“We are starting to see a clearer picture develop around which lode structures are deep-tapping and likely prospective for high-grade gold mineralization,” commented Dr. Quinton Hennigh, technical advisor to Lion One. “Our recent shallow drilling shows that the URW1 lode is one of these. We are seeing very high gold grades in this lode, a likely product of deep-sourced gold-rich fluids having utilized this structure as a main conduit at the time of gold deposition. This bodes well for deep potential on this structure, too. In addition to these exciting shallow results, we are seeing yet further high-grade intercepts in our deep target regime that bolster our confidence in that part of the system. We hope to generate a long stream of such exciting drill intercepts as we ramp up our drill program at Tuvatu through the early part of 2021 and beyond.” Hamish Greig 604-973-3008 Joe Gray 604-973-3004 Toll Free (North America) Tel: 1-855-805-1250
Email: info@liononemetals.com
Website: www.liononemetals.com
Please see the below news regarding development at the Timok mine where EMX Royalty holds a 0.5% net smelter royalty. Underground development at Timok Copper and Gold Mine of Zijin Mining in Serbia enters zone of high-grade ore
Zijin News, underground development at -80 level of the initial mining area of the Upper Zone of Timok Copper and Gold mine owned by Zijin Mining in Serbia enters zone of high-grade ore, allowing highly-productive stoping operations to begin in high-grade zones.
The sulphide-copper-bearing mineral in the high-grade ore is mainly covellite, with a small percentage of enargite and chalcopyrite, and the rest is mainly pyrite. The average grade for copper is 9.23%, and 6.23 g/t for gold. The location of the intersection and the grades are consistent with those perceived in the original design.
The Timok Copper and Gold project is one of the world’s top 10 undeveloped high-grade, super-large copper-gold mines. It has an Upper Zone and a Lower Zone. The indicated and measured resources in the Upper Zone total 1.21 million tonnes grading 2.71% copper, and 76 tonnes of gold at an average grade of 1.7g/t, with an ultra-high-grade orebody at the top. It is expected to produce over 79,000 tonnes of copper per annum after the project reaches its full capacity, with a designed throughput of 3.3Mtpa. Phase 1 of the project is expected to complete construction and become operational by the end of Q2 2021. If you have any questions, please feel free to contact me. Kind regards, Scott S. Close Director of Investor RelationsPhone: 1.303.973.8585 SClose@EMXRoyalty.comwww.EMXRoyalty.com10001 West Titan RoadLittleton, Colorado, USA 80125NYSE AMEX: EMX TSX.V: EMX
New York (CNN Business)Move over GameStop, Reddit mania is spreading to the precious metals market.Silver futures surged as much as 8.5% above$29 Sunday evening, touching five-month highs. That follows a 6% rally last week.Meanwhile, retail sites warned customers over the weekend they could not meet skyrocketing demand for silver bars and coins. And “#silversqueeze” is trending on Twitter.In more recent trading, silver futures were up 6.5%.The moves provide another example of the power of a group that has captivated Wall Street and Main Street: WallStreetBets. The Reddit forum sent GameStop (GME), AMC (AMC) and other heavily shorted stocks skyrocketing last week, roiling markets and crushing some hedge funds that had bet against those stocks. Robinhood, the free-trading app, came under fire after restricting trades in GameStop and other stocks.People on WallStreetBets set their sights on silver and theiShares Silver Trust ETF (SLV) last week, with some suggesting it could be a way to hurt big banks they believe are artificially suppressing prices.”SLV will destroy the biggest banks, not just some little hedge funds,” one WallStreetBets user wrote.
It’s not just GameStop. Market bubble fears are risingAnother claimed JPMorgan Chase has been “suppressing metals for a long time. This should be epic. LOAD UP.”Several noted that JPMorgan (JPM) paid a record $920 million fine last year to settle charges that it engaged in manipulative trades of futures tied to precious metals as well as Treasuries.The Winklevoss twins, who famously sued Facebook’s Mark Zuckerberg and were early backers of bitcoin, both tweeted support for the push by WallStreetBets into silver.”The #silversqueeze is a rage against the machine,” Tyler Winklevoss tweeted.”If silver market is proven to be fraudulent, you better believe gold market will be next,” Cameron Winklevoss tweeted.Leading retail sites posted warnings over the weekend that they faced heavy demand.
Inside the Reddit army that’s crushing Wall Street“Due to unprecedented demand on physical silver products, we are unable to accept any additional orders on a large number of products, until global markets open Sunday evening,” APMEX, which calls itself the world’s largest online retailer of precious metals, wrote in a notice atop its website.SD Bullion warned that “due to unprecedented silver demand” it would also be unable to accept orders until Sunday evening. Similar notices were posted by Money Metals and other websites.”It’s not surprising to see the sharp and abrupt uptick in consumer demand overwhelm the physical supply of silver coins held by dealers in the short term,” Ryan Fitzmaurice, a commodities strategist at Rabobank, told CNN Business in an email.However, unlike GameStop and other unloved stocks targeted by WallStreetBets, silver futures have been strong of late. Hedge funds and other institutional investors had been bullish on silver futures and the precious metal was trading near multi-year highs.”It is a dramatically different market setup,” Fitzmaurice said. “I am not sure how well this new Reddit trading strategy will fare in futures markets and especially the notoriously volatile commodity markets.”
PARTNERING THE MOST HIGH RISK, HIGH-COST STAGES OF EXPLORATION
Millrock (TSX.V: MRO.V) is a project generator company focused on the discovery and development of high-value metallic mineral deposits in two jurisdictions with outstanding potential: the State of Alaska and Mexico – primarily the state of Sonora. The company’s main emphasis has been on gold and copper, focusing on porphyry and high-grade vein style deposits.
Our objective is to discover a world-class ore body, building further shareholder value through the exploration and development of existing projects and exploration joint ventures.
Riverside’s President and CEO, John-Mark Staude: “We are starting 2021 strong with an exciting drill program at the Cecilia Project. Recent exploration work has demonstrated the potential for high-grade gold mineralization at structural intersections namely the San Jose fault and the Agua Prieta structural corridor. Further work on the other target areas to come later this year as well as continued progress at additional Cerro Magallanes zones.”
We have made tremendous progress towards the completion of construction at the Santana gold project since activities were allowed to restart around the middle of last year following the widespread Covid-19 shutdowns. Major civil works are now drawing to an end and the focus has shifted towards the final placement of field connections required for fluid handling systems involved in the leach process. The overall project site is quickly taking shape with the plant, remaining buildings and storage facilities all beginning their final construction and installation phases over the coming month. In parallel, our mining group continues to finalize start-up optimization plans for the Nicho and Nicho Norte open pits.” stated Darren Koningen, CEO of Minera Alamos. “We would like to take this opportunity to thank our contractors and team in Mexico for the excellent progress in building the Santana operation at a time where so many logistical challenges presented themselves. As construction activities draw to a close at Santana the project’s development is a testament to their hard work and commitment.”
Michael Hudson, CEO states, “The back-arc basins of Peru have been sporadically explored over the last 30 years. The area represents a true last frontier within the metal-rich Andes mountain chain. In a similar way to our vast sediment-hosted copper-silver project in San Martin, we have once again opened a new search space in Ucayali, this time for copper-gold porphyry systems. Big systems have big footprints, and in a rare event, field teams were able to sample up to 25.6% copper in creeks within the first day or so of visiting the Ucayali project. Hannan is extremely well poised for a strong 2021 with a top 10 ground position in Peru, two extremely prospective and large copper projects, and a great joint venture partner JOGMEC earning up to 75% of the at San Martin project by spending US$35,000,000 to deliver a feasibility study.”
Further Information www.hannanmetals.com 1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7 Mariana Bermudez, Corporate Secretary, +1 (604) 685 9316, info@hannanmetals.com
