British Columbia Mining

[Lone Clone]

Core Assets Provides a Summary of the 2023 Exploration Program & Announces Issuance of Stock Options

https://www.accesswire.com/856360/core-assets-provides-a-summary-of-the-2023-exploration-program-announces-issuance-of-stock-options

Thursday, 25 April 2024 09:00 AM

VANCOUVER, BC / ACCESSWIRE / April 25, 2024 / Core Assets Corp., ("Core Assets" or the "Company") (CSE:CC)(FSE:5RJ)(OTCQB:CCOOF)

[Lone Clone]

Kodiak Reports New Copper Porphyry Discovery at 1516 Zone and Final 2023 Drill Results

https://www.newsfilecorp.com/release/206707

April 25, 2024 6:00 AM EDT | Source: Kodiak Copper Corp.

Vancouver, British Columbia--(Newsfile Corp. - April 25, 2024) - Kodiak Copper Corp. (TSXV: KDK) (OTCQB: KDKCF) (FSE: 5DD1)

[Lone Clone]

Torr Metals Confirms Kilometre-Scale Geophysical Anomalies Coincident with Untested Copper Porphyry Targets at Kolos

https://ca.finance.yahoo.com/news/torr-metals-confirms-kilometre-scale-120000471.html

TORR Metals, Inc.
Wed, April 24, 2024 at 5:00 a.m. PDT·5 min read

TMET.V
0.00%

Kolos Copper-Gold Project



Kolos Project area with highly anomalous 2023 soil samples and ZTEM resistivity inversion at 200m vertical depth. Note that gaps in the data were caused by powerline disruption and location of Highway 5.
ZTEM 3D Resistivity Inversion Model



ZTEM 3D Resistivity Inversion Model voxel slice through the Lodi and Kirby Zones, view looking east-northeast.
ZTEM 3D Resistivity Inversion Model



ZTEM 3D Resistivity Inversion Model voxel slice through the Lodi and Clapperton Zones, view looking northwest.

VANCOUVER, British Columbia, April 24, 2024 (GLOBE NEWSWIRE) -- via IBN – Torr Metals Inc. (“Torr” or the "Company") (TSX-V: TMET.V) is very pleased to announce preliminary results that have identified near-surface high priority geophysical resistivity anomalies extending up to >1.5 kilometers (km) depth that are coincident with highly anomalous copper (Cu), gold (Au), and molybdenum (Mo) mineralization at-surface (Figure 1). These compelling exploration drill targets have been identified using a newly completed 3D resistivity inversion voxel model, derived from the ZTEM geophysical survey completed over the entirety of the 100% owned ~140 km2 Kolos Copper-Gold Project in late 2023 (Figure 1).

The geophysical survey data was analyzed in conjunction with recently published soil geochemistry, revealing a multi-centred cluster porphyry trend spanning 7 kilometers (km) (see March 25, 2024 news release). This trend encompasses 5 priority exploration targets for Cu-Au and Cu-Mo that delineate potential porphyry centres, all of which have never been drilled. Each target zone is defined by >200 parts per million (ppm) Cu in soil with concentrations reaching a peaks of 1175 ppm Cu and 725 ppb Au (Figure 1). All of the priority exploration targets are road-accessible from Highway 5, approximately 23 km north-northeast of the city of Merritt, British Columbia.

Highlights:

Kilometre-scale Surface Exploration Targets Now Extended to Depth: The results of the 3D resistivity inversions have confirmed multiple untested sub-surface drilling opportunities with 3 major potential porphyry centres within the Lodi, Kirby, and Clapperton Zones together with 2 additional satellite Cu-Au porphyry epithermal targets within the Ace and Rea Zones.

Multiple Broad Resistivity Anomalies Indicate Impressive Scale: Across the Lodi, Kirby, and Clapperton Zones, extensive low to moderate and high resistivity anomalies span multiple kilometers in the sub-surface, aligning with concentrated higher-grade Cu ± Au ± Mo mineralization at the surface (Figure 1).

Multiple Large-Scale Geophysical Anomalies Coincident with Surface Mineralization:

Analysis has confirmed an extensive anomalous resistivity signature, stretching over 4.8 km in strike-length, connecting the Cu-Au Lodi and Kirby Zones at depth (Figure 2). Copper-gold mineralization in both zones has a strong correlation to anomalous low to moderate resistivity, with anomalous signatures extending up to 1000 meters (m) in depth while measuring ~1850 m and ~2500 m in strike-length within the Lodi and Kirby Zones respectively (Figure 2, Figure 3).

Anomalous copper-molybdenum in soil coincides with an at-surface high resistivity anomaly at the Clapperton Zone, attributed to an exposed quartz-rich domain, typical of the upper levels of a porphyry system, within a multi-phase diorite intrusive host; resulting in an anomalous geophysical signature measuring ~1400 m in width and >1500 m in depth (Figure 3).

Kirby Zone Expansion Potential: The anomalous geophysical signature at the Kirby Zone extends >1900 m south of the 2023 soil grid, suggesting significant expansion potential with further soil sampling.

"The strong correlation between highly anomalous resistivity areas and known surface copper-gold and copper-molybdenum mineralization is incredibly promising," said Malcolm Dorsey, President and CEO. "We are now identifying the robust plumbing behind these prolific mineralizing systems, indicating an immense scale of underlying potential. Torr is now equipped with the precise knowledge on where and how to best target these anomalies in the sub-surface and with multiple untested zones delineated across a 7 km cluster porphyry trend this is a significant opportunity for a potentially major new copper discovery located only 30 km from Canada’s largest open pit copper mine at Highland Valley.”

ZTEM Geophysical Survey

ZTEM geophysics is a sophisticated technique for delineating expansive hydrothermal mineralization and alteration systems typically associated with porphyry deposits, often spanning kilometer-scale dimensions both horizontally and vertically. Moreover, its precision in defining intricate geological structures proves invaluable, aiding in the identification and localization of mineralization; thereby enhancing exploration efficiency and success.

Quality Assurance and Control

Results from samples were analyzed at ALS Global Laboratories (Geochemistry Division) in Vancouver, Canada (an ISO/IEC 17025:2017 and ISO 9001:2015 accredited facility). A secure chain of custody is maintained in transporting and storing of all samples. At ALS the “B” horizon soil samples underwent screening to 180 microns under the ALS code PREP-41. The samples were digested using Aqua Regia and analyzed via ICP-MS and ICP-AES using a 25g sample aliquot under the ALS code AuME-TL43. The Company follows industry standard procedures for the work carried out on the Kolos Project. Due to the reconnaissance nature of the soil sampling the Company relied on the internal quality assurance quality control (“QA/QC”) measures of ALS. Torr Metals detected no significant QA/QC issues during review of the data.

Qualified Person

The technical content of this news release has been reviewed and approved by Michael Dufresne, M.Sc., P.Geol., P.Geo., a consultant to the Company who is a qualified person defined under National Instrument 43-101.

About Torr Metals

Torr Metals is a Vancouver based mineral exploration company focused on defining and developing the substantial exploration potential of the ~140 km2 Kolos Copper-Gold Project, located within the prolific Quesnel Terrane in Central British Columbia. Year-round access is provided by Highway 5, with the project being favourably located 23 km north of the city of Merritt and 286 km by highway from Vancouver, British Columbia. For further details about the Latham Copper-Gold Project, please refer to the Company's website or current geological Technical Report (August 24, 2021) filed on November 25, 2021 under the Company's profile on SEDAR at www.sedar.com.

On behalf of the Board of Directors
Torr Metals Inc.

"Malcolm Dorsey"

Malcolm Dorsey
President, CEO and Director

For further information:
Malcolm Dorsey
Telephone: [phone]
Email: [e-mail]

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 press release.

Cautionary Statement Regarding Forward-Looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the use of proceeds from the Company's recently completed financings, and the future plans or prospects of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management's discussion and analysis which is available on the Company's profile on SEDAR at www.sedar.com. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Corporate Communications:
IBN
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
[e-mail]

Attachments

Kolos Copper-Gold Project

ZTEM 3D Resistivity Inversion Model

ZTEM 3D Resistivity Inversion Model

[Lone Clone]

Golden Cariboo to Utilize Historic Data to Create 3D Model

https://thenewswire.com/press-releases/1A0vF6R52-golden-cariboo-to-utilize-historic-data-to-create-3d-model.html

April 24, 2024 – TheNewswire - Vancouver, Canada – Golden Cariboo Resources Ltd. (“GCC or the Company”) (CSE-GCC, OTC-GCCFF, WKN-A0RLEP) announced today that it has acquired Micromine 3D geological modelling software to support exploration activities at its Quesnelle Gold Quartz Mine project (“QGQ” project) near Hixon, BC.

The Company will utilize the Micromine 3D geological modelling software to model the property’s historic drillhole database, which dates back to the 1970s and totals over four kilometers of drilling, the majority of which being in the vicinity of the historic Quesnelle Quartz Mine. The modelling of the drillhole database will enhance the company’s geological understanding of the property, providing new insights into styles of mineralization and their geologic controls. It is expected to unlock further targets to test in the Company’s active drill program.

Company President and CEO, Mr. J. Frank Callaghan commented “Creating a geological model is an important step in defining the prospects of the QGQ project. Incorporating historic data will allow the Company to design an efficient drill program, the objective being to provide a maiden mineral resource on our past producing gold mining property.

Mr. Callaghan commented further, stating "We acquired the QGQ project because of its past production, the presence of a greenstone contact, and its potential to host similar mineralization found at the nearby Bonanza Ledge Mine, which our team initially discovered, developed and put into production at Osisko Development’s Cariboo Gold Project. After Golden Cariboo’s team commenced production at the Bonanza Ledge Mine and further developed the Cariboo Gold Project, it was ultimately acquired by Osisko Royalties for $330 million, and now owned and operated by Osisko Development. We see a similar chance to replicate our success at the QGQ project and firmly believe in the principle that you make a mine, you don’t find one."

Further to Company news released on April 9, 2024, announcing the engagement of marketing service providers, terms of the agreements are as follows:

Global One Media, Suite 1500, 1155 Metcalfe Street, Montreal, QC H3B 2V6

[phone], [e-mail]

Cost of services is CDN$5000 per month for a 12-month term, with an option to cancel after 6 months

start date of April 09, 2024

GoldInvest Consulting GmbH, Rothenbaumchaussee 185, 20149 Hamburg, Germany

[phone], [e-mail]

Cost of services is CDN $3000 per month payable in quarterly instalments in advance for a 12-month term

start date of April 09, 2024

Arne Lutsch, Rütliweg 2, 8849 Alpthal, Switzerland

[phone], [e-mail]

Cost of services is CDN $3000 per month payable in quarterly instalments in advance for a 12-month term

start date of April 09, 2024

About Golden Cariboo Resources Ltd.

Golden Cariboo Resources Ltd. is rediscovering the Cariboo Gold Rush by proceeding with high-grade targeted drilling and trenching programs on its Quesnelle Gold Quartz Mine Project which is almost fully encircled on 3 of 4 sides by Osisko Development (NSE-ODV/TSXV-ODV). Historically, over 101 placer gold creeks on the 90 km trend from the Cariboo Hudson mine north to the Quesnelle Gold Quartz mine have recorded production and successful placer mining continues to this day.

Golden Cariboo’s Quesnelle Gold Quartz Mine property is 4 km northeast of, and road accessible from, Hixon in central British Columbia. The property includes the Quesnelle Quartz gold-silver deposit, which was discovered in 1865 in conjunction with placer mining activities. Hixon Creek, which dissects the Quesnelle Gold Quartz Mine property, is a placer creek which has seen small-scale placer production since the mid 1860’s.

For further information please contact:

GOLDEN CARIBOO RESOURCES LTD

“J. Frank Callaghan”

J. Frank Callaghan, President & CEO

Tel: [phone]

Neither the “CSE” Canadian Securities Exchange nor its Regulation Service Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements:

This news release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and plans of the Company. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes information regarding; the expectation that the Company will receive all necessary exemptions and approvals to complete the Offering; the expectation that the Company will complete the Offering on the terms disclosed, or at all; the expectation that the proceeds will be used for property exploration and for general working capital; the Company’s exploration plans with respect to its Quesnelle Gold Quartz Mine property; and the anticipated participation of the insider in the Offering.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the Company will receive all necessary exemptions and approvals to complete the Offering; that the Company will complete the Offering on the terms disclosed, or at all; that the proceeds will be used for property exploration and for general working capital; that the Company will have the resources required to proceed with its exploration plans; that the Company will not run into regulatory or other barriers in carrying out its business plans; that the insider will participate in the Offering, on the terms and conditions and in the amount currently expected by management; and that the Company will be able to rely on the exemption from the formal valuation and minority shareholder approval requirements on the basis anticipated.

Additionally, forward-looking information involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the Company will not receive the necessary exemptions and approvals to complete the Offering; that the Company will not complete the Offering on the terms disclosed, or at all; that the Company will be unable to use the proceeds for property exploration and for general working capital; that the Company may incur unanticipated costs; that the Company may not have the resources required to pursue its exploration plans; that the Company’s operations could be adversely affected by possible future government legislation policies and controls or by changes in applicable laws and regulations; that the insider may not participate in the Offering on the terms and conditions and in the amount currently expected by management, or at all; and that the Company may not be able to rely on the exemption from the formal valuation and minority shareholder approval requirements on the basis currently expected. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Neither the Company nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this news release. Neither the Company nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this news release by you or any of your representatives or for omissions from the information in this news release.

The forward-looking statements herein speak only as of the date they were originally made. The Company has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

[Lone Clone]

Dolly Varden Silver Outlines 2024 Resource Expansion and Discovery-Focused Exploration Drill Program

https://www.newsfilecorp.com/release/206500

April 23, 2024 8:00 AM EDT | Source: Dolly Varden Silver Corporation

Vancouver, British Columbia--(Newsfile Corp. - April 23, 2024) - Dolly Varden Silver Corporation (TSXV: DV) (OTCQX: DOLLF) (the "Company" or "Dolly Varden") is pleased to announce plans for the 2024 exploration drilling program at its 100% owned Kitsault Valley Project. An initial 25,000 meters of diamond drilling is planned, starting with three drills. The focus will be on following up on new discoveries as well as stepping out from wide, higher-grade intercepts from the 2023 drilling, particularly at the Homestake Silver and Wolf deposits. Mobilization will be in the first week of May, allowing for an earlier start on exploration than previous years due to a low snowpacks.

The drill program will be split approximately 50/50 between the Dolly Varden Property and the Homestake Ridge Property, with an overall project split of 1/3 to Homestake Silver deposit area, 1/3 to Wolf deposit area and 1/3 to project wide exploration targets with new discovery potential.

"Our drill results from Homestake Silver were among the highest-grade gold and silver intercepts anywhere in the Golden Triangle in 2023; our priority with this early start is to continue with step-outs as well as infill drilling to confirm continuity of the potentially bulk-mineable mineralization. Further south, silver mineralization at Wolf remains wide open for expansion and this seasons' introduction of directional drilling technology will allow for highly accurate placement of drill intercepts," said Shawn Khunkhun, CEO of Dolly Varden Silver.


Figure 1. Targets for the 2024 Exploration program along Dolly Varden's Kitsault Valley Trend

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1728/206500_0f180e52946a1ace_002full.jpg

Wolf Vein

At the Wolf Vein, drilling is planned to delineate the width and extent of the southerly plunge of wider and higher-grade silver mineralization. Step out holes that define the trace of the plunge are spaced so that any new mineralization can be included in a future resource update. The Company will implement directional drilling technology with the objective of more cost effective and accurate exploration at Wolf, particularly for deep holes.

Wolf Vein remains open to depth where results from 2023 drilling indicate an increase in base metal (lead and zinc) content as well as wider epithermal breccia vein silver mineralization, such as previous released step-out drill hole DV23-375, that intersected 296 g/t silver, 1.68% Pb and 3.01%Zn (461 g/t AgEq*) over 26.99 meters, including 1,475g/t Ag, 10.65% Pb and 12% Zn (2,260 g/t AgEq*) over 0.50 meter from an 81-metre step-out (from previous release: November 6, 2023).



Figure 2. Previously released result highlights (2022 and 2023) on Wolf Vein long section looking northwest showing open zones for follow up and trace of wider, higher-grade plunge as black line.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1728/206500_0f180e52946a1ace_003full.jpg

*AuEq and AgEq are calculated using two precious metal components at $US1650/oz Au, $US20/oz Ag, $US0.90/lb Pb and $US1.10/lb Zn. Assays are not capped and 100% recovery used for Ag and Au and base metals.
**Estimated true widths vary depending on intersection angles and range from 50% to 85% of core lengths, further modelling of the new interpretation is needed before true widths can be calculated.

Homestake Silver

The program planned for Homestake Silver will start with follow up drilling on the newly discovered gold zone at the northern extent of deposit, where coarse-grained native gold in late-stage quartz-carbonate veins (Figure 3.) returned grades of 1,335 g/t Au and 781 g/t Ag over 0.68 meters within a wider interval of stockwork grading 79.49 g/t Au and 60 g/t Ag over 12.45 meters in drill hole HR23-389 (from previous release: February 12, 2024). Data from oriented core drilling indicates these quartz-carbonate veins are geologically younger and crosscut the Homestake trend at a low angle.



Figure 3. Visible Gold in quartz carbonate vein from drillhole HR23-389 at 410.00m depth.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1728/206500_0f180e52946a1ace_004full.jpg

The second part of Homestake Silver drilling will be resource expansion and upgrade holes that target the low angle, north dipping plunge of wide and high-grade gold and silver mineralization encountered in 2023 (Figure 4.). The mineralized plunge orientation at Homestake Silver was initially recognized in 2023 with results such as previously reported drill hole HR23-416, that intercepted the newly defined mineralized envelope returned a 93.95 meter wide zone grading 1.74 g/t Au and 213 g/t Ag (357 g/t AgEq) which included several distinct breccia vein intervals grading 11.80 g/t Au and 1,824 g/t Ag (2,802 g/t AgEq) over 9.16 meters length, 13.16 g/t Au and 3,085 g/t Ag (4,176 g/t AgEq) over 2.26 meters and 55.40 g/t Au and 4,830 g/t Ag (9,422 g/t AgEq) over 1.02 meters (previous release: January 16, 2024).



Figure 4. Homestake Ridge Long section looking southwest showing previous results of wide, highr grade plunge and new gold zone at Homestake Silver with 2024 target areas.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1728/206500_0f180e52946a1ace_005full.jpg

*AuEq and AgEq are calculated using two precious metal components at $US1650/oz Au, $US20/oz Ag, Assays are not capped and 100% recovery used for Ag and Au.
**Estimated true widths vary depending on intersection angles and range from 50% to 85% of core lengths, further modelling of the new interpretation is needed before true widths can be calculated

Exploration Targets including Moose Vein

The Moose Vein is located 1.5 km up north of the Wolf Vein and is interpreted to be hosted within a similar cross cutting structure as Wolf. In 2023, drill hole DV23-371 from the Moose vein intercepted veining and mineralization similar to that seen at Wolf that graded 712 g/t Ag over 1.00 meter within a 7.55-metre-length interval averaging 269 g/t Ag (from previous release: November 6, 2024). This mineralization will be followed up by targeting down the same plunge trend as defined at Wolf.

Other Exploration targets on both the Homestake Ridge and Dolly Varden properties include targets within the 5.4 km long area between the southern end of Homestake Silver and Wolf Vein, under the mid-valley sedimentary cap rocks. Additionally, geophysical targets west of the Homestake Main deposit will be tested, within a parallel basin bounding structures similar to those hosting the Homestake Main and Homestake Silver deposits.

Other studies on road access, advanced metallurgy, wildlife, and baseline environmental monitoring as well as field mapping in underexplored areas of the property will be completed.

Quality Assurance and Quality Control

The Company adheres to CIM Best Practices Guidelines for exploration related activities conducted on its property. Quality Assurance and Quality Control (QA/QC) procedures are overseen by the Qualified Person.

Dolly Varden QA/QC protocols are maintained through the insertion of certified reference material (standards), blanks and field duplicates within the sample stream. Drill core is cut in-half with a diamond saw, with one-half placed in sealed bags and shipped to the laboratory and the other half retained on site. Third party laboratory checks on 5% of the samples are carried out as well. Chain of custody is maintained from the drill to the submittal into the laboratory preparation facility.

Analytical testing was performed by ALS Canada Ltd. in North Vancouver, British Columbia. The entire sample is crushed to 70% minus 2mm (10 mesh), of which a 500 gram split is pulverized to minus 200 mesh. Multi-element analyses were determined by Inductively Coupled Plasma Mass Spectrometry (ICP-MS) for 48 elements following a 4-acid digestion process. High grade silver testing was determined by Fire Assay with either an atomic absorption, or a gravimetric finish, depending on grade range. Au is also determined by fire assay on a 30g split with either atomic absorption, or gravimetric finish, depending on grade range. Metallic screen on a 1.0kg sample may be completed on high-grade gold samples.

Qualified Person

Rob van Egmond, P.Geo., Vice-President Exploration for Dolly Varden Silver, the "Qualified Person" as defined by NI43-101 has reviewed, validated and approved the scientific and technical information contained in this news release and supervises the ongoing exploration program at the Dolly Varden Project.

About Dolly Varden Silver Corporation

Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its 100% held Kitsault Valley Project (which combines the Dolly Varden Project and the Homestake Ridge Project) located in the Golden Triangle of British Columbia, Canada, 25kms by road to tide water. The 163 sq. km. project hosts the high-grade silver and gold resources of Dolly Varden and Homestake Ridge along with the past producing Dolly Varden and Torbrit silver mines. It is considered to be prospective for hosting further precious metal deposits, being on the same structural and stratigraphic belts that host numerous other, on-trend, high-grade deposits, such as Eskay Creek and Brucejack. The Kitsault Valley Project also contains the Big Bulk property which is prospective for porphyry and skarn style copper and gold mineralization, similar to other such deposits in the region (Red Mountain, KSM, Red Chris).

Forward Looking Statements

This release may contain forward-looking statements or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including, without limitation, statements containing the words "believe", "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect", "potential", and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Dolly Varden to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward looking statements or information in this release relates to, among other things, the 2022 drill program at the Kitsault Valley Project, the results of previous field work and programs and the continued operations of the current exploration program, interpretation of the nature of the mineralization at the project and that that the mineralization on the project is similar to Eskay and Brucejack, results of the mineral resource estimate on the project, the potential to grow the project, the potential to expand the mineralization and our beliefs about the unexplored portion of the property.

These forward-looking statements are based on management's current expectations and beliefs and assume, among other things, the ability of the Company to successfully pursue its current development plans, that future sources of funding will be available to the company, that relevant commodity prices will remain at levels that are economically viable for the Company and that the Company will receive relevant permits in a timely manner in order to enable its operations, but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.

For additional information on risks and uncertainties, see the Company's most recently filed annual management discussion & analysis ("MD&A") and management information circular dated January 21, 2022 (the "Circular"), both of which are available on SEDAR at www.sedar.com. The risk factors identified in the MD&A and the Circular are not intended to represent a complete list of factors that could affect the Company.

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

For further information: Shawn Khunkhun, CEO & Director, 1-604-609-5137, www.dollyvardensilver.com;

SOURCE: Dolly Varden Silver Corporation

[Lone Clone]

Nickelex Signs Agreement to Acquire 100% of the Arlington Gold Property, British Columbia

https://www.newsfilecorp.com/release/206472

April 23, 2024 9:30 AM EDT | Source: Nickelex Resource Corporation

Vancouver, British Columbia--(Newsfile Corp. - April 23, 2024) - Nickelex Resource Corporation (TSXV: NICK) ("Nickelex" or the "Company") has signed a letter agreement with Origen Resources Inc. ("Origen") on April 19, 2024 (the "Arlington Agreement"), to earn a 100% interest in nine claims, totaling 3,583.89 ha, located within the Boundary District of south-central British Columbia (the "Arlington Property").

The Arlington Agreement, which is subject to TSX Venture Exchange ("Exchange") acceptance ("Regulatory Approval"), provides that Nickelex may earn a 100% interest in the Arlington Property by meeting the following obligations to Origen, all by the first anniversary of Regulatory Approval:

making cash payments totaling $130,000 ($30,000 of which is reimbursement of costs associated with the Bond posted in regards to the current drill permit to be assigned to Nickelex);
incurring exploration expenditures of $250,000 on the Arlington Property; and
issuing shares to Origen valued at $200,000 within 7 days of Regulatory Approval; and issuing additional shares to Origen valued at $200,000, or 2 million shares, whichever is greater in aggregate value, by the first anniversary of Regulatory Approval.

Origen will retain a royalty of 2% of net smelter returns, provided that the Company may purchase 1% of such royalty at any time for the price of $1,000,000.

About the Arlington Property, Greenwood MD, B.C.

The Arlington Property is located in the West Kettle River Valley, south-central British Columbia, 17 km north of Beaverdell and 65 km south of Kelowna B.C. (see Location Map). The property consists of nine claims covering 3,583.89 hectares located in the Greenwood Mining Division. Historic work in the area was driven by the early success and discoveries made in the Beaverdell and Carmi Mining Camps during the late 1890s. Previous exploration on the Arlington property was conducted from the early 1970's to 1996 and from 2015 to 2021. In 2020/21, the Fresh Pots and Blockchain mineral claims were staked by Origen to encompass ground geologically similar to the adjoining Arlington claims. Origen conducted ground surveys on the Fresh Pots claims, consisting of soil and rock-chip sampling, ground magnetic surveys and geological mapping. It completed ~2,000 soil sampling surveys in 2021/22 which revealed a strong gold anomaly approximately 2,000 meters in a N-S direction and 1,000 meters in an E-W direction. The values ranged from 15 - 2300 ppb Au, with associated anomalous values of Cu, Co, Ag, and As. The Freshpots claims area has never been drilled before Origen conducted a back-pack drill hole (20 - 30 meters deep) in 2022. Assays from the core graded 2.18 ppm Au, 11.34 ppm Ag and 0.35% Cu over 0.70 m.



To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5345/206472_dde14c49a49ee8f7_002full.jpg

Nickelex is planning an initial exploration program consisting of detailed soil sampling, geological mapping, prospecting and trenching, followed by a 6-7 hole, 1,000m drill program during 2024. The objective of the program will be to determine the nature of mineralization and possible presence of gold skarn mineralization, similar to mineralization at the Buckhorn Mine located 8km south of the Canada/USA border.

In corporate news, the Company has terminated the private placement that was announced on October 24, 2023.

About Nickelex

Nickelex is a Malaspina-Manex Group Company. The Group provides expertise in exploration, administration, and corporate development services for Nickelex's operations:

Swift Katie gold/copper property is well located near Salmo, British Columbia in an area that has historically hosted several important mining districts and is underlain by rocks favourable for the discovery of both copper-gold porphyry deposits and high-grade gold quartz veins. Exploration to date has identified three separate Cu-Au deposits over an 1800 metre cumulative strike-length, and two prominent gold targets within a 2500-metre-long alteration zone which transects the southern part of the property. It is 100% owned. The Company has now received a permit allowing exploration by diamond drilling of up to 17 exploration sites in 2024.

Strong Project - Thompson, Manitoba nickel properties: The company holds an option to acquire interests in the Strong Project in the North Thompson Nickel Belt. The Agreement is subject to completion of certain conditions including receipt of Exchange approval. The Company has agreed with the optionor to hold completion of the agreement conditions in abeyance pending satisfaction of certain conditions precedent.

Pilar Gold Inc. and Laiva Gold Inc.: operations in Brazil and Finland. Nickelex participated in the funding, acquisition and development of several gold properties and mines in Brazil, ultimately selling its interests in such Brazilian properties to Pilar Gold in exchange for 4 million shares of Pilar Gold with an ascribed book value of C$2,400,000. Upon the formation of Laiva Gold Inc. by Pilar Gold to acquire a mine and mill in Finland, Nickelex received 500,000 shares of Laiva Gold at a current valuation of C$400,000. Pilar Gold operates the Pilar gold mine in Brazil and plans to restart the high-grade Sertão mine in 2024. Laiva Gold owns the Laiva gold mine and mill in Finland and plans to restart operations this year. Both Pilar Gold and Laiva Gold intend to list its shares on a Canadian Stock Exchange in 2024.

John R. Kerr. P. Eng., is the President of Nickelex Resource Corporation and a Qualified Person as defined by National Instrument 43-101. He has read and approves the technical content of this release.

On behalf of the Board of Directors,

"John Kerr"

John Kerr, President, Nickelex Resource Corporation

For further information, please visit Nickelex's website at www.nickelexresource.com or contact us at 604.641.2759 or by email at [e-mail].

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

This news release may contain forward-looking statements including but not limited to comments regarding the completion of the property transaction, the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements in this news release include statements regarding the exercise of the option to acquire a 100% interest in the Arlington Property, Exchange acceptance of the Arlington Agreement, future exploration plans and expenditures on the Arlington Project, and Exchange acceptance of the Strong project acquisition. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. These statements are based on a number of assumptions, including, but not limited to, assumptions regarding general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for Nickelex Resource Corporation's projects, and the availability of financing for Nickelex Resource Corporation's projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Nickelex Resource Corporation does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

SOURCE: Nickelex Resource Corporation

[Lone Clone]

Golden Sky Announces Commencement of a Geophysical IP Survey at the Rayfield Copper-Gold Property, South-Central British Columbia

https://ca.finance.yahoo.com/news/golden-sky-announces-commencement-geophysical-024100266.html

Golden Sky Minerals Corp.
Mon, April 22, 2024 at 7:41 p.m. PDT·7 min read

LCKYF
0.00%

VANCOUVER, British Columbia, April 22, 2024 (GLOBE NEWSWIRE) -- Golden Sky Minerals Corp. (AUEN.V) (“Golden Sky” or “The Company”) is pleased to announce that it has commenced a 15-line kilometre geophysical induced-polarization (IP) survey at the Rayfield Target zone on its 100%-owned Rayfield Copper-Gold Property in south-central British Columbia, Canada (Figures 1 & 2). The geophysical program is designed to test the core of the 3.0 km x 1.5 km soil geochemical anomaly to a depth of up to 700 m (Figure 3). Phase 2 will consist of up to 3,000 metres of diamond drilling to test the geochemical anomalies and geophysical anomalies identified from the IP survey.

The 35,000-hectare Rayfield property is located in the Quesnel Trough, British Columbia’s primary copper-producing belt, which hosts Teck Resources’ Highland Valley Mine, Imperial Metals’ Mount Polley Mine, Centerra Gold’s Mount Milligan Mine, and Kodiak Copper’s MPD Project (see Figure 1). The road-accessible Rayfield copper-gold property is located approximately 20 kilometers east of the town of 70 Mile House, British Columbia, and is accessible year-round by well-maintained service and logging roads extending from BC Highway 97.

John Newell, President and CEO of Golden Sky Minerals, states: “The management, directors, and geological team at Golden Sky Minerals are pleased to announce the commencement of an IP Survey at our Rayfield property. Upon completion, we will share the valuable insights gained from this survey with the market. These insights will also be integrated into our exploration database, which already includes meticulously compiled exploration data from the past 30 months. This information will be instrumental in planning our upcoming drill program scheduled for later this year.

With current record-high gold prices and a recent strong rebound in copper prices from their recent lows suggest to us that the progress and advancements made at the Rayfield Copper-Gold Project over the past two years have been and should continue to be well-timed. Our staking activities and other developments on this highly prospective district-scale property have potentially positioned us strategically to participate in stronger metals markets.

Golden Sky Minerals looks forward to conducting a comprehensive range of exploration activities in the 2024 field season, including our inaugural diamond drilling program, to further advance this promising property.

Rayfield Property Highlights

The Rayfield Property contains the late Triassic alkalic Rayfield River Pluton, speculated to be part of the highly prospective Upper Triassic Copper Mountain Magmatic Belt, which includes the Copper Mountain, New Afton and Mount Polley copper deposits (Figure 1).

In 2006, the Geological Survey of Canada conducted a geophysical program, which included magnetic and radiometric surveys, over the Rayfield Property. The resulting elevated magnetic and potassic anomalies are largely underexplored and show similar characteristics to those signifying other alkalic copper-gold porphyries in the Quesnel Terrane. Fieldwork by Golden Sky has confirmed a close correlation between the volume of sheeted and stockwork quartz veining and magnetic low features. These magnetic lows are also coincident with elevated values of the pathfinder elements manganese (Mn), zinc (Zn), vanadium (V,) and barium (Ba), which are commonly associated with sericitic/propylitic alteration typically bounding the core of a porphyry system.

Recent fieldwork by Golden Sky has outlined a 3.0 km x 1.5 km copper-in-soil geochemical anomaly that remains open to the northwest and to the southeast (Figure 3). Within this anomaly are several soil samples that assayed up to ~4,000 ppm Cu, and rock samples that assayed up to 6,319 ppm (0.63%) Cu and 245.5 ppb Au (Sample 118884; see Oct 31, 2023 news release).

Historic exploration on the Property has been largely constrained to a ~505-hectare zone hosting an extensive copper-gold porphyry system outlined by soil sampling, historic drilling, and shallow-penetration radiometric and IP geophysical surveying. Mineralization in several historic drillholes extends from surface to end of hole, at approximately 150-300 m of depth, which suggests that the mineralized porphyry system remains open at depth. Previous exploration programs were unable to definitively identify the exact orientation of the porphyry system, but mapping by Golden Sky has confirmed at least two main orientations of mineralized quartz veins in the area. These are a northwest striking, steeply northeast dipping set, and an east-west striking, moderately north-dipping set.

In 1989, a 34 line-kilometer IP survey on the Rayfield Target zone outlined several chargeability “high” zones, which were subsequently tested by drilling programs in 1989, 1990, and 2008. Importantly, due to the shallow response of the survey (limited to ~125 m depth), these anomalies are interpreted to remain open at depth. Golden Sky believes that, with modern exploration methods, there is significant potential to discover additional mineralized zones at depth (Figure 4).

Exploration drilling on the property from the 1970s to the early 2000s totalled just 60 holes (7,774.2 meters), with the majority being shallow percussion holes typically <60 m in depth. Historic drilling outlined a broad footprint (450 m x 2,100 m) of low-grade copper mineralization and hydrothermal alteration indicating potential for a robust copper-gold porphyry system.

1970 Exploration Program: 31 percussion holes totalling 1,748 m

Drillhole highlights include: 0.42% Cu over 6.1m

1989 Exploration Program: 8 diamond drillholes totalling 1,141 m

Drillhole highlights include: 0.18% Cu and 71 ppb Au over 33.9 m; 0.14% Cu and 30 ppb Au over 66.7 m

1990 Exploration Program: 14 diamond drillholes totalling 3,337 m

Drillhole highlights include: 0.13% Cu and 35 ppb Au over 152 m (EOH)

2008 Exploration Program: 7 diamond drillholes totalling 1,548.2 m

Drillhole highlights include: 0.13% Cu and <10 ppb Au over 67 m

Many shallow historical drill intercepts on the Rayfield Property have similar grades to historic holes reported during early exploration phases on some neighboring alkalic copper-gold porphyries within the Quesnel Terrane. Further drilling is warranted to explore zones of mineralization along strike and to depth.





Picture1

Figure 1: The ~35,000-hectare Rayfield Cu-Au Property is located within the Quesnel Trough, British Columbia’s primary copper-producing belt.



Picture2

Figure 2: The Rayfield target zone is defined by a large 3.0 km x 1.5 km multi-element soil geochemical anomaly. The Rayfield target zone is highly prospective, with anomalous copper-in-soil values grading up to ~0.40%, and rock samples grading up to 0.63% Cu and 245 ppb Au. Numerous other target zones also exist across the extensive 35,000-hectare Rayfield Property.



Picture3

Figure 3: Copper-in-soil assays (2021-2022) overlying TMI Aeromagnetic survey. Elevated values in copper also coincide with pathfinder geochemical elements commonly associated with deeper sericitic and/or propylitic alteration, typically bounding the higher-grade core of porphyry systems. See Figure 4 for cross section A-A’.



Picture4

Figure 4: Cross-section A-A’ outlined in Figure 3. Historical diamond drill results with interpreted potassic zone of the porphyry system flanked by lower-grade copper within propylitic/phyllic zones. Historical induced polarization surveys extend only to ~125m of depth and many of the historical drill holes ended in mineralization. Mineralization is interpreted to remain open along strike and at depth.

About Golden Sky Minerals Corp.

Golden Sky Minerals Corp. is a well-funded junior grassroots explorer engaged in the acquisition, assessment, exploration, and development of mineral properties located in highly prospective areas and mining-friendly districts. Golden Sky’s mandate is to develop its portfolio of Properties to the mineral resource stage through systematic exploration.

The drill-ready properties include Hotspot and Lucky Strike, both in Yukon, Canada. In addition, the drill-ready Rayfield Copper-Gold Property in southern British Columbia, and the staking of the Auden Property in Ontario, add to the company’s substantial early-stage Canadian property pipeline.

The company was incorporated in 2018 and is headquartered in Vancouver, British Columbia, Canada.

More information can be found at the Company’s website at www.goldenskyminerals.com

ON BEHALF OF THE BOARD

John Newell, President and Chief Executive Officer

Carl Schulze, P. Geo., Consulting Geologist with Aurora Geosciences Ltd, is a qualified person as defined by National Instrument 43-101 for Golden Sky’s British Columbia exploration projects, and has reviewed and approved the technical information in this release.

For new information from the Company's programs, please visit Golden Sky's website at www.GoldenSkyMinerals.com or contact John Newell by telephone [phone] or by email at [e-mail] or [e-mail].

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.

Forward-Looking Statements

Statements contained in this news release that are not historical facts are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) within the meaning of applicable Canadian securities legislation. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as “anticipates”, “expects”, “understanding”, “has agreed to” or variations of such words and phrases or statements that certain actions, events or results “would”, “occur” or “be achieved”. Although Golden Sky has attempted to identify important factors and risks that could affect Golden Sky and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors and risks that cause actions, events or results not to be as anticipated, estimated or intended, including, without limitation: inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting drill results and other exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with Golden Sky’s expectations; accidents, equipment breakdowns, title and permitting matters; labour disputes or other unanticipated difficulties with or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on its projects; that Golden Sky may not be able to confirm historical exploration results and other risks set forth in Golden Sky's public filings at www.sedar.com. In making the forward-looking statements in this news release, Golden Sky has applied several material assumptions, including the assumption that general business and economic conditions will not change in a materially adverse manner. 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 statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Golden Sky does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

[Lone Clone]

Nickelex Signs Agreement to Acquire 100% of the Arlington Gold Property, British Columbia

https://www.newsfilecorp.com/release/206472

April 23, 2024 9:30 AM EDT | Source: Nickelex Resource Corporation

Vancouver, British Columbia--(Newsfile Corp. - April 23, 2024) - Nickelex Resource Corporation (TSXV: NICK) ("Nickelex" or the "Company") has signed a letter agreement with Origen Resources Inc. ("Origen") on April 19, 2024 (the "Arlington Agreement"), to earn a 100% interest in nine claims, totaling 3,583.89 ha, located within the Boundary District of south-central British Columbia (the "Arlington Property").

The Arlington Agreement, which is subject to TSX Venture Exchange ("Exchange") acceptance ("Regulatory Approval"), provides that Nickelex may earn a 100% interest in the Arlington Property by meeting the following obligations to Origen, all by the first anniversary of Regulatory Approval:

making cash payments totaling $130,000 ($30,000 of which is reimbursement of costs associated with the Bond posted in regards to the current drill permit to be assigned to Nickelex);
incurring exploration expenditures of $250,000 on the Arlington Property; and
issuing shares to Origen valued at $200,000 within 7 days of Regulatory Approval; and issuing additional shares to Origen valued at $200,000, or 2 million shares, whichever is greater in aggregate value, by the first anniversary of Regulatory Approval.

Origen will retain a royalty of 2% of net smelter returns, provided that the Company may purchase 1% of such royalty at any time for the price of $1,000,000.

About the Arlington Property, Greenwood MD, B.C.

The Arlington Property is located in the West Kettle River Valley, south-central British Columbia, 17 km north of Beaverdell and 65 km south of Kelowna B.C. (see Location Map). The property consists of nine claims covering 3,583.89 hectares located in the Greenwood Mining Division. Historic work in the area was driven by the early success and discoveries made in the Beaverdell and Carmi Mining Camps during the late 1890s. Previous exploration on the Arlington property was conducted from the early 1970's to 1996 and from 2015 to 2021. In 2020/21, the Fresh Pots and Blockchain mineral claims were staked by Origen to encompass ground geologically similar to the adjoining Arlington claims. Origen conducted ground surveys on the Fresh Pots claims, consisting of soil and rock-chip sampling, ground magnetic surveys and geological mapping. It completed ~2,000 soil sampling surveys in 2021/22 which revealed a strong gold anomaly approximately 2,000 meters in a N-S direction and 1,000 meters in an E-W direction. The values ranged from 15 - 2300 ppb Au, with associated anomalous values of Cu, Co, Ag, and As. The Freshpots claims area has never been drilled before Origen conducted a back-pack drill hole (20 - 30 meters deep) in 2022. Assays from the core graded 2.18 ppm Au, 11.34 ppm Ag and 0.35% Cu over 0.70 m.



To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5345/206472_dde14c49a49ee8f7_002full.jpg

Nickelex is planning an initial exploration program consisting of detailed soil sampling, geological mapping, prospecting and trenching, followed by a 6-7 hole, 1,000m drill program during 2024. The objective of the program will be to determine the nature of mineralization and possible presence of gold skarn mineralization, similar to mineralization at the Buckhorn Mine located 8km south of the Canada/USA border.

In corporate news, the Company has terminated the private placement that was announced on October 24, 2023.

About Nickelex

Nickelex is a Malaspina-Manex Group Company. The Group provides expertise in exploration, administration, and corporate development services for Nickelex's operations:

Swift Katie gold/copper property is well located near Salmo, British Columbia in an area that has historically hosted several important mining districts and is underlain by rocks favourable for the discovery of both copper-gold porphyry deposits and high-grade gold quartz veins. Exploration to date has identified three separate Cu-Au deposits over an 1800 metre cumulative strike-length, and two prominent gold targets within a 2500-metre-long alteration zone which transects the southern part of the property. It is 100% owned. The Company has now received a permit allowing exploration by diamond drilling of up to 17 exploration sites in 2024.

Strong Project - Thompson, Manitoba nickel properties: The company holds an option to acquire interests in the Strong Project in the North Thompson Nickel Belt. The Agreement is subject to completion of certain conditions including receipt of Exchange approval. The Company has agreed with the optionor to hold completion of the agreement conditions in abeyance pending satisfaction of certain conditions precedent.

Pilar Gold Inc. and Laiva Gold Inc.: operations in Brazil and Finland. Nickelex participated in the funding, acquisition and development of several gold properties and mines in Brazil, ultimately selling its interests in such Brazilian properties to Pilar Gold in exchange for 4 million shares of Pilar Gold with an ascribed book value of C$2,400,000. Upon the formation of Laiva Gold Inc. by Pilar Gold to acquire a mine and mill in Finland, Nickelex received 500,000 shares of Laiva Gold at a current valuation of C$400,000. Pilar Gold operates the Pilar gold mine in Brazil and plans to restart the high-grade Sertão mine in 2024. Laiva Gold owns the Laiva gold mine and mill in Finland and plans to restart operations this year. Both Pilar Gold and Laiva Gold intend to list its shares on a Canadian Stock Exchange in 2024.

John R. Kerr. P. Eng., is the President of Nickelex Resource Corporation and a Qualified Person as defined by National Instrument 43-101. He has read and approves the technical content of this release.

On behalf of the Board of Directors,

"John Kerr"

John Kerr, President, Nickelex Resource Corporation

For further information, please visit Nickelex's website at www.nickelexresource.com or contact us at 604.641.2759 or by email at [e-mail].

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

This news release may contain forward-looking statements including but not limited to comments regarding the completion of the property transaction, the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements in this news release include statements regarding the exercise of the option to acquire a 100% interest in the Arlington Property, Exchange acceptance of the Arlington Agreement, future exploration plans and expenditures on the Arlington Project, and Exchange acceptance of the Strong project acquisition. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. These statements are based on a number of assumptions, including, but not limited to, assumptions regarding general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for Nickelex Resource Corporation's projects, and the availability of financing for Nickelex Resource Corporation's projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Nickelex Resource Corporation does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

SOURCE: Nickelex Resource Corporation

[Lone Clone]

Trailbreaker Commences Drilling at the Liberty Copper Property, BC.

https://ca.finance.yahoo.com/news/trailbreaker-commences-drilling-liberty-copper-114500990.html

Trailbreaker Resources Ltd.
Tue, April 23, 2024 at 4:45 a.m. PDT·3 min read

APRAF
+4.79%

VANCOUVER, British Columbia, April 23, 2024 (GLOBE NEWSWIRE) -- Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce that it has commenced its 2024 drill program focussing on the copper-molybdenum (Cu-Mo) porphyry target at its 100% owned Liberty property in central British Columbia (BC). The program comprises up to 2,000 m of diamond drilling, testing a Cu-Mo ± gold (Au) ± silver (Ag) geochemical soil anomaly1 coincident with an induced polarization (IP) chargeability and resistivity anomaly.

A historic drillhole by Rio Tinto returned an interval of 123.1 m grading 0.11% Cu and 0.04% MoS21 from surface to end of hole. This hole was located 300 m directly south of the geophysical and geochemical targets now being tested. The historic drill hole is interpreted by the company as collared at the margin of a mineralized porphyry body. Reprocessing and 3D inversion imaging of the historic IP data were completed earlier this year and is being utilized in the drill targeting process.

Message from the President
“We are excited to start the season with the first drill program at Liberty since the 1960s. Historic drill results from the only drillhole to test the porphyry target provide a great anchor to our exploration thesis and prove we are in a mineralized system. The new geophysical and geochemical interpretations of the Cu-Mo system have helped create strong drill targets and we look forward to updating our shareholders as soon as we interpret the results.” -Daithi Mac Gearailt

Liberty Property Description
The 5,054-hectare Liberty Property is located approximately 60 km northwest of Quesnel, BC. The property is fully accessible by resource roads.

The primary target of the Liberty project is a northwest-trending Cu-Mo ± Au ± Ag Mobile Metal Ion (MMI) soil anomaly1. This overlaps an IP chargeability1 feature on the margin of the granitic intrusion. A historic drill hole to the south of this coincident anomaly returned an interval of 123.1 m of 0.11% Cu and 0.04% MoS21. For more information on this target see our news release dated January 22, 2024 and the Liberty Project webpage.

In addition to the Cu-Mo porphyry target and the Cu-skarn target, which returned assay values of >8.0% Cu from historic trenching2, the expanded property also covers an epithermal gold target, where epithermal vein textures have been observed in a road cut2. Nearby soil and test pit samples returned anomalous grades of gold (Au) and arsenic (As)2. These may represent a lower-temperature epithermal portion of the hydrothermal system.



Drill being aligned at hole 1 on the Liberty copper property.

Photo 1: Drill being aligned at hole 1 on the Liberty copper property.

About Trailbreaker Resources

Trailbreaker Resources is a mining exploration company focused primarily on mining-friendly British Columbia and Yukon Territory, Canada. Trailbreaker is committed to continuous exploration and research, allowing maintenance of a portfolio of quality mineral properties which in turn provides value for shareholders. The company has an experienced management team with a proven track record as explorers and developers throughout the Yukon Territory, British Columbia, Alaska and Nevada.

ON BEHALF OF THE BOARD

Daithi Mac Gearailt
President and Chief Executive Officer

Carl Schulze, P. Geo., Consulting Geologist with Aurora Geosciences Ltd, is a qualified person as defined by National Instrument 43-101 for Trailbreaker's BC and Yukon exploration projects, and has reviewed and approved the technical information in this release.

Other

For new information about the Company’s projects, please visit Trailbreaker’s website at TrailbreakerResources.com and sign up to receive news. For further information, follow Trailbreaker’s tweets at Twitter.com/TrailbreakerLtd, use the ‘Contact’ section of our website, or contact us at [phone] or at [e-mail].

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.

References
1) https://apps.nrs.gov.bc.ca/pub/aris/Report/32899.pdf/
2) https://apps.nrs.gov.bc.ca/pub/aris/Report/35992.pdf/

Forward-Looking Statements

Statements contained in this news release that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; expectations regarding future exploration and drilling programs and receipt of related permitting. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as "anticipates", "expects", "understanding", "has agreed to" or variations of such words and phrases or statements that certain actions, events or results "would", "occur" or "be achieved". Although Trailbreaker has attempted to identify important factors that could affect Trailbreaker and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. In making the forward-looking statements in this news release, if any, Trailbreaker has applied several material assumptions, including the assumption that general business and economic conditions will not change in a materially adverse manner. 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 statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Trailbreaker does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/aa9dcbb6-8253-4ab6-91dd-d233e2bab623

[Lone Clone]

Pegmatite One Options Dort Gold Property in Central British Columbia

https://www.newsfilecorp.com/release/206178

April 19, 2024 10:01 AM EDT | Source: Pegmatite One Lithium and Gold Corp.

Vancouver, British Columbia--(Newsfile Corp. - April 19, 2024) - Pegmatite One Lithium and Gold Corp. (CSE: PGA) ("Pegmatite One" or the "Company") is pleased to announce it has entered into an arm's length option agreement ("Option Agreement") with prospector Bernie Kreft ("Kreft") under which the Company can earn a 100% interest in the Dort project (the "Project") located in the Omineca Mining Division, central British Columbia and about 10 kilometers southwest of the Kemess Mine Road.

Dort Highlights

The Dort property is strategically located close to infrastructure in an area of historic producers, well documented gold and base metal occurrences and several recent discoveries.

The Dort Project totals 857.2 hectares and is located approximately 5km west of Pacific Ridge Exploration Ltd.'s Kliyul Main Zone in the prolific Quesnel Terrane in north central British Columbia, Canada.

Pacific Ridge has completed more than 17,500m of diamond drilling on the copper-gold-silver KMZ and it has been the focus of the company's exploration since 2020.

Dort is an orogenic gold target that shares geological similarities with the Spanish Mountain Gold Deposit where proven and probable gold, and with Kestrel Gold's QCM project where recent RC drill results include 2.3 g/t Au over 44.19 metres.

Geology consists of Takla Group volcanics, volcaniclastics and sediments that are carbonate and sericite altered, sheared and cut by quartz veins and quartz vein stockworks.

Mineralization consists of gold, occasionally in its native form, silver and minor sulphides including pyrite, in quartz veins and stockworks, with sulphides also found within shear zones or altered wallrock adjacent to quartz veining.

The Dort property is 52 kilometers southeast of the past producing Kemess South Mine and the recent NorthWest Copper Corp East Niv Discovery (2022).



Figure 1: Area overview of Dort Property

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9391/206178_3825efd294dbbb58_001full.jpg

"We are delighted to announce the option of the Dort Property, which represents a promising addition to our portfolio," said Kelly Abbott, CEO of Pegmatite One. "We consider the project to be a significantly under-explored high potential prospect located in an area of advanced mineral exploration and development activity. The company looks forward to completing an in-depth review of existing local and regional data including the application of new technology and understanding of gold-copper deposits to implement exploration of the Dort property."

Although gold has been known to occur in the area since the 1940's, exploration of the property has been limited. Despite the historic preliminary nature exploration, of activity, six gold occurrences have been documented on the site. From north to south, they are:

Hemlo Zone - The site of the only diamond drilling completed to date on the property reported an intersection 0.98 g/t Au over 1.54 m.

GV Zone - Reported up to 215 g/t gold in rock sample.

Creek Zone - Reported up to 32.5 g/t Au in rock sample.

Mariposite Creek - Reported up to 15.5 g/t Au over 125 m wide zone.

TF Zone - Reported up to 9.7 g/t Au over 600 m wide zone.

Red Bluffs - Reported up to 495 ppb Au in soil samples over 400 m wide zone.


Figure 2: Dort Property Historical Results

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9391/206178_3825efd294dbbb58_002full.jpg



Figure 3: Dort Property Tenures

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9391/206178_3825efd294dbbb58_003full.jpg

Agreement Terms

Pegmatite One's right to exercise the option and earn a 100% interest in the Project is subject to the terms of the Option Agreement. As consideration for Kreft to enter the Option Agreement, Pegmatite One shall issue common shares (the "Shares") to Kreft as follows: (i) $5,000 in Shares on or before the 10th day following the signing of the Option Agreement, (ii) $45,000 in Shares on or before April 18, 2025; and (iii) $25,000 worth of Shares prior to the commencement of any form of a drill program on the Property.

The Shares will be issued at the price that is the volume-weighted average trading price of the Shares on the Canadian Securities Exchange (the "Exchange") for the 30 trading days ending five trading days prior to the issuance of such Shares ("VWAP"), subject to a floor price equal to the minimum price per security allowed by the Exchange. Any such Shares issued will be subject to a statutory hold period of four months and one day and issued issuance. Further, Pegmatite One shall have the right, in its sole discretion, to complete any Share issuances by paying cash in lieu of issuing Shares.

Upon commencement of commercial production, Pegmatite One shall pay to Kreft the 2.5% royalty. Pegmatite One shall be entitled at any time, up to the commencement of commercial production, to purchase 2/5 of the royalty (i.e. a royalty equal to 1.0% of Net Smelter Returns) from Kreft for $1,000,000.

About Pegmatite One

Pegmatite One Lithium and Gold Corp. is a publicly traded company focused on the exploration of lithium and gold resources. Committed to responsible mining practices, the company operates two mineral exploration properties in British Columbia.

Their Georgina property, situated in the Nanaimo mining division on Vancouver Island, British Columbia, covers an area of 2,069 hectares and represents a gold prospect. Meanwhile, their latest acquisition, the Dort Project, located in Northern British Columbia, spans approximately 857 hectares and presents significant potential for gold exploration.

Pegmatite One's strategic approach involves leveraging historical data and deploying advanced technologies to maximize the value of their exploration efforts. With a dedication to sustainable resource development, Pegmatite One is poised to drive growth and success in the lithium and gold mining sector.

Qualified Person Statement

Brian Atkinson, P.Geo., a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this news release.

Forward-Looking Statements

Forward-Looking Information and Cautionary Statements Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or the negative of these terms and similar expressions. Forward-looking statements in this news release include statements relating to: Dort Property; the Project; the stated benefits, terms, and timelines associated with the Option Agreement, including, the conducting of an in-depth in-depth review of existing local and regional data, the Property the Company's stated positive assessments of the Property; the Company's ability to fulfill its obligations under the Option Agreement, including obtaining all necessary Exchange, regulatory and third party approval, the Company to issue the Shares or pay cash in lieu of; the Company's proposed exercising of the option, exploration, drilling, and production on the Property and its other properties; the Company's focus on the exploration on lithium and gold resources; the Company's commitment to responsible mining practices; and the Company operations of its two mineral exploration properties in British Columbia.

Forward-looking information in this press release are based on certain assumptions and expected future events, namely: the Company's ability to manage and meet the timing and costs of future activities on the Company's Properties; the Company's ability to maintain its mineral tenures and concessions in good standing; the Company's ability to manage the economic conditions or financial markets; the Company's ability to manage the inherent hazards associates with mineral exploration and mining operations; future prices of metals; changes in general economic conditions; the potential for new discoveries; the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the its projects located on its Properties, and if obtained, to obtain such permits and consents in a timely fashion relative to the Company's plans and business objectives for such projects; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with environmental laws and regulations, dependence on key management personnel and general competition in the mining industry; the Company's ability to realize the stated benefits of Dort Property and the Project; the Company's ability to realize and fulfill the stated benefits, terms, and timelines associated with the Option Agreement; the Company's ability to fulfill its obligations under the Option Agreement; the Company's ability to carry out the proposed exercising of the option; the Company's ability to continue its focus on the exploration on lithium and gold resources; the Company's ability to fulfill its commitment to responsible mining practices; and the Company ability to continue its operations of its two mineral exploration properties in British Columbia.

These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the Company's inability to manage and meet the timing and costs of future activities on the Company's properties; the Company's inability to maintain its mineral tenures and concessions in good standing; the Company's inability to manage the economic conditions or financial markets; the Company's inability to manage the inherent hazards associates with mineral exploration and mining operations; adverse changes to future prices of metals; adverse changes in general economic conditions; the lack of new discoveries; the inability of the Company to obtain the necessary permits and consents required to explore, drill and develop the its projects located on its properties, and if obtained, its inability to obtain such permits and consents in a timely fashion relative to the Company's plans and business objectives for such projects; the inability of the Company to monetize its mineral resources; and adverse changes in environmental and other laws or regulations that will have an impact on the Company's operations, the Company's inability to maintain compliance with environmental laws and regulations, the adverse effects resulting from its dependence on key management personnel and adverse changes due to the general competition in the mining industry; the Company's inability to realize the stated benefits of Dort Property and the Project; the Company's inability to realize and fulfill the stated benefits, terms, and timelines associated with the Option Agreement; the Company's inability to fulfill its obligations under the Option Agreement; the Company's inability to carry out the proposed exercising of the option; the Company's inability to continue its focus on the exploration on lithium and gold resources; the Company's inability to fulfill its commitment to responsible mining practices; and the Company inability to continue its operations of its two mineral exploration properties in British Columbia.

Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

NEITHER THE CSE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

On Behalf of the Board of Directors,
Pegmatite One Lithium and Gold Corp.
Kelly Abbott
President & CEO

Email: [e-mail]
Website: www.pegmatiteone.com
Phone: [phone] x228

SOURCE: Pegmatite One Lithium and Gold Corp.

[Lone Clone]

WEST MINING CORE SAMPLING PROGRAM DESIGNED TO UPGRADE CURRENT RESOURCE ON ITS 100% OWNED KENA PROJECT

https://ca.finance.yahoo.com/news/west-mining-corp-core-sampling-203000533.html

West Mining Corp.
Fri, April 19, 2024 at 1:30 p.m. PDT·6 min read

WESMF
0.00%

VANCOUVER, B.C., April 19, 2024 (GLOBE NEWSWIRE) -- WEST MINING CORP. (“WEST” OR THE “COMPANY”) (CSE: WEST) (OTC: WESMF) (FRA: 1HL)

[Lone Clone]

Ascot Pours First Gold During Commissioning at the Premier Gold Project

https://ca.finance.yahoo.com/news/ascot-pours-first-gold-during-110000855.html

Ascot Resources Ltd.
Mon, April 22, 2024 at 4:00 a.m. PDT·5 min read

AOTVF
+0.19%

VANCOUVER, British Columbia, April 22, 2024 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce that on April 20, 2024 the Company poured first gold as a part of the commissioning process at the Premier Gold Project (“PGP” or the “Project”), located on Nisga’a Nation Treaty Lands in the Golden Triangle of northwestern British Columbia.

Derek White, President and CEO, commented, "The first gold pour is a hallmark commissioning milestone for Ascot, representing the culmination of years of hard work. We express our gratitude to our dedicated workforce, our diligent contractors, our supportive shareholders and financiers, Nisga’a Nation, government officials, and the local communities of Stewart, BC and Hyder, Alaska – all of whom played important roles in seeing this first gold pour come to fruition.”

Commissioning of the process plant at PGP is ongoing, with commercial production anticipated in Q3 of 2024. The first gold pour was achieved from gold recovered through the gravity circuit. Commissioning of the carbon-in-leach (“CIL”) circuit is currently underway. Ascot will provide a more comprehensive update on the commissioning progress in due course.

Figure 1 – First gold pour during commissioning at PGP



Figure 1
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/415877fa-b5b9-401c-a5b6-1bf7b432695d

Qualified Person

John Kiernan, P.Eng., Chief Operating Officer of the Company is the Company’s Qualified Person (QP) as defined by National Instrument 43-101 and has reviewed and approved the technical contents of this news release.

On behalf of the Board of Directors of Ascot Resources Ltd.
“Derek C. White”
President & CEO

For further information contact:

David Stewart, P.Eng.
VP, Corporate Development & Shareholder Communications
[e-mail]
778-725-1060 ext. 1024

About Ascot Resources Ltd.

Ascot is a Canadian mining company focused on commissioning its 100%-owned Premier Gold Mine, which poured first gold in April 2024 and is located on Nisga’a Nation Treaty Lands, in the prolific Golden Triangle of northwestern British Columbia. Concurrent with commissioning Premier towards commercial production anticipated in Q3 of 2024, the Company continues to explore its properties for additional high-grade gold mineralization. Ascot’s corporate office is in Vancouver, and its shares trade on the TSX under the ticker AOT and on the OTCQX under the ticker AOTVF. Ascot is committed to the safe and responsible operation of the Premier Gold Mine in collaboration with Nisga’a Nation and the local communities of Stewart, BC and Hyder, Alaska.

For more information about the Company, please refer to the Company’s profile on SEDAR+ at www.sedarplus.ca or visit the Company’s web site at www.ascotgold.com.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

All statements and other information contained in this press release about anticipated future events may constitute forward-looking information under Canadian securities laws ("forward-looking statements"). Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect", "targeted", "outlook", "on track" and "intend" and statements that an event or result "may", "will", "should", "could", “would” or "might" occur or be achieved and other similar expressions. All statements, other than statements of historical fact, included herein are forward-looking statements, including statements in respect of advancement and development of the PGP and the timing related thereto, the completion of the PGP mine, the production of gold and management’s outlook for the remainder of 2024 and beyond. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including risks associated with entering into definitive agreements for the transactions described herein; fulfilling the conditions to closing of the transactions described herein, including the receipt of TSX approvals; the business of Ascot; risks related to exploration and potential development of Ascot's projects; business and economic conditions in the mining industry generally; fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and indigenous groups in the exploration and development of Ascot’s properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risk factors as detailed from time to time in Ascot's filings with Canadian securities regulators, available on Ascot's profile on SEDAR+ at www.sedarplus.ca including the Annual Information Form of the Company dated March 25, 2024 in the section entitled "Risk Factors". Forward-looking statements are based on assumptions made with regard to: the estimated costs associated with construction of the Project; the timing of the anticipated start of production at the Project; the ability to maintain throughput and production levels at the PGP mill; the tax rate applicable to the Company; future commodity prices; the grade of mineral resources and mineral reserves; the ability of the Company to convert inferred mineral resources to other categories; the ability of the Company to reduce mining dilution; the ability to reduce capital costs; and exploration plans. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Although Ascot believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since Ascot can give no assurance that such expectations will prove to be correct. Ascot does not undertake any obligation to update forward-looking statements, other than as required by applicable laws. The forward-looking information contained in this news release is expressly qualified by this cautionary statement.

[Lone Clone]

Kobrea Discusses Phase 1 Exploration Program at the Upland Copper Project

https://www.newsfilecorp.com/release/206078

April 18, 2024 4:15 PM EDT | Source: Kobrea Exploration Corp.

Vancouver, British Columbia--(Newsfile Corp. - April 18, 2024) - Kobrea Exploration Corp. (CSE: KBX) (FSE: F3I) (OTCQB: KBXFF) ("Kobrea" or the "Company") is pleased to introduce the Upland Copper Project ("Upland Copper" or the "Project") and discuss upcoming 2024 exploration plans. The 5,300 hectare, road-accessible project is located 20 kilometres northeast of the town of Barriere and 20 kilometres south of the Taseko Mines Limited's Yellowhead Project (Figure 1) in south-central British Columbia. Upland Copper is host to a copper-dominant, remobilized polymetallic volcanogenic massive sulphide deposit that is open for expansion.



Figure 1 - Location map. *The Company notes that mineralization hosted on adjacent and/or nearby and/or geologically similar properties is not necessarily indicative of mineralization hosted on the Project.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10375/206078_20010861b43eb961_001full.jpg

Upland Copper Project

The first recorded exploration programs on Upland Copper Project began in 1965 after local prospectors discovered mineralized float boulders southeast of the Project. Numerous geophysical, geochemical and diamond drilling programs were completed between 1965 and 2010 on the Project.

50 drill holes totaling 8,095 metres, completed by previous operators on the Project, have outlined copper mineralization over a 1.6 km by 1.0 km area (Figure 2). Historical drilling indicates that mineralization is open to depth, with numerous holes bottoming in copper mineralization including drill hole P-70-9 which averaged 0.32% over the entire 74 metres of the hole (Figures 3 & 4). The deepest drilling to date reached a depth of 235 metres.

A total of 3,260 soil samples have been collected on the Project by previous operators. Such samples have outlined a 3.7 km by 1.0 km copper-in-soil anomaly that coincides well with copper mineralization intersected in historical drilling. Anomalous copper-in-soils extend south beyond historical drilling approximately 1.5 kilometres, with large portions of the copper-in-soil anomaly untested by drilling (Figure 2).

Together with ground-based geophysical surveys completed historically and an airborne magnetic survey completed by Kobrea in 2022, favourable copper-bearing stratigraphy has been outlined that correlates with copper mineralization intersected in historical drilling. Induced polarization ("IP") surveys completed by previous operators have outlined a 4.0 by 1.2 kilometre chargeability high anomaly that is open to the northwest (Figure 3).

All historical exploration at the Project has not been verified by the Company and the historical exploration information in this news release is sourced entirely from the independent technical report entitled "Technical Report on the Upland Copper Project" dated June 13, 2023, prepared for the Company by Sean Butler, P. Geo.



Figure 2 - Historical soil geochemical surveys (showing copper) and drill hole locations.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10375/206078_20010861b43eb961_002full.jpg



Figure 3 - Historically defined IP chargeability high anomaly atop mapped geology and drill hole locations.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10375/206078_20010861b43eb961_003full.jpg



Figure 4 - Cross-section N5690088 showing historical drill results (copper) and interpreted geology.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10375/206078_20010861b43eb961_004full.jpg

2024 Phase 1 Exploration

The Company intends to commence trenching, soil geochemistry, and bedrock mapping on the Project in the late spring of 2024. This will better define copper mineralization in bedrock and improve confidence in the geological model. Two 500-metre-long trenches have been proposed to be excavated over two mineralized cross-sections of the deposit, which will help to determine continuity of mineralization and will aid in targeting the higher-grade domains seen in historical drilling. The results from the first phase of exploration at the Upland Copper project will be used to target subsequent drilling.

Marketing Agreement

Kobrea is also pleased to announce that it has entered into an agreement with MIC Market Information & Content Publishing GmbH ("MIC") (Address: Gerhart-Hauptmann-St. 49b 51379 Leverkusen; email: contact @) for a 6-month marketing engagement, commencing on April 18, 2024. MIC will utilize its online programs and those of third-party service providers to generate a greater following, increase investor awareness and attract potential new investors for the Company in consideration of EUR50,000. The promotional activity will occur through various online platforms and methods of engagement, including, without limitation, advertorials, creation of texts, reports and research articles, text ads and display ads. MIC does not have a prior relationship with the Company.

Qualified Person

The scientific and technical information in this news release has been reviewed by Rory Ritchie, P.Geo., Chief Geologist and Director of Kobrea and a Qualified Person under National Instrument 43-101. The results referenced in this news release were completed by previous operators of the Project. Although the Company was not involved in such work, proper industry data verification procedures appear to have been followed.

ON BEHALF OF THE BOARD OF DIRECTORS

Per: "James Hedalen"
James Hedalen
CEO & Director

About Kobrea Exploration Corp.

Kobrea Exploration Corp. is a mineral exploration & development company focused on the acquisition and exploration of base metal projects. The Company holds a 100% interest in the Upland Copper Project in British Columbia, Canada.

For more information, please consult the Company's filings, available at www.sedarplus.ca.

Contact Information

James Hedalen
CEO & Director
Mobile: [phone]
Email: [e-mail]

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws with respect to the Company. These forward-looking statements generally are identified by words such as "believe," "project," "aim," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," and similar expressions and in this press release include statements respecting: the phase 1 work program at the Project and the scope and timing thereof; the intention to use the results from the phase 1 work program to target subsequent drilling; and the MIC engagement and services to be provided by MIC thereunder. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release. The forward-looking statements included in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable laws.

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

SOURCE: Kobrea Exploration Corp.

[Lone Clone]

CMC Metals Releases a New Mineralization Model and Selected 2023 Drill Results from Its Silverknife Property

https://www.accesswire.com/853180/cmc-metals-ltd-releases-a-new-mineralization-model-and-selected-2023-drill-results-from-its-silverknife-property

Monday, 15 April 2024 10:10 AM

VANCOUVER, BC / ACCESSWIRE / April 15, 2024 / CMC Metals Ltd. (TSX-V:CMB)(Frankfurt:ZM5P)(OTCQB:CMCXF) ("CMC" or the "Company") is pleased to announce that the Company has prepared a new conceptual mineralization model (see Figure 1) for its Silverknife Property. The model is based on an interpretation of recent and historical exploration data and publicly available regional data. The model will serve as a guideline to future exploration efforts on the property and conceptually depicts the potential of the four zones on the property previously announced on March 20, 2024.

In addition, selected results from the 2023 drilling at the Silverknife Prospect Area not previously announced, were as follows:

Hole SKP 23-02 from a depth of 34.0 meters to 202.27 was consistently mineralized with elevated levels of zinc and lead. Of particular note is (i) a 16.19 meter interval from 41.33-57.52 meters with an average of 11,399.3 g/t zinc with a range of values from 1,245-38,500 g/t zinc and lead values ranging from 624-11,250 g/t; (ii) a 13.65 meter interval from 83.85-97.50 meters with an average of 13,580 g/t zinc with a range of values from 2,380-34,700 g/t zinc and lead values ranging from 288-6,020 g/t (iii) a 2.70 meter interval from 125.80-128.50 m with 0.31 g/t Gold, and 59. 7 g/t Silver; and (iv) a 4.00 meter interval from 139-143.00 m with 0.20 g/t Gold, and 56.10 g/t Silver
Hole SKP 23-03 with a 1.2 meter interval from 190.30-191.50 meters with 53 g/t silver, 34,600 g/t lead, and 7,440 g/t zinc.
Hole SKP 23-04 with a 1.98 meter interval from 123.40-125.38 meters with 25.02 g/t silver, 6,154.2 g/t lead, and 46,921 g/t zinc.
Hole SKP 23-06: 881 g/t silver, 5,060 g/t lead, 1,500 g/t zinc and 1,335 g/t copper at a depth interval of 67.7-68.20 meters
Hole SKP 2P 23-07 with (i) a 3.91 meter interval from 72.00-75.91 m with 0.73 g/t Gold, and 17.63 g/t Silver; and (ii) a 1.6 meter interval from 172.05-173.65 meters with 9,079.7 g/t zinc
Hole SKP 23-08 with (i) a 26.52 meter interval from70.48-97.00 meters with 2,078 g/t zinc with values ranging from 1,415-14,350 g/t and lead values ranging from 209-4,040 g/t; and, (ii) a 5.88 meter interval from 100.12-106.0 meters grading 4,224.49 g/t zinc with elevated level s of lead and zinc from 63.0-107.87 meters.
Hole SKP 23-09 with (i) a 1.0 meter interval from 55.0-56.0 meters grading 189 g/t silver, 2,680 g/t lead and 651 g/t zinc; (ii) a 1.0 meter interval from 61.0-62.0 meters grading 46 g/t silver, 1,700 g/t lead and 5,790 g/t zinc; and (iii) a 1.52 meter interval from 129.96-131.48 meters grading 67 g/t silver, 15,100 g/t lead and 4,030 g/t zinc in mineralized intervals from 55.0-72.01 meters, 93.30-96.27 meters and 123.97-134.0 meters.

Fugitive calcite veining was noted in Holes SKP 23-04, SKP 23-05,SKP 23-06, SKP 23-07, SKP 23-08 and SKP 23-09. This is significant as fugitive calcite with cross-cutting "epithermal textures" suggest the presence of a large, longer life mineralizing system which is a critical factor in the formation of carbonate replacement deposits.

Mr. Kevin Brewer, P.Geo. and President and CEO of the Company noted that "We initially did not understand the significance of this data. We hit mineralization in seven of the nine holes we drilled in this area. Furthermore, the alteration associated with the mineralization, suggests we are proximal to a large system. We encountered faulting in the drilling program that forced us to abandon two of the holes, and faulting is evidence that the plumbing system exists in this area for fluid migration, and the heat source exists as we intercepted the Cassiar granodiorite at depth. This verifies to us the significant potential of the Silverknife Prospect Zone which is yet to be fully evaluated and also the immense potential of examining western extensions of this system in the South-Central Silverknife Zone where we have large conductivity anomalies associated with significant geochemical soil anomalies. The development of the conceptual mineralization model by our project geologist Cesar Symonds is also a great addition to our knowledge of the property."



Qualified Person

Qualified Person Kevin Brewer, a registered professional geoscientist, is the Company's President and CEO, and Qualified Person (as defined by National Instrument 43-101). He has given his approval of the technical information pertaining reported herein. The Company is committed to meeting the highest standards of integrity, transparency and consistency in reporting technical content, including geological reporting, geophysical investigations, environmental and baseline studies, engineering studies, metallurgical testing, assaying and all other technical data.

About CMC Metals Ltd.

CMC Metals Ltd. is a growth stage exploration company focused on opportunities for high grade polymetallic deposits in British Columbia, Yukon and Newfoundland. Our flagship project is the Silverknife Property in the emerging Rancheria Silver District. Other projects in this District include the Amy project (British Columbia) and the Silver Hart Deposit/Blue Heaven claims (Yukon). Our polymetallic projects with potential for copper-silver-gold and other metals include Bridal Veil (Newfoundland) and Logjam (Yukon), both of which are available for option.

On behalf of the Board:

"John Bossio"
John Bossio, Chairman
CMC METALS LTD.

For Further Information and Investor Inquiries:

Kevin Brewer, P. Geo., MBA, B.Sc.(Hons), Dip. Mine Eng.
President, CEO and Director
Tel: [phone]
[e-mail]
Suite 1000-409 Granville St., Vancouver, BC, V6C 1T2

To be added to CMC's news distribution list, please send an email to [e-mail] or contact Mr. Kevin Brewer directly.











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

"This news release may contain certain statements that constitute "forward-looking information" within the meaning of applicable securities law, including without limitation, statements that address the timing and content of upcoming work programs, geological interpretations, receipt of property titles and exploitation activities and developments. In this release disclosure regarding the potential to undertake future exploration work comprise forward looking statements. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks, including the ability of the Company to raise the funds necessary to fund its projects, to carry out the work and, accordingly, may not occur as described herein or at all. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, the impact of the constantly evolving COVID-19 pandemic crisis and continued availability of capital and financing and general economic, market or business conditions. Readers are referred to the Company's filings with the Canadian securities regulators for information on these and other risk factors, available at www.sedar.com. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation."

SOURCE: CMC Metals Ltd.

[Lone Clone]

Talisker Intersects 56.88 g/t Au over 1.00 Metre from the Bralorne Gold Project Resource Conversion Program

https://ca.finance.yahoo.com/news/talisker-intersects-56-88-g-110000335.html

Talisker Resources Ltd.
Wed, April 17, 2024 at 4:00 a.m. PDT·10 min read

TSKFF
0.00%

TORONTO, April 17, 2024 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX:TSK | OTCQX:TSKFF)

[Lone Clone]

American Eagle's 2024 Exploration Program Underway

https://www.newsfilecorp.com/release/205772

April 17, 2024 6:00 AM EDT | Source: American Eagle Gold Corp.

Highlights:

Deep penetrating Induced Polarization ("IP") ground geophysical survey to commence today
2023's IP survey showed excellent correlation with zones of high-grade mineralization
15,000 m drill program to begin in May
Technical Update Video provided by Charlie Greig

Toronto, Ontario--(Newsfile Corp. - April 17, 2024) - American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) ("American Eagle" or the "Company") is pleased to announce that the 2024 exploration program at its NAK property is about to get underway with an initial nine line, deep-looking IP survey (see Fig. 1 here). The IP survey will add to the three-line deep-penetrating survey completed last year. The inversion modeling of that data, when combined with data from historical IP work at the NAK project, strongly suggested that the shoulder of the IP chargeability high broadly correlated with the zones of best mineralization encountered in the 2023 drilling.

View NAK Presentation by Charlie Greig

The IP survey aims to build on the successful three-line deep-looking IP survey run in the fall of 2023. Inversion modeling of the IP data from that survey strongly indicated that the inner flank, or shoulder, of the IP chargeability high correlated well with better grades in drillholes NAK23-08, -11 and -17 in the south zone, and in Holes NAK23-12, -13, and -14 in the North Zone. Nine IP lines are slated for the 2024 program, extending from the southwestern-most part of the NAK property to the northeastern-most part. This work is anticipated to increase the Company's confidence in targets at depth, and modelling of the data will incorporate historical data, which outlined a classic, broad but shallow IP chargeability halo enveloping the Eocene Babine granodiorite porphyry stock at NAK. The expanded survey will provide additional confidence in planning broad step-out drilling, in testing between the Company's broad, high-grade intersections at it's North and South zones, and possibly in highlighting depth targets elsewhere on the property, where shallow historical drilling showed promising indications of porphyry-style Cu-Au-Mo-Ag mineralization.

Details of NAK's 2024 Drill Program:

Planning for the 2024 drill campaign is well underway. It will integrate the Company's growing understanding of the relationship between reactive and permeable host rocks, and the emplacement of multi-phase Eocene dikes and sills, resulting in the development of a detailed mineralization and alteration model. The expanded 2024 program, which will consist of 15,000 metres, will aim to link, better define, and expand upon the historical North and South zones, which the Company showed in its 2022 and 2023 drill programs extends to great depths. Intercepts from 2023 include 900 m of 0.50% Copper Equivalent in the North zone (Link to NAK23-12 News Release) and 302 metres of 1.09% within 606 m of 0.74% Copper Equivalent starting from 98 metres downhole in the South Zone (Link to NAK23-17 News Release).

About American Eagle's NAK Project

The NAK Project lies within the Babine copper-gold porphyry district of central British Columbia. It has excellent infrastructure through all-season roads and is close to the towns of Smithers, Houston, and Burns Lake, B.C., which lie along a major rail line and Provincial Highway 16. Historical drilling and geophysical, geological, and geochemical work at NAK, which began in the 1960's, tested only to shallow depths. Still, the work revealed a very large near-surface copper-gold system that measures over 1.5 km x 1.5 km. Drilling completed in 2022 and 2023 by American Eagle has returned significant intervals of high-grade copper-gold mineralization that lie beyond the extent of historical drilling, indicating that several zones of near-surface and deeper mineralization, locally with considerably higher grades, exist within the broader NAK property mineralizing system.

For the latest videos from American Eagle, Ore Group, and all things mining, subscribe to our YouTube Chanel: youtube.com/@theoregroup

About American Eagle Gold Corp.

American Eagle is focused on exploring its NAK copper-gold porphyry project in west-central British Columbia, Canada.

Anthony Moreau, Chief Executive Officer
416.644.1567
[e-mail]
www.americaneaglegold.ca

Q.P. Statement

Mark Bradley, B.Sc., M.Sc., P.Geo., a Certified Professional Geologist and 'qualified person' for the purposes of Canada's National Instrument 43-101 Standards of Disclosure for Mineral Properties, has verified and approved the information contained in this news release.

Reader Advisory

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the TSX Venture Exchange policies) accepts responsibility for the adequacy or accuracy of this release. Certain information in this press release may contain forward-looking statements. Forward-looking statements in this press release include but are not limited to, statements regarding whether the Company can exercise its option to acquire the Project as anticipated and whether the Company's exploration efforts on the Project produce the results anticipated by management. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Therefore, actual results might differ materially from those suggested in forward-looking statements. American Eagle Gold Corp. assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to American Eagle Gold Corp. Additional information identifying risks and uncertainties is contained in filings by American Eagle Gold Corp. with Canadian securities regulators, which filings are available under American Eagle Gold Corp. profile at www.sedarplus.ca.

SOURCE: American Eagle Gold Corp.

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InZinc Reports High Grade Barite and Extends Barite Trend to 700 m Strike Length

https://www.newsfilecorp.com/release/205623

April 17, 2024 9:45 AM EDT | Source: InZinc Mining Ltd.

Vancouver, British Columbia--(Newsfile Corp. - April 17, 2024) - InZinc Mining Ltd. (TSXV: IZN)

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Vizsla Copper Completes Acquisition of Universal Copper

https://www.newswire.ca/news-releases/vizsla-copper-completes-acquisition-of-universal-copper-877900762.html

Vizsla Copper Corp. Apr 18, 2024, 08:00 ET

VANCOUVER, BC, April 18, 2024 /CNW/ - Vizsla Copper Corp. (TSXV: VCU) ("Vizsla Copper") and Universal Copper Ltd. (TSXV: UNV) ("Universal Copper") are pleased to announce the completion of the plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement"), as previously disclosed on February 14, 2024. Pursuant to the terms of the Arrangement, among other things, (i) Vizsla Copper acquired 100% of the issued and outstanding common shares in the capital of Universal Copper (the "UNV Shares") in exchange for the issuance of 0.23 common shares in the capital of Vizsla Copper (each whole common share, a "Vizsla Copper Share") to shareholders of Universal Copper ("Shareholders") in exchange for each UNV Share (the "Exchange Ratio"), (ii) Universal Copper's outstanding stock options ("Options") were exchanged for options of Vizsla Copper, and (iii) Universal Copper's outstanding warrants became exercisable to acquire Vizsla Copper Shares, in amounts and at exercise prices adjusted in accordance with the Exchange Ratio.

On April 16, 2024 the Supreme Court of British Columbia issued the final order to approve the Arrangement. The Arrangement received the requisite approval of Universal Copper's securityholders at a special meeting of securityholders held on April 10 , 2024.



Craig Parry, Executive Chairman of Vizsla Copper, stated: "The closing of this transaction is very timely, with the copper market now in structural undersupply. Demand is increasing, driven by new infrastructure needed for EV, AI, and cloud storage requirements and on the supply side, we have seen reductions in production rather than expected increases. This has led to certain analyst predictions that the copper price will be US$6/lb or more in the near term. There has never been a better time to acquire and advance copper projects in a mining-friendly jurisdiction like British Columbia.

We welcome the shareholders of Universal Copper to Vizsla Copper and look forward to the opportunity to provide value to all stakeholders. I want to thank both the Vizsla Copper and Universal Copper teams for their hard work to get this done expeditiously. Vizsla Copper is now uniquely positioned with two significant copper resource bases at the Woodjam and Poplar projects. The Vizsla Copper team is excited to begin it's work on the large, highly prospective Poplar project which contains a large, near-surface porphyry-related Cu-Au deposit. We look forward to unlocking additional value at both Poplar and Woodjam."

Clive Massey, President and CEO of Universal Copper, stated: "We are thrilled to mark the completion of this transformative arrangement with Vizsla Copper, a milestone that not only enhances value for our shareholders but also strengthens our market position. This merger is a strategic alignment of our assets and visions, designed to accelerate growth and capitalize on our synergies. The overwhelming support from our shareholders reflects their confidence in the potential of this combined entity to lead and innovate in the copper industry."

Following the completion of the Arrangement, there are 181,375,021 issued and outstanding Vizsla Copper Shares.

For additional details regarding the Arrangement see Universal Copper's management information circular dated March 5, 2024, a copy of which can be found under the Univesal Copper's profile on SEDAR+ at www.sedarplus.ca.

The UNV Shares are expected to be de-listed from the TSX Venture Exchange effective as of the close of business on or about April 19, 2024. Vizsla Copper also intends to submit an application to the applicable securities regulators to have Universal Copper cease to be a reporting issuer and terminate its public reporting obligations.

Action Required by Universal Copper Shareholders
Registered shareholders of Univesal Copper are reminded to submit a duly completed letter of transmittal and, as applicable, the certificate(s) and/or DRS advice(s) representing their UNV Shares to Computershare Investor Services Inc.

Early Warning Reporting
By virtue of its acquisition of all the issued and outstanding UNV Shares pursuant to the Arrangement, Vizsla Copper is required to file an early warning report pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. A copy of the early warning report will be filed on Universal Copper's SEDAR+ profile at www.sedarplus.ca.

Neither 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.

About Vizsla Copper
Vizsla Copper is a Cu-Au-Mo focused mineral exploration and development company headquartered in Vancouver, Canada. Vizsla Copper is primarily focused on its flagship Woodjam project, located within the prolific Quesnel Terrane, 55 kilometers east of the community of Williams Lake, British Columbia. It has three additional copper exploration properties: Copperview, Redgold and Carruthers Pass, all well situated amongst significant infrastructure in British Columbia. Vizsla Copper's growth strategy is focused on the exploration and development of its copper properties within its portfolio in addition to value accretive acquisitions. Vizsla Copper's vision is to be a responsible copper explorer and developer in the stable mining jurisdiction of British Columbia, Canada and it is committed to socially responsible exploration and development, working safely, ethically and with integrity.

About Universal Copper
Universal Copper is a Canadian-based copper exploration company focused on the acquisition and exploration of copper properties. The Company's management team has many years of experience in exploration, finance, and efficient public company management. Universal Copper's current focus is on advancing the Poplar Copper Project, one of the most advanced pre-production copper projects in British Columbia with a historic 43-101 resource.

Cautionary Statement:
Certain information in this news release is considered forward-looking within the meaning of certain securities laws and is subject to important risks, uncertainties and assumptions. This forward-looking information includes, among other things, information with respect to the Company's beliefs, plans, expectations, anticipations, estimates and intentions. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forward-looking information. The forward-looking information in this news release describes the Company's expectations as of the date of this news release.

The results or events anticipated or predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from such forward-looking information include, among others, risks arising from general economic conditions; adverse industry events; inability to realize anticipated synergies; future legislative and regulatory developments; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; income tax and regulatory matters; the ability of Vizsla to implement their business strategies; competition; and currency and interest rate fluctuations and other risks. Readers are cautioned that the foregoing list is not exhaustive.

The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed a certain progression, which may not be realized. It has also assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME.

SOURCE Vizsla Copper Corp.

For further information: CONTACT INFORMATION: For more information regarding Vizsla Copper and to sign-up to the mailing list, please contact: Craig Parry, Executive Chairman, Tel: [phone]| Email: [e-mail]

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Eastfield Expands the Zymo Property Adding Several New Targets

https://thenewswire.com/press-releases/1BOxF6qoE-eastfield-expands-the-zymo-property-adding-several-new-targets.html

April 17, 2024 – TheNewswire – Eastfield Resources Ltd. (“Eastfield”, TSX-V: ETF)

[Lone Clone]

Canadian Critical Minerals Achieving Positive Results from Ore Sorting at Bull River Mine

https://www.newsfilecorp.com/release/205609

April 16, 2024 8:00 AM EDT | Source: Canadian Critical Minerals Inc.

Calgary, Alberta--(Newsfile Corp. - April 16, 2024) - Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ("CCMI" or the "Company") is pleased to report that it is achieving positive results from ore sorting at the Bull River Mine ("BRM") project near Cranbrook, BC. The Company is using a Steinert KSS 100 X-Ray Transmissive Ore Sorter ("Ore Sorter") to pre-concentrate coarse mineralized material from a large surface stockpile at the BRM prior to transporting to New Afton for processing under an Ore Purchase Agreement ("OPA") (see press release dated October 5, 2023, on Sedar+).

The Company previously announced the successful commissioning of the Ore Sorter (see press release dated March 18, 2024, on Sedar+). During the month of February 2024 and prior to the imposition of road restrictions on February 24th, 2024, the Company trucked 897 wet metric tonnes ("wmt") of mineralized material to New Afton. This run of mine material from the surface stockpile graded 1.39% copper, 0.29 g/t gold and 11 g/t silver and is representative of the insitu grade of the surface stockpile.

In late March and early April 2024, the Company produced 146 wmt of high-grade mineralized material using the ore sorter and trucked this material to New Afton. This sorted material graded 3.53% copper, 0.60 g/t gold and 27.58 g/t silver. This represents a 250% improvement in copper grade using ore sorting. Readers are cautioned that while ore sorting appears effective, the Company may not see similar results in future.

The Company expects road restrictions will be removed in the next week to 10 days after which it intends to increase weekly trucking to New Afton.

Ian Berzins, President and CEO commented, "We are extremely pleased with the initial results of ore sorting. A 250% increase in copper grade exceeded our expectations. With the ore sorter now commissioned, we plan to focus on optimization of quality and throughput."

Qualified person
CCMI's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Gary Low P.Geo., who serves as a Consultant to the Company and is a Qualified Person under the definition of National Instrument 43-101.

About Canadian Critical Minerals Inc.
CCMI is a mining company primarily focused on two near-term copper production assets in Canada. CCMI's main asset is the 100% owned Bull River Mine project (>135 million lbs of copper) near Cranbrook, British Columbia which has a Mineral Resource containing copper, gold and silver. CCMI also owns a 34% interest in the Thierry Mine project (>1.3 billion lbs of copper) near Pickle Lake, Ontario which has a Mineral Resource containing copper, nickel, silver, palladium, platinum and gold.

Contact Information
Canadian Critical Minerals Inc.
Ian Berzins
President & Chief Executive Officer
M: [phone]
E: [e-mail]
Website: www.canadiancriticalmineralsinc.com

Caution Regarding Forward-Looking Information
This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and other risks.

Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. 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, except as required by law.

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

SOURCE: Canadian Critical Minerals Inc.

[Lone Clone]

Golden Cariboo Commences 2024 Drilling Campaign

https://thenewswire.com/press-releases/1AXXFXnQP-golden-cariboo-commences-2024-drilling-campaign.html

April 16, 2024 – TheNewswire - Vancouver, Canada – Golden Cariboo Resources Ltd. (“GCC or the Company”) (CSE:GCC), (OTC:GCCFF), (WKN:A0RLEP) announced today that it has commenced drilling at its Quesnelle Gold Quartz Mine Project (“QGQ Project”) near Hixon, BC, and has recently completed the first diamond drill hole (QGQ24-05) of its 2024 drilling campaign.





The Company is operating two shifts and under optimal conditions, is drilling approximately 100 meters per day.

Drill hole QGQ24-05 was drilled for 321m from the same pad as QGQ23-04 to target the greenstone-phyllite contact to the northwest of QGQ23-04 and possible mineralization on the west side of the contact. Logging and sampling of QGQ24-05 is in progress with over half completed to date. Samples are being shipped to the lab regularly for analysis. The drill is currently re-mobilizing to commence drilling of QGQ24-06.





The balance of logging and sampling of drill hole QGQ23-04 (formerly referred to as QGQ23-01) from the Company’s 2023 drill program has been completed. 122 samples were expedited to ALS Geochemistry in North Vancouver, BC for analysis. Results are pending.

Company President and CEO, Mr. J. Frank Callaghan commented “We are excited to have launched our 2024 drilling campaign. The Company has a 5-year exploration permit with approval to drill 270 surface diamond drill holes on 54 drill pads. I anticipate this will lead to an exciting time ahead as our exploration and management teams strive to put our third mine into production in British Columbia’s prolific Cariboo mining region.”

Mr. Callaghan commented further, stating “The Company acquired the QGQ Project due to its historic production, presence of a greenstone contact and its potential to host similar mineralization to the Bonanza Ledge Mine, which our team originally discovered and put into production at Osisko Development’s Cariboo Gold Project. After Golden Cariboo’s team put the Bonanza Ledge Mine into production and further developed the Cariboo Gold Project, it was acquired by Osisko Royalties for $330 million and is now owned and operated by Osisko Development. We feel that there is a similar opportunity to repeat our achievements at the QGQ Project and fundamentally believe that you make a mine, you don’t find one.”

About Golden Cariboo Resources Ltd.

Golden Cariboo Resources Ltd. is rediscovering the Cariboo Gold Rush by proceeding with high-grade targeted drilling and trenching programs on its Quesnelle Gold Quartz Mine Project which is almost fully encircled on 3 of 4 sides by Osisko Development (NSE-ODV/TSXV-ODV). Historically, over 101 placer gold creeks on the 90 km trend from the Cariboo Hudson mine north to the Quesnelle Gold Quartz mine have recorded production and successful placer mining continues to this day.

Golden Cariboo’s Quesnelle Gold Quartz Mine property is 4 km northeast of, and road accessible from, Hixon in central British Columbia. The property includes the Quesnelle Quartz gold-silver deposit, which was discovered in 1865 in conjunction with placer mining activities. Hixon Creek, which dissects the Quesnelle Gold Quartz Mine property, is a placer creek which has seen small-scale placer production since the mid 1860’s.

For further information please contact:

GOLDEN CARIBOO RESOURCES LTD

“J. Frank Callaghan”

J. Frank Callaghan, President & CEO

Tel: [phone]

Neither the “CSE” Canadian Securities Exchange nor its Regulation Service Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements:

This news release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and plans of the Company. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes information regarding; the expectation that the Company will receive all necessary exemptions and approvals to complete the Offering; the expectation that the Company will complete the Offering on the terms disclosed, or at all; the expectation that the proceeds will be used for property exploration and for general working capital; the Company’s exploration plans with respect to its Quesnelle Gold Quartz Mine property; and the anticipated participation of the insider in the Offering.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the Company will receive all necessary exemptions and approvals to complete the Offering; that the Company will complete the Offering on the terms disclosed, or at all; that the proceeds will be used for property exploration and for general working capital; that the Company will have the resources required to proceed with its exploration plans; that the Company will not run into regulatory or other barriers in carrying out its business plans; that the insider will participate in the Offering, on the terms and conditions and in the amount currently expected by management; and that the Company will be able to rely on the exemption from the formal valuation and minority shareholder approval requirements on the basis anticipated.

Additionally, forward-looking information involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the Company will not receive the necessary exemptions and approvals to complete the Offering; that the Company will not complete the Offering on the terms disclosed, or at all; that the Company will be unable to use the proceeds for property exploration and for general working capital; that the Company may incur unanticipated costs; that the Company may not have the resources required to pursue its exploration plans; that the Company’s operations could be adversely affected by possible future government legislation policies and controls or by changes in applicable laws and regulations; that the insider may not participate in the Offering on the terms and conditions and in the amount currently expected by management, or at all; and that the Company may not be able to rely on the exemption from the formal valuation and minority shareholder approval requirements on the basis currently expected. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Neither the Company nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this news release. Neither the Company nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this news release by you or any of your representatives or for omissions from the information in this news release.

The forward-looking statements herein speak only as of the date they were originally made. The Company has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

[Lone Clone]

GSP Resource Enters into Agreement to Acquire an Additional 185 Hectares of Claims Adjacent to the Highland Valley Copper Mine

Historic exploration work discovered shallow copper mineralization

Historic shallow drilling included 30m averaging 0.53% Cu and 21 m averaging 0.51% Cu

High priority for follow up exploration during upcoming field season

https://thenewswire.com/press-releases/1L7OF3Ee2-gsp-resource-enters-into-agreement-to-acquire-an-additional-185-hectares-of-claims-adjacent-to-the-highland-valley-copper-mine.html

News Release - Vancouver, British Columbia – TheNewswire - April 16, 2024: GSP Resource Corp. (TSX-V: GSPR / FSE: 0YD) (the “Company” or “GSP”) announces that it has entered into an arm’s length acquisition agreement with Dylan Adam (the “Agreement”) to acquire a 100% interest in the Mer Claims in the Highland Valley Copper Camp of British Columbia. The two Mer claims are comprised of 185 hectares in the Kamloops Mining Division. The claims are situated approximately 1.5km NW of GSP’s Alwin Mine Project and are surrounded by Teck Resource’s Highland Valley Copper claim group directly west and south of the Highland Valley Copper Mine’s active operations1 (see Figure 1 below).

Terms of the acquisition for 100% of the Mer claims are a $10,000 cash payment and the issuance of 100,000 commons shares of GSP within 10 days of TSXV Exchange acceptance of the Agreement. The seller of the claims will retain a 1.0% Net Smelter Return (“NSR”) Royalty with a buyback option for the Company of C$500,000. All GSP common shares issued pursuant to the Agreement will be subject to a hold period of four months and one day from the closing date.

The Mer Claims host a copper exploration target zone located NW of the Company’s Alwin Mine High grade copper-silver-gold target zone.

Simon Dyakowski, President & CEO of GSP Resource commented: “We are very pleased to enter into this agreement to acquire the only remaining ground within the Highland Valley Copper camp near our flagship Alwin Mine High Grader Copper-Silver-Gold project. The Mer claims are underexplored having seen limited drilling in the 1960’s and 1970’s discovering shallow copper mineralization. Over the coming weeks, we look forward to integrating the Mer claim group into our Alwin Mine Copper Project 2024 field season exploration plans.”

About the Mer Claims:

The Mer Claims were the subject of intensive exploration by the Cleveland Ming & Smelting Co. Ltd. between the years 1965 and 1971. During that time exploration within the current Mer and surrounding claims now held by Teck Highland Valley Copper Corporation comprised geochemical and IP/resistivity geophysical surveys, geologic mapping, bulldozer trenching, completion of 16 percussion drill holes totaling 610 metres (m), and a single 150 m diamond drill hole targeting the Mer showing.

Percussion and diamond drilling were reported to define a 70 x 120 metre northeast trending porphyry copper-molybdenum zone characterized by disseminated chalcocite, chalcopyrite, bornite and molybdenite mineralization and associated biotite and sparse potassic alteration.

At the Mer showing, percussion drill holes 1, 3, 15, and 16, forming a 70 x 40 m diamond pattern in plan returned values of 9 m averaging 0.47% copper (Cu); 30 m averaging 0.53% Cu; 15 m averaging 0.50% Cu; and 21 m averaging 0.51% Cu2 respectively, commencing at downhole depths ranging from 6 to 18 m.

A single diamond drill hole was centered on the percussion drill holes and intersected a zone of chalcocite mineralization within biotite and potassic altered granodiorite intrusive rocks averaging 0.29% Cu over 24 m from a downhole depth of 9 m. The zone of mineralization remains open to the north and west.

No significant exploration has been reported within this project since the initial work programs ending in the early 1970’s. Given the presence of drill confirmed porphyry copper-molybdenum mineralization, a location 6 kilometers west of the Valley Pit at Teck Resource Limited’s Highland Valley Copper Operations, and its position with the Chataway and Guichon granodiorite phases of the Guichon Batholith the Mer Project is a high priority for follow up exploration.

Figure 1: Mer and Alwin Mine Claims – Highland Valley Copper Camp


Click Image To View Full Size

Qualified Person: The scientific and technical information contained in this news release has been reviewed and approved by Kristopher J. Raffle, P.Geo. (B.C.), principal and consultant of APEX Geoscience Ltd. of Edmonton, AB, a consultant to the Company and a “qualified person” as defined in National Instrument 43-101 — Standards of Disclosure for Mineral Projects. Mr. Raffle has verified the data disclosed, which includes a review of the sampling, analytical and test data underlying the information and opinions contained herein. Mineralization hosted on nearby properties is not necessarily indicative of mineralization that may be hosted on the Alwin property.

About GSP Resource Corp.: GSP Resource Corp. is a mineral exploration & development company focused on projects located in Southwestern British Columbia. The Company has an option to acquire a 100% interest and title to the Alwin Mine Copper-Gold-Silver Property in the Kamloops Mining Division, as well as an option to acquire 100% interest and title to the Olivine Mountain Property in the Similkameen Mining Division, of which it has granted an option to earn a 60% interest to a third party.

Contact Information:

Simon Dyakowski, Chief Executive Officer & Director

Tel: [phone]

Email: [e-mail]

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.

Forward-Looking Information

This news release contains “forward-looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, the closing of the acquisition of the Mer Claims, carrying out future exploration work on the Company’s projects, other statements relating to the technical, financial and business prospects of the Company, its projects and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses, and those filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather or climate conditions, failure to maintain all necessary government permits, approvals and authorizations, failure to obtain or maintain community acceptance (including First Nations), decrease in the price of copper, gold, silver and other metals, increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward-looking statements or forward-looking information, except as required by law.

1 Mineralization present within Teck Resources Highland Valley Operations is not necessarily indicative of GSP Resources Corp. properties.

2 All drill holes are assumed to be vertical, and the true width of mineralization it unknown.

[Lone Clone]

Red Canyon Upgrades Kendal Porphyry Copper Project Potential

https://thenewswire.com/press-releases/1BOxFpnpb-red-canyon-upgrades-kendal-porphyry-copper-project-potential.html

Vancouver, British Columbia, – TheNewswire - April 16, 2024: Red Canyon Resources Ltd. (CSE: REDC) (the “Company" or "Red Canyon") is pleased to provide a summary of its 2023 detailed exploration work on its 100% owned Kendal copper project in west-central British Columbia. The Company is focused on impactful, value-adding exploration to make discoveries of copper and copper-gold deposits in established mineral belts in North America.

Company Highlights:

The Company has completed a detailed lithogeochemical vectoring study and magnetic inversion modeling on its 100%-owned Kendal copper project in British Columbia. These studies have significantly enhanced our confidence that Kendal may represent a newly discovered, never drill-tested, porphyry copper system;

In late 2023, the Company collected over 200 rock outcrop samples throughout the Kendal area and using four-acid digestion with high-precision trace-element geochemical analyses, the Company identified important chemical enrichment and depletion zones typical of established porphyry models. Equally important, these studies suggest the erosional level of the porphyry system at Kendal could be directly above and in close proximity to the modeled zone of copper mineralization;

The field program also included a project-wide, 213-line-kilometre airborne magnetic and radiometric survey. Fathom Geophysics conducted modeling of the magnetic data including a magnetic vector inversion that outlines an interpreted, 2-km-long elliptical zone of magnetite destruction coincident with the core target area at Kendal;

Based on the results of these studies, the Company has completed final drill hole targeting in advance of an anticipated initial drill program as early as fall 2024; and

The Company controls a portfolio of seven 100%-owned, internally generated copper and copper–gold projects, four of which are drill ready, including Kendal.

Wendell Zerb, the Chairman and CEO of the Company, states: "Red Canyon has now completed its advanced pre-drilling exploration targeting at Kendal. We believe that the Kendal project potentially hosts a large, never drill-tested copper porphyry system. Furthermore, our detailed studies suggest that the current erosional level at Kendal is above the top of the modeled porphyry copper zone. We look forward to next steps, including diamond drilling to test this priority target. Finally, the project area is also road accessible, just a short drive from the city of Terrace, British Columbia, which is 120 km due east of developed port facilities at Prince Rupert, a significant advantage should a copper porphyry system at Kendal be defined”.

Dr. Craig Hart, Chief Geoscientist of the Company, adds: "The lithogeochemical data at Kendal is impressive. The coincident depletions and enrichments of key major and trace elements all define a region of significant high-temperature fluid flow, which when compared to our understanding of copper porphyry systems, suggests that we are above and in close proximity to the most prospective potassic alteration zone”.

About the Kendal Project

Kendal comprises five 100%-owned mineral claims totaling 2,738 hectares located in west-central British Columbia approximately 25 km northeast of the city of Terrace, a regional infrastructure hub with a well-serviced airport. Infrastructure is excellent with four intersecting highways, hydroelectric power and rail corridors and port facilities approximately 120 km to the west at Prince Rupert. The project has direct road access, only 3.5 km from Highway 16.


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Figure 1: Kendal Project location map.

A key focus of the Kendal project is the large 2.5 x 1.5 km zone of hydrothermal alteration, manifested as a phyllic zone associated with an interpreted mineralized porphyry intrusion. The Company has completed detailed geological interpretation, a lithogeochemistry vectoring study, magnetic inversion modeling and radiometric studies. These technical studies have significantly enhanced our confidence that Kendal may represent a newly discovered, never drilled, copper porphyry system.


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Figure 2: Kendal project topographic orthophoto looking south, with outline of mapped phyllic alteration (yellow line) and focus area of the Q4/23 trace element rock sampling program (blue line).

Kendal Lithogeochemical Vectoring Study

In the fourth quarter of 2023, the Company initiated a lithogeochemical vectoring study to better understand the porphyry copper potential within the project area and approximately 200 specimens of variably altered and randomly mineralized whole rocks were collected within the area of interest (Figures 2 and 4).

The sample suite was analysed for trace element lithogeochemistry using four-acid digestion, which ensures that key minerals are dissolved. High-quality mass spectrometry is utilized to ensure high precision at low detection limits. This analytical technique allows for the recognition of subtle trends in the data that indicate hotter and potentially more proximal fluid sources, or more simply, the identification of the core of a potential mineralizing system.

The enrichment or depletion of certain key elements provides a model of trace element behavior that reflects hotter and cooler temperatures within the vertical geochemical plume that develops above porphyry copper deposits. This enrichment or depletion forms the basis of the porphyry copper lithogeochemical footprint model of Halley et al. (2015). Interpretation of Kendal data suggests that the current level of erosion is potentially in close proximity to the most prospective potassic alteration zone (Figure 3), suggesting that the top of a copper porphyry system could be near surface.


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Figure 3: Geochemical data from Kendal indicates the approximate erosional level to be at the top of the magmatic-dominant portion (potassic zone) that hosts porphyry copper deposits, when compared to the Halley et al. (2015) cross-section through the porphyry copper lithogeochemical footprint model. The erosional level of Kendal is well-constrained by threshold enrichments of Mo, W and Sn, as well as Cu and depletions of Na, Mn, Sr, As, which are all characteristic of the high temperature parts of the system.


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Figure 4: Examples of Kendal project lithogeochemical depletions (left) and enrichments (right) showing 3.8 x 1.6 km sample distribution that indicate significant depletions in Na and As and enrichments in K and Mo typical of high temperature alteration zones. The underlying geology is dominated by mafic volcanic rocks and related volcaniclastic sediments that are intruded by several small plutonic stocks and porphyry dykes (pale pink polygons).

The data collected by Red Canyon clearly suggests the location and distribution of the porphyry copper target on the Kendal property by a well-defined zone of Cu enrichment (>500 ppm) with numerous, coincident overlapping zones of geochemical depletion and enrichment (Figure 5). The data suggests that the threshold values of several higher-temperature copper-associated elements (Mo, W, Sn) are within the ranges expected for rocks that are often found at the top of the potassic alteration zone and immediately above a potential porphyry copper zone. This suggests a very favourable erosional level at Kendal (Figures 3 and 5). Whereas many porphyry exploration projects in altered rocks might have to drill very deep holes to potentially locate copper mineralization, the Kendal lithogeochemical footprint suggests that potential copper mineralization could be within short drill distance beneath the sampled localities.


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Figure 5: Maps showing compiled geochemical distributions of depleted (left) and enriched (right) elements summarized by ellipses on top of the map showing copper enrichments. The 800 x 500 metre region of Cu enrichment is overlain by coincident depletions in Na, As, Sr, Li and Mn and enrichments of K, Mo, W and Sn. Importantly, there is a >700 m sampling gap to the east of the ellipses.


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Figure 6: (left) Kendal Creek, highly-fractured and veined outcrop of intrusive rocks with an early, closely-spaced generation of parallel fractures and veins, cut by later, larger generation of sulphide-rich veins with pink weathering, possibly potassium feldspar alteration. (right) Kendal Creek outcrop with multiple generations of veins with pink alteration halos hosted in a coarse-grained and porphyritic texture intrusion. For location see Figure 2.

For a comprehensive review of the Porphyry Copper Lithogeochemical Program at Kendal and associated background model, please visit www.redcanyonresources.com.

Kendal Magnetics and Radiometrics

The 2023 field program also included a project wide 213-line-kilometre airborne magnetic and radiometric survey. Fathom Geophysics assisted the Company with modelling the magnetic data including the completion of 3D inversions.


Click Image To View Full Size

Figure 7: Magnetic analytic signal image over the central part of the Kendal project indicates a (> 2 km2) hydrothermal alteration footprint defined by a large zone of depressed magnetic response from potential hydrothermal magnetite destruction within a broader region of gossanous pyrite alteration.

Key geological, geochemical and geophysical features that are typically characteristic of mineralizing porphyry copper systems all overlap and are centered around a 600 x 600 metre region of numerous small, altered intrusions and dykes. This core area is surrounded by a nearly 2-km-wide zone of depressed magnetic responses, as seen in aeromagnetic data, outcrop and hand sample magnetic susceptibility measurements. This magnetic destruction zone (Figure 7) potentially formed from hot hydrothermal fluids that destroyed the magnetite that was originally part of the mainly mafic volcanic host rocks.

The gamma-ray radiometric response outlines areas with very low thorium/potassium (Th/K) ratios that reflect intense hydrothermal alteration through the significant addition of potassium (Figure 7), in this case mostly from sericite-alteration of mafic volcanic rocks.

References

Halley, S; Dilles, JH; and Tosdal, RM; 2015. Footprints: Hydrothermal Alteration and Geochemical Dispersion Around Porphyry Copper Deposits. SEG Newsletter 100, 1,12-18. https://doi.org/10.5382/SEGnews.2015-100.fea

Corporate Strategy

Red Canyon is focused on exploring for copper and copper-gold related mineral systems within mining friendly jurisdictions in North America, with a particular focus on British Columbia and the Western United States. The Company is specifically targeting new or underexplored areas within established, premier copper districts.

The Red Canyon team has sourced and advanced its portfolio of 100% owned projects over the last 3.5 years using leading-edge geoscience to generate new exploration ideas.

Red Canyon intends to drill test several priority projects in 2024 with a goal of bringing targets to a decision point as quickly and cost-effectively as possible. The Company intends to advance several additional projects to a drill stage by executing geologic, geochemical and geophysical programs. Red Canyon is executing a corporate strategy of seeking out strategic alliances and will evaluate opportunities to joint venture, option or sell projects to qualified partners to maximize its exposure to exploration success.

The Company’s 100% owned copper-gold Peak Project in central British Columbia is set to be drill tested in Q2/24, potentially followed by programs at Scraper Springs, Nevada and Kendal, British Columbia. Each of these projects has been advanced to the drilling stage by completing systematic, detailed geological, geophysical and geochemical programs.

Additional information on the Peak and Scraper Springs projects can be found in the NI 43-101 Technical Reports dated May 1, 2023 and September 26, 2023 respectively, as filed on SEDAR+ at www.sedarplus.ca.

Additional information on the Company’s other projects can be found on the Company’s website www.redcanyonresources.com. Further projects are in development and details will be announced as information becomes available.

About Red Canyon Resources

Red Canyon Resources Ltd. (CSE: REDC) is a geoscience-driven, discovery-focused mineral exploration company focused on exploring North America’s top copper jurisdictions. The Company’s core goal is to make impactful copper discoveries to benefit all stakeholders and aid in the clean energy transition. Red Canyon has a portfolio of 100% owned copper and copper-gold porphyry exploration projects. The Company’s technical team consists of experienced geoscientists with diverse capital market, small cap and major mining company backgrounds, and a track record of success.

For more information, please visit the Company's website at www.redcanyonresources.com.

Red Canyon is part of the NewQuest Capital Group which is a discovery-driven investment group that builds value through the incubation and financing of mineral projects and companies. Further information about NewQuest can be found on the company website at www.nqcapitalgroup.com.

On Behalf of the Board of Directors

Wendell Zerb, P. Geol

Chairman and Chief Executive Officer

[phone]

[e-mail]

For further information, please contact:

Brennan Zerb

Investor Relations Manager

[phone]

[e-mail]

Lithogeochemical Sampling and Analytical Procedure – The Lithogeochemical samples were collected by rock hammer over a predetermined sampling area, based on outcrop exposure in the Kendal area. Sample locations were generated by Garmin hand-held GPS units. All samples were geologically characterized and photographed at the Company’s field office. Samples were prepped and cut to remove any notable oxidation. Rock samples were placed in numbered bags for analysis, with a sawn rock half-sample stored as a representative sample. Samples were dispatched to ALS Laboratories an accredited analytical laboratory meeting ISO/IEC 17025:2005 and ISO 9001:2015 standards. Samples are prepared by crushing and grinding via ALS methods CRU-21 and PUL-32 respectively. A 25 g aliquot of each pulp is subjected to a four-acid digestion and analyzed for 48 elements by ICP-MS finish (ALS code ME-MS61). QAQC including laboratory standards, are monitored by the Company. All lab data was compiled and statistically categorized by Red Canyon geoscientists.

Qualified Person - The technical information contained in this update has been reviewed and approved by Wendell Zerb, P. Geol, a “Qualified Person” (“QP”) as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.



Forward-Looking Statements:

This news release includes certain forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding future capital expenditures, exploration activities and the specifications, targets, results, analyses, interpretations, benefits, costs and timing of them, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as “pro forma”, “plans”, “expects”, “may”, “should”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, “potential” or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. 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 differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to the anticipated business plans and timing of future activities of the Company, including the Company’s exploration plans and the proposed expenditures for exploration work thereon, the ability of the Company to obtain sufficient financing to fund its business activities and plans, the ability of the Company to obtain the required permits, changes in laws, regulations and policies affecting mining operations, the Company’s limited operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed under the heading “Risk Factors” in the Company’s prospectus dated October 12, 2023 and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company’s profile on the SEDAR website at www.sedar.com.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements, except as otherwise required by law.

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Talisker Samples Up to 97.7 g/t Au at the Ladner Gold Project

https://ca.finance.yahoo.com/news/talisker-samples-97-7-g-110000661.html

Talisker Resources Ltd.
Mon, April 15, 2024 at 4:00 a.m. PDT·8 min read

TSKFF
-0.19%

TORONTO, April 15, 2024 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX:TSK | OTCQX:TSKFF

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Rokmaster Resources: TERMINATION OF OPTION ON REVEL RIDGE PROJECT

https://www.newswire.ca/news-releases/termination-of-option-on-revel-ridge-project-887408318.html

Rokmaster Resources Corp. Apr 09, 2024, 06:00 ET

VANCOUVER, BC, April 9, 2024 /CNW/ - Rokmaster Resources Corp. (TSXV: RKR) (OTCQB: RKMSF) (FSE: 1RR1) ("Rokmaster" or the "Company") announces that further to its news release dated March 8, 2024, the Company has not made the option payment in the amount of C$19,400,000 (the "Current Option Payment") by the deadline of 4:30 pm (Vancouver time) on April 8, 2024 stated in a notice of default (the "Notice of Default") received by the Company from Huakan International Mining Inc. ("Huakan").

The Notice of Default was issued by Huakan with respect to the Company not making the Current Option Payment due on February 25, 2024 pursuant to the terms of an option agreement dated December 23, 2019 between the Company, Huakan and Huakan's shareholders, as amended on January 30, 2023 (the "Option Agreement"), granting to the Company an option to acquire a 100% interest in the Revel Ridge Project located approximately 45 km from Revelstoke, British Columbia.

The Company has terminated the Option Agreement, effective immediately. As such, the Company is evaluating its prospects and details regarding those plans will be released shortly.

On Behalf of the Board of Directors of

Rokmaster Resources Corp.

John Mirko
President & Chief Executive Officer

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

SOURCE Rokmaster Resources Corp.

For further information: please contact Mr. John Mirko, CEO of Rokmaster, jmirko @Olive-290-4647 or visit the Company's website at: www.rokmaster.com; For Shareholder information please contact: Mike Kordysz, mkordysz @kronod 4

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Cariboo Rose Regains 100% interest in Carruthers Pass

https://thenewswire.com/press-releases/1kx7F3vOj-cariboo-rose-regains-100-interest-in-carruthers-pass.html

Vancouver, BC, April 12, 2024, TheNewswire, Cariboo Rose Resources Ltd. (“Cariboo Rose”) (TSX-V: CRB) has been advised by Vizsla Copper Corp. (“Vizsla Copper”) (TSX-V: VCU) that Vizsla Copper is terminating its option on the Carruthers Pass volcanic massive sulfide project located in northern British Columbia to enable it to focus on its porphyry copper gold projects located in southern British Columbia; particularly Woodjam.

Carruthers Pass is a shale hosted massive sulfide project (base, precious metals and cobalt), discovered in 1997 by Freeport McMoRan Copper and Gold. In 2003 Cariboo Rose Resources Ltd. acquired the right to Carruthers Pass through an option agreement with Freeport (then Phelps Dodge Corporation) and earned a 100% interest in the project in 2011 through completion of a series of cash and share payments, work commitments, and back in privileges (subject to a 2.5% net smelter interest reducible to 1.0% for $1.5M in favor of Franco-Nevada Corporation).

Most significant to Carruthers Pass is a large mass of mineralized rock protruding from talus below gossanous cliffs in the upper reaches of a valley. In 2011 the mineralized mass was core drilled yielding an intercept of 3.1 meters grading 6.2% copper, 5.8% zinc, 2.37 g/t gold and 192.0 g/t silver before the drill bit passed out of mineralization into unconsolidated material (i.e. the mineralized mass is not in place). It is, nevertheless, almost certain that the originating source (bedrock) for the mineralized mass is very local.

Most recently in 2022 a program including a VTEM helicopter borne electromagnetic and aeromagnetic survey followed by a four-hole (1,345m) drill program was competed at a cost of $1,950,000. Despite limited results in the four drill holes they were surveyed with a down-hole EM procedure which successfully located an off-hole conductor in one hole which remains untested.

J.W. (Bill) Morton P.Geo, within the context of the requirements of NI-43-101, is the qualified person who takes responsibility for this news release.

Bill Morton

J.W. (Bill) Morton, P.Geo., President

Cariboo Rose Resources Ltd.

Contact:
Phone: [phone], Toll Free: 888-656-6611; email: [e-mail]

About Cariboo Rose Resources Limited

Cariboo Rose owns seven mineral projects in British Columbia. In addition to Carruthers Pass these are:

-Lightning Strike, shale hosted gold, located east of 100 Mile House, 100% owned.

-Carbonate Hosted Gold, gold, located northwest of Clinton, BC, 70% option to Basin Uranium Corp

-Cowtrail, contiguous with Woodjam project (Vizsla Copper Corp), 60% option to BRS Mining Resources.

-Pat, porphyry copper-gold, contiguous with Vizsla Copper Corp’s Woodjam project, 100% owned.

-Coquigold, epithermal gold, north of Westhaven Gold’s Shovelnose, 70% option to CMP Minerals.

-Koster Dam, gold, located near Black Dome Mine, 55% - 45% joint venture with Discovery Lithium Corp.

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. Readers are advised that this news release contains a number of forward-looking statements that may not occur to fruition.

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Klondike Silver 2024 Drilling Program

https://thenewswire.com/press-releases/1LymFyEJl-klondike-silver-2024-drilling-program.html

April 12, 2024 – TheNewswire – Vancouver, Canada – Klondike Silver Corp. (the “Company”) (TSXV: KS | OTC: KLSVF | WKN: A1H8T1) is pleased to provide an update from its current underground drill program at the Silvana Mine, targeting western extensions of the mine within the historic Silvana claim block that the Company owns in southeastern British Columbia.

Drill holes from the first phase of drilling were laid out to intersect, map and model the extensions of vein structures down dip of three mineralized lodes from surface on the Silvana Mine claims, with the intention of targeting silver, zinc, and lead mineralization in the Company’s phases of drilling.

All drill cores from the 2023 program have been logged. Intervals of core have been sampled. Cores were sawed lengthwise, with one half bagged and sent to an independent lab for analyses, and one half retained for further inspection. Sample analyses are awaited from the lab.

Drilling in the 2024 program is now oriented northerly from drill station 2 to intersect downward projections of the Carnation Hanging wall and Footwall Lodes. The first 2024 activity will be deepening of two holes that have been drilled part of the distance to the Hanging wall and Footwall Lodes.

Klondike president and CEO, Mr. Tom Kennedy states, “The Company’s Silver Mile target is an area 1.5km along strike, 100% within Klondike’s claim block between the Mammoth and Silvana Mines. This area has yet to be fully explored due to fractured ownership that is a common theme in areas of British Columbia with significant historic mining activities dating back more than 100 years. Klondike’s management and exploration teams are encouraged by the potential to find and develop a resource in the Main Vein structure between the Mammoth and Silvana mines as combined past production of the Main Lode included 28 million oz silver, 209 million lbs zinc and 258 million lbs lead.”

The technical information in this news release has been reviewed by Locke Goldsmith, M.Sc., P.Eng., P.Geo., a Q.P.

Klondike’s Silvana Mine Silver Zinc Lead project is located in South Eastern B.C.

Klondike’s 114 square kilometer claim block is 138 km north of the Trail B.C. smelter.

Klondike Silver is exploring from underground, along the 9 km “Main Lode”. The “Main Lode” is the most prolific mineralized structure in the Slocan Mining Camp.

There are 13 past producing mines that are situated along the “Main Lode” that have produced 886,000 kg of silver, 95 million kg of zinc and 117 million kg lead so far. (source: BC MINFILE).

There are 67 past producing mines that are situated in Klondike Silver’s 114 square kilometer claim block. (source: BC MINFILE).

On Behalf of the Board of Directors

KLONDIKE SILVER CORP

“Thomas J. Kennedy”

CEO and Director

Additional information can be found on Klondike Silver’s website: www.klondikesilver.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. The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this news release.

Caution Regarding Forward-Looking Information

This news release includes certain information that may constitute “forward-looking information” under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and other risks.

Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company’s continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. 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, except as required by law.

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Peruvian Metals Closes Acquisition of 50% Interest in San Maurizo Mines

https://www.newsfilecorp.com/release/205068

April 11, 2024 8:13 AM EDT | Source: Peruvian Metals Corp.

Edmonton, Alberta--(Newsfile Corp. - April 11, 2024) - Peruvian Metals Corp. (TSXV: PER) (OTCQB: DUVNF) ("Peruvian Metals"), further to its press release of February 28, 2024 (the "Prior Press Release"), is pleased to announce the closing of its acquisition of a 50% interest in San Maurizo Mines Inc. ("San Maurizo"), a private Manitoba-based company (the "Transaction"). Pursuant to the Transaction, Peruvian Metals has issued 2,500,000 common shares to the vendor in order to acquire the interest in San Maurizo following receipt of TSX Venture Exchange approval. This strategic collaboration paves the way for both entities to collectively develop the promising Mercedes gold-silver-lead-zinc-copper mineral property, situated in central Peru. Please see the Prior Press Release for more information.

About Peruvian Metals Corp.

Peruvian Metals Corp. is a Canadian Exploration and Mineral Processing company. Our business model is to provide toll milling services for clients and to produce high grade sulphide concentrates from mineral purchases. The Company continues to acquire and develop precious and base metal properties in Peru.

For further information on Peruvian Metals Corp. please visit www.peruvianmetals.com.

Peruvian Metals Corp. is a Canadian resource company listed on the
TSX Venture Exchange: Symbol "PER" , and the OTCQB Venture Market: Symbol "DUVNF".
For additional information, contact: Jeffrey Reeder Tel: [phone]
Website: www.peruvianmetals.com Email: [e-mail]

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.

Disclosure Regarding Forward-Looking Statements: This press release contains certain "Forward-Looking Statements" within the meaning of applicable securities legislation. We use words such as "might", "will", "should", "anticipate", "plan", "expect", "believe", "estimate", "forecast" and similar terminology to identify forward looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions, and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Risks and uncertainties are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedarplus.ca. While the Company believes that the expectations expressed by such forward-looking statements and forward-looking information and the assumptions, estimates, opinions and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward-looking statements and forward-looking information.

SOURCE: Peruvian Metals Corp.

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Surge Copper Outlines Pre-Feasibility Technical Work Programs at Berg and Announces Additional Private Placement for up to $1.0 million

https://ca.finance.yahoo.com/news/surge-copper-outlines-pre-feasibility-110000423.html

Surge Copper Corp.
Wed, April 10, 2024 at 4:00 a.m. PDT·6 min read

SRGXF
+3.78%

Vancouver, British Columbia, April 10, 2024 (GLOBE NEWSWIRE) -- Surge Copper Corp. (TSXV: SURG) (OTCQB: SRGXF) (Frankfurt: G6D2) (“Surge” or the “Company”) is pleased to provide an update on planned technical work programs in support of a pre-feasibility study for the 100%-owned Berg copper-molybdenum-precious metals project located in central British Columbia. The Company is in the advanced planning stages for several programs as outlined below which are expected to commence in the coming weeks and extend through the summer field season, with further announcements to be provided upon commencement. The development of these programs is based on the recommendations contained in the preliminary economic assessment for the Berg Project, titled ?“?Berg Project - NI 43-101 Technical Report and Preliminary Economic Assessment?”? dated effective as of June 12, 2023 (see June 13, 2023 press release) (the “PEA”) which outlined a total budget of approximately C$7.85 million to complete a pre-feasibility study, including approximately 8,500 metres of drilling, of which approximately 2,000 metres was completed in 2023.

Metallurgy – a test work program will aim to advance bulk copper-molybdenum concentrate flotation parameters and to confirm copper, molybdenum, silver, and gold recovery performance into separate copper and molybdenum concentrates. This program is fully scoped and suitable composite sample material is available and awaiting shipment.

Environmental Baseline – a large footprint data collection program will commence during the 2024 summer field season to gather time series baseline data in support of a potential environmental assessment.

Geochemistry – field operations at the Berg deposit in 2024 will collect samples from various areas within the PEA pit shape which will be used in laboratory-based geochemistry test programs to characterize key parameters relevant to waste rock and tailings design.

Geotechnical – field operations will aim to advance geotechnical and hydrogeological programs to solidify key mining assumptions and pit parameters where possible in conjunction with ongoing exploration drilling programs.

Advancing the high-priority Berg SW Target – fieldwork in 2023 identified a new porphyry exploration target southwest of Berg containing a 600 metre by 300 metre and open copper in soil anomaly with a geophysical expression similar to the Berg deposit. Surface mapping and sampling will be conducted early in the field season to advance the target to a drill decision.

Leif Nilsson, Chief Executive Officer, commented: “We are excited to be commencing these critical technical work programs which are aimed at advancing the Berg Project and positioning us well to complete a pre-feasibility study in 2025. The funding package provided by the previously announced strategic investment and the additional side-car placement announced today will fully fund this work program and provide the Company with additional flexibility to advance our highest-priority exploration targets including the Berg SW target. As the fundamentals in the copper market continue to improve, we are thrilled to be advancing the Berg Project which we believe is well positioned to capture the significant growth in demand for critical metals like copper and molybdenum in the coming decades.”

Side-Car Private Placement

In connection with the previously announced private placement (the “Strategic Placement”) pursuant to which African Rainbow Minerals Limited (“ARM”), through its wholly-owned subsidiary, has agreed to subscribe for 39,608,708 common shares of Surge (the “Strategic Placement Common Shares”) at a price of $0.095 per Strategic Placement Common Share for gross proceeds of approximately C$3,762,827 (see April 2, 2024 press release), the Company announces an additional non-brokered private placement to investors, other than ARM, of up to 10,000,000 common shares of Surge (the “Side-Car Common Shares”) at a price of $0.10 per Side-Car Common Share for aggregate gross proceeds of up to $1.0 million (the “Side-Car Private Placement”). Pursuant to the terms of the Strategic Placement, the Strategic Placement Common Shares purchased by ARM will be increased based on the number of Side-Car Common Shares issued under the Side-Car Private Placement such that ARM will acquire a 15.0% interest in Surge on a non-diluted basis upon closing of the Strategic Placement. In the event the maximum number of Side-Car Common Shares are issued under the Side-Car Private Placement, a total of 1,764,705 additional Strategic Placement Common Shares will be purchased by ARM under the Strategic Placement, resulting in total gross proceeds to Surge between the Strategic Placement and the Side-Car Private Placement of approximately $5 million.

The net proceeds from the Side-Car Private Placement will be used to fund the advancement of the Berg Project, exploration, and for working capital and general corporate purposes. The Side-Car Private Placement is scheduled to close on or about April 24, 2024, and is subject to certain customary conditions, including but not limited to, receipt of TSX Venture Exchange conditional acceptance. The Side-Car Common Shares will be subject to a statutory hold period of four months and one day ?from the date of issuance.? The Company may pay certain finders a cash fee equal to 6% of the aggregate gross proceeds raised from subscriptions under the Side-Car Private Placement arranged by such finders.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall ?there be any sale of any securities in any jurisdiction in which such offer, solicitation, or sale ?would be unlawful including any of the securities in the United States of America. The securities ?have not been and will not be registered under the United States Securities Act of 1933, as ?amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the ?United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under ?the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an ?exemption from such registration requirements is available.?

Qualified Person

Dr. Shane Ebert P.Geo., is the Qualified Person for the Berg Project and the Ootsa Property as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 41-101") and has approved the technical and scientific disclosure contained in this news release.

About Surge Copper Corp.

Surge Copper Corp. is a Canadian company that is advancing an emerging critical metals district in a well-developed region of British Columbia, Canada. The Company owns a large, contiguous mineral claim package that hosts multiple advanced porphyry deposits with pit-constrained NI 43-101 compliant resources of copper, molybdenum, gold, and silver – metals which are critical inputs to the low-carbon energy transition and associated electrification technologies.

The Company owns a 100% interest in the Berg Project, for which it announced a maiden PEA in June 2023 outlining a large-scale, long-life project with a simple design and high outputs of critical minerals located in a safe jurisdiction near world-class infrastructure. The PEA highlights base case economics including an NPV8% of C$2.1 billion and an IRR of 20% based on long-term commodity prices of US$4.00/lb copper, US$15.00/lb molybdenum, US$23.00/oz silver, and US$1,800/oz gold. The Berg deposit contains pit-constrained 43-101 compliant resources of copper, molybdenum, silver, and gold in the Measured, Indicated, and Inferred categories.

The Company also owns a 100% interest in the Ootsa Property, an advanced-stage exploration project containing the Seel and Ox porphyry deposits located adjacent to the open pit Huckleberry Copper Mine, owned by Imperial Metals. The Ootsa Property contains pit-constrained NI 43-101 compliant resources of copper, gold, molybdenum, and silver in the Measured, Indicated, and Inferred categories.

On Behalf of the Board of Directors

“Leif Nilsson”
Chief Executive Officer

For further information, please contact:
Riley Trimble, Corporate Communications & Development
Telephone: [phone]
Email: [e-mail]
Twitter: @SurgeCopper
LinkedIn: Surge Copper Corp
https://www.surgecopper.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 contains forward-looking statements, which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "will", "may", "should", "expects", "plans", or "anticipates" or the negative of these terms or other comparable terminology. All statements included herein, other than statements of historical fact, are forward-looking statements, including but not limited to: the planned technical work programs in support of a pre-feasibility study for the Berg? Project, including timing and results thereof, along with the timing for announcing same; the Side-Car Private Placement, including the number of Side-Car Common Shares to be issued, receipt of TSX Venture Exchange conditional acceptance, and closing of the Side-Car Private Placement?, including the timing thereof; the Strategic Placement, including the number of Strategic Placement Common Shares to be issued in connection therewith; and the Company’s plans regarding the Berg Project and the Ootsa Property. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors that may cause the Company’s actual results, level of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. Such uncertainties and risks may include, among others, actual results of the Company's exploration activities being different than those expected by management, delays in obtaining or failure to obtain required government or other regulatory approvals, the ability to obtain adequate financing to conduct its planned exploration programs, inability to procure labour, equipment, and supplies in sufficient quantities and on a timely basis, equipment breakdown, impacts of the current coronavirus pandemic, and bad weather. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect the Company's current judgment regarding the direction of its business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions, or other future performance suggestions herein. Except as required by applicable law, the Company does not intend to update any forward-looking statements to conform these statements to actual results.

[Lone Clone]

Universal Copper Announces Securityholder Approval for Acquisition by Vizsla Copper

https://www.accesswire.com/852129/universal-copper-announces-securityholder-approval-for-acquisition-by-vizsla-copper

Wednesday, 10 April 2024 05:45 PM

VANCOUVER, BC / ACCESSWIRE / April 10, 2024 / Universal Copper Ltd. ("Universal Copper" or the "Company") is pleased to announce that, at the special meeting (the "Meeting") of holders ("Shareholders") of common shares of the Company ("Shares") and holders ("Optionholders", and together with Shareholders, "Securityholders") of options to acquire Shares ("Options"), Securityholders overwhelmingly voted in favour of the special resolution (the "Arrangement Resolution") to approve the previously announced plan of arrangement (the "Arrangement") with Vizsla Copper Corp. ("Vizsla Copper") pursuant to which Vizsla Copper will acquire all of the issued and outstanding Shares in exchange for 0.23 of a Vizsla Copper common share (each whole common share of Vizsla Copper, a "Vizsla Copper Share") for each Share held (such ratio being referred to herein as the "Exchange Ratio"). Additionally, the Company's outstanding Options will be exchanged for options of Vizsla Copper, and the Company's outstanding warrants will become exercisable to acquire Vizsla Copper Shares, in amounts and at exercise prices adjusted in accordance with the Exchange Ratio. The purchase price represents a 60% premium to the 10-day volume weighted price of $0.015 per Share on February 12, 2024.

Shareholders holding a total of 53,825,794 Shares were represented in person or by proxy at the Meeting, which constituted a quorum of Shareholders, who represented 37.91% of the 141,998,878 issued and outstanding Shares entitled to vote as of February 23, 2024, the record date for the Meeting.

The Arrangement required the approval of: (i) at least two-thirds (66?%) of the votes cast by Shareholders present in person or represented by proxy and entitled to vote at the Meeting; (ii) at least two-thirds (66?%) of the votes cast by Securityholders , present in person or represented by proxy and entitled to vote at the Meeting, voting together as a single class; and (iii) a majority of the votes cast by Shareholders present in person or represented by proxy and entitled to vote at the Meeting excluding Shares held by interested parties as defined in Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101").

Of the votes cast at the Meeting, 94.08% of the votes cast by Shareholders (93.86% after excluding Shares required to be excluded under MI 61-101) and 94.56% of the votes cast by Securityholders voting as a single class were in favour of the Arrangement Resolution.

The Company will seek a final order (the "Final Order") of the Superior Court of British Columbia (the "Court") to approve the Arrangement on April 16, 2024. Completion of the Arrangement is subject to the satisfaction of customary closing conditions for a transaction of this nature, including receipt of the Final Order. Subject to the satisfaction (or waiver) of the conditions precedent, it is expected that the Arrangement will be completed in April 2024. Following completion of the Arrangement it is expected that Shares will be delisted from the TSX Venture Exchange (the "TSX-V") and the Frankfurt Stock Exchange.

About Vizsla Copper
Vizsla Copper is a Cu-Au-Mo focused mineral exploration and development company headquartered in Vancouver, Canada. Vizsla Copper is primarily focused on its flagship Woodjam project, located within the prolific Quesnel Terrane, 55 kilometers east of the community of Williams Lake, British Columbia. It has three additional copper exploration properties: Copperview, Redgold and Carruthers Pass, all well situated amongst significant infrastructure in British Columbia. Vizsla Copper's growth strategy is focused on the exploration and development of its copper properties within its portfolio in addition to value accretive acquisitions. Vizsla Copper's vision is to be a responsible copper explorer and developer in the stable mining jurisdiction of British Columbia, Canada and it is committed to socially responsible exploration and development, working safely, ethically and with integrity.

About Universal Copper
Universal Copper is a Canadian-based copper exploration company focused on the acquisition and exploration of copper properties. The Company's management team has many years of experience in exploration, finance, and efficient public company management. Universal Copper's current focus is on advancing the Poplar Copper Project, one of the most advanced pre-production copper projects in British Columbia with a historic 43-101 resource.

For additional information, please visit the Company's website at www.universalcopper.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"Clive Massey"
Clive H. Massey
President & CEO

For further information, please contact:

Investor Relations
Phone: [phone]

Cautionary Statement:

Certain information in this news release is considered forward-looking within the meaning of certain securities laws and is subject to important risks, uncertainties, and assumptions. This forward-looking information includes, among other things, information with respect to the Company's beliefs, plans, expectations, anticipations, estimates and intentions. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forward-looking information. The forward-looking information in this news release describes the Company's expectations as of the date of this news release. Forward-looking statements in this news release include, but are not limited to statements with respect to the closing of the Arrangement and the satisfaction of closing conditions including: (i) necessary court approval in connection with the Arrangement; (ii) certain termination rights available to the parties under the Arrangement Agreement; (iii) the Company obtaining the necessary approvals from the TSX-V; and (iv) other closing conditions, including, without limitation, the operation and performance of the Company of business in the ordinary course until the closing of the Arrangement and compliance by the Company with various covenants contained in the Arrangement Agreement.

The results or events anticipated or predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from such forward-looking information include, among others, risks arising from general economic conditions; adverse industry events; inability to realize anticipated synergies; future legislative and regulatory developments; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; income tax and regulatory matters; the ability of the Company and Vizsla Copper to implement their business strategies; competition; and currency and interest rate fluctuations and other risks. Readers are cautioned that the foregoing list is not exhaustive.

The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed a certain progression, which may not be realized. It has also assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME.

SOURCE: Universal Copper Ltd.

[Lone Clone]

Providence Gold Mines Geological Update

https://thenewswire.com/press-releases/1AJ6Fblzx-providence-gold-mines-inc-geological-update.html

VANCOUVER – TheNewswire - April 9, 2024 - Providence Gold Mines Inc. (TSXV:PHD), (OTC:PRRVF), (FRANKFURT:7RH1-F) (“Providence” or the “Company”) is pleased to announce a revised working model for gold deposition and exploration targeting at the Providence Gold Mines Group of Gold Mines (Providence, Fairplay, Good Enough, Consuela, Bonita, McCarthy, and Mexican). The revised model was developed after a re-examination of surface and underground geological mapping conducted in 2017 and a review of results from the 2019 surface core drilling program.


Gordon Gibson P.Geo. reports that the Motherlode-style high-grade gold mineralization on the property is contained in a series of complex sheared quartz veins and related secondary structures. The most important Fairplay vein is a prominent north-trending, 50-degree east-dipping mylonite zone emplaced in deformed slate, argillite, chert, phyllite, quartzite, schist, and gneiss, and contained diorite sills, of the Paleozoic Calaveras Complex. Motion on the mylonite, a strong post-tectonic strike-slip fault zone several 10 metres thick, is right-lateral. Movement on the non-planar fault zone resulted in zones of compression at restraining bends, expressed as stacked imbricate (en echelon) splay faults containing complex gold-bearing quartz veins. These secondary splay veins are detached from the main through-going mylonite zone and pervade for up to 150 metres into the host rocks of the Calaveras Complex. They preferentially follow a pre-existing northwest-trending steeply northeast-dipping late axial planar foliation in the country rocks. Hanging wall and footwall splay veins of this type create the well-known elongate east-plunging plumes or shoots of high-grade gold mineralization responsible for most of the production from historical underground mining at Providence.

It is important to note that drill hole PR19-05 intersected a footwall splay vein of the central plume at the surface, returning 3.04 metres of 2.46 g/t Au. A surface channel sample at the collar of hole PR19-05 returned 0.50 metres of 17.5 g/t Au. The splay vein of hole PR19-05, from the surface to the uppermost stopes of the Providence 100 level, a zone measuring approximately 52 × 100 metres, is considered a prime gold target at surface. An 8-minute walk-through of this new modelling is available at:

Prior to a planned 4000-meter drilling program we intend to open this zone with an excavator in order to sample and map it. Subsequently, a new NI 43-101 technical report will be commissioned. With success, the near-surface material would be amenable to milling with the known nearby Providence Gold stockpile.

Ron Coombes, President & CEO states, “The potential of this new zone blended with the nearby stockpile material could become a game changer and decrease future share dilution significantly.”

With current gold prices, this is a very exciting prospect. A metallurgical bulk study was completed in late April 2021 for Providence Gold by F.L. Smidth-Dawson. The report concluded that the Stockpile gold could be recovered by regrinding and simple gravity separation. Unfortunately, the stockpile volume was not large enough to proceed as a standalone venture.

Additional property-wide surface drill targets continue to be refined near the McCarthy and Mexican shafts. Also, there is an untested area north of the Mexican shaft where significantly, ground preparation provides a favourable structural setting for hanging wall splay veins analogous to the "Bonanza" stope at the Providence mine.

The McCarthy and Mexican shafts are currently the Company’s primary drill targets.

Our Geological Team:

Our Qualified Person, Dr. Lee Groat Ph.D., P. Geo is the Company’s qualified person (as defined under NI 43-101 and has read and approved the technical information contained in this news release).

Mark Payne is our Registered P. Geo in the State of California and has specialized for over 45 years in the California Mother Lode Gold Belt.

Gordon Gibson P. Geo is a structural expert and geologist with over 40 years of experience.

Referenced News Releases and other Web Links:



Walk-through at the 600-level underground mine using state-of-the-art 3D-LIDAR modelling ()



McCarthy Mine Results 3.77 Kg Sample Yields 77.0 to 97.0 Grams Gold (https://providencegold.com/providence-gold-mines-announces-mccarthy-mine-results-3-77-kg-sample-yields-77-0-to-97-0-grams-gold/

Providence Gold Discloses Discovery of Significant Archived Report (https://providencegold.com/providence-gold-discloses-discovery-of-significant-archived-report/)

Latest news release with video of Enhanced Modelling for Drill Targeting (https://providencegold.com/enhanced-real-time-drill-target-modelling/

April 2021 Bulk Sample testing reveals anticipated Gold Values from processing the stockpile (https://providencegold.com/anticipated-gold-values-found-in-stockpile-bulk-sampling-analysis-2/

About Providence Gold Mines Inc.:

Providence Gold Mining Inc. is an advanced-stage exploration and development Company holding an option to purchase 100% interest in the Providence Group of Gold mines near the City of Sonora California.

For more information, please contact Ronald Coombes, President, and CEO of the Company.

"Ronald Coombes"

Ronald A. Coombes, President & CEO

Phone: [phone]

Email: [e-mail]







STAY TUNED! VISIT OUR WEBSITE FOR MORE DETAILS

www.ProvidenceGold.com

LIKE & FOLLOW @providencegoldmines
Instagram, Facebook, Twitter, TikTok, Youtube, LinkedIn.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Neither the OTCQB and or 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.

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements relating to the permitting process, future production of Providence Gold Mines, budget and timing estimates, the Company’s working capital and financing opportunities and statements regarding the exploration and mineralization potential of the Company’s properties, are forward-looking statements. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward- looking statements. Important factors that could cause actual results to differ materially from Providence Gold Mines expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Providence Gold Mines does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.

[Lone Clone]

Ascot Commences Ore Processing at the Premier Gold Project

https://ca.finance.yahoo.com/news/ascot-commences-ore-processing-premier-110000950.html

Ascot Resources Ltd.
Mon, April 8, 2024 at 4:00 a.m. PDT·5 min read

AOTVF
+2.88%

VANCOUVER, British Columbia, April 08, 2024 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce the commencement of ore processing at the Premier Gold Project (“PGP” or the “Project”), located on Nisga’a Nation Treaty Lands in the prolific Golden Triangle of northwestern British Columbia. Rock was introduced into the grinding circuit of the mill on March 31, 2024, and the first ore was introduced into the mill on April 5, 2024.

Derek White, President and CEO, commented, "The start of ore processing is a momentous achievement for the whole team at Ascot and an exciting milestone for the Company. Most project construction activities are substantially completed, and commissioning activities are ongoing throughout the processing plant with the aim of pouring first gold this month.”

As is customary for processing plant start-ups, waste rock was initially introduced into the grinding circuit in order to pad the semi-autogenous grinding (“SAG”) and Ball mill liners with barren material. Once that commissioning step was completed, the grinding system was re-torqued and gold-bearing ore was introduced into the mill on April 5, 2024. Commissioning activities are currently focused on the remaining components of the processing plant – namely the gravity concentration and intensive leaching circuit, the carbon regeneration circuit, the elution circuit, cyanide destruction, and the gold room.

The tailings storage facility (“TSF”), new water treatment plant (“WTP”), tailings thickener and pipeline systems are ready for operations.

The Company anticipates the pouring of first gold at the Project on schedule during the month of April 2024.

Qualified Person

John Kiernan, P.Eng., Chief Operating Officer of the Company is the Company’s Qualified Person (QP) as defined by National Instrument 43-101 and has reviewed and approved the technical contents of this news release.

On behalf of the Board of Directors of Ascot Resources Ltd.
“Derek C. White”
President & CEO

For further information contact:

David Stewart, P.Eng.
VP, Corporate Development & Shareholder Communications
[e-mail]
778-725-1060 ext. 1024

About Ascot Resources Ltd.

Ascot is a Canadian exploration and development company focused on re-starting the past producing Premier Gold Mine, located on Nisga’a Nation Treaty Lands, in British Columbia’s prolific Golden Triangle. Ascot shares trade on the TSX under the ticker AOT and on the OTCQX under the ticker AOTVF. Concurrent with progressing the development of Premier, the Company continues to explore its properties for additional high-grade gold mineralization. Ascot is committed to the safe and responsible development and operation of the Premier Gold Mine in collaboration with Nisga’a Nation.

For more information about the Company, please refer to the Company’s profile on SEDAR+ at www.sedarplus.ca or visit the Company’s web site at www.ascotgold.com.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

All statements and other information contained in this press release about anticipated future events may constitute forward-looking information under Canadian securities laws ("forward-looking statements"). Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect", "targeted", "outlook", "on track" and "intend" and statements that an event or result "may", "will", "should", "could", “would” or "might" occur or be achieved and other similar expressions. All statements, other than statements of historical fact, included herein are forward-looking statements, including statements in respect of advancement and development of the PGP and the timing related thereto, the completion of the PGP mine, the production of gold and management’s outlook for the remainder of 2024 and beyond. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including risks associated with entering into definitive agreements for the transactions described herein; fulfilling the conditions to closing of the transactions described herein, including the receipt of TSX approvals; the business of Ascot; risks related to exploration and potential development of Ascot's projects; business and economic conditions in the mining industry generally; fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and indigenous groups in the exploration and development of Ascot’s properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risk factors as detailed from time to time in Ascot's filings with Canadian securities regulators, available on Ascot's profile on SEDAR+ at www.sedarplus.ca including the Annual Information Form of the Company dated March 25, 2024 in the section entitled "Risk Factors". Forward-looking statements are based on assumptions made with regard to: the estimated costs associated with construction of the Project; the timing of the anticipated start of production at the Project; the ability to maintain throughput and production levels at the PGP mill; the tax rate applicable to the Company; future commodity prices; the grade of mineral resources and mineral reserves; the ability of the Company to convert inferred mineral resources to other categories; the ability of the Company to reduce mining dilution; the ability to reduce capital costs; and exploration plans. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Although Ascot believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since Ascot can give no assurance that such expectations will prove to be correct. Ascot does not undertake any obligation to update forward-looking statements, other than as required by applicable laws. The forward-looking information contained in this news release is expressly qualified by this cautionary statement.

[Lone Clone]

Endurance 2024 Exploration Plans, Reliance Gold Project

https://www.newsfilecorp.com/release/204671

April 08, 2024 7:10 AM EDT | Source: Endurance Gold Corporation

Vancouver, British Columbia--(Newsfile Corp. - April 8, 2024) - Endurance Gold Corporation (TSXV: EDG) (OTC Pink: ENDGF) (FSE: 3EG) (the "Company") plans to mobilize crews in early May to initiate its 2024 exploration field program at the Reliance Gold Property (the "Property") in southern British Columbia. The road accessible 5,444 hectare Property is located 4 kilometres ("km") east of the village of Gold Bridge, and 10 km north of the historic Bralorne-Pioneer Gold Mining Camp which has produced over 4 million ounces of gold.

Highlights for 2024 Program plans include:

Up to 10,000 metres ("m") of diamond drilling on the fully-permitted Royal Shear trend.
Geochemical surface sampling and prospecting to expand the Upper Eagle, Enigma, and Olympic soil grids to develop additional drill-ready targets.
Geological, structural, mineralogical and metallurgical studies.
Community consultation ahead of a drill permit application on the Olympic Option.
Continued property-scale environmental baseline studies.
Revise 3D geological model in anticipation of an inaugural mineral resource estimate.

The proposed 2024 program is designed to expand the gold zones discovered within the Royal Shear, at depth and along strike. To date, the Company has completed 82 diamond drill holes for 17,907 m drilled along 1.5 km of the Royal Shear gold-mineralized trend. The drilling has been extremely successful with 53 of the 82 diamond drill holes returning drill intersections in excess of 10 gram*metre gold. Highlight results from 8 of these drill holes include:

15.70 grams per tonne ("gpt") gold over 24.8 m including 26.96 gpt gold over 4.1 m.
8.62 gpt gold over 24.4 m including 17.02 gpt gold over 4.3 m.
8.47 gpt gold over 24.9 m including 16.27 gpt gold over 10.5 m.
5.80 gpt gold over 23.0 m including 8.52 gpt gold over 12.7 m
8.41 gpt gold over 12.0 m including 11.85 gpt gold over 7.7 m.
8.06 gpt gold over 13.5 m including 10.41 gpt gold over 5.5 m.
7.65 gpt gold over 12.7 m including 10.00 gpt gold over 8.7 m.
3.05 gpt gold over 139.9 m including 12.85 gpt gold over 12.9 m.

Crews will mobilize and commence surficial field work and baseline studies in May. First Nation Consultation is in progress for an anticipated new drill permit application for the Olympic and Enigma targets. The Royal Shear drilling will focus on previously untested areas between Imperial and Eagle, along strike to the northwest of Imperial, and at depth at Eagle and Imperial Zones.

The Reliance Gold Project is interpreted to host a shallow-level (Epizonal) Orogenic gold system. Gold mineralization is directly related to varying amounts but low sulphide concentrations of arsenopyrite, stibnite and pyrite as sulphide replacement and multigenerational breccias often with associated pervasive silicification, quartz stockwork and/or quartz breccia infill. Since the 2020 discovery of the Eagle Zone, the Company has completed 84 RC drill holes and 82 diamond drill holes along a 1.5 km strike of the Royal Shear host.

Endurance Gold Corporation is a company focused on the acquisition, exploration and development of highly prospective North American mineral properties with the potential to develop world-class deposits.

ENDURANCE GOLD CORPORATION

Robert T. Boyd

FOR FURTHER INFORMATION, PLEASE CONTACT
Endurance Gold Corporation
[phone], [e-mail]
www.endurancegold.com

The work program is supervised by Darren O'Brien, P.Geo., Vice President Exploration for the Company and the qualified person as defined in National Instrument 43-101. Mr. O'Brien has reviewed and approved this news release. 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.

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 factors beyond its control, and actual results may differ materially from the expected results.

SOURCE: Endurance Gold Corporation

[Lone Clone]

Talisker Signs Milling Agreement with Nicola Mining

https://ca.finance.yahoo.com/news/talisker-signs-milling-agreement-nicola-110000878.html

Talisker Resources Ltd.
Tue, April 9, 2024 at 4:00 a.m. PDT·3 min read

TSKFF
+1.06%

TORONTO, April 09, 2024 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX: TSK, OTCQX: TSKFF) is pleased to announce that the Company, through its 100% owned subsidiary, Bralorne Gold Mines Ltd., has signed a milling agreement (the “Agreement”) with Nicola Mining Inc. (“Nicola”). As part of the Agreement, Nicola will process up to 6,300 tonnes of stockpile mined at the Bralorne Gold Project and process it at Nicola’s Craigmont Mill located in Merritt, British Columbia.

Terry Harbort, Talisker’s President and CEO commented, “This Agreement with Nicola gives Talisker increased flexibility and contingency for our upcoming ore processing from the Mustang Mine at Bralorne. We are pleased to be working with Peter and his professional team in the near future.”
For further information, please contact:

Terry Harbort
President and CEO
[e-mail]
[phone]

Matt Filgate
Vice President, Corporate Development
[e-mail]
[phone]


About Talisker Resources Ltd.

Talisker (taliskerresources.com) is a junior resource company involved in the exploration and development of gold projects in British Columbia, Canada. Talisker’s flagship asset is the high-grade, fully permitted Bralorne Gold Project where the Company is currently transitioning into underground production at the Mustang Mine. Talisker projects also include the Ladner Gold Project, an advanced stage project with significant exploration potential from an historical high-grade producing gold mine and the Spences Bridge Project where the Company holds ~85% of the emerging Spences Bridge Gold Belt, and several other early-stage Greenfields projects.

Caution Regarding Forward Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Talisker’s current belief or assumptions as to the outcome and timing of such future events. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Talisker. Although such statements are based on reasonable assumptions of Talisker’s management, there can be no assurance that any conclusions or forecasts will prove to be accurate.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions, access and supply risks, reliance on key personnel, operational risks regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks, title and environmental risks and risks relating to the failure to receive all requisite shareholder and regulatory approvals.

The forward-looking information contained in this release is made as of the date hereof, and Talisker is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

[Lone Clone]

Grizzly Reports Significant High Grade Gold, Silver and Copper Exploration Results for the Greenwood District Precious and Battery Metals Project, BC and Plans for 2024

https://www.newsfilecorp.com/release/204221

April 04, 2024 9:00 AM EDT | Source: Grizzly Discoveries Inc.

Edmonton, Alberta--(Newsfile Corp. - April 4, 2024) - Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) ("Grizzly" or the "Company") is pleased to announce all assay results for the 2023 rock and soil samples collected from the Company's 172,000 acre Greenwood District including newly acquired and staked mineral claims in the Westbridge and Beaverdell areas, have been received. Significant and important high grade results for gold (Au), silver (Ag), copper (Cu), lead (Pb) and zinc (Zn) have been received from a number of important target areas explored during 2023 and prior to that 2022. The priority list of targets includes Midway (including the Midway Mine and the Lois area), Imperial, Crown Point, Copper Mountain (Mabel Jenny and Coronation), Sappho, Marshall Lake, Motherlode, Colby and Enterprise. A number of these targets are new through acquisition and/or staking and have not been drill tested in decades if ever, including the Midway Mine, Lois, Imperial, Crown Point, Marshall Lake, Colby and Enterprise (Figure 1).

Brian Testo, President and CEO of Grizzly Discoveries, stated, "We are excited with the new results to date from the Greenwood District area and we are planning follow-up exploration including extensive soil and rock sampling along with ground geophysical surveys to be followed by drilling. Much of the newly acquired ground has seen little exploration and evaluation since the 1980's. We also are looking forward to pursuing a number of high grade gold - silver - copper showings and historical mines with drilling in 2024 along with additional exploration for significant battery metals in our current 170,000+ acre land holdings in the Greenwood District. We have barely scratched the surface in terms of exploration!"

The Company currently has active drilling permits for the Ket 28, Dayton and the Motherlode areas. The Company is awaiting permits for drilling +/- trenching at the Midway, Imperial, Sappho and Copper Mountain target areas. Depending upon funding, the Company is planning for an aggressive drilling campaign for 2024 in order to take advantage of the outstanding metal prices.

The focus of the 2023 program was ground work for assessment and follow up work on a number of targets that returned excellent results during prior years including 2022. In addition, work was also conducted on a number of new targets acquired by staking and/or acquisition in the area while the Company waits for drilling and trenching permits. Highlights of the 2023 work are as follows:

Highlights:

The 2023 program saw the collection of a total of 755 rock grab or rock chip samples across the property from May to November, 2023 along with a total of 4,065 soil samples, mostly split between the Midway and Imperial target areas, with some sampling at Beaverdell.
Land acquisition during 2023 included new mineral claims at Beaverdell, Westbridge and in the Greenwood area at Midway, north of Midway, east of the town of Greenwood in the Marshall Lake area adjacent to the historical Phoenix Mine.

Marshall Lake

A total of 103 rock grab samples were collected from outcrop and mineralized dump material across the new Marshall Lake mineral claims staked in August (Figure 1. See Company News Release dated November 22, 2023) yielding 24 samples with >0.5 grams per tonne (g/t) gold (Au) (0.015 ounces per ton [opt]) up to 154.5 g/t (4.51 opt) Au (including 15 samples >1 g/t Au), along with high silver (Ag) up to 205 g/t (5.98 opt) Ag and high copper up to 8.44 percent (%) Cu (Figures 1 and 2).
The high gold values are often accompanied by high copper in the 0.1 to 0.6% range. The anomalous values are associated with high sulphide (pyrite and chalcopyrite) material in what appears to be gossanous skarnified sedimentary rocks.



Figure 1: Land position and targets of interest for future exploration, Greenwood Project.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4488/204221_14fb5b86f44cabb8_002full.jpg

Midway Mine Area

Two new showings identified in 2023 near the historical Midway Mine including up 5.64 g/t Au (0.165 opt) from a showing 400 m to the north of Midway and up to 4.19 g/t Au (0.122 opt) from a grab sample collected about 375 m to the west of the Midway Mine (Figure 3).
At least 6 new areas with anomalous gold (> 100 ppb), copper (>200 ppm) and silver in soils have been identified at Midway (Figure 3).
The Midway area is being targeted for copper-gold skarn and epithermal gold-silver.
At Midway, selective rock grab and composite rock grab samples collected during 2022 from outcrop at the Midway Mine-Picturestone area, yielded a range of 12.05 g/t Au (or 0.351 opt) up to 70.8 g/t Au (2.065 opt) (See Company news release dated October 17, 2022).
Three (3) of the 7 selective rock grab samples from the Midway Mine yielded from 1,360 g/t Ag (39.7 opt) up to 2,140 g/t Ag (62.4 opt) (see the Company news release dated October 17, 2022).
All highly anomalous samples are from outcrop and characterized by the presence of abundant pyrite, arsenopyrite with visible galena and sphalerite in a siliceous chalcedonic host. The mineralization is hosted in polymetallic veins that display the presence of Pb, Zn, Cu, arsenic (As) and antimony (Sb) and are likely epithermal in nature.
A selective rock grab sample from outcrop 200 m west of the main Midway Mine yielded 15.85 g/t Au (0.462 opt) and 1,530 g/t Ag (44.6 opt), illustrating that there is potential for additional high-grade mineralization in the area (Figure 3).



Figure 2: Initial 2023 Gold Results from Rock Sampling - Marshall Lake Area, Greenwood Project.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4488/204221_14fb5b86f44cabb8_003full.jpg



Figure 3. Midway Geology and Showings with Gold in Soils and Rocks. To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4488/204221_14fb5b86f44cabb8_004full.jpg

Copper Mountain Area

A new showing at the western edge of the Mabel Jenny Trend at the Copper Mountain area continues to yield excellent results including 9 of 14 rock grab and chip samples collected during 2023 from the new zone yielding greater than 1 g/t Au (0.029 opt) up to 13.75 g/t Au (0.401 opt) along with up to 61.9 g/t Ag (1.805 opt), and up to 0.475% Cu and 2.93% Zn.
The strike length of the new zone is more than 400 m along a new logging road cut when combined with anomalous samples from 2022 (See Company News Release dated October 12, 2023).
The showings are related to pyrite and chalcopyrite in quartz veins, breccia and stockwork associated with an altered (likely Jurassic?) diorite.



Figure 4. Copper Mountain, Colby, Imperial Showings with Gold in Soils and Rocks.


To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4488/204221_14fb5b86f44cabb8_005full.jpg

Colby - Enterprise (Westbridge Area)

A total of 51 rock grab samples were collected from outcrop and mineralized dump material across the Colby and Enterprise claims acquired in early 2023 (Figure 4).
Rock grab samples (40) from showings and mineralized dumps in the Colby area returned 13 samples with >1.0 g/t Au (0.029 opt) and 8 samples with >5.0 g/t Au up to 26.2 g/t Au (0.764 opt) including 12 grab samples with >30.0 g/t Ag (0.875 opt) up to 460 g/t Ag (13.42 opt).
The high Au and Ag values are often accompanied by high lead and zinc in the 0.1 - 1% range. The high values are associated with gossanous pyritic material in quartz veins and breccia in what appears to be quartzite in contact with a diorite or felsic porphyry (Figure 4).
A total of 11 selected rock grab samples from the Enterprise showing and historical workings yielded 3 grab samples with >1.0 g/t Au (0.029 opt) up to 32.0 g/t Au (0.933 opt) including 3 grab samples with >30.0 g/t Ag (0.875 opt) up to 187 g/t Ag (13.42 opt).
Sulphide mineralization at the Colby and Enterprise historical workings is associated with quartz veins, breccia and skarnified/silicified sedimentary rocks and intrusions. The alteration patterns are consistent with intermediate sulphidation epithermal mineralization.

Imperial Mine Area

A total of 50 new rock grab and rock chip samples collected from the historical Imperial Mine area, with 6 samples returning greater than 1 g/t Au (0.029 opt) up to 12.1 g/t Au (0.353 opt) and 8 samples returning greater than 40 g/t Ag (1.167 opt) up to 469 g/t Ag (13.68 opt). The samples define a targeted strike length of over 170 m for future drilling. The samples yield significant amounts of lead, zinc and copper with several samples yielding greater than 2% combined base metals.
Extensive soil sampling utilizing a conventional soil sampling methodology and a test of ionic leach soil sampling has yielded a number of new additional targets to follow up outside of the Imperial Mine area to the north in the area of the historical Riverside and Commonwealth showings (about 750 m north of the Imperial mine) along with a new area about 3 km to the north.

Plans For 2024 Exploration at Greenwood:

An extensive rock and soil sampling program along with new geological mapping during 2023 has been completed in preparation for drilling at a number of locations in the Greenwood Area in 2024. Drilling is warranted at all of the targets described above. As well, a number of targets that warrant drilling based upon prior work are described in highlight form below.

The Company currently has active drilling permits for Ket 28, Dayton and the Motherlode target areas. The Company is awaiting permits for drilling +/- trenching at the Midway, Imperial, Sappho and the Copper Mountain target areas. Depending upon funding the Company is planning for an aggressive drilling campaign for 2024 in order to take advantage of the outstanding metal prices.

Motherlode Area

Results received for drilling at the Motherlode North polymetallic and skarn targets are comprised of copper-gold-silver +/- lead-zinc (Cu-Au-Ag +/- Pb-Zn) targets 500 to 750 m north and northeast of the historical Motherlode Mine (not owned by the Company), which produced significant amounts of Cu, Au and Ag including 173,000 ounces (oz) of Au, 688,000 oz of Ag and 77 million lbs of Cu between 1896 and 1918 and 1956 to 1963 (BC Minfile 082ESE034).
Prior drilling by Grizzly intersected up 17.15 g/t Au, 41.7 g/t Ag, along with 0.56% Pb and 1.51% Zn over 1.5 m core length at one of the skarn targets north of the Motherlode Pit (Table 1).
Skarn and sulphide rich mineralization, along with widespread hornfels and propylitic alteration have been intersected in most of the 2022 Motherlode North (22ML07 to 15) and the two (22MR01 & 02) Marguerite core holes (Figure 4).
Follow-up drilling is being planned for 2024 for the Motherlode area.

Sappho Area

The Sappho area is being targeted for copper-gold-PGEs skarn and porphyry type targets associated with an alkalic intrusion and several diorite intrusions south of Greenwood near the US border.
At least five new showings of copper oxide/sulphide mineralization were found during the 2022 program at the Sappho Target.
Previous surface sampling and drilling by Grizzly at the Sappho area has yielded significant anomalous copper, gold, silver along with platinum and palladium.
Numerous rock grab samples have yielded greater than 1% copper, 1 g/t gold, 1 g/t platinum and 1 g/t palladium (see Company news release dated November 3, 2022).
Historical drilling (by the Company) has yielded up to 0.31% Cu, 0.75 g/t Au, 0.34 g/t Pt, 0.39 g/t Pd and 6.57 g/t Ag over 6.5 m core length in skarn at Sappho in 2010.
Further drilling is warranted and has been applied for at Sappho for 2024.

Dayton Area

The Company completed 4 core holes for 1,014 m at the copper-gold Dayton Skarn/Porphyry Prospect in 2022 (Figure 1).
The Dayton IP2 target (an induced polarization chargeability anomaly) was tested by the Company with a single hole in 2011 and intersected potassic altered volcanics and intrusives with a near surface intersection (11DA-009) of 0.15% Cu and 0.43 g/t Au (or 0.46% CuEq*) over 51 m core length starting at a depth of 3 m Table 1).
Comparable sulphide zones, skarn and potassic alteration were intersected in the 2022 drilling at the Dayton IP2 target.
New intersections at Dayton include hole 22DA-016 with 0.062% Cu, 0.221 g/t Au and 1.89 g/t Ag (0.221% CuEq*) over 180 m core length, 22DA-017 with 0.057% Cu, 0.149 g/t Au and 1.76 g/t Ag (0.177% CuEq*) over 184 m core length, and 22DA-015 with 0.033% Cu, 0.155 g/t Au and 2.06 g/t Ag (0.162% CuEq*) over 44.5 m core length.
Intercepts are all associated with an Induced Polarization (IP) Chargeability anomaly (IP2) and mineralization appears to plunge and thicken to the north down plunge in conjunction with an apparent plunge of the IP Chargeability anomaly.
Further drilling is planned for the Dayton IP2 anomaly. Permits are already in place to conduct further drilling.

*CuEq calculated using ratios of Au:Cu 1:7,080 and Ag:Cu 1:88.5.

Quality Assurance and Control

Rock and soil samples were analyzed at ALS Global Laboratories (Geochemistry Division) in Vancouver, Canada (an ISO/IEC 17025:2017 accredited facility). Gold was assayed using a fire assay with atomic emission spectrometry and gravimetric finish when required (+10 g/t Au). Rock grab and rock chip samples from outcrop/bedrock are selective by nature and may not be representative of the mineralization hosted on the project.

The sampling program was undertaken by Company personnel under the direction of Michael B. Dufresne, M.Sc., P.Geol., P.Geo. A secure chain of custody is maintained in transporting and storing of all samples.

The technical content of this news release and the Company's technical disclosure has been reviewed and approved by Michael B. Dufresne, M. Sc., P. Geol., P.Geo., who is the Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

GRANT OF STOCK OPTIONS

The Board of Directors of Grizzly have authorized the issuance of an aggregate 3,000,000 stock options to Officers, Directors, and Consultants of Grizzly with an exercise price of $0.05 and expiring on April 2, 2029, or earlier in accordance with the Company's Stock Option Plan. 2,500,000 of the options authorized for issuance will be issued to insiders of Grizzly. All of the options will vest immediately upon issuance. The grant of stock options is subject to the approval of the TSX Venture Exchange.

ABOUT GRIZZLY DISCOVERIES INC.

Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange focused on developing its approximately 72,700 ha (approximately 180,000 acres) of precious and base metals properties in southeastern British Columbia. Grizzly is run by a highly experienced junior resource sector management team, who have a track record of advancing exploration projects from early exploration stage through to feasibility stage.

On behalf of the Board,

GRIZZLY DISCOVERIES INC.
Brian Testo, CEO, President

Suite 363-9768 170 Street NW
Edmonton, Alberta T5T 5L4

For further information, please visit our website at www.grizzlydiscoveries.com or contact:

Nancy Massicotte
Corporate Development
Tel: [phone]
Email: [e-mail]

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.

Caution concerning forward-looking information

This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as "may," "will," "should," "anticipate," "plan," "expect," "believe," "estimate," "intend" and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Grizzly in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Grizzly's actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.

Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedarplus.ca. Grizzly disclaims any obligation to update or revise any forward-looking information or statements except as may be required by law.

SOURCE: Grizzly Discoveries Inc.

[Lone Clone]

Core Assets Extends Pete’s-Sulphide City-Gally Mineralized Trend to 2.5km With Massive Sulphide at Surface Grading Up To 680g/t Ag, >36.4% Pb+Zn & 0.55% Cu

https://www.accesswire.com/849233/core-assets-extends-petes-sulphide-city-gally-mineralized-trend-to-25km-with-massive-sulphide-at-surface-grading-up-to-680gt-ag-364-pbzn-055-cu

Thursday, 04 April 2024 09:00 AM

VANCOUVER, BC / ACCESSWIRE / April 4, 2024 / Core Assets Corp., ("Core Assets" or the "Company") (CSE:CC)(FSE:5RJ)(OTC.QB:CCOOF

[Lone Clone]

Talisker Signs Letter of Intent with Regeneration on Ladner Gold Project Tailings

https://ca.finance.yahoo.com/news/talisker-signs-letter-intent-regeneration-110000645.html

Talisker Resources Ltd.
Thu, April 4, 2024 at 4:00 a.m. PDT·5 min read

TSKFF
+2.94%

TORONTO, April 04, 2024 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX:TSK | OTCQX:TSKFF) is pleased to announce the signing of a non-binding Letter of Intent (“LOI”) to form a joint venture with Regeneration Enterprises Inc. (“Regeneration”) to process the Ladner Gold Project (“Ladner”) Tailings Resource (the “Proposed JV”) owned by New Carolin Gold Corp. (“New Carolin”), a 100% owned subsidiary of Talisker.

Ladner contains a National Instrument 43-101 compliant tailings indicated resource of 445,000 tonnes grading at 1.64 g/t for 24,000 oz of gold and an inferred resource of 93,000 tonnes grading at 1.64 g/t for 5,000 oz of gold, representing an estimated 60% of the tailings material. The remaining 40% remains undrilled. A 2011 study by the Engineering Department at University of British Columbia consisting of material regrind to P80 of 93µm returned average concentrate leach recoveries of 81.6% for the tailings material.

The Proposed JV is planned to be undertaken in five phases. Regeneration will secure funding for each phase, unless otherwise agreed in the Definitive Agreement:

Phase 1 Sampling - characterization, technology evaluation and engineering design, and environmental assessment and restoration planning – completion by December 31, 2024

Phase 2 Design - costing, environmental and risk assessment, and permitting – completion by December 31, 2025

Phase 3 - Construction – completion by December 31, 2026

Phase 4 - Production – throughout 2027, 2028, 2029

Phase 5 - Site Rehabilitation – completion by December 31, 2030

The above dates and timelines are indicative and may change by mutual agreement. Talisker and Regeneration have agreed to share the net profit of the Proposed JV. There is a provision for Talisker to secure the transfer of certain, useful infrastructure and equipment on termination of the Proposed JV.

Regeneration is a public benefit corporation incorporated in Delaware, USA. As a privately held social enterprise, Regeneration identifies and transforms legacy mining sites into ecological assets while producing needed minerals. Regeneration’s mission is to foster biodiversity, community, and climate positive minerals for the energy transition, green tech, and sustainable brands through remining, reprocessing, and restoration. Regeneration’s full value mining strategy utilizes new technologies and methods to safely remine and reprocess tailings, waste rock, and water to extract minerals and metals. RESOLVE, a Washington DC non-governmental organization that launched Regeneration, is the majority shareholder. Investors and partners can be found here (https://www.regeneration.enterprises/). Regeneration has identified a short list of potential remining and restoration sites, including Ladner.

Terry Harbort, Talisker’s President and CEO commented, “We are excited to be part of Regeneration's exciting vision to transform legacy sites for the benefit of all stakeholders. The business allows for the recovery of significant ounces of gold and complete rehabilitation of the historic tailings facility at Ladner. Having the Proposed JV funded and managed by Regeneration allows Talisker to advance a secondary business while remaining focused on our flagship Bralorne asset, currently transitioning into production.”

Stephen D'Esposito President and CEO of Regeneration commented, “We see significant, potential value in recovering gold from waste while supporting restoration of the site. This formula, treating legacy sites as remining and restoration opportunities, has value across British Columbia and the rest of Canada. With this important first step we now have work to do with First Nations, technology innovators, and the province.”

For further information, please contact:

Terry Harbort
President and CEO
[e-mail]
[phone]

Matt Filgate
Vice President, Corporate Development
[e-mail]
[phone]


About Talisker Resources Ltd.

Talisker (taliskerresources.com) is a junior resource company involved in the exploration and development of gold projects in British Columbia, Canada. Talisker’s flagship asset is the high-grade, fully permitted Bralorne Gold Project where the Company is currently transitioning into underground production at the Mustang Mine. Talisker projects also include the Ladner Gold Project, an advanced stage project with significant exploration potential from an historical high-grade producing gold mine and the Spences Bridge Project where the Company holds ~85% of the emerging Spences Bridge Gold Belt, and several other early-stage Greenfields projects.

Caution Regarding Forward Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Talisker’s current belief or assumptions as to the outcome and timing of such future events. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Talisker. Although such statements are based on reasonable assumptions of Talisker’s management, there can be no assurance that any conclusions or forecasts will prove to be accurate.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions, access and supply risks, reliance on key personnel, operational risks regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks, title and environmental risks and risks relating to the failure to receive all requisite shareholder and regulatory approvals.

The forward-looking information contained in this release is made as of the date hereof, and Talisker is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

[Lone Clone]

Talisker Intersects 38.17 g/t Au over 5.20 Metres from the Bralorne Gold Project Resource Conversion Program

https://ca.finance.yahoo.com/news/talisker-intersects-38-17-g-110000895.html

Talisker Resources Ltd.
Tue, April 2, 2024 at 4:00 a.m. PDT·8 min read

TSKFF
+1.48%

TORONTO, April 02, 2024 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX:TSK | OTCQX:TSKFF)

[Lone Clone]

TDG Gold Identifies Second Copper-Gold Porphyry Target at North Quartz, Baker Complex

https://www.accesswire.com/848360/tdg-gold-identifies-second-copper-gold-porphyry-target-at-north-quartz-baker-complex

Tuesday, 02 April 2024 07:00 AM

WHITE ROCK, BC / ACCESSWIRE / April 2, 2024 / TDG Gold Corp. (TSXV:TDG)

[Lone Clone]

Green River Gold to Commence Placer Gold Mining on the Wabi Claim on the Swift River in May 2024

https://www.newsfilecorp.com/release/203930

April 02, 2024 6:55 AM EDT | Source: Green River Gold Corp.

News Release Highlights:

Green River Gold Corp. ("the Company") will mine gold on one of its fully permitted claims on the Swift River beginning in May.
The Company has access to a fully equipped shop, all necessary equipment and supplies, and experienced personnel through its private affiliate Gold Rush Supplies Inc. Gold Rush Supplies Inc. specializes in the placer mining industry.
The commencement of revenue generating activity from this claim is a major step toward the Company's goal of achieving self-sustaining cash flow from operations.
A separate group of personnel will run the placer mining operations so it will augment and not interfere with the ongoing exploration at the Quesnel Nickel Project.
The commencement of placer gold mining is another step in the direction of the simultaneous advancement of the Company's critical minerals and precious metals properties.

Edmonton, Alberta--(Newsfile Corp. - April 2, 2024) - Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) (the "Company" or "Green River) is pleased to announce that it intends to commence placer gold mining operations on its 100% owned, fully permitted and bonded Wabi claims on the Swift River, approximately 45 minutes from its field headquarters in Quesnel, British Columbia. The Company has two very strong, exciting platforms with the Quesnel Nickel critical minerals project and the Fontaine Gold and Kymar Silver precious metals projects. The next phase of drilling will commence shortly on the Quesnel Nickel Project. This placer gold mining operation demonstrates Green River's commitment to move both platforms forward in parallel as the Company sees significant potential in both its critical minerals and precious metals properties.

About Green River's Swift River Placer Mining Claims and Plans

Green River holds six contiguous placer mining claims totaling 255.94 hectares straddling the Swift River, a river which has a significant history of placer mining production dating back to the Cariboo Gold Rush in the 1870's. The Company also holds placer claims on several other creeks and rivers in the Cariboo Mining District. The placer properties owned by Green River are shown in Figure 1 against the backdrop of the Company's 200 square kilometer Quesnel Nickel/Fontaine Gold mineral property.



Figure 1. Placer Property Locations

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7403/203930_27818d9f74a89b66_002full.jpg

The Company has held its Swift River placer claims for several years, along with placer claims on other well-known creeks and rivers in the Cariboo Mining District. Some of the claims have been rented to other miners in the past for cash rent. With gold prices currently hitting all-time highs of above $3,000 Canadian, the decision was made to have the Company mine some of the claims on its own. Green River may choose to mine some of its other permitted placer claims in the future. The goal is to achieve self-sustaining cash flow from operations which will allow the Company to direct any funds raised in the capital markets directly to exploration activities. The Wabi claim is located along the Swift River and is shown in Figure 2.



Figure 2. Wabi Claim Location

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7403/203930_27818d9f74a89b66_003full.jpg

Green River is uniquely positioned to mine the placer claims because of its relationship with its privately held affiliate, Gold Rush Supplies Inc. The two companies share space in a fully equipped shop and office building located in Quesnel, approximately 45 minutes from the Swift River placer claims. Gold Rush Supplies Inc. builds placer mining equipment and provides mining supplies from a retail and shop location in the shared facility. The fully equipped shop and yard provides an excellent location from which to stage the mining operation and to handle all related administration and management functions. The Company's Qualified Person, Stephen P. Kocsis (P.Geo) has decades of experience in placer gold mining and has personally designed and operated placer mining operations.

The placer mining operation will be run by a team dedicated to that operation. It will augment, not distract from the Company's priority, which is exploration of its mineral properties, particularly drilling and trenching at the Quesnel Nickel project.

Perry Little, Green River's President and CEO comments, "With gold prices at current levels, we see the possibility of creating significant cash flow from our placer mining assets. It is our goal to create sufficient revenue from operations to eventually cover at least our annual operating costs so that any money we raise in the capital markets goes directly to exploration or acquisitions. Our primary focus remains the Quesnel Nickel Project and our other mineral properties. In the meantime, any mining activity that produces cash flow for the Company benefits all our shareholders."

For more information on Green River Gold Corp. and the Quesnel Nickel Project, please visit our website or contact our investor relations team.

Qualified Person:

Stephen P. Kocsis (P.Geo) is the qualified person as defined by National Instrument 43-101 and he has reviewed and approved the technical information in this news release.

About Green River Gold Corp.

Green River Gold Corp. is a dynamic mining company dedicated to sustainable resource development and innovation in the mineral exploration sector. With a strategic focus on identifying and advancing high-potential mining projects, Green River Gold Corp. is committed to creating long-term value for shareholders and stakeholders.

Green River Gold Corp. is a Canadian mineral exploration company focused on its wholly owned Fontaine Gold Project, Quesnel Nickel/Magnesium/Talc Project, and Kymar Silver Project which are located in renowned mining districts in British Columbia.

The Fontaine Gold and Quesnel Nickel properties cover an area exceeding 200 square kilometers and straddle a 32-kilometre length of the Barkerville and Quesnel Terranes. They are contiguous to Osisko Development Corp.'s mineral claim group containing a proposed mine location at its Cariboo Gold Project.

The Kymar Silver Project (the Project or Property) is located in southeast BC, approximately 28 kilometers west of the town of Invermere in the Golden Mining Division. The Property is made up of two mineral tenures, totaling 1,625 hectares of land, along the southeast flank of Mount Catherine.

For more information contact:

Green River Gold Corp.
Mr. Perry Little - President and Chief Executive Officer
[e-mail]
780-993-2193

Additional information about Green River Gold Corp. can be found by reviewing its profile on SEDAR at www.sedarplus.ca.

Forward-Looking Information: This release contains forward-looking information within the meaning of applicable Canadian securities legislation. Expressions such as "anticipates", "expects", "believes", "estimates", "could", "intends", "may", "plans", "predicts", "projects", "will", "would" and other similar expressions, or the negative of these terms, are generally indicative of forward-looking information. Forward-Looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking information.

In addition, the forward-looking information contained in this release is based upon what management believes to be reasonable assumptions. Readers are cautioned not to place undue reliance on forward-looking information as it is inherently uncertain, and no assurance can be given that the expectations reflected in such information will prove to be correct. The forward-looking information in this release is made as of the date hereof and, except as required under applicable securities legislation, the Company assumes no obligation to update or revise such information to reflect new events or circumstances.

The securities of the Company have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This release is issued for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

SOURCE: Green River Gold Corp.

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Golden Cariboo Opens Exploration Camp at its Quesnelle Gold Quartz Mine Property Near Hixon, BC

https://thenewswire.com/press-releases/1ArbF8Py7-golden-cariboo-opens-exploration-camp-at-its-quesnelle-gold-quartz-mine-property-near-hixon-bc.html

March 26, 2024 – TheNewswire - Vancouver, Canada – Golden Cariboo Resources Ltd. (TSXV:GCC) announces its exploration team has begun setting up its exploration camp at the Company’s Quesnelle Gold Quartz Mine property near Hixon, British Columbia.

With a diamond drill onsite, the Company is currently preparing for a robust drilling and exploration program for the 2024 exploration season.

Company president and CEO, J. Frank Callaghan expressed enthusiasm, stating "We're eager to begin Golden Cariboo's 2024 exploration program, which includes diamond drilling and complementary geological activities. Our exploration team is currently completing snow removal, water line and drill pad preparations. Stay tuned for further updates as we anticipate drilling to commence in the upcoming weeks."

About Golden Cariboo Resources Ltd.

Golden Cariboo Resources Ltd. is rediscovering the Cariboo Gold Rush by proceeding with high-grade targeted drilling and trenching programs on its Quesnelle Gold Quartz Mine Project which is almost fully encircled on 3 of 4 sides by Osisko Development (NSE-ODV/TSXV-ODV). Historically, over 101 placer gold creeks on the 90 km trend from the Cariboo Hudson mine north to the Quesnelle Gold Quartz mine have recorded production and successful placer mining continues to this day.

Golden Cariboo’s Quesnelle Gold Quartz Mine property is 4 km northeast of, and road accessible from, Hixon in central British Columbia. The property includes the Quesnelle Quartz gold-silver deposit, which was discovered in 1865 in conjunction with placer mining activities. Hixon Creek, which dissects the Quesnelle Gold Quartz Mine property, is a placer creek which has seen small-scale placer production since the mid 1860’s.

For further information please contact:

GOLDEN CARIBOO RESOURCES LTD

“J. Frank Callaghan”

J. Frank Callaghan, President & CEO

Tel: [phone]

Neither the “CSE” Canadian Securities Exchange nor its Regulation Service Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements:

This news release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and plans of the Company. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes information regarding; the expectation that the Company will receive all necessary exemptions and approvals to complete the Offering; the expectation that the Company will complete the Offering on the terms disclosed, or at all; the expectation that the proceeds will be used for property exploration and for general working capital; the Company’s exploration plans with respect to its Quesnelle Gold Quartz Mine property; and the anticipated participation of the insider in the Offering.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the Company will receive all necessary exemptions and approvals to complete the Offering; that the Company will complete the Offering on the terms disclosed, or at all; that the proceeds will be used for property exploration and for general working capital; that the Company will have the resources required to proceed with its exploration plans; that the Company will not run into regulatory or other barriers in carrying out its business plans; that the insider will participate in the Offering, on the terms and conditions and in the amount currently expected by management; and that the Company will be able to rely on the exemption from the formal valuation and minority shareholder approval requirements on the basis anticipated.

Additionally, forward-looking information involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the Company will not receive the necessary exemptions and approvals to complete the Offering; that the Company will not complete the Offering on the terms disclosed, or at all; that the Company will be unable to use the proceeds for property exploration and for general working capital; that the Company may incur unanticipated costs; that the Company may not have the resources required to pursue its exploration plans; that the Company’s operations could be adversely affected by possible future government legislation policies and controls or by changes in applicable laws and regulations; that the insider may not participate in the Offering on the terms and conditions and in the amount currently expected by management, or at all; and that the Company may not be able to rely on the exemption from the formal valuation and minority shareholder approval requirements on the basis currently expected. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Neither the Company nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this news release. Neither the Company nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this news release by you or any of your representatives or for omissions from the information in this news release.

The forward-looking statements herein speak only as of the date they were originally made. The Company has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

[Lone Clone]

Imperial Reports Red Chris and Mount Polley Drilling Update

https://ca.finance.yahoo.com/news/imperial-reports-red-chris-mount-234700587.html

Imperial Metals Corporation
Mon, March 25, 2024 at 4:47 p.m. PDT·4 min read

III.TO
0.00%

IPMLF
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VANCOUVER, British Columbia, March 25, 2024 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports drill results from Red Chris since the last update on July 24, 2023 and Mount Polley.

At Red Chris, drill hole RC875 was drilled south to north into the East Ridge, the opposite direction to most of the drilling to date, to confirm the down-dip continuity of mineralization in the East Ridge zone. The initial results from hole RC875 (previously reported in the July 24, 2023 news release) returned an intercept of 406 metres grading 1.0% copper and 1.1g/t gold from 486 metres, that includes 248 metres grading 1.4% copper and 1.6 g/t gold from 644 metres. The remaining assays results for this hole have been received and the intercept is now 532 metres grading 0.98% copper and 1.1 g/t gold from 486 metres. This hole was targeted to be drilled to a depth of 1,200 metres but was abandoned at 1,018 metres due to access problems.

The underground drill has collared a hole to test for additional mineralization east of the East Ridge Exploration Target. This hole is designed to test 100 metres below where hole RC876 (previously reported in the July 24, 2023 news release) returned an interval of 274 metres grading 0.45% copper and 0.67 g/t gold from 998 metres. This 274 metre intercept included higher grade intervals of 42 metres grading 1.1% copper and 1.5 g/t gold from 1,080 metres, 14 metres grading 0.63% copper and 1.7 g/t gold from 1,144 metres and 26 metres grading 0.5% copper and 1.1 g/t gold from 1,170 metres. This drilling, located approximately 200 metres east of the defined East Ridge Exploration Target, demonstrates the prospectivity of this area for additional discoveries.

Red Chris drilling in 2023 included six reconnaissance holes. The reconnaissance holes tested targets to the west in the Gully and Far West zones, most of which intersect zones of low-grade copper-gold mineralization. Of interest, the mineralization in the Far West zone is predominantly gold, an example of which is a 56 metre interval in hole RC892 located in the Far West zone that grades 0.05% copper and 0.46 g/t gold from 504 metres.

There were four drills working until July when drilling was reduced to a single underground drill, drilling from stations along the exploration decline. Most of the drilling since the previous update was into the East Zone block cave macroblock 1 to gather more data for the block cave study.

Since January, four holes have been drilled; two to gather more data for the block cave study and two geotechnical holes designed to gather further information on ground conditions where underground development is planned.

At Mount Polley a diamond drilling program of a minimum 5,000 metres drilling started on March 3rd, focusing on two goals. The first is to test for mineralization around the perimeter of the planned Springer pit where there are gaps in the 3-dimensional mineralization model. The second goal is to follow-up on last year’s successful drilling in the Springer zone, by filling gaps in the drilling of the zone and by continuing to test the zone at depth. The first two drill holes of this program have been completed and the third is in progress.

Jim Miller-Tait, P.Geo., Imperial Metals Vice President Exploration, is the designated Qualified Person as defined by National Instrument 43-101 for the Red Chris exploration program and has reviewed this news release. Red Chris samples for the 2022/2023 drilling reported were analysed at Bureau Veritas Mineral Laboratories in Vancouver. A full QA/QC program using blanks, standards and duplicates was completed for all diamond drilling samples submitted to the labs. Significant assay intervals reported represent apparent widths. Insufficient geological information is available to confirm the geological model and true width of significant assay intervals.

Drillhole data is available on imperialmetals.com.

About Imperial

Imperial is a Vancouver based exploration, mine development and operating company with holdings that include the Mount Polley mine (100%), the Huckleberry mine (100%), and the Red Chris mine (30%). Imperial also holds a portfolio of 23 greenfield exploration properties in British Columbia.

Company Contacts

Brian Kynoch | President | 604.669.8959
Darb S. Dhillon | Chief Financial Officer | 604.488.2658
Jim Miller-Tait | Vice President Exploration | 604.488.2676

Cautionary Note Regarding Forward-Looking Statements

This press release contains certain “forward-looking statements” within the meaning of Canadian securities legislation, relating to exploration, drilling and mineralization at the Red Chris and Mount Polley mines; assay results; the interpretation of drilling and assay results; the results of the drilling program, mineralization and the discovery of zones of mineralization; and plans for future exploration and drilling at the Mount Polley mine and the timing of same. 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”, “interpreted”, “intends”, “estimates”, “projects”, “aims”, “suggests”, “demonstrates”, “encouraging”, “indicate”, “often”, “target”, “future”, “likely”, “pending”, “potential”, “goal”, “objective”, “prospective”, “possibly”, “preliminary”, 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 Toronto Stock 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 risks associated with possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with the interpretation of assay results and the drilling program, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company’s exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company’s business and prospects. The reader is urged to refer to the Company’s Annual Information Form and Management’s Discussion and Analysis, 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.

[Lone Clone]

GSP Resource Samples 11% Copper and 0.65 g/t Gold from Surface and Completes Ground Geophysical Surveys at Alwin Mine Copper-Silver-Gold Project

https://thenewswire.com/press-releases/1kEjFad1g-gsp-resource-samples-11-copper-and-0-65-g-t-gold-from-surface-and-completes-ground-geophysical-surveys-at-alwin-mine-copper-silver-gold-project.html

Vancouver, British Columbia / TheNewswire / March 26, 2024: GSP Resource Corp. (TSX-V: GSPR)

[Lone Clone]

Taseko Acquires 100% of Gibraltar Mine

https://www.prnewswire.com/news-releases/taseko-acquires-100-of-gibraltar-mine-302097839.html

Taseko Mines Limited 25 Mar, 2024, 08:00 ET

VANCOUVER, BC, March 25, 2024 /PRNewswire/ - Taseko Mines Limited (TSX: TKO) (NYSE American: TGB) (LSE: TKO) ("Taseko" or the "Company") is pleased to announce that it has entered into a definitive agreement ("Agreement") to acquire the remaining 12.5% interest in the Gibraltar Mine from Dowa Metals & Mining Co., Ltd. ("Dowa") and Furukawa Co., Ltd. ("Furukawa"). Under the terms of the Agreement, Taseko will acquire Dowa and Furukawa's shares in Cariboo Copper Corp ("Cariboo") and will then own 100% of Cariboo shares and have an effective 100% interest in the Gibraltar Mine.

All amounts in this press release are stated in Canadian dollars (C$) unless otherwise specified.

The acquisition price consists of a minimum amount of $117 million payable over a period of ten years and potential contingent payments depending on copper prices and Gibraltar's cashflow. An initial $5 million will be paid to Dowa and Furukawa ($2.5 million each) shortly following closing and the remaining amounts will be settled with annual payments commencing in March 2026.

Stuart McDonald, President & CEO of Taseko, commented, "We are happy to once again own 100% of the Gibraltar mine, our foundational asset, which will continue to generate strong returns for the Company for many years to come. This acquisition provides 14% growth in our attributable copper production, and is immediately cashflow accretive as we advance construction at our Florence Copper Project.

We also receive additional offtake rights as the Cariboo offtake contract comes back to Taseko, providing potential cost savings and longer-term strategic benefits as we continue to develop our North American copper production profile."

"We have established a positive relationship with Dowa and Furukawa over the last 14 years. Given that both groups are reducing their copper smelting businesses and are exiting their copper mining investments, we've been able to structure this exit from our long-term partnership in a mutually beneficial manner," concluded Mr. McDonald.


Terms of the acquisition
An initial $5 million payment will be made to Dowa and Furukawa shortly following closing. The remaining cash consideration will be repayable in annual payments commencing in March 2026. The annual payments will be based on the average LME copper price of the previous calendar year, subject to an annual cap based on a percentage of cashflow from the Gibraltar Mine. At copper prices below US$4.00 per pound, the annual payment will be $5 million, increasing pro-rata to a maximum annual payment of $15.25 million at copper prices of US$5.00 per pound or higher. The annual payments also can not exceed 6.25% of Gibraltar's annual cashflow for the 2025 to 2028 calendar years, and 10% of Gibraltar's cashflow for the 2029 to 2033 calendar years. Any outstanding balance on the minimum acquisition amount of $117 million will be repayable in a final balloon payment in March 2034.

Total consideration is capped at $142 million, limiting the contingent consideration to a maximum of $25 million. In addition, Taseko has the option to settle the full acquisition price at any time prior to 2029 by making total payments of $117 million.

The Company's minimum payment obligations are in the form of loans from Dowa and Furukawa to Cariboo. The loans are guaranteed by Taseko, and a portion of the loans are secured by Cariboo's 25% joint venture interest in the Gibraltar Mine. The loans contain minimum protective covenants including the requirement not to amend the joint venture agreement for the Gibraltar mine, or sell Cariboo's 25% interest in the joint venture.

Under the Cariboo offtake arrangements entered into in 2010, Dowa and Furukawa were entitled to receive 30% of Gibraltar's copper concentrate offtake for the life of mine, at benchmark terms. Upon closing of this acquisition, the Cariboo offtake agreement will be terminated and Taseko will retain full marketing rights for 100% of Gibraltar's concentrate offtake going forward.

Stuart McDonald

President and CEO

No regulatory authority has approved or disapproved of the information contained in this news release.


Caution Regarding Forward-Looking Information
This document contains "forward-looking statements" that were based on Taseko's expectations, estimates and projections as of the dates as of which those statements were made. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "outlook", "anticipate", "project", "target", "believe", "estimate", "expect", "intend", "should" and similar expressions.

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. These included but are not limited to:

uncertainties about the future market price of copper and the other metals that we produce or may seek to produce;
changes in general economic conditions, the financial markets, inflation and interest rates and in the demand and market price for our input costs, such as diesel fuel, reagents, steel, concrete, electricity and other forms of energy, mining equipment, and fluctuations in exchange rates, particularly with respect to the value of the U.S. dollar and Canadian dollar, and the continued availability of capital and financing;
inherent risks associated with mining operations, including our current mining operations at Gibraltar, and their potential impact on our ability to achieve our production estimates;
uncertainties as to our ability to control our operating costs, including inflationary cost pressures at Gibraltar without impacting our planned copper production;
uncertainties related to the accuracy of our estimates of Mineral Reserves (as defined below), Mineral Resources (as defined below), production rates and timing of production, future production and future cash and total costs of production and milling;
the risk that we may not be able to expand or replace reserves as our existing mineral reserves are mined;
our ability to comply with the extensive governmental regulation to which our business is subject;
uncertainties related to First Nations claims and consultation issues;
our reliance on rail transportation and port terminals for shipping our copper concentrate production from Gibraltar;
uncertainties related to unexpected judicial or regulatory proceedings;
changes in, and the effects of, the laws, regulations and government policies affecting our mining operations and mine closure and bonding requirements;
our dependence solely on our interest in Gibraltar (as defined below) for revenues and operating cashflows;
our ability to collect payments from customers, extend existing concentrate off-take agreements or enter into new agreements;
environmental issues and liabilities associated with mining including processing and stock piling ore;
labour strikes, work stoppages, or other interruptions to, or difficulties in, the employment of labour in markets in which we operate our mine, industrial accidents, equipment failure or other events or occurrences, including third party interference that interrupt the production of minerals in our mine;
environmental hazards and risks associated with climate change, including the potential for damage to infrastructure and stoppages of operations due to forest fires, flooding, drought, or other natural events in the vicinity of our operations;
litigation risks and the inherent uncertainty of litigation;
our actual costs of reclamation and mine closure may exceed our current estimates of these liabilities;
our ability to meet the financial reclamation security requirements for the Gibraltar mine ;
the capital intensive nature of our business both to sustain current mining operations;
our reliance upon key management and operating personnel;
the competitive environment in which we operate;
the effects of forward selling instruments to protect against fluctuations in copper prices, foreign exchange, interest rates or input costs such as fuel;

For further information on Taseko, investors should review the Company's annual Form 40-F filing with the United States Securities and Exchange Commission www.sec.gov and home jurisdiction filings that are available at www.sedarplus.ca, including the "Risk Factors" included in our Annual Information Form.

SOURCE Taseko Mines Limited

[Lone Clone]

Canadian Critical Minerals Completes Commissioning of Ore Sorter at Bull River Mine Project

https://www.newsfilecorp.com/release/202713

March 21, 2024 6:03 PM EDT | Source: Canadian Critical Minerals Inc.

Calgary, Alberta--(Newsfile Corp. - March 21, 2024) - Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ("CCMI" or the "Company") is pleased to report that it has completed commissioning of a Steinert KSS 100 ore sorter ("ore sorter") at the Bull River Mine ("BRM") project near Cranbrook, BC. The ore sorter is being used to pre-concentrate mineralized copper material from a large surface stockpile prior to trucking to New Afton under an Ore Purchase Agreement ("OPA") (see press release dated October 5, 2023, on Sedar+).

The Company temporarily suspended trucking to New Afton in the last week of February 2024 following the imposition of road restrictions by the Ministry of Transportation and Infrastructure of British Columbia to 70% of normal loads due to mild winter conditions in the Cranbrook area. The Company will resume trucking once road restrictions are removed. In the interim period, the Company will build a temporary stockpile of higher-grade mineralized copper material ready for shipment to New Afton.

The Company is also pleased to announce the results of its annual and special meeting held in Calgary, Alberta on March 20, 2024. Shareholders of CCMI approved all matters of business put forth at its annual and special meeting, including the re-election of directors Ian Berzins, David W. Johnston, Aaron Matlock, John Morgan, Gestur Kristjansson, Heather Kennedy and Chris Stewart. The shareholders appointed Kenway Mack Slusarchuk Stewart LLP as auditors of the Corporation. The shareholders also approved the Company's rolling stock option plan.

About Canadian Critical Minerals Inc.

CCMI is a mining company primarily focused on two near-term copper production assets in Canada. CCMI's main asset is the 100% owned Bull River Mine project (>135 million lbs of copper) near Cranbrook, British Columbia which has a Mineral Resource containing copper, gold and silver. CCMI also owns a 34% interest in the Thierry Mine project (>1.3 billion lbs of copper) near Pickle Lake, Ontario which has a Mineral Resource containing copper, nickel, silver, palladium, platinum and gold.

Contact Information
Canadian Critical Minerals Inc.
Ian Berzins
President & Chief Executive Officer
M: [phone]
E: [e-mail]
Website: www.canadiancriticalmineralsinc.com

Caution Regarding Forward-Looking Information

This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and other risks.

Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. 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, except as required by law.

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

SOURCE: Canadian Critical Minerals Inc.

[Lone Clone]

Torr Metals Delineates a Total of 5 Untested Copper Soil Anomalies Spanning a 7 km Porphyry Trend Adjacent to Highway 5 on the Kolos Project

https://www.newsfilecorp.com/release/202880

March 25, 2024 6:30 AM EDT | Source: Torr Metals Inc.

Vancouver, British Columbia--(Newsfile Corp. - March 25, 2024) - Torr Metals Inc. (TSXV: TMET)

[Lone Clone]

Quartz Expands Maestro Project Area with Acquisitions of Lone Pine Porphyry Deposit Claim and North Claim

https://www.accesswire.com/844241/quartz-expands-maestro-project-area-with-acquisitions-of-lone-pine-porphyry-deposit-claim-and-north-claim

Tuesday, 19 March 2024 08:30 AM

Transactions Consolidate Multiple Overlapping Mineralized Systems Under Quartz Control

VANCOUVER, BC / ACCESSWIRE / March 19, 2024 / Quartz Mountain Resources Ltd. ("Quartz" or the "Company") (TSXV:QZM)(OTC PINK:QZMRF) is pleased to announce the Company has agreed under two separate transactions, to purchase a 100% interest in each of the Lone Pine Claim and the North Claim (the "Acquisitions"). These two mineral claims total 169 hectares and are located within the Company's 100%-owned Maestro Property located 15km north of the town of Houston, British Columbia.

Consolidation of the 2,309 -hectare Maestro Project area allows continuous, through-going access to explore the potential for multiple overlapping precious and base metal systems in their entirety. As such, they add significant value to the Company's strategic plan to develop and transact the Maestro Project. In December 2023, Quartz completed 1,445 meters of diamond drilling in two holes at the Prodigy Au-Ag-Mo-Cu epithermal target approximately 1km north of the Lone Pine porphyry deposit. In addition, Quartz also completed surface and downhole geophysical surveys over the newly drilled area immediately after completion of its two drill holes. Results from the 482 core samples collected during that drill program are being processed and expected to be announced within the next three weeks.

Bob Dickinson, Chairman of Quartz commented, "These claim acquisitions are strategically important to Quartz as they allow us to rapidly move the Maestro Project forward. Our property assessments to date indicate Maestro hosts multiple overlapping precious and base metal mineralizing events over a large area. Historical drilling of 24,300 meters at Lone Pine delineated a sizable and higher-grade molybdenum porphyry deposit. We believe this system is the heat-engine for potentially extensive, epithermal gold and silver mineralization in addition to molybdenum and copper outboard of the Lone Pine deposit."

Figure 1: Plan map showing Lone Pine and North claim acquisitions within Maestro Property.

The Lone Pine mineral claim was purchased from Eagle Plains Resources Ltd., an arms-length vendor, for 750,000 common shares of the Company and a 2% NSR royalty, of which 1.5% can be purchased at any time by payment of $5 million. The shares are subject to a 24-month contractual resale restriction and a further right for the Company to arrange purchasers of the shares in the case of resales after that period. The Lone Pine transaction is subject to customary TSX Venture Exchange acceptance and closing conditions.

The North mineral claim was purchased from Shawn Merkley, an arms-length vendor, for $24,000, 45,000 common shares of the Company, and a 2% NSR royalty which can be purchased at any time by a payment of $2 million. The cash and common shares will be paid in three equal installments ($8,000 and 15,000 common shares) over two years with the first installment due upon closing. The North transaction is subject to customary TSX Venture Exchange acceptance and closing conditions.

Historical Resource Estimate at Lone Pine Claim1
Drilling of some 24,300 meters was completed historically in 49 holes at the porphyry molybdenum deposit on the Lone Pine claim by previous owners. A historical estimate of the mineral resources was also done and comprises Measured and Indicated Resources (M+I) of 110Mt grading 0.083% Mo, and Inferred Resources of 25.8Mt grading 0.088% Mo at a 0.04% Mo cut-off described in NI-43-101 Technical Report, effective date of January 21, 2011, by P & E Mining Consultants Inc. for Bard Ventures Ltd.

A qualified person has not done sufficient work to classify the historical estimate as current mineral resources and the issuer is not treating the historical estimate as current mineral resources.

Additional work needs to be done to upgrade or verify the historical estimate as current mineral resources. Quartz has not yet conducted any drilling on the Lone Pine mineral property. Thus, the historical estimate and historical drilling are of uncertain relevance and reliability.

Qualified Person
Farshad Shirmohammad, M.Sc., P.Geo., a Qualified Person as defined under National Instrument 43-101, who is not independent of Quartz Mountain Resources Ltd., has reviewed and approved the technical content of this news release.

_________________________________________________________________________________
1 Technical Report and Preliminary Economic Assessment of the Lone Pine Project for Bard Ventures Ltd by P&E Mining Consultants Inc., effective date January 21, 2011, is filed on the profile for St James Gold Corp. (formerly Bard Ventures Ltd.) at www.sedarplus.ca.
M+I includes 33.4Mt grading 0.092% Mo in measured category and 76.98Mt grading 0.079% Mo in indicated category.
The historical estimate used ordinary kriging constrained by grade domain and lithologic solid models. Only molybdenum grades were estimated. Assay grade distribution was evaluated statistically before compositing with no cutting or capping deemed necessary. Density measurements were made on 83 core samples; density was assigned based upon the median value for each lithologic domain. "Best Fit? 10 m downhole composites were generated within a grade shell domain based on a 0.02% Mo cut-off grade. Semi-variograms were modeled in order to develop kriging parameters, search parameters and anisotropy. Block size was set at 20 x 20 x 10 m, and block grades estimated using three interpolation passes with increasing search distance. The model was validated by comparing to nearest neighbour estimated and composite grade distributions, swath plots and visual inspection of sections and plans. Classification as measured, indicated and inferred was based upon constraints including zone, drilling density and distance to nearest composite. The report states that classification was done in accordance with CIM Standards.
A preliminary open pit optimization was carried out in order to identify potential open pit resources. A number of Lerchs-Grossmann pit shell envelopes were generated by varying operating costs, metal prices and pit slope parameters. The 0.04% cutoff assumed a Mo price of US$25/lb. (85% recovery), mining cost of $2.00 per rock tonne and processing/refining/general and administration ("G&A") costs of $10.00 per tonne processed.

About Quartz

Quartz Mountain Resources Ltd. (TSXV:QZM),(OTC PINK:QZMRF) is a restructured mineral exploration company headquartered in Vancouver, Canada. It is focused on discovering and transacting high-value gold, silver, and copper projects. The Company holds 100% of the Maestro Gold-Silver-Molybdenum-Copper Property and 100% of the Jake Copper-Gold-Silver Property. Both projects have access to infrastructure and high potential for important resources and future transactions. The BC government has awarded permits for 50 drill sites for each project.

Quartz is associated with Hunter Dickinson Inc. (HDI), a company with over 35-years of successfully discovering, developing, and transacting mineral projects in Canada and internationally. Former HDI projects in BC included, Mount Milligan, Kemess South, and Gibraltar - all of which are porphyry deposits with current or former producing mines. Other well-known projects with HDI involvement include Sisson and Prosperity in Canada, Pebble and Florence in the United States, and Xietongmen in China.

Quartz is committed to the advancement of important scale, critical and essential mining assets while following responsible mineral development principles, including a mandate to employ best practice approaches in the engagement and involvement of local communities, and meeting rigorous environmental standards.

On behalf of the Board of Directors
Robert Dickinson
Chairman

For further details, contact Robert Dickinson at:

T: [phone] or within North America at 1-800-667-2114.
E: [e-mail]
W: www.quartzmountainresources.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 Statement Regarding Forward-Looking Information.

This release includes certain statements that may be deemed "forward-looking-statements". All statements in this release, other than statements of historical facts are forward-looking-statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Assumptions used by the Company to develop forward-looking statements include the following: the Company's projects will obtain all required environmental and other permits, and all land use and other licenses, studies and exploration of the Company's projects will continue to be positive, and no geological or technical problems will occur. Though the Company believes the expectations expressed in its forward-looking-statements are based on reasonable assumptions, such statements are subject to future events and third party discretion such as regulatory personnel. Factors that could cause actual results to differ materially from those in forward-looking statements include variations in market prices, continuity of mineralization and exploration success, and potential environmental issues or liabilities associated with exploration, development and mining activities, uncertainties related to the ability to obtain necessary permits, licenses and tenure and delays due to third party opposition, changes in and the effect of government policies regarding mining and natural resource exploration and exploitation, and exploration and development of properties located within Aboriginal groups asserted territories that may affect or be perceived to affect asserted aboriginal rights and title, and which may cause permitting delays or opposition by Aboriginal groups, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, and the risks and uncertainties connected with its business, investors should review the Company's home jurisdiction filings as www.sedarplus.ca and its 20F filings with the United States Securities and Exchange Commission at www.sec.gov.

SOURCE: Quartz Mountain Resources Ltd.

[Lone Clone]

CMC Metals Identifies Significant Exploration Potential on Its Silverknife Property in the Emerging Rancheria Silver District, Northern B.C.

https://www.accesswire.com/844823/cmc-metals-ltd-identifies-significant-exploration-potential-on-its-silverknife-property-in-the-emerging-rancheria-silver-district-northern-bc

Wednesday, 20 March 2024 08:00 AM

VANCOUVER, BC / ACCESSWIRE / March 20, 2024 / CMC Metals Ltd. (TSXV:CMB)(Frankfurt:ZM5P)(CMCXF:OTCQB) ("CMC" or the "Company") is pleased to announce that the Company has completed a detailed review of over 4 decades of historical and recent exploration data on its Silverknife Property that has resulted in the identification of four large zones with significant exploration potential. The review was completed by CMC's Project Geologist Cesar Symonds along with Company President and Chief Geoscientist, Kevin Brewer.

The Silverknife Property is located immediately west of Coeur Mining Inc. very high-grade silver-lead-zinc-critical minerals carbonate replacement deposit (i.e the "Silvertip mine") located in the emerging Rancheria Silver District in north-central British Columbia. CMC has only conducted preliminary exploration at the Silverknife Property and intends to focus future exploration efforts on the property. The company will also continue to advance exploration and evaluation of the Amy and Silver Hart properties in the Rancheria Silver District when market conditions improve.

Mr. John Bossio, Chairman of the Company noted "Silverknife is a property with significant exploration merit and now that we have secured 100% ownership we are working diligently to secure a strategic partner to advance an aggressive exploration program. We remain very committed to all of our projects in the emerging Rancheria Silver District."

Mr. Kevin Brewer, P.Geo. and President and CEO of the Company noted that "Our in-depth analysis of the data produced some highly positive results. That work truly demonstrated to us the vast exploration potential encompassing a majority of the property area. We accomplished a lot in 2023 including the establishment of a 20 person modern camp facility, confirmation of the Cassiar instrusive, and identification of significant fault structures and mineralization in the Silverknife Prospect Zone. This hard work has culminated in the generation of a very detailed exploration plan which we now plan to implement. We expect to focus initial work efforts in the Tootsee North and Silverknife South and a description of the positive features of these areas is further described. I look forward to a very successful 2024 exploration season at Silverknife."

Details of the results on the property analysis are presented in the following sections and related figures.

Overall Potential

The overall exploration potential is considered to be high at the Silverknife Project. Figure 1 identifies four key zones, a majority of which remain relatively unexplored with each having characteristics that are typically associated with silver-lead-zinc carbonate replacement ("CRD") and skarn deposits.

As previously noted, the Silverknife property is located immediately adjacent to the west of the Silvertip Mine owned by Coeur Mining Inc. Silvertip is one of the highest-grade silver-lead-zinc CRD's in the world and Coeur have achieved spectacular results from recent exploration efforts at Silvertip.

Being proximal to a deposit like Silvertip is important as CRD deposits tend to form in clusters and along structural corridors with regional targets based on a "hub and spoke" model. Silverknife is located along one of the potential "spokes" or structural corridors. Other positive aspects of Silverknife include the presence of the host rock to Silvertip, the McDame limestone, found in outcrops in both the northernmost and southernmost portions of the Silverknife property, positive geochemistry, and a non-compliant historic resource with reported high grades in drill intersections at Silverknife Prospect.

Limited mapping and exploration activity of these areas has been conducted to date by previous explorationists and CMC. These areas all merit considerably more exploration. Required work will include, but may not be limited to, geochemical sampling, detailed geological/structural mapping, and ground geophysics. These techniques will serve to target possible faults which are prime areas for mineralization and/or the presence of sulfides with the expected result to be numerous drill targets.

Zones with Exploration Potential at Silverknife

CMC has highlighted four target zones (see Figure 1) on the property, all of which require considerable exploration to truly evaluate their potential. These are detailed in the following sections.

1. Tootsee North: Interest in this zone stems from (see Figure 2):

The defined presence of McDame Limestone in outcrops
A large coincident gravity-conductivity anomaly
Proximity to the Cassiar intrusive - a potential heat source to enhance the movement of mineralizing fluids into the overlying McDame limestone
Likely presence of faults which present possible conduits for fluid movements

Work required in this area includes the completion of road access, grid establishment and line cutting, Induced Polarization, VLF and possibly CSMAT geophysical studies, trenching (if possible), and geochemical sampling to pinpoint drill targets.

2. Central Zone: Interest in this zone stems from (see Figure 3):

A large and strong EM conductivity anomaly that is oriented northeastwards and extends across the entire property from the western boundary to the eastern boundary
Significant and areally large silver, lead and zinc geochemical anomalies within incised valleys that to date have no identified source. Potential sources include possible mineralization upslope from the Tapioca sediments (primarily limestones and sandstones) or sources at depth (potentially the Kechika/Atan Group sediments which are known to be mineralized elsewhere in the belt)
possible large NW oriented fault structures that are now represented by incised creeks which could be conduits for mineralization
These anomalies also demonstrated a possible zonational pattern which would be consistent with CRD mineralization
Proximity to the Cassiar intrusive - a potential heat source to enhance the movement of mineralizing fluids into the local sediments

Work in this area proposed will include detailed geological and structural mapping, and wherever possible IP, VLF and CSMAT geophysical surveys. The area is topographically challenging in the upper parts of the geochemical anomalous areas.

3. Silverknife South: Interest in this zone stems from (see Figure 4):

Complex fault structures with multiple orientations cutting through McDame and Tapioca Group sediments present possible conduits for mineralization
Identified outcrops of McDame limestone
Hydrothermal and iron oxide alteration zones
Large dyke complex
Immediately north of Coeur's

This is one of the least known areas of the property to date. It requires detailed geological/structural mapping, geochemical sampling and possible IP, VLF and CSMAT geophysical surveys to pinpoint drill targets.

4. Silverknife Prospect: Interest in this zone stems from (see Figure 5):

Identified high grade silver-lead-zinc drill intersections in historical drilling
Evidence of faulting presenting possible conduits for mineralization, with recently defined fault structures from the 2023 drilling campaign
Known targets yet to be drilled as the 2023 drill program was limited to approximately 1,400 meters of drilling which is a small program
Geochemical anomalies
A conductivity anomaly identified from the airborne survey
Proximity to the Cassiar intrusive - a potential heat source to enhance the movement of mineralizing fluids into the local sediments
Drill modelling showing that further potential for expansion of a historical resource remains open along strike and at depth

Despite minimal success in the 2023 drilling in this area, only a small area of the Silverknife Prospect was covered and opportunities remain to expand non 43-101 compliant historical resources in this area. Further proposed work includes possible IP, VLF and CSMAT geophysical surveys to pinpoint drill targets.

The Future Outlook

Our hope is to make a significant discovery of a CRD/Skarn deposit at Silverknife in the near future. Our short-term plan is to secure a strategic partner for the project likely in an earn-in arrangement. With a discovery at Silverknife, or on one of other properties in the Rancheria Silver District, our plan would be to advance drilling and resource definition at a rapid pace to eventually enable the completion of a preliminary economic assessment of the project.

This will enable CMC to also secure project investment which it will utilize on this project and also serve to advance the Amy and Silver Hart projects that also merit additional exploration. CMC is looking to option the Logjam (Yukon) and Bridal Veil (Newfoundland) projects and will consider a range of alternatives to advance all of its projects in the near future.

Qualified Person

Qualified Person Kevin Brewer, a registered professional geoscientist, is the Company's President and CEO, and Qualified Person (as defined by National Instrument 43-101). He has given his approval of the technical information pertaining reported herein. The Company is committed to meeting the highest standards of integrity, transparency and consistency in reporting technical content, including geological reporting, geophysical investigations, environmental and baseline studies, engineering studies, metallurgical testing, assaying and all other technical data.

About CMC Metals Ltd.

CMC Metals Ltd. is a growth stage exploration company focused on opportunities for high grade polymetallic deposits in British Columbia, Yukon and Newfoundland. Our flagship project is the Silverknife Property in the emerging Rancheria Silver District. Other projects in this District include the Amy project (British Columbia) and the Silver Hart Deposit/Blue Heaven claims (Yukon). Our polymetallic projects with potential for copper-silver-gold and other metals include Bridal Veil (Newfoundland) and Logjam (Yukon), both of which are available for option.

On behalf of the Board:

"John Bossio"
John Bossio, Chairman
CMC METALS LTD.

For Further Information and Investor Inquiries:
Kevin Brewer, P. Geo., MBA, B.Sc.(Hons), Dip. Mine Eng.
President, CEO and Director
Tel: [phone]
[e-mail]
Suite 1000-409 Granville St., Vancouver, BC, V6C 1T2

To be added to CMC's news distribution list, please send an email to [e-mail] or contact Mr. Kevin Brewer directly.











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

"This news release may contain certain statements that constitute "forward-looking information" within the meaning of applicable securities law, including without limitation, statements that address the timing and content of upcoming work programs, geological interpretations, receipt of property titles and exploitation activities and developments. In this release disclosure regarding the potential to undertake future exploration work comprise forward looking statements. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks, including the ability of the Company to raise the funds necessary to fund its projects, to carry out the work and, accordingly, may not occur as described herein or at all. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, the impact of the constantly evolving COVID-19 pandemic crisis and continued availability of capital and financing and general economic, market or business conditions. Readers are referred to the Company's filings with the Canadian securities regulators for information on these and other risk factors, available at www.sedar.com. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation."

SOURCE: CMC Metals Ltd.

[Lone Clone]

Hanstone Gold Announces Doc Property Mineral Resource Estimate with a Middle Range of 172,000 Tonnes Containing 15.1 g/t Au and 65.2 g/t Ag

https://thenewswire.com/press-releases/1kVGFv16M-hanstone-gold-announces-doc-property-mineral-resource-estimate-with-a-middle-range-of-172-000-tonnes-containing-15-1-g-t-au-and-65-2-g-t-ag.html

Vancouver, BC, March 20, 2024 / TheNewswire / Hanstone Gold Corp. (TSX.V:HANS) (FRA:HGO

[Lone Clone]

Independence Gold Commences Spring Drill Program at 3Ts Project, BC

https://www.newsfilecorp.com/release/202170

March 19, 2024 8:00 AM EDT | Source: Independence Gold Corp

Vancouver, British Columbia--(Newsfile Corp. - March 19, 2024) - Independence Gold Corp. (TSXV: IGO) (OTCQB: IEGCF) (the "Company") is pleased to announce the commencement of a diamond drill program at its 100% owned 3Ts Project, located approximately 185 kilometres ("km") southwest of Prince George, British Columbia and situated 16 km southwest of Artemis Gold Inc.'s Blackwater Project.

The spring drill program will consist of approximately 20 planned drill holes totaling a minimum 4,200 metres ("m") and will focus on the underexplored sections of the Ted-Mint and Tommy Vein Systems, especially at depth where there is the potential for high-grade intercepts that will be used to expand the existing mineral resource (see report titled "Technical Report on the Mineral Resource Estimate Update for the 3Ts Gold Project, Omineca Mining Division, British Columbia, Canada" authored by Armitage and Miller, effective August 18th, 2022; please see news release dated August 18, 2022 for further details).

The drill budget will also allow for the testing of several geophysical targets located 400m west of the Tommy Vein, collectively known as the "Balrog" anomaly, and further testing of the Johnny and Ian veins and the Ootsa copper-silver target. The estimated budget for the spring drill program is $1.9 million.

The 3Ts Project is comprised of seventeen mineral claims covering approximately 8,840 hectares in the Nechako Plateau region of central British Columbia. The 3Ts Project covers a low-sulphidation epithermal quartz-carbonate vein district within which more than a dozen individual mineralized veins, ranging from 50 m to more than 1,100 m in length and true widths up to 25 m, have been identified.

About Independence

Independence Gold Corp. is a well-financed mineral exploration company with holdings ranging from early-stage grassroots exploration to advanced-stage resource expansion in British Columbia and Yukon. The Company is positioned to add shareholder value through systematic project advancement, while management continues to evaluate additional gold and silver projects for possible acquisition. For additional information, visit the Company's website www.ingold.ca.

Andy Randell, P.Geo., the Company's Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information in this news release.

ON BEHALF OF THE BOARD OF INDEPENDENCE GOLD CORP.

"Randy Turner"

Randy Turner, President and CEO

Suite 580 – 625 Howe, Vancouver, British Columbia V6C 2T6
Telephone: [phone]
Facsimile: 604-687-1448
E-Mail: [e-mail]

Neither the 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.

All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to Independence within the meaning of applicable securities laws, including statements with respect to the Company's planned drilling and exploration activities. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to those identified and reported in Independence's public filings under Independence Gold Corp.'s SEDAR profile at www.sedar.com. Although Independence has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Independence disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.

SOURCE: Independence Gold Corp