Category: Energy

Lion One Drills 448.98 g/t, 202.34 g/t, and 108.5 g/t Gold at Tuvatu, Provides Operations Update

Post author By admin
Post date April 25, 2024

North Vancouver, British Columbia–(Newsfile Corp. – April 25, 2024) – Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (“Lion One” or the “Company”) is pleased to report significant new high-grade gold results from ongoing infill and grade control drilling at its 100% owned Tuvatu Alkaline Gold Project in Fiji and provides an update to mining operations at Tuvatu.

Assay results are presented here for infill and grade control drilling completed in the Zone 2 area of Tuvatu and include multiple bonanza grade gold results such as 448.98 g/t, 202.34 g/t, 108.5 g/t, 92.89 g/t, and 82.35 g/t. These drill intercepts are all located in the near surface portion of Tuvatu and are scheduled for mining in the short term. The results included in this news release are from drill holes that targeted the URW1 and Murau lode systems proximal to underground development. Previous results from Zone 2 drilling are available in the news releases dated October 19, 2023 and September 14, 2023.

Mining operations are also advancing in Zone 2 and in Zone 5. A total of 2,630 m of sludge hole drilling has been completed in advance of longhole mining in Zone 2. In Zone 5, airleg stoping on the UR2 lode is ongoing, with two leadings stopes underway and sublevels being driven for a gallery stope. Longhole production drilling is expected to commence in both Zone 2 and Zone 5 in late April, generating production tonnes in mid-May.

Highlights of Zone 2 drill results (3.0 g/t cutoff):

226.55 g/t Au over 0.6 m (including 448.98 g/t Au over 0.3 m) (TGC-0113, from 84.6 m depth)
18.35 g/t Au over 4.8 m (including 40.99 g/t Au over 0.6 m) (TUDDH-686A, from 128.9 m depth)
9.99 g/t Au over 8.1 m (including 30.34 g/t Au over 0.3 m) (TGC-0121, from 65.0 m depth)
82.35 g/t Au over 0.9 m (including 82.35 g/t Au over 0.9 m) (TGC-0110, from 65.1 m depth)
7.48 g/t Au over 9 m (including 20.78 g/t Au over 0.9 m) (TGC-0118, from 86.3 m depth)
105.86 g/t Au over 0.6 m (including 202.34 g/t Au over 0.3 m) (TGC-0121, from 83.3 m depth)
14.9 g/t Au over 4.2 m (including 21.44 g/t Au over 2.4 m) (TUDDH-698, from 146.3 m depth)
8.27 g/t Au over 7.2 m (including 25.58 g/t Au over 0.3 m) (TGC-0127, from 66.0 m depth)
27.94 g/t Au over 2.1 m (including 54.65 g/t Au over 0.9 m) (TGC-0118, from 66.2 m depth)
15.72 g/t Au over 3.6 m (including 25.53 g/t Au over 1.2 m) (TUDDH-682, from 74.3 m depth)
16.29 g/t Au over 3.3 m (including 46.63 g/t Au over 0.6 m) (TGC-0130, from 107.8 m depth)
33.92 g/t Au over 1.5 m (including 92.89 g/t Au over 0.3 m) (TGC-0134, from 113.8 m depth)
20.86 g/t Au over 2.4 m (including 23.67 g/t Au over 1.2 m) (TGC-0125, from 14.4 m depth)
11.08 g/t Au over 4.5 m (including 46.77 g/t Au over 0.6 m) (TGC-0102, from 41.4 m depth)
13.18 g/t Au over 3.3 m (including 22.4 g/t Au over 0.9 m) (TGC-0125, from 100.2 m depth)

Highlights of operations update:

2,630 m of sludge hole drilling complete in the URW1 and Murau lodes in Zone 2.
Airleg mining of the UR2 leading stopes ongoing in Zone 5.
Two longhole drill rigs successfully commissioned.
Two remote capable loaders to be commissioned by early May.
Upgrades to CIL circuit advancing, two new blowers to be installed in late April and early May.

Figure 1. Location of Zone 2 infill and grade control drillholes. Left image: Plan view of Tuvatu showing Zone 2 infill and grade control drillholes in relation to the mineralized lodes at Tuvatu, shown in grey. Right image: Oblique view of Zone 2 infill and grade control drilling looking approximately northeast.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/206800_93e3f6c7e4916a2f_001full.jpg

Table 1. Highlights of composited infill and grade control drill results in the Zone 2 area, 3.0 g/t Au cutoff. For full results see Table 3 in the appendix.

Hole ID		From	To	Interval (m)	Au (g/t)
TGC-0113		84.6	85.2	0.6	226.55
	including	84.6	84.9	0.3	448.98
TUDDH-686A		128.9	133.7	4.8	18.35
	including	128.9	129.5	0.6	20.80
	and	129.5	130.1	0.6	40.99
	and	130.7	131.3	0.6	9.97
	and	131.9	132.8	0.9	30.02
	and	132.8	133.4	0.6	18.88
	and	133.4	133.7	0.3	13.23
TGC-0121		65.0	73.1	8.1	9.99
	including	65.0	65.3	0.3	30.34
	and	68.3	69.2	0.9	11.96
	and	70.1	71.3	1.2	22.51
	and	71.3	72.2	0.9	12.22
	and	72.2	73.1	0.9	15.63
TGC-0110		65.1	66.0	0.9	82.35
TGC-0118		86.3	95.3	9.0	7.48
	including	87.2	88.1	0.9	20.27
	and	91.1	92.3	1.2	8.33
	and	93.2	94.1	0.9	20.78
TGC-0121		83.3	83.9	0.6	105.86
	including	83.3	83.6	0.3	9.38
	and	83.6	83.9	0.3	202.34
TUDDH-698		146.3	150.5	4.2	14.90
	including	146.3	146.9	0.6	20.45
	and	146.9	147.5	0.6	28.43
	and	147.5	148.1	0.6	20.89
	and	148.1	148.7	0.6	15.99
	and	149.3	150.5	1.2	8.96
TGC-0127		66.0	73.2	7.2	8.27
	including	66.0	66.6	0.6	25.25
	and	67.2	67.8	0.6	8.10
	and	69.9	70.2	0.3	15.57
	and	70.2	70.5	0.3	13.03
	and	70.5	71.1	0.6	7.91
	and	71.1	71.4	0.3	6.29
	and	71.4	71.7	0.3	19.87
	and	71.7	72.0	0.3	25.58
TGC-0118		66.2	68.3	2.1	27.94
	including	66.2	67.1	0.9	54.65
	and	67.1	68.3	1.2	7.91
TUDDH-682		74.3	77.9	3.6	15.72
	including	74.3	75.5	1.2	25.53
	and	76.4	77.3	0.9	11.87
	and	77.3	77.9	0.6	25.25
TGC-0130		107.8	111.1	3.3	16.29
	including	107.8	108.4	0.6	8.66
	and	108.4	109.0	0.6	46.63
	and	109.0	109.6	0.6	17.82
	and	110.2	111.1	0.9	8.16
TGC-0134		113.8	115.3	1.5	33.92
	including	113.8	114.1	0.3	58.96
	and	114.1	114.4	0.3	92.89
	and	114.4	114.7	0.3	9.39
TGC-0125		14.4	16.8	2.4	20.86
	including	14.4	14.7	0.3	8.60
	and	14.7	15.9	1.2	23.67
	and	15.9	16.8	0.9	21.22
TGC-0102		41.4	45.9	4.5	11.08
	including	41.4	42	0.6	15.02
	and	42.9	43.5	0.6	46.77
	and	43.5	43.8	0.3	11.96
	and	44.7	45.3	0.6	7.21
TGC-0125		100.2	103.5	3.3	13.18
	including	100.2	100.8	0.6	25.65
	and	100.8	101.1	0.3	15.69
	and	101.1	101.4	0.3	10.76
	and	102.3	102.6	0.3	15.92
	and	102.9	103.2	0.3	21.22
	and	103.2	103.5	0.3	30.11

Zone 2 Drilling

The Zone 2 area of Tuvatu is located in the northwest part of the deposit, near the main portal. The URW1 and Murau lode systems are the primary mineralized systems in Zone 2, with production mining starting first in URW1 and then in Murau. A total of 38 drill holes are reported in this news release, including 18 targeting the URW1 lodes and 20 targeting the Murau system.

The URW1 drilling reported here was designed to provide grade control results between the 1161 and 1101 levels in Zone 2, and to provide infill and down-dip extension results in the URW1 system below the 1101 level. Leading edge airleg stoping has been completed on the 1141 level, and a 5 m wide access drive on the 1161 level has also been completed. The 1161 access drive will provide longhole drill and underground loader access to the upper part of the URW1 lode system for mechanized production.

Figure 2. Zone 2 URW1 drilling with high-grade intersects highlighted, 3.0 g/t gold cutoff. Drilling below the 1101 level is targeting URW1 down-dip extension, drilling above the 1101 level is grade control drilling.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/206800_93e3f6c7e4916a2f_002full.jpg

The Murau drilling reported here was designed to provide infill and grade control results in the upper portion of the Murau lode system, which will be the first part of the system to be mined and is scheduled for production in Q3 2024. The Murau lode system dips moderately to the SSW and is open down dip and at depth. The upper portion of the system that is targeted for near-term mining has a strike length of 80m and extends down dip for a length of 100 m.

Figure 3. Zone 2 Murau drilling with high-grade intersects highlighted, 3.0 g/t gold cutoff. The Murau lode system will be the second area to enter production in Zone 2 after the URW1 lode system. The drilling shown here is infill and grade control drilling in the upper portion of the system. View is to the southeast, looking approximately down the decline from the entrance portal. The intersections on the bottom left of the image represent newly discovered mineralized lodes to be followed up with near-mine exploration drilling.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/206800_93e3f6c7e4916a2f_003full.jpg

Operations Update

The URW1 lodes will be the first at Tuvatu to undergo mechanized production mining. Development has been ongoing across the 1101, 1121, 1141, and 1161 levels in advance of production. A leading airleg stope has been completed on the 1141 level, and the 1141 A and B vein drives are undergoing stripping to facilitate larger equipment, in preparation for bulk stoping. An access drive has been completed on the 1161 level and will provide access for the longhole drills and larger loaders.

The URW1 lodes consist of primary subvertical veins with a halo of stockwork mineralization. Sludge drilling is being conducted in advance of mining to confirm the extent of stockwork mineralization beyond the primary vein as well as to inform the final stope design. A total of 1,930 m of sludge hole drilling has been completed in the URW1 lode system. Sludge hole drilling on the 1101 level is complete (1,200 m) and is ongoing on the 1121 and 1141 levels (730 m complete to date). Longhole drilling will commence in the URW1 lode system in late April with production mining of the 1101 level starting in May. Sludge drilling has also commenced on the Murau lode system with 700 m complete to date.

Figure 4. Zone 2 mine development and sludge drilling. Sludge drilling on the 1101 level is complete and is ongoing on the 1121 and 1141 levels. Longhole drilling is scheduled to begin on the 1101 level in late April.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/206800_93e3f6c7e4916a2f_004full.jpg

In Zone 5, airleg stoping on the UR2 lode is underway on the 1130 North level and on the 1120 South level. Airleg development is ongoing on the URW3 lode with airleg rises planned above the 1126 Sublevel. Mineralization in the UR2 and URW3 lodes is predominantly subvertical high-grade narrow-vein gold with minimal stockwork veining. Longhole mining is scheduled to take place in Zone 5 on the 1120 North UR2 drive, beginning in May.

Figure 5. Oblique view of Zone 5 development. Airleg stoping of the UR2 lode is ongoing on the 1130 North and 1120 South levels. Airleg development on the URW3 lode is ongoing on the 1126 Sublevel. The first area scheduled for longhole mining in Zone 5 will be the 1120 North drive on the UR2 lode.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/206800_93e3f6c7e4916a2f_005full.jpg

Two remote-capable loaders required to facilitate the extraction of material from longhole stopes have been acquired. A CAT 1700 loader fitted with remote technology will be commissioned in May for bogging of the 1101 bulk stope at the URW1 lodes, and a CAT 1300 remote loader from Australia is now on site and will also be commissioned in early May. These loaders will enable increased production from the mine.

The first of two blowers ordered to upgrade the CIL circuit and improve aeration within the tanks has arrived on site and will be installed by April 30, 2024. The second blower is scheduled to arrive by the end of April and will be installed in early May. Air sparger installation in the CIL tanks was completed in April resulting in improved aeration and gold recovery in the CIL circuit, with gold recoveries of over 80% achieved. Installation of the new blowers is anticipated to further improve aeration and recoveries in the CIL circuit.

Qualified Person (NI43-101)
In accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43- 101”), Alex Nichol, MAIG, VP Geology and Exploration, is the Qualified Person for the Company, and has reviewed, validated, and approved the technical and scientific content of this news release.

Lion One Laboratories / QAQC
Lion One adheres to rigorous QAQC procedures above and beyond basic regulatory guidelines in conducting its drilling, sampling, testing, and analyses. The Company operates its own geochemical assay laboratory and its own fleet of 7 diamond drill rigs using PQ, HQ and NQ sized drill rods.

Diamond drill core samples are logged and split by Lion One personnel on site and delivered to the Lion One Laboratory for preparation and analysis. All samples are pulverized at the Lion One lab to 85% passing through 75 microns and gold analysis is carried out using fire assay with an AA finish. Samples that return grades greater than 10.00 g/t Au are re-analyzed by gravimetric method, which is considered more accurate for very high-grade samples.

Duplicates of 5% of samples with grades above 0.5 g/t Au are delivered to ALS Global Laboratories in Australia for check assay determinations using the same methods (Au-AA26 and Au-GRA22 where applicable). ALS also analyses 33 pathfinder elements by HF-HNO3-HClO4 acid digestion, HCl leach and ICP-AES (method ME-ICP61). The Lion One lab can test a range of up to 71 elements through Inductively Coupled Plasma Optical Emission Spectrometry (ICP-OES), but currently focuses on a suite of 23 important pathfinder elements with an aqua regia digest and ICP-OES finish.

About Lion One Metals Limited
Lion One Metals is an emerging Canadian gold producer headquartered in North Vancouver BC, with new operations established in late 2023 at its 100% owned Tuvatu Alkaline Gold Project in Fiji. The Tuvatu project comprises the high-grade Tuvatu Alkaline Gold Deposit, the Underground Gold Mine, the Pilot Plant, and the Assay Lab. The Company also has an extensive exploration license covering the entire Navilawa Caldera, which is host to multiple mineralized zones and highly prospective exploration targets.

Contact Information
Investor inquiries: info@liononemetals.com
Phone:1-855-805-1250 (toll free North America)
Website: www.liononemetals.com

Neither the TSX-V nor its Regulation Service Provider accepts responsibility or 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 labor 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.

Appendix 1: Full Drill Results and Collar Information

Table 2. Collar coordinates for drillholes reported in this release. Coordinates are in Fiji map grid.

Hole ID	Easting	Northing	Elevation	Azimuth	Dip	Depth
TGC-0102	1876266	3920768	152	24.7	-60.3	65.6
TGC-0103	1876266	3920768	152	26.6	-45.6	71.8
TGC-0104	1876267	3920763	152	52.9	-45.6	62.6
TGC-0105	1876268	3920762	152	56.5	-38.6	200.7
TGC-0108	1876267	3920762	151	56.4	-72.4	66.7
TGC-0110	1876268	3920763	153	50.6	-17.6	80.2
TGC-0111	1876268	3920763	153	54.3	-10.8	80.4
TGC-0113	1876269	3920758	153	85.0	-2.0	115.9
TGC-0115	1876269	3920758	153	76.8	3.9	107.0
TGC-0117	1876375	3920628	128	355.2	-19.0	135.0
TGC-0118	1876269	3920758	152	76.3	-14.2	107.3
TGC-0119	1876375	3920628	127	348.7	-29.2	120.7
TGC-0120	1876374	3920628	128	327.3	-18.6	150.0
TGC-0121	1876269	3920758	152	82.9	-12.8	107.3
TGC-0122	1876269	3920757	152	88.0	-16.6	113.3
TGC-0123	1876375	3920628	128	347.3	-18.8	11.5
TGC-0124	1876375	3920628	128	341.3	-19.4	125.2
TGC-0125	1876268	3920757	152	92.7	-36.5	125.7
TGC-0126	1876375	3920628	127	341.0	-26.1	120.8
TGC-0127	1876268	3920757	151	98.6	-70.0	83.5
TGC-0128	1876375	3920628	128	330.3	-19.7	120.4
TGC-0129	1876267	3920756	151	135.1	-79.6	26.2
TGC-0130	1876375	3920628	128	338.6	-8.3	130.3
TGC-0131	1876267	3920757	151	127.4	-78.7	95.8
TGC-0132	1876375	3920628	128	350.0	-19.5	11.5
TGC-0133	1876375	3920628	128	348.8	-19.8	135.3
TGC-0134	1876375	3920628	128	337.7	-18.5	125.0
TGC-0136	1876375	3920628	127	337.4	-26.6	120.7
TUDDH-682	1876259	3920803	203	63.8	-71.1	101.4
TUDDH-683	1876225	3920709	218	27.2	-65.2	170.5
TUDDH-684	1876260	3920802	203	75.0	-61.1	100.0
TUDDH-686	1876225	3920709	218	36.9	-58.2	25.0
TUDDH-686A	1876225	3920709	218	36.5	-58.1	160.1
TUDDH-689	1876260	3920801	203	79.2	-67.3	105.1
TUDDH-694	1876259	3920803	203	44.4	-81.1	99.8
TUDDH-697	1876259	3920804	203	36.6	-69.2	96.2
TUDDH-698	1876224	3920708	218	37.6	-66.3	180.0
TUDDH-700	1876254	3920802	203	18.6	-72.3	95.4

Table 3. Composited results from infill and grade control drillholes in the Zone 2 area (grade >3.0 g/t Au)

Hole ID		From	To	Interval (m)	Au (g/t)
TGC-0102		7.5	8.1	0.6	7.23
TGC-0102		18.3	18.6	0.3	5.56
TGC-0102		41.4	45.9	4.5	11.08
	including	41.4	42	0.6	15.02
	and	42.9	43.5	0.6	46.77
	and	43.5	43.8	0.3	11.96
	and	44.7	45.3	0.6	7.21
	and	45.3	45.9	0.6	4.29
TGC-0102		48.3	48.6	0.3	6.56
TGC-0103		22.2	22.5	0.3	9.70
TGC-0103		25.8	26.1	0.3	11.26
TGC-0103		38.7	40.5	1.8	3.99
	including	38.7	39.6	0.9	3.84
	and	39.6	40.5	0.9	4.15
TGC-0103		41.7	43.5	1.8	10.38
	including	41.7	42.6	0.9	5.15
	and	42.6	42.9	0.3	27.32
	and	42.9	43.5	0.6	9.76
TGC-0103		50.7	52.8	2.1	5.29
	including	50.7	51.6	0.9	3.52
	and	52.2	52.5	0.3	10.85
	and	52.5	52.8	0.3	9.80
TGC-0104		19.2	19.5	0.3	15.22
TGC-0104		45.6	47.4	1.8	4.06
	including	45.6	46.2	0.6	9.88
	and	47.1	47.4	0.3	4.62
TGC-0104		49.8	50.4	0.6	3.46
TGC-0104		52.2	53.4	1.2	5.01
	including	52.2	52.5	0.3	3.08
	and	52.5	52.8	0.3	8.36
	and	52.8	53.4	0.6	4.31
TGC-0105		22.5	22.8	0.3	8.86
TGC-0105		46.5	47.7	1.2	10.88
TGC-0105		52.5	54.0	1.5	3.99
	including	52.5	52.8	0.3	3.79
	and	53.7	54.0	0.3	14.85
TGC-0105		135.3	136.2	0.9	4.32
TGC-0105		181.2	182.1	0.9	25.59
TGC-0108		13.2	13.5	0.3	5.25
TGC-0108		47.1	47.4	0.3	3.98
TGC-0108		48.9	50.1	1.2	5.43
TGC-0110		30.9	32.1	1.2	6.14
TGC-0110		39.9	40.2	0.3	108.50
TGC-0110		60.9	61.2	0.3	3.60
TGC-0110		65.1	66.0	0.9	82.35
TGC-0110		68.1	69.0	0.9	4.83
TGC-0110		74.1	74.4	0.3	7.02
TGC-0111		43.2	43.8	0.6	3.24
TGC-0111		51.6	52.2	0.6	4.27
TGC-0111		56.1	56.7	0.6	9.85
TGC-0111		59.1	64.2	5.1	4.90
	including	59.1	59.7	0.6	3.51
	and	60.6	61.2	0.6	7.28
	and	61.8	62.4	0.6	7.06
	and	62.4	63.0	0.6	10.23
	and	63.0	63.6	0.6	6.67
	and	63.6	64.2	0.6	6.97
TGC-0111		68.4	69.0	0.6	12.07
TGC-0111		75.6	76.5	0.9	3.07
TGC-0111		78.6	79.2	0.6	4.36
TGC-0113		48.0	48.6	0.6	4.76
TGC-0113		66.6	66.9	0.3	4.87
TGC-0113		68.7	69.0	0.3	5.26
TGC-0113		70.8	72.3	1.5	5.53
	including	70.8	71.7	0.9	7.00
	and	71.7	72.3	0.6	3.33
TGC-0113		77.4	78.0	0.6	4.38
TGC-0113		82.5	82.8	0.3	6.77
TGC-0113		84.6	85.2	0.6	226.55
	including	84.6	84.9	0.3	448.98
	and	84.9	85.2	0.3	4.12
TGC-0115		15.0	15.3	0.3	5.18
TGC-0115		74.4	75.0	0.6	26.70
	including	74.4	74.7	0.3	4.44
	and	74.7	75.0	0.3	48.96
TGC-0115		79.2	79.8	0.6	7.43
TGC-0115		94.5	94.8	0.3	5.84
TGC-0117		81.9	82.2	0.3	9.30
TGC-0118		15.2	16.1	0.9	10.45
TGC-0118		66.2	68.3	2.1	27.94
	including	66.2	67.1	0.9	54.65
	and	67.1	68.3	1.2	7.91
TGC-0118		72.2	76.1	3.9	6.92
	including	72.2	73.1	0.9	6.79
	and	73.1	74.3	1.2	7.55
	and	74.3	75.2	0.9	6.79
	and	75.2	76.1	0.9	6.37
TGC-0118		82.1	84.2	2.1	4.10
	including	82.1	83.3	1.2	3.41
	and	83.3	84.2	0.9	5.02
TGC-0118		86.3	95.3	9.0	7.48
	including	86.3	87.2	0.9	5.20
	and	87.2	88.1	0.9	20.27
	and	88.1	89.3	1.2	5.46
	and	90.2	91.1	0.9	4.03
	and	91.1	92.3	1.2	8.33
	and	93.2	94.1	0.9	20.78
	and	94.1	95.3	1.2	4.00
TGC-0119		82.6	82.9	0.3	23.21
TGC-0121		15.8	16.4	0.6	7.17
	including	15.8	16.1	0.3	4.30
	and	16.1	16.4	0.3	10.05
TGC-0121		36.8	37.7	0.9	9.87
	including	36.8	37.1	0.3	5.95
	and	37.1	37.4	0.3	12.68
	and	37.4	37.7	0.3	10.99
TGC-0121		65.0	73.1	8.1	9.99
	including	65.0	65.3	0.3	30.34
	and	65.3	66.2	0.9	3.71
	and	67.1	68.3	1.2	3.92
	and	68.3	69.2	0.9	11.96
	and	70.1	71.3	1.2	22.51
	and	71.3	72.2	0.9	12.22
	and	72.2	73.1	0.9	15.63
TGC-0121		83.3	83.9	0.6	105.86
	including	83.3	83.6	0.3	9.38
	and	83.6	83.9	0.3	202.34
TGC-0121		90.2	91.1	0.9	6.28
TGC-0121		99.2	100.1	0.9	6.46
TGC-0122		14.7	15.3	0.6	3.47
TGC-0122		22.5	23.4	0.9	13.80
	including	22.5	23.1	0.6	7.89
	and	23.1	23.4	0.3	25.64
TGC-0122		64.2	66.3	2.1	4.62
	including	64.2	64.8	0.6	9.79
	and	64.8	65.1	0.3	6.38
	and	65.7	66.3	0.6	3.22
TGC-0122		111.6	113.3	1.7	5.37
	including	111.6	112.2	0.6	9.99
	and	112.8	113.3	0.5	3.69
TGC-0124		103.5	103.8	0.3	13.87
TGC-0125		14.4	16.8	2.4	20.86
	including	14.4	14.7	0.3	8.60
	and	14.7	15.9	1.2	23.67
	and	15.9	16.8	0.9	21.22
TGC-0125		85.8	87.0	1.2	5.42
	including	85.8	86.1	0.3	5.16
	and	86.7	87.0	0.3	10.58
TGC-0125		100.2	103.5	3.3	13.18
	including	100.2	100.8	0.6	25.65
	and	100.8	101.1	0.3	15.69
	and	101.1	101.4	0.3	10.76
	and	102.3	102.6	0.3	15.92
	and	102.9	103.2	0.3	21.22
	and	103.2	103.5	0.3	30.11
TGC-0126		88.7	89.0	0.3	4.81
TGC-0127		10.2	10.5	0.3	3.38
TGC-0127		52.5	52.8	0.3	7.86
TGC-0127		66.0	73.2	7.2	8.27
	including	66.0	66.6	0.6	25.25
	and	67.2	67.8	0.6	8.10
	and	67.8	68.4	0.6	4.49
	and	68.4	69.3	0.9	4.33
	and	69.9	70.2	0.3	15.57
	and	70.2	70.5	0.3	13.03
	and	70.5	71.1	0.6	7.91
	and	71.1	71.4	0.3	6.29
	and	71.4	71.7	0.3	19.87
	and	71.7	72.0	0.3	25.58
	and	72.6	72.9	0.3	3.82
	and	72.9	73.2	0.3	4.43
TGC-0129		9.3	10.2	0.9	11.03
	including	9.3	9.6	0.3	18.79
	and	9.6	10.2	0.6	7.16
TGC-0130		106.0	106.6	0.6	4.11
TGC-0130		107.8	111.1	3.3	16.29
	including	107.8	108.4	0.6	8.66
	and	108.4	109.0	0.6	46.63
	and	109.0	109.6	0.6	17.82
	and	109.6	110.2	0.6	4.27
	and	110.2	111.1	0.9	8.16
TGC-0131		65.8	66.7	0.9	10.99
TGC-0133		82.2	82.8	0.6	43.89
TGC-0134		95.5	96.4	0.9	3.62
TGC-0134		110.8	111.4	0.6	4.90
TGC-0134		113.8	115.3	1.5	33.92
	including	113.8	114.1	0.3	58.96
	and	114.1	114.4	0.3	92.89
	and	114.4	114.7	0.3	9.39
	and	114.7	115.3	0.6	4.18
TGC-0135		120.3	121.2	0.9	4.71
TGC-0136		90.0	90.9	0.9	29.78
TGC-0136		92.1	93.0	0.9	3.43
TGC-0136		100.2	100.5	0.3	3.27
TUDDH-682		24.5	24.8	0.3	3.55
TUDDH-682		63.8	64.4	0.6	7.01
TUDDH-682		68.6	69.8	1.2	8.16
	including	68.6	69.2	0.6	9.79
	and	69.2	69.8	0.6	6.53
TUDDH-682		74.3	77.9	3.6	15.72
	including	74.3	75.5	1.2	25.53
	and	76.4	77.3	0.9	11.87
	and	77.3	77.9	0.6	25.25
TUDDH-684		59.5	60.1	0.6	3.45
TUDDH-684		73.0	75.7	2.7	5.29
	including	73.0	74.2	1.2	9.06
	and	74.8	75.7	0.9	3.79
TUDDH-684		77.5	77.8	0.3	10.35
TUDDH-684		78.7	79.0	0.3	3.54
TUDDH-686A		86.3	87.5	1.2	5.78
TUDDH-686A		116.0	116.6	0.6	3.79
TUDDH-686A		128.9	133.7	4.8	18.35
	including	128.9	129.5	0.6	20.80
	and	129.5	130.1	0.6	40.99
	and	130.1	130.7	0.6	4.38
	and	130.7	131.3	0.6	9.97
	and	131.9	132.8	0.9	30.02
	and	132.8	133.4	0.6	18.88
	and	133.4	133.7	0.3	13.23
TUDDH-686A		136.7	137.0	0.3	5.04
TUDDH-686A		139.4	140.6	1.2	3.24
TUDDH-689		63.3	63.9	0.6	13.42
TUDDH-689		73.8	75.0	1.2	4.80
TUDDH-689		81.0	81.3	0.3	9.24
TUDDH-694		28.9	29.5	0.6	8.03
	including	28.9	29.2	0.3	4.29
	and	29.2	29.5	0.3	11.78
TUDDH-694		68.2	68.5	0.3	3.34
TUDDH-694		72.4	75.4	3.0	6.09
	including	72.4	73.0	0.6	12.02
	and	73.6	74.8	1.2	3.65
	and	74.8	75.4	0.6	9.78
TUDDH-694		76.6	77.8	1.2	9.54
	including	76.6	77.2	0.6	3.60
	and	77.2	77.8	0.6	15.48
TUDDH-697		62.5	63.1	0.6	3.90
TUDDH-697		66.7	67.3	0.6	3.76
TUDDH-698		146.3	150.5	4.2	14.90
	including	146.3	146.9	0.6	20.45
	and	146.9	147.5	0.6	28.43
	and	147.5	148.1	0.6	20.89
	and	148.1	148.7	0.6	15.99
	and	149.3	150.5	1.2	8.96
TUDDH-698		152.3	152.6	0.3	63.56
TUDDH-698		153.8	155.6	1.8	3.67
	including	153.8	154.4	0.6	4.94
	and	154.4	154.7	0.3	7.02
	and	155.3	155.6	0.3	3.81
TUDDH-698		156.8	159.5	2.7	16.10
	including	156.8	157.4	0.6	5.81
	and	157.4	158.6	1.2	25.47
	and	158.6	159.2	0.6	12.86
	and	159.2	159.5	0.3	5.76
TUDDH-700		68.7	69.3	0.6	9.29
TUDDH-700		73.5	73.8	0.3	3.25

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/206800

Energy Junior Mining Precious Metals Uncategorized

Gold’s record-setting rally may have its roots in Chinese frenzy

Post author By admin
Post date April 24, 2024

Bloomberg News | April 23, 2024 | 5:11 pm Intelligence Markets China Gold

Gold’s record-setting rally this year has puzzled market watchers as bullion has roared higher despite headwinds that should have held it back. With prices sagging this week, the explanation may lie in China.

After weeks of debate about whether a mystery buyer was stoking the rally, several prominent figures in the global gold market are coming to the conclusion that the major new driving force is a legion of fleet-footed retail investors on the Shanghai Futures Exchange.

SIGN UP FOR THE PRECIOUS METALS DIGEST

In a matter of weeks, the SHFE has gone from a sedate futures venue to a nexus of the global gold market. While rival centers such as London and New York have also seen activity rise, the fact that SHFE volumes have spiked from a low base offers a compelling sign that a newly arrived cohort of Chinese investors has helped drive prices sharply higher.

Gold has soared this year, topping $2,000 an ounce from early March in the face of major pressures that, in ordinary times, would have capped gains. Driven by fading expectations for a pivot to lower interest rates from the Federal Reserve, these included higher Treasury yields and a rallying US dollar. On top of that, there was a virtual buyers’ strike in India, the second-largest consumer, disinterest from western funds, and net sales by exchange-traded funds. Yet SHFE volumes started to spike, and prices powered higher.

“The only thing that drives it in a Bitcoin-esque kind of way is massive speculative plays,” according to Ross Norman, a former trader at Credit Suisse Group AG and Rothschilds & Sons., who now helms the Metals Daily journal.

Given elevated rates and the dollar’s strength, that’s unlikely to have come from hot-money in the US, so the most likely buyers would be highly leveraged Chinese investors, he said.

Gold has a longstanding history in China as a savings tool, and the country is the top consumer and leading producer. That traditional interest has been given a new lease of life by turmoil in the local property and stock markets, with imports surging in 2022 and 2023 despite being tightly controlled.

Buying spree

For months, consumers and institutional investors in China have been snapping up physical bullion, while the People’s Bank of China has been on a 17-month buying spree. Those two forces, which helped buoy international prices, have now been augmented by surging speculative demand.

Numbers back up the theory. Trading on the SHFE has exploded, with average daily volume almost tripling in April compared with the preceding 12 months. It peaked at about 1,200 tons on April 15, the highest since 2019, before prices started to sag this week.

https://www.mining.com/web/china-is-front-and-center-of-golds-record-breaking-rally/embed/#?secret=Jbq5B8gBXH#?secret=BWK5nFgia4

“It’s another sign of emerging markets, and particularly Chinese traders, wresting price discovery away from Western markets,” said John Reade, chief market strategist at the World Gold Council. “We know from other commodity markets, that from time-to-time, Shanghai traders become the most dominant players. That’s never really been the case in gold, but I think now that this might have changed.”

For long-haul gold bulls, that could be a worry if gains prove brittle. State media recently urged caution in chasing the rally, while the SHFE raised margin requirements to snuff out excessive risk-taking.

It’s notable that while SHFE volumes have soared, the number of outstanding contracts has hardly moved. That indicates participants day-trading, not taking a long-term view. Bullion fell 2.7% on Monday and losses deepened Tuesday, in a move that Reade attributed to profit-taking by short-term investors on the exchange.

‘Extreme example’

“It’s a bit of a feature of onshore Chinese markets, albeit a relatively extreme example,” said Marcus Garvey, head of commodity strategy at Macquarie Group Ltd. There’s “much more short-term speculative turnover,” he said.

Not everyone thinks Chinese investors are the major driver behind gold’s ascent. “It’s not just mom-and-pop traders and it’s not just China,” said Jeff Christian, managing director at CPM Group. “It’s really a broad-based thing. There isn’t all that much difference now in the trading behavior of large institutions compared to mom-and-pop people.”

Gold may be in favor as higher-for-longer US interest rates to tame inflation may tip the economy into recession, according to Christian. “They’re all becoming convinced that interest rates aren’t going to fall too soon,” he said. “That could be negative for other assets more than it would be for gold.”

Samson Li, a Hong Kong-based analyst at Commodity Discovery Fund, sees a more nuanced picture. Rather than being a direct driver of prices, the frenzied demand in China has encouraged western speculators to ramp up bets on gains in New York, he said.

The debate about how long Chinese investors will stick around is tied to the question of what brought them to SHFE in the first place. Institutional and retail traders on SHFE may be buying gold to bet on short-term fluctuations in the yuan. This year, the exchange’s night session has been the most active, just when a raft of hot US economic data has driven the dollar higher.

Daniel Ghali, a senior commodity strategist at TD Securities, has also been on the hunt to identify gold’s mystery buyer, and he still thinks that the dominant force is likely to be a deep-pocketed buyer in the so-called official sector, which covers state-linked institutions such as central banks and sovereign wealth funds. But he says buying activity there has also been closely correlated with weakness in the yuan, and investors on SHFE may be acting with the same underlying motivations.

“The trading activity on the SHFE, it does point to retail speculation and that could be associated with the currency pressures,” said Ghali. “It’s not just an issue for the central banks out there – it’s an issue for everyday participants who see that their currency is depreciating and want to hedge against it.”

(By Mark Burton, Sybilla Gross and Yvonne Yue Li)

Original Source: https://www.mining.com/web/golds-record-setting-rally-may-have-its-roots-in-chinese-frenzy/

Base Metals Energy Junior Mining

Ranked: The Top 10 EV Battery Manufacturers in 2023

Post author By admin
Post date April 24, 2024

The Top 10 EV Battery Manufacturers in 2023

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

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

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

Chinese Dominance

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

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

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

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

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

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

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

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

Base Metals Energy Junior Mining

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

Post author By admin
Post date April 24, 2024

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

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

Available for 1×1 meetings: May 2

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

About F3 Uranium Corp.

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

About Patterson Lake North:

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

Forward Looking Statements

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

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

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

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

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

Base Metals Dolly Varden Silver Energy Junior Mining Precious Metals Uncategorized

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

Post author By admin
Post date April 23, 2024

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

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

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

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

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

Wolf Vein

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

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

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

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

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

Homestake Silver

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

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

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

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

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

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

Exploration Targets including Moose Vein

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

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

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

Quality Assurance and Quality Control

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

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

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

Qualified Person

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

About Dolly Varden Silver Corporation

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

Forward Looking Statements

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

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

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

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

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

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

Base Metals Energy Junior Mining Precious Metals

Riverside Expands Pichette Gold Project Target, Progressing Discovery in NW Ontario

Post author By admin
Post date April 17, 2024

Vancouver, British Columbia–(Newsfile Corp. – April 17, 2024) – Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) (“Riverside” or the “Company”), is pleased to announce it has expanded the targeting area at the Pichette Project 60 km west of Greenstone Gold’s open pit mining operations in Geraldton, Ontario. Riverside’s work with structural geology and geochemistry has progressed the targeting of two new areas. At Pichette, structural geologic intersections of favorable lithology particularly with banded iron formation (BIF) are key to hosting mineralization as was noted in the nearby, past-producing Leitch and Sand River mines, where operations produced at or above 2/3 ounce per ton gold commonly producing at over 1 oz Au per ton (OGS, OFR 5538).

Structures associated with banded iron formation units were well defined by the recent drone magnetic survey. Working with this data with field information, Riverside was able to locate and sample key new outcrops of mineralized banded iron formation believed to be the PAT veins which have been drilled in the past. Several samples were taken from the vein along a 50m exposed section that returned 1m chip samples of 13g/t and 21 g/t gold within banded iron formation units (see NR, February 29, 2024). Recent logging has exposed a lot of outcrops for examination which will hopefully allow the Company to locate some of the historic drill pads or collars.

“Riverside is progressing work in NW Ontario along the Geraldton-Beardmore Greenstone Gold Belt and continues to refine and improve the Company’s targeting for gold in the three main target environments similar to those at Greenstone Gold where open pit production is beginning this year and will be the 4^th largest open pit gold producer in Canada of a scale similar to Detour Gold” states Riverside’s President and CEO, John-Mark Staude.

The Pichette Project has excellent road access and infrastructure being located immediately south of the Trans-Canada Highway. The project is underlain by an east-west trending panel of Archean-aged metavolcanic and metasedimentary rocks intruded by gabbros and porphyries. Metamorphism and tectonics have in most cases upgraded the tenor of gold mineralization in the belt between Beardmore and Geraldton. The Company analysis interprets the first phase of deformation resulted in folding of the Banded Iron Formations and north-south shortening of intrusions with most of the vein mineralization occurring during a second sinistral shearing event. These rocks were again subjected to a third dextral shearing event which resulted in some remobilization in metals.

Figure 1: Location of the Pichette Project within the Beardmore-Geraldton Greenstone Belt showing the new open pit gold operations at Geraldton 60 km east of Pichette. Historic Production values from Ontario Geological Survey, OFR 5538.

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Riverside is also working to progress amicable discussions with the traditional territorial groups and has filed work plans that are consistent with the collective vision of what could be worked on and progressed. Riverside welcomes this approach and looks forward to further discussions with the related parties.

Rick Rule Online Conference:

The Company is a sponsor and will be meeting investors on April 20th at the Rick Rule Prospect Generator Bootcamp. Investors and interested parties can register and attend all day, online event at the following link: https://events.ringcentral.com/events/rick-rule-2024-spring-bootcamp/registration. This bootcamp will highlight some of the leading Prospect Generator companies and go over the unique business and investing opportunities these companies provide. Riverside has a strong balance sheet, with over C$6,000,000 in cash, fewer than 75M shares outstanding and no warrants, while being a publicly traded company for over 17 years, which has been achieved by adhering to its Prospect Generator model.

Qualified Person:

This news release was reviewed by Freeman Smith, P.Geo., a non-independent qualified person to Riverside Resources, who is responsible for ensuring that the geologic information provided within this news release is accurate and who acts as a “qualified person” under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

About Riverside Resources Inc.:

Riverside is a well-funded exploration company driven by value generation and discovery. The Company has over $6M in cash, no debt and less than 75M shares outstanding with a strong portfolio of gold-silver and copper assets and royalties in North America. Riverside has extensive experience and knowledge operating in Mexico and Canada and leverages its large database to generate a portfolio of prospective mineral properties. In addition to Riverside’s own exploration spending, the Company also strives to diversify risk by securing joint-venture and spin-out partnerships to advance multiple assets simultaneously and create more chances for discovery. Riverside has properties available for option, with information available on the Company’s website at www.rivres.com.

ON BEHALF OF RIVERSIDE RESOURCES INC.

“John-Mark Staude”

Dr. John-Mark Staude, President & CEO

For additional information contact:

John-Mark Staude
President, CEO
Riverside Resources Inc.
info@rivres.com
Phone: (778) 327-6671
Fax: (778) 327-6675
Web: www.rivres.com

Mehran Bagherzadeh
Corporate Communications
Riverside Resources Inc.
Phone: (778) 327-6671
TF: (877) RIV-RES1
Web: www.rivres.com

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/205812

Base Metals Energy Junior Mining Project Generators

F3 Intersects Radioactivity Across Multiple Zones

Post author By admin
Post date April 16, 2024

Uncovers Significant and Favorable Reverse Faulting at B1

Kelowna, British Columbia–(Newsfile Corp. – April 16, 2024) – F3 Uranium Corp (TSV: FUU) (OTCQB: FUUFF) (“F3” or “the Company“) is pleased to announce the completion of the first 30 drill holes (totaling 12,100 meters) of its 2024 winter drill program. JR Zone has continued to yield high grade intercepts, such as PLN23-137 which intersected mineralization within a 18.5m interval including 1.25m of composite off-scale mineralization (>65,535 cps), while the Company’s focus has expanded to the discovery of additional mineralized zones along the A1 and B1 structures, with numerous radioactive intercepts along both shears, generating additional drill targets.

Ray Ashley, President, commented: “We are very pleased with the results from this winter’s drill program, and the number of new targets generated along both the A1 and B1 systems. The scale of reverse faulting in conjunction with related massive graphitic fault structures at B1 was unexpected and supports our theory that the majority of B1 drilling south of line 2850 may have been in the footwall of this fault, where intense alteration and frequent radioactive intercepts suggest the presence of a nearby source. At A1, considerable undrilled gaps remain open for exploration, such as the 800m gap where hole PLN24-140 was drilled, returning over 11,000 cps on the gamma probe within the shear. With a large-scale gravity survey underway, in addition to a joint inversion of ground EM and resistivity geophysics, we continue to develop new targets for the drill program slated to resume in May after a short pause for seasonal breakup.”

A1 Shear Zone

A1, which is host to the high-grade JR Zone, contains several significant undrilled sections: PLN24-140 was collared on line 2325S, within a 800m long area along the A1 with no previous drilling, and intersected up to 560 cps on the handheld spectrometer, and up to 11,000 cps on the QL40 GRA gamma probe. Prior to PLN24-140, gamma probe readings greater than 10,000 cps had not been encountered outside of the JR Zone, resulting in a priority target for the program resumption in May.

B1 Shear Zone

At B1, a total of nine drill holes targeted the intense alteration and structure intersected during the 2023 drill campaign, as these features often occur in close proximity to high grade uranium mineralization. Five drill holes intersected anomalous radiation over a total strike length of 600m. Drill hole PLN24-133 targeted an area near the northern end of the B1 shear zone where a significant change in Athabasca Sandstone depth was expected and encountered a basement wedge in excess of 120m downhole thickness within the sandstone exhibiting strong alteration and deformation (see Cross Section for line 2850S below). Figure 1 shows the lower structural Athabasca Unconformity at a depth of 291.2m, with significantly structurally disturbed sandstone beneath. An extremely graphitic structure was intersected within this wedge (see Figure 2), and in all follow up drilling on section and along strike. Drilling on line 2850S with PLN24-138 and PLN24-142 and step out drilling on line 2820S with PLN24-144 confirmed that the strike of this very significant offsetting reverse structure appears to be discordant to the B1 main shear, and likely related to the Harrison fault, a significant regional structure which played an important role in the development of the Athabasca basin.

This magnitude of displacement along wide and strongly graphitic basement faults is highly favorable, and structurally comparable to what is seen at some of the largest uranium deposits in the basin. This now provides a number of drill targets for high grade uranium mineralization including the unconformity contacts, as well as the basement “nose” at the terminus of the wedge within the sandstone, with a focus on where the A1 and B1 structures intercept this offsetting reverse fault.

Drilling Highlights

PLN24-137 (line 040S): JR Zone

18.5m interval with mineralization from 201.0m – 219.5m, including
- 1.25m composite off-scale radioactivity (> 65,535 cps) between 214.5m and 216.0m

A1 Radioactive Drilling Intercepts:

PLN24-117 (line 000): JR Zone

8.0m mineralized interval from 261.0m – 269.0m

PLN24-119 (line 045S): JR Zone

3.5m mineralized interval from 256.0m – 259.5m, and
4.0m mineralized interval from 265.0m – 269.0m

PLN24-128 (line 030S): JR Zone

1.5m mineralized interval from 216.0m – 217.5m, and
0.5m mineralized interval from 271.5m – 272.0m

PLN24-129 (line 015S): JR Zone

0.5m mineralized interval from 208.0m – 208.5m, and
5.5m mineralized interval from 215.0m – 220.5m

PLN24-131 (line 795S): A1 Exploration

0.5m mineralized interval from 252.5m – 253.0m

PLN24-139 (line 795S): A1 Exploration

0.5m mineralized interval from 143.0m – 143.5m, and
0.5m mineralized interval from 191.0m – 191.5m

PLN24-140 (line 2325S): A1 Exploration

0.5m mineralized interval from 175.5m – 176.0m, and
0.5m mineralized interval from 216.5m – 217.0m

B1 Radioactive Drilling Intercepts:

PLN24-122 (line 3450S): B1 Exploration

0.5m mineralized interval from 596.5m – 597.0m

PLN24-135 (line 3240S): B1 Exploration

0.5m mineralized interval from 380.5m – 381.0m, and
2.5m mineralized interval from 387.0m – 389.5m, and
0.5m mineralized interval from 642.0m – 642.5m

PLN24-138 (line 2850S): B1 Exploration

0.5m mineralized interval from 473.0m – 473.5m, and
2.0m mineralized interval from 533.5m – 535.5m

PLN24-141 (line 3240S): B1 Exploration

0.5m mineralized interval from 464.0m – 464.5m, and
0.5m mineralized interval from 546.0m – 546.5m

PLN24-142 (line 2850S): B1 Exploration

0.5m mineralized interval from 319.0m – 391.5m

Natural gamma radiation in the drill core that is reported in this news release was measured in counts per second (cps) using a handheld Radiation Solutions RS-125 scintillometer. The Company considers greater than 300 cps on the handheld spectrometer as anomalous, >10,000 cps as high grade and greater than 65,535 cps as off-scale. The reader is cautioned that scintillometer readings are not directly or uniformly related to uranium grades of the rock sample measured and should be used only as a preliminary indication of the presence of radioactive materials. Samples from the drill core are split in half on site and are standardized at 0.5m lengths. One half of the split sample will be submitted to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) in Saskatoon, SK. for lithogeochemical analysis using their “Uranium Package.”

All depth measurements reported are down-hole and true thicknesses are yet to be determined.

Table 1. Drill Hole Summary and Handheld Spectrometer Results

Collar Information							* Hand-held Spectrometer Results On Mineralized Drillcore (>300 cps / >0.5m minimum)				Athabasca Unconformity Depth (m)	Total Drillhole Depth (m)
Collar Information													Hole ID	Section Line	Easting	Northing	Elevation	Az	Dip	From (m)	To (m)	Interval (m)	Max CPS
PLN24-117	000	587655.7	6410710.8	544.7	54.1	-54.4	261.00	261.50	0.50	310														221.7	329.0
							261.50	262.50	1.00	<300
							262.50	263.00	0.50	410
							263.00	263.50	0.50	450
							263.50	264.00	0.50	570
							264.00	264.50	0.50	1000
							264.50	265.00	0.50	1900
							265.00	265.50	0.50	320
							265.50	266.00	0.50	310
							266.00	266.50	0.50	<300
							266.50	267.00	0.50	3100
							267.00	267.50	0.50	810
							267.50	268.00	0.50	470
							268.00	268.50	0.50	<300
							268.50	269.00	0.50	320
PLN24-118	3240S	589686.9	6408181.3	534.7	54.0	-70.7	B1 MSZ Exploration; no radioactivity >300 cps				351.9	632.0
PLN24-119	045S	587688.1	6410678.8	545.3	54.2	-62.1	256.00	256.50	0.50	370	n.a.	326.0
							256.50	257.00	0.50	1300
							257.00	257.50	0.50	670
							257.50	258.00	0.50	720
							258.00	258.50	0.50	<300
							258.50	259.00	0.50	480
							259.00	259.50	0.50	380
							265.00	265.50	0.50	750
							265.50	266.00	0.50	950
							266.00	268.00	2.00	<300
							268.00	268.50	0.50	320
							268.50	269.00	0.50	480
PLN24-120	150S	587778.3	6410614.7	545.6	53.9	-59.8	A1 MSZ exploration; no radioactivity >300 cps				n.a.	302.0
PLN24-121	090N	587651.1	6410818.9	545.4	52.4	-60.2	A1 MSZ exploration; no radioactivity >300 cps				203.2	317.0
PLN24-122	3450S	589879.7	6408062.4	538.4	55.2	-66.0	596.50	597.00	0.50	470	341.8	683.0
PLN24-123	015N	587736.6	6410788.7	545.6	54.9	-65.5	A1 MSZ exploration; no radioactivity >300 cps				n.a.	305.0
PLN24-124	240S	587846.9	6410598.5	546.0	78.6	-66.7	A1 MSZ exploration; no radioactivity >300 cps				158.2	326.0
PLN24-125	090N	587634.3	6410806.6	545.2	51.9	-60.2	A1 MSZ exploration; no radioactivity >300 cps				203.9	359.0
PLN24-126	3555S	589878.4	6407928.7	532.2	55.2	-61.3	B1 MSZ Exploration; no radioactivity >300 cps				353.2	558.5
PLN24-127	045S	587794.4	6410756.0	545.7	54.8	-60.5	A1 MSZ exploration; no radioactivity >300 cps				199.0	302.0
PLN24-128	030S	587749.6	6410742.4	545.7	53.5	-60.4	216.00	216.50	0.50	490	202.0	290.0
							216.50	217.00	0.50	2000
							217.00	217.50	0.50	3000
							271.50	272.00	0.50	300
PLN24-129	015S	587747.0	6410758.9	545.7	54.2	-61.5	208.00	208.50	0.50	300	200.5	322.0
							215.00	215.50	0.50	1400
							215.50	216.00	0.50	5200
							216.00	216.50	0.50	7600
							216.50	216.65	0.15	4200
							216.65	217.00	0.35	16500
							217.00	217.50	0.50	5600
							217.50	217.65	0.15	3600
							217.65	218.00	0.35	15100
							218.00	218.50	0.50	2900
							218.50	219.00	0.50	<300
							219.00	219.50	0.50	480
							219.50	220.00	0.50	490
							220.00	220.50	0.50	470
PLN24-130	1005S	589527.1	6410832.3	539.1	55.1	-65.0	PNG-6A MSZ Exploration; no radioactivity >300 cps				n.a.	392.0
PLN24-131	795S	588288.1	6410188.1	532.5	55.0	-65.1	252.50	253.00	0.50	410	123.8	374.0
PLN24-132	090S	587708.0	6410637.5	545.6	55.0	-58.1	A1 MSZ exploration; no radioactivity >300 cps				n.a.	335.0
PLN24-133	2850S	589506.9	6408515.5	529.3	55.0	-71.7	B1 MSZ Exploration; no radioactivity >300 cps				164.1, 290.0,313.3	503.0
PLN24-134	435S	587868.1	6410326.1	530.7	53.6	-64.6	A1 MSZ exploration; no radioactivity >300 cps				n.a.	440.0
PLN24-135	3240S	589630.4	6408142.8	535.4	52.1	-70.3	380.50	381.00	0.50	370	351.2	647.0
							387.00	387.50	0.50	850
							387.50	388.00	0.50	720
							388.00	388.50	0.50	520
							388.50	389.00	0.50	1100
							389.00	389.50	0.50	730
							642.00	642.50	0.50	560
PLN24-136	630S	588165.6	6410302.3	536.3	54.4	-58.7	A1 MSZ exploration; no radioactivity >300 cps				n.a.	323.0
PLN24-137	040S	587780.2	6410753.3	545.6	55.4	-75.0	201.00	201.50	0.50	330	184.4	305.0
							201.50	202.00	0.50	580
							202.00	202.50	0.50	380
							202.50	203.00	0.50	1000
							203.00	203.50	0.50	1000
							203.50	204.00	0.50	2200
							204.00	204.50	0.50	820
							204.50	205.00	0.50	680
							205.00	205.50	0.50	940
							205.50	206.00	0.50	1500
							206.00	206.50	0.50	3300
							206.50	207.00	0.50	860
							207.00	207.50	0.50	1400
							207.50	208.00	0.50	1400
							208.00	208.50	0.50	1100
							208.50	209.00	0.50	990
							209.00	209.50	0.50	760
							209.50	210.00	0.50	520
							210.00	210.50	0.50	570
							210.50	211.00	0.50	390
							211.00	211.50	0.50	330
							211.50	212.00	0.50	310
							212.00	212.50	0.50	360
							212.50	213.00	0.50	<300
							213.00	213.50	0.50	580
							213.50	214.00	0.50	540
							214.00	214.50	0.50	8000
							214.50	215.00	0.50	65535
							215.00	215.25	0.25	63200
							215.25	215.50	0.25	65535
							215.50	216.00	0.50	65535
							216.00	216.20	0.20	14700
							216.20	216.50	0.30	4800
							216.50	217.00	0.50	520
							217.00	217.50	0.50	1700
							217.50	219.00	1.50	<300
							219.00	219.50	0.50	310
PLN24-138	2850S	589493.8	6408505.0	530.1	51.8	-75.6	473.00	473.50	0.50	380	165.3, 273.9, 313.0	563.0
							533.50	534.00	0.50	300	165.3, 273.9, 313.0
							534.00	534.50	0.50	620
							534.50	535.00	0.50	320
							535.00	535.50	0.50	430
PLN24-139	795S	588289.3	6410186.5	532.6	54.0	-58.9	143.00	143.50	0.50	320	134.6	296.0
							191.00	191.50	0.50	330
PLN24-140	2325S	589060.2	6408857.6	543.9	55.7	-60.2	175.50	176.00	0.50	330	n.a.	275.0
							216.50	217.00	0.50	560
PLN24-141	3240S	589622.4	6408136.8	535.5	-72.9	57.7	464.00	464.50	0.50	350	350.9	665.0
							546.00	546.50	0.50	410
PLN24-142	2850S	589560.6	6408554.7	530.5	-76.3	53.5	391.00	391.50	0.50	1200	162.6	517.5
PLN24-143	2325S	589059.0	6408856.8	543.9	-67.4	54.7	A1 MSZ exploration; no radioactivity >300 cps				n.a.	326.0
PLN24-144	2820S	589485.3	6408554.4	529.6	54.1	-74.8	B1 MSZ exploration; no radioactivity >300 cps				149.5, 304.0, 304.6	479.0
											149.5, 304.0, 304.6
PLN24-145	2325S	589095.3	6408883.2	543.9	52.9	-65.6	A1 MSZ exploration; no radioactivity >300 cps				n.a.	299.0

Figure 1: PLN24-133 (line 2850S): Lower Structural Athabasca Unconformity

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/205638_7c9e3c52247bda87_002full.jpg

Figure 2: PLN24-144 (line 2820S): Basement wedge hosted graphitic fault

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/205638_7c9e3c52247bda87_003full.jpg

The Company contracted Patterson Geophysics Inc. (“Patterson“) to complete 65 line-km of fixed loop SQUID electromagnetic survey coverage (FL-SQUID-EM) over the B1 target area, to measure the induced electromagnetic (“EM“) fields associated with sandstone alteration effects as well as the response to dipping basement conductors. A trace of this conductor model projected to surface is shown on Map 1, and notably deviated in strike from the original B1 conductor model. The data collected by Patterson was used to target and successfully drill the large graphitic structure associated with the basement wedge intersected in PLN24-133.

Dias Geophysical Ltd. completed the 3D DC resistivity and induced polarization (DCIP) over the northern A1 area hosting the JR Zone, and the B1 area, using their DIAS32 system. F3 has engaged a contractor to process and perform 3D inversion modeling of resistivity and EM geophysical data jointly and in conjunction with all the drilling data to better resolve thin basement hosted conductors.

Initial Exploration Services Inc. has been contracted to conduct a ground gravity survey over the southwest section of the PLN and Broach properties. The survey is currently focusing on surveying the lakes and waterbodies using ice cover, with the remainder of the survey area to be infilled in late spring, and F3 aims to disclose those results once all the data has been collected and interpreted.

About Patterson Lake North:

The Company’s 4,078-hectare 100% owned Patterson Lake North property (PLN) is located just within the south-western edge of the Athabasca Basin in proximity to Fission Uranium’s Triple R and NexGen Energy’s Arrow high-grade world class uranium deposits which is poised to become the next major area of development for new uranium operations in northern Saskatchewan. PLN is accessed by Provincial Highway 955, which transects the property, and the new JR Zone uranium discovery is located 23km northwest of Fission Uranium’s Triple R deposit. The PLN property is part of the PLN Project which also includes the Minto and Broach properties.

Qualified Person

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and approved on behalf of the company by Raymond Ashley, P.Geo., President & COO of F3 Uranium Corp, a Qualified Person. Mr. Ashley has verified the data disclosed.

About F3 Uranium Corp.

F3 Uranium is a uranium project generator and exploration company, focusing on projects in the Athabasca Basin, home to some of the world’s largest high grade uranium discovery. F3 Uranium currently has 18 projects in the Athabasca Basin. Several of F3’s projects are near large uranium discoveries including Triple R, Arrow and Hurricane.

Forward Looking Statements

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

F3 Uranium Corp.
750-1620 Dickson Avenue
Kelowna, BC V1Y9Y2
Contact Information
Investor Relations
Telephone: 778 484 8030
Email: ir@f3uranium.com

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

See 2 plan maps and B1 cross section showing basement wedge below.

See drill cross sections at PLN Project|F3 Uranium Corp.

Map 1: PLN Winter 2024 Drill Program – Update: Scintillometer Results

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/205638_7c9e3c52247bda87_004full.jpg

Cross Section B1 – Line 2850S Showing Large Scale Basement Wedge

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/205638_7c9e3c52247bda87_005full.jpg

Map 2: PLN 2024 Winter Drill Program – JR Zone Scintillometer Results

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/205638_7c9e3c52247bda87_006full.jpg

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/205638

Base Metals Emx Royalty Energy Junior Mining Precious Metals Uncategorized

EMX Royalty Enters into Automatic Share Purchase Plan

Post author By admin
Post date April 15, 2024

Vancouver, British Columbia–(Newsfile Corp. – April 15, 2024) – EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (FSE: 6E9) (the “Company” or “EMX“) is pleased to announce that it has entered into an automatic share purchase plan (“ASPP“) with its broker in order to facilitate repurchases of EMX’s common shares (the “Shares“) under the Company’s previously announced normal course issuer bid (the “NCIB“).

The Company previously announced that it had received approval from the TSX Venture Exchange (“TSXV“) to purchase up to 5,000,000 Shares for cancellation over a twelve-month period that commenced on February 13, 2024 and terminates no later than February 12, 2025. All purchases made pursuant to the NCIB will be made through the facilities of the TSXV, NYSE American Stock Exchange (“NYSE American“), other designated exchanges and/or alternative Canadian trading systems or by such other means as may be permitted by applicable securities laws. The price that EMX will pay for Shares in open market transactions will be the market price at the time of purchase. Any Shares that are purchased under the NCIB will be cancelled. Since the commencement of the NCIB on February 13, 2024, the Company has purchased 17,700 Shares on the TSXV and alternative Canadian trading systems at a weighted average price per Share of $2.62 for an aggregate value of approximately $46,000, and 58,302 Shares on the NYSE American and alternative U.S. trading systems at a weighted average price per Share of US$1.93 for an aggregate value of approximately US$112,000.

EMX believes that from time to time, the market price of its Shares may not reflect their underlying value and that the purchase of its Shares will enhance shareholder value and increase liquidity of the Shares. The Company intends to fund the purchases out of available cash. The ASPP will facilitate purchases under the NCIB as it will allow for purchases of Shares to be made at times when the Company would ordinarily not be permitted to make purchases, whether due to regulatory restriction or customary self-imposed blackout periods.

Under the ASPP, the Company’s broker may purchase Shares from the effective date of the ASPP until the end of the NCIB. The ASPP will facilitate purchases of Shares under the NCIB by authorizing the Company’s broker to make purchases at its sole discretion based on parameters set by the Company in accordance with the rules of the TSXV and NYSE American, applicable law and the terms of the ASPP. Outside of periods that the Company is restricted from purchasing Shares pursuant to insider trading rules or its own internal trading blackout policies, Shares may also be purchased at the Company’s discretion, in compliance with the rules of the TSXV and NYSE American and applicable law.

All purchases of Shares made under the ASPP will be included in determining the number of Shares purchased under the NCIB. Any Shares purchased by the Company pursuant to the ASPP will be cancelled. The Company is not currently in possession of any material undisclosed information in relation to the Company, the Shares or any of the Company’s other securities. The ASPP constitutes a “written automatic purchase plan” for purposes of applicable Canadian securities legislation and the ASPP has been pre-cleared by the TSXV and will be effective on April 12, 2024.

The ASPP will terminate on the earliest of the date on which: (a) the maximum purchase limit under the NCIB has been reached; (b) the NCIB expires; or (c) the ASPP otherwise terminates in accordance with its terms.

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

For further information contact:

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

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

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

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/205388

Base Metals Energy Junior Mining

Strathmore Announces Intention for CSE Listing and Issuance of Shares for Debt

Post author By admin
Post date April 13, 2024

Kelowna, British Columbia–(Newsfile Corp. – April 12, 2024) – Strathmore Plus Uranium Corporation (TSXV: SUU) (OTCQB: SUUFF) (or “the Company”) announces that the Company intends to apply to list its common shares (the “Common Shares”) on the Canadian Securities Exchange (“CSE”) and to apply to the TSX Venture Exchange (the “TSXV”) to delist its Common Shares.

The Company believes listing the Common Shares on the CSE will deliver additional value to the shareholders as a result of the Company being subject to reduced filing fees, lower legal and compliance costs. Completion of the listing of the Common Shares on the CSE is subject to the Company’s application to delist being accepted by the TSXV, and acceptance of the Company’s application to list by the CSE.

******

The Company further announces that pursuant to its previous release of (February 28, 2024) it has closed debt settlement agreements to settle an aggregate amount of $95,000 in outstanding debt in exchange for the issuance of 190,000 common shares. The Common Shares are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

A total of 105,000 of the shares issued pursuant to the Debt Settlement were issued to insiders of the corporation (“Insider Participation“) and as such it is a related party transaction within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 (“MI 61-101“). The Company relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in Sections 5.5(b) and 5.7(1)(b) of MI 61-101 in respect of the Insider Participation.

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

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

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/205387

Base Metals Energy Exclusive Interviews Junior Mining Precious Metals

Grizzly Discoveries – Loaded with Precious and Base Metals

Post author By admin
Post date April 12, 2024

Grizzly Discoveries | TSX.V: GZD | OTC: GZDFF
Website: https://www.grizzlydiscoveries.com/
Corporate Presentation: https://www.grizzlydiscoveries.com/investors/presentations

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Category: Energy

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