Dear Subscriber, Episodes 3, 4, and 5 of Rick’s Classroom Series are now available for viewing. In this 10-part free video series, Rick and I focus on the fundamentals of successful investing and speculation, while addressing many of your most frequently asked questions. In these three installments, Rick and I continue our discussion on the Majors before moving on to Royalty/Streaming companies and Developers. We discuss:The origin of the Royalty/Streaming modelLarge vs small Royalty/Streaming companiesThe reason most resource investors should consider Royalty/Streaming companiesThree important documents to consider when evaluating a DeveloperThree important numbers to consider when evaluating a DeveloperConflicts of interest to watch out forThe cost of moving a development project forwardThe importance of specific expertise and when you might consider backing a less experienced team |
Click to watch: Rule ClassroomI hope you will join us. Best regards, Albert Lu |
Tag: #JuniorMining
Burlington, Ontario–(Newsfile Corp. – November 10, 2022) – Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) (‘SBMI’ or ‘the Company’) announces the Ontario Securities Commission revoked its failure to file cease trade order (“FFCTO”) against SBMI on Thursday, November 10, 2022.
The FFCTO was imposed on Tuesday, November 8, 2022, as a result of the Company not filing its audited financial statements and MDA as at June 30, 2022 on schedule. As previously disclosed, during the audit process there were no items of disagreement as between the Company and its auditors; rather, the delay in filing the audited financial statements and MDA was procedural, linked to the Arizona team’s lack of familiarity with the audit requirements for a reporting issuer. These procedural issues are being remedied going forward.
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; activities and attitudes of communities local to the location of the SBMI’s properties; risks of future legal proceedings; income tax matters; fires, floods and other natural phenomena; the rate of inflation; availability and terms of financing; distribution of securities; commodities pricing; currency movements, especially as between the USD and CDN; effect of market interest rates on price of securities; and, potential dilution. SARS CoV-2 and other potential global viruses create risks that at this time are immeasurable and impossible to define.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/143903
VANCOUVER, British Columbia, Nov. 09, 2022 (GLOBE NEWSWIRE) — Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FSE:4XO) (“Rover” or the “Company”) announces that further to its release of October 28, 2022, regarding its listed common share consolidation, per FINRA regulations in the United States, the Company will temporarily trade under ROVMD on the OTCQB. After November 28th, 2022, the Company will resume trading under its old symbol ROVMF.
Judson Culter, CEO at Rover Metals, states “a consolidation of our Company’s securities was necessary to position Rover for growth and success with our new critical mineral projects. Both the Let’s Go Lithium Project, Nevada, USA, and the IML Zinc-Copper Project, NT, Canada, require Phase 1 and Phase 2 Exploration Programs. Additionally, the Company’s existing gold projects require expanded Phase 2 Exploration Programs.”
About Rover Metals
Rover is a publicly traded junior mining company that trades on the TSXV under symbol ROVR, on the OTCQB under symbol ROVMF, and on the FSE under symbol 4XO. The Company is now developing a diverse portfolio of mineral resource projects: (1) Nevada Claystone Lithium; (2) Zinc-Copper-Lead-Silver in NT, Canada; as well as (3) Gold in NT, Canada. The Company is exclusive to the mining jurisdictions of the U.S. and Canada.
You can follow Rover on its social media channels:
Twitter: https://twitter.com/rovermetals
LinkedIn: https://www.linkedin.com/company/rover-metals/
Facebook: https://www.facebook.com/RoverMetals/
for daily company updates and industry news, and
YouTube: https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriber
for corporate videos.
Subscribe to our Newsletter on our Website: https://www.rovermetals.com/
ON BEHALF OF THE BOARD OF DIRECTORS
“Judson Culter”
Chief Executive Officer and Director
For further information, please contact:
Email: info@rovermetals.com
Phone: +1 (778) 754-2617
Statement Regarding Forward-Looking Information
This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Rover’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur. There can be no assurance that such statements prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Rover’s expectations. Rover undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.
Vancouver, British Columbia–(Newsfile Corp. – November 7, 2022) – Goldshore Resources Inc (TSXV: GSHR) will be participating in the Deutsche Goldmesse, which will take place on November 18th and 19th at The Westin Grand Frankfurt.
Members of the Goldshore Resources Inc management will be taking meetings throughout the day, and also present at 01:45pm CET on November 19th to an audience of European investors.
An online registration form is available, and investors can register to attend at: https://deutschegoldmesse.online/investor-registration/.
Kai Hoffmann, Managing Director of Soar Financial Partners, remarked, “We are excited to host our 3rd in-person premier mining investment event, bringing together carefully selected mining and exploration companies with the European investment community over the course of two days. We anticipate this to be our largest conference yet, and we are pleased to welcome again an astute line-up of keynote speakers.”
The Deutsche Goldmesse website is continuously being updated concerning attending companies, keynote speakers, agenda, etc.: www.deutschegoldmesse.com
About Goldshore Resources Inc
Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00F)Goldshore is an emerging well-financed junior gold developer, who acquired the Moss Lake Gold Project (Ontario, Canada) from Wesdome Gold Mines Ltd. In January 2021. The Moss Lake Project has a historical resource of c.1.5M oz Indicated and c.2.5M oz. Inferred and is conducting an extensive exploration strategy, including a 100,000m drilling program. As well, The Moss Lake Project has a historical copper mine (North Coldstream Mine) on its land package (operated by Noranda/Xstrata – 1954-1992), and significant other copper/gold targets to be tested going forward. Goldshore’s Moss Lake Project holds a large land package in North-western Ontario. The project displays significant resource potential, as Goldshore takes the project through its next stages of exploration and development, towards an updated mineral resource estimation (MRE) in Q4 2022; followed by updated preliminary economic assessment (PEA) in Q1 2023 and visibility towards feasibility study (FS) thereafter.
About Deutsche Goldmesse
Deutsche Goldmesse is Germany’s premier mining investment conference, based out of Frankfurt – one of Europe’s most important financial capitals. We bring together leading minds in the industry to foster new business opportunities and facilitate valuable relationships. The exclusive two-day event showcases industry-leading keynote speakers and up to 35 carefully considered companies in a range of commodities and stages from explorers to producers.
Hosted by Soar Financial Partners, we provide a platform where top company management can connect with a vast network of European institutional and HNW investors, retail investors, analysts, influencers, newsletter writers, media, and other local partners.
For further information:
Goldshore Resources Inc
Brett A Richards
Chief Executive Officer
19054491500
brett@brettrichards.org
www.goldshoreresources.com
North Vancouver, British Columbia–(Newsfile Corp. – November 7, 2022) – Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (“Lion One” or the “Company”) is pleased to announce results from hole TUDDH 608 as part of its ongoing deep drill program in definition of the “500” zone. Exceptional results include 23.7 meters (m) averaging 17.52 g/t gold with a horizontal true width of 10.4m. Mineralized intervals are inclusive of several bonanza-grade intercepts. This hole is consistent with Lion One’s geological model of a robust Alkalic gold system with increasing gold grade at depth.
Highlights
A deep high-grade intercept of 17.52 g/t Au over 23.7m with 10.4m true width from TUDDH 608
Targeting intersection of TUG 141 (20.86 g/t Au over 76.9m) and TUDDH 601 (12.22 g/t Au over 54.9m)
Structural interpretation for a deep high grade feeder system taking shape in Zone 500
TUDDH 608 – select high grade intercepts
From m | To m | Intercept m | Grade g/t Au |
594.5 | 618.2 | 23.70 | 17.89 |
594.5 | 614.1 | 19.60 | 21.16 |
596.7 | 603.1 | 6.40 | 42.58 |
596.7 | 597.9 | 1.20 | 85.10 |
599.8 | 600.4 | 0.60 | 108.31 |
Lion One Senior Vice President Exploration Sergio Cattalani commented “By drilling at a high angle across the TUG 141 (20.86 g/t gold over 76.9m) / TUDDH 601 (12.22 g/t Au over 54.9m) high-grade zone, TUDDH 608 was able to provide valuable information on the width and continuity of this zone. The outstanding results obtained of 17.52 g/t gold over 23.7m corresponds to a horizontal true width of 10.4m, which is approximately seven times the estimated average mining width, and at a grade that is nearly twice the average grade of the existing resource. The significance of this zone and its likely contribution to the increase in overall contained ounces cannot be overstated, as the extent of this zone may be much greater than previously thought. We are currently drilling several additional holes to test the possible plunge extent estimated by oriented core structural measurements. We will continue to report additional results as they become available.”
Hole TUDDH 608 (azimuth: 089°, dip: -64°), drilled from west to east, was designed drill across the high-grade zone identified in two directions by TUG 141 and TUDDH 601 (Figures 1, 2). With the completion of TUDDH 608 we can now better understand the true horizontal width and potential volume of the bonanza-grade feeder zone. The results are outstanding with 23.7m drilled width at 17.5 g/t gold, including 19.6m of 20.7 g/t gold (Figures 3-10). The horizontal true width of the zone at the drilled location is 10.4m (Figure 1). Lion One regards the confirmation of the high-grade feeder zone initially identified by TUG 141 and TUDDH 601 as transformational in that it confirms both continuity and implies extensive volume of the mineralized feeder zone below the current resource. Mineralization in TUDDH 608 extends from 594.5m to 618.2m (Table 1).
These results are part of ongoing exploration, infill, and grade-control drill programs. They complement the excellent results obtained by both the metallurgical and infill drill programs completed earlier this year and reported on October 4, 2022 Lion One Drills Exceptional High-Grade Intersections as Part of Metallurgical Drill Program, and February 23, 2022 Lion One Reports Additional High-Grade Intercepts, Completes Phase 1 Infill Drill Program at Tuvatu. The additional results from this on-going program reported here will be applied to the ongoing remodeling of the Tuvatu orebody that will inform the resource update and PEA scheduled for Q1 2023.
Lion One CEO Walter Berukoff commented “We look forward to further definition of the “Jewel box” dilatational feeder zone that we have been drilling out beneath the existing resource starting from surface at Tuvatu. This hole provides outstanding results for us as it continues to lend credence and proof-of-concept to the thesis of a deeper, very high-grade, feeder-style zone at depth. We continue to add enormous value to the mine as well as the critical exploration upside with the drill bit. We are defining what looks to be the next major high-grade discovery and world-class gold deposit right here in Fiji. We look forward to further results in very near future.”
Assay Data for TUDDH 608
Drill Hole | Easting | Northing | Elevation | Azimuth | Dip | Length (m) |
TUDDH 608 | 1876280.4 | 3920472.4 | 286.5 | 89 | -64 | 678.1 |
Drill Hole | From (m) | To (m) | Interval (m) | Au (g/t) |
TUDDH 608 | 38.0 | 38.6 | 0.6 | 1.04 |
263.8 | 264.4 | 0.6 | 0.79 | |
285.1 | 285.7 | 0.6 | 0.69 | |
493.6 | 493.9 | 0.3 | 3.08 | |
503.2 | 510.0 | 6.8 | 2.45 | |
Including | 506.7 | 507.3 | 0.6 | 10.50 |
511.2 | 515.7 | 4.5 | 1.45 | |
517.8 | 518.1 | 0.3 | 1.09 | |
519.3 | 523.2 | 3.9 | 1.50 | |
557.1 | 557.7 | 0.6 | 9.09 | |
Including | 557.1 | 557.4 | 0.3 | 11.65 |
Including | 557.4 | 557.7 | 0.3 | 6.52 |
559.2 | 559.8 | 0.6 | 3.03 | |
571.4 | 572.6 | 1.2 | 9.42 | |
Including | 571.4 | 572.0 | 0.6 | 17.03 |
Including | 572.0 | 572.6 | 0.6 | 1.80 |
576.5 | 577.4 | 0.9 | 0.51 | |
594.5 | 618.2 | 23.7 | 17.89 | |
Which Includes | 594.5 | 614.1 | 19.6 | 21.16 |
Also Including | 596.7 | 603.1 | 6.4 | 42.58 |
Including | 596.7 | 597.9 | 1.2 | 85.10 |
Including | 597.9 | 598.6 | 0.7 | 9.42 |
Including | 598.6 | 598.9 | 0.3 | 8.38 |
Including | 598.9 | 599.2 | 0.3 | 11.44 |
Including | 599.2 | 599.5 | 0.3 | 6.98 |
Including | 599.5 | 599.8 | 0.3 | 36.39 |
Including | 599.8 | 600.4 | 0.6 | 108.31 |
Including | 600.4 | 600.7 | 0.3 | 21.69 |
Including | 600.7 | 601.7 | 1.0 | 13.54 |
Including | 601.7 | 602.2 | 0.5 | 23.21 |
Including | 602.5 | 603.1 | 0.6 | 80.02 |
and | 603.1 | 603.7 | 0.6 | 7.05 |
Including | 603.7 | 604.0 | 0.3 | 11.98 |
Including | 606.0 | 606.6 | 0.6 | 54.54 |
Including | 606.6 | 607.2 | 0.6 | 12.00 |
Including | 607.2 | 607.8 | 0.6 | 8.30 |
Including | 607.8 | 608.4 | 0.6 | 29.57 |
Including | 609.3 | 609.6 | 0.3 | 24.31 |
Including | 610.2 | 610.8 | 0.6 | 10.85 |
Including | 610.8 | 611.1 | 0.3 | 7.54 |
Including | 611.4 | 612.1 | 0.7 | 45.02 |
Including | 612.1 | 612.9 | 0.8 | 13.31 |
and | 612.9 | 613.8 | 0.9 | 0.54 |
and | 613.8 | 614.1 | 0.3 | 1.87 |
and | 614.1 | 616.1 | 2.0 | <0.5 |
616.1 | 618.2 | 2.1 | 4.26 | |
Including | 616.1 | 616.7 | 0.6 | 11.72 |
Including | 616.7 | 617.5 | 0.8 | 1.87 |
Including | 617.5 | 618.2 | 0.7 | 0.59 |
670.2 | 670.5 | 0.3 | 1.05 |
Figure 1: Tuvatu Alkalic gold mine. Blue shapes are areas of known mineralization that define the current resource. Note the trifecta of holes that delineate, in 3 different orientations, the 10.4m true width of the “Jewel Box” high-grade zone (Brown =>10 g/t Au) which occurs within the larger high-grade 500 feeder zone
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/143271_01ab336bd4c69bc8_001full.jpg
Figure 2: Closer view of the lower portion of Figure 1, depicting theorientation of selected drill holes that define a coherent high-grade portion within the high-grade 500 Zone mineralization entirely below the current resource.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/143271_01ab336bd4c69bc8_002full.jpg
Figure 3: TUDDH 608. Visible gold at 571.5m. Grade: 17.03 g/t Au
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/143271_01ab336bd4c69bc8_003full.jpg
Figure 4: TUDDH 608. Mineralized Andesite core at 596.7-597.9m. Grade: 85.41 g/t Au over 1.2m
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/143271_01ab336bd4c69bc8_004full.jpg
Figure 5: TUDDH 608. Gold-bearing mm scale veins at 599.5m. Grade: 36.39 g/t Au
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/143271_01ab336bd4c69bc8_005full.jpg
Figure 6: TUDDH 608. Gold-bearing veins at 600.5m. Grade: 21.69 g/t Au
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/143271_01ab336bd4c69bc8_006full.jpg
Figure 7: TUDDH 608. Gold-bearing mm-scale veins at 600.8m. Grade: 13.54 g/t Au
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/143271_01ab336bd4c69bc8_007full.jpg
Figure 8: TUDDH 608. Visible gold at 602.6-603.0m within mm-scale vein. Grade: 80.02 g/t Au
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/143271_01ab336bd4c69bc8_008full.jpg
Figure 9: TUDDH 608. High-grade material hosted within mm-scale ladder vein at 606.5m. Grade: 54.54 g/t Au
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/143271_01ab336bd4c69bc8_009full.jpg
Figure 10: TUDDH 608. Visible gold in cut core. Grade: 45.02 g/t Au
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/143271_01ab336bd4c69bc8_010full.jpg
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 analyzed 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-analyzed 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. 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 analyzed by the same methods (Au-AA26, and Au-GRA22 where applicable). ALS also analyses 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/143271
Vancouver, British Columbia–(Newsfile Corp. – November 7, 2022) – Dolly Varden Silver Corporation (TSXV: DV) (OTCQX: DOLLF) (the “Company” or “Dolly Varden“) is pleased to announce results from drilling at the Torbrit Resource area, including infill and step-out drilling within the Kitsol Vein zone.
The high-grade, potentially bulk-mineable Kitsol Vein continued to deliver outstanding, contiguous silver and base metal mineralization, where DV22-291 intersected 12.51m (8.88m true width) averaging 442 g/t Ag, 0.68% Pb and 0.42% Zn, including of 1,367 g/t Ag over 1.50m (1.07m true width), as an up-dip infill hole from previous high-grade intercepts.
Highlights include:
- DV22-289: 979 g/t Ag over 0.49 meters true width, step out at Torbrit Main
- DV22-291: 442 g/t Ag over 8.88 meters true width, infill at Kitsol
- DV22-298: 372 g/t Ag over 10.78 meters true width, up-dip extension at Kitsol
- DV22-308: 297 g/t Ag over 6.59 meters true width, step out at Torbrit Main
- DV22-312: 585 g/t Ag over 3.30 meters true width, step out at Torbrit Main
“In addition to discovery-focused exploration drilling, Dolly Varden Silver has been prioritizing resource expansion and upgrading at the Torbrit/Kitsol, Wolf, Homestake Main and Homestake Silver deposits. We continue to encounter wide, potentially bulk-mineable vein-hosted silver mineralization at Kitsol, and expect to announce significant drill results from the other resource areas in the next few weeks,” said Shawn, Khunkhun, President and CEO.
The 2022 exploration drill program on the Kitsault Valley trend has completed 37,061m in 108 drill holes. Drilling wrapped up in mid-October, with the majority of assays still pending. Additionally, ground geophysics, surface mapping and prospecting work were completed, evaluating historic prospects and identifying new silver and gold occurrences.
Torbrit Main and North Deposits consist of distinctive stratabound silver mineralization associated with a high potassium and coincident sodium depletion alteration signature. Layers consist of red jasper with bladed crystal growths after barite later replaced by silica. Relatively quick capping of the system by volcanic activity caused an overprinting of epithermal brecciation and veining which further augmented the silver grades within the deposit area.
Figure 1. Drill hole DV22-308 from Torbrit Main showing typical red jasperoid stratabound mineralization with epithermal overprint carrying higher silver grades
To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/1728/143231_102a401624b57ac9_002full.jpg.
The main focus of Torbrit step out drilling at the Torbrit Main Deposit targeted the southern limits of the current Mineral Resource. Drill holes were oriented to step-out from, as well as infill areas of modelled inferred resources (see Figure 3). The Torbrit horizon was intersected in all expansion holes; future infill drilling programs will target high grade shoots within the lower grade horizon, which were commonly encountered in historic mining at the Torbrit, Wolf and Dolly Varden deposits.
Figure 2. Location along the Kitsault Valley trend
To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/1728/143231_102a401624b57ac9_003full.jpg.
The Kitsol Vein is considered part of the epithermal, structurally controlled system that over printed the stratabound layers. Mineralization consists of pyrargerite (ruby silver), argentite and native silver in a silica breccia vein system. The northeast/southwest orientation of the vein and nature of the high grade silver plunge is similar to what is developing at the Wolf deposit 1.4km to the north (see figure 2).
Drilling during the 2022 season at Kitsol has encountered wide, high grade silver mineralization, commonly with overprinting high-grade vein shoots within wide vein sets. Previously reported step-out drill hole DV22-283 that intersected 50.18m (~30.0m true width) averaging 414 g/t Ag (see news release August 10, 2022) suggest multiple high-grade, steeply plunging yet wide silver shoots that extend to surface, as demonstrated by up-dip hole DV22-298 which intersected 21.55m (10.78m true width) grading 372 g/t Ag (see Figure 5). Additional results from step-out drill holes testing deeper, down plunge mineralization from DV22-283 at the Kitsol Vein are pending.
Figure 3. Plan map, Torbrit Resource Area with 2019 resource block model. Yellow/orange blocks indicates targeted expansion areas of Inferred and exploration potential respectively.
To view an enhanced version of Figure 3, please visit:
https://images.newsfilecorp.com/files/1728/143231_102a401624b57ac9_004full.jpg.
Figure 4. Geological Cross Section (A-B) of southern Torbrit deposit with 2019 modelled mineralized envelope in red and 2022 drilling with mineralized intercepts as pink lithology
To view an enhanced version of Figure 4, please visit:
https://images.newsfilecorp.com/files/1728/143231_102a401624b57ac9_005full.jpg.
Figure 5. Kitsol vein long section highlighting six 2022 infill and expansion drill holes that define a steep plunge to high-grade silver mineralization. Section view looking Northwest.
To view an enhanced version of Figure 5, please visit:
https://images.newsfilecorp.com/files/1728/143231_102a401624b57ac9_006full.jpg.
Table 1. Drill hole assays for Torbrit Deposit Area (including Kitsol Vein zone as noted).
Hole ID | From | To | Core Length (m) | True Width (m)* | Ag (g/t) | Pb (%) | Zn (%) | Au (ppm) | AgEq** (g/t) |
DV22-282 (Kitsol) | 175.38 | 179.05 | 3.67 | 2.83 | 210 | 0.48 | 0.11 | 0.04 | 232 |
DV22-284 | 111.33 | 112.97 | 1.64 | 1.31 | 50 | 0.58 | 6.10 | NSV | 299 |
and | 114.43 | 115.51 | 1.08 | 0.86 | 129 | 0.16 | 1.45 | NSV | 189 |
and | 125.32 | 128.85 | 3.53 | 2.82 | 27 | 0.11 | 3.44 | 0.06 | 165 |
DV22-286 (Kitsol) | 173.54 | 174.50 | 0.96 | 0.58 | 141 | 0.81 | 0.55 | 0.15 | 200 |
and | 177.00 | 183.95 | 6.95 | 4.17 | 188 | 0.24 | 0.16 | 0.09 | 209 |
including | 178.80 | 179.53 | 0.73 | 0.44 | 448 | 0.15 | 0.18 | 0.16 | 473 |
including | 181.92 | 182.42 | 0.50 | 0.30 | 564 | 0.29 | 0.11 | 0.39 | 609 |
DV22-287 | 176.00 | 177.00 | 1.00 | 0.90 | NSV | NSV | 1.69 | NSV | 64 |
DV22-289 | 11.49 | 12.00 | 0.51 | 0.49 | 979 | 0.37 | 0.16 | NSV | 996 |
DV22-291 (Kitsol) | 120.19 | 132.70 | 12.51 | 8.88 | 442 | 0.26 | 0.31 | NSV | 462 |
including | 120.19 | 120.72 | 0.53 | 0.38 | 144 | 1.21 | 1.33 | 0.05 | 236 |
including | 125.50 | 127.00 | 1.50 | 1.07 | 1367 | 0.22 | 0.17 | NSV | 1380 |
DV22-290 | 19.21 | 19.94 | 0.73 | 0.70 | 406 | 0.17 | 0.13 | NSV | 416 |
DV22-292 | NSV | ||||||||
DV22-293 | 88.34 | 91.80 | 3.46 | 3.43 | 136 | 0.05 | 0.02 | NSV | 138 |
including | 90.77 | 91.80 | 1.03 | 1.02 | 166 | 0.08 | 0.03 | NSV | 170 |
DV22-295 (Kitsol) | 145.90 | 152.00 | 6.10 | 3.48 | 145 | 0.85 | 0.36 | NSV | 185 |
including | 147.40 | 151.00 | 3.60 | 2.05 | 166 | 0.23 | 0.33 | NSV | 186 |
and | 240.50 | 241.00 | 0.50 | 0.29 | 230 | 0.02 | 0.01 | 0.01 | 232 |
DV22-298 (Kitsol) | 25.45 | 47.00 | 21.55 | 10.78 | 372 | 0.68 | 0.42 | NSV | 409 |
including | 27.79 | 34.56 | 6.77 | 3.39 | 785 | 1.59 | 0.64 | NSV | 858 |
including | 27.25 | 28.85 | 1.60 | 0.80 | 517 | 5.48 | 2.40 | NSV | 777 |
including | 29.50 | 30.50 | 1.00 | 0.50 | 1054 | 0.50 | 0.21 | NSV | 1077 |
*Calculated true widths vary depending intersection angles and range from 50% to 100% of intersection lengths
**AgEq is calculated using $US1650/oz Au, $US20/oz Ag, $US0.90/lb Pb and $US1.10/lb Zn
Table 1 con’t. Drill hole assays for Torbrit Deposit Area (including Kitsol Vein zone as noted).
Hole ID | From | To | Core Length (m) | True Width (m)* | Ag (g/t) | Pb (%) | Zn (%) | Au (ppm) | AgEq** (g/t) | |
DV22-296 | 81.00 | 82.25 | 1.25 | 0.89 | 119 | 1.15 | 0.27 | NSV | 165 | |
and | 85.05 | 88.50 | 3.45 | 2.45 | 130 | 1.31 | 0.41 | NSV | 186 | |
and | 90.00 | 91.00 | 1.00 | 0.71 | 98 | 1.28 | 0.35 | NSV | 151 | |
and | 108.40 | 115.60 | 7.20 | 5.11 | 60 | 1.44 | 0.67 | NSV | 130 | |
and | 124.25 | 125.40 | 1.15 | 0.82 | 274 | 0.05 | 0.43 | NSV | 292 | |
DV22-297 | NSV | |||||||||
DV22-299 | 19.45 | 23.00 | 3.55 | 3.12 | 166 | 0.03 | 0.06 | NSV | 169 | |
and | 30.50 | 31.00 | 0.50 | 0.44 | 517 | 3.16 | 0.09 | NSV | 618 | |
and | 52.35 | 52.83 | 0.48 | 0.42 | 267 | 2.29 | 0.07 | NSV | 341 | |
and | 74.73 | 75.48 | 0.75 | 0.66 | 242 | 0.26 | 0.10 | NSV | 254 | |
and | 107.12 | 112.00 | 4.88 | 4.29 | 168 | 0.15 | 0.50 | NSV | 192 | |
and | 122.87 | 123.53 | 0.66 | 0.58 | 199 | 0.25 | 0.19 | NSV | 214 | |
DV22-301 | 127.50 | 129.00 | 1.50 | 0.66 | 370 | 0.55 | 0.15 | NSV | 393 | |
and | 163.30 | 164.16 | 0.86 | 0.38 | 153 | 0.26 | 0.20 | 0.01 | 168 | |
including | 173.16 | 173.95 | 0.79 | 0.35 | 235 | 0.22 | 0.16 | NSV | 248 | |
DV22-303 | 150.91 | 154.85 | 3.94 | 3.43 | 325 | 0.42 | 0.06 | 0.30 | 340 | |
DV22-305 | 157.00 | 159.26 | 2.26 | 2.21 | 168 | 0.21 | 0.05 | NSV | 176 | |
and | 170.05 | 170.55 | 0.50 | 0.49 | 283 | 0.05 | 0.02 | NSV | 285 | |
DV22-306 | 114.00 | 117.41 | 3.41 | 3.41 | 132 | 0.40 | 0.64 | 0.01 | 170 | |
and | 119.00 | 123.50 | 4.50 | 4.50 | 166 | 0.12 | 0.56 | 0.02 | 193 | |
and | 148.00 | 151.44 | 3.44 | 3.44 | 191 | 0.06 | 0.03 | 0.01 | 194 | |
and | 155.00 | 159.00 | 4.00 | 4.00 | 145 | 0.18 | 0.09 | 0.01 | 155 | |
DV22-308 | 146.18 | 154.52 | 8.34 | 6.59 | 297 | 1.25 | 0.47 | NSV | 354 | |
including | 149.75 | 152.28 | 2.53 | 2.00 | 773 | 1.29 | 0.68 | NSV | 839 | |
DV22-309 | 126.62 | 128.58 | 1.96 | 1.84 | 193 | 0.48 | 0.03 | 0.01 | 210 | |
DV22-310 | NSV | |||||||||
DV22-312 | 60.00 | 63.30 | 3.30 | 3.30 | 585 | 0.02 | 0.06 | NSV | 588 | |
including | 60.00 | 61.13 | 1.13 | 1.13 | 1050 | 0.02 | 0.06 | NSV | 1053 | |
and | 105.25 | 108.62 | 3.37 | 3.37 | 159 | 0.13 | 0.04 | NSV | 165 | |
DV22-313 | 80.00 | 81.10 | 1.10 | 1.10 | 158 | 0.01 | 0.30 | NSV | 169 | |
and | 105.00 | 106.67 | 1.67 | 1.67 | 160 | 0.30 | 0.09 | NSV | 173 | |
*Calculated true widths vary depending intersection angles and range from 50% to 100% of intersection lengths
**AgEq is calculated using $US1650/oz Au, $US20/oz Ag, $US0.90/lb Pb and $US1.10/lb Zn
Table 2. Drill hole locations.
Hole ID | Zone | Easting UTM83 (m) | Northing UTM83 (m) | Elev. (m) | Azimuth | Dip | Length (m) |
DV22282 | Kitsol | 467543 | 6172134 | 404 | 118 | -45 | 214.00 |
DV22286 | Kitsol | 467543 | 6172134 | 404 | 90 | -58 | 438.00 |
DV22284 | Torbrit | 467833 | 6171639 | 349 | 28 | -59 | 472.35 |
DV22287 | Torbrit | 467833 | 6171639 | 349 | 28 | -88 | 215.00 |
DV22289 | Torbrit | 468026 | 6171334 | 352 | 50 | -68 | 90.00 |
DV22290 | Torbrit | 468026 | 6171334 | 352 | 50 | -69 | 165.00 |
DV22291 | Kitsol | 467571 | 6172168 | 394 | 100 | -50 | 300.00 |
DV22295 | Kitsol | 467571 | 6172168 | 394 | 100 | -60 | 339.00 |
DV22292 | Torbrit | 468040 | 6171287 | 358 | 55 | -45 | 129.00 |
DV22293 | Torbrit | 468405 | 6171309 | 649 | 70 | -50 | 137.00 |
DV22296 | Torbrit | 468405 | 6171309 | 649 | 45 | -65 | 150.00 |
DV22297 | Torbrit | 468405 | 6171309 | 649 | 45 | -80 | 201.00 |
DV22299 | Torbrit | 468405 | 6171309 | 649 | 15 | -50 | 183.00 |
DV22298 | Kitsol | 467627 | 6172140 | 371 | 115 | -65 | 121.00 |
DV22301 | Torbrit | 468330 | 6171405 | 643 | 45 | -82 | 237.00 |
DV22303 | Torbrit | 468326 | 6171329 | 605 | 120 | -83 | 216.00 |
DV22305 | Torbrit | 468326 | 6171329 | 605 | 200 | -80 | 216.00 |
DV22306 | Torbrit | 468221 | 6171390 | 549 | 45 | -55 | 216.00 |
DV22308 | Torbrit | 468221 | 6171390 | 549 | 50 | -80 | 219.00 |
DV22309 | Torbrit | 468228 | 6171263 | 522 | 35 | -60 | 177.00 |
DV22310 | Torbrit | 468228 | 6171263 | 522 | 35 | -78 | 201.00 |
DV22312 | Torbrit | 468320 | 6171216 | 568 | 45 | -58 | 150.00 |
DV22313 | Torbrit | 468320 | 6171216 | 568 | 45 | -75 | 150.00 |
Quality Assurance and Quality Control
The Company adheres to CIM Best Practices Guidelines for exploration related activities conducted on its property. Quality Assurance and Quality Control (QA/QC) procedures are overseen by the Qualified Person.
Dolly Varden QA/QC protocols are maintained through the insertion of certified reference material (standards), blanks and field duplicates within the sample stream. Drill core is cut in-half with a diamond saw, with one-half placed in sealed bags and shipped to the laboratory and the other half retained on site. Third party laboratory checks on 5% of the samples are carried out as well. Chain of custody is maintained from the drill to the submittal into the laboratory preparation facility.
Analytical testing was performed by ALS Canada Ltd. in North Vancouver, British Columbia. The entire sample is crushed and a 500 gram split is pulverized to minus 200mesh. Multi-element analyses were determined by Inductively-Coupled Plasma Mass Spectrometry (ICP-MS) for 48 elements following a 4-acid digestion process. High grade silver testing was determined by Fire Assay with either an atomic absorption, or a gravimetric finish, depending on grade range. Au is determined by Fire Assay on a 30g split.
Qualified Person
Rob van Egmond, P.Geo. Vice-President Exploration for Dolly Varden Silver, the “Qualified Person” as defined by NI43-101 has reviewed, validated and approved the scientific and technical information contained in this news release and supervises the ongoing exploration program at the Dolly Varden Project.
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).
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 2022 drill program at the Kitsault Valley Project, the results of previous field work and programs and the continued operations of the current exploration program, interpretation of the nature of the mineralization at the project and that that the mineralization on the project is similar to Eskay and Brucejack, results of the mineral resource estimate on the project, the potential to grow the project, the potential to expand the mineralization and our beliefs about the unexplored portion of the property.
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 most recently filed annual management discussion & analysis (“MD&A“) and management information circular dated January 21, 2022 (the “Circular“), both of which are available on SEDAR at www.sedar.com. The risk factors identified in the MD&A and the Circular 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.
For further information: Shawn Khunkhun, CEO & Director, 1-604-609-5137, www.dollyvardensilver.com;
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/143231
VANCOUVER, BC / ACCESSWIRE / November 4, 2022 / Stillwater Critical Minerals (formerly Group Ten Metals) (TSXV:PGE)(OTCQB:PGEZF)(FSE:5D32) (the “Company” or “SWCM”) announces that the Company has applied for TSX Venture Exchange approval to extend the expiry date on certain warrants that were due to expire November 21, 2022 (the “Warrants”). Per the application, 5,233,824 Warrants that were originally issued as part of a financing completed in November 2019 (see news release dated November 21, 2019) will be extended to a new expiration date of May 21, 2023. Each Warrant entitles the holder to acquire one common share at an exercise price of CDN$ 0.25.
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 ongoing production of platinum group and other metals by neighboring Sibanye-Stillwater. The Platreef-style nickel and copper sulphide deposits at Stillwater West contain a compelling suite of critical minerals and are open for expansion along trend and at depth, with an updated NI 43-101 mineral resource update now in progress based on a 14-hole expansion drilling campaign.
Stillwater Critical Minerals also holds the high-grade Drayton-Black Lake Gold project adjacent to Treasury Metals’ development-stage Goliath Gold Complex in northwest Ontario. Drayton-Black Lake 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.
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
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.
View source version on accesswire.com:
https://www.accesswire.com/724042/Stillwater-Critical-Minerals-Applies-for-Warrant-Extension
A CRITICAL MINERALS EXPLORATION COMPANY
Rover Metals (“Rover”) is a publicly traded Canadian junior mining company specialized in North American critical minerals and precious metal development-stage mining projects. Rover’s twelve month forward-looking plan is to advance exploration at our Nevada Claystone Lithium project and at our Northern Canada Zinc-Copper project, located near the city of Yellowknife, NT, Canada. The Indian Mountain Lake Project is the Company’s first district scale land package, representing approximately 30,000 acres of greenstone belt.
Rover Metals also has 100% ownership of several gold mining assets located near to the city of Yellowknife, NT. Rover obtained a public listing for its securities on the TSX Venture Exchange as a Tier II Mining Issuer on June 26, 2018.
Rover Metals trades under the symbol “ROVR” on the TSXV. Rover also obtained a public co-listing of its securities on the OTCQB on January 17, 2019 (OTCQB: ROVMD), and on the Frankfurt Stock Exchange on February 1, 2021 (FRA: 4XO).
The Company is run by an experienced management team and board that are career mining executives. Our management team and board have a proven history financing the development of mining projects, taking them into production, and re-selling them.
The Best Video on Why and When to Buy and Sell Physical Precious Metals:
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/
Proven and Probable Where we deliver Mining Insights & Bullion Sales. I’m a licensed broker for Miles Franklin Precious Metals Investments (https://www.milesfranklin.com/contact/) Where we provide unlimited options to expand your precious metals portfolio, from physical delivery, offshore depositories, and precious metals IRA’s. Call me directly at (855) 505-1900 or you may email maurice@milesfranklin.com.
Proven and Probable provides insights on mining companies, junior miners, gold mining stocks, uranium, silver, platinum, zinc & copper mining stocks, silver and gold bullion in Canada, the US, Australia, and beyond.
TORONTO, ON / ACCESSWIRE / November 3, 2022 / (CSE:ROO)(OTC PINK:JNCCF)(Frankfurt:5VHA) – RooGold Inc. (“RooGold” or the “Issuer“).
Further to its September 30, 2021 news release, RooGold is pleased to announce, with Australian regulatory clearance obtained, the final closing of the definitive Share Exchange Agreement with Aussie Precious Metals Corp. (“APMC“) in which RooGold has effectively acquired a 100% interest in APMC’s Trilby and Lorne properties (“Properties“) in New South Wales (NSW) Australia. The Issuer issued four million (4,000,000) common shares (the “Purchase Shares“) to the shareholders (“Shareholders“) of APMC in exchange for all of the issued and outstanding shares of APMC with the Properties held in APMC’s wholly owned Australian subsidiary. The Purchase Shares have now been released from escrow subject to voluntary undertakings as to when such Purchase Shares may be traded.
About RooGold Inc.
ROOGOLD is a Canadian based junior venture mineral exploration issuer which is uniquely positioned to be a dominant player in New South Wales, Australia, through a growth strategy focused on the consolidation and exploration of high potential, mineralized precious metals properties in this prolific region of Australia. Through its announced acquisitions of Southern Precious Metals Ltd., RooGold Ltd. and Aussie Precious Metals Corp. properties, RooGold commands a portfolio of 13 high-grade potential gold (9) and silver (4) concessions covering 1,380 km2 which have 137 historic mines and prospects.
For further information please contact:
Ryan Bilodeau
(416) 910-1440
info@roogoldinc.com
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur.
Although the Issuer believes that the expectations reflected in applicable forward-looking statements are reasonable, therecan be no assurance that such expectations will prove to be correct. Such forward-looking statements are subjectto risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in such statements.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE: RooGold Inc.
View source version on accesswire.com:
https://www.accesswire.com/723910/RooGold-Closes-Property-Acquisition
Second Dike Crossing
YERINGTON, Nev., Nov. 03, 2022 (GLOBE NEWSWIRE) — Nevada Copper (TSX: NCU) (OTC: NEVDF) (FSE: ZYTA) (“Nevada Copper” or the “Company”) is pleased to provide an update on restart and operational activities for its underground mine (the “Underground Mine”) following the closing of the restart financing package that provides up to US$123 million of liquidity to the Company, as announced in the Company’s October 28, 2022 press release.
Additionally, the Company announces the addition to its Board of Directors of Guillaume de Dardel, Head of Energy Transition Metals and part of the Energy Transition desk at Mercuria Energy Trading SA (“Mercuria”), one of Nevada Copper’s largest shareholders.
Operational Updates
Optimized Mine Plan – John Wood Group plc, has completed an optimized life-of-mine plan that focuses on accessing the larger, higher-grade stopes of the East North Zone (“EN Zone”) to bring value forward in the mine life. This optimized plan is being incorporated into our development and mine planning in preparation for restart of mining operations.
Final Dike Crossings – As indicated in the Company’s October 5, 2022 press release, the Company continues to build on the significant progress made to date with the completion of the second dike crossing. This critical achievement provides access to the higher-grade stopes of the EN Zone that is estimated to represent the highest value area of the underground reserve. This zone also represents the most competent geotechnical rock mass within the reserve which is expected to allow larger stopes to be extracted, significantly improving production efficiencies. The Company is encouraged by the rock quality being encountered beyond the dike as progress is made on development headings into the EN Zone, and appears to be as predicted by the geotechnical models. To date, nine of the first stopes to be mined have been drilled to provide critical data for final stope design in preparation for the commencement of mining in the second half of 2023.
The underground crews have transitioned to work on the final dike crossing which is expected to be completed in early 2023. A well-known industry grouting and geotechnical consultant has been engaged in developing the final dike crossing design and plan. The completion of the dike crossing will provide necessary access for a development contractor to begin rapid development into the EN Zone in early 2023.
Development Contractor – The Company has received indications of interest in providing proposals for development mining from six large, well-known, and established mining contractors. Discussions are in the advanced stages with these contractors and the Company expects to award a contract by the end of 2022.
Capital Projects Proceeding – The Company has signed a letter of intent (“LOI”) with an engineering firm to bring critical capital projects to completion, including the coarse ore bin, permanent dewatering system, vent shaft rehabilitation and surface fans. The scope of the LOI includes delivery of construction execution plans within the next 30 days. These execution plans would identify any procurement or fabrication of materials and equipment to complete the construction activities, labor requirements, and necessary activities ancillary to these capital projects.
The Company has also secured the remaining long-lead item for the coarse ore bin project, the underground jaw crusher, which is expected to be delivered in November 2022.
Strengthening the Site Technical Leadership – The operations leadership has been strengthened with the recent additions of highly experienced individuals in critical technical and operational roles. Included in these recent additions are an Underground Mine Manager, a Capital Projects Manager, a Senior Paste Backfill Engineer, a Contracts Manager, and a Senior Geotechnical Engineer. The Company has also started to fill out the underground operations crews with several skilled mining and operations crews that will focus on capital development projects ahead of stope mining that is planned to begin in the second half of 2023.
Board Addition
Guillaume de Dardel, Head of Energy Transition Metals and part of the Energy Transition desk at Mercuria, will join the Board of Directors of the Company effective November 4, 2022. Mercuria is a significant shareholder in Nevada Copper. Mr. de Dardel studied in Sao Paulo and Switzerland and holds a BA HSG (magna cum laude) from the University of St. Gallen.
Mercuria is one of the world’s largest independent global energy and commodities groups and makes strategic investments to provide access to key infrastructure and physical commodity markets. They have expanded rapidly into renewables and the energy transition which has become a core pillar of Mercuria’s strategy.
Qualified Person
The technical information and data in this news release has been reviewed by Steven Newman, Registered Member – SME, Vice President, Technical Services for Nevada Copper, who is a non-independent Qualified Person within the meaning of NI 43-101.
About Nevada Copper
Nevada Copper (TSX: NCU) is a copper producer and owner of the Pumpkin Hollow copper project. Located in Nevada, USA, Pumpkin Hollow has substantial reserves and resources including copper, gold and silver. Its two fully permitted projects include the high-grade Underground Mine and processing facility, which is now in the production stage, and a large-scale open pit project, which is advancing towards feasibility status.
Randy Buffington
President & CEO
For additional information, please see the Company’s website at www.nevadacopper.com, or contact:
Tracey Thom | Vice President, IR and Community Relations
tthom@nevadacopper.com
+1 775 391 9029
Cautionary Language on Forward Looking Statements
This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, are forward-looking statements. Such forward-looking information and forward-looking statements specifically include, but are not limited to, statements that relate to the development plans for the Underground Mine and the expected results thereof.
Forward-looking statements and information include statements regarding the expectations and beliefs of management. Often, but not always, forward-looking statements and forward-looking information can be identified by the use of words such as “plans”, “expects”, “potential”, “is expected”, “anticipated”, “is targeted”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements or information should not be read as guarantees of future performance and results. They are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and events to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information.
Such risks and uncertainties include, without limitation, those relating to: requirements for additional capital and no assurance can be given regarding the availability thereof; the outcome of discussions with creditors and vendors; the ability of the Company to complete the ramp-up of the Underground Mine within the expected cost estimates and timeframe; the impact of COVID-19 on the business and operations of the Company; the state of financial markets; history of losses; dilution; adverse events relating to milling operations, construction, development and ramp-up, including the ability of the Company to address underground development and process plant issues; ground conditions; cost overruns relating to development, construction and ramp-up of the Underground Mine; loss of material properties; interest rate increases; global economy; limited history of production; future metals price fluctuations; speculative nature of exploration activities; periodic interruptions to exploration, development and mining activities; environmental hazards and liability; industrial accidents; failure of processing and mining equipment to perform as expected; labour disputes; supply problems; uncertainty of production and cost estimates; the interpretation of drill results and the estimation of mineral resources and reserves; changes in project parameters as plans continue to be refined; possible variations in ore reserves, grade of mineralization or recovery rates from management’s expectations and the difference may be material; legal and regulatory proceedings and community actions; accidents; title matters; regulatory approvals and restrictions; increased costs and physical risks relating to climate change, including extreme weather events, and new or revised regulations relating to climate change; permitting and licensing; dependence on management information systems and cyber security risks; volatility of the market price of the Company’s securities; insurance; competition; hedging activities; currency fluctuations; loss of key employees; other risks of the mining industry as well as those risks discussed in the Company’s Management’s Discussion and Analysis in respect of the year ended December 31, 2021 and the quarter ended March 31, 2022 and in the section entitled “Risk Factors” in the Company’s Annual Information Form dated March 31, 2022. The forward-looking statements and information contained in this news release are based upon assumptions management believes to be reasonable, including, without limitation: no adverse developments in respect of the property or operations at the project; no material changes to applicable laws; the ramp-up of operations at the Underground Mine in accordance with management’s plans and expectations; no worsening of the current COVID-19 related work restrictions; reduced impacts of COVID-19 going forward; the Company will be able to obtain sufficient additional funding to complete the ramp-up, no material adverse change to the price of copper from current levels; and the absence of any other factors that could cause actions, events or results to differ from those anticipated, estimated or intended.
The forward-looking information and statements are stated as of the date hereof. The Company disclaims any intent or obligation to update forward-looking statements or information except as required by law. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking information and statements, there may be other factors that could cause actions, events or results not to be as anticipated, estimated or intended. Specific reference is made to “Risk Factors” in the Company’s Management’s Discussion and Analysis in respect of the year ended December 31, 2021 and the quarter ended March 31, 2022 and “Risk Factors” in the Company’s Annual Information Form dated March 31, 2022, for a discussion of factors that may affect forward-looking statements and information. Should one or more of these risks or uncertainties materialize, should other risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results and events may vary materially from those described in forward-looking statements and information. For more information on the Company and the risks and challenges of its business, investors should review the Company’s filings that are available at www.sedar.com.
The Company provides no assurance that forward-looking statements and information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3d89cb97-1129-4757-aab3-d6866ec82a97