Category: Junior Mining

Categories
Junior Mining

Federal Court Confirms Status of Kilgore Plan of Operations


Press Release

Otis Gold Corp

(TSX.V: OOO | OTC: OGLDF)

Otis President & CEO, Craig Lindsay, stated: “We are pleased that Judge Winmill has deferred to the Forest Service, relying on both established mining law and the Forest Service’s expertise in respect of the analysis of the environmental impacts of the approved Kilgore Plan of Operation. We will work with the Forest Service to remedy the data deficiencies identified at Dog Bone Ridge, and note that much, if not all, of the information the Court has requested has previously been collected as part of the comprehensive permitting process. This decision is hugely positive for Otis and our ongoing exploration efforts at Kilgore. I would like to thank the Forest Service, in particular its team responsible for Kilgore, and the local community of Clark County, for their continued support. Finally, I want to assure the local community, and Idahoans in general, that we will continue to work collaboratively with all stakeholders, and will maintain our focus on reducing the environmental impact of all exploration activities.”

Tony Perri, Corporate Development/Investor Relations
Tel: 604.424.8100
Email: tony@otisgold.com


Categories
Base Metals Energy Junior Mining

Fission3: Boulders at Hearty Bay Returns Assays of up to 8.23% U308, Identifies Potential Source Location


Press Release

Fission 3.0

(TSX.V: FUU | OTC: FISOF)

Ross McElroy, COO, and Chief Geologist for Fission, commented,
“As these results clearly show, Hearty Bay hosts two parallel and impressive high-grade uranium boulder fields. Our geomorphological, geochemical and geophysics surveys, have resulted in a good understanding of boulder transport direction, and the potential for source location of the mineralization.  Similar studies proved very effective at Fission Uranium’s PLS project, and were instrumental to the discovery of the Triple R deposit. Furthermore, sub-surface imaging from the marine acoustic survey has identified important markers indicating a potential source of the mineralized boulders. This has provided high-priority drill targets and we look forward to the next stage of exploration.” 

To have a conversation with  Fission 3.0 contact Richard Newbury at:

Email: ir@fission3corp.com
Telephone: +1 778-484-8030 


Categories
Junior Mining

Junior gold miners are set for major acquisitions next year: Sprott CEO


Click here

On BNN Bloomberg, Sprott CEO Peter Grosskopf sheds light on the recent merger and acquisition (M&A) trend that started aggressively at the beginning of 2019 and has continued to increase steadily. Grosskopf notes that single-mine companies, which can have a cost-of-capital that is three times greater than that of a major company, are at a disadvantage. The disparity creates opportunities and drives M&A activity.

“There’s a huge difference in the health and the cost of capital of the big companies from the small.” – Peter Grosskopf, Sprott Inc. CEO


Categories
Junior Mining

Lion One Encounters Multiple High-Grade Gold Intercepts at Tuvatu


Press Release

Lion One Metals 

(TSX.V: LIO | OTCQX: LOMLF)

“We are very pleased with the multiple high-grade intercepts encountered in our first deep drill hole at Tuvatu,” commented Dr. Quinton Hennigh, technical advisor to Lion One. “As anticipated, we see high-grade mineralization extending and evolving at depth. As we continue to drill additional deep holes, we hope to gain a better understanding of the underlying plumbing system that brought up gold-rich fluids and ultimately discover the root feeder or feeders that gave rise to the Tuvatu lode complex. Alkaline gold deposits are known to extend to great depths, so we have plenty of room to explore. And thanks to our recent encouraging BLEG results, we now know we have an extensive anomalous area within the northern part of the Navilawa caldera to explore for extensions of this robust gold system. Thanks to our recent over-subscribed private placement, our C$18 million treasury will allow us to aggressively explore the Navilawa Caldera for the very first time.”

LION ONE METALS

T: 604.998.1250
E: info@liononemetals.com


Categories
Junior Mining Precious Metals

Group Ten Drills 272 m of 1.90 g/t Pt Equivalent (0.42% Ni Equivalent), Starting from Surface and Including Continuous Palladium, Platinum, Gold, Nickel, Copper and Cobalt Mineralization, at the Iron Mountain Target Area at Stillwater West


Press Release


Town Hall Registry

Group Ten Metals

 (TSX:V: PGE | OTCQB: PGEZF)

 

Michael Rowley, President and CEO, commented, “We are very pleased with the results of our first drill program in the Iron Mountain target area, with all three holes delivering some of the longest intervals of mineralization ever encountered in the Stillwater district. We have now confirmed the presence of wide intervals of nickel and copper sulphide mineralization starting from surface that are enriched in platinum, palladium, gold, and cobalt.  Overall the results provide an essential proof-of-concept for the presence of “Platreef-style” bulk tonnage mineralization in the lower Stillwater Complex. Our work is identifying much larger mineralized systems than have previously been recognized in the Stillwater Complex, with results that are comparable to the style of mineralization found in the Platreef of South Africa’s Bushveld Complex, host to some of the world’s largest nickel-copper sulphide hosted PGE mines. These new drill results provide valuable information for our 3D block models and advancement of the HGR mineralized zone towards delineation of a first resource. We look forward to reporting additional drill results in the coming weeks from the neighboring Camp Zone and Chrome Mountain target areas, as well as our target definition and refinement programs at earlier-stage targets across the 25-kilometer-wide project.”

Group Ten Metals Inc.

Suite 904 – 409 Granville Street
Vancouver, BC V6C 1T2

Tel: +1 (604) 357-4790
Email: info@grouptenmetals.com

https://youtu.be/FBYrTizr6DE

Categories
Junior Mining

Great Bear Drills New “Gap” Zone: 16.80 g/t Gold Over 4.15 m and 1.25 g/t Gold Over 45.50 m; Auro Zone Drilling Intersects 241.88 g/t Gold Over 1.20 m Within 48.67 g/t Gold Over 8.70 m


Press Release

Great Bear Resources

(TSX.V: GBR | OTCQX: GTBDF)

Chris Taylor, President and CEO of Great Bear said, “With the discovery of high-grade gold mineralization in the new Gap area, the last significant undrilled segment of the LP Fault between the Bear-Rimini and Viggo zones is being successfully filled.  Remarkably, all (100%) of the drill holes completed into the LP Fault structure to-date have intersected similar gold mineralization and host geology.  Results continue to support continuity of gold mineralization along more than 4 kilometres, which remains open along strike and at depth.  Our drilling strategy for 2020 is threefold: 1) We plan to continue the discovery process through drill-testing of new targets across the project, 2) we plan to continue significant step-out drilling over 12 kilometres of the 18 kilometre LP Fault, and 3) we will undertake concurrent closely spaced drilling in areas where we have already successfully intersected gold.”

Contact Great Bear Resources:
Phone : 604-646-8354
Email: info@greatbearresources.ca


Categories
Junior Mining

Irving Resources’ First Drill Holes at Omui Mine Site Return High-Grade Gold and Silver (Au-Ag)


Press Release

Irving Resources

(TSX.V: IRV | OTC: IRVRF)

“We are excited by the high grades seen in our first two holes from Omui Mine site,” commented Dr. Quinton Hennigh, director and technical advisor to Irving. “Given these intercepts occur high in the system, we think they bode well for the discovery of further high grade veins within the boiling zone below. Our first deep hole, 19OMI-010, has intersected multiple veins displaying clear indications of boiling and provides us our first glimpse of the deeper part of the system at Omui. We eagerly await further assays from this exciting discovery at our Omu Gold Project.”

INVESTOR RELATIONS:

Email: Info@IRVresources.com
Tel: 604-682-3234