Category: Precious Metals

Stillwater Critical Minerals Engages SGS Geological Services for an Updated NI 43–101 Mineral Resource Estimate at the Stillwater West PGE-Ni-Cu-Co + Au Project, Montana, USA

Post author By admin
Post date October 25, 2022

VANCOUVER, BC / ACCESSWIRE / October 25, 2022 / Stillwater Critical Minerals (formerly Group Ten Metals) (TSXV:PGE)(OTCQB:PGEZF)(FSE:5D32) (the “Company” or “SWCM”) announces that it has engaged SGS Geological Services (“SGS”) for an updated independent National Instrument 43-101 (“NI 43-101”) mineral resource estimate for its 100%-owned Stillwater West platinum group element, nickel, copper, cobalt, and gold (“PGE-Ni-Cu-Co + Au”) project in Montana, USA.

The Company also provides updates on recently completed field campaigns, the integration of Platreef geologic models, carbon sequestration studies, and other priority objectives.

Highlights

SGS has completed their site visit and is working on an updated NI 43-101-compliant mineral resource estimate at the most advanced target areas at Stillwater West as a priority objective for 2022.
Modelling of the updated resource estimate will be based on results of the 14-hole expansion drilling campaign which were not included in the initial resource in October 2021. Results from the expansion drill campaign demonstrated the impressive scale and grade of mineralization at Stillwater West with multiple drill intercepts of percent level nickel sulphide plus strong copper, cobalt, gold, and Platinum Group Element (“PGE”) values across nine kilometers in wide step-outs from known mineralization at three of the five deposit areas.
The updated resource estimate will be the first to integrate detailed geological insights from similar geology in South Africa’s Platreef district under the direction of Dr. Danie Grobler, who recently joined the team as Vice-President Exploration.
Additional rhodium assay results are pending for inclusion in the updated resource models.
A ground-based gravity geophysical survey covering approximately 15.5 line-km was completed in September 2022 in the Chrome Mountain target area. The survey is a test based on the success of this technique in targeting mineralization in South Africa’s Bushveld complex.
A comprehensive review of the project’s substantial database with targeted core re-logging has been completed to update the Company’s geologic model and integrate the understanding of important controls to mineralization developed in similar geology in the Bushveld. This work, along with channel sampling campaigns also completed in 2022, is expected to drive finalization of the updated resource models and direct future expansion drill campaigns.
The Company is expanding its engagement with the US Geological Service (“USGS”) to include new technical programs in addition to ongoing consultation and data sharing following onsite meetings.
Carbon sequestration studies are ongoing with the University of British Columbia and Carbin Minerals Inc to investigate the potential for carbon capture as part of a potential mining operation at Stillwater West. The Company is also engaging with other US-based research facilities to further explore this potential.

Dr Danie Grobler, Vice-President Exploration, commented, “There is an impressive amount of battery and platinum group metal in the Stillwater system, which is one of the largest in the world. Our collaborative work with the US Geological Survey and other recent academic studies have confirmed that the Stillwater Igneous Complex, including both Stillwater West and Sibanye-Stillwater’s J-M Reef deposit, was deposited as part of the same broad magmatic system. Similar geologic events created South Africa’s Bushveld Igneous Complex, and our recent work in the field has confirmed a number of parallels between Stillwater West and the Platreef district of the Bushveld in particular. This is significant because the Platreef hosts some of the very largest and most profitable critical minerals deposits in the world, including Anglo American’s Mogalakwena mine and Ivanhoe’s Platreef mine. Presently we are focused on fully integrating our understanding of Platreef geology into the Company’s geological model with a view to expanded exploration programs, and this work is well underway. Our summer field programs are now completed and included core relogging, geological mapping, channel sampling, and a focused gravity geophysical survey based on the success of this method in targeting high-grade nickel and copper sulphide mineralization, as well as PGE reef targets, in a similar setting as the Platreef. We look forward to providing further updates in the coming weeks.”

Michael Rowley, President and CEO states, “Stillwater West is a very rare asset, being a district-scale critical minerals project in the western US. The project has percent-level nickel sulphide – plus copper, cobalt, palladium, platinum, rhodium, gold and chromium values – in five deposits across the 12-kilometer-long resource area, which remains open for expansion across a broader 32-kilometer package that is continuously mineralized. In addition, the project is located in a truly world-class district with a long history of critical mineral production, adjacent to mines that are actively producing critical minerals. We continue to see confirmation of a large mineralized system with extraordinary potential to become a strategically significant US-based source of battery metals to meet growing electrification needs while also supplying PGEs for catalytic convertors and increasing fuel cell demand. For the near term, we see significant potential for expansion and are pleased to re-engage SGS for the priority resource modelling work.”

Resource Model Update

The inaugural October 2021 inferred Mineral Resource Estimate (the “2021 Resource”) was prepared by SGS and advanced the Stillwater West project significantly towards its potential to become a world-class source of low-carbon battery, catalytic and precious metals, in the USA.

The potential for resource expansion is driven by the highly successful most recent 14-hole drill campaign, which returned multiple wide and high-grade intercepts in wide step-outs from known mineralization at the three most advanced deposit areas. These 14 holes, which were not included in the 2021 Resource, include:

DR/Hybrid deposit area, Chrome Mountain – Drill hole CM2021-05 returned 13.2 meters of 2.31% Ni, plus 1.51 g/t Pd+Pt+Au+Rh (“4E”), 0.35% Cu, and 0.115% Co, starting at 37.6 meters and within 400.8 meters of continuous battery and precious metal mineralization. High-grade mineralization in this hole is of a type not previously identified in the Stillwater district and appears to be related to 8.5 meters of similar high-grade, high-tenor nickel sulphide returned in hole CM2020-04 approximately 125 meters downdip to the west. See news releases from May 3, 2022, and March 3, 2021.
CZ deposit area, Iron Mountain – Drill hole CZ2021-01 returned 63.7 meters of 0.47% Ni, 0.42 g/t Pd, 0.27% Cu, and 0.04% Co as well as significant Pt and Au values, within 367.6 meters of continuous mineralization. Hole CZ2021-01 was a step-out from hole CZ2019-01 which returned 3.54 meters of 1.53% Ni, 0.49% Cu, 0.099% Co, and 3.45 g/t 4E within 399 meters of continuous mineralization, starting at surface. The CZ deposit benefits from a historic resource and positive preliminary metallurgical work completed by AMAX in the 1970s. The Company is expanding nickel-copper mineralization at CZ by the application of Platreef geologic models. See news releases from December 20, 2021, and January 21, 2020.
HGR deposit, Iron Mountain – Drill hole IM2021-05 returned 7.3 meters of 0.45% Ni, 0.51 g/t 4E, 0.17% Cu and 0.026% Co, including 2.4 meters of 1.55% Ni, 0.85 g/t 4E, 0.17% Cu, and 0.087% Co, within 379.2 meters of continuous battery and precious metal mineralization starting at surface. IM2021-05 was a step-out from hole IM2019-03 which returned 26.8 meters of 0.34% Ni, 0.15% Cu, 0.019% Co, and 1.24 g/t 4E within 272.5 meters of continuous mineralization. See news releases from July 7, 2022, and December 18, 2019.

About SGS Geological Services

SGS Geological Services is known globally as an expert in ore body modelling, and resource and reserve evaluation with over 40 years and 1500 consulting projects of experience providing the mining industry with computer-assisted mineral resource estimation services using cutting edge geostatistical techniques. SGS brings the disciplines of geology, geostatistics and mining engineering together to provide accurate and timely mineral project evaluation solutions. As part of the larger SGS Natural Resources group, they draw upon their massive network of laboratories, metallurgists, process engineers and other professionals to help bring mineral projects to the next level.

Option Grant

The Company announces it has granted 1,540,000 incentive stock options (the “Options”) to Directors and Officers of the Company. The Options are exercisable for up to five years, expiring on October 25, 2027, and each Option will allow the holder to purchase one common share of the Company at a price of $0.175 per share. Options are subject to certain vesting requirements in accordance with the Company’s Long-Term Performance Incentive Plan.

About Stillwater West

Stillwater Critical Minerals is rapidly advancing the Stillwater West PGE-Ni-Cu-Co + Au project towards becoming a world-class source of low-carbon, sulphide-hosted nickel, copper, and cobalt, critical to the electrification movement, as well as key catalytic metals including platinum, palladium and rhodium used in catalytic converters, fuel cells, and the production of green hydrogen. Stillwater West positions SWCM as the second-largest landholder in the Stillwater Complex, with a 100%-owned position adjoining and adjacent to Sibanye-Stillwater’s PGE mines in south-central Montana, USA¹. The Stillwater Complex is recognized as one of the top regions in the world for PGE-Ni-Cu-Co 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. SWCM’s work in the lower Stillwater Complex has demonstrated the presence of large-scale disseminated and high-sulphide battery metals and PGE mineralization, similar to the Platreef in the Bushveld Complex². Drill campaigns by the Company, complemented by a substantial historic drill database, have delineated five deposits of Platreef-style mineralization across a core 12-kilometer span of the project, all of which are open for expansion into adjacent targets. Multiple earlier-stage Platreef-style and reef-type targets are also being advanced across the remainder of the 32-kilometer length of the project based on strong correlations seen in soil and rock geochemistry, geophysical surveys, geologic mapping, and drilling.

About Stillwater Critical Minerals Corp.

Stillwater Critical Minerals (TSXV: PGE | OTCQB: PGEZF) is a mineral exploration company focused on its flagship Stillwater West PGE-Ni-Cu-Co + Au project in the iconic and famously productive Stillwater mining district in Montana, USA. With the recent addition of two renowned Bushveld and Platreef geologists to the team, the Company is well positioned to advance the next phase of large-scale critical mineral supply from this world-class American district, building on past production of nickel, copper, and chromium, and the ongoing production of platinum group and other metals by neighboring Sibanye-Stillwater. The Platreef-style nickel and copper sulphide deposits at Stillwater West contain a compelling suite of critical minerals and are open for expansion along trend and at depth, with an updated NI 43-101 mineral resource update expected in 2022.

Stillwater Critical Minerals also holds the high-grade Black Lake-Drayton Gold project adjacent to Treasury Metals’ development-stage Goliath Gold Complex in northwest Ontario, which is currently under an earn-in agreement with an option to joint venture whereby Heritage Mining may earn up to a 90% interest in the project by completing payments and work on the project. The Company also holds the Kluane PGE-Ni-Cu-Co project on trend with Nickel Creek Platinum‘s Wellgreen deposit in Canada‘s Yukon Territory.

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, brownfield assets in established mining districts adjacent to some of the industry’s highest-grade producers of silver and gold, platinum and palladium, and copper. Member companies include Metallic Minerals in the Yukon’s high-grade Keno Hill silver district and La Plata silver-gold-copper district of Colorado, Granite Creek Copper in the Yukon’s Minto copper district, and Stillwater Critical Minerals in the Stillwater PGM-nickel-copper district of Montana. The founders and team members of the Metallic Group include highly successful explorationists formerly with some of the industry’s leading explorers/developers and major producers. With this expertise, the companies are undertaking a systematic approach to exploration using new models and technologies to facilitate discoveries in these proven, but under-explored, 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.

^{Note 1: References to adjoining properties are for illustrative purposes only and are not necessarily indicative of the exploration potential, extent or nature of mineralization or potential future results of the Company’s projects.}
^{Note 2: 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.}

FOR FURTHER INFORMATION, PLEASE CONTACT:

Michael Rowley, President, CEO & Director
Email: info@criticalminerals.com	Phone: (604) 357 4790
Web: http://criticalminerals.com	Toll Free: (888) 432 0075

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 Stillwater Critical Minerals 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 Stillwater Critical Minerals 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.

SOURCE: Stillwater Critical Minerals

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Tags #InvestingInBatteryMetals, #InvestingInCopper, #JuniorMining, #MauriceJackson, #MilesFranklin, #PGE, #PreciousMetals, #ProvenAndProbable, #StillwaterWest, Greg Johnson, maurice jackson, Metallic Group of Companies, Michael Rowley, PGEZF, proven and probable, Quinton Hennigh, Stillwater Critical Minerals

Base Metals Energy Junior Mining Precious Metals Silver Hammer

Silver Hammer Significantly Expands Mineralized Footprint with Four Primary Target Areas Identified Through Soil Sampling at the Eliza Project in Nevada

Post author By admin
Post date October 25, 2022

Figure 1

Figure 2

VANCOUVER, British Columbia, Oct. 25, 2022 (GLOBE NEWSWIRE) — Silver Hammer Mining Corp. (CSE: HAMR; OTCQB: HAMRF) (the “Company” or “Silver Hammer”) is pleased to report that soil sampling results at the Eliza Project (“Eliza” or the “Project”) have defined significant anomalies that extend well beyond the small historical mine areas.

A total of 518 soil samples were collected from the northern area of Eliza with results ranging from below detection limit to 26.95 grams per tonne (“g/t”) silver (“Ag”). Thirty-nine samples returned grades higher than 1 g/t silver. Results with over 0.5 g/t Ag are highly anomalous and can be considered a tracer of potential larger systems. The purpose of the soil sampling program was to further define the extent of mineralization within the northern area and examine any geochemical patterns that may exist. The soil sampling program has outlined four distinct target areas, which are now being further evaluated. The historic mining areas include the California, Passynak and Belmont mines; a new fourth area, the Western Anomaly will be added to our focus going forward.

President and CEO, Morgan Lekstrom commented: “Our thesis has always been that a methodical and modern exploration approach in districts with small-scale, high-grade historical production can lead to the discovery of much larger mineralized systems. Soil sampling does not typically return silver results greater than 1 g/t, so we are very encouraged not only by the widespread nature of mineralization, but by the highly anomalous values from this program.” Lekstrom added, “This type of low-cost, high-impact exploration work aligns with our current view towards maintaining a strong treasury during the current market environment and we have initiated preliminary discussions with prospective partners on our Nevada assets as we advance these projects toward a drill-ready stage.”

Soil samples are commonly used as a targeting tool to find major discoveries and these results provide evidence supporting the potential for widespread mineralization well beyond the small historical mines dating back to the1860’s Hamilton Silver Rush.

Eliza North Soil Grid
To date, 518 soil samples have been collected from the Eliza North Grid Area, which includes the Passynak, Belmont and California historical mines. The mines are accessible by road and are situated within 670 m of each other. Each mine has a distinct geochemical anomaly collectively stretching over 700 m.

Passynak
The Passynak area is the strongest multi-element anomaly. Significant soil sample results were found over a broad 200 m diameter area. Twelve soil samples show greater than 1 g/t Ag with anomalous copper, lead, antimony, and zinc. Care and attention were given to eliminate any samples collected from past mine dumps or transported surface debris.

Table 1. Sample Result Highlights from Passynak Anomaly

Sample_ID	Silver ICP g/t	Copper ICP g/t	Lead ICP g/t	Antimony ICP g/t	Zinc ICP g/t
PN35339	26.95	23.4	72	9.81	63
PN0000473023	13.95	18.9	42	5.68	83
PN35342	4.88	18.3	36	4.69	76
PN0000473137	4.46	313.7	289	17.39	555
PN0000473125	3.83	301.8	581	38.58	398
PN0000473025	3.66	19.5	25	3.00	86
PN0000473120	3.51	559.3	1223	27.83	1316
PN35314	2.51	153.8	207	14.24	339
PN35336	1.27	14.0	29	2.22	96
PN35333	1.25	204.8	130	9.29	395
PN0000473143	1.22	141.9	138	6.49	299
PN0000473135	1.09	60.3	120	15.74	107

Belmont
The Belmont area is characterized by high silver-in-soil values, plus accessory copper, lead, antimony, and zinc. Further work in this area is required to define the zone and the nature of the mineralization.

Table 2. Sample Result Highlights from Belmont Anomaly

Sample_ID	Silver ICP g/t	Copper ICP g/t	Lead ICP g/t	Antimony ICP g/t	Zinc ICP g/t
PN35258	16.18	21.0	66	7.07	89
PN0000473286	8.03	91.6	171	19.15	157
PN0000473288	1.68	12.5	26	2.54	91
PN35286	1.02	36.2	82	6.02	128

California
The California prospect area is as widespread as Passynak and crosses the Eberhardt Fault on both the north and south. The Eberhardt Fault is considered a main structure and integral to the mineralizing system. Antimony remained fairly consistent; however, gold appeared in minor values in surface soil samples.

Table 3. Sample Result Highlights from California Anomaly

Sample_ID	Silver ICP g/t	Copper ICP g/t	Lead ICP g/t	Gold FA ICP ppb	Zinc ICP g/t
PN35361	15.57	25.7	30	48	87
PN35331	9.31	22.5	47	-3	80
PN0000473259	7.66	17.8	25	15	90
PN35371	4.09	16.8	26	6	95
PN0000473163	4.00	16.2	22	36	98
PN0000473152	2.44	21.9	17	-3	99
PN0000473166	2.35	24.1	19	14	94
PN35330	2.32	15.9	40	5	95
PN35318	1.94	19.1	39	18	131
PN0000473106	1.81	16.1	18	3	54
PN0000473095	1.66	17.8	24	17	112
PN0000473260	1.63	18.4	24	4	99
PN35344	1.51	16.7	23	-3	68
PN35370	1.48	15.6	41	22	89
PN35357	1.38	16.1	48	3	91
PN0000473164	1.20	20.5	15	3	85

New Western Anomaly
Two samples south of the Eberhardt Fault on the west side of the grid reported silver and gold anomalies. This area is on the edge of a wider spaced soil grid, but adjacent to the prospective fault zone and will be investigated further in near future work with prospecting and geochemistry.

Table 4: Sample Result Highlights from New Western Anomaly

Sample_ID	WGS East	WGS North	Silver ICP g/t	Copper ICP g/t	Lead ICP g/t	Gold FA ICP ppb	Zinc ICP g/t
PN0000473397	630525.1	4340803	2.09	26.9	27	0.233	161
PN35264	630304.6	4340950	2.70	21.9	30	0.298	89

Sampling Protocol

Soil samples were collected from the “B Horizon” every 75 metres (“m”) on 75m line spacing and then infilled on a 37.5 m spacing in areas of greater interest. Typical sample depths ranged between 30 and 45 centimetres.

Quality Assurance/Quality Control

Assays were processed by American Assay Laboratories Inc. in Sparks, Nevada. The laboratory has its own QA/QC protocols running standards and blanks with duplicate samples in each batch stream. Silver Hammer geological staff inserted a system of field duplicates, blanks and lab standards into the sample stream every 10 samples to ensure QA/QC of the work. A multi-element assay method was used for silver and all other elements called ICP-5AM48 with an ICP-OES/MS finish and reported in ppm. Gold was assayed by fire assay with an ICP finish and reported down to 3 ppb in method FA-PB30-ICP.

Qualified Person

Technical aspects of this press release have been reviewed and approved by Philip Mulholland, a Certified Professional Geologist (CPG) with the American Institute of Professional Geologists, a contractor of the Company and the designated Qualified Person (QP) under National Instrument 43-101.

About Silver Hammer Mining Corp.

Silver Hammer Mining Corp. is a junior resource company advancing the flagship past-producing Silver Strand Mine in the Coeur d’Alene Mining District in Idaho, USA, as well both the Eliza Silver Project and the Silverton Silver Mine in one of the world’s most prolific mining jurisdictions in Nevada and the Lacy Gold Project in British Columbia, Canada. Silver Hammer’s primary focus is defining and developing silver deposits near past-producing mines that have not been adequately tested. The Company’s portfolio also provides exposure to copper and gold discoveries.

Disclaimer note: Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s projects.

On Behalf of the Board of Silver Hammer Mining Corp.

Morgan Lekstrom, President and CEO
Corporate Office: 551 Howe Street, Vancouver, British Columbia V6C 2C2, Canada

For investor relations inquiries, contact:

Kristina Pillon, High Tide Consulting Corp.
T: 604.908.1695
E: investors@silverhammermining.com

For media inquiries, contact:

Adam Bello, Primoris Group Inc.
T: 416.489.0092
E: media@primorisgroup.com

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

The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/0ba880c8-b9de-40b1-ad2a-7934b0a9af41

https://www.globenewswire.com/NewsRoom/AttachmentNg/41267fb5-1d14-4878-a405-0c537136998f

Tags #Eliza, #HAMR, #InvestingInBatteryMetals, #InvestingInCopper, #JuniorMining, #MauriceJackson, #PreciousMetals, #ProvenAndProbable, maurice jackson, Morgan Lekstrom, proven and probable, Quinton Hennigh, Silver Hammer Mining, Silver Strand Mine

Energy Precious Metals Uncategorized

Silver47 Exploration Drills 7.68m of 1577 g/t Ag within 15m of 907 g/t Ag

Post author By admin
Post date October 24, 2022

October 24, 2022

Silver47 Exploration Corp. (Vancouver) (the “Company”) is pleased to report that it has completed 5 shallow diamond drill core holes at the Silver Matt Discovery on its wholly owned Michelle Project located in north-central Yukon, Canada. All 5 holes intersected oxide-sulphide mineralization. Mineralization was first discovered in the Silver Matt area in 2009 by prospecting, where a grab sample returned 4180 g/t Ag and where a 2015 hand trench yielded 2.8m of 894 g/t Ag, 46.9% Pb and 8.09% Zn. The initial drill discovery at the Silver Matt Target was made in 2021 through RC drilling in hole MCH-21-005 as highlighted below.

Highlights

· Discovery RC hole MCH-21-005 graded 19.8m of 556 g/t Ag, 20.3% Pb, 3.16% Zn, including 7.6m of 824ppm Ag, 28.7% Pb, 1.54% Zn.
· Discovery confirmation core hole MCH-22-002 yielded 15m of 907 g/t Ag, 26% Pb, 2.7% Zn including 7.7m of 1577 g/t Ag, 45% Pb, 4% Zn.

Drilling

Holes MCH-22-001 to MCH-22-003 were completed from the same collar as the 2021 RC holes to test potential down-dip and strike extension from the discovery hole MCH21-005. Holes MCH22-004 and MCH22-005 were collared 50m northwest to test strike extension (results pending).

Hosted in Bouvette Formation limestone and dolostone, mineralization occurs primarily as strongly oxidized material with remnant intervals of massive sulphide, primarily galena. The high-grade intervals are typically surrounded by a gradational alteration halo into fresh carbonates. Karst voids above and within the mineralized zones were noted. Mineralization appears to have a shallow northeast dip to flat-lying with a NW/SE strike orientation observed across the 5 holes drilled in 2022, please see Figure 2 below

Table 1. Drill Highlights from 2022, holes MCH-22-001 to MCH-22-003, Michelle Project.

Assay intervals are unweighted averages and true widths cannot be determined at this time.

Figure 1. General Location Map for the Michelle Project.

MCH-21-005

Initial drilling at the Silver Matt Zone was completed using a Reverse Circulation drilling in late summer of 2021. Oriented to drill under the 2015 trench, hole MCH-21-005 intersected a broad zone of oxide mineralization over 19.8m of 556 g/t Ag, 20.3% Pb, 3.16% Zn, including 7.6m of 824ppm Ag, 28.7% Pb, 1.54% Zn

MCH-21-006

The second hole drilled at Silver Matt in 2021 was drilled vertically from the same collar and intersected 3.04m of oxide mineralization grading 42.25 g/t Ag, 2.4% Pb, and 2.8% Zn at 13.72m depth.

MCH-22-001

The objective of MCH-22-001 was to undercut the RC discovery hole MCH-21-005. MCH-22-001 intercepted high-grade mineralization at a shallower depth than expected, indicating a flat to shallow-dipping lens. An intensely oxidized interval of 4.40m from 21.65m to 26.05m contained up to 2% blebby galena with fine white crystalline precipitate zinc and lead oxides.

MCH22-002 was drilled to twin MCH-21-005 to obtain structural data and better-define the mineralized zone, as hole 22-001 produced unexpected results. The higher resolution data provided by core drilling the RC intercept allowed for readjustment of the following drill hole orientations. MCH-22-002 resulted in similar mineralized widths, but with significantly higher-grade silver, lead and zinc. This can be attributed to the better recovery percentage of core drilling compared to RC drilling, as well as more control on sampling intervals in the logging process. Up to 7% metallic sulphides, with lead-zinc precipitates were observed through the 7.68m interval.

Figure 2. Cross Section of the Silver Matt Zone, Michelle Project.

Figure 3. Galena mineralization with pervasive oxidation at 39m in MCH-22-002.

Figure 4. Galena mineralization with pervasive oxidation at 41m in hole MCH-22-002.

MCH-22-003

MCH-22-003 was oriented to test the NW/SE proposed strike trend, and intersected 9.4m of high-grade mineralization including 1.05m of 1395 g/t Ag, 51.47% Pb (final values pending), 12.25% Zn at 30m – 31.05m. Hole 3 confirmed the strike orientation and shallow-dip of the mineralized lens.

Table 2. 2021 RC and 2022 DDH collar table.

Easting and northing in meters, NAD 1983 Zone 8.

Geochemical Sampling

Concurrent to drilling operations, a property-wide surface sample and trenching program was carried out on high-priority targets. A total of 754 soil samples and 92 rock samples (including trenches) were collected. All trenches were hand-dug and reclaimed prior to the end of the program. Notably, a trench dug approximately 500m NW of the Silver Matt drill holes reported two 2-meter contiguous samples grading 423 g/t Ag and 247 g/t Ag, with +10% Pb, indicating a significant potential strike extension of the mineralized trend.

Silver Matt Target

Trench TR22-01 was dug approximately 500m northwest, and on strike, to the Silver Matt showing produced two 2m composite samples of 423 g/t Ag, 11.9% Pb, 1.6% Zn; and 247 g/t Ag, 14.5% Pb and 0.76% Zn from 2.3m-4.3m and 4.3m-6.4m, respectively. A rock grab sample taken 50m north of this trench graded 226 g/t Ag, 15.8% Pb, 2.1% Zn. Additional samples indicated anomalous zinc concentrations northeast and east of the known mineralization.

Heeler Target

Located 10km east of the Silver Matt Zone, 5 trenches were completed at the Heeler showing, following up a 2015 high-grade sample. Trench TR22-03 contained two samples (1m-1.6m, and 2.85-2.95) with 14.5 g/t Ag, 2.1% Pb, 1.5% Zn; and 22.9 g/t Ag, 1.5% Pb, 1.6% Zn. Both samples also contained anomalous values of critical minerals returning 303ppm chromium, 3400ppm copper, 208ppm gallium, 1940ppm nickel, 936ppm antimony and 4980ppm vanadium.

Two anomalous zinc samples were taken while prospecting east of the Heeler Target. Sample E814060 graded 2.18% Zn and sample E814531 graded 3.6% Zn, 0.6% Pb, and 5.76 g/t Ag.

Soil/talus-fines sampling in the Heeler area was inconclusive with several point anomalies for silver, lead, and zinc. Further prospecting of this showing is warranted given the concentration of critical minerals.

Nanny/Boxer Target

Historic trenching and prospecting at these showings, 21km northeast from the Silver Matt Zone, produced several anomalies for 2022 follow up. Soil/talus-fines sampling along contours and ridgelines in this target area resulted in three high-priority anomalies for silver, lead, zinc, barium, gallium, and vanadium. Trenches TR-22-09 and TR-22-10 contained significant intervals of silver, lead and zinc mineralization. TR-22-09 exposed two non-continuous intervals (trench filled with talus from 4.8m to 8.5m); 0-4.8m graded 2 g/t Ag, 0.1% Pb and 11.9% Zn over 4.8m and 10.2-16.1m graded 7.8 g/t Ag, 0.62% Pb and 7.9% Zn over 5.9m. Both intervals contained anomalous values of cadmium and gallium. TR-22-10 exposed a 9.5m interval of 103 g/t Ag, 8.1% Pb, and 4.2% Zn, including 3mof 355 g/t Ag, 24.5% Pb, 6.2% Zn. Two samples were collected while prospecting the Nanny/Boxer target area with >20% Zn and anomalous silver, lead, cadmium, and antimony concentrations.

Figure 5. Silver Geochemical Map, Michelle Project.

Map

Description automatically generated

QAQC

Quality assurance and quality control protocols for rock, soil and drill core sampling follow industry standard practices. Rock and soil samples were delivered directly to ALS Minerals preparation facility in Whitehorse, Yukon. Core samples were taken at 1.0m intervals in mineralized zones, and 3.0m intervals in unaltered, fresh host rock. Blank, duplicate (coarse and lab pulp), and certified reference materials were inserted into the sample stream every 8^th sample. Core samples were cut in half, bagged, sealed and delivered to ALS Minerals preparation facility in Whitehorse, Yukon. ALS Minerals Laboratories is registered to ISO 9001:2008 and ISO 17025 accreditations for laboratory procedures. Rock and core samples were analyzed at ALS Laboratory facilities in North Vancouver using four acid digestion with an ICP-MS finish. Over limits for Ag, Pb, and Zn were analyzed using Ore Grade four acid digestion. Silver values >1,500ppm were analyzed using fire assay with gravimetric finish. Lead >20% and Zinc >30% were analyzed using titration methods. The standards, certified reference materials were acquired from CDN Resource Laboratories Ltd. of Langley, British Columbia and selected to represent expected mineralization. Blank material consisted of non-mineralized limestone landscaping rock.

About the Michelle Property

Silver47 acquired the Michelle project from Silver Range Resources 100% by issuing 5,650,000 shares (16.8%) of Silver47. Silver Range retains a 1% NSR on the Michelle project and is entitled to receive a one-time payment of $1 million if a positive production decision is made on a resource of not less than 80 million ounces of silver as outlined in a feasibility study on the Michelle project. Silver47 holds a ROFR on the sale of the NSR.

Covering 15,900 hectares, the Michelle Project is located in north-central Yukon, 130km north-northeast of Dawson City, YT. First discovered in 1973, exploration has identified 20 named showings with limited drilling defining 3 mineralized zones. Silver, lead, zinc and a number of critical metals are known to occur within oxide and sulphide mineralization of the Bouvette Formation carbonates across the property. Mineralization style is yet to be defined, with showings exhibiting characteristics of Mississippi Valley Type, Carbonate Replacement, within the broader classification of SEDEX deposits. The Michelle Property is considered an early-stage exploration project, with further property-scale sampling and targeted drilling planned, pending a class 3 permit.

Mr. Alex S. Wallis, P.Geo., is Vice President of Exploration for the Company who is a qualified person as defined by National Instrument 43-101. Mr. Wallis has verified the data disclosed in this press release, including the sampling, analytical and test data underlying the information and has approved the technical information in this press release.

Alex Wallis, P.Geo., VP Exploration
(250) 505-6454
awallis@silver47.ca

About Silver47 Exploration Corp.

Silver47 is a private Canadian exploration company focused on advancing its critical minerals project in the Yukon Territory.

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain “forward-looking information” under applicable Canadian securities legislation. Forward-looking information involves risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes the completion of the pending assays, characteristics of the mineralized lens and mineralized trend, anomalous zinc concentrations in the Silver Matt Target, and further prospecting of the Heeler Target. Forward-looking information is necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking information. Accordingly, the forward-looking information discussed in this release, may not occur and could differ materially as a result of these known and unknown risk factors and uncertainties affecting the Company. Although the Company believes that the assumptions and factors used in preparing the forward-looking information are reasonable, undue reliance should not be placed on this information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise.

Tags #InvestingInBatteryMetals, #InvestingInCopper, #JuniorMining, #MauriceJackson, #MilesFranklin, #PreciousMetals, #ProvenAndProbable, Gary Thompson, High Grade Silver, maurice jackson, Michelle Project, proven and probable, Quinton Hennigh, Silver47

Junior Mining Precious Metals Silver Bullet Mines Uncategorized

Silver Bullet Mines Financing for High-Grade Gold and PGMs

Post author By admin
Post date October 21, 2022

Burlington, Ontario–(Newsfile Corp. – October 21, 2022) – On September 26, 2022 Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) (‘SBMI’ or ‘the Company’) disclosed it had found significant levels of palladium, platinum, rhodium, osmium and gold in its concentrate. On October 18, 2022 SBMI announced a second round of assay results proving up the palladium, platinum, rhodium, osmium and gold in representative mineralized material from its Buckeye Silver Mine near Globe, Arizona.

To allow SBMI to exploit the palladium, platinum, rhodium, osmium and gold, in addition to the original silver targets, SBMI announces its intention to carry out a non-brokered financing of Units. Each Unit will be priced at $0.20 (twenty cents) and will comprise of one common share and one full 30-cent (thirty cents) warrant with a 24-month term, with each such warrant being exercisable into a common share (the “Financing”).

The target amount for the Financing will be $600,000 (six hundred thousand dollars), with the number of Units to issue as a result of the Financing being 3,000,000. Units will be allocated on a first come, first served basis although SBMI retains the right to accept, reject or modify subscription agreements as it sees fit. The Financing is subject to regulatory approval.

SBMI currently owns a gravity mill near Globe, Arizona that is fully functional for the extraction of silver. The use of proceeds from the Financing will be to determine what equipment will be required to augment that mill’s capabilities to also extract the other elements mentioned above. All of the existing mill will be retained. Other proceeds from the Financing will be for working capital.

For further information, please contact:

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

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

Cautionary and Forward-Looking Statements

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/141309

Tags #BuckeyeMine, #InvestingInBatteryMetals, #InvestingInCopper, #JuniorMining, #MauriceJackson, #MilesFranklin, #PreciousMetals, #ProvenAndProbable, #SBMI, John Carter, maurice jackson, proven and probable, Quinton Hennigh, Silver Bullet Mines

Base Metals Energy Junior Mining Precious Metals Rover Metals

Rover Metals Applies for Share Consolidation

Post author By admin
Post date October 20, 2022

VANCOUVER, British Columbia, Oct. 20, 2022 (GLOBE NEWSWIRE) — Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FSE:4XO) (“Rover” or the “Company”) announces that it is applying to the TSX Venture Exchange (the “TSXV”) to consolidate its outstanding common shares (the “Common Shares”) on the basis of one (1) post-consolidation Common Share for each six (6) pre-consolidation Common Shares (the “Consolidation”). The Company currently has 157,585,212 Common Shares issued and outstanding and following the completion of the Consolidation will have approximately 26,264,202 Common Shares issued and outstanding.

CORPORATE PRESENTATION < CLICK HERE >

FACT SHEET < CLICK HERE >

No fractional Common Shares will be issued as a result of the Consolidation. Each fractional Common Share following the Consolidation that is less than one-half of a share will be cancelled and each fractional Common Shares that is at least one-half of a share will be rounded up to the nearest whole Common Shares. No cash consideration will be paid in respect of fractional Common Shares. All options and warrants outstanding will reflect the change in accordance with the Consolidation. Registered holders of Common Shares will receive a letter of transmittal from Computershare investor Services inc. with instructions on how to exchange existing share certificates for new post-Consolidation share certificate.

The Consolidation remains subject to acceptance by the TSXV. The Common Shares are expected to begin trading on the TSXV on a post-share Consolidation basis within two or three business days following the date when the TSXV issues its final bulletin approving the Consolidation. The Company will issue an updating news release once such approval has been obtained.

There will be no name change and no ticker symbol change in connection with the Consolidation and shareholder approval is not required.

Judson Culter, CEO at Rover Metals, states “a consolidation of our Company’s securities is necessary to position Rover for growth and success with our new critical mineral projects. Both the Let’s Go Lithium Project, and the IML Zinc-Copper Project require Phase 1 and Phase 2 Exploration Programs. Additionally, the Company’s existing gold projects require expanded Phase 2 Exploration Programs. Management and the Directors of the Company believe that the timing is right for a consolidation as the Company will need to finance future exploration at all of its mineral resource projects.”

About Rover Metals
Rover is a publicly traded junior mining company that trades on the TSXV under symbol ROVR, on the OTCQB under symbol ROVMF, and on the FSE under symbol 4XO. The Company is now developing a diverse portfolio of mineral resource projects: (1) Nevada Claystone Lithium; (2) Zinc-Copper-Lead-Silver in NT, Canada; as well as (3) Gold in NT, Canada. The Company is exclusive to the mining jurisdictions of Canada and the U.S.

You can follow Rover on its social media channels:
Twitter: https://twitter.com/rovermetals
LinkedIn: https://www.linkedin.com/company/rover-metals/
Facebook: https://www.facebook.com/RoverMetals/
for daily company updates and industry news, and
YouTube: https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriber
for corporate videos.
Website: https://www.rovermetals.com/

ON BEHALF OF THE BOARD OF DIRECTORS
“Judson Culter”
Chief Executive Officer and Director

For further information, please contact:
Email: info@rovermetals.com
Phone: +1 (778) 754-2617

Statement Regarding Forward-Looking Information
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 Rover’s actual results, performance or achievements, or developments in the industry 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. There can be no assurance that such statements prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Rover’s expectations. Rover undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

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. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.

Tags #InvestingInBatteryMetals, #JuniorMining, #MauriceJackson, #PreciousMetals, #ProvenAndProbable, proven and probable, Rover Metals, ROVR

Junior Mining Labrador Gold Precious Metals

Labrador Gold Intersects 30.67 g/t Au over 1.1 Metres at North End of Big Vein

Post author By admin
Post date October 20, 2022

Figure 1.

Figure 2.

Figure 3.

Plan map of Kingsway Gold occurrences showing latest drill intersections.

TORONTO, Oct. 20, 2022 (GLOBE NEWSWIRE) — Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce results from recent drilling targeting the prospective Appleton Fault Zone over a 12km strike length. The drilling is part of the Company’s ongoing 100,000 metre diamond drilling program at its 100% owned Kingsway Project.

https://embed.fireplace.yahoo.com/embed?ctrl=Monalixa&m_id=monalixa&m_mode=document&site=sports&os=android&pageContext=%257B%2522ctopid%2522%253A%25221542500%253B1577000%2522%252C%2522hashtag%2522%253A%25221542500%253B1577000%2522%252C%2522wiki_topics%2522%253A%2522Intersection_(road)%253BFault_(geology)%253BLabrador%253BMetre%253BNewfoundland_and_Labrador%253BGold%253BCompany%2522%252C%2522lmsid%2522%253A%2522a0770000002m0AbAAI%2522%252C%2522revsp%2522%253A%2522globenewswire.com%2522%252C%2522lpstaid%2522%253A%252286a5e179-5489-37b7-94fd-4248b510f16f%2522%252C%2522pageContentType%2522%253A%2522story%2522%257D

Highlights of the drilling include an intersection of 30.67 g/t Au over 1.1 metres from 208.85 metres that included 99.31 g/t Au over 0. 3 metres in Hole K-22-190 from the north end of Big Vein. The intersection is approximately 75 metres north of the discovery outcrop and is downdip of Hole K-22-177 that intersected the longest interval yet of 2.02g/t Au over 32m (see news release dated October 7, 2022). Also at Big Vein, Hole K-22-194 intersected 1.27 g/t Au over 6.17 metres from 115 metres that included 2.3 g/t Au over 3m. At Big Vein Southwest, Hole K-22-184 intersected 4.67 g/t over 1.64m from 336.25m that included 8.97 g/t over 0.75m.

“We continue to have drilling success at the north end of Big Vein where several significant intercepts have now been received, including 6.07 g/t Au over 19m in hole K-21-111 and 2.02 g/t over 32m in Hole K-22-177 and now 30.67g/t Au in Hole K-22-190,” said Roger Moss, President and CEO. “The down dip mineralization in K-22-190 shows the high-grade prospectivity of this area which we are currently following up. Big Vein has been drilled over a strike length of approximately 520 metres and remains open both to the northeast and southwest. Two drill rigs are currently drilling at Big Vein to test for extensions of the mineralization in both directions.”

Hole ID	From (m)	To (m)	Interval (m)	Au (g/t)	Zone
K-22-194	20	21	1	1.05	Big Vein
	24	25	1	1.04
	115	121.17	6.17	1.27
including	115	118	3	2.30
	265	268	3	1.52
K-22-192	nsv				Golden Glove
K-22-191	nsv				CSAMT
K-22-190	21.65	22	0.35	1.00	Big Vein
	124	125	1	1.15
	199.7	200	0.3	2.31
	208.85	209.95	1.1	30.67
including	209.65	209.95	0.3	99.31
	233.5	235	1.5	1.10
	248	249	1	1.03
	310.45	311	0.55	4.19
K-22-186	nsv				CSAMT
K-22-184	333	338.59	5.59	1.47	Big Vein SW
including	336.25	337.89	1.64	4.67
including	336.25	337	0.75	8.97

Table 1. Summary of assay results. All intersections are downhole length as there is insufficient Information to calculate true width.

A total of 58,265 metres have been drilled to date out of the planned 100,000 metre program. Assays are pending for samples from approximately 3,100 metres of core (11.5% of the total submitted).

The Company has $21 million in cash and is well funded to carry out the remaining 42,000 metres of the planned drill program as well as further target generation on the property.

Hole ID	Easting	Northing	Elevation (m)	Azimuth	Dip	Total Depth (m)
K-22-194	661594	5435327	45.7	145	60	704.0
K-22-192	660700	5432008	33.5	250	45	599.0
K-22-191	666547.1	5443543	46.833	140	45	371.5
K-22-190	661594	5435327	45.7	145	55	668.2
K-22-186	666538	5443539	38.6	310	65	320.0
K-22-184	661343.9	5434916	44.481	130	45	428.0

Table 2. Drill hole collar details

Figure 1. Plan Map of Big Vein Target.
https://www.globenewswire.com/NewsRoom/AttachmentNg/7412e031-b8c1-4ea8-aca7-6a2b5dc176b9

Figure 2. Big Vein Long Section.
https://www.globenewswire.com/NewsRoom/AttachmentNg/9a02780d-1ecb-41df-9aff-cf6b4c2075a6

Figure 3. Plan map of Kingsway Gold occurrences showing latest drill intersections.
https://www.globenewswire.com/NewsRoom/AttachmentNg/edc6fda6-b226-4f7f-b743-c2b47c938681

QA/QC

True widths of the reported intersections have yet to be calculated. Assays are uncut. Samples of HQ split core are securely stored prior to shipping to Eastern Analytical Laboratory in Springdale, Newfoundland for assay. Eastern Analytical is an ISO/IEC17025 accredited laboratory. Samples are routinely analyzed for gold by standard 30g fire assay with atomic absorption finish as well as by ICP-OES for an additional 34 elements. Samples containing visible gold are assayed by metallic screen/fire assay, as are any samples with fire assay results greater than 1g/t Au. The company submits blanks and certified reference standards at a rate of approximately 5% of the total samples in each batch.

Qualified Person

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

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

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

Labrador Gold’s flagship property is the 100% owned Kingsway project in the Gander area of Newfoundland. The three licenses comprising the Kingsway project cover approximately 12km of the Appleton Fault Zone which is associated with gold occurrences in the region, including those of New Found Gold immediately to the south of Kingsway. Infrastructure in the area is excellent located just 18km from the town of Gander with road access to the project, nearby electricity and abundant local water. LabGold is drilling a projected 100,000 metres targeting high-grade epizonal gold mineralization along the Appleton Fault Zone with encouraging results. The Company has approximately $21 million in working capital and is well funded to carry out the planned program.

The Hopedale property covers much of the Florence Lake greenstone belt that stretches over 60 km. The belt is typical of greenstone belts around the world but has been underexplored by comparison. Work to date by Labrador Gold show gold anomalies in rocks, soils and lake sediments over a 3 kilometre section of the northern portion of the Florence Lake greenstone belt in the vicinity of the known Thurber Dog gold showing where grab samples assayed up to 7.8g/t gold. In addition, anomalous gold in soil and lake sediment samples occur over approximately 40 km along the southern section of the greenstone belt (see news release dated January 25^th 2018 for more details). Labrador Gold now controls approximately 40km strike length of the Florence Lake Greenstone Belt.

The Company has 169,189,979 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.

For more information please contact:
Roger Moss, President and CEO Tel: 416-704-8291

Or visit our website at: www.labradorgold.com

Twitter @LabGoldCorp

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

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

Tags #BigVein, #InvestingInBatteryMetals, #InvestingInCopper, #JuniorMining, #KingswayProject, #LAB, #LabradorGold, #MauriceJackson, #MilesFranklin, #PreciousMetals, #ProvenAndProbable, maurice jackson, proven and probable, Quinton Hennigh

Base Metals Breaking Energy Junior Mining Precious Metals Silver Bullet Mines

Silver Bullet Mines Continues to Assay for High-Grade Gold and PGMs

Post author By admin
Post date October 18, 2022

Burlington, Ontario–(Newsfile Corp. – October 18, 2022) – On September 26, 2022, Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) (‘SBMI’ or ‘the Company’) disclosed it had found significant levels of palladium, platinum, rhodium, osmium and gold in its concentrate.

To help identify with greater precision the location of the source of the platinum, palladium, rhodium, osmium and gold, SBMI recently took samples directly from locations around the Buckeye Silver Mine and the Company’s mill site, including from crushed material, directly from the vein, from diabase samples from the wall rock and from tailings from the run of lower grade material. The location from which those samples were taken and their assay results are below:

Assay Results are in Grams per Tonne

Sample ID	Au	Pd	Pt	Rh	Ir	Ru	Os

Diabase	1	14.3	23.7	0.246	0.193	0.151	nd	0.415
	2	22.3	18.9	0.172	0.076	nd	nd	0.333
	3	8.17	15.9	0.093	0.083	nd	nd	nd
	4	22.3	18.2	0.097	0.072	nd	nd	nd


Crushed ore 1	15.1	9.07	nd	0.157	nd	0.949	0.08
	2	23.2	11.6	0.064	0.17	nd	0.731	0.063
	3	34.1	16.2	0.15	0.115	0.111	0.259	0.129
	4	16.2	16.4	0.127	0.118	0.083	nd	0.097
	5	37.9	15.6	0.107	0.058	0.278	0.18	0.053
	6	26.6	17.9	0.127	0.085	0.08	nd	nd
	7	25.5	12.1	0.085	0.052	nd	0.265	nd
	8	23.9	13.7	0.106	0.069	nd	nd	nd

Head ore	1	18.8	13.5	0.093	0.062	nd	nd	nd
	2	21.9	11.7	0.06	nd	nd	0.218	nd
	3	37.2	16	0.105	nd	nd	0.137	nd
	4	30.6	13.6	0.07	nd	nd	0.306	nd
	5	22.9	12	0.07	nd	nd	0.306	nd
	6	24.3	10.4	0.061	nd	nd	0.251	nd

Tailings	1	18.5	12.2	0.079	0.064	nd	0.211	nd
	2	19.9	11.5	0.063	0.068	nd	0.272	nd
	3	28.8	16.5	0.091	nd	nd	0.174	nd
	4	26.8	16.2	0.085	0.104	nd	nd	nd
	5	37.1	16.9	0.102	0.083	nd	nd	nd
	6	31.8	17.2	0.093	0.051	nd	nd	nd

Samples from all locations above were taken to be as representative of the local mineralized material as possible. Samples taken from the crushed ore are by their nature representative of the source mineralized material.

In management’s opinion, this round of results provides further strong evidence for the conclusion that the Buckeye Silver Mine may host economic amounts of platinum, rhodium, palladium, osmium and gold, in addition to the original silver targets. Management has engaged third party engineers, metallurgists and geologists to assist in creating a new process flow sheet and in determining the nature of the mineralized material at the Buckeye Silver Mine. Without effecting selective disclosure, management has also had positive preliminary discussions with potential financiers, pending the delivery of the flow sheet and a rough budget.

QAQC

For each batch, Lone Pine Analytical of Phoenix, Arizona sampled two distinct samples (approx 200mg), digested, filtered, diluted and analyzed. For the digestion, the lab used [1mL HF: 4.5mL Nitric Acid: 4.5mL HCI]. The samples were digested in a microwave in sealed PTFE tubes where the temperature reached 200C with a total cycle time of 40 minutes. Bismuth (Bi) was used the internal standard. A three-point calibration, plotted through zero was used with excellent linear correlation for each element. Thus, the lab used an internal and external standards (instrument calibration). Chain of custody protocols were strictly observed. Lone Pine Analytical, as of September 11, 2022, is in the process of renewing its ISO /IEC-17025 lab accreditation with a scope for metals in soils and rocks.

Readers are cautioned that although management has made every reasonable effort to ensure the samples are as representative of the local mineralized material as possible, the samples above (apart from the crushed ore samples) are ultimately random by nature and may not be representative of the mineralization throughout the Buckeye Silver Mine.

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

For further information, please contact:

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

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

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Bravo’s Nickel-Copper Massive Sulphide Intercept Returns High-Grade PGMs

Post author By admin
Post date October 17, 2022

Results Include 11m @ 4.24 g/t 3PGM+Au, 2.04% Nickel + 1.23% Copper

VANCOUVER, BC, Oct. 17, 2022 /CNW/ – Bravo Mining Corp. (TSXV: BRVO) (OTCQX: BRVMF), (“Bravo” or the “Company“) today announced that high-grade PGM assay results have been received for previously released diamond drill hole DDH22LU047. Hole DDH22LU047 intercepted high-grade nickel and copper at its Luanga palladium + platinum + rhodium + gold + nickel (PGM+Au+Ni) project (“Luanga“), located in the Carajás Mineral Province, state of Pará, Brazil.

The high-grade intercept in hole – DDH22LU047 graded 4.24 g/t 3PGM+Au with 2.04% nickel and 1.23% copper over 11.04m and occurs in massive and semi-massive sulphides.

“As announced in Bravo’s August 16^th, 2022 news release, high-grade nickel-copper mineralization had not been previously observed at Luanga. This discovery suggests potential for other metals and styles of mineralization than previously intercepted at Luanga, and we are extremely encouraged that it also contains high grade PGMs,” said Luis Azevedo, Chairman and CEO of Bravo. “Downhole EM has commenced and should greatly assist in targeting follow up drilling, whilst surface EM has the potential to identify other massive and semi-massive sulphide mineralization along Luanga’s 8.1 km mineralized strike.”

Highlights:

HOLE-ID	From(m)	To(m)	Thickness (m)	Pd(g/t)	Pt(g/t)	Rh(g/t)	Au (g/t)	PGM + Au (g/t)	Cu(%)	Ni (%)(Sulphide)	Type
*DDH22LU047*	131.11	142.15	11.04	3.56	0.57	0.07	0.04	4.24	1.23	2.04	FR

Notes: All ‘From’, ‘To’ depths, and ‘Thicknesses’ are downhole.

Given the orientation of the hole and the mineralization, the intercept is estimated to be 85% of true thickness.

Type: FR = Fresh Rock. Recovery methods and results will differ based on the type of mineralization.

Two diamond drill holes have been completed on each of two drill sections located 50m north and south of DDH22LU047.
All four step-out drill holes have intersected varying amounts of semi-massive sulphides. Assay results are pending.
Drill rigs have been temporarily moved clear of the area while borehole electromagnetic surveys (“EM”) are completed on these four step-out drill holes.
Following the completion of borehole EM, surface fixed loop EM will commence over the entire Luanga deposit.

DDH22LU047: High grade massive sulphide PGM + nickel + copper mineralization at 136.0m*

* Downhole depth

Luanga Drill Program

The Phase 1 diamond drill program continues as planned at Luanga. Six drill rigs are on site, with drilling progressing in various locations along the entire 8.1 km strike length of the known Luanga mineralized envelope (as defined by historic drilling). To date, 91 drill holes have been completed, for a total of 15,554 metres of the planned 25,500 metre Phase 1 drill program.

Additional details for Intercept in Hole -047

HOLE-ID	From(m)	To(m)	Thickness (m)	Pd(g/t)	Pt(g/t)	Rh(g/t)	Au (g/t)	PGM + Au (g/t)	Ni(%) (Sulphide)	Cu(%)	Type
DDH22LU047	131.11	142.15	11.04	3.56	0.57	0.07	0.04	4.24	2.04	1.23	FR
Including	132.26	136.80	4.54	4.03	0.07	0.10	0.03	4.23	2.77	0.54	FR
Including	136.80	137.60	0.80	4.68	0.31	0.08	0.16	5.23	0.98	10.82	FR

Notes: All ‘From’, ‘To’ depths, and ‘Thicknesses’ are downhole.

Given the orientation of the hole and the mineralization, the intercept is estimated to be 85% of true thickness.

Type: FR = Fresh Rock. Recovery methods and results will differ based on the type of mineralization.

Location of Bravo Drilling Reported in this Document

About Bravo Mining Corp.

Bravo is a Canada and Brazil-based mineral exploration and development company focused on advancing its Luanga PGM + Au + Ni Project in the world-class Carajás Mineral Province of Brazil.

The Luanga Project benefits from being in a location close to operating mines, with excellent access and proximity to existing infrastructure, including road, rail and clean and renewable hydro grid power. The project area was previously de-forested for agricultural grazing land. Bravo’s current Environmental, Social and Governance activities includes replanting trees in the project area, hiring and contracting locally, and ensuring protection of the environment during its exploration activities.

Technical Disclosure

Technical information in this news release has been reviewed and approved by Simon Mottram, F.AusIMM (Fellow Australia Institute of Mining and Metallurgy), President of Bravo Mining Corp. who serves as the Company’s “qualified person”, as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101“). Mr. Mottram has verified the technical data and opinions contained in this news release.

Forward Looking Statements

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as “potential”, “assist”, “suggest”, and other similar words, phrases or statements that certain events or conditions “should”, or “will” occur.
In particular, this news release contains forward-looking information pertaining to the Company’s ongoing drill program and the results thereof, including the assay results for the four step-out holes near hole -047 that intercepted semi-massive sulphides; the results of geophysical surveys; the potential for the definition of new styles of mineralization and the Company’s plans in respect thereof. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage; and other risks and uncertainties involved in the mineral exploration and development industry. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including, but not limited to, the assumption that the assay results confirm the interpreted mineralization contains significant values of nickel, copper and also contain PGMs and Au; final drill and assay results will be in line with management’s expectations; that activities will not be adversely disrupted or impeded by regulatory, political, community, economic, environmental and/or healthy and safety risks; that the Luanga Project will not be materially affected by potential supply chain disruptions; and general business and economic conditions will not change in a materially adverse manner. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.

Schedule 1: Drill Hole Collar Details

HOLE-ID	Company	East (m)	North (m)	RL (m)	Datum	Depth (m)	Azimuth	Dip

DDH22LU047	Bravo	659899.99	9342475.05	275.18	SIRGAS2000 UTM22S	170.05	090	-60

Schedule 2: Assay Methodologies and QAQC

Samples follow a chain of custody between collection, processing and delivery to the ALS laboratory in Parauapebas, state of Pará, Brazil. The drill core is delivered to the core shack at Bravo’s Luanga site facilities and processed by geologists who insert certified reference materials, blanks and duplicates into the sampling sequence. Drill core is half cut and placed in secured polyurethane bags, then in security-sealed sacks before being delivered directly from the Luanga site facilities to the Parauapebas ALS laboratory by Bravo staff. Additional information about the methodology can be found on the ALS global website (ALS) in the analytical guides. IN this case a split is collected by Bravo staff and securely delivered to the Intertek laboratory in Parauapebas where it was assayed by high priority for ore grade Ni and Cu.

Quality Assurance and Quality Control (“QAQC”) is maintained internally at the lab through rigorous use of internal certified reference materials, blanks, and duplicates. An additional QAQC program is administered by Bravo using certified reference materials, duplicate samples and blank samples that are blindly inserted into the sample batch. If a QAQC sample returns an unacceptable value an investigation into the results is triggered and when deemed necessary, the samples that were tested in the batch with the failed QAQC sample are re-tested.

Bravo ALS
Preparation	Method	Method	Method	Method

For All Elements	Pt, Pd, Au	Rh	Ni-Sulphide	Trace Elements
PREP-31B	PGM-ICP27	Rh-MS25	Ni-ICP05	ME-ICP61

Bravo Intertek
Method

Ni, Cu Sulphide
Ni-ICP05

www.bravomining.com (CNW Group/Bravo Mining Corp.)

SOURCE Bravo Mining Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2022/17/c5767.html

Tags #InvestingInBatteryMetals, #JuniorMining, #MauriceJackson, #MilesFranklin, #PreciousMetals, #ProvenAndProbable, proven and probable

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Collective Mining – Materially Expands the Main Breccia Discovery at Apollo

Post author By admin
Post date October 12, 2022

Joining us for a conversation is Ari Sussman of Collective Mining, Colombia’s Newest Exploration Company. Collective Mining has just announced another significant development coming from the flagship Guayabales Project. Today’s discussion will focus on the Main Breccia at the Apollo Target which is delivering High Grade along with some remarkable continuity with a new Strike of 385 Meters, Width at 350 Meters, and Vertical 825 Meters!

Collective Mining: Rapidly advancing, large-scale gold-copper-silver-moly porphyry and breccia targets with related high-grade vein systems in the mining-friendly department of Caldas in Colombia

Collective Mining’s two projects the Guayabales (Flagship) and the San Antonio (Secondary) are situated in Marmato, an underexplored yet multi-million ounce, high-grade gold and silver district located in the Middle Cauca belt in Colombia. With six out of eleven targets drilled, the Company has made three promising grassroot discoveries to date and is awaiting assay results on a potential fourth discovery. Drilling activity continues at a brisk pace with a 20,000+ metre drill program in 2022.

Website: https://www.collectivemining.com/
Listing:(TSX.V: CNL | OTCQX: CNLMF)
Corporate Presentation: https://www.collectivemining.com/investors/presentations/
Facebook: https://www.facebook.com/CollectiveMiningCol
Twitter: https://twitter.com/CollectiveMini1
LinkedIn: https://www.linkedin.com/company/collectivemining/?originalSubdomain=co
Instagram: https://www.instagram.com/collectivemining/
Youtube: https://www.youtube.com/channel/UC0J8zpCq0TNhJQePKdCrJag

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Proven and Probable
Where we deliver Mining Insights & Bullion Sales. I’m a licensed broker for Miles Franklin Precious Metals Investments, The Only Online Dealer that is Licensed and Bonded (Period)! Where we provide unlimited options to expand your precious metals portfolio, from

Website| www.provenandprobable.com
Call me directly at 855.505.1900 or email: Maurice@MilesFranklin.com
Precious Metals FAQ – https://www.milesfranklin.com/faq-maurice/

Tags #AriSussman, #CNL, #CollectiveMining, #Guayabales, #InvestingInBatteryMetals, #JuniorMining, #MauriceJackson, #MilesFranklin, #PreciousMetals, #ProvenAndProbable, maurice jackson, proven and probable

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Step Out Drilling Materially Expands the Overall Dimensions of Collective Mining’s Main Breccia Discovery at Apollo

Post author By admin
Post date October 12, 2022

Visual observations from two step-out diamond drill holes within the Company’s Main Breccia discovery at the Apollo target have intersected the most cumulative mineralization in drill holes completed to date as well as significantly expanded the known dimensions of this exciting new discovery.
Hole APC-17, which was drilled due north from Pad 3, cut more than 600 metres in total of favourable mineralization before terminating at approximately 913 metres while still in mineralization. This is the most mineralization encountered in a drill hole to date at the Apollo target.
Hole APC-22, which was drilled to the northeast from Pad 3, cut more than 400 metres in total of favourable mineralization before terminating at 734 metres while still in mineralization.
As a result of both new holes, the potential total volume of rock hosting the Main Breccia discovery within it has approximately tripled in size with the dimensions now measuring 385 metres along strike by 350 metres width by 825 metres depth versus prior dimensions of 385 metres x 190 metres x 500 metres. The discovery remains wide open for expansion and further step-out holes are currently being designed.
Three rigs continue to drill at Apollo with additional assay results anticipated in the near term.

TORONTO, Oct. 11, 2022 /CNW/ – Collective Mining Ltd. (TSXV: CNL) (OTCQX: CNLMF) (“Collective” or the “Company”) is pleased to announce visual observations from two step out holes drilled into the Apollo target (“Apollo”) which is located within the Guayabales project in Caldas, Colombia. The Main Breccia discovery at Apollo is a high-grade, bulk tonnage copper-gold-silver porphyry-related breccia target with previously announced intercepts including:

Hole	Intercept (m)	Au (g/t)	Ag (g/t)	Cu %	Zn %	Pb %	Mo %	AuEq (g/t) *
APC-2	207.15	1.46	45	0.31	0.08	0.05	0.002	2.68
APC-8	265.75	1.26	55	0.22	0.07	0.05	0.045	2.44
APC-12	237.70	1.15	72	0.38	0.08	0.07	0.001	2.88

* See press releases dated August 10^th, September 13^th and October 6^th respectively.

As part of its fully funded 20,000+ metre drill program for 2022, there are currently three diamond drill rigs operating at the Apollo target.

“These two new diamond drill holes are incredibly exciting as we have significantly expanded the size of the Main Breccia discovery at Apollo and while doing so, we have cut the longest intercepts of both total and continuous mineralization completed to date. Importantly, the system remains open to the north and northeast as both holes bottomed in mineralization. We look forward to continued aggressive drilling in order to see how much more this exceptional discovery can grow,” commented Ari Sussman, Executive Chairman.

Details (See Figures 1–4)

Fourteen diamond drill holes with accompanying assay results have now been announced at Apollo and a further eleven holes are outstanding. The Company recently completed two northerly directed diamond drill holes, APC-17 and APC-22, from its southernmost drill pad (Pad 3), which were designed to test for mineralized extensions to the Main Breccia discovery. The following visual observations are highlighted from the two step out holes:

Hole APC-17 was drilled approximately due north to a maximum depth of 912.60 metres. The hole intersected more than 70 metres of mineralization beginning at 119 metres down hole (100m vertical) and another 545 metres of mineralization from 365 metres down hole (330m vertical) to the end of the hole (825m vertical). Total mineralization in this diamond drill hole exceeded 600 metres and is the most mineralization drilled in a single hole to date into the Main Breccia discovery at Apollo. The shallow intercept is hosted within angular porphyry related breccia containing chalcopyrite (1-2%) with pyrite and pyrrhotite and is located directly beneath recently discovered mineralization outcropping at surface. The deeper and longer intercept is also hosted within angular porphyry related breccia with the matrix filled with pyrite, chalcopyrite and overprinting carbonate base metal veins (“CBM”). The hole was terminated at 912.6 metres while still in mineralized breccia.
Hole APC-22 was drilled to the northeast to a maximum depth of 734.8 metres and intercepted three zones yielding more than 400 metres of total breccia mineralization. The two shallow zones are located directly beneath surface outcrops and the initial 37 metre intercept commenced at 100 metres downhole (60m vertical), while the second shallow 19 metre intercept began at 167 metres down hole (100m vertical). Mineralization is hosted within angular porphyry breccia with a matrix of chalcopyrite (1-2%) and pyrrhotite and overprinting zones of sheeted CBM veins. The deeper intercept commenced at 308 metres downhole (276m vertical) and continued within mineralized porphyry related angular breccia until the hole was terminated at 734.8 metres.
Visual logging of APC-17 and APC-22 have significantly increased the overall maximum potential volume of rock hosting the Main Breccia discovery, which now measures up to 385 metres along strike by 350 metres width by 825 metres depth (prior dimensions were 385 metres x 190 metres x 500 metres). The system remains open for expansion.
Three rigs continue to drill at Apollo with additional assay results anticipated in the near term.
The Apollo target area, as defined to date by surface mapping, rock sampling and copper and molybdenum soil geochemistry, covers an 800 metres X 700 metres area. The Apollo target area hosts the Company’s new Main Breccia discovery plus a vein system flanking its eastern side. Multiple additional untested breccia, porphyry and vein targets have been generated and will be drilled in due course. Lastly, the overall Apollo target area also remains open for further expansion.

Figure 1: Plan View of the Main Breccia Discovery at Apollo Highlighting the Significant Extensions to the Zone Based on Drill Holes APC-17 and APC-22 (CNW Group/Collective Mining Ltd.)

Figure 2: Plan View of the Guayabales Project Highlighting the Apollo Target (CNW Group/Collective Mining Ltd.)

Figure 3: Images of Core from Hole APC-17 (CNW Group/Collective Mining Ltd.)

Figure 4: Images of Core from Hole APC-22 (CNW Group/Collective Mining Ltd.)

About Collective Mining Ltd.

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

Collective Mining is an exploration and development company focused on identifying and exploring prospective mineral projects in South America. Founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately $2 billion in enterprise value, the mission of the Company is to repeat its past success in Colombia by making significant new mineral discoveries and advance the projects to production. Management, insiders and close family and friends own nearly 45% of the outstanding shares of the Company and as a result, are fully aligned with shareholders.

The Company currently holds an option to earn up to a 100% interest in two projects located in Colombia. As a result of an aggressive exploration program at its flagship Guayabales project, a total of seven major targets have been defined. The Main Breccia discovery within the Apollo target is the most important to date and is characterized by bulk tonnage, high-grade copper-silver gold mineralization with highlight drill results including: 207.15 metres @ 2.68g g/t AuEq, 265.75 metres at 2.44 g/t AuEq and 237.7 metres at 2.88 g/t AuEq. Other grassroots discoveries include near-surface discovery holes yielding 301.9 metres at 1.11 g/t AuEq at the Olympus target, 163 metres at 1.33 g/t AuEq at the Donut target, and 102.2m @ 1.53 g/t AuEq at the Trap target. At the San Antonio project, the Company intersected, from surface, 710 metres at 0.53 AuEq. (See related press releases on our website for AuEq calculations). The Company’s fully funded, 20,000 metre drill program for 2022 is ongoing with a significant number of assay results expected through the remainder of the year.

Qualified Person (QP) and NI43-101 Disclosure

David J Reading is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 (“NI 43-101”) and has reviewed and verified that the technical information contained herein is accurate and approves of the written disclosure of same. Mr. Reading has an MSc in Economic Geology and is a Fellow of the Institute of Materials, Minerals and Mining and of the Society of Economic Geology (SEG).

Technical Information

Rock and core samples have been prepared and analyzed at SGS laboratory facilities in Medellin, Colombia and Lima, Peru. Blanks, duplicates, and certified reference standards are inserted into the sample stream to monitor laboratory performance. Crush rejects and pulps are kept and stored in a secured storage facility for future assay verification. No capping has been applied to sample composites. The Company utilizes a rigorous, industry-standard QA/QC program.

FORWARD-LOOKING STATEMENTS

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

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

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

SOURCE Collective Mining Ltd.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2022/11/c0582.html

Tags #AriSussman, #CNL, #CollectiveMining, #Guayabales, #JuniorMining, #MauriceJackson, #PreciousMetals, #ProvenAndProbable

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