Category: Junior Mining

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Junior Mining Precious Metals Uncategorized

Kesselrun Extends Strike Length on McKellar with Intercept of 6.4 g/t Au over 5.9 Metres

Thunder Bay, Ontario–(Newsfile Corp. – September 23, 2021) – Kesselrun Resources Ltd. (TSXV: KES) (OTC Pink: KSSRF) (“Kesselrun” or the “Company”) is pleased to provide the following drilling results on its Huronian Gold Project.

Continued drilling of the McKellar zone has been successful in confirming the continuity of the mineralization with the discovery of another high-grade structure. The zone has now been extended to over 500 metres in strike length and approximately 100 metres in depth. Further drilling is planned down plunge of these structures as well as along strike to the southwest.

Highlights

  • 21HUR091 intercepted 47.8 g/t Au over 0.6 m within a 5.9 m wide zone which averaged 6.4 g/t Au
  • 21HUR079 intercepted 22.2 g/t Au over 0.6 m within a 28.8 m wide zone which averaged 1.0 g/t Au
  • 21HUR077 intercepted 13.7 g/t Au over 1.0 m as well as an 11.0 m wide zone averaged 0.7 g/t Au
  • 21HUR076 intercepted 6.3 g/t Au over 1.5 m within a 19.4 m wide zone which averaged 1.1 g/t Au



Figure 1: Schematic Long Section – McKellar Zone

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4206/97355_25772500c43d99e7_001full.jpg



Figure 2: drill core 21HUR091 49.7 to 57.9 metres – McKellar Zone

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/4206/97355_25772500c43d99e7_002full.jpg

Michael Thompson, P.Geo., President and CEO of the Company, commented, “Our drilling on the McKellar zone is proving our model of numerous high-grade structures within a wider zone of gold mineralization. Future drilling on McKellar will focus on extending those known high-grade structures at depth as well as building on the impressive 500 metres of strike length already outlined.”



Figure 3: Schematic Cross Section – McKellar Zone – 21HUR079, 091

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/4206/97355_25772500c43d99e7_003full.jpg

The 2021 Huronian drill program is budgeted at 20,000 metres targeting the Fisher, Fisher North, McKellar and Huronian zones, all in close proximity along an approximate 1500 m strike length in the area of the historic Huronian Mine. The area also has tremendous potential for discovery of new wide zones of significant gold mineralization in light of the new revised mineralization model.

As of this news release, approximately 15,000 metres has been drilled of which the results from approximately 8,000 metres of drilling have been released.



Figure 4: Schematic Plan Map – McKellar Zone – Huronian Project

To view an enhanced version of Figure 4, please visit:
https://orders.newsfilecorp.com/files/4206/97355_25772500c43d99e7_004full.jpg

Table 1: Summary of Significant Drill Intercepts – Current News Release (1)

Hole IDZoneFrom (m)To (m)Interval (m)Au (g/t)
21HUR076McKellar107.1126.519.41.1
including118.2119.71.56.3
21HUR077McKellar FW8.29.21.013.7
McKellar80.891.811.00.7
21HUR079McKellar3.031.828.81.0
including3.03.60.622.2
21HUR088McKellar48.163.615.50.7
including50.160.110.01.0
McKellar HW163.6164.50.96.6
21HUR090McKellar89.6102.913.30.7
including90.891.40.67.3
21HUR091McKellar50.156.05.96.4
including51.852.40.647.8
21HUR092McKellar36.681.535.30.3
21HUR093McKellar14.754.940.20.3
including50.251.00.86.7

(1) Widths are drill indicated core length as insufficient drilling has been undertaken to determine true widths at this time. Average grades are calculated with un-capped gold assays as insufficient drilling has been completed to determine capping levels for higher grade gold intercepts.

About the Huronian Gold Project

The 100% owned Huronian Gold Project hosts the past producing Huronian Mine, Northwestern Ontario’s first gold mine with an historic resource estimate of 44,592 oz Au at an average grade of 15.3 g/t Au in the indicated category and 501,377 oz Au at an average grade of 14.4 g/t Au in the inferred category. The resource estimate presented for the Huronian Project is historic in nature. Kesselrun Resources’ qualified person has not completed sufficient work to confirm the results of the historical resource. Kesselrun Resources is not treating this as a current mineral resource but is considering it relevant as a guide to future exploration and is included for reference purposes only. The historic resource was estimated by Minescape Exploration Inc. in 1998. Further drilling will be required by Kesselrun Resources to verify the historic estimate as current mineral resources.

As well, the Huronian Gold Project hosts the same lithological package of rocks, as interpreted from both Government of Ontario and Kesselrun Resources mapping, compilation and modelling, on strike from Wesdome Gold’s adjacent Moss Lake Gold Deposit with a resource estimate of 1,377,300 oz Au at an average grade of 1.1 g/t Au in the indicated category and 1,751,600 oz Au at an average grade of 1.1 g/t Au in the inferred category as outlined in their 2013 PEA2. Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on Kesselrun Resources’ property.

(2)Moss Lake Gold Mines (currently wholly owned subsidiary of Wesdome Gold) news releases February 20, 2013 and September 9, 2013.

On January 26, 2021, Wesdome announced that the Moss Lake Project would be purchased by Goldshore Resources Inc. (see Wesdome and Goldshore news releases dated January 26, 2021).

Qualified Person

Michael Thompson, P.Geo., President and CEO of Kesselrun, is the Qualified Person responsible for the project as defined by National Instrument 43-101 and has approved the technical information in this news release.

QAQC

Kesselrun has implemented a quality control program to comply with industry best practices for sampling, chain of custody and analyses. Certified gold reference standards, blanks and duplicates are inserted at the core processing site as part of the QA/QC program in addition to the control samples inserted by the lab. Samples are prepared and analyzed by Activation Laboratories in Thunder Bay. Samples are analyzed for gold using Fire Assay-AA techniques. Samples returning over 10 g/t gold are analyzed using Fire Assay-Gravimetric methods. Selected samples are also analyzed with a standard 1 kg metallic screen fire assay. All results reported herein have passed QA/QC protocols.

Health and Safety

The health and safety of our personnel and contractors is always top priority to Kesselrun. The current situation presents new challenges above and beyond what we normally face while working in the field. Kesselrun has implemented further measures to ensure the health and safety of all working on the Company’s projects.

About Kesselrun Resources Ltd.

Kesselrun Resources is a Thunder Bay, Ontario-based mineral exploration company focused on growth through property acquisitions and discoveries. Kesselrun’s management team possesses strong geological and exploration expertise in Northwest Ontario. For more information about Kesselrun Resources, please visit www.kesselrunresources.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 news release.

For additional information please contact:

Kesselrun Resources Ltd.

Michael Thompson, P.Geo., President & CEO
807.285.3323
michaelt@kesselrunresources.com

Corporate Communications
1.866.416.7941
information@kesselrunresources.com

Forward-Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Kesselrun, including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, dependence upon regulatory approvals, the execution of definitive documentation, the availability of financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/97355

Categories
Base Metals Energy Junior Mining

Hot Chili Acquires 100% of Cortadera

Hot Chili Limited (ASX: HCH) (OTCQB: HHLKF) (“Hot Chili” or “Company”) is pleased to announce the early exercise of its option to acquire a 100% interest in the Company’s world-class Cortadera copper-gold discovery in Chile.

The option agreement between Hot Chili and SCM Carola, the owners of the Cortadera landholding, was dually exercised in Santiago, Chile on Tuesday 21st September, following acknowledgement of receipt of the final instalment of US$15 million.

Hot Chili have now satisfied US$32 million in payments since February 2019 to acquire Cortadera, securing the centrepiece of the Company’s 724Mt Costa Fuego copper-gold development.

Since drilling began in April 2019, Cortadera has been transformed from a small private porphyry discovery into one of the world’s leading, large-scale, copper-gold discoveries – elevating Hot Chili into the senior ranks of global copper developers.

Hot Chili’s Managing Director Christian Easterday said the early acquisition of Cortadera was an important milestone for the Company.

“We are extremely pleased to move to full ownership of Cortadera almost one year ahead of schedule, given the success of our exploration to date.

“Cortadera is already one of the lowest-cost acquisitions in the copper sector and we believe it has a long way to grow.

“I would like to thank SCM Carola for their partnership to contribute Cortadera to our plan to build a major coastal copper production hub.

“Costa Fuego is set to provide significant benefit to the region and local township of Vallenar for many decades to come.

“Strong green credentials, including the ability to utilise sea water processing and access power from large nearby solar plants, are matched by its low-altitude setting and location next to existing port facilities and regional infrastructure.

“The project is shaping as a cutting-edge, new generation major copper development in the world’s largest copper producing country.”

To access the announcement please click on the link below.

Download full announcement here

Cortadera Copper Project

Cortadera’s maiden Mineral Resource positions Hot Chili with the largest copper Mineral Resource and one of the largest gold Mineral Resources for an ASX-listed emerging company. 

The Cortadera maiden Mineral Resource of 451Mt at 0.46% copper equivalent (CuEq) takes the total Mineral Resource estimate for Costa Fuego (Cortadera, Productora & El Fuego) to 724Mt at 0.48% CuEq for 2.9Mt copper, 2.7Moz gold, 9.9Moz Silver and 64kt molybdenum. Cortadera also contains a higher grade component of 104Mt at 0.74% CuEq, and this has strong potential to continue growing rapidly with further drilling.

View the Cortadera Project

Hot Chili Limited
Head Office (Perth)
First Floor, 768 Canning Highway,
Applecross, Western Australia 6153

P: 08 9315 9009

Categories
Junior Mining Precious Metals

Lakewood Exploration Announces Changes to its Board of Directors and Results from its Annual General Meeting

VANCOUVER, British Columbia, Sept. 22, 2021 (GLOBE NEWSWIRE) — Lakewood Exploration (CSE: LWD / OTC: LWDEF) (“Lakewood” or the “Company”) is pleased to announce the appointment of Lawrence Roulston to its board of directors (the “Board”).

Mr. Roulston has nearly 40 years of diverse hands-on experience in the mining industry and currently serves as a director of several other companies listed on the TSX Venture Exchange and the New York Stock Exchange.

“Over the past few months, Lakewood has completed two transformative acquisitions,” commented Mr. Roulston. “The Company has an exciting business plan and I am pleased to be a part of the Company as we grow and advance the high-potential silver asset portfolio with a goal of becoming a multi-mine silver producer.”

Additionally, the Company is pleased to report the results from its 2021 Annual General Meeting (the “Meeting”) of shareholders held on September 17, 2021. A total of 4,295,508 common shares were voted at the Meeting, representing 12.73% of the issued and outstanding common shares of the Company.

All resolutions presented to the shareholders were approved, and are fully described in the management information circular dated August 11, 2021, which can be found on SEDAR (www.sedar.com).

Sean McGrath will step down from the Board at this time. Mr. McGrath has been a director of the Company since July 2020 and has contributed significantly to the Company during his tenure. The Board wish to express its thanks to Mr. McGrath for his service to the Company.

About Lakewood Exploration Inc.

Lakewood Exploration Inc. is a junior resource company advancing the past-producing Silver Strand Mine in the Coeur d’Alene Mining District in Idaho, USA, both the Eliza Silver Project and the Silverton Silver Mine in one of the world’s most prolific mining jurisdictions in Nevada and the Lacy Gold Project in British Columbia, Canada. The Company is rapidly advancing towards an initial drill program at Silver Strand with the aim of defining a large silver resource within a belt that has produced more than 1.2 billion ounces of silver to-date. Geologic studies indicate that the Silver Strand Mine is hosted by the Revett formation, suggesting the potential for significant down dip extensions as demonstrated by other major mines in the district. Previous operators were solely interested in developing the known shallow mineralization, with the mine’s lowest level extending only 90 meters below surface. Lakewood strives to become a multi-mine silver producer.

On Behalf of the Board of Lakewood Exploration Inc.

Morgan Lekstrom, President

Corporate Office: 551 Howe Street, Vancouver, British Columbia V6C 2C2, Canada
Contact: Kristina Pillon, President, High Tide Consulting Corp.
604.908.1695 / investors@silverhammermining.com

The CSE does not accept responsibility for the adequacy or accuracy of this release.

The Canadian Securities Exchange has not in any way passed upon the merits of the Proposed Transaction and has neither approved nor disapproved the contents of this press release.

Categories
Junior Mining Precious Metals

Labrador Gold Samples 338 g/t Au in New Discovery at Golden Glove 3.5km South of Big Vein

Labrador Gold Corp.Tue, September 21, 2021, 8:00 AMIn this article:

Figure 1

Location of the Golden Glove visible gold occurrence together with other prospective gold targets along the Appleton Fault Zone.
Location of the Golden Glove visible gold occurrence together with other prospective gold targets along the Appleton Fault Zone.
Location of the Golden Glove visible gold occurrence together with other prospective gold targets along the Appleton Fault Zone.

Figure 2

Samples from Golden Glove containing visible gold.
Samples from Golden Glove containing visible gold.
Samples from Golden Glove containing visible gold.

Highlights

  • Rock chip assays from the new discovery include 338.08 g/t Au, 194.28 g/t, 193.69 g/t and 83.61 g/t Au confirming the presence of high-grade epizonal gold in a second location on the Kingsway property
  • This further demonstrates the significant potential for high-grade near surface gold mineralization to be found along the Appleton Fault Zone
  • Golden Glove lies on the southeast side of the Appleton Fault Zone similar to gold occurrences to the south of Kingsway

TORONTO, Sept. 21, 2021 (GLOBE NEWSWIRE) — Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce high-grade assay results from samples collected at a brand new discovery, the Golden Glove, located approximately 3.5km south of Big vein, part of its 100% controlled Kingsway Project near Gander, Newfoundland. The Kingsway project is located within the highly prospective Gander Gold District.

Assays of six grab samples taken from an outcrop of mineralized quartz vein range from 2.99 to 338.08g/t Au. The three highest grade samples contained visible gold. A sample of quartz vein float approximately 60 metres to the northeast of the visible gold outcrop assayed 2.16g/t Au. Highlights of the results are given below.

Sample #Sample TypeSample TypeRock TypeAu (g/t)
709307outcropfloatQuartz vein2.16
709253outcropGrab*Quartz vein with visible gold338.08
709252outcropGrabQuartz vein with visible gold194.28
709251outcropGrabQuartz vein with visible gold193.69
709010OutcropGrabQuartz vein with py, apy and cpy6.34
709009OutcropGrabQuartz vein with py, apy and cpy83.61
555963OutcropGrabQuartz Vein with py2.99

Abbreviations: py pyrite, apy arsenopyrite, cpy chalcopyrite *Note that grab samples are select samples and are not necessarily representative of gold mineralization found on the property.

The Golden Glove discovery is located adjacent to the Appleton Fault Zone approximately 3.5km southwest of Big Vein. Unlike Big Vein, it is located on the southeast side of the Appleton Fault Zone, similar to the Keats, Golden Joint and Lotto occurrences on New Found Gold’s Queensway property immediately to the south.

“The discovery of high-grade gold mineralization at Golden Glove is the result of our systematic approach to exploration at Kingsway. Golden Glove is just one of six prospective gold targets, excluding Big Vein, that we have generated and are currently exploring along the Appleton Fault,” said Roger Moss, President and CEO of Labrador Gold. “We continue to advance these targets and generate new ones along the entire 12km length of the Appleton Fault covered by the Kingsway Project. This is the second new discovery made by LabGold on the Kingsway project following the discovery of Big Vein late last year. We anticipate making further discoveries as we continue to explore what appears to be a very productive fault zone.”

Figure 1. Location of the Golden Glove visible gold occurrence together with other prospective gold targets along the Appleton Fault Zone.
https://www.globenewswire.com/NewsRoom/AttachmentNg/73bedc9c-55cf-454d-a8e9-5bfb71de552e

Figure 2. Samples from Golden Glove containing visible gold.
https://www.globenewswire.com/NewsRoom/AttachmentNg/f7b86958-8832-49ae-a78b-2e9929eb0bce

QA/QC

Samples were shipped to Eastern Analytical Laboratory in Springdale, Newfoundland for assay. Eastern Analytical is an ISO/IEC17025 accredited laboratory. Samples were analyzed for gold by whole sample metallic screen/fire assay or by standard 30g fire assay with ICP (inductively coupled plasma) finish. The company submits blanks, field duplicates and certified reference standards at a rate of approximately 5% of the total samples in each batch.

Roger Moss, PhD., P.Geo., President and CEO of LabGold, a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this release.

The Company gratefully acknowledges the Newfoundland and Labrador Ministry of Natural Resources’ Junior Exploration Assistance (JEA) Program for its financial support for exploration of the Kingsway property.

About Labrador Gold

Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in Eastern Canada.

In early March 2020, Labrador Gold acquired the option to earn a 100% interest in the Kingsway project in the Gander area of Newfoundland. The three licenses comprising the Kingsway project cover approximately 16km of the Appleton fault zone which is associated with gold occurrences in the region, including the New Found Gold discovery. Infrastructure in the area is excellent located just 18km from the town of Gander with road access to the project, nearby electricity and abundant local water. LabGold recently increased its 20,000 metre diamond drill program to 50,000 metres targeting high-grade epizonal gold mineralization following encouraging early results. The Company has approximately $34 million in working capital and is well funded to carry out the planned program.

The Hopedale property covers much of the Hunt River and Florence Lake greenstone belts that stretch over 80 km. The belts are typical of greenstone belts around the world but have been underexplored by comparison. Initial work by Labrador Gold during 2017 show gold anomalies in soils and lake sediments over a 3 kilometre section of the northern portion of the Florence Lake greenstone belt in the vicinity of the known Thurber Dog gold showing where grab samples assayed up to 7.8g/t gold. In addition, anomalous gold in soil and lake sediment samples occur over approximately 40 kilometres along the southern section of the greenstone belt (see news release dated January 25th 2018 for more details). Labrador Gold now controls approximately 57km strike length of the Florence Lake Greenstone Belt.

The Company has 152,912,462 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.

For more information please contact:

Roger Moss, President and CEO Tel: 416-704-8291

Or visit our website at: www.labradorgold.com

Twitter: @LabGoldCorp

Neither 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 contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

Categories
Base Metals Energy Junior Mining

Nevada Copper Provides Operations Update

YERINGTON, Nev., Sept. 21, 2021 (GLOBE NEWSWIRE) — Nevada Copper Corp. (TSX: NCU) (OTC: NEVDF) (“Nevada Copper” or the “Company”) today provided an update on management team additions and execution of its productivity improvement plan.

Highlights

  • Accelerated stope turnover rates: The pace of stope mining continues to accelerate at the Company’s underground mine at its Pumpkin Hollow Project (the “Underground Mine”), with mining from the second stope already complete, and blasting of the third stope commenced. Further improved visibility on stoping inventory and additional stopes is planned in the coming weeks.
  • Team strengthened in key positions: Following Mike Brown assuming the role of Interim President and Chief Executive Officer, a number of key positions have been swiftly filled, adding key mining skills and building out the execution team. Key positions include GM Underground Projects, Interim Chief Operating Officer, Underground Production Manager, Process Manager, Senior Electrical Engineer, and Director of Financial Reporting.
  • Productivity improvement plan generating positive results: Management, including new team additions, have initiated a productivity improvement plan aimed at addressing the operational challenges at the Underground Mine encountered during Q2 2021, including improved planning, monitoring and contractor management systems. In the weeks since initiated, substantial improvements in productivity have been demonstrated in development rates.
  • Processing: Ore from stope mining averaging approximately 1.5% Cu is being delivered to the mill with recoveries as planned and production of concentrate meeting offtake specifications while batch processing ore.

Mike Brown, Interim President and Chief Executive Officer, commented: “I am very pleased to welcome the new additions to our team. Along with strengthened leadership and the addition of key skills, we are already seeing improvements in operational execution and productivity, resulting in increased stope turnover rates. These results are encouraging as we embed operational improvements and continue with the ramp-up of copper production”.

Further Details

Team Strengthening
During August and September, a number of key additions to the Pumpkin Hollow operating team have been made. These additions address prior limitations in availability of mining and geotechnical technical skills within the management team. Key among these additions are:

  • GM Underground Projects: Robert Booth will oversee all underground mining activities, including contractor management and infrastructure. Mr. Booth has substantial underground mining and contractor management experience in the Americas, including as Project Director for Hudbay Minerals since 2018, as Project Director and Mine Manager across Vale’s Canadian operations between 1990 and 2017, and prior to that at Inco Limited.
  • Interim Chief Operating Officer
  • Underground Production Manager
  • Process Manager
  • Senior electrical engineer
  • Director, financial reporting

Productivity Improvement Plan
Over recent weeks, management has undertaken a detailed review of the constraints encountered during Q2 2021 at the Underground Mine and reviewed planning for the remaining ramp-up and steady-state operations. As a result, a number of measures have been implemented to address operational constraints encountered in Q2, including:

  • Stronger contractor management procedures combined with revised contractor key performance indicators and aligned incentive systems to drive improved mining productivity.
  • Planning focus on accelerated stope delivery and prioritization of certain underground infrastructure items key to delivering higher production volumes.
  • Implementation of enhanced inventory management systems and supply chain optimization to ensure critical consumables and spares are available to service mining activities.
  • Optimization of equipment utilization, including revisions to the mobile equipment maintenance program.

The above measures are delivering operational improvements and providing greater visibility on stoping inventory. An increased rate of stope mining is underway with the second stopes mined, the blasting of the third stope having commenced and further stopes planned in the coming weeks.

The surface ventilation fans for the Underground Mine remain on schedule for commissioning in Q4 2021. The Company will provide further updates on operating performance metrics in due course.

Credit Facility Amendments
Discussions are progressing positively with KfW-IPEX Bank (“KfW”), in-line with the expectations previously reported in the Company’s August 31, 2021 news release. The Company expects to finalize amendments to its senior facility with KfW in the coming weeks in order to, among other things, extend the project completion longstop date under the facility. However, there can be no assurance that such amendments and extensions will be obtained.

Completion of Share Consolidation
The Company has completed the previously announced consolidation of its issued and outstanding common shares on the basis of one (1) post-consolidation common share for every ten (10) pre-consolidation common shares (the “Share Consolidation”). The common shares will begin trading on a post-consolidation basis at the market open on September 21, 2021. See the Company’s September 3, 2021 press release for additional details on the Share Consolidation.

Qualified Persons
The technical information and data in this news release was reviewed by Greg French, C.P.G., and Norm Bisson, P.Eng., for Nevada Copper, who are non-independent Qualified Persons within the meaning of NI 43-101.

About Nevada Copper
Nevada Copper (TSX: NCU) is a copper producer and owner of the Pumpkin Hollow copper project. Located in Nevada, USA, Pumpkin Hollow has substantial reserves and resources including copper, gold and silver. Its two fully permitted projects include the high-grade Underground Mine and processing facility, which is now in the production stage, and a large-scale open pit project, which is advancing towards feasibility status.

NEVADA COPPER CORP.
www.nevadacopper.com
Mike Brown, Interim President and CEO

For further information contact:
Rich Matthews, Investor Relations
Integrous Communications
rmatthews@integcom.us
+1 604 757 7179

Cautionary Language

This news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements that relate to mine development plans, production and ramp-up plans and the expected timing and results thereof, equipment installation, and amendments to the Company’s amended and restated senior credit facility with KfW.

Forward-looking statements and information include statements regarding the expectations and beliefs of management. Often, but not always, forward-looking statements and forward-looking information can be identified by the use of words such as “plans”, “expects”, “potential”, “is expected”, “anticipated”, “is targeted”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements or information should not be read as guarantees of future performance and results. They are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and events to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information.

Such risks and uncertainties include, without limitation, those relating to: the ability of the Company to complete the ramp-up of the Underground Mine within the expected cost estimates and timeframe; requirements for additional capital and no assurance can be given regarding the availability thereof; the impact of the COVID-19 pandemic on the business and operations of the Company; the state of financial markets; history of losses; dilution; adverse events relating to milling operations, construction, development and ramp-up, including the ability of the Company to address underground development and process plant issues; failure to obtain extensions under and amendments to the Company’s amended and restated senior credit facility with KfW; ground conditions; cost overruns relating to development, construction and ramp-up of the Underground Mine; loss of material properties; interest rates increase; global economy; limited history of production; future metals price fluctuations; speculative nature of exploration activities; periodic interruptions to exploration, development and mining activities; environmental hazards and liability; industrial accidents; failure of processing and mining equipment to perform as expected; labor disputes; supply problems; uncertainty of production and cost estimates; the interpretation of drill results and the estimation of mineral resources and reserves; changes in project parameters as plans continue to be refined; possible variations in ore reserves, grade of mineralization or recovery rates from management’s expectations and the difference may be material; legal and regulatory proceedings and community actions; accidents; title matters; regulatory approvals and restrictions; increased costs and physical risks relating to climate change, including extreme weather events, and new or revised regulations relating to climate change; permitting and licensing; volatility of the market price of the Company’s securities; insurance; competition; hedging activities; currency fluctuations; loss of key employees; other risks of the mining industry as well as those risks discussed in the Company’s Management’s Discussion and Analysis in respect of the year ended December 31, 2020 and in the section entitled “Risk Factors” in the Company’s Annual Information Form dated March 18, 2021. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements and information. The forward-looking information and statements are stated as of the date hereof. Nevada Copper disclaims any intent or obligation to update forward-looking statements or information except as required by law. Readers are referred to the additional information regarding Nevada Copper’s business contained in Nevada Copper’s reports filed with the securities regulatory authorities in Canada. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements, there may be other factors that could cause actions, events or results not to be as anticipated, estimated or intended. For more information on Nevada Copper and the risks and challenges of its business, investors should review Nevada Copper’s filings that are available at www.sedar.com.

Nevada Copper provides no assurance that forward-looking statements and information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information.

Categories
Exclusive Interviews Junior Mining Precious Metals

Rover Metals – Junior Mining Company, 2 Gold Projects, Yellowknife

Maurice Jackson:

joining us for a conversation is Judson Culter the CEO of Rover Metals (TSX.V: ROVR | OTCQB: ROMVF). It’s a pleasure to be speaking with you today as Rover Metals has some important updates for shareholders regarding two active exploration programs in the Northwest Territories. Before we begin, Mr. Culter please introduce us to Rover Metals and the opportunity the company presents to the market.

Judson Culter:

Rover Metals is a publicly-traded gold company.  We are focused on Northern Canada making a large-scale discovery of high-grade gold.  We operate at the 60th parallel in northern Canada.

Maurice Jackson:

Mr. Culter, take us to the northwest territories where Rover Metals has just completed the drilling component of phase two on the flagship cabin gold project along the Bugow Iron Formation.  Sir, please remind us of the value proposition before it’s on the Cabin Gold Project.

Judson Culter:

The value proposition real-time at the time of this interview is an opportunity to buy in the open market and we are weeks away from bringing the drilling results from this summer to the Market. We spent $1.5 Mil CAD for over 30 drill holes across the Bugow Iron Formation.  We believe based on what we’ve seen in the field and the core that our geologists logged in the field from the drill core, that we’re likely to have another discovery zone.

Maurice Jackson:

I reference that the drilling component is completed but there’s more work still being conducted on phase two. What else do you have going on there?

Judson Culter:

We have an experienced team of field geologists that are actively working on what we’ve eyeballed as two new discovery zones. In addition to you know what we already know in the Arrow Zone, which was our discovery last year. Therefore, we are planning for drilling at depth, which was one of our prime objectives going into the drilling planned in Q1 of 2022.  All of our known surface zones at depth are setting the stage for delineating deep drilling in January along with a ground IP study, which we conducted at the end of August where we believe we got a great bang for the buck on exploration was incredible. We conducted a test run of a known mineralized zone with the IP work the end of August.  And the preliminary results came back and it not only told us areas along the Bugow Iron Formation, which are sulfide versus non-sulfide. 

Important to note, sulfide of course is what’s directly associated with high-grade gold in our project. The Induced Polarization (IP) work has also provides an insight on how to identify low versus high sulfide, which is valuable.  Because it gives us a true depth reading below surface of approximately 75 meters.  Also phase two along with drilling included airborne lidar imagery provide us the visuals to cancel out the trees, water, and the mud to allow us to see structurally see the rocks.  So, combining the lidar data with the drill data and gives us better understanding on things such as faulting, which happens close to surface, and we have to be able to follow the fault down depth to chase the high-grade gold. Again, the IP which is showing us below surface to 75 meters true depth where the high-sulfide is located.  The confidence going into our phase three drill program in January is going to be extremely high and we believe that we may have two additional new zones, in addition to the Arrow Zone, and we’re going to be follow along at depth. These iron formation are  underground mines and is setting the stage for our next program.

Maurice Jackson

Leaving the Cabin Lake Gold Project, let’s visit the Up Town Gold Project where Rover metals retains a 25 ownership interest today Rover metals announced that it has commenced on phase two of exploration.  Mr. Culter briefly acquaint us with the Up Town Gold Project.  The Up Town Gold Project is just on the outer city limits of Yellowknife in the Northwest Territories. The Uptown Gold Project is right next door to the historical Giant Mine. One could literally throw a rock from the Giant Mine head frame and hit the property.  Bearing in mind that the Giant Mine produced multi-millions of ounces of high- grade gold.  We are excited because the Up Town Gold Project is going to see drilling starting in two weeks.  And it’s going to a target that’s been overlooked since the 1960’s.  We believe there is a lot of potential in the northeast quadrant of the property that borders right up against Gold Terra’s claims which now has a 1.3 million ounce gold resource. So we’re in a sweet spot, one of their best drill targets is just north of where we’re going to be drilling. The green stone belt runs through the city of Yellowknife.  And, Newmont on the southern side of the city has optioned off some claims to Gold Terra.  It’s exciting because there’s a lot of renewed interest and multiple companies active in this area. Our partners are moving forward with the drill program and for them to have success benefits Rover as well because we retain 25%, but we also have a framework for a merger.

Maurice Jackson

Mr. Culter, please provide us with the capital structure for Rover metals.

Judson Culter:

Rover Metals has approximately 100 million shares outstanding.  We have a million-plus dollars in the bank right now reflective of that cap structure plus, 100% ownership of three projects plus the 25% ownership in Up Town.  

Maurice Jackson

In closing sir what would you like to say to shareholders?

Judson Culter:

I think now is a good time identify some good buying opportunities now that summer is drawing to a close and the kids are back in school, and double down on some investments such as Rover Metals that are near term on releasing results to the market.  We do expect to have good results in the coming weeks. Therefore, I feel that this may be a great time for speculators to check back in and follow us and hold on for the ride.

Maurice Jackson:

Judson for readers that want to learn more about Rover Metals, please share the contact details.

Judson Culter:

Please visit our website. By the way, we’ve just rebranded new website check us out at www.rovermetals.com.

Maurice Jackson:

Mr. Culter always a pleasure to speak with you, wishing you and Rover metals the absolute best sir.

And as a reminder, I am a licensed representative to buy and sell precious metals through Miles Franklin Precious Metals Investments, where we have several options to expand your precious metals portfolio, from physical delivery of gold, silver, platinum, palladium, and rhodium, to offshore depositories, and precious metals IRA’s. Give me a call at 855.505.1900 or you may email: Maurice@MilesFranklin.com.  Finally, please subscribe to www.provenandprobable.com, where we provide: Mining Insights and Bullion Sales, subscription is free.

Categories
Base Metals Energy Junior Mining Uncategorized

Costa Fuego Lifts Growth Horizon

Hot Chili Limited (ASX: HCH) (OTCQB: HHLKF) (“Hot Chili” or “Company”) is pleased to announce that it is preparing to commence drilling a series of large-scale exploration targets in parallel with resource expansion drilling at its Costa Fuego copper-gold development hub in Chile.

Highlights

Advanced Three-Dimensional (3D) Geochemical targeting,using multielement surface geochemical data, has been applied for the first time across Hot Chili’s consolidated Costa Fuego copper-gold development hub in Chile
The 3D geochemical approach generated probability models which accurately mirrored existing copper resource models at both Cortadera and Productora
Two, large-scale, 3D geochemical targets have been identified as high probability for immediate drill testing– Productora Central and Santiago Z – both considered potential game changers for Costa Fuego’s growing resource base
Both new 3D geochemical targets are larger in size than the main porphyry (Cuerpo 3) at the Company’s Cortadera copper-gold discovery, where three drill rigs are currently operating to upgrade its maiden 451Mt resource
A fourth drill rig is being secured to commence exploration drilling at Productora Central in Q4 this year and regulatory approval for drilling at Santiago Z is expected in December.
Next assay results from resource expansion drilling at Cortadera expected shortly
To access the announcement please click on the link below.

Download full announcement here

Logging core at Cortadera
View looking SE across Productora – New, large 3D geochemical target set to be drilled in Q4 this year

Cortadera Copper Project
Cortadera’s maiden Mineral Resource positions Hot Chili with the largest copper Mineral Resource and one of the largest gold Mineral Resources for an ASX-listed emerging company.

The Cortadera maiden Mineral Resource of 451Mt at 0.46% copper equivalent (CuEq) takes the total Mineral Resource estimate for Costa Fuego (Cortadera, Productora & El Fuego) to 724Mt at 0.48% CuEq for 2.9Mt copper, 2.7Moz gold, 9.9Moz Silver and 64kt molybdenum. Cortadera also contains a higher grade component of 104Mt at 0.74% CuEq, and this has strong potential to continue growing rapidly with further drilling.

View the Cortadera Project

Hot Chili Limited
Head Office (Perth)
First Floor, 768 Canning Highway,
Applecross, Western Australia 6153

P: 08 9315 9009

Categories
Junior Mining Precious Metals

NV Gold Secures Drill Contract

VANCOUVER, BC / ACCESSWIRE / September 16, 2021 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(Frankfurt:8NV) (“NV Gold” or the “Company“) is pleased to announce that Drill NV Inc., based in Dayton, Nevada has been contracted by the Company to provide up to 6,000 meters of reverse circulation (RC) drilling for the Company.

Drilling is expected to commence in October and will initially focus on the Slumber Project followed up with programs at the Discovery Bay Project and then onto the Pickhandle Project.

“Our goal for the upcoming drill program at Slumber will be identifying the higher-grade pathways of gold mineralization. These holes will focus on the north-plunging and open resistor zones that have been identified by geophysics and previous drilling. Phase 1 drilling programs at both Discovery Bay and Pickhandle projects will commence after drilling at the Slumber project is completed”. Stated CEO and President of NV Gold, John Watson.

On behalf of the Board of Directors,

John E. Watson
President & CEO

For further information, visit the Company’s website at www.nvgoldcorp.com or contact:
Freeform Communications at 604.245.0054

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

Forward Looking Statements
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Company’s planned exploration activities, the interpretation of the resistive blanket as having come from higher grade feeder structures and a continuation of the gold system identified in the UVP, the appearance that previous drilling only peripherally intercepted the southwestern edges of two much larger, potentially mineralized resistor zones, the interpretations of the mapping exercise and the dimensions of the strike length and width are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include regulatory issues, market prices, availability of capital and financing, general economic, market or business conditions, timeliness of government or regulatory approvals, the lack of continuity of mineralization, the extent to which mineralized structures extend on to the Company’s Projects and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether because of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

SOURCE: NV Gold Corporation