Category: Junior Mining

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Base Metals Energy Junior Mining Precious Metals Project Generators

PAUL STEPHENS – Robertson Stephens Funds discusses the royalty model; EMX Royalty “Town Hall” live (& replay) webinar, Wed, Jan 16, 4:05 PM EST

Listen to the Wall Street experts ask the questions

david

Join Us: Paul Stephens, co-founder of RS Investments (Robertson Stephens) discusses the royalty model; EMX Royalty Corp. “Town Hall”-style (live & replay) webinar, Wed, Jan 16, 4:05 PM EST

This Wednesday, January 16th at 4:05 PM  Eastern (EST) we will be covering the royalty model of resource investing with EMX Royalties and Silicon Valley legendary financier and investor Paul Stephens. The royalty model provides exposure to multiple upside opportunities, while minimizing the impact on a company’s treasury. (Think Wheaton, Franco Nevada, Osisko Gold Royalties and Sandstorm.) David Cole, Pres&CEO of EMX will be presenting.
EMX: website, presentation, stock page (US), stock page (CA), pre-registration link.
To help explain the model before the formal presentation by EMX Royalty, Paul H. Stephens, Stephens Investment Management (19% shareholder of EMX) will be speaking. Paul  has been a leading figure in west coast asset management and investment banking for over thirty years. He is the co-founder and Managing Director of RS Investments. RS Investments (formerly Robertson StephensInvestment Management) is a San Francisco-based mutual fund group that managed over $10 billion in assets. (full bio at end of this email.)

Along with a live presentation by management, there will be an expert Q&A panel of Wall Street veterans asking the tough questions you may not have thought to ask. There will also be an opportunity to send in your questions. pre-register here

EMX Royalty Corporation has a long-standing track record of success in exploration discovery, royalty generation, royalty acquisition, and strategic investments. Their diversified, three pronged business approach provides exposure to multiple upside opportunities, while minimizing the impact on EMX’s treasury.

EMX’s business model is designed to efficiently manage the risks inherent to the minerals exploration and mining industry.  Key elements and resulting advantages of their unique approach are:

  • The company organically generate royalties through low cost property acquisition and early-stage exploration to build value, and then develop partnerships with quality companies to advance the projects, with EMX retaining a royalty interest and receiving pre-production payments.
  • Their organic royalty growth is supplemented by purchases of royalties from other parties, as well as strategic investments.
  • Cash flow from royalties, advance royalties, and other property payments are supplemented by returns from strategic investments, and provide “self-funding” operating capital for our ongoing business initiatives.
  • Using this model, they sustainably grow the royalty portfolio, with minimal dilution to our shareholders.

EMX’s royalty and property portfolio spans five continents, and consists of a balanced mix of precious metal, base metal, and other assets.

Now all you have to do is listen…. Click below to pre-register (required):

• Projects & investments on five continents
• Total of over 1.8 million acres of mineral property assets from acquisition & evaluation of >5 million acres over 15 years
• Gold, copper, cobalt, polymetallic, & other interests
• Assets range from royalty properties to early stage exploration projects

• Diversified portfolio with multiple sources of cash flow: ‒ Royalty revenue from producing operations ‒ Sale of assets with retained royalty interests ‒ Pre-production payments from new and ongoing agreements

• Optionality from operators’ investments on EMX’s royalty properties

About Paul H. Stephens, Partner and Chairman

Paul Stephens is a Partner and Chairman of SIM. Paul has been a leading figure in west coast asset management and investment banking for over thirty years. He is the co-founder and Managing Director of RS Investments. RS Investments (formerly Robertson Stephens Investment Management) is a San Francisco-based mutual fund group that managed over $10 billion in assets.
Paul was also a co-founder of Robertson Stephens & Company (“RSCO”) with Sandy Robertson in 1978. While at RSCO, he initially headed up the firm’s research and institutional sales groups, before managing the Robertson Stephens venture capital group from 1984-1990. RSCO grew to become one of the world’s premier boutique investment banks, helping to finance hundreds of Silicon Valley growth companies. RSCO was sold to Bank of America in 1997 and then re-sold to BancBoston in 1998. Paul spearheaded RSCO’s expansion into the asset management business and launched the Orphan Fund in 1990 and the Contrarian Fund in 1993. These funds were part of the foundation of the RSCO asset management business that would later become Robertson Stephens Investment Management.
Paul is a past Chairman and board member of the Haas Business School Advisory Board at the University of California at Berkeley. As an Adjunct Professor of Finance at Haas, Paul taught an investment class for ten years entitled “Investment Styles and Strategies” to second-year MBA students. He has also been an active board member of DUMAC (the Duke Management Company), which manages Duke University’s endowment fund, as well as a director of the U.C. Berkeley Foundation. In 2002, Paul was named a Berkeley Fellow. Paul holds both Bachelor’s (1967) and Master’s (1969) degrees in Business Administration from the Haas School of Business at U.C. Berkeley.

We hope you’ll make the webinar.

click here to pre-register (required): https://attendee.gotowebinar.com/register/7515864959936092161?source=Mail+Chimp
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Base Metals Junior Mining

UEC Announces New NI 43-101 Mineral Resources, Reno Creek ISR Project, Wyoming

Uranium Energy Corp Announces New and Consolidated NI 43-101 Mineral Resources* at the Reno Creek ISR Project, Wyoming
 

  • New and expanded M&I mineral resources rank the Project as the largest permitted, pre-construction in-situ recovery (“ISR”) uranium project in the U.S.
  • First time that the major mineralized trends of the Reno Creek ISR Project have been consolidated within the Eastern Pumpkin Buttes District of the Powder River Basin.
  • Considerable ISR exploration and expansion potential within open mineralized trends based on available historical drilling.

 

  • Added resources benefit from existing production permits in place.

Corpus Christi, TX, January 15, 2019 – Uranium Energy Corp (NYSE American: UEC, the “Company” or “UEC”) is pleased to announce the Company has completed an updated National Instrument 43-101 Standards of Disclosure for Mineral Properties (“NI 43-101”) resource estimate for its Reno Creek ISR Project (“Reno Creek” or the “Project”).
The Project is in the Powder River Basin, Wyoming, and now includes the consolidation and inclusion of the former North Reno Creek project (“North Reno Creek”) into the Company’s Reno Creek Project. * The report is entitled “Technical Report and Audit of Resources of the Reno Creek ISR Project, Campbell County, Wyoming, USA” dated December 31, 2018 as prepared for the Company by Behre Dolbear, an internationally recognized mining consulting firm (the “Report”).
The Report estimates a Measured and Indicated (“M&I”) mineral resource of 26 million pounds of uranium (“U3O8”) at a weighted average grade of 0.041% U3O8contained within 32 million tons, and an Inferred mineral resource of 1.49 million pounds U3O8at a weighted average grade of 0.039% U 3O8contained within 1.92 million tons. *
Amir Adnani, President and CEO, stated, “For decades, the Reno Creek uranium district has been unable to reach its full potential due to fractured ownership. Through a string of accretive acquisitions over the past 24 months, UEC has successfully consolidated the key project areas, clearing the path for this substantial new resource, with the benefit of being covered under our existing production permit. We’re executing on contrarian acquisitions during difficult years in the uranium market and have amassed a production profile of low-cost and fully permitted ISR projects. Combining Reno Creek with the Company’s South Texas ISR projects, positions UEC to lead a renaissance in U.S. uranium production via the ISR mining method, which is globally recognized for being low cost and environmentally friendly.”
The Company completed the acquisition of the North Reno Creek project in May 2018 (press release dated May 3, 2018), and since that time has been focused on updating resources, consolidating permits, merging databases and locating all Project related information into a newly opened office in Glenrock, Wyoming, near the Project.
The Company contracted Behre Dolbear, an internationally recognized mining consulting firm, to complete the Report on the Project. The Report will be filed on SEDAR within 45 days of the date of this press release. Henceforth, Reno Creek and North Reno Creek will be considered as one project in terms of resource reporting, permitting and pre-production planning. The M&I resource estimate for the Project is presented in Table 1: *
Please click this link for the full release: http://www.uraniumenergy.com/news/releases/index.php?content_id=727

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Junior Mining

EXCELLON Announces 2018 Production Results

TORONTO , Jan. 15, 2019 /CNW/ – Excellon Resources Inc. (TSX:EXN and OTC:EXLLF) (“Excellon” or the “Company”) is pleased to announce fourth quarter and annual 2018 production results from the Platosa Mine in Durango, Mexico .

Highlights

  • 2018 Production (compared to 2017)
  • Q4 2018 Production (compared to Q4 2017)

“We realized strong improvements in production in Q4 over Q3 2018, though December scheduling and lower base metal prices impacted silver equivalent production,” stated Brendan Cahill , President and CEO. “Overall, 2018 was a strong year, with record tonnage processed at our Miguel Auza facility and Platosa optimization efforts continuing to pay off. We continue to identify and pursue opportunities to increase metal production and remain focused on increasing daily tonnage while maintaining improved ore grades.”

Production Results

Q4 2018

Q4 2017

2018

2017

Tonnes Mined

16,570

16,114

57,475

57,165

Ore processed (t)

16,132

15,203

56,874

54,425

Historical stockpile processed (t)

5,209

2,775

24,130

9,316

Tonnes Milled

21,341

17,978

81,004

63,742

Ore grades

Silver (g/t)

556

467

488

429

Lead (%)

4.90

4.19

4.87

4.12

Zinc (%)

6.07

6.49

6.90

5.92

Historical stockpile grades

Silver (g/t)

152

191

163

181

Lead (%)

1.49

1.72

1.55

1.55

Zinc (%)

1.57

2.09

1.95

1.69

Blended head grades

Silver (g/t)

458

424

391

393

Lead (%)

4.07

3.81

3.88

3.75

Zinc (%)

4.97

5.81

5.42

5.30

Recoveries

Silver (%)

89.7

90.3

89.2

89.3

Lead (%)

81.2

80.0

79.4

80.9

Zinc (%)

79.4

82.2

80.8

81.4

Metal Production*

Silver (oz)

274,324

223,349

917,714

718,460

Lead (lb)

1,498,851

1,198,286

5,446,218

4,241,225

Zinc (lb)

1,824,406

1,897,894

7,894,186

6,059,922

AgEq (oz)**

509,043

475,007

1,929,092

1,470,650

Average Realized Prices

Silver

$14.74

$16.32

$15.62

$16.89

Lead

$0.89

$1.14

$1.01

$1.08

Zinc

$1.17

$1.45

$1.34

$1.34

*

Subject to adjustment following settlement with concentrate purchaser.

**

AgEq ounces established using average realized metal prices during the period indicated
applied to the recovered metal content of concentrates.

Production during Q4 2018 improved over Q3 2018 and Q4 2017 as multiple ore faces were accessed in the Rodilla, 623, Guadalupe South and Pierna mantos with higher grades and recoveries realized. With ongoing access to multiple ore faces, production is expected to improve further as development progresses toward the next production horizon in level 924.

The Company expects to release fourth quarter financial results at market open on March 20, 2019 .

Qualified Persons

Denis Flood , P. Eng., Vice President Technical Services, has acted as the Qualified Person, as defined in NI 43-101, with respect to the disclosure of the scientific and technical information relating to production results contained in this press release.

About Excellon

Excellon’s 100%-owned Platosa Mine has been Mexico’s highest-grade silver mine since production commenced in 2005. The Company is focused on optimizing Platosa’s cost and production profile, discovering further high-grade silver and carbonate replacement deposit (CRD) mineralization on the 21,000 hectare Platosa Project and epithermal silver mineralization on the 100%-owned 45,000 hectare Evolución Property, and capitalizing on current market conditions by acquiring undervalued projects in the Americas.

Additional details on the La Platosa Mine and the rest of Excellon’s exploration properties are available at http://www.excellonresources.com/.

Forward-Looking Statements

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this Press Release, which has been prepared by management. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including potential property acquisitions, the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/reserves, geological interpretations, proposed production rates, potential mineral recovery processes and rates, business and financing plans, business trends and future operating revenues. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, significant downward variations in the market price of any minerals produced, the Company’s inability to obtain any necessary permits, consents or authorizations required for its activities, to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies. All of the Company’s public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties, and particularly the September 7, 2018 NI 43-101 technical report prepared by SRK Consulting ( Canada ) Inc. with respect to the Platosa Property. This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States. 

SOURCE Excellon Resources Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2019/15/c2644.html

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Junior Mining

GROUP TEN METALS Exhibiting at Booth 322, Vancouver Resource Investment Conference, Jan 20-21, 2019

Vancouver, British Columbia–(Newsfile Corp. – January 14, 2019) – Group Ten Metals (TSXV: PGE) would like to cordially invite you to visit us at Booth #322 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Sunday January 20 – Monday January 21, 2019.

The Vancouver Resource Investment Conference has been the bellwether of the junior mining market for the last twenty-five years. It is the number one source of information for investment trends and ideas, covering all aspects of the natural resource industry.

Each year, the VRIC hosts over 60 keynote speakers, 350 exhibiting companies and 9000 investors.

Investment thought leaders and wealth influencers provide our audiences with valuable insights. C-suite company executives covering every corner of the mineral exploration sector as well as metals, oil & gas, renewable energy, media and financial services companies are available to speak one on one. This is a must-attend for investors and stakeholders in the global mining industry.

For more information and/or to register for the conference please visit: https://cambridgehouse.com/vancouver-resource-investment-conference

We look forward to seeing you there.

For further information:

Group Ten Metals
Chris Ackerman
604 357 4790
cackerman@grouptenmetals.com
www.grouptenmetals.com

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Junior Mining

METALLIC MINERALS Corp Invites Shareholders and Investment Community to visit us at Booth 322 at the VRIC Conference in Vancouver, January 20-21, 2019

Vancouver, British Columbia–(Newsfile Corp. – January 14, 2019) – Metallic Minerals Corp (TSXV: MMG) would like to cordially invite you to visit us at Booth #322 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Sunday January 20 – Monday January 21, 2019.

The Vancouver Resource Investment Conference has been the bellwether of the junior mining market for the last twenty-five years. It is the number one source of information for investment trends and ideas, covering all aspects of the natural resource industry.

Each year, the VRIC hosts over 60 keynote speakers, 350 exhibiting companies and 9000 investors.

Investment thought leaders and wealth influencers provide our audiences with valuable insights. C-suite company executives covering every corner of the mineral exploration sector as well as metals, oil & gas, renewable energy, media and financial services companies are available to speak one on one. This is a must-attend for investors and stakeholders in the global mining industry.

For more information and/or to register for the conference please visit: https://cambridgehouse.com/vancouver-resource-investment-conference

We look forward to seeing you there.

For further information:

Metallic Minerals Corp
Chris Ackerman
6046297800
chris.ackerman@metallic-minerals.com
www.metallic-minerals.com

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Junior Mining Project Generators

RIVERSIDE RESOURCES Visit Riverside at the VRIC – Booth #816

Dear Riverside Shareholders and Followers,
Riverside invites you to visit management on January 20-21 to the Vancouver Resource Investment Conference (VRIC) held at the Vancouver Convention Centre West. We look forward to meeting and providing shareholders and investors with a detailed corporate update and outlook for 2019.
Use Promo Code ‘VRIC19GUEST‘ for free entry to this years show.
Please visit us at booth #816 or give us a call at your convenience to catch-up on the latest Riverside news.
Best regards,
The Riverside Team
relmajian@rivres.com 
778-327-6671 x 312

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Junior Mining Project Generators

MILLROCK RESOURCES Inc.: Invitation to VRIC Booth 1213

Vancouver, British Columbia–(Newsfile Corp. – January 14, 2019) – Millrock Resources Inc. (TSXV: MRO) would like to cordially invite you to visit us at Booth #1213 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Sunday January 20 – Monday January 21, 2019.

The Vancouver Resource Investment Conference has been the bellwether of the junior mining market for the last twenty-five years. It is the number one source of information for investment trends and ideas, covering all aspects of the natural resource industry.

Each year, the VRIC hosts over 60 keynote speakers, 350 exhibiting companies and 9000 investors.

Investment thought leaders and wealth influencers provide our audiences with valuable insights. C-suite company executives covering every corner of the mineral exploration sector as well as metals, oil & gas, renewable energy, media and financial services companies are available to speak one on one. This is a must-attend for investors and stakeholders in the global mining industry.

For more information and/or to register for the conference please visit: https://cambridgehouse.com/vancouver-resource-investment-conference

We look forward to seeing you there.

For further information:

Millrock Resources Inc.
Millrock Resources Inc.
1-877-217-8978
mhenderson@millrockresources.com
www.millrockresources.com

Categories
Junior Mining

MINERA ALAMOS Launches New Website and Announces Attendance at VRIC Conference

Toronto, Ontario and Vancouver, British Columbia–(Newsfile Corp. – January 14, 2019) –  Minera Alamos Inc. (TSXV: MAI) (“Minera” or the “Company”) cordially invites you to visit with Company representatives at Booth #838 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Sunday, January 20th – Monday, January 21st, 2019.

Minera looks forward to updating shareholders and conference attendees alike on its aggressive plans for 2019, following the conclusion of a highly successful 2018 and especially given its progress on its proposed mine development, with permitting milestones achieved at the La Fortuna project, Durango, Mexico and pending permits at the Santana project, Sonora, Mexico.

For more information and/or to register for the conference please visit:

https://cambridgehouse.com/vancouver-resource-investment-conference

New and Improved Website Launched

In addition, the Company is pleased to have launched a brand new and comprehensive website at www.mineraalamos.com and we welcome site visitors to sign up to ensure prompt receipt of Minera’s news and updates.

Cannot view this image? Visit: https://media.zenfs.com/en-us/newsfile_64/32fbe88a4751f2cfe629c15d44d8486a
Cannot view this image? Visit: https://media.zenfs.com/en-us/newsfile_64/32fbe88a4751f2cfe629c15d44d8486a

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4183/42141_e3ad73c02406398e_002full.jpg

For Further Information Please Contact:

Minera Alamos Inc.
Doug Ramshaw, President
Tel: 604-600-4423
Email: dramshaw@mineraalamos.com
Website: www.mineraalamos.com

About Minera Alamos Inc.

Minera Alamos is an advanced-stage exploration and development company with a growing portfolio of high-quality Mexican assets, including the La Fortuna open-pit gold project in Durango with positive PEA completed, the Santana open-pit heap-leach development project in Sonora with test mining and processing completed and the Guadalupe de Los Reyes open-pit gold-silver project in Sinaloa with mine planning in progress. The Company is awaiting the pending approval of permit applications related to the commercial production of gold at both the Santana and Fortuna projects.

The Company’s strategy is to develop low capex assets while expanding the project resources and pursue complementary strategic acquisitions.

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

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Junior Mining

ROVER METALS Corp. announces Exploration Targets at its Cabin Lake Gold Project

Vancouver, British Columbia – (January 14, 2019) – Rover Metals Corp. (TSXV: ROVR)(OTC Pink Sheets: ROVMF) (“Rover Metals” or the “Company”) is pleased to announce that the Company’s technical team has identified its drill targets for the Cabin Lake Gold Project (the “Property”) based on a combination of (i) its interpretation of historic workings and (ii) the recently completed geophysical and geochemical program performed in Q3 and Q4 of 2018.
Judson Culter, CEO at Rover Metals, states: “The 2018 magnetic survey and soil sampling program results have expanded the anomalous zones and expanded on the known gold mineralized zones. Within these zones we have identified the best drill targets for converting the historic drill results into current NI 43-101 resource standards. The new targets were developed from the re-interpretation of the historic work programs completed to date, which included over 7,500 meters of diamond drill data purchased from North Arrow Minerals – a legacy asset from exploration drilling completed by Aber Resources (Grenville Thomas) in the late 1980’s.”
The Company has found and GPS referenced all the historic blasted trenches and small pits at the Andrew North and South Zones, as well as those located at the Beaver, Camp and other locations within the Property. The UAS magnetic survey was key to providing the desired resolution and contrast on the Bugow Iron Formation, known host of the Property’s gold mineralization. The 2018 ground geochemical soil survey produced multi-element (Au-Ag-As-S-Cu) anomalies over known mineralization zones and additional zones coincident with conceptual mineralized targets.
Three zone were prioritized for the 2019 diamond core drilling campaign: the Cabin Lake Gold Zone, the Andrew South Hinge Zone and the Andrew North Hinge Zone.
Cabin Lake Gold Zone
This mineralized zone is the anchor mineralized zone for the Property. It has a historic non-NI 43-101 compliant resource estimate of 100,000 tons grading 10 gpt Au. Mineralized zone strike length is over 100m and to a shallow depth of 70m from surface. The best historic mineralized diamond core drill holes reported by Aber Resources include 15.0g/t Au over 12.1m (in hole DDH86-28); 15.8 g/t Au over 8.02m and 9.6 g/t Au over 1.04m (in hole DDH86-12); and 12.5 g/t Au over 4.1m (in hole DDH86-26), amongst other encouraging drill intercepts.
Rover Metals will continue to diamond core drill this zone at different hole geometries, with  a larger area diamond drill core diameter (NQ2 or HQ) in order to both validate the historical intercepts and  continue to expand the mineralized zone along strike and depth.
Andrew South Hinge Zone
This mineralized zone has been expanded from the re-interpretation of the historical data. The Bugow Iron formation surface  projections from the UAS magnetic survey clearly indicates the historic mineralized zone geometry is comprised of 100m long tight fold closure (hinge) of a synform that wraps along the Bugow Iron Formation and continues to the northwest. The topography is also recessive on that flank of the synform and the intensity of the Total Magnetic response may indicate sulphidization, in a very similar arrangement as the Cabin Lake Gold Zone. More than 20 historic pits/trenches have been identified  by GPS surveying. The Andrew South zone has a non-NI 43-101 compliant resource estimated at 43,900 tons grading 4.39 gpt Au.
A diamond core drill program has been designed follow the hinge down dip under the historic open cut towards the northwest following the fold limb in areas or reduced magnetic intensity that suggest higher sulphide content as replacements of the Iron Formation as part of the proven geologic model.
Andrew North Hinge Zone
This mineralized zone has  been reinterpreted from historical data. The fold closure (hinge) geometry correspond to an antiform and it is more open than at the Andrew South. All trenches/pits have been GPS located. The Andrew North zone has a non-NI 43-101 compliant resource estimate of 18,100 tons grading 7.89 gpt Au.
A diamond core drilling program has been designed to further investigate areas of reduced magnetic  intensity within the Bugow Iron formation at the hinge zone coincident with recessive topography, to test for gold mineralization.
Other zones 
Additional shear zones and parallel sets of sulphidized iron formations have been located in other parts of the Property and a meaningful exploration program has been designed  to perform prospecting, mapping, and sampling.
Technical information in this news release has been approved by Raul Sanabria, M.Sc., P.Geo., VP of Exploration at Rover Metals Corp. and a Qualified Person for the purposes of National Instrument 43-101.
About Rover Metals
Rover Metals is a natural resource exploration company specialized in Canadian precious metal resources that is currently focused on the Northwest Territories of Canada, one of the most mining friendly jurisdictions in North America. Rover Metals will have a booth (#911) at the upcoming Vancouver Resource Investor Conference on January 20-21, 2019 featuring a 3D rendering of its exploration model for the Cabin Lake Gold Project.
ON BEHALF OF THE BOARD OF DIRECTORS 
“Judson Culter” 
Chief Executive Officer and Director
For further information, please contact:
Judson Culter
Email: judson@rovermetals.com
Phone: (604) 449-5347
Statement Regarding Forward-Looking Information 
This news 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 will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Rover’s expectations. Rover undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
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.
Copyright © 2019 Rover Metals Corp., All rights reserved.
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Rover Metals Corp.

1155 West Pender Street
Suite 708

Vancouver, BC V6E 2P4

Canada
Categories
Junior Mining

ABEN RESOURCES Uncovers High-Grade Gold at the Justin Project Lost Ace Zone, Yukon Territory

VANCOUVER, British Columbia, Jan. 14, 2019 (GLOBE NEWSWIRE) — Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (the “Company”) is pleased to provide a summary of exploration results from the 2018 exploration program on their 100% owned Justin Gold Project in the Yukon Territory. Work completed in 2018 included the collection of 19 channel and 28 chip samples from 5 trenches, 16 rock samples, 7 till samples and 240 soil samples with coverage totaling 6.0 line-km. The 2018 field program focused primarily on the Lost Ace Zone, a gold bearing zone discovered in 2017. Lost Ace is located 2 kilometers west of Aben’s POW Zone where past drill results indicate potential for bulk-tonnage gold mineralization with intercepts reported ranging from trace values to highs of 1.19 g/t Au over 60.0 m (including 2.47 g/t Au over 21.0 m) and 1.49 g/t Au over 46.4 m.

Justin Gold Project, Yukon location map:
https://www.abenresources.com/site/assets/files/4303/abn_justin_project_-_property_location_2017_small.jpg

2018 results from trenches TR18-001 through TR18-005 (115 m2) from the Lost Ace quartz stockwork vein zone include:

  • TR18-001 returned values ranging from trace to an average of 20.8 grams/tonne (g/t) gold (Au) over 4.4 m, including 88.2 g/t gold (Au) over 1.0 m. Visible gold was observed in the sample returning 88.2 g/t gold (Au).
  • The 2018 high-grade samples were collected 127 meters from 2017 discovery outcrop and within 20 meters from where a bulk soil sample returned 1135 visible gold grains in 2017.
  • TR18-003 returned 0.9 g/t gold (Au) over 1.0 m while three grab samples from a large quartz boulder excavated from the contact zone returned 7.3 g/t Au, 3.9 g/t gold and 4.6 g/t gold respectively. Visible gold was also noted in one of these samples. TR18-003 was completed as an extension to TR17-004 which returned 4.7 g/t gold (Au) over 1.0 m. This particular trend of quartz stockwork veining has now been exposed over 8.0 meters.

Mineralization at Lost Ace is interpreted to be orogenic-style quartz-gold veins that bear a strong resemblance to and share similar geologic setting with Golden Predator’s adjacent 3 Aces Property. Previous exploration at Justin has successfully discovered Intrusion related sheeted veins & vein breccias along with gold bearing skarn mineralization. The new discovery at Lost Ace highlights the existence of a multi-phase hydrothermal system with the potential for overprinting mineralizing systems.

Mike Burke, P. Geo., and former Chief Geologist with Golden Predator Mining Corp. states “The orogenic style mineralization discovered at Lost Ace shares many characteristics with the orogenic veins discovered at the 3 Aces project. Exploration at 3 Aces has shown the regionally extensive stratigraphic contact in the middle Yusezyu Formation contains consistently highly-anomalous gold values. The discovery of gold mineralization in the upper Yusezyu Formation at Lost Ace suggests newly discovered orogenic gold mineralization could occur over a significant stratigraphic extent between the upper and middle Yusezyu Formation on the Justin Property. In addition, the previously discovered intrusive related gold mineralization at the POW Zone would have intruded through the prospective stratigraphy which hosts the older orogenic mineralization in the district potentially enhancing grades in the intrusion related gold system.”

The new zone at Lost Ace is located at the northern end of a 250 meter gold-in-soil soil anomaly that remains open in all directions. The soil geochemical response may be somewhat muted due to the thick glacial cover in the area. Channel sampling at Lost Ace in 2017 returned 1.44 g/t Au over 5.0 m including 4.77 g/t Au over 1.0 meter. Also a bulk soil sample taken from the area contained 1135 visible gold grains, the majority of which were termed ‘pristine’ indicating a proximal bedrock source for the gold.

Coarse Gold Grains from Justin Project, Lost Ace Zone, Yukon:
https://www.abenresources.com/site/assets/files/4303/abn_justin_jn2018_
coarse_gold_grains.jpg

In addition to the new Lost Ace Zone, several other high-priority exploration targets are located within 1 km of the POW Zone. Defined by geophysics and geochemistry, these targets remain untested and represent significant potential for expanding the current extent of the intrusion related gold system.

Table 1 – 2018 Trench Summary Results

Zone Trench Easting Northing Composite Channel Sample Results
Lost Ace TR18-001 4.40 m @ 20.8 g/t gold
Lost Ace TR18-002 1.00 m @ 0.3 g/t gold
Lost Ace TR18-003 1.00 m @ 0.9 g/t gold
Lost Ace TR18-004 No Significant Results
Lost Ace TR18-005 No Significant Results

*True thickness is interpreted to be 50-60% of the sampled interval

Analytical and QA/QC description

All samples were submitted to ALS Minerals in Whitehorse for preparation. Geochemical analysis was completed at ALS Minerals Laboratory in Vancouver. The following analytical techniques were used for all rock samples: ME-MS41, Au-AA26 50 g Fire Assay and a select grouping of samples were further analyzed by a Screen Metallic Fire Assay Method Au-SCR24C. All gold values reported in the news release are the total gold value provided by the Screen Metallic Fire Assay Method. The following analytical techniques were used for all soil samples: ME-MS41, Au-ST43 and Au-AROR43 for all samples > 0.1 ppm Au. The Company’s QAQC measures included insertion of external blanks and standards into the sample stream for all rock chip/channel samples. A minimum of one standard sample and one blank sample were inserted for each continuous set of trench samples. Additional QAQC samples were added to the sample sequence at the discretion of the geologist where visible gold was noted in quartz vein material.

Cornell McDowell, P.Geo., V.P. of Exploration for Aben Resources, has reviewed and approved the technical aspects of this news release and is the Qualified Person as defined by National Instrument 43-101.

About Aben Resources:

Aben Resources is a Canadian gold exploration company developing gold-focused projects in British Columbia, the Yukon Territory, and Saskatchewan. Aben is a well-funded junior exploration company with approximately $5.6 million in its treasury and no debt.

For further information on Aben Resources Ltd. (TSX-V: ABN), visit our Company’s web site at www.abenresources.com.

ABEN RESOURCES LTD.

“Jim Pettit”
____________________________
JAMES G. PETTIT
President & CEO

For further information contact myself or:
Don Myers
Aben Resources Ltd.
Director, Corporate Communications
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@abenresources.com

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

This release includes certain statements that may be deemed to be “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management 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. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.