Category: Precious Metals

Dolly Varden Silver Announces Issuance of Common Shares for Acquisition of Big Bulk Property Option

Post author By admin
Post date January 9, 2024

Vancouver, British Columbia–(Newsfile Corp. – January 9, 2024) – Dolly Varden Silver Corporation (TSXV: DV) (OTCQX: DOLLF) (the “Company” or “Dolly Varden“) is pleased to announce that, further to its news release dated December 20, 2023, it has completed the issuance of 275,000 common shares of the Company (the “Consideration Shares“) to Libero Copper & Gold Corporation (“Libero“) as consideration for the acquisition by Dolly Varden of an option agreement (the “Option Agreement“) from Libero entitling Dolly Varden to earn-in a 100% undivided interest in the property known to Libero as the Big Bulk Property, comprised of seven mineral claims in the Golden Triangle, British Columbia (the “Acquisition“). In connection with the issuance of the Consideration Shares to Libero, the Company has filed a prospectus supplement to its base shelf prospectus dated April 25, 2023 to qualify the distribution thereof.

In connection with the Acquisition, Dolly Varden also entered into a further amending agreement to the Option Agreement clarifying that Dolly Varden may only elect to issue common shares of the Company to satisfy any option payments under the Option Agreement so long as the deemed price of the common shares at the time is equal to or greater than $0.64, as required by the rules of the TSXV. Whether Dolly Varden chooses to make such payments is cash or common shares is otherwise at the discretion of Dolly Varden.

About Dolly Varden Silver Corporation

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

Forward-Looking Statements

This news release contains statements that constitute “forward-looking statements.” Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.

Forward-looking statements in this news release include, among others, the potential future issuances of common shares of the Company and other statements that are not historical facts. These forward-looking statements are based on management’s current expectations and beliefs and assume, among other things, the receipt of final approval of the Acquisition from the TSXV, use of proceeds of the Acquisition, the adequacy of the Company’s current financial position, the ability of the Company to successfully pursue its current development plans, that future sources of funding will be available to the Company on desirable and permitted terms, that relevant commodity prices will remain at levels that are economically viable for the Company and that the Company will receive relevant permits in a timely manner in order to enable its operations, but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: the risk that the Company may not be able to complete the Acquisition due to failure to receive regulatory approval; the Company may require additional financing from time to time in order to continue its operations which may not be available when needed or on acceptable terms and conditions acceptable; compliance with extensive government regulation; domestic and foreign laws and regulations could adversely affect the Company’s business and results of operations; and the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of the Company’s securities, regardless of its operating performance. The risk factors identified herein are not intended to represent a complete list of factors that could affect the Company. For additional information on risks and uncertainties, see the Company’s annual information form dated April 11, 2023 for the year ended December 31, 2022 and the Company’s base-shelf prospectus dated April 25, 2023, both available on SEDAR+ at www.sedarplus.ca.

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

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.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/193758

Base Metals Junior Mining Precious Metals

Announcing: Rick Rule’s Development Stage & Pre-Production Mining Bootcamp

Post author By admin
Post date January 4, 2024

A Virtual Event | JAN 6, 2024 – 8:00 AM – 4:00 PM (PST)

YOU WON’T FIND IT ANYWHERE ELSE

And certainly not at this price.

Right now, you can attend this exclusive event for 50% off the retail price, for just $99USD ($199 after January 6, 2024)

Dear Investor,

SOMETIMES BORING PAYS BIG BUCKS

A quiz for any of you football fans. Which position group in the National Football League earns the highest salary on average?

That’s easy you say — quarterback? Nope.

Wide receiver? Try again.

Running back? Not even close.

The answer is left tackle (one of the big boring guys up front). Surprised? It’s true. According to Spotrac, the average salary for an NFL left tackle in 2023 was $8,137,061. Quarterbacks, receivers, and running backs (the so-called skill positions) on average earned $5,767,724, $3,244,312, and $2,151,733, respectively.

It’s hard to believe but despite the headline-grabbing sums paid to quarterbacks such as Justin Herbert ($52.5 million per year), when all players, including back-ups and third stringers, are considered, the league paid more on average to left tackles than to quarterbacks. There’s a good reason for this.

Offensive tackles play a vital role; they protect the team’s quarterback from opposing attackers. One missed assignment can result in a negative play or worse — a season- or career-ending injury to a $50 million quarterback.

The risk is too high, so teams gladly pay up. Laremy Tunsil, the highest paid offensive tackle, takes home $20 million per year, which is more than most quarterbacks — and he rarely, if ever, touches the ball.

Sometimes, real value appears where you least expect it.

THE UNSUNG HEROES: FROM DISCOVERY TO MINE

A lot happens between mineral discovery and the first extraction of valuable ore (and the long-awaited cash flow). During this lengthy process, a number of factors, including changing risk factors and capital flows, alter the market value of the project.

Franco-Nevada co-founder Pierre Lassonde captured the general trend in his widely referenced Lassonde Curve.

Mining speculators are naturally drawn to the first hump of the Lassonde Curve, the discovery period, where exploration pays off and excitement reaches its peak. No doubt the profits here can be mind blowing, but speculators face another big opportunity to profit (the second hump), and that is the development / pre-production period.

Like our indispensable left tackle, development-stage companies are the unsung heroes of the game. They engage in what some dismiss as the “boring engineering phase” of development to production (the blocking and tackling, if you will): namely, the financing, engineering, permitting, and construction.

Are you still awake? Yes, it’s boring, yet critical. A misstep at this stage can nullify a decade or more of investment and hard work.

The good news is that at each successive stage, the odds of success improve. Only a small fraction of exploration companies make it this far. The end is in sight!

SURPRISINGLY REWARDING

While many early speculators prefer to cash out following the initial discovery boom, other investors join in. The maturing project, with risk and reward now clearly defined, attracts a different class of investor, including institutions.

These investors aim to profit from the difference between the market value and the net asset value (NAV) of the company. In the optimal case, the market value converges to near 100% of the NAV.

One might think that at this stage of the mineral discovery lifecycle, the prospect for large gains is slim. But that’s not the case according to Lobo Tiggre, founder of The Independent Speculator, and whose firm studied 124 cases going back to the 1980s.

According to Tiggre, these investments often double in value and in some cases deliver 600% returns or higher. Furthermore, 75.4% of all cases delivered positive gains.

At the same time, he is quick to point out that averages are just that — averages. They tell you little about the performance of individual companies. Despite the encouraging numbers, some companies still fail miserably.

His conclusion: Due diligence still matters.

DON’T GO AT IT ALONE — LET RICK BE YOUR GUIDE

Investing in development stage and pre-production companies can be extraordinarily rewarding, but there are risks.

That’s why I created the Rule Bootcamp Series with my partner, renowned natural resource investor Rick Rule.

When it comes to junior resource investing, Rick is the real deal with over 40 years of experience and hundreds of privately placed debt and equity deals under his belt. He has researched and funded companies around the world, including those domiciled in Australia, Canada, Chile, Great Britain, New Zealand, Switzerland, and the United States.

This bootcamp is your opportunity to capitalize on the lifetime’s worth of experience of a celebrated professional.

Among the topics we’ll discuss are:

An overview of developers and pre-production companies
Red flags to watch out for when evaluating potential investments
How to read an NI 43-101 report on a developer or pre-producer
The ‘ten disciplines’ that every investor must understand and review prior to investing
How you can make impressive returns without taking excessive risk
The questions you must ask development-stage mining CEOs before you invest
How Rick Rule selects his own development-stage and pre-production investments

MEET OUR DISTINGUISHED SPEAKER LINEUP

Douglas Silver
CEO, Balfour Holdings, LLC

Douglas has had a diverse career in the mining industry ranging from prospecting geologists to being a founder and portfolio manager for the largest mining private equity fund. He is especially known for his work in mining royalties, having sold his company, International Royalty Corp, for C$745 million as well as a mineral royalty portfolio to Osisko Gold for C$1.1 billion. Mr. Silver is one of only three people to be inducted into both the U.S. and Canadian Mining Halls of Fame.

Nick Michael
VP Technical Services (retired), Orion Resource Partners

Recently retired from Orion Resource Partners where he held the position of VP Technical Services, Nick was involved in the design/construction process as well as technical diligence and independent engineer (for investors) of many mines throughout the globe. He has a working understanding in all disciplines related to mining, proficient in mining, metallurgy, and engineering. This skillset, developed over years of experience and provided insight to efficiently evaluate, engineer, and manage greenfield, brownfield, and operating mines.

Lobo Tiggre
Founder, Louis James, LLC

Lobo Tiggre is the founder, CEO, and principal analyst and editor of Louis James, LLC. He researched and recommended speculative opportunities in Casey Research publications from 2004 to 2018, writing under the name “Louis James” for privacy reasons. While at Casey Research, he learned about the newsletter business from Casey co-founder David Galland, and resource speculation from the legendary speculator Doug Casey himself.

Prior to his work at Casey Research, Mr. Tiggre was a writer and publisher involved in numerous ventures. In 1998, he published his first novel, Y2K: The Millennium Bug. In 2012, he co-authored Doug Casey’s first book in almost two decades, Totally Incorrect. This was followed by another book co-authored with Doug Casey in 2014, Right on the Money. Tiggre has plans for several new books going forward, both fiction and non-fiction.

Louis-Pierre Gignac
President & CEO, G Mining Ventures Corp.

Mr. Gignac has more than 20 years of experience in the mining industry. His expertise includes managing project development studies, providing open-pit expertise, financial modeling, and economic evaluation of projects. He has coordinated many mandates with numerous major mining companies ranging from early exploration evaluations to operations optimization involving all fields of mining and geology. He is a member of the Ordre des Ingénieurs du Québec (“OIQ”) and the Canadian Institute of Mining (“CIM”). He holds a Bachelor of Mining Engineering from McGill University and a Master’s degree of Applied Science in Industrial Engineering from the École Polytechnique de Montréal and is a CFA Charterholder. Mr. Gignac also serves as a director of Major Drilling Group International.

YOU WON’T FIND IT ANYWHERE ELSE

And certainly not at this price.

Right now, you can attend this exclusive event for 50% off the retail price, for just $99USD ($199 after January 6, 2024)

Junior Mining Lion One Metals Precious Metals

Lion One Strengthens Exploration and Operations Teams in Fiji

Post author By admin
Post date January 3, 2024

North Vancouver, British Columbia–(Newsfile Corp. – January 3, 2024) – Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (“Lion One” or the “Company”) is pleased to announce the appointment of Mr. Alex Nichol as Vice President Geology and Exploration and Mr. David Towle as Mill Manager, as well as the hiring of Mr. Melvyn Levrel as Senior Exploration Geologist in Fiji. The Company also announces the retirement of Mr. Sergio Cattalani as Senior Vice President Exploration. Mr Cattalani will remain with Lion One as a Senior Geology Advisor.

Lion One Chairman and CEO Walter Berukoff commented: “As we continue to advance the Tuvatu Gold Project from development towards commercial production we are excited to add key individuals with specialized skill sets to our technical team in Fiji. Together, Alex, David and Melvyn bring over 70 years of experience to the Lion One Team. They are all accomplished veterans with superior leadership skills and extensive experience in their respective fields of expertise; Alex in underground geology and mining, David in mill operations and commissioning, and Melvyn in mineral exploration. We are very fortunate to have them on our team.”

“We are also very fortunate to have benefitted from the leadership and expertise of Sergio Cattalani over the past three years while he led the geology and exploration teams at Tuvatu. Sergio has been instrumental in the success of the project and we look forward to continuing to work with him as he transitions into a new role as Senior Geology Advisor with Lion One.”

Alex Nichol, MAIG – Biography

Mr. Nichol is a mining professional with over 20 years of progressive experience in underground gold, copper, and zinc mining. He has extensive senior operational experience in underground geology, production, and exploration, specializing in mine start-ups and geology systems development and implementation. Prior to joining Lion One, Mr. Nichol was the Geology Superintendent at the Mt. Colin copper-gold mine in Queensland, and before that he was a Senior Underground Mine Geologist at Barrick Gold’s Porgera Joint Venture in Papua New Guinea – an analogue deposit for Tuvatu. He has also held Senior Underground Mine Geologist positions at the Dugald River Mine and the Fossey Mine, as well as a Senior Mine Geologist position at Glencore’s George Fisher Mine near Mount Isa, Queensland. Mr Nichol’s role with Lion One will be to oversee all aspects of the underground development, production, and exploration at Tuvatu, as well as to oversee regional exploration throughout the Navilawa Caldera.

Mr. Nichol holds a Bachelor of Science in Geology from the University of Otago and is a Member of the Australian Institute of Geoscientists (MAIG).

David Towle – Biography

Mr. Towle has over 35 years of experience in mill operations and production, specializing in mill commissioning. He recently worked with IAMGOLD as a Commissioning Specialist responsible for the planning and execution of all commissioning activities at the Cote Gold Project in Ontario. He has managed all aspects of mill construction and start-up from first ore to nameplate production at numerous mines, including Pure Gold Mining’s Madsen Project, Atlantic Gold’s (now St. Barbara’s) Touquay Mine, and Pretium Resources Brucejack Mine. He has held the roles of Mill Manager and Mill Operations Superintendent on multiple occasions and spent 18 years in mill operations at Goldcorp’s (now Newmont’s) Musselwhite Mine.

Mr. Towle has also completed extensive managerial and technical training programs throughout his career, including Goldcorp’s Supervisory Leadership Program, Harvard Management and Mentorship Program, Refinery Leadership Partners Program, and Placer Dome’s Project Management Program. Mr. Towle is an expert in mill start-up and operations and that will be his focus at Lion One.

Melvyn Levrel, MAIG – Biography

Mr. Levrel is an accomplished exploration geologist with 15 years of experience in mineral exploration and mining. He is an expert in Fijian geology and in exploration management in the South Pacific, having spent three years as the Fiji Country Director and Exploration Manager for Alice Queen Limited, and an additional four years managing mineral exploration and geophysics projects throughout Fiji as a Consulting Geologist. He also has six years of experience in exploration and mining in New Caledonia. Mr. Levrel has a wide range of experience in field geology, geophysics, and resource modelling, as well as a unique knowledge of the exploration techniques, history, and regulations in Fiji. As a Senior Exploration Geologist with Lion One, Mr. Levrel will be focused on the advancement of Lion One’s regional exploration targets and prospects throughout the Navilawa Caldera.

Mr. Levrel holds a Masters Degree in Georesources from the Polytechnic Institute of Bordeaux (Bordeaux INP) and a Bachelors Degree in Geology from the University of Brest. He is also a Member of the Australian Institute of Geoscientists (MAIG).

About Lion One Metals Limited
Lion One Metals is an emerging Canadian gold producer based in North Vancouver BC, with new operations established in late 2023 at its 100% owned Tuvatu Alkaline Gold Project in Fiji. The Project comprises the high-grade Tuvatu Gold Deposit, Gold Mine, Pilot Plant, and Assay Lab, with an extensive exploration license area hosting multiple mineralized zones in the surrounding Navilawa Caldera.

As disclosed in its “Technical Report and PEA Update for the Tuvatu Gold Project”, dated April 29, 2022, the 2018 Tuvatu resource estimate comprises 1,007,000 tonnes indicated at 8.50 g/t Au (274,600 oz. Au) and 1,325,000 tonnes inferred at 9.0 g/t Au (384,000 oz. Au) at a cut-off grade of 3.0 g/t Au. The technical report is available on the Lion One website at www.liononemetals.com and under the Lion One profile on the SEDAR+ website at www.sedarplus.ca.

On behalf of the board of Lion One Metals Limited,
Walter Berukoff, Chairman & CEO
Patrick Hickey, Chief Operating Officer

Contact Information
Investor inquiries: info@liononemetals.com
Phone: 1-855-805-1250 (toll free North America)
Website: www.liononemetals.com

Neither the TSX-V nor its Regulation Service Provider accepts responsibility or the adequacy or accuracy of this release

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/193000

Base Metals Emx Royalty Energy Precious Metals Project Generators

EMX Options Its Polymetallic Sagvoll and Meraker Projects in Norway to Lumira Energy Ltd.

Post author By admin
Post date January 3, 2024

Vancouver, British Columbia–(Newsfile Corp. – January 3, 2024) – EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (FSE: 6E9) (the “Company” or “EMX”) is pleased to announce the execution of an option agreement for EMX’s Sagvoll and Meråker projects in Norway (see Figure 1) with Lumira Energy Ltd. (“Lumira“), a private Australian Company. The agreement provides EMX with 2.5% Net Smelter Return (“NSR”) royalty interests, cash and equity payments, work commitments and other considerations. EMX has recently executed another agreement with Lumira for EMX’s Copperhole Creek project in Queensland Australia (see Company News Release dated September 13, 2023). In conjunction with these transactions, Lumira Energy intends to establish a public listing on the Australian Securities Exchange (ASX) in mid-year 2024 via an Initial Public Offering (“IPO”).

The polymetallic Sagvoll and Meråker projects in Norway are positioned along a prolific metallogenic belt in Norway that includes the historic Røros volcanogenic massive sulfide (“VMS”) district. The Meråker project hosts VMS styles of mineralization, while the Sagvoll project contains both VMS and magmatic nickel-copper sulfide targets. Prior to EMX’s involvement, little work had been done on the Meråker project in the past 50 years, and Sagvoll has not seen substantive exploration since Falconbridge Ltd. last conducted exploration there in the early 2000’s. Together with the Copperhole Creek project in Australia, these projects will form a strong “starter portfolio” for Lumira in support of their upcoming IPO.

Commercial Terms Overview: All terms in Australian Dollars (AUD) unless otherwise indicated. Upon execution, Lumira will make a cash payment of $50,000 to EMX. Lumira will vest a 100% interest in the Projects, by granting to EMX:

A 2.5% NSR royalty interest on each project.
Annual advance royalty (“AAR”) payments of $35,000 per project per year commencing upon the second anniversary of the IPO, with the AAR payments escalating by 15% per year until reaching a maximum of $100,000 per year.
Equity payments of $150,000 in shares of Lumira upon completion of the IPO along with the same number of options exercisable at a 50% premium to the IPO price for two years and an additional same number of options exercisable at a 100% premium to the IPO price for three years.
An additional 750,000 shares upon the first anniversary of the IPO.
Milestone payments as follows:
- $250,000 in cash upon completion of a Preliminary Economic Assessment (or equivalent study)
- $500,000 in cash upon completion of a Prefeasibility Study

To maintain its interest in the projects, Lumira will also:

Spend $150,000 in exploration expenditures per project by the first anniversary of execution.
Commit to $650,000 in exploration expenditures by the first anniversary of the IPO with a minimum of $200,000 spent on each project (if both are maintained).
Commit to $750,000 in exploration expenditures by the second anniversary of the IPO with a minimum of $250,000 spent on each project (if both are maintained).
Complete a cumulative of $5,000,000 in exploration expenditures by the 5^th anniversary of execution, with a minimum of $1,200,000 spent on each project (if both are maintained).

Within 72 months of executing the agreement, Lumira will have the right to re-purchase 0.5% of the NSR Royalty on each Project for $1,000,000.

Overviews of the projects. The Sagvoll and Meråker polymetallic projects in Norway are located in the early Paleozoic VMS belt in Norway, which saw numerous districts and mines in operation from the 1600’s through the 1990’s. This metallogenic region represents a tectonically displaced continuation of the Cambrian-Ordovician VMS belts in northeastern North America, which includes the Buchans and Bathurst VMS camps in eastern Canada, and also the Avoca VMS district in Ireland. As such, this represents one of the more prolific VMS belts in the world in terms of total production from its various mining districts, albeit now tectonically displaced and occurring along opposite sides of the Atlantic Ocean.

Sagvoll Project, Caledonian VMS Belt, Southern Norway: The Sagvoll project in southern Norway consists of both VMS and magmatic nickel-copper sulfide mineralization developed along the Caledonian mountain belt. At Sagvoll, mineralization and historic mining areas are positioned along a 13-kilometer trend (see Figure 2). Although multiple historic mines were developed in the area, only limited historical drilling has taken place, most of which were drilled over 100 years ago. Many prospects and mining areas remain untested. The most recent work conducted in the district took place in 2006, when Falconbridge Ltd (later Xstrata PLC) flew airborne geophysical surveys and identified five prioritized nickel-copper targets and 11 VMS targets for further exploration and drill testing. However, the follow-up exploration work was never completed.

EMX has identified several “walk-up” style drill targets based upon the historical and more recent Falconbridge/Xstrata data and will work closely with Lumira to systematically explore the area. EMX explored the Sagvoll project in 2022 and conducted extensive soil sampling campaigns over the VMS trend to identify the continuation of outcropping VMS mineralization at the Akervoll and Malså prospects. The company has further carried out reconnaissance field mapping, review of historical drill core, and lithogeochemical sampling to identify alteration and mineralization zoning patterns. In 2023 the Company focused on the Skjærkerdalen Nickel target and conducted field mapping campaigns to understand the distribution of mineralized mafic intrusions in the area.

Meråker, Caledonian VMS Belt, Southern Norway. Located near the Norwegian city of Trondheim, the 18,600 Ha Meråker project contains multiple historic mines and prospects developed on trends of polymetallic VMS style mineralization (see Figure 3). 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.

The Company and its former partner Norra Metals together with the NGU (Geological Survey of Norway) jointly carried out an airborne EM survey over the Meråker project in 2021. In 2023 EMX carried out reconnaissance mapping and sampling covering various prospects in the Meråker license block with positive base metal results. An extensive soil sampling program, including 4750 samples covered the prospective Fonnfjell, Mannfjell and Lillefjell targets, which warrant follow-up work.

More information on the Project can be found at www.EMXroyalty.com.

Comments on Nearby and Adjacent Properties. The deposits, projects and mines discussed in this news release provide context for EMX’s Project, which occurs in a similar geologic setting, but this is not necessarily indicative that the Project hosts similar quantities, grades or styles of mineralization.

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.

About EMX. EMX is a precious, base and battery metals royalty company. EMX’s investors are provided with discovery, development, and commodity price optionality, while limiting exposure to risks inherent to operating companies. The Company’s common shares are listed on the NYSE American Exchange and TSX Venture Exchange under the symbol “EMX”, and also trade on the Frankfurt exchange under the symbol “6E9”. Please see www.EMXroyalty.com for more information.

For further information contact:

David M. Cole
President and Chief Executive Officer
Phone: (303) 973-8585
Dave@emxroyalty.com

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

Isabel Belger
Investor Relations (Europe)
Phone: +49 178 4909039
IBelger@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 merit 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 September 30, 2023 (the “MD&A”), and the most recently filed Annual Information Form (“AIF”) for the year ended December 31, 2022, actual events may differ materially from current expectations. More information about the Company, including the MD&A, the AIF and financial statements of the Company, is available on SEDAR at www.sedarplus.ca and on the SEC’s EDGAR website at www.sec.gov.

Figure 1. Location Maps of the Projects

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1508/192978_d114cad2e48ee9a7_002full.jpg

Figure 2. Exploration Targets on the Sagvoll Project

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1508/192978_d114cad2e48ee9a7_003full.jpg

Figure 3. Exploration Targets on the Meråker Project

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1508/192978_d114cad2e48ee9a7_004full.jpg

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/192978

Junior Mining Lion One Metals Precious Metals

Lion One Announces USD $8 Million Tranche 2 Draw Down on Nebari Financing Facility

Post author By admin
Post date January 2, 2024

North Vancouver, British Columbia–(Newsfile Corp. – January 2, 2024) – Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (“Lion One” or the “Company”) announces that the Company has entered into an agreement to amend certain terms and drawn down a further USD $8 million of its Senior Secured Financing Facility provided by Nebari Gold Fund 1, LP, Nebari Natural Resources Credit Fund I, LP, and Nebari Natural Resources Credit Fund II, LP (collectively, “Nebari”), previously announced on Jan. 13, 2023. Proceeds from the Financing Facility have facilitated the completion of construction and recent commissioning of the Company’s 100% owned Tuvatu Gold Mine operations in Fiji.

The Company has now drawn down a total of USD $31 million out of USD $35 million available in the Financing Facility. Concurrently with drawing down Tranche 2 under the Financing Facility, the Company amended certain reporting covenants under the facility agreement and agreed to re-price the 15,333,087 warrants (the “Warrants”) issued at a price of CAD $1.49 to CAD $1.15 with the expiry date extended from August 9, 2026 to February 9, 2027. The amendments to the Warrant terms are subject to the approval of the TSX Venture Exchange.

Interest on the first USD $23 million drawn in Tranche 1 of the Facility is 8% (plus three-month SOFR), and amortization is on the Maturity Date 42 months from the original closing date, with no closing fees payable. Tranches 2 (and 3) funding is subject to an 8% original issue discount and interest is 10% plus SOFR, with progressive amortization over 42 months from the Tranche 2 funding date, with closing fees equal to 2% of the amounts funded.

As disclosed in its “Technical Report and PEA Update for the Tuvatu Gold Project” dated April 29, 2022, the 2018 Tuvatu resource estimate comprises 1,007,000 tonnes indicated at 8.50 g/t Au (274,600 oz. Au) and 1,325,000 tonnes inferred at 9.0 g/t Au (384,000 oz. Au) at a cut-off grade of 3.0 g/t Au. The technical report is available on the Lion One website at www.liononemetals.com and under the Lion One profile on the SEDAR+ website at www.sedarplus.ca.

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

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/192995

Base Metals Gold Shore Resources Junior Mining Precious Metals

Goldshore Resources Provides Corporate Update and Equity Grant

Post author By admin
Post date December 28, 2023

Vancouver, British Columbia–(Newsfile Corp. – December 28, 2023) – Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) (“Goldshore” or the “Company“), is pleased to share a corporate update in regards to its ongoing activities.

Corporate Update Highlights:

The Company is completing a Mineral Resource Estimate (“MRE”) update and expects the results of the study to be completed in January 2024.
Goldshore continues to work with its metallurgical consultants on test work for heap leaching the low-grade material from the Moss Gold deposit, using various composites of ore size and grade. The result of the heap leach testing should be completed by the end of H1 2024.
Once the new model, MRE and metallurgical testing are completed, the Company will commence Phase Two of the preliminary economic assessment (“PEA”), in scoping a project (size and scale) that deliver optimum economic results, appreciating the market’s discontent for large scale Cap-Ex projects. Completion of the PEA will be done by the end of August 2024.
The Company hosted a Year in Review conference call with questions and answers from investors and can be viewed on: Media | Goldshore Resources.

Equity Grant to Management and Directors

Goldshore’s Board of Directors (“Board”) granted 3,569,333 incentive stock options (“Options”) and 2,095,332 restricted share units (“RSU”) to the directors, management, officers and consultants of the Company as part of its annual compensation plan. The Options are exercisable at $0.15 per share for a period of five (5) years and vest as follows: 1/3 on May 22, 2024, 1/3 on May 22, 2025 and 1/3 on May 22, 2026. The RSU’s vest 12 months from the date of grant as follows: 1,536,665 on December 11, 2024 and 558,667 on December 22, 2024.

About Goldshore

Goldshore is an emerging junior gold development company and owns 100% of the Moss Gold Project located in Ontario. The Company is well-financed and supported by an industry-leading management group and board of directors, and is well positioned to advance the Moss Gold Project through the next stages of exploration and development.

For More Information – Please Contact:

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

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

Facebook: GoldShoreRes | Twitter: GoldShoreRes | LinkedIn: goldshoreres

This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any U.S. state securities laws, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.

THIS PRESS RELEASE, PROVIDED PURSUANT TO APPLICABLE CANADIAN REQUIREMENTS, IS NOT FOR DISTRIBUTION TO UNITED STATES NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THE OFFERING IN QUESTION HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND THE SECURITIES SOLD IN SUCH OFFERING MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION OR APPLICABLE EXEMPTION FROM REGISTRATION REQUIREMENTS.

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

Cautionary Note Regarding Forward-Looking Statements

This news release contains statements that constitute “forward-looking statements.” Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/192532

Base Metals Diamcor Mining Energy Exclusive Interviews Junior Mining Precious Metals

Diamcor Mining | Diamond Sector Set to Surge 💎

Post author By admin
Post date December 28, 2023

💎 Diamcor Mining 💎: TSX.V: DMI
Website: https://diamcormining.com/
Corporate Deck: https://diamcormining.com/_resources/…
Contact:
Mr. Rich Matthews
rmatthews@integcom.us
+1 (604) 757-7179

Mr. Dean H. Taylor
deant@diamcor.com
1.250.864.3326

About Diamcor 💎: Diamcor Mining Inc. is a publicly traded Canadian company with a proven history of supplying rough diamonds to the world market. Diamcor has established a long-term strategic alliance with world famous luxury retailer Tiffany & Co. and is now in the final stages of developing the Krone-Endora at Venetia Project co-located with De Beer’s flagship Venetia mine.

Tags #Diamcor, #DiamcorMining, #ProvenAndProbable, bob moriarty, Dean Taylor, DeBeers, Diammonds, DMI, dubai, Gem Diamonds, louis vuitton, rick rule, sprott, Tiffany

Base Metals Dolly Varden Silver Energy Junior Mining Precious Metals

Dolly Varden Silver Consolidates Big Bulk Copper-Gold Porphyry Property

Post author By admin
Post date December 20, 2023

Vancouver, British Columbia–(Newsfile Corp. – December 20, 2023) – Dolly Varden Silver Corporation (TSXV: DV) (OTCQX: DOLLF) (the “Company” or “Dolly Varden”) has entered into an assignment and assumption agreement (the “Assignment Agreement”) with Libero Copper & Gold Corporation (“Libero”) pursuant to which Dolly Varden has acquired (the “Acquisition”) from Libero an option agreement (the “Option Agreement”) entitling Dolly Varden, subject to certain conditions, to earn-in a 100% undivided interest in the southern portion of the Big Bulk Project from Libero thus consolidating the entire copper-gold porphyry system. The Libero property, also known as the Big Bulk Property (the “Big Bulk Property”), is comprised of seven mineral claims making up 3,025Ha in the Golden Triangle, British Columbia. Pursuant to the Assignment Agreement, as consideration, the Company has agreed to issue Libero 275,000 common shares of the Company (the “Consideration Shares”).

Agreement Highlights

Consolidation of the Big Bulk copper-gold mineralized calc-alkali porphyry system of the Texas Creek plutonic suite (“Big Bulk”).
Historic data sets will be incorporated into a complete geologic model.
Existing Land Use Agreement and Exploration Permit in place.

“We have been continuing to seek accretive consolidation opportunities in the area and the amalgamation of the southern portion of the Big Bulk copper gold porphyry with Dolly Varden’s portion is our latest step,” said Shawn Khunkhun, President and CEO of Dolly Varden. “In the Golden Triangle, porphyry systems can represent metallogenic feeders to high-grade vein systems, such as the KSM Deposit that occurs adjacent to the Brucejack Mine. Big Bulk may represent a causative mineralized porphyry to the high-grade silver and gold deposits 10 kilometres to the west at the Kitsault Valley Trend.”

About The Big Bulk Porphyry System

Big Bulk is located 20 kilometres north of the town of Kitsault, BC, and is surrounded by Hecla Mining’s Kinskuch project (Figure 1). The Big Bulk porphyry copper-gold system hosts multiple phases of intrusive rocks, hosted in Lower Jurassic-age Hazelton and Triassic-age Stuhini volcanic and sedimentary rocks analogous (Figure 2). Recent work by the British Columbia Geological Survey (“BCGS”) and University of British Columbia (“UBC”) Mineral Deposits Research Unit (“MDRU”) indicate that Big Bulk is the northernmost porphyry of a string of several porphyry mineralized systems of multiple geologic ages that extend 30km south to the New Moly LLC’s Eocene-age Kitsault molybdenum deposit.

The southern portion of the Big Bulk Property was initially explored by Teck and Canadian Empire Minerals from 2001 to 2003. The northern half of the system was drilled by AngloGold in 2009, encountering porphyry-style alteration with copper and gold mineralization associated with quartz chalcopyrite/pyrite stockwork veins.

A new interpretation of the geology based on recent geologic mapping by the BCGS indicates that the target is a much larger calc-alkaline porphyry system tilted on its side with similarities in age and structural setting to the Kerr-Sulpherets-Mitchell (KSM) deposits. The work by UBC-MDRU (2018) places the Big Bulk intrusive along a regional structural trend that hosts numerous porphyry and epigenetic deposits. Within the Big Bulk porphyry system, higher grade mineralization occurs in a discreet mineralized phases that had not been targeted by previous operators.

Libero’s 2021 drill program at Big Bulk tested the new geological model focusing on a quartz-chalcopyrite veined hornblende diorite intrusive phase of the Texas Creek plutonic Suite that was intersected in multiple holes.

The Acquisition

The Acquisition is being completed pursuant to the Assignment Agreement. Dolly Varden has agreed to issue the Consideration Shares to Libero at a deemed value of $0.78 per Consideration Share (being the closing price of the Common Shares on the TSX Venture Exchange (the “TSXV”) on December 15, 2023) for an aggregate consideration of $214,500.

Issuance of the Common Shares remains subject to TSXV approval and other customary conditions and is currently expected to occur on or about December 22, 2023. The Company has agreed to use commercially reasonable efforts to promptly make all filings and take all necessary actions required to effect the Acquisition, including the issuances of the Consideration Shares. The Company intends to file a prospectus supplement to its base shelf prospectus dated April 25, 2023 to qualify the distribution of the Consideration Shares to Libero.

The Option Agreement

In connection with the Acquisition, Dolly Varden also entered into an amending agreement with LCT Holdings Inc., the owner of the Big Bulk Property and optionor under the Option Agreement. The amended Option Agreement provides that Dolly Varden may earn-in a 100% undivided interest in the Big Bulk Property by completing the following payments:

a) $50,000 in cash on or before December 31, 2023;

b) $150,000 in cash on or before December 31, 2024;

c) $250,000 in cash or common shares on or before December 31, 2025;

d) $500,000 in cash or common shares on or before December 31, 2026; and

e) $500,000 in cash or common shares on or before December 31, 2027.

Any common shares issued by Dolly Varden under the Option Agreement, as amended, will be issued at a deemed price equal to the ten day volume weighted average price of the Dolly Varden common shares on the TSXV, subject to minimum pricing rules on the TSXV. The Option Agreement gives Dolly Varden the option to accelerate the payments described above.

Figure 1. Dolly Varden Silver’s Consolidated Big Bulk Project Location, Kitsault Valley, Northwest BC

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1728/191620_d9e86891445c98fc_002full.jpg

Figure 2. Dolly Varden Silver Kitsault Valley and Big Bulk Projects hosted in Jurassic Hazelton Group rocks and Texas Creek age Porphyry Intrusive

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1728/191620_d9e86891445c98fc_003full.jpg

Qualified Person

Rob van Egmond, P.Geo., Vice-President Exploration for Dolly Varden Silver, the “Qualified Person” as defined by NI43-101 has reviewed, validated and approved the scientific and technical information contained in this news release and supervises the ongoing exploration program for Dolly Varden on the Kitsault Valley Project and the Big Bulk Project.

About Dolly Varden Silver Corporation

Forward-Looking Statements

This release may contain forward-looking statements or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including, without limitation, statements containing the words “believe”, “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “potential”, and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Dolly Varden to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward-looking statements or information in this release relates to, among other things, the anticipate closing of the Acquisition, the planned filing of a prospectus supplement, the potential benefits of the Acquisition and other statements that are not historical facts.

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

For additional information on risks and uncertainties, see the Company’s annual information form dated April 11, 2023 for the year ended December 31, 2022 and the Company’s base-shelf prospectus dated April 25, 2023, both available on SEDAR+ at www.sedarplus.ca.

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/191620

Base Metals Energy Junior Mining Precious Metals Project Generators

Riverside Samples 7.30 g/t Gold from Rock Samples Along a 0.8 km Transect Expanding Target Zone at the Cecilia Project in Sonora, Mexico

Post author By admin
Post date December 20, 2023

Vancouver, British Columbia–(Newsfile Corp. – December 20, 2023) – Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) (“Riverside” or the “Company”), is pleased to report on rock sampling and fieldwork from the Cecilia Gold-Silver Project (the “Project”) in Sonora, Mexico. The results fit within the larger context of a district scale gold-silver composite dome system with superimposed gold-rich veins. Past drilling by Riverside intercepted high-grade gold in 4 of the 7 holes and this sampling over new areas, doubles the strike of the defined mineralization footprint This large footprint is consistent with other rhyolite dome gold systems including those in New Mexico like Mogollon and in Sonora like at La India mine of Agnico Eagle.

Key Highlights:

34 rock samples were collected at the primary targets.
22 samples in the main target “Cerro Magallanes” confirming Au grades up 7.3 g/t Au and Ag > 100 g/t.
Five (5) primary structural trends were identified with field data and historic geochemical data reprocessing.
Updated drilling permits, valid for the next several years, have been obtained along with signed agreements for surface access over the targets.

Riverside collected rock chip samples from selective areas along 0.8 km length in the Magallanes Target area that returned gold values in assays up to 7.3 g/t Au and 144 g/t Ag (Figure 1A., Table 1). The sampling confirms the consistent Au grades obtained in past surface workings and diamond core drilling that includes 24.2m @1.51 g/t Au in CED21-005 by the Company. The mapping and exploration activities combined with data reprocessing allows the company geologists to define the main structural trends (Agua Prieta, San Jose, North Breccia, Central and East trends) that are the main mineral corridors (Figure 2). The structural trends are interpreted as the surface expression of a rooted rhyolite dome system where higher grades lie at the base of the hill (Figure 1B). The geochemical data obtained, and the geologic mapping are helpful to refine the geological model for the deposit type and target delineation for the next drill program planned for 2024.

Figure 1. A. Plan view map of the Magallanes Target with some of the new geochemical sampling done recently and the defined structural trends. B. Schematic cross-section interpreting the convergence of the structural trends into the root of a mineralized rhyolite composite dome system (like those found at Yanacocha, Peru and San Julian, Mexico).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6101/191682_riversidefig1.jpg

Table 1: Selected assay results from Riverside’s recent sampling at Cecilia.

Area	East	North	Elevation	Sample Type	Au_g/t	Ag_g/t
Cerro Magallanes	612215	3436934	1779	selected	7.3	144
Cerro Magallanes	611598	3436932	2165	selected	6.18	9.21
Cerro Magallanes	612362	3437066	1711	dump	3.87	38.7
Cerro Magallanes	611469	3436911	2167	chip	2.64	1.33
Cerro Magallanes	611425	3436898	2133	chip	2.08	2.3
Cerro Magallanes	611935	3436954	1936	chip	1.86	12.65
La Cruz	615365	3438484	1431	chip	1.63	3.29

Figure 2. North-looking oblique aerial photograph of the Magallanes Dome Complex with different targets. The dashed red lines indicate the trends that control -mineralization and that are interpreted to be rooted in the central portion of the dome creating the next focused drill targeting.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6101/191682_riversidefig2.jpg

Cecilia Project

The Cecilia project consists of six mineral concessions, collectively covering over 77 sq km (7,739 hectares) in size, thus a large district covered by the Company. The Project is located 40 kilometers southwest of the Agua Prieta border between Mexico and the USA, and 50 kilometers east of Mexico’s largest mining complex, Cananea copper mining complex producing the largest amount of copper in Mexico.

In the Cecilia Project, the rhyolitic tuffs and dome complex units intrude and unconformably overlie a sequence of marine clastic sedimentary rocks consisting of interbedded siltstone and sandstone of the Cretaceous Cabullona Group which hosts gold mineralization in other portions of northern Sonora as well as here at Cecilia. The age of the mineralization obtained by Riverside yielded ca. 18 Ma using U-Pb in zircons in syn-volcanic mineralized rhyolite flow dome in the top of the sequence. This age for mineralization tied to magmatism has also been reported in large Au camps in Arizona (e.g. Oatman area, DeWitt et al.,1986).

Riverside work in the district has developed additional targets including the Cruz 1, Cruz 2, Cruz 3, Casa de Piedra, Los Llanos, and Magallancito targets (Figure 3). These targets represent different levels of exposure and make the Cecilia project a potential district for multiple gold discoveries.

Figure 3. Map of the district by Riverside with areas of clustering with gold mineralization and targets shown. Stratigraphic column with targets in stars for location in the stratigraphy similar to other major rhyolite dome districts where multiple targets in diverse structural settings.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6101/191682_riversidefig3.jpg

Qualified Person & QA/QC:

The scientific and technical data contained in this news release pertaining to the Cecilia Project was reviewed and approved by Julian Manco, P.Geo, a non-independent qualified person to Riverside Resources focusing on the work in Sonora, Mexico, who is responsible for ensuring that the information provided in this news release is accurate and who acts as a “qualified person” under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Rock samples from the exploration program discussed above at Cecilia were taken to the Bureau Veritas Laboratories in Hermosillo, Mexico for fire assaying for gold. The rejects remained with Bureau Veritas in Mexico while the pulps were transported to Bureau Veritas laboratory in Vancouver, BC, Canada for 45 element ICP/ES-MS analysis. A QA/QC program was implemented as part of the sampling procedures for the exploration program. Standard samples were randomly inserted into the sample stream prior to being sent to the laboratory.

About Riverside Resources Inc.:

Riverside is a well-funded exploration company driven by value generation and discovery. The Company has over $6M in cash, no debt, and less than 75M shares outstanding with a strong portfolio of gold-silver and copper assets and royalties in North America. Riverside has extensive experience and knowledge operating in Mexico and Canada and leverages its large database to generate a portfolio of prospective mineral properties. In addition to Riverside’s exploration spending, the Company also strives to diversify risk by securing joint-venture and spin-out partnerships to advance multiple assets simultaneously and create more chances for discovery. Riverside has properties available for option, with information available on the Company’s website at www.rivres.com.

ON BEHALF OF RIVERSIDE RESOURCES INC.

“John-Mark Staude”

Dr. John-Mark Staude, President & CEO

For additional information contact:

John-Mark Staude
President, CEO
Riverside Resources Inc.
info@rivres.com
Phone: (778) 327-6671
Fax: (778) 327-6675
Web: www.rivres.com

Mehran Bagherzadeh
Corporate Communications
Riverside Resources Inc.
Mehran@rivres.com
Phone: (778) 327-6671
TF: (877) RIV-RES1
Web: www.rivres.com

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/191682

Base Metals Emx Royalty Energy Junior Mining Precious Metals Project Generators

EMX Announces Early Repayment of the US$10M Sprott Credit Facility

Post author By admin
Post date December 19, 2023

Vancouver, British Columbia–(Newsfile Corp. – December 19, 2023) – EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (FSE: 6E9) (the “Company” or “EMX“) is pleased to announce the early repayment of US$10 million toward the principal amount of the Senior Secured Credit Facility (the “Sprott Credit Facility”) held by a fund managed by Sprott Resource Lending Corp. The remaining principal amount of US$34.7 million of the Sprott Credit Facility is due to be repaid by December 31, 2024. For additional information related to the Sprott Credit Facility refer to news release dated July 29, 2021, August 17, 2021, October 21, 2021, and January 25, 2022.

For further information contact:

David M. Cole
President and CEO
Phone: (303) 973-8585
Dave@EMXroyalty.com

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

Isabel Belger
Investor Relations (Europe)
Phone: +49 178 4909039
IBelger@EMXroyalty.com

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 merit 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 September 30, 2022 (the “MD&A”), and the most recently filed Annual Information Form (“AIF”) for the year ended December 31, 2021, actual events may differ materially from current expectations. More information about the Company, including the MD&A, the AIF and financial statements of the Company, is available on SEDAR at www.sedarplus.ca and on the SEC’s EDGAR website at www.sec.gov

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/191599

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Category: Precious Metals

Dolly Varden Silver Announces Issuance of Common Shares for Acquisition of Big Bulk Property Option

Announcing: Rick Rule’s Development Stage & Pre-Production Mining Bootcamp

SURPRISINGLY REWARDING

DON’T GO AT IT ALONE — LET RICK BE YOUR GUIDE

Lion One Strengthens Exploration and Operations Teams in Fiji

EMX Options Its Polymetallic Sagvoll and Meraker Projects in Norway to Lumira Energy Ltd.

Lion One Announces USD $8 Million Tranche 2 Draw Down on Nebari Financing Facility

Goldshore Resources Provides Corporate Update and Equity Grant

Diamcor Mining | Diamond Sector Set to Surge 💎

Dolly Varden Silver Consolidates Big Bulk Copper-Gold Porphyry Property

Riverside Samples 7.30 g/t Gold from Rock Samples Along a 0.8 km Transect Expanding Target Zone at the Cecilia Project in Sonora, Mexico

EMX Announces Early Repayment of the US$10M Sprott Credit Facility

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