Category: Precious Metals

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Junior Mining Precious Metals Uncategorized

NV Gold Completed Induced Polarization (IP) Survey at Sandy; Chargeability and Resistivity Targets Identified

VANCOUVER, BC / ACCESSWIRE / September 28, 2021 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) (“NV Gold” or the “Company“) is pleased to announce that the Company has completed its IP Survey at its 100% owned Sandy Gold Project (“Sandy”), located within the Walker Lane, Lyon County, Nevada, USA. The Company’s objective was to delineate sulfide concentrations via the chargeability and lithologies / alteration via the resistivity (see Figure 1). The IP Survey results have led to the Company identifying various untested, potentially altered, and mineralized new targets to be drill-tested 1st Q of 2022.

Figure 1 – IP Lines over topography and 2021 drill hole locations. (Note that IP Lines in blue color were used to present the interpreted IP targets)

Previously announced Highlights

  • The Company completed its expanded program of 17 RC drill holes totaling 3,811 m (12,505 ft) in 1st Q of 2021.
  • The “maiden” RC (Reverse Circulation) drilling has encountered a large epithermal gold system. The alteration footprint at the surface has a strike length of 2.4 kilometers and a width of half a kilometer.
  • A surface rock chip sampling program completed at the Sandy Gold Project yielded positive gold values from anomalous to high grade. Of note, three samples yielded 11.3 g/t Au and 11.6 g/t Ag, 11.5 g/t Au and 14.1 g/t Ag, and 18.1 g/t Au and 43.2 g/t Ag.
  • All seventeen RC holes drilled intercepted anomalous gold and strong trace element geochemistry. Twelve holes were above a threshold of >3 meters @ >0.1 g/t Au. The best intercept was 22.9 meters @ 0.65 g/t Au from 29 meters to 51.9 meters (including 6.1 meters of 1.58 g/t Au at 38.1 meters) in SD-2 (see to Figure 1-3).
  • A Leapfrog model including all surface geochemistry and drill assays was completed 2nd Q of 2021; the model showed open, NW-plunging gold mineralization and trace-element geochemistry towards the newly “IP-interpreted” target zones (refer to press release June 23rd, 2021).

CONCLUSIONS AND NEXT STEPS

The IP survey delineates lithologies, structures and alteration over two specific areas within the Sandy property. Numerous areas of sulfide concentration are also interpreted, which do not exhibit strong lithologic controls, but locations of hydrothermal alteration proximal to feeder structures. Vein responses are noted on Lines 4 through 6, and 18 and 19 along a prominent structural zone traversing the southwest and northeast borders of both survey blocks. This zone also correlates with moderate to high chargeability anomalies (see Figure 2 & 3). A low resistivity feeder to the silica cap on Line 18 is also interpreted (see Figure 4). Drill testing of the various targets will be conducted 1st Q of 2022 following a complete technical review to include integration of the IP results with all other of the property data.

“Previously stated conclusions of Leapfrog modeling combined with the recent results and interpretations of the Induced Polarization (IP) Survey strongly support the presence of a mineralized epithermal gold system at Sandy! The 2021 “maiden” RC (reverse circulation) drilling program did not intersect any of the new targets, neither underneath the Southwestern Clay Cap nor below the Northeastern Silica Cap. However, given the fact that most of our RC holes returned “system-indicating” gold values suggests strong potential for higher grade gold when targeting the overlapping resistor and chargeability anomalies. Having chargeability numbers up to 47 msec is very indicative for elevated sulfide occurrences which could represent a sulfide halo adjacent to mineralized quartz-veins. I am excited to evaluate the new anomalies and target interpretations of the Southwest Clay Cap and Northeast Silica Cap in our 2nd Phase drilling campaign in 1st Q of 2022″,stated Thomas Klein, VP Exploration, NV Gold.

Figure 2 – Induced Polarization Survey: Inverted Chargeability and Resistivity Sections of Line 5. SD-2 which returned 22.9 meters @ 0.65 g/t Au starting at 29 meters appears to be drilled distal to the main chargeability and resistivity anomalies. (Note that drill holes are located in between IP Line 5 & 6 (refer to Figure 1)).

Figure 3 – Induced Polarization Survey: Inverted Chargeability and Resistivity Sections of Line 6. SD-2 which returned 22.9 meters @ 0.65 g/t Au starting at 29 meters appears to be drilled distal to the main chargeability and resistivity anomalies. (Note that drill holes are located in between IP Line 5 & 6 (refer to Figure 1)).

Figure 4 – Induced Polarization Survey: Inverted Chargeability and Resistivity Sections of Line 18. Note there was no drilling performed on this section (refer to Figure 1).

On behalf of the Board of Directors,

John E. Watson
President & CEO

For further information, visit the Company’s website at www.nvgoldcorp.com or contact Freeform Communications at (604) 245-0054.

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

Forward-Looking Statement

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the extent and timing of the Company’s planned exploration activities, the interpretation of the IP Survey results as indicating areas of alteration, sulphides or vein or feeder structures and the potential of these to host elevated gold system and the dimensions of the strike length and width are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include regulatory issues, market prices, availability of capital and financing, general economic, market or business conditions, timeliness of government or regulatory approvals, The Company disclaims any intention or obligation to update or revise any forward-looking statements whether because of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

SOURCE: NV Gold Corporation



View source version on accesswire.com:
https://www.accesswire.com/665793/NV-Gold-Completed-Induced-Polarization-IP-Survey-at-Sandy-Chargeability-and-Resistivity-Targets-Identified

Categories
Base Metals Energy Junior Mining Precious Metals

Vox Provides Exploration Updates From Operating Partners

TORONTO, Sept. 28, 2021 /CNW/ – Vox Royalty Corp. (TSXV: VOX) (OTCQX: VOXCF) (“Vox” or the “Company“), a high growth precious metals focused royalty company, is pleased to provide recent development and exploration updates from royalty operating partners Gold Standard Ventures (TSX: GSV) (“Gold Standard Ventures“), Genesis Minerals Limited (ASX: GMD) (“Genesis“), Metalicity Limited (ASX: MCT) (“Metalicity“), Black Cat Syndicate Limited (ASX: BC8) (“Black Cat“) and Norwest Minerals Limited (ASX: NWM) (“Norwest“).

Vox Royalty Logo (CNW Group/Vox Royalty Corp.)
Vox Royalty Logo (CNW Group/Vox Royalty Corp.)

Riaan Esterhuizen, Executive Vice President – Australia stated, “The past month has been highly productive for Vox’s operating partners, with significant exploration activity across 18 separate royalty assets. Active drilling at the South Railroad, Kookynie, Bulong and Bulgera gold projects continues to unlock value for Vox shareholders by re-rating the development probability of these projects. Of particular note, the infill drilling at South Railroad and Bulong continues to support the medium-term development plans for these exciting gold projects.”

Summary of Development and Exploration Updates

  • Drilling success at Dark Star gold deposit by Gold Standard Ventures;
  • Kookynie gold projects:
  • High-grade drilling results at Kal East Gold Project by Black Cat, which includes Bulong royalty-linked deposits; and
  • Commencement of drilling programme at the Bulgera gold project by Norwest.

South Railroad (Pre-Feasibility) – Dark Star Exploration Success

  • Vox holds a 0.633% net smelter royalty with advance minimum royalty payments over part of the South Railroad project;
  • On September 13, 2021, Gold Standard Ventures announced:
  • Additional work on the South Railroad feasibility study is ongoing, comprising technical trade-off studies, metallurgical testwork and in-fill drilling at the Pinion deposit, with the goal of adding 300,000+ ounces of royalty-linked contained gold to existing mineral reserves to the mine plan, to be known as “Pinion Phase 4”, as summarised in Gold Standard Ventures’ September 2021 corporate presentation.
  • Vox Management Summary: The upcoming South Railroad feasibility study is likely to include significantly more royalty-linked reserve ounces, based on ongoing drilling success, and support the likelihood of a development decision on this Nevada gold project within the next 12 – 18 months.

Kookynie (Pre-Feasibility) – Equity Raising for Exploration and Feasibility and Strong Drilling Results

  • Vox holds a A$1/t production royalty on part of the Kookynie gold project(1);
  • On August 24, 2021, Genesis announced:
  • On September 22, 2021, Genesis announced an equity funding package totalling A$20.8M and appointment of former Saracen Mineral Holdings and Northern Star Resources Managing Director Raleigh Finlayson as Genesis Managing Director. According to Genesis, Raleigh Finlayson will subcribe for A$7M of the funding package personally. The funds raised will be used to grow Genesis’ Ulysses gold project in Western Australia through aggressive exploration, prioritising the Ulysses, Puzzle and Admiral deposits following recent drilling success, advance ongoing feasibility studies, and pursue other strategic opportunities that emerge.
  • Vox Management Summary: Incoming Genesis Managing Director Raleigh Finlayson was instrumental in growing Saracen Minerals to a A$6B major gold producer from 2008 – 2021, culminating in the company’s A$16B merger with Northern Star Resources. His leadership at Genesis and personal financial investment supports the perceived quality of the company’s gold projects, including the royalty-linked Puzzle North discovery.

Bulong (Pre-Construction) – High Grade Drilling Results

  • Vox holds a 1% net smelter royalty over part of the Bulong gold project;
  • On September 16, 2021, Black Cat announced:
  • Vox Management Summary: Construction preparations and successful confirmatory infill drilling continue to support Vox management’s confidence in Black Cat’s ability to commence construction at the Kal East/Bulong project in 2022. Black Cat is on track to drill approximately ~100,000m across the Kal East project in 2021, which increases the likelihood of further gold discoveries on royalty-linked areas at Bulong.

Bulgera (Exploration) – Positive Metallurgical Testwork and 3,900m Drilling Programme

  • Vox holds a 1% net smelter royalty over the Bulgera gold project;
  • On September 23, 2021, Norwest announced:
  • Vox Management Summary: Vox acquired the Bulgera gold royalty for A$100,000 in February 2021 and it is already providing strong discovery potential and early development activity in the form of successful initial metallurgical testwork. Bulgera oxide ore was last processed at the Plutonic Gold Mine in 2004; the project still has a 48km haul road in place, which presents future potential for a simple toll-treatment gold operation.

Kookynie (Advanced Exploration) – 2,100m Drilling Programme

  • Vox holds a A$1/t ore production royalty (with gold grade escalator(1)) on part of the Kookynie gold project held by Metalicity;
  • On September 13, 2021, Metalicity announced:
  • Vox Management Summary: We eagerly anticipate the results of this exploration drilling and the release of an initial resource estimate for the royalty-linked McTavish deposit later in 2021. The resource estimate will provide an initial indication of future development options for this high-grade gold project.

Qualified Person

Timothy J. Strong, MIMMM, of Kangari Consulting LLC and a “Qualified Person” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical disclosure contained in this press release.

About Vox

Vox is a high growth precious metals royalty and streaming company with a portfolio of over 50 royalties and streams spanning eight jurisdictions. The Company was established in 2014 and has since built unique intellectual property, a technically focused transactional team and a global sourcing network which has allowed Vox to become the fastest growing company in the royalty sector. Since the beginning of 2019, Vox has announced over 20 separate transactions to acquire over 45 royalties.

Further information on Vox can be found at www.voxroyalty.com.

Cautionary Note Regarding Forward Looking Information

This news release contains certain forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate” “plans”, “estimates” or “intends” or stating that certain actions, events or results ” may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be “forward-looking statements”.

The forward-looking statements and information in this press release include, but are not limited to, summaries of operator updates provided by management and the potential impact on the Company of such operator updates, statements regarding expectations for the timing of commencement of resource production from various mining projects, expectations regarding the size, quality and exploitability of the resources at various mining projects, future operations and work programs of Vox’s mining operator partners, the receipt of future royalty payments derived from various royalty assets of Vox, anticipated future cash flows and future financial reporting by Vox and requirements for regulatory approvals.

Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Vox to control or predict, that may cause Vox’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the requirement for regulatory approvals and third party consents, the impact of general business and economic conditions, the absence of control over the mining operations from which Vox will receive royalties, including risks related to international operations, government relations and environmental regulation, the inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the impact of the COVID-19 pandemic; the possibility that future exploration, development or mining results will not be consistent with Vox’s expectations; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; currency fluctuations; regulatory restrictions, including environmental regulatory restrictions; liability, competition, loss of key employees and other related risks and uncertainties.

Vox has assumed that the material factors referred to in the previous paragraph will not cause such forward looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of Vox as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While Vox may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

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

Technical and Third-Party Information

Except where otherwise stated, the disclosure in this press release is based on information publicly disclosed by project operators based on the information/data available in the public domain as at the date hereof and none of this information has been independently verified by Vox. Specifically, as a royalty investor, Vox has limited, if any, access to the royalty operations. Although Vox does not have any knowledge that such information may not be accurate, there can be no assurance that such information from the project operators is complete or accurate. Some information publicly reported by the project operators may relate to a larger property than the area covered by Vox’s royalty interests. Vox’s royalty interests often cover less than 100% and sometimes only a portion of the publicly reported mineral reserves, mineral resources and production of a property.

References & Notes:

(1)Kookynie Royalty is split in two separate terms:
a.Kookynie (Melita) Royalty – which covers the Puzzle Deposit: A$1/t production royalty >650Kt cumulative ore mined and treated.
b.Kookynie (Consolidated Gold) Royalty – which covers the Puzzle North Discovery: A$1/tonne (for each Ore Reserve with a gold grade <= 5g/t Au), for grades > 5g/t Au royalty = ((Ore grade per Tonne – 5) x 0.5)+1) .

SOURCE Vox Royalty Corp.

Cision
Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2021/28/c7498.html

Categories
Base Metals Emx Royalty Energy Exclusive Interviews Junior Mining Precious Metals Project Generators

EMX Royalty CEO David Cole provides an update on recent royalty acquisitions and other matters at the 2021 Gold Forum Americas

Please find the below link to David Cole’s presentation at the 2021 Gold Forum Americas in Colorado Springs, Colorado, USA. This presentation provides investors with a number of fresh insights into recent material developments in the Company.


https://www.emxroyalty.com/investors/video-presentations/

Categories
Junior Mining Precious Metals

Lakewood Exploration Mobilizes Drill to the Silver Strand Project in Idaho, USA

Lakewood Exploration Inc. Thu, September 23, 2021, 4:00 PM In this article:

Figure 1

Non-NI 43-101 Compliant model showing proposed Phase I underground drilling
Non-NI 43-101 Compliant model showing proposed Phase I underground drilling
Non-NI 43-101 Compliant model showing proposed Phase I underground drilling

VANCOUVER, British Columbia, Sept. 23, 2021 (GLOBE NEWSWIRE) — Lakewood Exploration (CSE: LWD / OTC: LWDEF) (“Lakewood” or the “Company”) is pleased to report that it has mobilized a drill in preparation for Phase I drilling at the Silver Strand Project in Idaho.
https://s.yimg.com/rq/darla/4-9-0/html/r-sf-flx.html

Phase I of the drill program will include initial underground drilling from the drilling bay that was established through now completed mine rehabilitation work, as well as select shallow surface drilling designed to test for lateral vein extensions along strike. Past production stopped at just 90 metres depth and this first phase of underground drilling will test immediately below what was historically mined at Silver Strand. Results from Phase I drilling are also expected to provide valuable information regarding the plunge, depth, lateral expansion, and dip of the veins, which will support the Company’s modelling and follow-up drilling.

“We are evaluating multiple veins across the 5.5 kilometre (km) Silver Strand property. This first phase of drilling within the project area is intended to test for high-grade mineralization both along strike and immediately beneath existing mine workings,” stated President Morgan Lekstrom. “Expanding the resource potential both down-dip and along the 5.5 kms of prospective structural extent is a pivotal step in demonstrating that this project has exploration potential similar to the large deposits that made Coeur d’Alene one of the top silver districts in the world.”

Figure 1. Non-NI 43-101 Compliant model showing proposed Phase I underground drilling.1
https://www.globenewswire.com/NewsRoom/AttachmentNg/b063284f-b79f-457d-ac3e-06fa0f0d1bf9

Veins within the Revett formation host most of the silver mines in the Coeur d’Alene mining district, including the Sunshine Mine, which produced 359 million ounces of silver to depths exceeding 1,800 metres. Silver Strand is located within the Revett formation and shares similar geological characteristics with the Sunshine Mine and other multi-hundred-million-ounce silver deposits also within the Revett formation.

The Company will provide additional updates as its initial drill campaign progresses and will report assays once received and interpreted.

Qualified Person

Technical aspects of this press release have been reviewed and approved under the supervision of Philip Mulholland, P.Geo. Mr. Mulholland is a Qualified Person (QP) under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

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

*Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property.

ON BEHALF OF LAKEWOOD EXPLORATION INC.

Morgan Lekstrom, President

Corporate Office: 551 Howe Street, Vancouver, British Columbia V6C 2C2, Canada

For more information please contact:

Kristina Pillon, High Tide Consulting Corp.
Cell: 604.908.1695
Email: investors@silverhammermining.com

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

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

1 Level 3 Stope was the only area partially mined out.

Categories
Junior Mining Precious Metals Uncategorized

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

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

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

Highlights

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



Figure 1: Schematic Long Section – McKellar Zone

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



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

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

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



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

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

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

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



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

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

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

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

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

About the Huronian Gold Project

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

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

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

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

Qualified Person

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

QAQC

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

Health and Safety

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

About Kesselrun Resources Ltd.

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

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

For additional information please contact:

Kesselrun Resources Ltd.

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

Corporate Communications
1.866.416.7941
information@kesselrunresources.com

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

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

Categories
Junior Mining Precious Metals

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

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

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

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

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

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

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

About Lakewood Exploration Inc.

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

On Behalf of the Board of Lakewood Exploration Inc.

Morgan Lekstrom, President

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

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

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

Categories
Junior Mining Precious Metals

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

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

Figure 1

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

Figure 2

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

Highlights

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

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

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

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

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

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

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

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

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

QA/QC

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

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

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

About Labrador Gold

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

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

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

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

For more information please contact:

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

Or visit our website at: www.labradorgold.com

Twitter: @LabGoldCorp

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

Forward-Looking Statements: This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.