, and do not accept responsibility for the adequacy or accuracy of this release.

F3 Uranium Corp.
750-1620 Dickson Avenue
Kelowna, BC V1Y9Y2

Contact Information
Investor Relations
Telephone: 778 484 8030
Email: ir@f3uranium.com

ON BEHALF OF THE BOARD
“Dev Randhawa”
Dev Randhawa, CEO

Base Metals Dolly Varden Silver Energy Junior Mining Precious Metals Uncategorized

Dolly Varden Silver Outlines 2024 Resource Expansion and Discovery-Focused Exploration Drill Program

Post author By admin
Post date April 23, 2024

Vancouver, British Columbia–(Newsfile Corp. – April 23, 2024) – Dolly Varden Silver Corporation (TSXV: DV) (OTCQX: DOLLF) (the “Company” or “Dolly Varden“) is pleased to announce plans for the 2024 exploration drilling program at its 100% owned Kitsault Valley Project. An initial 25,000 meters of diamond drilling is planned, starting with three drills. The focus will be on following up on new discoveries as well as stepping out from wide, higher-grade intercepts from the 2023 drilling, particularly at the Homestake Silver and Wolf deposits. Mobilization will be in the first week of May, allowing for an earlier start on exploration than previous years due to a low snowpacks.

The drill program will be split approximately 50/50 between the Dolly Varden Property and the Homestake Ridge Property, with an overall project split of 1/3 to Homestake Silver deposit area, 1/3 to Wolf deposit area and 1/3 to project wide exploration targets with new discovery potential.

“Our drill results from Homestake Silver were among the highest-grade gold and silver intercepts anywhere in the Golden Triangle in 2023; our priority with this early start is to continue with step-outs as well as infill drilling to confirm continuity of the potentially bulk-mineable mineralization. Further south, silver mineralization at Wolf remains wide open for expansion and this seasons’ introduction of directional drilling technology will allow for highly accurate placement of drill intercepts,” said Shawn Khunkhun, CEO of Dolly Varden Silver.

Figure 1. Targets for the 2024 Exploration program along Dolly Varden’s Kitsault Valley Trend

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1728/206500_0f180e52946a1ace_002full.jpg

Wolf Vein

At the Wolf Vein, drilling is planned to delineate the width and extent of the southerly plunge of wider and higher-grade silver mineralization. Step out holes that define the trace of the plunge are spaced so that any new mineralization can be included in a future resource update. The Company will implement directional drilling technology with the objective of more cost effective and accurate exploration at Wolf, particularly for deep holes.

Wolf Vein remains open to depth where results from 2023 drilling indicate an increase in base metal (lead and zinc) content as well as wider epithermal breccia vein silver mineralization, such as previous released step-out drill hole DV23-375, that intersected 296 g/t silver, 1.68% Pb and 3.01%Zn (461 g/t AgEq*) over 26.99 meters, including 1,475g/t Ag, 10.65% Pb and 12% Zn (2,260 g/t AgEq*) over 0.50 meter from an 81-metre step-out (from previous release: November 6, 2023).

Figure 2. Previously released result highlights (2022 and 2023) on Wolf Vein long section looking northwest showing open zones for follow up and trace of wider, higher-grade plunge as black line.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1728/206500_0f180e52946a1ace_003full.jpg

*AuEq and AgEq are calculated using two precious metal components at $US1650/oz Au, $US20/oz Ag, $US0.90/lb Pb and $US1.10/lb Zn. Assays are not capped and 100% recovery used for Ag and Au and base metals.
**Estimated true widths vary depending on intersection angles and range from 50% to 85% of core lengths, further modelling of the new interpretation is needed before true widths can be calculated.

Homestake Silver

The program planned for Homestake Silver will start with follow up drilling on the newly discovered gold zone at the northern extent of deposit, where coarse-grained native gold in late-stage quartz-carbonate veins (Figure 3.) returned grades of 1,335 g/t Au and 781 g/t Ag over 0.68 meters within a wider interval of stockwork grading 79.49 g/t Au and 60 g/t Ag over 12.45 meters in drill hole HR23-389 (from previous release: February 12, 2024). Data from oriented core drilling indicates these quartz-carbonate veins are geologically younger and crosscut the Homestake trend at a low angle.

Figure 3. Visible Gold in quartz carbonate vein from drillhole HR23-389 at 410.00m depth.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1728/206500_0f180e52946a1ace_004full.jpg

The second part of Homestake Silver drilling will be resource expansion and upgrade holes that target the low angle, north dipping plunge of wide and high-grade gold and silver mineralization encountered in 2023 (Figure 4.). The mineralized plunge orientation at Homestake Silver was initially recognized in 2023 with results such as previously reported drill hole HR23-416, that intercepted the newly defined mineralized envelope returned a 93.95 meter wide zone grading 1.74 g/t Au and 213 g/t Ag (357 g/t AgEq) which included several distinct breccia vein intervals grading 11.80 g/t Au and 1,824 g/t Ag (2,802 g/t AgEq) over 9.16 meters length, 13.16 g/t Au and 3,085 g/t Ag (4,176 g/t AgEq) over 2.26 meters and 55.40 g/t Au and 4,830 g/t Ag (9,422 g/t AgEq) over 1.02 meters (previous release: January 16, 2024).

Figure 4. Homestake Ridge Long section looking southwest showing previous results of wide, highr grade plunge and new gold zone at Homestake Silver with 2024 target areas.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1728/206500_0f180e52946a1ace_005full.jpg

*AuEq and AgEq are calculated using two precious metal components at $US1650/oz Au, $US20/oz Ag, Assays are not capped and 100% recovery used for Ag and Au.
**Estimated true widths vary depending on intersection angles and range from 50% to 85% of core lengths, further modelling of the new interpretation is needed before true widths can be calculated

Exploration Targets including Moose Vein

The Moose Vein is located 1.5 km up north of the Wolf Vein and is interpreted to be hosted within a similar cross cutting structure as Wolf. In 2023, drill hole DV23-371 from the Moose vein intercepted veining and mineralization similar to that seen at Wolf that graded 712 g/t Ag over 1.00 meter within a 7.55-metre-length interval averaging 269 g/t Ag (from previous release: November 6, 2024). This mineralization will be followed up by targeting down the same plunge trend as defined at Wolf.

Other Exploration targets on both the Homestake Ridge and Dolly Varden properties include targets within the 5.4 km long area between the southern end of Homestake Silver and Wolf Vein, under the mid-valley sedimentary cap rocks. Additionally, geophysical targets west of the Homestake Main deposit will be tested, within a parallel basin bounding structures similar to those hosting the Homestake Main and Homestake Silver deposits.

Other studies on road access, advanced metallurgy, wildlife, and baseline environmental monitoring as well as field mapping in underexplored areas of the property will be completed.

Quality Assurance and Quality Control

The Company adheres to CIM Best Practices Guidelines for exploration related activities conducted on its property. Quality Assurance and Quality Control (QA/QC) procedures are overseen by the Qualified Person.

Dolly Varden QA/QC protocols are maintained through the insertion of certified reference material (standards), blanks and field duplicates within the sample stream. Drill core is cut in-half with a diamond saw, with one-half placed in sealed bags and shipped to the laboratory and the other half retained on site. Third party laboratory checks on 5% of the samples are carried out as well. Chain of custody is maintained from the drill to the submittal into the laboratory preparation facility.

Analytical testing was performed by ALS Canada Ltd. in North Vancouver, British Columbia. The entire sample is crushed to 70% minus 2mm (10 mesh), of which a 500 gram split is pulverized to minus 200 mesh. Multi-element analyses were determined by Inductively Coupled Plasma Mass Spectrometry (ICP-MS) for 48 elements following a 4-acid digestion process. High grade silver testing was determined by Fire Assay with either an atomic absorption, or a gravimetric finish, depending on grade range. Au is also determined by fire assay on a 30g split with either atomic absorption, or gravimetric finish, depending on grade range. Metallic screen on a 1.0kg sample may be completed on high-grade gold samples.

Qualified Person

Rob van Egmond, P.Geo., Vice-President Exploration for Dolly Varden Silver, the “Qualified Person” as defined by NI43-101 has reviewed, validated and approved the scientific and technical information contained in this news release and supervises the ongoing exploration program at the Dolly Varden Project.

About Dolly Varden Silver Corporation

Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its 100% held Kitsault Valley Project (which combines the Dolly Varden Project and the Homestake Ridge Project) located in the Golden Triangle of British Columbia, Canada, 25kms by road to tide water. The 163 sq. km. project hosts the high-grade silver and gold resources of Dolly Varden and Homestake Ridge along with the past producing Dolly Varden and Torbrit silver mines. It is considered to be prospective for hosting further precious metal deposits, being on the same structural and stratigraphic belts that host numerous other, on-trend, high-grade deposits, such as Eskay Creek and Brucejack. The Kitsault Valley Project also contains the Big Bulk property which is prospective for porphyry and skarn style copper and gold mineralization, similar to other such deposits in the region (Red Mountain, KSM, Red Chris).

Forward Looking Statements

This release may contain forward-looking statements or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including, without limitation, statements containing the words “believe”, “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “potential”, and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Dolly Varden to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward looking statements or information in this release relates to, among other things, the 2022 drill program at the Kitsault Valley Project, the results of previous field work and programs and the continued operations of the current exploration program, interpretation of the nature of the mineralization at the project and that that the mineralization on the project is similar to Eskay and Brucejack, results of the mineral resource estimate on the project, the potential to grow the project, the potential to expand the mineralization and our beliefs about the unexplored portion of the property.

These forward-looking statements are based on management’s current expectations and beliefs and assume, among other things, the ability of the Company to successfully pursue its current development plans, that future sources of funding will be available to the company, that relevant commodity prices will remain at levels that are economically viable for the Company and that the Company will receive relevant permits in a timely manner in order to enable its operations, but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.

For additional information on risks and uncertainties, see the Company’s most recently filed annual management discussion & analysis (“MD&A“) and management information circular dated January 21, 2022 (the “Circular“), both of which are available on SEDAR at www.sedar.com. The risk factors identified in the MD&A and the Circular are not intended to represent a complete list of factors that could affect the Company.

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

For further information: Shawn Khunkhun, CEO & Director, 1-604-609-5137, www.dollyvardensilver.com;

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/206500

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Category: Base Metals

Civil War 2.0

Strathmore Triples Length of Mineralized Trend at Agate

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EMX Royalty Announces That It Has Entered into Credit Agreement for a $35 Million Loan with Franco-Nevada Corporation

Grizzly Targets the Motherlode Crown Grants in the Greenwood District Precious and Battery Metals Project, BC

EMX Royalty Announces the Appointment of Two New Members to the Board of Directors

Dolly Varden Silver – 2024 Gold, Silver Drill Program

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Chinese Dominance

F3 Uranium to Present at the OTC Metals & Mining Virtual Investor Conference on April 30th

Dolly Varden Silver Outlines 2024 Resource Expansion and Discovery-Focused Exploration Drill Program

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Chinese Dominance

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