Tag: #MauriceJackson

Noram Receives Results for CVZ-77 & 78: High-Grade Intercepts of 240 Ft (73.2 m) Averaging 1212 PPM, & 231.3 Ft (70.5 m) Averaging 1157 PPM Respectively

Post author By admin
Post date June 9, 2022

VANCOUVER, BC / ACCESSWIRE / June 9, 2022 / Sandy MacDougall, CEO of Noram Lithium Corp. (“Noram” or the “Company“) (TSXV:NRM | OTCQB:NRVTF | Frankfurt:N7R) is pleased to announce the successful completion of CVZ-77 (PH-04) and CVZ-78 (PH-11) and release of the final assay results. The Company completed core hole CVZ-77 at a depth of 458 feet (139.6 m). Sampling for assays began at 20 ft (6.1 m) and continued to the bottom of the hole, an interval thickness of 240 ft (73.2 m) was intersected from 48 ft (14.6 m) to 288 ft (87.8 m). The weighted average lithium values present are summarized below with a high of 2140 ppm. The Company completed core hole CVZ-78 at a depth of 451.5 feet (137.6 m). Sampling for assays began at 26.8 ft (8.2 m) and continued to the bottom of the hole, an interval thickness of 231.3 ft (70.5 m) was intersected from 26.8 ft (8.2 m) to 258 ft (78.6 m). The weighted average lithium values present are summarized below with a high of 2100 ppm present.

Noram Lithium Corp., Thursday, June 9, 2022, Press release picture

Figure 1 – Location of all past drill holes (Phase I to Phase V) previously completed in addition to the 12 proposed holes for Phase V1. Phase VI holes are indicated in purple.

Figure 2. Comparative stratigraphy and assay results for drill holes CVZ-77 and CVZ-78 as compared to CVZ-65 which was drilled as part of a prior program. The histogram on the sides of the holes are the composited lithium grades in ppm Li. The cross section has a 4X vertical exaggeration.

“As we continue to receive results that meet and/or surpass our expectations, our level of confidence in the resource model continues to increase. This program is providing us with vital information that will allow us to upgrade a significant portion of the resource from the Inferred Category to the Indicated Category. We could not be more proud of the team we have diligently advancing the Project. Noram management is focused on enhancing shareholder value as we continue to develop the resource” comments Brad Peek, VP of Exploration and geologist on all six phases of Noram’s Clayton Valley exploration drilling.

Hole ID	Sample No.	From (ft)	To (ft)	From (m)	To (m)	Li (ppm)
CVZ-77	1748459	20	28	6.1	8.5	610
CVZ-77	1748460	28	38	8.5	11.6	850
CVZ-77	1748461	38	48	11.6	14.6	870
CVZ-77	1748462	48	58	14.6	17.7	1010
CVZ-77	1748463	58	68	17.7	20.7	840
CVZ-77	1748464	68	78	20.7	23.8	910
CVZ-77	1748465	78	88	23.8	26.8	840
CVZ-77	1748466	88	98	26.8	29.9	940
CVZ-77	1748467	98	108	29.9	32.9	600
CVZ-77	1748468	108	118	32.9	36.0	1160
CVZ-77	1748469	118	128	36.0	39.0	980
CVZ-77	1748471	128	138	39.0	42.1	1540
CVZ-77	1748472	138	148	42.1	45.1	1340
CVZ-77	1748473	148	158	45.1	48.2	1400
CVZ-77	1748474	158	168	48.2	51.2	1510
CVZ-77	1748475	168	178	51.2	54.3	1860
CVZ-77	1748476	178	188	54.3	57.3	2140
CVZ-77	1748477	188	198	57.3	60.4	1300
CVZ-77	1748478	198	208	60.4	63.4	1290
CVZ-77	1748479	208	218	63.4	66.4	1450
CVZ-77	1748480	218	228	66.4	69.5	1630
CVZ-77	1748481	228	238	69.5	72.5	1250
CVZ-77	1748482	238	248	72.5	75.6	1060
CVZ-77	1748483	248	258	75.6	78.6	1080
CVZ-77	1748484	258	268	78.6	81.7	950
CVZ-77	1748485	268	278	81.7	84.7	1020
CVZ-77	1748486	278	288	84.7	87.8	990
CVZ-77	1748487	288	298	87.8	90.8	790
CVZ-77	1748488	298	308	90.8	93.9	620
CVZ-77	1748489	308	318	93.9	96.9	870
CVZ-77	1748490	318	328	96.9	100.0	760
CVZ-77	1748491	328	338	100.0	103.0	430
CVZ-77	1748492	338	348	103.0	106.1	610
CVZ-77	1748493	348	358	106.1	109.1	550
CVZ-77	1748494	358	368	109.1	112.2	550
CVZ-77	1748495	368	378	112.2	115.2	720
CVZ-77	1748496	378	388	115.2	118.3	540
CVZ-77	1748497	388	398	118.3	121.3	790
CVZ-77	1748498	398	408	121.3	124.4	780
CVZ-77	1748499	408	418	124.4	127.4	600
CVZ-77	1748500	418	428	127.4	130.5	550
CVZ-77	1748501	428	438	130.5	133.5	500
CVZ-77	1748502	438	448	133.5	136.6	379

Table 1 – Sample results from CVZ-77 from 20 ft (6.1 m) to depth of 448 ft (136.6 m).

Hole ID	Sample No.	From (ft)	To (ft)	From (m)	To (m)	Li (ppm)
CVZ-78	1748508	26.75	37.25	8.2	11.4	920
CVZ-78	1748509	37.25	48	11.4	14.6	1090
CVZ-78	1748510	48	58	14.6	17.7	910
CVZ-78	1748511	58	68	17.7	20.7	910
CVZ-78	1748512	68	78	20.7	23.8	980
CVZ-78	1748513	78	88	23.8	26.8	2100
CVZ-78	1748514	88	98	26.8	29.9	1160
CVZ-78	1748515	98	108	29.9	32.9	1190
CVZ-78	1748516	108	118	32.9	36.0	1640
CVZ-78	1748517	118	128	36.0	39.0	1830
CVZ-78	1748518	128	138	39.0	42.1	1240
CVZ-78	1748519	138	148	42.1	45.1	1180
CVZ-78	1748520	148	158	45.1	48.2	1380
CVZ-78	1748521	158	168	48.2	51.2	1350
CVZ-78	1748522	168	178	51.2	54.3	1280
CVZ-78	1748523	178	188	54.3	57.3	1000
CVZ-78	1748524	188	198	57.3	60.4	1060
CVZ-78	1748525	198	208	60.4	63.4	910
CVZ-78	1748527	208	218	63.4	66.4	960
CVZ-78	1748528	218	228	66.4	69.5	1020
CVZ-78	1748529	228	238	69.5	72.5	830
CVZ-78	1748530	238	248	72.5	75.6	580
CVZ-78	1748531	248	258	75.6	78.6	1110
CVZ-78	1748532	258	268	78.6	81.7	790
CVZ-78	1748533	268	278	81.7	84.7	650
CVZ-78	1748534	278	288	84.7	87.8	750
CVZ-78	1748535	288	298	87.8	90.8	890
CVZ-78	1748536	298	308	90.8	93.9	680
CVZ-78	1748537	308	318	93.9	96.9	730
CVZ-78	1748538	318	328	96.9	100.0	930
CVZ-78	1748539	328	338	100.0	103.0	740
CVZ-78	1748540	338	348	103.0	106.1	720
CVZ-78	1748541	348	358	106.1	109.1	560
CVZ-78	1748542	358	368	109.1	112.2	490
CVZ-78	1748543	368	378	112.2	115.2	560
CVZ-78	1748544	378	388	115.2	118.3	560
CVZ-78	1748545	388	398	118.3	121.3	670
CVZ-78	1748546	398	408	121.3	124.4	660
CVZ-78	1748547	408	418	124.4	127.4	460
CVZ-78	1748548	418	428	127.4	130.5	460
CVZ-78	1748549	428	438	130.5	133.5	530
CVZ-78	1748550	438	447	133.5	136.2	388
CVZ-78	1748551	447	451.5	136.2	137.6	399

Table 2 – Sample results from CVZ-78 from 26.8 ft (8.2 m) to depth of 451.5 ft (137.6 m).

All samples were analyzed by the ALS laboratory in Reno, Nevada. QA/QC samples were included in the sample batch and returned values that were within their expected ranges.

The technical information contained in this news release has been reviewed and approved by Brad Peek., M.Sc., CPG, who is a Qualified Person with respect to Noram’s Clayton Valley Lithium Project as defined under National Instrument 43-101.

About Noram Lithium Corp.

Noram Lithium Corp. (TSXV:NRM | OTCQB:NRVTF | Frankfurt:N7R) is a well-financed Canadian based advanced Lithium development stage company with less than 90 million shares issued and a fully funded treasury. Noram is aggressively advancing its Zeus Lithium Project in Nevada from the development-stage level through the completion of a Pre-Feasibility Study in 2022.

The Company’s flagship asset is the Zeus Lithium Project (“Zeus”), located in Clayton Valley, Nevada. The Zeus Project contains a current 43-101 measured and indicated resource estimate* of 363 million tonnes grading 923 ppm lithium, and an inferred resource of 827 million tonnes grading 884 ppm lithium utilizing a 400 ppm Li cut-off. In December 2021, a robust PEA** indicated an After-Tax NPV(8) of US$1.3 Billion and IRR of 31% using US$9,500/tonne Lithium Carbonate Equivalent (LCE). Using the LCE long term forecast of US$14,000/tonne, the PEA indicates an NPV (8%) of approximately US$2.6 Billion and an IRR of 52% at US$14,250/tonne LCE.

Please visit our web site for further information: www.noramlithiumcorp.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Sandy MacDougall
Chief Executive Officer and Director
C: 778.999.2159

For additional information please contact:
Peter A. Ball
President and Chief Operating Officer
peter@noramlithiumcorp.com
C: 778.344.4653

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. This news release may contain forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes statements regarding, among other things, the completion transactions completed in the Agreement. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, regulatory approval processes. Although Noram believes that the assumptions used in preparing the forward-looking information in this news release are reasonable, including that all necessary regulatory approvals will be obtained in a timely manner, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Noram disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable securities laws. *Updated Lithium Mineral Resource Estimate, Zeus Project, Clayton Valley, Esmeralda County, Nevada, USA (August 2021) **Preliminary Economic Assessment Zeus Project, ABH Engineering (December 2021).

SOURCE: Noram Lithium Corp.

Tags #JuniorMining, #MauriceJackson, #NoramLithium, #NRM, #PeterBall, #ProvenAndProbable

Base Metals Emx Royalty Energy Exclusive Interviews Junior Mining

EMX Royalty Announces Q1 Royalty Distribution from the Caserones Copper-Molybdenum Mine in Chile

Post author By admin
Post date June 9, 2022

Vancouver, British Columbia–(Newsfile Corp. – June 9, 2022) – EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (FSE: 6E9) (the “Company” or “EMX“) is pleased to announce that it will receive a royalty payment of approximately US$2.7 million (pre-tax) from the Company’s effective 0.7335% net smelter return royalty (“NSR“) interest covering the Caserones Copper-Molybdenum Mine (“Caserones“) in Chile. This royalty payment distribution to EMX, anticipated later this month, is based upon first quarter (“Q1”) (i.e., January-March, 2022) copper and molybdenum production.

EMX initially acquired a 0.418% NSR royalty interest on Caserones in 2021 and acquired an additional 0.3155% NSR royalty interest in April of this year, bringing the Company’s total (effective) NSR royalty interest to 0.7335% (see EMX news release dated April 14, 2022). Although the recent royalty purchase was completed after the end of Q1, the agreement contained provisions for EMX to receive the Q1 distributions for the newly acquired interest. This new royalty interest (0.3155% NSR) accounted for US$1.2 million of the US$2.7 million (pre-tax) Q1 total. The higher-than-expected Q1 royalty distributions reflect strong copper prices and robust production throughput at higher grades.

In addition to Caserones, EMX receives production royalty payments from its Leeville royalty in Nevada, and expects addition cash flow in 2022 from the Cukaru Peki Mine in the Bor Mining District in Serbia, as well as the Gediktepe and Bayla royalty properties in Turkey. Together, these interests provide commodity diversity that includes base metals (i.e., copper, molybdenum, lead, and zinc) and precious metals (i.e., gold and silver) in key mining districts of Chile, the U.S., Serbia, and Turkey.

Since the acquisition of the initial royalty interest at Caserones, royalty distributions to EMX total US$6.3 million (pre-tax). This has provided meaningful positive cash flow in a very short time (four quarters). This performance reflects the quality of Caserones as a cornerstone Company asset that resulted from EMX’s royalty acquisition initiatives.

EMX has a unique approach to the royalty business which is based upon a combination of royalty purchases, sustainable organic royalty growth, and strategic investments. Royalties are financial instruments that grow in value via ongoing investments by operators, and at no expense to royalty holders. This upside optionality occurs throughout the life cycle of a royalty as further exploration leads to resource and reserve growth, while technological and engineering advancements lead to more efficient mining, all to the benefit of royalty holders. As inflation fears have roiled global financial markets in 2022, this is a time when royalties stand out the most, with no exposure to exploration, production, and development cost increases yet full exposure to commodity price inflation. As a result, royalties are a key hedge that will become increasingly important as the current inflationary cycle plays out.

Caserones Overview. The Caserones open pit mine is developed on a significant porphyry copper-molybdenum deposit in the Atacama Region of northern Chile’s Andean Cordillera, 162 kilometers southeast of the city of Copiapó. The mine has been in operation since 2014, and is owned and operated by SCM Minera Lumina Copper Chile SpA (“Minera Lumina”), which is 100% indirectly owned by JX Nippon Mining & Metals Corporation of Japan.

Caserones produces copper and molybdenum concentrates from a conventional crusher, mill and flotation plant, as well as copper cathodes from a dump leach, solvent extraction and electrowinning plant. The mine produced 94,846 tonnes of fine copper in concentrate, 2,287 tonnes of fine molybdenum in concentrate, and 14,829 tonnes of fine copper in cathodes in 2021¹.

In addition to currently defined zones of mineralization, considerable exploration upside exists on the Caserones property, and exploration for additional resources has been ongoing and continues at present.

Eric P. Jensen, CPG, a Qualified Person as defined by National Instrument 43-101 and an employee of the Company, has reviewed, verified, and approved the disclosure of the technical information contained in this news release.

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

For further information contact:

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

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

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

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in policies of the TSX-V) 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 completion of the transaction, perceived merits of properties, exploration results and budgets, mineral reserves and resource estimates, work programs, capital expenditures, timelines, strategic plans, market prices for precious and base metal, or other statements that are not statements of fact. When used in this news release, words such as “estimate,” “intend,” “expect,” “anticipate,” “will”, “believe”, “potential”, “upside” 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. It is possible EMX may not complete the transaction, as a result of failure to fulfill conditions of closing, unavailability of financing or for other reasons EMX cannot anticipate at this time.

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 March 31, 2022 (the “MD&A”), and the most recently filed 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.

¹ SCM Minera Lumina Copper Chile 2021 Annual Report dated May 30, 2022.

Tags #DavidCole, #EMX, #EXMRoyalty, #JuniorMining, #MauriceJackson, #ProvenAndProbable, #RickRule

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

Metallic Minerals Closes $4 Million Private Placement Financing

Post author By admin
Post date June 9, 2022

VANCOUVER, BC / ACCESSWIRE / June 9, 2022 / Metallic Minerals (TSX.V:MMG)(OTCQB:MMNGF) (“Metallic Minerals“, or the “Company“) is pleased to report that it has closed its previously announced non-brokered private placement financing for aggregate proceeds of $4,032,000 through the issuance of 9,600,000 units at a price of $0.42 per flow-through unit (the “Private Placement”). Each Unit consists of one flow-through common share and one-half purchase warrant where each whole warrant is exercisable into a flow-through common share for 30 months at a price of $0.50 on the TSX Venture Exchange (“TSX-V”).

Greg Johnson, CEO and Chairman, noted, “We are pleased to complete this premium-to-market Private Placement and to strengthen our shareholder base with new institutional investors. These new funds will be primarily directed toward the ongoing exploration and development of our Keno Silver Project in the high-grade, Keno silver district of Canada’s Yukon Territory. Final planning is underway for the initiation of our 2022 exploration programs at Keno Silver, as well as at our La Plata silver-gold-copper project in Colorado, USA. We look forward to meeting with existing and potential shareholders during PDAC 2022 in Toronto June 13-15, as well as during the Yukon Property Tours and Conference June 20-24 in Dawson City.”

Proceeds from the Private Placement will be used toward eligible Canadian Exploration Expenses, within the meaning of the Income Tax Act (Canada). The Private Placement is subject to the final approval of the TSX-V. The flow-through shares will be subject to a hold period of four months and one day from their date of issuance under applicable Canadian securities law.

The flow-through shares have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.

An officer of the Company participated in the private placement for an aggregate of 4,400 FT Units. The participation by the insider in the private placement is considered to be a related-party transaction as defined under Multilateral Instrument 61-101. The transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of the securities being issued, nor the consideration being paid exceeds 25% of the Company’s market capitalization.

Upcoming Events

PDAC 2022 – Metallic will join fellow Metallic Group members, Stillwater Critical Minerals (formerly Group Ten Metals) and Granite Creek Copper, at PDAC in Toronto, June 13-15 (Booth IE2851).

Yukon Property Tours & Conference – Metallic will be in Dawson City June 20-24 for the 2022 Yukon Property Tours, with President, Scott Petsel, and CEO, Greg Johnson, both visiting the Keno Silver Project for exploration planning.

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 to Alexco Resource Corp’s operations, with more than 300 million ounces of high-grade silver in past production and current M&I resources. In addition, the Company recently announced the inaugural resource estimate for the La Plata silver-gold-copper project in southwestern Colorado. All of the districts in which the Company works 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.

About the Metallic Group of Companies

The Metallic Group is a collaboration of leading precious and base metals exploration and development companies, with a portfolio of large, brownfields assets in established mining districts adjacent to some of the industry’s highest-grade producers of silver and gold, platinum and palladium, and copper. Member companies include Metallic Minerals in the Yukon’s high-grade Keno Hill silver district and La Plata silver-gold-copper district of Colorado, Granite Creek Copper in the Yukon’s Minto copper district, and Stillwater Critical Minerals (formerly Group Ten Metals) in the Stillwater PGM-nickel-copper district of Montana, USA and Kluane district in the Yukon. The founders and team members of the Metallic Group include highly successful explorationists formerly with some of the industry’s leading explorer/developers and major producers. With this expertise, the companies are undertaking a systematic approach to exploration and development using new models and technologies to facilitate discoveries in these proven, but under-explored, mining districts. Members of the Metallic Group have been recognized as recipients of awards for excellence in environmental stewardship demonstrating commitment to responsible resource development and appropriate ESG practices. The Metallic Group is headquartered in Vancouver, BC, Canada, and its member companies are listed on the Toronto Venture, US OTCQB and Frankfurt stock exchanges.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Website: mmgsilver.com
Phone: 604-629-7800
Email: cackerman@mmgsilver.com
Toll Free: 1-888-570-4420

Forward-Looking Statements

Forward Looking Statements: This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts including, without limitation, statements regarding potential mineralization, historic production, estimation of mineral resources, the realization of mineral resource estimates, interpretation of prior exploration and potential exploration results, the timing and success of exploration activities generally, the timing and results of future resource estimates, permitting time lines, metal prices and currency exchange rates, availability of capital, government regulation of exploration operations, environmental risks, reclamation, title, and future plans and objectives of the company are forward-looking statements that involve various risks and uncertainties. Although Metallic Minerals believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the companies with securities regulators. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration and development of mines is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. For more information on Metallic Minerals and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedar.com.

SOURCE: Metallic Minerals Corp.

Tags #JuniorMining, #MauriceJackson, #ProvenAndProbable, GregJohnson, maurice jackson, mmg, ScottPetsel

Energy Junior Mining Metallic Minerals Stillwater Critical Minerals

Group Ten Metals Announces Name Change to Stillwater Critical Minerals

Post author By admin
Post date June 9, 2022

June 9, 2022 – Vancouver, BC – Group Ten Metals Inc. (TSX.V: PGE; US OTC: PGEZF; FSE: 5D32) (the “Company” or “Group Ten”) is pleased to announce that, effective at market opening on June 13, 2022, the common shares of the Company will trade on the TSX Venture Exchange under the name “Stillwater Critical Minerals Corp.” to better reflect the commodity suite of battery, catalytic and precious metals at the Company’s flagship Stillwater West project in Montana, USA. The project hosts a total of eight metals (nickel, cobalt, chromium, palladium, platinum, rhodium, iridium and ruthenium) designated as critical by the United States government with a mandate to secure domestic supplies based on economic and national security concerns. Stillwater West also hosts significant copper resources.

President and CEO Michael Rowley commented “Rebranding Group Ten Metals to Stillwater Critical Minerals reflects our increasing focus on our flagship project and the great potential we see in the iconic and famously productive Stillwater mining district. With the recent addition of two renowned Bushveld and Platreef geologists to our team we are well positioned to advance the next phase of large-scale critical mineral supply from the district, building on past production of nickel, copper, and chromium, and the on-going production of platinum group and other metals by our neighbor, Sibanye-Stillwater. Our Platreef-style nickel and copper sulphide deposits contain a compelling suite of critical minerals and are open for expansion along trend and at depth. We look forward to further announcements including assay results from our 2021 resource expansion drill campaign and our 2022 exploration plans in the near term.”

The Company’s stock symbols remain the same (TSX.V: PGE | OTCQB: PGEZF | FSE:5D32). The new CUSIP number is 86074L103 and the new ISIN number is CA86074L1031. In addition, the Company is pleased to announce the launch of a new website, www.criticalminerals.com, and new Twitter handle, @Stillwater_CM.

Shareholders of the Company are not required to take any action in connection with the name change as physical and Direct Registration System (“DRS”) share certificates in the predecessor company name of Group Ten Metals Ltd. continue to be enforceable. Should a registered shareholder wish to exchange their share certificates of Group Ten into Stillwater Critical Minerals, they can contact the Company’s transfer agent:

Odyssey Trust

Email: shareholders@odysseytrust.com

Telephone: 587-885-0960 | Toll Free: 1-(888)-290-1175

Website: www.odysseycontact.com

Odyssey also maintains an online portal where securityholders have access to view their registered holdings or request updated DRS statements 7 days a week. To register, please contact web.access@odysseytrust.com.

Upcoming Events

PDAC 2022 – Stillwater Critical Minerals will join fellow Metallic Group members Metallic Minerals and Granite Creek Copper at PDAC in Toronto, June 13-15, 2022 at Booth 2851 in the Investor Exchange.

THE Mining Investment Event of the North – Stillwater Critical Minerals will be attending meetings and presenting the Company’s vision at this inaugural conference in Quebec City, June 19-21. President & CEO Michael Rowley will participate in a key panel entitled “Trends in Energy Metals” moderated by Egizio Bianchini, Head of Metals & Investment Banking, Stifel GMP. Mr. Rowley will be joined by fellow panelists Mark Selby, Chairman & CEO, Canada Nickel, Mike White, President & CEO, IBK Capital, and Phil Baker, CEO, of Hecla Mining.

About Stillwater West

Group Ten is rapidly advancing the Stillwater West PGE-Ni-Cu-Co + Au project towards becoming a world-class source of low-carbon, sulphide-hosted nickel, copper, and cobalt, critical for batteries and the electrification movement, as well as key catalytic metals including platinum, palladium, rhodium, iridium and ruthenium used in catalytic converters, fuel cells, and the production of green hydrogen. Stillwater West positions Group Ten as the second-largest landholder in the Stillwater Complex, with a 100%-owned position adjoining and adjacent to Sibanye-Stillwater’s PGE mines in south-central Montana, USA1. The Stillwater Complex is recognized as one of the top regions in the world for PGE-Ni-Cu-Co mineralization, alongside the Bushveld Complex and Great Dyke in southern Africa, which are similar layered intrusions. The J-M Reef, and other PGE-enriched sulphide horizons in the Stillwater Complex, share many similarities with the highly prolific Merensky and UG2 Reefs in the Bushveld Complex. Group Ten’s work in the lower Stillwater Complex has demonstrated the presence of large-scale disseminated and high-sulphide battery metals and PGE mineralization, similar to the Platreef in the Bushveld Complex2.

Drill campaigns by the Company, complemented by a substantial historic drill database, have delineated five deposits of Platreef-style mineralization across a core 12-kilometer span of the project, all of which are open for expansion into adjacent targets. Multiple earlier-stage Platreef-style and reef-type targets are also being advanced across the remainder of the 32-kilometer length of the project based on strong correlations seen in soil and rock geochemistry, geophysical surveys, geologic mapping, and drilling.

About Group Ten Metals Inc.

Group Ten Metals Inc. is a TSX-V-listed Canadian mineral exploration company focused on the development of high-quality platinum, palladium, nickel, copper, cobalt, and gold exploration assets in top North American mining jurisdictions. The Company’s core asset is the Stillwater West PGE-Ni-Cu-Co + Au project adjacent to Sibanye-Stillwater’s high-grade PGE mines in Montana, USA. Group Ten also holds the high-grade Black Lake-Drayton Gold project adjacent to Treasury Metals’ development-stage Goliath Gold Complex in northwest Ontario, which is currently under an earn-in agreement with an option to joint venture whereby Heritage Mining may earn up to a 90% interest in the project by completing payments and work on the project. The Company also holds the Kluane PGE-Ni-Cu-Co project on trend with Nickel Creek Platinum‘s Wellgreen deposit in Canada‘s Yukon Territory.

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

Note 2: Magmatic Ore Deposits in Layered Intrusions—Descriptive Model for Reef-Type PGE and Contact-Type Cu-Ni-PGE Deposits, Michael Zientek, USGS Open-File Report 2012–1010.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Michael Rowley, President, CEO & Director

Email: info@criticalminerals.com Phone: (604) 357 4790

Web: http://criticalminerals.com Toll Free: (888) 432 0075

Forward-Looking Statements

Forward Looking Statements: This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts including, without limitation, statements regarding potential mineralization, historic production, estimation of mineral resources, the realization of mineral resource estimates, interpretation of prior exploration and potential exploration results, the timing and success of exploration activities generally, the timing and results of future resource estimates, permitting time lines, metal prices and currency exchange rates, availability of capital, government regulation of exploration operations, environmental risks, reclamation, title, and future plans and objectives of the company are forward-looking statements that involve various risks and uncertainties. Although Group Ten believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the companies with securities regulators. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration and development of mines is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. For more information on Group Ten and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedar.com.

Tags #MauriceJackson, #ProvenAndProbable

Energy Exclusive Interviews Junior Mining Oil & Gas

Andy Hecht – Oil & Gas, Supply-Side Inflation Q&A

Post author By admin
Post date June 8, 2022

Integrous- Oil & Gas- Drilling & Exploration- The Answer to Supply-Side Inflation

Crude oil at the highest price since 2008- Inventories and product prices support higher highs
Natural gas is also at a fourteen-year high- Inventories, and European prices support the continuation of a very volatile bull market
The four reasons for higher fossil fuel prices- SPR releases are a temporary band-aid
Drilling and exploration are the answer to supply-side economic woes
XOP outperforming the stock market in 2022- The trend is your best friend

Throughout most of 2021, the US Federal Reserve called the rising inflationary pressures “transitory.” Late last year, increasing consumer and producer price data convinced the central bank that the economic condition was not a temporary event. The Fed told markets it was preparing to shift to a more hawkish approach to monetary policy to address the economy’s demand-side pressures. The artificially low interest rates, liquidity, and government stimulus in 2020 and 2021 planted the inflationary seeds which sprouted during the second half of 2020, throughout 2021, and into early 2022.

In early 2022, the geopolitical landscape threw a curveball at the central bank when Russia invaded Ukraine, launching the first major war in Europe since WW II. Sanctions on Russia and Russian retaliation began to cause even more upside pressure on commodity prices as Russia is a leading producer of energy and other raw materials. China and Russia’s “no-limits” support agreement complicated matters, setting the stage for the invasion.

Crude oil and natural gas prices had already been rising by the end of 2021. The leading benchmark crude oil futures are the Brent and WTI contracts. After falling to a record low below zero in April 2020, nearby WTI crude oil futures at $75.21 per barrel. Brent futures fell to $16 per barrel, the lowest price of this century in April 2020, and closed 2021 at the $77.78 level.

Meanwhile, nearby natural gas futures dropped to $1.44 per MMBtu in June 2020 and were at the $3.73 level on December 31, 2021. The oil and gas futures markets had been rising, making higher lows and higher highs throughout the second half of 2020 and in 2021. In 2022, they took off on the upside, reaching fourteen-year highs.

Increasing inflation and post-pandemic demand created a bull market in crude oil and natural gas that turned into a perfect bullish storm in 2022. The war and a dramatic geopolitical shift made dynamics shift from demand to supply-side concerns. The Fed has few if any tools to deal with supply-side economic events, and the only answer could be increasing supplies, which is a challenge in the current environment.

Just as the Fed mischaracterized inflation as “transitory,” US and European policies addressing climate change have played a role in the ascent of hydrocarbon prices. Since energy prices are inflation’s root cause, exploration and drilling could be the only answer to address the economic condition. Fossil fuels continue to power the world, and the price action is screaming that monetary policy has taken a backseat to the energy debacle.

Crude oil at the highest price since 2008- Inventories and product prices support higher highs

Nearby NYMEX WTI futures rose to $130.50 per barrel on March 7 after Russia invaded Ukraine on February 24, and the war escalated.

Source: Barchart

The chart highlights that the WTI futures were sitting at just above the $115 level on May 27. Brent crude oil hit a high of $139.13 in early March.

Source: Barchart

The chart shows the price was at around the $119.43 per barrel level in late May 2022. The all-time 2008 peaks in WTI and Brent were at $147.27 and $147.50.

While crude oil missed an all-time high, gasoline and heating oil hit record prices in 2022.

Source: Barchart

The chart shows that gasoline futures prices reached $4.0640 per gallon wholesale in May, an all-time high. July gasoline was sitting at over the $3.90 level on May 27.

Source: CQG

Heating oil is also a proxy for distillates like diesel and jet fuels. The chart shows the spike to a record peak in distillate in April at $4.7072 per gallon wholesale. Heating oil was also over the $3.90 per gallon level on May 27.

Inventories and US production have supported prices:

Source: US Energy Information Administration

So far, in 2022, US crude oil stockpiles rose by 1.9 million barrels, but the data includes strategic stockpile releases. Meanwhile, gasoline inventories declined by 12.9 million barrels, and distillate stocks fell by 19.9 million barrels from the beginning of 2022 through May 20. Consumers require oil products, and the data supports higher prices. While US daily output rose from 11.7 to 11.9 million barrels per day in 2022, they remain below the March 2020 13.2 mbpd record peak.

Natural gas is also at a fourteen-year high- Inventories, and European prices support the continuation of a very volatile bull market

NYMEX natural gas futures fell to a twenty-five-year low in June 2020, reaching $1.432 per MMBtu.

Source: CQG

The long-term chart shows that natural gas futures moved over six times higher by May 2022, reaching a high of $9.447 per MMBtu and sitting at over the $8.70 level on May 27.

Natural gas inventories are at low levels, with the price at a fourteen-year high.

Source: EIA

At the 1.812 trillion cubic feet level on May 20, natural gas in storage across the US was 17.6% below last year’s level and 15.3% under the five-year average.

Over the past years, natural gas liquefication opened a burgeoning export market for the US energy commodity as it now travels worldwide via ocean vessels. Natural gas’s addressable market expanded far beyond the US pipeline network.

While US natural gas exports have sold LNG to Asian consumers under long-term contracts, the war in Europe and Russian retaliation for sanctions have sent European natural gas prices to record levels.

Source: Barchart

The chart shows that ICE UK natural gas futures rose to the 800 pounds per 1,000 thermals level in March 2022. Before 2021, the all-time high was at the 117 level, and at the 171.61 level on May 27, the price was well above the pre-2021 record peak. Russian natural gas travels by pipeline to European consumers. The Russians have demanded payment in rubles and have cut off “unfriendly” countries that support Ukraine. Moreover, Sweden and Finland’s plans to join NATO only increase Russian export bans, and European consumers are turning to the US for supplies. The bottom line is that

US natural gas has become an international energy market, and the supply shortage is lifting worldwide prices.

In the US, natural gas is heading into the volatile hurricane season. In 2005 and 2008, Hurricanes Katrina and Rita wreaked havoc along the Louisiana coast.
The NYMEX futures delivery point is the Henry Hub in
Erath, Louisiana, along the Gulf Coast hurricane corridor. Storms in 2008 and 2005 lifted the price to $13.694, and $15.65per MMBtu, respectively. Even if the natural gas market makes it through the annual hurricane season without category four or five storms, the 2022/2023 winter season in worn-torn Europe will likely push prices higher, with $10+ NYMEX futures prices on the horizon.

The four reasons for higher fossil fuel prices- SPR releases are a temporary band-aid

At least four factors favor higher oil and gas prices in late May 2022:

The Biden administration’s green energy initiative favors alternative and renewable fuels while inhibiting fossil fuel production. The US energy policy since early 2021 handed the pricing power to OPEC, the international oil cartel, and Russia. After years of suffering under low prices and lower US demand because of US shale oil and gas production, OPEC+ now controls supplies and owes the US and European consumers no favors. US requests for production increases fell on deaf ears in Riyadh, Moscow, and other production capitals.
The February 4 “no-limits” agreement between China and Russia creates a bifurcation of the world’s nuclear powers, with the US and Europe on the other side. Russia’s invasion of Ukraine could lead to Chinese reunification attempts with Taiwan. Hostilities and geopolitical tensions make hydrocarbons a political tool for the Russians and allied world oil and gas producers.
The crude oil and natural gas prices have been rising despite a COVID-19 lockdown in China. When the Chinese economy reopens, the global energy demand will likely rise, putting more upside pressure on oil and gas prices. Meanwhile, a historic heatwave in India is causing increased energy demand in the world’s second-most populous country. India has not cooperated with the US and Europe with sanctions on Russia.
Even if the US were to shift back to a drill-baby-drill and frack-baby-frack approach to traditional energy production, labor shortages and higher input and equipment prices put upside pressure on production costs. Moreover, the Biden administration has doubled down on its green initiatives, so the potential for production increases remains low.

Instead of increasing production over the past months, President Biden released a historical level of crude oil from the strategic petroleum reserve. Past SPR releases have not weighed on the price in challenging times. Moreover, the US will eventually need to replace its resources, leading to buying in the oil market. The administration released 30 million barrels in early 2022 and has been releasing one million barrels per day from the SPY. The price remains around the $115 per barrel level as the SPR sales have been a short-term, ineffective band-aid. Meanwhile, crack spreads, a real-time demand indicator rose to new all-time highs in May. The level of refining margins are a warning sign that higher crude oil prices are on the horizon.

Drilling and exploration are the answer to supply-side economic woes

The Fed is increasing interest rates and reducing its balance sheet to address the highest inflation in over four decades. The central bank’s toolbox contains monetary policy tools that deal with the economy’s demand-side. In 2020, slashing interest rates and government stimulus encouraged borrowing and spending and inhibited saving.

The Fed now faces supply-side economic factors caused by the war in Ukraine, sanctions, and geopolitical bifurcation. There are few, if any, tools that can deal with the supply-side issues that will continue to fuel inflation. While core inflation data excludes food and energy, food and energy are critical inflationary factors that impact individuals and businesses. Moreover, energy is a crucial cost of goods sold input in all sectors of the economy. Therefore, the only answer to dealing with supply-side inflationary pressures in the current environment is to increase supplies. Just as the Fed woke up from its “transitory” trance, the administration will likely realize that encouraging fossil fuel exploration and drilling is the only route out of the current inflationary spiral. The US is blessed with rich oil reserves in the shale regions, Alaska, and other oil-producing areas. The Marcellus and Utica shale contains quadrillions of cubic feet of natural gas. A hostile Russia and China could cause a reversal of the current path of US energy policy. Rising oil and gas prices will eventually choke all economic growth, and the administration may have no choice but to put climate change initiatives to the side while it deals with the inflationary spiral.

XOP outperforming the stock market in 2022- The trend is your best friend

The war, rising interest rates, a strong US dollar, increasing geopolitical turmoil, and other factors have weighed on the stock market in 2022.

Source: Barchart

The S&P 500 is the most diversified US stock market index. After closing at 4,766.18 on December 31, 2021, the index was 12.8% lower at 4,158.24 on May 27.

The S&P Oil & Gas Exploration and Production ETF product (XOP) holds many of the top US companies that explore, drill, and produce crude oil and natural gas, including:

Source: Barchart

While the S&P 500 is 12.8% lower in 2022, the XOP performance has been impressive:

Source: Barchart

The XOP closed at $95.87 at the end of 2021. At the $157.04 level on May 27, the ETF was over 63.8% higher this year.

Existing oil and gas exploration, drilling, and production companies have experienced a profit bonanza in 2022, but they are struggling to meet the growing worldwide hydrocarbon requirements. The bull market in oil and gas opens the door for newcomers in exploration and drilling. Dealing with inflation requires addressing the root cause, energy shortages, and high prices. An epiphany that shifts US energy policy is the path of fighting inflation. The supply-side problems are beyond the Fed’s reach, and SPR releases are only a band-aid on a worldwide gapping ax wound.

Written By: Andrew Hecht, on behalf of Maurice Jackson of Proven and Probable.

Any investment involves substantial risks, including, but not limited to, pricing volatility, inadequate liquidity, and the potential complete loss of principal. This document does not in any way constitute an offer or solicitation of an offer to buy or sell any investment, security, or commodity discussed herein, or any security in any jurisdiction in which such an offer would be unlawful under the securities laws of such jurisdiction.

Tags #AndrewHecht, #AndyHecht, #CraftOil, #FED, #Integrous, #InvestingInEnergy, #IRS, #JuniorMining, #MauriceJackson, #Nisku, #ProvenAndProbable

Junior Mining Rover Metals

Gold Assets Could Help Secure Nation’s Shores

Post author By admin
Post date June 8, 2022

Original Source: https://www.streetwisereports.com/article/2022/06/06/gold-assets-could-help-secure-nations-shores.html

By advancing the potential of its gold projects in the Northwest Territories of Canada,

Rover Metals Corp.

(ROVR:TSX.V – ROVMF:OTCQB – 4X0:FRA)

$0.04

2022/6/8 8:23:44

Volume: 1,500
Market Cap: 6.3m
PE Ratio: -1.60
Year High: $0.12
Year Low: $0.03
Shares Out: 157,435,212
Float: 157,435,212

Institute Hold’gs:
3.30% (as of 08/31/17)
Institutions Bought Prev 3 Mo: 0

Analyst coverage

Fundamental Research Corp. — Siddharth Rajeev

Newsletter coverage

Clive Maund — CliveMaund.com

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See More Live DataRover Metals Corp., (ROVR:TSX.V; ROVMF:OTCQB; 4X0:FRA) said it is helping to assert Canada’s Arctic borders and safeguard the nation’s northern sovereignty above the 60th parallel.

Within the Arctic region’s 21 million square kilometers, eight countries — Canada, Russia, the United States, Denmark, Sweden, Finland, Norway, and Iceland — have exclusive economic rights to resources up to 200 nautical miles from their shores.

But as rising ocean temperatures disrupt shorelines and shipping routes, heavy hitters like China are eying assets and deep seaports along Canada’s Northwest Arctic Passage.

Potential at the 60th Parallel

Global gold production is expected to grow at a compound annual rate of more than 3% through 2026, with Canada being the largest contributor to the increase. Over the forecast period 2022-2026, Canadian gold mine production is expected to grow at a compound annual growth rate (CAGR) of 18.7% to reach 15.5 Moz.

But action is needed to capitalize on these trends. “If there are no new mines coming online in the Northwest Territories, the population, taxes, and government needed to assert Canada’s northern border dwindles creating a potential power vacuum in the arctic,” said Rover Metals Chief Executive Officer and Director Judson Culter.

With its strategic proximity to the key city of Yellowknife, Rover’s 100%-owned Cabin Gold asset and minority owned Up Town Gold asset could be the catalysts that build a critical mass of population, infrastructure, employment, and income, he said.

Cabin Gold Project

Cabin Gold is located 110 km northwest of the city of Yellowknife, close to hydro lines and to the Tlicho All Season Road (TASR), the newest corridor of mining infrastructure in the Northwest Territories. Two new gold mines along the TASR are scheduled to see advanced-stage mine development over the next five years: Fortune Minerals Ltd.’s (FT:TSX) NICO Project and Nighthawk Gold Corp.’s (NHK:TSX.V) Indin Lake project.

Supported by a grant from the government of the Northwest Territories’ Mining Incentive Program, under a mandate to ensure that mineral resource exploration and development continues to flourish in the north, Rover commenced Phase 3 exploration in Cabin Gold in March 2022.

“The project will be a success even if we prove up only 500,000 ounces of gold because we can do a milling offtake agreement with either Nighthawk or Fortune,” Culter said.

New drilling results are expected sometime this summer, but for now, Culter considers Sabina Gold & Silver Corp.’s (SBB:TSX; RXC:FSE; SGSVF:OTCPK) Back River project to be “the closest geological analog in terms of how we’re going to follow on our discoveries. Plus, we’re in the same neighborhood and with relatively the same type of rocks.”

Up Town Gold Project

Located on the outskirts of the city limits of the city of Yellowknife, this Archean lode-gold prospect adjoins the historic 7.2 Moz Giant Mine gold deposit and Gold Terra Resource Corp.’s (YGT:TSX.V; YGTFF:OTC; TXO:FRANKFURT) 2.2 Moz Yellowknife City Gold Project.

“We believe the Up Town Gold project has the potential for a million-plus ounces,” Culter said.

If exploration continues to be successful in proving up ounces of gold, Up Town has a high chance of resale within the next two years. Newmont Corp. (NEM:NYSE) is active in the Yellowknife area, having optioned their gold claims at the southern city limits to Gold Terra in 2021.

In addition, Culter said, “A new producing gold mine pushes the demand for new exploration and discoveries in the northern territories, paving the way for shipping and airborne logistics, new jobs, and the potential for new highways and hydro infrastructure. For every new head hired into a junior mining company, there’s a multiplier of two and a half new jobs hired into the supply chain that supports that company.”

‘We’re Pretty, Pretty Confident’

With assets in all the right places, Rover Metals is relatively under-appreciated and undervalued, Culter said.

“We’re at the very bottom of the Pierre Lassonde discovery curve, with only one direction but moving up ,” he said. “We need another $4 million or $5 million in drilling, but over the next two years, there’s critical ounces and value in our Cabin Gold project.”

The company has just raised $2 million dollars at a time when other junior miners have struggled to raise anything.

“Here’s a company with high-grade gold resources in the right neighborhood. We’re fully financed, with drill results coming, so we’re pretty, pretty confident,” Culter said. “I think investors should be taking note.”

Newsletter writer Clive Maund agreed, writing when the share price was $0.04 that Rover Metals was an immediate speculative buy. The price hovered at $0.04 on Monday.

“This, therefore, looks like a good low price to pick it up and this is said in the knowledge that it could temporarily break even lower,” he wrote. “As it is only at 4 cents now, it can’t drop much lower.”

Rover Metals has a market cap of $5.51 million and 157.44 million shares outstanding. It trades in a range of $0.12 and $0.03 over 52 weeks.

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Disclosures

1) Wendy Hubbert and Steve Sobek compiled this article for Streetwise Reports LLC and provide services to Streetwise Reports as an independent contractor/employee, respectively. They or members of their household own securities of the following companies mentioned in the article: None. They or members of their household are paid by the following companies mentioned in this article: None.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Rover Metals Corp. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

3) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

4) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Rover Metals Corp. and Gold Terra Resource, a company mentioned in this article.

Tags #CabinGoldProject, #JuniorMining, #MauriceJackson, #PreciousMetals, #ProvenAndProbable, JudsonCulter, RoverMetals, ROVR

Junior Mining Metallic Group Metallic Minerals Precious Metals

Couloir Capital is Pleased to Announce It Has Published a New Research Note on Metallic Minerals Corp

Post author By admin
Post date June 7, 2022

Vancouver, British Columbia–(Newsfile Corp. – June 7, 2022) – Couloir Capital is pleased to announce it has published a new research note on Metallic Minerals Corp. (TSXV: MMG) (OTCQB : MMNGF) (“MMG” or “Company”). The update report is titled, “Inaugural Copper Resource for La Plata, Strong Drilling Results at Keno Silver.”

Report excerpt: “MMG has significantly advanced its core properties Keno Silver and La Plata, with key developments including:

Announcement of a maiden resource for the La Plata Project located in Colorado, as well as final results from the drilling campaign completed in December 2021.
Announcement of further results from the 2021 field program at Keno Silver, specifically for East Keno and Formo.

The developments, especially the inaugural resource estimate for La Plata, are catalytic events that fundamentally change aspects of our valuation thesis for MMG. With the discovery of pounds in the ground, we are able to apply a valuation of MMG that incorporates the intrinsic value of a more material asset base, reducing the risk associated with a valuation based primarily on less tangible metrics. With a resource discovery and a private placement underway, we believe MMG will look to build on recent strength and maintain momentum going into the rest of 2022.”

The report can be accessed through Couloir Capital’s portal: https://www.couloircapital.com/research-portal

About Metallic Minerals Corp.

Metallic Minerals Corp. is a growth-stage exploration company, focused on high-grade silver and gold projects in underexplored, brownfields mining districts of North America. Our objective is to create shareholder value through a systematic, entrepreneurial approach to exploration in the Keno Hill silver district, La Plata silver-gold-copper district, and Klondike gold district through new discoveries and advancing resources to development. Metallic Minerals has consolidated the second-largest land position in the historic Keno Hill silver district of Canada’s Yukon Territory, directly adjacent to Alexco Resource Corp’s operations, with nearly 300 million ounces of high-grade silver in past production and current M&I resources. In addition, exploration at the recently acquired La Plata silver-gold-copper project in southwestern Colorado is targeting a silver and gold-enriched copper porphyry and adjacent high-grade silver and gold epithermal systems. 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.

About Couloir Capital Ltd.

Couloir Capital Ltd. is an investment research firm comprised of a team of veteran investment professionals dedicated to providing world-class opportunities in the natural resource exploration and development sectors along with real and alternative asset classes and strategies.

For further information, please contact:

Rob Stitt, Managing Director, Couloir Capital Ltd.

Email: rstitt@couloircapital.com

www.couloircapital.com

Disclosure: Couloir Capital and/or affiliated companies holds shares or warrants in the Company. The warrants have an exercise price of $0.60 and expire in August 2022.

A service agreement exists between Couloir Capital and the Company.

Tags #JuniorMining, #MauriceJackson, #MetallicMinerals, #MMG, #ProvenAndProbable, Metallic Group of Companies

Breaking Exclusive Interviews Junior Mining Lion One Metals

Lion One Hits Bigly

Post author By admin
Post date June 7, 2022

I have been waiting for a couple of years to write this story. For years Lion One has been my biggest holding because the story is so simple to understand. I’ve written half a dozen pieces on the company and the last one I wrote was seven months ago. I called it, Buying Lion One is like Stealing. And few listened. The shares were $.97 at the time. Between then and now the stock has barely edged higher in spite of excellent results such as their May 31 press release showing 584 grams of gold per tonne over 0.30 meters.

I love the chat boards. You get to see just how stupid some people can be in their failed attempts to look smart. Here is what someone said on the CEO.CA Lion One board in response on May 31st.

@NabtaPlayaEgypt Tuvatu continues to be restricted to returning very narrow (1/3 meter average) high grade shoots which unless such systems are spaced relatively close en-echelon, may not be economic to mine. At the rate that drilling returns are coming in, that it could take another 2-3 years minimum to create a significant resource update.

Someone wrote me privately and asked what I thought about the comment. Here is how he posted my response.

@WisGuy1 BM response: “Absolute rubbish. There is a similar mine a stone’s throw away that has produced millions of ounces of gold of similar grade and thickness.”
(Click on images to enlarge)

Investing in Lion One at a profit is about as difficult as learning how to fall off a bike. If you can handle that, you can make money on Lion One, because there is an identical age and grade alkaline deposit located about 40 km to the Northeast called the Vatukoula Gold mine. In production from 1932 the Vatukoula mine has produced over seven million ounces of gold and shows a resource of an additional four million ounces.

The deposits are identical in age, grade and type of deposit. So anyone saying you can’t mine a 584-gram intercept of gold over 0.30 meters is blowing smoke.

Alkaline deposits tend to be big. Lion One’s Tuvatu project can easily be as big as Vatukoula. But to satisfy the doubting Thomas of the world Lion One released a world class intercept on June 6, 2022 showing 75.9 meters of 20.86 g/t gold. That’s a 1583 gram/meter hole similar to the home run first hole of Newfound Gold in 2020 with 19.0 meters of 92.86 g/t gold giving a 1764 gram/meter hole.

Lion One is fully permitted to go into production. They built their own assay lab and it is run to industry standards so assays that might take 2-3 months in Canada take 2-3 days in Fiji. Lion One plans on production to begin in Q3/Q4 of 2023.

Lion One has a current 43-101 showing just over 910,000 ounces of gold at an average of 5.61 g/t to 5.8 g/t. I had a short conversation with Wally Berukoff about the production plans. He is shooting for annual numbers of around 100,000 ounces of gold. That is pretty much the magic number. The market will not take any company seriously below that number.

Because of silly Covid restrictions put in by the government of Australia and Fiji, Lion One has been pretty much delayed for two years. The stock hit a high of $2.67 in July of 2020 based on excellent results before drifting lower to a low a month ago of $.88. I’ll stand by every word I said in my piece from November of last year. Buying Lion One is like stealing. They have the goods.

Wally realized the project could not be run remotely from Perth so last year he put in a brilliant on site team in Fiji. If you watch this video, I think you will agree with me in saying that this is one of the most professional teams I have ever seen in twenty years.

Currently the company has about $34 million in cash in the treasury. They have six drills turning with two more on order. The incredible latest hole shows they have tapped into a feeder pipe. They will continue to drill to upgrade and increase the near surface gold resource for near term production but I expect them to pincushion the feeder to determine all its limits.

The worst thing that can happen to any stock is for shareholders to become bored. Once they do, they bail out at the first opportunity to break even. While the stock going up 17.5% on the news with over two million shares trading on the news, I suspect that was a lot of weak hands selling. Look for a couple of quiet days without a lot of price movement and then for the shares to go higher, perhaps much higher. The incredible results of the past two years tell me the high of $2.67 will be revisited soon. Lion One is still cheap.

Until the news of the incredible latest intercept hit the market my personal shares have been underwater for most of the last two years. My average price was $1.18 and it took this news to bring me into profit. But I have believed this story since I first heard it and continued to add to my position as the price dropped. I have never sold a single share and right now I am really glad.

Lion One is an advertiser. I love the company; I love the management and the team that Wally has put together. It will be a mine. It will be profitable and it will be a hell of a lot bigger than anyone imagines today. I expect majors will be sniffing around soon wanting to pick up a piece of it while it’s still cheap. That isn’t going to last long. As with the case of Newfound Gold, intercepts similar to this do not occur in a vacuum. There will be more record-breaking hits in the future.

I own shares and have participated in PPs in the past and will in the future. I am biased so do your own due diligence.

Lion One Metals
LIO-V $1.34 (Jun 06, 2022)
LOMLF OTCQX 156 million shares
Lion One website

###

Bob Moriarty
President: 321gold
Archives

321gold Ltd

Tags #BobMoriarty, #JuniorMining, #LIO, #LionOneMetals, #MauriceJackson, #ProvenAndProbable, #QuintonHennigh, #Tuvatu, 321gold

Junior Mining Labrador Gold Precious Metals Uncategorized

Labrador Gold Intersects 6.22 G/T Gold Over 4 Metres in First Hole at Golden Glove Including 10.31 G/T Over 2 Metres

Post author By admin
Post date June 7, 2022

Figure 1.

TORONTO, June 07, 2022 (GLOBE NEWSWIRE) — Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce results from seven drill holes, including the first hole drilled at the Golden Glove Target in the south end of its 100% owned Kingsway project near Gander, Newfoundland. These holes were drilled as part of the Company’s ongoing 100,000 metre drill program at Kingsway.

Hole K-22-150 intersected 6.22 g/t Au over 4 metres that included 10.31 g/t Au over 2m at a vertical depth of 246 metres. This intersection is located approximately 160 m south of the Golden Glove discovery outcrop where six grab samples, three of which contained visible gold, assayed between 2.99 g/t and 338.1 g/t Au (see news release dated September 21, 2021). This intersection at Golden Glove is the fourth of four targets drilled by LabGold to return significant gold intercepts.

While there are many similarities between the mineralization observed at Golden Glove and that at Big Vein, a significant difference is that while Big Vein occurs on the west side of the Appleton Fault Zone, Golden Glove is situated on the East Side. This is the first drilling on the east side of the fault at the Kingsway Property.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%2522Labrador%253BFault_(geology)%253BGold%2522%252C%2522lmsid%2522%253A%2522a0770000002m0AbAAI%2522%252C%2522revsp%2522%253A%2522globenewswire.com%2522%252C%2522lpstaid%2522%253A%252256728853-316a-31bc-a98d-be02627be93e%2522%252C%2522pageContentType%2522%253A%2522story%2522%257D

Six holes drilled at the Pristine target intersected near surface gold mineralization over significant widths in the Doyle Zone, including 1.86 g/t Au over 8m in hole K-22-144 and 1.75 g/t over 20.2m that included 2.76 g/t Au over 6.2m in Hole K-22-139.

“We are very pleased with the results from the first hole drilled at Golden Glove especially considering that the intersection is approximately 160m south of the discovery outcrop. This indicates excellent potential for the area between this hole and the outcrop and we are certainly looking forward to the results from the remaining five holes drilled there to date,” said Roger Moss, President and CEO of LabGold. “The continued near surface gold intercepts extending the strike length of the Doyle Zone are nice to see especially those with wider intersections. We are encouraged by the successful drilling of our four initial targets, all of which have delivered significant gold mineralization. We will continue to test the new targets developed along the Appleton Fault Zone through the summer, starting with the CSAMT target approximately eight kilometres northeast of Big Vein.”

Hole ID	From (m)	To (m)	Interval (m)	Au (g/t)	Zone
K-22-152	66	70.24	4.24	1.78	Doyle
	87	90	3	2.24
	93	96	3	1.17
K-22-150	348	352	4	6.22	Golden Glove
including	348	350	2	10.31
K-22-149	13	14	1	1.27	Doyle
K-22-146	57	57.95	0.95	1.12	Doyle
K-22-144	64	72	8	1.86	Doyle
including	69	71	2	3.32
K-22-143	92.2	93	0.8	1.42	Doyle
K-22-139	57.2	77.4	20.2	1.75	Doyle
including	62.2	68.4	6.2	2.76
	89.4	92.4	3	1.59

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

Hole number	Easting	Northing	Elevation	Azimuth	Dip	Depth
K-22-152	661804	5436020	54	300	50	221
K-22-150	660539	5431776	48	265	45	452.57
K-22-149	661804	5436021	62	260	45	227
K-22-146	661803	5436032	64	260	62	176
K-22-144	661808	5436070	65	280	45	200.27
K-22-143	661801	5436034	54	260	45	299.06
K-22-139	661802	5436033	54	300	45	215

Table 2. Drill hole collar details

Figure 1. Doyle Zone plan map.

https://www.globenewswire.com/NewsRoom/AttachmentNg/5909d35d-b977-40ba-81da-f664988cc5e1

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.

In early 2020, Labrador Gold acquired the option to earn a 100% interest in the 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 50,000 metres targeting high-grade epizonal gold mineralization along the Appleton Fault Zone following encouraging early results. The Company has approximately $28 million in working capital and is well funded to carry out the planned program.

The Hopedale property covers much of the Florence Lake greenstone belts 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 159,199,026 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.

For more information please contact:

Roger Moss, President and CEO

Tel: 416-704-8291

Or visit our website at: www.labradorgold.com

Twitter: @LabGoldCorp

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

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

Tags #BigVein, #JuniorMining, #KingswayGoldProject, #LAB, #LabradorGold, #MauriceJackson, #MilesFranklin, #PreciousMetals, #ProvenAndProbable, #RogerMoss

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

Metallic Minerals | High-Grade Silver, Keno Style Intercepts

Post author By admin
Post date June 6, 2022

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

Website: https://metallic-minerals.com/

Corporate Presentation: https://metallic-minerals.com/investors/presentations/

Tags #GregJohnson, #MauriceJackson, #MetallicGroup, #MetallicMinerals, #MMG, #ProvenAndProbable, #ScottPetsel, maurice jackson

FOUNDATIONAL READING

FOUNDATIONAL READING

FOUNDATIONAL READING

FOUNDATIONAL READING

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Tag: #MauriceJackson

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Labrador Gold Intersects 6.22 G/T Gold Over 4 Metres in First Hole at Golden Glove Including 10.31 G/T Over 2 Metres

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