Category: Junior Mining

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Junior Mining

GRANITE CREEK COPPER Acquires Extensive Database for the Stu Copper-Gold-Silver Project in Yukon, Canada

VANCOUVER, British Columbia, Feb. 19, 2019 (GLOBE NEWSWIRE) — Granite Creek Copper Ltd. (GCX.V) (“Granite Creek” or the “Company”) is pleased to announce it has secured a substantial historic database detailing exploration work conducted on the area now covered by the Company’s Stu Copper-Gold-Silver Project (“Stu” or the “Project”) by United Keno Hill Mines Ltd. (“UKHM”). As a result of acquiring this comprehensive exploration data, Granite Creek is well positioned to rapidly advance its target development and refinement work for exploration in 2019 in the high-grade Carmacks Copper District. The information consists of complete drill data from a 4,504 metre, 28-hole program including logs, assay results and lithology, plus historical trenching and sampling results including detailed geological mapping and key information on geology, structure and possible mineral controls.

The following provides a concise history and summary of the exploration work now in the Company’s possession. UKHM staked the area and carried out prospecting and reconnaissance soil sampling in the summer of 1976 as well as magnetic and VLF-EM surveys over selected areas. The historic Stu claims were staked in January 1977 to cover areas reporting anomalous in copper as determined by this program. During the 1977 season, UKHM competed soil sampling, as well as additional magnetic and VLF geophysical surveys. An Induced Polarization survey was carried out over several anomalous zones in 1978 and, the following year, 16 bulldozer trenches were excavated across four separate geochemical anomalies.

Follow up work in 1980 included 28 diamond drill holes totaling 4,504 metres. The full results of the 1980 drill program were not reported publicly, except for selective results filed for assessment. Highlights of the 1980 drill program included 3.44% Cu, 1.87 g/t Au and 13.37 g/t Ag over 13.5m in DDH 80-09, 3.51% Cu, 2.49 g/t Au and 18.35 g/t Ag over 13.5 m in DDH 80-14 and 2.80% Cu, 4.04 g/t Au and 17.42 g/t Ag over 12.5 m in DDH 80-18.

Mr. Timothy Johnson, President and CEO, stated, “Acquiring this database has confirmed our belief in the potential of the Stu project and greatly accelerates the Company’s planning for the upcoming field season. Advances made on other deposits in the Carmacks Copper District in the years since UKHM completed this work have led to a greater understanding of mineralizing controls to these high-grade copper-gold-silver deposits. The Company is now positioned to apply this knowledge in combination with modern exploration techniques to rapidly advance the Project and reveal its potential for new high-grade copper-gold deposits in the mining-friendly Yukon Territory. Additional news releases will be forthcoming as we announce the results of our ongoing work including compilation and modeling results, and 2019 exploration plans.”

About Granite Creek Copper

Granite Creek Copper is a Canadian exploration company focused on the 100%-owned Stu Copper-Gold-Silver project located in the Yukon’s Carmacks Copper District, which covers 111 square kilometres adjacent to Capstone Mining’s high-grade Minto Cu-Au-Ag Mine and Copper North’s advanced-stage Carmacks Cu-Au-Ag project.

About the Metallic Group of Companies

The Metallic Group is a collaboration of leading exploration companies with a portfolio of large, brownfields assets in established mining districts, adjacent to some of the industry’s highest-grade producers. Member companies include Granite Creek Copper (GCX.V) in the Yukon’s Carmacks Copper District, Metallic Minerals (MMG.V) in the Yukon’s Keno Hill Silver District, and Group Ten Metals (PGE.V) in the Stillwater PGM-Ni-Cu district of Montana. Highly experienced management and technical teams at the Metallic Group have expertise across the spectrum of resource exploration and project development from initial discoveries to advanced development, including a demonstrated commitment to community engagement and environmental best practices. Each Metallic Group company is undertaking a systematic approach to exploration using new models and technologies to facilitate discoveries in these proven historic mining districts.

FOR FURTHER INFORMATION PLEASE CONTACT:

Timothy Johnson, President

Telephone:   1 (604) 235-1982
Toll Free:      1 (888) 361-3494
E-mail:         info@gcxcopper.com

Website: www.gcxcopper.com
Metallic Group: www.metallicgroup.ca

Quality Control and Quality Assurance

Drill results are considered historic and have not been independently verified by Granite Creek Copper.  Ms. Debbie James, P.Geo., is the qualified person for the purposes of National Instrument 43-101, and she has reviewed and approved the technical disclosure contained in this news release.

Forward-Looking Statements

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

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

Categories
Junior Mining

MINERA ALAMOS Receives Additional Gold Sale Proceeds and Prepares for Phase 2 Drilling at the Santana Gold Project, Sonora, Mexico

Toronto, Ontario and Vancouver, British Columbia–(Newsfile Corp. – February 19, 2019) – Minera Alamos Inc. (TSXV: MAI) (“Minera Alamos” or the “Company”)  is pleased to report a further gold sale from residual leaching of its 50,000 t bulk leach test at the Santana gold project in Sonora, Mexico.

A gold/silver sale for the 162 oz of contained gold and 54 oz of contained silver was made resulting in net proceeds of US$213,000 received by the Company.

Although the majority of the recoverable gold has now been extracted from the bulk test material, limited residual leaching continues. The cumulative gold recovered from the bulk test activities to date is as follows:

Total Gold Recovered – 1,060 oz Au

Calculated Recovered Gold – 0.66 g/t Au (based on total mineralized material loaded to the heap leach test area)

As previously stated by the Company (see news release July 26th, 2018) the results achieved from the bulk sample leaching testwork met or exceeded expectations across the range of crush sizes that were tested. The positive results led to the filing in 2018 of permit amendments to allow for the development of a commercial scale operation at the Santana project site. The Company awaits notice of final approval for these permits.

Phase 2 Exploration Planning Complete

Following the successful Phase 1 results achieved in late 2018, the Company has also completed its exploration plans for a Phase 2 exploration and development drilling program at the Santana project. The program is currently planned to total in excess of 10,000 m and is expected to run throughout the year. Phase 2 work will include expansion drilling at the Nicho and Nicho Norte deposits and exploration drilling at a number of high priority targets:

  • Nicho/Nicho Norte – 20-30 infill and step out holes (~4,000m) – Drilling will seek to further expand on the step-out drill holes from Phase 1 drilling that included: 127m grading 0.81 g/t Au and 80m grading 1.05 g/t Au (see news releases dated October 11th, 2018, October 17th, 2018 and November 1st, 2018)
  • Divisadero – 20 holes (3,000m) to follow up on a Phase 1 discovery hole containing 95.7m at 0.85 g/t Au and 0.33% Cu (see news release dated October 25th, 2018) and the subsequent mapping of over 400m of the related porphyry style outcrop and float (announced in the news release dated November 15th, 2018).
  • Zata – 5-10 holes (~1,500m) which will be the first holes in this new breccia pipe discovery (see news release dated October 1st, 2018)
  • Benjamin – 5-10 holes (~1,500m) to further understand historical drilling which yielded results including 2.3 g/t Au & 444.0 g/t Ag over 19.8 m and 0.70 g/t Au over 93.0 m yet has remained undrilled since 2011.
  • Ubaldo – 5-10 holes (~1,500m) to follow up on a historic target with utilizing the new geological models for the project area

All target areas are located within 3km of the currently proposed commercial leach pad area for which the Company awaits notice of approval for permits submitted last year.

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

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.

Mr. Darren Koningen, P. Eng., Minera Alamos’ CEO, is the Qualified Person responsible for the technical content of this press release under National Instrument 43-101. Mr. Koningen has supervised the preparation of, and approved the scientific and technical disclosures in this news release.

Caution Regarding Forward-Looking Statements

This news release may contain forward-looking information and Minera Alamos cautions readers that forward-looking information is based on certain assumptions and risk factors that could cause actual results to differ materially from the expectations of Minera Alamos included in this news release. This news release includes certain “forward-looking statements”, which often, but not always, can be identified by the use of words such as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. These statements are based on information currently available to Minera Alamos and Minera Alamos provides no assurance that actual results will meet management’s expectations. Forward-looking statements include estimates and statements with respect to Minera Alamos’ future plans with respect to the Projects, objectives or goals, to the effect that Minera Alamos or management expects a stated condition or result to occur and the expected timing for release of a resource and reserve estimate on the Projects. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, the economics of processing methods, project development, reclamation and capital costs of Minera Alamos’ mineral properties, the ability to complete a preliminary economic assessment which supports the technical and economic viability of mineral production could differ materially from those currently anticipated in such statements for many reasons. Minera Alamos’ financial condition and prospects could differ materially from those currently anticipated in such statements for many reasons such as: an inability to finance and/or complete an updated resource and reserve estimate and a preliminary economic assessment which supports the technical and economic viability of mineral production; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with Minera Alamos’ activities; and other matters discussed in this news release and in filings made with securities regulators. This list is not exhaustive of the factors that may affect any of Minera Alamos’ forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on Minera Alamos’ forward-looking statements. Minera Alamos does not undertake to update any forward-looking statement that may be made from time to time by Minera Alamos or on its behalf, except in accordance with applicable securities laws.

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.

Corporate Logo
Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/42908

Categories
Base Metals Junior Mining Precious Metals Project Generators

RIVERSIDE Signs Definitive Option Agreement and Receives Cash and Shares From Partner

VANCOUVER, British Columbia, Feb. 19, 2019 (GLOBE NEWSWIRE) — Riverside Resources Inc. (“Riverside” or the “Company”) (TSX-V: RRI) (RVSDF) (R99.F), is pleased to announce that partner Sinaloa Resources Inc. has entered into a Definitive Agreement (the “Agreement”) signed on January 30, 2019 that begins with an Initial Option to acquire a 70% interest in the La Silla Project (the “Project”). Sinaloa Resources has issued Riverside 1,000,000 common shares and now paid $60,000 total in cash. Riverside and Sinaloa Resources expect the commencement of a first phase $300,000 exploration program in the coming months, as per the Agreement (see Table 1 below).

Under the terms of the Agreement, the Initial Option to earn 70% is predicated upon the issuance by Sinaloa Resources of shares at a value of $1,000,000, $60,000 in cash payments and exploration work totaling $2,000,000 over 36 months (see Table 1 below).

Riverside’s President and CEO, John-Mark Staude, stated: “We are pleased to move forward with Sinaloa Resources in the La Silla precious metal district in Sinaloa, Mexico. The last exploration and drilling program at La Silla intersected high grades and we look forward to operating and collaborating with our partner to build on historical success in this district.”

Riverside has completed extensive generative prospecting work at the Project including rock-chip and grab samples up to 19.9 g/t Au and 200 g/t Ag. Riverside’s previous work programs focused on extending known areas of mineralization, such as the Ciruelo and El Roble veins (see press release June 19, 2018). Further property-wide exploration also successfully identified new showings, structures and historical abandoned workings as part of the Company’s generative work aimed at developing additional exploration target areas to increase the pipeline of new discovery targets at La Silla.

Sinaloa Resources is currently a privately held company and intends to pursue a listing transaction on either the TSX Venture Exchange (“TSXV”) or the Canadian Securities Exchange (“CSE”) within 12 months of execution of the Definitive Agreement. The Agreement also includes several provisions that protect Riverside in the event of early termination or a late listing transaction.

Table 1: Initial Option – Sinaloa Resources to acquire 70% interest in La Silla

Due Dates Cash
Payments		 $ Value of
Shares to be
Issued		 Exploration
Expenditures
Upon Execution of the LOI $25,000 Nil
Upon Execution of the Definitive Agreement $35,000 $100,000
12 Months from the Date of the Definitive Agreement $100,000 $300,000
24 Months from the Date of the Definitive Agreement $100,000 $700,000
36 Months from the Date of the Definitive Agreement $700,000 $1,000,000
Total: $60,000 $1.000,000 $2,000,000
All amounts in Canadian dollars

Additional Agreement Details:
To earn an additional 30% (the “Additional Option”), Sinaloa Resources must incur a further $1,000,000 in exploration work and issue Riverside additional Sinaloa Resources shares at a value of $500,000. Riverside will retain a 3% NSR on the Project should Sinaloa Resources complete 100% earn-in, or Riverside’s interest dilutes to less than 10%.
Qualified Person & QA/QC:
The scientific and technical data contained in this news release pertaining to the La Silla Project was reviewed and approved by Freeman Smith, P.Geo, a non-independent qualified person to Riverside Resources, who is responsible for ensuring that the geologic information provided in this news release is accurate and who acts as a “qualified person” under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

About Riverside Resources Inc.:
Riverside is an exploration company driven by value generation and discovery. The company has fewer than 45M shares issued and a strong portfolio of gold-silver and copper assets in North America. Riverside has extensive experience and knowledge operating in Mexico and leverages its large database to generate a portfolio of prospective mineral properties. In addition to Riverside’s own exploration spending, the Company also strives to diversify risk by securing joint-venture and spin-out partnerships to advance multiple assets simultaneously and create more chances for discovery. Riverside has additional properties available for option, with more information available on the Company’s website at www.rivres.com.

ON BEHALF OF RIVERSIDE RESOURCES INC.
“John-Mark Staude”
Dr. John-Mark Staude, President & CEO

For additional information contact:

John-Mark Staude
President, CEO
Riverside Resources Inc.
info@rivres.com
Phone:  (778) 327-6671
Fax:  (778) 327-6675
Web:  www.rivres.com		 Raffi Elmajian
Corporate Communications
Riverside Resources Inc.
relmajian@rivres.com
Phone: (778) 327-6671 ext. 312
TF: (877) RIV-RES1 ext. 312
Web: www.rivres.com

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

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

Categories
Junior Mining

NxGold Provides Exploration Update

CNW Group
  • Seeking to resolve Kuulu access issues
  • Programmes of Work pending approval for Roe Gold Project
  • Application for Excess Tonnage approved

VANCOUVER , Feb. 19, 2019 /CNW/ – NxGold Ltd. (“NxGold” or the “Company“), (TSXV: NXN) is pleased to provide exploration activity guidance for the first half of 2019. Meeting requests, applications and notices required for the execution of exploration activities throughout 2019 have been submitted to the appropriate regulatory bodies and organisations. The expectation is that in 2019 NxGold will be able to resolve the current inability to explore at its Kuulu project in Nunavut and at the same time will advance select targets at the Mt. Roe Gold Project to the drill evaluation stage of exploration.

Kuulu Project:

The Kuulu Project has received a positive Nunavut Planning Commission (NPC) conformity decision, a positive Nunavut Impact Review Board (NIRB) decision and a Type B Water License from the Nunavut Water Board (NWB) for water use for camp and drilling purposes. In addition, a land use license from the Lands Department of the Kivalliq Inuit Association (KIA) is required for NxGold to undertake exploration activities on the Kuulu project area. This licence has not yet been obtained but the Company continues to work with the KIA and the local community in an effort to obtain the necessary licence which has been granted the previous seven years on the same tenements. The underlying Earn-in Agreement with Meliadine Gold Ltd. (private) is in good standing and remains under force majeure until the Company can access the ground under the Land Use License terms. The underlying Mineral Exploration Agreement with Nunavut Tunngavik Inc. also remains in good standing with rents paid up to date with expenditure requirements under force majeure due to the inability to undertake work.

Mt. Roe Gold Project: Prinsep tenements:

Programme of Work applications (‘PoW’) have been submitted that contemplate activities including detailed soil sampling across the 1.8 km length of the horizon of interest that has previously returned two roughly 500 m sections hosting elevated gold values in rock grab samples (see News Releases dated: January 22, 2019 and December 18, 2018 ). Subsurface evaluation using rotary air blast drilling is also contemplated by the PoW submission.

Mt. Roe Gold Project: Sholl tenements:

PoW applications have been filed for work that covers trenching for shallow high-grade mineralisation in the Kangaroo, Hawk, Eagle and Upper Pineapple areas and rotary air blast drilling in the Eagle area. Proposed work on these tenements includes silt sampling drainages on the recently granted tenements (see News Release dated: December 18, 2018 ), initial and additional soil sampling in the Crow, Eagle, and Hawk areas. Evaluation of induced polarisation geophysics to refine targets on known auriferous structures may also be undertaken.

In addition, the Company is pleased to report that it has received approval of its applications for the ability to remove excess tonnages of material from the Mt. Roe tenements from the Western Australian Department of Mines, Industry Regulation and Safety. These approvals will allow the company to undertake disturbance works significantly in excess of the volumes normally allowed under prospecting licences.

The above work programs on the Mt. Roe Gold Project are designed to refine targets for potential drilling evaluation by midyear.

The Company is planning to commence field work by mid-March on the assumption that all the necessary applications are approved in time.

Christopher McFadden , Chief Executive Officer, commented, “We are looking forward to progressing discussions with the KIA in Nunavut with the objective of being able to obtain the necessary licence so we can commence exploration on the exciting Kuulu project as soon as we can. We are highly aware of the issues raised by the community and are hopeful we can reach a mutual understanding that will allow our proposed activities to commence. In Australia we are looking forward to continuing the detailed and systematic exploration approach on the recently granted tenements and are hoping to start work as soon as conditions in the field are cooler and all necessary applications and paper-work has been completed with the relevant authorities.

Figure 1: Locations of proposed activities; silt sampling on new grants, gridded soils (orange), soils/air core/RAB (red), and trenching (magenta) leading to potential further mid-year drilling. (CNW Group/NxGold Ltd.)
Figure 1: Locations of proposed activities; silt sampling on new grants, gridded soils (orange), soils/air core/RAB (red), and trenching (magenta) leading to potential further mid-year drilling. (CNW Group/NxGold Ltd.)

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

About NxGold

NxGold is a Vancouver-based exploration company. The Company owns 80% of the Mt. Roe gold project located in the Pilbara region of Western Australia. The Company has also entered into an earn-in agreement with Meliadine Gold Ltd. to earn up to a 70% interest in the Kuulu Project (formerly known as the Peter Lake Gold Project) in Nunavut .

Technical Disclosure

NxGold advises that the Mt Roe Gold project is an early stage exploration project and there is no certainty of the discovery nor definition of a mineral resource.

The scientific and technical information in this news release has been prepared or approved by Darren Lindsay , P.Geo., Vice President Exploration and Development, of the Company, a “qualified person” within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.Although efforts have been made to review the historical soil data the sample location nor values have been verified by the qualified person as of the date of this release and therefore readers are cautioned about interpretations of that data.

Cautionary Statement Regarding “Forward-Looking” Information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to activities, events or developments that the Company expects or anticipates will or may occur in the future including whether the proposed acquisition will be completed. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof.

Such forward-looking information and statements are based on numerous assumptions, including among others, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company’s planned exploration activities will be available on reasonable terms and in a timely manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: negative operating cash flow and dependence on third party financing, uncertainty of additional financing, no known mineral reserves or resources, reliance on key management and other personnel, potential downturns in economic conditions, actual results of exploration activities being different than anticipated, changes in exploration programs based upon results, and risks generally associated with the mineral exploration industry, environmental risks, changes in laws and regulations, community relations and delays in obtaining governmental or other approvals.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

NxGold Ltd. (CNW Group/NxGold Ltd.)
NxGold Ltd. (CNW Group/NxGold Ltd.)

SOURCE NxGold Ltd.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2019/19/c5821.html

Categories
Junior Mining

SANDSTORM GOLD Royalties To Release 2018 Fourth Quarter And Annual Results On February 19

VANCOUVER, BC / ACCESSWIRE / February 15, 2019 / Sandstorm Gold Ltd. (”Sandstorm Gold Royalties” or ”Sandstorm”) (NYSE American: SAND, TSX: SSL) will release its 2018 fourth quarter and annual results on Tuesday, February 19, 2019 after markets close.

A conference call will be held on Wednesday, February 20, 2019 starting at 8:30am PST to further discuss the fourth quarter results. To participate in the conference call, use the following dial-in numbers and conference ID, or join the webcast using the link below:

Local/International: (+1) 201 389 0899
North American Toll-Free: (+1) 877 407 0312
Conference ID: 13687067
Webcast URL: https://bit.ly/2WXcsmU

Contact Information

For more information about Sandstorm Gold Royalties, please visit our website at www.sandstormgold.com or email us at info@sandstormgold.com.

ERFAN KAZEMI KIM FORGAARD
CHIEF FINANCIAL OFFICER INVESTOR RELATIONS
604 689 0234 604 628 1164

ABOUT SANDSTORM GOLD ROYALTIES

Sandstorm is a gold royalty company that provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine, for the life of the mine. Sandstorm has acquired a portfolio of 187 royalties, of which 20 of the underlying mines are producing. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold royalties. For more information visit: www.sandstormgold.com.

SOURCE: Sandstorm Gold Ltd.

View source version on accesswire.com:
https://www.accesswire.com/535435/Sandstorm-Gold-Royalties-To-Release-2018-Fourth-Quarter-And-Annual-Results-On-February-19

Categories
Junior Mining Precious Metals

RICK RULE | How Far Will The Next Upturn In Commodities Go?

Feb 13, 2019 04:54 pm
By Remy Blaire

NOIC 2018 Mining Share panel (left to right): Brien Lundin, Nick Hodge, Byron King, Lobo Tiggre (Click to watch).

Rick Rule hosted the timely Mining Share panel at the New Orleans Investment Conference alongside Brien Lundin, Editor of Gold Newsletter and CEO of the New Orleans Investment Conference. Joining Rick and Brien were Nick Hodge, Founder and President of The Outsider Club, Byron King, Editor at Agora Financial, and Lobo Tiggre, Founder and CEO of Louis James LLC.
The panel, which brought a wealth of opinions and convictions on the mining sector, was a favorite among attendees.
For his part, Rule balanced the discussion with his own successes and tough lessons, reminding the audience at one point that “bear markets are the authors of bull markets” — or, in other words, when it comes to commodity prices, what goes down must eventually go up. He challenged the panelists on the prospect of a mining sector resurgence. As you might expect, the contrarian investing experience on the panel provided for a lively discussion chock-full of information.
It may come as no surprise that uranium was among the expert panel’s top picks while copper and silver received honorable mentions
Among the topics examined were:

  1. Risk versus reward: What kind of capitalization looks attractive in the current investing climate?
  2. Commodity themes: Which commodity is a favorable opportunity and why?
  3. Sector themes: What sector themes in mining are attractive?
  4. Market upside: How far will the upturn in commodities go as a result of the down cycle?
  5. Black swan events: How might a black swan impact the commodity thesis?

Click here to watch the discussion in its entirety.

Rick Rule (moderator).

The New Orleans Investment Conference is known as an annual gathering of minds in The Crescent City. It has become a legendary investment get-together over the course of four-and-a-half decades. The NOIC has amassed prominent keynote speakers made up of renowned economists, entrepreneurs, politicians and literary figures. The panel discussions feature a host of distinguished speakers who address crucial investing topics and answer the pressing questions of the private investors. The most recent Conference in New Orleans embraced the uncertainty in market sentiment with panel discussions on the economy, geopolitics and the “Booms, Busts and Bubbles.”
To watch the presentation from NOIC 2018, CLICK HERE.
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Blog Junior Mining

KEVIN DOUGAN Valentine Gifts 2019

Original Source: https://kdblueskymarketing.com/valentine-gifts-2019/

As time goes by …. famous events and stories of days gone by are slowly forgotten and vanished into obscurity. For the young millenials of today, February 14th at one time was a very special day, especially for kids and their secret classroom sweethearts. In schools all over the Americas it was actually a very exciting day that was fun but could also prove to be very nerve racking and sometimes downright gut wrenching and gloomy.

On arts in crafts day (yes that was an actual part of the curriculum) teachers passed out scissors (the rounded ones thankfully) colored construction paper , white doilies , boxes of Crayola crayons & of course the famous sticky paste glue. Most of which for some unknown reason was eaten or found a way into your hair. Armed with this cornucopia of ammo, kids embarked on the task of creating homemade Valentine cards. The cards would be passed out along with Hershey Kisses and small chalky candy, known as Conversation Hearts. The messages varied from Be Mine, Kiss Me to Buzz Off. etc… but looking back sometimes could evoke a myriad of emotions also.
These cards could either be set your heart a flutter or crush it into fine powder. I kid you not, the day could be a traumatic experience, joy for the popular kids and a day of dread for the nerds. I can remember being passed over by my Kindergarten Crush, Katie and having to deal with it during several intense therapy sessions in later years. ? We should all pity the really traumatized kids who were left to get a card and hug from the Joe the janitor or Lucy the lunch lady. ?

This day was also infamous for one of the most famous Mob Hits in history. It occurred on this day, February 14, 1929. The ambush took place in a warehouse in Chicago’s North Side by four assailants dressed as police officers. The hit was supposedly ordered and planned by the one and only ,notorious Al Capone who was known as one of the most ruthless criminals in American History. This event was specifically designed to send a message and was targeted on St. Valentines’ Day for maximum effect and will be forever ingrained in American folklore.

Well … how does this tie in to Junior Resource stocks ??? … let me elaborate. There are certain stocks who I hold very dear to my heart on this Valentines Day, 2019. Many of whom whose shares prices have been massacred from their 52 week highs. I would like to point a few out that I feel are at very good entry points on this February 14. 2019. The only way to make money in this business is to seek out the unloved and unfavored. Take a chance and wait for the love to come back  slowly but surely.

Jericho Oil/ JCO – This is a smartly managed Oil & Gas company that is sitting in one of the most prolific and growing oil fields in the US. They acquired very valuable land in the STACK region in north central Oklahoma when others were asleep at the wheel. Buying quality land on the cheap is going to pay off big time soon.  Their new wells  which they have been debuting have been top notch. The price of Oil has been steadily climbing (up over 25% since the first of the year) It is just a matter of time that real money will start flowing back into the sector.

JCO/ Jericho Oil

February 14 2109 Share Price  40 cents

52 Week H/L  .40 -$1.38

This way under valued dynamo is primed and waiting to catch a bid.  JCO certainly needs to shown some love on Valentine’s Day, it can embraced at its absolute low for the year today and with Oil prices climbing steadily the share price is soon going to tag along for the ride. Be Mine !!!

McEwen Mining (MUX) – This very well run company is just waiting for the Gold price to set it off again. Catapulting it to the heights it commanded during the last bull run. Namesake, Rob McEwen pays himself $ one dollar a year (which is one more than I get) only if the shareholders make money so does Rob (quite the incentive).  McEwen owns 23% of McEwen which amounts to 80 Million Shares of a 345 Million float. Now that friends is serious skin in the game. With a well rounded portfolio of properties spread over the Americas and with primary targets of Gold, Silver & Copper, MUX is diversified into minerals which are sure to appreciate in price after many long years of manipulation and suppression.

MUX/ McEwen Mining

February 14, 2019 Share Price  $1.76

52 Week H/L  $1.61 – $2.62

Coming on line soon is a new open -pit mine in very mining friendly, Nevada in the historic Battle Mountain trend. Debuting with all in costs at $975 oz and with the price of Gold steadily rising. This keeper will surely add a steady profits to the bottom line for many years to come. First year production is forecasted at an impressive 60 K ounces. The key thing that excites me as a shareholder is during the last bull run MUX topped out close to $10 a share, and now the company has many more irons in the fire. The goal is to get MUX listed on the S&P and that would open up a whole new world of potential shareholders. Rob McEwen former CEO of GoldCorp during its glory years has $160 Million , yes $160 million of his own dough invested in himself by way of MUX.  Rob & his wife Cheryl,  have donated $50 Million to stem-cell research which is very near and dear to my heart as I lost my Mom at a young age to a rare form of cancer. So as you can tell, Mr. McEwen is a sweet heart of a guy and has a very generous heart.  MUX is worth a long look on this Valentines Day.

Upon graduating college I had a “Graduate” moment of my own. In that smart timeless movie, “The Graduate” an older sophisticated tycoon whispered in Dustin Hoffman’s ear “Plastics”. If it was good enough for DH, it was good enough for me, it launched me into a very long lucrative career selling plastics to a waiting world. Similarly, I think the phase that will be whispered now as the up and coming thing is “Vanadium”

Vanadium is the new flavor of the year in metals. The price in short order rose from $3 a pound to $34 and has since settled in the $17 range and seems to be riding the beginning of another upward wave. Vanadium is used to strengthen steel which is of great concern since the failure of Chinese steel during recent earthquake activity. It is also used autos & airplanes to strengthen and more importantly shave off significant weight, which greatly improves fuel efficiency.  FVAN/ First Vanadium aptly named, was one of the first companies to realize what lay on the horizon. CEO Paul Cowley smartly acquired a property in mining friendly Nevada that was once owned by industry giant Union Carbide. As large behemoth companies often do, they give up and capitulate on properties at preciously the wrong time. The property was drilled extensively with great results but they finally threw their hands up when rock bottom Vanadium prices seemed the norm. They gave it away for a song. One mans junk turns into another mans treasure. Although in this case their junk happens to be a now very sexy in-vogue metal.

FVAN/ First Vanadium Corp

February 14. 2019  Share Price  59 Cents

52 Week H/L   .27 – $1.96

Soft-spoken Paul Cowley has secured powerhouse Peak Marketing to get the story out and spread the gospel of FVAN. He will need their help to separate the wheat from the chaff, as I saw every Tom, Dick & Harry displaying Vanadium signs at their booths at the recent Vancouver Resource shows. I swear it seemed as if the paint wasn’t even dry at some of these charlatans and opportunists booths. You read it here first, First Vanadium was indeed FIRST and has been carefully vetted by me. They will have a Resource Estimate out in perfect timing for PDAC and it should be very impressive and possibly game changing. You have been dutifully notified. This once ugly duckling has turned into golden goose. Get some on Valentines Day before the Vanadium fever burns too hot.

This was written with the purpose to point out some undervalued and unloved companies temporarily out of favor at this point in time.These companies have been carefully researched and vetted. by me. Also this articles purpose is too remind & make sure my readers, fans and subscribers stay out of the dog house today and remember to load up on the candy , flowers and some stocks if there is any dough left over. ?

This piece was written for informational purposes and to point out a few companies that I feel are worth taking a long look at. This is certainly NOT investment advise. Always consult you financial adviser before making any investments. I hold shares in each and JCO is a  valued supporter of my website and helps keep me running and growing. My website can be found at www.kdblueskymarketing.com  where I strive to find unloved , out of favor companies that I feel are worth looking into. Sign up for my FREE monthly newsletter and see what each month brings.

February 15th, 2019|Best Mining Companies

 

Categories
Junior Mining Oil & Gas

JERICHO OIL to Exhibit at NAPE Summit 2019 in Houston

TULSA, Okla. and VANCOUVER, British Columbia, Feb. 13, 2019 (GLOBE NEWSWIRE) — Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC PINK: JROOF) is pleased to announce its participation in the NAPE Summit 2019 as an exhibitor February 13-15, 2019 at the George R. Brown Convention Center in Houston, Texas.

Interested parties are invited to visit the Jericho team at Booth 4957 to learn more about the Company and its ongoing development and acquisition activities focused in the prolific Anadarko Basin STACK Play of Oklahoma.

The NAPE Summit brings together prospects and all the key players needed to evaluate, facilitate and execute deals. In the upstream oil and gas business, it is the largest and most successful event of its kind in the world.

Brian Williamson, CEO of Jericho Oil, stated, “Our team is excited about the current and future activities surrounding the STACK Play and we look forward to discussing this with industry leading participants at this year’s NAPE Summit.”

About Jericho Oil Corporation

Jericho Oil (www.jerichooil.com) is focused on domestic, liquids-rich unconventional resource plays, located primarily in the Anadarko basin STACK Play of Oklahoma.  Jericho’s primary business objective is driving long-term shareholder value through the growth of oil and gas production, cash flow and reserves.  Jericho has assembled an interest in 55,000 net acres across Oklahoma, including an interest in ~16,000 net acres in the STACK Play. Jericho owns a 26.5% interest in STACK JV.

Jericho’s current operations are focused on the oil-prone Meramec and Osage formations in the STACK.  The Jericho team applies advanced engineering analyses and enhanced geological techniques to under-developed resource areas.

Based in Vancouver, British Columbia, with operational headquarters in Tulsa, Oklahoma, Jericho trades publicly on the TSX-Venture (JCO) and OTC (JROOF). Jericho owns its net acre position in Oklahoma through, and participates in the STACK JV through, one or more wholly owned subsidiaries.

Cautionary Note Regarding Forward-Looking Statements: This news release includes certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities laws. 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 events and results to differ materially from Jericho’s expectations include risks related to the exploration stage of Jericho’s project; market fluctuations in prices for securities of exploration stage companies; and uncertainties about the availability of additional financing.

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

CONTACTS:
Adam Rabiner,
Director, Investor Relations
1.800.750.3520
investorrelations@jerichooil.com

Categories
Junior Mining Oil & Gas

JERICHO OIL Report from IHS Markit notes a new Oklahoma land rush is underway in the Anadarko Basin

Booming production is leading to a 21st-century “land rush” for mineral rights in the Anadarko Basin, an oil and natural gas industry analyst reported on Thursday.

IHS Markit, a publicly traded data and analysis firm, estimates the basin holds more than 16 billion barrels of oil and more than 200 trillion cubic feet of natural gas within reservoirs that can be drilled and produced using today’s technologies.

The report notes that horizontal wells that were drilled and completed the past decade within the basin, which extends north and west from southern Oklahoma into parts of Texas and Kansas, already created a tsunami of growing production that doesn’t appear will slow anytime soon.

It adds that IHS Markit analysts estimate only about 20 percent of “sweet spot” locations within one of its plays, the STACK, have been drilled so far.

“The play is still in its early stages of unconventional development,” said John Roberts, IHS Markit’s global subsurface operations executive director. “We can easily envision an additional 4,000 to 5,000 horizontal wells drilled.”

Roberts and IHS Markit report co-author Prithiraj Chungkham, its director of unconventional resources, said they have identified 41 stacked plays within the Anadarko where unrisked resources likely could be found.

Predictably, the report states that IHS Markit has noticed frenzied activities on the part of both company-owned and independent land offices seeking to obtain rights involving those plays before any wells are drilled.

“We are now witnessing a new kind of Oklahoma land rush,” Roberts said. “But unlike what happened in 1889 when lands were opened to settlement, this time the competition is for access to the energy resources that lie below the surface.”

Article URL:  https://newsok.com/article/5619951/report-from-ihs-markit-notes-a-new-oklahoma-land-rush-is-underway-in-the-anadarko-basin

Categories
Junior Mining

MARITIME Announces Management Changes

Vancouver, British Columbia–(Newsfile Corp. – February 7, 2019) – Maritime Resources Corp. (TSXV: MAE) (“Maritime” or the “Company”) announced that the following management changes have occurred:

  • Ms. Niina Makela has resigned as Maritime’s Chief Financial Officer;
  • Ms. Germaine M. Coombs CPA, CMA has been appointed as Maritime’s Chief Financial Officer;
  • Ms. Jacqueline Collins has resigned Maritime’s Corporate Secretary; and
  • Ms. Lorna D. MacGillivray LLB has been appointed as Maritime’s Corporate Secretary.

Maritime’s President and Chief Executive Officer, Mr. Garett Macdonald, stated, “I would like to thank Niina and Jackie, on behalf of Maritime and its Board, for their contributions to the Company as Maritime’s Chief Financial Officer and Corporate Secretary, respectively and for their assistance with the transition to a new management team. I am also pleased to welcome Germaine and Lorna to Maritime and look forward to working with them as we advance the Hammerdown gold project in Newfoundland & Labrador.”

Ms. Coombs also serves as Vice President and Chief Financial Officer of Aurelius Minerals Inc. and previously was the Vice President and Chief Financial Officer for Stonegate Agricom Ltd. from August 2010 until July 2017. Prior to this, she was Corporate Controller for FNX Mining Company Inc. from August 2004 to May 2010. From 1998 to 2004, she held progressively senior accounting roles at the Iron Ore Company of Canada, a Rio Tinto company. Ms. Coombs brings over 20 years of extensive financial and commercial experience predominantly in the mining and resource industry, successfully leading finance teams through different stages of project financing, construction and operations.

Ms. MacGillivray also serves as Corporate Secretary of Aurelius Minerals Inc. and previously was the Vice President, Secretary and General Counsel for Stonegate Agricom Ltd. from August 2008 until July 2017. Prior to that, she was Assistant Secretary of Thompson Creek Metals Company Inc. from May 2007 to May 2011. Previously, she was Corporate Secretary and General Counsel of Glencairn Gold Corporation from November 2003 to January 2008. Ms. MacGillivray has 30 years of in-house legal and corporate secretarial experience for mining companies, including Campbell Resources Inc., Zemex Corporation and Northgate Exploration Limited.

About Maritime Resources Corp.:

Maritime Resources holds a 100% interest in the Green Bay Property, including the former Hammerdown gold mine, located near Springdale, Newfoundland and Labrador, Canada.

Maritime Resources Corp.
Garett Macdonald, President & CEO

For further information, please call:
Garett Macdonald
Telephone: 416 365 5321
info@maritimegold.com

www.maritimeresourcescorp.com

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements
Caution Regarding Forward Looking Statements:
Certain information included in this press release, including information relating to future financial or operating performance and other statements that express the expectations of management or estimates of future performance constitute “forward-looking statements”. Such forward-looking statements include, without limitation, statements regarding copper, gold and silver forecasts, the financial strength of the Company, estimates regarding timing of future development and production and statements concerning possible expansion opportunities for the Company. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief are based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, the price of and anticipated costs of recovery of, copper concentrate, gold and silver, the presence of and continuity of such minerals at modeled grades and values, the capacities of various machinery and equipment, the availability of personnel, machinery and equipment at estimated prices, mineral recovery rates, and others. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to, interpretation and implications of drilling and geophysical results; estimates regarding timing of future capital expenditures and costs towards profitable commercial operations. Other factors that could cause actual results, developments or events to differ materially from those anticipated include, among others, increases/decreases in production; volatility in metals prices and demand; currency fluctuations; cash operating margins; cash operating cost per pound sold; costs per ton of ore; variances in ore grade or recovery rates from those assumed in mining plans; reserves and/or resources; the ability to successfully integrate acquired assets; operational risks inherent in mining or development activities and legislative factors relating to prices, taxes, royalties, land use, title and permits, importing and exporting of minerals and environmental protection. Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and the Company does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise, except as required under applicable security law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/42720

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