Category: Precious Metals

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Base Metals Energy Precious Metals

GROUP TEN METALS Announces Discovery of Hybrid Zone as One of 14 Multi-Kilometer-Scale PGE-Ni-Cu Target Areas Identified at Stillwater West

VANCOUVER, British Columbia, Dec. 17, 2018 (GLOBE NEWSWIRE) — Group Ten Metals Inc. (TSX.V: PGE; OTC: PGEZF, FSE: 5D32) (the “Company” or “Group Ten”) provides an update on the Company’s flagship Stillwater West PGE-Ni-Cu project (“Stillwater West” or the “Project”) in the Stillwater district of Montana, USA, including a summary of 2018 field work which resulted in the recognition of the new Hybrid Zone PGE-Ni-Cu-Cr target that is one of 14 multi-kilometer priority target areas identified by field and data analysis activities to date.

Dr. Craig Bow, Chief Geologist, stated, “We are excited about the discovery of a fundamentally new type of platinum and palladium mineralization within the Stillwater Complex. Termed “Hybrid Zone” due to the complex mixtures of rock types and textures, this zone within the Chrome Mountain target area is characterized by broad intervals (10 to 150 meters) of highly anomalous PGE levels associated with chromite and base metal sulfide often in pegmatoidal Ultramafic Series lithologies. To date, mineralization has seen scout drilling only and remains open in all directions, emphasizing the underexplored nature of the ultramafic portion of the Stillwater Complex. We are committed to further exploration of this iconic mining district and believe in its potential to host significant new deposits.”

Including the new Hybrid Zone in the Chrome Mountain target area, Group Ten has identified a total of 14 multi-kilometer-scale target areas along the approximate 25-km strike length of the property (see Figure 1). These 3- to 8-km-long target areas have been defined by major high-level electro-magnetic conductors with broad coincident soil geochemical anomalies, and are further divided into eight ‘Platreef-style’ bulk tonnage PGE-Ni-Cu sulphide target areas (blue ellipses) and six ‘Reef-type’ higher-grade PGE target areas (red ellipses) including the Picket Pin PGE reef deposit.

The eight ‘Platreef-style’ bulk tonnage PGE-Ni-Cu target areas occur within the ultramafic and basal part of the Stillwater Complex and are highlighted by strong electro-magnetic conductive signatures that are characteristic of large bodies of massive to extensively disseminated sulphides. These geophysical targets have overlapping highly elevated palladium, platinum, gold, nickel, copper, and chromium values in soils and rock sampling. Individual target areas have from a few drill holes to as many as 30 wide-spaced holes that have intercepted significant levels of platinum, palladium and gold along with nickel, copper, cobalt, rhodium, vanadium and chromium.

The higher-grade ‘Reef-type’ PGE target areas at Stillwater West, occur both above and below Sibanye-Stillwater’s J-M Reef deposit, which hosts a Measured and Indicated resource of 31 million ounces at a grade of 17.0 grams per tonne (g/t) Pt+Pd, plus an additional 49 million ounces at 16.6 g/t Pt+Pd in Inferred resources1, plus past production of 10 million ounces at similar grades2 from three active mines. Less work has been completed on these Reef-type targets by Group Ten to date however surface sampling and drilling has reported significant mineralization that will be assessed in future work.

2018 Exploration Programs

The 2018 exploration program, the Company’s first at Stillwater West, confirmed the potential of the Project to host multiple large-scale, disseminated, polymetallic bulk tonnage deposits across the 25-km length of the claim blocks. Work was focused on exploration of the lower Stillwater Complex where the Company sees the potential for much larger mineralized systems than has been previously recognized in the district based on geological similarities with the northern limb of South Africa’s Bushveld Complex, a region which hosts Anglo American’s world-leading Mogalakwena PGE-Ni-Cu Mine, and Ivanhoe’s Platreef PGE-Ni-Cu project, which is currently under construction.

Work was conducted in the following key areas at Stillwater West in 2018:

  • Significant mineralized intervals from over 11,000 meters of core inventory were re-logged for assay and the application of new geologic models from the Platreef. Re-logging is now complete, with assays pending;
  • Surface prospecting and rock sampling of mineralized outcrops along approximately 20 km of the 25-km strike of the project was completed. Assay results are expected shortly;
  • Detailed surface mapping of the Basal and Ultramafic Series covering an approximate 7 km2 area was completed to augment the historical database and better define the stratigraphy of this underexplored portion of the Stillwater Complex;
  • Physical rock property measurements were completed on representative core and grab samples including magnetic susceptibility, conductivity/resistivity, IP (Induced Polarization) chargeability, and density. Rock property analysis is expected to be instrumental in developing new geologic and 3-D models for the different types of mineralization at Stillwater West;
  • Entry of all core data into the first property-wide 3D geologic database for modeling and target refinement. This effort is ongoing, with results expected in 2019;
  • Development of a predictive geologic model to drive future exploration efforts and follow-up drilling (ongoing); and prioritization of all targets along the 25-km-long strike length of the Project (now underway).

Next Steps

Results of the 2018 field program will be released in the coming weeks, with results of the greater modeling and mapping efforts expected to be on-going through Q1 of 2019. Group Ten will attend both the Vancouver Resource Investment Conference and AME Round Up trade shows in January, including core display at the latter.

About Stillwater West

The Stillwater West PGE-Ni-Cu project positions Group Ten as the second largest landholder in the Stillwater Complex, adjoining and adjacent to Sibanye-Stillwater’s world-leading Stillwater, East Boulder, and Blitz platinum group elements (PGE) mines in south central Montana, USA. With more than 41 million ounces of past production2and current M&I resources1, plus another 49 million ounces of Inferred resources1, the Stillwater Complex is recognized as one of the top regions in the world for PGE-Ni-Cu mineralization, alongside the Bushveld Complex and Great Dyke in southern Africa, which are similar layered intrusions. The J-M Reef, and other PGE-enriched sulphide horizons in the Stillwater Complex, share many similarities with the highly prolific Merensky and UG2 Reefs in the Bushveld Complex, while the lower part of the Stillwater Complex also shows the potential for much larger scale disseminated and high-sulphide PGE-nickel-copper type deposits, possibly similar to Platreef in the Bushveld Complex3. Group Ten’s Stillwater West property covers the lower part of the Stillwater Complex along with the Picket Pin PGE Reef-type deposit in the upper portion, and includes extensive historic data, including soil and rock geochemistry, geophysical surveys, geologic mapping, and historic drilling.
Note 1: Report on Montana Platinum Group Metal Mineral Assets of Sibanye-Stillwater, November 2017, Measured and Indicated Resources of 57.2 million tonnes grading 17.0 g/t Pt+Pd containing 31.3 million ounces and 92.5 million tonnes grading 16.6 g/t containing 49.4 million ounces.
Note 2: Public production records from Stillwater Mining Company from 1992 to present.
Note 3: Magmatic Ore Deposits in Layered Intrusions—Descriptive Model for Reef-Type PGE and Contact-Type Cu-Ni-PGE Deposits, Michael Zientek, USGS Open-File Report 2012–1010.

About Group Ten Metals Inc.

Group Ten Metals Inc. is a TSX-V-listed Canadian mineral exploration company focused on the development of high-quality platinum, palladium, nickel, copper, cobalt and gold exploration assets in top North American mining jurisdictions. The Company’s core asset is the Stillwater West PGE-Ni-Cu project adjacent to Sibanye-Stillwater’s high-grade PGE mines in Montana, USA.  Group Ten also holds the highly prospective Kluane PGE-Ni-Cu project on trend with Nickel Creek Platinum‘s Wellgreen deposit in Canada‘s Yukon Territory, and the high-grade Black Lake-Drayton Gold project in the Rainy River district of northwest Ontario.

About the Metallic Group of Companies

The Metallic Group is a collaboration of leading precious and base metals exploration companies, with a portfolio of large, brownfields assets in established mining districts adjacent to some of the industry’s highest-grade producers of platinum & palladium, silver and copper. Member companies include Group Ten Metals (PGE.V) in the Stillwater PGM-Ni-Cu district of Montana, Metallic Minerals (MMG.V) in the Yukon’s Keno Hill silver district, and Granite Creek Copper (GCX-H.V) in the Yukon’s Carmacks copper district. Highly experienced management and technical teams at the Metallic Group have expertise across the spectrum of resource exploration and project development from initial discoveries to advanced development, including strong project finance and capital markets experience and have demonstrated a commitment to community engagement and environmental best practices. The founders and team members of the Metallic Group include highly successful explorationists formerly with some of the industry’s leading explorer/developers and major producers and are undertaking a systematic approach to exploration using new models and technologies to facilitate discoveries in these proven historic mining districts. The Metallic Group is headquartered in Vancouver, BC, Canada and its member companies are listed on the Toronto Venture, US OTC, and Frankfurt stock exchanges.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/62600ad4-0f29-4832-9016-13f5b7e830c1

FOR FURTHER INFORMATION, PLEASE CONTACT:
Michael Rowley, President, CEO & Director

Email: info@grouptenmetals.com Phone: (604) 357 4790
Web: http://grouptenmetals.com Toll Free: (888) 432 0075

Quality Control and Quality Assurance

Mr. Mike Ostenson, P.Geo., is the qualified person for the purposes of National Instrument 43-101, and he has reviewed and approved the technical disclosure contained in this news release.

Forward-Looking Statements

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

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

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Base Metals Precious Metals Project Generators

MILLROCK RESOURCES Closes Tranche 2 of Private Placement

VANCOUVER, BRITISH COLUMBIA, December 14, 2018 – Millrock Resources Inc. (TSX-V: MRO) (“Millrock” or “the Company”) reports the non-brokered private placement announced on December 7, 2018 was oversubscribed and the Company raised a total of $1,044,500. A total of 3,445,000 units at a price of $0.10 per unit have been issued in Tranche 2 for gross proceeds of $344,500. Each unit consists of one common share of Millrock and one share purchase warrant (the “Unit Warrants”). Each Unit Warrant entitles the holder to purchase one additional common share at an escalating exercise price over a period of three years from the closing date as follows:

  • During the first year from the closing date the Unit Warrants are exercisable at $0.14 per share;
  • Thereafter, during the second year from the closing date, $0.17 per share; and
  • Thereafter during the third year from the closing date, $0.20 per share.

Finder’s fees of $600 and 6,000 Finder’s Warrants are payable to Sprott Private Wealth LP., in connection with this portion of the financing.
The common shares issued under this financing and any common shares issued pursuant to exercise of Unit Warrants or Finder’s Warrants are subject to a hold period and may not be traded until April 15, 2019.
This financing is subject to receipt of TSX Venture Exchange acceptance.
Proceeds from the financing will be used for project generation and general corporate purposes. The financing is subject to final approval from the TSX Venture Exchange.
About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the mining industry. Millrock identifies, packages and operates large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the usual financial risk taken on by most exploration companies. The company is active in Alaska, the southwest USA and Sonora State, Mexico. Funding for drilling at Millrock’s exploration projects is primarily provided by its joint venture partners. Business partners of Millrock have included some of the leading names in the mining industry: Centerra Gold, First Quantum, Teck, Kinross, Vale, Inmet, Altius, and Riverside. Millrock is a major shareholder of junior explorers PolarX Limited. and Sojourn Exploration Inc.
ON BEHALF OF THE BOARD
“Gregory Beischer”
Gregory Beischer, President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT:
Melanee Henderson, Investor Relations
(604) 638-3164
(877) 217-8978 (toll-free)
Some statements in this news release contain forward-looking information. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs.
Copyright © 2018 Millrock Resources, All rights reserved.
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Precious Metals

MILES FRANKLIN Markets Pricing In More Dovish Federal Reserve

Chris Marcus-Contributing Writer For Miles Franklin
Markets Pricing In More Dovish Federal Reserve
Written by Chris Marcus of Miles Franklin
With the Federal Reserve set to hold its last policy meeting of the year next week, the speculation has been that it will slow down the pace of interest rate increases. With the financial markets now pricing in an even higher probability that the Fed might even pause at the December meeting.
“Investors currently see a 73.2% chance of a rate hike following the December Fed meeting, according to the CME. Just one week ago, the probability for a rate hike on December 19 was at 84.4%.”
While a hike next week is still more likely than not, it is interesting to see the change in pricing. With the markets also reflecting a less aggressive than previously expected pace for 2019.
Although consensus among economists remains in favor for a rate hike in December, some are beginning to lower estimates for 2019.
Goldman Sachs initially forecasted four rate hikes next year and still estimated that there is a 90% probability for a rate hike in this month, but now predicts a less than 50% chance of a rate increase in March.
So with increasing uncertainty surrounding the Fed’s glacial tightening path, what can we count on from the Fed next week?
In reality, whether the Fed hikes or pauses, it has to on some level be realizing the corner that it long ago backed itself into. And that there is no easy way out now.
At this point, the Fed can continue to raise rates and watch the stock, bond, and real estate markets continue to deteriorate. Or it can resort back to it’s long-held strategy of running the printing presses to once again try and cover up the malinvestment.
Giving the commentary out of the Fed over the past few weeks, it seems like it will choose the latter. Which is hardly surprising. And interesting in the sense that the markets are beginning to price it in.
That gold and silver have not moved substantially on this news is likely a reflection of the manipulation that has been documented in court, yet continues to occur. Which does not mean that it will go on forever. But rather for those looking to invest, the fact that more money printing is on the way, while that has yet to be reflected in the price of precious metals, just makes the idea of investing in gold and silver all the more appealing.
The last decade of the financial markets has created a challenging environment for investors. Where many correctly grasp what’s going on and place trades accordingly, only to not see the prices react.
Yet as the collapse of the subprime bubble demonstrated over a decade ago, while sometimes the markets can seem slow in reacting, when they do, they eventually account for all of these developments that have not been reflected in the price.
So if you’re watching the stock market volatility and thinking about selling before the bubble collapses further, and looking for an asset class that still allows you to buy at low levels, look no further than gold and silver.
P.S. If you have any questions about this article, what’s happening with the Fed, or the precious metals market, you’re welcome as always to email me here.
-To buy or sell gold and silver call Miles Franklin today at (1-800-822-8080).
-Or get Miles Franklin’s detailed report on why the price of silver is set to explode.
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Miles Franklin was founded in January, 1990 by David MILES Schectman. David’s son, Andy Schectman, our CEO, joined Miles Franklin in 1991. Miles Franklin’s primary focus from 1990 through 1998 was the Swiss Annuity and we were one of the two top firms in the industry. In November, 2000, we decided to de-emphasize our focus on off-shore investing and moved primarily into gold and silver, which we felt were about to enter into a long-term bull market cycle. Our timing and our new direction proved to be the right thing to do.
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Categories
Base Metals Energy Precious Metals Project Generators

EMX ROYALTY Executes Agreement to Sell Four Polymetallic Projects in Norway and Sweden to OK2 Minerals

Vancouver, British Columbia–(Newsfile Corp. – December 13, 2018) – EMX Royalty Corporation (TSXV: EMX) (NYSE American: EMX) (the “Company” or “EMX”) is pleased to announce the execution of a purchase agreement (the “Agreement”) for the sale of the Bleikvassli, Sagvoll, and Meråker polymetallic projects in Norway, and the Bastuträsk polymetallic project in Sweden to OK2 Minerals Ltd. (“OK2”) (TSX Venture: OK). The Agreement provides EMX with a 9.9% equity interest in OK2, advance royalty payments, and a 3% net smelter return (“NSR”) royalty interest in the projects, as well as a 1% NSR royalty on OK2’s Pyramid project in British Columbia.

The four Scandinavian projects (the “Properties”) provide OK2 with a portfolio of prospective properties for its newly created European Business Unit, and will provide OK2’s shareholders, including EMX, with substantial value creation upside. The Properties contain historic mining areas and/or historic, drill-defined zones of polymetallic base metal mineralization (zinc-lead-copper) with variable levels of precious metal enrichments (silver ± gold). There is significant exploration potential, as little to no modern work has taken place on the projects, with the exception of Bastuträsk. Please see the attached map and www.EMXroyalty.com for more information.

Commercial Terms Overview (dollar amounts in USD, unless otherwise noted):

  • EMX will transfer to OK2 the Bleikvassli, Sagvoll, and Meråker exploration licenses in Norway, and its Bastuträsk exploration permits in Sweden at closing.
  • Upon the closing of this transaction, OK2 will undergo a corporate restructuring by share consolidation and change its name to Norra Metals Corp.
  • OK2 will issue to EMX that number of common shares of OK2 that represents a 9.9% equity ownership in OK2 at closing. OK2 will have the continuing obligation to issue additional shares of OK2 to EMX to maintain its 9.9% interest in OK2, at no additional cost to EMX (subject to a maximum of 13,398,958 post-consolidation common shares), until OK2 has raised CDN $5,000,000 in equity to fund exploration and development on the Properties, or until five years after closing, whichever occurs first. Thereafter, EMX will have the right to participate pro-rata in future financings at its own cost to maintain its 9.9% interest in OK2.
  • Further, there is an additional provision that requires OK2 to raise and spend CDN $2,000,000 on the Properties within two years of the closing date, otherwise EMX’s 9.9% equity ownership shall be increased to a 14.9% continuing equity interest (subject to a maximum of 21,350,956 post-consolidation common shares).
  • EMX will retain an uncapped 3% NSR royalty interest on each of the Properties. Within six years of the closing date, OK2 has the right to buy down up to 1% of the royalty retained by EMX on any given project (leaving EMX with a 2% NSR royalty) by paying EMX $2,500,000. Such a buy down is project specific.
  • EMX will receive annual advance royalty (“AAR”) payments of $20,000 for each of the Properties commencing on the second anniversary of the closing, with each AAR payment increasing by $5,000 per year until reaching $60,000 per year, except that OK2 may skip AAR payments on two of the four Properties in years two and three provided payments are made on the other two Properties in years two and three. Once reaching $60,000, AAR payments will be adjusted each year according to the Consumer Price Index (as published by the U.S. Department of Labor, Bureau of Labor Statistics).
  • EMX will receive a 0.5% NSR royalty on any new mineral exploration projects generated by OK2 in Sweden or Norway, excluding projects acquired from a third party containing a mineral resource or reserve or an existing mining operation. These royalties are not capped and not subject to a buy down.
  • EMX will also receive a 1% NSR royalty on OK2’s Pyramid project in British Columbia at closing.
  • EMX will have the right to nominate one seat on the Board of Directors of OK2.
  • Closing is subject to approval by the TSX Venture Exchange.

Properties Overview

The Scandinavian Properties contain a combination of Volcanogenic Massive Sulfide (“VMS”) and sedimentary exhalative (“SEDEX”) polymetallic deposits. Magmatic sulfide type nickel-copper-cobalt mineralization is also present on portions of the Sagvoll project in Norway.

Bleikvassli. The 6,000 hectare (“Ha”) Bleikvassli licenses are located near the Norwegian city of Mo-i-Rana, and contain the historic Bleikvassli mine area, which saw production of lead, zinc and silver mineralization from 1914-1997[1]. The mine was one of the last metal mines to operate in Norway, and was closed only when flooded in the late 1990’s. The styles of mineralization at Bleikvassli have been the subject of debate, with some authors favoring a VMS origin for the deposit, while others have favored a sedimentary exhalative (“SEDEX”) model. In either case, the deposit consists of stratiform/stratibound lenses of lead-zinc-silver massive sulfide mineralization, which locally grades into more copper and gold-rich compositions. The lenses mined at Bleikvassli constitute a portion of an extensive zone of sulfide mineralization that extends well beyond the mine area, as indicated by historic exploration drilling and extensive surface mapping.

Sagvoll. The 11,000 Ha Sagvoll project is located northeast of the Norwegian city of Trondheim. The Sagvoll licenses contain multiple areas of historic mining, where copper and other metals were mined in the 19th and early 20th centuries. VMS style mineralization is developed throughout the areas of historic mine workings, and along extensive geophysical anomalies that extend for over 25 kilometers along strike of the mine workings. Also present in the southeastern portion of the license area are historic nickel-copper sulfide mines and prospects.

Meråker. Like Sagvoll, the 18,600 Ha Meråker project is located near the Norwegian city of Trondheim, and contains multiple historic mines and prospects developed on trends of polymetallic VMS style mineralization. Copper was the chief product from many of the historic mines, but significant zinc mineralization is seen in the mine dumps and outcrops in the area. There are several parallel trends of mineralization within the project area, extending for nearly 30 kilometers along strike. Little modern exploration has taken place at Meråker.

Bastuträsk. The 4,700 Ha Bastuträsk exploration permits are located in the Skellefteå district, which is one of Sweden’s most prolific mining districts. VMS style sulfide mineralization was discovered at Bastuträsk by Boliden AB in the 1960’s, and was drilled intermittently in various programs through the early 2000’s. The mineralization is hosted by a folded sequence of volcanic and volcanoclastic sedimentary rocks. The mineralization does not outcrop in the area, and is only known through drilling and as projected from geophysical data. Drill defined zones of mineralization are developed over an area of several kilometers near the apparent nose of a prominent fold hinge.

Pyramid Project Overview

OK2’s 12,700 Ha Pyramid project is located along the Dease River at the northern edge of British Columbia’s “Golden Triangle” region. The project contains extensive zones of both porphyry gold-copper and epithermal style mineralization developed in Quesnel Terrane host rocks, one of the key hosts for porphyry deposits in British Columbia. The property has undergone extensive surface mapping, sampling and geophysical surveys, along with recent reconnaissance drilling (2016 and 2017). More information about the project, including drill results, are available on the OK2 website.

About EMX. EMX leverages asset ownership and exploration insight into partnerships that advance our mineral properties, with EMX receiving pre-production payments and retaining royalty interests. EMX complements its royalty generation initiatives with royalty acquisitions and strategic investments.

The sale of the Properties in Norway and Sweden to OK2 is another example of EMX’s execution of its royalty generation business model, and provides additional organic royalty property growth for EMX, as well as establishing a substantial equity position in the partner company. These interests provide EMX and its shareholders immediate exposure to equity upside, while the royalty interests provide longer term exposure to the optionality of continued exploration success and the potential for future mineral production revenues.

Dr. Eric P. Jensen, CPG, a Qualified Person as defined by National Instrument 43-101 and employee of the Company, has reviewed, verified and approved the disclosure of the technical information contained in this news release.

-30-

For further information contact:

David M. Cole
President and Chief Executive Officer
Phone: (303) 979-6666
Email: Dave@EMXroyalty.com

Scott Close
Director of Investor Relations
Phone: (303) 973-8585
Email: SClose@EMXroyalty.com

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.

Forward-Looking Statements

This news release may contain “forward looking statements“ that reflect the Company’s current expectations and projections about its future results. These forward-looking statements may include statements regarding perceived merits of properties, exploration results and budgets, mineral reserves and resource estimates, work programs, capital expenditures, timelines, strategic plans, market prices for precious and base metal, or other statements that are not statements of fact. When used in this news release, words such as “estimate,“ “intend,“ “expect,“ “anticipate,“ “will“, “believe”,“potential” and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company’s future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause the Company‘s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and factors may include, but are not limited to: unavailability of financing, failure to identify commercially viable mineral reserves, fluctuations in the market valuation for commodities, difficulties in obtaining required approvals for the development of a mineral project, increased regulatory compliance costs, expectations of project funding by joint venture partners and other factors.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, including the risks and uncertainties identified in this news release, and other risk factors and forward-looking statements listed in the Company’s MD&A for the quarter ended onSeptember 30, 2018 (the “MD&A”), and the most recently filed Form 20-F for the year that ended on December 31, 2017, actual events may differ materially from current expectations. More information about the Company, including the MD&A, the 20-F and financial statements of the Company, is available on SEDAR at www.sedar.com and on the SEC’s EDGAR website at www.sec.gov.

Cannot view this image? Visit: http://media.zenfs.com/en-US/homerun/newsfile_64/c957666d8d323b019347528d8004e6c9
Cannot view this image? Visit: http://media.zenfs.com/en-US/homerun/newsfile_64/c957666d8d323b019347528d8004e6c9

Figure 1. Properties in Norway and Sweden sold by EMX to OK2.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/1508/41619_80f3f742c4c07bfe_002full.jpg

[1] Geological Survey of Norway Ore Database, Deposit Area 1832-012.

Categories
Precious Metals

NV GOLD Files Year End Financial Statements and Announces Board Changes

VANCOUVER, British Columbia, Dec. 12, 2018 (GLOBE NEWSWIRE) — NV Gold Corporation (TSX.V: NVX; OTC Pink: NVGLF) (“NV Gold” or the “Company”) is pleased to announce the filing of its August 31, 2018 year-end financial statements and recent board changes.

At the same meeting at which the Board approved our year-end financial statements, the Board concluded its review of Board composition and decided to propose a smaller board of five directors for election at its next AGM in January 2019.  In connection with this decision, NV Gold graciously accepted the resignations of both Ken Booth and Paul Zyla. Paul Zyla will remain as a Board Advisor going forward, and Quinton Hennigh, Odin Christensen, Alf Stewart, Peter Ball and John Watson will remain on the Board and will be management’s director nominees for the Company’s AGM.

“I want to thank both Ken Booth and Paul Zyla for their efforts and dedication as members of NV Gold’s board, and wish them all the best in their future business ventures,” commented John Watson, Chairman and CEO of NV Gold. “Ken has been on the Board since the Company’s acquisition of certain Nevada assets in late 2016 from Redstar Gold Corp.  Paul has been a supportive director since 2011, and I am pleased Paul can remain as an advisor as we push into 2019. NV Gold controls a solid portfolio of projects in Nevada, and along with new management appointments of Peter Ball as President and COO and Marcus Johnston as Exploration Manager, we look forward to an exciting year for the Company.  At this time we would also like to thank our supportive shareholders for the strong support of NV Gold’s team during 2018 and going forward.”

About NV Gold Corporation

NV Gold is a junior exploration company based in Vancouver, British Columbia that is focused on delivering value through mineral discoveries utilizing the prospector generator model. Leveraging its highly experienced in-house technical knowledge, NV Gold’s geological team intends to use its geological database, which contains a vast treasury of field knowledge spanning decades of research and exploration, combined with a portfolio of mineral properties in Nevada, to create opportunities for lease or joint venture.  NV Gold plans to aggressively acquire additional land positions for the growth of its business.

On behalf of the Board of Directors,

John E. Watson
Chairman and CEO

For further information, visit the Company’s website at www.nvgoldcorp.com or contact:

Peter A. Ball,
President & COO
Phone: 1-888-363-9883
Email: peter@nvgoldcorp.com

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.

Categories
Precious Metals

NOVO Provides Pilbara Exploration Program Update

VANCOUVER, British Columbia, Dec. 13, 2018 (GLOBE NEWSWIRE) — Novo Resources Corp. (“Novo” or the “Company”) (TSX-V: NVO; OTCQX: NSRPF) is pleased to provide an update of exploration activities and short-term objectives at several of its Pilbara gold projects.

Egina:

  • Novo’s preliminary bulk sampling program at Egina is nearing completion. An approximately 170 tonne bulk sample was recently excavated (Figure 1) and is being processed utilizing the Company’s IGR3000 gravity gold plant. Initial results are expected by the end of the month.
  • Sampling and processing protocols developed during this preliminary bulk sampling phase will enable Novo to undertake systematic bulk sampling across other parts of the expansive gravel terrace at Egina beginning after the wet season ends in March.
  • In addition to the 170 tonne bulk sample, three smaller samples weighing approximately 20 tonnes each were collected for detailed metallurgical test work including mechanical sorting tests similar to those recently undertaken on bulk samples from Comet Well (please refer to the Company’s news release dated November 19, 2018). Metallurgical test work will be geared toward developing a processing scheme suited for Egina gravels.
  • Novo anticipates trial bulk sampling and processing of a few tens of thousands of tonnes at Egina in 2019.

Karratha:

  • Assays of concentrates from recent mechanical sorting tests are expected back by the end of December. Analyses of waste material from these tests are anticipated to return the first quarter of 2019 at which time the effectiveness of mechanical sorting and its potential commercial application can be more fully assessed.
  • Novo anticipates generating a mineralization report for the Karratha gold project for submission to the Western Australian Department of Mine, Industry Regulation and Safety during the first quarter of 2019. This report forms the basis for seeking grant of a mining lease at Karratha. Novo is also working towards a native title agreement with the Ngarluma people, another key step in the process of obtaining a mining lease.

Beatons Creek:

  • A suite of 58 bulk samples, each weighing approximately two tonnes, was collected from gold-bearing conglomerates across the Beatons Creek project during 2018. Analyses from these samples are expected to return by February 2019.
  • In addition to bulk sampling, Novo undertook infill and step-out diamond drilling to enable geological remodeling and expansion of the Beatons Creek deposit.
  • Novo anticipates utilizing forthcoming data from bulk sampling and diamond drilling to develop a new resource model for Beatons Creek during the first quarter of 2019. The recently updated Beatons Creek resource (please refer to the Company’s news releases dated October 10 and November 21, 2018) includes measured and indicated resources of 345 thousand oz Au (4.594 million tonnes at 2.3 grams per tonne Au) and an inferred resource of 322 thousand oz Au (3.790 million tonnes at 2.6 grams per tonne Au).  Reference should be made to the technical report entitled NI 43-101 Technical Report Resource Update, Beatons Creek Gold Project, Pilbara Region, Australia, with an effective date of August 10, 2018 and an issue date of November 20, 2018, prepared for Novo by Leonel Lopez (AIPG- Geol. Eng. QP, SME-RM) of Tetra Tech, Golden, Colorado (the “2018 Technical Report”).  The 2018 Technical Report is available under Novo’s profile on the SEDAR website (www.sedar.com).

Talga Talga:

  • Talga Talga is one of Novo’s East Pilbara assets and is located approximately 110 km north of Beatons Creek. Gold occurs in lode quartz veins hosted by metamorphosed volcanic and sedimentary rocks of the Warrawoona Supergroup, the same rocks that host Calidus Resources Ltd.’s Warrawoona gold project approximately 35 km south of Talga Talga.
  • Recent spot rock chip sampling of veins has returned highly encouraging assay results including grades of 81.4 g/t, 46.9 g/t, 35.1 g/t and 30.0 g/t gold (these grades are not necessarily representative of mineralization at Talga Talga). Of a total of 149 samples, 68 returned grades greater than 0.5 g/t gold and 33 returned grades greater than 5.0 g/t gold.
  • These rock chip results combined with detailed mapping define a corridor of mineralized structures approximately three kilometers long (Figure 2 and Figure 3).
  • An updated geological interpretation will drive further exploration in 2019 anticipated to include a component of diamond drill testing.

Spot rock chip samples from Talga Talga were submitted to Genalysis Laboratory in Perth, Australia.  Given the occurrence of coarse gold on the property, analyses were performed on 1 kg pulverized charges subjected to LeachWell™ technique. Following LeachWell™ analysis, tailings from each sample were rinsed and dried. A 50 gram split was subjected to fire assay with OES-finish. Grades reported in this news release are a mathematical combination of LeachWell™ analyses and residual gold in tails as determined by fire assay. There were no limitations to the verification process and all relevant data was verified.

Dr. Quinton Hennigh, P. Geo., the Company’s, President and Chairman and a qualified person as defined by National Instrument 43-101, has approved and verified the geological content of this news release.

About Novo Resources Corp.

Novo’s focus is to explore and develop gold projects in the Pilbara region of Western Australia, and Novo has built up a significant land package covering approximately 12,000 sq km with varying ownership interests. For more information, please contact Leo Karabelas at (416) 543-3120 or e-mail leo@novoresources.com

On Behalf of the Board of Directors,

Novo Resources Corp.

“Quinton Hennigh”
Quinton Hennigh
President and Chairman

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

Forward-looking information 
Some statements in this news release contain forward-looking information (within the meaning of Canadian securities legislation) including, without limitation, statements as to planned exploration activities and the expected timing of the receipt of results. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, customary risks of the mineral resource industry as well as the performance of services by third parties.

(Figure 1 – Excavation of a 170 tonne bulk sample of gold-bearing lag gravels at Egina. Sand and soil is first stripped off the targeted gravel layer. Yellow material at the base of the bench is weathered sedimentary rock belonging to the Mallina Formation comprising basement in this region. The targeted gravel horizon rests on top of the Mallina Formation and beneath the white line.)

(Figure 2 – Geologic map of the Talga Talga project. Spot rock chip sampling has defined a three kilometer long corridor of mineralized structures extending from McPhee’s Reward in the southwest to NW Australian in the northeast.)

(Figure 3 – Oblique view looking southwest along a three kilometer corridor of mineralized structures extending from NW Australian to McPhee’s Reward. Inset photographs show examples of gold-bearing quartz veins. Dips are generally 35-40 degrees northwest.)

PDFs accompanying this announcement are available at:

http://resource.globenewswire.com/Resource/Download/1a96bcc0-389f-4eda-8a67-421e08cb51e0

http://resource.globenewswire.com/Resource/Download/d6da8e48-7426-4f44-86d4-d195d846d971

http://resource.globenewswire.com/Resource/Download/550a7e5a-b50d-41af-9dcb-c6f56b8f402b

Categories
Precious Metals

RISE GOLD Intersects 149 gpt Gold Over 6.8 meters at Idaho-Maryland

  • 1st drill hole in 52 Vein area assays 149.3 gpt gold over 6.8 m
  • Confirms the 52 Vein area as a significant exploration target
  • Drilling of the Idaho #1 Vein target currently in-progress

Vancouver, British Columbia–(Newsfile Corp. – December 13, 2018) –  Rise Gold Corp. (CSE: RISE)(OTCQB: RYES) (the “Company“) is pleased to announce additional assay results from on-going diamond core drilling at the Idaho-Maryland (“I-M”) Gold Project.

The exploration drill program at the Idaho-Maryland continues to be successful and recent drilling tested several new targets which produced the highest-grade gold intercept to-date.

Very high-grade gold mineralization was encountered in the first hole to test the 52 Vein area. The 52 Vein area lies above the Idaho #1 Vein target and most drill holes are expected to pierce the 52 Vein target en route to the Idaho #1 Vein target.

Drill hole I-18-10 intersected a quartz shear vein and a wide zone of extensional veining. This intersection is interpreted to be a continuation of the 52 Vein where historic mining and exploration were conducted prior to mine shut-down in the 1950’s.

The mineralization in the I-18-10 intercept consists of a quartz shear vein and zones of extensional quartz veins in the hanging wall and footwall of the vein.

  • Hanging wall stringers of the 52 Vein assayed 1.8 gpt gold over 7.6 m.
  • The 52 shear vein assayed 3.2 gpt gold over 6.4 m.
  • An extensional vein in the footwall with visible gold assayed 97.3 gpt gold over 0.5 m.
  • A series of stringers in the footwall of the 52 Vein assayed 149.3 gpt gold over 6.8 m including an extensional vein in the footwall which contained visible gold and assayed 2,190 gpt gold over 0.5 m.

The mineralization encountered in the I-18-10 intercept is similar to mineralization annotated on historic mining maps and detailed in reports produced at the time. The historic operator conducted mining and exploration in the 52-Vein area in both the regular shear veins and zones of extensional veining in both the hanging wall and footwall of the 52 Vein.

The 52 Vein area is a significant exploration target. Historic exploration drifting and mining in 52 Vein mineralization to the east of the I-18-10 intercept and historic drill holes and mining to the north outline a lateral area to be explored of approximately 365 m x 495 m. Further drilling is required to determine the extent and nature of mineralization in the 52 Vein exploration target area. The casing for drill hole I-18-10 was left in-place and further testing in the area of the high-grade intercept can be done efficiently using branch holes in the future.

A summary of drill hole assay results from recent exploration diamond drilling are presented in Table 1 and illustrated in Figure 1. Collar orientation data for the drill holes are detailed in Table 2. A detailed summary of the 52 Vein area is outlined in Section 9.1.2 of the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on the Company website and at www.sedar.com.

Additional drawings showing the 52 Vein drill hole intercepts can be downloaded from the following link.

https://riseg.sharefile.com/d-s32dcc87347e42ffb

TABLE 1 – New Drill Hole Intercept Highlights

Hole From (m) To (m) Gold (gpt) Intercept Length (m) Estimated True Width (m) * Vein
B-18-06 682.8 688.6 2.6 5.8 4.1 B10
B-18-06 766.5 775.5 4.9 9.0 8.2 B41
B-18-07 733.3 736.4 3.0 3.0 2.4 B6
B-18-07 746.5 750.1 4.0 3.7 2.8 B10 HW
B-18-07 757.0 760.8 1.9 6.8 5.4 B10 FW
Z-18-08 No significant mineralization
Z-18-09 309.7 316.4 3.3 6.7 ? Zebra
I-18-10 171.1 174.6 4.7 3.5 ? Zebra
I-18-10 958.0 965.6 1.8 7.6 ? 52 HW “Stringers”
I-18-10 965.6 972.0 3.2 6.4 ? 52 Shear Vein
I-18-10 978.0 978.5 97.3 0.5 ? 52 FW “Stringer”
I-18-10 987.8 994.6 149.3 6.8 ? 52 FW“Stringers”
Including 993.4 993.9 2190 0.5 ?

* Estimated true widths for the B6, B10, & B41 Veins are based on modeling from previous drill intercepts and historic mining. The Company is not able to reliably estimate true widths for the 52 Vein mineralization and for the Zebra Zone until further drilling is completed.

TABLE 2 – Drill hole Orientations at Collar

Hole Depth (m) Azimuth
(degrees)		 Inclination
(degrees)
B-18-06 981 40 -73
B-18-07 807 331 -60
Z-18-08 318 90 -64
Z-18-09 321 80 -64
I-18-10 1025 314 -61

FIGURE 1 – 52 Vein Intercept – Plan View

Cannot view this image? Visit: http://media.zenfs.com/en-US/homerun/newsfile_64/b97b804ae379f85f7ada785b259987fc
Cannot view this image? Visit: http://media.zenfs.com/en-US/homerun/newsfile_64/b97b804ae379f85f7ada785b259987fc

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2255/41641_cfb76bf154553b33_002full.jpg

FIGURE 2 – 52 Vein Intercept – Section View

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Cannot view this image? Visit: http://media.zenfs.com/en-US/homerun/newsfile_64/7cf37664cc39555ff926a4dc9822ae67

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/2255/41641_cfb76bf154553b33_003full.jpg

52 Vein Area

In October 1940, the historic operator completed the deepening of the 30 Winze from the I2000 level to the I2700 level and commenced drifting on the Idaho #2 Vein to the south west. Drifting through mineralization continued beyond the expected limit of the Idaho #2 Vein into the Brunswick “Porphyrite” Block and at the forced wartime shut down in 1942 the company had completed over 400 meters of exploration drifting in continuous mineralization on an apparent new vein structure. The mineralization discovered was unusual as it had never been encountered in this area before and had an unusually flat dip in comparison to the other veins of the mine. The historic operator remarked that the discovery constituted a “wholly new development in the geology of the mine”[1].

After the mine reopened following WWII, the historic operator continued exploration in the area with significant additional mineralization discovered in 1948 showing widths up to 9 meters and assays up to 55 gpt gold. By 1951, the 52 Vein had become one of the most important areas in the mine. Abundant “specimen ore” was reported in addition to the regular gold content of quartz vein mineralization. Reports in 1951 indicate over 1400 oz of gold in “specimen ore” alone was removed from the mine in less than 2 months. Data from train car sampling is available from 1950 – 1952 which show an average diluted mine grade of ~10.6 gpt gold from mining in the 52 Vein area[2][3][4].

The 52 Vein area presented logistical difficulties due to the lack of infrastructure in the area. Moving rock to surface required a 450 m tram along I2700 level to 30 Winze, hoisting via 30 Winze from I2700 to I2000 level, a 1200 m tram on I2000 level to the Idaho shaft, and then hoisting of the ore to surface through the inclined Idaho shaft[5]. The difficulty in moving rock impeded the development of the area and was not resolved until 1954 when a connection was made to the New Brunswick Shaft on B3280 level[6].

Mineralization in the 52 Vein area consists of gently dipping shear veins with substantial extensional veining or “stringer” mineralization in the footwall and hanging wall of the veins. Stoping of the shear veins was undertaken by the historic operators with overlapping stopes and slashing of the adjacent stringer mineralization. The shear veins generally ranged in width from 2 – 3 m but mining widths exceeded 12 m in some areas where adjacent “stringer” mineralization was present. Much drifting was done in the stringer mineralization located in the footwall of the 52 Vein and in the final year of the mine’s operation the 17 cross-cut was driven 110 meters into the footwall of the 52 Vein where it was reported to be well mineralized1.

Drill hole I-18-10 intersected multiple mineralized horizons believed to correlate with the historic 52 Vein area. The intercept shows extensional veins persisting into the footwall of the 52 Vein for a significant distance with some of these veins showing visible gold.

Two historic exploration diamond drill holes are located north of the I-18-10 intercept and assayed up to 16.5 gpt gold over 9.1 m. The historic drill holes were drilled at a poor orientation to the mineralization as they were drilled sub-horizontally into the flat-lying to gently dipping structure. These historic drill holes likely did not pierce the entire 52 Vein mineralized horizon[7].

Historic exploration drifting and mining in 52 Vein mineralization to the east and historic drill holes and mining to the north outline a potential exploration area of approximately 365 m x 495 m. The 52 Vein area has exploration potential in both the shear veins and in areas where extensional veins are sufficiently concentrated to allow bulk mining. Further drilling is required to determine the extent and nature of mineralization in the 52 Vein exploration target area. Many of the drill holes that are planned for testing of the Idaho #1 Vein will also pierce the 52 Vein target area.

Zebra Zone Drilling

Two drill holes, Z-18-08 and Z-18-09, targeted the Zebra Zone target. The Zebra Zone is a unique area of the Brunswick Mine where gold and quartz veins are hosted in a large block of calcareous meta-sediments, historically referred to as “black slates”. Drill hole I-18-10 intersected “Zebra” style mineralization in similar meta-sedimentary rocks. Further drilling is required in this area to determine the orientation of the mineralization and properly test the target. Drill hole Z-18-09 intersected 3.3 gpt gold over 6.7 m and drill hole I-18-10 intersected 4.7 gpt gold over 3.5 m in “Zebra” type host rocks.

Brunswick Zone Drilling

Drill holes B-18-06 and B-18-07 successfully expanded several previously intersected Brunswick veins at depth. (See Rise Gold news releases dated August 7th, July 23rd, June 28th, and January 3rd, 2018)

Drill hole B-18-06 intersected the B41 Vein below the B2300 level, with an intercept of 4.9 gpt gold over 9.0 m and B-18-07 extended the B10 Veins below the B1880 level.

The B41 Vein is believed to be a significant target at the Brunswick Mine due to is exceptional width and increasing grade with proximity to the 6-3 Fault.

The Company’s exploration program is currently focussed on the Idaho #1 Vein target and further drilling of the Brunswick veins will be done in the future.

Drawings showing the Brunswick drill hole intercepts can be downloaded from the following link.

https://riseg.sharefile.com/d-sb5ba2faabf345869

Quality Control and Assay Methods

Richard Lippoth, M.Sc, CPG, the qualified person for the exploration drill results disclosure contained in this news release, has studied the drill core discussed in this news release and has reviewed the analytical and quality control results. Mr. Lippoth has reviewed and approved the scientific and technical contents of this news release.

Benjamin Mossman, P.Eng, CEO of Rise Gold, is the qualified person for the historic production disclosure contained in this news release. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.

Rise has implemented a quality control program for its drill program to ensure best practice in the sampling and analysis of the drill core. This includes the insertion of blind blanks, duplicates and certified standards. HQ- and NQ-sized drill core is saw cut with half of the drill core sampled at intervals based on geological criteria including lithology, visual mineralization, and alteration. The remaining half of the core is stored on-site at the Company’s warehouse in Grass Valley, California. Drill core samples are transported in sealed bags to ALS Minerals analytical assay lab in Reno, Nevada.

All gold assays were obtained using a method of screen fire assaying. This procedure involves screening a large pulverized sample of up to 1 kg at 100 microns. Any +100 micron material remaining on the screen is retained and analyzed in its entirety by fire assay with gravimetric finish and reported as the Au (+) fraction result. The -100 micron fraction is homogenized and two sub-samples of 30-50 grams are analyzed by fire assay with AAS finish. If the grade of the material exceeds 10 gpt the sample is re-assayed using a gravimetric finish. The average of the two results is taken and reported as the Au (-) fraction result. All three values are used in calculating the combined gold content of the plus and minus fractions.

Detailed production information from the internal records of the Idaho Maryland Mine are available for the period from 1926-1955. In general, the Idaho Maryland Mines Co. appears to have been a well-run company with excellent record keeping. The qualified person believes this information is reliable but some of the source documents used by the authors of these documents are not available for reconciliation.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is a past producing gold mine with total past production of 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com. Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman

President, CEO and Director

Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.

Suite 650, 669 Howe Street

Vancouver, BC V6C 0B4

T: 604.260.4577

info@risegoldcorp.com

www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

________________________

[1] Idaho Maryland Mines Co. Geologist Monthly Status Reports (Internal Reports). (1940-1954)

[2] Grass Valley Union. New Vein at Idaho May Go 30 Feet Wide. (Dec 1948)

[3] Los Angeles Times. New Grass Valley Gold Find Shows Vast Promise. (May 1951)

[4] Idaho Maryland Mines Co. Weekly Muck Car Sampling (Internal Records). (Mar 1950 – Dec 1952)

[5] Idaho Maryland Mines Co. Mine Manager Monthly Summary Reports (Internal Reports). (1940-1953)

[6] Clark, Jack. Gold in Quartz: The Legendary Idaho Maryland Mine. (2005) [7] Kulla, Greg (AMEC). Technical Report on the Idaho-Maryland Project. (June 2017)

Categories
Precious Metals

ABEN Provides Final Results from 2018 Drill Program at the Forrest Kerr Gold Project in BC and Provides Update on the Justin Gold Project, Yukon

VANCOUVER, British Columbia, Dec. 13, 2018 (GLOBE NEWSWIRE) — Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (“Aben” or “the Company”) reports analytical results from the remaining holes of the 2018 drill program at the Company’s 100%-controlled 23,000-hectare Forrest Kerr Gold Project. This series of holes (FK18-37à45) focussed on areas immediately adjacent to known high-grade gold horizons and sought to test for an extension of the mineralized area identified at the North Boundary Zone. Results show broad horizons of low-grade gold mineralization punctuated by intermittent intercepts of moderate to high-grade gold-silver-copper-zinc values (see table summary below). Drilling to date has shown that mineralization extends several meters outboard of high-grade precious metal intercepts in subordinate shear structures and vein arrays within a main mineralized core that measures 100m x 200m and remains open at depth.

View Forrest Kerr Drill Hole Cross Sections:
https://www.abenresources.com/projects/photo-gallery/

The greater mineralized area at the Boundary Zone measures 1.5 km x 4.0 km as defined by gold-silver-copper-zinc values in soil, rock and drill core. The area features extensive talus and vegetative cover which serve to conceal prospective precious metal bearing structures with coincident gold in soil and outcrop anomalies. Only a fraction of the prospective targets at the Boundary Zone have been drill-tested to date. Oriented core tooling was utilized for the final phase of the 2018 drill program in order to collect structural data that will help determine the orientation of both the main and subsidiary mineralized structures. The oriented core data, combined with the surface mapping data and a growing subsurface database at the Boundary Zone will assist greatly in planning future targeted drill programs.

Aben Resources completed 9900 meters of NQ drilling in 2018 on a low cost per meter basis. The number of available drill locations was constrained due to a permitting delay by the British Columbia Provincial Government in response to extreme forest fire activity in the area. As a result the last phase of targeted drilling was completed from only 3 pad locations with fan arrays from each set-up. Subsequent to completion of the summer drill program Aben received the much anticipated 5 year Multi-Year Area Based (MYAB) permit, which will allow for more extensive drill programs going forward. The Company maintains a healthy treasury which will allow for an aggressive 2019 exploration program at Forrest Kerr without significant dilution.

Mineralization at Boundary North is structurally controlled and hosted in a package of volcanic and volcaniclastic rocks from the Jurassic Hazelton Group. Several generations of quartz and quartz-carbonate veining are important hosts to mineralization, as are subordinate breccia zones with strong chlorite, hematite and carbonate alteration. The Boundary Zone lies between the Forrest Kerr Fault to the west, a major deep-seated crustal feature, and the unconformable contact between the Jurassic Hazelton Group and the Triassic Stuhini Group to the East. The rock reflects a prolonged history of strong hydrothermal activity combined with brittle deformation. The host package Hazelton is known to be a prolific host to several deposits throughout the region.

Assay Results for Holes FK18-37à45:

Hole ID From (m) To (m) Interval (m) Au (g/t) (average
over interval)
FK18-37 76.00 108.00 32.00 0.12
including 90.00 91.00 1.00 1.39
FK18-38 90.00 253.00 163.00 0.10
including 116.00 117.00 1.00 2.00
FK18-39 119.00 316.00 197.00 0.23
including 201.00 202.00 1.00 14.35
FK18-40 94.00 182.00 88.00 0.39
within 94.00 266.00 172.00 0.22
including 110.00 111.00 1.00 9.23
FK18-41 99.00 238.00 139.00 0.17
including 113.00 131.00 18.00 0.66
including 113.00 114.00 1.00 9.05
FK18-42 NSR
FK18-43 NSR
FK18-44 128.00 166.00 38.00 0.30
including 137.00 138.00 1.00 3.51
FK18-45 200.00 252.00 52.00 0.26
including 226.00 228.00 2.00 3.49

*Intervals are drilled intercepts and not true widths
NSR=no significant results

Golden Triangle, B.C., claims map:
https://www.abenresources.com/site/assets/files/4287/fk-003.jpg

President and CEO Jim Pettit states, “This has been a significant season for us in the Golden Triangle.  We had success early and managed to raise funds and we managed to increase our 2018 drill program to almost 10,000 meters. Granted, we did this with the understanding we would have our Multi Year Area Based Permit in hand, but, because of the extreme fires this summer, that was not to be. We did, however, manage to get a lot of good work done this year and have a tremendous amount of data to analyze to help get ready for next year. As mentioned above, only a fraction of the prospective targets at the Boundary Zone have been drill-tested to date. We also look forward to trenching and channel sampling analytic results coming from the Justin Property in the Yukon any time now and an initial winter drilling program on the Chico Property in Saskatchewan possibly commencing the end of February”.

Analytical and QA/QC Description:

All 1 or 2 meter drill core samples were delivered to ALS Global prep facility in Terrace, British Columbia where they were crushed until 70% passed a 2mm sieve, then a 250g split was pulverized until better than 85% passed a 75 micron screen. Gold was tested via fire assay method Au-ICP21 with all ore-grade samples (>10 g/t) undergoing fire assay with gravimetric finish. ALS performed multi-element ICP-AES package ME-ICP41 in their Vancouver facility to test for 35 other elements. In addition to the quality assurance and quality control program performed by ALS, Aben personnel insert lab certified standards, field blanks and duplicates into the sample stream at the rate of one QA/QC sample in every 10 samples.

Update on the Justin Gold Project, Yukon Territory

Aben Resources has now received all of the finalized analytical data from the field program completed in September 2018 on their 100% owned Justin Gold Property in the Yukon Territory.  The geologic team reported visible gold in trenches and channel samples from quartz stockwork veining in bedrock at the Lost Ace Zone, a gold-bearing zone discovered in 2017. The new mineralization style is interpreted to be orogenic-style quartz-gold veins that bear a strong resemblance to and share similar geologic setting with Golden Predator’s adjacent 3-Aces Property. Previous exploration at Justin has successfully discovered Intrusion related sheeted veins & vein breccias along with gold bearing skarn mineralization. The new discovery at Lost Ace highlights the existence of a multi-phase hydrothermal system with the potential for overprinting mineralizing systems.

Channel sampling at Lost Ace in 2017 returned 1.44 g/t Au over 5m including 4.77 g/t Au over 1.0 m in addition to a bulk soil sample that contained 1135 visible gold grains, the majority of which were termed ‘pristine’ indicating a proximal bedrock source for the gold. Historic drill results from the POW Zone, located 1.5 km southeast of the Lost Ace discovery, indicate a potential for bulk tonnage gold with 46.6 meters grading 1.49 g/t gold in JN12011 and 60.0 meters grading 1.19 g/t gold in JN11009.

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

About Aben Resources:

Aben Resources is a Canadian gold exploration company developing projects in British Columbia’s Golden Triangle, the Yukon, and Saskatchewan.

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

Aben Resources has approx. $5.6 million in its treasury and no debt.

ABEN RESOURCES LTD.

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

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

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

This release includes certain statements that may be deemed to be “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

Categories
Precious Metals

ALLEGIANT Completes North Brown Drilling Program, Nevada

VANCOUVER, British Columbia, Dec. 13, 2018 (GLOBE NEWSWIRE) — Allegiant Gold Ltd. (“ALLEGIANT”) (AUAU:TSX-V) (AUXXF:OTCQX) is pleased to report on the progress of its high-impact discovery drilling campaign.  A total of 6 projects located principally in the world-class gold mining jurisdiction of Nevada are slated for drilling over a 10-12 month period, to approximately June 2019.  Drilling commenced at the Red Hills project in August 2018 and drilling at a third project, North Brown, was recently completed.  Assay results for Hughes Canyon (the second property drilled) and North Brown are expected soon.  Drilling is scheduled to resume at a fourth project early in 2019.

ALLEGIANT completed 2,036 meters of rotary drilling in 11 holes at the North Brown gold project, located on the Battle Mountain Gold Trend in Nevada.  Rocks exposed at North Brown are Paleozoic carbonate and clastic rocks, largely of Devonian age intruded by variably altered Tertiary dikes.  Surface samples at North Brown ranged from nil to 9 g/t Au. Geochemistry and alteration is characteristic of Carlin-type gold mineralization in Nevada.  North Brown is a new prospecting discovery and has not been previously drilled by any companies.

Qualified Person
Andy Wallace is a Certified Professional Geologist (CPG) with the American Institute of Professional Geologists and is a Qualified Person as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.  Mr. Wallace has reviewed and approved the technical content of this press release.

ABOUT ALLEGIANT 
ALLEGIANT owns 100% of 14 highly-prospective drill-ready gold projects in the United States, 11 of which are located in the mining-friendly jurisdiction of Nevada.  Six of the projects are slated for near-term drilling and all offer excellent discovery opportunity.  ALLEGIANT’s flagship Eastside project hosts a large and expanding gold resource, is district scale, and is located in an area of excellent infrastructure. Preliminary metallurgical testing indicates that both oxide and sulphide gold mineralization at Eastside is amenable to heap leaching.

Further information regarding ALLEGIANT can be found at www.allegiantgold.com.

ON BEHALF OF THE BOARD,

Robert F. Giustra
Chairman & CEO

For more information contact:

Investor Relations
(604) 634-0970 or
1-888-818-1364
ir@allegiantgold.com

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

Certain statements and information contained in this press release constitute “forward-looking statements” within the meaning of applicable U.S. securities laws and “forward-looking information” within the meaning of applicable Canadian securities laws, which are referred to collectively as “forward-looking statements”. The United States Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for certain forward-looking statements. Forward-looking statements are statements and information regarding possible events, conditions or results of operations that are based upon assumptions about future economic conditions and courses of action. All statements and information other than statements of historical fact may be forward-looking statements. In some cases, forward-looking statements can be identified by the use of words such as “seek”, “expect”, “anticipate”, “budget”, “plan”, “estimate”, “continue”, “forecast”, “intend”, “believe”, “predict”, “potential”, “target”, “may”, “could”, “would”, “might”, “will” and similar words or phrases (including negative variations) suggesting future outcomes or statements regarding an outlook. Forward-looking statements in this and other press releases include but are not limited to statements and information regarding ALLEGIANT’s drilling and exploration plans and results for its properties, including anticipated timing thereof; and the Eastside project’s resource expansion.  Such forward-looking statements are based on a number of material factors and assumptions and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to differ materially from those anticipated in such forward-looking information. You are cautioned not to place undue reliance on forward-looking statements contained in this press release. Some of the known risks and other factors which could cause actual results to differ materially from those expressed in the forward-looking statements are described in the sections entitled “Risk Factors” in ALLEGIANT’s Listing Application, dated January 24, 2018, as filed with the TSX Venture Exchange and available on SEDAR under ALLEGIANT’s profile at www.sedar.com. Actual results and future events could differ materially from those anticipated in such statements. ALLEGIANT undertakes no obligation to update or revise any forward-looking statements included in this press release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

Categories
Precious Metals

MILES FRANKLIN News

From The Desk Of David Schectman
If one offered investors a fat tail put option that never decays or expires, costs about -1% pa to carry, has no counter party risk & no chance of ever becoming worthless, there would be a line out the door. But when one explains that this option is physical gold… no interest. – JSMineset
For a decade our stock market has gone up and up. All corrections were short-lived and a move to higher levels was always in the cards. In contrast, gold/silver have retreated from their 2011 all-time highs for 7 plus years … either retreating, going sideways, or failing to recover to any meaningful areas and holding them. In general exiting positions in our stock market to enter the precious metals arena has not paid off … with a few exceptions, of course. The point is that should our stock market go into an extended bear market, it is likely to send a wave of investors from the US into the dormant precious metals.
It is not Einstein insight. Should our stock market correct sharply and in a sustained manner, unlike these past many years, it will put a great deal of pressure on the Fed to rethink their interest rate posture. Should they backtrack, especially under pressure from President Trump, the dollar is likely to take a big hit, which will create a hefty tailwind for the precious metals prices. – Bill Murphy
David’s Commentary:
I’ve been around the block a few times. At my age, I have been through the cycles two or three times. It is a fact that history repeats itself, more or less, but checking on stories at Zero Hedge several times a day and reading the newspaper and tuning in on the TV I feel as though it’s been at least 10 years since things were this ominous.
Here are just a few of the headlines On Zero Hedge today: 2020 Presidential Election Will Be The Most Violent In American History; Why Is Every Asset Down in 2018; Nasdaq Plunges Into Red For 2018 – Worst Year In A Decade; Bear Markets Everywhere.` Over Half The World Is Now Down 20% Or More; Chinese Military Official – We Should Attack US Navy Vessels That Violate Chinese Waters; World Markets “In World Of Pain” As Nothing Can Stop Relentless Stock Selling; How To Avoid A New Are In Europe; Russian Stealth Jets To Be Armed With New Hypersonic Missiles; EU ARMY? France Riot Control Vehicles Bearing EU Flag Stoke Fear, Confusion; Japan GDP Tumbles After Biggest CapEx Collapse Since Financial Crisis…. That’s just from one day and it’s that way every day.
Ed Steer’s featured articles today included the following headlines: Dow 10,000 (Bill Bonner); U.S. Consumer Credit Hits All Time High as Credit Card Usage Soars; Credit “Death Spiral” Accelerates as Loan ETF Sees Record Outflow, Primary Market Freezes; Macron’s Defeat in Paris Sounds Alarm for Europe.
I can only imagine what “Ranting Andy Hoffman” would be writing on these pages in his “Horrible Headlines.” I’ve just highlighted a few.
There is an old adage: “Where there’s smoke, there’s fire.” President Trump and Wall Street keep telling us things are great and good times lie ahead. My pessimistic nature tells me, “I don’t think so.”
There is another trend that has been gaining strength in the last couple of years. My head is spinning from all of the offers to get rich I receive in my Email box every day. Every day I receive several recommendations of a stock to buy or a financial strategy that will make me rich. Twenty years ago, I used to try some of the strategies and recommendations.
After losing money on most of them, I no longer pay any attention to any of the recommendations. Sure, one or two may be a worthwhile tips, but most won’t and there is no way to separate the bad advice from the good. Even my daughter told me that she is not buying any stocks now (she is a traditional investor with a financial advisor managing her assets). I suggested that she use a stop-loss strategy on all of her stocks now. I hope she takes my advice.
I want to warn all of our readers that it’s risky to place orders on the Internet.
We don’t take orders from the Internet. Sure, it’s convenient to be able to buy your metals that way, but…. Today we were informed that one of the industries well-known firms, a firm that doesn’t have brokers and does all their business over the Internet, sent out an alert to all of their clients, warning them that they have been hacked. As they pointed out, “nearly all companies in America and around the world are under constant cyberattack and security incidents occur all too often.” They were hacked by a foreign-based entity who demanded an extortion payment, or they would release certain customer information obtained from their system. They determined that their clients name, email address, location and encrypted password were all compromised. Additionally, they learned that the attacker has emailed some customers with attempts to extort them directly through false threats to “wipe out your balance”. The best-case scenario here is that no harm will come to their clients, but they will have to change passwords and closely monitor their accounts. Since we are not on the Internet, we are not vulnerable to this kind of hacking.
How about some uplifting news? Of course, this is just one man’s opinion (guess), I’ll take it.
E.B. Tucker Director, Metalla Royalty & Streaming
2019 will see the start of a new bull cycle for gold and push the metal up to $1,500 an ounce, said E.B. Tucker, director of Metalla Royalty & Streaming.
“To make big money in this market, you have to see the cycles. Nothing changes. We’ve had three big cycles in gold since 2000 and we’re about to have another one,” Tucker told Kitco News.
Tucker said that the next cycle peak could reach $1,900 an ounce, but that won’t happen next year.
“We’re … (read more)
JPMorgan is at it again. Their greed has no limits.
BANK OF FRANCE AND JP MORGAN START GOLD MANIPULATIONTRADING
Macron is now also trying to edge in on the gold trading market for France. This has been the prerogative of London since 1750, but now JP Morgan (who else) has joined up with Banque de France to offer gold swaps, leases and gold deposits for central banks.  Obviously, the purpose is to attack the UK further in relation to Brexit. If they succeed, there will be yet another country that will manipulate the gold market with Morgan’s help. So, more paper gold and more manipulation of the gold market until the whole artificial gold edifice collapses whilst the physical remains as the only money which has ever survived.
“Plus ça change, plus c’est la même chose”!
(The more things change, the more they stay the same.) -Egon von Greyerz
The 200-day moving average for gold sits at 1260.93. Keep an eye on that number. It changes daily, but it is a slow-moving average.
The 200-day number for silver is not on our radar – yet. It sits at 15.56
Here are some interesting comments from Ed Steer…
Nothing has changed out there. The main-stream media is still screaming that all is well, but that is far from the case everywhere one cares to look. The Potemkin village that they’ve been propping up, painting and pointing to for at least the last decade, is coming ever closer to collapsing. Yes, the various and sundry central banks and Plunge Protection Teams have been working overtime to keep up the facade, but it’s equally obvious that more and more people now see it for what it really is.
As I’ve said before — and I’ll repeat myself again here, if the powers-that-be weren’t propping up everything that wanted to crash and burn…equities, bonds and currencies…then the world’s economic, financial monetary systems would be a smoldering ruin by the close of trading next Friday, if not before. And the longer they try to stave off the inevitable, the worse the carnage will be when it finally does happen — and it will happen. It’s just a matter of when — and the day of reckoning gets closer with each passing day.
Now I, along with a lot of others, have been saying the same thing for several years now, but that changes nothing. All it proves is that these powers-that-be have been able to keep the old apple cart up and going around the track for a lot longer than any of us thought possible. The melt-down in all things paper is still coming, regardless.
I still haven’t sold a single share of any precious metal stock that I own, or one ounce of my precious metal holdings — and added to several of my stock positions earlier this year. All of them are now down from when I purchased them, but that doesn’t change my resolve one bit.
Here, once again, is the list of precious metal stocks that I own shares in.
As I’ve pointed out on numerous occasions over the last couple of weeks, including today’s missive, that there’s a buyer for every precious metal stock being sold at these price levels — and it’s a given that they’re now held by the strongest of hands. They won’t be selling them until they make big profits — and probably obscene profits in the process.
Then there’s the last FOMC meeting of the year coming up on December 18 and 19. If the markets melt down before then, or on whatever news comes out of that meeting — and they’re showing all the signs that they just might. Then the rest of December could prove to be historic in every sense of the world.
And finally — and as I mentioned further up in today’s column, unless it gets pushed back — and Ted said that it just might, the DoJ sentencing date for that JPMorgan trader that pleaded guilty to spoofing the precious metal market, is on December 19th as well.
You couldn’t make this stuff up if you tried.
Gold to increase by 22% in 2019. I believe that is a conservative estimate. Check out the indicator below….
Casey Daily Dispatch
The Best Indicator of a Coming Gold Rally
The No. 1 indicator of a coming rally in the gold market is the gold-silver ratio. It measures the number of silver ounces it would take to buy one ounce of gold.
The average reading for the gold-silver ratio back to 2002 is 64. Today, it sits at 85, a record high. Notice in the chart below the extreme highs in this ratio in 2003, 2009, and 2016… all of which signaled a major rally in gold and gold stocks within months.
From 2004-2006, gold rose 85% after this ratio hit 80. From 2008-2011, gold rallied 171%. And in 2016, it rose another 28%.
Gold stocks – as measured by the Philadelphia Stock Exchange Gold and Silver Index (XAU) – did even better… From 2004-2006, gold stocks rose 116%. They rose 256% from 2008-2011. And they jumped another 191% in 2016.
Greg Hunter
In September, money manager Michael Pento warned, “The massive bubble blown by global central banks is unraveling now.” Look at the upheaval in markets and he was clearly correct. Now, Pento sees, “Deflation, say it again, deflation . . . . We are heading for a deflationary/ inflationary depression. That’s what we have been modeled for. That’s why we went short in September. . . . We covered the short just before Thanksgiving, and we went short again last Monday just before the crash.”
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About Miles Franklin
Miles Franklin was founded in January, 1990 by David MILES Schectman. David’s son, Andy Schectman, our CEO, joined Miles Franklin in 1991. Miles Franklin’s primary focus from 1990 through 1998 was the Swiss Annuity and we were one of the two top firms in the industry. In November, 2000, we decided to de-emphasize our focus on off-shore investing and moved primarily into gold and silver, which we felt were about to enter into a long-term bull market cycle. Our timing and our new direction proved to be the right thing to do.
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