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Base Metals Energy Junior Mining Metallic Group Precious Metals Stillwater Critical Minerals

Stillwater Critical Minerals Applies for Warrant Extension

VANCOUVER, BC / ACCESSWIRE / May 5, 2023 / Stillwater Critical Minerals (formerly Group Ten Metals) (TSXV:PGE)(OTCQB:PGEZF)(FSE:5D32) (the “Company” or “SWCM”) announces that the Company has applied for TSX Venture Exchange approval to extend the expiry date on certain warrants that are due to expire May 21, 2023 (the “Warrants”). Per the application, 5,233,824 Warrants that were originally issued as part of a financing completed in November 2019 (see news release dated November 21, 2019) will be extended to a new expiration date of November 21, 2023. Each Warrant entitles the holder to acquire one common share at an exercise price of CDN$ 0.25.

About Stillwater Critical Minerals Corp.

Stillwater Critical Minerals (TSX.V:PGE | OTCQB:PGEZF) is a mineral exploration company focused on its flagship Stillwater West Ni-PGE-Cu-Co + Au project in the iconic and famously productive Stillwater mining district in Montana, USA. With the recent addition of two renowned Bushveld and Platreef geologists to the team, the Company is well positioned to advance the next phase of large-scale critical mineral supply from this world-class American district, building on past production of nickel, copper, and chromium, and the on-going production of platinum group and other metals by neighboring Sibanye-Stillwater. An expanded NI 43-101 mineral resource estimate, released January 2023, delineates a compelling suite of critical minerals contained within five Platreef-style nickel and copper sulphide deposits at Stillwater West, which host a total of 1.6 billion pounds of nickel, copper and cobalt, and 3.8 million ounces of palladium, platinum, rhodium, and gold, and remains open for expansion along trend and at depth.

Stillwater Critical Minerals also holds the high-grade Black Lake-Drayton Gold project adjacent to Treasury Metals’ development-stage Goliath Gold Complex in northwest Ontario, currently under an earn-in agreement with Heritage Mining, and the Kluane PGE-Ni-Cu-Co critical minerals project on trend with Nickel Creek Platinum‘s Wellgreen deposit in Canada‘s Yukon Territory.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Michael Rowley, President, CEO & Director
Email: info@criticalminerals.com
Web: http://criticalminerals.com
Phone: (604) 357 4790
Toll Free: (888) 432 0075

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.

SOURCE: Stillwater Critical Minerals



View source version on accesswire.com:
https://www.accesswire.com/753271/Stillwater-Critical-Minerals-Applies-for-Warrant-Extension

Categories
Energy Junior Mining Precious Metals Silver Bullet Mines

Silver Bullet Mines Corp. (SBMI) Receives Cash on First Order for Silver from Buckeye Mine in Arizona

Burlington, Ontario–(Newsfile Corp. – May 4, 2023) – Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) (‘SBMI’ or ‘the Company’) is pleased to announce it has received the previously announced cash advance on its first order for its silver products from a third-party (the “Purchaser”).

SBMI has received the sum of USD$225,000 from the Purchaser as a cash advance against the order for 500 kg of silver, to be delivered to the Purchaser in tranches or all at once. At today’s pricing this first order represents more than USD$430,000 (more than CDN$570,000).

The Purchaser has indicated it intends to purchase 500 kg from SBMI each month for six months, including this order.

The first order is currently being processed from the stockpile at the mill and SBMI anticipates shipping it in whole or in part within 30 days. The Company continues to work with the Purchaser and other potential purchasers to develop a customer base for its silver/gold production.

At the Buckeye Mine, mining is ongoing. As per SBMI’s January 16, 2023 press release, SBMI continues to drift along the vein to an area believed to contain higher grade mineralization (see page 8 of the Geologic Report dated January 8, 2021). The Company expects to encounter that area in the near future, although given the uncertainties inherent in mining no exact date can be given.

For further information, please contact:

John Carter
Silver Bullet Mines Corp., CEO
cartera@sympatico.ca
+1(905)302-3843

Peter M. Clausi
Silver Bullet Mines Corp., VP Capital Markets
pclausi@brantcapital.ca
+1 (416) 890-1232

Cautionary and Forward-Looking Statements

This news release contains certain statements that constitute forward-looking statements as they relate to SBMI and its subsidiaries. Forward-looking statements are not historical facts but represent management’s current expectation of future events, and can be identified by words such as “believe”, “expects”, “will”, “intends”, “plans”, “projects”, “anticipates”, “estimates”, “continues” and similar expressions. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct.

By their nature, forward-looking statements include assumptions, and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this new release, SBMI will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities laws, SBMI assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: the impact of SARS CoV-2 or any other global virus; reliance on key personnel; the thoroughness of its QA/QA procedures; the continuity of the global supply chain for materials for SBMI to use in the production and processing of mineralized material; the presence of mineable economic mineralized material; shareholder and regulatory approvals; activities and attitudes of communities local to the location of the SBMI’s properties; risks of future legal proceedings; income tax matters; fires, floods and other natural phenomena; the rate of inflation; availability and terms of financing; distribution of securities; commodities pricing; currency movements, especially as between the USD and CDN; effect of market interest rates on price of securities; and, potential dilution. SARS CoV-2 and other potential global pathogens create risks that at this time are immeasurable and impossible to define.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/164802

Categories
Base Metals Energy Gold Shore Resources Junior Mining Precious Metals

Goldshore Announces Preliminary Metallurgy Results for the Moss Gold Project; Gold Recoveries Increase to 93% for Moss and 98% for East Coldstream

Vancouver, British Columbia–(Newsfile Corp. – May 3, 2023) – Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) (“Goldshore” or the “Company“), is pleased to announce the preliminary results from its PEA-level metallurgical test work at the Moss Gold Project in Northwest Ontario, Canada (the “Moss Gold Project“). The results were produced from the recent metallurgical testing program completed by Base Metallurgical Laboratories in Kamloops, British Columbia under the overall supervision of Ausenco Engineering Canada Inc. (“Ausenco”).

Highlights:

  • Test work shows significantly increased gold recoveries from a flotation-regrind-leach process averaging:
    • 93% recovery at Moss
    • 98% recovery at East Coldstream
  • These results represent an 8% to 13% increase in gold recoveries from previously conducted standard leach test work.
  • Coarse bottle roll leach test results returned gold recoveries between 53% and 64%, which encourage investigation of a low recovery heap leach solution for low-grade mineralization that may bring gold production forward and reduce tailings.

President and CEO Brett Richards stated: “We are very pleased with the early results from the metallurgical test program, as recoveries have increased from the InnovExplo’s 2011 mineral resource estimate and subsequent 2013 preliminary economic assessment by 8%-13%. This detailed testing being undertaken will enhance the economics of our new mineral resource estimate due out in the near future; and the new preliminary economic assessment due to commence immediately thereafter. As well, these results also appear to provide early support for heap leaching the low-grade material, which positively changes the dynamics of an economic analysis.”

Technical Overview

Figure 1 shows the location of the samples that make up the metallurgical composites.

Figure 1: Location map

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8051/164622_6b7cf742f4645943_002full.jpg

The metallurgical gold recovery test-work was conducted to assess the potential gold recoveries and potential process flowsheets for the Moss Gold Project, which include the Moss Gold Deposit (“Moss”) and East Coldstream Gold Deposit (“East Coldstream”). Testing started in early 2023 on composite and variability samples from the Main, QES and SW Zones at Moss, and from East Coldstream. The program included comminution testing, grind optimization for leaching and flotation, gravity concentration, and leach testing. Cyanide destruction and solid liquid separation testing are still ongoing and will be completed later in Q2 2023.

Gold Recovery Test Work Results Summary

The program evaluated 18 discrete composite samples representing the two gold deposits. Each composite consisted of multiple samples collected from diamond drill core and coarse rejects. Primary composites were selected for the Main / QES Zones (three samples), and one sample each for the SW Zone and East Coldstream deposits to reflect grade, spatial and lithological distributions. The composition of the primary pit composites was designed to have anticipated average grades that will be confirmed in a planned mineral resource estimate. Variability samples were selected to provide representation from higher grade shear zones and lower grade host rocks from the deposits.

Crushing and Grinding Testing

Comminution testing characterized sample hardness by Steve Morell Comminution (“SMC”) testing, Bond Rod Mill (“RWI”), Ball Mill Work Index (“BWI”) and Bond Abrasion Index (“Ai”) tests. Three samples from the Main QES deposit were used for this testing.

The results showed:

  • SMC Axb average value of 34.7, indicates the samples are competent.
  • Average RWI and BWI values of 18.4 and 19.5 (metric) respectively, considered hard to very hard range of hardness.
  • Average Ai value of 0.175 g, which is classified as low to moderately abrasive.

Gravity Concentration Testing

The Main and QES Zone composite samples were tested with the Extended Gravity Recoverable Gold protocol to determine their amenability to gravity concentration.

The results showed:

  • Moderate Gravity Recoverable Gold content totaling 40% gold.
  • At full scale, this would be in the 10% to 15% gold recovery range.

Leach Testing

Coarse Particle Size Leach Tests

Intermittent bottle rolls leach tests were conducted on the samples at crush sizes of -6.25 mm and -2 mm to evaluate potential for heap leaching. Tests were run over 8 days with bottles rolled for 1 minute per hour.

The results showed:

  • Average leach extraction for the -6.25 mm crush size samples is 52.6% Au.
  • Average leach extraction for the -2 mm crush size samples is 64.2% Au.

Standard Leach Tests

Initial standard bottle rolls leach tests were completed on the primary composites from Main and QES Zones, over a range of grind sizes with 48 hours leaching and without gravity concentration prior to leaching. The results showed a weak relationship between grind size and recovery. As a result, a grind of 80% passing 100 microns was selected for further testing. The selected retention time was 48 hours. Gold leach extractions averaged 84% for these tests.

A total of 25 leach tests were conducted including initial screening tests and a bulk leach test (pending) that will generate sample for cyanide detox testing. The results showed:

  • Gold leach extractions ranging from 74% to 93%, averaging 83%, with final residue values of 0.08 g/t to 0.32 g/t gold, averaging 0.20 g/t gold.
  • Calculated gold head grades ranging from 0.40 g/t to 3.06 g/t gold, averaging 1.36 g/t gold.
  • Shear Zone samples and low-grade Intrusion domain samples showed similar leach extractions to higher grade shear zone samples, based on leach residue grades as a function of head grades.
  • Sodium cyanide consumption averaged 0.50 kg/t.

Flotation-Leach Tests

Testing was also completed using a flotation-leach flowsheet which includes:

  • Grinding to 80% passing 100 microns.
  • Flotation of a sulphide concentrate.
  • Concentrate regrind to 80% passing 15 microns followed by 48 hours leaching.
  • Flotation tailings leach without regrinding for 48 hours.

Results were positive with higher extractions than the standard leach tests. Key results include:

  • Sulphide concentrate mass recoveries averaged 11%, ranging from 5% to 19%.
  • Concentrate leach extractions averaged 96%, ranging from 92% to 98%.
  • Flotation tailings leach extractions averaged 76%, ranging from 69% to 90%.
  • Combined leach extractions averaged 93%, ranging from 87% to 98%.
  • Calculated gold head grades ranging from 0.60 g/t to 2.77 g/t gold, averaging 1.46 g/t gold.
  • Sodium cyanide consumption averaged 0.75 kg/t.

A summary of the results from the primary composites with the two flowsheets evaluated are shown in Table 1.

Table 1: Moss Project Primary Composite Leach Extractions Based on Flowsheet

Composite IDHead Grade
(Au g/t)
Recovery (Au%)
Whole  Ore
Leach
Flotation
Leach
Main/QES West Composite1.488489
Main/QES Central Composite0.538087
Main/QES East Composite1.988696
Main/QES Combined Composite1.148293
Southwest Zone Composite0.837693
East Coldstream Composite2.649398

Plant recoveries will be estimated with typical plant losses for use in the planned mineral resource estimate.

Pete Flindell, VP Exploration for Goldshore, said, “These metallurgical test results affirm our belief that gold recoveries in the sulphide-bearing shear zone mineralization can be significantly improved by flotation, while the low sulphide-bearing low-grade intrusion domain mineralization may be amenable to heap leaching. Further test work is required to investigate the latter, but we have now established +90% gold recoveries for the bulk of the contained ounces at Moss and East Coldstream are achievable with a flotation-regrind-leach circuit.”

Qualified Persons

Peter Flindell, P.Geo., MAusIMM, MAIG, Vice President – Exploration of the Company and Tommaso Roberto Raponi, P.Eng., an independent consultant with Ausenco Engineering Canada Inc., are both “Qualified Persons” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) have reviewed and verified the scientific and technical information contained in this news release.

About Goldshore

Goldshore is an emerging junior gold development company, and owns 100% of the Moss Gold Project located in Ontario. Wesdome is currently a large shareholder of Goldshore. Well-financed and supported by an industry-leading management group, board of directors and advisory board, Goldshore is positioned to advance the Moss Gold Project through the next stages of exploration and development.

About Ausenco

Ausenco is a global diversified engineering, construction and project management company providing consulting, project delivery and asset management solutions to the resources, energy and infrastructure sectors. Ausenco’s experience in gold projects ranges from conceptual, pre-feasibility and feasibility studies for new project developments to project execution with EPCM and EPC delivery. Ausenco is currently engaged on a number of global projects with similar characteristics and opportunities to the Moss Gold Project.

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

For More Information – Please Contact:

Brett A. Richards
President, Chief Executive Officer and Director
Goldshore Resources Inc.

P. +1 604 288 4416 M. +1 905 449 1500
E. brichards@goldshoreresources.com
W. www.goldshoreresources.com

Facebook: GoldShoreRes | Twitter: GoldShoreRes | LinkedIn: goldshoreres

Cautionary Note Regarding Forward-Looking Statements

This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments 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.

Forward-looking statements in this news release include, among others, statements relating to expectations regarding the exploration and development of the Moss Gold Project, including gold recoveries, the release of an updated mineral resource estimate and preliminary economic assessment, and other statements that are not historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: the Company may require additional financing from time to time in order to continue its operations which may not be available when needed or on acceptable terms and conditions acceptable; compliance with extensive government regulation; domestic and foreign laws and regulations could adversely affect the Company’s business and results of operations; the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of the Company’s securities, regardless of its operating performance; and the impact of COVID-19.

The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/164622

Categories
Base Metals Energy Granite Creek Copper Junior Mining Metallic Group

Granite Creek Copper Provides Additional Detail for Acquisition of the LS Molybdenum Project in British Columbia, Canada

VANCOUVER, BC / ACCESSWIRE / May 2, 2023 / Granite Creek Copper Ltd. (TSX.V:GCX)(OTCQB:GCXXF) (“Granite Creek” or the “Company” is pleased to provide additional detail on the acquisition of a 100% interest in the Lucky Ship molybdenum project (“LS Project”) from two arm’s-length vendors (“Vendors), (see news release dated March 22,2023). The LS Project is located within the traditional territory of the Wet’suwet’en First Nation in central British Columbia and is in a region with a long history of mining, including the Endako molybdenum mine, the Huckleberry copper-molybdenum mine, the Equity silver mine, and others. The project is accessible year-round along a well-developed network of forestry roads, with a high-capacity power line within 50 kilometres and paved highway and rail line access within 85 kilometres.

Under the terms of the option agreement, the Company can acquire a 100% interest in the LS Project for the following consideration:

1. Issue the Vendors 3,7500,000 common shares as follows:

  • 500,000 shares within 10 days following TSXV approval;
  • 750,000 shares on or before the 12 month anniversary of TSXV approval (“Year One”);
  • 1,000,000 shares on or before the 24 month anniversary of TSXV approval (“Year Two”); and
  • 1,500,000 shares on or before the 36 month anniversary of TSXV approval (“Year Three”).
  1. Keep the LS Project in good standing by completing work, filing Portable Assessment Credit or paying cash in lieu thereof of: (i) a minimum number of work credits equal to two years’ assessment credit on or before the conclusion of Year One; (ii) a minimum number of work credits equal to two years’ assessment credit on or before the conclusion of Year Two; and (iii) a minimum number of work credits equal to four years’ assessment credit on or before the conclusion of Year Three (the “Work”).
  2. On completion of the share issuances and the Work, if the total aggregate cash value of the share issuances totals less than $300,000, then the Company will make a cash payment to the Vendors equal to the difference between the aggregate cash value of the share issuances and $300,000.

On exercise of the option agreement, the Company will grant the Vendors from and after commercial production an aggregate 2.0% net smelter returns royalty on the LS Project(the “NSR Royalty”). The Company shall have the right at any time to purchase the first 1% of the NSR Royalty for $500,000 and the remaining 1% NSR Royalty for $1,000,000.

The acquisition of the LS Project is subject to approval by the TSX Venture exchange.

Option Grant

Granite Creek further announces it has granted 300,000 incentive stock options (the “Options”) to a Director of the Company. The Options are exercisable for up to five years, expiring on May 2, 2028, and each Option will allow the holder to purchase one common share of the Company at a price of C$0.08 per share.

About Granite Creek Copper

Granite Creek, a member of the Metallic Group of Companies, is a Canadian exploration company focused on the exploration and development of critical minerals projects in North America. The company’s projects consist of its flagship 176 square kilometer Carmacks project in the Minto copper district of Canada’s Yukon Territory on trend with the high-grade Minto copper-gold mine, operated by Minto Metals Corp., the advance staged LS Molybdenum project and the copper-nickel-PGM Star project both located in central British Columbia. More information about Granite Creek Copper can be viewed on the Company’s website at www.gcxcopper.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

Timothy Johnson, President & CEO
Telephone: 1 (604) 235-1982
Toll-Free: 1 (888) 361-3494
E-mail: info@gcxcopper.com
Website: www.gcxcopper.com
Metallic Group: www.metallicgroup.ca
Twitter: @yukoncopper

Forward-Looking Statements

This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts including, without limitation, statements regarding potential mineralization, historic production, estimation of mineral resources, the realization of mineral resource estimates, interpretation of prior exploration and potential exploration results, the timing and success of exploration activities generally, the timing and results of future resource estimates, permitting time lines, metal prices and currency exchange rates, availability of capital, government regulation of exploration operations, environmental risks, reclamation, title, and future plans and objectives of the company are forward-looking statements that involve various risks and uncertainties. Although Granite Creek Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the companies with securities regulators. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration and development of mines is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. For more information on Granite Creek Copper and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedar.com.

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

SOURCE: Granite Creek Copper Ltd.

Categories
Base Metals Energy Junior Mining

Rover Metals’ CEO Discusses Global Lithium Geopolitical News and the Appointment of New Consultants

VANCOUVER, British Columbia, May 02, 2023 (GLOBE NEWSWIRE) — Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FSE:4XO) (“Rover” or the “Company”) provides global geopolitical news on the lithium mining industry and announces the appointment of new consultants.

Geopolitical News
On April 21, 2023, Chile’s President, Gabriel Boric, announced plans to nationalize Chile’s lithium mining industry. Chile is the world’s second largest producer of lithium, and the country with the largest lithium reserves. Albemarle, a lithium miner, is one of the largest stakeholders in Chilean lithium production. Albemarle is also the owner of the Silver Peak lithium brine mine in southwest Nevada. Rover’s Let’s Go Lithium project is also located in the prolific southwest Nevada lithium jurisdiction, approximately 240 km (150 miles) from the Silver Peak lithium mine.

LGL Property Location Map

Judson Culter, CEO at Rover Metals, states, “Albemarle may start looking in their backyard in Nevada for future expansion opportunities. We certainly hope that they do. The news out of Chile in late April re-emphasizes the importance of developing lithium projects closer to EV manufacturing centres, in jurisdictions like Nevada. The ultimate goal here is to support the EV industry by bringing consistent raw material lithium supply to market. Lithium demand is forecasted to continually grow through to 2040.”

Appointment of Hybrid Financial
Hybrid Financial (“Hybrid”) has been engaged by the Company for a twelve-month period, commencing on May 1, 2023. Hybrid has been engaged to heighten market and brand awareness for Rover and to broaden the Company’s reach within the investment community. Hybrid is a sales and distribution company that actively connects issuers to the investment community across North America. Using a data driven approach, Hybrid provides its clients with comprehensive coverage of both American and Canadian markets. Hybrid Financial has offices in Toronto and Montreal.

Consultant Appointment and Stock Option Grant
The Company has hired a Zurich, Switzerland, based consultant to provide business development consulting services in the key markets of London, England, Paris, France, and Zurich, Switzerland. Pursuant to the consulting agreement, a stock option grant of 250,000 stock options with an exercise price of $0.12 under the standard terms of the Company’s stock option plan (4-year life), has been awarded.

About Rover Metals
Rover is a publicly traded junior mining company that trades on the TSXV under symbol ROVR, on the OTCQB under symbol ROVMF, and on the FSE under symbol 4XO. Rover is currently focussed on the development of a claystone lithium project in southwest Nevada, USA. Plans for 2023 include a reverse circulation drill program at the Let’s Go Lithium project.

The Company has a diverse portfolio of mining resource development projects with varying exploration timelines. Its critical mineral projects include lithium, zinc, and copper. Its precious metals projects include gold and silver. The Company is exclusive to the mining jurisdictions of Canada and the U.S.

You can follow Rover on its social media channels:

Twitter: https://twitter.com/rovermetals
LinkedIn: https://www.linkedin.com/company/rover-metals/
Facebook: https://www.facebook.com/RoverMetals/
for daily company updates and industry news, and
YouTube: https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriber
for corporate videos.
Website: https://www.rovermetals.com/

ON BEHALF OF THE BOARD OF DIRECTORS
“Judson Culter”
Chief Executive Officer and Director

For further information, please contact:
Email: info@rovermetals.com
Phone: +1 (778) 754-2855

Statement Regarding Forward-Looking Information
This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Rover’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur. There can be no assurance that such statements prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Rover’s expectations. Rover undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.

Categories
Base Metals Dolly Varden Silver Energy Junior Mining Precious Metals

Dolly Varden Silver to Present at the Metals and Mining Hybrid Investor Conference May 11th

Virtual Investor Conferences
Virtual Investor Conferences

Company invites individual and institutional investors, as well as advisors and analysts, to attend in person or online at VirtualInvestorConferences.com

VANCOUVER, British Columbia, May 02, 2023 (GLOBE NEWSWIRE) — Dolly Varden Silver Corporation (TSXV: DV) (OTC: DOLLF), based in Vancouver, BC., focused on silver and gold exploration, today announced that Shawn Khunkhun, CEO & Director, will present live at the Metals and Mining Hybrid Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on May 11th, 2023.

DATE: May 11th
TIME: 10:00am EST
LINK: https://bit.ly/433RPaN
Available for 1×1 meetings: May 11th, 2023.

This will be a live, interactive in-person and online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event. If you would like to attend the conference in-person at OTC Markets New York office, please contact events@otcmarkets.com

It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.

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

Recent Company Highlights

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).

About Virtual Investor Conferences®

Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

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CONTACTS:

Dolly Varden Silver Corporation
Shawn Khunkhun
President & CEO
+1 604 609 5137
sk@dollyvardensilver.com

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OTC Markets Group
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Categories
Base Metals Emx Royalty Energy Junior Mining Precious Metals

EMX Options its Yarrol and Mt Steadman Projects in Australia to partner Many Peaks Gold

Vancouver, British Columbia, May 2, 2023 (NYSE American: EMX; TSX Venture: EMX; Frankfurt: 6E9) – EMX Royalty Corporation (the “Company” or “EMX”) is pleased to announce the execution of an exploration and option agreement for EMX’s Yarrol and Mt Steadman Projects in Queensland, Australia (the “Projects”) to Many Peaks Gold (ASX:”MPG”). The agreement provides EMX with cash payments, additional equity interests in MPG and work commitments during a fifteen month option period. Upon exercise of the option EMX will receive additional payments of cash and shares of MPG along with annual advance royalty payments, royalty interests and other considerations. 

The Yarrol Project contains zones of gold and copper mineralization in addition to newly discovered areas with cobalt-enriched manganese oxide mineralization and heavy mineral sands deposits (see Figures 1 and 2). The Mount Steadman Project contained historically defined zones of gold mineralization in addition to areas of historic gold mining activities (see Figures 1 and 3). Both projects were acquired by EMX as part of recent regional assessments of prospectivity in eastern Australia via purchase agreements with third parties, and then greatly expanded by EMX via filing of exploration license applications.

MPG is currently an EMX partner on the Company’s nearby Queensland Gold project. Together with the Queensland Gold project, the addition of Yarrol and Mt Steadman to MPG’s portfolio builds a substantial property package with a diverse suite of mineral deposits and occurrences in central Queensland.

Commercial Terms Overview: All terms in US Dollars unless otherwise indicated. Upon execution, MPG will make a cash payment of $150,000, issue 850,000 shares of MPG stock to EMX and 1,000,000 stock options, with each option being exercisable for one share of MPG at a price of AUD $0.34 for 36 months. 

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

Forward-Looking Statements

This news release may contain “forward looking statements” that reflect the Company’s current expectations and projections about its future results. These forward-looking statements may include statements regarding perceived merit of properties, exploration results and budgets, mineral reserve and resource estimates, work programs, capital expenditures, timelines, strategic plans, market prices for precious and base metal, or other statements that are not statements of fact. When used in this news release, words such as “estimate,” “intend,” “expect,” “anticipate,” “will”, “believe”, “potential”  and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company’s future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause the Company’s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and factors may include, but are not limited to: unavailability of financing, failure to identify commercially viable mineral reserves, fluctuations in the market valuation for commodities, difficulties in obtaining required approvals for the development of a mineral project, increased regulatory compliance costs, expectations of project funding by joint venture partners and other factors.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, including the risks and uncertainties identified in this news release, and other risk factors and forward-looking statements listed in the Company’s MD&A for the quarter ended December 31, 2022 (the “MD&A”), and the most recently filed Revised Annual Information Form (the “AIF”) for the year ended December 31, 2022, actual events may differ materially from current expectations. More information about the Company, including the MD&A, the AIF and financial statements of the Company, is available on SEDAR at www.sedar.com and on the SEC’s EDGAR website at www.sec.gov.

Figure 1. Location map for the Yarrol and Mt Steadman projects

image

[5] Mt Rawdon historic production numbers are cited from Evolution Mining website (2023/04/27). https://evolutionmining.com.au/wp-content/uploads/2023/04/Mt-Rawdon-fact-sheet-FY23F.pdf

Figure 2. Geological Map and Drill Hole Locations at Yarrol

image

Figure 3. Gold mineralization, historic soil anomalies and mine workings in the Chowey Goldfield, Mt Steadman Project

image

Historic soils results were collected by Probe Resources in 1995 and additional soils were collected by MGT Mining in 2019 to refine the anomaly.[6]

[6] Soil results are reported in MGT Mining Annual Report EPM 12834 for reporting period ending in December 2019. EMX has not performed sufficient work to verify the published assay data, and these data should not be relied upon until they can be confirmed. However, EMX considers the results to be reliable and relevant. 

Categories
Base Metals Energy Junior Mining Precious Metals Silver Bullet Mines

Silver Bullet Mines Corp. (SBMI) Provides Update on First Order for Silver from Buckeye Mine in Arizona

Burlington, Ontario–(Newsfile Corp. – April 27, 2023) – Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) (‘SBMI’ or ‘the Company’) is pleased to provide an update on its first order for its silver products from a third-party (the “Purchaser”).

The first order, announced in detail on April 17, 2023, and the attendant USD$225,000 cash advance from the Purchaser empowers SBMI to fund the cost of processing the mineralized material from the Buckeye Mine without dilution to the shareholders. The Purchaser advises it carried out a detailed analysis of the silver dore bar sent earlier and advises it believes there are no material impurities in that bar. If the bar is representative of the silver to be delivered, SBMI would incur a minimal discount to spot prices and there would be no reduction in the amount payable to SBMI due to deleterious metals.

The current order is for 500 kg (17,600 ounces), and the Purchaser has indicated it intends to order that same amount per month for the foreseeable future. Each such monthly order would represent roughly USD$400,000 in revenue to SBMI at current spot price for silver.

The Debenture referred to in the April 17, 2023 press release would bear interest at the rate of 2% per month on the outstanding principal for one month, which interest begins to accrue after 30 days. If the conversion feature of the Debenture is triggered, the conversion price would be $0.22 per share.

There are approximately 2500 tons of mineralized material on surface at the Buckeye Mine site to be shipped to the mill on an as needed basis. Mining is ongoing. As per SBMI’s January 16, 2023 press release, SBMI is drifting along the vein to an area believed to contain higher grade mineralization (see page 8 of the Geologic Report dated January 8, 2021). At the current rate of mining that zone should be intercepted in approximately 4 weeks, although that timing may vary subject to the usual risks attendant on mining.

SBMI anticipates starting to process the current order this week by processing the material on hand at the mill/mine site, which has earlier returned high grades (see March 3, 2023 press release). Management believes the mill is operating at optimum efficiency.

For further information, please contact:

John Carter
Silver Bullet Mines Corp., CEO
cartera@sympatico.ca
+1(905)302-3843

Peter M. Clausi
Silver Bullet Mines Corp., VP Capital Markets
pclausi@brantcapital.ca
+1 (416) 890-1232

Cautionary and Forward-Looking Statements

This news release contains certain statements that constitute forward-looking statements as they relate to SBMI and its subsidiaries. Forward-looking statements are not historical facts but represent management’s current expectation of future events, and can be identified by words such as “believe”, “expects”, “will”, “intends”, “plans”, “projects”, “anticipates”, “estimates”, “continues” and similar expressions. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct.

By their nature, forward-looking statements include assumptions, and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this new release, SBMI will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities laws, SBMI assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: the impact of SARS CoV-2 or any other global virus; reliance on key personnel; the thoroughness of its QA/QA procedures; the continuity of the global supply chain for materials for SBMI to use in the production and processing of mineralized material; the presence of mineable economic mineralized material; shareholder and regulatory approvals; activities and attitudes of communities local to the location of the SBMI’s properties; risks of future legal proceedings; income tax matters; fires, floods and other natural phenomena; the rate of inflation; availability and terms of financing; distribution of securities; commodities pricing; currency movements, especially as between the USD and CDN; effect of market interest rates on price of securities; and, potential dilution. SARS CoV-2 and other potential global pathogens create risks that at this time are immeasurable and impossible to define.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/163989

Categories
Base Metals Energy Exclusive Interviews Precious Metals

JAYANT BHANDARI – Currencies, Geopolitics, Arbitrage, Philosophy

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Categories
Energy Junior Mining Lion One Metals Precious Metals Uncategorized

Lion One Reports New High-grade Gold Results at Tuvatu

North Vancouver, British Columbia–(Newsfile Corp. – April 25, 2023) – Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (“Lion One” or the “Company”) reports significant new high-grade results from grade control drilling at the Company’s 100% owned Tuvatu Alkaline Gold Project in Fiji.

Following on the initial mining and extraction of the URA1 lode, the Company is here reporting new high-grade results from grade control drilling on the URW1 lode system, approximately 120m further east. Mining of URW1 is expected to begin over the next 2-4 weeks. Strike drive development on URW1 has commenced.

Highlights of new high-grade gold mineralization intersected by grade control drilling:

  • Multiple bonanza grade zones have been intersected including:
    • 88.07g/t Au over 5.7m (including 1,396g/t Au over 0.3m) (TGC-0034)
    • 27.52g/t Au over 5.55m (TUG-056)
    • 20.93g/t Au over 7.2m (TGC-0003)
    • 16.12g/t Au over 9.3m (TGC-0014)
    • 16.48g/t Au over 9.6m (TGC-0002)
    • 14.6g/t Au over 6.6m (TGC-0032)
    • 14.97g/t Au over 5.4m (TGC-0018)
    • 10.85g/t Au over 6.9m (TGC-0013)
  • Visible was gold observed in several drill holes.


 
Figure 1. Plan map showing the locations of the URA1 and URW1 lodes (in red) relative to the main Tuvatu decline. The gray outlines indicate planned development to reach the URW1 lodes.
 
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/163583_9a144002c4db2a3f_001full.jpg

Close spaced grade control drilling has resulted in much higher resolution of the lode arrays as compared to previous infill drilling, including the identification of bonanza grade (>50g/t Au) zones.

The tightened drill pattern will facilitate optimised development and extraction of high-grade gold mineralization from the URW1 lodes while minimizing dilution. High-grade gold mineralization extracted from the URW1 lode system will contribute significantly to the growing high-grade stockpile constituting the initial feed for the Company’s plant and processing facility, on schedule for start-up in Q4 2023.

Mineralization
Mineralization consists of abundant free gold, typically in association with light to dark gray chalcedonic quartz and roscoelite, locally accompanied by minor amounts of pyrite, sphalerite, galena and lesser chalcopyrite (Figure 3).


 
Figure 2. Long section view west of grade control drilling at URW1. Intersections >5m and 10g/t Au highlighted in red.
 
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/163583_9a144002c4db2a3f_002full.jpg


 
Figure 3. A) Coarse disseminated gold in a quartz-roscoelite veinlet, TGC-0034 67.5m. Sample returned 1396.3 g/t Au over 0.3m. B) Coarse gold in gray quartz veinlet, TGC-0034 81.6m. Sample returned 166.2 g/t Au over 0.9m. C) Coarse honey sphalerite rimmed by dark pyrite in variable light to dark gray quartz vein, TGC-0032 71.0m. Sample returned 112.9 g/t Au over 0.3m. D) Banded chalcedonic quartz-roscoelite-pyrite-fine native gold, TGC-0002 77.4m. Sample returned 44.3 g/t Au over 0.3m.
 
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/163583_9a144002c4db2a3f_003full.jpg

URW1 Lode System
The URW1 lode system consists of narrow, high-grade to locally bonanza-grade vein arrays and vein swarms that strike approximately N-S and dip sub-vertically to steeply east and is located approximately 120m east of the URA1 lode (Figure 1, 2, 4).

As currently modelled based on earlier drilling, the URW1 lode measures approximately 300m in the NS-direction by approximately 300m of vertical extent, thus forming one of the major N-S trending lodes that have been recognized in this part of the Tuvatu deposit. The URW1 lode intersects with numerous flat-lying to moderately south-dipping EW veins referred to as the Murau lode system (Figure 4).

Grade control drilling has been conducted from both the new decline and the historic exploration adit (Figures 1 & 2). This drilling is targeting a 60m strike section of the URW1 system, within the >300m strike of the overall URW1 system. Detailed drilling of this nature is the first conducted at the project and has served to confirm both the location of structures and the extent of some of the higher-grade zones within the overall mineralized envelope. These bonanza zones (>50g/t Au * true width) have been intersected that show a considerably higher-grade than the previous wide-spaced resource drilling in the area. The high-grade zones are interpreted to relate to the intersection of the N-S URW1 lode with E-W striking structures such as the Murau lodes.


 
Figure 4. Plan view of 3D models illustrating the earlier interpretation of the URA1 and URW1 lodes (blue). The lighter pink shapes are the flat-lying stacked Murau lodes (left) and SKL lodes (right). Underground development is shown in red.
 
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/163583_9a144002c4db2a3f_004full.jpg

The URW1 lode system is interpreted as a series of parallel vein arrays.

This interpretation has come by way of a series of closely spaced grade control drill holes, drilled from two separate locations, east-directed drilling from the main decline, as well as west-directed drilling from the exploration decline (Figure 1). To date, a total of 34 diamond drill holes totalling approximately 3538m have been completed resulting in 5m to 10m spacing between adjacent holes covering a limited extent of the URW1 lode system. Despite the relatively limited size of the area drilled thus far, the grade control program has significantly increased the level of confidence in the geometry, widths, and grade distribution of the URW1 lodes, thereby allowing for detailed development planning.

Composited assay results for mineralized intervals interpreted as URW1 lodes in holes completed to date are presented in Table 1, with Tables 2 and 3 in the appendix containing full drill hole details. The URW1 lode system represents the next main area of mining and extraction of high-grade mineralization at Tuvatu. Development has commenced with first grade control and mapping expected shortly.

Table 1. Summary of composited drill results intersecting mineralization from the area of URW1 in this release. (TGC = new grade control drilling ordered by strongest intersections; TUDDH and TUG indicates previous exploration drilling (surface and underground) targeting this zone). For full results refer Table 2 in the appendix.

Hole IDGrade
(g/t Au)
Drill intersection width (m)True Width (m)
TGC-003488.075.75.1
TUG-05627.525.555.5
TGC-000320.937.26.5
TGC-001416.129.38.4
TGC-000216.489.68.2
TUG-058100.210.850.85
TGC-003214.66.65.3
TGC-001814.975.44.9
TGC-001310.856.96.2
TGC-001111.045.44.6
TGC-00356.66.556.2
TGC-001911.573.63.4
TGC-002811.524.83.4
TGC-00318.865.14.1
TUDDH-35021.112.71.7
TUDDH-34914.379.732.4
TGC-00164.358.17.7
TUDDH-4097.836.774.1
TGC-000510.1432.4
TUDDH-2198.3314.152.9
TGC-000810.2932.3
TUG-05717.71.21.1
TURC-1678.8831.8
TGC-00094.583.63.2
TGC-00172.226.96.2
TGC-00365.1632.3
TGC-00255.0432.3
TGC-00291.63.32.6
TGC-00303.221.51.2
TGC-00152.391.81.4
TUDDH-2250.730.90.9
TUG-1230.320.950.8
TUDDH-0750.840.350.25
TUG-1250.20.540.3

About Tuvatu

The Tuvatu Alkaline Gold Project is located on the island of Viti Levu in Fiji. The January 2018 mineral resource for Tuvatu as disclosed in the technical report “Technical Report and Preliminary Economic Assessment for the Tuvatu Gold Project, Republic of Fiji”, dated September 25, 2020, and prepared by Mining Associates Pty Ltd of Brisbane Qld, comprises 1,007,000 tonnes indicated at 8.50 g/t Au (274,600 oz. Au) and 1,325,000 tonnes inferred at 9.0 g/t Au (384,000 oz. Au) at a cut-off grade of 3.0 g/t Au. The technical report is available on the Lion One website at www.liononemetals.com and on the SEDAR website at www.sedar.com.

Qualified Person
In accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43- 101”), Sergio Cattalani, P.Geo, Senior Vice President Exploration, is the Qualified Person for the Company and has reviewed and is responsible for the technical and scientific content of this news release.

QAQC Procedures
Lion One adheres to rigorous QAQC procedures above and beyond basic regulatory guidelines in conducting its sampling, drilling, testing, and analyses. The Company utilizes its own fleet of diamond drill rigs, using PQ, HQ and NQ sized drill core rods. Drill core is logged and split by Lion One personnel on site. Samples are delivered to and analyzed at the Company’s geochemical and metallurgical laboratory in Fiji. Duplicates of all samples with grades above 0.5 g/t Au are both re-assayed at Lion One’s lab and delivered to ALS Global Laboratories in Australia (ALS) for check assay determinations. All samples for all high-grade intercepts are sent to ALS for check assays. All samples are pulverized to 85% passing through 75 microns. Gold analysis is carried out using fire assay with an AA finish. Samples that have returned grades greater than 10.00 g/t Au are then re-analyzed by gravimetric method. For samples that return greater than 0.50 g/t Au, repeat fire assay runs are carried out and repeated until a result is obtained that is within 10% of the original fire assay run. Lion One’s laboratory can also assay for a range of 71 other elements through Inductively Coupled Plasma Optical Emission Spectrometry (ICP-OES), but currently focuses on a suite of 9 important pathfinder elements. All duplicate anomalous samples are sent to ALS labs in Townsville QLD and are analyzed by 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).

About Lion One Metals Limited
Lion One’s flagship asset is 100% owned, fully permitted high grade Tuvatu Alkaline Gold Project, located on the island of Viti Levu in Fiji. Lion One envisions a low-cost high-grade underground gold mining operation at Tuvatu coupled with exciting exploration upside inside its tenements covering the entire Navilawa Caldera, an underexplored yet highly prospective 7km diameter alkaline gold system. Lion One’s CEO Walter Berukoff leads an experienced team of explorers and mine builders and has owned or operated over 20 mines in 7 countries. As the founder and former CEO of Miramar Mines, Northern Orion, and La Mancha Resources, Walter is credited with building over $3 billion of value for shareholders.

On behalf of the Board of Directors of
Lion One Metals Limited
Walter Berukoff“, Chairman and CEO

Contact Investor Relations
Toll Free (North America) Tel: 1-855-805-1250
Email: info@liononemetals.com
Website: www.liononemetals.com

Neither the TSX Venture Exchange nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this release

This press release may contain statements that may be deemed to be “forward-looking statements” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “proposed”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects Lion One Metals Limited’s current beliefs and is based on information currently available to Lion One Metals Limited and on assumptions Lion One Metals Limited believes are reasonable. These assumptions include, but are not limited to, the actual results of exploration projects being equivalent to or better than estimated results in technical reports, assessment reports, and other geological reports or prior exploration results. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Lion One Metals Limited or its subsidiaries to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the stage development of Lion One Metals Limited, general business, economic, competitive, political and social uncertainties; the actual results of current research and development or operational activities; competition; uncertainty as to patent applications and intellectual property rights; product liability and lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation, affecting mining, timing and availability of external financing on acceptable terms; not realizing on the potential benefits of technology; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. Although Lion One Metals Limited has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. Lion One Metals Limited does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Appendix 1: full drill results and drill details

Table 2. Composited results from grade control drillholes targeting the URW1 lodes

Hole IDFrom (m)To (m)Interval (m)Au (g/t)
TGC-000133.033.90.90.64
TGC-000277.177.40.344.25
TGC-000280.184.94.88.03
TGC-0002including80.182.22.111.60
TGC-0002which includes81.681.90.372.20
TGC-0002and including83.184.91.87.86
TGC-000289.497.58.113.07
TGC-0002including89.491.21.84.68
TGC-0002including92.197.55.417.97
TGC-0002which includes93.693.90.341.54
TGC-0002and93.994.20.345.40
TGC-0002and94.294.50.374.38
TGC-0002and94.594.80.338.43
TGC-0002and94.895.10.356.89
TGC-0002100.2103.83.67.93
TGC-0002108.3111.93.610.09
TGC-0002including108.3109.20.94.05
TGC-0002including110.1111.91.818.15
TGC-0002which includes111.0111.30.377.72
TGC-0002113.7114.60.917.11
TGC-000352.553.40.92.79
TGC-000377.480.43.03.84
TGC-0003including77.477.70.35.34
TGC-0003and78.678.90.34.40
TGC-0003and79.279.50.327.18
TGC-000389.795.76.09.57
TGC-0003including89.793.33.614.63
TGC-0003which includes90.691.20.681.18
TGC-000398.099.21.20.95
TGC-0003102.2110.68.45.73
TGC-0003including102.2107.04.87.97
TGC-0003which includes105.8106.10.335.58
TGC-0003and includes107.3108.51.26.84
TGC-0003112.4112.70.31.15
TGC-0003115.1116.00.959.85
TGC-00043.44.30.92.93
TGC-000575.375.90.62.11
TGC-000591.599.07.52.77
TGC-0005including93.394.20.910.67
TGC-0005102.6102.90.32.10
TGC-0005104.1104.70.621.01
TGC-0005107.1108.00.91.65
TGC-0005109.8110.40.60.78
TGC-0005120.0122.12.12.51
TGC-0005including121.8122.10.314.83
TGC-000728.228.50.31.31
TGC-000874.876.92.110.51
TGC-000882.382.90.625.57
TGC-000894.094.30.34.20
TGC-000896.4101.24.83.77
TGC-0008including96.498.52.13.73
TGC-0008and99.1101.22.14.78
TGC-0008105.1105.70.62.78
TGC-0008108.7109.30.61.05
TGC-0008110.8111.40.62.16
TGC-0008122.5123.10.661.39
TGC-000918.621.32.70.91
TGC-000928.529.10.61.61
TGC-000930.931.50.68.33
TGC-000932.734.21.533.38
TGC-000949.549.80.310.54
TGC-000953.456.43.01.07
TGC-000961.261.50.31.97
TGC-000965.465.70.33.06
TGC-000966.967.80.96.10
TGC-000969.075.06.05.01
TGC-0009including69.670.20.64.66
TGC-0009and70.572.31.86.62
TGC-0009and72.973.50.66.80
TGC-0009and73.875.01.28.78
TGC-000976.578.01.50.97
TGC-001017.118.91.86.52
TGC-0010including17.117.40.337.04
TGC-001020.121.00.92.54
TGC-001023.430.36.92.67
TGC-0010including24.927.62.74.71
TGC-001036.036.90.98.92
TGC-001119.019.30.30.89
TGC-001122.323.81.57.56
TGC-001127.129.32.22.49
TGC-0011including27.128.00.95.34
TGC-001131.131.40.31.26
TGC-001132.635.32.77.64
TGC-0011including32.634.11.511.33
TGC-0011and34.435.30.94.04
TGC-001140.440.70.31.22
TGC-001152.753.30.61.91
TGC-001154.856.92.12.18
TGC-001158.759.91.22.62
TGC-0011including59.359.90.64.09
TGC-001163.266.53.32.68
TGC-0011including64.166.52.43.58
TGC-001168.675.87.26.72
TGC-0011including68.669.20.619.95
TGC-0011which includes68.969.20.337.28
TGC-0011and69.573.43.98.84
TGC-0011which includes71.071.30.359.70
TGC-001279.581.92.47.86
TGC-0012including79.579.80.359.46
TGC-001285.285.50.32.79
TGC-001287.388.51.25.11
TGC-001292.192.40.32.47
TGC-001298.499.61.21.32
TGC-0012102.3104.11.80.63
TGC-0012105.9106.20.34.67
TGC-001319.219.50.31.55
TGC-001323.123.70.61.28
TGC-001332.434.52.13.36
TGC-0013including32.433.00.66.97
TGC-0013and33.934.50.64.67
TGC-001342.943.50.61.16
TGC-001347.147.70.60.80
TGC-001350.451.30.913.58
TGC-001355.656.20.61.37
TGC-001367.670.32.75.70
TGC-001372.773.60.94.09
TGC-001375.179.34.211.03
TGC-0013including75.176.61.54.86
TGC-0013and77.278.10.98.51
TGC-0013and78.479.30.934.87
TGC-0013which includes78.779.30.649.52
TGC-001381.183.82.75.97
TGC-001394.397.63.31.21
TGC-001410.811.10.31.21
TGC-001419.219.50.31.03
TGC-001434.536.31.82.47
TGC-0014including34.535.40.93.38
TGC-0014and36.036.30.34.72
TGC-001442.642.90.33.21
TGC-001452.253.10.90.57
TGC-001456.156.40.31.69
TGC-001466.075.69.613.28
TGC-0014including66.066.90.954.81
TGC-0014which includes66.366.60.395.47
TGC-0014and66.666.90.367.96
TGC-0014and67.569.01.57.83
TGC-0014and69.372.63.39.89
TGC-0014and72.973.20.33.32
TGC-0014and74.175.00.932.29
TGC-0014which includes74.474.70.357.95
TGC-0014and74.775.00.338.34
TGC-0014and75.375.60.39.41
TGC-001480.784.63.97.69
TGC-001485.888.83.01.86
TGC-001492.495.12.71.10
TGC-001571.171.40.30.54
TGC-001587.387.90.62.17
TGC-0015105.6106.20.62.50
TGC-001638.743.54.86.22
TGC-0016including38.741.42.79.67
TGC-0016which includes40.841.10.345.75
TGC-001668.168.70.62.16
TGC-001670.871.40.62.55
TGC-001672.673.50.96.50
TGC-001681.083.42.414.23
TGC-0016including81.081.60.619.42
TGC-0016and81.983.41.514.99
TGC-0016which includes83.183.40.345.51
TGC-001684.685.50.91.86
TGC-001692.494.52.14.83
TGC-001695.797.82.13.58
TGC-00175.15.70.61.28
TGC-001717.417.70.34.32
TGC-001736.036.60.61.26
TGC-001738.744.15.49.39
TGC-001769.369.90.69.60
TGC-001772.373.81.53.03
TGC-0017including73.273.80.67.01
TGC-001776.877.40.665.63
TGC-001782.584.01.53.08
TGC-001878.979.50.60.92
TGC-001885.886.10.311.42
TGC-001888.590.62.15.67
TGC-001894.295.10.90.54
TGC-001896.397.20.90.63
TGC-0018102.0105.93.915.62
TGC-0018109.2111.01.82.74
TGC-001910.812.01.20.86
TGC-001913.816.52.72.31
TGC-001931.232.71.53.21
TGC-001940.245.04.816.05
TGC-0019including41.445.03.621.18
TGC-0019which includes42.642.90.349.70
TGC-0019and43.243.50.3166.81
TGC-001951.052.21.22.60
TGC-001965.166.31.20.85
TGC-001970.579.89.34.92
TGC-0019including70.575.04.56.70
TGC-0019and75.376.51.27.69
TGC-001983.784.00.315.22
TGC-001995.796.91.29.13
TGC-002016.818.31.53.09
TGC-002024.326.42.10.92
TGC-002028.229.71.54.10
TGC-00214.45.00.61.40
TGC-002124.526.92.42.86
TGC-0021including24.525.40.96.34
TGC-002144.344.90.61.36
TGC-002174.074.30.30.65
TGC-002228.229.41.21.36
TGC-002254.654.90.31.04
TGC-002257.958.80.91.22
TGC-002266.970.53.62.31
TGC-002275.075.60.62.23
TGC-002390.290.80.61.71
TGC-0023100.7101.30.60.63
TGC-002413.814.40.60.50
TGC-002458.859.70.91.30
TGC-002465.465.70.30.54
TGC-00257.59.31.82.79
TGC-0025including7.58.40.95.22
TGC-002513.514.10.64.33
TGC-002515.616.50.90.68
TGC-002578.683.14.53.76
TGC-0025including78.679.20.64.69
TGC-0025and79.580.71.23.07
TGC-0025and81.083.12.14.91
TGC-002584.684.90.31.77
TGC-002587.087.30.36.55
TGC-002614.715.30.60.58
TGC-002628.829.70.92.28
TGC-002633.934.80.95.94
TGC-002639.940.80.910.20
TGC-002642.342.90.63.72
TGC-002671.772.00.30.65
TGC-002770.270.80.62.41
TGC-002780.782.21.53.75
TGC-002787.988.50.61.72
TGC-002793.694.20.62.46
TGC-002796.699.02.40.79
TGC-0027104.4105.91.54.98
TGC-0027107.7109.82.11.99
TGC-0027including109.5109.80.311.28
TGC-0027112.8114.01.20.63
TGC-00288.79.60.91.02
TGC-002813.216.23.011.27
TGC-002878.078.90.90.63
TGC-002883.483.70.31.17
TGC-002885.285.80.60.55
TGC-002892.197.55.410.86
TGC-0028including92.193.61.526.67
TGC-0028which includes92.192.40.345.29
TGC-0028and92.492.70.372.80
TGC-0028and94.595.71.212.97
TGC-0028and96.697.50.93.44
TGC-0028101.1102.61.59.53
TGC-002914.716.21.510.82
TGC-002974.475.00.64.93
TGC-002983.786.73.01.00
TGC-002995.796.91.23.14
TGC-003018.019.21.256.88
TGC-003022.825.22.44.87
TGC-0030including24.025.21.29.62
TGC-003051.952.20.31.47
TGC-003054.654.90.33.60
TGC-003061.261.50.33.75
TGC-003071.472.00.620.01
TGC-003083.184.61.53.65
TGC-003088.892.43.60.97
TGC-003094.295.41.21.40
TGC-003113.520.46.96.60
TGC-0031including13.515.31.817.28
TGC-0031which includes14.114.70.634.62
TGC-0031and15.618.32.74.76
TGC-0031and19.219.50.33.25
TGC-003162.063.81.83.21
TGC-0031including62.963.80.95.88
TGC-003172.573.40.91.27
TGC-003174.975.80.96.93
TGC-003177.077.60.63.30
TGC-003182.485.12.73.12
TGC-003186.995.68.713.73
TGC-0031including86.989.93.010.80
TGC-0031which includes87.287.50.339.53
TGC-0031and87.587.80.336.62
TGC-0031and including90.591.10.628.85
TGC-0031and92.094.72.724.94
TGC-0031which includes92.692.90.3116.56
TGC-0031and93.894.10.364.28
TGC-0031and95.395.60.36.90
TGC-003210.210.80.60.68
TGC-003218.018.30.332.02
TGC-003222.823.70.920.11
TGC-003252.252.80.62.66
TGC-003258.258.50.39.18
TGC-003269.672.02.419.46
TGC-003276.580.13.64.58
TGC-003285.287.32.114.59
TGC-003288.591.53.02.80
TGC-0032including88.589.71.25.59
TGC-003298.498.70.316.30
TGC-0032106.2107.10.941.62
TGC-0032108.9109.50.64.20
TGC-003421.623.72.124.84
TGC-003424.032.18.125.96
TGC-0034including24.024.90.914.30
TGC-0034which includes24.024.30.333.61
TGC-0034and25.232.16.928.61
TGC-0034which includes25.225.80.647.66
TGC-0034and30.330.60.359.31
TGC-0034and30.631.50.9118.95
TGC-003456.156.40.30.90
TGC-003460.361.20.94.33
TGC-003466.369.93.6120.76
TGC-0034including66.368.11.8237.52
TGC-0034which includes67.567.80.31396.31
TGC-0034and69.069.90.97.92
TGC-003472.673.20.60.61
TGC-003474.775.60.95.70
TGC-003480.783.12.422.46
TGC-0034including81.682.50.957.46
TGC-0034which includes81.681.90.3166.16
TGC-0034and82.883.10.34.25
TGC-003486.190.34.23.06
TGC-0034including88.890.31.57.06
TGC-003491.591.80.31.42
TGC-003493.094.21.21.06
TGC-003495.499.94.53.10
TGC-0034including98.799.91.29.10
TGC-003533.033.60.68.28
TGC-003536.037.51.56.21
TGC-003539.340.51.210.55
TGC-003548.051.93.94.33
TGC-0035including50.151.91.88.72
TGC-0035which includes51.051.30.346.28
TGC-003553.754.30.61.71
TGC-003556.165.19.03.70
TGC-0035including61.562.10.67.65
TGC-0035and62.763.91.211.80
TGC-0035which includes63.063.30.331.89
TGC-0035and including64.265.10.911.36
TGC-003567.572.95.43.44
TGC-0035including69.072.93.94.03
TGC-003574.777.73.04.38
TGC-003578.982.53.62.54
TGC-0035including80.182.52.43.24
TGC-003591.592.71.21.16
TGC-003611.412.00.62.50
TGC-003618.019.21.24.08
TGC-003652.553.40.90.74
TGC-003657.359.72.451.58
TGC-003670.571.40.911.52
TGC-003686.188.22.12.43
TGC-0036including87.088.21.23.84
TGC-003695.198.43.30.83

Table 3. Collar coordinates and dates of completion for grade control drillholes reported in this release. Coordinates are in Fiji map grid.

Hole IDDateEastingNorthingElevationAzimuthDipDepth
Completed(m)
TGC-000124.10.221876437392074414029027.434.0
TGC-000210.11.22187643739207441392863.4118.7
TGC-000325.11.22187643739207441392884.0116.8
TGC-000429.11.221876269392075515411512.0101.4
TGC-000513.12.221876437392074413711512.0128.5
TGC-000712.01.231876269392075615410512.0131.2
TGC-000821.01.23187643739207441392934.0124.2
TGC-000916.01.2318762693920756153106-10.080.3
TGC-001018.01.2318762693920755153114-11.083.3
TGC-001123.01.2318762693920755153102-10.095.2
TGC-001227.01.23187643739207451393005.0106.6
TGC-001327.01.231876269392075715397-8.0102.6
TGC-00142.02.221876269392075715393-9.095.1
TGC-001510.02.2218764373920744139289-11.0122.5
TGC-00167.02.221876269392075715385-7.0101.4
TGC-001710.02.221876269392075715382-8.099.4
TGC-001822.02.2318764373920744139285-8.0111.3
TGC-001915.02.231876269392075815379-8.0110.4
TGC-002020.02.2318762693920755153119-12.094.9
TGC-002123.02.2318762693920755153115-4.092.3
TGC-002227.02.2318762693920755153113-19.0103.7
TGC-00234.03.2318764373920744139293-8.0105.4
TGC-00241.03.2318762693920755152113-22.098.4
TGC-00254.03.2318762693920756152108-29.0140.8
TGC-00268.03.2318762693920756153106-4.084.1
TGC-00273.04.231876437392074413929910.0120.5
TGC-002810.03.2318762693920756152106-27.0116.7
TGC-002914.03.2318762693920756152106-23.095.2
TGC-003020.03.2318762693920756153103-16.098.6
TGC-003122.03.2318762693920756152103-25.095.6
TGC-003224.03.231876269392075615397-16.0110.6
TGC-003428.03.231876269392075615397-12.0101.4
TGC-003531.03.2318762693920756153980.0113.0
TGC-00364.04.231876269392075615394-16.0104.4

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