Tag: #ProvenAndProbable

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Energy Precious Metals Uncategorized

Silver47 Exploration Drills 7.68m of 1577 g/t Ag within 15m of 907 g/t Ag

October 24, 2022

Silver47 Exploration Corp. (Vancouver) (the “Company”) is pleased to report that it has completed 5 shallow diamond drill core holes at the Silver Matt Discovery on its wholly owned Michelle Project located in north-central Yukon, Canada. All 5 holes intersected oxide-sulphide mineralization. Mineralization was first discovered in the Silver Matt area in 2009 by prospecting, where a grab sample returned 4180 g/t Ag and where a 2015 hand trench yielded 2.8m of 894 g/t Ag, 46.9% Pb and 8.09% Zn. The initial drill discovery at the Silver Matt Target was made in 2021 through RC drilling in hole MCH-21-005 as highlighted below.

Highlights

· Discovery RC hole MCH-21-005 graded 19.8m of 556 g/t Ag, 20.3% Pb, 3.16% Zn, including 7.6m of 824ppm Ag, 28.7% Pb, 1.54% Zn.

· Discovery confirmation core hole MCH-22-002 yielded 15m of 907 g/t Ag, 26% Pb, 2.7% Zn including 7.7m of 1577 g/t Ag, 45% Pb, 4% Zn.

Drilling

Holes MCH-22-001 to MCH-22-003 were completed from the same collar as the 2021 RC holes to test potential down-dip and strike extension from the discovery hole MCH21-005. Holes MCH22-004 and MCH22-005 were collared 50m northwest to test strike extension (results pending).

Hosted in Bouvette Formation limestone and dolostone, mineralization occurs primarily as strongly oxidized material with remnant intervals of massive sulphide, primarily galena. The high-grade intervals are typically surrounded by a gradational alteration halo into fresh carbonates. Karst voids above and within the mineralized zones were noted. Mineralization appears to have a shallow northeast dip to flat-lying with a NW/SE strike orientation observed across the 5 holes drilled in 2022, please see Figure 2 below

Table 1. Drill Highlights from 2022, holes MCH-22-001 to MCH-22-003, Michelle Project.

Assay intervals are unweighted averages and true widths cannot be determined at this time.

Figure 1. General Location Map for the Michelle Project.

MCH-21-005 

Initial drilling at the Silver Matt Zone was completed using a Reverse Circulation drilling in late summer of 2021.  Oriented to drill under the 2015 trench, hole MCH-21-005 intersected a broad zone of oxide mineralization over 19.8m of 556 g/t Ag, 20.3% Pb, 3.16% Zn, including 7.6m of 824ppm Ag, 28.7% Pb, 1.54% Zn 

MCH-21-006 

The second hole drilled at Silver Matt in 2021 was drilled vertically from the same collar and intersected 3.04m of oxide mineralization grading 42.25 g/t Ag, 2.4% Pb, and 2.8% Zn at 13.72m depth. 

MCH-22-001 

The objective of MCH-22-001 was to undercut the RC discovery hole MCH-21-005. MCH-22-001 intercepted high-grade mineralization at a shallower depth than expected, indicating a flat to shallow-dipping lens.  An intensely oxidized interval of 4.40m from 21.65m to 26.05m contained up to 2% blebby galena with fine white crystalline precipitate zinc and lead oxides.   

MCH22-002 was drilled to twin MCH-21-005 to obtain structural data and better-define the mineralized zone, as hole 22-001 produced unexpected results.  The higher resolution data provided by core drilling the RC intercept allowed for readjustment of the following drill hole orientations.  MCH-22-002 resulted in similar mineralized widths, but with significantly higher-grade silver, lead and zinc.  This can be attributed to the better recovery percentage of core drilling compared to RC drilling, as well as more control on sampling intervals in the logging process. Up to 7% metallic sulphides, with lead-zinc precipitates were observed through the 7.68m interval. 

Figure 2. Cross Section of the Silver Matt Zone, Michelle Project. 

Figure 3. Galena mineralization with pervasive oxidation at 39m in MCH-22-002.  

Figure 4. Galena mineralization with pervasive oxidation at 41m in hole MCH-22-002.

MCH-22-003 

MCH-22-003 was oriented to test the NW/SE proposed strike trend, and intersected 9.4m of high-grade mineralization including 1.05m of 1395 g/t Ag, 51.47% Pb (final values pending), 12.25% Zn at 30m – 31.05m.  Hole 3 confirmed the strike orientation and shallow-dip of the mineralized lens. 

Table 2.  2021 RC and 2022 DDH collar table. 

Easting and northing in meters, NAD 1983 Zone 8. 

Geochemical Sampling  

Concurrent to drilling operations, a property-wide surface sample and trenching program was carried out on high-priority targets.  A total of 754 soil samples and 92 rock samples (including trenches) were collected.  All trenches were hand-dug and reclaimed prior to the end of the program.  Notably, a trench dug approximately 500m NW of the Silver Matt drill holes reported two 2-meter contiguous samples grading 423 g/t Ag and 247 g/t Ag, with +10% Pb, indicating a significant potential strike extension of the mineralized trend. 

Silver Matt Target 

Trench TR22-01 was dug approximately 500m northwest, and on strike, to the Silver Matt showing produced two 2m composite samples of 423 g/t Ag, 11.9% Pb, 1.6% Zn; and 247 g/t Ag, 14.5% Pb and 0.76% Zn from 2.3m-4.3m and 4.3m-6.4m, respectively.  A rock grab sample taken 50m north of this trench graded 226 g/t Ag, 15.8% Pb, 2.1% Zn.  Additional samples indicated anomalous zinc concentrations northeast and east of the known mineralization. 

Heeler Target  

Located 10km east of the Silver Matt Zone, 5 trenches were completed at the Heeler showing, following up a 2015 high-grade sample.  Trench TR22-03 contained two samples (1m-1.6m, and 2.85-2.95) with 14.5 g/t Ag, 2.1% Pb, 1.5% Zn; and 22.9 g/t Ag, 1.5% Pb, 1.6% Zn.  Both samples also contained anomalous values of critical minerals returning 303ppm chromium, 3400ppm copper, 208ppm gallium, 1940ppm nickel, 936ppm antimony and 4980ppm vanadium. 

Two anomalous zinc samples were taken while prospecting east of the Heeler Target.  Sample E814060 graded 2.18% Zn and sample E814531 graded 3.6% Zn, 0.6% Pb, and 5.76 g/t Ag. 

Soil/talus-fines sampling in the Heeler area was inconclusive with several point anomalies for silver, lead, and zinc.  Further prospecting of this showing is warranted given the concentration of critical minerals. 

Nanny/Boxer Target 

Historic trenching and prospecting at these showings, 21km northeast from the Silver Matt Zone, produced several anomalies for 2022 follow up.  Soil/talus-fines sampling along contours and ridgelines in this target area resulted in three high-priority anomalies for silver, lead, zinc, barium, gallium, and vanadium.  Trenches TR-22-09 and TR-22-10 contained significant intervals of silver, lead and zinc mineralization.  TR-22-09 exposed two non-continuous intervals (trench filled with talus from 4.8m to 8.5m); 0-4.8m graded 2 g/t Ag, 0.1% Pb and 11.9% Zn over 4.8m and 10.2-16.1m graded 7.8 g/t Ag, 0.62% Pb and 7.9% Zn over 5.9m.  Both intervals contained anomalous values of cadmium and gallium.  TR-22-10 exposed a 9.5m interval of 103 g/t Ag, 8.1% Pb, and 4.2% Zn, including 3mof 355 g/t Ag, 24.5% Pb, 6.2% Zn. Two samples were collected while prospecting the Nanny/Boxer target area with >20% Zn and anomalous silver, lead, cadmium, and antimony concentrations. 

Figure 5. Silver Geochemical Map, Michelle Project. 

Map Description automatically generated

QAQC 

Quality assurance and quality control protocols for rock, soil and drill core sampling follow industry standard practices.  Rock and soil samples were delivered directly to ALS Minerals preparation facility in Whitehorse, Yukon. Core samples were taken at 1.0m intervals in mineralized zones, and 3.0m intervals in unaltered, fresh host rock.  Blank, duplicate (coarse and lab pulp), and certified reference materials were inserted into the sample stream every 8th sample.  Core samples were cut in half, bagged, sealed and delivered to ALS Minerals preparation facility in Whitehorse, Yukon.  ALS Minerals Laboratories is registered to ISO 9001:2008 and ISO 17025 accreditations for laboratory procedures.  Rock and core samples were analyzed at ALS Laboratory facilities in North Vancouver using four acid digestion with an ICP-MS finish.  Over limits for Ag, Pb, and Zn were analyzed using Ore Grade four acid digestion.  Silver values >1,500ppm were analyzed using fire assay with gravimetric finish.  Lead >20% and Zinc >30% were analyzed using titration methods.  The standards, certified reference materials were acquired from CDN Resource Laboratories Ltd. of Langley, British Columbia and selected to represent expected mineralization.  Blank material consisted of non-mineralized limestone landscaping rock. 

About the Michelle Property 

Silver47 acquired the Michelle project from Silver Range Resources 100% by issuing 5,650,000 shares (16.8%) of Silver47.  Silver Range retains a 1% NSR on the Michelle project and is entitled to receive a one-time payment of $1 million if a positive production decision is made on a resource of not less than 80 million ounces of silver as outlined in a feasibility study on the Michelle project. Silver47 holds a ROFR on the sale of the NSR. 

Covering 15,900 hectares, the Michelle Project is located in north-central Yukon, 130km north-northeast of Dawson City, YT.  First discovered in 1973, exploration has identified 20 named showings with limited drilling defining 3 mineralized zones.  Silver, lead, zinc and a number of critical metals are known to occur within oxide and sulphide mineralization of the Bouvette Formation carbonates across the property.  Mineralization style is yet to be defined, with showings exhibiting characteristics of Mississippi Valley Type, Carbonate Replacement, within the broader classification of SEDEX deposits.  The Michelle Property is considered an early-stage exploration project, with further property-scale sampling and targeted drilling planned, pending a class 3 permit. 

Mr. Alex S. Wallis, P.Geo., is Vice President of Exploration for the Company who is a qualified person as defined by National Instrument 43-101.  Mr. Wallis has verified the data disclosed in this press release, including the sampling, analytical and test data underlying the information and has approved the technical information in this press release. 

Alex Wallis, P.Geo., VP Exploration 

(250) 505-6454 

awallis@silver47.ca 

About Silver47 Exploration Corp. 

Silver47 is a private Canadian exploration company focused on advancing its critical minerals project in the Yukon Territory.   

Cautionary Statement Regarding Forward-Looking Information 

This news release includes certain “forward-looking information” under applicable Canadian securities legislation. Forward-looking information involves risks, uncertainties, and other factors that could cause actual 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 the completion of the pending assays, characteristics of the mineralized lens and mineralized trend, anomalous zinc concentrations in the Silver Matt Target, and further prospecting of the Heeler Target. Forward-looking information is necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking information. Accordingly, the forward-looking information discussed in this release, may not occur and could differ materially as a result of these known and unknown risk factors and uncertainties affecting the Company. Although the Company believes that the assumptions and factors used in preparing the forward-looking information are reasonable, undue reliance should not be placed on this 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. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise. 

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Junior Mining Precious Metals Silver Bullet Mines Uncategorized

Silver Bullet Mines Financing for High-Grade Gold and PGMs

Burlington, Ontario–(Newsfile Corp. – October 21, 2022) – On September 26, 2022 Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) (‘SBMI’ or ‘the Company’) disclosed it had found significant levels of palladium, platinum, rhodium, osmium and gold in its concentrate. On October 18, 2022 SBMI announced a second round of assay results proving up the palladium, platinum, rhodium, osmium and gold in representative mineralized material from its Buckeye Silver Mine near Globe, Arizona.

To allow SBMI to exploit the palladium, platinum, rhodium, osmium and gold, in addition to the original silver targets, SBMI announces its intention to carry out a non-brokered financing of Units. Each Unit will be priced at $0.20 (twenty cents) and will comprise of one common share and one full 30-cent (thirty cents) warrant with a 24-month term, with each such warrant being exercisable into a common share (the “Financing”).

The target amount for the Financing will be $600,000 (six hundred thousand dollars), with the number of Units to issue as a result of the Financing being 3,000,000. Units will be allocated on a first come, first served basis although SBMI retains the right to accept, reject or modify subscription agreements as it sees fit. The Financing is subject to regulatory approval.

SBMI currently owns a gravity mill near Globe, Arizona that is fully functional for the extraction of silver. The use of proceeds from the Financing will be to determine what equipment will be required to augment that mill’s capabilities to also extract the other elements mentioned above. All of the existing mill will be retained. Other proceeds from the Financing will be for working capital.

For further information, please contact:

John Carter
Silver Bullet Mines Corp., CEO
cartera@sympatico.ca
+1 (905) 302-3843

Peter M. Clausi
Silver Bullet Mines Corp., VP Capital Markets
pclausi@brantcapital.ca
+1 (416) 890-1232

Cautionary and Forward-Looking Statements

This news release contains certain statements that constitute forward-looking statements as they relate to SBMI and its subsidiaries. Forward-looking statements are not historical facts but represent management’s current expectation of future events, and can be identified by words such as “believe”, “expects”, “will”, “intends”, “plans”, “projects”, “anticipates”, “estimates”, “continues” and similar expressions. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct.

By their nature, forward-looking statements include assumptions, and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this new release, SBMI will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities laws, SBMI assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: the impact of SARS CoV-2 or any other global virus; reliance on key personnel; the thoroughness of its QA/QA procedures; the continuity of the global supply chain for materials for SBMI to use in the production and processing of ore; shareholder and regulatory approvals; the presence and quantity of minerals in the Company’s properties; activities and attitudes of communities local to the location of the SBMI’s properties; risks of future legal proceedings; income tax matters; fires, floods and other natural phenomena; the rate of inflation; availability and terms of financing; distribution of securities; commodities pricing; currency movements, especially as between the USD and CDN; effect of market interest rates on price of securities; and, potential dilution. SARS CoV-2 and other potential global viruses create risks that at this time are immeasurable and impossible to define.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/141309

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Base Metals Energy Junior Mining Precious Metals Rover Metals

Rover Metals Applies for Share Consolidation

Rover Metals Corp.
Rover Metals Corp.

VANCOUVER, British Columbia, Oct. 20, 2022 (GLOBE NEWSWIRE) — Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FSE:4XO) (“Rover” or the “Company”) announces that it is applying to the TSX Venture Exchange (the “TSXV”) to consolidate its outstanding common shares (the “Common Shares”) on the basis of one (1) post-consolidation Common Share for each six (6) pre-consolidation Common Shares (the “Consolidation”). The Company currently has 157,585,212 Common Shares issued and outstanding and following the completion of the Consolidation will have approximately 26,264,202 Common Shares issued and outstanding.

CORPORATE PRESENTATION < CLICK HERE >

FACT SHEET < CLICK HERE >

No fractional Common Shares will be issued as a result of the Consolidation. Each fractional Common Share following the Consolidation that is less than one-half of a share will be cancelled and each fractional Common Shares that is at least one-half of a share will be rounded up to the nearest whole Common Shares. No cash consideration will be paid in respect of fractional Common Shares. All options and warrants outstanding will reflect the change in accordance with the Consolidation. Registered holders of Common Shares will receive a letter of transmittal from Computershare investor Services inc. with instructions on how to exchange existing share certificates for new post-Consolidation share certificate.

The Consolidation remains subject to acceptance by the TSXV. The Common Shares are expected to begin trading on the TSXV on a post-share Consolidation basis within two or three business days following the date when the TSXV issues its final bulletin approving the Consolidation. The Company will issue an updating news release once such approval has been obtained.

There will be no name change and no ticker symbol change in connection with the Consolidation and shareholder approval is not required.

Judson Culter, CEO at Rover Metals, states “a consolidation of our Company’s securities is necessary to position Rover for growth and success with our new critical mineral projects. Both the Let’s Go Lithium Project, and the IML Zinc-Copper Project require Phase 1 and Phase 2 Exploration Programs. Additionally, the Company’s existing gold projects require expanded Phase 2 Exploration Programs. Management and the Directors of the Company believe that the timing is right for a consolidation as the Company will need to finance future exploration at all of its mineral resource projects.”

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 Canada and the U.S.

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.
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.

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Rick Rule – Eat the Rich, Prepare to Starve

The following was conducted during the 2022 – Capitalism and Morality, hosted by Jayant Bhandari.

Legendary investor, philosopher Rick Rule speaks at the world famous ‘Capitalism and Morality’. Mr. Rule will be presenting moral and philosophical thoughts in his presentation regarding the attack on the rich. Absolute must watch!

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Junior Mining Labrador Gold Precious Metals

Labrador Gold Intersects 30.67 g/t Au over 1.1 Metres at North End of Big Vein

Labrador Gold Corp.
Labrador Gold Corp.

Figure 1.

Plan Map of Big Vein Target
Plan Map of Big Vein Target

Figure 2.

Big Vein Long Section
Big Vein Long Section

Figure 3.

Plan map of Kingsway Gold occurrences showing latest drill intersections.
Plan map of Kingsway Gold occurrences showing latest drill intersections.

TORONTO, Oct. 20, 2022 (GLOBE NEWSWIRE) — Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce results from recent drilling targeting the prospective Appleton Fault Zone over a 12km strike length. The drilling is part of the Company’s ongoing 100,000 metre diamond drilling program at its 100% owned Kingsway Project.

https://embed.fireplace.yahoo.com/embed?ctrl=Monalixa&m_id=monalixa&m_mode=document&site=sports&os=android&pageContext=%257B%2522ctopid%2522%253A%25221542500%253B1577000%2522%252C%2522hashtag%2522%253A%25221542500%253B1577000%2522%252C%2522wiki_topics%2522%253A%2522Intersection_(road)%253BFault_(geology)%253BLabrador%253BMetre%253BNewfoundland_and_Labrador%253BGold%253BCompany%2522%252C%2522lmsid%2522%253A%2522a0770000002m0AbAAI%2522%252C%2522revsp%2522%253A%2522globenewswire.com%2522%252C%2522lpstaid%2522%253A%252286a5e179-5489-37b7-94fd-4248b510f16f%2522%252C%2522pageContentType%2522%253A%2522story%2522%257D

Highlights of the drilling include an intersection of 30.67 g/t Au over 1.1 metres from 208.85 metres that included 99.31 g/t Au over 0. 3 metres in Hole K-22-190 from the north end of Big Vein. The intersection is approximately 75 metres north of the discovery outcrop and is downdip of Hole K-22-177 that intersected the longest interval yet of 2.02g/t Au over 32m (see news release dated October 7, 2022). Also at Big Vein, Hole K-22-194 intersected 1.27 g/t Au over 6.17 metres from 115 metres that included 2.3 g/t Au over 3m. At Big Vein Southwest, Hole K-22-184 intersected 4.67 g/t over 1.64m from 336.25m that included 8.97 g/t over 0.75m.

“We continue to have drilling success at the north end of Big Vein where several significant intercepts have now been received, including 6.07 g/t Au over 19m in hole K-21-111 and 2.02 g/t over 32m in Hole K-22-177 and now 30.67g/t Au in Hole K-22-190,” said Roger Moss, President and CEO. “The down dip mineralization in K-22-190 shows the high-grade prospectivity of this area which we are currently following up. Big Vein has been drilled over a strike length of approximately 520 metres and remains open both to the northeast and southwest. Two drill rigs are currently drilling at Big Vein to test for extensions of the mineralization in both directions.”

Hole IDFrom (m)To (m)Interval (m)Au (g/t)Zone
K-22-194202111.05Big Vein






 242511.04
 115121.176.171.27
including11511832.30
 26526831.52
K-22-192nsv   Golden Glove
K-22-191nsv   CSAMT
K-22-19021.65220.351.00Big Vein












 12412511.15
 199.72000.32.31
 208.85209.951.130.67
including209.65209.950.399.31
 233.52351.51.10
 24824911.03
 310.453110.554.19
K-22-186nsv   CSAMT
K-22-184333338.595.591.47Big Vein SW


including336.25337.891.644.67
including336.253370.758.97

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

A total of 58,265 metres have been drilled to date out of the planned 100,000 metre program. Assays are pending for samples from approximately 3,100 metres of core (11.5% of the total submitted).

The Company has $21 million in cash and is well funded to carry out the remaining 42,000 metres of the planned drill program as well as further target generation on the property.

Hole IDEastingNorthingElevation (m)AzimuthDipTotal Depth (m)
K-22-194661594543532745.714560704.0
K-22-192660700543200833.525045599.0
K-22-191666547.1544354346.83314045371.5
K-22-190661594543532745.714555668.2
K-22-186666538544353938.631065320.0
K-22-184661343.9543491644.48113045428.0

Table 2. Drill hole collar details

Figure 1. Plan Map of Big Vein Target.
https://www.globenewswire.com/NewsRoom/AttachmentNg/7412e031-b8c1-4ea8-aca7-6a2b5dc176b9

Figure 2. Big Vein Long Section.
https://www.globenewswire.com/NewsRoom/AttachmentNg/9a02780d-1ecb-41df-9aff-cf6b4c2075a6

Figure 3. Plan map of Kingsway Gold occurrences showing latest drill intersections.
https://www.globenewswire.com/NewsRoom/AttachmentNg/edc6fda6-b226-4f7f-b743-c2b47c938681

QA/QC

True widths of the reported intersections have yet to be calculated. Assays are uncut. Samples of HQ split core are securely stored prior to shipping to Eastern Analytical Laboratory in Springdale, Newfoundland for assay. Eastern Analytical is an ISO/IEC17025 accredited laboratory. Samples are routinely analyzed for gold by standard 30g fire assay with atomic absorption finish as well as by ICP-OES for an additional 34 elements. Samples containing visible gold are assayed by metallic screen/fire assay, as are any samples with fire assay results greater than 1g/t Au. The company submits blanks and certified reference standards at a rate of approximately 5% of the total samples in each batch.

Qualified Person

Roger Moss, PhD., P.Geo., President and CEO of LabGold, a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this release.

The Company gratefully acknowledges the Newfoundland and Labrador Ministry of Natural Resources’ Junior Exploration Assistance (JEA) Program for its financial support for exploration of the Kingsway property.

About Labrador Gold
Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in Eastern Canada.

Labrador Gold’s flagship property is the 100% owned Kingsway project in the Gander area of Newfoundland. The three licenses comprising the Kingsway project cover approximately 12km of the Appleton Fault Zone which is associated with gold occurrences in the region, including those of New Found Gold immediately to the south of Kingsway. Infrastructure in the area is excellent located just 18km from the town of Gander with road access to the project, nearby electricity and abundant local water. LabGold is drilling a projected 100,000 metres targeting high-grade epizonal gold mineralization along the Appleton Fault Zone with encouraging results. The Company has approximately $21 million in working capital and is well funded to carry out the planned program.

The Hopedale property covers much of the Florence Lake greenstone belt that stretches over 60 km. The belt is typical of greenstone belts around the world but has been underexplored by comparison. Work to date by Labrador Gold show gold anomalies in rocks, soils and lake sediments over a 3 kilometre section of the northern portion of the Florence Lake greenstone belt in the vicinity of the known Thurber Dog gold showing where grab samples assayed up to 7.8g/t gold. In addition, anomalous gold in soil and lake sediment samples occur over approximately 40 km along the southern section of the greenstone belt (see news release dated January 25th 2018 for more details). Labrador Gold now controls approximately 40km strike length of the Florence Lake Greenstone Belt.

The Company has 169,189,979 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.

For more information please contact:
Roger Moss, President and CEO      Tel: 416-704-8291

Or visit our website at: www.labradorgold.com

Twitter @LabGoldCorp

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

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

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Energy Junior Mining Precious Metals

Bravo’s Nickel-Copper Massive Sulphide Intercept Returns High-Grade PGMs

Results Include 11m @ 4.24 g/t 3PGM+Au, 2.04% Nickel + 1.23% Copper

VANCOUVER, BC, Oct. 17, 2022 /CNW/ – Bravo Mining Corp. (TSXV: BRVO) (OTCQX: BRVMF), (“Bravo” or the “Company“) today announced that high-grade PGM assay results have been received for previously released diamond drill hole DDH22LU047.  Hole  DDH22LU047 intercepted high-grade nickel and copper  at its Luanga palladium + platinum + rhodium + gold + nickel (PGM+Au+Ni) project (“Luanga“), located in the Carajás Mineral Province, state of Pará, Brazil.

The high-grade intercept in hole – DDH22LU047 graded 4.24 g/t 3PGM+Au with 2.04% nickel and 1.23% copper over 11.04m and occurs in massive and semi-massive sulphides.

“As announced in Bravo’s August 16th, 2022 news release, high-grade nickel-copper mineralization had not been previously observed at Luanga. This discovery suggests potential for other metals and styles of mineralization than previously intercepted at Luanga, and we are extremely encouraged that it also contains high grade PGMs,” said Luis Azevedo, Chairman and CEO of Bravo. “Downhole EM has commenced and should greatly assist in targeting follow up drilling, whilst surface EM has the potential to identify other massive and semi-massive sulphide mineralization along Luanga’s 8.1 km mineralized strike.”

Highlights:

HOLE-IDFrom(m)To(m)Thickness
(m)		Pd(g/t)Pt(g/t)Rh(g/t)Au
(g/t)		PGM +
Au (g/t)		Cu(%)Ni (%)(Sulphide)Type
DDH22LU047131.11142.1511.043.560.570.070.044.241.232.04FR
Notes:  All ‘From’, ‘To’ depths, and ‘Thicknesses’ are downhole.
             Given the orientation of the hole and the mineralization, the intercept is estimated to be 85% of true thickness.
             Type: FR = Fresh Rock. Recovery methods and results will differ based on the type of mineralization.
  • Two diamond drill holes have been completed on each of two drill sections located 50m north and south of DDH22LU047.
  • All four step-out drill holes have intersected varying amounts of semi-massive sulphides. Assay results are pending.
  • Drill rigs have been temporarily moved clear of the area while borehole electromagnetic surveys (“EM”) are completed on these four step-out drill holes.
  • Following the completion of borehole EM, surface fixed loop EM will commence over the entire Luanga deposit.
DDH22LU047: High grade massive sulphide PGM + nickel + copper mineralization at 136.0m* (CNW Group/Bravo Mining Corp.)
DDH22LU047: High grade massive sulphide PGM + nickel + copper mineralization at 136.0m* (CNW Group/Bravo Mining Corp.)

DDH22LU047: High grade massive sulphide PGM + nickel + copper mineralization at 136.0m*

* Downhole depth

Luanga Drill Program

The Phase 1 diamond drill program continues as planned at Luanga. Six drill rigs are on site, with drilling progressing in various locations along the entire 8.1 km strike length of the known Luanga mineralized envelope (as defined by historic drilling). To date, 91 drill holes have been completed, for a total of 15,554 metres of the planned 25,500 metre Phase 1 drill program.

Additional details for Intercept in Hole -047

HOLE-IDFrom(m)To(m)Thickness
(m)		Pd(g/t)Pt(g/t)Rh(g/t)Au
(g/t)		PGM + Au (g/t)Ni(%) (Sulphide)Cu(%)Type
DDH22LU047131.11142.1511.043.560.570.070.044.242.041.23FR
Including132.26136.804.544.030.070.100.034.232.770.54FR
Including136.80137.600.804.680.310.080.165.230.9810.82FR
Notes:  All ‘From’, ‘To’ depths, and ‘Thicknesses’ are downhole.
             Given the orientation of the hole and the mineralization, the intercept is estimated to be 85% of true thickness.
             Type: FR = Fresh Rock. Recovery methods and results will differ based on the type of mineralization.
Location of Bravo Drilling Reported in this Document (CNW Group/Bravo Mining Corp.)
Location of Bravo Drilling Reported in this Document (CNW Group/Bravo Mining Corp.)

Location of Bravo Drilling Reported in this Document

About Bravo Mining Corp.

Bravo is a Canada and Brazil-based mineral exploration and development company focused on advancing its Luanga PGM + Au + Ni Project in the world-class Carajás Mineral Province of Brazil.

The Luanga Project benefits from being in a location close to operating mines, with excellent access and proximity to existing infrastructure, including road, rail and clean and renewable hydro grid power. The project area was previously de-forested for agricultural grazing land. Bravo’s current Environmental, Social and Governance activities includes replanting trees in the project area, hiring and contracting locally, and ensuring protection of the environment during its exploration activities.

Technical Disclosure

Technical information in this news release has been reviewed and approved by Simon Mottram, F.AusIMM (Fellow Australia Institute of Mining and Metallurgy), President of Bravo Mining Corp. who serves as the Company’s “qualified person”, as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101“). Mr. Mottram has verified the technical data and opinions contained in this news release.

Forward Looking Statements

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as “potential”, “assist”, “suggest”, and other similar words, phrases or statements that certain events or conditions “should”, or “will” occur.
In particular, this news release contains forward-looking information pertaining to the Company’s ongoing drill program and the results thereof, including the assay results for the four step-out holes near hole -047 that intercepted semi-massive sulphides; the results of geophysical surveys; the potential for the definition of new styles of mineralization and the Company’s plans in respect thereof. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage; and other risks and uncertainties involved in the mineral exploration and development industry. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including, but not limited to, the assumption that the assay results confirm the interpreted mineralization contains significant values of nickel, copper and also contain PGMs and Au; final drill and assay results will be in line with management’s expectations; that activities will not be adversely disrupted or impeded by regulatory, political, community, economic, environmental and/or healthy and safety risks; that the Luanga Project will not be materially affected by potential supply chain disruptions; and general business and economic conditions will not change in a materially adverse manner. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.

Schedule 1: Drill Hole Collar Details

HOLE-IDCompanyEast (m)North (m)RL (m)DatumDepth
(m)		AzimuthDip
DDH22LU047Bravo659899.999342475.05275.18SIRGAS2000 UTM22S170.05090-60

Schedule 2: Assay Methodologies and QAQC

Samples follow a chain of custody between collection, processing and delivery to the ALS laboratory in Parauapebas, state of Pará, Brazil. The drill core is delivered to the core shack at Bravo’s Luanga site facilities and processed by geologists who insert certified reference materials, blanks and duplicates into the sampling sequence. Drill core is half cut and placed in secured polyurethane bags, then in security-sealed sacks before being delivered directly from the Luanga site facilities to the Parauapebas ALS laboratory by Bravo staff. Additional information about the methodology can be found on the ALS global website (ALS) in the analytical guides. IN this case a split is collected by Bravo staff and securely delivered to the Intertek laboratory in Parauapebas where it was assayed by high priority for ore grade Ni and Cu.

Quality Assurance and Quality Control (“QAQC”) is maintained internally at the lab through rigorous use of internal certified reference materials, blanks, and duplicates. An additional QAQC program is administered by Bravo using certified reference materials, duplicate samples and blank samples that are blindly inserted into the sample batch. If a QAQC sample returns an unacceptable value an investigation into the results is triggered and when deemed necessary, the samples that were tested in the batch with the failed QAQC sample are re-tested.

Bravo ALS
PreparationMethodMethodMethodMethod
For All ElementsPt, Pd, AuRhNi-SulphideTrace Elements
PREP-31BPGM-ICP27Rh-MS25Ni-ICP05ME-ICP61
Bravo Intertek
Method
Ni, Cu Sulphide
Ni-ICP05
www.bravomining.com (CNW Group/Bravo Mining Corp.)
www.bravomining.com (CNW Group/Bravo Mining Corp.)

SOURCE Bravo Mining Corp.

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Base Metals Collective Mining Energy Exclusive Interviews Junior Mining Precious Metals Uncategorized

Collective Mining – Materially Expands the Main Breccia Discovery at Apollo

Joining us for a conversation is Ari Sussman of Collective Mining, Colombia’s Newest Exploration Company. Collective Mining has just announced another significant development coming from the flagship Guayabales Project. Today’s discussion will focus on the Main Breccia at the Apollo Target which is delivering High Grade along with some remarkable continuity with a new Strike of 385 Meters, Width at 350 Meters, and Vertical 825 Meters!

Collective Mining: Rapidly advancing, large-scale gold-copper-silver-moly porphyry and breccia targets with related high-grade vein systems in the mining-friendly department of Caldas in Colombia

Collective Mining’s two projects the Guayabales (Flagship) and the San Antonio (Secondary) are situated in Marmato, an underexplored yet multi-million ounce, high-grade gold and silver district located in the Middle Cauca belt in Colombia. With six out of eleven targets drilled, the Company has made three promising grassroot discoveries to date and is awaiting assay results on a potential fourth discovery. Drilling activity continues at a brisk pace with a 20,000+ metre drill program in 2022.

Website: https://www.collectivemining.com/
Listing:(TSX.V: CNL | OTCQX: CNLMF)
Corporate Presentation: https://www.collectivemining.com/investors/presentations/
Facebook: https://www.facebook.com/CollectiveMiningCol
Twitter: https://twitter.com/CollectiveMini1
LinkedIn: https://www.linkedin.com/company/collectivemining/?originalSubdomain=co
Instagram: https://www.instagram.com/collectivemining/
Youtube: https://www.youtube.com/channel/UC0J8zpCq0TNhJQePKdCrJag

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Step Out Drilling Materially Expands the Overall Dimensions of Collective Mining’s Main Breccia Discovery at Apollo

  • Visual observations from two step-out diamond drill holes within the Company’s Main Breccia discovery at the Apollo target have intersected the most cumulative mineralization in drill holes completed to date as well as significantly expanded the known dimensions of this exciting new discovery.
  • Hole APC-17, which was drilled due north from Pad 3, cut more than 600 metres in total of favourable mineralization before terminating at approximately 913 metres while still in mineralization. This is the most mineralization encountered in a drill hole to date at the Apollo target.
  • Hole APC-22, which was drilled to the northeast from Pad 3, cut more than 400 metres in total of favourable mineralization before terminating at 734 metres while still in mineralization.
  • As a result of both new holes, the potential total volume of rock hosting the Main Breccia discovery within it has approximately tripled in size with the dimensions now measuring 385 metres along strike by 350 metres width by 825 metres depth versus prior dimensions of 385 metres x 190 metres x 500 metres. The discovery remains wide open for expansion and further step-out holes are currently being designed.
  • Three rigs continue to drill at Apollo with additional assay results anticipated in the near term.

TORONTO, Oct. 11, 2022 /CNW/ – Collective Mining Ltd. (TSXV: CNL) (OTCQX: CNLMF) (“Collective” or the “Company”) is pleased to announce visual observations from two step out holes drilled into the Apollo target (“Apollo”) which is located within the Guayabales project in Caldas, Colombia. The Main Breccia discovery at Apollo is a high-grade, bulk tonnage copper-gold-silver porphyry-related breccia target with previously announced intercepts including:

HoleIntercept (m)Au (g/t)Ag (g/t)Cu %Zn %Pb %Mo %AuEq (g/t) *
APC-2207.151.46450.310.080.050.0022.68
APC-8265.751.26550.220.070.050.0452.44
APC-12237.701.15720.380.080.070.0012.88
* See press releases dated August 10th, September 13th and October 6th respectively.

As part of its fully funded 20,000+ metre drill program for 2022, there are currently three diamond drill rigs operating at the Apollo target.

“These two new diamond drill holes are incredibly exciting as we have significantly expanded the size of the Main Breccia discovery at Apollo and while doing so, we have cut the longest intercepts of both total and continuous mineralization completed to date. Importantly, the system remains open to the north and northeast as both holes bottomed in mineralization. We look forward to continued aggressive drilling in order to see how much more this exceptional discovery can grow,” commented Ari Sussman, Executive Chairman.

Details (See Figures 1–4)

Fourteen diamond drill holes with accompanying assay results have now been announced at Apollo and a further eleven holes are outstanding. The Company recently completed two northerly directed diamond drill holes, APC-17 and APC-22, from its southernmost drill pad (Pad 3), which were designed to test for mineralized extensions to the Main Breccia discovery. The following visual observations are highlighted from the two step out holes:

  • Hole APC-17 was drilled approximately due north to a maximum depth of 912.60 metres. The hole intersected more than 70 metres of mineralization beginning at 119 metres down hole (100m vertical) and another 545 metres of mineralization from 365 metres down hole (330m vertical) to the end of the hole (825m vertical). Total mineralization in this diamond drill hole exceeded 600 metres and is the most mineralization drilled in a single hole to date into the Main Breccia discovery at Apollo. The shallow intercept is hosted within angular porphyry related breccia containing chalcopyrite (1-2%) with pyrite and pyrrhotite and is located directly beneath recently discovered mineralization outcropping at surface. The deeper and longer intercept is also hosted within angular porphyry related breccia with the matrix filled with pyrite, chalcopyrite and overprinting carbonate base metal veins (“CBM”). The hole was terminated at 912.6 metres while still in mineralized breccia.
  • Hole APC-22 was drilled to the northeast to a maximum depth of 734.8 metres and intercepted three zones yielding more than 400 metres of total breccia mineralization. The two shallow zones are located directly beneath surface outcrops and the initial 37 metre intercept commenced at 100 metres downhole (60m vertical), while the second shallow 19 metre intercept began at 167 metres down hole (100m vertical). Mineralization is hosted within angular porphyry breccia with a matrix of chalcopyrite (1-2%) and pyrrhotite and overprinting zones of sheeted CBM veins. The deeper intercept commenced at 308 metres downhole (276m vertical) and continued within mineralized porphyry related angular breccia until the hole was terminated at 734.8 metres.
  • Visual logging of APC-17 and APC-22 have significantly increased the overall maximum potential volume of rock hosting the Main Breccia discovery, which now measures up to 385 metres along strike by 350 metres width by 825 metres depth (prior dimensions were 385 metres x 190 metres x 500 metres). The system remains open for expansion.
  • Three rigs continue to drill at Apollo with additional assay results anticipated in the near term.
  • The Apollo target area, as defined to date by surface mapping, rock sampling and copper and molybdenum soil geochemistry, covers an 800 metres X 700 metres area. The Apollo target area hosts the Company’s new Main Breccia discovery plus a vein system flanking its eastern side. Multiple additional untested breccia, porphyry and vein targets have been generated and will be drilled in due course. Lastly, the overall Apollo target area also remains open for further expansion.
Figure 1: Plan View of the Main Breccia Discovery at Apollo Highlighting the Significant Extensions to the Zone Based on Drill Holes APC-17 and APC-22 (CNW Group/Collective Mining Ltd.)
Figure 1: Plan View of the Main Breccia Discovery at Apollo Highlighting the Significant Extensions to the Zone Based on Drill Holes APC-17 and APC-22 (CNW Group/Collective Mining Ltd.)
Figure 2: Plan View of the Guayabales Project Highlighting the Apollo Target (CNW Group/Collective Mining Ltd.)
Figure 2: Plan View of the Guayabales Project Highlighting the Apollo Target (CNW Group/Collective Mining Ltd.)
Figure 3: Images of Core from Hole APC-17 (CNW Group/Collective Mining Ltd.)
Figure 3: Images of Core from Hole APC-17 (CNW Group/Collective Mining Ltd.)
Figure 4: Images of Core from Hole APC-22 (CNW Group/Collective Mining Ltd.)
Figure 4: Images of Core from Hole APC-22 (CNW Group/Collective Mining Ltd.)

About Collective Mining Ltd.

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

Collective Mining is an exploration and development company focused on identifying and exploring prospective mineral projects in South America. Founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately $2 billion in enterprise value, the mission of the Company is to repeat its past success in Colombia by making significant new mineral discoveries and advance the projects to production. Management, insiders and close family and friends own nearly 45% of the outstanding shares of the Company and as a result, are fully aligned with shareholders.

The Company currently holds an option to earn up to a 100% interest in two projects located in Colombia. As a result of an aggressive exploration program at its flagship Guayabales project, a total of seven major targets have been defined. The Main Breccia discovery within the Apollo target is the most important to date and is characterized by bulk tonnage, high-grade copper-silver gold mineralization with highlight drill results including: 207.15 metres @ 2.68g g/t AuEq, 265.75 metres at 2.44 g/t AuEq and 237.7 metres at 2.88 g/t AuEq. Other grassroots discoveries include near-surface discovery holes yielding 301.9 metres at 1.11 g/t AuEq at the Olympus target, 163 metres at 1.33 g/t AuEq at the Donut target, and 102.2m @ 1.53 g/t AuEq at the Trap target. At the San Antonio project, the Company intersected, from surface, 710 metres at 0.53 AuEq.  (See related press releases on our website for AuEq calculations). The Company’s fully funded, 20,000 metre drill program for 2022 is ongoing with a significant number of assay results expected through the remainder of the year.

Qualified Person (QP) and NI43-101 Disclosure

David J Reading is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 (“NI 43-101”) and has reviewed and verified that the technical information contained herein is accurate and approves of the written disclosure of same. Mr. Reading has an MSc in Economic Geology and is a Fellow of the Institute of Materials, Minerals and Mining and of the Society of Economic Geology (SEG).

Technical Information

Rock and core samples have been prepared and analyzed at SGS laboratory facilities in Medellin, Colombia and Lima, Peru. Blanks, duplicates, and certified reference standards are inserted into the sample stream to monitor laboratory performance. Crush rejects and pulps are kept and stored in a secured storage facility for future assay verification. No capping has been applied to sample composites. The Company utilizes a rigorous, industry-standard QA/QC program.

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including, but not limited to, statements about the drill programs, including timing of results, and Collective’s future and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties, and assumptions. Many factors could cause actual results, performance, or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, Collective cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and Collective assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

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

SOURCE Collective Mining Ltd.

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Base Metals Energy Junior Mining Metallic Group Metallic Minerals Precious Metals

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

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

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

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

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

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

About the Emerging Growth Conference

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

About Metallic Minerals

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

FOR FURTHER INFORMATION, PLEASE CONTACT:

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

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

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

SOURCE: Metallic Minerals Corp.



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Junior Mining Lion One Metals Precious Metals

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

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

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

Highlight intercepts include:

TUDDM-001 intersecting the URW1 mineralized vein:

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

TUDDM-003 intersecting the URW1 mineralized vein:

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

TUDDM-004 intersecting the SKL and URW1 mineralized veins:

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

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

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

TUDDM-006 intersecting the Murau (M) Lodes

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

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

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

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



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

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

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



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

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

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

Hole IDFrom (m)To (m)IntervalMetresLode
TUDDM-00162.062.90.90.58SKLW7
TUDDM-00170.471.30.90.78SKLW8
TUDDM-00176.477.30.91.04Undefined
TUDDM-00179.480.61.21.56SKLW12
TUDDM-00181.8105.824.014.96URW1
Incl.86.987.20.3105.19URW1
Incl.91.492.00.618.67URW1
Incl.93.293.80.619.43URW1
Incl.95.696.50.926.59URW1
Incl.96.597.10.614.80URW1
Incl.97.197.70.623.43URW1
Incl.97.798.30.613.63URW1
Incl.98.398.90.633.76URW1
Incl.98.999.50.622.36URW1
Incl.99.5100.40.96.04URW1
Incl.103.4105.82.478.64URW1
Which Incl.104.6105.20.69.44URW1
and incl.105.2105.80.6297.70URW1
TUDDM-001107.3112.45.14.40URW1
Incl.107.3107.90.617.00URW1
Incl.107.9108.50.65.63URW1
TUDDM-001122.9123.80.96.07M7
Incl.122.9123.50.66.12M7
Incl.123.5123.80.35.96M7
TUDDM-00211.519.47.90.93ME1
TUDDM-00223.023.30.32.93ME1
TUDDM-00224.826.61.81.31ME1
TUDDM-00228.729.00.31.11ME1
TUDDM-00230.836.25.43.29SKLW6
Incl.33.233.50.319.60SKLW6
Incl.33.534.10.66.03SKLW6
TUDDM-00240.141.00.91.45SKLW7
TUDDM-00247.648.20.61.55SKLW8
TUDDM-00251.251.50.314.26SKLW9
TUDDM-00255.155.70.60.84SKLW9
TUDDM-00259.059.60.63.71SKLW9
Incl.59.359.60.35.15SKLW9
TUDDM-00261.161.70.60.89SKLW9
TUDDM-00264.772.67.92.39URW1
Incl.65.666.20.66.76URW1
Incl.67.768.00.35.81URW1
Incl.69.870.10.35.14URW1
TUDDM-00275.375.60.31.66M8
TUDDM-00278.981.52.64.83M8
Incl.79.780.30.66.75M8
Incl.80.380.90.66.71M8
TUDDM-00284.286.32.14.24M8
Incl.84.284.50.311.91M8
Incl.84.584.80.37.41M8
Incl.84.885.10.35.17M8
TUDDM-00297.898.40.60.81M9
TUDDM-002101.1101.70.61.71M9
TUDDM-0038.610.41.82.52Undefined
Incl.9.59.80.36.76Undefined
TUDDM-00312.213.10.90.73Undefined
TUDDM-00314.316.11.80.64Undefined
TUDDM-00317.617.90.30.82Undefined
TUDDM-00319.420.00.60.69Undefined
TUDDM-00323.623.90.31.43Undefined
TUDDM-00326.335.99.62.47ME1
Incl.31.732.00.36.79ME1
Incl.34.134.40.345.68ME1
TUDDM-00337.142.35.20.61SKLW6
TUDDM-00345.647.11.50.89SKLW8
TUDDM-00349.149.70.62.34SKLW8
TUDDM-00350.955.14.22.84SKLW9
Incl.51.551.80.35.16SKLW9
Incl.54.254.50.37.39SKLW9
TUDDM-00365.967.41.50.65SKLW9
TUDDM-00371.073.42.49.74URW1
Incl.71.672.20.65.00URW1
Incl.72.272.80.614.41URW1
Incl.72.873.40.616.77URW1
TUDDM-00378.882.03.265.13URW1
Which Incl.78.880.92.198.88URW1
Incl.78.879.10.358.18URW1
Incl.79.179.40.3624.81URW1
Incl.79.479.70.36.20URW1
TUDDM-00391.993.11.21.00URW1
TUDDM-00395.298.93.74.89M4
Incl.95.295.80.612.44M4
Incl.97.697.90.318.60M4
TUDDM-003101.0106.45.44.17M5
Incl.101.0102.21.29.01M5
Incl.103.1103.70.610.33M5
Incl.103.7104.30.65.52M5
TUDDM-003118.9122.23.323.29M7
Which Incl.118.9120.41.550.67M7
Incl.118.9119.80.919.49M7
Incl.119.8120.40.697.45M7
TUDDM-003132.1133.31.21.13M7
TUDDM-0048.68.90.31.22M7
TUDDM-00410.110.70.60.71M7
TUDDM-00412.516.74.20.42M7
TUDDM-00417.918.20.32.19M7
TUDDM-00419.422.12.71.85M7
Incl.19.720.00.36.95M7
TUDDM-00423.323.90.60.99M7
TUDDM-0042629.63.60.78ME1
TUDDM-00431.136.85.71.11ME1
TUDDM-00438.639.81.20.77Undefined
TUDDM-00443.444.00.60.56SKLW6
TUDDM-00455.756.00.3260.44SKLW8
TUDDM-00456.657.50.9213.52SKLW8
TUDDM-00464.768.63.90.85Undefined
TUDDM-00478.279.10.940.08SKLW10
TUDDM-00483.083.90.91.40Undefined
TUDDM-00485.786.91.221.10SKLW11
Incl.8686.90.926.72SKLW11
TUDDM-00489.692.32.73.13Undefined SKL
Incl.91.792.00.310.05Undefined SKL
Incl.92.092.30.311.03Undefined SKL
TUDDM-00495.9101.25.34.13Undefined SKL
Incl.96.497.00.69.28Undefined SKL
Incl.97.097.60.66.87Undefined SKL
Incl.100.6101.20.67.30Undefined SKL
TUDDM-004112.9114.41.514.14Undefined SKL
Incl.112.9113.20.322.61Undefined SKL
Incl.113.2113.50.311.88Undefined SKL
Incl.113.5114.40.912.07Undefined SKL
TUDDM-004116.2117.41.20.95Undefined SKL
TUDDM-004121.6122.50.94.02Undefined SKL
TUDDM-004124.9125.50.66.02URW1
Incl.125.2125.50.311.51URW1
TUDDM-004128.5129.10.61.09URW1
TUDDM-004130.6133.63.010.03URW1
Incl.130.6130.90.359.82URW1
Incl.130.9131.20.311.39URW1
Incl.131.2131.50.313.64URW1
TUDDM-004136.3136.90.62.80URW1
TUDDM-004153.0153.60.69.79URW1
TUDDM-00574.379.75.41.69M1
Incl.77.377.60.311.66M1
TUDDM-00580.983.02.15.89M2
TUDDM-00585.786.91.21.85M3
TUDDM-005105.5106.40.98.84M4
TUDDM-005123.8126.52.710.98M8
Incl.124.4124.70.38.51M8
Incl.125.9126.20.364.21M8
Incl.126.2126.50.318.15M8
TUDDM-005127.7133.15.49.30M8
Incl.128.9129.50.631.56M8
Incl.129.5130.71.214.99M8
Incl.132.2133.10.96.08M8
TUDDM-005136.7139.12.411.50M9
Incl.138.2138.50.350.06M9
Incl.138.5138.80.316.66M9
Incl.138.8139.10.310.14M9
TUDDM-005140.3141.81.522.80M10
Incl.140.6140.90.39.55M10
Incl.140.9141.20.310.54M10
Incl.141.2141.50.358.59M10
Incl.141.5141.80.332.03M10
TUDDM-00656.356.60.30.53M10
TUDDM-00693.295.62.44.20M3
Incl.94.495.61.26.30M3
TUDDM-00698.999.50.69.06M4
Incl.99.299.50.315.96M4
TUDDM-006113.9114.80.93.39M5
TUDDM-006136.7138.51.83.64M8
Incl.137.3138.51.25.12M8
TUDDM-006141.8145.73.99.87M9
Incl.141.8143.01.210.01M9
Incl.143.3143.90.613.74M9
Incl.144.5145.71.213.49M9

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

Hole NoCoordinates (Fiji map grid)RLfinal depthdipazimuth
ENm(TN)
TUDDM-00118763373920739227.2151.4-90–
TUDDM-00218763483920796209.5112.4-76219
TUDDM-00318763503920793206.7159.4-59197
TUDDM-00418763523920798209.7154.2-59180
TUDDM-00518763353920737227.3173.6-69304
TUDDM-00618763353920738227.2180.1-59302

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

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

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

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

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

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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.