Category: Blog

April 15, 2019 – Nevada Copper Corp. (TSX:NCU) (“Nevada Copper” or the “Company”) is pleased to announce that it intends to release a new technical report for its 100% owned Pumpkin Hollow property, including the results of a new Preliminary Feasibility Study regarding the Open Pit Project on Tuesday, April 16, 2019 after the close of trading on the TSX. The press release summarizing the results of the Open Pit Prefeasibility Study and the accompanying Technical Report will be filed on SEDAR (www.sedar.com) and will also be available on the company’s website at www.nevadacopper.com. In conjunction with this, the Company has scheduled a conference call for analysts and investors which will be held on Wednesday, April 17, 2019 at 11:00 AM Eastern time (8:00 AM Pacific time).

Conference Call and Webcast Details
Details to access the call live are as follows:

• Via telephone by calling 1 (888) 231-8191 in North America, or by calling +1 (647) 427-7450 outside of North America
• Via webcast at: https://event.on24.com/wcc/r/1976907/FB09C3DF44E955630E93DF32A19DD0C7

The webcast will be archived for 14 days following the call at the above-noted link. The conference call will also be recorded and available for replay until Wednesday, May 1, 2019. To access the replay, dial 1 (855) 859-2056 in North America or +1 (416) 849-0833 outside of North America and use playback passcode 7079595 to hear the recording.

About Nevada Copper

Nevada Copper’s (TSX: NCU) Pumpkin Hollow underground project is in construction with a view to commencement of copper production in Q4, 2019. Located in Nevada, USA, Pumpkin Hollow has substantial reserves and resources including copper, gold and silver. Its two fully-permitted projects include a high-grade underground project (under construction) and a large-scale open pit project

Additional Information

For further information please visit the Nevada Copper corporate website (www.nevadacopper.com).

NEVADA COPPER CORP.

Matthew Gili, President and CEO

Further information call:

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

Results highlight increased indicated resources, the robust economics and long-term potential for the Triple R deposit
FISSION URANIUM CORP. (“Fission” or “the Company“) is pleased to announce the results of a Prefeasibility Study (the “PFS”), conducted by Roscoe Postle Associates Inc. (“RPA”) and first-time estimate of Mineral Reserves for its’ Patterson Lake South (“PLS”) property in Canada’s Athabasca Basin region. With an estimated OPEX of just US$6.77/lb U3O8 and an IRR (pre-tax) of 29%, the PFS further enhances the potential for highly-economic production at PLS. In addition, with the R780E zone still open at depth and along plunge to the east and the recently discovered high-grade mineralized zones along strike to the west and east (R1515W, R840W and R1620E zones) yet to be included in the reserve mine plan, there is clear upside for expanding the resource base and mine life and further improving the economics. The PFS is based on an open pit / underground hybrid operation and the Company is also progressing a PEA-level underground-only alternate scenario that indicates potential for improved economics.

PFS Highlights

Robust Economics including Very Low Operating Costs “OPEX”

• OPEX of US$6.77/lb U3O8. OPEX is substantially less than the 2015 PEA technical report for PLS which estimated US$12.38/lb
• Production averaging almost 15 million lbs U3O8 per year over the first five years from mineral reserves of 90.5 M lbs U3O8
• IRR (pre-tax) of 29%
• NPV (pre-tax), discounted at 8%, of C$1.32B
• Payback in 2 years (pre-tax)
• Initial CAPEX of C$1.49B, and sustaining capital (including reclamation and closure) of C$214M
• High processing recovery rate of 96.7%
• 4-year construction period and 8.2-year mine life

Increased Indicated Resource

Indicated Resources contain 103,768,000 lbs U3O8, an increase of 18% compared to the previous Mineral Resource estimate, reported February 20, 2018.

Demonstrated Scope for Substantial Growth

• Additional Zones: The PFS Mineral Reserves are based on the Indicated Resources of the R780E and R00E zones. There are three other mineralized zones along strike that do not yet have sufficient drilling to classify the majority of their resources to Indicated, and future programs will work to advance this. These include the R1515W, R845W and R1620E zones.
• Zone Expansion: The R780E zone is open at depth and along plunge to the east and further opportunity exists to continue to grow the resource in those directions, potentially extending the underground mine life.
• Mineralization Upgrade: The PFS mine plan does not include areas of Inferred Resources in the R00E and R780E zones. Additional drilling has the potential to convert these to Indicated.

Flexible Mining Approach

• The PFS base case for production at PLS is a hybrid operation (open pit and underground), aimed at maximizing extraction of R780E and R00E resources. However, it also has the potential to be mined as a purely underground operation.
• An on-going PEA-level underground-only scenario shows potential for improved economic results, including:
  • 3-year construction period and 7.3 year operation (based on the same Indicated Resources as the PFS base case).
  • Lower Initial CAPEX of C$1.19B
  • All in OPEX of US$7.17 per pound
  • Pre-tax IRR of 36%, NPV at 8% of C$1.31B, and a 1.9 year payback
  • Reduced footprint and environmental impact
  • This PEA-level scenario is preliminary in nature and is based on assumptions and estimates that are not at a PFS level of detail and therefore cannot be categorized as Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. There is no certainty that the PEA results will be realized.

Ross McElroy, President, COO, and Chief Geologist for Fission, commented, “This prefeasibility study presents a very strong base case for production at PLS and further improves the potential economics and de-risks the project. Particular highlights include very low operating costs, a high internal rate of return and broad scope for growth and optimization. It also includes the important milestone of estimating mineral reserves at PLS. The focus of the report is production from the R00E and R780E zones. Moving forward, we have the potential to add resources to these two zones, and from the three other known mineralized zones, which may increase mine life and improve economics. Overall, we are very pleased with the results of the report and we are continuing to advance PLS towards feasibility status.”
The PFS has an effective date of April 9, 2019 and supersedes all previously-filed technical reports for PLS.

Technical Summary

The PFS was prepared by independent consultants led by RPA, who carried out resource and reserve estimation and mining work, assisted by BGC Engineering Inc. (geotechnical aspects), BAUER Foundations Canada Inc. (dyke and slurry cut-off wall), Wood Canada Ltd. (process and infrastructure), Clifton Associates Ltd. (environmental and tailings) and Arcadis Canada Inc. (radiological considerations).
In addition to managing radiological issues common to high-grade uranium mining, a key technical challenge to developing the operation will be water control related to Patterson Lake and saturated sandy overburden. The PFS proposes a system of dykes and slurry cut-off walls – proven techniques successfully implemented at a number of Canadian mining operations, including the Diavik diamond mine and the Meadowbank gold mine. The development scenario does not require any new, untested, conceptual mining or construction methods. Since the PEA, extensive field programs have been carried out to confirm overburden characteristics, with these test results forming the basis of the PFS estimates.

Mineral Resources

Mineral Resources were updated for the PFS by RPA using data collected up to and including 2018 diamond drilling campaigns. Estimated block model grades are based on chemical assays only.
The Triple R deposit as defined in the Mineral Resource estimate is comprised of several nearly vertical stacked lenses across five mineralized zones that are generally oriented with an azimuth 66.2°. A set of cross-sections and level plans were interpreted to construct a total of 82 three-dimensional wireframe models (domains) for the mineralized zones at a minimum grade of 0.05% U3O8. Of the 82 wireframes, 16 are High Grade domains created at a minimum grade of approximately 5% U3O8, which are enveloped within the Low Grade domains.
Block model grades were interpolated by inverse distance cubed (ID3). Classification into the Indicated and Inferred categories was guided by the drill hole spacing and the continuity of the mineralized zones.
The updated resource estimate represents an 18% increase in pounds U3O8 classified as Indicated as compared to the previous Mineral Resource dated February 20, 2018. The increase in resource classified as Indicated is primarily due to infill drilling and conversion of Inferred Resources.

 
Notes:

1. CIM definitions (2014) were followed for Mineral Resources.
2. Mineral Resources are reported inclusive of Mineral Reserves.
3. Mineral Resources are reported within an open pit design at a cut-off grade of 0.15% U3O8 and 0.25% U3O8 for resources outside the pit that are potentially mined by underground methods.
4. The cut-off grades are based on price of US$50 per lb U3O8 and an exchange rate of 0.75 C$/US$.
5. A minimum mining width of 1.0 m was used.
6. Numbers may not add due to rounding.

Mineral Reserves

A first-time estimate of Mineral Reserves for the Project was carried out by RPA based on an open pit that captures all of the High Grade Indicated Resources in the R780E and R00E zones. Similar in concept to the 2015 PEA, the PFS Base Case design includes a sand dyke and plasticized cement slurry cut-off wall projecting into Patterson lake (Figure 1), and an onsite processing plant and associated infrastructure (Figure 2). Updates to the Mineral Resources and geotechnical understanding of the overburden and host rock are incorporated, based on field data collection programs and subsequent analysis.
Figure 1 – Dyke, Slurry Cut-Off Wall, and Open Pit Configuration

Figure 2 – Site Layout

Outside of the open pit, underground Mineral Reserves are based on designs for transverse and longitudinal longhole stoping, accessed via a portal located within the open pit, and two ventilation raises also located within the pit. Mineral Reserves are summarized in Table 2.

 
Notes:

1. CIM definitions (2014) were followed for Mineral Reserves.
2. Open Pit Mineral Reserves are reported within mining shapes built within the open pit design at a cut-off grade of 0.15% U3O8
3. Underground Mineral Reserves are reported using stope shapes generated with a 0.25% U3O8 minimum grade.
4. The cut-off grades are based on price of US$50 per lb U3O8 and an exchange rate of 0.75 C$/US$.
5. For underground mining, a minimum mining width of 3.0 m was used.
6. Numbers may not add due to rounding.

Resource to reserve conversion was high, with modest mining losses (part of the “modifying factors” that differentiate reserves from resources) consisting of:

• Isolated resource blocks in the open pit that can’t be separated from waste
• Low-grade open pit resource blocks below cut-off after dilution
• Underground resource blocks not included in designed stopes
• 95% extraction factor on underground stopes.

PFS Base Case Life of Mine (LOM) Plan Summary

Physicals

• A four-year construction period, consisting of dyke building, slurry cut-off wall installation, dewatering, overburden removal, and plant and infrastructure construction.
• Six years of open pit operations at 1,000 tonnes per day (tpd) ore, 12,000 tpd moved.
• Followed by two years of underground operations at 1,000 tpd ore.
• 2.89 Mt processed over 8.2 years, grading 1.42% U3O8.
• Process recovery of 96.7%, based on updated metallurgical testwork.
• Production of 87.5 M lbs of U3O8, including an average of 14.35 Mlbs per year for the first five years.

Revenue

• Uranium price of US$50/lb U3O8, based on long-term consensus forecasts.
• Exchange rate of 0.75 US$ = C$1.00
• Gross revenue of C$5,837 million
  • Less Saskatchewan Government Gross Revenue Royalties of C$423 million
• Net revenue of C$5,413 million

Operating Costs

• Average operating costs of C$9.03/lb U3O8 (US$6.77/lb U3O8)
• Unit operating costs of C$274 per tonne processed
  • Mining C$ 89/t
  • Processing C$115/t
  • Surface and G&A C$ 71/t
• Total operating costs of C$790 million
• Operating cash flow of C$4,623 million

Capital Costs

• Pre-production capital costs of C$1,498 million
  • Dyke & Slurry Cut-Off Wall C$ 371 million
  • Open Pit Mining C$ 44 million
  • Process Plant C$ 241 million
  • Tailings Facility C$ 101 million
  • Infrastructure C$ 114 million
  • Indirects & Owner’s Costs C$ 376 million
  • Contingency C$ 250 million
• Sustaining capital costs of C$137 million
• Reclamation and closure costs of C$77 million

Economic Results

• Pre-tax cash flow of C$2,910 million
• Income tax and Saskatchewan Profit Royalties of C$1,151 million
• After-tax cash flow of C$1,759 million
• Pre-tax NPV (at a discount rate of 8%) C$1,319 million
• Pre-tax IRR of 29%
• After-tax NPV (at a discount rate of 8%) C$693 million
• After-tax IRR of 21%
• Payback period of two years (pre-tax).

Underground Only PEA-Level Scenario
An alternative scenario involving sinking shafts on land and developing underground workings below Patterson Lake eliminates the need for the dyke and slurry cut-off wall construction prior to mining (Figure 3). Featuring a reduced footprint and environmental impact, this scenario results in some improved economic outcomes (such as reduced initial capital costs), despite the loss of some Indicated Mineral Resources to a crown pillar.

Figure 3 – Underground-Only Scenario

A comparison to the PFS Base Case is presented in Table 3.

 
This PEA-level scenario is preliminary in nature and is based on assumptions and estimates that are not at a PFS level of detail and therefore cannot be categorized as Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. There is no certainty that the PEA results will be realized.
Fission plans to advance the Underground Only Scenario to PFS level, for direct comparison to the Base Case, and decision-making going into FS.

Conclusion of Winter Program

The Company also announces it has completed the Winter 2019 work program at PLS. The final work elements included:

• Dual-purpose resource expansion and geotechnical rock-mechanic drilling (3 holes, see News Release Mar 19, 2019)
• Dyke cut-off drilling (16 holes)
• Water monitoring drilling (4 holes)
• Potential tailings management facility drilling (10 holes)

PLS Mineralized Trend & Triple R Deposit Summary

Uranium mineralization of the Triple R deposit at PLS occurs within the Patterson Lake Conductive Corridor and has been traced by core drilling over ~3.18 km of east-west strike length in five separated mineralized “zones” which collectively make up the Triple R deposit. From west to east, these zones are: R1515W, R840W, R00E, R780E and R1620E. Through successful exploration programs completed to date, Triple R has evolved into a large, near surface, basement hosted, structurally controlled high-grade uranium deposit. The discovery hole was announced on November 05, 2012 with drill hole PLS12-022, from what is now referred to as the R00E zone.
The R1515W, R840W and R00E zones make up the western region of the Triple R deposit and are located on land, where overburden thickness is generally between 55 m to 100 m. R1515W is the western-most of the zones and is drill defined to ~90 m in strike-length, ~68 m across strike and ~220 m vertical and where mineralization remains open in several directions. R840W is located ~515 m to the east along strike of R1515W and has a drill defined strike length of ~430 m. R00E is located ~485 m to the east along strike of R840W and is drill defined to ~115 m in strike length. The R780E zone and R1620E zones make up the eastern region of the Triple R deposit. Both zones are located beneath Patterson Lake where water depth is generally less than six metres and overburden thickness is generally about 50 m. R780E is located ~225 m to the east of R00E and has a drill defined strike length of ~945 m. R1620E is located ~210 m along strike to the east of R780E, and is drill defined to ~185 m in strike length.
Mineralization along the Patterson Lake Corridor trend remains prospective along strike in both the western and eastern directions. Basement rocks within the mineralized trend are identified primarily as mafic volcanic rocks with varying degrees of alteration. Mineralization is both located within and associated with mafic volcanic intrusives with varying degrees of silicification, metasomatic mineral assemblages and hydrothermal graphite. The graphitic sequences are associated with the PL-3B basement Electro-Magnetic (EM) conductor.

Patterson Lake South Property

The 31,039 hectare PLS project is 100% owned and operated by Fission Uranium Corp. PLS is accessible by road with primary access from all-weather Highway 955, which runs north to the former Cluff Lake mine and passes through the nearby UEX-Areva Shea Creek discoveries located 50km to the north, currently under active exploration and development.

Qualified Persons

This News Release describes an updated Mineral Resource estimate, a first-time Mineral Reserve estimate, and a PFS Life of Mine Plan and cash flow based upon geological, engineering, technical and cost inputs developed by RPA and other study participants. A National Instrument 43-101 Technical Report will be filed on SEDAR and made available on the Company’s website within 45 days. The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Jason Cox, P.Eng. of RPA, an independent qualified person.
On behalf of the company, 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 Ross McElroy, P.Geol., President and COO for Fission Uranium Corp., a qualified person.
About Fission Uranium Corp.
Fission Uranium Corp. is a Canadian based resource company specializing in the strategic exploration and development of the Patterson Lake South uranium property – host to the class-leading Triple R uranium deposit – and is headquartered in Kelowna, British Columbia. Fission’s common shares are listed on the TSX Exchange under the symbol “FCU” and trade on the OTCQX marketplace in the U.S. under the symbol “FCUUF.”
ON BEHALF OF THE BOARD 
Ross McElroy  – Investor Relations
______________________________
877-868-814
ir@fissionuranium.com
Ross McElroy, President and COO
www.fissionuranium.com
Cautionary Statement:
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 Fission and Fission Uranium 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 the Company and Fission Uranium 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.

Vancouver, British Columbia–(Newsfile Corp. – April 12, 2019) – Miramont Resources Corp. (CSE: MONT) (OTCQB: MRRMF) (FSE: 6MR) (“Miramont” or the “Company“) is pleased to announce appointment of Dr. Quinton Hennigh as Executive Chairman of the Company. Dr. Hennigh has served as non-executive Chairman since November 2017. As Executive Chairman, Dr. Hennigh will be responsible for overseeing the control and direction of Miramont. Dr. Hennigh is an economic geologist with more than 25 years of exploration experience with major gold mining firms, including Homestake Mining, Newcrest Mining and Newmont Mining. Currently, Dr. Hennigh is President and Chairman of Novo Resources Corp and serves as a director for Irving Resources Inc., TriStar Gold Inc., Precipitate Gold Corp and NV Gold Corp.
Mr. Tyson King has been appointed as President and Chief Executive Officer of the Company. Mr. King is a co-founder of Miramont and has served in senior management roles since its inception, most recently as Vice-President. Mr. King will be responsible for the day-to-day operations and management of the Company and will report directly to Dr. Hennigh. Mr. King has over 10 years experience in the management of publicly trading and privately held companies in the commodities and natural resources sector. He has been actively engaged in overseeing the operations of numerous companies and has provided consulting services in connection with exploration activities. Mr. King holds a BA in Economics from the University of Calgary.
“I am very pleased to have the opportunity to take on a more active management role in the operations of Miramont” said Dr. Hennigh. “I also look forward to working more closely with Mr. King, who has been a driving force behind Miramont from the outset. Our plans moving forward include a continued assessment of all data from Cerro Hermoso and advancing the highly prospective Lukkacha project. The Company will also focus on identifying new exploration properties in Peru which could be acquired on reasonable terms.”
Miramont also announces that Mr. William Pincus will be leaving the Company and has tendered his resignation as President, Chief Executive Officer and a member of the Board of Directors of the Company. Quinton Hennigh, Chairman of the Board, noted: “The Board would like to thank Mr. Pincus for his service to the Company, especially helping establish Miramont as a Peruvian explorer. Mr. Pincus served with utmost integrity, candidness and forthrightness with all interactions with the board. We wish him well with his future endeavors.”
About Miramont Resources Corp.
Miramont is a Canadian-based exploration company with a focus on acquiring and developing mineral prospects within world-class belts of South America. Miramont’s key assets are located in southern Peru. The Cerro Hermoso property hosts a 1.4km diameter breccia pipe targeting gold – polymetallic mineralization, while the Lukkacha property is targeting porphyry copper mineralization.
On behalf of the Board of Directors,
MIRAMONT RESOURCES CORP.
Quinton Hennigh
Executive Chairman
For more information, please contact the Company at:
Telephone: (604) 398-4493
Facsimile: (604) 815-0770
info@miramontresources.com
www.miramontresources.com
Reader Advisory
This news release may contain statements which constitute “forward-looking information”, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Vancouver, British Columbia–(Newsfile Corp. – April 12, 2019) – Miramont Resources Corp. (CSE: MONT) (OTCQB: MRRMF) (FSE: 6MR) (“Miramont” or the “Company“) is pleased to announce it has received final assays from its 3,679-meter diamond drill program at its Cerro Hermoso polymetallic project located in southern Peru. Results include 249 m of 0.68 gpt Au equivalent including 1.95 m of 28.4 gpt Au equivalent in hole CH-009 (please refer to a table of results below and a nearby plan map showing the location of drill holes).

Highlights:

• Drilling tested three principal targets, the Central Breccia Zone (holes CH-004, CH-005, CH-006 and CH-009), the Stockwork Zone (holes CH-001, CH-002 and CH-003) and the Carbonate Replacement Zone (holes CH-007 and CH-008).
• Significant mineralization was encountered in the Central Breccia Zone. Hole CH-009, drilled eastward, encountered 249 m of 0.68 gpt Au equivalent beginning at 103 m including 1.95 m of 28.4 gpt Au equivalent beginning at 153.55 m and a second interval of 59 m of 0.44 gpt Au equivalent beginning at 393.5 m and continuing to the end of the hole. Hole CH-005, situated approximately 100 m north of and parallel to CH-009, encountered 45 m of 0.58 gpt Au equivalent beginning at 378 m. Hole CH-006, situated approximately 250 m southeast of CH-009 and drilled westward, encountered 8.5 m of 2.97 gpt Au equivalent beginning at 308 m including 1.5 m of 15.69 gpt Au equivalent beginning at 315 m. Collectively, holes CH-009, CH-005 and CH-006 demonstrate the presence of a mineralized system within the diatreme that appears open to the northeast, east and southeast under an area of post-mineral cover. The eastern margin of the diatreme lies approximately 600 m beyond the end of these two holes, leaving considerable room for further exploration. A large, sub-surface magnetic feature situated approximately 400 m northeast of hole CH-009 may be an intrusion, potentially related to mineralization.
• Holes CH-001, CH-002 and CH-003 in the Stockwork Zone encountered narrow intervals of anomalous mineralization. Miramont sees limited potential for broader zones of mineralization in this area. Similar short intervals of anomalous mineralization were encountered in holes CH-007 and CH-008 targeting the Carbonate Replacement Zone, indicating limited potential in this area.
• Miramont is currently undertaking a thorough review of results from drilling at Cerro Hermoso with the intent of determining the best path forward.

Dr. Quinton Hennigh, Miramont’s Chairman said: “First pass drilling has confirmed the presence of a large mineralized system at Cerro Hermoso. Mineralization within the Central Breccia Zone appears open to the northeast, east and southeast as well as at depth. A nearby magnetic anomaly suggests the system is driven by a buried intrusion. Over the coming weeks we plan to compile, review and interpret all data from the latest program.”

The table below presents anomalous intercepts in all nine diamond drill holes completed at Cerro Hermoso. Some intercepts from holes CH-001 through CH-006 were previously reported in a news release dated March 28, 2019.

*End of hole
Au eq calculated using 81.25 gpt Ag = 1 gpt Au, 1.4237% Zn = 1 gpt Au, 2.1518% Pb = 1 gpt Au, 0.6485% Cu = 1 gpt Au)
Analytic Protocols and QA/QC
Assays were completed first by SGS and then by ALS Laboratories in Peru. Future samples will be analyzed by ALS as primary laboratory. Miramont follows rigorous sampling and analytical protocols that meet industry standards. Core samples are stored in a secured area until transport in batches to either SGS or ALS prep labs in Arequipa, Peru. Sample batches include certified reference materials, blanks, and duplicate samples are then processed under the control of ALS or SGS. ALS samples are analyzed using the ME-ICP61 (a technique that provides a comprehensive multi-element overview of the rock geochemistry), while gold is analyzed by AA24 and GRA22 when values exceed 10 gpt. Over limit silver, copper, lead and zinc are analyzed using the OG-62 procedure. SGS samples are analyzed using the ICP 40B method while gold is analyzed by FAA515. Over limit silver, copper, lead and zinc are analyzed using the AAS41B procedure.
National Instrument 43-101 Disclosure
The technical content of this news release has been reviewed and approved by Dr. Quinton Hennigh, P.Geo., Chairman of Miramont and a Qualified Person as defined by National Instrument 43-101.
About Miramont Resources Corp.
Miramont is a Canadian based exploration company with a focus on acquiring and developing mineral prospects within world-class belts of South America. Miramont’s two key projects are Cerro Hermoso and Lukkacha, both located in southern Peru. Cerro Hermoso is a diatreme-hosted copper dominant polymetallic prospect. Lukkacha is a classic copper-porphyry prospect.
On behalf of the Board of Directors,
MIRAMONT RESOURCES CORP.
“Quinton Hennigh”
Quinton Hennigh, Chairman
For more information, please contact the Company at:
Telephone: (604) 398-4493
Facsimile: (604) 815-0770
info@miramontresources.com
www.miramontresources.com
Reader Advisory
This news release may contain statements which constitute “forward-looking information”, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Map 1

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Dear Shareholders,

You’re receiving this email as you are amongst our seed and IPO shareholder group. First off, I wanted to thank you again for all of your support in helping to get Rover Metals to where we are today.

Today we announced our intent to acquire the Toquima Project in Nevada, USA. Our technical team has valued the historical resource at Toquima as follows:

• 200,000 ounces gold (at or near surface)
• 40,000,000 ounces silver (at our near surface)

Kinross has been operating the Round Mountain mine (16MM ounces Au produced) nearby since 2003. Toquima lies on the same Caldera Margin approx. 15 km away. We see significant blue sky potential for gold exploration.

The business case for the Toquima Acquisition is that Rover needs to address the following issues:

1. Acquire a lower cost per meter exploration project to offset the more expensive exploration costs of our existing NWT, Canada assets. Even with a high-grade gold northern project (Cabin Lake), a southern asset is needed.
2. A U.S. asset is now needed to follow completion of U.S. listing (Q1 completed)
   1. A subset of this is access to U.S. retail capital to finance future exploration and growth along with the additional liquidity of the U.S. market
   2. Canadian capital markets for Sub $10MM market cap companies remain weak. We intend to try to finance our NWT assets through Flow-through funds later this business quarter.
3. Address seasonality issues of our existing NWT assets. The Toquima Project is available for year-round exploration. December to mid-April is the most cost-effective window to be operating our NWT projects.
4. Feed the Public Markets News Machine with year-end exploration news.

We are currently offering a $0.06 Unit Financing with a Full Warrant (at $0.12 for five years). If you have interest (for example, in averaging down your position), please let me know.

Judson Culter, CPA, CA, CPA(WA)
CEO | Rover Metals
(TSXV: ROVR)(OTCQB: ROVMF)

April 11, 2019 – Nevada Copper Corp. (TSX: NCU) (“Nevada Copper” or the “Company’’) is pleased to announce plans for a $3 million exploration program in 2019 at its 100%-owned Pumpkin Hollow copper project in Nevada, USA. The program has the following goals:

• Newly-staked land exploration: drill-test high-priority areas including Tedeboy and East targets where areas of both porphyry and skarn-style copper mineralization have been identified at surface
• Open pit exploration: drill-test open extensions to the Open Pit ore body and follow up on successful 2018 results
• Open pit advancement: Infill drilling of in-pit Inferred resource material with objective to increase resource tonnage and grade

Matt Gili, Chief Executive Officer of Nevada Copper, stated “While our operations team focuses on putting our underground mine into production in Q4, 2019, our experienced geological team is executing on our exploration and expansion goals. The new program has been designed in line with our corporate philosophy of pursuing smart, low-cost growth options. It will encompass drilling some of the high-priority targets in underexplored areas of the Pumpkin Hollow project, including newly-staked ground that has encouraging copper showings on surface. In addition, we will also be targeting areas of potential growth in and around the open pit via exploration and expansion drilling.”
2019 Exploration Program Details
Newly-Staked Land Exploration and East Target (see news release dated February 22, 2019)
In February 2019, the Company expanded its land position by 32% with the staking of 5,700 acres of Federal Land to the northwest of its prior land position (shown below Figure 1), known as the Tedeboy Area. This area contains porphyry-style alteration and copper oxide mineralization at surface with multiple zones of copper mineralization sampled in outcrops and trenches.

• Objective: Demonstrate the potential of both existing and newly-staked lands and test multiple new targets, including both porphyry and skarn mineralization
• Key activities:
  • Airborne geophysics survey, and mapping and sampling
  • Drill test Tedeboy and East Targets (see Figure 1.)

Figure 1. New Ground Exploration Activity

Figure 2. New Ground – Surface Outcrops

Open Pit Exploration
Following on the success of the 2018 drilling program, the Company has identified several directions of open mineralization around the current Open Pit, notably to the north and the west. Additionally, the Company intends to increase its understanding of the area immediately between the North and South pit boundaries, known as the “Connector Zone”.

• Objective: Continue to test open extensions to the Open Pit ore body, following the successful extensions identified in 2018
• Key activities:
  •  Drill test the new, shallow mineralization in the Northern & NW Extension areas, discovered during the summer 2018 drill program (see news release dated September 24, 2018)
  • Drill test a possible offset of mineralization west of the Open Pit
  • Drill test the connector zone between the north and south pits

Figure 3. Open Pit Exploration Activity

Open Pit Advancement
Current work on the resource model has identified several areas within the Open Pit shell where increased drilling density may add to the resource model as well as potentially convert some of the Inferred Resource to the Indicated Resource category. Additionally, as we go into detailed engineering, the Company recognizes the need to drill test areas of potential future infrastructure locations to verify no mineralization will be sterilized by their positioning.

• Objective: Infill areas of in-pit inferred material, with the aim of increasing the Open Pit resource tonnage and grade
•  Key activities:
  • Drill areas classified as waste and Inferred Resources with goal to convert to Indicated Resources zones in pit
  • Drill areas classified as waste and Inferred Resources to Indicated Resources with goal to convert in open areas along the open pit borders.
  • Drill mineralized areas with goal to upgrade areas of poor core recovery
  • Drill-test targets that fall within proposed infrastructure

Figure 4. Open Pit Advancement Activity

Underground In-Fill Drilling
While not part of the current year exploration budget, the underground near-mine exploration continues to hold significant potential for adding new mineral resources and extending the mine life of the Underground Project through in-fill drilling. We plan on initiating this drilling commensurate with underground mine activities as the underground drilling platforms are developed.
Please visit our website at www.nevadacopper.com for updated construction progress photos and additional project information.
Qualified Persons
The information and data in this news release was reviewed by Greg French, P.G., VP Exploration and Project Development for Nevada Copper, who is a non-independent Qualified Person within the meaning of NI 43-101.
About Nevada Copper
Nevada Copper’s (TSX: NCU) Pumpkin Hollow underground project is in construction with a view to commencement of copper production in Q4, 2019. Located in Nevada, USA, Pumpkin Hollow has substantial reserves and resources including copper, gold and silver. Its two fully-permitted projects include a high-grade underground project (under construction) and a large-scale open pit project.
Additional Information
For further information please visit the Nevada Copper corporate website
(www.nevadacopper.com).
NEVADA COPPER CORP.
Matthew Gili, President and CEO
For further information call:
Rich Matthews,
VP Investor Relations
Phone: 604-355-7179
Toll free: 1-877-648-8266
Email: rmatthews@nevadacopper.com
Cautionary Language
This news release includes certain statements and information that may contain forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements concerning: the ongoing construction of the underground mine, the commencement of production at the underground mine, and other plans of Nevada Copper with respect to the development, construction and commercial production at the Pumpkin Hollow project, ongoing exploration activities and the objectives and results thereof.
Often, but not always, forward-looking statements and forward-looking information can be identified using words such as “plans”, “expects”, “potential”, “is expected”, “anticipated”, “is targeted”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and information are subject to known or unknown risks, uncertainties and other factors which may cause the actual results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements and information.
Forward-looking statements and information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks and uncertainties relating to: history of losses; requirements for additional capital; dilution; adverse events relating to construction and development; cost overruns; loss of material properties; interest rates increase; global economy; no history of production; future metals price fluctuations, speculative nature of exploration activities; periodic interruptions to exploration, development and mining activities; environmental hazards and liability; industrial accidents; failure of processing and mining equipment to perform as expected; labor disputes; supply problems; uncertainty of production and cost estimates; the interpretation of drill results and the estimation of mineral resources and reserves; changes in project parameters as plans continue to be refined; possible variations in ore reserves, grade of mineralization or recovery rates may differ from what is indicated and the difference may be material; legal and regulatory proceedings and community actions; accidents, title matters; regulatory restrictions; permitting and licensing; volatility of the market price of the Company’s common shares; insurance; competition; hedging activities; currency fluctuations; loss of key employees; other risks of the mining industry as well as those factors discussed in the section entitled “Risk Factors” in the Company’s Annual Information Form dated March 29, 2019. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. The Company disclaims any intent or obligation to update forward-looking statements or information except as required by law. Readers are referred to the full discussion of the Company’s business contained in the Company’s reports filed with the securities regulatory authorities in Canada. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that could cause results not to be as anticipated, estimated or intended. For more information on Nevada Copper and the risks and challenges of its business, investors should review Nevada Copper’s annual filings that are available at www.sedar.com.
The Company provides no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Vancouver, British Columbia – (April 10, 2019)
Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (“Rover Metals” or the “Company”) is pleased to announce that it has entered into a non-binding letter of intent dated April 10, 2019 to acquire (the “Transaction”) all of the issued and outstanding shares of Centennial Mining, an arm’s length Nevada corporation, from a private US-based entity (the “Vendor”) in consideration of the issuance to the shareholders of the Vendor of 40,000,000 common shares in the capital of Rover Metals (the “Consideration Shares”). The Consideration Shares will be distributed to the shareholders of the Vendor, resulting in no single person holding more than 9.79% of the issued and outstanding common shares of the Company following the completion of the Transaction (post Transaction individual ownership does not give consideration to the number of shares to be issued in connection with the Company’s current private placement financing disclosed below).
Centennial Mining owns, among other things, a 100% interest in the Toquima precious metals property (the “Toquima Property”) located in Corcoran Canyon, Nevada, USA.
Completion of the Transaction is subject to a number of conditions. Such conditions include the execution of a definitive agreement; completion of satisfactory due diligence; receipt of requisite shareholder and director approvals, as applicable; and receipt of all required regulatory, corporate and third party approvals, including the approval of the TSX Venture Exchange (the “TSXV”) as the proposed Transaction may be a “Reviewable Transaction” under TSXV Policy 5.3 – Acquisitions and Dispositions on Non-Cash Assets. As a result of such conditions, there can be no assurance that the Transaction will be completed as proposed or at all
The Consideration Shares issuable on closing of the Transaction will be subject to a hold period of the greater of 12 months and the period stipulated by the TSXV.
Judson Culter, CEO at Rover Metals, states: “The Toquima Property brings Rover Metals a lower cost per meter precious metals exploration project to offset the somewhat more expensive and seasonal exploration costs of our existing Northwest Territories, Canada assets. Additionally, having recently completed our U.S. OTCQB listing we need a U.S. based asset in a mining friendly jurisdiction. The Toquima Property is available for year-round exploration.”
Trading in the Company’s common shares has been halted by the TSXV at the Company’s request. The halt is expected to continue pending the completion of certain pending conditions and the TSXV’s review and acceptance of materials regarding the satisfaction of such conditions.
This is an initial press release. The Company plans to issue a further press release once it has completed the pending conditions and provide the information prescribed by applicable policies of the TSXV related to the Transaction.
About the Toquima Property, Nevada, USA
The Toquima Property is a gold and silver project located northeast of Tonopah, in central Nevada, USA. The Property comprises 253 contiguous, unpatented mineral claims with an area of approximately 1,958.6 hectares (ha) (4,840 acres). Eight (8) Core claims are under option from Shasta Gold Corp.,19 CX claims are under option from MinQuest Inc., and 226 AR claims were staked in 2016 by Centennial. All claims are in good standing until August 31, 2019.
The Property has been explored since 1970. Between 1970 and 2011, a total of 123 holes, both core and reverse-circulation, with an aggregate length of 17,895 m (58,712 ft) were drilled on the Property. Of this total, approximately 11,500 meters in 78 holes have been drilled within the Silver Reef Zone, the most significant of the known mineral occurrences on the Property. Two historical resource estimates in the context of National Instrument 43-101 exist for the Property. The first was done in 1984 by Copper Range Exploration and estimated 4 million short tons at grades of 2.91 opt Ag and 0.014 opt Au, (3.6 million metric tonnes grading 100 g/t Ag and 0.48 g/t Au). This historical resource estimate was done by hand and none of the key assumptions, parameters, and methods used to prepare this historical resource estimate are available. The second historical resource estimate was done in 1988 by Echo Bay Explorations Inc. which reported “probable” and “possible” resources of 1,251,808 short tons at an uncut grade of 7.22 ounces per ton (opt) Ag and 0.026 opt Au, (1,135,621 metric tonnes grading 247.54 grams per tonne (g/t) Ag and 0.891 g/t Au). A qualified person has not done sufficient work to classify this historical estimate as a current mineral resource, and Rover is not treating them as a current mineral resource.
The Toquima Property is located on the eastern edge of the Toquima Range, a NNE-trending range typical of the Basin-and-Range Province. Most of the Toquima Range is underlain by volcanic rocks of Upper Oligocene to Lower Miocene age, comprising ash-flow tuffs ranging in composition from dacite to high-silica rhyolite. Structure in the Toquima Range is dominated by the generally NE-trending range-front faults on the east and west edges of the range, smaller NE-trending faults, older NW-striking pre-Basin-Range faults, and the circular faults and caldera margins of the Toquima Caldera Complex.
The Toquima Range and the San Antonio Range to the south contain the Northumberland -Tonopah gold-silver belt that hosts at least ten gold-silver mines and properties in addition to the Toquima Property, including Round Mountain (Kinross), Gold Hill, Northumberland, Manhattan, Belmont, and Tonopah. The Property exhibits similarities with most of the other Au-Ag properties in the belt: low-sulfidation epithermal mineralization in caldera margin and/or range front fault zones in veins, stockworks, and breccias hosted in hydrothermally-altered felsic volcanic rocks. Mineralization in the Silver Reef Zone is hosted in the Late Oligocene-age Corcoran Canyon Tuff dated at 27.7 Ma and the Trail Canyon Tuff dated at 23.6 Ma. Three types of felsic intrusions are present on the Property, one or more of which may be related to mineralization.
Exploration on the Property over the last 46 years has outlined the Silver Reef Zone and discovered other mineralized zones. The Silver Reef Ag-Au deposit, a potentially economic zone of pervasive quartz-adularia-sulfide veining, stockwork, and disseminated mineralization accompanied by intense quartz-sericite-pyrite alteration, occurs in a NE-trending, northwest-dipping, zone 500 m wide and 600 m long and has been defined by surface mapping and sampling as well as drilling.
Elsewhere on the Property, exploration identified four additional mineralized zones: Zone M/N is located west of the Silver Reef zone and consists of pervasive quartz-sericite alteration and quartz-adularia veining in a NE trending zone about 800 meters long. Zone R/S is a large area of strong quartz-sericite alteration on the western end of the Property, with anomalous rock and soil assay values. Zone L comprises an ENE-trending Au-Sb-As soil-rock anomaly 100 m long, over a silicified breccia zone. In Zone F, Echo Bay reported rock assays up to 30 g/t Ag, NW of Silver Reef. Although Echo Bay’s subsequent soil samples did not generate an anomaly, Bullion River reported one Au-anomalous rock sample in a rhyolite intrusion.
Technical information in this news release has been approved by Raul Sanabria, M.Sc., P.Geo., VP of Exploration at Rover Metals Corp. and a Qualified Person for the purposes of National Instrument 43-101.
Private Placement
The Company also announces that it has re-priced its previously announced private placement (the “Private Placement”) (see Rover’s March 4, 2019 press release). The Company announces that it will seek to raise an aggregate of $1.25 million through the issuance of up to 20,833,333 units of the Company (each a “Unit”) at a price of $0.06 per Unit. Each Unit will be comprised of one common share in the capital of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to acquire one additional Common Share at an exercise price of $0.12 for a period of five (5) years from the date of issuance.
The Company currently anticipates that the net proceeds of the Private Placement will be allocated as follows: 65% for Toquima Project, 15% for Cabin Lake, and 20% for general and administrative expenses. Rover Metals anticipates closing the Private Placement in multiple closing and as funds are received.
About Rover Metals
Rover Metals is a natural resource exploration company specialized in precious metals that is currently focused on the Northwest Territories of Canada, one of the most mining friendly jurisdictions in North America. The Cabin Lake Group of High Grade Gold Projects are located within 20km of Fortune Minerals’ (TSX:FT) planned NICO Project gold-cobalt processor.
You can follow Rover Metals on its social media channels
Twitter: https://twitter.com/rovermetals
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Facebook: https://www.facebook.com/RoverMetals/
CEO.ca: https://ceo.ca/rovr for daily company updates and industry news.
ON BEHALF OF THE BOARD OF DIRECTORS
“Judson Culter”
Chief Executive Officer and Director
For further information, please contact:
Judson Culter
Email: judson@rovermetals.com
Phone: (604) 449-5347
Statement Regarding Forward-Looking Information
This news 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 will 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.