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Africa Oil Announces Favorable Prime RBL Redetermination


Press Release

Africa Oil CEO Keith Hill commented, “We are very pleased with the endorsement by the lending banks of our Nigeria deepwater assets. The ability for Prime to repay 29% of its outstanding debt in these difficult market conditions is a testament to the quality of Prime’s low-cost producing assets that are further strengthened by Prime’s industry leading hedging position. Prime’s cash flows provide us with a strong platform to deliver growth and value creation from our portfolio of exploration and development opportunities. Most immediately we are looking forward to the results of the Luiperd well that is currently drilling on Block 11B/12B offshore South Africa and to which we have significant exposure through our equity investments in Africa Energy and Impact Oil and Gas.”

Africa Oil Corp. is a Canadian oil and gas company with producing and development assets in deepwater Nigeria; development assets in Kenya; and an exploration/appraisal portfolio in Africa and Guyana. The Company is listed on the Toronto Stock Exchange and on Nasdaq Stockholm under the symbol “AOI“.

Shahin Amini, IR and Commercial Manager, shahin.amini@africaoilcorp.com, T: +44 (0)203 982 6800

Sophia Shane, Corporate Development, sophias@namdo.com, T:  (604) 806-3575

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Blog

NV Gold Announces Phase I Drill Program at Its Sandy Gold Project in Nevada

nvgold, proven and probable

Press Release


Corporate Presentation

“We look forward to completing our first drill program at the Sandy Gold Project, which last saw drilling in the early 1990s. We are currently finalizing our drill program that is expected to commence in October 2020,” commented Peter A. Ball, President and CEO of NV Gold. “At the same time we are preparing our drill at the Sandy Gold Project, we have recently submitted our drill permit for our 100% owned Slumber Gold Project in Humboldt County, Nevada, which was leased in 2019. We also continue to advance the optioned Exodus Gold Project in BC, Canada, where we can earn up to an 85% interest. This is shaping up to be a very exciting and busy second half of 2020 at NV Gold, with potentially three drill programs to be undertaken.”

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

Peter A. Ball, President & CEO
Phone: 1-888-363-9883
Email: peter@nvgoldcorp.com

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Blog Junior Mining

Lion One Announces Robust Updated PEA for Tuvatu


Press Release


Corporate Presentation

“The PEA for Tuvatu demonstrates robust economic potential for a low-cost, high-grade gold operation with low upfront capital costs, enabling rapid payback of capital even at a gold price of US $1,400 per ounce ,” stated Lion One Chairman and CEO Walter Berukoff. “We are encouraged about Tuvatu’s potential for a near-term development and production opportunity, with further exploration and expansion potential as we continue our current drill programs to extend the known mineralization of Tuvatu and the surrounding Navilawa Caldera.”

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Base Metals Blog Energy Exclusive Interviews Junior Mining Precious Metals

Riverside Resources | Gold, Silver, The New Normal


https://youtu.be/M41tBlXGpjg

In this exclusive interview, we sit down with Dr. Johhn-Mark Staude of Riverside Resources, which is on track for a spectacular year, to discuss the company’s upcoming spin-out with Capitan Mining on the Peñoles Project. This is just one of many of Riverside’s successes this year! In addition, John-Mark will be sharing his thoughts on how COVID 19 is and will be impacting mineral exploration and the mining industry. We then find out if gold and silver demand can be met under the New Normal. All this plus lots more. Join the conversation.

Riverside Resources: (TSX.V: RRI | OTCQB: RVSDF)

Website: https://www.rivres.com/

Press Release: https://bit.ly/3ksnlsD

Corporate Presentation: https://bit.ly/3gJ9YC6

Website| www.provenandprobable.com Call me directly at 855.505.1900 or email: Maurice@MilesFranklin.com

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Base Metals Blog Energy Junior Mining Precious Metals Project Generators

Millrock Reports Operations Update: Aurora Target Drilling and Geophysical Surveys, West Pogo Block, 64North Gold Project, Alaska


sprott symposium, proven and probable


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https://youtu.be/67e1JoEAv2A

Millrock President & CEO commented: “Hole 20AU004 is an exciting hole to drill. We believe the gold mineralization at surface is a good indicator for gold below surface in flat-lying structures. We are drilling through the target zone now. The ZTEM survey, if successful in detecting the conductive zones initially indicated by the CSAMT ground-based method, could result in great efficiencies in future exploration of other prospects across our expansive, district-scale land holdings.”

FOR FURTHER INFORMATION, PLEASE CONTACT:

Melanee Henderson, Investor Relations
(604) 638-3164
(877) 217-8978 (toll-free) 

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