Category: Precious Metals

Stillwater Critical Minerals Reports up to 0.396 g/t Rhodium in Drill Results from the Stillwater West PGE-Ni-Cu-Co + Au Project, Montana, USA

Post author By admin
Post date January 18, 2023

VANCOUVER, BC / ACCESSWIRE / January 18, 2023 / Stillwater Critical Minerals Corp. (formerly Group Ten Metals) (TSXV:PGE)(OTCQB:PGEZF)(FSE:5D32) (the “Company” or “SWCM”) is pleased to announce results of rhodium assays conducted on core from resource expansion drilling on its 100%-owned Stillwater West platinum group element, nickel, copper, cobalt, and gold (“PGE-Ni-Cu-Co + Au”) project in Montana, USA, adjacent to Sibanye-Stillwater’s world-class critical minerals mining operations.

These results, along with the integration of deposit models from South Africa’s Bushveld complex, provide the Company and SGS Geological Services (“SGS”) with the remaining components necessary to finalize an update of the Company’s inaugural October 2021 resource estimate (the “2021 Resource”), which delineated five Platreef-style deposits totaling 1.1 billion pounds of nickel, copper and cobalt, and 2.4 million ounces of palladium, platinum, rhodium and gold (see Figure 1).

Rhodium intercept highlights from resource expansion drilling include:

Widespread rhodium in drill results at potentially significant co-product grades including:
- 0.122 g/t Rh over 7.2 meters in CM2021-01 starting at 304.8 meters;
- 0.104 g/t Rh over 8.3 meters in CM2021-03 starting at 252.2 meters; and
- 0.396 g/t Rh over 1.2 meters in CM2021-01 starting at 411.6 meters.
Current results expand upon similar results in past campaigns which returned 0.103 g/t Rh over 7.9 meters in hole CM2020-05, and 0.100 g/t Rh over 6.1 meters in hole CM2007-02.
Rhodium is mined solely as a co-product at grades that are often below 0.1 g/t. South Africa dominates global production, and there is very little mine supply in North America. Sibanye-Stillwater, adjacent to SWCM’s Stillwater West project, is the primary US producer.
Supply constraints have resulted in elevated rhodium prices since 2017. At its current spot price of more than USD 12,000/oz, 0.1 g/t rhodium equates to more than 0.6 g/t gold or palladium equivalent, and more than 1.2 g/t platinum equivalent.
Rhodium has a high melting point, is highly corrosion resistant, and is critical in catalytic converters, along with platinum and palladium, for cleaner vehicle emissions.
Complete results from the 14-hole expansion drill campaign, which consisted of wide step-outs at three of the five deposits defined by the 2021 Resource, are being incorporated into the updated block models by SGS. As shown in Table 1, results continue to demonstrate impressive grade and scale with wide intervals at successively higher grades contained within very wide bulk-tonnage grade intervals, including:
- 13.2 meters of 2.31% Ni, 0.35% Cu, 0.115% Co, and 1.51 g/t 4E (Pt+Pd+Au+Rh) starting at 37.6 meters and within 400.8 meters of continuous mineralization in hole CM2021-05;
- 44.1 meters of 0.57% Ni, 0.34% Cu, 0.045% Co, and 0.74 g/t 4E starting at 32.8 meters and within 367.6 meters of continuous mineralization in hole CZ2021-01; and
- 50.2 meters of 1.05 g/t 4E plus 0.19% Ni and other values within 728.1 meters of continuous mineralization in hole CM2021-01.
Metallurgical testing completed by AMAX confirmed recovery of rhodium along with palladium and platinum in preliminary bench-scale flotation testing at the CZ deposit area in the early 1970s.
Past work previously reported by the Company included surface sample results of up to 5.78 g/t Rh at the HGR target in the Iron Mountain area, and 1.07 g/t Rh at Chrome Mountain in reconnaissance-scale rock sample programs (see June 11, 2020, news release).
Early results for other rare Platinum Group Elements (“PGE”) show potential for additional value from iridium, osmium, and ruthenium which often occur along with platinum, palladium, and rhodium at Stillwater West.

Table 1 – Final results from resource expansion drilling including recent rhodium assay results.

	INTERVAL	PRECIOUS METALS	BASE METALS	TOTAL METALEQUIVALENTS
HOLE ID	From(m)	To(m)	Width(m)	Pt(g/t)	Pd(g/t)	Au(g/t)	Rh(g/t)	4E(g/t)	Ni(%)	Cu(%)	Co(%)	NiEq*(%)	NiEq*(%)	PdEq*(g/t)
DR / HYBRID DEPOSIT AREA – RESOURCE EXPANSION DRILLING
CM2021-01	0.0	728.1	728.1	0.12	0.17	0.02	0.013	0.32	0.13	0.03	0.013	0.16	0.26	0.66
including	230.5	583.4	352.9	0.21	0.27	0.03	0.022	0.54	0.17	0.04	0.015	0.20	0.38	0.95
including	304.8	312.0	7.2	0.63	0.64	0.03	0.122	1.43	0.11	0.02	0.008	0.13	0.67	1.68
including	324.0	385.2	61.2	0.19	0.17	0.02	0.039	0.42	0.20	0.04	0.015	0.23	0.39	0.98
including	397.2	556.4	159.2	0.31	0.41	0.05	0.025	0.79	0.18	0.03	0.017	0.22	0.47	1.17
including	397.2	447.4	50.2	0.48	0.48	0.04	0.050	1.05	0.19	0.03	0.015	0.22	0.56	1.40
including	423.4	430.6	7.2	0.93	1.33	0.05	0.027	2.34	0.24	0.03	0.018	0.27	0.96	2.39
including	479.8	549.2	69.4	0.27	0.47	0.06	0.017	0.82	0.18	0.04	0.017	0.22	0.48	1.20
including	530.0	543.2	13.2	0.26	0.81	0.06	0.039	1.17	0.21	0.06	0.017	0.25	0.67	1.67
including	530.0	537.2	7.2	0.33	1.07	0.08	0.049	1.54	0.21	0.05	0.017	0.24	0.79	1.97
including	687.4	728.1	40.7	0.07	0.20	0.02	0.008	0.29	0.18	0.07	0.021	0.24	0.34	0.84
CM-2021-02	0.0	333.0	333.0	0.08	0.10	0.02	0.006	0.20	0.11	0.04	0.011	0.14	0.21	0.52
including	118.7	232.8	114.1	0.07	0.12	0.04	0.007	0.24	0.19	0.09	0.015	0.24	0.32	0.79
including	131.5	148.4	17.0	0.16	0.25	0.05	0.024	0.49	0.19	0.10	0.022	0.27	0.44	1.11
including	256.9	267.0	10.2	0.14	0.38	0.07	0.016	0.61	0.25	0.13	0.014	0.31	0.52	1.29
CM-2021-03	0.0	428.2	428.2	0.08	0.13	0.02	0.009	0.24	0.10	0.03	0.015	0.14	0.22	0.56
including	106.0	115.2	9.2	0.02	0.03	0.06	0.008	0.12	0.28	0.11	0.045	0.41	0.46	1.14
including	165.0	215.4	50.4	0.06	0.06	0.03	0.005	0.15	0.13	0.04	0.017	0.17	0.22	0.55
including	165.0	172.2	7.2	0.01	0.05	0.04	0.002	0.10	0.29	0.10	0.044	0.41	0.45	1.11
including	240.1	270.4	30.3	0.31	0.65	0.05	0.048	1.06	0.14	0.03	0.013	0.17	0.55	1.37
including	252.2	260.5	8.3	0.49	1.06	0.05	0.104	1.70	0.13	0.03	0.013	0.16	0.81	2.02
CM-2021-04	0.0	208.8	208.8	0.05	0.08	0.02	0.004	0.14	0.11	0.05	0.015	0.16	0.20	0.50
including	0.0	67.2	67.2	0.10	0.17	0.02	0.010	0.30	0.13	0.05	0.016	0.18	0.28	0.69
including	3.6	16.8	13.2	0.17	0.52	0.03	0.025	0.75	0.15	0.04	0.015	0.19	0.46	1.14
including	198.0	208.8	10.8	0.02	0.04	0.03	0.002	0.10	0.25	0.22	0.026	0.38	0.41	1.02
CM-2021-05	36.4	437.2	400.8	0.06	0.12	0.04	0.008	0.22	0.17	0.03	0.015	0.20	0.27	0.68
including	36.4	132.4	96.0	0.06	0.12	0.12	0.002	0.30	0.40	0.05	0.024	0.43	0.52	1.30
including	37.6	50.8	13.2	0.25	0.43	0.82	0.015	1.51	2.31	0.35	0.115	2.43	2.89	7.21
including	37.6	43.6	6.0	0.50	0.77	1.34	0.024	2.63	3.47	0.24	0.195	3.58	4.38	10.92
including	190.0	208.0	18.0	0.18	0.58	0.04	0.025	0.82	0.16	0.05	0.015	0.20	0.49	1.22
including	191.2	196.0	4.8	0.40	1.41	0.09	0.071	1.98	0.21	0.07	0.016	0.26	0.98	2.43
including	345.7	364.0	18.3	0.21	0.43	0.05	0.034	0.72	0.16	0.06	0.014	0.20	0.46	1.14
CM-2021-06	0.0	376.8	376.8	0.08	0.13	0.02	0.009	0.24	0.12	0.03	0.014	0.15	0.23	0.57
including	123.0	150.8	27.8	0.15	0.41	0.04	0.030	0.63	0.16	0.05	0.015	0.20	0.43	1.07
including	125.1	129.4	4.3	0.28	0.99	0.07	0.096	1.44	0.23	0.07	0.020	0.28	0.86	2.15
including	254.0	264.8	10.8	0.05	0.12	0.03	0.004	0.21	0.27	0.06	0.030	0.33	0.40	1.01
including	303.4	376.8	73.4	0.20	0.26	0.03	0.020	0.51	0.14	0.02	0.017	0.17	0.34	0.84
including	305.8	328.4	22.6	0.32	0.44	0.02	0.035	0.81	0.11	0.01	0.017	0.14	0.42	1.04
including	315.4	327.2	11.8	0.42	0.63	0.02	0.048	1.12	0.10	0.01	0.017	0.14	0.52	1.29
CZ DEPOSIT AREA – RESOURCE EXPANSION DRILLING
CZ2021-01	10.8	378.4	367.6	0.06	0.17	0.02	0.009	0.26	0.15	0.06	0.015	0.20	0.29	0.72
including	13.2	76.9	63.7	0.12	0.42	0.07	0.027	0.64	0.47	0.27	0.040	0.62	0.86	2.15
including	32.8	76.9	44.1	0.12	0.49	0.09	0.035	0.74	0.57	0.34	0.045	0.75	1.04	2.58
CZ-2021-02	87.6	94.8	7.2	0.03	0.10	0.08	0.002	0.21	0.17	0.11	0.018	0.24	0.31	0.78
HGR DEPOSIT AREA – RESOURCE EXPANSION DRILLING
IM-2021-01	Did not reach target depth due to bad ground conditions
IM-2021-02	Did not reach target depth due to bad ground conditions, repeated as IM-2021-03
IM-2021-03	Did not reach target depth due to bad ground conditions
115.0	118.6	3.6	0.32	1.17	0.06	0.067	1.62	0.14	0.02	0.012	0.16	0.76	1.90
IM-2021-04	0.0	306.5	306.5	0.05	0.09	0.02	0.005	0.15	0.13	0.08	0.013	0.18	0.23	0.57
including	92.2	207.6	115.4	0.09	0.16	0.03	0.009	0.28	0.19	0.10	0.015	0.25	0.34	0.85
including	92.2	102.0	9.8	0.39	1.02	0.06	0.069	1.54	0.19	0.06	0.018	0.24	0.80	2.00
including	147.6	200.4	52.8	0.07	0.11	0.04	0.003	0.22	0.23	0.16	0.014	0.31	0.37	0.93
including	256.0	260.8	4.8	0.00	0.15	0.09	0.055	0.30	0.74	0.65	0.070	1.11	1.28	3.19
IM-2021-05	0.0	379.2	379.2	0.07	0.13	0.02	0.006	0.22	0.17	0.09	0.014	0.22	0.29	0.74
including	66.8	99.2	32.4	0.15	0.30	0.04	0.017	0.50	0.22	0.11	0.016	0.28	0.45	1.12
including	310.2	378.0	67.8	0.06	0.16	0.03	0.006	0.26	0.25	0.14	0.016	0.32	0.40	1.01
including	313.4	334.9	21.5	0.07	0.24	0.04	0.013	0.35	0.38	0.13	0.024	0.45	0.58	1.43
including	313.4	315.8	2.4	0.00	0.65	0.11	0.086	0.85	1.55	0.17	0.087	1.63	2.04	5.08
including	327.7	334.9	7.3	0.13	0.34	0.04	0.007	0.51	0.45	0.17	0.026	0.53	0.70	1.74
including	346.8	347.8	1.0	0.03	0.31	0.11	0.090	0.55	2.52	0.31	0.097	2.54	2.84	7.09
including	354.3	364.8	10.5	0.07	0.22	0.04	0.003	0.33	0.34	0.33	0.018	0.49	0.59	1.48
including	354.3	355.5	1.2	0.07	0.82	0.06	0.001	0.95	1.33	0.71	0.055	1.60	1.92	4.79
IM-2021-06	0.0	333.0	333.0	0.08	0.14	0.02	0.008	0.25	0.13	0.04	0.012	0.16	0.24	0.60
including	70.8	164.8	94.0	0.14	0.32	0.05	0.016	0.53	0.20	0.09	0.014	0.25	0.43	1.06
including	82.8	109.2	26.4	0.19	0.41	0.08	0.013	0.69	0.27	0.14	0.016	0.34	0.56	1.40
including	298.6	314.2	15.6	0.16	0.33	0.02	0.031	0.55	0.14	0.03	0.016	0.18	0.38	0.95
including	299.8	304.6	4.8	0.42	0.83	0.05	0.077	1.38	0.16	0.03	0.016	0.19	0.70	1.75

*Notes to reported values:

Ni and Pd equivalents are presented for comparative purposes using conservative long-term metal prices (all USD): $8.00/lb nickel (Ni), $4.00/lb copper (Cu), $24.00/lb cobalt (Co), $1,000/oz platinum (Pt), $2,200/oz palladium (Pd), $1,800/oz gold (Au), and $10,000/oz rhodium (Rh).
Recovered Nickel Equivalent in Table 1 is determined as follows: NiEq% = [Ni% x recovery] + [Cu% x recovery x Cu price/ Ni price] + [Co% x recovery x Co price / Ni price] + [Pt g/t x recovery / 31.103 x Pt price / Ni price / 2,204 x 100] + [Pd g/t x recovery / 31.103 x Pd price / Ni price / 2,204 x 100] + [Au g/t x recovery / 31.103 x Au price / Ni price / 2,204 x 100]
Palladium Equivalent is determined as follows: PdEq g/t = NiEq x 0.401
In the above calculations: 31.103 = grams per troy ounce, 2,204 = lbs per metric tonne, and 100 and 0.01 convert assay results reported in % and g/t.
The following recoveries have been assumed for purposes of the above equivalent calculations: 85% for Ni and 90% for all other listed metals, based on recoveries at similar nearby operations.
Intervals are reported as drilled widths and are believed to be representative of the true width of mineralization.

Dr. Danie Grobler, Vice-President of Exploration, commented, “We see an overall trend of increasing PGE content up-sequence within the Ultramafic Series of the Stillwater Complex (“SWC”), like that observed within ultramafic portions of the Bushveld Complex (South Africa), as well as the Great Dyke in Zimbabwe. Scientific studies have shown that the Ultramafic Series of the SWC are enriched in PGE relative to most mafic magmas. Furthermore, the chromitite layers correlate with and are particularly enriched in rhodium and the lesser PGEs osmium, iridium, and ruthenium. More importantly, the reported high-grade rhodium results correlate with specific chromite seams and correspond to geochemical and geophysical anomalies associated with our existing resource areas defined during 2021, highlighting our rapidly advancing understanding of their occurrence, and our ability to effectively target new areas.”

Stillwater Critical Minerals President and CEO, Michael Rowley, stated, “Our 2022 programs built on the success of past campaigns, continuing to return rhodium at significant potential co-product values at a time when the U.S. is looking to increase domestic supplies of this very rare element, alongside 49 other critical minerals. We look forward to reporting our updated and expanded resource models in the near term as we advance Stillwater West towards its potential to become a primary low-carbon source of eight of the minerals listed as critical by the US government, effectively ushering in the next phase of critical mineral supply from the iconic and productive Stillwater Complex.”

Upcoming Events

The Company at is pleased to advise it will be presenting at the Emerging Growth Conference: January 25^th at 9:30am PT | 12:30pm ET (virtual). To register, click here.

For a full list of upcoming events, visit our website: https://criticalminerals.com/investors/events/

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 (TSX.V: 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 on-going production of platinum group and other metals by neighbouring 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.

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

Quality Control and Quality Assurance

2021 drill core samples were analyzed by ACT Labs in Vancouver, B.C. Sample preparation: crush (< 7 kg) up to 80% passing 2 mm, riffle split (250 g) and pulverize (mild steel) to 95% passing 105 µm included cleaner sand. Gold, platinum, and palladium were analyzed by fire assay (1C-OES) with ICP finish. Rhodium was analyzed by fire assay (1C-Rhodium). Selected major and trace elements were analyzed by peroxide fusion with 8-Peroxide ICP-OES finish to insure complete dissolution of resistate minerals. Following industry QA/QC standards, blanks, duplicate samples, and certified standards were also assayed.

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

Forward-Looking Statements

Forward Looking Statements: This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts including, without limitation, statements regarding potential mineralization, historic production, estimation of mineral resources, the realization of mineral resource estimates, interpretation of prior exploration and potential exploration results, the timing and success of exploration activities generally, the timing and results of future resource estimates, permitting time lines, metal prices and currency exchange rates, availability of capital, government regulation of exploration operations, environmental risks, reclamation, title, and future plans and objectives of the company are forward-looking statements that involve various risks and uncertainties. Although 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 Corp.

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Base Metals Energy Junior Mining Precious Metals Silver Bullet Mines

Silver Bullet Mines Intercepts Vein in Arizona

Post author By admin
Post date January 17, 2023

Burlington, Ontario–(Newsfile Corp. – January 17, 2023) – Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) (‘SBMI’ or ‘the Company’) is pleased to announce it has intercepted the targeted vein, behind the historical Treasure Room at its Buckeye Silver Mine. This interception occurred on schedule and within SBMI’s budget. To intercept the vein SBMI rehabilitated, extended, screened and bolted the upper development drift. The material being removed is being deposited in specific locations for future evaluation.

SBMI next intends to drift along the vein to an area believed to contain higher grade mineralization (see page 8 of the Geologic Report dated January 8, 2021). The Company believes this target area to be approximately 200 feet from where SBMI recently intercepted the vein.

SBMI intends to carry out multiple daily assays of the materials referred to above at its assay facility at its millsite. The mill is ready to recommence processing immediately upon receipt of mineralized material from the Buckeye. The assay results are intended to inform the geologic team and not all such results will be disseminated.

In its December 15, 2022 press release, SBMI advised third party geologic consultants would be providing the Company with a report including observations, comments, and recommendations, based upon their November 29 – December 14, 2022 site visit to Arizona. They inspected the third-party independent lab used for sample testing, visited the Buckeye Mine site, visited the Company’s millsite, and visited the Black Copper and Helena occurrences, both of which are situated on SBMI’s Black Diamond property and are referred to in the January, 2021 Geologic Report.

Those geologic consultants also carried out a brief initial re-inspection of NQ core drilled at the Buckeye Mine by a previous optionee. This re-inspection has revealed coarse grained gabbronorite phases containing magnetite disseminations and thin bands within an area previously mapped as diabase. Small intervals containing olivine phenocrysts were also noted. These rocks may have potential for PGM mineralization. Further examination is being undertaken on these in situ rocks, the core, the Black Copper and the Helena occurrences. Samples from each has been sent to a third-party accredited lab for analysis and further work is ongoing. The Company can find no evidence of any PGM testing having previously been undertaken on this core or the rock labelled as diabase.

Finally, contact with various mineralogical and geochemical labs is ongoing to resolve metallurgical and refractory issues encountered while trying to pour dore bars from the Buckeye Mine material.

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

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 pathogen; 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 mineralized material; shareholder and regulatory approvals; 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 pathogens create risks that at this time are immeasurable and impossible to define.

The Issuer has not based its production decision on current resources or the results of a pre-feasibility study of mineral resources to establish mineral reserves demonstrating technical and economic viability. Significant uncertainty exists on the presence of any economic mineable material.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/151438

Base Metals Collective Mining Energy Junior Mining Precious Metals

Post author By admin
Post date January 17, 2023

Three diamond drill rigs will be turning by the end of January with two of the rigs already coring and the third anticipated to start operating before the end of the month.
Two rigs will be focused on drilling the copper-silver-gold rich Main Breccia system at Apollo from two newly constructed drill pads (pad 6 and pad 7) with details as follows:
The third rig just began drilling at pad 8 (hole APC-32), which is located 150 metres south of the southernmost known boundary of the Main Breccia system. Holes drilled from this pad will focus on the newly generated porphyry target located directly below the high-grade coincidental copper and molybdenum soil anomalies within mineralized porphyry diorite hosting chalcopyrite veins (see press release dated December 14, 2022).
Assay results are expected in the near term for Apollo target drill holes APC-25 through APC-30 completed as part of the phase I program, which culminated in December 2022.

Ari Sussman, Executive Chairman commented: “We have an exciting and busy year ahead of us at the Guayabales project. We will remain aggressive with the drill bit in pushing the geological boundaries of the Apollo target as we look to remain on a steep trajectory of growth at the Main Breccia system while drilling untested surrounding targets to try and make a new and impactful discovery. Also, we will continue to leverage our various strategic alliances to design and implement new and innovative programs and platforms with our stakeholders as part of our “Collective” model, which is based on inclusiveness, transparency, and honesty. With such a remarkable geological and mineral endowment on the property and an excellent local management team in place, I believe the odds are in our favor to continue adding significant value for the Company and its shareholders in 2023.”

TORONTO, Jan. 17, 2023 /CNW/ – Collective Mining Ltd. (TSXV: CNL) (OTCQX: CNLMF) (“Collective” or the “Company”) is pleased to announce the commencement of a phase II diamond drill program at the Main Breccia discovery at the Apollo target (“Apollo”), which is part of the Guayabales project located in Caldas, Colombia. The Main Breccia discovery is a high-grade, bulk tonnage copper-silver-gold porphyry-related system, which owes its excellent metal endowment to multiple phases of mineralization which includes older copper-silver-gold porphyry mineralization and younger, overprinting, precious metal rich sheeted carbonate base metal vein systems. The phase II program will begin with three diamond drill rigs with potential to increase the number of rigs as the program progresses.

Details (See Figures 1–2)

The Phase II program commenced with shallow drilling of near surface, high grade mineralization below mineralized breccia outcrops in the southern and central areas of the Main Breccia discovery from newly constructed drill pads, 6 and 7. The rig at pad 6 is currently drilling and entered the mineralized zone close to the drill hole collar. The rig at pad 7 is expected to commence operations in the next 7-10 days. Furthermore, a new drill pad (pad 8) has been constructed 150 south of the southernmost modelled boundary of the Main Breccia system at Apollo to test the recently discovered porphyry target. Key highlights of the initial plan are as follows:

Main Breccia System

New drill holes APC-31 and APC-33 (pads 6 and 7 respectively) will focus on testing the shallow and high-grade mineralization located just below surface outcrops in the south and central portions of the deposit. This target area was drilled with APC-22 with recently announced results (see press release dated January 11, 2023) as follows:

Most of this outcropping and shallow target remains untested with current known dimensions from surface sampling cover a 150-metre diameter area. The target area remains open in all directions for expansion.

The program will also continue to undertake step-out drill holes designed to understand the geometry and size of the Apollo Main Breccia discovery, which remains open to the north, west, east and at depth. Recently announced step-out drill holes APC-17 and APC-22, both bottomed in mineralized breccia due to drill rig capacity returning 2.75 metres @ 0.86 g/t gold equivalent and 3 metres @ 0.48 g/t gold equivalent respectively in their final metres (see press release dated November 29, 2022, and January 11, 2023). Additionally, hole APC-28, intercepted 600 metres of continuous mineralization and ended while still in the system. Assays are outstanding for this hole and expected in the near term.
A final feature of the phase II diamond drill program at the Main Breccia system will be to test the following high grade mineralized subzones identified during the phase I program in 2022 as follows:

New Porphyry Target

Hole APC-32 will be drilled from a newly constructed pad 8, which is located 150 metres south of the southernmost modelled boundary of the Main Breccia system, to test below the coincidental high-grade copper and molybdenum soil anomalies associated with a mineralized porphyry diorite hosting chalcopyrite veins. The porphyry target covers an area measuring 250 metres by 150 metres and remains open for expansion in all directions. Recent, follow-up reconnaissance geological work at surface has identified a potassic altered porphyry diorite hosting quartz, molybdenum, and chalcopyrite veins. Surface rock chip sampling from limited weathered (leached) outcrop has returned grades of up to 0.28% copper and 0.13% molybdenum. The hole will be steeply inclined and drill directly below the highest soil and rock chip values.

In 2022, a total of 14,975 metres (31 holes) were drilled at the Apollo target for the phase I program. Assay results for twenty-five diamond drill holes have now been announced at Apollo with results for the remaining six holes expected in the near term.

The Apollo target area, as defined to date by surface mapping, rock sampling and copper and molybdenum soil geochemistry, covers a 1,000 metres X 1,200 metres area. The Apollo target area hosts the Company’s Main Breccia discovery plus a vein system located above and on the eastern flank of the Main Breccia discovery. Multiple additional untested breccia, porphyry and vein targets have been generated with drilling to begin testing these targets in Q1, 2023. The overall Apollo target area also remains open for further expansion.

Figure 1: Plan View of the Main Breccia Discovery at Apollo Highlighting the Initial Holes for 2023 from new Drill Pads 6,7 and 8 (CNW Group/Collective Mining Ltd.)

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

About Collective Mining Ltd.

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

Founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately $2 billion in enterprise value, Collective Mining is a copper, silver and gold exploration company based in Canada, with projects in Caldas, Colombia. The Company has options to acquire 100% interests in two projects located directly within an established mining camp with ten fully permitted and operating mines.

The Company’s flagship project, Guayabales, is anchored by the Apollo target, which hosts the large-scale, bulk-tonnage and high-grade copper, silver, and gold Main Breccia discovery. The Company’s near-term objective is to continue with expansion drilling of the Main Breccia discovery while increasing confidence in the highest-grade portions of the system.

Management, insiders and close family and friends own nearly 35% of the outstanding shares of the Company and as a result, are fully aligned with shareholders. The Company is listed on the TSXV under the trading symbol “CNL” and on the OTCQX under the trading symbol “CNLMF”.

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.

Information Contact:

Follow Executive Chairman Ari Sussman (@Ariski) and Collective Mining (@CollectiveMini1) on Twitter

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/January2023/17/c4130.html

Base Metals Energy Exclusive Interviews Junior Mining Metallic Group Precious Metals Stillwater Critical Minerals

Stillwater Critical Minerals – Reports High-Grade Gold, Platinum Group Elements, Battery Metals

Post author By admin
Post date January 14, 2023

Stillwater Critical Minerals (TSX.V: PGE | OTC: PGEZF)
Website | https://criticalminerals.com/
Corporate Presentation | https://criticalminerals.com/investors/presentations/
Stillwater Critical Minerals
Suite 904 – 409 Granville Street
Vancouver, BC V6C 1T2

Tel: +1 (604) 357-4790
Toll Free: +1 (888) 432-0075
Email: “Chris Ackerman (Critical Minerals)” cackerman@criticalminerals.com

The Best Video on Why and When to Buy and Sell Physical Precious Metals:

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WEEKLY SPECIAL: JAN 2023

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This image has an empty alt attribute; its file name is krugerrand_promo_mf-1024x576.jpg — https://www.milesfranklin.com/faq-maurice/

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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 #InvestingInBatteryMetals, #JuniorMining, #MauriceJackson, #PGE, #PreciousMetals, #ProvenAndProbable, #StillwaterWest, Chris Ackerman, Greg Johnson, Michael Rowley, Stillwater Critical Minerals

Base Metals Breaking Collective Mining Exclusive Interviews Precious Metals

Collective Mining – Step Out Drilling Expands Apollo Target

Post author By admin
Post date January 12, 2023

Joining us for a conversation is Ari Sussman, the Executive Chairman to the Board for Collective Mining, which just released the latest round of step out drilling results from the High-Grade, Bulk Tonnage Apollo Target located on the flagship Guayabales Project.

COLLECTIVE MINING:
Listing:(TSX.V: CNL | OTCQX: CNLMF)
Website: https://www.collectivemining.com/
Press Release: https://www.collectivemining.com/news-media/news-releases/collective-mining-drills-426-metres-at-151-gt-gold-equivalent-in-step-out-as-well-as-4725-metres-at-545-gt-gold-equivalent-near-surface-at-its-bulk-tonnage-main-breccia-discovery-in-colombia
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

The Best Video on Why and When to Buy and Sell Physical Precious Metals:

WEEKLY SPECIAL: JAN 2023

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/

Base Metals Energy Exclusive Interviews Junior Mining Metallic Group Metallic Minerals Precious Metals

Metallic Minerals – Releases 2022 Drill Results on Keno Silver Project

Post author By admin
Post date January 12, 2023

Metallic Minerals: TSX.V: MMG | OTC: MMNGF)

Website:https://mmgsilver.com/

Corporate Presentation: https://mmgsilver.com/investors/presentations/

Investor Relations: Chris Ackerman Senior Manager – Corporate Communications & IR Email: chris.ackerman@metallic-minerals.com Phone: 604-629-7800 ext. 1 Toll Free: 1-888-570-4420

Press Release: https://mmgsilver.com/news/2023/metallic-minerals-intercepts-144.5-meters-of-41.4-g-t-ag-eq-as-bulk-tonnage-ag-pb-zn-zone-emerges-as-resource-target-at-fox-in/

The Best Video on Why and When to Buy and Sell Physical Precious Metals:

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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 #MauriceJackson, #MMG, #ProvenAndProbable, Caribou Target, East Keno, Formo Target, Fox Target, Greg Johnson, Keno Silver Project, Scott Petsel

Base Metals Energy Junior Mining Metallic Group Metallic Minerals Precious Metals

Metallic Minerals Intercepts 144.5 Meters of 41.4 g/t Ag Eq as Bulk-Tonnage Ag-Pb-Zn Zone Emerges as Resource Target at Fox in East Keno, Keno Silver Project, Yukon, Canada

Post author By admin
Post date January 12, 2023

VANCOUVER, BC / ACCESSWIRE / January 12, 2023 / Metallic Minerals Corp. (TSX.V:MMG)(OTCQB:MMNGF) (“Metallic Minerals” or the “Company”) is pleased to announce initial assay results from the 2022 field program at the Keno Silver project located in the historic Keno Silver district of the Yukon; Canada’s most important silver mining district. These results cover the East Keno area and represent the first in a series of results to be released from the Company’s 2022 exploration program, which included 3,265 meters (m) of diamond core drilling in 23 drill holes focused on expansion of advanced stage, “resource-ready” targets in anticipation of an inaugural NI 43-101 mineral resource estimate in 2023.

Exploration in 2022 at East Keno focused on drilling of the Greater Fox area targets (Fox, UKHM and Zone 2) first discovered by the Company in 2020, through systematic exploration efforts including mapping, geochemical soil sampling, geophysics, and drilling (see Figure 1). This work outlined the first known occurrence of Ag-Pb-Zn sheeted veins and includes the widest intervals of continuous mineralization ever reported in the Keno Hill silver district at up to 177 meters thickness. The sheeted vein mineralization (spaced distinct parallel Ag-Pb-Zn veins) at Fox is found in geologic settings that may be repeated as significant additional targets across the property which, as yet remain undrilled. The East Keno target areas of Fox, UKHM and Zone 2 have become substantial advanced-stage targets, poised for further expansion drilling and near-term resource delineation.

2022 East Keno Exploration Highlights

Mineralization was intercepted in each of the eight holes (1,386 m) drilled at East Keno in 2022 (see Table 1). Both bulk-tonnage and high-grade Ag-Pb-Zn vein-style mineralization was encountered.
Drill intercepts at the Fox target in 2022 averaged 136 m of sheeted vein mineralization (including up to 177 m wide); a significant broadening of the identified mineralized zones encountered in 2020 and 2021 drilling at Fox.
At the Fox target, hole FOX22-03, returned sheeted vein zones of 144.5 m @ 41.4 g/t silver equivalent (Ag Eq), including 27.66 m at 105.8 g/t Ag Eq.
A total of 107 high-grade samples (over 100 g/t Ag Eq and greater than 0.5 m in width) were intercepted in in the 2022 East Keno drilling, including:
- Z222-01, 0.5 m @ 222.7 g/t Ag Eq (182 g/t Ag, 1.10% Pb, 0.03% Zn)
- FOX22-02, 0.5 m @ 806.9 g/t Ag Eq (555.0 g/t Ag, 3.24% Pb, 3.14% Zn)
- FOX22-03, 0.59 m @764.0 g/t Ag Eq (463.0 g/t Ag, 0.23 g/t Au, 0.79% Pb, 5.41% Zn)
- UKHM22-01, 0.55 m @1087.0 g/t Ag Eq (953.0 g/t Ag, 3.56% Pb, 0.28% Zn)

Metallic Minerals President, Scott Petsel, stated, “The 2022 drilling at Fox is indicative of the huge potential at East Keno and has significant implications for further exploration success and future resource development. The sheeted Ag-Pb-Zn vein system identified at Fox had not been recognized in the district prior to Metallic’s systematic exploration efforts and our team has since identified additional new areas as potential hosts of similar mineralization. We have now extended mineralization at the Fox deposit over 300 m along strike and 150 m down-dip starting from surface, where it remains open in all directions. A total of 18 drill holes define the Fox zone and show good continuity of the broader mineralized system with a relatively shallow dip. Resource modelling is currently underway focused on the large-scale bulk-tonnage resource potential for the Fox target area.”

“The Company expects to announce additional drill results from both the Keno Silver Project (Primarily at advanced stage targets Formo and Caribou) and the La Plata Cu-Ag Project over the coming weeks and we look forward to discussing these and other developments at events throughout Q1.”

2023 AMEBC Mineral Roundup Core Shack

Metallic is very pleased to announce that we have been invited to participate in this year’s AMEBC Mineral Roundup conference in Vancouver and will be displaying intervals of drill core from the Keno Silver project and our La Plata Project on Wednesday, January 25^th and Thursday, the 26^th. Key members of our management and technical teams will be on hand to discuss the project and opportunity. Visit us at booth #1016 in the Core Shack. For more information and to register, visit here.

Vancouver Resource Investment Conference – Presentation

Metallic President, Scott Petsel, will be providing a corporate update and participating in a moderated roundtable discussion during the upcoming Vancouver Resource Investment Conference on Sunday, January 29^th at 3:30 PM in the Yukon Pavilion. For more information, visit here.

Figure 1. Keno Silver District Geology and Deposits

Metallic Minerals Corp., Thursday, January 12, 2023, Press release picture

East Keno Target Areas – Fox, Zone2 and UKHM

The East Keno area is represented by 15 multi-kilometer scale soil and geophysical anomalies which indicate additional potential for broad-scale mineralization in the least explored part of the Keno Hill silver district. Five of these anomalies have been drilled with initial positive results and an additional five other targets are drill ready. The Fox target, now with 2,748 meters drilled in 18 holes over three years, will be the focus of continued expansion and resource definition drilling in future programs.

Exploration of the East Keno area by Metallic Minerals began in 2018 with soil geochemical sampling and progressed to initial reverse circulation drilling in 2020 which returned several significant high-grade Ag-Pb-Zn sulfide vein intervals (KE20-01 0.77m @ 1,397 g/t Ag Eq) and numerous broad bulk-tonnage scale intervals (KE20-01, 28.2 @ 64 g/t Ag Eq and KE20-02, 22.1 m @ 48 g/t Ag Eq). The 2021 field program in East Keno combined additional reverse circulation drilling and initial diamond core drilling in warranting additional confidence in the target areas.

Drilling combined with extensive mapping and other geologic data has demonstrated a transition at East Keno from north to south from typical Keno style Ag-Pb-Zn mesothermal mineralization at Fox to mixed mesothermal and epithermal styles of mineralization at Zone 2 and UKHM. Epithermal mineralization is often associated with higher silver grades as demonstrated on the west side of the district at Silver King and Husky SW. The broad zones of mineralization at Fox, are now recognized as shallow dipping high-grade sheeted mesothermal Ag-Pb-Zn veins that appear to be associated with a regional scale thrust fault structures. This is a target concept that is broadly repeated across the district, and more specifically at multiple untested targets in the East Keno area.

Mineralized widths from the 2022 drilling on the Fox target returned the widest zones of continuous mineralization ever reported in the Keno Hill silver district and on a grade thickness basis are comparable in contained metal with some of the richest zones from the western part of district (see detailed 2022 results in Table 1 below). The Fox deposit sits within a multi-kilometer scale silver-in-soil anomaly leaving significant room to grow the footprint of mineralization for the Fox target both laterally and down dip. The westernmost drilling in the Fox target area, FOX22-05 and FOX22-06, demonstrates increasing widths of mineralization that will be tested in future programs along with untested areas of very high-level silver in soil values.

Drilling at the earlier stage Zone 2 and the UKHM targets have returned significant silver values including broad envelopes of mineralization similar to the Fox zone along with narrower high-grade silver intervals typical of the district. All drilling on these early-stage targets has been at shallow depths and these targets remain open for expansion with further drilling (see 2022 results in Table 1 below).

2022 East Keno Drilling

The focus of the 2022 drilling at Fox was extend known outlines of mineralization to enhance potential near-term resource opportunities. Single drill holes at UKHM and Zone 2 further confirmed these areas, both broad-scale mineralization and higher-grade epithermal style Ag-Pb-Zn veins, as priority targets for significant additional drilling and focus (See Figure 2).

Table 1 – Highlights of 2022 Drill Results from the East Keno Target Areas

Bulk Tonnage Intervals
Hole	From (m)	To(m)	Length (m)	Ag Eq¹(g/t)	Ag(g/t)	Au (g/t)	Pb(%)	Zn (%)
FOX22-01	11.8	147.75	135.95	25.8	7.9	0.01	0.03	0.33
incl	51	79.7	28.7	47.1	14.5	0.02	0.04	0.62
FOX22-02	15.3	191.88	176.58	16.5	6.4	0.00	0.03	0.18
incl	69	78.5	9.5	76.5	31.1	0.01	0.19	0.83
and incl	174.81	186.81	12	52.2	15.5	0.00	0.04	0.75
FOX22-03	15	159.5	144.5	41.4	14.6	0.01	0.04	0.52
incl	29.55	101.75	72.2	68.1	22.6	0.01	0.06	0.89
and incl	74.09	101.75	27.66	105.8	29.5	0.02	0.09	1.54
FOX22-04	28.9	154.3	125.4	36.2	10.6	0.01	0.03	0.50
incl	28.9	114.85	85.95	49.3	14.8	0.01	0.05	0.67
and incl	67.48	114.85	47.37	73.9	21.6	0.01	0.07	1.06
FOX22-05	11.24	117	105.76	15.7	4.0	0.01	0.01	0.20
incl	27.96	82.55	54.59	21.0	5.0	0.01	0.01	0.28
FOX22-06	10	136	126	33.5	7.6	0.008	0.02	0.51
incl	65	117.15	52.15	63.2	13.0	0.01	0.03	1.03
and incl	79	90	11	122.1	23.8	0.014	0.05	2.05
UKHM22-01	59.5	112.5	53	26.7	20.2	0.01	0.06	0.07

High-Grade Intervals
Hole	From (m)	To(m)	Length (m)	Ag Eq¹(g/t)	Ag(g/t)	Au (g/t)	Pb(%)	Zn (%)
FOX22-01	13.95	14.45	0.5	466.5	206.0	0.02	1.12	4.81
and	38.57	39.07	0.5	361.2	115.0	0.01	0.68	4.85
and	73.84	79.7	5.86	151.3	45.1	0.06	0.11	1.90
and	121.5	122	0.5	488.9	55.0	0.00	0.13	9.34
FOX22-02	32.5	33	0.5	806.9	555.0	0.01	3.24	3.14
and	158.08	158.58	0.5	315.3	43.0	0.01	0.04	5.76
and	174.81	175.5	0.69	281.0	22.0	0.00	0.03	5.61
FOX22-03	29.55	30.14	0.59	764.0	463.0	0.23	0.79	5.41
and	34.31	34.81	0.5	582.2	316.0	0.08	1.39	4.57
and	50.1	50.73	0.63	657.1	207.0	0.10	0.29	9.33
and	99.53	100.53	0.5	740.1	77.0	0.03	0.01	14.52
and	153.85	154.35	0.5	817.4	656.0	0.00	1.42	2.50
FOX22-04	28.9	29.4	0.5	294.1	133.0	0.12	0.07	3.16
and	53.49	54	0.51	355.7	140.0	0.14	0.66	3.91
and	67.48	68	0.52	846.7	109.0	0.10	0.16	15.75
and	114.35	114.85	0.5	555.6	43.0	0.02	0.01	11.02
FOX22-05	27.96	28.46	0.5	558.4	171.0	0.11	0.19	8.01
FOX22-06	40.5	41	0.5	397.5	134.0	0.361	0.44	4.96
and	80.6	86.3	5.7	132.2	14.4	0.016	0.02	2.46
Incl	85.8	86.3	0.5	526.9	58.0	0.019	0.10	7.02
and	114	115	1	337.0	110.0	0.03	0.19	4.70
UKHM22-01	59.5	60	0.5	989.6	763.0	0.32	2.18	2.59
and	107.3	107.85	0.55	1087.0	953.0	0.02	3.56	0.28
Z222-01	69.9	72.5	2.6	79.6	45.1	0.00	0.29	0.49
and	129.5	130	0.5	222.7	182.0	0.02	1.10	0.03

Notes to reported values:

Ag equivalent is presented for comparative purposes using conservative long-term metal prices (all USD): $20/oz silver (Ag), $1.00/lb lead (Pb), $1.40/lb zinc (Zn).
Recovered Silver Equivalent in Table 1 is determined as follows: Ag Eq g/t = [Ag g/t x recovery] + [Au g/t x recovery x Au price/ Ag price] + [Pb % x 10,000 x recovery x Pb price / Ag price] + [Zn% x 10,000 x recovery x Zn price / Ag price].
In the above calculations: 1% = 10,000 ppm = 10,000 g/t.
The following recoveries have been assumed for purposes of the above equivalent calculations: 95% for precious metals (Ag/Au) and 90% for all other listed metals, based on recoveries at similar nearby operations.
Intervals are reported as measured drill intersect length.

Figure 2 – East Keno and Greater Fox target area with 2022 drill results and composite grade thickness values (Ag Eq¹)

About Metallic Minerals

Metallic Minerals Corp. is an exploration and development stage company, focused on silver, gold and copper in the high-grade Keno Hill and La Plata mining districts of North America. Our objective is to create shareholder value through a systematic, entrepreneurial approach to making exploration discoveries, growing resources and advancing projects toward development. Metallic Minerals has consolidated the second-largest land position in the historic Keno Hill silver district of Canada’s Yukon Territory, directly adjacent Hecla Mining’s operations, with more than 300 million ounces of high-grade silver in past production and current M&I resources. Hecla Mining Company, the largest primary silver producer in the USA and third largest in the world, completed the acquisition of Alexco in September 2022. In April 2022, Metallic announced the inaugural NI 43-101 mineral resource estimate for its La Plata silver-gold-copper project in southwestern Colorado. The Company also continues to add new production royalty leases on its holdings in the Klondike gold district in the Yukon. All three districts have seen significant mineral production and have existing infrastructure, including power and road access. Metallic Minerals is led by a team with a track record of discovery and exploration success on several major precious and base metal deposits, as well as having large-scale development, permitting and project financing expertise.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Website: www.mmgsilver.com Phone: 604-629-7800

Email: cackerman@mmgsilver.com Toll Free: 1-888-570-4420

Qualified Person

The disclosure in this news release of scientific and technical information regarding exploration projects on Metallic Minerals’ mineral properties has been reviewed and approved by Debbie James, Senior Geologist for TruePoint Exploration, who is a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

Quality Assurance / Quality Control

All samples were assayed by 36 Element Aqua Regia Digestion ICP-MS methods at Bureau Veritas labs in Vancouver with sample preparation in Whitehorse, Yukon and geochemical analysis in Vancouver, British Columbia. Samples with over limit silver and gold were re-analyzed using a 30-gram fire assay fusion with a gravimetric finish. Over-limit lead and zinc samples were analyzed by multi-acid digestion and atomic absorption spectrometry. All results have passed the QAQC screening by the lab and the company utilized a quality control and quality assurance protocol for the project, including blank, duplicate, and standard reference samples.

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 Metallic 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 Group Ten and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedar.com

SOURCE: Metallic Minerals Corp.

View source version on accesswire.com:
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Junior Mining Labrador Gold Precious Metals

Labrador Gold Intersects 20.88 G/T Au Over 5 Metres at Big Vein, Kingsway Project

Post author By admin
Post date January 12, 2023

Figure 1

TORONTO, Jan. 12, 2023 (GLOBE NEWSWIRE) — Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce the latest results from recent drilling targeting the highly 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.

Highlights of the drilling include an intersection of 20.88 g/t Au over 5 metres that included 124.21g/t Au over 0.81 metres and 7.41 g/t Au over 1.0 metres in Hole K-22-206, and 6.04 g/t Au over 1.20 metres in Hole K-22-208. Both holes were drilled at the north end of Big Vein.

“We continue to follow up on the success of last year’s drilling at Big Vein with another high-grade intersection at the north end of the zone. Big Vein has now been drilled over a strike length of approximately 520 metres along the west side of the Appleton Fault Zone and remains open to the northeast and to the southwest,” said Roger Moss, President and CEO. “Drilling is ongoing at both ends of the zone to extend the strike length of the mineralization.”

Hole ID	From (m)	To (m)	Interval (m)	Au (g/t)	Zone
K-22-208	116.00	118.00	2.00	1.07	Big Vein
	176.58	178.12	1.54	5.00
including	176.58	177.78	1.20	6.04
K-22-206	24.00	25.00	1.00	1.13	Big Vein
	319.00	320.00	1.00	7.41
	371.00	376.00	5.00	20.88
including	374.56	375.37	0.81	124,213
K-22-204	nsv				CSAMT
K-22-203	nsv				Golden Glove

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

Figure 1. Big Vein plan map.

A total of 63,055 metres have been drilled to date out of the planned 100,000 metre program. Assays are pending for samples from approximately 2,700 metres of core.

The Company has $18 million in cash and is well funded to carry out the remaining 37,000 metres of the planned drill program as well as further exploration to add to the pipeline of drill targets on the property.

Hole ID	Easting	Northing	Elevation (m)	Azimuth	Dip	Total depth (m)
K-22-208	661571	5435366	58	145	50	497
K-22-206	661593	5435331	54	155	60	422.11
K-22-204	666713	5443698	50	295	55	482
K-22-203	660958	5432372	40	108	45	520.38

Table 2. Drill hole collar details

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 $18 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 170,009,979 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.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e5b4125c-f907-4ba5-a492-e2382e58b13a

Tags #BigVein, #JuniorMining, #KingswayGoldProject, #LabradorGold, #MauriceJackson, #PreciousMetals, #ProvenAndProbable, maurice jackson, Quinton Hennigh, Rover Metals

Base Metals Energy Junior Mining Precious Metals Project Generators

Riverside Resources Corporate Outlook for 2023

Post author By admin
Post date January 11, 2023

Riverside Resources, Proven and Probable

Vancouver, British Columbia–(Newsfile Corp. – January 11, 2023) – Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) (“Riverside” or the “Company”), is pleased to provide an outlook of the Company’s growth plans for the coming year and recap the accomplishments and milestones achieved this past year. In 2023, Riverside Resources plans to take advantage of its strong balance sheet and sound portfolio of JV-ready projects. Furthermore, the royalty portfolio growth of the past 12 months puts Riverside in a unique valuable position heading into this year.

Riverside continues to progress its Prospect Generator business model that builds up the royalty portfolio and uses proprietary databases to identify and then stake or otherwise acquire quality prospects, working with partners, finding undervalued acquisitions, and advancing some of its main assets while retaining royalties on all its projects. The Company enters 2023 with over C$8,000,000 in cash, no debt, no warrants and a tight share structure, with less than 77,000,000 shares outstanding, while being in business as a public company for over 15 years. The Company remains focused on its 100% owned projects, within its portfolio in Canada and Mexico, and its strategic copper exploration alliance with BHP (one of the world’s largest mining companies). Riverside is always working towards new potential strategic alliances and partnerships, which the Company aims to deliver more of in 2023.

Similarly, Riverside expects to generate strong news flow from the following key projects and partnerships:

Canada gold exploration farm-in and farm-out activities including continuation of the exploration on the 100% owned Oakes Gold Project.
Working towards a new Strategic Alliance with a major base metal producer.
Completing an option agreement on Riverside’s copper properties to a major copper producing partner.
Commence partner funded drilling with BHP on at least one project during H1/2023.
Explore new partnership to advance La Union after high-grade exploration results in 2022.
Exploration results in Mexico for our gold projects including Cuarentas.
Working on a potential farm-out deal for Cecilia with proposed drilling on the property.

2022 Recap:

Riverside started the past year by closing a $720,000 CAD oversubscribed private placement. This financing used the government supportive flow through tax credit and was partially deployed to test and delineate gold mineralization on Riverside’s 100% owned Oakes Gold Project in Ontario. Riverside completed a 1,700m drill program with assays showing 8 of the 12 holes intersecting gold at shallow levels with mineralization remaining open at depth and along strike. The primary focus of the drill program at Oakes was to test beneath and along the exposed High Grade target, identified by geophysics and trenching programs, for gold grades and continuity which came back positive. This was followed by successfully expanding the known 1.2 km gold mineralization, beyond the outcrops and laid the groundwork, which can now be progressed with future partner funding, in drilling to test down dip and further along strike, for the Oakes gold camp in 2023.

In Mexico, Riverside sold the Tajitos Gold Project to Minera Fresnillo, S.A. de C.V. (“Fresnillo”), a wholly owned subsidiary of Fresnillo PLC, for $2,500,000 USD in cash and retained 2% NSR Royalty. Fresnillo is the world’s leading silver producer and Mexico’s largest gold producer. Riverside also sold the Pima project in Sonora to Agnico Eagle Mines Ltd. These two properties can now move ahead inside the gold production districts that Agnico Eagle and Fresnillo are developing. The Fresnillo transaction puts Riverside in a great position to unlock value from the Company’s growing royalty portfolio, by adding another quality NSR.

The Company also consolidated the La Union polymetallic project after more than $500,000 USD in partner funded exploration and consolidation work with Hochschild Mining. Exploration work at La Union returned gold (“Au”) values greater than two (2) ounces per ton (“oz/t”), silver (“Ag”) values over 20 oz/t and up to six (6) percent zinc (“Zn”). The exploration work helped to define the main structural and lithological controls of the mineralization which is fundamental for exploration of the Union district. Riverside is now free to move ahead with seeking other partners for the 26 km sq polymetallic project located in the favorable limestone carbonate replacement belt of western Sonora, Mexico. The Project is now nicely set up for the next exploration steps, which could include geophysics and drilling, and the Company looks forward to exploring new partnership opportunities in 2023.

In September 2022, BHP and Riverside agreed to move forward with a fourth year of generative funding for copper exploration in Sonora, Mexico. BHP will fund an additional US$1,600,000 in the fourth year of the agreement, on specified properties in the Exploration Financing Agreement (EFA), within the Laramide copper producing belt of Mexico. By building upon the past three years of the BHP fully funded generative exploration work, the EFA will move into the next exploration phase, focusing on five copper projects in Sonora, Mexico. The EFA breakdown, will consist of a currently approved US$1,100,000 in exploration funding to work on the Llano de Nogal district and US$500,000 in ongoing property programs within the Riverside Sonora Projects, for an initial allocated budget of US$1,600,000. Riverside optioned 100% interest in the Llano de Nogal copper project from Orogen Royalties in May of 2022, using the funding through the BHP Alliance. Furthermore, Riverside previously acquired minor tenure of the Llano de Nogal district from Millrock Resources in 2019 and has subsequently worked with BHP on the Project, over the past three years, through the EFA, to consolidate the larger portion.

The BHP Program continues to focus on identifying and developing exploration opportunities leading to the discovery of new large copper deposits within an area of interest, using Riverside’s proprietary databases and in-country infrastructure, with its strong generative exploration team strategically based in Hermosillo, Sonora.

Upcoming Events:

Riverside Resources Inc. will be exhibiting at the Vancouver Round Up conference in late January and then in early March, at the PDAC in Toronto. Make sure to stop by our booth for the latest news and a detailed update on the Company’s plans for the year ahead.

About Riverside Resources Inc.:

Riverside is a well-funded exploration company driven by value generation and discovery. The Company has over $8M in cash, no debt and less than 80M 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 own 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.

Base Metals Breaking Junior Mining Metallic Minerals Precious Metals Stillwater Critical Minerals

Stillwater Critical Minerals Reports High-Grade Gold and Platinum Group Elements with Battery Metals at the Pine Target, Stillwater West PGE-Ni-Cu-Co + Au Project, Montana, USA

Post author By admin
Post date January 10, 2023

VANCOUVER, BC / ACCESSWIRE / January 10, 2023 / Stillwater Critical Minerals (formerly Group Ten Metals) (TSX.V:PGE; OTCQB:PGEZF; FSE:5D32) (the “Company” or “SWCM”) is pleased to announce the first tranche of results from work completed in 2022 on its 100%-owned Stillwater West platinum group element, nickel, copper, cobalt, and gold (“PGE-Ni-Cu-Co + Au”) project adjacent to Sibanye-Stillwater’s mining operations in Montana, USA.

A series of news releases are planned to report the results of work on key objectives including expansion of the 2021 Mineral Resource Estimate (the “2021 MRE”), integration of Platreef geologic models, and field campaigns including geophysical and geological field programs both within and outside defined deposit areas. Additional updates are also expected from on-going carbon sequestration testing and other initiatives the Company is currently advancing.

Pine Target Highlights

Rock chip samples taken across approximately two meters of exposed shear in a trench at the Pine target in 2022 returned high-grade gold, palladium and platinum mineralization with an average of 9.0 g/t Au, 0.69 g/t Pd, and 0.69 g/t Pt (see Table 1). Significant nickel and cobalt values are also reported, consistent with past results from this area.
Work in 2022 also included the acquisition of historic core to support the advancement of drill-defined high-grade mineralization at Pine towards completion of an NI-43-101-compliant resource. Mineralization at Pine was not included in the five deposits delineated by the 2021 MRE at the Chrome and Iron Mountain target areas, up to nine kilometers east of Pine within the Stillwater Igneous Complex.
Historic drilling at Pine returned values of 16.94 g/t 3E (16.19 g/t Au, 0.24 g/t Pt, 0.50 g/t Pd) over 7.98 meters and 31.02 g/t 3E (28.7 g/t Au, 1.06 g/t Pt, 1.27 g/t Pd) over 2.6 meters in the area of the 2022 trench samples (see Table 2, Figure 1, and news releases on June 4, 2019, and January 25, 2019).
Mineralization remains open to expansion in all directions including towards very high-level gold-in-soil anomalies extending up to two kilometers west of Pine, in addition to the adjacent high-level palladium, platinum, and nickel-copper soil anomalies shown in Figure 1.
Elevated gold values are also demonstrated in high-grade drill results two kilometers east of Pine at the Chrome Mountain deposit area (see May 3, 2022, news release reporting 13.2 meters of 2.31% Ni, 0.82 g/t Au, 0.43 g/t Pd, 0.25 g/t Pt, 0.35% Cu and 0.115% Co), and nine kilometers east at the Iron Mountain deposit area (see May 29, 2020, news release announcing identification of a “gold suite” of pathfinder elements that co-occur in high-grade samples).

IMAGE 1: Pine Target Location Over Metals in Soils and 2021 Mineral Resource Areas

IMAGE 2: Pine Tareget Location Showing 2021 Mineral Resource Estimate and 3D Induced Polarization Geophysical Survey Results

Table 1 – Assay results from 2022 trench samples at the Pine Target, Stillwater West project

Stillwater Critical Minerals, Tuesday, January 10, 2023, Press release picture

Table 2 – Highlight mineralized drill intercepts from the Pine Target, Stillwater West project

Notes to reported values:

Ni and Pd equivalents are presented for comparative purposes using conservative long-term metal prices (all USD): $8.00/lb nickel (Ni), $4.00/lb copper (Cu), $24.00/lb cobalt (Co), $1,000/oz platinum (Pt), $2,200/oz palladium (Pd), and $1,800/oz gold (Au).
Nickel Equivalent in Table 1 is determined as follows: NiEq% = [Ni% x recovery] + [Cu% x recovery x Cu price/ Ni price] + [Co% x recovery x Co price / Ni price] + [Pt g/t x recovery / 31.103 x Pt price / Ni price / 2,204 x 100] + [Pd g/t x recovery / 31.103 x Pd price / Ni price / 2,204 x 100] + [Au g/t x recovery / 31.103 x Au price / Ni price / 2,204 x 100]
Nickel Equivalent in Table 2 is determined as follows: NiEq% = [Ni% x recovery] + [Cu% x recovery x Cu price / Ni price] + [Co% x recovery x Co price / Ni price]
Palladium Equivalent is determined as follows: PdEq g/t = NiEq x 0.401
In the above calculations: 31.103 = grams per troy ounce, 2,204 = lbs per metric tonne, and 100 and 0.01 convert assay results reported in % and g/t.
The following recoveries have been assumed for purposes of the above equivalent calculations: 85% for Ni and 90% for all other listed metals, based on recoveries at similar nearby operations.
Intervals are reported as drilled widths and are not believed to be representative of the true width of mineralization.

Dr. Danie Grobler, Vice-President of Exploration for SWCM, commented, “The Pine samples display an anomalous suite of shear zone hosted mineralization with elevated Au, Ni, Co and PGEs. These shear zones appear to trend in an NNW direction, forming an exciting and important target for advancement. The host rock is intensely sheared and altered Bronzite Cumulate with disseminated to massive chromite and possibly formed the focus for a cross-cutting post-magmatic hydrothermal alteration event. Recently identified precious and base metal in soil anomalies at the Gold Ridge and Pegmatoid Ridge targets to the west of Pine are coincident with large, intense anomalies in geophysical surveys and have not been explored in the past.”

Michael Rowley, President and CEO, commented, “Our expanding understanding of high-grade gold and platinum group element mineralization, alongside the wealth of critical minerals that the Stillwater district is known for, highlights the surprisingly underexplored nature of the lower Stillwater Igneous Complex and the potential that exists for the advancement of multiple world-class ore bodies across the 32-kilometer span of the Stillwater West project. We look forward to additional reports on recent work including our updated mineral resource estimate as those results become available, and beyond that to announcing our 2023 plans for continued expansion in this iconic American district.”

About the Pine Target

The Pine target is situated in the Wild West target area, approximately two kilometers west of deposits at the Chrome Mountain area, and nine kilometers west of deposits at the Iron Mountain area (see Figures 1 and 2). It is on the western side of the 12-kilometer-long resource area that contains the five deposits modeled in the 2021 MRE and has been detailed by Induced Polarization (IP) geophysical surveys conducted by the Company in 2020 and 2021. As shown in Figure 2, the broader Pine target area is characterized by an intense multi-kilometer-scale IP geophysical signature.

Results to date demonstrate very high-grade gold, palladium and platinum mineralization in drilling, soils and rock sampling, in addition to significant battery metals – in particular nickel and cobalt.

Work in 2022 focused on a geological sampling and mapping program, and the acquisition of some of the drill core from the 1983 and 2004 drill campaigns with the objective of finalizing drill targets and advancing drill-defined high-grade gold with PGE-Ni-Cu mineralization towards completion of an NI43-101-compliant mineral resource. At present, seven drill holes from 1983 and 2004 define a precious metals-rich mineralized zone that is 150 meters strike with an average width of 15 meters that has been tested to a depth of 90 meters (see Table 2 and news releases from June 4, 2019, January 25, 2019, and May 13, 2020). Mineralization remains open to expansion in all directions including towards very high-level gold-in-soil anomalies extending up to two kilometers west of Pine, in addition to the adjacent high-level palladium, platinum, and nickel-copper soil anomalies.

High-grade gold plus platinum group elements values have also been reported from drilling and surface samples at the Chrome and Iron Mountain deposit areas in addition to large-scale nickel, copper and cobalt bulk tonnage mineralization.

Pine is one of several priority targets for follow up exploration in 2023.

Mineral Resource Update and Integration of Platreef Geologic Models

The update to the 2021 MRE is entering the final stages of completion with release anticipated early in 2023. The updated models are driven by the integration of geologic models from the Platreef district of South Africa’s Bushveld complex, and the most recent 14-hole expansion drill campaign which returned multiple wide and high-grade battery and precious metal intercepts in wide step-outs from known mineralization at the three most advanced deposit areas within the 12-kilometer core of the project.

Significance of the Platreef Deposit Model

The Stillwater Igneous Complex is well-known to parallel South Africa’s Bushveld Igneous Complex, and developments at the Stillwater complex have generally paralleled those at the Bushveld, highlighting their significant geologic similarities. For example, Sibanye-Stillwater’s high-grade J-M Reef deposit was discovered by the direct application of geologic models developed during discovery of the high-grade Merensky reef deposit in the Bushveld.

More recent developments on the Bushveld have focused on the Platreef deposits, in the northern limb of the Bushveld, which depart from the conventional narrow reef-type mines that dominate global platinum group element mining with the occurrence of thick mineralized horizons that support bulk mining techniques and include much higher battery metal content. The mines of the Platreef are among the largest and most profitable in the world, and their mix of commodities offers an attractive internally hedged suite of in-demand critical minerals that is globally very rare. Starting with Anglo American’s PGE-Ni-Cu Mogalakwena mines in 1993 and continuing today with Ivanhoe’s underground Platreef mine, these mines have demonstrated the world-class nature of these bulk-tonnage, critical mineral systems within the Bushveld complex.

Platreef-style deposits also compare very favorably in an environmental sense as they contain nickel sulphide mineralization that is capable of producing nickel metal with a much smaller footprint than nickel recovered from laterite deposits, which currently represents the majority of global nickel supply. Additional environmental benefits are possible through reaction of atmospheric carbon dioxide with certain ultramafic rocks present in Platreef-style deposits. Testwork is underway to evaluate the potential for commercial-scale carbon sequestration during a possible mining operation Stillwater West.

About Stillwater West

About Stillwater Critical Minerals Corp.

Stillwater Critical Minerals (TSX.V: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 on-going 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 early in 2023.

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 critical minerals 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 high-grade 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 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

Quality Control and Quality Assurance

2022 rock chip samples were analyzed by ACT Labs in Vancouver, B.C. Sample preparation: crush (< 7 kg) up to 80% passing 2 mm, riffle split (250 g) and pulverize (mild steel) to 95% passing 105 µm included cleaner sand. Gold, platinum, and palladium were analyzed by fire assay (1C-OES) with ICP finish. Selected major and trace elements were analyzed by peroxide fusion with 8-Peroxide ICP-OES finish to insure complete dissolution of resistate minerals. Following industry QA/QC standards, blanks, duplicate samples, and certified standards were also assayed.

2004 drilling was conducted by SWCM’s QP while working for Premium Exploration. 1983 drill results are considered historic and have not been independently verified by SWCM.

1980s assay data was obtained from a 1986 report by geologist R.J. Warchola titled “A Hydrothermal Gold Occurrence on Chrome Mountain, Stillwater Complex, Montana” published in the Montana Geologic Society and Yellowstone Bighorn Research Association Joint Field Conference and Symposium: Geology of the Beartooth Uplift and Adjacent Basin: YBRA 50th Anniversary Edition, 1986; and a 1984 internal report by R.J. Warchola titled “Geologic Report on the Pine Claim, Sweetgrass County, Montana February 1984”

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

Forward-Looking Statements

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Category: Precious Metals

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