Category: Junior Mining

Nevada Copper Provides Update in Pumpkin Hollow Project

Post author By admin
Post date February 13, 2023

Capital Projects Construction Contract Awarded to Dumas Mining

YERINGTON, Nev., Feb. 13, 2023 (GLOBE NEWSWIRE) — Nevada Copper (TSX: NCU) (OTC: NEVDF) (FSE: ZYTA) (“Nevada Copper” or the “Company”) is pleased to provide an update on restart and operational activities for its Pumpkin Hollow underground copper mine (the “Underground Mine”).

Randy Buffington, President & CEO of Nevada Copper, stated, “Our Pumpkin Hollow team is focused on advancing the restart project quickly and safely. We are building on the momentum of the recent achievements by the underground crews as they have progressed through the dike structure and are advancing into the EN Zone in anticipation of the underground development contractor arriving on site and commencing development. The technical and leadership teams are in place and committed to executing this restart plan. We are targeting a mill restart in the third quarter with a quick ramp up to nameplate capacity by the end of 2023.”

Production Restart Highlights

Clear line of site to full-scale production
- Simple and low-risk pathway to full-scale production established, comprising:
  - Phase 1 Q4 2022 to Q1 2023: Finalize dike crossings to access EN Zone initial stoping area (complete), confirm all key technical hires for restart (complete), and award capital projects contract (complete).
  - Phase 2 Q2 2023: Prioritized development of higher-grade EN Zone stope area.
  - Phase 3 Q3 to Q4 2023: Restart of proven mill, with surface and underground ore feed developed and short ramp-up to nameplate capacity.
Phase 1 Restart Milestones Achieved
- Development into the EN Zone has demonstrated that rock quality is consistent with our geotechnical model, which predicted competent ground within the EN Zone, and development is progressing at full round lengths and standard ground support.
- Definition drilling and assaying of all initial EN Zone stopes planned for extraction in 2023 is complete representing approximately 210K tons of stope ore, providing significant visibility on quality and grade of ore feed.
- Contract awarded for completion of capital projects to debottleneck restart of development and underground operations.
- Development mining contract award well progressed.
- All key technical positions in place, with substantially strengthened operational leadership team on-site.
Operations significantly de-risked
- Completion of both critical dike headings, securing the Underground Mine with full access to the primary EN Zone stope area. The third dike crossing is progressing well and, while it is not required to meet 2023 operating objectives, is expected to be completed in the first half of 2023.
- Building planned surface stockpile of approximately 150K tons of run-of-mine ore ahead of mill start-up provides substantial operating buffer for milling operations.
- Debottlenecking capital projects front-ended to provide additional operating flexibility.

Further Details on Production Restart

Underground Development Proceeding as Planned

The Nevada Copper operations team continues to make rapid progress on all underground activities including mine development, hoisting, stope preparation, and underground projects.

The historically reported dike crossings that provide initial stope top and bottom access into the EN Zone were fully established and completed in December 2022, and development is progressing toward stoping areas. Both key development drives that have crossed the dike have encountered ground conditions at or better than expectation, confirming the geotechnical model that predicted higher quality rock. Definition drilling of the initial stopes to feed the restart of milling operations in Q3 2023 have been completed and assayed, and confirm rock quality, grade and geometry represented by the geologic and reserve models.

Underground Development Contractor Update

The Company has completed the bid process for the development mining contractor and is in the final stages of negotiations for a unit rate contract with an internationally recognized major mining services contractor.

Key components of the development contract include:

72,000 feet of lateral capital development over a 24-month contract period;
Delivery of full development stopes by Q3 2023 to provide sufficient faces and stopes to restart and maintain nameplate milling operations (approximately 5,000 tpd); and
Nevada Copper’s operating team will perform all stope mining starting in Q3 2023.

Critical Construction Projects Progressing

The Company awarded Dumas Contracting USA, Inc. (“Dumas”) a $12 million construction contract to complete critical capital projects including the coarse ore bin and installation of an underground jaw crusher, permanent dewatering system, vent shaft stripping and surface fans. Dumas is a leading full-service underground mining contractor providing mine construction, development, production mining, mine services and engineering early-stage projects through well-established operating mines throughout the Americas.

Vent Shaft – Final stripping of the vent shaft commenced in January in preparation for connection of the surface fans, which are expected to be commissioned in early Q2 2023. The stripping is planned to be completed ahead of development contractor mobilization and the vent shaft is expected to provide the necessary ventilation for the life of the mine.

Ore Handling System – The additional ore handling system allows for increased ore throughput rates to the shaft hoisting system, enabling operations to ultimately exceed nameplate production. Engineering for ore handling system has been completed, and all long-lead items are on-site including the jaw crusher. Excavation is underway and planning for the installation of the system has already commenced.

Dewatering System – The pumps for the permanent dewatering system are on site and ready for installation. Once installed, the additional pumps are expected to provide all dewatering requirements for the life of the mine.

Regional Exploration Opportunities

The Company has completed a thorough review of regional mapping for its Pumpkin Hollow land position and several high-quality targets of interest have been identified. Surface sampling results from the Copper Ridge area have indicated the high-grade potential, highlighted by grades including 5.03% and 5.43% copper (see table below for additional assay information) that warrant additional investigation. In 2023, detailed mapping, interpretation of recent geophysical analysis and surface sampling are planned to follow-up on other identified high-potential targets on the Nevada Copper land position. The grades identified are conceptual in nature as there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the delineation of a mineral resource. Grades were determined through third-party labs, as detailed below under “Quality Assurance and Quality Control”.

Table of Assays (samples greater than 1%)
Sample ID	Easting (m)	Northing (m)	Elevation (m)	Cu (%)	Au (ppm)	Ag (ppm)
533857	318720	4316510	1451	2.31	0.036	0.5
533861	318751	4316512	1458	2.36	0.008	<0.2
533862	318766	4316512	1459	1.54	0.130	0.2
1615147	319706	4317023	1443	3.35	0.030	4.8
1615150	319603	4317072	1444	3.65	0.011	0.4
1615178	319087	4316782	1517	2.02	0.119	5.4
1669223	319621	4317082	1442	2.65	0.045	2.7
1669224	319678	4317033	1444	3.10	0.056	4.4
1669225	318483	4316515	1413	1.60	1.430	2.7
1669229	318639	4316481	1437	1.19	0.180	0.8
1669232	318607	4316637	1440	1.03	0.104	1.1
M59971*	319729	4317020	1440	5.03	0.150	10.0
M59982*	318739	4316527	1446	5.43	0.075	16.0
M59984*	318789	4316601	1470	4.10	0.055	8.0
M59994*	318438	4316507	1405	2.87	1.490	6.0

* Historic sample

Board Changes

Ms. Kate Southwell will be stepping down as a member of the Board of Directors effective February 28, 2023 to pursue other career opportunities. Stephen Gill, Chairman of the Board stated, “The Board and management team appreciate Kate’s valuable input during her tenure, particularly with regard to financing and commercial matters and as Chair of the Sustainability Committee and wish her well in her future endeavors”. The Nominating Committee of the Board is in the process of identifying qualified candidates to fill the vacant role at or prior to this year’s annual shareholder meeting.

Qualified Person

The technical information and data in this news release has been reviewed by Steven Newman, Registered Member – SME, Vice President, Technical Services for Nevada Copper, and Greg French, C.P.G., VP Exploration of Nevada Copper, who are non-independent Qualified Persons within the meaning of NI 43-101.

Quality Assurance and Quality Control

The analytical work was performed by American Assay Labs (AAL) located in Sparks, Nevada. AAL is an ISO/IEC 17025 accredited laboratory. The Samples were crushed so that >80% passes 10 mesh, followed by pulverizing to >90% passes 75 < 150 mesh. Prepared samples were run using a three-acid digestion process and conventional ICP-AES analysis. Gold determination was via standard atomic absorption (AA) finish 30-gram fire-assay (FA) analysis. Blank, standard and duplicate samples were routinely inserted and monitored for quality assurance and quality control.

The historic analytical work was performed by Chemex Labs Inc., currently ALS Geochemistry (ALS) located in, Nevada. ALS is an ISO/IEC 17025 accredited laboratory. The samples were crushed so that >80% passes 10 mesh, followed by pulverizing split to < 150 mesh. Prepared samples were run using an acid digestion process and conventional ICP-AES analysis. Gold determination was via standard atomic absorption (AA) finish 30-gram fire-assay (FA) analysis.

Nevada Copper detected no significant QA/QC issues during review of the data and is not aware of any sampling or other factors that could materially affect the accuracy or reliability of the data referred to herein.

About Nevada Copper

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

Randy Buffington
President & CEO

For additional information, please see the Company’s website at www.nevadacopper.com, or contact:

Tracey Thom | Vice President, IR and Community Relations
tthom@nevadacopper.com
+1 775 391 9029

Cautionary Language on Forward Looking Statements
This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, are forward-looking statements. Such forward-looking information and forward-looking statements specifically include, but are not limited to, statements that relate to development and ramp-up plans and activities at the Underground Mine and the timing in respect thereof.

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

Such risks and uncertainties include, without limitation, those relating to: requirements for additional capital and no assurance can be given regarding the availability thereof; the outcome of discussions with vendors; the ability of the Company to complete the ramp-up of the Underground Mine within the expected cost estimates and timeframe; the impact of COVID-19 on the business and operations of the Company; the state of financial markets; history of losses; dilution; adverse events relating to milling operations, construction, development and ramp-up, including the ability of the Company to address underground development and process plant issues; ground conditions; cost overruns relating to development, construction and ramp-up of the Underground Mine; loss of material properties; interest rate increases; global economy; limited history of production; future metals price fluctuations; speculative nature of exploration activities; periodic interruptions to exploration, development and mining activities; environmental hazards and liability; industrial accidents; failure of processing and mining equipment to perform as expected; labour disputes; supply problems; uncertainty of production and cost estimates; the interpretation of drill results and the estimation of mineral resources and reserves; changes in project parameters as plans continue to be refined; possible variations in ore reserves, grade of mineralization or recovery rates from management’s expectations and the difference may be material; legal and regulatory proceedings and community actions; accidents; title matters; regulatory approvals and restrictions; increased costs and physical risks relating to climate change, including extreme weather events, and new or revised regulations relating to climate change; permitting and licensing; dependence on management information systems and cyber security risks; volatility of the market price of the Company’s securities; insurance; competition; hedging activities; currency fluctuations; loss of key employees; other risks of the mining industry as well as those risks discussed in the Company’s Management’s Discussion and Analysis in respect of the year ended December 31, 2021 and the quarter ended September 30, 2022 and in the section entitled “Risk Factors” in the Company’s Annual Information Form dated March 31, 2022. The forward-looking statements and information contained in this news release are based upon assumptions management believes to be reasonable, including, without limitation: no adverse developments in respect of the property or operations at the project; no material changes to applicable laws; the ramp-up of operations at the Underground Mine in accordance with management’s plans and expectations; no worsening of the current COVID-19 related work restrictions; reduced impacts of COVID-19 going forward; the Company will be able to obtain sufficient additional funding to complete the ramp-up, no material adverse change to the price of copper from current levels; and the absence of any other factors that could cause actions, events or results to differ from those anticipated, estimated or intended.

The forward-looking information and statements are stated as of the date hereof. The Company disclaims any intent or obligation to update forward-looking statements or information except as required by law. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking information and statements, there may be other factors that could cause actions, events or results not to be as anticipated, estimated or intended. Specific reference is made to “Risk Factors” in the Company’s Management’s Discussion and Analysis in respect of the year ended December 31, 2021 and the quarter ended September 30, 2022 and “Risk Factors” in the Company’s Annual Information Form dated March 31, 2022, for a discussion of factors that may affect forward-looking statements and information. Should one or more of these risks or uncertainties materialize, should other risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results and events may vary materially from those described in forward-looking statements and information. For more information on the Company and the risks and challenges of its business, investors should review the Company’s filings that are available at www.sedar.com.

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

Tags #InvestingInBatteryMetals, #InvestingInCopper, #JuniorMining, #NCU, #ProvenAndProbable, #RandyBuffington, NevadaCopper, proven and probable

Base Metals Energy Junior Mining Precious Metals

The Key Minerals in an EV Battery

Post author By admin
Post date February 12, 2023

Breaking Down the Key Minerals in an EV Battery

Inside practically every electric vehicle (EV) is a lithium-ion battery that depends on several key minerals that help power it.

Some minerals make up intricate parts within the cell to ensure the flow of electrical current. Others protect it from accidental damage on the outside.

This infographic uses data from the European Federation for Transport and Environment to break down the key minerals in an EV battery. The mineral content is based on the ‘average 2020 battery’, which refers to the weighted average of battery chemistries on the market in 2020.

The Battery Minerals Mix

The cells in the average battery with a 60 kilowatt-hour (kWh) capacity—the same size that’s used in a Chevy Bolt—contained roughly 185 kilograms of minerals. This figure excludes materials in the electrolyte, binder, separator, and battery pack casing.

Mineral	Cell Part	Amount Contained in the Avg. 2020 Battery (kg)	% of Total
Graphite	Anode	52kg	28.1%
Aluminum	Cathode, Casing, Current collectors	35kg	18.9%
Nickel	Cathode	29kg	15.7%
Copper	Current collectors	20kg	10.8%
Steel	Casing	20kg	10.8%
Manganese	Cathode	10kg	5.4%
Cobalt	Cathode	8kg	4.3%
Lithium	Cathode	6kg	3.2%
Iron	Cathode	5kg	2.7%
Total	N/A	185kg	100%

The cathode contains the widest variety of minerals and is arguably the most important and expensive component of the battery. The composition of the cathode is a major determinant in the performance of the battery, with each mineral offering a unique benefit.

For example, NMC batteries, which accounted for 72% of batteries used in EVs in 2020 (excluding China), have a cathode composed of nickel, manganese, and cobalt along with lithium. The higher nickel content in these batteries tends to increase their energy density or the amount of energy stored per unit of volume, increasing the driving range of the EV. Cobalt and manganese often act as stabilizers in NMC batteries, improving their safety.

Altogether, materials in the cathode account for 31.3% of the mineral weight in the average battery produced in 2020. This figure doesn’t include aluminum, which is used in nickel-cobalt-aluminum (NCA) cathode chemistries, but is also used elsewhere in the battery for casing and current collectors.

Meanwhile, graphite has been the go-to material for anodes due to its relatively low cost, abundance, and long cycle life. Since the entire anode is made up of graphite, it’s the single-largest mineral component of the battery. Other materials include steel in the casing that protects the cell from external damage, along with copper, used as the current collector for the anode.

Minerals Bonded by Chemistry

There are several types of lithium-ion batteries with different compositions of cathode minerals. Their names typically allude to their mineral breakdown.

For example:

NMC811 batteries cathode composition:
80% nickel
10% manganese
10% cobalt
NMC523 batteries cathode composition:
50% nickel
20% manganese
30% cobalt

Here’s how the mineral contents differ for various battery chemistries with a 60kWh capacity:

With consumers looking for higher-range EVs that do not need frequent recharging, nickel-rich cathodes have become commonplace. In fact, nickel-based chemistries accounted for 80% of the battery capacity deployed in new plug-in EVs in 2021.

Lithium iron phosphate (LFP) batteries do not use any nickel and typically offer lower energy densities at better value. Unlike nickel-based batteries that use lithium hydroxide compounds in the cathode, LFP batteries use lithium carbonate, which is a cheaper alternative. Tesla recently joined several Chinese automakers in using LFP cathodes for standard-range cars, driving the price of lithium carbonate to record highs.

The EV battery market is still in its early hours, with plenty of growth on the horizon. Battery chemistries are constantly evolving, and as automakers come up with new models with different characteristics, it’ll be interesting to see which new cathodes come around the block.

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BOB MORIARTY – Are You Ready – Debt vs. Resources

Post author By admin
Post date February 12, 2023

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Tags #BobMoriarty, #JuniorMining, #MauriceJackson, #MilesFranklin, #PreciousMetals, #ProvenAndProbable, 321gold, andy schectman, Gold, gold bullion, goldstocks, maurice jackson, platinum, Silver, silverstocks

Junior Mining Lion One Metals Precious Metals

Lion One Receives US$23 Million from 1st Tranche of Nebari Financing Facility and Closes US$2 Million Equity Private Placement

Post author By admin
Post date February 10, 2023

North Vancouver, British Columbia–(Newsfile Corp. – February 10, 2023) – Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (“Lion One” or the “Company“) announces the Company has completed its previously announced debt and equity financing transaction and has received total proceeds of US$25 million from: i) the funding of the US$23 million 1^st tranche (“Tranche 1“) of its previously announced US$37 million financing facility (the “Financing Facility“) provided by Nebari Gold Fund 1, LP, Nebari Natural Resources Credit Fund I, LP and Nebari Natural Resources Credit Fund II, LP (collectively, “Nebari“), and (ii) Nebari’s completion of a US$2 million equity private placement in the Company, for the development of Lion One’s 100% owned Tuvatu Alkaline Gold Project in Fiji (the “Equity Investment“).

In addition to Tranche 1, an additional US$12 million is available under the Financing Facility at Lion One’s option in up to two further tranches which may be drawn on by Lion One within 18 months of the date of the Financing Facility. The Equity Investment involved Nebari’s subscription for 3,125,348 common shares of Lion One (“Common Shares“) priced at CAD$0.86 per Common Share.

In connection with the funding of Tranche 1, 15,333,087 warrants (the “Warrants“) have been issued to Nebari with each Warrant exercisable into one Common Share at a price of CAD$1.49 for a period of 42 months from the date hereof. The Warrants are non-transferable and will be subject to an accelerator provision whereby the Borrower may accelerate the expiry date of up to 25% of the Warrants in the event that the volume weighted average trading price of the Common Shares exceeds 100% over the strike price for a period of twenty consecutive trading days on the TSX-V. Lion One has the option to accelerate the expiry of further 25% portions of the Warrants at four-month intervals, up to a maximum of 75% of the Warrants.

The Common Shares subscribed for pursuant to the Equity Investment and the Warrants will be subject to a hold period expiring May 11, 2023 in accordance with Canadian securities laws and policies of the TSX-V. Neither the Common Shares subscribed for pursuant to the Equity Investment nor the Warrants have been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

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

About Nebari
Nebari is a US-based investment manager specializing in privately offered pooled investment vehicles including Nebari Gold Fund 1, LP, Nebari Natural Resources Credit Fund I, LP and Nebari Natural Resources Credit Fund II, LP which are funding the Financing Facility to Lion One. The Nebari leadership team has deep experience with leading global mining companies and financial institutions and is known for partnering with motivated and capable management teams focused on achieving clear plan targets.

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

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

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

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/154355

Tags #InvestingInBatteryMetals, #InvestingInCopper, #JuniorMining, #LIO, #LionOneMetals, #MauriceJackson, #PreciousMetals, #ProvenAndProbable, #WalterBerukoff, proven and probable, Quinton Hennigh

Base Metals Collective Mining Energy Junior Mining Precious Metals

Ari Sussman from Collective Mining to Present at OTC Markets Group Precious Metals Virtual Investor Conference on February 15th, 2023

Post author By admin
Post date February 9, 2023

TORONTO, Feb. 8, 2023 /CNW/ – Collective Mining Ltd. (TSXV: CNL) (OTCQX: CNLMF) (“Collective” or the “Company”) will be presenting at the OTC Markets Group Precious Metals Virtual Investor Conference on Wednesday, February 15, 2023, at 11:00am ET.

Using the link below, investors can register and listen to the presentation, and take part in a question and answer session at the end. The presentation is expected to last 30 minutes.

DATE: Wednesday, February 15, 2023
TIME: 11:00am ET – 11:30am ET
LINK: https://bit.ly/3JCTs89

Please log in 5-10 minutes early to register. An archived webcast will also be made available after the event.

Ari Sussman, Executive Chairman of Collective Mining will be providing an overview and will discuss the Company’s “Main Breccia” discovery at the Apollo target. The Main Breccia discovery is a high-grade and bulk tonnage, copper-silver-gold porphyry-related breccia system characterized by two main, yet distinct pulses of mineralized fluids flooding the breccia with metals.

The Company’s Guayabales project is located in the mining-friendly department of Caldas, Colombia, in the heart of a long-established mining camp with ten fully permitted and operating mines located within three kilometres of the project. As a result, the Guayabales project is blessed with excellent infrastructure with roads and hydroelectric powerlines traversing the project and an abundant labour force located nearby in the townships of Supia and Marmato.

The phase II drilling program is underway with three rigs currently operating focused on testing near surface mineralization and expanding the dimensions of the Main Breccia system. Assay results are expected in the near term for the final three holes of the 2022 program, including westwards step-out hole APC-28, which cut more than 600 metres of continuous mineralization. Additionally, the first hole of the Phase II program is now complete, and core has been dispatched to the lab for assaying.

About Collective Mining Ltd.

To see our latest corporate presentation and related information, please visit www.collectivemining.com

Founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately $2 billion in enterprise value, Collective Mining is a copper, silver and gold exploration company based in Canada, with projects in Caldas, Colombia. The Company has options to acquire 100% interests in two projects located directly within an established mining camp with ten fully permitted and operating mines.

The Company’s flagship project, Guayabales, is anchored by the Apollo target, which hosts the large-scale, bulk-tonnage and high-grade copper, silver and gold Main Breccia discovery. The Company’s near-term objective is to continue with expansion drilling of the Main Breccia discovery while increasing confidence in the highest-grade portions of the system.

Management, insiders and close family and friends own approximately 52% of the outstanding shares of the Company and as a result, are fully aligned with shareholders. The Company is listed on the TSXV under the trading symbol “CNL” and on the OTCQX under the trading symbol “CNLMF”.

Information Contact:

Follow Executive Chairman Ari Sussman (@Ariski) and Collective Mining (@CollectiveMini1) on Twitter

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including, but not limited to, statements about the drill programs, including timing of results, and Collective’s future and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties, and assumptions. Many factors could cause actual results, performance, or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, Collective cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and Collective assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

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

SOURCE Collective Mining Ltd.

Tags #AriSussman, #Guayabales, #MauriceJackson, #MilesFranklin, #ProvenAndProbable, Apollo Target, Collective Mining, proven and probable

Base Metals Dolly Varden Silver Energy Exclusive Interviews Junior Mining Precious Metals

Dolly Varden – Reports Highest-Grade Silver at 23,997 Grams Per Ton

Post author By admin
Post date February 7, 2023

Dolly Varden Silver Intersects 15.94 meters Averaging 1,499 g/t Silver Including 0.35 meters of 23,997 g/t Silver at the Wolf Deposit.

Dolly Varden Silver Corp: (TSX.V: DV | OTCQX: DOLLF)
Website: https://www.dollyvardensilver.com/
Fact Sheet: https://bit.ly/3RKRTa3
Corporate Presentation: https://bit.ly/3x1BEfq
Email: info@dollyvardensilver.com
Phone: 604-602-1440
Press Release: https://bit.ly/3l8dywx

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Tags #DV, #KitsaultValleyProject, #MauriceJackson, #ProvenAndProbable, Dolly Varden Silver, Shawn Khunkhun, silverstocks

Dolly Varden Silver Energy Junior Mining Precious Metals

Dolly Varden Silver Intersects 15.94 meters Averaging 1,499 g/t Silver Including 0.35 meters of 23,997 g/t Silver at the Wolf Deposit

Post author By admin
Post date February 6, 2023

Vancouver, British Columbia–(Newsfile Corp. – February 6, 2023) – Dolly Varden Silver Corporation (TSXV: DV) (OTCQX: DOLLF) (the “Company” or “Dolly Varden“) is pleased to announce that final results from drilling during the 2022 season on the Dolly Varden area of the Kitsault Valley Project have been received, including significant results from both the southern and northern limits at the Wolf Deposit: the southwest Wolf Vein Extension as well as the East Wolf Vein offset. Results include the highest grade silver assay yet received from the Dolly Varden Property. Mineralization remains open for expansion at the deposit.

Highlights from the Wolf Vein include:

Wolf Vein Northeast: DV22-329: 1,499 g/t Ag, 1.89% Pb, 0.46% Zn over 15.94 meters (8.77 meters estimated true width), including the highest grade silver assay reported from the project to-date with coarse, native silver mineralization that returned 23,997 g/t Ag, 1.24% Pb, 0.34% Zn over 0.35 meters (0.19m estimated true width).

Wolf Vein Southwest: DV22-320: 321 g/t Ag, 0.84% Pb, 0.84% Zn over 12.85 meters (6.81 meters estimated true width) including 664 g/t Ag, 1.24% Pb, 3.54% Zn over 1.63 meters (0.86 meters estimated true width).

Highlights from exploration drilling at Kitsol Vein and a new discovery at the Red Point target include:

Kitsol Vein: DV22-323: 301 g/t Ag, 0.23 %Pb, 0.56% Zn over 15.00 meters (9.60 meters estimated true width) including 434 g/t Ag, 0.41% Pb, 0.69% Zn over 5.90 meters (3.78 meters estimated true width).
Red Point: DV22-321: 8.10 g/t Au, 244 g/t Ag and 5.16% Cu over 1.00 meter*.
Red Point: DV22-322: 17.20 g/t Au and 1.65% Cu over 1.15 meters*.

*(intervals stated in core length unless otherwise indicated)

“Results from the Wolf Vein continue to exceed expectations, returning the highest-grade silver assay yet received, more than doubling the strike length of the deposit through step outs to the north and south as well as returning wide, robust silver and base metal grades at depth. Our priority during the 2023 will be to connect the Wolf Deposit with the Kitsol Deposit, located 1,400 meters to the south. Additionally, encouraging gold, silver and copper mineralization at the new Red Point discovery is encouraging,” said Shawn Khunkhun, President and CEO of Dolly Varden Silver.

On the East Wolf offset, the 50m step out drill hole DV22-329 cut an interval of multi-phase veins and breccia, demonstrating the robust Wolf Vein system remains open along strike to the east and northeast.

Testing the southwestern known limits of the Wolf Vein, drill hole DV22-320 is the southernmost hole completed to-date and the vein intercept in that hole is over 825 meters distance down plunge on the system from the reported intercept in drill hole DV22-329. Drill hole DV22-320 is a 63m step-out down plunge from previously reported DV22-316, which intersected 550 g/t Ag over 9.80m (see news release dated November 21, 2022). DV22-320 is located over 350m to the southwest from the 2021 discovery drill hole DV21-273, demonstrating that silver-rich mineralization hosted by the Wolf vein continues to depth and remains open for expansion to the southwest under the sedimentary cover rocks (Figure 2).

At the Kitsol Vein, step-out hole DV22-323 expanded high grade silver mineralization an additional 85 meters down-plunge from previously released results (Figure 6).

At the Red Point exploration target, high-grade gold and silver mineralization was discovered, with significant copper in strong pyrite-chalcopyrite mineralization in a new area (Figure 7). Mineralization is wide open for expansion.

Figure 1. Kitsault Valley trend and mineral deposits.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1728/153738_ecac04afb4e19912_002full.jpg

Drilling objectives during 2022 at the Dolly Varden Property was to expand the wide high grade silver mineralization at on the Wolf Vein, step out and infill at Torbrit and Kitsol as well as test several other nearby exploration targets. A total of 52 holes for 18,614 meters were completed at the Dolly Varden Project during 2022; 20 holes for 9,994 meters were completed at the Wolf Vein, 18 holes for 3,524 meters at the Torbrit Deposit, 8 holes for 2,900 meters of infill and step out drilling at Kitsol Vein and 6 holes for 2,196 meters in additional exploration. This is in addition to 18,448m in 56 holes at the Homestake Ridge Property for a total of 37,062m in 108 holes on the Kitsaut Valley project in 2022.

Wolf Vein

Mineralization at the Wolf Vein consists of multiple epithermal silica vein and brecciation events along a northeast trending, steeply northwest dipping zone (Figures 2 and 3). Silver-bearing minerals include: native silver, silver sulphosalts, tennantite, argentite and argentiferous galena (Figures 4 and 5).

The mineralized interval in DV22-320 suggests an open-ended 350m long mineralized shoot to the southwest of discovery hole DV21-273, which returned 17.50m averaging 214 g/t Ag and 0.47% Pb including 1.22m averaging 1,532 g/t Ag, 0.44 g/t Au, 2.11% Pb and 1.07% Zn (see Dolly Varden news release, December 20, 2021). Drilling to the southwest tested mineralization within volcanic rocks, below the Upper Hazelton sediment cap and are associated with strong potassic alteration. This trend continues south for 1,400 m to the Kitsol Vein (Figure 7).

Drill holes DV22-315 and 317 are on section with DV22-316 (Figure 2) but intersected the Wolf structure approximately 100 meters above and 75 meters below, respectively, the projection of the higher grade silver zone intersected in DV22-316.

High-grade silver in drill hole DV22-329 occurs within a very strong, multiphase vein and breccia vein that is offset to the main Wolf Vein by a post-mineral fault. The dip of the offset limb is approximately 55 degrees to the northwest, is open to the east and northeast, projecting just below the slope surface (Figures 2 and 3). Two other step outs from the same pad include DV22-325 and 327. Drill hole DV22-327 is approximately a 25 meter step-out returning 1,457 g/t Ag over 3.06 m (1.68m estimated true thickness). Drill hole DV22-325 intersected a post-mineral mafic dyke at the projected depth of vein mineralization (Table 1).

Figure 2. Longitudinal Section, open down plunge from DV22-320 on main Wolf Vein and open to the East from DV22-329 drilled on Wolf East offset vein.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1728/153738_ecac04afb4e19912_003full.jpg

Figure 3. Plan of the Wolf Vein mineralization envelopes and 2022 drilling with lithology (this release have hole ID).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1728/153738_ecac04afb4e19912_004full.jpg

Figure 4. DV22-320 Broad intervals of mineralized vein and vein breccias of the Wolf Vein extension.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1728/153738_ecac04afb4e19912_005full.jpg

Figure 5. DV22-329 at 32.50m, Native Silver stringer with Pyrite, argentite in breccia quartz vein

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1728/153738_ecac04afb4e19912_006full.jpg

Table 1. Complete Wolf Area drill hole assays.

Area	Hole ID	From (m)	To (m)	Length (m)	Est.True Width (m)	Ag (g/t)	Pb (%)	Zn (%)
Wolf West	DV22-315	125.50	126.00	0.50	0.27	5	0.10	1.18
Wolf West	DV22-317	533.75	534.26	0.51	0.13	377	1.91	0.41
	And	551.00	552.00	1.00	0.26	NSV	0.28	1.14
	And	598.80	601.00	2.20	0.57	NSV	0.08	1.33
	And	635.72	636.24	0.52	0.14	NSV	0.10	1.62
	And	665.75	666.25	0.50	0.13	NSV	0.02	2.12
	And	682.72	683.22	0.50	0.13	NSV	0.09	1.76
Wolf HW	DV22-318	584.00	585.00	1.00	NSV	0.18	0.12
Wolf West	DV22-320	182.00	183.00	1.00	0.53	2	0.01	1.07
	And	586.00	587.00	1.00	0.53	5	0.36	1.18
	And	592.00	593.00	1.00	0.53	8	0.33	1.15
	And	623.65	625.00	1.35	0.72	158	0.40	0.14
	And	648.40	661.25	12.85	6.81	321	0.84	0.84
	including	649.47	651.10	1.63	0.86	664	1.24	3.54
Wolf East	DV22-325	post	mineral	dyke
Wolf East	DV22-327	32.00	35.06	3.06	1.68	1,457	0.77	0.52
	including	33.00	33.50	0.50	0.28	4,880	1.14	0.58
Wolf East	DV22-329	30.00	45.94	15.94	8.77	1,499	1.89	0.46
	including	30.00	33.50	3.50	1.93	4,563	0.66	0.11
	including	32.33	32.68	0.35	0.19	23,997	1.24	0.34
Wolf NE	DV22-330	12.25	12.75	0.50	0.35	95	0.51	0.09
	And	38.00	45.75	7.75	5.43	163	0.45	0.08
	including	40.75	41.31	0.56	0.39	487	1.48	0.25
	And	90.00	91.75	1.75	1.23	129	3.09	1.41

Kitsol Vein

Mineralization in drill hole DV22-323 at the Kitsol Vein demonstrates the continuity of steeply plunging, high-grade silver mineralization within the Kitsol structure. Mineralization was encountered 85 meters down-plunge from previously reported drill hole DV22-283 with 414 g/t Ag over 50.00m (see news release dated August 10, 2022). A further step out drill hole DV22-326 crossed the northwest striking Moose Lamb Fault into the hanging wall rock and did not encounter the Kistsol Vein (see Figure 6).

Figure 6. Kitsol Longitudinal Section A-B with DV22-323: an 85 meter step-out down-plunge.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1728/153738_ecac04afb4e19912_007full.jpg

Dolly Varden Exploration Targets

Three exploration drill holes from one drill pad tested an Induced Polarity chargeability anomaly and the depth extent of gold bearing veins from the Red Point Area. The target is located approximately 500m west of the Kitsol Vein. All holes intersected strong QSP (quartz-pyrite -sericite) alteration with stockwork veining that returned anomalous gold over broad intervals (Table 2). In areas where the quartz veining intensified and brecciation occurred, gold and copper grades increased.

Highlights from the two drill holes oriented to the southwest that tested below the surface veining at the Red Point Prospect include:

DV22-321: 0.59 g/t Au over 49.00 m
DV22-321: 2.94 g/t Au and 1.65% Cu over 5.00 m
DV22-321: 8.10 g/t Au, 244 g/t Ag and 5.16% Cu over 1.00 m
DV22-322: 17.20 g/t Au and 1.93% Cu over 1.15 m

Figure 7. Plan view location of Kitsol, Red Point and North Star Connection drill holes

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1728/153738_ecac04afb4e19912_008full.jpg

The North Star Connection target, located to the west of Torbrit in the centre of the Kitsault River valley was tested with drill holes DV22-328 and 331. Vein- style mineralization was intersected along the projected trace of the North Star structure and appears to be continuous with the Torbrit deposit. No significant silver mineralization was encountered however anomalous gold values within the vein were received.

Exploration drill hole DV22-324 was drilled approximately 1,200 meters northwest of the Wolf Deposit, testing underneath the sediment cap (Figure 1). The drill pad was located in the centre of the valley, west of the Silver Horde alteration zone. Minor veining and moderate alteration was encountered with no significant assay results (see Table 2). Further targeting work is ongoing in this area.

Table 2. Kitsol and Exploration drill hole assays

Area	Hole ID	From (m)	To (m)	Length (m)	Est.True Width* (m)	Ag (g/t)	Pb (%)	Zn (%)	Au (g/t)
Kitsol	DV22-323	325.30	340.30	15.00	9.6	301	0.23	0.56
	including	332.40	338.30	5.90	3.78	434	0.41	0.69
Kitsol	DV22-326	Moose	Lamb	Fault
North Star	DV22-328	266.56	273.00	6.44	5.99	4	0.02	0.04	0.22
North Star	DV22-331	267.00	270.40	3.40	2.96	4	0.05	0.20	0.17
Red Point	DV22-319	4.20	11.00	6.80	75% to 90% of length				0.20
	and	18.00	22.00	4.00					0.33
	and	39.00	55.50	16.50					0.17
	and	124.00	142.70	18.70					0.14
	and	158.00	165.00	7.00					0.19
	and	175.00	184.00	9.00					0.22
Red Point	DV22-321	6.19	12.00	5.81	75% to 90% of length				0.22
	and	23.00	29.00	6.00					0.44
	and	103.00	105.00	2.00					3.01
	and	113.00	162.00	49.00		13			0.59
	including	138.00	143.00	5.00		83			2.94
	including	139.00	140.00	1.00		244			8.10
	and	248.00	261.00	13.00					0.73
Red Point	DV22-322	2.88	11.00	8.12	75% to 90% of length				0.18
	and	45.00	76.00	31.00					0.19
	and	106.60	107.75	1.15		23	0.07	0.13	17.20
Silver Horde	DV22-324	243.00	244.00	1.00	85% to 90% of length	125	0.99	0.04
	and	419.50	420.00	0.50		12	1.82	0.54

Table 3. Drill hole collar locations and orientations

Zone	Hole ID	Easting UTM83 (m)	Northing UTM83 (m)	Elev. (masl)	Azimuth	Dip	Length (m)
Wolf West	DV22315	467003	6173509	390	125	-62	424.00
Wolf West	DV22317	467003	6173509	390	125	-80	684.00
Wolf HW	DV22318	466902	6173602	415	80	-65	696.00
Wolf West	DV22320	466902	6173602	415	137	-63	699.00
Wolf East	DV22325	467465	6173669	520	355	-68	141.00
Wolf East	DV22327	467465	6173669	520	355	-85	102.00
Wolf East	DV22329	467465	6173669	520	40	-50	120.00
Wolf NE	DV22330	467315	6173933	485	110	-45	231.00
Red Point	DV22319	467047	6171996	620	40	-74	357.00
Red Point	DV22321	467047	6171996	620	200	-50	342.00
Red Point	DV22322	467047	6171996	620	200	-75	339.00
Kitsol	DV22323	467482	6172114	411	106	-58	468.00
Kitsol	DV22326	467482	6172114	411	111	-64	564.00
North Star	DV22328	467713	6171589	394	125	-55	354.00
North Star	DV22331	467713	6171589	394	125	-55	351.00
Silver Horde	DV22324	466644	6174379	392	60	-50	453.00

Quality Assurance and Quality Control

The Company adheres to CIM Best Practices Guidelines for exploration related activities conducted on its property. Quality Assurance and Quality Control (QA/QC) procedures are overseen by the Qualified Person.

Dolly Varden QA/QC protocols are maintained through the insertion of certified reference material (standards), blanks and field duplicates within the sample stream. Drill core is cut in-half with a diamond saw, with one-half placed in sealed bags and shipped to the laboratory and the other half retained on site. Third party laboratory checks on 5% of the samples are carried out as well. Chain of custody is maintained from the drill to the submittal into the laboratory preparation facility.

Analytical testing was performed by ALS Canada Ltd. in North Vancouver, British Columbia. The entire sample is crushed and a 500 gram split is pulverized to minus 200mesh. Multi-element analyses were determined by Inductively-Coupled Plasma Mass Spectrometry (ICP-MS) for 48 elements following a 4-acid digestion process. High grade silver testing was determined by Fire Assay with either an atomic absorption, or a gravimetric finish, depending on grade range. Au is determined by Fire Assay on a 30g split.

Qualified Person

Rob van Egmond, P.Geo. Vice-President Exploration for Dolly Varden Silver, the “Qualified Person” as defined by NI 43-101 has reviewed, validated and approved the scientific and technical information contained in this news release and supervises the ongoing exploration program at the Dolly Varden Project.

About Dolly Varden Silver Corporation

Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its 100% held Kitsault Valley Project (which combines the Dolly Varden Project and the Homestake Ridge Project) located in the Golden Triangle of British Columbia, Canada, 25kms by road to tide water. The 163 sq. km. project hosts the high-grade silver and gold resources of Dolly Varden and Homestake Ridge along with the past producing Dolly Varden and Torbrit silver mines. It is considered to be prospective for hosting further precious metal deposits, being on the same structural and stratigraphic belts that host numerous other, on-trend, high-grade deposits, such as Eskay Creek and Brucejack. The Kitsault Valley Project also contains the Big Bulk property which is prospective for porphyry and skarn style copper and gold mineralization, similar to other such deposits in the region (Red Mountain, KSM, Red Chris).

Forward Looking Statements

This release may contain forward-looking statements or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including, without limitation, statements containing the words “believe”, “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “potential”, and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Dolly Varden to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward looking statements or information in this release relates to, among other things, the results of previous field work and programs and the continued operations of the current exploration program, interpretation of the nature of the mineralization at the project and that that the mineralization on the project is similar to Eskay and Brucejack, results of the mineral resource estimate on the project, the potential to grow the project, the potential to expand the mineralization and our beliefs about the unexplored portion of the property.

These forward-looking statements are based on management’s current expectations and beliefs and assume, among other things, the ability of the Company to successfully pursue its current development plans, that future sources of funding will be available to the company, that relevant commodity prices will remain at levels that are economically viable for the Company and that the Company will receive relevant permits in a timely manner in order to enable its operations, but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.

For additional information on risks and uncertainties, see the Company’s most recently filed annual management discussion & analysis (“MD&A“) and management information circular dated January 21, 2022 (the “Circular“), both of which are available on SEDAR at www.sedar.com. The risk factors identified in the MD&A and the Circular are not intended to represent a complete list of factors that could affect the Company.

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

For further information: Shawn Khunkhun, CEO & Director, 1-604-609-5137, www.dollyvardensilver.com.

To view the source version of this press release, please visit

Base Metals Collective Mining Junior Mining Precious Metals

Collective Mining Hosts the Vice Minister of Mines of Colombia to its Project Facilities in Supia, Colombia

Post author By admin
Post date February 6, 2023

TORONTO, Feb. 6, 2023 /CNW/ – Collective Mining Ltd. (TSXV: CNL) (OTCQX: CNLMF) (“Collective” or the “Company”) is pleased to announce the Company had a recent opportunity to host the new Vice Minister of Mines of Colombia, Giovanni Franco, at its operation facilities in Supia, Colombia. The Vice Minister was visiting the region as part of the Ministry of Mines and Energy’s Social Mining Forum, which is a communication-based platform to discuss mining between the Ministry and municipalities.

During the visit, the Company had the opportunity to present its “Collective” model to mining, which is based on honesty, transparency, education and open dialogue with its stakeholders. The Company reviewed in detail its business and social approach within the area of influence of the Guayabales and San Antonio projects as it relates to various sustainability initiatives and exploration methodologies.

Upon completion of the visit, the Vice Minister of Mines recorded a short video summarizing his thoughts, which includes the following statement:

“What we see in the advances made by Collective Mining over the past three years is what we would like to have in Colombia. We wish to have 10, 50, 100 companies like Collective Mining all around Colombia to improve the geoscientific knowledge of the country, to improve the understanding of the subsoil resources that we have in Colombia to define public policies to improve the extraction of our subsoil resources.”

Please click on the link below to watch the full two-minute video testimony of the Vice Minister of Mines: https://youtu.be/-Ak3a_HJiPE

Figure 1 - Vice Minister of Mines Engaging with the Collective Mining Team in our Core Shack in Supía, Colombia (CNW Group/Collective Mining Ltd.) — Figure 1 – Vice Minister of Mines Engaging with the Collective Mining Team in our Core Shack in Supía, Colombia (CNW Group/Collective Mining Ltd.)

About Collective Mining Ltd.
To see our latest corporate presentation and related information, please visit www.collectivemining.com.

Management, insiders and close family and friends own nearly 35% of the outstanding shares of the Company and as a result, are fully aligned with shareholders. The Company is listed on the TSXV under the trading symbol “CNL” and on the OTCQX under the trading symbol “CNLMF”.

Information Contact:

Follow Executive Chairman Ari Sussman (@Ariski) and Collective Mining (@CollectiveMini1) on Twitter

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including, but not limited to Collective’s future and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

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

SOURCE Collective Mining Ltd.

Tags #InvestingInBatteryMetals, #ProvenAndProbable, Canadian Mining Stocks

Base Metals Energy Gold Shore Resources Junior Mining Precious Metals

Goldshore Intersects 9.46 g/t Au over 7.45m in the Southwest Zone

Post author By admin
Post date February 2, 2023

Widths of Mineralized System Expanded Significantly

Vancouver, British Columbia–(Newsfile Corp. – February 2, 2023) – Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) (“Goldshore” or the “Company“), is pleased to announce assay results from its ongoing 100,000-meter drill program at the Moss Lake Project in Northwest Ontario, Canada (the “Moss Lake Gold Project“).

Highlights:

Hole MMD-22-063 has confirmed the presence of high-grade mineralization within the previously perceived low grade and low tonnage Southwest Zone and shown the zone to be almost 300 meters wide. Best intercepts include:
- 1.60 g/t Au over 57.5m from 230.5m depth in MMD-22-063 including:
  - 9.46 g/t Au over 7.45m from 234.0m
- 1.18 g/t Au over 18.25m from 387.75m
Results for thirteen holes drilled to explore the northern and southern flanks of the mineralized shear zone system in the Main Zone have expanded the cumulative width of multiple, close-spaced, high-grade gold shears by 150-200 meters to over 550 meters at the Main Zone with best intercepts of:
- 0.93 g/t Au over 126.0m from 467.0m depth in MMD-22-059 including:
  - 1.64 g/t over 48.0m from 513.0m
- 3.67 g/t Au over 13.65m from 612.35m
- 1.05 g/t Au over 34.0m from 257.0m depth in MMD-22-088 including:
  - 1.51 g/t Au over 15.0m from 276.0m
- 1.84 g/t Au over 14.95m from 483.05m

President and CEO, Brett Richards, stated: “These results once again support our thesis that the size and scale of the Moss Lake Gold Project will be large enough to support a material and meaningful update to the mineral resource estimate (“MRE”) in April 2023, followed by a preliminary economic assessment (“PEA”) on the updated resource. We continue to find additions to the resource on step out holes laterally and along strike from the historic resource profile, and we look to continue to explore the impact of these additions to the resource model, as well as guiding us in future drill targets.”

Technical Overview

Figure 1 shows the better intercepts in plain view and Figure 2 is a typical section through hole MMD-22-063. Table 1 shows the significant intercepts. Table 2 shows the drill hole locations.

Figure 1: Drill plan showing best of several +1 g/t Au intercepts relative to the current Mineral Resource and highlighting the additional shears.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8051/153300_2909b97504e5db83_002full.jpg

Figure 2: Drill section through MMD-22-063 relative to the current Mineral Resource and highlighting the additional shears and potential to significantly deepen the open pit shell.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8051/153300_2909b97504e5db83_003full.jpg

Results have been received for MMD-22-063, which was the final hole from the first pass drill pattern at the Southwest Zone. The hole infills two previous holes and has shown that there is continuity to the high-grade core of the zone. In addition to the high-grade lenses highlighted above, the hole also intersected multiple lenses of lower grade mineralization throughout the hole including 0.58 g/t Au over 23.2m from 27.9m, 0.81 g/t Au over 20.6m from 355m, and 0.55 g/t Au over 7.95m from 417.05m. These confirm the increased tonnage potential in the Southwest Zone with mineralization above the low-grade cutoff of 0.40 g/t Au used for the current mineral resource estimate over a zone that is almost 300 meters wide.

A second pass drill pattern over the Southwest zone was completed in January, infilling the newly discovered high-grade shears and exploring for additional shears.

Results have also been received for thirteen holes that have explored the edges of the Main Zone on its northern and southern flanks. Six holes targeted the northern side of the shear system, and seven holes targeted the southern side. These holes intersected high-grade shears over a zone that is 200 meters wider than previously understood, making the main zone over 550 meters wide at its widest point.

As with the center of the Main Zone, these shears lie within broad zones of low-grade mineralization within the altered diorite intrusion host. Examples include 0.84 g/t Au over 37m from 608m in MQD-22-058; 0.33 g/t Au over 35.65m from 231.35m, 0.42 g/t Au over 34m from 273m and 0.86 g/t Au over 126m from 467m in MMD-22-059; 0.58 g/t Au over 75m from 543.5m in MMD-22-060; 0.91 g/t Au over 33m from 257m in MMD-22-088; 0.58 g/t Au over 75m from 422m in MMD-22-089; 0.39 g/t Au over 40.5m from 453.8m in MQD-22-091; and 0.72 g/t Au over 15m from 207 in MMD-22-095.

The shears in the north and south were sparsely drilled by historical drill holes and represent opportunity to potentially expand the mineral resource and to properly understand the mineralizing system.

A detailed review of current and previous high-grade intercepts has identified various gold, silver, and bismuth bearing tellurides across all three zones of the Moss Lake Gold Project deposit. The tellurides have been located within pyrite±-chalcopyrite bearing quartz-chlorite-carbonate veins and sulphide-rich hydrothermal breccias previously identified in the vein paragenesis to be emplaced near the end of deformational history. Identifying and outlining the late structural events will allow for enhanced targeting of the high-grade portions of Moss Lake Gold Project and will assist in refining generative targets by focusing on preferred horizons for these structures to occur.

Figure 3: Tellurides identified at 234.1m of MQD-21-009 within a py+cpy bearing undulating qt+ch±cb shear vein. The sample yielded 39.7g/t Au, 73.7g/t Ag, 63.5g/t Te over 0.9m.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8051/153300_2909b97504e5db83_004full.jpg

Pete Flindell, VP Exploration for Goldshore, said, “The high-grade drill results in the Southwest Zone provide confidence that this area has significant resource potential. The results along the northern and southern flanks of the Main Zone also represent a significant expansion to the width of the mineralized zone, which should assist our goal of potentially expanding the mineral resource and improving its quality in early Q2.”

Table 1: Significant downhole gold intercepts

HOLE ID	FROM	TO	LENGTH (m)	TRUE WIDTH (m)	CUT GRADE (g/t Au)	UNCUT GRADE (g/t Au)
MMD-22-058	314.00	321.00	7.00	4.1	0.41	0.41
	374.90	392.30	17.40	10.3	0.36	0.36
	466.00	468.30	2.30	1.4	0.38	0.38
	491.70	505.00	13.30	8.1	0.39	0.39
	517.00	519.00	2.00	1.2	0.35	0.35
	553.45	574.45	21.00	13.3	0.37	0.37
	593.00	595.00	2.00	1.3	0.37	0.37
	608.00	645.00	37.00	23.9	0.87	0.87
including	614.00	621.00	7.00	4.5	1.40	1.40
and	628.00	636.00	8.00	5.2	1.04	1.04
and	641.00	645.00	4.00	2.6	1.54	1.54

MMD-22-059	231.35	307.00	75.65	51.8	0.36	0.36
including	236.00	239.20	3.20	2.2	1.01	1.01
and	280.00	284.00	4.00	2.7	1.45	1.45
	342.00	348.00	6.00	4.2	0.36	0.36
	361.00	392.00	31.00	22.0	0.36	0.36
	467.00	593.00	126.00	92.3	0.93	0.93
including	475.60	484.70	9.10	6.6	1.50	1.50
and	504.65	509.30	4.65	3.4	1.08	1.08
and	513.00	561.00	48.00	35.3	1.64	1.64
	612.35	626.00	13.65	10.2	2.56	3.67

MMD-22-060	95.20	102.00	6.80	3.5	0.40	0.40
	336.95	346.00	9.05	5.1	0.31	0.31
	361.10	379.00	17.90	10.2	0.70	0.70
including	364.00	368.10	4.10	2.3	2.14	2.14
	475.80	481.10	5.30	3.1	0.39	0.39
	543.50	569.00	25.50	16.1	0.79	0.79
	584.00	592.15	8.15	5.2	0.46	0.46

MMD-22-061	113.55	121.00	7.45	3.9	0.30	0.30
	125.25	130.00	4.75	2.5	0.31	0.31
	213.00	216.40	3.40	1.9	0.38	0.38
	234.95	237.00	2.05	1.1	0.46	0.46
	331.65	343.30	11.65	6.7	0.58	0.58
	449.00	455.10	6.10	3.6	0.39	0.39
	460.00	462.00	2.00	1.2	0.64	0.64
	570.00	593.00	23.00	14.5	0.31	0.31

MMD-22-063	27.90	51.10	23.20	15.0	0.58	0.58
including	39.00	41.95	2.95	1.9	1.45	1.45
	165.00	169.00	4.00	2.7	0.53	0.53
	230.50	288.00	57.50	42.0	1.60	1.60
including	234.00	241.45	7.45	5.4	9.46	9.46
	328.00	330.00	2.00	1.5	0.89	0.89
	355.00	375.60	20.60	15.5	0.81	0.81
including	357.00	360.00	3.00	2.2	3.57	3.57
and	373.00	375.60	2.60	2.0	1.28	1.28
	387.75	406.00	18.25	13.8	1.18	1.18
	417.05	425.00	7.95	6.0	0.55	0.55
	544.00	546.00	2.00	1.6	0.31	0.31

MMD-22-068	17.15	23.00	5.85	2.9	0.34	0.34
	307.00	327.00	20.00	11.8	0.42	0.42
	337.10	341.40	4.30	2.5	0.45	0.45
	347.95	350.55	2.60	1.5	0.44	0.44
	361.00	376.00	15.00	9.0	0.61	0.61
including	370.00	373.00	3.00	1.8	1.78	1.78
	570.40	581.30	10.90	7.1	0.32	0.32
	625.55	672.00	46.45	31.3	0.35	0.35

MMD-22-069	57.00	63.00	6.00	3.3	0.77	0.77
	266.50	276.00	9.50	6.5	0.52	0.52
	525.00	530.00	5.00	3.5	0.35	0.35
	540.15	545.00	4.85	3.4	0.45	0.45
	567.00	569.95	2.95	2.1	0.61	0.61
	581.90	588.20	6.30	4.5	0.32	0.32

MMD-22-071	629.85	633.80	3.95	3.0	0.45	0.45

MMD-22-084	194.00	213.15	19.15	14.9	0.53	0.53
including	198.00	203.00	5.00	3.9	1.32	1.32
	229.00	231.00	2.00	1.6	0.47	0.47
	255.00	258.50	3.50	2.8	1.74	1.74
	292.55	294.55	2.00	1.6	0.43	0.43
	399.00	403.65	4.65	3.8	0.96	0.96

MMD-22-088	55.25	58.05	2.80	2.0	0.31	0.31
	111.00	115.55	4.55	3.3	0.31	0.31
	149.00	166.00	17.00	12.8	0.45	0.45
	179.00	186.00	7.00	5.3	0.41	0.41
	209.70	222.00	12.30	9.4	0.46	0.46
	257.00	291.00	34.00	26.3	1.05	1.05
including	276.00	291.00	15.00	11.6	1.51	1.51
	432.00	434.00	2.00	1.6	0.46	0.46
	444.95	468.10	23.15	18.5	0.32	0.32
	483.05	498.00	14.95	12.0	1.84	1.84
including	483.05	496.00	12.95	10.4	2.04	2.04

MMD-22-089	302.10	309.00	6.90	5.1	0.63	0.63
including	307.00	309.00	2.00	1.5	1.30	1.30
	321.00	334.80	13.80	10.3	0.34	0.34
	390.00	392.00	2.00	1.5	0.41	0.41
	422.00	497.00	75.00	58.4	0.59	0.59
including	431.00	433.00	2.00	1.5	3.66	3.66
and	444.00	456.00	12.00	9.3	1.05	1.05
and	478.00	488.00	10.00	7.8	1.19	1.19

MMD-22-091	153.70	162.55	8.85	6.1	0.53	0.53
	201.00	206.95	5.95	4.2	0.42	0.42
	363.55	378.00	14.45	10.7	0.32	0.32
	397.00	401.55	4.55	3.4	0.45	0.45
	453.80	494.30	40.50	30.8	0.41	0.41

MMD-22-093	473.25	481.00	7.75	6.0	0.61	0.61
	496.00	512.80	16.80	13.2	0.44	0.44
including	509.25	512.80	3.55	2.8	1.05	1.05
	523.00	525.25	2.25	1.8	3.04	3.04
	551.00	555.20	4.20	3.3	0.32	0.32
	587.20	606.20	19.00	15.1	0.33	0.33
	617.40	620.55	3.15	2.5	0.33	0.33
	628.00	630.80	2.80	2.2	0.56	0.56

MMD-22-095	161.20	167.45	6.25	4.4	1.10	1.10
including	163.00	165.00	2.00	1.4	2.41	2.41
	186.30	190.00	3.70	2.6	0.33	0.33
	207.00	222.00	15.00	10.7	0.72	0.72
including	211.65	215.05	3.40	2.4	1.56	1.56
	267.00	276.00	9.00	6.5	0.46	0.46
including	274.00	276.00	2.00	1.4	1.61	1.61
	373.60	376.15	2.55	1.9	0.44	0.44
	412.50	418.00	5.50	4.1	0.71	0.71
Intersections calculated above at 0.3 g/t Au cut off with a top cut of 30 g/t Au and a maximum internal waste interval of 10 metres. Bordered intervals are intersections calculated above a 1.0 g/t Au cut off. Intervals in bold are those with a grade thickness factor exceeding 20 gram x metres / tonne gold. True widths are approximate and assume a subvertical body.

Table 2: Location of drill holes in this press release

HOLE	EAST	NORTH	RL	AZIMUTH	DIP	EOH
MMD-22-058	668,743	5,379,407	454	153°	-60°	645.00
MMD-22-059	668,819	5,379,436	439	154°	-50°	648.00
MMD-22-060	668,909	5,379,474	436	155°	-60°	600.05
MMD-22-061	669,091	5,379,558	448	155°	-60°	600.00
MMD-22-063	668,481	5,378,460	439	148°	-50°	563.00
MMD-22-068	669,177	5,379,614	455	154°	-60°	699.10
MMD-22-069	669,254	5,379,629	445	151°	-59°	600.00
MMD-22-071	669,077	5,378,242	432	335°	-51°	648.00
MMD-22-084	668,973	5,378,574	428	337°	-45°	414.15
MMD-22-088	669,031	5,378,642	431	336°	45°	498.00
MMD-22-089	668,972	5,378,560	428	314°	-51°	497.90
MMD-22-091	669,172	5,378,762	431	332°	-49°	494.30
MMD-22-093	669,018	5,378,463	430	289°	-50°	651.00
MMD-22-095	669,090	5,378,690	428	345°	-45°	420.00
Approximate collar coordinates in NAD 83, Zone 15N

Analytical and QA/QC Procedures

All samples were sent to ALS Geochemistry in Thunder Bay for preparation and analysis was performed in the ALS Vancouver analytical facility. ALS is accredited by the Standards Council of Canada (SCC) for the Accreditation of Mineral Analysis Testing Laboratories and CAN-P-4E ISO/IEC 17025. Samples were analyzed for gold via fire assay with an AA finish (“Au-AA23”) and 48 pathfinder elements via ICP-MS after four-acid digestion (“ME-MS61”). Samples that assayed over 10 ppm Au were re-run via fire assay with a gravimetric finish (“Au-GRA21”).

In addition to ALS quality assurance / quality control (“QA/QC”) protocols, Goldshore has implemented a quality control program for all samples collected through the drilling program. The quality control program was designed by a qualified and independent third party, with a focus on the quality of analytical results for gold. Analytical results are received, imported to our secure on-line database and evaluated to meet our established guidelines to ensure that all sample batches pass industry best practice for analytical quality control. Certified reference materials are considered acceptable if values returned are within three standard deviations of the certified value reported by the manufacture of the material. In addition to the certified reference material, certified blank material is included in the sample stream to monitor contamination during sample preparation. Blank material results are assessed based on the returned gold result being less than ten times the quoted lower detection limit of the analytical method. The results of the on-going analytical quality control program are evaluated and reported to Goldshore by Orix Geoscience Inc.

About Goldshore

Goldshore is an emerging junior gold development company, and owns 100% of the Moss Lake Gold Project located in Ontario. Wesdome is currently a large shareholder of Goldshore with an approximate 22% equity position in the Company. Well-financed and supported by an industry-leading management group, board of directors and advisory board, Goldshore is positioned to advance the Moss Lake Gold Project through the next stages of exploration and development.

Peter Flindell, P.Geo., MAusIMM, MAIG, Vice President – Exploration of the Company, a qualified person under NI 43-101 has approved the scientific and technical information contained in this news release.

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

For More Information – Please Contact:

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

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

Facebook: GoldShoreRes | Twitter: GoldShoreRes | LinkedIn: goldshoreres

Cautionary Note Regarding Forward-Looking Statements

This news release contains statements that constitute “forward-looking statements.” Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur. Forward-looking statements in this news release include, among others, statements relating to: expectations regarding the exploration and development of the Moss Lake Gold Project; an updated mineral resource estimate and the timing thereof; completion of a PEA and the timing thereof, and other statements that are not historical facts.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: the Company may require additional financing from time to time in order to continue its operations which may not be available when needed or on acceptable terms and conditions acceptable; compliance with extensive government regulation; domestic and foreign laws and regulations could adversely affect the Company’s business and results of operations; the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of the Company’s securities, regardless of its operating performance; and the impact of COVID-19.

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

This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/153300

Tags #GoldShoreResources, #GSHR, #JuniorMining, #MossLakeProject, Brett Richards, canadian gold company stocks, gold stocks to buy

Base Metals Energy Junior Mining Precious Metals Silver Bullet Mines

Silver Bullet Mines Corp. Updates Copper Values at Black Copper

Post author By admin
Post date January 31, 2023

Burlington, Ontario–(Newsfile Corp. – January 31, 2023) – Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) (‘SBMI’ or ‘the Company’) is pleased to update the assay results from its Black Copper occurrence, reported earlier on January 31, 2023.

In SBMI’s January 17, 2023 press release, SBMI advised third part geologic consultants including the QP had visited the Black Copper occurrence in late November and early December, 2022. Black Copper is situated on SBMI’s Black Diamond property roughly one point five kilometres south of the Buckeye Mine and is referred to in the January, 2021 Geologic Report. Samples from Black Copper were taken and reported the following results:

Sample number	Au (ppb)	Cu ppm
342151	615	>1000
342152	192	>1000
342153	941	>1000
342154	654	>1000

The over-detection limit for copper on these samples was 1000 parts per million. These four samples were sent for further analysis which returned:

Sample number	Cu ppm	Cu %
342151	22400	2.24
342152	37400	3.740
342153	34000	3.400
342154	54900	5.490

The press release from earlier today incorrectly stated the values in parts per million as a result of manual data entry into the press release. A copy of the Actlabs certificates for these samples is attached.

QAQC For SBMI

All the samples above were collected by Robert Komarechka and John Corkery. Samples were collected and placed in sample bags with their appropriate tag and personally taken to the courier and shipped to Actlabs in Thunder Bay, Ontario for assaying. Certified standards and blanks were used both by the Company and Actlabs.

All samples analyzed by Actlabs were by Fire Assay ICPOES (Induced coupled plasma arc with optical emission spectroscopy).

The multi-element analysis was by digestion with a combination of hydrochloric, nitric, perchloric and hydrofluoric acids.

Mr. Robert G. Komarechka, P.Geo., an independent consultant, has reviewed and verified SBMI’s work referred to herein, and is the Qualified Person for this release.

With respect to the Company’s press release concerning seeking an extension of the Warrants (as that term is defined in that release), SBMI advises it is seeking an extension on a total of 8,528,081 Warrants with new expiry dates ranging from February 6, 2024 to July 8, 2024.

For further information, please contact:

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

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

Cautionary and Forward-Looking Statements

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/153061

Tags #InvestingInBatteryMetals, #JuniorMining, #MauriceJackson, #MilesFranklin, #PreciousMetals, #ProvenAndProbable, maurice jackson, proven and probable, Quinton Hennigh

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