Rover Metals is raising a $1.5MM NBPP for winter drilling at the Bonanza Gold Grade “Arrow Zone”, Cabin Gold Project, NT, Canada. The book is at $550K. First closing next week.
The ice drill pads out over Cabin Lake have been built, and are ready to go. The Arrow Zone is the same Zone that Rover drilled 32m of 13.6 g/t Au (11th best drill hole of 2020 – all Canadian miners). We are now doing follow up drilling, down dip, at a depth of below 60m (under the lake). The use of proceeds also includes Phase 1 Exploration at our new Tobin Gold Project, NV, USA.
Eligible investors can download the NEW investor presentation here.
VANCOUVER, British Columbia, Feb. 24, 2022 (GLOBE NEWSWIRE) — Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FRA:4XO) (“Rover” or the “Company”) is pleased to announce its acquisition of the Tobin Gold Project situated in the Mt. Tobin range, in northern Nevada. The Tobin Project is located 77 km by road south of the city of Winnemucca, NV, and is in the heart of a rich gold jurisdiction that has seen major consolidation in the past 24 months.
Tobin Gold Project Rover has acquired a 100% interest in the Tobin Gold Project (“Tobin”) which is comprised of 68 claims within BLM land, for a total of 1,405 acres (or 569 hectares). Tobin is a Carlin-style gold system set in Mesozoic rocks. The project is located about 40 km from the operating Phoenix Gold Mine, which is owned by Nevada Gold Mines, a joint venture between Newmont and Barrick. Tobin is also located about 60 km from i-80 Gold’s Lone Tree Gold Mine, 50 kms from SSR’s Marigold Mine and is in close proximity to other proven gold deposits owned by i-80 Gold, SSR Mining, and Kinross. See property map below for more details.
The property sits in the historical Mt. Tobin mercury district within an area of widespread silicification and banded chalcedony veins over an area of several square kilometers. Both structural and stratabound jasperoids are present in the adjoining Triassic and Paleozoic carbonate and fine-grained clastic sediments along the range-front structure as well as higher in the range. The prospect area was identified during a BLEG stream sediment sampling program. Follow up rock chip sampling along and above the range front confirmed that there are multiple structures carrying mineralization. Gold values run as high as 2.3 g/t Au, with many samples having gold content between 200 ppb Au and 1000 ppb Au. Pathfinder elements run as high as 200 ppm Sb, 1100 ppm As and 29 ppm Hg. Mineralization at the Tobin Project appears to be localized along two subparallel trends. The first is the range-front fault, and the second is structural zone located several tens of meters above the valley that trends somewhat obliquely to the range-front. To date, the better mineralized rocks were largely collected from this second structure located higher on the mountain front.
Judson Culter, CEO at Rover Metals, states, “The Tobin Gold Project is our first reverse circulation (“RC”) drilling project in our first low-cost exploration jurisdiction. Our portfolio of gold projects is now complete. We now have the perfect summer/fall project in Tobin, to offset our northern Canadian gold projects, which are typically best explored in the winter months.”
About Rover Metals Rover is a precious metals exploration company specialized in North American precious metal resources, that is currently advancing the gold potential of its existing projects in the Northwest Territories of Canada (60th parallel). The Company completed Phase 2 Exploration at its 100% owned Cabin Gold Project (“Cabin”) in 2021. The Company’s secondary asset, the Up Town Gold Project (for which it retains a 25% ownership interest), also saw the completion of Phase 2 Exploration Drilling in Q4-2021, and the results are expected in Q1-2022. The Company anticipates commencing its Phase 3 Exploration Program at Cabin in March of this year.
ON BEHALF OF THE BOARD OF DIRECTORS “Judson Culter” Chief Executive Officer and Director
For further information, please contact: Email: info@rovermetals.com Phone: +1 (778) 754-2617
Statement Regarding Forward-Looking Information This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Rover’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur. There can be no assurance that such statements prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Rover’s expectations. Rover undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS 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 THE COMPANY 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 PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.
Apex El Nido gold project, southeast Alaska (Coeur Explorations, 1,500 meters under consideration).
Batamote copper project, Sonora Mexico (Mine Discovery Fund earning in, preliminary planning in progress).
El Picacho gold project, Sonora Mexico (Tocvan Ventures, preliminary planning in progress).
Nikolai project; new nickel – copper – cobalt – chrome – platinum project generated, Alaska. (100% Millrock, surface exploration to be completed).
Chisna copper–gold porphyry project, central Alaska (100% Millrock, surface exploration to be completed).
ArcWest Exploration expects to see drilling on as many as three projects (Millrock owns ~11.7% of the issued and outstanding ArcWest shares).
VANCOUVER, British Columbia, Feb. 24, 2022 (GLOBE NEWSWIRE) — Millrock Resources Inc. (TSX-V: MRO, OTCQB: MLRKF) (“Millrock” or the “Company”) reports that it anticipates a busy year of partner-funded drilling and surface exploration on projects in which it holds an interest (either directly or through stock holdings and royalties).
Millrock President and CEO Gregory Beischer commented: “Millrock is looking forward to a very active upcoming year with numerous catalysts that could serve to drive the company’s share price upwards. Our shareholdings in other junior exploration companies have the potential to significantly increase in value in 2022.”
Treasure Creek: Felix Gold has outlined several high-priority drill targets and the company indicates they intend to begin drilling in March 2022. The Northwest Array and Eastgate prospects look particularly encouraging. The property is west of the Fort Knox gold mine operated by Kinross, and the recent gold discovery made by Freegold Ventures. Millrock has transferred ownership of the project to Felix Gold in return for shares and a production royalty with an advanced minimum royalty stream. Further details on Treasure Creek and other projects sold to Felix Gold are available in a Felix Gold presentation that can be accessed at this link.
Ester Grant: Felix Gold calculated a maiden resource for the Grant Mine claim block, which forms part of the project. Felix reported that they have calculated an Inferred Mineral Resource estimate (JORC 2012) for Grant Mine of 5.8 million tonnes @ 1.95 g/t Au for 364,000 ounces of gold (note: the Millrock Qualified Person has not independently verified the reported resource, Source: INDEPENDENT GEOLOGIST’S REPORTS ON FELIX GOLD LIMITED’S MINERAL EXPLORATION PROJECTS IN ALASKA, Prepared by Independent Geologist Mr. Ian Taylor of Mining Associates Pty Ltd., October 15, 2021). Felix indicates that drilling is planned for the Grant Mine in Summer 2022. Millrock has transferred ownership of the project to Felix Gold in return for shares and a production royalty with an advanced minimum royalty stream.
Fairbanks District: Millrock is in a strategic alliance with Felix Gold. Mineral rights that have been, or may be secured by Felix or Millrock in the future, become subject to a royalty in favour of Millrock. The claims currently subject to the alliance are situated near Kinross’ Fort Knox gold mine and the recent discovery made by Freegold. Felix indicates that drilling is planned for Summer 2022.
Liberty Bell: Felix Gold has indicated it will drill holes through areas covered by gravel deposits. The gravel ranges from 10 meters to perhaps 100 meters in thickness and obscures interesting geophysical targets. Millrock has transferred ownership of the project to Felix Gold in return for shares and a production royalty with an advanced minimum royalty stream. A description of the project is available on Millrock’s website here.
64North: Partner Resolution Minerals is earning into the project through exploration expenditures, cash payments, and share payments to Millrock. Resolution presently has vested with a 42% interest and must soon decide to advance the project further or form a joint venture as a minority partner Resolution has developed a compelling series of drill targets at the Tourmaline Ridge prospect on the West Pogo block of claims. These claims are situated west of the Pogo Mine, a gold mine operated by Northern Star Resources. Resolution is making plans to execute a drill program in Summer 2022. Further information on the project can be found on the Resolution Minerals website.
Apex El Nido: Partner Coeur Explorations funded an extensive soil and rock sampling program in 2021, in which some strong gold results were obtained from the soil sampling. The work traced the known gold-bearing vein system more than one kilometer from the old mine workings. Coeur is contemplating a summer 2022 drill program. A description of the project is available on Millrock’s website here.
Nikolai Project: Millrock has recently acquired mineral rights that cover some thick, historic drill intersections of nickel – copper – cobalt – chrome – platinum group element mineralization. Millrock believes there is continuity between the drill intersections and that a large, albeit low-grade metal resource could be delineated with a modest drill program. At other locations on the property, there are some exceptionally high grades of similar mineralization that are also enriched in the more rare and valuable platinum group elements such as osmium and rhodium. The project is described in more detail in this prior Millrock press release, and on the Millrock website. Further to the news release dated February 14, 2022, the Company reports 1,000,000 common shares have been issued in connection with the Canwell claim block (43 claims, not 42 as reported in the February 14, 2022 press release), pursuant to an agreement dated February 14, 2022, between David Johnson and Millrock. The Canwell claim block and surrounding area of interest is subject to a 3.0% Net Smelter Returns production royalty. Millrock can reduce the royalty to 2.0% by paying US$2.0 million. Millrock also has the option to further reduce the royalty to 1.0% by paying an additional US$3.0 million and to 0.0% by paying an additional US$4.0 million.
Chisna Project: Millrock has steadily been advancing this district-scale porphyry copper-gold project and owns a 100% interest in several claim blocks. Capitalizing on a proprietary ZTEM – MAG geophysical survey, the company has collected geochemical data over interesting geophysical anomalies. The next step is drilling. Millrock has been talking to several potential earn-in partners. A project description is available here.
British Columbia Update
Millrock has sold its four British Columbia projects to ArcWest Exploration. As a result, Millrock has a significant shareholding in the company (9,623,417 shares or 11.7% of the issued and outstanding shares). ArcWest is also a “project generator” company and has numerous projects throughout British Columbia that have earn-in partners. ArcWest anticipates that drilling will occur on at least three of the projects it holds. Any drill success should result in an increase in the value of ArcWest shares held my Millrock, which in turn should result in an increase in Millrock’s share price. Further details about ArcWest can be viewed on their website.
Batamote Project: Millrock made an option agreement with a subsidiary of Mine Discovery Fund (“MDF”), a private Australian company. The earn-in company is called Latin America Copper. MDF plans to make Latin America Copper a public company. Millrock is to receive cash and share payments as Latin America Copper earns in, with an advance minimum royalty stream to follow. The company has indicated that it wishes to drill the property in 2022. A project description can be viewed here.
El Picacho Project: Millrock was able to renew an option agreement with the underlying property owners. Millrock assigned its rights to Tocvan Ventures. As a result, Millrock now holds a production royalty with an advanced minimum royalty stream provision.
Grant of Stock Options The Board of Directors of Millrock has authorized a grant of 3,175,000 stock options to employees, executives and directors of the company. The options are to be granted with a strike price equal to the closing market price of Millrock shares on February 24, 2022, and will have a five-year term.
Qualified Person The scientific and technical information disclosed within this document has been prepared, reviewed, and approved by Gregory A. Beischer, President, CEO, and a director of Millrock Resources. Mr. Beischer is a qualified person as defined in NI 43-101.
About Millrock Resources Inc. Millrock Resources Inc. is a premier project generator to the mining industry. Millrock identifies, packages, and operates large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the usual financial risk taken on by most exploration companies. The company is recognized as the premier generative explorer in Alaska, holds royalty interests in British Columbia, Canada, and Sonora State, Mexico, is a significant shareholder of junior explorer ArcWest Exploration Inc., Resolution Minerals and Felix Gold. Funding for drilling at Millrock’s exploration projects is primarily provided by its joint venture partners. Business partners of Millrock have included some of the leading names in the mining industry: EMX Royalty, Coeur Explorations, Centerra Gold, First Quantum, Teck, Kinross, Vale, Inmet and Altius, as well as junior explorers Resolution, Riverside, PolarX, Felix Gold and Tocvan.
ON BEHALF OF THE BOARD “Gregory Beischer” Gregory Beischer, President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT: Melanee Henderson, Investor Relations Toll-Free: 877-217-8978 | Local: 604-638-3164 Twitter | Facebook | LinkedIn
Some statements in this news release may contain forward-looking information (within the meaning of Canadian securities legislation) including without limitation the intention to form joint ventures and to perform further exploration including drilling. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements.
North Vancouver, British Columbia–(Newsfile Corp. – February 23, 2022) – Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (“Lion One” or the “Company”) is very pleased to announce additional results from its recently completed Phase 1 infill drill program on the Zone 2 portion of the Tuvatu high-grade alkaline Au deposit located on the island of Viti Levu in Fiji. The infill program began in June, 2021 and was completed last week with the termination of hole TUDDH576, bringing the total drilled to 7475.2m and total drill core resampled to 955.4m, for a program total of 8430.6m.
–7475m of drilling completed in 42 holes and 955m of resampling of 28 historic drillholes as part of Phase 1 infill program
Top Intercepts from Latest Infill Drilling Include
77.11 g/t Au over 3.90m from 30.8-34.7m, inc. 162.22 g/t Au over 1.8m from TUDDH 571 12.56 g/t Au over 7.80m from 87.1-94.9m, inc. 54.43 g/t Auover 1.2m from TUDDH 572 16.08 g/t Au over 7.80m from 30.1-37.9m, inc. 62.22 g/t Au over 1.8m from TUDDH 573 15.10 g/t Au over 3.60m from 121.1-124.7m, inc. 95.06 g/t Au over 0.3m from TUDDH 575
Infill Drilling Program
The consistent bonanza-grade results from many of the drill holes that are part of the Phase 1 infill drill program continue to suggest higher-than-expected continuity of high-grade mineralization as well as higher absolute grades between modelled lodes (Figure 1, Table 1). Analysis of historic drill core material to eliminate sample gaps in areas where the current resource model lacked adequate data density has also yielded positive results, and in several instances, gold grades well above the resource average (Table 2). These factors should result in additional ounces in the portion of the deposit earmarked for earliest production. The re-modelling of Zone 2 lodes will begin as soon as all new data has been received and compiled and all holes have been properly surveyed.
The next (Phase 2) infill program planned for ~5000m of diamond drilling from surface and ~2500m of grade control diamond drilling from underground is aimed at upgrading the resource database in Zone 5 which is scheduled for production within the initial 3 years of operation. This second infill drill program began February 17, 2022 with drill hole TUDDH577, and is expected to require 5-6 months of drilling using three rigs (two from surface and one from underground) to complete.
Highlights from Latest Phase 1 Infill Drilling Results
TUDDH570
16.13 g/t Au over 0.5m from 132.1-132.6m
39.36 g/t Au over 0.3m from 142.0-142.3m
8.99 g/t Au over 3.6m from 154.0-157.6m, including
11.79 g/t Au over 0.9m from 155.2-156.1m,
30.28 g/t Au over 0.6m from 157.0-157.6m,
TUDDH571
77.11 g/t Au over 3.90m from 30.8-34.7m, including
162.22 g/t Au over 1.8m from 30.8-32.6m, which includes
179.0 g/t Au over 0.3m from 30.8-31.1, and
61.86 g/t Au over 0.3m from 31.1-31.4m, and
210.3 g/t Au over 0.3m from 31.4-31.7m, and
190.0 g/t Au over 0.3m from 31.7-32.0m, and
261.0 g/t Au over 0.3m from 32.0-32.3m, and
71.13 g/t Au over 0.3m from 32.3-32.6m, and including
16.96 g/t Au over 0.3m from 34.4-34.7m
TUDDH572
12.56 g/t Au over 7.80m from 87.1-94.9m, including
54.43 g/t Au over 1.2m from 87.1-88.3m, which includes
19.67 g/t Au over 0.3m from 87.1-87.4m, and also includes
196.0g/t Au over 0.3m from 88.0-88.3m, and also includes
16.04 g/t Au over 1.5m from 89.8-91.3m, which includes
34.92 g/t Au over 0.6m from 89.8-90.4m
26.19 g/t Au over 0.6m from 105.1-105.7m, including
21.39 g/t Au over 0.3m from 105.1-105.4m, and
30.97 g/t au over 0.3m from 105.4-105.7m
TUDDH573
9.98 g/t Au over 1.60m from 27.5-29.1m, including
16.54 g/t Au over 0.9m from 27.5-28.4m, which includes
31.58 g/t Au over 0.3m from 27.8-28.1m
16.08 g/t Au over 7.80m from 30.1-37.9m, including
62.22 g/t Au over 1.8m from 35.5-37.3m, which includes
89.02 g/t Au over 0.3m from 35.5-35.8m, and
52.18 g/t Au over 0.3m from 35.8-36.1m, and
201.0 g/t Au over 0.3m from 36.1-36.4m
10.70 g/t Au over 0.6m from 269.9-270.5m, including
15.41 g/t Au over 0.3m from 269.9-270.2m
TUDDH574
11.19 g/t Au over 0.3m from 81.2-81.5m
29.53 g/t Au over 0.9m from 106.1-107.0m, including
21.11 g/t Au over 0.3m from 106.1-106.4m, and
33.74 g/t Au over 0.6m from 106.4-107.0m
TUDDH575
12.07 g/t Au over 0.3m from 77.3-77.6m
16.11 g/t Au over 0.6m from 109.7-110.3m, including
26.24 g/t Au over 0.3m from 110.0-110.3m
5.99 g/t Au over 10.50m from 114.2-124.7m, including
18.53 g/t Au over 1.80m from 119.6-121.4m, and
15.10 g/t Au over 3.60m from 121.1-124.7m, which include
95.06 g/t Au over 0.3m from 121.1-121.4m, and
55.71 g/t Au over 0.3m from 124.4-124.7m
Figure1: Schematic vertical section showing selected infill drilling, Tuvatu. Some of the drillholes shown are off section (e.g. TUDDH571 is N of section, and TUDDH 568 is S of section) and are projected onto the section for clarity.
Table 1: Drilling Intervals >0.5 g/t Au Reported (intervals > 3.0 g/t Au cutoff and wider than 2.0m are bolded)
Hole ID
From (m)
To (m)
Interval (m)
Grade (g/t Au)
TUDDH-567
62.9
65.8
2.9
2.13
including
64.1
64.4
0.3
7.85
67.0
67.6
0.6
0.5
69.4
70.0
0.6
1.49
72.1
72.8
0.7
2.25
78.3
78.6
0.3
0.76
79.9
84.8
4.9
1.59
including
83.5
83.8
0.3
5.03
88.1
92.2
4.1
0.89
93.4
97.3
3.9
0.62
103.1
103.7
0.6
1.13
106.1
107.3
1.2
2.32
110.0
112.5
2.5
6.09
including
111.9
112.5
0.6
21.28
115.3
116.2
0.9
5.43
136.1
137.3
1.2
2.87
TUDDH-568
no significant results
TUDDH-569
58.3
59.2
0.9
6.12
including
58.8
59.2
0.4
8.9
78.4
78.7
0.3
1.78
82.0
82.6
0.6
0.93
93.1
93.7
0.6
6.79
101.8
103.0
1.2
0.96
105.4
106.9
1.5
0.82
132.4
134.4
2.0
3.64
including
133.6
134
0.4
15.78
155.9
156.3
0.4
1.32
TUDDH-570
33.5
35.2
1.7
1.71
39.7
40.4
0.7
12.78
41.6
42.2
0.6
2.53
46.0
49.9
3.9
1.41
53.5
56.4
2.9
0.89
60.3
60.9
0.6
0.95
65.4
66.0
0.6
1
72.7
73.3
0.6
3.51
84.4
84.7
0.3
3.29
88.1
90.5
2.4
0.72
91.7
95.8
4.1
1.35
99.3
99.6
0.3
0.68
102.6
104.4
1.8
1.21
107.0
114.7
7.7
4.09
including
110.1
110.8
0.7
15.96
including
111.1
111.7
0.6
6.87
also including
113.8
114.7
0.9
6.26
115.9
117
1.1
3.41
118.8
121.3
2.5
4.8
including
118.8
119.1
0.8
13.17
which also includes
119.1
119.6
0.5
15.87
130.0
132.6
2.6
6.4
including
130.0
130.9
0.9
9.3
including
132.1
132.6
0.5
16.13
135.6
136.5
0.9
0.86
137.7
143.5
5.8
3.13
including
142.0
142.3
0.3
39.36
147.5
149.3
1.8
0.77
151.4
152.3
0.9
2.62
including
151.4
151.7
0.3
5.54
154.0
157.6
3.6
8.99
including
154.0
154.3
0.3
7.3
and including
155.2
156.1
0.9
11.79
which also includes
157.0
157.6
0.6
30.28
161.5
163.6
2.1
4.38
including
161.5
162.1
0.6
7.49
including
162.7
163.0
0.3
9.59
165.1
166.3
1.2
1.44
TUDDH-571
30.8
34.7
3.9
77.11
including
30.8
32.6
1.8
162.22
including
30.8
31.1
0.3
179.0
including
31.1
31.4
0.3
61.86
including
31.4
31.7
0.3
210.3
including
31.7
32.0
0.3
190.0
including
32.0
32.3
0.3
261.0
including
32.3
32.6
0.3
71.13
including
34.4
34.7
0.3
16.96
75.5
76.1
0.6
0.64
TUDDH-572
29.8
30.4
0.6
0.85
35.5
36.1
0.6
5.1
37.3
42.4
5.1
0.58
44.2
47.2
3
4.94
including
44.2
45.4
1.2
8.04
which includes
44.2
44.5
0.3
20.4
48.4
49.6
1.2
0.61
63.4
63.7
0.3
2.75
66.1
67.3
1.2
0.55
73.6
75.4
1.8
1.13
82.6
83.2
0.6
5.66
including
82.6
82.9
0.3
7.85
85.0
85.3
0.3
6.78
87.1
94.9
7.8
12.56
including
87.1
88.3
1.2
54.43
which includes
87.1
87.4
0.3
19.67
and
88.0
88.3
0.3
196.0
and also includes
89.8
91.3
1.5
16.04
which includes
89.8
90.4
0.6
34.92
103.3
106.6
3.3
5.86
including
105.1
105.7
0.6
26.18
which includes
105.1
105.4
0.3
21.39
and includes
105.4
105.7
0.3
30.97
121.9
122.2
0.3
0.51
128.2
128.5
0.3
0.5
TUDDH-573
7.4
8.3
0.9
0.7
10.2
10.5
0.3
2.44
12.6
16.55
3.95
0.62
23.0
23.3
0.3
0.52
27.5
29.1
1.6
9.98
including
27.5
28.4
0.9
16.54
which also includes
27.8
28.1
0.3
31.58
30.1
37.9
7.8
16.08
including
35.5
37.3
1.8
62.22
including
35.5
35.8
0.3
89.02
including
35.8
36.1
0.3
52.18
which also includes
36.1
36.4
0.3
201.0
41.5
43.0
1.5
5.05
including
41.5
41.8
0.3
8.86
51.7
52
0.3
2.14
58.7
59.9
1.2
1.62
185.3
185.6
0.3
6.68
205.4
206.9
1.5
4.06
including
206.6
206.9
0.3
9.2
216.5
217.4
0.9
0.8
225.5
225.8
0.3
6.34
249.0
249.3
0.3
2.06
269.9
271.7
1.8
4.23
including
269.9
270.5
0.6
10.7
which includes
269.9
270.2
0.3
15.41
TUDDH-574
23.3
24.2
0.9
0.58
41.0
43.7
2.7
1.66
49.1
50.6
1.5
2.62
59.3
59.6
0.3
1.33
70.1
71.3
1.2
2.78
81.2
81.5
0.3
11.19
92.9
93.2
0.3
3.69
106.1
107.0
0.9
29.53
including
106.1
106.4
0.3
21.11
and
106.4
107.0
0.6
33.74
TUDDH-575
32.3
32.6
0.3
0.66
33.8
34.1
0.3
0.76
41.9
44.3
2.4
1.29
including
41.9
42.2
0.3
4.74
and
42.5
43.1
0.6
0.56
and
43.4
43.7
0.3
0.62
and
44.0
44.3
0.3
0.75
46.4
47.0
0.6
0.68
48.2
48.5
0.3
0.55
66.5
67.1
0.6
0.53
77.0
79.1
2.1
2.18
including
77.0
77.3
0.3
0.57
and
77.3
77.6
0.3
12.07
78.5
78.8
0.3
1.00
78.8
79.1
0.3
0.83
83.6
83.9
0.3
3.30
85.1
86.3
1.2
1.63
90.2
90.5
0.3
1.19
99.2
99.8
0.6
0.79
106.1
107.0
0.9
3.42
including
106.1
106.4
0.3
4.08
and
106.4
106.7
0.3
1.93
and
106.7
107.0
0.3
4.24
109.1
110.3
1.2
8.39
including
109.1
109.4
0.3
0.54
and
109.4
109.7
0.3
0.79
and
109.7
110.0
0.3
5.97
and
110.0
110.3
0.3
26.24
114.2
124.7
10.5
5.98
including
114.2
114.5
0.3
1.32
and
115.4
115.7
0.3
4.35
and
116.0
116.3
0.3
0.50
and
117.2
117.5
0.3
1.08
and
117.5
117.8
0.3
3.30
and
118.7
119.0
0.3
0.52
and
119.6
121.4
1.8
18.53
which includes
119.6
119.9
0.3
6.94
and includes
119.9
120.2
0.3
4.59
and includes
120.2
120.5
0.3
4.45
and includes
121.1
121.4
0.3
95.06
or
121.1
124.7
3.6
15.1
which includes
121.1
121.4
0.3
95.06
and includes
121.7
122.0
0.3
0.57
and includes
122.0
123.2
1.2
2.77
and includes
123.2
123.5
0.3
3.05
and includes
123.5
123.8
0.3
0.73
and includes
123.8
124.4
0.6
7.47
and includes
124.4
124.7
0.3
55.71
129.5
131.3
1.8
1.21
including
129.5
130.1
0.6
2.81
and
131.0
131.3
0.3
0.67
132.5
132.8
0.3
4.97
135.5
135.8
0.3
0.93
137.6
137.9
0.3
1.41
143.3
144.5
1.2
1.59
including
143.3
143.6
0.3
1.05
and
143.6
144.2
0.6
1.97
and
144.2
144.5
0.3
1.35
162.2
162.5
0.3
1.45
TUDDH-576
22.9
23.5
0.6
1.49
25.0
25.6
0.6
0.63
29.2
29.5
0.3
1.1
36.7
38.5
1.8
8.25
including
36.7
37.0
0.3
2.60
and
37.0
37.6
0.6
0.56
and
37.6
38.5
0.9
15.26
39.7
40.0
0.3
0.57
43.0
44.2
1.2
0.77
including
43.0
43.6
0.6
0.55
and
43.6
44.2
0.6
0.98
Table 2: Summary of results from selected sample gap intervals from historic drill core
Hole ID
From (m)
To (m)
Interval (m)
Grade (g/t Au)
TUDDH-212
448.1
448.4
0.30
1.25
TUDDH-225
52.70
53.35
0.35
14.10
54.25
54.85
0.60
1.06
89.0
89.6
0.60
0.71
91.1
92.0
0.90
10.98
94.3
94.6
0.30
3.22
102.0
103.4
1.40
0.68
TUDDH-356
60.05
60.35
0.30
0.61
72.2
72.5
0.30
4.21
77.6
77.9
0.30
0.53
81.5
82.26
0.76
1.81
TUDDH-362
84.81
85.11
0.30
0.56
85.41
85.71
0.30
0.69
85.71
86.01
0.30
1.47
86.31
86.61
0.30
74.58
86.91
87.4
0.49
0.53
TUDDH-408
43.23
43.74
0.51
0.54
44.65
45.25
0.60
1.28
79.27
79.87
0.60
2.21
79.87
80.47
0.60
1.80
TUDDH-410
73.2
73.8
0.60
3.38
118.2
118.8
0.60
1.81
TUDDH-525
466.6
466.9
0.30
0.95
TUDDH-539
131.1
131.7
0.60
6.88
TUDDH-540
62.93
63.23
0.30
4.22
64.6
64.9
0.30
0.61
64.9
65.2
0.30
3.87
69.8
70.4
0.60
2.20
77.3
77.6
0.30
0.97
90.7
91.0
0.30
4.11
Table 3: Survey details of diamond drill holes referenced in this release
Hole No
Coordinates (Fiji map grid)
RL
final depth
dip
azimuth
N
E
m
(TN)
TUDDH567
3920779
1876395
219.9
183.8
-40
255
TUDDH568
3920686
1876364
255.1
112.9
-75
258
TUDDH569
3920779
1876396
219.9
191.7
-69
252
TUDDH570
3920780
1876396
220.0
233.3
-44
270
TUDDH571
3920932
1876510
236.1
847.6
-62
147
TUDDH572
3920779
1876396
219.9
203.5
-60
270
TUDDH573
3920796
1876351
209.7
779.2
-66
131
TUDDH574
3920779
1876396
219.9
182.6
-70
270
TUDDH575
3920779
1876396
219.9
164.3
-47
285
TUDDH576
3920779
1876396
219.9
200.5
-60
285
TUDDH577
3920435
1876513
348.0
in progress
-40
270
TUDDH-212
3920664
1876757
281.3
600.5
-58
245
TUDDH-225
3920737
1876336
222.8
300.3
-60
330
TUDDH-356
3920760
1876260
205.5
112.9
-61
010
TUDDH-362
3920775
1876303
219.6
132.0
-65
360
TUDDH-408
3920767
1876337
225.0
140.6
-70
330
TUDDH-410
3920731
1876309
228.9
143.6
-65
340
TUDDH-525
3920796
1876351
209.4
350.6
-57
123
TUDDH-539
3920733
1876297
225.1
186.2
-72
004
TUDDH-540
3920733
1876297
225.1
168.2
-60
001
Qualified Person
The scientific and technical content of this news release has been reviewed, prepared, and approved by Mr. Sergio Cattalani, P. Geo, who is a qualified person pursuant to National Instrument 43-101 – Standards of disclosure for Mineral Projects (“NI-43-101).
About Tuvatu
The Tuvatu gold deposit is located on the island of Viti Levu in the South Pacific island nation of Fiji. The mineral resource for Tuvatu as disclosed in the technical report “Tuvatu Gold Project PEA”, dated June 1, 2015, and prepared by Mining Associates Pty Ltd of Brisbane Qld, and subsequently updated in January 2018 as disclosed in the technical report and PEA by Tetra Tech “Technical Report and Preliminary Economic Assessment Update for the Tuvatu Gold Project, The Republic of Fiji” dated September 2020, comprises 1,007,000 tonnes Indicated at 8.48 g/t Au (274,600 oz. Au) and 1,325,000 tonnes inferred at 9.0 g/t Au (384,000 oz. Au) at a cut-off grade of 3.0 g/t Au. The technical report is available on the Lion One website at www.liononemetals.com and on the SEDAR website at www.sedar.com.
About Lion One Metals Limited
Lion One’s flagship asset is 100% owned, fully permitted high grade Tuvatu Alkaline Gold Project, located on the island of Viti Levu in Fiji. Lion One envisions a low-cost high-grade underground gold mining operation at Tuvatu coupled with exciting exploration upside inside its tenements covering the entire Navilawa caldera, an underexplored yet highly prospective 7km diameter volcanic edifice of alkaline affinity. Lion One’s CEO Walter Berukoff leads an experienced team of explorers and mine builders and has owned or operated over 20 mines in 7 countries. As the founder and former CEO of Miramar Mines, Northern Orion, and La Mancha Resources, Walter is credited with building over $3 billion of value for shareholders.
On behalf of the Board of Directors of Lion One Metals Limited “Walter Berukoff“ Chairman and CEO
Neither the TSX Venture Exchange nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this release.
This press release may contain statements that may be deemed to be “forward-looking statements” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “proposed”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects Lion One Metals Limited’s current beliefs and is based on information currently available to Lion One Metals Limited and on assumptions Lion One Metals Limited believes are reasonable. These assumptions include, but are not limited to, the actual results of exploration projects being equivalent to or better than estimated results in technical reports, assessment reports, and other geological reports or prior exploration results. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Lion One Metals Limited or its subsidiaries to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the stage development of Lion One Metals Limited, general business, economic, competitive, political and social uncertainties; the actual results of current research and development or operational activities; competition; uncertainty as to patent applications and intellectual property rights; product liability and lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation, affecting mining, timing and availability of external financing on acceptable terms; not realizing on the potential benefits of technology; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. Although Lion One Metals Limited has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. Lion One Metals Limited does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Burlington, Ontario–(Newsfile Corp. – February 22, 2022) – Silver Bullet Mines Corp. (TSXV: SBMI) (‘SBMI’ or ‘the Company’) announces it has closed on $764,000, in its previously announced financing. This represents 1,910,000 Units, with each Unit priced at $0.40 (forty cents). Each Unit consists of one common share and one full 60-cent (sixty cent) warrant with a 24-month term, with each such warrant being exercisable into a common share (the “Financing”). There is no acceleration clause on such warrants. That pricing is at a 33% premium to the previous round of financing.
This is the first tranche of Units on which SBMI has closed. SBMI has subscription agreements in hand totalling roughly a further $500,000, which means SBMI will continue to close on further tranches over the next while as it collects funds.
These funds will be used to complete the process of putting the Buckeye Silver Mine into pilot production in March, 2022, to advance metallurgic work at the past-producing silver and gold Washington Mine in Idaho, and for working capital.
“What’s fascinating to me is the continued strong shareholder support,” said A. John Carter, SBMI’s CEO. “We are particularly pleased with the high percentage of subscribers in this financing who are already shareholders. Their repeat participation indicates a strong endorsement of SBMI’s business plan and our execution upon it. Because we took a non-traditional route, we remain on path to be in pilot production of silver this quarter.”
Referral fees may be paid to arm’s length persons in connection with the issuance of the Units. Other than the subscription agreement, there will be no further offering material provided to Existing Security Holders or others related to Financing. The subscription agreement is available at the Company’s website https://www.silverbulletmines.com/technical-corporatedocuments.
For further information, please contact:
John Carter Silver Bullet Mines Corp., CEO cartera@sympatico.ca +1 (905) 302-3843
Peter M. Clausi Silver Bullet Mines Corp., VP Capital Markets pclausi@brantcapital.ca +1 (416) 890-1232
Cautionary and Forward-Looking Statements
This news release contains certain statements that constitute forward-looking statements as they relate to SBMI and its subsidiaries. Forward-looking statements are not historical facts but represent management’s current expectation of future events, and can be identified by words such as “believe”, “expects”, “will”, “intends”, “plans”, “projects”, “anticipates”, “estimates”, “continues” and similar expressions. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct.
By their nature, forward-looking statements include assumptions, and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this new release, SBMI will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities laws, SBMI assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: the impact of SARS CoV-2 or any other global virus; reliance on key personnel; the thoroughness of its QA/QA procedures; the continuity of the global supply chain for materials for SBMI to use in the production and processing of ore; shareholder and regulatory approvals; activities and attitudes of communities local to the location of the SBMI’s properties; risks of future legal proceedings; income tax matters; fires, floods and other natural phenomena; the rate of inflation; availability and terms of financing; distribution of securities; commodities pricing; currency movements, especially as between the USD and CDN; effect of market interest rates on price of securities; and, potential dilution. SARS CoV-2 and other potential global viruses create risks that at this time are immeasurable and impossible to define.
Vancouver, British Columbia–(Newsfile Corp. – February 18, 2022) – EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (FSE: 6E9) (the “Company“, or “EMX“) is pleased to announce that its wholly-owned subsidiary, Bullion Monarch Mining, Inc., (“Bullion”) has reached a settlement with Barrick Gold Corporation (“Barrick”) and Barrick affiliates and subsidiaries (“Barrick Entities”) with respect to Bullion’s claim of non-payment of royalties by the Barrick Entities to Bullion on production from properties in the Carlin trend, Nevada. Bullion initiated litigation in 2008, before EMX acquired Bullion in 2012. Pursuant to the settlement, Barrick will pay Bullion US$ 25 million, of which US$ 6.175 million is owed as payment of the contingency fee to Bullion’s Reno, Nevada lawyers. The settlement of the lawsuit does not affect our 1% gross smelter return royalty from portions of Nevada Gold Mine’s Leeville, Turf and other underground gold mining operations, which will continue to be paid.
About EMX. EMX is a precious, base and battery 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”, as well as on the Frankfurt exchange under the symbol “6E9”. Please see www.EMXroyalty.com for more information.
For further information contact:
David M. Cole President and Chief Executive Officer Phone: (303) 973-8585 Dave@EMXroyalty.com
Scott Close Director of Investor Relations Phone: (303) 973-8585 SClose@EMXroyalty.com
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in policies of the TSX-V) 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 completion of the transaction, perceived merits of properties, exploration results and budgets, mineral reserves and resource estimates, work programs, capital expenditures, timelines, strategic plans, market prices for precious and base metal, or other statements that are not statements of fact. When used in this news release, words such as “estimate,” “intend,” “expect,” “anticipate,” “will”, “believe”, “potential”, “upside” and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company’s future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause the Company’s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and factors may include, but are not limited to: unavailability of financing, failure to identify commercially viable mineral reserves, fluctuations in the market valuation for commodities, difficulties in obtaining required approvals for the development of a mineral project, increased regulatory compliance costs, expectations of project funding by joint venture partners and other factors. It is possible EMX may not complete the transaction, as a result of failure to fulfill conditions of closing, unavailability of financing or for other reasons EMX cannot anticipate at this time.
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 September 30, 2021 and the year ended December 31, 2020 (the “MD&A”), and the most recently filed Revised Annual Information Form (the “AIF”) for the year ended December 31, 2020, 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.sedar.com and on the SEC’s EDGAR website at www.sec.gov.
VANCOUVER, BC / ACCESSWIRE / February 17, 2022 / Metallic Minerals (TSX.V:MMG | US OTCQB:MMNGF) (“Metallic Minerals“, or the “Company“) is pleased to announce drill results from the Central Keno target area, which intercepted high-grade silver mineralization within broad, bulk tonnage intervals akin to those recently discovered at East Keno but previously unknown in this part of Keno Hill. The Caribou target, in particular, is a top priority for resource definition and the Company is currently updating its 3D model based on drilling to date in anticipation of a robust 2022 campaign.
A total of 2,965 meters in 37 reverse circulation (“RC”) holes were completed throughout the Central Keno target areas out of 53 holes in the 6,200 meter (“m”) total 2021 Keno Silver program, along with 20.3 line-kilometers of deep-penetrating IP geophysical surveys. Results from the 26 holes from East and West Keno drilling remain pending.
Central Keno Highlights
32 of the 37 Central Keno RC holes intersected intervals of silver mineralization, with two holes lost short of target depth due to challenging ground conditions.
Multiple high-grade silver intervals were intersected, often within broader, silver-bearing, bulk-tonnage mineralized intervals representing a new target style not previously identified in Central Keno.
In addition to high-grade, vein-hosted silver typical of the Keno Hill district, significant, stacked regional scale thrust faults and associated high-grade epithermal systems have been identified as an additional host for silver mineralization, providing a major expansion of the district’s overall scale potential.
Caribou Target Highlights
Drilling at the advanced-stage Caribou target successfully extended high-grade silver mineralization to the north and 400 meters along strike to the south of the previously known extent of the Caribou structure.
A down-dip intersection, along the northern extent of the Caribou vein, returned some of the highest grades to date and validated the continuity of the high-grade structure at depth, with a 50-meter step out from previously confirmed mineralization.
Hole KS21-47 intersected 27.4 meters of 146.0 g/t silver equivalent1 (“AgEq”), including a high-grade interval of 3.05 meters (“m”) at 1150.8 g/t AgEq (562.06 g/t Ag, 1.48 g/t Au, 3.0% Pb, 6.96%Zn).
Hole KS21-55 intersected 19.8 m grading 119.1 g/t AgEq, including a high-grade interval of 1.52 m at 1009.8 g/t AgEq. (147 g/t Ag, 3.24% Au, 0.99% Pb, 10.90% Zn).
KS21-57 intersected 21.3 m of 147.3 g/t AgEq, including a high-grade interval of 3.05m at 694.9 g/t AgEq (476.35 g/t Ag, 0.40 g/t Au, 4.23% Pb, 0.37% Zn)
Hole KS21-63 intersected 15.2 m grading 97.2 g/t AgEq, including a high-grade interval of 1.52 m at 627 g/t AgEq (500 g/t Ag, 0.13 g/t Au, 2.35% Pb, 0.45% Zn).
Metallic Minerals Chairman & CEO, Greg Johnson, stated, “We are very encouraged by the results from our work in 2021 which has brought major new insights into the mineralizing controls across the Keno District, particularly at Central and East Keno. Our team has identified significant structural features indicative of regional scale thrust faults that appear to form important permeable zones for hosting high-tenor epithermal-style silver mineralization throughout the central and eastern parts of the Keno District. Work planned for 2022 will follow up on the confluence of these newly identified zones of thrust-associated high-grade epithermal-style silver mineralization with the main phase of Keno-style mineralization and its potential to host high-grade and bulk-tonnage resources.”
“Central Keno continues to show exceptional resource potential through the continued expansion of areas of known high-grade Keno-style silver mineralization, along with this newly recognized epithermal silver mineralization. Drilling in 2021 extended the Caribou target a further 400 meters along strike to the south as well as to the north and down dip, making it, along with the Formo target, a top priority for resource definition of significant scale. Drilling and surface sampling has similarly extended the Homestake target by more than a kilometer along strike, making this historic producer another focus for the 2022 program. Both the advanced-stage, historically productive Caribou and Homestake targets are host to well-defined areas with bonanza grades. Additional results from targets at East and West Keno are anticipated to be reported in the coming weeks, preceded by key updates with respect to our La Plata project in Colorado.”
Figure 1 – Keno Silver District Geology and Deposits
Central Keno Hill Silver District
The central part of the Keno Hill Silver District is host to over 100 million ounces of past production and current Indicated resources in shallow deposits that to date have not previously seen systematic exploration to depth or along strike. Central Keno was one of the original discovery areas in the region and hosted the historic producing Keno Hill mine, along with 8 other high-grade deposits including those on Metallic Minerals land holdings. Metallic Minerals’ work to date in this area shows the presence of a major structural corridor that is comparable in surface expression and structural setting to the +150 million-ounce Bermingham-Calumet system in the more extensively explored western part of the district.
Caribou Target Area
The Caribou target in the central part of the district is one of the most advanced individual targets at the Keno Silver Project. The Caribou deposit historically produced very high-grade material grading more than 1,000 g/t silver from near surface and is interpreted to be a significant connecting structure between the main shear structures in the Keno Summit structural corridor. The Caribou deposit spatially occurs within a high-level silver-in-soil anomaly of over 10 g/t AgEq that extends over 2.5 km long by 1.5 km in width and that remains open to expansion.
As part of the exploration program in 2021, Metallic Minerals completed the first-ever application of deep-sensing IP geophysics on the Keno Silver project using Simcoe Geoscience’s Alpha IPTM system. Two deep-looking IP lines were completed across the Central Keno area, which identified significant conductive features that spatially correspond with the newly mapped regional scale thrust fault structures and associated epithermal style silver mineralization. This IP survey in combination with the drilling and detailed mapping has allowed the Metallic Minerals technical team to identify major conductive features that are spatially associated with kilometer-scale soil and magnetic anomalies and significant silver mineralization. This combination of utilizing drilling, geophysics and soil sampling is a highly effective tool set for targeting mineralization across the Keno Hill silver district.
Figure 2 – Caribou Vein Long Section
Drilling in 2021 returned significant step out extensions of mineralization from the main Caribou deposit to the north, south and down dip. Eight of these holes intersected continuous mineralized zones from 15 to 64 m width including a 400-meter step out that encountered 15.2 m grading 97.2 g/t AgEq with 1.5 m grading 628 g/t AgEq (500 g/t Ag, 0.13 g/t Au, 2.35% Pb, 0.45% Zn). This zone appears to be spatially associated with the location of one of the newly mapped regional thrust faults that can host high-grade epithermal silver mineralization. The high-level silver-in-soil anomaly continues for another 1.5 km to the south along strike from this southernmost drill hole at Caribou.
In addition, holes KS21-46 and -47 tested extension of the Caribou deposit to the north and downdip. These holes both confirmed the continuation of strong silver tenor both on strike to the north and at depth with KS21-47 returning one of the highest-grade down dip holes drilled to date intersecting 1597 g/t AgEq over 1.5 meters within a mineralized zone of 27.4 m width grading 146 g/t AgEq.
Table 1- Highlight 2021 Drill Results from the Caribou Target
Hole
From (m)
To (m)
Width (m)
AgEq (g/t)
Ag (g/t)
Au (g/t)
Pb (%)
Zn (%)
KS21-46
42.67
44.2
1.53
71.6
1.5
0.73
0.01
0.00
79.25
94.49
15.24
81.9
18.7
0.04
0.17
1.11
incl
79.25
88.39
9.14
85.6
24.0
0.03
0.23
1.05
incl
80.77
82.3
1.53
448.7
125.0
0.13
1.29
5.51
incl
92.96
94.49
1.53
260.4
31.0
0.20
0.22
4.29
KS21-47
92.96
120.4
27.44
146.0
70.6
0.18
0.40
0.88
incl
109.73
112.78
3.05
1150.8
562.1
1.48
3.00
6.96
incl
109.73
111.25
1.52
1597.1
850.0
1.05
2.57
11.46
KS21-52
0
62.48
62.48
35.3
21.9
0.01
0.23
0.07
incl
1.52
25.91
24.39
79.7
51.9
0.02
0.55
0.09
incl
7.62
12.19
4.57
297.0
191.3
0.09
2.16
0.26
incl
9.14
10.67
1.53
500.6
340.0
0.22
2.94
0.49
KS21-54
16.76
42.67
25.91
53.4
35.2
0.01
0.30
0.11
incl
21.34
36.58
15.24
83.8
57.4
0.01
0.50
0.12
incl
22.86
24.38
1.52
517.0
387.0
0.07
2.74
0.30
KS21-55
44.2
76.2
32
75.6
14.8
0.19
0.09
0.82
incl
44.2
64.01
19.81
119.1
22.7
0.30
0.15
1.30
incl
50.29
60.96
10.67
210.8
37.1
0.55
0.26
2.34
incl
50.29
54.86
4.57
467.2
75.8
1.29
0.58
5.21
incl
51.82
53.34
1.52
1009.8
147.0
3.24
0.99
10.90
KS21-57
33.53
54.86
21.33
147.3
100.4
0.07
0.93
0.09
incl
33.53
42.67
9.14
332.4
227.7
0.16
2.15
0.15
incl
35.05
41.15
6.1
486.9
335.2
0.23
3.12
0.20
incl
35.05
38.1
3.05
694. 9
476.4
0.40
4.23
0.37
KS21-61
33.53
77.72
44.19
24.9
11.0
0.01
0.04
0.23
incl
50.29
59.44
9.15
102.6
47.7
0.05
0.16
0.92
incl
51.82
53.34
1.52
337.1
170.0
0.21
0.30
2.83
KS21-63
30.48
45.72
15.24
97.2
75.2
0.02
0.40
0.08
incl
30.48
38.1
7.62
160.1
125.2
0.03
0.65
0.12
incl
33.53
35.05
1.52
627.8
500.0
0.13
2.35
0.45
1Silver equivalent (Ag Eq) values assume Ag $19/oz, Pb $1.05/lb, Zn $1.30/lb, Au $1,800/oz and 100% metallurgical recovery. Sample intervals are based on measured drill intercept lengths.
Exploration to date has hit more than 70 mineralized intersections on the Caribou system over a strike distance of 700 m and down to 100 m depth. The Caribou deposit remains open to expansion to the south, north and down dip making it a top priority for resource focused drilling efforts in 2022. The highlighted results in Table 1 above build upon prior diamond drilling on the Caribou target by Metallic Minerals, results of which can be found here.
Metallic will look to follow up the 2021 success with diamond drilling in 2022 with intent to establish an initial resource at Caribou. Additional diamond drilling will be planned to test the newly extended southern strike and provide context for its association with the thrust structure. Importantly, 2021 drilling encountered ultra-high-grade, Keno-style vein intersects within much broader, bulk tonnage intervals similar to those discovered previously at East Keno in 2020.
Homestake
The historically productive Homestake target is located south of the Keno Summit target area along a parallel structural corridor. The style of the Homestake structure is comparable to those seen at the Keno Summit and in the more developed Western Keno areas. Homestake is comprised of two parallel vein structures within a broad structural corridor over 200 meters wide that has a demonstrated strike length of over 1 km in the host Keno Hill quartzite. Homestake #1 vein shows classic Keno-style, high-grade silver-lead-zinc mineralization, while the #2 vein can also show high gold grades with silver, which is characteristic of some structures in the larger deposits within the Keno Hill Silver District. The highest grades to date include assays of 4,027 g/t silver from drilling and 4,717 g/t silver from trenching on the Homestake #1 vein, and 22.1 g/t gold with 332 g/t silver from trenching on the Homestake #2 vein Prior drill results from Homestake can be found here.
To date there are 21 drilled vein intersections grading more than 600 g/t silver equivalent on the Homestake structures, including five that exceed 10 g/t gold on the Homestake #2 structure. Work in 2021 at Homestake focused on wide-spaced reconnaissance drilling along the main trends as well as extension of the open-ended soil anomalies. The soil sampling work expanded the high-level silver-in-soil anomaly associated with the Homestake mineralized system to 3 km in length by 1.5 km in width with the anomalies still open to further expansion. Intersections of anomalous silver over significant widths indicate a strike length of 1.5 km for the Homestake system. The next phase of systematic testing of these structures will be designed to delineate areas of the high-grade and bulk-tonnage toward development of an initial resource at Homestake.
About the Keno Silver Project
Exploration by Metallic Minerals at the Keno Silver project continues to systematically build on the Company’s 3D geologic database covering the east, central and western portions of the prolific Keno Hill silver district. The project includes eight high-grade, shallow past-producing mines that have yet to be subjected to modern exploration due to previously unconsolidated land ownership. Along the known, historically productive trends in the central and western parts of the district, the Company has advanced three targets towards an initial resource estimate along with identifying 12 priority multi-kilometer-scale early-stage targets in the under-explored eastern and southern parts of the district where initial drilling has returned significant high-grade Keno-style mineralization as well as bulk-tonnage style silver mineralization.
About Metallic Minerals
Metallic Minerals Corp. is a growth-stage exploration company, focused on high-grade silver and gold projects in underexplored, brownfields mining districts of North America. Our objective is to create shareholder value through a systematic, entrepreneurial approach to exploration in the Keno Hill silver district, La Plata silver-gold-copper district, and Klondike gold district through new discoveries and advancing resources to development. Metallic Minerals has consolidated the second-largest land position in the historic Keno Hill silver district of Canada’s Yukon Territory, directly adjacent to Alexco Resource Corp’s operations, with nearly 300 million ounces of high-grade silver in past production and current M&I resources. In addition, exploration at the recently acquired La Plata silver-gold-copper project in southwestern Colorado is targeting a silver and gold-enriched copper porphyry and adjacent high-grade silver and gold epithermal systems. The Company also continues to add new production royalty leases on its holdings in the Klondike gold district in the Yukon. All three districts have seen significant mineral production and have existing infrastructure, including power and road access. Metallic Minerals is led by a team with a track record of discovery and exploration success on several major precious and base metal deposits, as well as having large-scale development, permitting and project financing expertise.
About the Metallic Group of Companies
The Metallic Group is a collaboration of leading precious and base metals exploration companies, with a portfolio of large, brownfields assets in established mining districts adjacent to some of the industry’s highest-grade producers of silver and gold, platinum and palladium, and copper. Member companies include Metallic Minerals in the Yukon’s high-grade Keno Hill silver district and La Plata silver-gold-copper district of Colorado, Group Ten Metals in the Stillwater PGM-nickel-copper district of Montana, and Granite Creek Copper in the Yukon’s Minto copper district. The founders and team members of the Metallic Group include highly successful explorationists formerly with some of the industry’s leading explorer/developers and major producers. With this expertise, the companies are undertaking a systematic approach to exploration using new models and technologies to facilitate discoveries in these proven, but under-explored, mining districts. The Metallic Group is headquartered in Vancouver, BC, Canada, and its member companies are listed on the Toronto Venture, US OTC, and Frankfurt stock exchanges.
Forward Looking Statements: This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts including, without limitation, statements regarding potential mineralization, historic production, estimation of mineral resources, the realization of mineral resource estimates, interpretation of prior exploration and potential exploration results, the timing and success of exploration activities generally, the timing and results of future resource estimates, permitting time lines, metal prices and currency exchange rates, availability of capital, government regulation of exploration operations, environmental risks, reclamation, title, and future plans and objectives of the company are forward-looking statements that involve various risks and uncertainties. Although Metallic Minerals believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the companies with securities regulators. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration and development of mines is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. For more information on Group Ten and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedar.com
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.
Vancouver, British Columbia–(Newsfile Corp. – February 17, 2022) – EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (FSE: 6E9) (the “Company” or “EMX”) is pleased to announce the execution of an agreement on February 14, 2022 to sell its Mo-i-Rana volcanogenic massive sulfide (“VMS“) project in Norway (the “Project“) to Mahvie Minerals AB (“Mahvie“), a private Swedish Company. In return for the transfer of the Project to Mahvie, the agreement provides EMX with a 9.9% equity interest in Mahvie, annual advance royalty payments, 2.5% Net Smelter Return (“NSR“) royalty interests, work commitments, and other considerations. In conjunction with the Mo-i-Rana transaction, Mahvie intends to establish a public listing on one of the Nordic exchanges. This is anticipated sometime in Q2, 2022.
The Mo-i-Rana VMS belt was acquired by EMX in 2021 (see EMX News Release dated April 6, 2021). This VMS belt is situated in central Norway and contains numerous polymetallic (zinc-lead-copper-silver-gold) occurrences and historical mines (see Figures 1 and 2). Over 200 mines and prospects with VMS and carbonate replacement (“CRD“) styles of mineralization are located within the Mo-i-Rana project area, including ten former producing mines.
EMX and Mahvie will work together to explore the Project, where considerable exploration upside exists at many of the historical occurrences and mines. Much of the historical exploration work was done at a time when VMS models were only poorly understood and only limited portions of the nine individual VMS horizons that exist in the belt have been tested to date. Additionally, most historical drilling was shallow (i.e., less than 100 meters) and clustered around the historical mine workings. EMX and Mahvie will apply modern exploration methods and deposit models to seek additional discoveries in the belt.
Commercial Terms Overview. Via an arm’s length transaction, Mahvie will acquire a 100% interest in the EMX subsidiary company that controls the Project, subject to the following terms:
Upon closing, EMX will receive 75,000 Norwegian Krone (approximately US$8,500 at current exchange rates) in cash and 9.9% of the issued and outstanding shares of Mahvie Minerals AB.
EMX will receive a 2.5% NSR royalty interest in the Project. On the sixth anniversary after closing, Mahvie has the option to purchase 0.5% of the NSR on the Project by paying EMX US$1,500,000.
EMX will receive annual advance royalty (“AAR“) payments of US$25,000 for the Project commencing on the third anniversary of the closing, with the AAR payment increasing by US$5,000 per year until reaching US$100,000.
A financial instrument will be put in place that allows EMX to maintain its 9.9% interest in Mahvie until a total of 25,000,000 Swedish Kronor (approximately US$2.7 million at current exchange rates) has been raised by Mahvie.
A payment of US$500,000, payable in cash or shares of Mahvie, will be made to EMX upon the completion of a Prefeasibility or Feasibility study.
To maintain its interest in the Project, Mahvie will also: (i) spend a minimum of US$200,000 on the Project by the first anniversary of the agreement and (ii) spend aggregate of US$1,000,000 by the third anniversary of the agreement or complete a minimum of 2,000 meters of drilling on the Project.
Mo-i-Rana VMS Belt. VMS and CRD style polymetallic deposits are developed in the Rana-Hemmes metallogenic region of Norway, which is also host to the prolific Rana Gruber iron mines as well as the nearby Bleikvassli Zn-Pb-Cu-Ag deposit, an EMX royalty property (see Figure 1). This metallogenic area represents a tectonically displaced continuation of the Cambrian-Ordovician VMS belts in northeastern North America, which includes the Buchans and Bathurst VMS camps in eastern Canada, and also the Avoca VMS district in Ireland. As such, this represents one of the more prolific VMS belts in the world in terms of total production from its various mining districts, albeit now tectonically displaced and occurring along opposite sides of the Atlantic Ocean.
The most notable historical producer within the Project area is the Mofjell Mine (the core of which remains covered by state-owned mining licenses) which produced 4.35 million tonnes at 3.61% Zn, 0.71% Pb, and 0.31% Cu from 1928-1987[1]. The deposit consists of three rod-shaped elongate VMS lenses, approximately 100 meters wide that extend for lengths of up to 2.8 kilometers. Just prior to mine closure, high gold and silver grades were discovered as disseminations in wall rocks within the historical mine workings (such as 2.8 meters averaging 3.88 g/t gold and 44.3 g/t silver in underground drill hole DD1313 and 3.7 meters averaging 2.30 g/t gold and 75.7 g/t silver in underground drill hole DD781A; true widths unknown[2]) but were never followed up[3]. This underscores the potential for additional discoveries of precious-metal enriched zones of mineralization in the belt.
In 2008, a partnership between industry, the Norwegian Geological Survey (NGU) and the local county administration was formed to investigate additional potential in the Mo-i-Rana belt. This effort generated high resolution airborne geophysical data sets, as well as district scale mapping and geochemical sampling campaigns carried out by the NGU. These represent key data sets that EMX and Mahvie intend to utilize for further advancement of the Project.
Comments on Sampling, Assaying and Adjacent Properties. Samples and geochemical assays mentioned in this news release are reported by Norwegian Geologic Survey. EMX has not performed sufficient work to verify the Project’s historical drill results or production data, but considers this information as reliable and relevant based upon the Company’s reviews of data from multiple independent sources. Additional drilling and sampling would be required to confirm these results.
The Mofjell Mine and other nearby mines and deposits discussed in this news release provide context for EMX’s Project, which occurs in a similar geologic setting, but this is not necessarily indicative that the Company’s Project hosts similar mineralization.
Dr. Eric P. Jensen, CPG, a Qualified Person as defined by National Instrument 43-101 and employee of the Company, has reviewed, verified and approved the disclosure of the technical information contained in this news release.
About EMX. EMX is a precious, base and battery 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 the TSX Venture Exchange under the symbol EMX, as well as on the Frankfurt Exchange under the symbol “6E9”. Please see www.EMXroyalty.com for more information.
For further information contact:
David M. Cole President and Chief Executive Officer Phone: (303) 973-8585 Dave@emxroyalty.com
Scott Close Director of Investor Relations Phone: (303) 973-8585 SClose@emxroyalty.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release may contain “forward-looking statements” that reflect the Company’s current expectations and projections about its future results. These forward-looking statements may include statements regarding perceived merit of properties, exploration results and budgets, mineral reserve and resource estimates, work programs, capital expenditures, timelines, strategic plans, market prices for precious and base metal, or other statements that are not statements of fact. When used in this news release, words such as “estimate,” “intend,” “expect,” “anticipate,” “will”, “believe”, “potential” and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company’s future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause the Company’s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and factors may include, but are not limited to: unavailability of financing, failure to identify commercially viable mineral reserves, fluctuations in the market valuation for commodities, difficulties in obtaining required approvals for the development of a mineral project, increased regulatory compliance costs, expectations of project funding by joint venture partners and other factors.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, including the risks and uncertainties identified in this news release, and other risk factors and forward-looking statements listed in the Company’s MD&A for the quarter ended September 30, 2021 and the year ended December 31, 2020 (the “MD&A”), and the most recently filed Revised Annual Information Form (the “AIF”) for the year ended December 31, 2020, 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.sedar.com and on the SEC’s EDGAR website at www.sec.gov.
Figure 1: Location map for the Mo-i-Rana VMS belt in Norway.
[1] Bjerkgård, et. al (2013). The Mofjell Project: Summary and conclusions. NGU (Norwegian Geological Survey) Report 2013.048.
[2] Bergverkselskapet Nord-Norge A/S, 1987. As Reported by Directorate of Mining Norway. The historical drilling was completed by Bergverkselskapet Nord-Norge A/S, 1987 and archived by the NGU. EMX believes these results to be reliable and relevant.
[3] Bjerkgård, et al (2001). Ore Potential with emphasis on gold in the Mofjellet deposit, Rana, Nordland, Norway. NGU Report 2001.050.
Silverton Project – Map of Silver Hammer claim blocks and locations of rock-chip samples with silver assays graphically indicated
Table 1
Notable silver assays for January 2022 rock-chip samples
VANCOUVER, British Columbia, Feb. 16, 2022 (GLOBE NEWSWIRE) — Silver Hammer Mining Corp. (CSE: HAMR/OTCQB:HAMRF) (“Silver Hammer” or the “Company”) is pleased to report exploration results from a rock sampling and mapping program that has led to Company more than doubling the Silverton Project area through the staking of additional claims. The Silverton Project is located 129 kilometres (“km”) northeast of the Tonopah silver district in Nevada and was acquired by the Company in 2021.
Program Highlights:
Obtained multiple rock-chip samples of silver mineralization assaying up to 330 grams per tonne (“g/t”) silver (“Ag”) southwest of the former Silverton Mine
New samples, together with structural information obtained in the field, suggest historically mined silver zone extends to southwest and potentially continues under colluvium and post-mineral volcanic rocks
Added 19 claims (516 acres) to cover potential extension of the silver zone mined by previous operators the Silverton Mine “Based on our exploration completed to date at the Silverton Project, where minor silver production occurred in the 1930s, we believe that the historical mining developed just a small portion of a significantly larger zone or system of silver mineralization that has now been shown to extend hundreds of metres southwest of the old mine,” stated President & CEO Morgan Lekstrom. “Detrital sediments and young volcanic rocks appear to overlie and obscure the silver mineralized system southwest of the mine and we now believe that the strike extent of the system could be significantly expanded. Consequently, we have filed for 19 additional claims in a block that is contiguous with our original six-claim Silverton Project.
Assay results from 102 rock-chip samples, 40 of which were collected in January of this year, indicate that the silver mineralization in the historic Silverton Mine area is hosted by fractured limestone and quartzite beds, with distinct structures of brecciated limestone containing the highest-grade silver. These structures, also marked by patchy silicification and quartz-iron oxide veinlets, generally trend north 030° east. When the mineralized structures are followed southwest from the mine they are soon obscured by colluvium. Table 1 below, lists some of the better silver assays for the recently collected rock samples.
The Company’s plans for 2022 include more detailed field work to understand the controls on the mineralization, including but not limited to hyperspectral, and geophysical setting Silver Hammer up for drill targeting and drilling in the 2nd half of 2022.
Qualified Person
Technical aspects of this press release have been reviewed and approved by Philip Mulholland, P.Geo., the designated Qualified Person (QP) under National Instrument 43-101.
About Silver Hammer Mining Corp.
Silver Hammer Mining Corp. is a junior resource company advancing the flagship past-producing Silver Strand Mine in the Coeur d’Alene Mining District in Idaho, USA, as well 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. Silver Hammer strives to become a multi-mine 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 and CEO
Corporate Office: 551 Howe Street, Vancouver, British Columbia V6C 2C2, Canada
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.
Burlington, Ontario–(Newsfile Corp. – February 16, 2022) – Silver Bullet Mines Corp. (TSXV: SBMI) (‘SBMI’ or ‘the Company’) announced its intention to carry out an accretive non-brokered financing of Units. Each Unit is priced at $0.40 (forty cents) and comprises of one common share and one full 60-cent (sixty cent) warrant with a 24-month term, with each such warrant being exercisable into a common share (the “Financing”). There is no acceleration clause on such warrants. That pricing is at a 33% premium to the previous round of financing.
The Financing has received conditional approval from the TSX Venture Exchange. SBMI will begin closing on the Financing and will continue to close on the Financing in tranches over the next couple of weeks.
“The shareholders see the increased cost of almost everything since the pandemic started,” said A. John Carter, SBMI’s CEO. “Just go gas up your car or pick up a week’s worth of groceries to feel it. We’ve had a similar experience at an operational level. Re-stocking the treasury is a prudent thing to do.”
The February 9, 2022 release provided the minimum amount to be raised would be $500,000 (five hundred thousand dollars). To date the Company has subscription agreements representing more than $900,000, and based upon conversations between management and the investing public, expects further capital to be committed to SBMI as part of the Financing. These funds will be used to complete the process of putting the Buckeye Silver Mine into pilot production in March, 2022, to advance metallurgic work at the past-producing silver and gold Washington Mine in Idaho, and for working capital.
The February 9, 2022 release also announced SBMI had two lead orders on the Financing, one for CDN$180,000 and the other for USD$200,000. One of those orders has been upsized to CDN$200,000.
Referral fees may be paid to arm’s length persons in connection with the issuance of the Units. Other than the subscription agreement, there will be no further offering material provided to Existing Security Holders or others related to Financing. The subscription agreement is available at the Company’s website https://www.silverbulletmines.com/technical-corporatedocuments.
For further information, please contact:
John Carter Silver Bullet Mines Corp., CEO cartera@sympatico.ca +1 (905) 302-3843
Peter M. Clausi Silver Bullet Mines Corp., VP Capital Markets pclausi@brantcapital.ca +1 (416) 890-1232
Cautionary and Forward-Looking Statements
This news release contains certain statements that constitute forward-looking statements as they relate to SBMI and its subsidiaries. Forward-looking statements are not historical facts but represent management’s current expectation of future events, and can be identified by words such as “believe”, “expects”, “will”, “intends”, “plans”, “projects”, “anticipates”, “estimates”, “continues” and similar expressions. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct.
By their nature, forward-looking statements include assumptions, and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this new release, SBMI will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities laws, SBMI assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: the impact of SARS CoV-2 or any other global virus; reliance on key personnel; the thoroughness of its QA/QA procedures; the continuity of the global supply chain for materials for SBMI to use in the production and processing of ore; shareholder and regulatory approvals; activities and attitudes of communities local to the location of the SBMI’s properties; risks of future legal proceedings; income tax matters; fires, floods and other natural phenomena; the rate of inflation; availability and terms of financing; distribution of securities; commodities pricing; currency movements, especially as between the USD and CDN; effect of market interest rates on price of securities; and, potential dilution. SARS CoV-2 and other potential global viruses create risks that at this time are immeasurable and impossible to define.
