Tag: #JuniorMining

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.

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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

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.

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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.

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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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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

Base Metals Energy Junior Mining Metallic Group Metallic Minerals Precious Metals

Metallic Minerals to Present at the Emerging Growth Conference October 12th

Post author By admin
Post date October 10, 2022

VANCOUVER, BC / ACCESSWIRE / October 10, 2022 / Metallic Minerals Corp. (TSX.V:MMG; OTCQB:MMNGF) (“Metallic” or the “Company”) is pleased to announce the Company will be presenting at the Emerging Growth Conference on October 12th, 2022 at 9:00am PT (12:00pm ET).

Metallic Minerals Corp., Monday, October 10, 2022, Press release picture

This live, interactive online event will give existing shareholders and the investment community the opportunity to interact with CEO, Greg Johnson, who will discuss global and domestic metals markets, provide an overview of our key projects and upcoming catalysts and participate in a live Q&A session.

To register, click here or the adjacent logo. To learn more about Emerging Growth Conferences, visit www.emerginggrowth.com.

Metallic Minerals CEO, Greg Johnson, commented, “We are very pleased to be participating in our first Emerging Growth event and, against the backdrop of recently rebounding metals strength, feel this is excellent timing to introduce investors to the mining sector, the opportunities that abound and the value potential of Metallic Minerals as a precious and base metals explorer with exceptional assets. In 2022, we conducted exploration and drill campaigns at both our high-grade Keno Silver project adjacent to Hecla Mining in Yukon, Canada and our La Plata copper-silver-gold project in Colorado, USA. Results from both are pending receipt of assays and we anticipate news flow in that regard to commence soon.”

About the Emerging Growth Conference

The Emerging Growth conference is an effective way for public companies to present opportunities and communicate major announcements to the investment community in a time efficient manner. Conference focus and coverage includes companies in a wide range of growth sectors with strong management teams, focused strategy and execution, and overall potential for long-term growth. The audience includes individual and institutional investors, as well as investment advisors and analysts.https://embed.fireplace.yahoo.com/embed?ctrl=Monalixa&m_id=monalixa&m_mode=document&site=sports&os=android&pageContext=%257B%2522ctopid%2522%253A%25221542500%253B1480989%253B1481489%253B1577000%2522%252C%2522hashtag%2522%253A%25221542500%253B1480989%253B1481489%253B1577000%2522%252C%2522wiki_topics%2522%253A%2522Hecla_Mining%253BLa_Plata%253BCompany%253BMineral%253BKeno_City%2522%252C%2522lmsid%2522%253A%2522a077000000LnOyOAAV%2522%252C%2522revsp%2522%253A%2522accesswire.ca%2522%252C%2522lpstaid%2522%253A%25227cad23d4-6755-3b0f-9a16-c008e5359400%2522%252C%2522pageContentType%2522%253A%2522story%2522%257D

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

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: Metallic Minerals Corp.

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Tags #InvestingInBatteryMetals, #InvestingInCopper, #JuniorMining, #MauriceJackson, #MilesFranklin, #MMG, #PreciousMetals, #ProvenAndProbable, Greg Johnson, maurice jackson, Metallic Group of Companies, Metallic Mienrals, proven and probable, Quinton Hennigh

Junior Mining Lion One Metals Precious Metals

Lion One Drills Exceptional High-Grade Intersections as Part of Metallurgical Drill Program

Post author By admin
Post date October 4, 2022

North Vancouver, British Columbia–(Newsfile Corp. – October 4, 2022) – Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (“Lion One” or the “Company”) is pleased to announce assay results from recent wide-diameter (PQ) core drilled for metallurgical test work at its Tuvatu Gold Project in Fiji.

These results complement the excellent results obtained by the infill drill program completed earlier this year and reported on February 23, 2022 (Lion One Reports Additional High Grade Intercepts, Completes Phase 1 Infill Drill Program at Tuvatu – Lion One Metals). The additional results provided by the metallurgical drill program reported here will be applied to the ongoing remodelling of the Tuvatu orebody that will inform the resource update scheduled for Q1 2023. Results of the metallurgical study that will be based on the material provided by this drilling program will be reported as they are received.

Highlight intercepts include:

TUDDM-001 intersecting the URW1 mineralized vein:

14.96 g/t Au over 24.0m from 81.8-105.8m including:
- – 105.19 g/t Au over 0.3m from 86.9-87.2m
- – 18.67 g/t Au over 0.6m from 91.4-92.0m
- – 19.43 g/t Au over 0.6m from 93.2-93.8m
- – 26.59 g/t Au over 0.9m from 95.6-96.5m
- – 14.80 g/t Au over 0.6m from 96.5-97.1m
- – 23.43 g/t Au over 0.6m from 97.1-97.7m
- – 13.63 g/t Au over 0.6m from 97.7-98.3m
- – 33.76 g/t Au over 0.6m from 98.3-98.9m
- – 22.36 g/t Au over 0.6m from 98.9-99.5m
- – 6.04 g/t Au over 0.9m from 99.5-100.4m
- – 78.64 g/t Au over 2.4m from 103.4-105.8m which includes:
- – 9.44 g/t Au over 0.6m from 104.6-105.2m
- – 297.70 g/t Au over 0.6m from 105.2-105.8m

TUDDM-003 intersecting the URW1 mineralized vein:

65.13 g/t Au over 3.2m from 78.8-82.0m including:
- – 98.88 g/t Au over 2.1m from 78.8-80.9m which includes:
- – 58.18 g/t Au over 0.3m from 78.8-79.1m
- – 624.81 g/t Au over 0.3m from 79.1-79.4m
23.27 g/t Au over 3.3m from 118.9-122.2m including
- – 50.67 g/t Au over 1.5m from 118.9-120.4m which includes:
- – 19.49 g/t Au over 0.9m from 118.9-119.8m
- – 97.45 g/t Au over 0.6m from 119.8-120.4m

TUDDM-004 intersecting the SKL and URW1 mineralized veins:

260.44 g/t Au over 0.3m from 55.7-56.0m
213.52 g/t Au over 0.9m from 56.6-57.5m
40.08 g/t Au over 0.9m from 78.2-79.1m
10.03 g/t Au over 3.0m from 130.6-133.6m including:
- – 59.82 g/t Au over 0.3m from 130.6-130.9m
- – 11.39 g/t Au over 0.3m from 130.9-131.2m
- – 13.64 g/t Au over 0.3m from 131.2-131.5m

TUDDM-005 intersecting the Murau (M) mineralized vein:

9.30 g/t Au over 5.4m from 127.7-133.1m including:
- – 31.56 g/t Au over 0.6mfrom 128.9-129.5m
- – 14.99 g/t Au over 1.2mfrom 129.5-130.7m
- – 6.08 g/t Au over 0.9mfrom 132.2-133.1m
22.80g/t Au over 1.5m from 140.3-141.8m including:
- – 9.55 g/t Au over 0.3m from 140.6-140.9m
- – 10.54 g/t Au over 0.3m from 140.9-141.2m
- – 58.59 g/t Au over 0.3m from 141.2-141.5m
- – 32.03 g/t Au over 0.3m from 141.5-141.8m

TUDDM-006 intersecting the Murau (M) Lodes

9.87g/t Au over 3.9m from 141.8-145.7m including:
- – 10.01g/t Au over 1.2mfrom 141.8-143.0m
- – 13.74g/t Au over 0.6m from 143.3-143.9m
- – 13.49g/t Au over 1.2m from 144.5-145.7m

All six metallurgical drill holes were drilled from surface using wide diameter PQ core (85mm) between June 6 and August 10, 2022. The purpose of the program was to collect samples from areas scheduled for mining in the first 3 years of development. These assays presented are a result of one eighth split core, with the remaining seven eighths being sent to Bureau Veritas metallurgical laboratory in Vancouver, Canada for test work to assist in the design of optimised recoveries. As this is a metallurgical program, the holes were designed to intersect some vein sets at an oblique angle in-order to maximise mineralized sample recovery and as such, while drill widths does not necessarily represent true widths, the results provide information on the continuity of Au grades. The URW1 lode is interpreted to strike north-south and dip steeply east and has a true width of approximately 1 to 7 metres. The Murau lodes are interpreted to strike east-west with a moderate southerly dip with multiple lodes of true-width between 0.3 and 4 metres. The SKL lodes are dip subhorizontally, with true-widths of between 0.3 and 1 metre.

Lion One CEO Walter Berukoff commented, “These latest results underscore the continuous, high-grade nature of the mineralization at Tuvatu. Each batch of drill results adds enormous value to the project in both addition of ounces to the total metal budget as well as clarification of important upside potential.”

Cannot view this image? Visit: https://images.newsfilecorp.com/files/2178/139412_3c08c4f0d449dba2_001.jpg

Figure 1. Image from Leapfrog software long-section view west showing select results from metallurgical drilling campaign. The Murau (red) and SKL lode (purple) orientations are projected on to section.

To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/2178/139412_3c08c4f0d449dba2_001full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/2178/139412_3c08c4f0d449dba2_002.jpg

Figure 2. Image from Leapfrog software plan view showing select results from metallurgical drilling campaign. The general outline of the Murau (red) and SKL lode (purple) is projected onto the plan.

To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/2178/139412_3c08c4f0d449dba2_002full.jpg

Table 1: Drilling intervals returning >0.5 g/t Au. Intervals > 3.0 g/t Au cutoff are shown in red, and intervals > 9.0 g/t Au or longer than 1.2m are bolded.

Hole ID	From (m)	To (m)	Interval	Metres	Lode
TUDDM-001	62.0	62.9	0.9	0.58	SKLW7
TUDDM-001	70.4	71.3	0.9	0.78	SKLW8
TUDDM-001	76.4	77.3	0.9	1.04	Undefined
TUDDM-001	79.4	80.6	1.2	1.56	SKLW12
TUDDM-001	81.8	105.8	24.0	14.96	URW1
Incl.	86.9	87.2	0.3	105.19	URW1
Incl.	91.4	92.0	0.6	18.67	URW1
Incl.	93.2	93.8	0.6	19.43	URW1
Incl.	95.6	96.5	0.9	26.59	URW1
Incl.	96.5	97.1	0.6	14.80	URW1
Incl.	97.1	97.7	0.6	23.43	URW1
Incl.	97.7	98.3	0.6	13.63	URW1
Incl.	98.3	98.9	0.6	33.76	URW1
Incl.	98.9	99.5	0.6	22.36	URW1
Incl.	99.5	100.4	0.9	6.04	URW1
Incl.	103.4	105.8	2.4	78.64	URW1
Which Incl.	104.6	105.2	0.6	9.44	URW1
and incl.	105.2	105.8	0.6	297.70	URW1
TUDDM-001	107.3	112.4	5.1	4.40	URW1
Incl.	107.3	107.9	0.6	17.00	URW1
Incl.	107.9	108.5	0.6	5.63	URW1
TUDDM-001	122.9	123.8	0.9	6.07	M7
Incl.	122.9	123.5	0.6	6.12	M7
Incl.	123.5	123.8	0.3	5.96	M7
TUDDM-002	11.5	19.4	7.9	0.93	ME1
TUDDM-002	23.0	23.3	0.3	2.93	ME1
TUDDM-002	24.8	26.6	1.8	1.31	ME1
TUDDM-002	28.7	29.0	0.3	1.11	ME1
TUDDM-002	30.8	36.2	5.4	3.29	SKLW6
Incl.	33.2	33.5	0.3	19.60	SKLW6
Incl.	33.5	34.1	0.6	6.03	SKLW6
TUDDM-002	40.1	41.0	0.9	1.45	SKLW7
TUDDM-002	47.6	48.2	0.6	1.55	SKLW8
TUDDM-002	51.2	51.5	0.3	14.26	SKLW9
TUDDM-002	55.1	55.7	0.6	0.84	SKLW9
TUDDM-002	59.0	59.6	0.6	3.71	SKLW9
Incl.	59.3	59.6	0.3	5.15	SKLW9
TUDDM-002	61.1	61.7	0.6	0.89	SKLW9
TUDDM-002	64.7	72.6	7.9	2.39	URW1
Incl.	65.6	66.2	0.6	6.76	URW1
Incl.	67.7	68.0	0.3	5.81	URW1
Incl.	69.8	70.1	0.3	5.14	URW1
TUDDM-002	75.3	75.6	0.3	1.66	M8
TUDDM-002	78.9	81.5	2.6	4.83	M8
Incl.	79.7	80.3	0.6	6.75	M8
Incl.	80.3	80.9	0.6	6.71	M8
TUDDM-002	84.2	86.3	2.1	4.24	M8
Incl.	84.2	84.5	0.3	11.91	M8
Incl.	84.5	84.8	0.3	7.41	M8
Incl.	84.8	85.1	0.3	5.17	M8
TUDDM-002	97.8	98.4	0.6	0.81	M9
TUDDM-002	101.1	101.7	0.6	1.71	M9
TUDDM-003	8.6	10.4	1.8	2.52	Undefined
Incl.	9.5	9.8	0.3	6.76	Undefined
TUDDM-003	12.2	13.1	0.9	0.73	Undefined
TUDDM-003	14.3	16.1	1.8	0.64	Undefined
TUDDM-003	17.6	17.9	0.3	0.82	Undefined
TUDDM-003	19.4	20.0	0.6	0.69	Undefined
TUDDM-003	23.6	23.9	0.3	1.43	Undefined
TUDDM-003	26.3	35.9	9.6	2.47	ME1
Incl.	31.7	32.0	0.3	6.79	ME1
Incl.	34.1	34.4	0.3	45.68	ME1
TUDDM-003	37.1	42.3	5.2	0.61	SKLW6
TUDDM-003	45.6	47.1	1.5	0.89	SKLW8
TUDDM-003	49.1	49.7	0.6	2.34	SKLW8
TUDDM-003	50.9	55.1	4.2	2.84	SKLW9
Incl.	51.5	51.8	0.3	5.16	SKLW9
Incl.	54.2	54.5	0.3	7.39	SKLW9
TUDDM-003	65.9	67.4	1.5	0.65	SKLW9
TUDDM-003	71.0	73.4	2.4	9.74	URW1
Incl.	71.6	72.2	0.6	5.00	URW1
Incl.	72.2	72.8	0.6	14.41	URW1
Incl.	72.8	73.4	0.6	16.77	URW1
TUDDM-003	78.8	82.0	3.2	65.13	URW1
Which Incl.	78.8	80.9	2.1	98.88	URW1
Incl.	78.8	79.1	0.3	58.18	URW1
Incl.	79.1	79.4	0.3	624.81	URW1
Incl.	79.4	79.7	0.3	6.20	URW1
TUDDM-003	91.9	93.1	1.2	1.00	URW1
TUDDM-003	95.2	98.9	3.7	4.89	M4
Incl.	95.2	95.8	0.6	12.44	M4
Incl.	97.6	97.9	0.3	18.60	M4
TUDDM-003	101.0	106.4	5.4	4.17	M5
Incl.	101.0	102.2	1.2	9.01	M5
Incl.	103.1	103.7	0.6	10.33	M5
Incl.	103.7	104.3	0.6	5.52	M5
TUDDM-003	118.9	122.2	3.3	23.29	M7
Which Incl.	118.9	120.4	1.5	50.67	M7
Incl.	118.9	119.8	0.9	19.49	M7
Incl.	119.8	120.4	0.6	97.45	M7
TUDDM-003	132.1	133.3	1.2	1.13	M7
TUDDM-004	8.6	8.9	0.3	1.22	M7
TUDDM-004	10.1	10.7	0.6	0.71	M7
TUDDM-004	12.5	16.7	4.2	0.42	M7
TUDDM-004	17.9	18.2	0.3	2.19	M7
TUDDM-004	19.4	22.1	2.7	1.85	M7
Incl.	19.7	20.0	0.3	6.95	M7
TUDDM-004	23.3	23.9	0.6	0.99	M7
TUDDM-004	26	29.6	3.6	0.78	ME1
TUDDM-004	31.1	36.8	5.7	1.11	ME1
TUDDM-004	38.6	39.8	1.2	0.77	Undefined
TUDDM-004	43.4	44.0	0.6	0.56	SKLW6
TUDDM-004	55.7	56.0	0.3	260.44	SKLW8
TUDDM-004	56.6	57.5	0.9	213.52	SKLW8
TUDDM-004	64.7	68.6	3.9	0.85	Undefined
TUDDM-004	78.2	79.1	0.9	40.08	SKLW10
TUDDM-004	83.0	83.9	0.9	1.40	Undefined
TUDDM-004	85.7	86.9	1.2	21.10	SKLW11
Incl.	86	86.9	0.9	26.72	SKLW11
TUDDM-004	89.6	92.3	2.7	3.13	Undefined SKL
Incl.	91.7	92.0	0.3	10.05	Undefined SKL
Incl.	92.0	92.3	0.3	11.03	Undefined SKL
TUDDM-004	95.9	101.2	5.3	4.13	Undefined SKL
Incl.	96.4	97.0	0.6	9.28	Undefined SKL
Incl.	97.0	97.6	0.6	6.87	Undefined SKL
Incl.	100.6	101.2	0.6	7.30	Undefined SKL
TUDDM-004	112.9	114.4	1.5	14.14	Undefined SKL
Incl.	112.9	113.2	0.3	22.61	Undefined SKL
Incl.	113.2	113.5	0.3	11.88	Undefined SKL
Incl.	113.5	114.4	0.9	12.07	Undefined SKL
TUDDM-004	116.2	117.4	1.2	0.95	Undefined SKL
TUDDM-004	121.6	122.5	0.9	4.02	Undefined SKL
TUDDM-004	124.9	125.5	0.6	6.02	URW1
Incl.	125.2	125.5	0.3	11.51	URW1
TUDDM-004	128.5	129.1	0.6	1.09	URW1
TUDDM-004	130.6	133.6	3.0	10.03	URW1
Incl.	130.6	130.9	0.3	59.82	URW1
Incl.	130.9	131.2	0.3	11.39	URW1
Incl.	131.2	131.5	0.3	13.64	URW1
TUDDM-004	136.3	136.9	0.6	2.80	URW1
TUDDM-004	153.0	153.6	0.6	9.79	URW1
TUDDM-005	74.3	79.7	5.4	1.69	M1
Incl.	77.3	77.6	0.3	11.66	M1
TUDDM-005	80.9	83.0	2.1	5.89	M2
TUDDM-005	85.7	86.9	1.2	1.85	M3
TUDDM-005	105.5	106.4	0.9	8.84	M4
TUDDM-005	123.8	126.5	2.7	10.98	M8
Incl.	124.4	124.7	0.3	8.51	M8
Incl.	125.9	126.2	0.3	64.21	M8
Incl.	126.2	126.5	0.3	18.15	M8
TUDDM-005	127.7	133.1	5.4	9.30	M8
Incl.	128.9	129.5	0.6	31.56	M8
Incl.	129.5	130.7	1.2	14.99	M8
Incl.	132.2	133.1	0.9	6.08	M8
TUDDM-005	136.7	139.1	2.4	11.50	M9
Incl.	138.2	138.5	0.3	50.06	M9
Incl.	138.5	138.8	0.3	16.66	M9
Incl.	138.8	139.1	0.3	10.14	M9
TUDDM-005	140.3	141.8	1.5	22.80	M10
Incl.	140.6	140.9	0.3	9.55	M10
Incl.	140.9	141.2	0.3	10.54	M10
Incl.	141.2	141.5	0.3	58.59	M10
Incl.	141.5	141.8	0.3	32.03	M10
TUDDM-006	56.3	56.6	0.3	0.53	M10
TUDDM-006	93.2	95.6	2.4	4.20	M3
Incl.	94.4	95.6	1.2	6.30	M3
TUDDM-006	98.9	99.5	0.6	9.06	M4
Incl.	99.2	99.5	0.3	15.96	M4
TUDDM-006	113.9	114.8	0.9	3.39	M5
TUDDM-006	136.7	138.5	1.8	3.64	M8
Incl.	137.3	138.5	1.2	5.12	M8
TUDDM-006	141.8	145.7	3.9	9.87	M9
Incl.	141.8	143.0	1.2	10.01	M9
Incl.	143.3	143.9	0.6	13.74	M9
Incl.	144.5	145.7	1.2	13.49	M9

Table 2: Survey details of diamond drill holes referenced in this release

Hole No	Coordinates (Fiji map grid)	RL	final depth	dip	azimuth
	E	N		m		(TN)
TUDDM-001	1876337	3920739	227.2	151.4	-90	–
TUDDM-002	1876348	3920796	209.5	112.4	-76	219
TUDDM-003	1876350	3920793	206.7	159.4	-59	197
TUDDM-004	1876352	3920798	209.7	154.2	-59	180
TUDDM-005	1876335	3920737	227.3	173.6	-69	304
TUDDM-006	1876335	3920738	227.2	180.1	-59	302

Qualified Person
In accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), Sergio Cattalani, P.Geo, Senior Vice President Exploration, is the Qualified Person for the Company and has reviewed and is responsible for the technical and scientific content of this news release.

QAQC Procedures
Lion One adheres to rigorous QAQC procedures above and beyond basic regulatory guidelines in conducting its sampling, drilling, testing, and analyses. The Company utilizes its own fleet of diamond drill rigs, using PQ, HQ and NQ sized drill core rods. Drill core is logged and split by Lion One personnel on site. Samples are delivered to and analysed at the Company’s geochemical and metallurgical laboratory in Fiji. Duplicates of all samples with grades above 0.5 g/t Au are both re-assayed at Lion One’s lab and delivered to ALS Global Laboratories in Australia (ALS) for check assay determinations. All samples for all high-grade intercepts are sent to ALS for check assays. All samples are pulverized to 80% passing through 75 microns. Gold analysis is carried out using fire assay with an AA finish. Samples that have returned grades greater than 10.00 g/t Au are then re-analysed by gravimetric method. For samples that return greater than 0.50 g/t Au, repeat fire assay runs are carried out and repeated until a result is obtained that is within 10% of the original fire assay run. For samples with multiple fire assay runs, the average of duplicate runs is presented. Lion One’s laboratory can also assay for a range of 71 other elements through Inductively Coupled Plasma Optical Emission Spectrometry (ICP-OES), but currently focuses on a suite of 9 important pathfinder elements. All duplicate anomalous samples are sent to ALS labs in Townsville QLD and are analysed by the same methods (Au-AA26, and Au-GRA22 where applicable). ALS also analyses for 33 pathfinder elements by HF-HNO3-HClO4 acid digestion, HCl leach and ICP-AES (method ME-ICP61).

About Lion One Metals Limited
Lion One’s flagship asset is 100% owned, fully permitted high grade Tuvatu Alkaline Gold Project, located on the island of Viti Levu in Fiji. Lion One envisions a low-cost high-grade underground gold mining operation at Tuvatu coupled with exciting exploration upside inside its tenements covering the entire Navilawa Caldera, an underexplored yet highly prospective 7km diameter alkaline gold system. Lion One’s CEO Walter Berukoff leads an experienced team of explorers and mine builders and has owned or operated over 20 mines in 7 countries. As the founder and former CEO of Miramar Mines, Northern Orion, and La Mancha Resources, Walter is credited with building over $3 billion of value for shareholders.

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

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

Neither the TSX Venture Exchange nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this release.

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

Tags #JuniorMining, #MauriceJackson, #ProvenAndProbable

Base Metals Emx Royalty Energy Junior Mining Uncategorized

EMX to Receive US$ 3 Million Milestone Payment for the Parks-Salyer Royalty Property in Arizona

Post author By admin
Post date October 4, 2022

Vancouver, British Columbia–(Newsfile Corp. – October 4, 2022) – EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (FSE: 6E9) (the “Company” or “EMX”) is pleased to announce that it will receive a US$3 million milestone payment from Arizona Sonoran Copper Company, Inc. (TSX: ASCU) (“ASCU”) for the Parks-Salyer royalty property (the “Royalty Property”) in Arizona. The Royalty Property was held under a lease arrangement by EMX’s wholly owned subsidiary Bronco Creek Exploration Inc., and was transferred to ASCU via Assignment and Royalty Agreements (the “Agreements”) executed earlier this year (see EMX news release dated February 10, 2022). EMX’s Royalty Property covers 158 acres of ASCU’s Parks-Salyer copper project. The milestone payment results from ASCU’s maiden resource estimate for the Parks-Salyer project that exceeds thresholds for contained copper included within EMX’s Royalty Property footprint. The Company also retains a 1.5% net smelter return (“NSR”) royalty covering the Royalty Property.

EMX’s Parks-Salyer Royalty Property provides an example of a significant pre-production payment to the Company resulting from its copper porphyry royalty generation program in Arizona. The Property’s porphyry targets, which are concealed beneath post-mineral cover, were identified by EMX based upon structural geological assessments of historical exploration data. The open ground covering these targets was acquired by EMX at minimal cost. The 158 acres transferred to ASCU complemented the property position at its Parks-Salyer project, while providing EMX with pre-production payments and exploration, development, and royalty upside optionality at no additional cost to the Company.

Commercial Terms and Property Summary (all dollar amounts in USD). The Agreements provided for a one-time cash payment to EMX for the assignment of EMX’s rights covering the Property, as well as the 1.5% NSR royalty interest (ASCU may buy back 1% of the royalty for $500,000), work commitments, annual advance royalty (“AAR”) payments, and the $3 million milestone payment to EMX based upon declared resources totaling 200 million pounds or more of contained copper covered by EMX’s Royalty Property. ASCU’s (global) maiden resources for its Parks-Salyer project were disclosed in a news release dated September 28, 2022.

Parks-Salyer is located approximately five kilometers northwest of Casa Grande, Arizona and approximately 1.5 kilometers southwest of the historical Sacaton open pit copper mine. Sacaton was a porphyry copper-molybedenum mine operated by Asarco (1974-1984), and is now being advanced by ASCU as the PEA stage Cactus Project. The Parks-Salyer deposit lies beneath post-mineral gravels and represents a tilted, and fault-displaced portion of the Casa Grande-Santa Cruz porphyry system.

Qualified Person. Michael P. Sheehan, CPG, a Qualified Person as defined by National Instrument 43-101 and employee of the Company, has reviewed, verified and approved the disclosure of the technical information contained in this news release.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%2522Arizona%253BCompany%253BCasa_Grande%252C_Arizona%253BCopper_Project%2522%252C%2522lmsid%2522%253A%2522a0V0W00000HOPDcUAP%2522%252C%2522revsp%2522%253A%2522newsfile_64%2522%252C%2522lpstaid%2522%253A%2522d7d1d544-54c0-352e-9892-db00e84c428c%2522%252C%2522pageContentType%2522%253A%2522story%2522%257D

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

About Arizona Sonoran Copper Company. ASCU’s objective is to become a mid-tier copper producer with low operating costs, develop the Cactus and Parks-Salyer Project that could generate robust returns for investors, and provide a long term sustainable and responsible operation for the community and all stakeholders. The Company’s principal asset is a 100% interest in the Cactus Project (former ASARCO, Sacaton mine) and Parks-Salyer deposit which is situated on private land in an infrastructure-rich area of Arizona.

For further information contact:

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

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

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

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

Forward-Looking Statements

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

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, including the risks and uncertainties identified in this news release, and other risk factors and forward-looking statements listed in the Company’s MD&A for the quarter ended June 30, 2022 and the year ended December 31, 2021 (the “MD&A”), and the most recently filed Revised Annual Information Form (the “AIF”) for the year ended December 31, 2021, actual events may differ materially from current expectations. More information about the Company, including the MD&A, the AIF and financial statements of the Company, is available on SEDAR at www.sedar.com and on the SEC’s EDGAR website at www.sec.gov.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/139372

Tags #EMX, #EMXRoyalty, #InvestingInBatteryMetals, #InvestingInCopper, #JuniorMining, #MauriceJackson, #PreciousMetals, #ProvenAndProbable, #RickRule, Davide Cole, maurice jackson, proven and probable, Quinton Hennigh

Base Metals Energy Junior Mining Precious Metals

Dolly Varden and Fury Announce the Sale of Dolly Varden Common Shares to an Institutional Investor

Post author By admin
Post date October 3, 2022

Vancouver, British Columbia–(Newsfile Corp. – October 3, 2022) – Dolly Varden Silver Corporation (TSXV: DV) (OTCQX: DOLLF)(“Dolly Varden”) and Fury Gold Mines Ltd (“Fury”) are pleased to announce that Dolly Varden’s largest shareholder, Fury, with the approval and consent of Dolly Varden, has entered into an agreement to sell 17 million common shares at C$0.40 in the capital of the Dolly Varden (“Common Shares“), representing approximately 7.4% of the outstanding Common Shares, to a well known institutional investor (the “Transaction“).

Fury approached Dolly Varden about the sale of a portion of its Common Shares as a way for Fury to finance continued exploration at the Eau Claire and Éléonore South Joint Venture projects in Quebec and for general working capital. Following completion of the Transaction, Fury will continue to hold approximately 26% of the Common Shares and will be well capitalized for its upcoming exploration activities. While Dolly Varden will receive no proceeds from the Transaction, the company is pleased to be welcoming a new financial institutional investor.

Shawn Khunkhun, Chief Executive Officer of Dolly Varden said, “We are pleased to have been involved in discussions regarding the Transaction and to consent to the sale by Fury of a portion of its holdings in Dolly Varden to a new institutional investor for Dolly Varden. We believe the transaction is mutually beneficial for Dolly Varden and Fury as it brings another experienced institutional investor to Dolly Varden while providing Fury with funding for its Eau Claire and Éléonore South Joint Venture projects in Quebec. We consider Fury to be our partner in the exploration and development of the Company’s proposed Kitsault Valley Project, and we are happy to be able to support a transaction that benefits both companies.”

Tim Clark, CEO and Director of Fury, added, “We would like to thank Dolly Varden for the support on this mutually beneficial transaction. We view this as a prudent and strategic joint decision that will provide capitalization for Fury’s exciting potential at its Eau Claire and Éléonore South Joint Venture projects, and also add a significant institutional investor to Dolly Varden’s current share ownership. Going forward, Fury is still the largest investor in Dolly Varden at 26% and we remain confident in both their management team and projects. We believe that success in this industry is about working well with your partners and are thrilled about the opportunities ahead for both companies.”

Fury acquired the Common Shares of Dolly Varden in February 2022 when Dolly Varden acquired, through the acquisition of Fury’s wholly-owned subsidiary Homestake Resource Corporation, a 100% interest in the Homestake Ridge gold-silver project (the “Homestake Ridge Project“), located adjacent to the Dolly Varden Project in the Golden Triangle, British Columbia.

At that time, Dolly Varden and Fury also entered into an investor rights agreement (the “Investor Rights Agreement“) granting Fury certain board nomination and participation rights as well as providing for customary re-sale restrictions, voting and standstill conditions and a one-year hold period. Dolly Varden has provided its consent under the Investor Rights Agreement to the Transaction.

Dolly Varden understands that Fury intends to file a Form 45-102F1 Notice of Intention to Distribute Securities under Section 2.8 of National Instrument 45-102 – Resale of Securities later today to facilitate the sale. Closing of the Transaction is anticipated to occur on the business day following the expiry of the seven day notice period under NI 45-102. It is not anticipated that the purchaser will become a 10% or greater shareholder of Dolly Varden upon completion of the Transaction.

Upon completion of the Transaction, the ownership interest of Fury in Dolly Varden will be reduced from the current 76,504,590 Shares, representing 33% of the outstanding common shares of Dolly Varden, to 59,504,590 Dolly Varden Shares, representing 26% of the outstanding common shares of Dolly Varden. Fury will file an amendment to its current Early Warning Report on SEDAR to reflect its change in ownership position. Fury will continue to have two nominees on Dolly Varden’s board of directors under the Investor Rights Agreement following completion of the Transaction as Fury’s ownership will remain above the 20% level. Fury will continue to hold its shares in Dolly Varden for investment purposes and will evaluate its investment in Dolly Varden on ongoing basis and may increase or decrease its holdings in Dolly Varden in the future, subject to its rights and obligations under the Investor Rights Agreement, a copy of which has been filed under Fury’s and Dolly Varden’s SEDAR profile.

About Dolly Varden Silver Corporation

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

About Fury Gold Mines Limited

Fury Gold Mines Limited is a well financed Canadian-focused exploration company positioned in two prolific mining regions across the country and holds a 59.5 million common share position in Dolly Varden Silver Corp. Led by a management team and board of directors with proven success in financing and advancing exploration assets, Fury intends to grow its multi-million-ounce gold platform through rigorous project evaluation and exploration excellence. Fury is committed to upholding the highest industry standards for corporate governance, environmental stewardship, community engagement and sustainable mining. For more information on Fury Gold Mines, visit www.furygoldmines.com.

Dolly Varden Contact Information

Shawn Khunkhun, CEO & Director, 1-604-602-1440, www.dollyvardensilver.com

Fury Contact Information

Margaux Villalpando, Investor Relations, 1-844-601-0841, www.furygoldmines.com

Forward-Looking Statements

This release may contain forward-looking statements or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including, without limitation, statements containing the words “believe”, “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “potential”, and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Dolly Varden to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward-looking statements or information in this release relates to, among other things, the intended closing of the Transaction, the use of proceeds from the Transaction by Fury and Fury’s intention to file certain regulatory forms.

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

For additional information on risks and uncertainties, see the Company’s annual information form (“AIF“) dated September 23, 2022 for the year ended December 31, 2021 available on SEDAR at www.sedar.com. The risk factors identified in the AIF are not intended to represent a complete list of factors that could affect the Company.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/139179

Tags #InvestingInBatteryMetals, #JuniorMining, #MauriceJackson, #ProvenAndProbable

Base Metals Energy Junior Mining Precious Metals Project Generators

Riverside Resources Regains 100% Control of the La Union Gold-Silver-Zinc Project After More than US$500,000 in Partner Funded Exploration and Consolidation Work

Post author By admin
Post date October 3, 2022

Vancouver, British Columbia–(Newsfile Corp. – October 3, 2022) – Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) (“Riverside” or the “Company”), has been reimbursed for past taxes and fees with more than USD$500,000 of new mineral exploration and consolidation work completed to-date as per the option agreement announced in May 2022 with Hochschild Mining Corp. Exploration work at La Union Project (the “Project”) has returned gold (“Au”) values greater than two ounces per ton (“oz/t”), silver (“Ag”) values over 20 oz/t and up to six percent zinc (“Zn”) (see press release dated October 6, 2021). There are four primary drill targets that were defined from 2022 exploration programs, however Minera Hochschild Mexico SA de CV (“Hochschild”) has decided not to proceed with the option and further exploration spending at La Union for corporate strategy reasons.

Riverside’s President and CEO, John-Mark Staude, commented: “We appreciate the collaboration with Hochschild and the contributions in advancing La Union. The Project has clear exploration upside and while the timing doesn’t currently work to continue with this partnership, we still see an opportunity to create significant value at La Union and will integrate all of the data and evaluate new partnership opportunities in the near future.”

Riverside is now free to move ahead with seeking other partners for the 26 km sq project located in the favorable limestone carbonate replacement (CRD) belt of western Sonora, Mexico. The Union Project displays mineralized gold-silver-zinc-lead rich mantos (tabular bodies) hosted in the Precambrian limestone strata with mineralized chimneys cutting upward into the Cambrian limestone with a surrounding halo of alteration, dolomitization, and silicification. Furthermore, the previous mining activities did not treat sulfides at the time, providing another untested mineralization style for future drilling.

The latest exploration investment helped to define the main structural and lithological controls of the mineralization which is fundamental for successful exploration of the Union district. Technical work has defined NNW-oriented subvertical structures that acted as conducts for mineralizing fluids and which interacted with thick (> 200m) highly reactive carbonate host rocks (Caborca and Arpa Formations) delineating three main CRD target areas (Figure 1).

Target 1: This area displays a mineral and alteration footprint larger than 2 x 1.5 km, with new geochemistry yielding 7 – 10g/t Au, 170 – 279 g/t Ag and Zn ranging from 1.2 – 11.6 % (Figure 1).
Target 2: New surface geochemistry in this area returned 2.5 – 7 g/t Au, up to 73 g/t Ag and 3.2 % Zn.
Target 3: is close to la Famosa Mine where the previous sampling returned ~2 oz/t Au, ~26 oz/t Ag, and > 4% Zn (Oct 6, 2021, news release).

Newly completed regional and local structural geology has been aided through stratigraphic geologic work by the Company which provides a district-wide targeting cross-section that helps for planning future drilling as shown below.

Figure 1 – New geologic map and gold assay data from rock sampling defining primary target areas and property wide N-S cross section showing the mantos and chimneys in the Precambrian-Cambrian carbonate stratigraphy.

To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/6101/139216_8de2d333444a4a5d_002full.jpg

Exploration work completed to-date includes extensive field mapping, sampling, and geochemistry. The newly mapped and sampled areas show alteration features typical of CRD targets and particularly the gossan oxidation of potential sulfide bodies at shallow depths (<100m) that remain wide open for relatively low-risk, high-potential exploration. The Company has been able to link various units into the broader stratigraphic units of the Sierra El Viejo and overall Caborca Geologic Terrane, which had previous scientific investigations, but limited CRD drill testing so far sets up the project for immediate further exploration discovery. To that effect, a first phase of drilling could include 10 drillholes to test the continuity of the gossans and target areas along the NNW corridor shown in Figure 1 above. Therefore, 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.

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

Rock samples from the exploration program discussed above at the La Union Project were taken to the Bureau Veritas Laboratories in Hermosillo, Mexico for fire assaying for gold. The rejects remained with Bureau Veritas in Mexico while the pulps were transported to Bureau Veritas laboratory in Vancouver, BC, Canada for 45 element ICP/ES-MS analysis using 4-acid digestion methods. A QA/QC program was implemented as part of the sampling procedures for the exploration program. Standard samples were randomly inserted into the sample stream prior to being sent to the laboratory.

About Riverside Resources Inc.:
Riverside is a well-funded exploration company driven by value generation and discovery. The Company has over $4M 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/139216

Tags #JuniorMining, #MauriceJackson, #ProjectGenerator, #ProvenAndProbable

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