Canadian Stocks

[howestreetbull]

SKYG.v $SRKZF Neighbour in Que out with beefed up plans for the winter...STARR PEAK SECURES A THIRD DRILL RIG FOR ITS WINTER VTEM TARGETS DRILLING PROGRAM
by @newswire on 8 Feb 2022, 03:30
VANCOUVER, BC, Feb. 8, 2022 /CNW/ - Starr Peak Mining Ltd. ("Starr Peak" or the "Company") (TSXV: STE) (OTCQX: STRPF) has made arrangements to bring a third drill rig to its NewMétal property ("NewMétal" or "the Property"), with an estimated start date of February 10th. The rig will focus on high priority VTEM anomalies located on a projected extension of the Perron Eastern Gold Zone trend (Figure 1) onto the NewMétal property near the town of Normétal, Québec. Amex Exploration (January 11, 2022 news release) has identified the E3 Gold Zone which is consistent with a North-East trend and located approximately 1.5 kilometres West of the property boundary.

The ongoing drilling program continues to target both the Normetmar Deep Zone below 600m vertical depth and the 4 km long prolific Normetmar-Normétal lithological contact within the property, taking into account the many new massive sulphide intercepts in 2021. The Normetmar Deep Zone is located directly below the Normetmar high-grade zinc deposit and approximately one kilometre west of the historic Normétal Mine which produced ~10.1M tonnes of 2.15% Cu, 5.12% Zn, 0.549 g/t Au, and 45.25 g/t Ag (Boivin, 1988).

Johnathan More, Chairman and CEO of Starr Peak commented, "We are very excited with the third drill coming in to focus on the numerous VTEM conductor anomalies in the vicinity of Amex Exploration's E3 Gold Zone. This will start our testing of the gold and massive sulphide mineralization potential of the northern part of the property."

Figure 1: Geological Map of the NewMétal property and its 2021 VTEM anomalies with respect to Amex Exploration’s Perron Project Eastern and E3 Gold Zones. (CNW Group/Starr Peak Mining Ltd.)

Figure 1: Geological Map of the NewMétal property and its 2021 VTEM anomalies with respect to Amex Exploration's Perron Project Eastern and E3 Gold Zones.

Qualified Person

Alexis Paulin Bissonnette, Ing. (OIQ 5037621), an independent Qualified Person as defined by Canadian NI 43-101 standards, has reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Alexis Paulin Bissonnette. Core logging and sampling were completed by Laurentia Exploration. The quality assurance and quality control protocol include insertion of one blank, one standard and one duplicate every 25 samples, in addition to the regular insertion of blank, duplicate, and standard samples accredited by ALS Canada Ltd. during the analytical process. Additionally, sample weight is taken prior shipment to validate sample identity. Gold values are estimated by fire assay with finish by atomic absorption. Zinc, Copper and Silver values are estimated by four acid digestion multi elements Inductively Coupled Plasma – Atomic Emission Spectroscopy (ICP-AES), ME-ICP61. Zinc values over 1%, copper values over 1% and silver values over 100 g/t are estimated by four acid digestion ICP-AES, OG62. Zinc values over 30% are estimated by potentiometric titration, ZN-VOL50. The Qualified Person has not completed sufficient work to verify the historic information on the Property, particularly in regards to historical drill results. However, the Qualified Person believes that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.

References and disclosures

Normétal historical Mine and Normetmar:
Summary Report, Normetmar Project, January 1988 by L. Boivin

*Metal Factor zinc equivalent formula: Zn_eq (%)* Core length
Zn_eq (%) = Zn(%) + [Cu(%) * Cu price (lb) / Zn price (lb)] + [Ag(%) * Ag price (oz) * 14,632 / Zn price (lb) ] + [Au(%) * Au price (oz) * 14.632 / Zn price (lb)]
Zn_eq % based on US$: 1.2$/lb Zn, $3.5/lb Cu, $25/oz Ag, $1800/oz Au.

The historical information on the Longitudinal has not been validated otherwise than with the information inside historical reports and cross sections. Exact location of historical drill hole pierce points on the longitudinal may be different.

The Company wishes to caution that historical resources described above are historical. The historic resources are relevant to give a ballpark estimate of the potential on the property. Historical resources should not be relied upon. The key assumptions, parameters and methods used to prepare the historical estimate is not known and thus the difference between the historic estimates and NI 43-101 compliant estimates is also not known. The historical estimates used categories other than the ones set up in sections 1.2 and 1.3 of National Instrument 43-101, Standards of Disclosure for Mineral Projects. A qualified person has not reviewed the historical estimates and has not done sufficient work to classify the historical estimates as current mineral resources and Starr Peak is not treating the historical estimates as current mineral resources under National Instrument 43-101 and CIM Standards for mineral resources and reserves. Further exploration work needs to be done to correctly evaluate these historical resources. Additionally, the methodology of calculation is unknown by the qualified person.

Grab samples are selective by nature and the values reported may not be representative of the mineralized zone.

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company's property.

On Behalf of the Board of Directors of Starr Peak Mining Ltd.,

"Johnathan More"

Johnathan More
Chairman and Chief Executive Officer

About Starr Peak Mining Ltd.

Starr Peak Mining Ltd. is a Canadian based mineral exploration company focused on the acquisition and exploration of precious and base metal mineral deposits. The primary objective of the Company is to acquire, explore and develop high potential and quality gold and base metal deposits and projects in the Americas. The Company is committed to create long term shareholder value through mineral discoveries.

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 the content of this news release.

No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold in the United States, or to, or for the account or benefit of, a "U.S. person" (as defined in Regulation S of the U.S. Securities Act) unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.

Cautionary Note Regarding Forward-Looking Information:

This press release contains forward-looking information based on current expectations, including the use of funds raised under the Offering. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, Starr Peak assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law.

Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to several factors and risks including various risk factors discussed in the Company's disclosure documents which can be found under the Company's profile on www.sedar.com.

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The TSXV has neither reviewed nor approved the contents of this press release.

Starr Peak Mining Ltd. Logo (CNW Group/Starr Peak Mining Ltd.)

SOURCE Starr Peak Mining Ltd.


Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2022/08/c9656.html

[howestreetbull]

SKYG.v $SRKZF Neighbour in Que out with another batch of monster results...AMX.v $AMXEF

by @newsfile on 8 Feb 2022, 00:00
Amex Significantly Expands High Grade Zone Along Strike and Reports Drill Results of up to 78.62 g/t Au over 5.90 m

Highlights include:

Western (shallow) High Grade Zone
PE-21-366W1 returned 78.62 g/t Au over 5.90 m including 908.50 g/t Au over 0.50 m at a vertical depth of 630 m
PE-21-405 returned 43.74 g/t Au over 6.80 m including 583.34 g/t Au over 0.50 m at a vertical depth of 300 m
PE-21-410W1 returned 21.86 g/t Au over 5.56 m including 107.94 g/t Au over 1.05 m at a vertical depth of 630 m
PE-21-438 returned 123.53 g/t Au over 0.50 m at a vertical depth of 500 m
PE-21-452 returned 5.65 g/t Au over 9.95 m at a vertical depth of 360 m
Eastern (deeper) High Grade Zone
PE-21-404W2 returned 35.89 g/t Au over 6.75 m at a vertical depth of 940 m
PE-21-440W1 returned 16.66 g/t Au over 9.10 m including 160.04 g/t Au over 0.50 m and 96.79 g/t Au over 0.70 m at a vertical depth of 510 m
PE-21-404W1 returned 13.54 g/t Au over 10.50 m at a vertical depth of 980 m
PE-21-380 returned 16.18 g/t Au over 6.80 m including 134.92 g/t Au over 0.70 m at a vertical depth of 460 m
PE-21-412 returned 14.85 g/t Au over 5.00 m at a vertical depth of 330 m
PE-21-436 returned 29.80 g/t Au over 2.05 m at a vertical depth of 600 m
Montreal, Quebec--(Newsfile Corp. - February 8, 2022) - Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) ("Amex or the Company") is pleased to announce a total of 34 drill holes focused on the expansion and definition of gold mineralization on High Grade Zone ("HGZ") of the Perron project ("Perron" or the "Project"). See Figure 1 for a plan view of the geology of the eastern portion of Perron and currently known mineralized zones including the HGZ. A complete list of results is available in Tables 1 & 2 and presented in Figures 2, 3, & 4.

Today's results consist of drill holes focused largely on expansion and definition of both the Eastern (deeper) and Western (shallower) portions of the HGZ. The HGZ now stands at more than 300 m along strike to a depth of 1,200 m. On the Western portion, as shown in Figures 2 & 3, Amex targeted on-strike expansion as well as infilling the lower portions of the zone, which resulted in a significantly increased strike length as indicated by holes PE-21-439 and PE-21-441 as well as an increase of grade as indicated by holes PE-21-405, PE-21-444, PE-21-438, PE-21-366W1, and PE-21-410W1. On the Eastern portion, as shown in Figures 2 & 4, Amex completed definition drilling within the core of the zone as well as on-strike expansion towards the late-stage diabase dike as indicated by holes PE-21-412, PE-21-419, PE-21-426, PE-21-380, PE-21-380W1, PE-21-442, and PE-21-417W2.

Jacques Trottier, PhD, Executive Chairman of Amex Exploration commented, "As one can clearly see from the new longitudinal section, this batch of drill holes significantly expands the strike and the high grade core of the HGZ with a metal factor of more than 50 (g/t Au x core length in metres). As we tighten the drill spacing, we see the Western (shallower) zone developing a much higher grade profile than previously thought. We are also seeing a much larger envelope of gold mineralization surrounding the high-grade central core of the zone than previously thought. On the Eastern (deeper) portion of the zone, we are seeing consistent high-grade mineralization essentially from the top of the Eastern portion (~325 vertical metres) to the bottom of the defined area (~1,200 vertical metres) and are also expanding the horizontal footprint of the zone."

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/2667/113052_fb45087534cf1ad3_002.jpg

Figure 1: Plan view of the geology of the eastern portion of the Perron Project and known mineralized zones, including the HGZ, Denise, E2, Donna, E3, Upper HGZ, 210, and the QF VMS.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2667/113052_fb45087534cf1ad3_002full.jpg

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/2667/113052_fb45087534cf1ad3_003.jpg

Figure 2: Longitudinal Section of the HGZ Zone, with today's released hole locations in green.

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/2667/113052_fb45087534cf1ad3_003full.jpg

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/2667/113052_fb45087534cf1ad3_004.jpg

Figure 3: Western Upper HGZ Longitudinal Section, with today's released hole locations in green.

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/2667/113052_fb45087534cf1ad3_004full.jpg

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/2667/113052_fb45087534cf1ad3_005.jpg

Figure 4: Eastern Lower Portion HGZ Longitudinal Section, with today's released hole locations in green.

To view an enhanced version of Figure 4, please visit:
https://orders.newsfilecorp.com/files/2667/113052_fb45087534cf1ad3_005full.jpg

Zone Hole ID From (m) To (m) Length (m) Au (g/t) Vertical
Depth
(m) Gold
Metal
Factor
(g/t*m)
Western HGZ PE-21-366W1 702.70 708.60 5.90 78.62 630.00 463.85
Including 702.70 703.20 0.50 908.50 454.25
PE-21-405 324.00 330.80 6.80 43.74 300.00 297.40
Including 325.00 325.50 0.50 583.34 291.67
PE-21-410W1 704.35 710.00 5.65 21.86 630.00 123.49
Including 704.35 705.40 1.05 107.94 113.34
PE-21-438 536.80 537.30 0.50 123.53 500.00 61.77
PE-21-452 391.90 401.85 9.95 5.65 360.00 56.21
Including 399.60 401.85 2.25 19.35 43.55
PE-21-444 467.80 482.00 14.20 3.51 455.00 49.88
Including 479.80 482.00 2.20 17.68 38.90
PE-21-450 435.15 441.10 5.95 6.77 395.00 40.27
Including 435.15 435.90 0.75 33.44 25.08
And 440.50 441.10 0.60 21.83 13.10
PE-21-424 392.50 400.80 8.30 2.60 360.00 21.55
PE-21-441 126.50 152.20 25.70 0.58 135.00 14.83
PE-21-439 150.50 152.00 1.50 9.50 135.00 14.26
PE-21-445 477.30 481.00 3.70 3.66 440.00 13.55
Including 478.60 479.10 0.50 15.71 7.86
PE-21-296 65.90 75.00 9.10 0.73 55.00 6.65
PE-21-396 796.90 804.40 7.50 0.77 720.00 5.78
PE-21-291 116.90 120.00 3.10 1.71 100.00 5.30
PE-21-401 233.65 240.00 6.35 0.70 210.00 4.43


Table 1: Results from the Western (shallower) portion of the HGZ. *Note that drill results are presented uncapped and lengths represent core lengths. True width is estimated to be between 50 and 80 percent of core widths.

Zone Hole ID From (m) To (m) Length (m) Au (g/t) Vertical Depth (m) Gold
Metal
Factor
(g/t*m)
Eastern HGZ PE-21-404W2 1043.00 1049.75 6.75 35.89 940.00 242.28
Including 1044.45 1045.00 0.55 90.70 49.88
And 1048.10 1049.25 1.15 163.29 187.78
PE-21-440W1 553.40 562.50 9.10 16.66 510.00 151.59
Including 553.40 553.90 0.50 160.04 80.02
And 561.80 562.50 0.70 96.79 67.75
PE-21-404W1 1075.50 1086.00 10.50 13.54 980.00 142.14
Including 1075.50 1076.50 1.00 52.95 52.95
And 1081.40 1083.50 2.10 40.48 85.01
PE-21-380 522.00 528.80 6.80 16.18 460.00 110.02
Including 522.00 522.70 0.70 134.92 94.44
And 528.00 528.80 0.80 17.75 14.20
PE-21-412 415.00 420.00 5.00 14.85 330.00 74.23
Including 418.75 419.50 0.75 89.62 67.22
PE-21-436 651.00 653.05 2.05 29.80 600.00 61.09
PE-21-417W2 808.65 815.05 6.40 5.77 710.00 36.90
Including 814.55 815.05 0.50 47.97 23.99
PE-21-434 1156.9 1163.1 6.20 4.87 1070.00 30.21
PE-21-434W1 1146 1153.45 7.45 2.83 1060.00 21.10
Including 1147.5 1148 0.50 32.24 16.12
PE-21-442 682.90 697.50 14.60 1.46 630.00 21.29
PE-21-426 475.10 483.00 7.90 2.31 405.00 18.26
Including 482.00 483.00 1.00 14.54 14.54
PE-21-440 528.25 531.05 2.80 5.43 480.00 15.21
Including 695.20 697.50 2.30 4.86 11.18
PE-21-380W1 504.00 506.10 2.10 6.51 435.00 13.68
PE-21-419 415.00 419.95 4.95 2.06 330.00 10.21
PE-21-400W1 433.70 435.50 1.80 4.48 360.00 8.06
Including 434.80 435.50 0.70 11.04 7.73
PE-21-417W1 794.30 803.20 8.90 0.88 700.00 7.81
PE-21-318W2 1190.50 1195.50 5.00 0.85 1100.00 4.24
PE-21-318W1 1194.95 1197.70 2.75 0.96 1100.00 2.64
PE-21-426W1 457.45 458.95 1.50 0.63 380.00 0.95


Table 2: Results from the Eastern (deeper) portion of the HGZ. *Note that drill results are presented uncapped and lengths represent core lengths. True width is estimated to be between 50 and 80 percent of core widths.

Qualified Person

Maxime Bouchard P.Geo. M.Sc.A., (OGQ 1752) and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134), Independent Qualified Persons as defined by Canadian NI 43-101 standards, have reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard and Jérôme Augustin. Samples discussed in the press release were sent to Laboratoire Expert (Rouyn-Noranda) and AGAT Laboratories (Mississauga) for regional drilling exploration. The quality assurance and quality control protocol include insertion of blank or standard every 10 samples on average, in addition to the regular insertion of blank, duplicate, and standard sample. For both laboratories, gold values are estimated by fire assay with finish by atomic absorption and values over 3 ppm Au are reanalyzed by fire assay with finish by gravimetry. Samples containing visible gold mineralization are analyzed by metallic sieve and just performed by Laboratoire Expert. For additional quality assurance and quality control, all samples were crushed to 90% less than 2 mm prior to pulverization, in order to homogenize samples which may contain coarse gold. Core logging and sampling were completed by Laurentia Exploration. Copper and other elements were analyzed using the four-acid ICP-AES method by Laboratoire Expert. The Qualified Persons have not completed sufficient work to verify the historic information on the Property, particularly in regards to historical drill results. However, the Qualified Persons believe that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.

About Amex

Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold projects in the mining-friendly jurisdiction of Quebec. Amex is focused on its 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 117 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and elsewhere in the province.

For further information please contact:

Victor Cantore
President and Chief Executive Officer
Amex Exploration: [phone]

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
This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program on the HGZ and Denise Zone, the expected positive exploration results, the extension of the mineralized zones, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/113052

[howestreetbull]

BARU.v $BARUF Baru Gold Receives Completed Structural Study with 23 New Exploration Targets Identified
by @thenewswire on 7 Feb 2022, 04:30
(TheNewswire)

Baru Gold Corp.


Vancouver, BC – TheNewswire – Feb 7 2022 - Baru Gold Corp (the “Company” or “Baru”) (BARU:TSXV:BARU) (OTC:BARUF) is pleased to announce that the structural study commissioned back in October 2021 has been completed and received with 23 new exploration targets identified.


The Company appointed Murphy Geological Services (“MGS”) to conduct a structural study for the entire Sangihe Island Contract of Work (CoW) area which involved the acquisition, processing, and interpretation of Sentinel-2 and Hi-Res (WorldView, GeoEye and Pleiades) satellite imagery to develop a structural synthesis for the geological occurrence of known gold occurrences, and to establish a benchmark for future exploration.


The study was undertaken at 1:10,000-1:15,000 scale to establish the structural framework and generate targets for gold exploration. A high resolution (Hi-Res) mosaic for the Sangihe CoW was interpreted at up to 1:2,000 scale. The Sentinel-2 images were draped onto an ASTER based Global Digital Elevation Model (GDEM) to help accentuate topographically controlled structure and domal features. This has resulted in MGS identifying twenty-three new exploration targets in the Sangihe CoW.


The identification of the targets is based on criteria that includes the presence of major faults, inflections along major faults, major fault intersections, radial major/second order faults related to the Kakiraeng stratovolcano, location within the newly identified Kakiraeng-Taware Fault Zone (KTFZ) or along its bounding structures, domal/circular features, linear resistant features, eroded volcanic center/caldera rim, artisanal workings, prominent aeromagnetic lineaments, and proximity to known gold mineralization.


Twelve of the target areas are classified as Priority 1, eight have a Priority 2 ranking, and the remaining three target areas are classed as Priority 3. The next step will involve field analysis to verify the geometry and kinematics of the major structures identified from the satellite image interpretation. This will lead to “ground truthing” of the various targets, followed by benchmarking and comparison using standard exploration techniques to determine their individual prospectivity.


Mr. Terry Filbert, CEO of Baru, commented, “These are exciting times for the exploration team as we seek to expand our knowledge of the CoW beyond the known Binebase-Bawone deposits for additional ore resources. I look forward to reporting the results in due course.”

ABOUT SANGIHE GOLD PROJECT

The Sangihe Gold Project (“Sangihe”) is located on the Indonesian island of Sangihe, off the northern coast of Sulawesi. Sangihe has an existing National Instrument 43-101 inferred mineral resource of 114,700 indicated and 105,000 inferred ounces of gold, as reported in the Company's "Independent Technical Report on the Mineral Resource Estimates of the Binebase and Bawone Deposits, Sangihe Project, North Sulawesi, Indonesia" (May 30, 2017). Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. The Company intends to proceed to production without the benefit of first establishing mineral reserves supported by a feasibility study.

The Company's 70-percent interest in the Sangihe-mineral-tenement Contract of Work ("CoW") is held through PT. Tambang Mas Sangihe (“TMS”). The remaining 30-percent interest in TMS is held by three Indonesian corporations. The term of the Sangihe CoW agreement is 30 years upon commencement of the production phase of the project.

Baru has met all the requirements of the Indonesian government and has been granted its environmental permit. The Company has received approval for the upgrade of its licence to advance the Sangihe project to construction and production in early 2022. Construction at Sangihe gold heap leach project is currently underway.


Note: The Company cautions readers that the any production decision made by the Company will not be based on a NI 43-101 feasibility study of mineral reserves that demonstrates economic and technical viability and as such, there may be involved increased uncertainty and various technological and economic risks such as the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project's output will not be salable at a price that will cover the project's operating and maintenance costs.


ABOUT BARU GOLD CORPORATION

Baru Gold Corporation is a dynamic junior near-term producer and developer with NI 43-101 gold resources in Indonesia, one of the top ten gold producing countries in the world. Based in Indonesia and North America, Baru's team of mining and finance professionals boasts extensive experience in starting and operating small-scale gold and coal assets. With sufficient funds and strong retail and institutional shareholder support, Baru is positioned to become Indonesia's next gold producer.

Frank Rocca, BAppSc.(Geology), MAusIMM, MAIG, Chief Geologist of East Asia Minerals Corp. is the Qualified Person as defined under NI 43-101 who has reviewed and approves the content of this release.

BARU GOLD CORP


Per: “Terry Filbert”

Terry Filbert, Director

President & CEO
[e-mail]
[phone]

For investor contacts more information, please contact:


Kevin Shum

Investor Relations

[e-mail]
647-725-3888 ext 702


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.


Certain statements in this News Release, which are not historical in nature, constitute “forward looking statements” within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning future work programs, results and timing of any work programs, the Company’s performance or events as of the date hereof. These statements reflect management’s current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward looking statements. Those risks include the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project’s output will not be salable at a price that will cover the project’s operating and maintenance costs. Forward-looking statements should not be construed as investment advice. Readers should perform a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision. Accordingly, readers should not place undue reliance on any forward-looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward looking statements to reflect events or changes in circumstances that occur after the date hereof.


Copyright (c) 2022 TheNewswire - All rights reserved.

[howestreetbull]

ILI.v $ARXRF Weekly TA,
Appears to be breaking out of the declining wedge ...ACC/DIS finally breaking in our favour , longer term indicators like PMO and KST still on buy signals, macd crossing signal crossing into buy territory well above the zero line https://schrts.co/bNNCGmeI

[howestreetbull]

ILI.v $ARXRF Imagine Lithium Launches New Brand and Appoints Chief Financial Officer
by @newsfile on 1 Feb 2022, 04:00
Vancouver, British Columbia--(Newsfile Corp. - February 1, 2022) - INFINITE ORE CORP. (TSXV: ILI) (OTCQB: ARXRF) ("ILI" or the "Company") announces it will commence operations under the name Imagine Lithium Inc. ("Imagine Lithium"), effective today. The Company's common shares will trade on the TSX Venture Exchange under its existing ticker symbol "ILI".

The brand, Imagine Lithium, reflects the Company's focus on lithium exploration in the safe, environmentally conscious mining jurisdiction of Ontario, Canada. Imagine the economic stimulus and social benefits that lithium exploration and a future lithium mine can bring to the Nipigon region of Ontario. Imagine the environmental benefits that lithium brings to the global community as the world adopts clean electric vehicles powered by lithium-ion batteries. Imagine a global electrification strategy that uses lithium batteries to bring clean, reliable electricity to communities far and wide, fundamentally enhancing quality of life. The future is here. Imagine the possibilities. Imagine Lithium.

The new corporate website can be found at www.imaginelithium.com. Please visit the site to learn more about the Jackpot lithium property, where a 3,000 m drill program will be testing numerous known and newly identified dikes on the property. The program is expected to commence in February 2022.

In addition, the Company is pleased to announce the addition of Arvin Ramos as Chief Financial Officer as Mr. John Masters transitions into retirement. Mr. Ramos holds a degree in commerce and is a member of the Chartered Professional Accountants of Ontario. Mr. Ramos has over 17 years of business experience, having supported a broad range of industries, including mining, technology, and banking.

J.C. St. Amour, President and CEO of Imagine Lithium commented, "I am excited to be launching our new brand today. It's an electrifying time in the company as we refocus on our flagship asset, the Jackpot Lithium property. My team and I have been planning our winter exploration season and we are eager to get started and begin to unlock the lithium potential at Jackpot. I also am excited to be working with Arvin, a seasoned accounting professional, as John winds down his career in preparation for retirement. It has been a pleasure to work with John and I am happy to report that he will continue to assist the company on corporate matters as a consultant."

In connection with Mr. Ramos joining the Company, Imagine Lithium also wishes to announce that it has granted him 300,000 options to pursuant to its stock option plan. The options are exercisable for a period of 2 years from the date of grant at a price of $0.155 per option.

ABOUT IMAGINE LITHIUM INC.

Imagine Lithium Inc. is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company holds the Jackpot lithium property located near Nipigon, Ontario, which contains known pegmatite showings, including two historical resources of 2 million tons grading 1.09% Li2O and 750,000 tons at 1.38% Li2O. In addition, the company holds an interest in a large land package with the potential for VMS and gold mineralization in the Confederation Lake assemblage belt near Red Lake, Ont.

ON BEHALF OF THE BOARD
"J.C. St-Amour"
J.C. St-Amour, President

FOR FURTHER INFORMATION, PLEASE CONTACT:

Telephone: [phone]

Toll Free: [phone]

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:

This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/112260

[howestreetbull]

ILI.v $ARXRF Infinite Ore to Change Name to Imagine Lithium Reflecting Focus on Lithium Exploration
by @newsfile on 26 Jan 2022, 04:00
Vancouver, British Columbia--(Newsfile Corp. - January 26, 2022) - Infinite Ore Corp. (TSXV: ILI) (OTCQB: ARXRF) ("ILI" or the "Company") announces that effective Tuesday, February 1, 2022, the Company's name will be changed to "Imagine Lithium Inc." to better reflect its focused business strategy.

The Company's common shares will trade on the TSX Venture Exchange under its existing ticker symbol "ILI". There will be no changes to the Company's share structure. The company is currently rebranding its website and supporting marketing materials and expects to unveil its new corporate brand identity on February 1, 2022 in tandem with the name change.

About Imagine Lithium Inc.

Imagine Lithium Inc is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company holds the Jackpot lithium property located near Nipigon, Ont., which contains known pegmatite showings including two historical resources of 2 million tons grading 1.09% Li2O and 750,000 tons at 1.38% Li2O. In addition, the company holds an interest in a large land package with the potential for VMS and gold mineralization in the Confederation Lake assemblage belt near Red Lake, Ont.

ON BEHALF OF THE BOARD
"J.C. St-Amour"
J.C. St-Amour, President

FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: [phone]
Toll Free: [phone]

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: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/111717

[howestreetbull]

SKYG.v $SRKZF Recent Struthers Resource Report fyi...SkyGold CSE: $SKYG Recent Price - $0.08 Entry Price - $0.17 Opinion – buy, average down to $0.12 Although $SKYG has a great property position close to New Found Gold, their first round of drilling did not hit any high grade at the Mustang property but did hit 32.85 meters of 0.78 g/t gold. They had some higher grade hits like 7 g/t and 5 g/t but only over 0.5 meters. Results were encouraging for a 1st round drill program. At their Evening Star property in Nevada, they completed one hole and drilling was suspending due to Covid19 issues. Drilling resumed early November and assays are pending for this drilling. Perhaps the best news is they got just over 6 million, 10 cent warrants extended with an expiry date of December 23, 2023, they originally expired December 23, 2021. Most likely the stock is going to be moved up to exercise these warrants, maybe with drill news? Besides these warrants, the stock chart looks really good. A bottom is in and not much resistance to go higher. Copyright 2022, Struther's Resource Stock Report

[mik1234]

What do you think about ATZ.TO GOOS.TO ROOT.TO

[howestreetbull]

RKL.ca Rockland Resources Obtains Surface Access at The Elektra Claystone Lithium Project In Sonora, Mexico
by @accesswire on 6 Jan 2022, 05:08
VANCOUVER, BC / ACCESSWIRE / January 6, 2021 / Rockland Resources Ltd. (the "Company" or "Rockland") ( CSE: RKL ) is pleased to announce it has obtained surface access rights to its recently acquired Elektra ("Elektra Project") claystone lithium project located in northern Sonora, Mexico. The Elektra Project is contiguous to the large advanced Sonora Lithium Project ("Sonora") being constructed by Bacanora Lithium Plc ("Bacanora") and Ganfeng Lithium Co., Ltd. ("Ganfeng") with lithium production anticipated in 2023.

Rockland's CEO, Mike England stated "With work permits in place and now surface access secured we are excited to move ahead on the Elektra Claystone Lithium Project in Mexico. Global demand for battery metals is at an all time high so our focus will be to advance Elektra expeditiously in 2022."

Rockland is assembling a team of industry professionals in both Mexico and Canada and is compiling all available historical data from the project to aid in determining a clear, concise exploration plan that is expected to commence this month.

Highlights of the Elektra Project:

Large property - the Elektra project comprises four exploration concessions totalling 41,818 hectares (418 square kilometers) in the northern portion of the Sonora, Mexico.
Drilling - Only a limited portion of the Agua Fria target has been drill tested to date. On the Agua Fria target, a total of 16 RC drill holes were completed between April and June 2017, comprising 1,762 meters. Drill results from this maiden drill program were encouraging with several intervals of greater than 900 ppm Li over widths of up to 90 meters. The best drill intercepts include hole AF 17-001 returning 1058 ppm Li over 33 meters from a depth of 3 meters; plus 21 meters averaging 1043 ppm Li from a depth of 54 meters, and in hole AF 17-014, from 0 to 24 meters, 1050 ppm Li over 24 meters. The Elektra Property has additional lithium anomaly targets on Tecolote that have not been drilled.
Knowledge and Data - the Elektra Project was initially evaluated in 2015 and the current Mexican owners, and members of the technical team, remain involved. Work conducted from 2015 to 2018 is readily available to the company and was completed to 43-101 standards and represents an opportunity to fast-track exploration activities on various targets on the Elektra Project.
Strategic Position - the Elektra Project concessions are contiguous to the north (Tecolote) and south (Tule) of Bacanora-Ganfeng's Sonora Property, on trend with the mineralized lithium-bearing clay units localised within volcaniclastic sediment successions in the basins. The Agua Fria target is located southwest of the Sonora Property and was the site of the discovery of significant lithium-bearing clay units in surface exposures and in reverse circulation (RC) drilling in 2016-2017.
The Agua Fria prospect, located within the Elektra concession, was interpreted as having similarities to the La Ventana Zone on the Sonora Property and is characterized by fine-grained minerals, a portion which contain lithium, providing significant potential to increase plant feed grades by beneficiation.
Garry Clark, P.Geo , a qualified person under National Instrument 43-101, has reviewed and approved the technical content of this news release as it pertains to the Elektra Lithium Property.

Lithium values and mineralization described on adjacent properties in similar rocks are not representative of the mineralization on the Elektra Project, and historical work and activities on the Elektra Project have not been verified and should not be relied upon.

About Rockland Resources Ltd.

Rockland Resources is engaged in the business of mineral exploration and the acquisition of mineral property assets for the benefit of its shareholders.

On Behalf of the Board of Directors
Richard Sutcliffe
President and Director

For further information, please contact:
Mike England
Email: [e-mail]

Neither the Canadian Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).

SOURCE: Rockland Resources Ltd.



View source version on accesswire.com:
https://www.accesswire.com/681217/Rockland-Resources-Obtains-Surface-Access-at-The-Elektra-Claystone-Lithium-Project-In-Sonora-Mexico

[howestreetbull]

SKYG.v's $SRKZF Newfoundland neighbour out with another dazzler...
New Found Intercepts 98.13 g/t Au Over 3.85m at Golden Joint, Extending the High-grade Zone to 305m Vertical Depth
by @businesswire on 19 Jan 2022, 03:02
New Found Gold Corp. (“New Found” or the “Company”) (TSX-V: NFG, NYSE-A: NFGC) is pleased to announce assay results from one diamond drill hole designed to expand the high-grade gold mineralization at the Golden Joint Zone centered approximately 1km north of the Keats Zone. This hole was drilled as part of the Company’s ongoing 400,000m diamond drill program at its 100%-owned Queensway Project (“Queensway”), located on the Trans-Canada Highway 15km west of Gander, Newfoundland.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220119005384/en/

Figure 1. Photo of mineralization from NFGC-21-401, approximately 450.40m down hole depth^ (Photo: Business Wire)
Figure 1. Photo of mineralization from NFGC-21-401, approximately 450.40m down hole depth^ (Photo: Business Wire)

Golden Joint Drill Result Highlights

Highlight interval is summarized below. Additional results are provided in Table 2.
Hole No.

From (m)

To (m)

Interval (m)1

Au (g/t)

Zone

NFGC-21-401

450.15

454.00

3.85

98.13

Golden Joint

Table 1: Highlight results from Golden Joint

1Note that the host structures are interpreted to be steeply dipping and true widths are generally estimated to be 70% to 90% of reported intervals. Intervals are calculated at a 1 g/t Au cut-off grade; grades have not been capped in the averaging.

The interval of 98.13 g/t Au over 3.85m in NFGC-21-401 extends the high-grade gold zone at Golden Joint to a vertical depth of approximately 305m, extending the zone's vertical depth approximately 20m below the previously reported deepest intercept of 70.65 g/t Au over 5.25m in NFGC-21-386 (Figures 2 and 3).
The Golden Joint Zone remains open in all directions with additional results pending along approximately 250m of strike and to approximately 340m of depth (see Figure 2). Drilling is continuing with the objective of expanding this high-grade zone along strike and to depth.
Melissa Render, VP of Exploration for New Found, stated: "Assay results received to date at Golden Joint indicate a vertically plunging high-grade gold domain within a broad NW striking vein filled fault zone adjacent to the Appleton Fault Zone. Additionally, drilling continues to expand a conjugate, NE striking shallower high-grade system located to the east of Golden Joint (the "Golden Joint HW", Figure 3). Similar to the more advanced discoveries at Keats and Lotto, drilling at Golden Joint continues to demonstrate the presence of high-grade gold in a style of veining and mineralization consistent with an epizonal model of gold emplacement. Good vertical continuity is developing on this target and the tenor of gold speaks to the strength of the mineralizing system. We are excited to continue step out drilling targeting the expansion of this zone of high-grade gold mineralization, as well as to explore for additional mineralized structures proximate to this exciting discovery."

Drillhole Details

Hole No.

From (m)

To (m)

Interval (m)1

Au (g/t)

Zone

NFGC-21-401

425.95

428.00

2.05

2.34

Golden Joint

And

432.60

435.15

2.55

1.05

And

438.95

445.00

6.05

3.05

And

450.15

454.00

3.85

98.13

Table 2: Summary of results reported in this release for Golden Joint

1Note that the host structures are interpreted to be steeply dipping and true widths are generally estimated to be 70% to 90% of reported intervals. Intervals are calculated at a 1 g/t Au cut-off grade; grades have not been capped in the averaging.

Hole No.

Azimuth (°)

Dip (°)

Length (m)

UTM E

UTM N

NFGC-21-401

298.5

-46.5

492

658613

5428319

Table 3: Details of drill holes reported in this release

Discussion

The reported interval of 98.13 g/t Au over 3.85m is a weighted average of screen fire assay results received from ALS for the two half-core samples from this interval, and thus represents a whole-core assay result. The first half-core sample assayed 85.77 g/t Au and the second 111.44 g/t Au (see Table 4). On completion of the test program announced November 4 the Company anticipates returning to a protocol of primarily half-core sampling and reporting half-core assay results.

Hole No.

From (m)

To (m)

Interval
(m)1

Au (g/t)2 1st
Half-Core

Au (g/t)3 2nd
Half-Core

Au (g/t)4
Weighted Avg.

NFGC-21-401

425.95

428.00

2.05

1.03

4.21

2.34

And

432.60

435.15

2.55

0.95

1.14

1.05

And

438.95

445.00

6.05

2.91

3.35

3.05

And

450.15

454.00

3.85

85.77

111.44

98.13

Table 4: Half-Core Composite Comparison

^Note that these photos are not intended to be representative of gold mineralization in hole NFGC-21-401. 1Note that the host structures are interpreted to be steeply dipping and true widths are generally estimated to be 70% to 90% of reported intervals. Intervals are calculated at a 1 g/t Au cut-off grade; grades have not been capped in the averaging. 2Gold values reported are from the first sampled half of the core assayed at ALS. 3Gold values reported are from the second sampled half of the core assayed at ALS. 4Weighted average of both halves of the core comprising the sampled interval. Note that Golden Joint HW intervals from this hole have not yet been received and will be reported once available.

Queensway 400,000m Drill Program Update

Approximately 33% of the planned 400,000m program at Queensway has been drilled to date with approximately 30,515m of the core with pending assay results. Ten core rigs are currently operating and New Found is targeting an increase in the drill count to 14 rigs by the end of Q1 2022.

Sampling, Sub-sampling, Laboratory and Discussion

True widths of the intercepts reported in this press release have yet to be determined but are estimated to be 70% to 90% of reported core lengths. Reported grades have not been capped. Assays are uncut, and calculated intervals are reported over a minimum length of 2.0m using a lower cut-off of 1.0 g/t Au. All HQ split core assays reported were obtained by either complete sample metallic screen/fire assay or standard 30 g fire-assaying with ICP finish at ALS Minerals in Vancouver, British Columbia, or by entire sample screened metallic screen fire assay at Eastern Analytical in Springdale, Newfoundland. The complete sample metallic screen assay method is selected by the geologist when samples contain coarse gold or any samples displaying gold with initial fire assay values greater than 1.0 g/t Au. Drill program design, Quality Assurance/Quality Control and interpretation of results is performed by qualified persons employing a Quality Assurance/Quality Control program consistent with National Instrument 43-101 and industry best practices. Standards and blanks are included with every 20 samples for Quality Assurance/Quality Control purposes by the Company as well as the lab. Approximately 3% of sample pulps are sent to secondary laboratories for check assays.

The test work program announced by the Company’s November 4th release is ongoing. The outcomes of all test work will be reported as soon as the outstanding data becomes available. While the test work program is in progress and for the purpose of reporting a whole core assay result, the Company collected the other half of the sampled core intervals through select mineralized domains. In addition to the one drill hole reported in tables 1, 2 and 4, nine additional mineralized domains were treated similarly, the results of which will be disclosed in the same way once available. For the mineralized domains being reported, samples of both the first half and second half of the core were submitted to ALS for screen fire assay. A weighted gold average for both core- halves was calculated and is reported in Tables 1, 2 and 4. It is not the intention for the Company to always release whole core assay results; certain gold grade composites will be reported on a whole-core basis to build additional confidence in selected mineralized zones. Following a pause late last year the Company anticipates a continuous ramp up in receipt and disclosure of drill results over the coming weeks and will consequently move towards the disclosure of larger batches of assay results in its news releases.

Qualified Person

The technical content disclosed in this press release was reviewed and approved by Greg Matheson, P. Geo., Chief Operating Officer, and a Qualified Person as defined under National Instrument 43-101. Mr. Matheson consents to the publication of this news release dated January 19, 2022, by New Found. Mr. Matheson certifies that this news release fairly and accurately represents the information for which he is responsible.

About New Found Gold Corp.

New Found holds a 100% interest in the Queensway Project, located 15km west of Gander, Newfoundland, and just 18km from Gander International Airport. The project is intersected by the Trans-Canada Highway and has logging roads crosscutting the project, high voltage electric power lines running through the project area, and easy access to a highly skilled workforce. The Company is currently undertaking a 400,000m drill program at Queensway, now approximately 33% complete. The Company is well funded for this program with a current working capital balance of approximately $126 million.

Please see the Company’s website at www.newfoundgold.ca and the Company’s SEDAR profile at www.sedar.com.

Acknowledgements

New Found acknowledges the financial support of the Junior Exploration Assistance Program, Department of Natural Resources, Government of Newfoundland and Labrador.

Contact

To contact the Company, please visit the Company’s website, www.newfoundgold.ca and make your request through our investor inquiry form. Our management has a pledge to be in touch with any investor inquiries within 24 hours.

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 Statement Cautions

This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, relating to assay results, exploration and drilling on the Company’s Queensway gold project in Newfoundland, interpretation of the assay results and the results of the drilling program, the discovery of zones of high-grade gold mineralization, follow-up step-out drilling and funding of the drilling program. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," “suggests,” "potential," "goal," "objective," "prospective," “possibly,” and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made, and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include 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.sedar.com for a more complete discussion of such risk factors and their potential effects.



View source version on businesswire.com: https://www.businesswire.com/news/home/20220119005384/en/

[howestreetbull]

BARU.v $BARUF Baru Gold 2021 Operational Summary and 2022 Outlook
by @thenewswire on 18 Jan 2022, 06:30
(TheNewswire)

Baru Gold Corp.


January 18, 2022 – TheNewswire - Vancouver, BC - Baru Gold Corp. (the “Company” or “Baru”) (TSXV:BARU) | (OTC:BARUF) is pleased to provide stakeholders and shareholders with an operational summary for 2021 and an outlook for 2022.


2021 SUMMARY


Listing on US Exchange

Baru began trading on the OTCQB under the ticker symbol BARUF. The OTCQB is a US marketplace for entrepreneurial and development-stage US and international companies that are committed to providing a high-quality trading and information experience for their investors. The OTCQB is the middle tier of the three over-the-counter trading platforms.


Dead Rent Tax

In January, $356,000 (approximately Indonesian Rupiah 3.8 billion) in tax was paid to the representative office of the Ministry of Energy and Mineral Resources.


Work Program Approval by Indonesia Government

In January, the Company’s work plan and budget Rencana Kerja Angaran Belanja (“RKAB”) for PT Tambang Mas Sangihe (“TMS”) for 2021 was formally approved by the Ministry of Energy and Mineral Resources. The RKAB includes planning and proposed expenditures for construction, mining, production, community programs, environmental rehabilitation, and geological and geotechnical investigations for 2021 and beyond.


COVID-19 Impact

In July, Indonesia reported more than 2.5 million cases in total, with daily coronavirus infections reaching 50,000 cases. Compared with the winter peak of 11,000 new cases per day in January of 2021, the delta and lambda variants significantly impacted the spread of COVID-19 in Indonesia.


Baru Supports Indonesian Government in Lawsuit

Baru joined the Ministry of Energy and Mineral Resources of the Republic of Indonesia (“MEMR”) in responding to a lawsuit filed in Jakarta. Baru was not named in the lawsuit, but the Company pro-actively and vigorously supported the MEMR. In that the lawsuit related to the mining permit granted to Baru’s 70-per-cent-owned subsidiary PT Tambang Mas Sangihe, the Jakarta Administrative Court approved the Company's request for permission to be present during court proceedings. Since August 2021, the Company was present for all court dates pursuant to the proceedings.


Production Licence

The Company applied for and received the upgrade of the Sangihe Gold Project’s Contract of Work (“CoW”) to a full production and export licence. Baru’s subsidiary TMS, the holder of the Sangihe CoW, submitted the application to the Ministry of Energy and Mineral Resources of North Sulawesi, Indonesia. The Company’s detailed works program and business plan (“DWP” and “BP” respectively) were approved by the Ministry of Energy and Mineral Resources at an open meeting attended by TMS and representatives of both Provincial and Central mines departments. To complete the licence upgrade on the Sangihe project, to Operation Production status, the Company needed and received final approval from the Minister of Energy and Mineral Resources. The licence upgrade allowed Baru to begin construction of the gold production facilities and infrastructure for the Sangihe project.


Appointment of New Directors

Baru appointed three new independent directors in 2021. The new board members bring decades of operational experience on heap leach technology and relationships with the financial markets.


In February, Mr. Joseph Keane was appointed to the board. Mr. Keane built metallurgical engineering and consulting firm KD Engineering & Co for an eventual sale to SS Metcon. Mr. Keane was instrumental in starting the first semi-autogenous copper sulphide flotation mill in the Philippines, doubling the production capacity of the largest gold mine in the Southeast Asian country. In addition, he was the project sponsor for China's largest gold heap leach mine (30,000 tonnes per day and 133,000 ounces gold per year) in Inner Mongolia, which was subsequently acquired by China Gold International and expanded to 250,000 ounces gold per year with a resource of over three million ounces.


In April, Mr. John Ellis joined the board. In the late 90’s, Mr. Ellis was the chairman and chief executive officer of Anglo Gold North America, setting up Anglo's gold-mining ventures in the Americas. He was responsible for gold exploration as well as the acquisition/operation of projects in the United States, Canada, and Mexico. He also provided guidance to Inco in Indonesia in the early 2000s for a large nickel laterite mine producing 160 million pounds of nickel annually. He is currently serving as a director of Jaguar Mining Inc., a mid-sized gold producer in the Americas.


In August, Mr. Colin Davies joined the board. A professional geologist by trade, Mr. Davies started his career at Anglo American as a gold mine geologist in South Africa at Vaal Reefs working on brownfield exploration. His travels took him across the world with BP Minerals for diamonds and ultimately to Jakarta, Indonesia, where he would spend nearly 30 years mainly in gold exploration. Early formative roles with Santa Fe Gold and the Pelsart Group led into senior management positions with global mining contractors before culminating with eight years at the J Resources Group, a US$300 million market capitalization mid-cap 150,000-ounce-per-annum gold producer.


Land Acquisition

Throughout 2021, after the production licence was granted, Baru has been actively working to acquire land from local residents to construct its mine. The commitment to sell most of the land targeted for acquisition in phase one by Baru was secured in September 2021. The Company has since focused its efforts confirming titles and preparing legal documents for closings on the purchase of the land. The initial land to be acquired is more than sufficient for the first phase of the operational plan. The processing operations will start with two heap leach pads.


Baru is equally proud of the relationships it has built with the local residents who are fully supportive of the Company's initiatives which include the offering of jobs and business opportunities for the residents of the island. They welcome a fully engineered mining operation that has the full support of the federal government.


Sangihe Gold Project Construction Commences

In October, construction commenced at the Sangihe heap leach operation. Phase one consists of clearing land, building two 100,000-tonne heap leach pads, pit overburden removal, preparation of waste dumps, a crushing facility, and a processing plant area all with access to roads.


Private Placement

In October, Baru announced a private placement of $1.5 million and in November closed the oversubscribed financing raising $1.67 million. The funds will be used to further the exploration program and to provide support for the start-up of production at the Sangihe gold project.


Structural Study Commissioned

Also, in October, the Company appointed Murphy Geological Services (“MGS”) to conduct a structural study for the entire Sangihe Island Contract of Work (CoW) area. The draft study will be completed in January 2022. This effort will involve the acquisition, processing, and interpretation of Sentinel-2 and Hi-Res (WorldView, GeoEye and Pleiades) satellite imagery to develop a structural synthesis for the geological occurrence of known gold occurrences, and to establish a benchmark for future exploration targets.


Drilling Commences at Sangihe

On December 21st, Baru commenced the 25,000-metre exploration program with the arrival of the drill rig on Sangihe Island. To date the Company has prepared 27 drill pad sites which will be the focus of activity over the next two months.


Local Employees Hired

At the end of 2021, the Company had 80 island residents on payroll. This number does not include numerous secondary jobs created by the suppliers that support Baru’s business needs in the community. With the additional hires the Company expects the total number to exceed 150 employees over the next few months as it proceeds with construction, drilling, and other production activities.


OUTLOOK FOR 2022


The Company’s primary goal is to bring the measured and indicated resources to 1,000,000 ounces for the project. Construction activities will continue during the first quarter with production commencing shortly thereafter. The target will be to produce 1,000 ounces per month once 100% operational status has been achieved.


Baru expects 2022 to be exceptionally busy. Exploration drilling will happen in three phases. Phase-1 will be infill drilling between Binebase and Bawone, Phase-2 will be exploration drilling between Bawone and Salurang, and Phase-3 will be infill drilling between Bawone and Salurang.


The Company also plans exploration of the unexplored areas of the entire Sangihe Island Contract of Work (“CoW”) area using data from the structural study that is expected to be completed by end January 2022. The satellite imagery will be used to develop a structural synthesis for the geological occurrence of known gold occurrences, and to establish a benchmark for future exploration targets. This is only one technique that will utilized to further our gold discovery ambitions.



Mr. Terry Filbert, Chairman and CEO of Baru Gold, commented, “Despite ongoing uncertainties surrounding COVID-19 and seasonal delays due to weather and logistic issues in Indonesia, 2021 marked a transformative year of activities for Baru. With the oversubscribed financing we closed in Q4 2021, Baru is well positioned to proceed with drilling and continue its ongoing construction activities at the Sangihe gold project. In 2021 we laid the foundation for significant growth, and we are looking forward to 2022.”


ABOUT SANGIHE GOLD PROJECT

The Sangihe Gold Project (“Sangihe”) is located on the Indonesian island of Sangihe, off the northern coast of Sulawesi. Sangihe has an existing National Instrument 43-101 inferred mineral resource of 114,700 indicated and 105,000 inferred ounces of gold, as reported in the Company's "Independent Technical Report on the Mineral Resource Estimates of the Binebase and Bawone Deposits, Sangihe Project, North Sulawesi, Indonesia" (May 30, 2017). Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. The Company intends to proceed to production without the benefit of first establishing mineral reserves supported by a feasibility study.

The Company's 70-percent interest in the Sangihe-mineral-tenement Contract of Work ("CoW") is held through PT. Tambang Mas Sangihe (“TMS”). The remaining 30-percent interest in TMS is held by three Indonesian corporations. The term of the Sangihe CoW agreement is 30 years upon commencement of the production phase of the project.

Baru has met all the requirements of the Indonesian government and has been granted its environmental permit. The Company has received approval for the upgrade of its licence to advance the Sangihe project to construction and production in early 2022. Construction at Sangihe gold heap leach project is currently underway.


Note: The Company cautions readers that the any production decision made by the Company will not be based on a NI 43-101 feasibility study of mineral reserves that demonstrates economic and technical viability and as such, there may be involved increased uncertainty and various technological and economic risks such as the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project's output will not be salable at a price that will cover the project's operating and maintenance costs.


ABOUT BARU GOLD CORPORATION

Baru Gold Corporation is a dynamic junior near-term producer and developer with NI 43-101 gold resources in Indonesia, one of the top ten gold producing countries in the world. Based in Indonesia and North America, Baru's team of mining and finance professionals boasts extensive experience in starting and operating small-scale gold and coal assets. With sufficient funds and strong retail and institutional shareholder support, Baru is positioned to become Indonesia's next gold producer.

Frank Rocca, BAppSc.(Geology), MAusIMM, MAIG, Chief Geologist of East Asia Minerals Corp. is the Qualified Person as defined under NI 43-101 who has reviewed and approves the content of this release.

BARU GOLD CORPORATION


Per: “Terry Filbert”

Terry Filbert, Director

President & CEO
[e-mail]
[phone]

For investor contacts more information, please contact:

Kevin Shum

Investor Relations

[e-mail]
647-725-3888 ext 702


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.


Certain statements in this News Release, which are not historical in nature, constitute “forward looking statements” within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning future work programs, results and timing of any work programs, the Company’s performance or events as of the date hereof. These statements reflect management’s current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward looking statements. Those risks include the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project’s output will not be salable at a price that will cover the project’s operating and maintenance costs. Forward-looking statements should not be construed as investment advice. Readers should perform a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision. Accordingly, readers should not place undue reliance on any forward-looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward looking statements to reflect events or changes in circumstances that occur after the date hereof.


Copyright (c) 2022 TheNewswire - All rights reserved.

[howestreetbull]

SKYG.v $SRKZF Perron neighbour out with a sweet raise...AMX.v AMEX Announces C$33.7 Million Bought Deal Private Placement ... 7,000,000 flow-through common shares (the “Flow-Through Shares”) of the Company, at a price per Flow-Through Share of $4.82 (the “Issue Price”), for gross proceeds of C$33,740,000 (the "Offering")...by @nasdaq on 17 Jan 2022, 13:00
AMEX Announces C$33.7 Million Bought Deal Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

TORONTO, Jan. 17, 2022 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (“Amex” or the “Company”) (TSXV: AMX) is pleased to announce that it has entered into an agreement with PI Financial Corp. on behalf of a syndicate of underwriters (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a "bought deal" private placement basis, 7,000,000 flow-through common shares (the “Flow-Through Shares”) of the Company, at a price per Flow-Through Share of $4.82 (the “Issue Price”), for gross proceeds of C$33,740,000 (the "Offering").

The Flow-Through Shares will qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec)).

The Company has also granted the underwriters an option to purchase up to an additional 15% Flow-Through Shares to cover over-allotments, exercisable in whole or in part at any time prior to the closing date of the Offering.

The gross proceeds from the sale of the Flow-Through Shares will be used for general exploration expenditures on Amex’s properties located in Quebec.

The Offering is scheduled to close on or about February 15, 2022, or such other date as agreed between the Company and the underwriters, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange.

In connection with the Offering, the underwriters will receive on closing of the Offering a cash commission of 6.0% of the gross proceeds of the Offering, other than for purchasers on a president’s list, for which a cash fee of 3.0% of the aggregate proceeds of the Flow-Through Shares will be paid. The same commission shall be paid to the underwriters in connection with any Flow-Through Shares issued or sold pursuant to the exercise of the underwriters’ option.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Amex
Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold projects in the mining-friendly jurisdiction of Quebec. Amex is focused on its 100% owned Perron gold project located 110 kilometres north of Rouyn-Noranda, Quebec, consisting of 117 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and elsewhere in the province.

For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: [phone]

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:

This news release contains statements which may constitute “forward-looking statements” and “forward looking information” within the meaning of applicable securities laws, including statements regarding the completion of the Offering and the use of proceeds. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “to earn”, “to have’, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to obtain any necessary regulatory approvals, the termination of the agreement governing the Offering, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company’s annual Management’s Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

[howestreetbull]

ILI.v $ARXRF Infinite Ore Announces Drilling Program at Jackpot Lithium Project
by @newsfile on 17 Jan 2022, 04:24
Vancouver, British Columbia--(Newsfile Corp. - January 17, 2022) - Infinite Ore Corp. (TSXV: ILI) (OTCQB:ARXRF) (the "Company" or "Infinite") is pleased to announce a 3,000 m drilling program on its Jackpot Lithium Project. The company has contracted Niigaani Drilling Incorporated who will begin the program in early February.

J.C. St-Amour, President of Infinite Ore commented, "We are pleased to have secured a contract with Niigaani Drilling who have experience drilling lithium pegmatite dykes such as those at Jackpot. The Jackpot property hosts a swarm of stacked granitic pegmatites rich in spodumene, the primary source of lithium. The drill program will expand on drilling conducted in 2018, test the eastern and western extensions of the dykes, as well as other zones of interest with lithium bearing showings in the area." (See Figure 1).

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/2962/110454_5ae58bf7c46e1bf7_002.jpg

Figure 1. Location of the Jackpot Spodumene bearing granitic dykes.

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/2962/110454_5ae58bf7c46e1bf7_002full.jpg

Highlights from past drilling included (see Press Releases dated April 18, 2018 and December 13, 2018):

J-18-04: 7.23m at 2.47% Li2O including 2.00m of 4.48% Li2O
J-18-06: 7.00m at 1.60% Li2O, including 3.00m of 2.30% Li2O
J-18-12: 9.00m at 1.34% Li2O, including 1.00m of 2.36% Li2O and 1.00m of 2.39% Li2O
J-18-13: 5.00m of 3.02% Li2O, including 1.00m of 5.11% Li2O
JS-18-01A: 19.80m at 1.27% Li2O including 7.00m of 1.63% Li2O
JS-18-01B: 14.60m at 1.05% Li2O including 4.00m of 2.09% Li2O
JS-18-02A: 17.20m at 1.24% Li2O including 5.00m of 2.09% Li2O
JS-18-02B: 13.05m at 1.25% Li2O including 2.00m of 2.63% Li2O
J-18-52: 22.45m at 1.27% Li2O including 7.00m of 2.27% Li2O
Infinite completed 53 drill holes (9,496 m) in its long-hole program and eight (8) drill holes (298 m) from its short-hole program in 2018. The long-hole program was aimed at surface, near-surface, and deeper spodumene bearing pegmatites of the Main Zone Dike whereas the short-hole program was focused exclusively on delineating surface and near-surface pegmatites.

About Jackpot

The Jackpot Lithium property, located in the Georgia Lake Area about 140 km NNE of Thunder Bay, Ontario, is approximately 12 km by air from the TransCanada Highway (Hwy 11) and the main railroad which connects to the port town of Nipigon, on Lake Superior. The property reveals two granitic pegmatite dykes providing estimated historical resources of 2 million tons at 1.09% Li2O and 750,000 tons at 1.38% Li2O*. The Company recently acquired additional claims exposing lithium showings located on strike to the main historical resources.

Qualified Person

The technical content of this news release was approved by Michel Boily, PhD, P. Geo, an Independent Qualified Person as defined by the National Instrument 43-101.

* The estimates presented above are treated as historic information and have not been verified or relied upon for economic evaluation by the Company. These historical mineral resources do not refer to any category of sections 1.2 and 1.3 of NI-43-101 such as mineral resources or mineral reserves as stated in the 2010 CIM Definition Standards on Mineral Resources and Mineral Reserves. The explanation lies in the inability by the Company to verify the data acquired by the various historical drilling campaigns. The Company has not done sufficient work yet to classify the historical estimates as current mineral resources or mineral reserves.

About Infinite Ore Corp.

Infinite Ore is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company holds the Jackpot lithium property located near Nipigon, Ont., which contains known pegmatite showings including two historical resources of 2 million tons grading 1.09% Li2O and 750,000 tons at 1.38% Li2O. In addition, the company holds an interest in a large land package with the potential for VMS and gold mineralization in the Confederation Lake assemblage belt near Red Lake, Ont.

ON BEHALF OF THE BOARD
"J.C. St-Amour"
J.C. St-Amour, President

FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: [phone]
Toll Free: 1-888-945-4770

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: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/110454

[howestreetbull]

SKYG.v's $SRKZF Newfoundland neighbour out with another sweet hit...
New Found Intercepts 56.69 g/t Au Over 2.45m at the New Keats Footwall Zone Discovery
by @businesswire on 13 Jan 2022, 03:00
New Found Gold Corp. (“New Found” or the “Company”) (TSX-V: NFG, NYSE-A: NFGC) is pleased to announce assay results from one diamond drill hole designed to expand the newly discovered high-grade gold zone found in the Keats footwall. This hole was drilled as part of the Company’s ongoing 400,000m diamond drill program at its 100%-owned Queensway Project (“Queensway”), located on the Trans-Canada Highway 15km west of Gander, Newfoundland.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220113005349/en/

Figure 1a. Photo of mineralization from NFGC-21-407, approximately 394m down hole depth^ (Photo: Business Wire)
Figure 1a. Photo of mineralization from NFGC-21-407, approximately 394m down hole depth^ (Photo: Business Wire)

Keats Footwall Zone Drill Result Highlights

Highlight intervals are summarized below. Additional results are provided in Table 2.
Hole No.

From (m)

To (m)

Interval (m)*

Au (g/t)****

Zone

NFGC-21-407

393.55

396.00

2.45

56.69

Keats FW

Table 1: Highlight results from Keats Footwall

The interval of 56.69 g/t Au over 2.45m in drill hole NFGC-21-407 was intersected at the new Keats Footwall Discovery (see October 13, 2021 news release). This high-grade gold vein is interpreted to be connected to the mineralization encountered in hole NFGC-21-238 which intercepted 88.53 g/t Au over 3.35m thereby extending the vein 20m south; it remains open in all directions. (Figures 2, 3 and 4).
NFGC-21-407 intersected a second gold-bearing vein in the Keats Footwall Zone. This newly discovered vein assayed 4.89 g/t Au over 2.90m and it also remains open in all directions (Figure 3).
Orientation data collected from the optical televiewer image indicates that the high-grade veins are approximately parallel and dip moderately to the southwest. Follow-up drilling is underway targeting the extensions of these veins and to confirm their geometry.
Melissa Render, VP of Exploration for New Found Gold, stated: “It is not surprising that we are encountering new orientations of high-grade gold veins within this highly prospective domain of rock located between the Keats Main Zone and the Appleton Fault Zone. This area is of high-priority because it is evident that it has been subjected to the same gold-bearing fluids and related deformation responsible for producing the Keats Main Zone. The data we are collecting allows us to model and accurately project these high-grade veins which is used in our drill hole planning and ultimately increases our success rate for intersecting them. It is an exciting target and this discovery along with the gained knowledge is critical for exploration achievement; work going forward will look for these vein orientations and more importantly, their intersections with other high-grade gold vein orientations. We currently have one drill dedicated to exploring along strike of this intercept in the footwall domain with more drills on the way.”

Drillhole Details

Hole No.

From (m)

To (m)

Interval (m)*

Au (g/t)****

Zone

NFGC-21-407

NSV

Keats Main

And

393.55

396.00

2.45

56.69

Keats FW

And

410.00

412.90

2.90

4.89

And

413.85

416.30

2.45

1.94

And

417.30

419.90

2.60

1.10

Table 2: Summary of results reported in this release for Keats

Hole No.

Azimuth (°)

Dip (°)

Length (m)

UTM E

UTM N

NFGC-21-407

296

-57

467

658109

5427123

Table 3: Details of drill holes reported in this release

Discussion

The test work program announced by the Company’s November 4th release is ongoing. The outcomes of all test work will be reported as soon as the outstanding data becomes available.
While the test work program is in progress and for the purpose of reporting a whole core assay result, the Company collected the other half of the sampled core intervals through select mineralized domains. In addition to the one drill hole reported in tables 1, 2 and 4, ten additional mineralized domains were treated similarly, the results of which will be disclosed in the same way once available. For the mineralized domains being reported, samples of both the first half and second half of the core were submitted to ALS for screen fire assay. A weighted gold average for both core- halves was calculated and is reported in Tables 1,2 and 4.
Table 4 compares the composite gold grade of each half of the core when reviewed independently. Note that for the results reported, the highest-grade samples had higher grades reported for the first half of the core. This differs from the results released on January 6, 2022, where the highest-grade samples were reported in the second half of the core. Given the nuggety nature of the gold mineralization at Queensway, significant differences are expected between each half-core assay. As noted, the test program announced by the Company on November 4, 2021 is designed to statistically assess differences in half core results and to assess any potential bias in the results, with results from this test work anticipated in the next several weeks.
It is not the intention for the Company to always release whole core assay results; certain gold grade composites will be reported on a whole-core basis to build additional confidence in selected mineralized zones.
Following a pause late last year the Company anticipates a continuous ramp up in receipt and disclosure of drill results over the coming weeks and will consequently move towards the disclosure of larger batches of assay results in its news releases.
Hole No.

From (m)

To (m)

Interval
(m)*

Au (g/t)**
1st Half-Core

Au (g/t)***
2nd Half-
Core

Au (g/t)****

Weighted
Avg.

NFGC-21-407

393.55

396.00

2.45

91.80

17.95

56.69

And

410.00

412.90

2.90

4.28

5.32

4.89

And

413.85

416.30

2.45

1.51

2.32

1.94

And

417.30

419.90

2.60

1.31

0.91

1.10

Table 4: Half-Core Composite Comparison

Queensway 400,000m Drill Program Update

Approximately 33% of the planned 400,000m program at Queensway has been drilled to date with approximately 29,700m of the core with pending assay results. Ten core rigs are currently operating and New Found is targeting an increase in the drill count to 14 rigs by the end of Q1 2022.

Notes

*Orientations of the mineralized intervals have insufficient information at this time to determine a true width. Intervals are calculated at a 1 g/t Au cut-off grade; grades have not been capped in the averaging.

** Gold values reported are from the first sampled half of the core and was assayed at ALS.

***Gold values reported are from the second sampled half of the core and was assayed at ALS.

****Gold values reported are a weighted average of both halves of the core comprising the sampled interval.

^Note that these photos are not intended to be representative of gold mineralization in hole NFGC-21-407.

Sampling, Sub-sampling and Laboratory

True widths of the intercepts reported in this press release have yet to be determined due to insufficient orientation data at this time. Reported grades have not been capped. Assays are uncut, and calculated intervals are reported over a minimum length of 2.0m using a lower cut-off of 1.0 g/t Au. All HQ split core assays reported were obtained by either complete sample metallic screen/fire assay or standard 30 g fire-assaying with ICP finish at ALS Minerals in Vancouver, British Columbia, or by entire sample screened metallic screen fire assay at Eastern Analytical in Springdale, Newfoundland. The complete sample metallic screen assay method is selected by the geologist when samples contain coarse gold or any samples displaying gold with initial fire assay values greater than 1.0 g/t Au. Drill program design, Quality Assurance/Quality Control and interpretation of results is performed by qualified persons employing a Quality Assurance/Quality Control program consistent with National Instrument 43-101 and industry best practices. Standards and blanks are included with every 20 samples for Quality Assurance/Quality Control purposes by the Company as well as the lab. Approximately 3% of sample pulps are sent to secondary laboratories for check assays. See also the Company's November 4, 2021, news release regarding work to assess the presence and source of variability relating to core samples submitted to Eastern Analytical. The test work program announced in the Company’s November 4th release is ongoing. The Company anticipates receiving results from lab work undertaken for this program in January 2022 and will report findings based on these results from its independent consultants shortly thereafter.

Qualified Person

The technical content disclosed in this press release was reviewed and approved by Greg Matheson, P. Geo., Chief Operating Officer, and a Qualified Person as defined under National Instrument 43-101. Mr. Matheson consents to the publication of this news release dated January 13, 2022, by New Found. Mr. Matheson certifies that this news release fairly and accurately represents the information for which he is responsible.

About New Found Gold Corp.

New Found holds a 100% interest in the Queensway Project, located 15km west of Gander, Newfoundland, and just 18km from Gander International Airport. The project is intersected by the Trans-Canada Highway and has logging roads crosscutting the project, high voltage electric power lines running through the project area, and easy access to a highly skilled workforce. The Company is currently undertaking a 400,000m drill program at Queensway, now approximately 33% complete. The Company is well funded for this program with a current working capital balance of approximately $130 million.

Please see the Company’s website at www.newfoundgold.ca and the Company’s SEDAR profile at www.sedar.com.

Acknowledgements

New Found acknowledges the financial support of the Junior Exploration Assistance Program, Department of Natural Resources, Government of Newfoundland and Labrador.

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 Statement Cautions

This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, relating to assay results, exploration and drilling on the Company’s Queensway gold project in Newfoundland, interpretation of the assay results and the results of the drilling program, the discovery of zones of high-grade gold mineralization, follow-up step-out drilling and funding of the drilling program. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," “suggests,” "potential," "goal," "objective," "prospective," “possibly,” and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made, and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include 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.sedar.com for a more complete discussion of such risk factors and their potential effects.



View source version on businesswire.com: https://www.businesswire.com/news/home/20220113005349/en/

[howestreetbull]

SKYG.v's $SRKZF Virginia claimblock neighbour out with another sweet hit...Labrador Gold Intersects 50.52 g/t Gold Over 2 Metres at Kingsway
by @nasdaq on 12 Jan 2022, 08:00
TORONTO, Jan. 12, 2022 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce further high-grade intercepts of near surface gold mineralization along the Appleton Fault Zone at its 100% controlled Kingsway project near Gander, Newfoundland. These holes were drilled as part of the Company’s ongoing 50,000 metre drill program. The Kingsway project is located in the highly prospective central Newfoundland gold belt.

High grade gold continues to be found at Big Vein including intercepts of 50.52 g/t Au over 2m in hole K-21-76 from the HTC Footwall Zone. A deeper (200m to 201m) intercept of 15.86 g/t Au over 1 m from the same hole appears to be from a new zone. Approximately 135 metres along strike to the southwest, Hole K-21-74 intersected 2.86 g/t Au over 25m including 16.21g/t Au over 1m and 5.7g/t over 7m in a possible new zone in the immediate footwall to the Big Vein Zone. Testing further to the Southwest along Big Vein indicates consistent increased width of mineralization in the Big Vein zone as shown here by Hole K-21-75, that intersected 3.33 g/t Au over 4m within a larger intercept of 12m grading 1.62 g/t Au from 28m.

“Drilling at Big Vein continues to turn up high grade gold mineralization both down plunge and along strike. Two potential new zones are indicated by these results and grade 15.86 g/t Au over 1m in Hole K-21-76 and 16.21 g/t Au over 1m within a larger 29m interval in hole K-21-74 located 135m along strike to the southwest,” said Roger Moss, President and CEO of the Company. “We are very encouraged by the thickening of the Big Vein Zone to the southwest and look forward to results from many more holes drilled in this area. Drilling continues along strike to the southwest and down plunge at Big Vein. Drilling is also ongoing at the Pristine Target from which we are still awaiting the first assays.”

Hole ID From (m) To (m) Width (m) Au (g/t) Zone
K-21-76 24 25 1 1.1 Big Vein
132 143 11 1.44
175 177 2 50.52 HTC Footwall
183 192 9 1.28
199 201 2 8.91
including 200 201 1 15.86 New Zone
K-21-75 13 14 1 3.15 Big Vein
28 40 12 1.62
including 28 32 4 3.33
K-21-74 68 69 1 8.98 Big Vein
202 227 25 2.86 New Zone
including 202 203 1 16.21
and 207 211 4 2.63
and 214 221 7 5.7
K-21-73 76 88 12 1.09 Big Vein
K-21-68 67 68 1 1.72 Big Vein
211 215 4 3.4 HTC
K-21-66 7 9 2 1.16 Big Vein
14 16 2 1.45
18 19 1 1.3
38 48 10 1.65
81 82 1 1.5
210 211 1 4.43 HTC
Table 1. Summary of Assay Results
All intersections are downhole length as there is insufficient Information to calculate true width.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/35ca1eb1-410a-4400-8f1f-6ad6f95584b1

https://www.globenewswire.com/NewsRoom/AttachmentNg/d32a1500-62b5-464c-bfd7-6aa35986e246

Hole ID Easting Northing Elevation Azimuth Inclination Depth (m)
K-21-76 661574.3 5435213.9 40.3 102 64 225.66
K-21-75 661435.5 5435096.1 40.0 145 45 185
K-21-74 661442.4 5435186.6 50.5 130 50 329
K-21-73 661436.2 5435096.7 39.9 165 72 272
K-21-68 661442.0 5435186.7 50.5 130 55 377
K-21-66 661435.5 5435096.1 40.0 165 55 305
Table 2. Drill hole collar details

Big Vein target

The Big Vein target is an auriferous quartz vein exposed at surface that has been traced over 400 metres along the Appleton Fault Zone. It lies within a larger northeast-southwest trending “quartz vein corridor” that stretches for over 7.5 kilometres as currently outlined, with potential for expansion along the 12km strike length of the Appleton Fault Zone in both directions. Gold mineralization observed at Big Vein includes visible gold in quartz veins, assays of samples from which range from 1.87g/t to 1,065g/t gold. The visible gold is typically hosted in annealed and vuggy gray quartz, that is locally stylolitic with vugs often containing euhedral quartz infilling features characteristic of epizonal gold deposits. Drilling has produced high grade intercepts as well as wide areas of gold mineralization associated with significant quartz veining and sulphide mineralization including arsenopyrite, pyrite and possible boulangerite noted along vein margins and as strong disseminations in the surrounding wall rocks.

The ongoing 50,000 metre drill program has now tested Big Vein over approximately 250 metres of strike length and to vertical depths of 200 metres. A total of 26,767 metres of the 50,000 metres have been completed in 116 holes primarily at Big Vein. Drilling at the new “Pristine” target began in November and nine holes totaling 2,229 metres have been drilled to date. Assays have been received for 59% of samples submitted to the laboratory or approximately 15,800 metres of core.

QA/QC

True widths of the reported intersections have yet to be calculated. Assays are uncut. Samples of HQ and NQ split core are securely stored prior to shipping to Eastern Analytical Laboratory in Springdale, Newfoundland for assay. Eastern Analytical is an ISO/IEC17025 accredited laboratory. Samples are routinely analyzed for gold by standard 30g fire assay with ICP (inductively coupled plasma) finish with samples containing visible gold assayed by metallic screen/fire assay. The company submits blanks and certified reference standards at a rate of approximately 5% of the total samples in each batch.

Qualified Person

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

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

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

In early 2020, Labrador Gold acquired the option to earn a 100% interest in the Kingsway project in the Gander area of Newfoundland. The three licenses comprising the Kingsway project cover approximately 12km of the Appleton Fault Zone which is associated with gold occurrences in the region, including those of New Found Gold immediately to the south of Kingsway. Infrastructure in the area is excellent located just 18km from the town of Gander with road access to the project, nearby electricity and abundant local water. LabGold is drilling a projected 50,000 metres targeting high-grade epizonal gold mineralization along the Appleton Fault Zone following encouraging early results. The Company has approximately $30 million in working capital and is well funded to carry out the planned program.

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

The Company has 153,711,033 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.

For more information please contact:

Roger Moss, President and CEO Tel: [phone]

Or visit our website at: www.labradorgold.com

Twitter @LabGoldCorp

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

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



Primary Logo

Figure 1

Big Vein Plan Map
Figure 2

Long section of the HTC Zone

[howestreetbull]

WHN.v +1 Million Ounces of Gold Delineated at Shovelnose
Taylor Combaluzier | Mining Analyst [e-mail] Exploration Update
January 11, 2022 Impact: Positive
Westhaven announced a maiden I&I mineral resource estimate (MRE) for its 100%-owned Shovelnose gold project totalling 1.05M oz Au and 4.92M oz Ag (~1.2M oz AuEq). We view this MRE positively as it beat our mineral inventory estimate for the South Zone of ~916k oz AuEq. We are also impressed that the company achieved its target of delivering a maiden resource by early 2022 – particularly given the weather and fire-related challenges it faced last year in southern B.C.
https://cdn-ceo-ca.s3.amazonaws.com/1gtr6g5-20220110-WHN-Update-1.pdf

[howestreetbull]

SKYG.v $SRKZF neighbour in the Abitibi region of Que. out with some solid news...
by @newswire on 11 Jan 2022, 05:00
STARR PEAK REPORTS VMS INTERCEPTS OF 8.98% ZINC-EQUIVALENT OVER 9.85 METRES AND 1.28% COPPER OVER 7.20 METRES

VANCOUVER, BC, Jan. 11, 2022 /CNW/ - Starr Peak Mining Ltd. ("Starr Peak" or the "Company") (TSXV: STE) (OTCQX: STRPF) is pleased to announce drill results from the 2021 drilling campaign on its NewMétal property ("NewMétal" or "the Property"), located in the Abitibi Greenstone Belt of Québec near the town of Normétal. The ongoing drill program targets the Normetmar Upper and Deep zones, located directly below the Normetmar high grade zinc deposit and approximately one kilometre West of the historic Normétal Mine which produced ~10.1M tonnes of 2.15% Cu, 5.12% Zn, 0.549 g/t Au, and 45.25 g/t Ag (Boivin, 1988). See below Table 1, Table 2 and Figure 1 showing assay results to date and Zinc Equivalent (Zn_Eq) calculations for mineralized intervals.

Highlights

Upper Zone (above 400m vertically)
STE-21-73: 5.90 m of 6.04 % ZnEq
Deep Zone (below 400m vertically)
STE-21-82-W1: 9.85 m of 8.98 % ZnEq, incl. 0.82% Cu;
STE-21-81: 7.20 m of 5.14 % Zn Eq, incl. 1.28% Cu
Johnathan More, Chairman and CEO of Starr Peak commented, "The Deep Zone drilling continues to deliver significant copper mineralization zonation. Ongoing drilling of the Deep Zone and related targets is adding to our understanding of this large VMS mineralized system which remains open for extensions in several directions. We are also very excited about the planned drill testing of gold targets this winter, which has been our intention for a long time."

Table 1 – Deep Zone

Zone

Hole No.

From
(m)

To
(m)

Length
(m)

Zn
(%)

Cu
(%)

Ag
(g/t)

Au
(g/t)

Zn_Eq
(%)*

Deep

STE-21-82-W1

822.05

831.90

9.85

4.76

0.82

41.99

0.24

8.98


Incl.

822.05

827.25

5.20

2.69

1.47

64.19

0.40

9.81


STE-21-81

666.40

673.60

7.20

0.56

1.28

14.88

0.18

5.14


Incl.

942.55

945.15

2.60

5.93

0.11

15.71

0.09

6.93


STE-21-68

743.15

749.30

6.15

3.62

0.36

14.94

0.11

5.39


Incl.

746.80

749.30

2.50

7.67

0.27

10.54

0.09

8.98


STE-21-68-W1

728.80

734.50

5.70

3.36

0.33

7.96

0.06

4.68


Incl.

733.15

734.50

1.35

10.53

1.23

27.94

0.17

15.35


STE-21-68-W2

709.95

713.45

3.50

3.21

1.98

28.48

0.36

10.65


Incl.

711.40

713.45

2.05

4.73

2.99

42.69

0.54

15.94


STE-21-70

526.20

528.40

2.20

0.59

0.01

4.58

0.01

0.79


STE-21-74

825.40

827.50

2.10

4.41

0.90

29.31

0.35

8.68


STE-21-77-W1

724.70

729.40

4.70

0.36

0.01

7.18

0.02

0.64

Intervals are reported as drill core lengths measured downhole. True width of mineralization is currently unknown.
*Note: Zn_Eq% formula is defined below

Table 2 – Upper Zone

Zone

Hole No.

From
(m)

To
(m)

Length
(m)

Zn
(%)

Cu
(%)

Ag
(g/t)

Au
(g/t)

Zn_Eq
(%)*

Upper

STE-21-73

426.90

432.80

5.90

4.93

0.09

20.92

0.10

6.04


Incl.

426.90

428.70

1.80

6.84

0.07

33.10

0.14

8.36


Incl.

431.30

432.80

1.50

8.60

0.08

9.95

0.13

9.41


STE-21-62

416.80

423.15

6.35

0.28

0.01

1.22

0.02

0.38


STE-21-63

395.00

398.00

3.00

0.23

0.00

0.71

0.01

0.28


STE-21-65

343.30

347.15

3.85

1.88

0.26

5.13

0.04

2.90


STE-21-65

353.55

358.60

5.05

2.04

0.05

7.23

0.03

2.45


STE-21-67

430.20

430.50

0.30

0.06

0.24

14.60

0.04

1.27

Intervals are reported as drill core lengths measured downhole. True width of mineralization is currently unknown.
*Note: Zn_Eq% formula is defined below

Drilling will resume on the project this week following the holiday break, targeting the Deep Zone below 600m vertical depth. A second drill will continue targeting the 4 km long prolific Normetmar-Normétal lithological contact within the property, taking into account the many new massive sulphide intercepts in 2021.

Additionally, gold targets located in the northern half of the Newmétal property will be drill tested in early 2022, with cold weather facilitating access to certain areas.

Figure 1: Longitudinal Section of Normetmar Satellite Deposit trend at depth. Drilling targets represented by a red star. Historical Drill Intercepts area provided in Zinc-Equivalent calculated using the formula in references. Abbreviation: Sp – Sphalerite, Cp – Chalcopyrite, Gn – Galena, MS – Massive sulfides, SMS – Semi-massive sulfides (under 75%), Tr – Traces, EOH – End of Hole.

Figure 1: Longitudinal Section of Normetmar Satellite Deposit trend at depth. Drilling targets represented by a red star. Historical Drill Intercepts area provided in Zinc-Equivalent calculated using the formula in references. Abbreviation: Sp – Sphalerite, Cp – Chalcopyrite, Gn – Galena, MS – Massive sulfides, SMS – Semi-massive sulfides (under 75%), Tr – Traces, EOH – End of Hole. (CNW Group/Starr Peak Mining Ltd.)

Qualified Person
Alexis Paulin Bissonnette, Ing. (OIQ 5037621), an independent Qualified Person as defined by Canadian NI 43-101 standards, has reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Alexis Paulin Bissonnette. Core logging and sampling were completed by Laurentia Exploration. The quality assurance and quality control protocol include insertion of one blank, one standard and one duplicate every 25 samples, in addition to the regular insertion of blank, duplicate, and standard samples accredited by ALS Canada Ltd. during the analytical process. Additionally, sample weight is taken prior shipment to validate sample identity. Gold values are estimated by fire assay with finish by atomic absorption. Zinc, Copper and Silver values are estimated by four acid digestion multi elements Inductively Coupled Plasma – Atomic Emission Spectroscopy (ICP-AES), ME-ICP61. Zinc values over 1%, copper values over 1% and silver values over 100 g/t are estimated by four acid digestion ICP-AES, OG62. Zinc values over 30% are estimated by potentiometric titration, ZN-VOL50. The Qualified Person has not completed sufficient work to verify the historic information on the Property, particularly in regards to historical drill results. However, the Qualified Person believes that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.

References and disclosures

Normétal historical Mine and Normetmar:
Summary Report, Normetmar Project, January 1988 by L. Boivin

*Metal Factor zinc equivalent formula: Zn_eq (%)* Core length
Zn_eq (%) = Zn(%) + [Cu(%) * Cu price (lb) / Zn price (lb)] + [Ag(%) * Ag price (oz) * 14,632 / Zn price (lb) ] + [Au(%) * Au price (oz) * 14.632 / Zn price (lb)]
Zn_eq % based on US$: 1.2$/lb Zn, $3.5/lb Cu, $25/oz Ag, $1800/oz Au.

The historical information on the Longitudinal has not been validated otherwise than with the information inside historical reports and cross sections. Exact location of historical drill hole pierce points on the longitudinal may be different.

The Company wishes to caution that historical resources described above are historical. The historic resources are relevant to give a ballpark estimate of the potential on the property. Historical resources should not be relied upon. The key assumptions, parameters and methods used to prepare the historical estimate is not known and thus the difference between the historic estimates and NI 43-101 compliant estimates is also not known. The historical estimates used categories other than the ones set up in sections 1.2 and 1.3 of National Instrument 43-101, Standards of Disclosure for Mineral Projects. A qualified person has not reviewed the historical estimates and has not done sufficient work to classify the historical estimates as current mineral resources and Starr Peak is not treating the historical estimates as current mineral resources under National Instrument 43-101 and CIM Standards for mineral resources and reserves. Further exploration work needs to be done to correctly evaluate these historical resources. Additionally, the methodology of calculation is unknown by the qualified person.

Grab samples are selective by nature and the values reported may not be representative of the mineralized zone.

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company's property.

On Behalf of the Board of Directors of Starr Peak Mining Ltd.,

"Johnathan More"

Johnathan More
Chairman and Chief Executive Officer

About Starr Peak Mining Ltd.

Starr Peak Mining Ltd. is a Canadian based mineral exploration company focused on the acquisition and exploration of precious and base metal mineral deposits. The primary objective of the Company is to acquire, explore and develop high potential and quality gold and base metal deposits and projects in the Americas. The Company is committed to create long term shareholder value through mineral discoveries.

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 the content of this news release.

No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold in the United States, or to, or for the account or benefit of, a "U.S. person" (as defined in Regulation S of the U.S. Securities Act) unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.

Cautionary Note Regarding Forward-Looking Information:

This press release contains forward-looking information based on current expectations, including the use of funds raised under the Offering. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, Starr Peak assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law.

Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to several factors and risks including various risk factors discussed in the Company's disclosure documents which can be found under the Company's profile on www.sedar.com.

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The TSXV has neither reviewed nor approved the contents of this press release.

Starr Peak Mining Ltd. Logo (CNW Group/Starr Peak Mining Ltd.)

SOURCE Starr Peak Mining Ltd.


Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2022/11/c9897.html

[howestreetbull]

WHN.v Stockwatch Gold Summary for Jan. 10, 2022
2022-01-10 19:00 ET - Market Summary
by Stockwatch Business Reporter
Speaking of resource estimates, Gareth Thomas's Westhaven Gold Corp. ( $WHN ) jumped 6.5 cents to 48.5 cents on 156,000 shares on the heels of a maiden resource estimate for the South zone at the Shovelnose project, near Merritt in British Columbia. The calculation lists 10.59 million tonnes indicated at 2.32 grams of gold and 11.43 grams of silver per tonne, plus 9.18 million tonnes inferred at 0.99 gram of gold and 3.47 grams of silver per tonne -- a total of 1.05 million ounces of gold and 4.9 million ounces of silver.

Mr. Thomas, president and CEO, was "pleased to report a starting inventory of over a million ounces of gold from the first of multiple mineralized zones" at Shovelnose. An expansion and exploration drill program will begin shortly, he says, work that will focus on the FMN zone where high-grade mineralization was intersected last year. That hit, completed last spring, saw a 15.97-metre interval return an average of 9.15 grams of gold and 27.43 grams of silver per tonne.

As well, enthuses Mr. Thomas, targeting new discoveries on undrilled exploration targets within the large, underexplored property will also remain a "key focus" going forward at Shovelnose -- a claim that would seemingly relegate the company's unqualified focus on FMN to one of lesser importance. (In the dialect of promoterese spoken along Howe Street, the frequency of puffy adjectives is often indirectly proportional to the merits of the prospect.)

[howestreetbull]

WMG.v Westhaven Gold Completes Initial Mineral Resource Estimate of 841,000 Indicated Ounces at 2.47 g/t Gold Equivalent and 277,000 Inferred Ounces at 0.94 g/t Gold Equivalent on the Shovelnose Gold Property
by @nasdaq on 10 Jan 2022, 04:30
VANCOUVER, British Columbia, Jan. 10, 2022 (GLOBE NEWSWIRE) -- Westhaven Gold Corp. (TSX-V:WHN) is pleased to announce the results from its Mineral Resource Estimate (MRE) at its 100% owned 17,623-hectare Shovelnose Gold Property. The Shovelnose Gold Property is located within the prospective Spences Bridge Gold Belt (SBGB), which borders the Coquihalla Highway 30 km south of the City of Merritt, British Columbia (Canada).

The initial open-pit constrained MRE reported below (Table 1) is of the South Zone, and was completed by P&E Mining Consultants Inc., based on a total of 145 surface drill holes (56,491 m), 25,920 drill core analyses, 3,302 bulk density measurements, and preliminary metallurgical testwork.

Shovelnose South Zone MRE Highlights:

791,000 ounces of gold and 3,894,000 ounces of silver Indicated.

263,000 ounces of gold and 1,023,000 ounces of silver Inferred.

75% of the MRE in the higher confidence Indicated classification: 10.60 million tonnes at 2.47 g/t for 841,000 gold equivalent (AuEq) ounces.

Average AuEq grade of Indicated MRE is 7 times higher than the cut-off grade, demonstrating excellent potential for future economic extraction (Table 2).

Indicated mineralization is largely associated with the individual vein zones, whereas the Inferred is associated with the broader Veinlet Domain (please see Figure 1).

This MRE is based on potential open-pit extraction – an MRE based on potential underground mining is in preparation and will be reported in the coming months.

South Zone is just one of the many known mineralized zones on the Shovelnose Gold Property.

Shovelnose is situated off a major highway, near grid power, rail, large producing mines, and within easy commuting distance from the City of Merritt.
Westhaven CEO and President, Gareth Thomas, notes “This is the first Mineral Resource Estimate on the Shovelnose Gold Property, and we are pleased to report a starting inventory of over a million ounces of gold from the first of multiple mineralized zones. It is important to highlight that 75% of this Mineral Resource is in the Indicated classification and grades 2.47 g/t AuEq. Our technical team sees significant Mineral Resource expansion potential along this key trend (see Figure 3 & 4). The 2022 expansion and exploration drill program will begin shortly, focusing on the FMN Zone, where high-grade gold mineralization (15.97 metres of 9.15 g/t Au) was intersected in drilling last year. Targeting new discoveries on undrilled exploration targets within this large, underexplored property will also remain a key focus going forward.”

Investor and Analyst Webinar:

Westhaven Gold welcomes investors and analysts to join President & CEO Gareth Thomas for a webinar Monday, January 10, 2022, at 2pm ET (11 am PT), to discuss the results of the 2022 Maiden Resource Estimate. Please register at: https://bit.ly/westhaven-resource-estimate-webinar

Table 1
Shovelnose South Zone Pit Constrained Mineral Resource Estimate @ 0.35 g/t AuEq Cut-off (1-15)
Classification Tonnes
(k) Au
(g/t) Contained Au
(koz)
Ag
(g/t) Contained Ag
(koz) AuEq
(g/t) Contained AuEq
(koz)
Indicated 10,592 2.32 791 11.43 3,894 2.47 841
Inferred 9,177 0.89 263 3.47 1,023 0.94 277
1. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
2. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.
3. The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could potentially be upgraded to an Indicated Mineral Resource with continued exploration.
4. The Mineral Resources were estimated in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions (2014) and Best Practices Guidelines (2019) prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council.
5. Wireframe constrained assays were composited to 1.0m lengths and subsequently capped between no cap to 95 g/t for Au and no cap to 290 g/t for Ag.
6. Grade estimation was undertaken with ID3interpolation.
7. Wireframe constrained bulk density was determined from 1,179 samples. Mineralization bulk density for veins is 2.54 t/m3, for the Veinlet Domain 2.52 t/m3, and for overburden 2.0 t/m3.
8. Au and Ag process recovery value was 95%.
9. US$ metal prices used were $1,675/oz for Au and $21.50/oz for Ag with a USD:CD FX of 0.77.
10. CDN$ operating costs used were $3/t mineralized material mining, $2.50/t waste mining, $2.00/t overburden mining, $18/t processing and $5/t G&A.
11. Pit slopes were 50º in rock and 30º in overburden.
12. AuEq g/t (gold equivalent in grams per tonne) = Au g/t + (Ag g/t/77.9).
13. Tonnage is in 000’s tonnes (k); Contained Au and Ag in 000’s troy ounces (koz).
14. Numbers may not add due to rounding.
15. The Effective Date for the MRE is January 01, 2022.



Table 2
Sensitivities of South Zone Pit Constrained Mineral Resource Estimate

Classification
Cut-Off Tonnes Au Au Ag Ag AuEq AuEq
AuEq g/t k g/t koz g/t koz g/t koz
Indicated
1.0 5,430 3.99 697 19.43 3,392 4.24 740
0.9 5,821 3.78 708 18.44 3,450 4.02 752
0.8 6,363 3.53 722 17.23 3,524 3.75 767
0.7 6,933 3.30 734 16.14 3,597 3.50 781
0.6 7,777 3.00 751 14.73 3,684 3.19 798
0.5 8,773 2.72 768 13.36 3,768 2.89 815
0.4 10,015 2.44 784 11.98 3,856 2.59 833
0.35 10,592 2.32 791 11.43 3,894 2.47 841
0.3 11,473 2.17 799 10.70 3,946 2.30 849
0.2 12,945 1.95 810 9.66 4,020 2.07 861
Inferred
1.0 2,137 2.05 141 7.07 485 2.14 147
0.9 2,446 1.91 150 6.61 519 1.99 156
0.8 2,964 1.72 164 6.00 571 1.79 170
0.7 3,731 1.51 181 5.29 634 1.58 189
0.6 4,810 1.31 203 4.69 725 1.37 211
0.5 6,178 1.13 225 4.19 831 1.19 235
0.4 8,239 0.95 253 3.66 968 1.00 265
0.35 9,177 0.89 263 3.47 1,023 0.94 277
0.3 11,207 0.79 283 3.13 1,126 0.83 297
0.2 17,108 0.59 325 2.50 1,377 0.62 343
A total of thirteen mineralization veins and an encompassing low-grade halo (‘Veinlet Domain’) were interpreted and constructed, as shown in both plan view (Figure 1) and as a representative cross section (Figure 2) below. Models were developed for each vein using the drill core field logs and assays, and represent continuous gold and silver mineralization constrained with a cut-off value of 0.35 g/t AuEq (gold equivalent = Au g/t + Ag g/t/77.9) to a minimum thickness of 2 m drill core length. The 3-D constraining domain wireframes were treated separately for the purposes of rock coding, statistical analysis, compositing limits, and definition of the extent of potentially economic mineralization. All mineralization veins were clipped by the overburden surface.

The Mineral Resource was classified as either Indicated or Inferred based on the geological interpretation, variogram performance and drill hole spacing. Indicated Mineral Resources were classified within the veins using at least two holes within a spacing of 45 m or less. Inferred Mineral Resources were classified for vein blocks at a lower density of drilling, and for the entire Veinlet Domain. Mineralization of the South Zone is considered to be potentially amenable to open pit mining methods, and the Mineral Resource Estimate reported herein is constrained within a pit shell based on a gold equivalent cut-off of 0.35 g/t. Additional mineralization exists outside of that pit shell. Mineralization at the South Zone may also be potentially economic for underground mining, however, that work has not yet been undertaken. The reader is cautioned that Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

Drilling, assaying and exploration work on the South Zone demonstrate spatial continuity of the mineralization within potentially mineable shapes, and are sufficient to indicate a reasonable potential for economic extraction, thus qualifying it as a Mineral Resource in accordance with the Canadian Securities Administrators’ National Instrument 43-101 and was estimated in conformity with the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) “Estimation of Mineral Resource and Mineral Reserves Best Practice Guidelines” (November 2019) and the definitions set out in the 2014 CIM Definition Standards.

A Technical Report to support the initial Mineral Resource Estimate for the Shovelnose Gold Property – South Zone, prepared in accordance with National Instrument 43-101, will be filed on SEDAR (www.sedar.com) within 45 days of this news release.

On behalf of the Board of Directors
WESTHAVEN GOLD CORP.

"Gareth Thomas

Gareth Thomas, President, CEO & Director

Qualified Person Statement

The Mineral Resource Estimate for the Shovelnose Gold Property – South Zone was prepared by Yungang Wu, P.Geo., Antoine Yassa, P.Geo. and Eugene Puritch, P.Eng., FEC, CET of P&E Mining Consultants Inc., Brampton, Ontario, all Independent Qualified Persons as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Puritch has reviewed and approved the technical contents of this news release.

QA/QC

Drill core samples were prepared using the PREP-31 package in ALS’s Kamloops facility. Each drill core sample is crushed to better than 70% passing a 2 mm (Tyler 9 mesh, US Std. No.10) screen. A split of 250 g is taken and pulverized to better than 85% passing a 75-micron (Tyler 200 mesh, US Std. No. 200) screen. Subsequently 0.75 g of this pulverized split is digested by Four Acid and analyzed via ICP-MS (method code ME-MS61m (+Hg)), which reports a 49-element suite of elements. All samples are analyzed by Fire Assay with an AES finish, method code Au-ICP21 (30 g sample size). Additional Au screening is performed using ALS’s Au-SCR24 method, whereby select samples are dry screened to 100 microns. A duplicate 50 g fire assay is conducted on the undersized fraction as well as an assay on the entire oversize fraction. Total Au content, individual assays and weight fractions are reported. All analytical and assay procedures are conducted in ALS’s North Vancouver facility. Westhaven’s QA/QC program includes the collection and submission of regular field core duplicates (quartered core), as well as laboratory and field certified reference materials inserted every 25 samples. At least one field blank is inserted in every batch of 25 samples, with additional blanks inserted following samples with visible gold. Selected drill core pulps and reject material were submitted to a third-party laboratory for check assays.

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.

About Westhaven Gold Corp.

Westhaven is a gold-focused exploration company advancing the high-grade discovery on the Shovelnose Project in Canada’s newest gold district, the Spences Bridge Gold Belt. Westhaven controls 37,000 hectares (370 square kilometres) with four 100% owned gold properties spread along this underexplored belt. The Shovelnose Gold Property is situated off a major highway, near power, rail, large producing mines, and within easy commuting distance from the City of Merritt, which translates into low-cost exploration.

Westhaven trades on the TSX Venture Exchange under the ticker symbol WHN. For further information, please call 604-681-5558 or visit Westhaven’s website at www.westhavengold.com.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/57dfcac5-56d7-490b-9b99-9b685b163d42

https://www.globenewswire.com/NewsRoom/AttachmentNg/982aee21-73e3-4770-abd7-be833826afa6

https://www.globenewswire.com/NewsRoom/AttachmentNg/11a873a1-9fc2-4adc-96bb-96d0b20f257d

https://www.globenewswire.com/NewsRoom/AttachmentNg/83271f72-baf9-44f3-a578-6a8ece64d8ac



Primary Logo

Image 1

Image 1
Image 2

Image 2
Image 3

Image 3
Image 4

Image 4

[howestreetbull]

SKYG.v $SRKZF neighbour in Newfoundland finally bringing some new gleaming numbers forth ...
New Found Intercepts 70.65 g/t Au Over 5.25m at Golden Joint Main Vein, Extending Zone to 285m Vertical Depth
by @businesswire on 6 Jan 2022, 03:02
New Found Gold Corp. (“New Found” or the “Company”) (TSX-V: NFG, NYSE-A: NFGC) is pleased to announce assay results from three diamond drill holes designed to expand the high-grade gold mineralization at the Golden Joint Zone centered approximately 1km north of the Keats Zone (see Figure 1). These holes were drilled as part of the Company’s ongoing 400,000m diamond drill program at its 100%-owned Queensway Project (“Queensway”), located on the Trans-Canada Highway 15km west of Gander, Newfoundland.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220106005367/en/

Table 1. Highlight results from Golden Joint (Graphic: Business Wire)
Table 1. Highlight results from Golden Joint (Graphic: Business Wire)

Golden Joint Drill Result Highlights

Highlight intervals are summarized below. Additional results are provided in Table 2.
Hole No.


From (m)


To (m)


Interval (m)*


Au (g/t)****


Zone

NFGC-21-274


164.65


166.75


2.10


33.10


Golden Joint HW

NFGC-21-386


424.75


429.10


5.25


70.65


Golden Joint

Table 1: Highlight results from Golden Joint

At the Golden Joint Main Vein, the interval of 70.65 g/t Au over 5.25m in hole NFGC-21-386 extends the drill-defined depth of high-grade gold by approximately 50m vertically from 235m to 285m deep. This vein is developed in the hanging wall to the Appleton Fault Zone and has been drill-defined over a strike length of approximately 250m that remains open in all directions (see Figure 2).
At the Golden Joint Hanging Wall (‘HW’) Zone, the interval of 33.10 g/t Au over 2.10 m in NFGC-21-274 is the deepest reported intercept to date and extends the zone to a vertical depth of 112m. The Golden Joint HW Zone consists of a network of high-grade gold veins located east of the Golden Joint Main Vein that are now drill-tested over a strike length of approximately 210m and remain open in all directions (Figure 3).
Greg Matheson, COO of New Found, stated: “Today’s announcement continues to demonstrate the high-grade nature of both the Golden Joint Main Vein and the Golden Joint HW, discovered by New Found in 2021. Centrally located between the Company’s Keats and Lotto zones, the Golden Joint veins continue to expand as we step out along strike and to depth and they remain wide open in all directions. Similar to the new footwall discovery of 88.5 g/t Au over 3.35m in Hole NFGC-21-238 at Keats (see October 13, 2021, news release), we are very encouraged to be encountering high-grade gold in multiple veins with differing orientations in the Golden Joint – Lotto corridor and believe these results speak to the strength and extent of the gold mineralizing system along the Appleton Fault Zone. Good continuity is developing on these targets and our geological modelling is allowing us to accurately predict the location of these high-grade veins and to extend them.”

Drillhole Details

Hole No.


From (m)


To (m)


Interval (m)*


Au (g/t)****


Zone

NFGC-21-244


245.30


247.30


2.00


1.21


Golden Joint

And


250.60


253.30


2.70


2.03


Golden Joint

And


264.00


266.15


2.15


1.60


Golden Joint

NFGC-21-274


164.65


166.75


2.10


33.10


Golden Joint HW

NFGC-21-386


424.75


430.00


5.25


70.65


Golden Joint

Table 2: Summary of results reported in this release for Golden Joint

Hole No.


Azimuth (°)


Dip (°)


Length (m)


UTM E


UTM N

NFGC-21-244


299


-45.5


333


658572


5428399

NFGC-21-274


294


-49


552


658616


5428373

NFGC-21-386


298.5


-46.5


582


658634


5428306

Table 3: Details of drill holes reported in this release

Discussion

The test work program announced by the Company’s November 4th release is ongoing. The outcomes of all test work will be reported as soon as the outstanding data becomes available.
While the test work program is in progress and for the purpose of reporting a whole core assay result, the Company collected the other half of the sampled core intervals through select mineralized domains. In addition to the three drillholes reported in tables 1, 2 and 4, eleven additional mineralized domains were treated similarly, the results of which will be disclosed in the same way once available. For the mineralized domains being reported, samples of the first half of the core were submitted to EA for screen fire assay. Following the QC disclosure on November 4, 2021, the Company submitted the second half of the core to ALS for screen fire assay. A weighted gold average for both core- halves was calculated and is reported in tables 1,2 and 4.
Table 4 compares the composite gold grade of each half of the core when reviewed independently. Note that for the results reported, the highest grade samples had higher grades reported for the second half of the core.
It is not the intention for the Company to always release whole core assay results; certain gold grade composites will be reported on a whole-core basis to build additional confidence in selected mineralized zones.
Hole No.


From (m)


To (m)


Interval
(m)*


Au (g/t)**
1st Half-Core


Au (g/t)***
2nd Half-Core


Au (g/t)****
Weighted Avg.

NFGC-21-244


245.30


247.30


2.00


1.48


0.92


1.21

And


250.60


253.30


2.70


2.02


2.04


2.03

And


264.00


266.15


2.15


1.30


1.88


1.60

NFGC-21-274


164.65


166.75


2.10


26.62


39.98


33.10

NFGC-21-386


424.75


430.00


5.25


56.73


83.16


70.65

Table 4: Half-Core Composite Comparison

Queensway 400,000m Drill Program Update

Approximately 32% of the planned 400,000m program at Queensway has been drilled to date with approximately 29,500m of the core with pending assay results. Ten core rigs are currently operating and New Found is targeting an increase in the drill count to 14 rigs by the end of Q1 2022.

Notes

*Note that the host structures are interpreted to be steeply dipping and true widths are generally estimated to be 70% to 90% of reported intervals. Intervals are calculated at a 1 g/t Au cut-off grade; grades have not been capped in the averaging.

** Gold values reported are from the first sampled half of the core and was assayed at EA.

***Gold values reported are from the second sampled half of the core and was assayed at ALS.

****Gold values reported are a weighted average of both halves of the core comprising the sampled interval.

^Note that these photos are not intended to be representative of gold mineralization in hole NFGC-21-386.

Sampling, Sub-sampling and Laboratory

True widths of the intercepts reported in this press release have yet to be determined but are estimated to be 70% to 90% of reported core lengths. Reported grades have not been capped. Assays are uncut, and calculated intervals are reported over a minimum length of 2.0m using a lower cut-off of 1.0 g/t Au. All HQ split core assays reported were obtained by either complete sample metallic screen/fire assay or standard 30 g fire-assaying with ICP finish at ALS Minerals in Vancouver, British Columbia, or by entire sample screened metallic screen fire assay at Eastern Analytical in Springdale, Newfoundland. The complete sample metallic screen assay method is selected by the geologist when samples contain coarse gold or any samples displaying gold with initial fire assay values greater than 1.0 g/t Au. Drill program design, Quality Assurance/Quality Control and interpretation of results is performed by qualified persons employing a Quality Assurance/Quality Control program consistent with National Instrument 43-101 and industry best practices. Standards and blanks are included with every 20 samples for Quality Assurance/Quality Control purposes by the Company as well as the lab. Approximately 3% of sample pulps are sent to secondary laboratories for check assays. See also the Company's November 4, 2021, news release regarding work to assess the presence and source of variability relating to core samples submitted to Eastern Analytical. The test work program announced in the Company’s November 4th release is ongoing. The Company anticipates receiving results from lab work undertaken for this program in January 2022 and will report findings based on these results from its independent consultants shortly thereafter.

Qualified Person

The technical content disclosed in this press release was reviewed and approved by Greg Matheson, P. Geo., Chief Operating Officer, and a Qualified Person as defined under National Instrument 43-101. Mr. Matheson consents to the publication of this news release dated January 6, 2022, by New Found. Mr. Matheson certifies that this news release fairly and accurately represents the information for which he is responsible.

About New Found Gold Corp.

New Found holds a 100% interest in the Queensway Project, located 15km west of Gander, Newfoundland, and just 18km from Gander International Airport. The project is intersected by the Trans-Canada Highway and has logging roads crosscutting the project, high voltage electric power lines running through the project area, and easy access to a highly skilled workforce. The Company is currently undertaking a 400,000m drill program at Queensway, now approximately 32% complete. The Company is well funded for this program with a current working capital balance of approximately $130 million.

Please see the Company’s website at www.newfoundgold.ca and the Company’s SEDAR profile at www.sedar.com.

Acknowledgements

New Found acknowledges the financial support of the Junior Exploration Assistance Program, Department of Natural Resources, Government of Newfoundland and Labrador.

Contact

To contact the Company, please visit the Company’s website, www.newfoundgold.ca and make your request through our investor inquiry form. Our management has a pledge to be in touch with any investor inquiries within 24 hours.

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 Statement Cautions

This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, relating to assay results, exploration and drilling on the Company’s Queensway gold project in Newfoundland, interpretation of the assay results and the results of the drilling program, the discovery of zones of high-grade gold mineralization, follow-up step-out drilling and funding of the drilling program. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," “suggests,” "potential," "goal," "objective," "prospective," “possibly,” and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made, and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include 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.sedar.com for a more complete discussion of such risk factors and their potential effects.



View source version on businesswire.com: https://www.businesswire.com/news/home/20220106005367/en/

[howestreetbull]

ILI.v $ARXRF Georgia Lakes fellow explorer out with a nice healthy raise ...RCK has ties to Peter Thiel as an investor for those who may not be aware...Rock Tech Lithium Increases Financing To US$41.0 Million https://thedeepdive.ca/rock-tech-lithium-increases-financing-to-us41-0-million/

[howestreetbull]

BARU.v $BARUF Baru Gold Commences Drilling at Sangihe while Construction Activities Continue
by @thenewswire on 21 Dec 2021, 12:00
(TheNewswire)

Baru Gold Corp.


Vancouver, BC - TheNewswire - December 21, 2021 - Baru Gold Corp (the “Company” or “Baru”) (TSXV:BARU) (OTC:BARUF) is pleased to announce the arrival of the drill rig on Sangihe Island yesterday. The 25,000-metre drilling program announced in a news release dated September 14, 2021 will commence immediately.


The initial area targeted for this drilling program is covered in the Sangihe 2010 NI 43-101 report which identified 835,000 ounces of gold as an inferred resource between Binebase and Bawone villages over approximately 1.2 kilometres of strike length. An infill drilling program will be conducted in this area to upgrade some of the inferred resources into indicated and measured resource status. Over the past few months, the Company has prepared 27 drill pad sites which will be the focus of activity over the next two months.


Thereafter, exploration drilling will continue over an additional 1.45 kilometres from Bawone to South of Salurang village following the continuation of the known geochemical anomaly and with guidance from the ongoing structural study. Once that program has been completed, the identified resources will then be infill drilled to bring some of these resources into indicated and measured status. The rig will then be further deployed for regional target work.


Construction Activities


Construction is currently in progress. Preparation of the laydown area is now 90% complete and widening of the access bridge to the laydown has been completed. All mobilization requirements for construction are in place, including security, labour clearing crew, heavy equipment, fuel, electrical team, and facilities. Catering facilities at camp are operational and on-site laundry facilities will be running next week.


Land acquisition is on-going with minimal effect on construction. The heavy equipment on site will be utilized efficiently and concurrently as required between the drilling and construction activities. The Company currently employs 79 people on this project and 66 are locals from Sangihe Island.


ABOUT SANGIHE GOLD PROJECT

The Sangihe Gold Project (“Sangihe”) is located on the Indonesian island of Sangihe, off the northern coast of Sulawesi. Sangihe has an existing National Instrument 43-101 inferred mineral resource of 114,700 indicated and 105,000 inferred ounces of gold, as reported in the Company's "Independent Technical Report on the Mineral Resource Estimates of the Binebase and Bawone Deposits, Sangihe Project, North Sulawesi, Indonesia" (May 30, 2017). Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. The Company intends to proceed to production without the benefit of first establishing mineral reserves supported by a feasibility study.

The Company's 70-percent interest in the Sangihe-mineral-tenement Contract of Work ("CoW") is held through PT. Tambang Mas Sangihe (“TMS”). The remaining 30-percent interest in TMS is held by three Indonesian corporations. The term of the Sangihe CoW agreement is 30 years upon commencement of the production phase of the project.

Baru has met all the requirements of the Indonesian government and has been granted its environmental permit. The Company has received approval for the upgrade of its licence to advance the Sangihe project to production in early 2022.


Note: The Company cautions readers that the any production decision made by the Company will not be based on a NI 43-101 feasibility study of mineral reserves that demonstrates economic and technical viability and as such, there may be involved increased uncertainty and various technological and economic risks such as the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project's output will not be salable at a price that will cover the project's operating and maintenance costs.


ABOUT BARU GOLD CORP.

Baru Gold Corporation is a dynamic junior gold developer with NI 43-101 gold resources in Indonesia, one of the top ten gold producing countries in the world. Based in Indonesia and North America, Baru’s team of mining and finance professionals boasts extensive experience in starting and operating small-scale gold and coal assets. With sufficient funds and strong retail and institutional shareholder support, Baru is positioned to become Indonesia’s next gold producer.

Frank Rocca, BAppSc.(Geology), MAusIMM, MAIG, Chief Geologist of East Asia Minerals Corp. is the Qualified Person as defined under NI 43-101 who has reviewed and approves the content of this release.

BARU GOLD CORP


Per: “Terry Filbert”

Terry Filbert, Director

President & CEO
[e-mail]
[phone]

For investor contacts more information, please contact:


Kevin Shum

Investor Relations

[e-mail]
647-725-3888 ext 702


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.


Certain statements in this News Release, which are not historical in nature, constitute “forward looking statements” within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning future work programs, results and timing of any work programs, the Company’s performance or events as of the date hereof. These statements reflect management’s current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward looking statements. Those risks include the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project’s output will not be salable at a price that will cover the project’s operating and maintenance costs. Forward-looking statements should not be construed as investment advice. Readers should perform a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision. Accordingly, readers should not place undue reliance on any forward-looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward looking statements to reflect events or changes in circumstances that occur after the date hereof.


Copyright (c) 2021 TheNewswire - All rights reserved.

[howestreetbull]

GMG.v $GMGMF Graphene Aluminium-Ion Battery Prototypes Sent to Customers for Testing and Evaluation
by @newsfile on 22 Dec 2021, 01:00
Brisbane, Queensland--(Newsfile Corp. - December 22, 2021) - Graphene Manufacturing Group Ltd. (TSXV: GMG) (FSE: 0GF) ("GMG" or the "Company") is pleased to announce that its graphene aluminium-ion batteries ("G+AI Battery") 2032 type coin cell prototypes (see Figure 1) have been sent to a number of prospective customers around the world.

Coin cell testing to date has demonstrated that the GMG 2032 type G+AI Battery coin cell prototypes are fully rechargeable in several seconds, retain capacity for several thousand charge and discharge cycles, are non-flammable, and are relatively non-toxic and almost fully recyclable. These characteristics compare favourably against typical rechargeable Lithium-Ion 2032 type coin cells which take 3-6 hours to recharge, are toxic and can be quite harmful if ingested, are difficult to recycle, are flammable under certain conditions, and degrade more rapidly in performance.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/8082/108294_b94e44dee499abaf_001.jpg

Figure 1: GMG 2032 1.7V Prototype

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/8082/108294_b94e44dee499abaf_001full.jpg

GMG is pleased to report that further battery development, in collaboration with the University of Queensland, has increased the capacity of the G+AI Battery coin cells, when compared to earlier proof of concept prototypes. The Company is also currently in the process of developing the technology required to increase the voltage of the coin cell from approximately 1.7 Volts to 3.4 Volts - making the G+AI Battery better suited for interchangeable use in existing everyday personal devices. In addition to graphene manufactured by GMG, the Company also continues to test different grades of graphene from various sources for use in G+AI Batteries. GMG considers the performance characteristics of these prototypes clear enough to engage potential customers and industry partners for feedback on their commercial potential following subsequent further development.

GMG's CEO and Managing Director, Craig Nicol, said, "We are very pleased with the technical and commercial progress we have made to date on our G+AI Batteries, and with the level of interest received from potential customers. We look forward to customer feedback on these prototypes, and to progressing towards the commercialisation of this impressive battery technology. In parallel we will continue to optimise and improve performance in our newly commissioned pilot plant and start to develop pouch pack formats during 2022 in addition to the coin cell."

About GMG

GMG is an Australian based clean-tech company listed on the TSX Venture Exchange (TSXV: GMG) that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By using the company's proprietary process, GMG can produce high quality, low cost, scalable, 'tuneable' and no/low contaminant graphene - enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this and other sources of low input cost graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets.

The Company is pursuing opportunities for GMG graphene enhanced products, including developing next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance and energy efficiency of engine oils, biodiesel and diesel fuels.

For further information, please contact:

- Craig Nicol, Chief Executive Officer and Managing Director of the Company at [e-mail], [phone]
- Leo Karabelas at Focus Communications, [e-mail] , [phone]

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

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the continued optimisation of the G+AI Battery, the potential toxicity and recyclability of the 2032 type G+AI Battery coin cell prototypes, the technological development and optimisation of the G+AI Battery coin cells, the potential commercialization of the 2032 type G+AI Battery coin cell technology, the optimisation and improved performance of the Company's pilot plant, and the development of the 2032 type G+AI Battery coin cell prototype in a pouch pack format.

These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to the deployment of the Company's resources, including its personnel, and the intention of the Company to research, develop and produce certain products and technologies, the ability of the Company to optimise certain products and facilities, and the commercial progress and technical characteristics of certain products.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the Company's ability to research, develop and test its products within anticipated timelines, and market demand for the Company's products.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements 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 statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/108294

[howestreetbull]

WHN.v $WTHVF Red Cloud buy rating (Trading at .45 at the time of rating)
Valuation:
We maintain a BUY rating and target price of C$1.15 target. Our target
price is based on 0.8x our sum-of-parts derived NAVPS estimate of C$1.40
(unchanged). We note that the company currently trades at a discount
to peers on an EV basis at $46M (peers at $297M). It also trades at 0.30x
NAV versus peers at 0.45x. We believe there is significant potential for the
stock to re-rate with ongoing positive drill results and a maiden resource.
Upcoming Catalysts: 1) Shovelnose drill results (ongoing), 2) South Zone
maiden resource (Q4/21-early 2022), and 3) Metallurgical work (Q4/21).

[howestreetbull]

ILI.v $ARXRF Stockwatch Diamond & Specialty Minerals Summary for Dec. 17, 2021
2021-12-17 18:38 ET - Market Summary
by Will Purcell
J.C. St-Amour's Infinite Ore Corp. (ILI) fell 1.5 cents to 13.5 cents on 5.1 million shares on word that it has a finite number -- three -- of targets identified as "zones of interest" on its Jackpot lithium project, near Nipigon in Northwestern Ontario. These features, enthuses Mr. St-Amour, president, "demonstrate the expansion potential" of the project. "We are convinced that [the] pegmatites have the same source, increasing the potential for resource expansion," he cheers, adding that the company is looking forward to drilling as early as possible next year.

This new drilling would follow 15 holes completed in 2018, tests that yielded assays as high as 2.47 per cent lithium oxide over 7.23 metres and 3.02 per cent over five metres. The tests averaged 1.28 per cent lithium oxide over intervals that varied from one to 10.65 metres. Those numbers were encouraging, as a historical resource on the property, prepared in the mid-1950s, listed a far-from-infinite two million tonnes at an average of 1.09 per cent lithium oxide. The new drilling is being designed to expand that resource -- and presumably make it compliant. As well, Mr. St-Amour will be chasing newly discovered areas with his drills.

[howestreetbull]

ILI.v $ARXRF Infinite Ore Finds Additional Lithium Targets on Jackpot Project
by @newsfile on 16 Dec 2021, 04:30
Vancouver, British Columbia--(Newsfile Corp. - December 16, 2021) - Infinite Ore Corp. (TSXV: ILI) (OTCQB: ARXRF) (the "Company" or "Infinite") is pleased to announce that recent channel sampling has identified at least three zones of interest containing spodumene-bearing granitic pegmatites with lithium values matching those of the historical resource area and that demonstrate the expansion potential of the Jackpot lithium project.

Zone 1 is an extension of a previously drilled outcrop and returned channel results of 1.27% Li2O over 4.5 m, 1.32 over 4.0 m, 1.69 Li2O over 6.5 m, respectively.

Zone 2 is approximately 200 m ENE along strike of the pegmatite dykes drilled in 2018 and yield concentrations 1.37 Li2O % over 3.0 m and 0.76 % Li2O over 8.5 m. This zone indicates the potential for the Jackpot dykes to extend to a length of at least 900 m.

Zone 3, approximately 280 m to the north of the previous zone, returned 1.3 % Li2O over 12 m. Infinite is planning an extensive drill program for 2022 expecting to begin this winter. The main objective is to expand the historical resources by drilling beyond the 2018 drill campaign area as well as test the new zones.

In 2022, the Company will also test the zones of interest located on the newly acquired claims approximately 1.1-1.3 km to the WSW of the known Jackpot dykes with a goal of potentially linking these to the resource area. The newly acquired claims expose several outcrops of spodumene-bearing granitic pegmatite dykes that produced Li2O values ranging from 2.29 to 7.08 % (see the company's December 13th, 2021 press release).

Table 1: Selected Channel Sample Assay Results, Jackpot property

Channel no. No. of Samples Li2O (wt. %) Length (m) Comment
002 5 1.27 4.50 Zone 1

004 4 1.32 4.00 Zone 1

005 7 1.69 6.50 Zone 1

022 3 1.27 2.50 Zone 1

023 9 0.76 8.50 Zone 2

024 3 1.37 3.00 Zone 2

029 12 1.30 12.00 Zone 3


Cannot view this image? Visit: https://orders.newsfilecorp.com/files/2962/107823_c8fec7ebb4cd0b99_002.jpg

Figure 1 Location of the Jackpot Dykes and Zones of Interest

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2962/107823_c8fec7ebb4cd0b99_002full.jpg

J.C. St-Amour, President of Infinite Ore commented, "Based on field observations during the 2021 field program and the recent assay results, we are convinced that pegmatites have the same source, increasing the potential for resource expansion. We look forward to drilling the project as early in 2022 as possible to expand on the 2018 drill program and to test newly discovered areas."

About Jackpot

The Jackpot Lithium property, located in the Georgia Lake Area about 140 km NNE of Thunder Bay, Ontario, is approximately 12 km by air from the TransCanada Highway (Hwy 11) and the main railroad which connects to the port town of Nipigon, on Lake Superior. The property contains known lithium bearing granitic pegmatite dykes, two of which providing estimated historical resources of 2 million tons at 1.09% Li2O and 750,000 tons at 1.38% Li2O*. The Company recently acquired additional claims with additional lithium showings located on strike to the main historical resources.

Qualified Person

The technical content of this news release was approved by Michel Boily, PhD, P.Geo, an Independent Qualified Person as defined by the National Instrument 43-101.

* The estimates presented above are treated as historic information and have not been verified or relied upon for economic evaluation by the Company. These historical mineral resources do not refer to any category of sections 1.2 and 1.3 of NI-43-101 such as mineral resources or mineral reserves as stated in the 2010 CIM Definition Standards on Mineral Resources and Mineral Reserves. The explanation lies in the inability by the Company to verify the data acquired by the various historical drilling campaigns. The Company has not done sufficient work yet to classify the historical estimates as current mineral resources or mineral reserves.

About Infinite Ore Corp.

Infinite Ore is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company holds the Jackpot lithium property located near Nipigon, Ont., which contains known pegmatite showings including two historical resources of 2 million tons grading 1.09% Li2O and 750,000 tons at 1.38% Li2O. In addition, the company holds an interest in a large land package with the potential for VMS and gold mineralization in the Confederation Lake assemblage belt near Red Lake, Ont.

ON BEHALF OF THE BOARD
"J.C. St-Amour"
J.C. St-Amour, President

FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: [phone]
Toll Free: 1-888-945-4770

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: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/107823

[howestreetbull]

ILI.v $ARXRF Infinite Ore Signs Definitive Agreement to sell Interest in Eastern Vision Project in Red Lake
by @newsfile on 15 Dec 2021, 04:00
Vancouver, British Columbia--(Newsfile Corp. - December 15, 2021) - Infinite Ore Corp. (TSXV: ILI) (OTCQB: ARXRF) (the "Company" or "Infinite") announced today that, further to its news release dated July 19, 2021, it has signed a definitive agreement (the "Definitive Agreement") with Trillium Gold Mines Inc. (TSXV: TGM) ("Trillium") whereby Trillium will acquire all of Infinite's property holdings known as the Eastern Vision Project located in the Confederation Lake assemblage of the Birch-Uchi greenstone belt in the Red Lake District, Ontario (the "Transaction").

The Definitive Agreement provides that Trillium would issue 4,000,000 common shares of Trillium and pay $175,000 in cash to Infinite. In addition, Trillium would assume all of Infinite's cash payment commitments under its existing option agreements. Infinite would retain its share issuance obligations. The Eastern Vision project includes the Fredart, Garnet Lake, Confederation North, and Confederation South properties; Trillium would hold greater than 100 km of favourable structure on trend with Great Bear Resources' Dixie Deposit.

Figure 1 Trillum Gold's Property Holdings

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/2962/107683_11a27938b4ed1977_002.jpg

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2962/107683_11a27938b4ed1977_002full.jpg

J.C. St-Amour, President of Infinite Ore commented, "The Transaction gives Infinite, through its share ownership in Trillium, exposure to a larger consolidated land package extending greater than 100 km in length in the Red Lake area. This also allows us to focus our exploration efforts on our 100% owned Jackpot Lithium project, located near Thunder Bay, Ontario. Infinite is preparing a winter drilling program that would focus on resource expansion."

The Jackpot Lithium property, located in the Georgia Lake Area about 140 km NNE of Thunder Bay, Ontario, is approximately 12 km by air from the TransCanada Highway (Hwy 11) and the main railroad which connects to the port town of Nipigon, on Lake Superior. The property contains known lithium bearing granitic pegmatite dykes, two of which providing estimated historical resources of 2 million tons at 1.09% Li2O and 750,000 tons at 1.38% Li2O*. The Company recently acquired additional claims with additional lithium showings located on strike to the main historical resources.

Qualified Person

The technical content of this news release was approved by Michel Boily, PhD, P.Geo, an Independent Qualified Person as defined by the National Instrument 43-101.

* The estimates presented above are treated as historic information and have not been verified or relied upon for economic evaluation by the Company. These historical mineral resources do not refer to any category of sections 1.2 and 1.3 of NI-43-101 such as mineral resources or mineral reserves as stated in the 2010 CIM Definition Standards on Mineral Resources and Mineral Reserves. The explanation lies in the inability by the Company to verify the data acquired by the various historical drilling campaigns. The Company has not done sufficient work yet to classify the historical estimates as current mineral resources or mineral reserves.

About Infinite Ore Corp.

Infinite Ore is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company holds the Jackpot lithium property located near Nipigon, Ont., which contains known pegmatite showings including two historical resources of 2 million tons grading 1.09% Li2O and 750,000 tons at 1.38% Li2O. In addition, the company holds an interest a large land package with the potential for VMS and gold mineralization in the Confederation Lake assemblage belt near Red Lake, Ont.

ON BEHALF OF THE BOARD
"J.C. St-Amour"
J.C. St-Amour, President

FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: [phone]
Toll Free: 1-888-945-4770

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: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/107683

[howestreetbull]

ILI.v $ARXRF Infinite Ore Expands Jackpot Lithium Project
by @newsfile on 13 Dec 2021, 04:00
Vancouver, British Columbia--(Newsfile Corp. - December 13, 2021) - Infinite Ore Corp. (TSXV: ILI) (OTCQB: ARXRF) (the "Company") is pleased to announce that it has entered into an agreement (the "Purchase Agreement") with an arms length party increasing the Jackpot lithium project by acquiring a 100% interest in claims adjacent to those holding the historical resource of 2 million tons grading 1.09% Li2O. The newly acquired claims may hold the western extension of the pegmatite dykes that contain the historical resources.

A sampling program completed in 2016 identified pegmatite showings on trend with the Jackpot pegmatite dykes that contain the historical resource. The showings are approximately 1.1 - 1.3 km to the WSW of the main Jackpot dykes. Grab samples results returned values as outlined in the following table:

Assay Result Distribution

Number of Samples Li2O (%)
1 7.0 - 8.0
3 6.0 - 7.0
3 5.0 - 6.0
6 4.0 - 5.0
6 3.0 - 4.0
8 2.0 - 3.0
1 1.0 - 2.0
1 0.5 - 1.0
9 <0.5
38 samples assayed
(Source: Everton Resources Inc. news release, August 23, 2016)

Figure 1: Map of Jackpot Property

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/2962/107464_b4132219344439e3_002.jpg

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2962/107464_b4132219344439e3_002full.jpg

Under the terms of the Purchase Agreement, the Company will acquire a 100% interest in 87 claims for a consideration of C$225,000 in cash and 5,000,000 common shares in the capital of the company. In the event that the claims are demonstrated to contain a NI 43-101 compliant inferred resource in excess of 5,000,000 tons of Li2O, the Company shall make a bonus payment of 5,000,000 common shares. The vendor will retain a royalty consisting of a 2.5% Net Smelter Return. The Company, at its discretion, can purchase 1% of the royalty for cancellation for a purchase price of $1,000,000.

Qualified Person

The technical content of this news release was approved by Michel Boily, PhD, P.Geo, an Independent Qualified Person as defined by the National Instrument 43-101.

* The estimates presented above are treated as historic information and have not been verified or relied upon for economic evaluation by the Company. These historical mineral resources do not refer to any category of sections 1.2 and 1.3 of the NI-43-101 Instrument such as mineral resources or mineral reserves as stated in the 2010 CIM Definition Standards on Mineral Resources and Mineral Reserves. The explanation lies in the inability by the Company to verify the data acquired by the various historical drilling campaigns. The Company as not done sufficient work yet to classify the historical estimates as current mineral resources or mineral reserves.

About Infinite Ore Corp.

Infinite Ore is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company holds the Jackpot lithium property located near Nipigon, Ont., which contains known pegmatite showings including two historical resources of 2 million tons grading 1.09% Li2O and 750,000 tons at 1.38% Li2O. In addition, the company holds an interest a large land package with the potential for VMS and gold mineralization in the Confederation Lake assemblage belt near Red Lake, Ont.

ON BEHALF OF THE BOARD
"J.C. St-Amour"
J.C. St-Amour, President

FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: [phone]
Toll Free: 1-888-945-4770

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: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/107464

[howestreetbull]

GMG.v $GMGMF Graphene Manufacturing Group Commences Graphene Aluminium-Ion Battery Pilot Plant Operations
by @newsfile on 9 Dec 2021, 03:49
Brisbane, Queensland, Australia--(Newsfile Corp. - December 9, 2021) - Graphene Manufacturing Group Ltd. (TSXV: GMG) (FSE: 0GF) ("GMG " or the "Company") is pleased to advise that the pilot production and testing plant ("Battery Pilot Plant") for its graphene aluminium-ion batteries ("G+AI Batteries") is operational and that the first G+AI Batteries in coin cell format have been manufactured. Additional equipment to enable the manufacture G+AI Batteries in pouch pack cell format is expected to arrive in early 2022.

GMG's Managing Director and CEO, Craig Nicol, commented: "The commissioning of our Battery Pilot Plant is an important milestone for GMG. Not only will it allow us to develop, manufacture and test our own G+AI Battery coin cell and subsequently pouch packs in-house, it will also enable the Company to accelerate the commercial development of our G+AI Batteries, work with future customers and further build on our internal expertise. We also expect the Battery Pilot Plant to accelerate optimisation of our G+AI Battery prototypes, building on the encouraging results we have already achieved which are generating so much interest from prospective customers."

"Having our own manufacturing and testing capability also supports collaboration efforts with industry partners that continue to express strong interest in the initial performance results and future potential of G+AI Batteries. The lessons we learn from this process will be highly valuable as we work towards commercialisation of this technology," Nicol said.

As previously announced, subject to successful commercial prototypes and a final investment decision, GMG aims to construct an initial commercial coin cell G+AI Battery manufacturing facility, followed by first production and sales of G+AI Batteries. The location of this manufacturing facility is not yet decided but will likely be in Australia where GMG's headquarters and existing operations are located. As previously announced on the 25th October 2021, GMG and Robert Bosch Australia Pty Ltd ("BOSCH") have signed a non-binding Letter of Intent, with the aim to agree on the terms of binding agreements for BOSCH to design and deliver this manufacturing facility.

GMG's current cash balance is approximately A$15.6m, leaving the Company well-funded for the next stage of its growth plans.

About GMG

GMG is an Australian based clean-tech company listed on the TSX Venture Exchange (TSXV: GMG) that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By using the company's proprietary process, GMG can produce high quality, low cost, scalable, 'tuneable' and no/low contaminant graphene - enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this and other sources of low input cost graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets.

The Company is pursuing opportunities for GMG graphene enhanced products, including developing next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance and energy efficiency of engine oils, biodiesel and diesel fuels.

For further information, please contact:

- Craig Nicol, Chief Executive Officer and Managing Director of the Company at [e-mail], [phone]
- Leo Karabelas at Focus Communications, [e-mail], [phone]

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

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the expectation that the Pilot Battery Plant will allow the Company to develop, manufacture and test its own G+AI Battery coin cell and pouch packs in-house and that such capability may accelerate the development of the Company's G+AI Batteries; the expectation that additional equipment to enable the manufacture of G+AI Batteries in pouch pack cell format will arrive in January 2022; GMG's expectations relating to construction of an initial commercial coin cell G+AI Battery manufacturing facility, production and sales of G+AI Batteries and the anticipated timing of such events; the proposed location of the anticipated manufacturing facility; and the potential full commercialization of the Company's technology.

These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to the deployment of the Company's resources, including its personnel; the intention of the Company to research, develop and produce certain products; the ability of the Company to acquire additional equipment to enable the manufacture of G+AI Batteries in pouch pack cell format and the timeline for such acquisition; the ability of the Company to complete construction of an initial commercial coin cell G+AI Battery manufacturing facility, including obtaining necessary permits; timing of anticipated construction; and fluctuations in the market for graphene.

In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the Company's ability to research, develop and test its products within anticipated timelines; the ability of the Company to acquire additional equipment to enable the manufacture of G+AI Batteries in pouch pack cell format in a timely manner; the costs associated with construction of an initial commercial coin cell G+AI Battery manufacturing facility; the ability of the Company to obtain necessary production permits; the continued demand for graphene; sufficient demand for the Company's products; and that in-house production of G+AI Batteries by the Company will be cost-effective.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements 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 statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/107197

[howestreetbull]

ILI.v $ARXRF Infinite Ore closes over $3-million in financings

2021-12-08 16:52 ET - News Release


Mr. J.C. St-Amour reports

INFINITE ORE CLOSES FINANCING

Further to its news releases of Nov. 9 and 10, 2021, Infinite Ore Corp. has closed non-flow through and flow-through private placements. The company issued 49,287,200 non-flow-through (NFT) units at a price of six cents per NFT unit for aggregate gross proceeds of $2,957,232 and 6,712,800 flow-through (FT) units at a price of 8.5 cents per FT unit for aggregate gross proceeds of $570,588.

Each NFT unit comprises one common share and one transferable share purchase warrant of the company. Each warrant will entitle the holder to purchase one share at a price of 10 cents per warrant share for a 24 month period after the closing date.

Each FT unit comprises one flow-through common share and one transferable non-flow-through share purchase warrant of the company. Each warrant will entitle the holder to purchase one share at a price of 11 cents per warrant share for a 24-month period after the closing date.

Finders' fees of $47,874.80 were paid to arm's-length parties.

Proceeds raised from the offering will be used toward exploration activities on the company's Jackpot lithium project, and for general working capital and unallocated funds as per Tier 2 status requirements.

All securities issued under the offering are subject to a statutory hold period expiring on April 9, 2022.

The financings, although conditionally approved by the TSX Venture Exchange, are subject to final approval.

About Infinite Ore Corp.

Infinite Ore is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company is earning into a large land package with the potential for volcanogenic massive sulphide and gold mineralization in the Confederation Lake assemblage belt near Red Lake, Ont. The company also holds the Jackpot lithium property located near Nipigon, Ont.

We seek Safe Harbor.

© 2021 Canjex Publishing Ltd. All rights reserved.

[howestreetbull]

BARU.v $BARUF Baru Gold Increases Private Placement and Closes Final Tranche
by @thenewswire on 1 Dec 2021, 06:30
(TheNewswire)

Baru Gold Corp.


December 1, 2021 – TheNewswire - Vancouver, BC - Baru Gold Corp (the “Company” or “Baru”) (TSXV:BARU) | (OTC:BARUF) is pleased to announce that due to investor demand the Company has increased the size of the non-brokered private placement (the “Private Placement”) announced in its news releases dated October 18 and November 4, 2021 and closed the final tranche to raise an additional $674,000.00 from the issuance of 6,740,000 units (the “Units”) priced at $0.10 per Unit, bringing the total raised in two tranches to $1,676,000.00. Each Unit consists of one common share in the capital of the Company (a "Share") and one-half common share purchase warrant (a "Warrant"). Each full Warrant shall be exercisable into one Share at an exercise price of $0.17 for two years from the date such Warrant is issued.

In this final tranche, finder’s fees of $19,600.00 are payable in cash on a portion of the private placement to parties at arm’s length to the Company. In addition, 196,000 non-transferable finder’s warrants to purchase up to 196,000 Shares are being issued (the “Finder’s Warrants”), the Finder’s Warrants having the same terms as the Warrants.

All securities issued in the final tranche of the Private Placement will be subject to a four-month hold period expiring April 1, 2022.

The Private Placement is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including acceptance of the TSX Venture Exchange.

The proceeds raised from the Private Placement will be used to further the exploration program and to provide support for the start-up of production at the Sangihe Gold project, and for general working capital.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities 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.

ABOUT SANGIHE GOLD PROJECT

The Sangihe Gold Project (“Sangihe”) is located on the Indonesian island of Sangihe, off the northern coast of Sulawesi. Sangihe has an existing National Instrument 43-101 inferred mineral resource of 114,700 indicated and 105,000 inferred ounces of gold, as reported in the Company's "Independent Technical Report on the Mineral Resource Estimates of the Binebase and Bawone Deposits, Sangihe Project, North Sulawesi, Indonesia" (May 30, 2017). Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. The Company intends to proceed to production without the benefit of first establishing mineral reserves supported by a feasibility study.

The Company's 70-percent interest in the Sangihe-mineral-tenement Contract of Work ("CoW") is held through PT. Tambang Mas Sangihe (“TMS”). The remaining 30-percent interest in TMS is held by three Indonesian corporations. The term of the Sangihe CoW agreement is 30 years upon commencement of the production phase of the project.

Baru has met all the requirements of the Indonesian government and has been granted its environmental permit. The Company has received approval for the upgrade of its licence to advance the Sangihe project to construction and production in late 2021/early 2022.


Note: The Company cautions readers that the any production decision made by the Company will not be based on a NI 43-101 feasibility study of mineral reserves that demonstrates economic and technical viability and as such, there may be involved increased uncertainty and various technological and economic risks such as the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project's output will not be salable at a price that will cover the project's operating and maintenance costs.


ABOUT BARU GOLD CORP.

Baru Gold Corporation is a dynamic junior gold developer with NI 43-101 gold resources in Indonesia, one of the top ten gold producing countries in the world. Based in Indonesia and North America, Baru’s team of mining and finance professionals boasts extensive experience in starting and operating small-scale gold and coal assets. With sufficient funds and strong retail and institutional shareholder support, Baru is positioned to become Indonesia’s next gold producer.

Frank Rocca, BAppSc.(Geology), MAusIMM, MAIG, Chief Geologist of East Asia Minerals Corp. is the Qualified Person as defined under NI 43-101 who has reviewed and approves the content of this release.

BARU GOLD CORP


Per: “Terry Filbert”

Terry Filbert, Director

President & CEO
[e-mail]
[phone]

For investor contacts more information, please contact:


Kevin Shum

Investor Relations

[e-mail]
647-725-3888 ext 702


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.


Certain statements in this News Release, which are not historical in nature, constitute “forward looking statements” within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning future work programs, results and timing of any work programs, the Company’s performance or events as of the date hereof. These statements reflect management’s current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward looking statements. Those risks include the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project’s output will not be salable at a price that will cover the project’s operating and maintenance costs. Forward-looking statements should not be construed as investment advice. Readers should perform a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision. Accordingly, readers should not place undue reliance on any forward-looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward looking statements to reflect events or changes in circumstances that occur after the date hereof.


NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES


Copyright (c) 2021 TheNewswire - All rights reserved.

[howestreetbull]

GMG.v $GMGMF Global Patent Application Filed for Graphene Aluminium-Ion Battery Technology
by @newsfile on 30 Nov 2021, 05:00
Brisbane, Queensland, Australia--(Newsfile Corp. - November 30, 2021) - Graphene Manufacturing Group Ltd. (TSXV: GMG) (FSE: 0GF) ("GMG" or the "Company") is pleased to provide an update regarding the patent status of the associated Graphene Aluminium-Ion Battery ("G+AI Battery") technology.

GMG's partner, UniQuest Pty Limited ("UniQuest"), has filed a global patent application for the G+AI Battery under the Patent Corporation Treaty ("PCT") following an initial filing on November 25, 2020. The patent application is an important step in securing the intellectual property ("IP") and global commercialisation rights for the G+AI Battery technology that GMG has rights to develop and deploy.

As reported on April 22nd 2021, GMG is developing G+AI Battery technology with the University of Queensland (or "UQ") and has entered into a licence agreement dated February 26, 2021 (the "Licence Agreement") with UniQuest Pty Limited ("UniQuest"), an entity which commercialises research work done by the University of Queensland. The Licence Agreement has a term of 20 years or longer, should patents remain in place in certain countries. Under the terms of the Licence Agreement, GMG will pay for certain patent costs as they arise and will pay Uniquest a minimum royalty on sales of G+AI Batteries.

GMG CEO, Craig Nicol, commented: "This PCT application is another important milestone for GMG. Apart from securing the IP and global commercialisation rights, it also further cements our long-term partnership with the University of Queensland and Uniquest to develop the G+AI battery, which continues to progress well."

As disclosed in GMG's prospectus dated March 31, 2021, GMG and the University of Queensland entered into a research agreement dated February 26, 2021 (the "Research Agreement"), pursuant to which both parties are working collaboratively with financial support from the Australian Government to progress research and development, and ultimately the commercialization of G+AI Batteries.

About UniQuest

UniQuest is the commercialisation company of the University of Queensland (UQ). Working at the interface between industry and UQ's researchers, UniQuest commercialises UQ's intellectual property in partnership with UQ researchers to create societal and economic impact. Established in 1984, UniQuest's commercialisation activities have placed UQ at the forefront of academic research translation in Australia.
http://uniquest.com.au/

About GMG

GMG is an Australian based clean-tech company listed on the TSX Venture Exchange (TSXV: GMG) that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By using the company's proprietary process, GMG can produce high quality, low cost, scalable, 'tuneable' and no/low contaminant graphene - enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this and other sources of low input cost graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets.

The Company is pursuing opportunities for GMG graphene enhanced products, including developing next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance and energy efficiency of engine oils, biodiesel and diesel fuels.

For further information, please contact:
- Craig Nicol, Chief Executive Officer and Managing Director of the Company at [e-mail], [phone]
- Leo Karabelas at Focus Communications, [e-mail] , [phone]

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

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding payments under the Licence Agreement, discussions of future plans and management's expectations and intentions with respect to the Research Agreement.

These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to the deployment of the Company's resources, including its personnel, and the intention of the Company to research, develop and produce certain products, the Company's success in obtaining all necessary approvals with regard to the patent application process, the creation of IP, and the Company's success in collaborating with UQ and UniQuest to develop its products and IP.

In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the Company's ability to research, develop and test its products within anticipated timelines, the Company will be successful in obtaining all necessary approvals under the patent application process, the development and licencing of IP as anticipated, and the Company will be successful in collaborating with UQ and UniQuest to develop its products and IP.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements 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 statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/105801

[howestreetbull]

SKYG.v $SRKZF Sky Gold Discovers New Gold Target and Expands the Evening Star Property, Nevada
by @accesswire on 30 Nov 2021, 05:03
VANCOUVER, BC / ACCESSWIRE / November 30, 2021 / Sky Gold Corp. (TSX-V:SKYG) (US:SRKZF) ("Sky Gold Corp." or the "Company") is pleased to announce the discovery of another new mineralized occurrence that has returned high grade gold and silver values on its Evening Star Property, located in Mineral County, Nevada.

Known as the "Towerview Zone", the mineralization was discovered through prospecting, followed by geological mapping, rock and soil sampling, in areas north of the recently announced "High Life Copper Zone" (Press Release November 4, 2021).

A total of 65 rock samples (grab and chip samples*) have been taken over a trend length of approximately 1.0 kilometer in a West-North-West direction, by approximately 200 meters width. The arithmetic average is 2.007 parts per million gold (Au ppm), 8.71 ppm silver (Ag), 1,115 ppm copper, 595 ppm lead (Pb) and 340 ppm zinc (Zn). Peak values were 18.210 ppm Au, 97.60 ppm Ag, and +10,000 ppm Cu (i.e. 1 Cu%). Significantly, two samples comprising composite chips from limonitic, fractured felsic granitoid units, at the entrance of a historic decline adit returned 8.530 ppm Au (6.00 ppm Ag, 154 ppm Cu) across a 2.4 meter width (east side), and 6.880 ppm Au (53.5 ppm Ag, and 1,210 ppm Cu) over 1.8 meter width (west side). Table with all results are posted on the Company's website, http://skygoldcorp.com.

Seventeen (17) rock samples (*) returned +2.00 ppm Au (over 25% of the samples taken) indicating widespread gold mineralization along the 1 kilometer strike length. Two well defined gold anomalies have been identified (North-West ("NW") Target and South-East ("SE") Target) and were further investigated with two soil grids over these areas. In addition, stream sediments (silt) samples were collected over a much larger area to determine if anomalous gold and copper values may be present in bedrock away from the newly discovered Towerview target.

The Towerview target is located approximately 1.25 to 2.00 kilometers North-North-West of the center of the High Life Copper Zone. An additional 28 unpatented mineral claims have been staked and filed with the County to cover the new gold target. The gold mineralization is hosted in sheared and altered granitic rocks. Minor oxide copper mineralization was observed (malachite, azurite, chrysocolla), associated with quartz veins, veinlets, limonitic microfractures. Numerous historic workings were observed and sampled, comprising shallow shafts, declines, and trenches. Old, overgrown trails exist but no signs of modern mechanized exploration have been found. This suggesting that the targets were never drilled with modern equipment. To date no data or records have been uncovered on the historic workings and it is estimated they may be about a century old.

The Company has also completed a preliminary soil sampling survey over two areas approximately 200 by 200 meters each, over the SE target. Peak values in soil samples were 2.830 ppm Au, 10.40 ppm Ag, 930 ppm Cu, 1,370 ppm Pb, and 800 ppm Zn. The arithmetic average for the soil samples (45 samples) was 0.171 ppm Au, 0.6 ppm Ag, 141 ppm Cu, 99 ppb Pb, and 119 ppm Zn. The 90% percentile values (indicative as strongly anomalous for gold) were 0.206 ppm Au, 4.3 ppm Ag, 314 ppm Cu, 150 ppm Pb and 205 ppm Zn.

The gold-in-soil results are interpreted as strongly anomalous, with good correlation with copper and silver. The soil samples results are supportive of the anomalous values obtained from the rock sampling program which were conducted over a much larger area.

* The reader is cautioned that grab rock samples, while not representative of the grade of mineralization of an occurrence or target, are useful in determining prospectivity and geological features.

Rock and soil samples were taken by a contract geologist under supervision of a Company representative. Samples were securely shipped and received by Paragon Geochemical, an ISO (International Organization for Standardization) accredited assay laboratory, in Sparks, Nev., with chain-of-custody documentation through delivery. Mineralized commercial reference standards and blank standards are inserted into the sample stream.

Following the receipt of pending assays from the stream sediment and additional soil and rock sampling on the new Towerview zone, the Company will also be making application with the Bureau of Land Management to complete an expanded drill program. To date, the Evening Star property has received permits for 1.46 acres of disturbance, under a Notice of Intent, which allows for up to five acres of surface disturbance. EM Strategies, based in Reno, Nevada, will be contracted to assist with the new permit submittal.

Qualified Person

Garry Clark, P.Geo., a Qualified Person under National Instrument 43-101, and Independent Director of Sky Gold, is the Qualified Person responsible for reviewing and approving the technical contents of this news release as they pertain to the Evening Star property.

About Sky Gold Corp.

Sky Gold Corp. is a junior mineral exploration company engaged in acquiring and advancing mineral properties in Canada and the USA. The Company is active in Newfoundland on the Mustang and Virginia properties, which are located contiguous to New Found Gold Corp's Queensway project, where high-grade gold mineralization has been discovered, with the district being actively explored by numerous companies. The Company owns the Evening Star property, located 12 km southeast of Hawthorne, NV, which is prospective for gold mineralization and CRD (Carbonate Replacement Deposit) base and precious (silver and gold) mineralization. The Company owns the Imperial Project comprising two contiguous claim blocks (6,576 hectares) prospective for gold and VMS (volcanogenic massive sulphide) mineralization and covers 4.7 kilometres of the northern border with Amex Exploration's Perron property in Quebec, where high-grade gold has been intersected in three zones along a 3.2 km corridor.

ON BEHALF OF THE BOARD

"Mike England"

Mike England, CEO & Director

FOR FURTHER INFORMATION PLEASE CONTACT:

Tel. [phone]
Toll Free. 1-888-845-4770

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: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).

SOURCE: Sky Gold Corp.



View source version on accesswire.com:
https://www.accesswire.com/675224/Sky-Gold-Discovers-New-Gold-Target-and-Expands-the-Evening-Star-Property-Nevada

[howestreetbull]

RKL.ca ...Crux Investor interview neighbouring Mexican lithium developer BCN.CEO Bacanora (BCN -Aim Listed UK) The project, the Sonora Lithium Project, is being developed by Gangfeng Lithium and Bacanora under a 50-50 partnership and is currently in advanced stages. The project is slated to begin production in 2023. #lithium #ganfang $RKL https://www.bacanoralithium.com/media/w ... #project-4

[howestreetbull]

SKYG.v $SRKZF Quebec neighbour out with another solid raise...
Starr Peak Closes Strategic Institutional Private Placement
by @newswire on 23 Nov 2021, 07:17
VANCOUVER, BC, Nov. 23, 2021 /CNW/ - Starr Peak Mining Ltd. ("Starr Peak" or the "Company") (TSXV: STE) (OTC: STRPF) is pleased to announce that it has closed a non-brokered private placement of Flow-Through Units at $2.55 per Unit. The Company has issued 1,474,510 Units at $2.55 per Unit for gross proceeds of $3,760,000.50. Each Unit consists of one flow-through common share and one-half of one share purchase warrant, with each whole share purchase warrant entitling the holder to acquire an additional common share of the Company at a price of $3.25 per share for a period of 18 months from closing. The financing was completed at a substantial premium to its current share price.

Starr Peak Mining Ltd. logo (CNW Group/Starr Peak Mining Ltd.)

In connection with the closing, the Company paid a cash fee to a finder for a portion of the financing. The flow-through shares and warrants issued are subject to a hold period expiring March 23, 2022.

The proceeds from the financing will be used for drilling and exploration work on the Company's Quebec properties.

On Behalf of the Board of Directors of Starr Peak Mining Ltd.,

"Johnathan More"

Johnathan More
Chairman and Chief Executive Officer

About Starr Peak Mining Ltd.

Starr Peak Mining Ltd. is a Canadian based mineral exploration company focused on the acquisition and exploration of precious and base metal mineral deposits. The primary objective of the Company is to acquire, explore and develop high potential and quality gold deposits and projects in the Americas. The Company is committed to create long term shareholder value through mineral discoveries.

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 the content of this news release.

No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold in the United States, or to, or for the account or benefit of, a "U.S. person" (as defined in Regulation S of the U.S. Securities Act) unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.

Cautionary Note Regarding Forward-Looking Information:

This press release contains forward-looking information based on current expectations, including the use of funds raised under the Offering. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, Starr Peak assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law.

Although the Company believes that the expectations and assumptions on which the forward- looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to several factors and risks including various risk factors discussed in the Company's disclosure documents which can be found under the Company's profile on www.sedar.com.

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The TSXV has neither reviewed nor approved the contents of this press release.

SOURCE Starr Peak Mining Ltd.


Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2021/23/c7747.html

[howestreetbull]

RKL.ca Adding coverage to a new company here based on the strength of their recent acquisition in the Lithium space...cheers...hsb
by @accesswire on 16 Nov 2021, 05:01
Rockland Resources Acquires the Elektra Claystone Lithium Project in Sonora, Mexico

VANCOUVER, BC / ACCESSWIRE / November 16, 2021 / Rockland Resources Ltd. (the "Company" or "Rockland") (CSE:RKL) is pleased to announce it has signed an option agreement to earn a 100% interest in the very strategically located Elektra ("Elektra Project") claystone lithium project located in northern Sonora, Mexico, contiguous to the advanced Sonora Lithium Project ("Sonora") owned, and being developed, by Bacanora Lithium Plc ("Bacanora") (50%) and Ganfeng Lithium Co., Ltd. ("Ganfeng") (50%).

The Sonora project hosts (source Bacanora Annual Report December 31, 2020) "a large, scalable and high-grade lithium resource (*) with construction in progress directed at the first lithium production in 2023."

Rockland's CEO, Mike England stated "The Elektra Lithium Project acquisition represents a decisive move into the battery metal sector for Rockland, in addition to our gold exploration projects. With global lithium demand expected to quadruple by 2025, and with claystone lithium deposits recognized as a significant near-term lithium production source, the acquisition of the Elektra Project is a rare opportunity. Our knowledge of the project through an associated company, and our experience and familiarity with both the owners and the technical team that worked on the Elektra Project, will allow us to fast-track exploration activities."

Dr. Richard Sutcliffe, reports "The Elektra Lithium Project targets lithium-rich clays and claystone units, derived from alteration of shallow-dipping volcanic rocks. Rockland's exploration program will have the objective of defining a lithium resource on the Agua Fria prospect and to test multiple other lithium targets outlined by surface sampling and trenching, that could potentially be developed by low-cost, low-strip, conventional open pit mining."

Highlights of the Elektra Project:

Large property - the Elektra project comprises four exploration concessions totalling 41,818 hectares (418 square kilometers) in the northern portion of the Sonora, Mexico.
Drilling - Only a limited portion of the Agua Fria target has been drill tested to date. On the Agua Fria target, a total of 16 RC drill holes were completed between April and June 2017, comprising 1,762 meters. Drill results from this maiden drill program were encouraging with several intervals of greater than 900 ppm Li over widths of up to 90 meters. The best drill intercepts include hole AF 17-001 returning 1058 ppm Li over 33 meters from a depth of 3 meters; plus 21 meters averaging 1043 ppm Li from a depth of 54 meters, and in hole AF 17-014, from 0 to 24 meters, 1050 ppm Li over 24 meters. The Elektra Property has additional lithium anomaly targets on Tecolote that have not been drilled.
Knowledge and Data - the Elektra Project was initially proposed in 2015 and the current Mexican owners, and members of the technical team, remain involved. Work conducted from 2015 to 2018 is readily available to the company and was completed to 43-101 standards and represents an opportunity to fast-track exploration activities on various targets on the Elektra Project.
Strategic Position - the Elektra Project concessions are contiguous to the north (Tecolote) and south (Tule) of Bacanora-Ganfeng's Sonora Property, on trend with the mineralized lithium-bearing clay units localised within volcaniclastic sediment successions in the basins. The Agua Fria target is located southwest of the Sonora Property and was the site of the discovery of significant lithium-bearing clay units in surface exposures and in reverse circulation (RC) drilling in 2016-2017.

The Agua Fria prospect, located within the Elektra concession, was interpreted as having similarities to the La Ventana Zone on the Sonora Property and is characterized by fine-grained minerals, a portion which contain lithium, providing significant potential to increase plant feed grades by beneficiation.
* Lithium values and mineralization described on adjacent properties in similar rocks are not representative of the mineralization on the Elektra Project, and historical work and activities on the Elektra Project have not been verified and should not be relied upon.

Rockland further announces it has arranged a non-brokered private placement of 12 million units ("Units") at a price of $0.20 per Unit for aggregate gross proceeds of $2,400,000.00 (the "Offering"). Each Unit will be comprised of one common share ("Share") and one half of one transferable Share purchase warrant of the Company ("Warrant"). Each whole Warrant will entitle the Subscriber to purchase one Warrant Share for a 24-month period after the Closing Date at an exercise price of $0.30 per share. Proceeds raised from the Offering will be used towards exploration activities on the Company's newly acquired Elektra Lithium project as well as general and administrative purposes.

The Company can earn a 100% interest (less NSR) in the Elektra Lithium project through cumulative option payments of 10 million common shares in the Company and US$1.5 million over a 48 month period. A 2% NSR will be granted to the vendors and the Company will have an option to purchase 50% of the NSR for $1,000,000 at any time. A finders fee will be payable.

Garry Clark, P.Geo, a qualified person under National Instrument 43-101, has reviewed and approved the technical content of this news release as it pertains to the Elektra Lithium Property.

About Rockland Resources Ltd.

Rockland Resources is engaged in the business of mineral exploration and the acquisition of mineral property assets for the benefit of its shareholders.

On Behalf of the Board of Directors

Richard Sutcliffe
President and Director

For further information, please contact:

Mike England
Email: [e-mail]

Neither the Canadian Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).

SOURCE: Rockland Resources Ltd.



View source version on accesswire.com:
https://www.accesswire.com/673076/Rockland-Resources-Acquires-the-Elektra-Claystone-Lithium-Project-in-Sonora-Mexico

[howestreetbull]

WHN.v $WTHVF Westhaven Reports 95% Gold and 96% Silver Recoveries in Preliminary Metallurgical Test Work at the Shovelnose Gold Property
by @nasdaq on 15 Nov 2021, 04:30
VANCOUVER, British Columbia, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Westhaven Gold Corp. (TSX-V:WHN) is pleased to announce preliminary metallurgical test results at its 100% owned 17,623-hectare Shovelnose gold property. Shovelnose is located within the prospective Spences Bridge Gold Belt (SBGB), which borders the Coquihalla Highway 30 kilometers south of Merritt, British Columbia.

Gareth Thomas, President & CEO of Westhaven Gold, states: “We are pleased that two tranches of initial metallurgical test work undertaken by ALS Metallurgy Kamloops demonstrate high gold (average 95%) and silver (average 96%) recoveries from three quartz vein systems that comprise the South Zone. Mineralization is non-refractory and amenable to recovery by a standard industry process flowsheet. Results will support our maiden resource estimate on the South Zone, due in early Q1 2022.”

Highlights of Work by ALS Metallurgy Kamloops:

representative samples (14.5 to 18.0 kg mass) were submitted from each of the three main quartz vein systems within the South Zone (four from Vein Zone 1, and one each from Vein Zones 2 and 3)
feed grades for the six samples assayed between 3.3 and 37.1 g/t gold, and between 12 and 136 g/t silver – see table below for details
sulphur measured between 0.3 and 0.7%; nearly all as sulphide sulphur
carbon measured between 0.04 and 0.7%; with low levels of organic carbon (0.03 to 0.04%) with a low percentage as coarse “nugget” gold
combined flotation recovery and cyanidation extraction of gold ranged from 93 to 98% (average 95%), and for silver from 95 to 98% (average 96%)
recoveries through an industry standard process flowsheet were comparable for both lower and higher-grade samples, and for each of the three vein zones
Metallurgical Test Programs and Results:

Westhaven prepared six composite samples for preliminary metallurgical work from archived jaw crushed coarse (>70% passing 2mm square mesh sieve) ‘reject’ drill core material associated with routine sampling activities. This crushed drill core should be sufficient for scoping level testing, but there may be some degradation in the performance of the samples during testing. Westhaven has collected additional drill core from the South Zone during 2021 and, once the maiden mineral resource estimate has been completed, this fresh uncrushed core would be available for additional metallurgical testwork beyond scoping levels. Samples ranged from 14.5 to 18.0kg each (combined total of 97 kg), with four composite samples submitted to ALS Metallurgy Kamloops from Vein Zone 1 mineralization, and one each from Vein Zones 2 and 3. Results of two tranches of test work completed in 2021 are compiled in the table and figure below. A point form summary of the two metallurgical test results is also provided.

A table accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/0b983c9d-b43a-42d8-802e-23bb97560b5a

A graph accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/313a6608-8e1c-4f39-ae70-212e485c1ed3

Notes:

Achieved lengths for samples VnZn1–21 and VnZn2–1933 show a slight difference due to missing coarse reject material. In VnZn1-21 a single 0.35m interval could not be found. Three samples totaling 2.1m length were missing from VnZn2–1933.
As reported by ALS Metallurgy Kamloops (“ALS”), an ISO 9001:2015 certified testing laboratory.
Gold head grade in g/t from nominal 500g screened metallic assay as reported by ALS Metallurgy Kamloops.
Silver head grade from aqua regia digestion (g/t) as reported by ALS Metallurgy Kamloops. Silver head grades were also derived from 4 acid digestion carried out by ALS Geochemistry Vancouver, and agree within a few percentage points.
Check assays on select sample materials returned from the metallurgical test work, including head feed and concentrates, were submitted by Westhaven to an independent third-party analytical facility whose results support those reported by ALS.
Primary grind sizing was a nominal 75 micron K80 (80% of material passing through a 75 micron mesh screen).
Gold and silver recovery percentages are for combined flotation recovery and cyanidation extraction, as reported by ALS Metallurgy Kamloops.
Two tranches of metallurgical testwork were undertaken by ALS Metallurgy Kamloops in 2021. Primary objectives of the first program (KM6326) were to:

Assess the chemical content of six provided samples through standard chemical assays, screened metallic gold assays, and multi-element ICP analyses.
Assess the amenability of the gold and silver within the six samples to gravity concentration through laboratory scale Knelson gravity testing with hand panning of the Knelson concentrate.
Assess the amenability of the gold and silver within the six samples to bulk froth flotation separation through rougher flotation testing.
Assess the cyanidation extraction potential of gold and silver within the six samples through cyanidation leach extraction bottle roll tests.
The second program (KM6393) was conducted as a follow-up to the initial testing to assess finer primary grind sizings and additional flowsheet configurations using the remaining sample mass. The primary objectives of the second program were to:

Assess the effect of a finer primary grind sizing on the gold and silver recovery for the six samples using bulk rougher flotation separation.
Assess the cyanidation extraction potential of gold and silver for the six samples at a finer primary grind sizing through whole ore cyanidation leach extraction bottle roll tests.
Investigate a flowsheet incorporating bulk froth flotation with cyanidation of the flotation tailings at both primary grind sizings, through cyanidation bottle roll testing on rougher tailings.
Results of the two metallurgical programs are summarized below:

Screened metallic gold grades for the six feed grades measured between 3.3 and 37.1 g/t.
Silver content by wet digestion ranged between 12 and 136 g/t.
Sulphur measured between 0.3 and 0.7 percent; nearly all as sulphide sulphur.
Carbon measured between 0.04 and 0.7 percent; with low levels of organic carbon (0.03 and 0.04 percent), suggesting that there should not be issues with reagent consumption or gold/silver preg-robbing during a cyanidation leaching procedure.
Initial investigations used a primary grind sizing of 150um K80, and supplementary work used a 75um K80 grind.
A Bond ball work index test for a composite prepared from the remaining sample mass of four of the six original samples was calculated at about 20 kWhr/tonne.
Gravity recovery and screened metallic analyses indicate that there was likely not a presence of coarse “nugget” gold, and that a gravity recovery circuit would not likely be included in mine design.
Combined flowsheet test results recorded reagent consumptions slightly lower at the coarser primary grind sizing with sodium cyanide consumptions recorded at 0.46 kg/tonne leach feed and lime consumption at about 0.66 kg/tonne leach feed. At the finer primary grind sodium cyanide consumptions averaged about 0.63 kg/tonne leach feed and lime consumption was recorded at about 0.74 kg/tonne leach feed.
ALS Metallurgy Kamloops concluded that the highest recoveries/extractions of gold and silver were produced through initial rougher flotation with cyanidation leaching of the rougher tailings. At the finer primary grind sizing, the average combined flotation recovery and cyanidation extraction of gold and silver measured 95 and 96 percent, respectively.
Recommendations for future testing include optimization of rougher tailings cyanidation conditions, cyanidation of rougher concentrates, cleaner flotation testing and a more extensive variability program – all of which would require larger masses of feed material – as well as confirming marketability of the final concentrate.

On behalf of the Board of Directors
WESTHAVEN GOLD CORP.

"Gareth Thomas"

Gareth Thomas, President, CEO & Director

Qualified Person Statement

Peter Fischl, P.Geo., who is a Qualified Person within the context of National Instrument 43-101 has read and takes responsibility for this release. Results for the two metallurgical test programs were provided and approved by Robert Sloan, P.Eng, VP ALS Metallurgy Americas, a Qualified Person for the purpose of National Instrument 43-101. Westhaven’s ongoing Quality Assurance and Quality Control programs include auditing of all exploration data. Any significant changes will be reported when available.

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.

About Westhaven Gold Corp.

Westhaven is a gold-focused exploration company advancing the high-grade discovery on the Shovelnose project in Canada’s newest gold district, the Spences Bridge Gold Belt. Westhaven controls 37,000 hectares (370 square kilometres) with four 100% owned gold properties spread along this underexplored belt. The Shovelnose property is situated off a major highway, near power, rail, large producing mines, and within commuting distance from the city of Merritt, which translates into low-cost exploration.

Westhaven trades on the TSX Venture Exchange under the ticker symbol WHN. For further information, please call 604-681-5558 or visit Westhaven’s website at www.westhavengold.com.



Primary Logo

Image 1

A point form summary of the two metallurgical test results
Image 2

South zone metallurgical samples

[howestreetbull]

ILI.v $ARXRF
Diamond & Specialty Minerals Summary for Nov. 12, 2021
2021-11-12 21:03 ET - Market Summary
by Will Purcell
J.C. St-Amour's Infinite Ore Corp. ( $ILI ) lost one-half cent to 14 cents on 1.3 million shares. Infinite had a good day Thursday, adding one cent to 14.5 cents on 1.68 million shares on word that it is offering 25 million flow-through and regular shares, all at 8.5 cents, as it seeks an additional $2.12-million to advance its Jackpot lithium project in Northwestern Ontario. This follows hard on the heels of word Tuesday that the company was offering 50 million regular shares at six cents, seeking $3-million for Jackpot.

Mr. St-Amour cheers Jackpot as hosting a historical resource of two million tons averaging 1.09 per cent lithium oxide in one pegmatite and 700,000 tons at 1.38 per cent in a second, but his main pitch centres of the project's proximity to Georgia Lake, being worked by Rock Tech Lithium Inc. ( $RCK : $7.21). Georgia Lake hosts 6.6 million tonnes indicated at 1.01 per cent lithium oxide and 6.7 million tonnes inferred at 1.16 per cent. A recent dream sheet proposed a $350-million mine.

[howestreetbull]

ILI.v $ARXRF Infinite Ore Increases Private Placement
by @accesswire on 10 Nov 2021, 12:58
VANCOUVER, BC / ACCESSWIRE / November 10, 2021 / Infinite Ore Corp. (the "Company") (TSXV:ILI)(OTCQB:ARXRF) announces that it has arranged an additional non-brokered private placement of 25 million units and flow-through units ("Units") at a price of $0.085 per Unit for aggregate gross proceeds of $2,125,000.00 (the "Offering"). Each Unit will be comprised of one common share ("Share") or Flow-through share (Flow-through shares") and one transferable Share purchase warrant of the Company ("Warrant"). Each Warrant will entitle the Subscriber to purchase one Warrant Share for a 24-month period after the Closing Date at an exercise price of $0.11 per share. Proceeds raised from the Offering will be used towards exploration activities on the Company's Jackpot Lithium project and for general working capital and unallocated funds as per Tier 2 status requirements.

Finders' fees may be payable on the private placement, subject to the policies of the TSX Venture Exchange.

These offerings are subject to TSX Venture Exchange acceptance.

About Infinite Ore Corp.

Infinite Ore is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company is focused on the exploration and development of its 100% owned Jackpot lithium property located near Nipigon, Ont.

ON BEHALF OF THE BOARD
"J.C. St-Amour"
J.C. St-Amour, President

FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: [phone]
Toll Free: 1-888-945-4770

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: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).

SOURCE: Infinite Ore Corp.



View source version on accesswire.com:
https://www.accesswire.com/672230/Infinite-Ore-Increases-Private-Placement

[howestreetbull]

SKYG.v $SRKZF Que neighbour out with some more great results...AMX.v $AMXEF Amex Reports 8.25 g/t Gold over 44.80 Metres and 1.22 g/t Gold over 64.75 Metres from the Denise Zone of Perron
by @newsfile on 11 Nov 2021, 00:00
Highlights from the Denise Zone include:

8.25 g/t Au over 44.80 m, including 602.00 g/t Au over 0.50 m, at a vertical depth of ~230 m in hole PE-21-337;
1.22 g/t Au over 64.75 m, including 10.96 g/t Au over 3.55 m, at a vertical depth of ~200 m in hole PE-21-305;
2.38 g/t Au over 6.50 m at a vertical depth of 260 m in hole PE-21-291;
1.36 g/t Au over 10.50 m at a vertical depth of 335 m in hole PE-21-311;
1.55 g/t Au over 8.50 m at a vertical depth of 230 m in hole PE-21-285;
1.41 g/t Au over 9.00 m at a vertical depth of 340 m in hole PE-21-382;
2.01 g/t Au over 6.50 m at a vertical depth of 290 m in hole PE-21-369;
2.65 g/t Au over 9.90 m at a vertical depth of 40 m in hole PE-21-368;
1.50 g/t Au over 19.70 m at a vertical depth of ~30 m in hole PE-21-364; and
0.76 g/t Au over 37.55 m at a vertical depth of ~100 m in hole PE-21-374.
Montreal, Quebec--(Newsfile Corp. - November 11, 2021) - Amex Exploration Inc. (TSXV: AMX) (FRA: MX0) (OTCQX: AMXEF) ("Amex or the Company") is pleased to announce a total of 36 drill holes focused on expansion and definition drilling of the Denise Zone ("Denise"), part of the Eastern Gold Zone ("EGZ"), of the Perron Project. See Figure 1 for a plan view of the geology of the EGZ and the mineralized zones.

Today's results are focused on near surface and on-strike expansion as well as definition drilling of the Denise Zone as the Company works towards its maiden resource on the Perron Project. A complete list of results is available in Table 1 and presented in Figure 2. In addition to the results detailed below, Amex is awaiting results on over 9,500 samples at three labs from holes targeting the HGZ, Denise, QF Zone, and Grey Cat Zone, as well as regional exploration drilling.

Jacques Trottier, PhD, Executive Chairman of Amex Exploration commented, "We are very pleased to see Denise growing as this Zone has the potential to add meaningful near surface ounces to the overall gold resource at Perron. Today's results indicate that Denise is a system that exhibits both low-grade bulk tonnage and higher-grade vein type tendencies. This will provide optionality for future potential mining scenarios."

Trottier continued, "One of the major near-term goals of our coming winter drilling season is to test the expansion potential of Denise to the East along strike for at least a kilometre. Last year in July we reported in holes PE-21-262, 270, 273, and 277, all of which expand the Denise Zone eastward and even to the east of a cross-cutting late diabase dyke. There has been very little drilling to the east, as shown in Figure 1, due to better access in winter and permitting requirements. Having already intercepted gold along this trend we view this as a top priority for the coming drilling."

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/2667/102915_2c290b5994a7dafe_002.jpg

Figure 1: Plan view of the geology of the Eastern Gold Zone comprised of the High Grade Zone and the Denise Zone

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2667/102915_2c290b5994a7dafe_002full.jpg

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/2667/102915_2c290b5994a7dafe_003.jpg

Figure 2: Longitudinal section of the Denise Zone, with today's released hole locations in green and/or labelled on the longitudinal. Assay results are presented in core length (m). True width is approximately 70-80% of reported intercepts. Metal factor is defined as gold grade multiplied by core length.

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/2667/102915_2c290b5994a7dafe_003full.jpg

Table 1: Assay results from the Denise Zone at Perron

Denise Zone Results
Hole ID From (m) To (m) Length (m) Au (g/t) Zone Vertical depth (m)
PE-21-337 255.20 300.00 44.80 8.25 Denise Zone ~230 and 270
Including 255.20 255.70 0.50 602.00
And 339.70 340.20 0.50 34.29
PE-21-305 199.85 264.60 64.75 1.22 Denise Zone ~200 and 270
Including 205.00 208.55 3.55 10.96
And 356.50 357.00 0.50 41.75
PE-21-291 327.00 333.50 6.50 2.38 Denise Zone ~260
Including 333.00 333.50 0.50 25.87
PE-21-322 274.50 277.50 3.00 2.38 Denise Zone ~230 and 260
And 305.70 319.50 13.80 1.12
Including 310.30 311.30 1.00 6.82
PE-21-311 373.55 377.35 3.80 1.93 Denise Zone ~320 and 335
And 405.00 415.50 10.50 1.36
Including 415.00 415.50 0.50 22.08
PE-21-285 269.50 274.00 4.50 1.51 Denise Zone ~200 and 230
Including 269.50 270.00 0.50 11.76
And 321.00 329.50 8.50 1.55
PE-21-354 208.40 238.05 29.65 0.54 Denise Zone ~150 and 180
Including 222.00 226.20 4.20 2.88
PE-21-382 309.00 312.00 3.00 6.23 Denise Zone ~260 and 340
And 412.50 421.50 9.00 1.41
PE-21-381 345.00 348.00 3.00 3.89 Denise Zone ~280
PE-21-369 195.00 199.50 4.50 1.38 Denise Zone ~160 and 290
And 230.10 230.60 0.50 31.87
And 343.10 349.60 6.50 2.01
PE-21-368 66.70 76.60 9.90 2.65 Denise Zone ~40 and 180
And 226.90 227.40 0.50 25.47
PE-21-364 33.00 52.70 19.70 1.50 Near Surface Denise Zone ~30
Including 52.20 52.70 0.50 44.11
PE-21-374 101.45 139.00 37.55 0.76 Near Surface Denise Zone ~100
Including 105.00 109.50 4.50 2.66
PE-21-279 57.00 57.50 0.50 0.80 Near Surface Denise Zone ~40
PE-21-278 150.40 150.90 0.50 1.12 Near Surface Denise Zone ~100
PE-21-363 81.50 84.00 2.50 0.88 Near Surface Denise Zone ~60
PE-21-358 83.00 85.50 2.50 1.87 Near Surface Denise Zone ~60
PE-21-303 148.55 149.45 0.90 0.98 Near Surface Denise Zone ~100
PE-21-298 108.50 115.50 7.00 0.38 Near Surface Denise Zone ~70
PE-21-304 73.50 80.60 7.10 0.71 Near Surface Denise Zone ~50
PE-21-355 70.50 80.85 10.35 0.30 Near Surface Denise Zone ~50 and 90
And 106.50 109.50 3.00 0.48
And 119.05 128.80 9.75 0.31
PE-21-351 47.50 48.50 1.00 1.39 Near Surface Denise Zone ~35
PE-21-308 151.00 151.50 0.50 1.41 Near Surface Denise Zone ~100 and 130
And 169.50 172.05 2.55 0.65
And 193.50 194.55 1.05 0.63
PE-21-312 140.75 142.00 1.25 0.52 Near Surface Denise Zone ~100
PE-21-314 78.00 81.00 3.00 1.23 Near Surface Denise Zone ~50
PE-21-252 130.95 133.85 2.90 0.78 Near Surface Denise Zone ~90
PE-21-254 31.50 33.00 1.50 1.57 Near Surface Denise Zone ~20
PE-21-317 91.20 94.70 3.50 2.67 Near Surface Denise Zone ~65
PE-21-320 52.50 56.00 3.50 1.17 Near Surface Denise Zone ~30
PE-21-325 35.00 35.80 0.80 2.20 Near Surface Denise Zone ~20
PE-21-327 21.00 22.50 1.50 0.88 Near Surface Denise Zone ~15
PE-21-330 51.50 54.85 3.35 1.80 Near Surface Denise Zone ~40
PE-21-332 25.00 25.50 0.50 11.86 Near Surface Denise Zone ~15
PE-21-335 31.00 34.00 3.00 1.36 Near Surface Denise Zone ~20 and 50
And 69.00 73.00 4.00 0.45
PE-21-339 26.75 31.00 4.25 0.47 Near Surface Denise Zone ~50
And 67.50 68.05 0.55 13.74
PE-21-341 56.50 57.00 0.50 5.21 Near Surface Denise Zone ~60
And 85.50 87.00 1.50 3.77


Qualified Person

Maxime Bouchard P.Geo. M.Sc.A., (OGQ 1752) and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134), Independent Qualified Persons as defined by Canadian NI 43-101 standards, have reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard and Jérôme Augustin. The quality assurance and quality control protocol include insertion of blank or standard every 10 samples on average, in addition to the regular insertion of blank, duplicate, and standard samples accredited by Laboratoire Expert during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption and values over 3 ppm Au are reanalyzed by fire assay with finish by gravimetry by Laboratoire Expert Inc, Rouyn-Noranda. Samples containing visible gold mineralization are analyzed by metallic sieve. For additional quality assurance and quality control, all samples were crushed to 90% less than 2 mm prior to pulverization, in order to homogenize samples which may contain coarse gold. Core logging and sampling were completed by Laurentia Exploration.

About Amex

Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold projects in the mining-friendly jurisdiction of Quebec. Amex is focused on its 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 117 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and elsewhere in the province.

For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: [phone]

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

This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program on the HGZ and Denise Zone, the expected positive exploration results, the extension of the mineralized zones, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/102915



https://ceo.ca/@newsfile/amex-reports-825-gt-gold-over-4480-metres-and-122

[howestreetbull]

ILI.v $ARXRF Infinite Ore Launches Private Placement
by @accesswire on 9 Nov 2021, 04:01
VANCOUVER, BC / ACCESSWIRE / November 9, 2021 / Infinite Ore Corp. (the "Company") (ILI-TSX:V) (OTCQB:ARXRF) announces that it has arranged a non-brokered private placement of 50 million units ("Units") at a price of $0.06 per Unit for aggregate gross proceeds of $3,000,000.00 (the "Offering"). Each Unit will be comprised of one common share ("Share") and one transferable Share purchase warrant of the Company ("Warrant"). Each Warrant will entitle the Subscriber to purchase one Warrant Share for a 24-month period after the Closing Date at an exercise price of $0.10 per share. Proceeds raised from the Offering will be used towards exploration activities on the Company's Jackpot Lithium project and for general working capital and unallocated funds as per Tier 2 status requirements.

Finders' fees may be payable on the private placement, subject to the policies of the TSX Venture Exchange.

These offerings are subject to TSX Venture Exchange acceptance.

About Infinite Ore Corp.

Infinite Ore is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company is focused on the exploration and development of its 100% owned Jackpot lithium property located near Nipigon, Ont.

ON BEHALF OF THE BOARD
"J.C. St-Amour"
J.C. St-Amour, President

FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: [phone]
Toll Free: 1-888-945-4770

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: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).

SOURCE: Infinite Ore Corp.



View source version on accesswire.com:
https://www.accesswire.com/671850/Infinite-Ore-Launches-Private-Placement

[howestreetbull]

BARU.v $BARUF Baru Gold Closes $1 Million First Tranche of Financing
by @thenewswire on 4 Nov 2021, 14:35
(TheNewswire)

Baru Gold Corp.


Vancouver, BC – TheNewswire - November 4, 2021 - Baru Gold Corp (the “Company” or “Baru”) (TSXV:BARU) (OTC:BARUF) is pleased to announce that it has closed $1,002,000.00, issuing 10,020,000 Units in the first tranche of the $1.6 million financing previously announced on October 18, 2021. Each unit will be comprised of one common share in the capital of the Company (a "Share") and one-half common share purchase warrant (a "Warrant"). Each full Warrant shall be exercisable into one Share at an exercise price of $0.17 for 2 years from the date such Warrant is issued. The private placement (the "Private Placement") consists of up to 16,000,000 units priced at $0.10 per unit (the “Unit”).

In this tranche, finder’s fees of $29,890.00 are payable in cash on a portion of the private placement to parties at arm’s length to the Company. In addition, 291,900 non-transferable finder’s warrants to purchase up to 291,900 Shares are being issued (the “Finder’s Warrants”), the Finder’s Warrants having the same terms as the Warrants.

All securities issued in the first tranche of the Private Placement will be subject to a four-month hold period expiring March 5, 2022.

The Private Placement is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including acceptance of the TSX Venture Exchange.

The proceeds raised from the Private Placement will be used to further the exploration program and to provide support for the start-up of production at the Sangihe Gold project, and for general working capital.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities 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.

ABOUT SANGIHE GOLD PROJECT

The Sangihe Gold Project (“Sangihe”) is located on the Indonesian island of Sangihe, off the northern coast of Sulawesi. Sangihe has an existing National Instrument 43-101 inferred mineral resource of 114,700 indicated and 105,000 inferred ounces of gold, as reported in the Company's "Independent Technical Report on the Mineral Resource Estimates of the Binebase and Bawone Deposits, Sangihe Project, North Sulawesi, Indonesia" (May 30, 2017). Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. The Company intends to proceed to production without the benefit of first establishing mineral reserves supported by a feasibility study.

The Company's 70-percent interest in the Sangihe-mineral-tenement Contract of Work ("CoW") is held through PT. Tambang Mas Sangihe (“TMS”). The remaining 30-percent interest in TMS is held by three Indonesian corporations. The term of the Sangihe CoW agreement is 30 years upon commencement of the production phase of the project.

Baru has met all the requirements of the Indonesian government and has been granted its environmental permit. The Company has received approval for the upgrade of its licence to advance the Sangihe project to construction and production in late 2021/early 2022.


Note: The Company cautions readers that the any production decision made by the Company will not be based on a NI 43-101 feasibility study of mineral reserves that demonstrates economic and technical viability and as such, there may be involved increased uncertainty and various technological and economic risks such as the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project's output will not be salable at a price that will cover the project's operating and maintenance costs.


ABOUT BARU GOLD CORP.

Baru Gold Corporation is a dynamic junior gold developer with NI 43-101 gold resources in Indonesia, one of the top ten gold producing countries in the world. Based in Indonesia and North America, Baru’s team of mining and finance professionals boasts extensive experience in starting and operating small-scale gold and coal assets. With sufficient funds and strong retail and institutional shareholder support, Baru is positioned to become Indonesia’s next gold producer.

Frank Rocca, BAppSc.(Geology), MAusIMM, MAIG, Chief Geologist of East Asia Minerals Corp. is the Qualified Person as defined under NI 43-101 who has reviewed and approves the content of this release.

BARU GOLD CORP


Per: “Terry Filbert”

Terry Filbert, Director

President & CEO
[e-mail]
[phone]

For investor contacts more information, please contact:


Kevin Shum

Investor Relations

[e-mail]
647-725-3888 ext 702


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.


Certain statements in this News Release, which are not historical in nature, constitute “forward looking statements” within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning future work programs, results and timing of any work programs, the Company’s performance or events as of the date hereof. These statements reflect management’s current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward looking statements. Those risks include the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project’s output will not be salable at a price that will cover the project’s operating and maintenance costs. Forward-looking statements should not be construed as investment advice. Readers should perform a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision. Accordingly, readers should not place undue reliance on any forward-looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward looking statements to reflect events or changes in circumstances that occur after the date hereof.


NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Copyright (c) 2021 TheNewswire - All rights reserved.

[howestreetbull]

SKYG.v $SRKZF Sky Gold Discovers New Copper Target on the Evening Star Property, Nevada
by @accesswire on 4 Nov 2021, 05:03
VANCOUVER, BC / ACCESSWIRE / November 4, 2021 / Sky Gold Corp. (TSXV:SKYG)(OTC PINK:SRKZF) ("Sky Gold Corp." or the "Company") is pleased to announce the discovery of a new zone of surface copper mineralization on its Evening Star Property, located in Mineral County, Nevada.

Discovered through prospecting, geological mapping, rock and soil sampling, the new target known as the "High Life Zone" was sampled over an area approximately 200 by 400 meters. Fifteen (15) surface grab samples averaged 0.42 percent copper (% Cu), and 11.7 parts per million silver (Ag ppm). Peak values were 1.54 Cu % and 63.7 Ag ppm. The table below summarizes all rock samples received from the preliminary sampling.


The Evening Star property is prospective for CRD (Carbonate Replacement Deposit) base and precious (silver and gold) mineralization and has previously been explored for copper-gold porphyry mineralization. The property is located 12 kilometers southeast of the town of Hawthorne, north of, and contiguous to the Pamlico property, owned by Newrange Gold Corp.

The High Life Zone is located approximately 250 meters north of the Gold Bug mine workings. The copper mineralization appears as copper oxides (malachite, azurite, chrysocolla), associated with quartz veins, veinlets, limonitic microfractures and disseminated in a quartz monzonite porphyry host rock interpreted as Cretaceous in age. To date, no carbonate rocks have been observed. Outcrop exposure is limited due to widespread sandy, druzy, weathered granodiorite cover (windblown) but the grab rock samples are interpreted to reflect subcrop mineralization under relatively thin cover.

The Company has also completed a preliminary soil sampling survey over the same area that the rock samples were collected, comprised of 33 samples. The arithmetic average for the soil samples was 0.040 ppm Au, 1.8 ppm Ag, 479 ppm Cu, 77 ppb Pb, and 173 ppm Zn. The 90% percentile values (indicative as strongly anomalous) were 0.099 ppm Au, 7.6 ppm Ag, 1197 ppm Cu (0.12% Cu), 195 ppm Pb and 419 ppm Zn.

These soil results are interpreted as strongly anomalous for copper and silver and are supportive of the anomalous values obtained from the rock sampling program. The soil geochemistry is also anomalous for gold which was not reflected in the rock sample assays. In addition, some rock and soil samples are elevated in bismuth and arsenic which may indicate multiple phases of mineralization.

Following the receipt of pending assays from additional soil and rock sampling on the new copper area, the Company will also be making application with the Bureau of Land Management to complete an expanded drill program. To date, the Evening Star property has received permits for 1.46 acres of disturbance, under a Notice of Intent, which allows for to five acres of surface disturbance. EM Strategies, based in Reno, Nevada, will be contracted to assist with the new permit submittal.

Qualified Person

Sky Gold's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Garry Clark, P.Geo., who serves as a qualified person under the definition of National Instrument 43-101.

About Sky Gold Corp.

Sky Gold Corp. is a junior mineral exploration company engaged in acquiring and advancing mineral properties in Canada and the USA. The Company is active in Newfoundland on the Mustang and Virginia properties, which are located contiguous to New Found Gold Corp's Queensway project, where high-grade gold mineralization has been discovered, with the district being actively explored by numerous companies. The Company also owns the Evening Star property, located 12 km southeast of Hawthorne, NV, which is prospective for gold mineralization and CRD (Carbonate Replacement Deposit) base and precious (silver and gold) mineralization. The Company also owns the Imperial Project comprising two contiguous claim blocks (6,576 hectares) prospective for gold and VMS (volcanogenic massive sulphide) mineralization and covers 4.7 kilometres of the northern border with Amex Exploration's Perron property in Quebec, where high-grade gold has been intersected in three zones along a 3.2 km corridor.

ON BEHALF OF THE BOARD

"Mike England"

Mike England, CEO & Director

FOR FURTHER INFORMATION PLEASE CONTACT:

Tel. [phone]
Toll Free. 1-888-845-4770

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: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).

SOURCE: Sky Gold Corp.



View source version on accesswire.com:
https://www.accesswire.com/671112/Sky-Gold-Discovers-New-Copper-Target-on-the-Evening-Star-Property-Nevada

[mik1234]

2 years ago $ARTL was $10 per share.

[BottomBounce]

$SNDL Canada Cannabis

[howestreetbull]

SKYG.v $SRKZF Que neighbour out with some rich stuff...Starr Peak (STE.v) Reports Results of its Ongoing 2021 Drilling Campaign with Multiple VMS Intersects Up To 6.65% Zinc-Equivalent Over 13.45 Metres Including Copper Rich Sub Intersect of 3.83% Cu Over 2.25 Metres
by @newswire on 2 Nov 2021, 06:01
VANCOUVER, BC, Nov. 2, 2021 /CNW/ - Starr Peak Mining Ltd. ("Starr Peak" or the "Company") (TSXV: STE) (OTC:STRPF) is very pleased to announce a number of drill results from its ongoing 2021 drilling campaign on its NewMétal property ("NewMétal" or "the Property"), located in the Abitibi Greenstone Belt of Quebec near the town of Normétal. The NewMétal project also includes the past-producing Normétal Mine, from which ~10.1M tonnes of 2.15% Cu, 5.12% Zn, 0.549 g/t Au, and 45.25 g/t Ag were produced (Boivin, 1988). Results are extending the Upper and Deep zones, located directly under Normetmar trend at depth. See below Table 1, Table 2 and Figure 1 showing up to date assay results and Zinc Equivalent (Zn_Eq) calculations of drill hole mineralized intervals.

Highlights

Upper Zone (above 400m vertically)
STE-21-66: 13.45 m of 6.65 % ZnEq, incl. 3.83% Cu over 2.25m
Deep Zone (below 400m vertically)
STE-21-59-W3: 10.1 m of 6.16 % ZnEq
Johnathan More, Chairman and CEO of Starr Peak commented, "The two Zones are delivering high copper mineralization zonation which is as expected in polymetallic VMS deposits. The Deep Zone and related targets at depth will add to our understanding of this mineralized system as it is open for extensions in several directions. We are also very excited by the just initiated exploration program along the Normétal-Normetmar lithological contact."

Table 1 – Deep zone

Table 1 – Deep zone (CNW Group/Starr Peak Mining Ltd.)

Intervals are reported as drill core lengths measured downhole. True width of mineralization is currently unknown.

*Note: Zn_Eq% formula is defined below

Table 2 – Upper zone

Table 2 – Upper zone (CNW Group/Starr Peak Mining Ltd.)

Intervals are reported as drill core lengths measured downhole. True width of mineralization is currently unknown.

*Note: Zn_Eq% formula is defined below

Drilling continues on the project targeting the Deep Zone below 600m vertical depth. A second drill has started targeting the 4 km long prolific Normetmar-Normétal lithological contact within the property, taking into account the many new massive sulphide intercepts in 2021.

Figure 1: Longitudinal Section of Normetmar Satellite Deposit trend at depth. Drilling targets represented by a red star. Historical Drill Intercepts area provided in Zinc-Equivalent calculated using the formula in references. Abbreviation: Sp – Sphalerite, Cp – Chalcopyrite, Gn – Galena, MS – Massive sulfides, SMS – Semi-massive sulfides (under 75%), Tr – Traces, EOH – End of Hole.

Figure 1: Longitudinal Section of Normetmar Satellite Deposit trend at depth. Drilling targets represented by a red star. Historical Drill Intercepts area provided in Zinc-Equivalent calculated using the formula in references. Abbreviation: Sp – Sphalerite, Cp – Chalcopyrite, Gn – Galena, MS – Massive sulfides, SMS – Semi-massive sulfides (under 75%), Tr – Traces, EOH – End of Hole. (CNW Group/Starr Peak Mining Ltd.)

Qualified Person
Alexis Paulin Bissonnette, Ing. (OIQ 5037621), an independent Qualified Person as defined by Canadian NI 43-101 standards, has reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Alexis Paulin Bissonnette. Core logging and sampling were completed by Laurentia Exploration. The quality assurance and quality control protocol include insertion of one blank, one standard and one duplicate every 25 samples, in addition to the regular insertion of blank, duplicate, and standard samples accredited by ALS Canada Ltd. during the analytical process. Additionally, sample weight is taken prior shipment to validate sample identity. Gold values are estimated by fire assay with finish by atomic absorption. Zinc, Copper and Silver values are estimated by four acid digestion multi elements Inductively Coupled Plasma – Atomic Emission Spectroscopy (ICP-AES), ME-ICP61. Zinc values over 1%, copper values over 1% and silver values over 100 g/t are estimated by four acid digestion ICP-AES, OG62. Zinc values over 30% are estimated by potentiometric titration, ZN-VOL50. The Qualified Person has not completed sufficient work to verify the historic information on the Property, particularly in regards to historical drill results. However, the Qualified Person believes that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.

References and disclosures

Normétal historical Mine and Normetmar:
Summary Report, Normetmar Project, January 1988 by L. Boivin

*Metal Factor zinc equivalent formula: Zn_eq (%)* Core length
Zn_eq (%) = Zn(%) + [Cu(%) * Cu price (lb) / Zn price (lb)] + [Ag(%) * Ag price (oz) * 14,632 / Zn price (lb) ] + [Au(%) * Au price (oz) * 14.632 / Zn price (lb)]
Zn_eq % based on US$: 1.2$/lb Zn, $3.5/lb Cu, $25/oz Ag, $1800/oz Au.

The historical information on the Longitudinal have not been validated otherwise than with the information inside historical reports and cross sections. Exact location of historical drill hole pierce points on the longitudinal may be different.

The Company wishes to caution that historical resources described above are historical. The historic resources are relevant to give a ballpark estimate of the potential on the property. Historical resources should not be relied upon. The key assumptions, parameters and methods used to prepare the historical estimate is not known and thus the difference between the historic estimates and NI 43-101 compliant estimates is also not known. The historical estimates used categories other than the ones set up in sections 1.2 and 1.3 of National Instrument 43-101, Standards of Disclosure for Mineral Projects. A qualified person has not reviewed the historical estimates and has not done sufficient work to classify the historical estimates as current mineral resources and Starr Peak is not treating the historical estimates as current mineral resources under National Instrument 43-101 and CIM Standards for mineral resources and reserves. Further exploration work needs to be done to correctly evaluate these historical resources. Additionally, the methodology of calculation is unknown by the qualified person.

Grab samples are selective by nature and the values reported may not be representative of the mineralized zone.

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company's property.

On Behalf of the Board of Directors of Starr Peak Mining Ltd.,

"Johnathan More"

Johnathan More
Chairman and Chief Executive Officer

About Starr Peak Mining Ltd.

Starr Peak Mining Ltd. is a Canadian based mineral exploration company focused on the acquisition and exploration of precious and base metal mineral deposits. The primary objective of the Company is to acquire, explore and develop high potential and quality gold and base metal deposits and projects in the Americas. The Company is committed to create long term shareholder value through mineral discoveries.

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 the content of this news release.

No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold in the United States, or to, or for the account or benefit of, a "U.S. person" (as defined in Regulation S of the U.S. Securities Act) unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.

Cautionary Note Regarding Forward-Looking Information:

This press release contains forward-looking information based on current expectations, including the use of funds raised under the Offering. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, Starr Peak assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law.

Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to several factors and risks including various risk factors discussed in the Company's disclosure documents which can be found under the Company's profile on www.sedar.com.

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The TSXV has neither reviewed nor approved the contents of this press release.

Starr Peak Mining Ltd. (CNW Group/Starr Peak Mining Ltd.)

SOURCE Starr Peak Mining Ltd.


Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2021/02/c4436.html

[howestreetbull]

SKYG.v $SRKZF Sky Gold Provides Update on Drill Program on the Evening Star Property, Nevada
by @accesswire on 1 Nov 2021, 07:57
VANCOUVER, BC / ACCESSWIRE / November 1, 2021 / Sky Gold Corp. (TSXV:SKYG)(OTC PINK:SRKZF) ("Sky Gold Corp." or the "Company") is pleased to provide an update on diamond drilling activities on its Evening Star Property, located in Mineral County, Nevada.

The Company initiated a diamond drill program on the Evening Star property on July 27, 2021. One drill hole (ES-21-01) was completed to a depth of 256.3 meters (851 ft) at the Gold Bug target, where there are strong coincident geophysical (gravity and magnetic) anomalies (refer to press release March 17, 2021) interpreted to be related to silver-rich base-metal skarn and/or CRD mineralization. Assays are pending for hole ES-21-01. The drill program for Evening Star proposed 2,500 meters, designed in 12 to 15 holes with eight drill site areas permitted on the Gold Bug, Golden Eagle-Golden Bomber and Good Hope 2 targets. Regrettably, since August 23, 2021, drilling was suspended due to complications related to Covid-19.

Drilling has now resumed on the property at the Gold Bug target utilizing the same rig and drill contractor (Altar Drilling Inc. of Tucson, AZ). The Evening Star property is prospective for gold mineralization and CRD (Carbonate Replacement Deposit) base and precious (silver and gold) mineralization and is located 12 kilometers southeast of the town of Hawthorne. The property is north of, and contiguous to the Pamlico property, owned by Newrange Gold Corp.

Qualified Person

Sky Gold's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Garry Clark, P.Geo., who serves as a qualified person under the definition of National Instrument 43-101.

About Sky Gold Corp.

Sky Gold Corp. is a junior mineral exploration company engaged in acquiring and advancing mineral properties in Canada and the USA. The Company is active in Newfoundland on the Mustang and Virginia properties, which are located contiguous to New Found Gold Corp's Queensway project, where high-grade gold mineralization has been discovered, with the district being actively explored by numerous companies. The Company also owns the Evening Star property, located 12 km southeast of Hawthorne, NV, which is prospective for gold mineralization and CRD (Carbonate Replacement Deposit) base and precious (silver and gold) mineralization. The Company also owns the Imperial Project comprising two contiguous claim blocks (6,576 hectares) prospective for gold and VMS (volcanogenic massive sulphide) mineralization and covers 4.7 kilometres of the northern border with Amex Exploration's Perron property in Quebec, where high-grade gold has been intersected in three zones along a 3.2 km corridor.

ON BEHALF OF THE BOARD

"Mike England"
Mike England, CEO & Director

FOR FURTHER INFORMATION PLEASE CONTACT:

Tel. [phone]
Toll Free. 1-888-845-4770

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: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).

SOURCE: Sky Gold Corp.



View source version on accesswire.com:
https://www.accesswire.com/670567/Sky-Gold-Provides-Update-on-Drill-Program-on-the-Evening-Star-Property-Nevada

[howestreetbull]

ILI.v $ARXRF Nice weekly candle forming here +37.50% so far, volume increasing. https://schrts.co/GHSiAmSc

[howestreetbull]

GMG.v $GMGMF Midas Letter CEO Interview Graphene Manufacturing Group... Next Generation Batteries for Phones, Cars & Houses

[howestreetbull]

GMG.v $GMGFF GMG Commences Construction of Graphene Aluminium-Ion Battery Pilot Plant
by @newsfile on 26 Oct 2021, 02:00
Highlights:

Construction of the Pilot Battery Plant has commenced with commissioning expected in November, 2021.
The company has purchased additional equipment to manufacture G+AI Battery prototypes in pouch pack cell format in addition to coin cell format.
Commercial prototypes for coin cell and pouch pack batteries remain on target (see July 14, 2021 press release titled "GMG Announces In-House Battery Pilot Plant Investment").
GMG has secured a site for a new headquarters and Pilot Battery Plant facility.
Brisbane, Queensland--(Newsfile Corp. - October 26, 2021) - Graphene Manufacturing Group Ltd. (TSXV: GMG) (FSE: 0GF) ("GMG" or the "Company") is pleased to provide an update on the pilot production and testing plant (the "Pilot Battery Plant") for GMG's graphene aluminium-ion batteries ("G+IA Batteries") announced in the Company's news release dated July 14, 2021.

Construction of the Pilot Battery Plant has commenced with commissioning of the facility expected to begin in November, 2021. The Pilot Battery Plant will be located in a recently secured new headquarters and production facility in Brisbane.

Further, the Company has committed additional expenditures to allow the Pilot Battery Plant to produce pouch pack cell format batteries in addition to the previously announced coin cell format. This addition to the facility is intended to potentially accelerate the development of G+AI Battery pouch packs and allow early collaboration with some of GMG's major customer prospects and their specific requirements. Pouch pack cells are typically used in personal electronics such as cell phones, laptops, as well as in electric vehicles and grid storage batteries. Revenue from the Pilot Battery Plant is not expected to be significant.

Pilot production of a prototype coin cell battery is targeted before the end of 2021 and a pouch pack commercial prototype battery is targeted before the end of 2022. Subject to successful commercial prototypes and a final investment decision, GMG expects to construct an initial commercial coin cell G+AI Battery manufacturing facility, followed by first production and sales of G+AI Batteries. The location of this manufacturing facility is not yet decided but will likely be in Australia where GMG's headquarters and existing operations are located.

GMG's Managing Director and CEO, Craig Nicol, commented: "We are excited to shortly be able to develop, manufacture and test our own G+AI Battery coin cell and pouch packs in-house, in continued collaboration with the University of Queensland. This will allow us to potentially accelerate the development of our G+AI Batteries, work with our future customers and further build on our internal expertise. Our new headquarters in Brisbane, Australia, will enable GMG to have graphene manufacturing, graphene fluid blending, the G+AI Battery pilot plant as well as our global headquarters all under one roof which will greatly enhance our overall efficiency."

About GMG

GMG is an Australian based clean-tech company listed on the TSX Venture Exchange (TSXV: GMG) that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By using the Company's proprietary process, GMG can produce high quality, low cost, scalable, 'tuneable' and no/low contaminant graphene - enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this low input cost source of graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets.

The Company is also pursuing additional opportunities for GMG graphene, including developing next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance and energy efficiency of engine oils, biodiesel and diesel fuels.

For further information, please contact:
- Craig Nicol, Chief Executive Officer and Managing Director of the Company at [e-mail], [phone]
- Leo Karabelas at Focus Communications, [e-mail] , [phone]

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

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things: commissioning of the Pilot Battery Plant; the timing of development of a commercial prototype coin cell battery and a pouch pack commercial prototype battery; and the construction of an initial commercial coin cell G+AI Battery manufacturing facility.

These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to the deployment of the Company's resources, including its personnel, and the intention of the Company to research, develop and produce certain products.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the Company's ability to research, develop and test its products within anticipated timelines, and that results of testing and development data will be consistent with anticipated results and estimates.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements 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 statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100819