Vancouver, BC (November 12, 2019) IsoEnergy Ltd. (TSX.V: ISO) (“IsoEnergy” or the “Company”) is pleased to announce that the Company has entered into an agreement with PI Financial Corp. (the “Underwriter”) for a bought deal private placement to raise aggregate gross proceeds of C$3.50 million (the “Offering” or the “Brokered Financing”) and a non-brokered private placement of Units (as defined below) (the “Non-Brokered Financing”) to raise aggregate gross proceeds of C$2.65 million.
IsoEnergy Ltd.
970 – 1055 West Hastings Street
Vancouver, BC V6E 2E9
Tel: (778) 379-3211
Russell Ball, Chief Executive Officer of Calibre stated: “The La Libertad district has produced over 1.7 million ounces of gold and we see a number of near-mine and regional opportunities to make new discoveries and expand known resources and thus extend the mine life at La Libertad. We recently commenced drilling at our Buenos Aires and Amalia targets.”
“Our recent tests on sortability of fine gold nuggets are very encouraging,” commented Rob Humphryson, CEO and director of Novo. “As investors are aware, Novo is experimenting with a number of waterless, chemical free processing techniques to handle the unique nuggety gold in our Pilbara conglomerates and lag gravels. Tests over the past few months with Steinert mechanical sorters fitted with induction sensors have shown that we can now reliably identify gold particles orders of magnitude smaller than possible only a year ago. Early this year, we showed that sorting of gold-bearing rock material using TOMRA’s mechanical sorters utilizing x-ray transmission is highly effective. More recent tests using Steinert eddy current separators also proved very promising. We are quickly developing a palette of processing techniques that can be potentially utilized to treat our various styles of mineralization. Whilst we have been assured that a detected gold particle can be reliably ejected, field testing of these technologies in 2020 will be the next critical step to prove this technology and gain an operational understanding of productivities, costs and detection size limits.”
Investor Relations:
Leo Karabelas, VP of Corporate Communications
Telephone: (416) 543-3120
E-mail: leo@novoresources.com
Albert Lu of Sprott Media, just released an interview with Danielle DiMartino Booth. We encourage you to visit Sprott Median and be sure to subscribe and click the bell.
David Schectman, the founder of Miles Franklin Precious Metals Investments, has just released his latest musing that is a great reminder of why one should have an allocation towards physical precious metals. We are buying Silver and Platinum bullion, along with Numismatic Gold.
Contact me, Maurice Jackson, before you make your next physical precious metals purchase at 855.505.1900 or emailmaurice@milesfranklin.com
Michael Rowley, CEO of Group Ten, commented: “We are very pleased to have the support of one of the most prominent funds in the mining industry. This investment in Group Ten highlights the potential of our flagship Stillwater West PGE-Ni-Cu project in Montana, and also the potential of our Canadian assets. These funds put us in a strong position to advance our exciting portfolio of assets.”
Group Ten Metals Inc.
Suite 904 – 409 Granville Street
Vancouver, BC V6C 1T2
