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Snowline Gold Consolidates 100% of Its Einarson Project and Acquires Adjacent Gold Target With Historical Drill Result of 9.7 Grams per Tonne Gold Over 38.7 M
https://www.accesswire.com/856439/snowline-gold-consolidates-100-of-its-einarson-project-and-acquires-adjacent-gold-target-with-historical-drill-result-of-97-grams-per-tonne-gold-over-387-m
Thursday, 25 April 2024 06:00 AM
Snowline consolidates 100% ownership of its district-scale Einarson Project, including its drill discovery of an orogenic gold system at the Jupiter target.
Consolidation agreement also includes acquisition of adjacent, privately held gold target with historical drill results reported up to 9.67 g/t Au over 38.7 metres.
Recent staking bolsters Snowline's Yukon land position by 22,000 ha to >360,000 ha (>3,600 km2), with expansions to its Rogue and Einarson projects.
VANCOUVER, BC / ACCESSWIRE / April 25, 2024 / SNOWLINE GOLD CORP (TSXV:SGD) (OTCQB:SNWGF)
Sitka to Acquire 100% Ownership of the Barney Ridge Property Adjacent to the Blackjack and Eiger Gold Deposits at its RC Gold Project, Yukon
https://thenewswire.com/press-releases/1LaPFdRWZ-sitka-to-acquire-100-ownership-of-the-barney-ridge-property-adjacent-to-the-blackjack-and-eiger-gold-deposits-at-its-rc-gold-project-yukon.html
VANCOUVER, CANADA – TheNewswire - April 23, 2024: Sitka Gold Corp. (“Sitka” or the “Company”) (TSXV:SIG) (FSE:1RF) (OTCQB:SITKF)
Banyan Announces 2024 Exploration and Technical Program, AurMac Project, Yukon, Canada
https://www.accesswire.com/854257/banyan-announces-2024-exploration-and-technical-program-aurmac-project-yukon-canada
Thursday, 18 April 2024 06:00 AM
VANCOUVER, BC / ACCESSWIRE / April 18, 2024 / Banyan Gold Corp. (the "Company" or "Banyan") (TSXV:BYN)(OTCQB:BYAGF)
Benjamin Hill Announces Target Areas for Drill Testing at Alotta Project, Yukon
https://www.newsfilecorp.com/release/205969
April 18, 2024 8:30 AM EDT | Source: Benjamin Hill Mining Corp.
Vancouver, British Columbia--(Newsfile Corp. - April 18, 2024) - Benjamin Hill Mining Corp. (CSE: BNN) (OTCQB: BNNHF) (FSE: 5YZ0) ("BNN" or the "Company") is pleased to announce the company has prioritized the initial target areas for drill testing this spring on the Alotta project. Currently, the company is proposing to complete up to 5 drill holes for a total of 2,500 metres as part of the continuation of the fall 2023 diamond drilling program that paused in November for the winter season.
The proposed holes will focus on several high priority and undrilled tested coincident geochemical/geophysical anomalies along a four-kilometre trend. Archer Cathro and Benjamin Hill have created a preliminary drill plan for the 2024 Alotta field program, to test for porphyry-style mineralization on the property. The strategy is designed to test the best drill targets based on merit. These areas are situated in closer proximity to the core area of coincident soil and geophysical anomalies with previous rock sampling confirming the occurrence of copper and gold mineralization.
Lorne Warner, President and P.Geo for Benjamin Hill, states, "We are very optimistic that this year's drilling program will continue to or exceed last year's drill results. In 2023 we started the first ever drilling program on the property, completing two drill holes resulting in the discovery of gold, copper and molybdenum porphyry style mineralization."
Exploring Payout and Severance Zones
The two primary targets on the property are the Payout and Severance Zones, located in the west-central and east-central parts of the property. These two zones have significant surface mineralization, which comprise highly anomalous gold, copper and molybdenum values from rock and soil samples. These targets represent the areas of the property with significant (>1 g/t gold) rock values on surface.
For preliminary drilling, a total of four holes are recommended to test surface mineralization and geophysical anomalies at depth. At both targets, the first hole is designed as a shallow angle hole to test the extent of mineralization directly beneath the prospective area, while the second is steeper to test for deeper mineralization and corresponding chargeability/resistivity anomalies present in the vicinity.
Expanding Exploration to Alimony and Commission Targets
In a later drilling phase, the company has two additional drill targets to test. The Alimony Target is a significant 1200 m by 500 m molybdenum-gold soil anomaly that coincides with overlapping chargeability and resistivity anomalies. In the eastern part of the property, the Commission Target is defined by a 1500 m by 1000 m gold-copper-molybdenum soil anomaly, which corresponds to magnetic low to moderate response. A well constrained resistivity anomaly is present that coincides with strongly anomalous gold and copper soil values.
Figure #1 above outlines the high priority target areas within the Alotta property with potential gold-copper-molybdenum, porphyry style mineralization. Target areas have not been drill tested.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8680/205969_dc6ef53734586b46_001full.jpg
In November 2023 two drill holes were completed on the property which confirmed the porphyry style nature of mineralization. As announced on February 24, 2024, Hole ALT-23-01 intercepted 211.65 metres of 0.46 grams/tonne gold from the first ever diamond drill hole on the property.
Proximity to Proven Resources
The Alotta property consists of 96 mineral claims that cover approximately 1,926 hectares that is located 50 km south-east of Western Copper and Gold's (TSX: WRN) Casino deposit. The Casino deposit is one of the most economic, greenfield copper-gold mining projects in the world which is ranked as one of the top ten largest, undeveloped, copper-gold porphyry deposits in the world. Indicating strong investor support in the region, Western Copper and Gold recently announced on April 16, 2024 that they have upsized from $25 to $40 million a bought deal public offering.
Figure # 2 above provides a historical (Feb 2023) illustration of the Casino Deposit superimposed over unglaciated, anomalous copper in soil geochemistry.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8680/205969_dc6ef53734586b46_002full.jpg
About Benjamin Hill Mining Corp.
Benjamin Hill Mining Corp. is a Canadian-listed junior exploration company focused on exploring and advancing the Alotta project, a prospective porphyry copper-gold-molybdenum project located 50 km south-east of the Casino porphyry deposit in the unglaciated portion of the Dawson Range porphyry/epithermal belt in the Yukon Territory of Canada.
In addition, the Company holds a 40% interest in Aion Mining Corp., a company that is developing the fully permitted La Estrella coal project in Santander, Colombia. The project contains eight known seams of metallurgical and thermal coal.
On behalf of the Board of Directors
"Cole McClay", CEO Benjamin Hill Mining Corp.
info@benjaminhillmining.com
Forward-Looking Statements
Certain of the statements made and information contained herein may contain forward-looking information within the meaning of applicable Canadian securities laws. Forward-Looking information includes, but is not limited to, information concerning the Company's intentions with respect to the development of its mineral properties. Forward-Looking information is based on the views, opinions, intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information. We seek safe harbor.
SOURCE: Benjamin Hill Mining Corp.
Lode Gold (Formerly Stratabound) Initiates Work to Investigate High-Grade Underground Potential at Fremont on the Prolific Mother Lode Belt, ~500 km from Equinox Gold
https://www.newsfilecorp.com/release/204990
April 10, 2024 5:22 PM EDT | Source: Lode Gold Resources Inc.
Toronto, Ontario--(Newsfile Corp. - April 10, 2024) - Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: SBMIF) ("Lode Gold" or the "Company" formerly Stratabound Minerals Corp.) is pleased to announce that it has retained the services of Carlos Saban, an exploration and mine development geologist to review the Company's Fremont Gold Project (Fremont) and to develop a geological model for a potential high-grade underground gold mine.
Carlos Saban is skilled in re-interpreting complex mineralized systems. By carefully studying previously mined grades, re-analyzing cut-offs, and gaining new understanding of mineralization, structural and lithological controls, he has been able to systematically expand and upgrade resources in multiple brownfield projects, including work at the Uchucchacua and Recuperada districts, two of the top silver districts in Peru. Carlos has been involved in the identification, delineation, and modelling of several NI 43-101 mineral resource updates, including PEA- and PFS-compliant multi-million-ounce precious metal deposits during his career.
Lode Gold has tasked Carlos to investigate Fremont as a potential high-grade underground mine. He will focus on understanding the mineralized veins and ore shoot plunges. This analysis will enable Lode Gold to better define brownfield exploration targets. He will also review Fremont's open-pit model, historical underground workings, previously mined grades, level plans and sections, sampling and production records, and drill hole data base to establish the structural controls of high-grade gold mineralization at Fremont and to generate exploration targets extending beyond the limits of the current published resource.
Fremont began operations in or around 1860, with documented production of at least 125,825 ounces of gold at an average grade of 8 g/t Au. It was one of the many gold mines that was closed during the 1942 prohibition on gold mining due to World War II. At that time, gold was less than USD $40/Oz. Inevitably, the mine became a small-scale operation focused on high-grade (165 t/d). When the mine was shuttered by the government, Fremont was ramping up production and executing an extensive exploration program of the main Pine Tree and Josephine veins through drifting and underground diamond drilling. Work was focused on just two of the five known deposits.
Lode Gold acquired Fremont in an all-share transaction in August 2021. Since then, the company has increased the Indicated resource by +125% and the Inferred resource by +456%; the Project currently hosts an NI 43-101 resource of 1.16 Moz at 1.90 g/t Au within 19.0 MT Indicated, and 2.02 Moz at 2.22 g/t Au within 28.3 MT Inferred. At a sensitivity to the March 31, 2023 PEA at USD $2,000/oz gold, the Project has an after-tax NPV(5%) of USD $370MM and a 31% IRR over an 11-year LOM.
The NI 43-101 compliant resource includes the Pine Tree – Josephine and Queen Specimen deposits and extends along 1,400 metres of combined strike, which represents only 35% of the property length. This work envisioned mining the resource using open pit methods. Of note, currently the project mainly encompasses the upper levels which are less than 200 metres deep; this constitutes ~35% of that deposit. Specifically, areas of opportunities exist untapped below 200 metres, extending to 500 metres. Three step-out holes hit the mineralized structure, including a 1,200-m wildcat drill hole. This is consistent with typical orogenic deposits that have structure and control at depth such as La Ronde (Agnico-Eagle), Hemlo (Barrick), and Homestake (Dakota Gold).
FREMONT HIGHLIGHTS
100%-owned, 3,351 acres of private land
Located on the Mother Lode Belt (50,000,000 ounces produced)
Located in Mariposa County, site of the original Gold Rush
Excellent site infrastructure with hydro sub-station, highway access and proximity to airports and seaports
Historical mine production at 8 g/t Au
23 km of underground mine workings
Only two of five known deposits have been exploited
Mining operation suspended due to War in 1942
NI 43-101 MRE evaluates only 1.4 km of the 4 km strike length (35%)
At a sensitivity to the March 31, 2023 PEA at USD $2,000/oz gold, the Project has an after-tax NPV(5%) of USD $370MM and a 31% IRR over an 11-year LOM
Depth potential with three step-out holes hit the mineralized structure
Jon Hill, Director and Chair of Lode Gold's Technical Committee commented, "There is no doubt that Fremont is a significant gold deposit with material upside potential. Globally, there are not many examples for orogenic gold deposits whereby upwards of 2 Moz of Mineral Resource can be optimized within a single pit as Lode Gold's published 2023 PEA demonstrates. Carlos' data review of historical data aims to identify structurally controlled, plunging high-grade targets typical of these orogenic systems, beyond the current mineral resource limits. Supporting this thesis is the grade of 8 g/t Au attributed to historical production up to when the mine was shuttered in 1942 due to World War II. We are looking forward to demonstrating the potential for a multi-million-ounce high-grade deposit to compliment the large open pit mineable resources already in hand."
ABOUT LODE GOLD
Lode Gold is a Canadian exploration and development company with grassroots and advanced exploration properties in highly prospective and safe mining jurisdictions.
Its Golden Culvert and Win Projects, Yukon, covering 99.5 km2 across a 27-km strike length, are situated in a district-scale, high-grade-gold-mineralized trend within the southern portion of the Tombstone Gold Belt. Gold deposits and occurrences within the Belt include Fort Knox, Pogo, Brewery Creek and Dublin Gulch, and Snowline Gold's Valley target on its Rogue property in the Selwyn Basin.
Its McIntyre Brook Project, New Brunswick, covering 120 km2 and a 17-km strike length in the emerging Triple Fault Gold Belt, is surrounded by Puma Exploration's Williams Brook Project (5.55 g/t Au over 50m) and is hosted by orogenic rocks of similar age and structure as New Found Gold's Queensway Project.
The Company is also advancing its Fremont Gold development project in the historic Mother Lode Gold Belt of California where 50,000,000 oz of gold has been produced. Fremont, located 500km north of Equinox Gold's Castle Mountain and Mesquite mines, has a PEA with an after-tax NPV of USD $217MM, a 21% IRR, 11-year LOM, averaging 118k ounces per annum at USD $1,750 gold. A sensitivity to the March 31, 2023 PEA at USD $2,000/oz gold gives an after-tax NPV(5%) of USD $370MM and a 31% IRR over an 11-year LOM. The project hosts an NI 43-101 resource of 1.16 Moz at 1.90 g/t Au within 19.0 MT Indicated, and 2.02 Moz at 2.22 g/t Au within 28.3 MT Inferred. The MRE evaluates only 1.4 km of the 4 km strike length of the Fremont property that features five gold-mineralized zones. Significantly, three step-out holes at depth hit mineralized structure, typical of orogenic deposits that often occur at depth. Fremont is located on private land in Mariposa, the original gold rush county and is 1.5 hours from Fresno, California. The property has year-round road access and is close to airports and rail. Please refer to the Fremont Gold project PEA dated March 31, 2023 under NI 43-101 guidelines. The technical report has been reviewed and approved by independent "Qualified Persons" Eugene Puritch, P.Eng., FEC, CET, and Andrew Bradfield, P.Eng. both of P&E, and Travis Manning, P.E. of KCA.
QUALIFIED PERSON STATEMENT
The scientific and technical information contained in this press release has been reviewed and approved by Jonathan Victor Hill, Director, BSc (Hons) (Economic Geology – UCT), FAusIMM, and who is a "qualified person" as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").
For more information, please visit the Company's website at www.stratabound.com or contact:
Gary Nassif
Senior Vice President, Director
info@stratabound.com
+1 (416) 915-4157
Kevin Shum
Investor Relations
kevin@jeminicapital.com
+1 (647) 725-3888 ext. 702
Forward-Looking Statements
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.
WARNING: The Company relies upon litigation protection for "forward-looking" statements. The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that may cause actual results to vary materially include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, currency fluctuations, unanticipated operational or technical difficulties, changes in laws or regulations, failure to obtain regulatory, exchange or shareholder approval, the risks of obtaining necessary licenses and permits, changes in general economic conditions or conditions in the financial markets and the inability to raise additional financing. Readers are cautioned not to place undue reliance on this forward-looking information. The Company does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.
SOURCE: Lode Gold Resources Inc.
Victoria Gold: Eagle Gold Mine Q1 2024 Operational Highlights
https://ca.finance.yahoo.com/news/victoria-gold-eagle-gold-mine-100000845.html
Victoria Gold Corp
Wed, April 10, 2024 at 3:00 a.m. PDT·6 min read
VITFF
-12.99%
WHITEHORSE, Yukon, April 10, 2024 (GLOBE NEWSWIRE) -- Victoria Gold Corp. (TSX-VGCX)
Sitka Intercepts Visible Gold in Second Step Out Diamond Drill Hole of 2024 at its RC Gold Project in Yukon
https://thenewswire.com/press-releases/1AJ6FblEE-sitka-intercepts-visible-gold-in-second-step-out-diamond-drill-hole-of-2024-at-its-rc-gold-project-in-yukon.html
VANCOUVER, CANADA – TheNewswire - April 9, 2024: Sitka Gold Corp. (“Sitka” or the “Company”) (TSX-V:SIG) (FSE:1RF) (OTCQB:SITKF)
Rackla Metals Defines New Reduced Intrusion-Related Gold System at Kelvin Stock -- Maiden Drill Program planned for June 2024
https://thenewswire.com/press-releases/1AdyFNrDv-rackla-metals-defines-new-reduced-intrusion-related-gold-system-at-kelvin-stock-maiden-drill-program-planned-for-june-2024.html
Vancouver, British Columbia – April 1, 2024 – Rackla Metals Inc. (TSXV:RAK) (the “Company”) is pleased to announce the results of the 2023 exploration program on the Peak target in the Kelvin Stock intrusive bodies of the Astro Plutonic Complex, Yukon and the 2024 drill plans for the property.
In 2023, the Company completed a comprehensive exploration program on the property that included an airborne geophysical survey, stream sediment, soil (talus-fine) and rock sampling, prospecting, and mapping. Rackla is extremely pleased with the results obtained, which are particularly impressive considering it was the Company’s first year working on the project, having acquired an option on the property in the fall of 2022.
The results highlighted that the mineralization discovered within the Kelvin Stock is related to a Reduced Intrusion-Related Gold System (RIRGS). The geophysical signature of the target exhibits features characteristic of an RIRGS – a magnetic low in the centre of the reduced intrusion surrounded by magnetic high shoulders caused by contact alteration in the contact aureole. The magnetic low extends eastward under sedimentary cover in the area of the Peak target and the Company believes this represents an area where there is thin sedimentary cover overlying the causative intrusion.
Kelvin Stock 2023 airborne geophysical survey magnetic response (Reduced to the Pole, RTP).
Click Image To View Full Size
The stream sediment sampling program (43 samples) highlighted the Peak target area as anomalous for gold, arsenic, and bismuth, with a good correlation among these elements and very strong gold in stream sediments.
Rackla collected 314 talus-fine samples in the southeastern portion of the Kelvin Stock and defined 2 anomalous areas, Peak and Cirque. The Peak target anomaly measures 1.5 km by 1.0 km and is well defined by a sheeted vein system with anomalous gold values. It is a robust anomaly with coincident gold, arsenic and bismuth, typical of a RIRGS target. Prospecting and rock sampling at Peak returned a high percentage of samples containing greater than 1.0 g/t gold. Twenty percent, or 49 out of 237 rock samples collected on the property have returned >1.0 g/t gold with the highest value being 17.8 g/t gold. The gold occurs primarily in sheeted quartz-arsenopyrite-bismuth veins that occur in the sedimentary rocks along the eastern margin of the Kelvin Stock, host to the Peak target. The veins trend north-northeasterly and individual veins can be traced for hundreds of meters. The vein system has been traced for 1 km along strike and 1.5 km across strike.
Rackla eagerly awaits the start of the summer exploration season in Yukon and is keen to get a drill turning on the Peak target.
The Cirque target has been defined by a single base-of-slope contour line which also has coincident gold, arsenic and bismuth values. Interestingly, the gold-in-soil values at Cirque are highly anomalous for the region. Only a limited amount of work was completed at Cirque in 2023 and the Company plans a significant surface program to expand on and define this anomaly further. Rackla plans to be in a position to drill test the Cirque target later in the 2024 season.
Peak target soil and rock sample anomalies
Click Image To View Full Size
Simon Ridgway, Rackla Metals CEO, commented: “The work completed on the Astro Plutonic Complex in 2023 was successful in identifying RIRGS targets in the most eastern reaches of the Tombstone Gold Belt. RIRGS deposits occur in clusters and in western Yukon, the western cluster (Eagle, Aurmac, Brewery Creek, RC and Red Mountain) contain +20 million ounces of gold(1). If the eastern cluster, which includes Snowline Gold’s Rogue Plutonic Complex and Rackla’s Astro Plutonic Complex, is as productive as the western cluster, these will be exciting times for the Company.
Our team is currently planning the drill program at HIT, a maiden drill program at Peak, advancing the Cirque target to the drill stage and exploring our other projects in the Belt with the characteristics of a Reduced Intrusion-Related Gold System.”
Qualified Person
Scott Casselman, B.Sc., P.Geo., Vice-President Exploration of the Company, is a member of the Association of Professional Engineers and Geoscientists of British Columbia and is the Company’s Qualified Person as defined by National Instrument 43-101. Mr. Casselman has reviewed and approved the technical information contained in this news release.
(1) Yukon Geological Survey, 2023. Yukon Mineral Deposits Summary 2023. Yukon Geological Survey, 18 p.
About Rackla
Rackla Metals Inc. (TSX-V: RAK) is a Vancouver, Canada based junior gold exploration company. The Company is targeting Reduced Intrusion-Related Gold Systems (RIRGS) mineralization on the southeastern part of the Tombstone Gold Belt in eastern Yukon and western Northwest Territories. Management believes that this area, which is underexplored for RIRGS deposit types, has the potential to be the next frontier for their discovery.
ON BEHALF OF THE BOARD
Simon Ridgway,
CEO and Director
Tel: (604) 801-5432; Fax: (604) 662-8829
Email: info@goldgroup.com
Website: www.racklametals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this press release.
Forward-Looking Information
Certain statements contained in this news release constitute forward-looking statements within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward- looking statements and include, without limitation, statements about the Company’s exploration activities. Often, but not always, these forward looking statements can be identified by the use of words such as “estimate”, “estimates”, “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “upgraded”, “offset”, “limited”, “contained”, “reflecting”, “containing”, “remaining”, “to be”, “periodically”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by forward-looking statements. Such uncertainties and factors include, among others, changes in general economic conditions and financial markets; the Company or any joint venture partner not having the financial ability to meet its exploration and development goals; risks associated with the results of exploration and development activities, estimation of mineral resources and the geology, grade and continuity of mineral deposits; unanticipated costs and expenses; and such other risks detailed from time to time in the Company’s quarterly and annual filings with securities regulators and available under the Company’s profile on SEDAR+ at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions of management, including but not limited to: that the Company’s stated goals and planned exploration activities at its properties will be achieved; that there will be no material adverse change affecting the Company or its properties; and such other assumptions as set out herein. Forward-looking statements are made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking statements.
Sitka Intercepts Visible Gold in First Diamond Drill Hole of 2024 at its RC Gold Project in Yukon
https://thenewswire.com/press-releases/1AqRFGqKO-sitka-intercepts-visible-gold-in-first-diamond-drill-hole-of-2024-at-its-rc-gold-project-in-yukon.html
VANCOUVER, CANADA – TheNewswire - March 28, 2024: Sitka Gold Corp. (“Sitka” or the “Company) (TSX-V:SIG) (FSE:1RF) (OTCQB:SITKF) i
White Gold Identifies Multiple Prospective IP Chargeability Anomalies on Two Large Multi-Element Porphyry Targets in Close Proximity to the Casino Copper-Gold Porphyry Deposit, Yukon, Canada
https://ca.finance.yahoo.com/news/white-gold-corp-identifies-multiple-110000620.html
White Gold Corp.
Wed, March 27, 2024 at 4:00 a.m. PDT·18 min read
WHGOF
-0.38%
Figure 1 - Pedlar-Hayes Location Map
Figure 1 - Pedlar-Hayes Location Map
Figure 2 - Regional Porphyry Targets
Figure 2 - Regional Porphyry Targets
Figure 3 - Bridget IP Line 1N
Figure 3 - Bridget IP Line 1N
Figure 4 - Bridget L1N - IP Chargeability + Soils
Figure 4 - Bridget L1N - IP Chargeability + Soils
Figure 5 - Bridget IP Chargeability + Copper
Figure 5 - Bridget IP Chargeability + Copper
Figure 6 - Isaac IP Line 1E
Figure 6 - Isaac IP Line 1E
Figure 7 - Isaac IP Line 4N
Figure 7 - Isaac IP Line 4N
Figure 8 - Isaac L1E - IP Chargeability + Soils
Figure 8 - Isaac L1E - IP Chargeability + Soils
TORONTO, March 27, 2024 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the “Company”) is pleased to provide an exploration update on the Bridget and Isaac porphyry targets located on the Pedlar and Hayes properties, respectively. Exploration work completed during 2023 included Induced Polarization (IP) chargeability and resistivity survey lines and hyperspectral analysis on 2022 prosecting rock samples. All data collected thus far on these large early-stage targets continue to support a porphyry deposit model.
The Pedlar and Hayes properties are situated in the southern part of the Company’s 315,000 hectare (3,150 km2) land package in the White Gold District, west-central Yukon (Figure 1). Western Copper and Gold Corporation’s Casino copper-gold-molybdenum porphyry deposit (Measured & Indicated Resources of 7.6 Blb copper and 14.5 Moz gold and Inferred Resources of 3.3 Blb copper and 6.6 Moz gold) sits approximately 30 km southwest and 40 km west of the Bridget and Isaac targets respectively. Casino is one of the largest undeveloped copper-gold projects in Canada, and since 2021 has seen strategic investments by major partners including Rio Tinto Canada Inc. and Mitsubishi Materials Corporation. The Pedlar and Hayes properties are also located 40 km and 72 km southeast, respectively, of the Company’s flagship White Gold project which contains an estimated 1,152,900 ounces of gold in Indicated Resources and 942,400 ounces of gold in Inferred Resources(1).
Terry Brace, Vice President of Exploration commented: “We are encouraged by results of the 2023 IP test lines at the Bridget and Isaac targets which identified new anomalies and structures that overall correlate well with the soil geochemistry anomalies and current structural interpretations. The new IP looked deeper than any previous geophysical surveys and demonstrates potential at depth beneath these large multi-element soil anomalies. The test results warrant full IP survey coverage over the target areas which will aid in mapping these systems at depth in support of future diamond drill testing.”
Shawn Ryan, co-founder, Chief Technical Advisor and Director, commented further: “The Bridget target has an interesting history as it was one of four top prospects that was first discovered back in 1972 when Silver Standard Mines conducted an extensive 14,000 plus regional silt survey looking for another Casino. During the large regional silt survey, Silver Standard also made the Minto Copper discovery and eventually focused all their attention on that target. I staked the Bridget prospect back in 2004, and since then the property has seen extensive soil sampling programs, airborne radiometric surveys and shallow RAB drilling. The soil sampling program revealed a large copper, molybdenum and bismuth soil anomaly. The molybdenum anomaly (2 to 322 ppm) measures 4 km by 1.7 km and coincides with a very discrete bismuth anomaly (2 to 154 ppm) of 3 km by 1.4 km and a copper core anomaly (50 to 711 ppm) measuring 2.8 km by 1.3 km. A deep penetrating dipole-dipole IP survey was undertaken in summer 2023 with one line over the core of the soil anomaly and the results clearly show a textbook porphyry geophysical signature of resistivity lows and chargeability high anomalies sitting below the anomalous soils. It’s now recommended to follow up with more IP survey lines to cover this large developing porphyry target. I look forward to first diamond drill holes into this exciting target.”
An overview of the Pedlar and Hayes properties, including the Bridget and Isaac targets, was provided previously in a news release dated April 5, 2023 which is available on the Company’s website (https://whitegoldcorp.ca/news/) and on SEDAR+. Maps and images accompanying this news release can be found at http://whitegoldcorp.ca/investors/exploration-highlights/.
Highlights
The Bridget and Isaac targets represent large, early-stage, multi-element porphyry targets that have never been diamond drill tested.
Deep penetrating test IP survey lines conducted over existing soil geochemistry anomalies have identified a total of 13 chargeability anomalies, 5 at Bridget and 8 at Isaac.
The Bridget soil anomaly on the Pedlar property measures 3 km NW-SE by 3.5 km NE-SW and is interpreted to represent a copper-molybdenum porphyry target. It is geochemically zoned with a molybdenum-copper-bismuth core and a silver-zinc-lead-tungsten halo.
At Bridget, one 1st priority and four 2nd priority chargeability anomalies were identified, with target depths ranging from 40 to 330 m. The chargeability anomalies underly a large molybdenum-copper soil anomaly, and a zone of moderate to strong chargeability to the southwest appears to mark a controlling WNW (290°) striking fault which correlates with anomalous lead-zinc-arsenic in soils.
The Isaac soil anomaly on the Hayes property is a recently discovered target which measures 2 km E-W by 1.5 km N-S, and is interpreted to represent a copper-molybdenum porphyry target. It is geochemically zoned with a bismuth-arsenic-copper core and a silver-zinc-lead halo.
At Isaac, four 1st priority, three 2nd priority and one 3rd priority chargeability anomalies were identified, with target depths ranging from 50 to 550 m. The bismuth and copper core of the soil anomaly is underlain by multiple chargeability anomalies (S1, S2, M1 and W1 on Line 1E) which sit above a resistivity low. Anomalous lead, zinc, and silver, which form a halo around the core, are coincident with fault structures on the south side and north side of the survey area which trend NE (065°) and NW (290°) respectively.
2022 prospecting rock samples from both the Bridget and Isaac targets show anomalous trace element enrichments, including copper, molybdenum and silver, consistent with proximal porphyry copper-style mineralization.
Hyperspectral analysis results for the prosecting rock samples at both Bridget and Isaac show alteration mineralogy consistent with a porphyry deposit model.
The Company is currently planning its fully funded 2024 exploration program, focusing on its existing significant gold resources, new high grade gold discoveries and other high priority gold and multi-element targets. The Company will arrange a webinar to provide a more detailed overview of the 2023 exploration results and plans for 2024 at that time. Details to be announced in due course.
Regional Setting – The Dawson Range
The Dawson Range forms an east-southeast trending mountain range which hosts several important mineral deposits and prospects (Figure 2) including the Casino porphyry Copper-Gold deposit in the west. In the southeast near the community of Carmacks, the Minto Mine contains resources of 356 Mlb copper, 189 Koz gold, and 1.7 Moz silver in Indicated Resources and 370 Mlb copper, 207 Koz gold, and 1.9 Moz silver in Inferred Resources(5), and the Carmacks Copper project hosts 652 Mlb copper, 302 Koz gold, 3.8 Moz silver in Measured and Indicated Resources and 38 Mlb copper, 13 Koz gold, and 215 Koz silver in Inferred Resources(6) (Granite Creek Copper Ltd.), both interpreted to represent metamorphosed copper-gold-silver porphyry deposits. Porphyry deposits in the Dawson Range can be divided into 2 major ages, Late Triassic (Minto, Carmacks) and Late Cretaceous (Casino, Cash, Revenue). In addition to porphyry mineralization, epithermal, skarn, and polymetallic to gold-dominant mineralized veins, breccias and fracture zones also occur throughout the Dawson Range(7). In recent years this area has drawn increased attention and investment from both junior and major mining companies due to its high mineral potential.
2023 IP Surveys
In August 2023, Simcoe Geoscience Limited (Simcoe) carried out 7.2 line-km of time domain induced polarization (IP) chargeability and resistivity surveying at the Bridget and Isaac targets using their wireless 2D Alpha IP™ system (see About IP Survey below). At Bridget, a single 3.0 km long IP test line (line 1N) oriented NE-SW was completed using a dipole-dipole configuration. At Isaac, two IP test lines totaling 4.2 km long were oriented perpendicular to each other at NE-SW (line 4N) and NW-SE (line 1E) using a dipole-pole-dipole configuration. Both configurations can detect anomalies up to 600+ m depth.
IP Results
At Bridget, five chargeability anomalies were identified on Line 1N (Figure 3), including one 1st priority anomaly (S1) and four 2nd priority anomalies (M1-M4). Anomaly S1 has a target depth of 130 m and is characterized by strong chargeability and low resistivity. Target depths on the second priority anomalies range from 40 m (M3, M4) to a maximum of 330 m (M1). These are characterized by moderate to high chargeability and low to high resistivity.
The Bridget chargeability anomalies are plotted in relation to soil geochemistry results in Figure 4 (molybdenum, copper, lead, zinc) and Figure 5 (copper). The chargeability anomalies generally correspond with a zone of low resistivity which underlie a large molybdenum-copper soil anomaly. A zone of moderate (M1) to strong (S1) chargeability in the southwest delineates a controlling west-northwest (WNW, 290°) striking fault structure, closely correlated with lead, zinc, and arsenic soil anomalies. To the northeast, a similar WNW (295°) anomaly in lead, zinc, and arsenic defines the boundary of this chargeability anomaly and coincides with a significant tungsten anomaly, positioned along the northeastern fringe of a molybdenum anomaly. It is worth noting that in 2018 the Company drilled 10 short rotary air blast (RAB) drill holes totalling 548.6 m over the area between chargeability anomalies M2 and S1. However, these RAB holes were testing surface soil anomalies and drilled to a shallow maximum depth of only 70 m, hence the newly IP chargeability anomalies identified are completely untested.
At Isaac, 8 chargeability anomalies were identified on Lines 1E and 4N. Five anomalies occur on Line 1E (Figure 6), including three 1st priority anomalies (S1-S3), one 2nd priority anomaly (M1) and one 3rd priority anomaly (W1). The 1st priority anomalies are characterized by moderate chargeability and low to high resistivity. Target depths of the 1st priority anomalies range from 70 m (S3) to 250 m (S2). An additional three anomalies occur on Line 4N (Figure 7), including one 1st priority anomaly (S1) and two 2nd priority anomalies (M1-M2) (see Figure 7). Target depths of these chargeability anomalies range from 220 – 550 m.
The Isaac chargeability anomalies on Line 1E, oriented NW-SE, are plotted in relation to soil geochemistry results for select elements (bismuth, copper, lead, silver) in Figure 8. The bismuth anomaly appears to be controlled by faults interpreted from the IP resistivity data. The bismuth and copper core of the soil anomaly is underlain by multiple chargeability anomalies (S1, S2, M1 and W1) which sit above a resistivity low which is interpreted as a fault structure. Lead, zinc, and silver, which form a halo around the core, are coincident with fault structures on the south side and north side of the survey area which trend NE (065°) and NW (290°) respectively. Isaac is a recently recognized (2021) target and has never been drilled tested.
2023 Hyperspectral Analysis & Results
During 2023, crushed coarse rejects from 2022 prospecting rock samples from the Pedlar and Hayes properties were analyzed with an ASD TerraSpec® 4 Hi-Res Mineral Spectrometer. Results were uploaded and processed using IMDEX’s aiSIRIS™ cloud-based mineral interpretation AI software to produce semi-quantitative, standardized mineral interpretations and analytics (see About Hyperspectral Analysis below).
The Hyperspectral analysis results for the prosecting rock samples show alteration mineralogy consistent with a porphyry deposit model.
A total of 17 prospecting rock samples were collected at the Bridget target and 19 samples at the Isaac target. Samples from both the Bridget and Isaac targets show anomalous trace element enrichments, including copper, molybdenum and silver, consistent with proximal porphyry copper-style mineralization. Hyperspectral data for the Isaac target samples provide evidence for phyllic alteration characterized by muscovite and potassic alteration, with evidence of propylitic alteration found only on the southern edge of the sampled area where significant chlorite is observed. The Bridget samples show no evidence of phyllic alteration, however most samples show both geochemical and hyperspectral evidence for widespread propylitic alteration involving epidote, chlorite and albite, as well as minor potassic alteration.
Next Steps
The Company is encouraged by the success of the IP test lines in detecting chargeability and resistivity anomalies beneath the soil geochemistry anomalies at the Bridget and Isaac targets at depths from 40m to 550m below surface. These results warrant full IP survey coverage over the target areas which will aid in identifying targets at depth in support of future diamond drill testing.
About the Bridget Target
The Bridget target area is located on the Pedlar property and was first explored by Silver Standard Mines Ltd. (“Silver Standard”) and Asarco Exploration Company of Canada Ltd. (“Asarco”) in the early 1970’s following the discovery of the Casino Copper-Gold-Molybdenum porphyry deposit. A series of regional silt samples, soil sampling, and geophysical surveys by Silver Standard in 1971 and 1972 led to the discovery of a significant molybdenum-copper geochemical anomaly, now known as the Bridget target. Historical exploration work between 2004 and 2016 included soil sampling, prospecting, geological mapping, and geophysical surveys. In 2016 the Company acquired ownership of the property and has continued to expand the large multi-element (molybdenum, copper, bismuth, tungsten, lead, silver) soil geochemical anomaly that currently measures 3 km NW-SE by 4.3 km NE-SW. In 2018, a maiden rotary air blast (RAB) drilling program comprising 10 holes totalling 548.6 m was completed; however, the RAB holes were short testing to a maximum vertical depth of only 70 m, well short of potential porphyry mineralization at depth beneath the anomalous soils. Porphyry targets characterized by IP chargeability high anomalies remain completely untested.
About the Isaac Target
The Isaac target is located on the Hayes property and was first recognized by the Company as a prospective porphyry target in 2021 through soil sampling. Gridded soil sampling (50 m spaced samples on 100 m spaced survey lines) was conducted in an area located approximately 5 km south of the Yukon River where a 2017 reconnaissance soil survey identified several isolated anomalous ridge and spur soil samples. The 2021 sampling identified a new geochemically zoned multi-element soil anomaly named the Isaac target, which measures approximately 2 km east-west by 1.5 km north-south. The anomaly has a central core measuring from 750 m to 1,000 m in diameter and enriched in bismuth and arsenic, which is surrounded by a halo of anomalous silver, lead and zinc that is greater than 400 m wide. Anomalous copper occurs in the southern portion of the core, and a relatively small area of anomalous molybdenum occurs near the core’s northern margin. Geologically the soil anomaly is associated with a plug of Late Cretaceous Prospector Mountain suite, which is known to be prospective for porphyry copper-gold-molybdenum and epithermal style mineralization. The geochemical zonation and elemental distributions indicate that the anomaly may represent the surface expression of a copper-molybdenum porphyry core surrounded by distal or epithermal style silver-lead-zinc mineralization. Follow-up geological mapping and prospecting in 2022 at the Isaac target area returned anomalous copper values from the core area of the soil anomaly, with three grab samples returning from 730.6 – 1269.2 ppm Copper.
About Hyperspectral Analysis
Crushed coarse rejects from 2022 prospecting rock samples were analyzed with an ASD TerraSpec® 4 Hi-Res Mineral Spectrometer by Bureau Veritas Commodities Canada Ltd. at their preparation laboratory in Whitehorse, Yukon. Results were uploaded and processed using IMDEX’s aiSIRIS™ cloud-based mineral interpretation AI software to produce semi-quantitative, standardized mineral interpretations and analytics. TerraSpec and aiSIRIS data were reviewed and interpreted by Dr. Dennis Arne, a principal consulting geochemist with Telemark Geosciences Pty Ltd, a geological consulting services company based in Victoria, Australia.
About IP Survey
The 2023 IP surveys were completed by Simcoe Geoscience Limited (Simcoe) using their wireless time domain 2D Alpha IP™ system (https://www.simcoegeoscience.com/wireless-alpha-ip). Survey data was recorded in a Reverse & Forward array configuration with readings taken every 100 m along the line. A dipole-dipole configuration was used at the Bridget target, and a dipole-pole-dipole configuration at the Isaac target. Once the IP data satisfied the QA/QC process, the entire survey line file was exported into UBC format to run the model 2D inversions. Results were reviewed, interpreted and chargeability anomalies ranked by Simcoe’s in-house geophysicist.
About White Gold Corp.
The Company owns a portfolio of 15,876 quartz claims across 26 properties covering approximately 315,000 hectares (3,150 km2) representing over 40% of the Yukon’s emerging White Gold District. The Company’s flagship White Gold project hosts four near-surface gold deposits which collectively contain an estimated 1,152,900 ounces of gold in Indicated Resources and 942,400 ounces of gold in Inferred Resources(1). Regional exploration work has also produced several other new discoveries and prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Newmont Corporation with Measured and Indicated Resources of 2.1 Moz at 1.28 g/t gold and Inferred Resources of 0.2 Moz at 1.0 g/t gold(2), and Western Copper and Gold Corporation’s Casino project which has Measured and Indicated Resources of 7.6 Blb copper and 14.5 Moz gold and Inferred Resources of 3.3 Blb copper and 6.6 Moz gold(3). For more information visit www.whitegoldcorp.ca.
(1) See White Gold Corp. technical report titled “2023 Technical Report for the White Gold Project, Dawson Range, Yukon, Canada ”, Effective Date April 15, 2023, Report Date May 30, 2023, NI 43-101 Compliant Technical Report prepared by Dr. Gilles Arseneau, P.Geo., available on SEDAR+.
(2) See Newmont Corporation Form 10-K: Annual report for the year ending December 31, 2023, in the Measured, Indicated, and Inferred Resources section, dated February 29, 2024, available on EDGAR. Reserves and resources disclosed in this Form 10-K have been prepared in accordance with the Regulation S-K 1300, and do not indicate NI43-101 compliance.
(3) See Western Copper and Gold Corporation technical report titled “Casino project, Form 43-101F1 Technical Report Feasibility Study, Yukon Canada”, Effective Date June 13, 2022, Issue Date August 8, 2022, NI 43-101 Compliant Technical Report prepared by Daniel Roth, PE, P.Eng., Mike Hester, F Aus IMM, John M. Marek, P.E., Laurie M. Tahija, MMSA-QP, Carl Schulze, P.Geo., Daniel Friedman, P.Eng., Scott Weston, P.Geo., available on SEDAR+.
(5) See Minto Metals Corp. technical report titled “Form 43-101F1 Preliminary Economic Assessment Technical Report, Minto, Yukon Canada”, Effective Date March 31, 2021, Report Date May 7, 2021, prepared by Dino Pilotto, P.Eng., Tysen Hantelmann, P. Eng., Mike Levy, P.E., Sue Bird, P. Eng., Carl Schulze, P. Geo., Tad Crowie, P. Eng., Cheibany Elemine, Ph. D., P. Geo., Sam Amiralaei, P. Eng., John Kurylo, P. Eng., available on SEDAR.
(6) See Granite Creek Copper Ltd. technical report titled “Updated Mineral Resource Estimates for the Carmacks Cu-Au-Ag Project Near Carmacks, Yukon, Canada”, Effective Date February 25, 2022, Report Date April 29, 2022, prepared by Allan Armitage, Ph. D., P. Geo., available on SEDAR.
(7) Allan, M.M., Mortensen, J.K., Hart, C.J.R., Bailey, L.A., Sánchez, M.G., Ciolkiewicz, W., McKenzie, G.G. and Creaser, R.A., 2013, Magmatic and Metallogenic Framework of West-Central Yukon and Eastern Alaska: Society of Economic Geologists, Special Publication 17, pp. 111-168.
Qualified Person
Terry Brace, P.Geo. and Vice President of Exploration for the Company is a “qualified person” as defined under National Instrument 43-101 – Standards of Disclosure of Mineral Projects and has reviewed and approved the content of this news release.
Cautionary Note Regarding Forward Looking Information
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “proposed”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the Company’s properties; future growth potential of the Company, including whether any proposed exploration programs at any of the Company’s properties will be successful; exploration results; and future exploration plans and costs and financing availability.
These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include:
The expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the White Gold properties; the receipt of all applicable regulatory approvals for the Offering; failure to identify any additional mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Company’s properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining and mineral exploration; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; ongoing uncertainties relating to the COVID-19 pandemic; and those factors described under the heading “Risks Factors” in the Company’s annual information form dated July 29, 2020 available on SEDAR+. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as 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 statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities 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.
For Further Information, Please Contact:
Contact Information:
David D’Onofrio
Chief Executive Officer
White Gold Corp.
(647) 930-1880
ir@whitegoldcorp.ca
Request Meeting: https://calendly.com/meet-with-wgo/15min
Photos accompanying this announcement are available at:
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WESTERN COPPER AND GOLD ANNOUNCES METALLURGICAL PROGRAM AND ASSOCIATED DRILL RESULTS
https://www.newswire.ca/news-releases/western-copper-and-gold-announces-metallurgical-program-and-associated-drill-results-864276919.html
Western Copper and Gold Corporation Mar 27, 2024, 06:30 ET
VANCOUVER, BC, March 27, 2024 /CNW/ - Western Copper and Gold Corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN)
Silver North Outlines 2024 Tim Silver Property Drilling Program
https://thenewswire.com/press-releases/1kx7F3D1v-silver-north-outlines-2024-tim-silver-property-drilling-program.html
Vancouver, BC / TheNewswire / March 27, 2024 – Silver North Resources Ltd. (TSX-V: SNAG, OTCQB: TARSF) “Silver North” or the “Company”) is pleased to announce plans for the 2024 drilling program at the Tim Property, under option to Coeur Mining, Inc. (“Coeur” NYSE-CDE). Coeur intends to commence exploration on the property in June, and plans to complete approximately 2,000 metres of drilling targeting silver-lead-zinc Carbonate Replacement Deposit (“CRD”) mineralization similar to that found at Coeur’s Silvertip Mine Property, 19 km to the south of Tim.
Rob Duncan, VP Exploration for Silver North states, “We are excited to see drilling at Tim this year. Coeur has carried out an excellent program leading to this drill test. With their knowledge and experience exploring the CRD system(s) in the Silvertip district, we are able to leverage this expertise in our efforts to bring a new silver discovery to bear for our shareholders.”
Coeur is planning to commence the 2024 program in June, with the intention of completing drilling, geochemical sampling and drill pad and access development, with crews operating out of the Silvertip Mine Camp. Approximately 2,000 metres of drilling is planned from up to six drill pads, testing the potential for CRD-style mineralization along almost 2,000 metres of strike length of prospective stratigraphy. Previous work has identified silver mineralization in trenches dating back to the 1980s. A 2022 program conducted by Coeur to verify previous trench sampling returned 468.1 g/t silver, 21.1% lead, and 0.3% zinc over 4.0 metres from one re-opened trench. Another, located approximately 200 metres along strike, returned 265.0 g/t silver, 6.7% lead and 0.9% zinc over 8.8 metres. Silver North views the Tim as a high priority exploration target as it exhibits similar geological characteristics to Coeur’s Silvertip Project.
The 2024 program will be conducted under the direction of Coeur’s exploration team based at Silvertip, under the terms of an option agreement granting Coeur the right to earn a 51% interest in the property by completing a minimum of $3.15 million in additional exploration expenditures and making additional cash payments to Silver North totalling $275,000 by December 31, 2026. Coeur can bring its interest to 80% by making additional cash payments of $100,000 per year in 2027 and 2028, completing a positive feasibility study and informing Silver North of its intention to develop a mine at Tim by December 16, 2028. Under this agreement, Coeur must fund a minimum $700,000 program in 2024. Tim is road accessible via 25 km of 4 x 4 access off the Silvertip Mine Road.
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About Silver North Resources Ltd.
Silver North’s primary assets are its 100% owned Haldane silver project (next to Hecla Mining Inc.’s Keno Hill Mine project) and the Tim silver project (under option to Coeur Mining, Inc.). Silver North also holds gold and base metal projects in Yukon Territory, Colorado and Nevada and is actively seeking partners for them. Silver North also plans to acquire additional silver properties in favourable jurisdictions.
The Company is listed on the TSX Venture Exchange under the symbol “SNAG”, trades on the OTCQB market in the United States under the symbol “TARSF”, and under the symbol “I90” on the Frankfurt Stock Exchange.
Mr. Jason Weber, P.Geo., President and CEO of Silver North Resources Ltd. is a Qualified Person as defined by National Instrument 43-101. Mr. Weber supervised the preparation of the technical information contained in this release.
For further information, contact:
Jason Weber, President and CEO
Tel: (604) 807-7217
Fax: (888) 889-4874
To learn more visit: www.silvernorthres.com
Twitter: https://twitter.com/SilverNorthRes
LinkedIn: https://www.linkedin.com/company/silvernorth-res-ltd/
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. STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.
CANTEX RECEIVES EXCELLENT FIRST BULK GERMANIUM RESULTS FROM MAIN AND GZ ZONES AT ITS 100% OWNED NORTH RACKLA PROJECT, YUKON
https://www.newswire.ca/news-releases/cantex-receives-excellent-first-bulk-germanium-results-from-main-and-gz-zones-at-its-100-owned-north-rackla-project-yukon-854330975.html
Cantex Mine Development Corp. Mar 14, 2024, 08:30 ET
KELOWNA, BC, March 14, 2024 /CNW/ - Cantex Mine Development Corp. (TSXV: CD) (OTCQB: CTXDF)
Prospector Provides an Update on its 2024 Plans at the Gold-Silver-Copper Prospective ML Project, Yukon
https://www.newsfilecorp.com/release/200614
March 06, 2024 7:30 AM EST | Source: Prospector Metals Corp.
Vancouver, British Columbia--(Newsfile Corp. - March 6, 2024) - Prospector Metals Corp. (TSXV: PPP) (OTCQB: PMCOF) (FSE: 1ET
Gladiator Announces Middle Chief Prospect Initial Drill Results
https://www.newsfilecorp.com/release/200438
March 05, 2024 9:04 AM EST | Source: Gladiator Metals Corp.
Highlights
Initial assays have been received for 6 holes for 2162m of drilling at the Middle Chief Prospect within the Chief's Trend of a planned 10,000 m's of drilling at the Chief's Trend.
Assay results returned significant copper and gold mineralisation, including:
LCG-001D1: 22m @ 1.41% Cu and 0.28 g/t Au from 208m;
LCG-001: 16m @ 1.29% Cu and 0.61 g/t Au from 249m and 6m @ 1.56 % Cu and 1.06 g/t Au from 213m;
LCG-001D2: 10m @ 1.35% Cu and 0.51g/t Au from 196m, 10m @ 0.83% Cu and 0.19 g/t Au from 62m and 4m @ 1.03 Cu and 0.19 g/t Au from 84m; and
LCG-003: Recovered core @ 2.71% Cu and 1.39 g/t Au within a 13.75m mineralised zone from 256m to end of hole (approximately 270m) that failed in 0.25m @ 2.76% Cu and 0.28 g/t Au.
The above drilling has intersected mineralization approximately 150-180m vertical depth from surface. Gladiator will now move to target the up-dip extent of the mineralization.
Drilling has recently moved to test the Big Chief Prospect, 200m to the north-west of Middle Chief, with two holes recently collared into magnetite altered skarn mineralisation (assays pending).
Ongoing drilling is planned to test high grade copper skarn mineralization at Big Chief and Middle Chief within the Chief's that remains open in all directions.
Gladiator CEO, Jason Bontempo commented:
"Gladiator has received initial assays from its ongoing, 10,000m diamond drill program at the Middle Chief prospect area. These results confirm and support the significant widths of high-grade copper skarn mineralisation identified from Gladiators data compilation of historical datasets at Middle Chief and point to further extensions of the defined mineralised bodies. Mineralisation remains open in all directions with some holes finishing in high grade copper-gold mineralisation.
The significant gold assays coincident with high grade copper mineralisation identified in these initial assay results point to the significant upside potential of the Middle Chief prospect area with the historic drilling only assaying for copper."
Vancouver, British Columbia--(Newsfile Corp. - March 5, 2024) - Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) (FSE: ZX7)
Sitka Gold Commences 15,000 Metre Diamond Drilling Program at its Flagship RC Gold Project in Yukon
https://www.prnewswire.com/news-releases/sitka-gold-commences-15-000-metre-diamond-drilling-program-at-its-flagship-rc-gold-project-in-yukon-302079828.html
Sitka Gold Corp. 05 Mar, 2024, 08:30 ET
VANCOUVER, BC, March 5, 2024 /PRNewswire/ - Sitka Gold Corp. ("Sitka" or the "Company") (TSXV: SIG) (FSE: 1RF) (OTCQB: SITKF)
Honey Badger Strategically Adds to Land Position at Plata, Yukon; Importantly Identifies New "RIRGS" (ROGUE) Type Target
https://www.newsfilecorp.com/release/200425
March 05, 2024 7:30 AM EST | Source: Honey Badger Silver Inc.
White Rock, British Columbia--(Newsfile Corp. - March 5, 2024) - Honey Badger Silver Inc. (TSXV: TUF) ("Honey Badger" or the "Company"), announces the acquisition of additional claims adjacent to its wholly owned Plata Project in the Yukon Territory. Recent compilation work on the Company's Plata Project has confirmed similarities to the adjacent exciting Rogue Project owned by Snowline Gold. Rogue appears to be one of the most exciting and potentially one of the largest recent mineral discoveries anywhere in the world.
Honey Badger's CEO, Dorian L. (Dusty) Nicol, commented, "Plata hosts spectacular high grade silver mineralization, traditionally interpreted as a Keno Hill analogue. Recent mapping and compilation work confirm the similarity of Plata geology to the geologic setting at Snowline Gold's adjacent Rogue Project where, about 30km east of Plata at the Valley discovery, recent drilling has intersected exceptional gold intercepts such as 2.48 gpt Au over 553.8 meters. Geologic mapping during the last field season led to our current interpretation of Plata as being related to the same style of mineralization ("Reduced Intrusion Related Gold System" or RIRGS) as at Valley. Our observations at Plata fit into a mineralization zoning model indicating that surface vein mineralization at Plata is the periphery of a RIRGS mineralizing system. This significantly expands the discovery potential at Plata. Our new claims cover a geophysical magnetic low which we interpret as representing a possible buried intrusion that fed the mineralizing system."
The new claims are adjacent to the Plata Project, comprise 69 individual claims covering 1,430 hectares, and cover the heart of the geophysical magnetic low (See Figure 1).
Figure 1
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3204/200425_7d8090940452ea9f_001full.jpg
Figure 2
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3204/200425_7d8090940452ea9f_002full.jpg
Figure 2 shows the location of the Plata claims in relation to Snowline's Rogue Project.
The claims were staked by ECEE Money Ltd. ("ECEE"), a private corporation controlled by W. Douglas Eaton, a former director of Honey Badger, with the concurrence and knowledge of Honey Badger. ECEE has transferred ownership of the claims to Honey Badger at no cost, subject to a 2% net smelter royalty ("NSR") on future commercial gold production. The NSR applies only to gold.
Qualified Person
Technical information in this news release has been approved by Dorian L. (Dusty) Nicol, the Company's CEO (PG, FAusIMM), who is a Qualified Person ("QP") for the purpose of National Instrument 43-101.
About Honey Badger Silver Inc.
Honey Badger Silver is a silver company. The company is led by a highly experienced leadership team with a track record of value creation backed by a skilled technical team. Our projects are located in areas with a long history of mining, including the Sunrise Lake project with a historic resource of 12.8 Moz of silver Indicated and 13.9 Moz of silver Inferred (1)(3) located in the Northwest Territories and the Plata high grade silver project located 165 km east of Yukon's prolific Keno Hill and adjacent to Snowline Gold's Rogue discovery. The Company's Clear Lake Project in the Yukon Territory has a historic resource of 5.5 Moz of silver and 1.3 billion pounds of zinc (2)(3). The Company also has a significant land holding at the Nanisivik Mine Area located in Nunavut, Canada that produced over 20 Moz of silver between 1976 and 2002. (2,3)
(1) Sunrise Lake 2003 RPA historic resource: Indicated 1.522 million tonnes grading 262 grams/tonne silver, 6.0% zinc, 2.4% lead, 0.08% copper, and 0.67 grams/tonne gold and Inferred 2.555 million tonnes grading 169 grams/tonne silver, 4.4% zinc, 1.9% lead, 0.07% copper, and 0.51 grams/tonne gold.
(2) Clear Lake 2010 SRK historic Resource: Inferred 7.76 million tonnes grading 22 grams/tonne silver, 7.6% zinc, and 1.08% lead.
(3) Geological Survey of Canada, 2002-C22, "Structural and Stratigraphic Controls on Zn-Pb-Ag Mineralization at the Nanisivik Mississippi Valley type Deposit, Northern Baffin Island, Nunavut; by Patterson and Powis."
(4) A qualified person has not done sufficient work to classify this historic tonnage estimate as a current mineral resource and the Company is not treating the estimate as a current mineral resource. The historic tonnage estimate cannot be relied upon. Additional work, including verification drilling / sampling, will be required to verify the estimate as a current mineral resource.
ON BEHALF OF THE BOARD
Dorian L. (Dusty) Nicol, CEO
For more information please visit our website www.honeybadgersilver.com or contact Ms. Michelle Savella for Investor Relations | msavella @noelbull.
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.
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time such assumptions and estimates were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Honey Badger to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.
Such factors include, but are not limited to, risks relating to capital and operating costs varying significantly from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; other risks involved in the mineral exploration and development industry; and those risks set out in the Company's public documents filed on SEDAR+ (www.sedarplus.ca) under Honey Badger's issuer profile. 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, 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 timeframes or at all. 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, other than as required by law.
SOURCE: Honey Badger Silver Inc.
Prospector Closes ML Property Acquisition and Private Placement
https://www.newsfilecorp.com/release/200610
March 05, 2024 5:55 PM EST | Source: Prospector Metals Corp.
Vancouver, British Columbia--(Newsfile Corp. - March 5, 2024) - Prospector Metals Corp. (TSXV: PPP) (OTCQB: PMCOF) (FSE: 1ET) ("Prospector" or the "Company") is pleased to announce the closing of its previously announced acquisition of the ML Property (also known as the Mike Lake Property) (the "Transaction") from Troilus Gold Corporation ("Troilus"), pursuant to a property purchase agreement (the "Purchase Agreement") with Troilus. The ML Property and the terms of the Purchase Agreement are described in the Company's press release dated January 3, 2024.
Pursuant to the Transaction, the Company issued 9,222,164 common shares of the Company (the "Common Shares") to Troilus after giving effect to the Company's Consolidation (as defined below). As a result of the issuance, Troilus holds 19.9% of the issued Common Shares of the Company. The Common Shares issued to Troilus are subject to a voluntary hold period of twelve (12) months from the date of issuance. There were no finder's fees paid in connection with the Transaction.
Private Placement Offering
The Company is also pleased to announce that it has closed its previously announced non-brokered private placement (the "Private Placement") for gross proceeds to the Company of $2,000,000. In connection with the Private Placement, the Company issued 9,090,909 units at a price of $0.11 per unit and 6,666,666 units at a price of $0.15 per unit (each, a "Unit"). Each Unit consists of one post-Consolidation Common Share and one half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant is exercisable into one Common Share at an exercise price of $0.30 for a period of two years from the date of issue. If the closing price of the Common Shares is at a price equal to or greater than $0.50 for a period of 10 consecutive trading days, the Company will have the right to accelerate the expiry date of the Warrants by giving notice, via a news release, to the holders of the Warrants that the Warrants will expire on the date that is 30 days after the issuance of said news release.
In connection with closing of the Private Placement, the Company paid cash finders' fees totaling $31,326.88 and issued 246,674 finders' warrants (the "Finders' Warrants"). Each Finders' Warrant is exercisable to purchase one Common Share at a price of $0.30 per Common Shares for 2 years from the date of issue, subject to acceleration.
Prospector intends to use the net proceeds of the Private Placement to complete a detailed geophysical survey at its Devon Ni-Cu Project in Ontario, preliminary assessment work and prospecting of the ML Property in Yukon Territory, and for working capital needs.
The Private Placement is subject to the final acceptance of the TSX Venture Exchange (the "TSXV") and all securities issuable in connection with the Private Placement are subject to a statutory hold period, in accordance with applicable securities laws, until July 6, 2024.
The Private Placement constitutes a related-party transaction as defined under Multilateral Instrument 61-101 ("MI 61-101") as there are certain insiders participating. Because the Company's shares trade only on the TSXV, the issuance of securities is exempt from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(b) of MI 61-101 and exempt from the minority approval requirements of Section 5.6 of MI 61-101 pursuant to Subsection 5.7(b) of MI 61-101.
Consolidation
As previously announced on February 28, 2024, Prospector consolidated its Common Shares on a 3:1 basis (the "Consolidation") and began trading on a post-Consolidation basis effective at market open on March 4, 2024.
About Prospector Metals Corp.
Prospector Metals Corp., a member of Discovery Group, is focused on district scale, early-stage exploration of gold and base metal prospects. Creating shareholder value through new discoveries, the Company identifies underexplored or overlooked mineral districts displaying important structural and mineralogical occurrences similar to more established mining operations. Prospector is led by an experienced technical and corporate team that has a proven track record of making world-class mineral discoveries. Prospector establishes and maintains relationships with local and Indigenous rightsholders, and seeking to develop partnerships and agreements that are mutually beneficial to all stakeholders.
On behalf of the Board of Directors,
Prospector Metals Corp.
Dr. Rob Carpenter, Ph.D., P.Geo.
President & CEO
For further information about Prospector Metals Corp. or this news release, please visit our website at www.prospectormetalscorp.com or contact us by email at info@prospectormetalscorp.com.
Prospector Metals Corp. is a proud member of Discovery Group. For more information please visit: discoverygroup.ca.
Forward-Looking Statement Cautions:
This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including, but not limited to, statements regarding the use of proceeds from the Private Placement and the receipt of final TSXV approval for the Private Placement. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective,", "strategy", "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSXV, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include risks associated with general economic conditions; adverse industry events; loss of markets; volatility of commodity prices; inability to access sufficient capital and/or inability to access sufficient capital on favourable terms; risks that the property purchase agreement could be terminated; risk of accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, or the possibility that the Company may not be able to secure permitting and other agency or governmental clearances, necessary to carry out the Company's exploration plans, risks of political uncertainties and regulatory or legal changes in the jurisdictions where the Company carries on its business that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca for a more complete discussion of such risk factors and their potential effects.
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.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES
SOURCE: Prospector Metals Corp.
Trifecta Gold Resets Focus with Tombstone Gold Belt Option and Share Consolidation
https://www.accesswire.com/838568/trifecta-gold-resets-focus-with-tombstone-gold-belt-option-and-share-consolidation
Friday, 01 March 2024 06:40 PM
Highlights:
Trifecta Gold is optioning the advanced Mt Hinton gold-silver project, next to Hecla's Keno Hill Mines and Banyan Gold's AurMac Deposit, as well as 10 other highly prospective projects.
All 11 projects show characteristics of reduced intrusion related gold systems, like Snowline Gold's recent Valley discovery or Victoria Gold's Eagle Mine.
Favorable deal structure allows Trifecta to acquire 100% of the project in a shareholder friendly manner.
4:1 share consolidation to allow restart of Trifecta Gold with a renewed focus on its newly acquired Yukon properties.
VANCOUVER, BC / ACCESSWIRE / March 1, 2024 / Trifecta Gold Ltd. (TSXV:TG)(OTCQB:TRRFF) ("Trifecta" or the "Company") is pleased to announce that it has entered into a binding agreement to acquire up to 100% of Mt. Hinton and 10 other highly prospective, intrusion-related gold projects located in Yukon's Tombstone Gold Belt. Under a two stage earn-in agreement with Strategic Metals Ltd. ("Strategic"), Trifecta can acquire up to a 100% interest in all 11 properties.
Tombstone Gold Belt
Extending for more than 1,000 km from Alaska into Yukon, the Tombstone Gold Belt hosts many large Reduced Intrusion-Related Gold System (RIRGS) deposits such as Fort Knox in Alaska (>10 million oz), Eagle and Olive in Yukon (>4 million oz) and the past-producing Brewery Creek Mine, also in Yukon. Recent discoveries including Snowline Gold's Tier 1 Valley discovery, Sitka Gold's RC deposit, Banyan Gold's AurMac deposits and Victoria Gold's Raven deposit have drawn renewed exploration interest to the belt.
These gold systems are characterized by sheeted, auriferous quartz veins forming in the carapace zones of Cretaceous-age plutons. They have a characteristic geochemical signature of Au-Bi-Te±W within and surrounding the intrusion, and a characteristic geophysical signature of a magnetic low (ie. reduced) together with a coincident conductivity low. Moving outward from the intrusions, Au-As veins are common with Ag-Pb-Zn veins further out.
Option Terms
Under the terms of the option agreement, which is subject to TSX Venture Exchange acceptance, Trifecta can acquire an initial 70% interest in the properties (the "First Option") by incurring aggregate exploration expenditures of $6 million by December 31, 2027 and issuing that number of Trifecta shares to Strategic such that, following the issuance of those shares, Strategic will hold 9.99% of Trifecta's then issued and outstanding share capital, including the shares of Trifecta currently held by Strategic. Following the exercise of the First Option, Strategic will retain a one percent (1%) net smelter return royalty interest in the properties.
Trifecta can acquire the remaining 30% interest in the properties (the "Second Option") by issuing additional Trifecta shares to Strategic equal to 9.99% of the then outstanding Trifecta share capital at any time after the exercise of the First Option and prior to March 31, 2028, which number of shares to be issued to Strategic will not include any shares of Trifecta then held by Strategic. Following the exercise of the Second Option, Strategic will retain an additional one percent (1%) net smelter return royalty interest. Trifecta can purchase the second royalty interest from Strategic for the payment of 1,500 ounces of gold or the cash equivalent.
If Trifecta exercises the First Option only, the parties shall form a joint venture to further explore and develop the properties.
Project Portfolio
The optioned portfolio covers approximately 30,000 hectares of highly prospective land within the Yukon portion of the Tombstone Gold Belt across 11 properties - namely, Mt. Hinton, Rye, Lance, Liam, Lois, Leroy, Luke, Leah, Lisa, Husky and Naws. The locations of the properties are available on the Company's website.
The flagship Mt. Hinton gold-silver project lies within the Keno Hill District of the Tombstone Gold Belt, ideally located immediately southeast of Hecla Mining Company's ("Helca") Keno Hill Silver Mining Project, 35 km southeast of Victoria Gold's Eagle Mine, and 25 km east-southeast of Banyan Gold's AurMac Deposit. Mt. Hinton is a road accessible, camp scale property with over 60 precious metals veins identified to date. Mt. Hinton is a direct extension of the stratigraphy that hosts Hecla's Keno Hill Mines and much of the historical exploration at Mt. Hinton focused on these veins. Visible gold has been found in many of the known veins resulting in many bonanza grade (>100 g/t gold) assays being reported from surface grab and chip samples:
August 21, 2019, Strategic Metals Ltd. Announces 2340 G/T Gold in a Rock Sample From its Mount Hinton Property, Yukon
September 9, 2019, Strategic Metals Discovers More Gold-rich Veins at Its Mount Hinton Property, Yukon (includes a 202 g/t gold grab sample in Granite North)
July 22, 2020, Strategic Metals Ltd. samples 200 g/t gold over 1.2 m at its Mt. Hinton gold and silver project, Yukon
January 23, 2023, Strategic Metals Discovers New Veins at its Mt. Hinton Gold-Silver Project, Yukon (85 vein float samples grade 273 g/t gold and 138.5 g/t gold, outcrop sample from 15 vein grades 126.5 g/t gold, 19 vein float sample returned 101 g/t gold)
There are active placer mines on all the creeks draining the property. Based on both metal zonation within the district and the regional magnetic signature at Mt. Hinton, a reduced intrusion on the property is theorized to be the driver for much of the mineralization in the district. Many recently identified gold-in-soil anomalies have yet to be prospected and a large magnetic low in the southeastern part of the project has not been investigated. Both will be priority targets for Trifecta.
The Rye property is located 14 km south of Fireweed Metals' Macpass Project in eastern Yukon. It hosts a gold- and bismuth-in-soil anomaly associated with a known intrusion as well as multiple gold-rich veins more distal to the intrusion.
Located midway between Mt. Hinton and Rye, the Lance property is centered on a multi-square kilometre gold- bismuth- and arsenic-in-soil anomaly that coincides with a magnetic low. Prospecting in 2023, in the western part of the project, discovered sheeted quartz veining within a secondary soil anomaly of a similar character.
Liam is similarly centered on a large, coincident gold- bismuth- and arsenic-in-soil anomaly that is partially defined through grid soil sampling. The anomaly also has significant copper-in-soil that ranges from 200 to 847 ppm indicating potential for porphyry type mineralization as well.
Lois, Leroy, Luke, Leah, Lisa, Husky and Naws are earlier stage targets that were staked on the same regional stream sediment signatures that mark all of the known deposits and major discoveries in the Tombstone Belt.
Share Consolidation
Trifecta's board of directors has approved the consolidation of its common shares on the basis of one post-consolidation share for every four pre-consolidation shares. The effective date of the consolidation will be confirmed at a future time, following the Company's receipt of acceptance from the TSX Venture Exchange for this share consolidation.
About Trifecta Gold Ltd.
Trifecta is a Canadian-based precious metals exploration company dedicated to increasing shareholder value through the discovery and development of 100% held gold projects in Yukon and Nevada. Initial drilling at its Yuge Gold Project, located in northern Nevada, has identified multiple broad zones of gold mineralization near historical high-grade mines. The Company's Eureka Project hosts an 8 x 2.5 kilometre belt of surface showings and anomalous gold-in-soil that straddle the headwaters of two of the most productive placer creeks in Yukon's southern Klondike Goldfields. The Company's Treble Project covers a large hydrothermal system, located midway between Western Copper and Gold Corporation's Casino Deposit, the largest copper and gold deposit in the Yukon, and Rockhaven Resources Ltd.'s Klaza Deposit, a high-grade gold-silver deposit.
ON BEHALF OF THE BOARD
"Richard Drechsler"
President and CEO
For further information concerning Trifecta or its various exploration projects please visit www.trifectagold.com or contact:
Corporate Information
Trifecta Gold Ltd.
Richard Drechsler
President and CEO
Tel: (604) 687-2522
This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.
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 news release.
SOURCE: Trifecta Gold Ltd.
Silver North Reviews 2023 Activities and 2024 Plans
https://thenewswire.com/press-releases/1AG9FjpPd-silver-north-reviews-2023-activities-and-2024-plans.html
Vancouver, BC – TheNewswire - February 29, 2024 – Silver North Resources Ltd. (TSXV:SNAG), (OTC:TARSF) (“Silver North” or the “Company”) is pleased to provide a summary of accomplishments in 2023 and its strategy and plans for 2024, including its flagship Haldane Silver Property in the historic Keno Hill District, Yukon and its Tim Silver Property, currently under option to Coeur Mining, Inc. (“Coeur”). With two high grade silver projects slated for drilling and management actively seeking new silver exploration opportunities, Silver North is planning for a busy 2024.
Focus on Silver
After a strategic review of the Company’s robust exploration portfolio in 2023, management undertook the transition to focus on silver assets. With the increasing industrial demand for silver, largely driven by the green energy movement and two key high grade silver projects in the portfolio, there resided an opportunity to strategically position the Company as a silver explorer. To this end, Alianza Minerals Ltd. was rebranded to Silver North Resources Ltd, reflecting this focus on silver in North America, and in particular, its Haldane and Tim silver properties, both located in Canada’s Yukon Territory.
Mark T. Brown, Executive Chairman of Silver North commented, “Industrial demand for silver has increased drastically in recent years, largely due to silver’s excellent thermal and electrical conductivity and reflective properties. As a result, silver has become an essential component of green and high technological applications. The US Energy Information Administration forecasts that solar power generation will see the largest growth profile among electrical generation technologies through 2050. The solar power industry demand for silver in 2024 accounted for approximately 30% of all industrial demand and this is only expected to grow.”
This new focus on silver discoveries through exploration led management to embark on divesting its remaining project portfolio by selling projects or relinquishing claims as they came due for renewal. The remaining projects in the portfolio continue to be marketed for option/jv or outright sale.
This includes assets in Colorado such as the Twin Canyon Gold project, a district scale sedimentary hosted gold target in close proximity to the La Plata copper porphyry system currently being explored by Metallic Minerals Ltd. and its investing partner Newmont Mining. Management was successful in obtaining the necessary approvals from the United States Forest Service permitting the Company to conduct a 9 hole (from 8 drill pads) reverse circulation drilling program totalling approximately 3,350 m of drilling. Drilling will test portions of a 3 km long gold-in-soil geochemical anomaly coincident with prospective stratigraphy known to host gold mineralization. The Charlene Mine, a small underground operation worked as late as the 1980s, anchors the known gold mineralization. Twenty-eight historic channel samples 1.5 to 10 metres in length were anomalous in gold, eight of which exceeded 2 g/t gold (including a highlight of 8.1 g/t gold over 3 metres). With a permit to conduct drilling in hand, this project provides an excellent opportunity for a gold-focussed explorer to take advantage of first-mover status and investigate the potential for regional-scale gold mineralization in a new district. As such, Silver North is actively seeking a partner to continue to advance the Twin Canyon target.
Management also continues to market the Klondike and Stateline copper projects in southwest Colorado, where exploration has targeted sediment-hosted copper mineralization similar to that currently being mined at the Lisbon Valley copper mine, 8 km along trend of the Stateline property. Drilling at Klondike in 2022, funded by an option partner, was not able to test the targeted fault structures thought to be the fluid conduits for copper mineralization noted on surface, however, one drill hole intersecting a fault splay returned 4.26% Cu over 1.06 m – an encouraging indication that the main target fault may indeed host copper mineralization. Silver North successfully obtained a four year extension of the Mining Lease at Klondike, giving the Company the exclusive right to explore the lease area for an additional 4 years by the Colorado State Land Board in 2023.
Management was successful in obtaining a five-year Class 3 Mining Land Use permit in June of 2023 for the Tim project in Yukon, enabling partner Coeur Mining, the operator at Tim under our option agreement, to conduct drilling and trenching. Coeur is expected to undertake the initial phase of drilling in 2024 and further details of this estimated $700,000 program are expected to be announced early in 2024.
Outlook for 2024
While the outlook for silver demand bodes well for silver price forecasts, the markets have not yet reacted significantly. Silver North will continue to advance Haldane and Tim and will also continue to evaluate new silver exploration opportunities that may be available due to current market conditions. Management is actively reviewing a number of strategic acquisition opportunities and will report on them if and when any are concluded.
Haldane Silver Property, Keno Hill District, Yukon
Management has outlined a six-hole diamond drilling program for the Haldane Project in 2024. This program will target the extensions of high-grade silver mineralization at the West Fault Zone, a new discovery made in 2021. The initial discovery hole intersected 8.7 m (true width) of 311 g/t silver, 0.89% lead, and 1.13% zinc, with subsequent intersections returning strong grades and widths including 3.14 m (true width) of 1,351 g/t silver, 2.43% lead, and 2.91% zinc. Nine holes have identified this mineralization over a 90 m by 100 m vein zone along strike and down dip. It is believed that this mineralization continues along strike and to depth along a southwest plunge direction. The 2024 program will test this southwest plunge with 4 holes on 50 metre step outs.
A single drill hole is designed to test along strike to the south at the West Fault where two historic drillholes returned 3.04 m of 191 g/t silver and 0.58 m of 136 g/t silver near surface. The hole will test the West Fault deeper below the zone of oxidation and then continue to intersect the Main Zone Fault to the east where a historic drill hole intersected 3.08 m of 83.8 g/t silver in the subsurface at the overburden – bedrock interface. Surface sampling of the Main Zone in the vicinity of the drillhole returned 223 g/t silver over 3.6 m.
Drilling will also investigate the Bighorn Target, a new discovery in 2019 where the only hole testing a 900 metre-long silver-lead soil geochemical anomaly returned 126 g/t silver over 2.35 metres. Follow up mapping and trenching has identified the Bighorn vein structure over 525 metres of strike in trenching and drilling and the Bighorn target is considered highly prospective to host high grade “Keno-style” silver vein mineralization.
Additional exploration at Haldane may include further trenching and airborne geophysics to help refine exploration targets, identify potential new vein structures and extend known structures.
Recent changes in the Keno District, including Hecla Mining Company’s (“Hecla”) acquisition of the Keno Hill mine complex and subsequent strong exploration results are expected to have a strong positive impact on the district, including discovery stage projects like Haldane. According to a recent press release (February 13, 2024), Hecla reports it has increased reserves by 45% since its acquisition of Keno in September, 2022. Haldane shares a claim border with Hecla’s Keno Hill claims and is approximately 25 kilometers from Hecla’s mine complex.
Tim Property, Silvertip-Midway District, Yukon
Silver North’s wholly owned Tim Property is currently under option to Coeur and is located approximately 19 km north of Coeur’s Silvertip Mine Property. Exploration at Tim is targeting silver-lead-zinc Carbonate Replacement Deposits (CRD) similar to that found at Silvertip. Coeur is funding exploration under an option agreement which was adjusted in 2023 to account for delays in permitting. The terms of the agreement include that Coeur can earn a 51% interest in the Tim Property by completing all exploration expenditures and cash payments due by December 31, 2026, which will total at least $3.55 million and $425,000 in cash payments respectively, and that Coeur can bring its interest up to 80% by making additional cash payments of $100,000 per year in 2027 and 2028, completing a positive feasibility study and informing Silver North by December 16, 2028, of Coeur’s intention to develop a mine on the property. With a five-year permit now in hand, Coeur has agreed to fund a minimum $700,000 program in 2024 and Management expects that to include drill testing high grade silver mineralization found in trenches dating back to the mid-1980s. Resampling of these trenches by Coeur yielded results of 468.1 g/t Ag, 21.1% Pb, 0.3% Zn over 4.0 metres and 265.0 g/t Ag, 6.7% Pb, 0.9% Zn over 8.8 metres. Coeur is finalizing the work plan for the 2024 program which is scheduled to start in June. Once the program has been fully defined, the work plan will be announced.
About Silver North Resources Ltd.
Silver North’s primary assets are its 100% owned Haldane silver project and the Tim silver project (under option to Coeur Mining, Inc.). Silver North also holds non-core gold and base metal projects in Yukon Territory, Colorado and Nevada and is actively seeking to divest them. Silver North also holds certain royalties on projects in North and South America.
The Company is listed on the TSX Venture Exchange under the symbol “SNAG” and trades on the OTCQB market in the US under the symbol “TARSF”.
For further information, contact:
Jason Weber, President and CEO
Sandrine Lam, Shareholder Communications
Tel: (604) 807-7217
Fax: (888) 889-4874
To learn more visit: www.silvernorthres.com
Twitter/X: https://twitter.com/SilverNorthRes
LinkedIn: https://www.linkedin.com/company/silvernorth-res-ltd/
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. STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.
Strategic Metals/Benjamin Hill Mining Intercepts 211.65 Metres Of 0.46 Grams/Tonne Gold In Maiden Drill Program At The Alotta Gold-Copper-Molybdenum Project, Yukon
https://www.accesswire.com/837554/strategic-metals-partner-benjamin-hill-mining-intercepts-21165-metres-of-046-gramstonne-gold-in-maiden-drill-program-at-the-alotta-gold-copper-molybdenum-project-yukon
Thursday, 29 February 2024 08:30 AM
VANCOUVER, BC / ACCESSWIRE / February 29, 2024 / Strategic Metals Ltd. (TSXV:SMD
Sitka Gold Mobilizes Crew and Equipment to its RC Gold Project in Yukon
https://thenewswire.com/press-releases/1k3wF0Za6-sitka-gold-mobilizes-crew-and-equipment-to-its-rc-gold-project-in-yukon.html
VANCOUVER, CANADA – TheNewswire - February 27, 2024 - Sitka Gold Corp. (“Sitka” or the “Company”) (CSE:SIG) (FSE:1RF) (OTC:SITKF)
Gladiator Metals: Additional Rig Mobilized, Target Significant Large-scale Magnetic Anomalies
https://www.newsfilecorp.com/release/199444
February 27, 2024 7:30 AM EST | Source: Gladiator Metals Corp.
Fireweed Makes Complete Drill Database Available and Launches New Website
https://ca.finance.yahoo.com/news/fireweed-makes-complete-drill-database-123000450.html
Fireweed Metals Corp.
Tue, February 27, 2024 at 4:30 a.m. PST·16 min read
FWEDF
-1.47%
VANCOUVER, British Columbia, Feb. 27, 2024 (GLOBE NEWSWIRE) -- FIREWEED METALS CORP. (“Fireweed” or the “Company”) (TSXV: FWZ; OTCQB: FWEDF; FSE: M0G) is pleased to report that an integrated dataset containing all previously released Fireweed and historical drilling data from the Macmillan Pass (“Macpass”) Project, Yukon, Canada, is now available on a newly launched website.
Highlights
A drill database containing zinc, lead, and silver assays, and bulk density information for the Macpass Project can now be reviewed and downloaded from Fireweed’s website.
A table is provided that includes the downhole intervals of the stratiform mineralized zones at Tom, Jason, End Zone and Boundary Zone.
A new-look website has been launched, including updated project and corporate information.
CEO Statement
Brandon Macdonald, CEO, stated, “In the interest of complete transparency, our Macpass drilling data are now available on our website in an accessible format. We firmly believe in the robust nature of our project, and we are putting all our drillholes and all historical drillholes out there for everyone to see and freely access. We will shortly commence a Mineral Resource Estimate that will include an update of the Tom and Jason resource, in addition to the inaugural resource update for our new discovery, Boundary Zone.”
Fireweed Drill Database
The Fireweed drill database and 3D viewers can be accessed at fireweedmetals.com/macpass-project/.
Fireweed’s updated website can be accessed at fireweedmetals.com.
About Fireweed Metals Corp. (TSXV: FWZ; OTCQB: FWEDF; FSE: M0G): Fireweed Metals is a public mineral exploration company on the leading edge of Critical Minerals project development. Fireweed is well-funded, with a healthy balance sheet, and has three projects located in Canada:
Macpass Project (Zinc-Lead-Silver): Fireweed owns 100% of the district-scale 940 km2 Macmillan Pass (“Macpass”) Project in Yukon, Canada, which is host to one of Earth’s largest undeveloped resources of zinc**, a Critical Mineral. The Tom and Jason zinc-lead-silver deposits have current Mineral Resources1 (11.21 Mt Indicated Resource at 6.59% zinc, 2.48% lead, and 21.33 g/t silver; and 39.47 Mt Inferred Resource at 5.84% zinc, 3.14% lead, and 38.15 g/t silver) and a Preliminary Economic Assessment2 (PEA). In addition, Boundary Zone, Tom North, Tom South, and End Zone have significant zinc-lead-silver mineralization drilled but not yet classified as mineral resources. The Project also includes large blocks of adjacent claims with known showings and significant upside exploration potential.
Mactung Project (Tungsten): Fireweed owns 100% interest in the 37.6 km2 Mactung Project located adjacent to the Macpass Project. Recently announced Mineral Resources for Mactung (41.5 Mt Indicated Resource at 0.73% WO3 and 12.2 Mt Inferred Resource at 0.59% WO3)3 make it the world’s largest high-grade resource of the Critical Mineral tungsten**. Located in Canada, it is one of the rare large tungsten resources outside of China**.
Gayna Project (Zinc-Lead-Gallium-Germanium): Fireweed owns 100% of the 128.75 km2 Gayna Project located 180 km north of the Macpass Project. It is host to extensive mineralization including Critical Minerals zinc, gallium and germanium as well as lead and silver, outlined by 28,000 m of historical drilling. A recent reevaluation of the geology supported by recent ground gravity geophysics results, soil surveys, and high grade rock samples, indicate drill targets with potential for high-grade Kipushi-style massive sulphide mineralization.
Qualified Person Statement
Technical information in this news release has been approved by Fireweed’s VP Geology, Dr. Jack Milton, P.Geo. (BC), a ‘Qualified Person’ as defined under Canadian National Instrument 43-101.
In Canada, Fireweed (TSXV: FWZ) trades on the TSX Venture Exchange. In the USA, Fireweed (OTCQB: FWEDF) trades on the OTCQB Venture Market (www.otcmarkets.com) and is DTC eligible for enhanced electronic clearing and settlement. In Europe, Fireweed (FSE: M0G) trades on the Frankfurt Stock Exchange.
Additional information about Fireweed and its projects can be found on the Company’s website at FireweedMetals.com and at www.sedarplus.com.
ON BEHALF OF FIREWEED METALS CORP.
“Brandon Macdonald”
CEO & Director
Contact: Brandon Macdonald
Phone: (604) 646-8361
Email: info@fireweedmetals.com
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.
Cautionary Statements
Forward Looking Statements
This news release contains “forward-looking” statements and information (“forward-looking statements”). All statements, other than statements of historical facts, included herein, including, without limitation, statements relating to mineral resource estimates, future work plans, the use of funds, and the potential of the Company’s projects, are forward looking statements. Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”, and similar expressions, or statements that events, conditions, or results “will”, “may”, “could”, or “should” occur or be achieved. Forward-looking statements are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company management and reflect the beliefs, opinions, and projections on the date the statements are made. Forward-looking statements involve various risks and uncertainties and accordingly, readers are advised not to place undue reliance on forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include but are not limited to, exploration and development risks, unanticipated reclamation expenses, expenditure and financing requirements, general economic conditions, changes in financial markets, the ability to properly and efficiently staff the Company’s operations, the sufficiency of working capital and funding for continued operations, title matters, First Nations relations, operating hazards, political and economic factors, competitive factors, metal prices, relationships with vendors and strategic partners, governmental regulations and oversight, permitting, seasonality and weather, technological change, industry practices, uncertainties involved in the interpretation of drilling results and laboratory tests, and one-time events. The Company assumes no obligation to update forward-looking statements or beliefs, opinions, projections or other factors, except as required by law.
Data Description
Fireweed has compiled a collection of digital data and files that relate to drilling and exploration at their Macpass Project, Yukon, including but not limited to a drilling database, cross sections, and topography models (“The Dataset”), that are available for download on the Macpass Project page at https://fireweedmetals.com/macpass-project/.
The Dataset includes all drilling assay results for zinc, lead, and silver, and bulk density results on a sample-by-sample basis, previously disclosed as summaries or composite intervals within Fireweed News Releases, in addition to results from historical drill campaigns by previous project owners and operators. While Fireweed has made best efforts to validate and verify the data using the methods described below, the accuracy, completeness, or reliability of The Dataset cannot be guaranteed. Users are advised to exercise caution and discretion in relying on the information contained in The Dataset for any purpose.
An interpretation table is included to provide geological context to assay values. This table represents a current preliminary interpretation of the geology and is subject to change. The interpreted data include zones of stratiform mineralization that are interpreted to form mineralization domains at Tom, Jason, End Zone, and Boundary Zone, and a description of each domain is given within the data files. At Boundary Zone, abundant zinc mineralization exists outside of the stratiform intervals, including vein and breccia mineralization that forms within a halo, approximately 100 to 150 metres from the Boundary Zone stratiform zones.
Qualified Person Statement
The information within The Dataset has been verified for Fireweed (2017-2023) era data, includes some historical data that has not been possible to fully verify, and was compiled under the supervision of Dr. Jack Milton, P.Geo. (BC), VP Geology Fireweed Metals, a ‘Qualified Person’ as defined under Canadian National Instrument 43-101.
Data Verification
Fireweed 2017-2023 diamond drill core logging and sampling programs were carried out under rigorous quality assurance / quality control programs using industry best practices. Fireweed diamond drill holes are HQ, HQ3, NQ, or NQ2 size core with recoveries typically above 85%. After drilling, core was cleaned, logged for geology, structure, and geotechnical characteristics, then marked for sampling and photographed on site. Certain cores were selected for core scanning. The cores for analyses were marked for sampling based on geological intervals with individual samples 2 m or less in length, with 1 m samples within mineralized zones. Drill core was cut lengthwise in half with a core saw; half-core was sent for assay, and the other half is stored on site for reference. Some drill holes were selected for metallurgical test work and for these holes, quarter core was sent for assay. Bulk density was determined on site for the entire length of each assay sample by measurement of dry mass in air and mass in water. Sample duplicate bulk density determinations and in-house bulk density standard determinations were each made at a rate of 5%. Since 2017, four in-house bulk density standards (mineralized drill core from the Tom deposit that span a range of densities) have been used and show an acceptable long-term precision. Certified standard masses are used to calibrate the scale balance used for bulk density determinations.
A total of 26 holes in 2019 and 2020 were drilled by a reverse circulation (RC) drill, producing RC cuttings that were sampled using a riffle splitter at the drill rig. A small split was archived in trays and logged for geological characteristics. Samples were sent to Bureau Veritas laboratory for preparation and assays, being pulverized and analyzed in the same way as diamond drill core detailed below. Specific gravity was measured on RC pulp samples using the gas pycnometer at Bureau Veritas (noted as LAB-SPG04 in the database).
A total of 5% assay standards or blanks and 5% core duplicates are included in the sample stream as a quality control measure and are reviewed after analyses are received. Standards and blanks in 2017-2023 drill results have been approved as acceptable. Duplicate data add to the long-term estimates of precision for assay data on the project and precision for drill results reported is deemed to be within acceptable levels.
With the exception of samples from NB23-030 and NB23-031, 2017-2023 samples were sent to the Bureau Veritas (BV) preparation laboratory in Whitehorse, Yukon, where the samples were crushed and a 500 g split was sent to the BV laboratory in Vancouver, B.C. to be pulverized to 85% passing 200 mesh size pulps. Clean crush material was passed through the crusher and clean silica was pulverized between each sample. The pulps were analyzed by 1:1:1 aqua regia digestion followed by Inductively Coupled Plasma Mass Spectrometry (ICP-ES/ICP-MS) multi-element analyses (BV Code AQ270). All 2018-2023 samples were also analyzed for multiple elements by lithium borate fusion and X-ray fluorescence analysis (XRF) finish (BV Code LF725); over-limit lead (>25%) and zinc (>24%) were analyzed by lithium borate fusion with XRF finish (BV Code LF726). For the 2017 drill program, samples with AQ270 elevated values of lead (>4%) and zinc (>8%) were further analysed by multi acid digestion with atomic absorption spectroscopy (AAS) finish (BV Code MA404) and barium was analysed on a separate pulp split at MS Analytical in Langley, BC, using lithium borate fusion with acid digestion and ICP-ES finish (MS Code WRA-3Ba). Historical Tom and Jason core resampled in 2017 was analysed using AQ370, another aqua regia digestion with ICP-ES finish with higher detection limits for some elements than AQ270. For Fireweed’s BV samples, silver is reported in this database by method AQ270, and zinc and lead are reported by LF725 or LF726, or for 2017 samples by AQ270 up to 4% lead or 8% zinc, or MA404 for over-limit samples. Any 2017 samples with higher over-limit lead (>20% in MA404) or zinc (>30% in MA404) are reported by classical titration methods GC817 or GC816 respectively. Samples from NB23-030 and NB23-031 were sent to AGAT labs in Calgary, Alberta. Samples were crushed, and then a 500 g split was pulverized to 90% passing 75 microns. Clean crush material was passed through the crusher and clean silica was pulverized between each sample. The pulps were analyzed by aqua regia digestion followed by Inductively Coupled Plasma Mass Spectrometry (ICP-OES/ICP-MS) multi-element analyses (AGAT Code 201-074). All samples were also analyzed for multiple elements by lithium borate fusion and X-ray fluorescence analysis (XRF) finish (AGAT code 11-323). For AGAT samples, silver is reported in this database by method 201-074, and zinc and lead are reported by 11-323. Bureau Veritas (Vancouver) and AGAT (Calgary) are independent, international ISO/IEC 17025:2017 accredited laboratories.
The database includes all exploration drillholes known to have been drilled on the Macmillan Pass project except for drill holes from the Oro showing. All historical (pre-Fireweed) drill holes were diamond drill holes of HQ, NQ, BQ, BX, or AX size. Analytical methodology is not available for all historical drill holes and previous laboratories include Bondar Clegg and Company Ltd, Chemex Labs, Cominco's Exploration Research lab, and the Hudson Bay Mining and Smelting lab, all independent to Fireweed. The Cominco Exploration Research lab and Hudson Bay Mining and Smelting lab were not independent of Cominco and Hudson Bay Mining and Smelting company when they operated their respective drill programs.
A Tom-Jason resampling program by Fireweed in 2017 confirmed that historical assay data can be relied upon and details of Tom-Jason historical drilling and the data verification program can be found in Fireweed Technical Report “NI 43-101 Technical Report on the Macmillan Pass Zinc-Lead-Silver Project, Watson Lake and Mayo Mining Districts Yukon Territory, Canada” filed on https://www.sedarplus.ca/ on February 23, 2018.
A Boundary Zone resampling program was carried out by Fireweed in 2022-2023. A selection of core drilled by Cominco at Boundary Zone between 1982 and 1991 was resampled to validate historical assays. A total of 174 core samples representing 10% of historical samples were collected from four holes, drilled in 1983, 1984, 1989 and 1990. The resampling program verified historical assay values and detected no significant bias, with some scatter attributed to the poor condition of core boxes and markings that resulted in slight mismatches between original and re-assayed depth intervals. While there are few records available for the Cominco drilling, core-handling, QAQC, or analytical methodologies, the resampling program provided sufficient confidence to validate the historical assay data as adequate.
Very little QAQC data are available for pre-Fireweed programs, and historical data have been verified wherever possible by going back to original sources to ensure accuracy of database records, as well as by resampling and re-assaying a small subset of historical core and drilling five twin holes at Tom to verify certain historical results. Original historical assay certificates were not available for many historical drill holes, and for these drill holes Fireweed were unable to verify assay data beyond transcriptions of assay values located within historical drilling logs and records. Assay values have been replaced by half of an assumed detection limit for historical assays where the detection limit was not originally recorded.
Collar locations of historical drill holes were measured using differential GPS where collars could be confidently located in the field; 40 of 300 collars were not located, and locations were estimated within ground disturbances related to drill pads. The collars of Tom underground drill holes were not accessible, and coordinates were taken from historical survey records. Downhole survey information was transcribed from historical drill logs and used without further validation; negative dips point down; azimuths are given relative to a NAD83 UTM zone 9N grid north reference. Topographic data for selected areas are given as a digital elevation model derived from LiDAR elevation data flown in surveys 2017-2019 using RTK GPS control points, and down sampled to a coarser resolution.
Historical bulk density and recovery were transcribed from drill logs where available. A core recovery rating is provided for each sample in the database based on the recorded recovery for the run containing the sample. Samples with <=85% recovery are indicated in the dataset. Where sample intervals spread across more than one run, the sample interval was assigned the lowest recovery rating of the runs. Bulk density was not routinely recorded for all historical drill holes; recovery data were recorded for the majority of historical drill holes and following transcription were used without further validation. During a relogging program in 2018-2019, Fireweed measured bulk density on historical drill core from Tom, Jason, and Boundary Zone holes and confirmed original recorded values can be relied upon. For approximately 20% of samples, bulk density measurements were not available for drill core, or only small (10-20 cm) spot samples have been measured. Regressions were developed using measured bulk density values against assay values to approximate bulk density for the samples with no full-sample measured bulk density values. Where spot samples were available, those were compared and found to have approximate agreement but often over-estimate bulk density so regressed values are used to reduce bias introduced by spot sample selection. Regressed values were calculated based on zinc, lead, barium, iron, and copper assays. Around 30% of regressed samples had data for all elements; for those missing data for one or more of these elements, half of assumed detection limit values were assigned, resulting in a conservative regressed estimate of bulk density. Field-measured (MEAS) or regressed (REG) bulk density values are indicated in the database, or LAB-SPG04 where measured on RC pulp samples using a gas pycnometer at Bureau Veritas’ laboratory.
For further information regarding the drilling results, interpretations of the exploration information, estimated true width information, analytical information, and the QAQC measures please see Fireweed Metals Corp. (formerly Fireweed Zinc Ltd.) news releases between 2017-2024 filed on SEDAR+ at https://www.sedarplus.ca/.
Disclaimer
Fireweed is not responsible for misuse or manipulation of data, or for any interpretations based on The Dataset. Users agree to use The Dataset for their own purposes only. Fireweed disclaims any liability for any damages, losses, or claims arising out of or in connection with the use of The Dataset.
By accessing, downloading, or using The Dataset, users acknowledge and agree to the terms of this disclaimer. If you do not agree with these terms, refrain from using The Dataset.
Footnotes and References
** References to relative size and grade of the Mactung resources and Macpass resources in comparison to other tungsten and zinc deposits elsewhere in the world, respectively, are based on review of the Standard & Poor’s Global Market Intelligence Capital IQ database.
1: For details, see https://www.sedarplus.ca/ Fireweed Technical Report titled “NI 43-101 Technical Report on the Macmillan Pass Zinc-Lead-Silver Project, Watson Lake and Mayo Mining Districts Yukon Territory, Canada” filed on https://www.sedarplus.ca/ on February 23, 2018, and Fireweed News Release dated January 10, 2018. Leon McGarry, P.Geo., Senior Resource Geologist for CSA Global Canada Geosciences Ltd. is independent of Fireweed Metals Corp. and a ‘Qualified Person’ as defined under Canadian National Instrument 43-101. Mr. McGarry is responsible for the Macpass Mineral Resource Estimate.
2: For details, see https://www.sedarplus.ca/ Fireweed Technical Report titled “NI 43-101 Technical Report Macmillan Pass Project Yukon Territory Canada” filed on https://www.sedarplus.ca/ on July 9, 2018, and Fireweed News Release dated May 23, 2018. This Technical Report includes a Preliminary Economic Analysis (PEA) disclosing an economic analysis of mineral resources that is preliminary in nature and does not include any mineral reserves. It is equally emphasized that the mineral resources disclosed within this Technical Report are not mineral reserves and do not have demonstrated economic viability. Michael Makarenko, P.Eng., Project Manager for JDS Energy and Mining, Inc., is independent of Fireweed Metals Corp. and a ‘Qualified Person’ as defined under Canadian National Instrument 43-101. Mr. Makarenko is responsible for the PEA results.
3: For details, see Fireweed news release dated June 13, 2023 “Fireweed Metals Announces Mineral Resources for the Mactung Project: the Largest High-Grade Tungsten Deposit in the World” and the technical report entitled “NI 43-101 Technical Report, Mactung Project, Yukon Territory, Canada,” with effective date July 28, 2023 filed on https://www.sedarplus.ca/. Garth Kirkham, P.Geo. is independent of Fireweed Metals Corp., and a ‘Qualified Person’ as defined under Canadian National Instrument 43-101. Garth Kirkham, of Kirkham Geosystems Limited., is responsible for the Mactung Mineral Resource Estimate.
White Gold Discovers 1 km Long Gold-In-Soil Anomaly 9 km Northwest of Its VG Deposit, White Gold District, Yukon, Canada
https://ca.finance.yahoo.com/news/white-gold-corp-discovers-1-120000968.html
White Gold Corp.
Thu, February 22, 2024 at 4:00 a.m. PST
Victoria Gold: 2023 Fourth Quarter and Full Year Results
https://ca.finance.yahoo.com/news/victoria-gold-2023-fourth-quarter-001800930.html
Victoria Gold Corp
Tue, February 20, 2024 at 4:18 p.m. PST·22 min read
VITFF
-8.40%
TORONTO, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Victoria Gold Corp. (TSX-VGCX)
Snowline Gold Locates New Reduced-Intrusion Related Gold Target With Outcrop Samples to 2.0 Grams per Tonne Gold Over 17.0 M Within Open 2 km Soil Anomaly at Its Rogue Project, Yukon
https://www.accesswire.com/834997/snowline-gold-locates-new-reduced-intrusion-related-gold-target-with-outcrop-samples-to-20-grams-per-tonne-gold-over-170-m-within-open-2-km-soil-anomaly-at-its-rogue-project-yukon
Tuesday, 20 February 2024 06:00 AM
Newly discovered 2,000 m by 500 m zone of anomalous gold values in soil and talus fines samples on Rogue Project's "Aurelius" target, 12 km northwest of Valley target
Two outcrop chip samples average 2.01 g/t Au over 17.0 m and 2.31 g/t Au over 14 m respectively (true widths unknown)
Mineralization hosted in altered sedimentary and volcanic rocks near outcropping granodiorite.
VANCOUVER, BC / ACCESSWIRE / February 20, 2024 / SNOWLINE GOLD CORP (TSXV:SGD)(OTCQB:SNWGF) (the " Company " or " Snowline ") is pleased to announce discovery of a new reduced-intrusion related gold system (RIRGS) target 12 km from its Valley discovery on its Rogue Project in the Yukon Territory, Canada. Analytical results received from the 2023 surface exploration program at the Company's new Aurelius target reveal an open, 2,000 m long by up to 500 m wide zone of anomalous gold values in talus fines and soils, with concentrations of up to 14.9 g/t Au complemented by anomalous values for RIRGS pathfinder elements bismuth and tellurium. Rock chip samples from outcrops roughly 235 m apart averaging 2.01 g/t Au over 17.0 m (open) and 2.31 g/t Au over 14.0 m (true widths not known) demonstrate the potential for significant scale and a local source to the anomaly. Based on these results, Aurelius is a high priority exploration target at Rogue and a potential drill target in Snowline's upcoming 2024 exploration program.
Figure 1 - Plan view of the Aurelius anomaly , showing the open extent of anomalous gold values in surface geochemistry and the location of the continuous rock chip samples. The presence of outcropping granodiorite in the vicinity of the anomaly, along with widespread magnetic highs suggest that an intact, causative intrusion may be located near surface. Background colours show geology, with green and orange units showing volcanic rocks (andesites and tuffs), while shades of yellow show sedimentary rocks (sandstones and siltstones). White areas are covered and/or have not been mapped.
"We are excited to see such strong and consistent gold numbers from the field team's discovery at Aurelius," said Scott Berdahl, CEO & Director of Snowline. "The scale, consistency and geochemistry of the surface anomaly-which remains open-demonstrates a strong gold-bearing hydrothermal system driven by a nearby intrusion. The outcrop samples show that the country rock hosts gold mineralization, a typical feature of reduced-intrusion related gold systems. Thus, we have two immediate exploration targets: country rock-hosted mineralization directly outcropping at Aurelius and driving the gold anomalism over a large area, and the potential for an intact, near-surface Valley-like intrusion-hosted target. Valley itself is visible from the new target along a prominent structural corridor that connects the two locations-we consider Aurelius a prospective location for a sibling discovery."
Figure 2 - Location map showing Aurelius relative to Valley and other drilled, gold-bearing RIRGS targets on Snowline's Rogue Project. The new target is on trend with a prominent linear northwest-southeast trending valley that hosts Snowline's Valley discovery.
Grid and contour sampling of talus fine and soils at Aurelius delineates an open, 2,000 x 500 m zone of consistently elevated to anomalous gold concentrations, to a maximum of 14.9 g/t Au in talus fines. Eighty-nine of 192 samples (46%) returned >0.05 g/t Au, with 62 of these exceeding 0.1 g/t Au. Strong results along the southern, southeastern and northwestern limits of the survey suggest potential for a larger target area, as do anomalous talus fine results to the southwest of the main anomaly (Figure 1) and high gold values in historical stream sediment samples from surrounding drainages. Gold values at Aurelius have elevated bismuth (up to 352 ppm) and tellurium (up to 21.9 ppm) values along with generally low levels of arsenic-a geochemical signature similar to that of Snowline's Valley discovery. Elevated to anomalous concentrations of tungsten, silver, lead and copper are also present and correlate with gold.
Two exposed outcrops at Aurelius were sampled by continuous rock chip sampling, across distances of 100 m and 22 m respectively (Figure 1). The outcrops themselves are roughly 235 m apart. The 100 m section, sampled in 2 m subsections, returned a continuously mineralized interval of 14.0 m averaging 2.31 g/t Au and 21.1 g/t Ag, including 4.0 m @ 3.59 g/t Au and 10.2 g/t Ag, and 2.0 m @ 5.49 g/t Au and 82.9 g/t Ag, along with other zones of elevated gold values (0.1 g/t to 0.4 g/t Au, with one additional 2.0 m subsection @ 3.48 g/t Au). The 22 m section, sampled in 1 m subsections, returned a continuously mineralized interval of 17.0 m averaging 2.01 g/t Au, including 2.0 m @ 4.22 g/t Au, and 2.0 m @ 4.94 g/t Au at the open edge of the 22 m section. These rock chip samples were taken by hand using rock hammers and are thus not as representative as drill core samples. True widths for the mineralized intervals are not known, but the samples were oriented nearly perpendicular to north-south and northeast-southwest structures that appear to control mineralization.
Figure 3 - Plan view showing relative locations of the two continuous outcrop chip samples taken at Aurelius . Both samples come from a tuff unit that caps a prominent east-west ridge top in the southern part of the larger geochemical anomaly.
Aurelius is underlain by a sequence of interlayered Paleozoic sedimentary and volcanic rocks, cut by steeply dipping north-south and northeast-southwest structures and altered by fluids from subsequent emplacement of intrusive rocks (Figures 1 and 3). Alteration takes the form of silicification, clay alteration associated with the structures and hornfels in sedimentary rocks. The highest gold values are associated with pervasive silicification in tuff sequences. The target sits 4.5 km west of the mid-Cretaceous Old Cabin Pluton. Airborne magnetics and the observation of outcropping granodiorite roughly 600 m west of the target highlight the presence of additional intrusive rocks in the vicinity of the anomaly, and the potential for a Valley-style mineralized intrusion located near surface at Aurelius.
The Company plans to follow up on the target aggressively in 2024, with additional surface sampling and mapping, an airborne ZTEM geophysical survey to assist in targeting, and potentially Phase I drilling.
Historical work at Aurelius is sparse. The "Horn" mineral occurrence (Yukon Minfile 105O 010) roughly 1 km west of Aurelius was noted and sampled as a copper occurrence in 1970. In 1982, two soil lines intersected parts of the anomaly, returning high gold values that have not been directly verified by the Company. Snowline had previously identified the broader area west of the Old Cabin pluton, including Aurelius, as a primary target area for exploration based on historical results and magnetic anomalism. The discovery of Aurelius marks the delineation of a new RIRGS target on the Rogue Project.
With steep, rocky terrain and poor soil development on parts of Aurelius, many surface geochemistry samples are classified as talus fines. Talus fines samples are produced by mechanical weathering of rocks and are less modified by chemical weathering than typical soils. Some elements in talus fine samples may have stronger geochemical responses than soils from over a bedrock geochemical anomaly. Talus fine samples are also more susceptible to a sampling bias wherein more easily weathered mineralized zones, such as sulphide-rich veins, can contribute a larger portion of the talus fine sediment load than the more durable and relatively barren country rock, resulting in a concentration of associated elements like gold.
ABOUT ROGUE
Snowline's flagship Rogue Project hosts the Valley target, a newly discovered, bulk tonnage style, reduced intrusion-related gold system (RIRGS), with geological similarities to multi-million-ounce deposits currently in production such as Kinross's Fort Knox Mine in Alaska and Victoria Gold's Eagle Mine in the Yukon. Early drill results demonstrate unusually high gold grades for such a system, present near surface across drill intersections of hundreds of metres. Gold is associated with bismuthinite and telluride minerals hosted in sheeted quartz vein arrays within and along the margins of a one-kilometer-scale, mid-Cretaceous aged Mayo-suite intrusion. Valley is an early-stage exploration project without a resource estimate, and while initial results are encouraging, the presence or absence of an economically viable orebody cannot be determined until additional work is completed.
The Rogue Project area hosts multiple intrusions that are geologically similar to Valley along with widespread gold anomalism in stream sediment, soil and rock samples. Elsewhere, RIRGS deposits are known to occur in clusters. The Rogue Project is considered by the Company to have district-scale potential for additional reduced intrusion-related gold systems.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration company with an eight-project portfolio covering >333,000 ha. The Company is exploring its flagship >94,000 ha Rogue gold project in the highly prospective yet underexplored Selwyn Basin. Snowline's project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits including Kinross's Fort Knox Mine, Newmont's Coffee deposit, and Victoria Gold's Eagle Mine. The Company's first-mover land position and extensive database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.
Figure 4 - Project location map for Snowline Gold's eastern Selwyn Basin properties: Rogue, Einarson, Ursa, Cynthia and Olympus. The Valley target is one of several prospective reduced intrusion-related gold targets on the broader 30 x 60 km Rogue Project.
QUALIFIED PERSON
Information in this release has been prepared under supervision of and approved by J. Scott Berdahl, M.Sc., P. Geo., CEO & Director of Snowline Gold Corp, as Qualified Person for the purposes of National Instrument 43-101.
ON BEHALF OF THE BOARD
Scott Berdahl
CEO & Director
For further information, please contact:
Snowline Gold Corp.
+1 778 650 5485
info@snowlinegold.com
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.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including statements regarding the significance of analytical results, the discovery potential within the Valley intrusion, the potential for investors to participate in multiple future discoveries, the Rogue project having district-scale prospectivity, the creation of a new gold district and the Company's future plans 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. Such factors include, among other things: risks related to uncertainties inherent in drill results and the estimation of mineral resources; and risks associated with executing the Company's plans and intentions. 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, the Company 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 the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
SOURCE: Snowline Gold Corp.
CANTEX CONFIRMS ELEVATED GERMANIUM RESULTS ALONG ENTIRE MAIN ZONE STRIKE LENGTH ON ITS 100% OWNED NORTH RACKLA PROJECT, YUKON
https://www.newswire.ca/news-releases/cantex-confirms-elevated-germanium-results-along-entire-main-zone-strike-length-on-its-100-owned-north-rackla-project-yukon-817447677.html
Cantex Mine Development Corp. Feb 09, 2024, 09:00 ET
KELOWNA, BC, Feb. 9, 2024 /CNW/ - Cantex Mine Development Corp. (TSXV: CD) (OTCQB: CTXDF
Banyan Announces 7 Million Ounce Gold Updated Mineral Resource Estimate, AurMac Project, Yukon, Canada
https://www.accesswire.com/831744/banyan-announces-7-million-ounce-gold-updated-mineral-resource-estimate-aurmac-project-yukon-canada
Wednesday, 07 February 2024 06:30
VANCOUVER, BC / ACCESSWIRE / February 7, 2024 / Banyan Gold Corp. (the "Company" or "Banyan") (TSXV:BYN)(OTCQB:BYAGF)
Banyan Gold Announces Positive Metallurgical Test Results, AurMac Project, Mayo, Yukon
https://www.accesswire.com/831336/banyan-gold-announces-positive-metallurgical-test-results-aurmac-project-mayo-yukon
Tuesday, 06 February 2024 06:00
VANCOUVER, BC / ACCESSWIRE / February 6, 2024 / Banyan Gold Corp. (the "Company" or "Banyan") (TSXV:BYN)(OTCQB:BYAGF)
Tectonic Metals Inaugural 2023 Drilling Intersects Gold Mineralizaiton in Every Drill Hole Extending Mineralization 1.8 KM Along Strike and to a Vertical Depth of 300 M at Flat Gold Project
https://www.accesswire.com/831973/tectonic-metals-inaugural-2023-drilling-intersects-gold-mineralizaiton-in-every-drill-hole-extending-mineralization-18-km-along-strike-and-to-a-vertical-depth-of-300-m-at-flat-gold-project
Wednesday, 07 February 2024 16:00
2023 Drill Results Webcast to be Held on Thursday, February 8th
VANCOUVER, BC / ACCESSWIRE / February 7, 2024 / Tectonic Metals Inc. ("Tectonic" or the "Company") (TSXV:TECT)(OTCQB:TETOF)
Fireweed Intersects 14 m True Width of 11.45% Zinc, 5.86% Lead, and 126.3 g/t Silver at the New Tom South Zone
https://fireweedmetals.com/fireweed-intersects-14-m-true-width-of-11-45-zinc-5-86-lead-and-126-3-g-t-silver-at-the-new-tom-south-zone/
February 1, 2024
Vancouver, British Columbia: FIREWEED METALS CORP. (“Fireweed” or the “Company”) (TSXV: FWZ; OTCQB: FWEDF; FSE: M0G)
Banyan Intersects 0.95 g/t Gold Over 35.7 Metres, Aurex Hill Deposit, AurMac Project, Yukon, Canada
https://www.accesswire.com/824778/banyan-intersects-095-gt-gold-over-357-metres-aurex-hill-deposit-aurmac-project-yukon-canada
Monday, 15 January 2024 06:30
VANCOUVER, BC / ACCESSWIRE / January 15, 2024 / Banyan Gold Corp. (the "Company" or "Banyan") (TSX-V:BYN)(OTCQB:BYAGF)
Fireweed Intersects 44 m true width of 18.98% Zinc, 2.24% Lead and 114.9 g/t Silver, and 47 m true width of 11.58% Zinc, 1.75% Lead and 54.9 g/t Silver at Boundary Zone
January 22, 2024
https://fireweedmetals.com/fireweed-intersects-44-m-true-width-of-18-98-zinc-2-24-lead-and-114-9-g-t-silver-and-47-m-true-width-of-11-58-zinc-1-75-lead-and-54-9-g-t-silver-at-boundary-zone/
Vancouver, British Columbia: FIREWEED METALS CORP. (“Fireweed” or the “Company”) (TSXV: FWZ; OTCQB: FWEDF; FSE: M0G
Palladium One Announces Electromagnetic ("EM") Survey Results for Canalask Nickel - Copper Project, Yukon, Canada
https://www.newsfilecorp.com/release/194281
January 16, 2024 6:30 AM EST | Source: Palladium One Mining Inc.
Toronto, Ontario--(Newsfile Corp. - January 16, 2024) - Palladium One Mining Inc. (TSXV: PDM) (OTCQB: NKORF) (FSE: 7N11) (the "Company" or "Palladium One") is pleased to announce Electromagnetic ("EM") survey results have been received and interpreted from the fall program on the Canalask Nickel - Copper Project, located in the Kluane mafic-ultramafic belt, Yukon, Canada. (Figure 1 and 2).
Highlights
A high-resolution ground-based EM survey has confirmed the presence of a strong untested conductor down plunge of historic shallow drilling and within the mafic-ultramafic chonolith / dyke. The result has achieved several important goals:
Defined the conductor's geometry, a necessary percussor to drill testing.
Improved understanding of the conductor's relationship to historic shallow drilling. For example, DD hole VQ-7 which returned 0.8% Ni, 0.2% Cu over 3.0 meters including 1.3% Ni, and 0.3% Cu over 0.1 meters in disseminated to semi-massive sulphide within the ultramafic dyke..
Enhanced geological understanding through additional modelling of new and historic data.
To assist in drill program planning and future permitting, a high-resolution orthophoto survey was also flown.
Diamond drill testing is planned for the 2024 field season, the timing of which will be dependent on the late-winter/spring breakup.
President and CEO Derrick Weyrauch commented, "The fall exploration program has highlighted the potential of the Canalask property to host significant nickel - copper sulphide mineralization within the mafic-ultramafic dyke in addition to its historical footwall deposit. Drill testing is planned for the 2024 field season.
A previous EM survey had indicated the presence of a significant conductor at depth in a flexure of the ultramafic dyke, however, due to incomplete data from the past survey, the exact geometry was poorly understood. The 2023 EM survey used the most modern equipment available and has not only confirmed the presence of the conductor but has also significantly improved its 3-dimensional orientation. The conductor's position is now interpreted to be deeper than previously understood. The closest holes to the body of the conductor are from the 1980's, hole VQ-7 contained a narrow patch of semi-massive sulphide which returned 1.3% nickel, thereby suggesting a source of massive sulphide nearby.
In addition to this untested conductor, the Canalask project contains the historic Main Zone Canalask deposit consisting of 400,000 tonnes at 1.35% nickel (copper was not reported) (Yukon Assessment Report 094599), hosted within footwall rocks of the ultramafic dyke. The occurrence of the footwall hosted mineralization is in part the basis of our hypothesis that the historic deposit was originally fed by a larger body of nickel - copper sulphide present within the ultramafic dyke."
Exploration Since Acquisition
The Company competed a drone-based magnetometer survey (Figure 1) over the entire Canalask project. This survey consisted of 392-line kilometers at 100-meter spacing and helped refine the location and structure of the Ni-Cu-PGE prospective ultramafic dyke and greatly assisted the refinement of drill targeting. In addition, a reconnaissance site visit returned grab sample assays over 2% nickel, 6% copper and 1.55 g/t gold (see press release November, 17, 2022). These results support the high grades that were historically reported in footwall-style sulphide mineralization at the Canalask deposit. The 2023 program consisted of brushing out and re-establishing access trails, as well as re-establishing historic grid lines and was followed by a drone based airborne orthophoto survey and a high-resolution ground-based EM survey using Lamontagne's UTEM system. This work has led to a substantial better understanding of the project's geology, and has refined drill targets.
Canalask Property Overview
The Canalask Property is located within the Whitehorse Mining District, approximately 300 kilometers northwest of Whitehorse, Yukon and is accessed from the Alaska Highway near south-east of Beaver Creek. The Canalask Property consists of a contiguous block of 179 quartz claims covering approximately 3,400 hectares.
Exploration dates to the 1950s when the Canalask footwall zone was originally discovered, drilled, and partially developed. A historical resource estimate on the Main Zone is quoted at 400,000 tonnes at 1.35% nickel (copper was not reported) by Discovery Mines Ltd. in 1968 (Yukon Assessment Report 094599). Early Metallurgical floatation test work returned concentrate grades as high as 19.7% nickel (Yukon Assessment Report 093256). Exploration continued up until the early 2000s through a series of surface programs including geochemical surveys, geological mapping, and geophysics. During these campaigns, numerous high-grade Ni-Cu-PGE showings such 4.7% Nickel, 0.6% Cu and 6.82 g/t TPM (Total Precious Metals) in grade samples at the Discovery Zone (Yukon Assessment Report 094599), were discovered along the length of the ultramafic-mafic dyke. In 2006, Xstrata completed an assessment Report (Yukon Assessment Report 094599) summarizing this earlier work. Readers are cautioned that the Company has not verified the 1968 Historical Mineral Resource Estimate and therefore the data should not be relied upon.
Geological Setting
The Canalask Property covers the lateral extent of the northwest - southeast striking, steeply dipping "White River Intrusive Complex" (WRIC) which is part of the larger Kluane Mafic-Ultramafic Belt. The Kluane Belt extends from northern British Columbia to east-central Alaska, within the Pennsylvanian to Triassic Wrangellia Terrane volcanics and sediments. The belt is host to numerous nickel-copper +/- platinum-palladium deposits and prospects, most notably the past producing Wellgreen Deposit, now owned by Nickel Creek Platinum Corp., approximately 110 kilometers to the south. The WRIC occurs as a sill-like body of ultramafic and mafic rocks 100 to 150 meters thick and dipping approximately 50 degrees to the southwest. The northern margin of the WRIC represents the basal footwall contact zone while the southern margin delineates the upper hanging wall intrusive contact. The intrusion itself is dominantly composed of peridotite and dunite with a mineralized basal gabbro zone.
Exploration Target
The WRIC is a favourable setting for magmatic nickel-copper sulphide mineralization and is considered a "feeder system" with a high volume of magma flow. As evidenced by the abundance of magmatic Ni-Cu-PGE showings at the base of the WRIC and the discovery of the nickel-rich Canalask footwall deposit, the project hosts strong potential for both "magmatic feeder-type" basal deposits and "epigenetic footwall-type" footwall deposits. The geological setting draws comparison to the world-class Norilsk Ni-Cu-PGE camp.
Figure 1. Canalask Project showing the modeled Maxwell plate (yellow) from the 2023 ground-based EM survey overlaid on the 2022 drone based magnetic survey showing total field and location of the historic drill holes and Main Zone footwall deposit.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/194281_a78ebd9d6482b8ad_001full.jpg
Figure 2. Isometric view new looking southwest of the modelled ultramafic dyke (purple) and modelled Maxwell plate (yellow) from the 2023 ground EM survey and position of historic drill holes including VQ-7 which is located near the upper northeast corner of the plate. Insert map in the upper left is a stylized cross section illustrating the exploration target consisting of massive magmatic sulphides located at the base of the ultramafic dyke.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/194281_3134cd92d460b97d_001full.jpg
Qualified Person
The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration and a director of the Company and the Qualified Person as defined by National Instrument 43-101.
About Palladium One
Palladium One Mining Inc. (TSXV: PDM) is focused on discovering environmentally and socially conscious Critical Green Transportation Metals. A Canadian mineral exploration and development company, Palladium One is targeting district scale, nickel - copper sulphide and platinum-group-element (PGE) deposits in Canada and Finland. The Läntinen Koillismaa (LK) Project in north-central Finland, is a PGE-copper-nickel project that has existing NI43-101 Mineral Resources, while both the Tyko and Canalask high-grade nickel-copper projects are located in Ontario and the Yukon, Canada, respectively. Follow Palladium One on LinkedIn, Twitter, and at www.palladiumoneinc.com.
ON BEHALF OF THE BOARD
"Derrick Weyrauch"
President & CEO, Director
For further information contact:
Derrick Weyrauch, President & CEO
Email: info@palladiumoneinc.com
Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of Palladium One Mining Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.
Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company's expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in mineral and commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and the impact of governmental entities. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.
SOURCE: Palladium One Mining Inc.
Gladiator Commences Drilling at the Middle Chief Copper Prospect
https://www.newsfilecorp.com/release/194701
January 18, 2024 7:00 AM EST | Source: Gladiator Metals Corp.
Klondike Gold Makes New High Grade Discovery; Intersects 90.55 g/t Au (2.91 oz/t Au) over 0.55 Meters and 5.49 g/t Au over 6.50 Meters at Stander Zone
https://www.accesswire.com/824766/klondike-gold-makes-new-high-grade-discovery-intersects-9055-gt-au-291-ozt-au-over-055-meters-and-549-gt-au-over-650-meters-at-stander-zone
Monday, 15 January 2024 08:30
VANCOUVER, BC / ACCESSWIRE / January 15, 2024 / Klondike Gold Corp. (TSX.V:KG)(FRA:LBDP)(OTCQB:KDKGF)
Snowline Gold Intersects Strong Mineralization at Open Eastern Edge of Its Valley Target, Rogue Project, Yukon, with Drill Results of 383.0 M at 2.0 Grams per Tonne Gold from Surface Including 107.5 M of 4.0 Grams per Tonne Gold
https://www.accesswire.com/824787/snowline-gold-intersects-strong-mineralization-at-open-eastern-edge-of-its-valley-target-rogue-project-yukon-with-drill-results-of-3830-m-at-20-grams-per-tonne-gold-from-surface-including-1075-m-of-40-grams-per-tonne-gold
Monday, 15 January 2024 06:00
Hole V-23-066 returned 383.0 m averaging 2.00 g/t Au , including 107.5 m of 3.95 g/t Au from surface (with an interval of 16.0 m averaging 7.52 g/t Au ), showing strong continuity of multiple-gram-per-tonne, near-surface gold mineralization across a gap in previous drilling.
Holes V-23-065 and V-23-067 show high grades and strong consistency in the eastern part of the Valley target, returning 344.5 m averaging 1.14 g/t Au ( including 1.60 g/t Au over 177.5 m ) and 418.4 m averaging 1.62 g/t Au ( including 2.91 g/t Au over 152.0 m) respectively, with the wider interval for each hole beginning from surface.
Analytical results pending for 2,640 m from 8 holes (including one metallurgical hole at Valley) across two projects-Rogue and Tosh.
VANCOUVER, BC / ACCESSWIRE / January 15, 2024 / SNOWLINE GOLD CORP (TSX-V:SGD)(OTCQB:SNWGF)
Fireweed Drills Best Intersection to Date at Boundary Zone Comprising 143.95 m at 14.45% Zinc, 1.15% Lead, and 60.0 g/t Silver for a True Width of 50 m
https://fireweedmetals.com/fireweed-drills-best-intersection-to-date-at-boundary-zone-comprising-143-95-m-at-14-45-zinc-1-15-lead-and-60-0-g-t-silver-for-a-true-width-of-50-m/
January 9, 2024
Vancouver, British Columbia: FIREWEED METALS CORP. (“Fireweed” or the “Company”) (TSXV: FWZ; OTCQB: FWEDF; FSE: M0G)
Cascadia Provides Project Update and Announces 2024 Drilling Plans, Catch Property, Yukon
https://www.newswire.ca/news-releases/cascadia-provides-project-update-and-announces-2024-drilling-plans-catch-property-yukon-866388872.html
Cascadia Minerals Ltd. 04 Jan, 2024, 08:00 ET
VANCOUVER, BC, Jan. 4, 2024 /CNW/ - Cascadia Minerals Ltd. ("Cascadia") (TSXV: CAM)
Sitka Gold Prepares Mobilization for a Winter Diamond Drilling Program at Its RC Gold Project, Yukon
https://ca.finance.yahoo.com/news/sitka-gold-prepares-mobilization-winter-133000038.html
CNW Group
Thu, January 4, 2024 at 5:30 a.m. PST·13 min read
SITKF
-7.87%
www.sitkagoldcorp.com
VANCOUVER, BC, Jan. 4, 2024 /CNW/ - Sitka Gold Corp. ("Sitka" or the "Company") (CSE: SIG) (FSE: 1RF) (OTCQB: SITKF)
Snowline Gold Expands Footprint of Widespread, Near-Surface Mineralization with Drill Results up to 308.8 m of 2.2 Grams Per Tonne Gold Including 180.3 M Of 3.2 grams per tonne gold from Surface at Its Valley Target, Rogue Project, Yukon
https://www.accesswire.com/821483/snowline-gold-expands-footprint-of-widespread-near-surface-mineralization-with-drill-results-up-to-3088-m-of-22-grams-per-tonne-gold-including-1803-m-of-32-grams-per-tonne-gold-from-surface-at-its-valley-target-rogue-project-yukon
Wednesday, 03 January 2024 06:00
Hole V-23-064 returned 308.8 m averaging 2.15 g/t Au, including 180.3 m of 3.23 g/t Au from surface (with the top 68.3 m averaging 5.03 g/t Au), showing strong continuity of multiple-gram-per-tonne, near-surface gold mineralization across gap in previous drilling
Hole V-23-062 and V-23-063 show high grades and strong consistency in the northwestern part of the Valley target, returning 417.0 m averaging 1.41 g/t Au (including 2.25 g/t Au over 110.0 m) and 342.0 m averaging 1.59 g/t Au (including 2.00 g/t Au over 189.5 m) respectively, with both intervals beginning from surface
Analytical results pending for 3,850 m from 11 holes (including one metallurgical hole at Valley) across two projects-Rogue and Tosh.
VANCOUVER, BC / ACCESSWIRE / January 3, 2024 / SNOWLINE GOLD CORP (TSXV:SGD)(OTCQB:SNWGF)
Prospector to Acquire ML Property, Yukon
Historical Drill Results include 7.86 g/t Au over 12.09m and 3.07 g/t Au & 0.74% Cu over 76.18m(1)
https://www.newsfilecorp.com/release/193003
January 03, 2024 7:00 AM EST | Source: Prospector Metals Corp.
Vancouver, British Columbia--(Newsfile Corp. - January 3, 2024) - Prospector Metals Corp. (TSXV: PPP) (OTCQB: ETHOF) (FSE: 1ET) ("Prospector" or the "Company") is pleased to announce that it has entered into a property purchase agreement to acquire a 100% interest in the ML Property (also known as the Mike Lake Property) from Troilus Gold Corporation. The ML Property encompasses 4,757 hectares within the prolific Tintina Gold Belt, and is located approximately 80 km from Dawson City, Yukon Territory, and 25 km northeast of the former Brewery Creek Gold Mine. The ML Property will be acquired from Troilus Gold Corp through a shares-only purchase agreement. Troilus will become a keystone shareholder and is expected to own 19.9% of the issued shares of Prospector on closing of the transaction.
Highlights:
The ML Property hosts multiple known prospects over 13.5km trend associated with four identified intrusions and related dike/sill swarms. Target types include intrusion related gold, gold-copper-tungsten skarn, high grade vein, and replacement Au-Ag mineralization associated with a series of Tombstone Suite granitic intrusives.
Work completed up to 2008 included airborne-ground geophysics, satellite imagery, geologic mapping, extensive rock and soil sampling, and diamond drilling (+16,700m over 117 holes). No significant work has been conducted on the property since 2008. Most of the historic work focused on the Skarn Ridge and North Vein targets. Highlight drill results include:
Skarn Ridge:
SK07-001: 1.38 g/t Au & 0.61% Cu over 89.31m(1)
SK08-019: 3.07 g/t Au & 0.74% Cu over 76.18m, including 3.56 g/t Au & 0.9% Cu over 56.58m(1)
North Vein:
NV05-12: 7.86 g/t Au over 12.09m(1)
NV05-02: 7.67 g/t Au over 18.43m(1)
Importantly historical drill efforts focused on only a very small portion on the claim block, and the ML Property is host to dozens of high-grade Au, and Au-Cu surface occurrences identified in historical work that to date have not been drill tested.
Initial field work at the ML Property will begin in summer 2024 and will consist of a Phase 1 ground evaluation followed by a contingent Phase 2 drill program.
Prospector is also planning to complete a VTEM geophysical survey on its Devon Ni-Cu property in H1 2024 and remains committed to its portfolio of Ni-Cu properties in Ontario and Quebec.
Dr. Rob Carpenter, P. Geo, CEO of Prospector, expressed, "The ML Property stands out as an exceptional opportunity for multiple reasons. Firstly, it's rare to have a property host so many high-grade, undrilled surface occurrences within such a fertile environment. Secondly, our knowledge base of gold deposits in Yukon has grown so much since the last time the ML Property was worked in 2008. Large deposits like Golden Saddle, Coffee and Snowline were discovered after 2008 and our technical team is eager to view the ML Property through a more modern exploration lens."
"I am also delighted to welcome Andrew Rockandel to the Prospector Board. Andrew has a long history with Discovery Group and brings experience and a complementary skill set to Prospector that I am confident will help propel the Company forward."
Stated John Robins, Strategic Advisor to Prospector and Principal of Discovery Group, "Yukon's mineral potential is truly World-class, and few companies are as well positioned as the Prospector team to capitalize on this. Led by Dr. Robert Carpenter, Prospector boasts one of the best technical teams in Canada. Rob has been a key part of Discovery Group since its inception, having co-founded Kaminak Gold Corp. in 2005. In 2010, his team discovered the five million oz Coffee gold deposit which ultimately resulted in the $520M sale to Newmont (Goldcorp)."
Figure 1. ML Property Location and Geology Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1564/193003_115abbee7473a876_002full.jpg
ML Property Overview
The ML Property includes at least four Mid-Cretaceous Tombstone suite intrusions and associated dike/sill swarms hosted within sequences of calcareous-clastic sediments and limestone. The area has undergone intense structural deformation including numerous generations of faulting, fracturing, shearing, and localized folding. These structures appear to have played a key role in the localization of intrusive activity and, subsequently, gold-silver-copper mineralization. Several styles of mineralization are observed on the property with 34 currently known prospects and occurrences occurring over a 13.5km trend. Mineralization styles include Au-Cu bearing sheeted quartz veins within intrusive stocks; adjacent zones of disseminated and vein-controlled Au-Cu+/- Ag mineralization in clastic sediments and/or skarn-replacement bodies in calcareous units; and structurally controlled high-grade Au-Ag (+/- base metal) veins. The mineralization is generally associated with intrusive dike swarms (including lamprophyres) and areas with intense structural deformation.
The ML Property has seen intermittent exploration since the late 1960's by both Senior and Junior exploration companies. The property has an impressive technical data base which includes property wide airborne geophysics, satellite imagery, extensive soil and rock sampling, prospecting, selective ground geophysics, and diamond drilling (+16,700m over 117 holes). Most of this exploration took place from 2004 to 2008, a period when most drilling was focussed on two specific skarn/replacement type targets: Skarn Ridge (71 drillholes) and North Vein (23 drillholes). No significant work has been carried out since 2008, and there remain large parts of the property that have received little or no exploration and evaluation. Several of the mineralized areas have undergone only cursory assessment by previous operators, and present very attractive targets.
ML Property Acquisition Agreement
Prospector has entered into a property purchase agreement with Troilus Gold Corporation ("Troilus") to acquire the ML Property with the following key terms:
100% interest in the ML Property, Yukon Territory
Prospector to issue Troilus shares such that Troilus will hold a 19.9% interest in Prospector, on an undiluted basis following closing of the Private Placement Offering (see below)
Prospector has granted Troilus a Participation Right to maintain its ownership interest should Prospector propose to sell additional securities (Participation Right expires if Troilus falls below 5% interest)
Troilus has the right to nominate one person to the Board of Directors of Prospector
Prospector to provide Troilus with a Milestone Payment within 30 days of the completion of a mineral resource estimate, payable in cash or shares (with certain limitations should this result in Troilus holding over 20% of the issued and outstanding shares of Prospector).
The Milestone payment shall be $1 million, if Prospector's Market Capitalization is less than $20 million, or
$2 million if Prospector's Market Capitalization is greater than $20 million.
The transaction with Troilus is subject to Prospector completing a concurrent equity financing for gross proceeds of not less than $1,000,000 (the "Private Placement Offering").
Consolidation
The board of directors of Prospector has approved the Consolidation of all of Prospector's outstanding Common Shares on the basis of three (3) pre-Consolidation Common Shares for one post-Consolidation Common Share. The reasons for the Consolidation are to increase Prospector's flexibility in the marketplace and to make the Company's securities more attractive to a wider audience of potential investors. Subject to approval by the TSXV.
Prospector currently has 63,462,472 Common Shares issued and outstanding. Assuming no changes in the number of the Common Shares outstanding, after giving effect to the Consolidation (prior to taking into account the Common Shares issued in the Private Placement Offering described below), the Company would have approximately 21,154,157 Common Shares issued and outstanding.
Any fractional interest in Common Shares resulting from the Consolidation will be rounded down to the nearest whole Common Share. Registered shareholders will receive a letter of transmittal from TSX Trust Company, Prospector's transfer agent, with information on how to replace their old share certificates with the new share certificates. Brokerage firms will handle the replacement of share certificates on behalf of their shareholder's accounts. If approved by the TSXV, the Consolidation will occur immediately prior to the closing of the Private Placement Offering (as defined above).
The exercise price and number of Common Shares issuable upon the exercise of Prospector's outstanding stock options and warrants will be proportionately adjusted to reflect the Consolidation in accordance with the terms of such securities.
Private Placement Offering
On a post-Consolidation basis, Prospector announces a non-brokered private placement to raise gross proceeds of up to $1.5 million consisting of units (the "Units") offered at a price of $0.11 per Unit and (the "Offering").
Each Unit will be comprised of one post-Consolidation common share (a "Share") and one half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable at a price of $0.30 into one post-Consolidated common share for a period of two years from the date of issuance.
If the closing price of the Common Shares is at a price equal to or greater than $0.50 for a period of 10 consecutive trading days, Prospector will have the right to accelerate the expiry date of the Warrants by giving notice, via a news release, to the holders of the Warrants that the Warrants will expire on the date that is 30 days after the issuance of said news release.
Prospector intends to use the net proceeds of the Private Placement Offering to complete a detailed geophysical survey at its Devon Ni-Cu Project in Ontario, preliminary assessment work and prospecting of the ML Property in Yukon Territory, and for working capital needs.
The Private Placement Offering is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the conditional listing approval of the TSX Venture Exchange.
The Company may pay finders' fees under the offering in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The securities issued under the Private Placement Offering will be subject to a hold period under applicable securities laws in Canada expiring four months and one day from the closing date of the Private Placement Offering.
Members of the Company's management team may participate in the Private Placement Offering including subscriptions from related parties of the Company as defined in Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The participation of management in the Private Placement Offering is exempt from formal valuation and minority shareholder approval requirements pursuant to exemptions contained in sections 5.5(c) and 5.7(1)(a) of MI 61-101.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Andrew Rockandel Joins as Executive Director
Prospector is please to announce that it has appointed Andrew Rockandel as Executive Director of the Company.
Mr. Rockandel is an accomplished entrepreneur whose four decades of business experience span mineral resources, renewable energy, forestry, and specialized chemicals. Involved in the junior mining market for over 25 years, he has helped found multiple junior companies, bringing together management teams, assets, and financing.
(1) Historical Data and References
The drill results reported herein are historical in nature. The Company has not undertaken any independent investigation of the sampling, nor has it independently analyzed the results of the historical exploration work to verify the results. The Company considers these historical drill results relevant as the Company will use this data as a guide to plan future exploration programs. The Company also considers the data to be reliable for these purposes, however, the Company's future exploration work will include verification of the data through drilling. Specific references regarding the historical data include:
- N.I.43-101 Technical Review of the Mike Lake Property by Micheal Moore, P.Geo. dated July 15, 2011. Filed August 31, 2011 by Inform Resources Corp. Available on SEDAR.
- Yukon Assessment Report 095119: Assessment Report describing Geology, Mineralization, and Diamond Drilling at the Mike Lake Property by William A. Wengzynowski, P.Eng. dated February 2009. Available from the Yukon Geological Survey.
- Yukon Assessment Report 095029: Assessment Report describing Geology, Mineralization, and Diamond Drilling at the Mike Lake Property by William A. Wengzynowski, P.Eng. dated March 2008. Available from the Yukon Geological Survey.
- Yukon Assessment Report 094916: Assessment Report describing Geology, Geophysics, and Diamond Drilling of the Mike Lake Property by William A. Wengzynowski, P.Eng. and Martin W. Nunez, B.Sc. dated May 2007. Available from the Yukon Geological Survey.
- Yukon Assessment Report 094614: Assessment Report describing Geology, Geophysics, and Diamond Drilling of the Mike Lake Property by William A. Wengzynowski, P.Eng. and Rick J. Zuran, B.Sc. dated February 2006. Available from the Yukon Geological Survey.
Qualified Person
The technical content disclosed in this press release was reviewed and approved by Jodie Gibson, P.Geo. Advisor to Prospector, and a Qualified Person as defined under National Instrument NI 43-101 ("NI 43-101").
About Prospector Metals Corp.
Prospector Metals Corp., a member of Discovery Group, is focused on district scale, early-stage exploration of gold and base metal prospects. Creating shareholder value through new discoveries, the Company identifies underexplored or overlooked mineral districts displaying important structural and mineralogical occurrences similar to more established mining operations. Prospector is led by an experienced technical and corporate team that has a proven track record of making world-class mineral discoveries. Prospector establishes and maintains relationships with local and Indigenous rightsholders, and seeking to develop partnerships and agreements that are mutually beneficial to all stakeholders.
On behalf of the Board of Directors,
Prospector Metals Corp.
Dr. Rob Carpenter, Ph.D., P.Geo.
President & CEO
For further information about Prospector Metals Corp. or this news release, please visit our website at prospectormetalscorp.com or contact Alex Heath at 604-354-2491 or by email at alexh@prospectormetalscorp.com.
Prospector Metals Corp. is a proud member of Discovery Group. For more information please visit: discoverygroup.ca
Forward-Looking Statement Cautions:
This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including, but not limited to, statements regarding the Company's plans with respect to the Company's projects and the timing related thereto, the merits of the Company's projects, the Company's objectives, plans and strategies, and other project opportunities. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective,", "strategy", "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the risk of accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, or the possibility that the Company may not be able to secure permitting and other agency or governmental clearances, necessary to carry out the Company's exploration plans, risks and uncertainties related to the COVID-19 pandemic and the risk of political uncertainties and regulatory or legal changes in the jurisdictions where the Company carries on its business that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects.
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: Prospector Metals Corp.
Snowline Gold Provides Summary Of Milestone Year And Looks Ahead To 2024
https://www.accesswire.com/820889/snowline-gold-provides-summary-of-milestone-year-and-looks-ahead-to-2024
Friday, 29 December 2023 11:55
VANCOUVER, BC / ACCESSWIRE / December 29, 2023 / SNOWLINE GOLD CORP (TSX-V:SGD)(OTCQB:SNWGF) (the "Company" or "Snowline") is pleased to provide a summary of key activities and achievements over the past calendar year. The scale and strength of the Valley gold target on the Company's Rogue Project has quickly come into focus on the back of a safe, productive and efficient 16,000 m drill program at Valley, with clear upside potential both at the target level and the regional scale. All five of five Phase I drill programs completed by the Company in this district on five different targets to date have hit instances of visible gold and zones of anomalous gold mineralization, demonstrating widespread regional fertility. In total, the Company drilled 22,000 m in 2023 across 6 targets. Extensive surface exploration has advanced additional untested targets and led to the identification of new targets. With more than $35M in the treasury, the Company is well positioned for an active and rigorous exploration campaign in 2024 on its >330,000 ha land position in the fertile Selwyn Basin.
Snowline's top 5 highlights from 2023:
Consistently Strong Results: Drill results from the Valley target consistently show robust grade, scale and continuity of gold mineralization beginning at or near surface, with highlight intervals averaging 2.48 g/t Au over 553.8 m (drill hole V-23-039) and 2.46 g/t Au over 519.6 m (V-23-061)-both from surface; these are the best drill intersections on an interval-by-grade basis that the Company is aware of from any gold project in the history of the Yukon
Positive Metallurgy: Initial metallurgical tests demonstrate high gold recoveries and non-refractory gold mineralization at Valley; recoveries from non-optimized, conventional processing techniques averaged 94.1% (bottle roll cyanidation), 95.4% (flotation) and 95.7% (carbon-in-leach) on 75-micron grinds
Environmental Stewardship: Received the 2023 Robert E. Leckie Award for Excellence in Environmental Stewardship from the Government of Yukon in recognition of the Company's efforts in early-stage baseline environmental monitoring, renewable energy system installation and use, progressive reclamation of disturbed sites, reclamation of an abandoned exploration camp from the 1990s, and active research for effective, site-specific reclamation strategies for future development
Financial Strength: Raised a total of $35.7M at an average 75% premium to market in two financings, allowing for non-dilutive growth through an increased exploration program
Value Creation: 70% appreciation in share price to date from January 1, 2023, delivering considerable returns to SGD shareholders for the third consecutive year since Snowline's launch in 2021 (133% appreciation in 2021, 333% in 2022).
"Our work in 2023 highlights the unique nature of the gold discovery at the Valley target on our Rogue Project," said Scott Berdahl, CEO & Director of Snowline. "The remarkable consistency and continuity of strong gold values at Valley across hundreds of meters of length, width and depth beginning from surface-with clean, non-refractory mineralization-makes not just for an exciting discovery story, but for a special asset with hallmarks of a system capable of delivering sustainable value to shareholders and to local economies for decades to come. Additional surface work and drilling on other targets suggest strong regional fertility across much of our >3,300 km2 property portfolio and the potential for Valley-style mineralization at multiple other targets within the Rogue Plutonic Complex. I would like to congratulate our entire team on an incredible year, and to thank our investors, service providers, suppliers, consultants and partners who have made this possible and who continue to support us as we advance our targets and grow as a company."
Additional highlights from 2023 include:
B2Gold's validation of Snowline's discovery success, with the former building a 9.9% stake in Snowline during 2023 through a combination of direct investment and on-market equity acquisition
Formal coverage initiated by six independent industry analysts
Institutional ownership growth to over 17% of outstanding shares
Consolidation of the Rogue Plutonic Complex-a highly prospective regional geological feature roughly 30 x 60 km in size defined by a cluster of intrusions with genetic and temporal associations to the Valley intrusion-through direct staking and the purchase of select pre-existing mineral interests
Appointment of Calum Morrison-former CFO of Great Bear Resources (acquired by Kinross in 2022 for C$1.8B) and former CEO of Great Bear Royalties (acquired by Royal Gold in 2022 for C$200M)-to strengthen Snowline's Board of Directors, and the appointment of Thomas Branson, P.Geo., to VP Exploration
TSX-V listing established to provide exposure to a broader landscape of investors
State-of-the-art data management system and database developed in-house for efficient real-time data collaboration between multiple projects, camps and field sites
Permanent, year-round office established in Whitehorse, Yukon to facilitate exploration and potential future development of projects
Advancement of all Yukon projects, with extensive geological, geophysical and geochemical surface programs safely and successfully completed in Snowline's biggest exploration campaign to date, moving new targets towards drill readiness across Snowline's extensive Yukon exploration portfolio.
2024 EXPLORATION PLANS
With a strong treasury, three diamond drills parked on site at Valley and plans to mobilize a fourth drill, Snowline is looking forward to another highly active exploration season in 2024. Through the year, the Company will adhere to its commitment to safe, environmentally sound, and socially responsible exploration, building on its economic engagement within the Yukon and further strengthening lines of communication, engagement and collaboration with First Nations and Yukon communities.
The scale and nature of the 2024 program will be finalized early in the coming year, but the program will have two primary objectives: 1) to advance the Rogue Project's Valley target, which remains open, both through exploration and through a push towards collecting requisite information for economic assessment and rigorous baseline with a focus on future advanced permitting, and 2) to follow up on promising results from other targets on Rogue and on the Company's surrounding property positions with the goal of establishing a new gold district.
As of December 2023, the Company is permitted to build and operate a second 50-person camp on site at the Valley target, in additional to its current "Forks" camp 17 km away. Construction of the Valley camp in 2024 will facilitate efficient exploration at Valley and free resources for robust exploration of additional regional targets.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration company with an eight-project portfolio covering >333,000 ha. The Company is exploring its flagship >94,000 ha Rogue gold project in the highly prospective yet underexplored Selwyn Basin. Snowline's project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits including Kinross's Fort Knox Mine, Newmont's Coffee deposit, and Victoria Gold's Eagle Mine. The Company's first-mover land position and extensive database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.
Figure 4 - Members of the Snowline team standing on shallow mineralized float above mineralized bedrock near the discovery outcrops of the Rogue Project's Valley target.
QUALIFIED PERSON
Information in this release has been prepared under supervision of and approved by Thomas K. Branson, M.Sc., P. Geo., VP Exploration of Snowline Gold Corp, as Qualified Person for the purposes of National Instrument 43-101.
ON BEHALF OF THE BOARD
Scott Berdahl
CEO & Director
For further information, please contact:
Snowline Gold Corp.
+1 778 650 5485
info@snowlinegold.com
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.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including statements regarding the significance of analytical results, construction of the Valley camp in 2024, future advanced permitting and development activities, the potential for investors to participate in multiple future discoveries, the Rogue project having district-scale prospectivity, the creation of a new gold district and the Company's future plans 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. Such factors include, among other things: risks related to uncertainties inherent in drill results and the estimation of mineral resources; and risks associated with executing the Company's plans and intentions. 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, the Company 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 the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
SOURCE: Snowline Gold Corp.
Sitka Provides Summary of 2023 RC Gold Exploration Program
https://thenewswire.com/press-releases/1BQPFYYp7-sitka-provides-summary-of-2023-rc-gold-exploration-program.html
VANCOUVER, CANADA – TheNewswire - December 21, 2023 - Sitka Gold Corp. (“Sitka” or the “Company”) (CSE:SIG) (FSE:1RF) (OTC:SITKF
Silver North and Coeur Amend Tim Property Exploration Agreement
https://thenewswire.com/press-releases/1L5PFjbnb-silver-north-and-coeur-amend-tim-property-exploration-agreement.html
Vancouver, BC - TheNewswire - December 21, 2023 - Silver North Resources Ltd. (TSX-V:SNAG) (OTC:TARSF)
K2 Expands Gold Mineralization Footprint at the Wels Project - Yukon
https://www.newsfilecorp.com/release/190881
Vancouver, British Columbia--(Newsfile Corp. - December 13, 2023) - K2 Gold Corporation (TSXV: KTO) (OTCQB: KTGDF) (FSE: 23K) (
Sitka Acquires 100% Ownership of the Recently Discovered Blackjack and Eiger Gold Deposits and Stakes Additional Claims at its RC Gold Project, Yukon
https://thenewswire.com/press-releases/1LmPFRzp4-sitka-acquires-100-ownership-of-the-recently-discovered-blackjack-and-eiger-gold-deposits-and-stakes-additional-claims-at-its-rc-gold-project-yukon.html
VANCOUVER, CANADA – TheNewswire - December 19, 2023 - Sitka Gold Corp. (“Sitka” or the “Company”) (CSE:SIG) (FSE:1RF) (OTC:SITKF)
New Discovery: Stratabound Confirms Reduced Intrusion-Related Gold System (RIRGS) up to 8.53 g/t Gold, Southern Tombstone Belt, Yukon Territory
https://www.newsfilecorp.com/release/190819
Toronto, Ontario--(Newsfile Corp. - December 13, 2023) - Stratabound Minerals Corp. (TSXV: SB) (OTCQB: SBMIF)
Gladiator Discovers New Zone of Copper Mineralization at Cowley Park
HIGHLIGHTS:
Assay results from 9 of 22 holes of a recently completed 4,000m diamond drill program at the Cowley Park Prospect ("Cowley Park"). Significant intercepts include:
CPG-017:
26m @ 1.49% Cu & 368 ppm Mo from 98m including 15m @ 2.36% Cu & 421ppm Mo from 104m and 4m @ 7.75% Cu & 686 ppm Mo from 110m.
CPG-023:
13m @ 2.06% Cu and 1071 ppm Mo from 38m and
8m @ 1.05% Cu 513 ppm Mo from 79 m
CPG-011D1:
58m @ 0.74% Cu & 1,245 ppm Mo from 81m, Including:
8m @ 1.65% Cu, 1,905 ppm Mo from 87m
12m @ 1.12% Cu & 605ppm Mo from 105m
CPG-015:
7m @ 1.45% Cu from 52m & 2m @ 3.77% Cu from 55m
10m @ 1.23% Cu & 319ppm Mo from 204m
CPG-016:
58m @ 0.62%Cu from 57m, Incl. 7m @ 1.99 % Cu & 867 ppm Mo from 78m
The interval of 10m @E-Green is the first hole into a new discovery zone only 50m to the south of the historical drill area highlighting the potential future resource upside and underexplored nature of the Cowley Park area.
Shallow results confirm the continuity of shallow, copper-molybdenum skarn mineralization at Cowley Park as well as highlighting the potential of the lower grade mineralized envelope to significantly contribute to future resource potential. Copper and molybdenum mineralization remains open along strike and down dip in all directions.
Gladiator is fully funded to expand its ambitious exploration program at the Whitehorse Copper Project.
Gladiator CEO, Jason Bontempo commented:
"Drilling continues to define the continuity and scale of high- grade copper mineralisation at Cowley Park as well as providing further definition to the potentially significant coincident Molybdenum mineralisation.
The discovery of a new zone of mineralisation only 50m to the south of the historical drill area in hole CPG-015 highlights the exploration upside at Cowley Park close to existing modelled mineralisation and supports the ongoing drill program targeting further extensions to the south and south-east.
I look forward to reporting the remainder of the assays from this second drill campaign at Cowley Park in the coming weeks"
https://www.newsfilecorp.com/release/190464
Vancouver, British Columbia--(Newsfile Corp. - December 11, 2023) - Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) ("Gladiator" or the "Company") is pleased to announce initial results from its recently completed 4,000m diamond drill program at Cowley Park.
Cowley Park - Ongoing Drilling Campaign
Initial assay results have been received for the first nine holes of Gladiators recently completed 4,000m diamond drill program at Cowley Park (please refer to Figure 1 below for details). Significant drill intercepts received so far include:
CPG-017:
26m @ 1.49% Cu & 368 ppm Mo from 98m including 15m @ 2.36% Cu & 421ppm Mo from 104m and 4m @ 7.75% Cu & 686 ppm Mo from 110m.
CPG-023:
13m @ 2.06% Cu and 1071 ppm Mo from 38m and
8m @ 1.05% Cu 513 ppm Mo from 79 m
CPG-011D1:
58m @ 0.74% Cu & 1,245 ppm Mo from 81m, Including:
8m @ 1.65% Cu, 1,905 ppm Mo from 87m
12m @ 1.12% Cu & 605ppm Mo from 105m
CPG-015:
17m @ 0.91% Cu from 42m, Incl. 3m @ 1.71 % Cu from 42m, 7m @ 1.45% Cu from 52m & 2m @ 3.77% Cu from 55m
31m @ 0.58% Cu, 642ppm Mo from 80m and
10m @ 1.23% Cu & 319ppm Mo from 204m
CPG-016:
58m @ 0.62%Cu from 57m, Incl. 7m @ 1.99 % Cu & 867 ppm Mo from 78m
CPG-019: 20m @ 0.82% Cu from 96m including 4m @ 2.62% Cu from 96m
CPG-020D1: 47.2m @ 0.67% Cu from 132m
These results confirm the width and continuity of high-grade mineralization previously targeted at Cowley Park with mineralization remaining open in all directions. Results such as 15m @E-Green) and 13m @pmiller) compare favorably to previously announced high-grade historical drill intercepts (refer to the Company's news releases listed below).
A new zone of copper skarn mineralization has also been discovered in hole CPG-015 with 10m @ 1.23% Cu intersected at 204m (please refer to Figures 1 and 2 for details). This result lies only 50m to the south of the historical area of drilling and indicates the significant upside potential remaining in the Cowley Park area.
Drilling completed was designed to test extensions to high-grade mineralized and aid planning for resource definition drilling. Drilling targeted identified trends through step out drill holes located primarily to the south and southeast of identified mineralization, including following up on the most southeasterly hole to date, 19-CP-08 which intersected 43.28m @ 2.24% Cu from 93.27m (Figure 1).
Figure 1: Section A-A' through recently completed drillholes CPG-015 and CPG-016 in comparison to historical drilling intercepts on the same section (refer to Figure 2 for location). Section highlights new zone of mineralization in hole CPG-015 (Marked in Yellow) Section A-A' is marked on Figure 1 for reference.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1930/190464_35fe7e33545da901_002full.jpg
Figure 2: Plan map of the advanced Cowley Park Copper Prospect. Select recent and historical drill results with a cumulative Copper%*m of >40 highlighted. Status of current 4,000m diamond drilling program highlighted. Location of section A-A', Figure 1, shown.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1930/190464_35fe7e33545da901_003full.jpg
A complete list of the compiled holes from Cowley Park and their significant intercepts and details can be found at:
https://docs.google.com/spreadsheets/d/1mn25VTZ5DSvCH-NfXUYRnCmB6WxwWVE5NVYMdYKd41U/edit#gid=1204953821
Further details on quoted mineralization intersected in drilling contained in this release, plus any relevant information regarding QAQC can be found at:
"Gladiator Metals Announces Results of Maiden Drill Program at Cowley Park Copper Prospect" - News Release dated July 24, 2023.
"Gladiator Metals Intersects Copper in Maiden Drill Campaign at Cowley Park" - News Release dated June 5, 2023.
"Gladiator Metals Assays 32.92m @ 2.08% Copper from Historical Drill Core at Cowley Park" - News Release dated May 15, 2023.
"Gladiator Metals Samples 12.5m @ 8.02% Copper at the Cowley Park and Commences Drilling at the Whitehorse Copper Project" - News Release dated April 27, 2023.
"Gladiator Metal Announces Additional High-Grade Copper Drill Intercepts" - News Release dated April 3, 2023.
The Whitehorse Copper Project
The Whitehorse Copper Project is an advanced-stage copper (Cu) ± molybdenum (Mo) ± silver (Ag) ± gold (Au) skarn exploration project in the Yukon Territory, Canada. The property comprises 314 contiguous claims covering approximately 5,380 Hectares (13,294 acres) in the Whitehorse Mining District as shown on below.
Figure 3: Plan map of the Whitehorse Copper Project showing geology and location of key prospects within the main trend please refer to Company's prior news releases dated February 13, April 3, May 15, June 5 and July 24, 2023 for details
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1930/190464_35fe7e33545da901_004full.jpg
QA / QC
Drilling completed by Gladiator was irregularly spaced to test parts of the mineralised systems, holes were directionally surveyed utilising a North Seeking Gyro direction tool. Drill collars were being subsequently surveyed utilising a high-accuracy RTK DGPS system.
Upon drilling of diamond core Gladiator undertakes geological logging, marking up of lineal length of the core, recording core recovery, and Geotech measurements such as RQD's and taking core photographs.
Based on the geological logging, core is then marked up for sampling with a new sampling ticket that matches the submitted sample for analysis at the start of the sample interval, the drill core is then cut in half utilizing a core saw equipped with a diamond saw blade. The core samples are then sent for analysis and the remaining half core retained for future reference. Certified Reference Materials (CRMs) or known blank material is placed within the sampling sequence at a nominal sampling rate of 1 in 20 samples to monitor the Laboratory. Samples are submitted to the ALS Global laboratory (Canada).
Samples subject to this release were crushed to 70% less than 2mm before pulverizing to better than 85% passing 75 microns. Samples were then analysed by ALS method ME-ICP61 (Aqua Regia with ICP-MS finish), with over limits for Cu analysed by method CU-OG62 (Aqua Regia with ICP-MS finish). As part of this process, Gladiator also captures the required sampling metadata to potentially utilize the core and analysis for any future requirements if deemed acceptable. The QA/QC meets the current required standards under reporting instruments, such as NI-43-101. At this point the Company regards the data collected from this exercise as reliable for the purposes of identifying future exploration targets and may be used to inform future drilling and exploration campaigns.
In reference to historic drill results reported in this news release from the Company's data compilation exercise, these results are historical in nature. Gladiator has not undertaken any independent investigation, nor has it independently analyzed the results of the historical exploration work in order to verify the results. The Company believes that the historical drill results currently do not conform to presently accepted industry standards. Gladiator considers these historical drill results relevant as the Company will use this data as a guide to plan future exploration and drilling programs. The Company also considers the data to be reliable for these purposes, however, the Company's future exploration work will include verification of the data through drilling.
RSU Grant
The Company also announces that it has granted 370,000 restricted share units to a director of the Company, subject to TSX Venture Exchange approval. The restricted share units were granted in accordance with the Company's restricted share unit plan dated September 8, 2023 and vest over a two-year term.
Qualified Person
All scientific and technical information in this news release has been prepared or reviewed and approved by Kell Nielsen, a "qualified person" as defined by NI 43-101.
ON BEHALF OF THE BOARD
"Jason Bontempo"
Jason Bontempo, CEO
For further information contact:
Dustin Zinger, Investor Relations
+1-604-653-9464
dzinger@gladiatormetals.com
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 does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Certain of the statements and information in this news release constitute "forward-looking statements" or "forward-looking information". Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "believes", "plans", "estimates", "intends", "targets", "goals", "forecasts", "objectives", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) that are not statements of historical fact may be forward-looking statements or information..
Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, the need for additional capital by the Company through financings, and the risk that such funds may not be raised; the speculative nature of exploration and the stages of the Company's properties; the effect of changes in commodity prices; regulatory risks that development of the Company's material properties will not be acceptable for social, environmental or other reasons; availability of equipment (including drills) and personnel to carry out work programs; and that each stage of work will be completed within expected time frames. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements or information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.
The Company's forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this news release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information.
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The topic here is Resource extraction in the Yukon...
Yukon Mining Recorder -
http://www.yukonminingrecorder.ca/index.html
http://www.gov.yk.ca/
www.emr.gov.yk.ca/energy/energy_strategy.html
The Spell of the Yukon by Robert Service:
I wanted the gold, and I sought it;
I scrabbled and mucked like a slave.
Was it famine or scurvy, I fought it;
I hurled my youth into a grave.
I wanted the gold, and I got it --
Came out with a fortune last fall, --
Yet somehow life's not what I thought it,
And somehow the gold isn't all.
No! There's the land. (Have you seen it?)
It's the cussedest land that I know,
From the big, dizzy mountains that screen it
To the deep, deathlike valleys below.
Some say God was tired when He made it;
Some say it's a fine land to shun;
Maybe; but there's some as would trade it
For no land on earth -- and I'm one.
You come to get rich (damned good reason);
You feel like an exile at first;
You hate it like hell for a season,
And then you are worse than the worst.
It grips you like some kinds of sinning;
It twists you from foe to a friend;
It seems it's been since the beginning;
It seems it will be to the end.
I've stood in some mighty-mouthed hollow
That's plumb-full of hush to the brim;
I've watched the big, husky sun wallow
In crimson and gold, and grow dim,
Till the moon set the pearly peaks gleaming,
And the stars tumbled out, neck and crop;
And I've thought that I surely was dreaming,
With the peace o' the world piled on top.
The summer -- no sweeter was ever;
The sunshiny woods all athrill;
The grayling aleap in the river,
The bighorn asleep on the hill.
The strong life that never knows harness;
The wilds where the caribou call;
The freshness, the freedom, the farness --
O God! how I'm stuck on it all.
The winter! the brightness that blinds you,
The white land locked tight as a drum,
The cold fear that follows and finds you,
The silence that bludgeons you dumb.
The snows that are older than history,
The woods where the weird shadows slant;
The stillness, the moonlight, the mystery,
I've bade 'em good-by -- but I can't.
There's a land where the mountains are nameless,
And the rivers all run God knows where;
There are lives that are erring and aimless,
And deaths that just hang by a hair;
There are hardships that nobody reckons;
There are valleys unpeopled and still;
There's a land -- oh, it beckons and beckons,
And I want to go back -- and I will.
They're making my money diminish;
I'm sick of the taste of champagne.
Thank God! when I'm skinned to a finish
I'll pike to the Yukon again.
I'll fight -- and you bet it's no sham-fight;
It's hell! -- but I've been there before;
And it's better than this by a damsite --
So me for the Yukon once more.
There's gold, and it's haunting and haunting;
It's luring me on as of old;
Yet it isn't the gold that I'm wanting
So much as just finding the gold.
It's the great, big, broad land 'way up yonder,
It's the forests where silence has lease;
It's the beauty that thrills me with wonder,
It's the stillness that fills me with peace.
Yukon Prospectors:
http://www.emr.gov.yk.ca/mlv_jump.html
www.ivarkreuger.com/metalcharts.htm
www.emr.gov.yk.ca/1638.html#United_Keno_Hill_Mines
http://www.explorenorth.com/
http://www.explorenorth.com/library/linksoftheweek/bestofweek.html
http://www.emr.gov.yk.ca/
BC & Yukon Chamber of Mines -
British Columbia -
http://www.bc-mining-house.com/
The BC & Yukon Chamber of Mines supports and promotes the mineral exploration community and related services.
Roundup is the World's LARGEST technical mineral exploration conference -
http://www.amebc.ca/
FORTYMILE / MICKEY PLACER GOLD PROSPECT - and other - for option, joint venture or sale -
Contact: Grant Allen, Box 31486, Whitehorse, Y.T., Y1A 6K8,
Ph. 867-668-3367 - email: gallan@northwestel.net
World Resource Investment Conference -
June 7 - 8, 2008
Vancouver Convention and Exhibition Centre
http://www.cambridgehouse.ca/index.html
http://www.cambridgehouse.ca/ch_register.html
http://www.wildernessinquiry.org
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