Ecuador Resources

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Salazar Comments on New Ecuadorian Mining Inspection Fee

https://www.newsfilecorp.com/release/256080/Salazar-Comments-on-New-Ecuadorian-Mining-Inspection-Fee

June 19, 2025 6:45 AM EDT | Source: Salazar Resources Limited

Vancouver, British Columbia--(Newsfile Corp. - June 19, 2025) - SALAZAR RESOURCES LIMITED (TSXV: SRL) (OTCQX: SRLZF) (FSE: CCG.F) ("Salazar" or the "Company") comments on the new mining inspection fee being implemented by the Ecuadorian Control and Regulation Agency ("ARCOM"). The stated objective of this fee is to strengthen oversight and combat illegal mining activities. This fee is to be applied to all mining operations, except for artisanal mining, with the aim of generating funds to support enforcement efforts.

As presented, the proposed fee would require the Company to pay approximately US$332,000 for its current concessions, of which US$47,000 is due in June 2025 and US$285,000 is due in January 2026. A significantly higher fee will be incurred on the completion of the purchase of exploration properties from Silvercorp Metals Inc (see news release December 23, 2024), or on any new licences granted to Salazar. The payments envisaged by the ARCOM decree are not supportable and represent approximately ten times the amount the Company pays for its annual concession fees in Ecuador.

The Company is collaborating with various chambers and associations in the Ecuadorian mining sector and all other mining/exploration companies in Ecuador, to ensure that relevant authorities understand the damage that this fee will do to the Ecuadorian Mining Industry and to the reputation of the Country as an investment destination. The ARCOM resolution places an unsustainable cost burden on companies operating within the sector and undermines confidence in Ecuador's regulatory consistency and commitment to mining development.

The Company has reached out to the Ecuadorian Government at the highest levels and will continue in discussions with the Mining Chamber of Ecuador and the Company's respective legal counsels as joint industry efforts are taking place to rescind this regulation. The Company will assess options for further courses of action.

Said Mr. Fredy Salazar, CEO, "While the Company applauds the government's efforts to strengthen supervision of mining activities to ensure criminal elements are eliminated from the sector, this new fee is not a good solution. The ruling will make it impossible to stake and hold large land holdings on which to conduct exploration and find the next generation of mineral deposits. Exploration is an essential part of a successful mining industry, and the new fee structure will stop most exploration in Ecuador and furthermore it will worsen the international reputation of the Country. We are in discussions with the government to ensure that it is aware of the unintended consequences of this ill-conceived ruling."

About Salazar
Salazar Resources Limited is focused on creating value and positive change through discovery, exploration, and development in Ecuador. The team has an unrivalled understanding of the geology in-country and has played an integral role in the discovery of many of the major projects in Ecuador, including the two newest operating gold and copper mines. Salazar Resources has a wholly owned pipeline of copper-gold exploration projects across Ecuador with a strategy to make another commercial discovery and farm-out non-core assets. The Company actively engages with Ecuadorian communities and together with the Salazar family it co-founded The Salazar Foundation, an independent non-profit organization dedicated to sustainable progress through economic development. At its maiden discovery, Curipamba, Salazar Resources has a 25% stake fully carried through to production. The Company is in the process of acquiring 100% of two copper-gold porphyry projects, Pijili and Santiago.

For further information from Salazar Resources, please contact Nick DeMare, Director, at ndemare @Piranha-9316. Please also visit the Salazar Resources website at www.salazarresources.com.

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

SOURCE: Salazar Resources Limited

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Lumina Gold Announces Securityholder Approval of Acquisition by CMOC

https://www.newswire.ca/news-releases/lumina-gold-announces-securityholder-approval-of-acquisition-by-cmoc-868329816.html

News provided by Lumina Gold Corp. Jun 16, 2025, 20:42 ET

VANCOUVER, BC, June 16, 2025 /CNW/ - Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF

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SolGold Announces Environmental Licence Granted for Porvenir Project

Announces Environmental Licence Granted for Advanced Exploration Phase at Porvenir Project

Environmental Licencesecured following completion of the Environmental Impact Study and public consultation process

Preliminary Economic Assessment underway, aiming to demonstrate scale and economic upside of the Cacharposa copper-gold deposit and will include results from recent c.2,600m of drilling as well as potential additional drilling, updates to market assumptions, and re-examined mining approaches

Given the significant potential scale of Porvenir, strategic options for the asset are under evaluation as the cornerstone asset of SolGold's ExploreCo strategy

https://www.accessnewswire.com/newsroom/en/metals-and-mining/solgold-plc-announces-environmental-licence-granted-for-porvenir-project-1026403

Monday, 12 May 2025 03:10 AM

BISHOPSGATE, LONDON / ACCESS Newswire / May 12, 2025 / SolGold (LSE:SOLG)(TSX:SOLG

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Silvercorp Announces Updated Mineral Resource Estimate for its Condor Project, located in the Zamora Chinchipe Province of Ecuador

https://www.newswire.ca/news-releases/silvercorp-announces-updated-mineral-resource-estimate-for-its-condor-project-located-in-the-zamora-chinchipe-province-of-ecuador-868115270.html

News provided by Silvercorp Metals Inc. May 12, 2025, 08:00 ET

Trading Symbol: TSX/NYSE American: SVM

VANCOUVER, BC, May 12, 2025 /CNW/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM)

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LUNDIN GOLD REPORTS FIRST QUARTER 2025 RESULTS

Strong production and high gold prices result in increased shareholder dividends

https://www.newswire.ca/news-releases/lundin-gold-reports-first-quarter-2025-results-834003191.html

News provided by Lundin Gold Inc. May 08, 2025, 19:30 ET

VANCOUVER, BC, May 8, 2025 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF)

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LUNDIN GOLD REPORTS STRONG EXPLORATION RESULTS ACROSS PORTFOLIO OF TARGETS AND EXPANDS 2025 DRILLING PROGRAM TO 108,000 METRES

https://www.newswire.ca/news-releases/lundin-gold-reports-strong-exploration-results-across-portfolio-of-targets-and-expands-2025-drilling-program-to-108-000-metres-839833852.html

News provided by Lundin Gold Inc. May 07, 2025, 18:00 ET

VANCOUVER, BC, May 7, 2025 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF)

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Silvercorp Announces the Construction Plan and Schedule for the Development of the El Domo Project

https://www.newswire.ca/news-releases/silvercorp-announces-the-construction-plan-and-schedule-for-the-development-of-the-el-domo-project-873032314.html

News provided by Silvercorp Metals Inc. Apr 23, 2025, 08:00 ET

Trading Symbol: TSX/NYSE American: SVM

VANCOUVER, BC, April 23, 2025 /CNW/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM)

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Solaris completes Warintza drilling campaign and advances key de-risking milestones ahead of major near-term value catalysts

HIGHLIGHTS:

Solaris completes significant drilling campaign at its flagship Warintza project
82,000 metres of infill drilling
Updated Mineral Resource Estimate targeted for Q3 2025
Step-out field exploration activities are ongoing

Technical approval of the Environmental Impact Assessment on target for mid-2025

Pre-Feasibility Study on target for publication in Q3 2025

Re-election of President Daniel Noboa provides political stability, reinforcing the supportive policy environment


https://www.globenewswire.com/news-release/2025/04/22/3065331/0/en/Solaris-completes-Warintza-drilling-campaign-and-advances-key-de-risking-milestones-ahead-of-major-near-term-value-catalysts.html

April 22, 2025 07:00 ET | Source: Solaris Resources

QUITO, Ecuador, April 22, 2025 (GLOBE NEWSWIRE) -- Solaris Resources Inc. (“Solaris” or the “Company”) (TSX: SLS; NYSE: SLSR) is pleased to announce the completion of a significant drilling campaign at its flagship Warintza Project in southeastern Ecuador, alongside key developments that continue to strategically de-risk and enhance the value of this globally significant copper asset.

Between January 2024 and February 2025, Solaris completed over 82,000 metres of infill drilling, positioning the Company to upgrade a substantial portion of Inferred Resources to the Measured and Indicated categories. An updated Mineral Resource Estimate (MRE), targeted for Q3 2025, will incorporate this data, adding precision and confidence ahead of economic studies and advancing the Warintza Project toward development. The drilling campaign also included more than 15,000 metres of geotechnical, hydrogeological and metallurgical holes that will support the technical studies for the project.

To date, Solaris has drilled over 200,000 metres across the Warintza Central and East porphyry systems. This extensive dataset supports a highly flexible, staged mine plan underpinned by near-surface mineralization, which is expected to materially reduce initial capital requirements. In parallel, improved geological insights have provided an understanding of the highly competitive overburden to ore profiling over the mine life.

As Warintza evolves into a near term, tier-one, multigenerational copper project, Solaris is simultaneously unlocking value across its broader 100%-owned land package of over 260 km², which contains several high-priority regional targets. Step-out field exploration activities are ongoing.

On the infrastructure front, Solaris has now completed 20 kilometres of internal road access, enabling year-round vehicular reach to all project areas. This significantly accelerates the timelines and reduces cost during the construction phase, a key advantage as the Company transitions into development readiness.

The recent re-election of President Daniel Noboa provides political stability, reinforcing the supportive policy environment that has enabled Solaris to maintain progress on permitting and stakeholder engagement. The Company is advancing the technical review of the Environmental Impact Assessment (EIA) in collaboration with Ecuador’s Ministries of Environment and Mines, with approval on target for mid-2025.

In parallel, Solaris is advancing its Pre-Feasibility Study (PFS), led by Ausenco and Knight Piésold, with completion targeted for Q3 2025. Work will then transition into the Bankable Feasibility Study, further underpinning a fully optimized and financeable development plan.

Solaris remains committed to its participatory mining model, fostering strong local partnerships and social license while building long-term value for all stakeholders. With sustained progress across technical, environmental, and social fronts, the Company is on track to deliver a Final Investment Decision (FID) by year-end 2026, a pivotal milestone aligned with a robust global copper market outlook.

Matthew Rowlinson, President and CEO commented, “Ecuador’s future is filled with promise, and we look forward to working hand-in-hand with the new government to unlock the full potential of the Warintza Copper Project, a unique, global-scale, tier 1, multigenerational asset, for Ecuador, by Ecuador.

“Warintza stands as a symbol of what sustainable and responsible development can achieve. Our commitment to operating with integrity, empowering local communities, and creating lasting value for all stakeholders remains at the core of everything we do.

“We are excited for what lies ahead and proud to support Ecuador’s journey toward a bright and prosperous future.”

On behalf of the Board of Solaris Resources Inc.

“Matthew Rowlinson”
President & CEO, Director

For Further Information

Patrick Chambers, VP Investor Relations
Email: [e-mail]

About Solaris Resources Inc.

Solaris is a copper-gold exploration and development company, committed to a sustainable future by empowering communities and stakeholders through our dedication to participatory and responsible mining. The Warintza Project, a large copper-gold porphyry deposit, is a unique, global scale and multigenerational asset located in the low capital intensity district of southeast Ecuador. The Company also owns a series of grassroot exploration projects with discovery potential in Peru and Chile and a 60% interest in the La Verde joint-venture project with a subsidiary of Teck Resources in Mexico.

Cautionary Notes and Forward-looking Statements

This document contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of the words “will” and “expected” and similar expressions are intended to identify forward-looking statements. These statements include statements regarding the Company’s future growth or value, and expectations regarding the performance and focus of the new management team and Board of Directors; the terms of the private placement; the ability of the Company to satisfy regulatory, stock exchange and commercial closing conditions of the private placement; and the timing, benefits, structure and completion of the proposed emigration. Although Solaris believes that the expectations reflected in such forward-looking statements and/or information are reasonable, readers are cautioned that actual results may vary from the forward-looking statements. The Company has based these forward-looking statements and information on the Company’s current expectations and assumptions about future events including assumptions regarding the exploration and regional programs. These statements also involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in the Solaris Management’s Discussion and Analysis, for the year ended December 31, 2023 available at www.sedarplus.ca. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and Solaris does not undertake any obligation to publicly update or revise any of these forward-looking statements except as may be required by applicable securities laws.

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Lumina Gold Announces Acquisition by CMOC for C$581 Million

https://www.newswire.ca/news-releases/lumina-gold-announces-acquisition-by-cmoc-for-c-581-million-837670199.html

News provided by Lumina Gold Corp. Apr 21, 2025, 09:04 ET

VANCOUVER, BC, April 21, 2025 /CNW/ - Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF) (the "Company" or "Lumina") and CMOC Singapore Pte. Ltd., a Singapore entity and a subsidiary of CMOC Group Limited (collectively "CMOC"), both of which are arm's length to the Company, are pleased to announce that they have entered into an arrangement agreement (the "Arrangement Agreement"), pursuant to which CMOC will acquire all of the issued and outstanding common shares of Lumina (the "Lumina Shares"), in exchange for C$1.27 per Lumina Share (the "Consideration") in an all-cash transaction by way of a plan of arrangement (the "Transaction"). The Consideration represents total equity value of approximately C$581 million on a fully diluted basis.

The Consideration represents a premium of approximately 71% to Lumina's 20-day volume weighted average trading price ("VWAP"), and a premium of approximately 41% to Lumina's closing price as at April 17, 2025, on the TSX Venture Exchange (the "TSXV"). Further details of the Transaction are outlined below.

As part of the Transaction, Lumina shareholders representing 52.3% of the issued and outstanding Lumina Shares have signed voting support agreements, pursuant to which they have agreed, among other things, to vote their Lumina Shares, Lumina stock options ("Lumina Options") and restricted share units ("Lumina RSUs"), as applicable, in favour of the Transaction.

Marshall Koval, CEO of Lumina, commented: "After advancing the Cangrejos project for over 10-years and taking it from no defined resources to being poised to be one of the largest gold projects globally, the Lumina Group is excited for the transition of the Cangrejos project to CMOC. The Lumina team looks forward to working with CMOC and all existing stakeholders to ensure the successful future development of the project."

Benefits to Lumina Shareholders

Immediate and significant premium of approximately 71% and 41% to the 20-day VWAP and the closing price, respectively
All-cash offer that is not subject to a financing condition, providing certainty of value and immediate liquidity
Highly credible and capable counterparty with track record of successful M&A
Concurrent interim financing for Lumina of US$20 million to fund ongoing needs at the Cangrejos project
Removes future dilution, commodity and execution risk

Concurrent Convertible Note Financing

Concurrent with entering into the Arrangement Agreement, CMOC has entered into a subscription agreement with Lumina for the issuance of an aggregate principal amount of US$20 million convertible notes (the "Convertible Notes"). The Convertible Notes will be unsecured with an annual interest rate of 6.0% and mature April 21, 2026, subject to acceleration in certain circumstances. Pursuant to the terms of the Arrangement Agreement and the Convertible Notes, Lumina is to use the proceeds of the private placement for the purpose of funding expenditures related to the Arrangement Agreement in accordance with an agreed upon work program and budget. The Convertible Notes, at the option of CMOC, are convertible into Lumina Shares at a price of C$1.00 per Lumina Share, representing a premium of approximately 11% to the closing price of the Lumina Shares and of approximately 34% to the 20-day VWAP of the Lumina Shares on the TSXV as at April 17, 2025.

The private placement is expected to close on or about April 30, 2025, and is not conditional on the closing of the Transaction. The private placement is subject to acceptance by the TSXV, including Lumina fulfilling the requirements of the TSXV. The Convertible Notes will be subject to a four month and one day hold period, pursuant to securities laws in Canada. The Convertible Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any applicable securities laws of any state of the United States and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities of Lumina, nor shall there be any offer or sale of any securities of Lumina in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Transaction Terms

Pursuant to the terms and conditions of the Arrangement Agreement, signed on April 21, 2025, the holders of the issued and outstanding Lumina Shares will receive the Consideration. The Transaction will be carried out by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia).

The Arrangement Agreement contains customary reciprocal deal-protection provisions including a non-solicitation covenant and a "fiduciary out" that would allow Lumina to accept a superior proposal as defined in the Arrangement Agreement, subject to a right for CMOC to match any superior proposal. Under certain circumstances, CMOC would be entitled to a termination fee of C$23,280,000. The Arrangement Agreement also includes an expense reimbursement in the amount of C$2,771,400, payable by CMOC to Lumina in certain other specified circumstances.

Pursuant to the Arrangement Agreement, all outstanding Lumina Options and Lumina RSUs which remain outstanding at the effective time of the Transaction will be deemed to be exercised or settled for their in-the-money value, net of withholding taxes, as applicable, under the arrangement for Lumina Shares, which will be exchanged for the Consideration.

Complete details of the Transaction will be included in a management information circular to be delivered to Lumina securityholders in the coming weeks.

Conditions to Completion

The completion of the Transaction is subject to a number of terms and conditions, including without limitation the following: (a) approval of the Lumina securityholders, as described below; (b) acceptance by the TSXV; (c) approval of the British Columbia Supreme Court; (d) there being no material adverse changes in respect of Lumina; and (e) other standard conditions of closing for a transaction of this nature. There can be no assurance that all of the necessary approvals will be obtained or that all conditions of closing will be satisfied.

The Transaction is subject to the approval at a special meeting of Lumina securityholders by (i) 66 2/3 percent of the votes cast by Lumina ?shareholders, (ii) ??66 2/3 percent of the votes cast by Lumina shareholders, optionholders and holders of Lumina RSUs, voting together as a single class, and (iii) if required, a simple majority of the votes cast by the Lumina shareholders, excluding the votes cast by certain persons as required by MI 61-101 Protection of Minority Securityholders in Special Transactions.

Transaction Timeline

Pursuant to the Arrangement Agreement and subject to satisfying all necessary conditions and receipt of all required approvals, the parties anticipate completion of the Transaction in the third quarter of 2025. Following completion of the Transaction, the Lumina Shares will be de-listed from the TSXV and Lumina will cease to be a reporting issuer under Canadian securities laws.

Recommendations by the Board of Directors and Fairness Opinion

After consultation with its financial and legal advisors, and following the unanimous recommendation of a special committee of independent directors (the "Special Committee"), the board of directors of Lumina (the "Lumina Board") unanimously determined the Transaction is fair to Lumina shareholders, is in the best interest of Lumina and approved the entering into of the Transaction. The Lumina Board recommends that Lumina securityholders VOTE IN FAVOUR of the Transaction. RBC Capital Markets Inc. provided a fairness opinion to the Lumina Board, stating that, as of the date of such opinion and based upon and subject to the assumptions, limitations and qualifications stated in such opinion, the Consideration to be received by Lumina shareholders under the Transaction is fair, from a financial point of view, to such Lumina shareholders.

Advisors and Counsel

Moelis & Company LLC is acting as financial advisor to Lumina. RBC Capital Markets has provided a fairness opinion to the Lumina Board. Borden Ladner Gervais LLP, Skadden Arps Slate Meagher & Flom LLP, and Tobar ZVS are acting as legal counsel to Lumina in Canada, the U.S. and Ecuador, respectively.

BMO Capital Markets is acting as financial advisor to CMOC. McCarthy Tétrault LLP, Bustamante Fabara S.A.S. and Flor Bustamante Pizarro & Hurtado are acting as legal counsel to CMOC in Canada and Ecuador, respectively. PricewaterhouseCoopers LLP is acting as tax advisor to CMOC.

About Lumina Gold

Lumina Gold Corp. (TSXV: LUM) is a Vancouver, Canada based development company focused on the Cangrejos project located in El Oro Province, southwest Ecuador. In 2023, the Company completed a Pre-Feasibility Study for the Project, which is the largest primary gold deposit in Ecuador. Lumina has an experienced management team with a successful track record of advancing and monetizing exploration projects.

Follow us on: Twitter, LinkedIn or Facebook.

Further details are available on the Company's website at https://luminagold.com. To receive future news releases please sign up at https://luminagold.com/contact.

LUMINA GOLD CORP.

Signed: "Marshall Koval"

Marshall Koval, President & CEO, Director

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.

Cautionary Note Regarding Forward-Looking Information

Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to: transitioning the development of the Cangrejos project to CMOC; the successful development of the Cangrejos project; TSXV approval of the private placement of the Convertible Notes; the expected closing of the private placement of the Convertible Notes; the anticipated use of proceeds to be raised from the private placement of the Convertible Notes; completion of the terms and conditions of the Transaction; receipt of Lumina shareholder and court approval of the Transaction; and the expected closing date of the Transaction. Often, but not always, forward-looking statements or information can be identified by the use of words such as "will" or "projected" or variations of those words or statements that certain actions, events or results "will", "could", "are proposed to", "are planned to", "are expected to" or "are anticipated to" be taken, occur or be achieved.

With respect to forward-looking statements and information contained herein, the Company has made numerous assumptions including among other things, assumptions about general business and economic conditions, metals prices, the timely receipt of necessary approvals, the Company's ability to comply with the terms and conditions of the Arrangement Agreement, no unplanned delays or interruptions, and expected Ecuador national, provincial and local government policies. The foregoing list of assumptions is not exhaustive.

Although management of the Company believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that a forward-looking statement or information herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These factors include, but are not limited to: risks associated with the business of the Company; business and economic conditions in the mining industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks relating to inaccurate geological and engineering assumptions (including with respect to the tonnage, grade and recoverability of reserves and resources); risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters); risks relating to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; and other risk factors as detailed from time to time in the Company's continuous disclosure documents filed with Canadian securities administrators. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

SOURCE Lumina Gold Corp.

For further information contact: Scott Hicks, [e-mail], T: [phone]

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SolGold Early Production Open Pit Strateg

https://www.accessnewswire.com/newsroom/en/metals-and-mining/solgold-plc-solgold-early-production-open-pit-strategy-1014962

Tuesday, 15 April 2025 10:40 AM

BISHOPSGATE, LONDON / ACCESS Newswire / April 15, 2025 / SolGold plc ("SolGold" or "the Company") (LSE:SOLG)(TSX:SOLG) announces that as part of SolGold's previously announced re-set strategy it is investigating options for early production from open-pit and sub-level caving opportunities in and around Cascabel.

The map below (Figure 1) shows SolGold's nearby targets around the Alpala deposit. The Tandayama deposit is one of a few deposits that has the potential to significantly de-risk the project in the early years ahead of full production at the Alpala deposit. The intention over the coming years, in parallel with completing a detailed feasibility study is to ensure that the potential of nearby tenements, Aguinaga and Blanca Nieves are assessed and understood.

Figure 1. Map of SolGold's tenement portfolio around the Alpala deposit.


Tandayama Drilling Program

As a first step in the plan, the Company has resolved to conduct a targeted drill program of 5,400 metres over 11 priority holes and up to 15 holes in total, which is budgeted at US$3.25m on the Tandayama resource area.

The program is expected to commence in early May 2025, utilising three drilling rigs to establish resources in the measured and indicated categories, define limits to near surface mineralisation, and test for open pittable at or near surface resources on which expedited open pit mining activities may be commenced. The program is expected to take approximately three months with assay results available a month later.

The program will entail:

(A) Setting two rigs for 6 priority holes on the southern pit 1 (Figures 2 and 3);

(B) Locating one rig on pit 2 in the north, to drill 4 priority holes to test the mineralisation, which is open to the north, west and northwest. Then, 6 more holes to follow to complete pit 2 (Figures 2 and 3); and

(C) Two holes are planned for the zone between pits 1 and 2, where is some speculation that the mineralised zone may join between pits 1 and 2 (Figures 2 and 3).

Figure 2. Map of the deposit showing the block model, pit 1 and pit 2, and planned holes.


Figure 3. Section of the Tandayama America deposit showing the block model, pit 1 and pit 2, and planned holes.


Chief Executive Officer, Dan Vujcic commented:

"The Tandayama drilling plan is part of SolGold's intention of improving the Cascabel development plan. The ability to bring forward production greatly enhances the financeability and thereby value of the project, especially in the new metal price environment. SolGold is working closely with study manager G Mining Services on various trade off studies to potentially expedite the Cascabel project, particularly in the areas of tails and waste rock management, power supply and improving underground access, mining and milling efficiencies and metallurgical recoveries."

CONTACTS

Dan Vujcic

Chief Executive Officer

Tel: [phone]

ABOUT SOLGOLD

SolGold is a leading resources company focused on the discovery, definition and development of world-class copper and gold deposits and continues to strive to deliver objectives efficiently and in the interests of shareholders.

SolGold completed and released a staged development plan Pre Feasibility Study on 16 February 2024. The study, completed at US$1750/oz gold, US$3.85/lb copper and US$22.50/oz for silver delivered an NPV (based on a discount rate of 8%) of US$3.22bn on a capex of US$1.55bn for an initial 12 Mtpa underground block caving operation. The evaluation also showed an after-tax IRR of 24% and a first 10-years free cash flow generation of US$7.1bn. The PFS assessed Mineral Reserves 539.7Mt tonnes which represents only 18% of the total resource over an initial 28-year project life.

On 15 July 2024, SolGold announced a gold stream agreement with Franco Nevada and Osisko Royalties (the "Streamers") pursuant to which the Streamers would pay US$100m as pre development funding in three tranches conditional on achieving various technical and permitting milestones. The first US$33.3m was received on signing. A further US$650m contribution to development expenditure will be provided on completion of the feasibility study, permitting and financing, subject to CPs, acceptable financing packages for the balance funding required. SolGold has agreed in consideration for this funding a life of mine stream priced at 20% of the spot gold price at the time for 20% of gold production for the first 10 years and 12% thereafter. The stream represents approximately 5% of total revenue for the project and provides some 42% of currently estimated capital development costs. SolGold retains change of control buyback options on the stream to the extent of 50% within 3 years and 33 1/3 % for a further two years.

SolGold continues to advance de-risking programs, permitting and financing discussions and to reevaluate the project at recent consensus prices for copper and gold.

On 28 October 2024, SolGold appointed G-Mining Services to be the Project Manager for the Feasibility Study.

The Company operates with transparency and in accordance with international best practices. SolGold is committed to delivering value to its shareholders while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace, and minimizing environmental impact.

SolGold is listed on the London Stock Exchange and Toronto Stock Exchange (LSE/TSX: SOLG).

See www.solgold.com.au for more information. Follow us on X @SolGold_plc.

Qualified Person

The scientific and technical disclosure included in this news release has been reviewed and approved by Mr Santiago Vaca (M.Sc. P.Geo.), Chief Geologist for the Cascabel project, a Qualified Person as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

The basis for the scientific and technical information included in this news release is a technical report dated 8 March 2024 and titled "NI 43-101 Technical Report on Pre-feasibility Study for the Cascabel Project, Imbabura Province, Ecuador" (the "PFS Technical Report"), which can be found on the Company's website at https://solgold.com.au/projects/ecuador/cascabel-project/ and on SEDAR+ under the Company's issuer profile at www.sedarplus.ca. Readers are encouraged to read the PFS Technical Report in its entirety. The PFS Technical Report is intended to be read as a whole, and sections should not be read or relied upon out of context.

CAUTIONARY NOTICE

News releases, presentations and public commentary made by SolGold plc (the "Company") and its Officers may contain certain statements and expressions of belief, expectation or opinion which are forward looking statements, and which relate, inter alia, to interpretations of exploration results to date and the Company's proposed strategy, plans and objectives or to the expectations or intentions of the Company's Directors, including the plan for developing the Project currently being studied as well as the expectations of the Company as to the forward price of copper. Such forward-looking and interpretative statements involve known and unknown risks, uncertainties, and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such interpretations and forward-looking statements.

Accordingly, the reader should not rely on any interpretations or forward-looking statements, and save as required by the exchange rules of the TSX and LSE or by applicable laws, the Company does not accept any obligation to disseminate any updates or revisions to such interpretations or forward-looking statements. The Company may reinterpret results to date as the status of its assets and projects changes with time expenditure, metals prices and other affecting circumstances.

This release may contain "forward looking information". Forward looking information includes, but is not limited to, statements regarding the Company's plans for developing its properties. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".

Forward looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward looking information, including but not limited to: transaction risks; general business, economic, competitive, political and social uncertainties; future prices of mineral prices; accidents, labour disputes and shortages and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, risks relating to the ability of exploration activities (including assay results) to accurately predict mineralization; errors in management's geological modelling and/or mine development plan; capital and operating costs varying significantly from estimates; the preliminary nature of visual assessments; delays in obtaining or failures to obtain required governmental, environmental or other required approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; the global economic climate; fluctuations in commodity prices; the ability of the Company to complete further exploration activities, including drilling; delays in the development of projects; environmental risks; community and non-governmental actions; other risks involved in the mineral exploration and development industry; the ability of the Company to retain its key management employees and skilled and experienced personnel; and those risks set out in the Company's public documents filed on SEDAR+ at www.sedarplus.ca. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

The Company and its officers do not endorse, or reject or otherwise comment on the conclusions, interpretations or views expressed in press articles or third-party analysis.

SolGold plc UK Company No. 5449516 ARBN 117 169 856 Email:[e-mail] Website: www.solgold.com.au

Corporate Postal Office: PO Box 7059, Cloisters Square PO, Perth, WA 6850 Australia

Registered office: 1 Cornhill, London, EC3V 3ND, UK Phone: [phone]

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

SOURCE: SolGold PLC

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LUNDIN GOLD REPORTS Q1 2025 PRODUCTION OF 117,313 OUNCES OF GOLD

https://www.newswire.ca/news-releases/lundin-gold-reports-q1-2025-production-of-117-313-ounces-of-gold-885210017.html

News provided by Lundin Gold Inc. Apr 10, 2025, 17:00 ET

VANCOUVER, BC, April 10, 2025 /CNW/ - Lundin Gold Inc. (TSX: LUG; Nasdaq Stockholm: LUG; OTCQX: LUGDF)

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Dynacor Enters into Non-Binding Letter of Intent Offer to Acquire Processing Plant and Assets in Ecuador

https://www.businesswire.com/news/home/20250331888060/en/Dynacor-Enters-into-Non-Binding-Letter-of-Intent-Offer-to-Acquire-Processing-Plant-and-Assets-in-Ecuador

MONTREAL--(BUSINESS WIRE)--Dynacor Group Inc. (TSX: DNG) (“Dynacor” or the "Corporation"), is pleased to announce that it has executed a conditional letter of offer and indicative terms (“The Offer”) with Pelorus Minerals Limited, a wholly owned subsidiary of Arkham Metals Limited Australia, to acquire 100% of the shares of Arkham Metals SAS (Ecuador) (“The Assets”) for a purchase price of $9.75 million. All amounts are in US dollars unless otherwise specified.

The Offer is subject to a due diligence review and final approval from Dynacor’s Board of Directors.

Background

The Assets consist of a permitted carbon-in-pulp processing plant, situated on a 36.5-hectare land concession in Portovelo, El Oro in southern Ecuador and with permitting for up to 1,500 tpd.

Starting over a year ago, the Corporation has carried out multiple visits, an in-house technical evaluation and mandated an external audit by an engineering consultancy firm. Dynacor believes that The Assets offer significant potential to enhance its global operational capacity and support its strategic plan goal of producing 500,000 AuEq ounces and $1 billion in sales by 2030.

Dynacor estimates refurbishing costs of between $6 to $8 million to bring the plant into operation and an initial $8 million in ore inventory for plant start-up. The Corporation expects initial production from a 300-350 tpd processing plant as of 12 months from closing of the transaction.

In sum, Dynacor estimates $25 million in total project costs over the coming 12 months, comprising capex, plant refurbishing and working capital investment. The Corporation recently closed a $22.1 million financing (CA$31.6 million), with proceeds to be used for business opportunities in other jurisdictions and working capital.

Highlights of The Offer

Purchase price of $9.75 million is less any dollar value of net liability included in The Assets’ financial statements and is conditional on Dynacor’s full satisfaction with respect to legal, environmental, technical, financial and fiscal due diligence and to final approval from the Dynacor Board of Directors.
Purchase assets include the non-operating processing plant and all assets and necessary permits to pursue operation of the plant under the following settlement conditions:
A non-refundable $0.15 million exclusivity payment to be completed upon execution of the letter.
A balance cash payment of $9.45 million will be due at the final settlement date following the closing of the proposed transaction.
An amount of $0.15 million will be withheld by the purchaser at the final settlement date following the closing and for a period of 60 days to cover any additional liabilities or unforeseen expenses discovered in the due diligence process.
The purchase price is not conditional on any financing.

About Dynacor

Dynacor Group is an industrial ore processing company dedicated to producing gold sourced from artisanal miners. Since its establishment in 1996, Dynacor has pioneered a responsible mineral supply chain with stringent traceability and audit standards for the fast-growing artisanal mining industry. By focusing on fully and part-formalized miners, the Canadian company offers a win-win approach for governments and miners globally. Dynacor operates the Veta Dorada plant and owns a gold exploration property in Peru. The company plans to expand to West Africa and within Latin America.

The premium paid by luxury jewellers for Dynacor’s PX Impact® gold goes to Fidamar Foundation, an NGO that mainly invests in health and education projects for artisanal mining communities in Peru. Visit www.dynacor.com for more information.

Forward-Looking Information

Certain statements in the preceding may constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of Dynacor, or industry results, to be materially different from any future result, performance or achievement expressed or implied by such forward-looking statements. These statements reflect management’s current expectations regarding future events and operating performance as of the date of this news release.

Contacts
For more information, please contact:

Ruth Hanna
Director, Investor Relations
T: 514-393-9000 #236
E: [e-mail]
Website: http://www.dynacor.com

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Lundin Gold Extends High-Grade Gold at FDN South, Expands Potential at FDN East and Discovers New Copper-Gold Mineralization at Trancaloma Target

https://www.newswire.ca/news-releases/lundin-gold-extends-high-grade-gold-at-fdn-south-expands-potential-at-fdn-east-and-discovers-new-copper-gold-mineralization-at-trancaloma-target-895711308.html

News provided by Lundin Gold Inc. Feb 23, 2025, 13:00 ET

VANCOUVER' BC, Feb. 23, 2025 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGD

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LUNDIN GOLD REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS

Record annual production, cash generation and increased dividend

https://www.newswire.ca/news-releases/lundin-gold-reports-fourth-quarter-and-full-year-2024-results-866864853.html

News provided by Lundin Gold Inc. Feb 20, 2025, 19:30 ET

VANCOUVER, BC, Feb. 20, 2025 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) (

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Aurania Reports Initial Findings From IP Survey at Kuri-Yawi

https://www.newsfilecorp.com/release/241623/Aurania-Reports-Initial-Findings-From-IP-Survey-at-KuriYawi

February 20, 2025 7:08 AM EST | Source: Aurania Resources Ltd.

Toronto, Ontario--(Newsfile Corp. - February 20, 2025) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) ("Aurania" or the "Company") reports that the induced polarization (IP) geophysical survey has provided invaluable information that will assist in defining the location of future drill holes at the Kuri-Yawi gold target in Ecuador. Kuri-Yawi is a geochemical anomaly with enrichments in epithermal pathfinder elements. In addition, large pieces of siliceous sinter in float were recovered from the grid signifying the presence of an extinct geothermal system. The Fruta del Norte gold deposit some 100 km to the south lies beneath a siliceous sinter unit.

The IP survey detected conductive and chargeability anomalies at the Kuri-Yawi epithermal gold target. Chargeability (or induced polarization) is a measure of the ability of the rock to temporarily retain an induced electrical charge, usually due to disseminated sulphides

Our geologists are now working to interpret the IP survey results in relation to and compared to existing field data and data from the previous Mobile MagnetoTellurics (MobileMT) airborne survey to define optimal drill hole positions. A start date for a proposed drill program at Kuri-Yawi has not yet been determined.

The IP survey at Kuri-Yawi was conducted by GexplOre in late 2024 using the Fullwaver system (from Iris Instruments). The Fullwaver is a distributed acquisition system with each system being fully independent of the other. This drastically reduces the need for cables making it optimal for challenging terrain.

Two different methods were deployed during the geophysical survey:

Pseudo-3D profiling using 2D DC electrical methods in Pole-dipole configuration with simultaneous measurement of apparent resistivity (?a) and induced polarization (IP) along eleven profiles, each of 2700 m length; and

3D DC electrical methods over a selected area with simultaneous measurement of apparent resistivity (?a) and induced polarization (IP) along two grids (0.6 km²).

The collected data was processed and inverted to generate a 3D model of the ground's resistivity and chargeability.

Resistivity and Conductivity

The resistivity results highlight the different lithologic units with a conductive sedimentary unit to the east and a resistive volcanic unit overlying another conductive unit at depth that could correspond to an alternation of black shale, limestone and volcanic tuff. These facies are known further to the north and are suspected to be a good trap for gold mineralisation. The conductive unit at surface may correspond to the tropically weathered clay level.

In the southeastern area, conductive vertical structures are locally present and remain relatively consistently sub-perpendicular along the lines, forming a large vertical conductive corridor. The direction of this corridor is similar to the direction of the chalcedony veins with high grade thallium that was discovered while walking the cut lines on the survey grid.



Fig 1: Resistivity and conductivity image of the Kuri-Yawi target to the south (red is conductive and blue is resistive).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2477/241623_d76b98eaa4dc1bb5_001full.jpg

Chargeability

The survey returned two main chargeability vertical structures:

One to the Northwest of the grid extending to a deeper more chargeable model (Fig 2).

The others to the south of the grid are associated with the corridor of vertical conductive anomalies (see above). They extend to the depth of the inverted model as one (western area) or two vertical structures (eastern area), forming a single large vertical structure. In the eastern area, the unit is separated into two main vertical structures of high chargeability (Fig 3). In contrast to western anomalies (Fig 2), the maximum chargeability of these structures is observed along the edges of the vertical conductive corridor.



Fig 2: Chargeability in the west area of the grid at Kuri-Yawi (red is high chargeability and blue is low chargeability).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2477/241623_d76b98eaa4dc1bb5_002full.jpg



Fig 3: Chargeability in the west area of Kuri-Yawi (red is high chargeability and blue is low chargeability).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2477/241623_d76b98eaa4dc1bb5_003full.jpg

PDAC 2025

Aurania will be attending the Prospector's and Developers International Convention (PDAC) being held March 2nd - 5th, 2025 at the Metro Toronto Convention Centre (MTCC) in Toronto, Canada. Visit us at booth 2948 in the Investors Exchange located in the MTCC South Building, Level 800. For more information about PDAC and registration, please visit the PDAC website.

Aurania is hosting a meet-and-greet for its shareholders on Sunday, March 2nd from 5:00pm-8:00pm in Salon 1, 19th Floor, at The Fairmont Royal York Hotel, 100 Front Street West, Toronto, Ontario.

Due to capacity limitations, we kindly ask that you confirm your attendance no later than 10am ET on February 24th by RSVP to Carolyn: [e-mail]

Qualified Persons:

The geological information contained in this news release has been verified and approved by Aurania's VP Exploration, Mr. Jean-Paul Pallier, MSc. Mr. Pallier is a designated EurGeol by the European Federation of Geologists and a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

About Aurania

Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and copper in South America. Its flagship asset, The Lost Cities - Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.

Information on Aurania and technical reports are available at www.aurania.com and www.sedarplus.ca, as well as on Facebook at https://www.facebook.com/auranialtd/, X (formerly Twitter) at https://x.com/AuraniaLtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.

For further information, please contact:

Carolyn Muir
VP Corporate Development & Investor Relations
Aurania Resources Ltd.
[phone]
[e-mail]

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

Forward-Looking Statements

This news release contains forward-looking information as such term is defined in applicable securities laws, which relate to future events or future performance and reflect management's current expectations and assumptions. The forward-looking information includes Aurania's objectives, goals or future plans, statements, exploration results, potential mineralization, the corporation's portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration, timing of the commencement of operations, the Company's teams being on track ahead of any drill program, the commencement of any drill program and estimates of market conditions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to Aurania, including the assumption that, there will be no material adverse change in metal prices, all necessary consents, licenses, permits and approvals will be obtained, including various local government licenses and the market. 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. Risk factors that could cause actual results to differ materially from the results expressed or implied by the forward-looking information include, among other things: commodity prices, supply chain disruptions, restrictions on labour and workplace attendance and local and international travel; a failure to obtain or delays in obtaining the required regulatory licenses, permits, approvals and consents; an inability to access financing as needed; a general economic downturn, a volatile stock price, labour strikes, political unrest, changes in the mining regulatory regime governing Aurania; a failure to comply with environmental regulations; a weakening of market and industry reliance on precious metals and base metals; and those risks set out in the Company's public documents filed on SEDAR+. Aurania cautions the reader that the above list of risk factors is not exhaustive. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

SOURCE: Aurania Resources Ltd.

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LUNDIN GOLD ACHIEVES A NEW HIGH OF CONTAINED GOLD OUNCES IN MINERAL RESERVES AND MINERAL RESOURCES AT FRUTA DEL NORTE

https://www.newswire.ca/news-releases/lundin-gold-achieves-a-new-high-of-contained-gold-ounces-in-mineral-reserves-and-mineral-resources-at-fruta-del-norte-844399682.html

News provided by Lundin Gold Inc. Feb 18, 2025, 18:00 ET

VANCOUVER, BC, Feb. 18, 2025 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF)

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Lumina Gold Announces Key Power Approvals for the Cangrejos Project

https://www.newswire.ca/news-releases/lumina-gold-announces-key-power-approvals-for-the-cangrejos-project-802826168.html

News provided by Lumina Gold Corp. Jan 28, 2025, 16:30 ET

VANCOUVER, BC, Jan. 28, 2025 /CNW/ - Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF) (the "Company" or "Lumina") is pleased to announce significant progress regarding power infrastructure required for the Cangrejos gold-copper project (the "Project"). The Company received approval of the definitive feasibility level designs for connection to the national grid for the future energy demand of the Project from Corporación Eléctrica del Ecuador ("CELEC") on January 15, 2025. The designs include two transformers at the La Avanzada substation dedicated to the Project and the 138 kV single circuit transmission line that will run approximately 20 kilometres from the substation to the Project. Along with these approvals, CELEC has committed to reserve the necessary area required to build the transmission infrastructure at the La Avanzada substation.

Other Project Updates

Ausenco Engineering Canada ULC, the lead engineering contractor for the feasibility study for the Project (the "Feasibility Study"), has completed 92% of the estimated work. The Feasibility Study remains on schedule for completion during Q2 2025. Key components completed include:

An updated mineral resource estimate, mine plan and schedule;
Process flowsheet and facility design based on metallurgical testwork;
Project infrastructure siting, engineering and design;
Metals marketing study;
Receipt of vendor quotes; and
Selection of major project equipment.

The Project team is now focused on developing final capital and operating cost estimates to support the study's economic model.

Work for the Environmental Impact Study ("EIS") is progressing on schedule. This work will allow for the submission of the EIS to the Government of Ecuador in mid-2025. Lumina is targeting receiving its Environmental License for the construction and operation of the Project by early 2026.

About Lumina Gold

Lumina Gold Corp. (TSXV: LUM) is a Vancouver, Canada based precious and base metals development company focused on the Cangrejos gold-copper project located in El Oro Province, southwest Ecuador. In 2023, the Company completed a Pre-Feasibility Study for the Project, which is the largest primary gold deposit in Ecuador. Lumina has an experienced management team with a successful track record of advancing and monetizing exploration projects.

Follow us on: Twitter, Linkedin or Facebook.

Further details are available on the Company's website at https://luminagold.com/. To receive future news releases please sign up at https://luminagold.com/contact.

LUMINA GOLD CORP.

Signed: "Marshall Koval"

Marshall Koval, President & CEO, Director

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.

Cautionary Note Regarding Forward-Looking Information

Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to: completion and anticipated timing of the Feasibility Study; connecting the Project to the National Grid and the designs for connection; the future energy demand of the Project; completing substation and power line construction; the commitment from CELEC to reserve the necessary area required to build the transmission infrastructure; completion and anticipated timing of the EIS submission; and receiving the Environmental License for the construction and operation of the Project by early 2026. Often, but not always, forward-looking statements or information can be identified by the use of words such as "will" or "projected" or variations of those words or statements that certain actions, events or results "will", "could", "are proposed to", "are planned to", "are expected to" or "are anticipated to" be taken, occur or be achieved.

With respect to forward-looking statements and information contained herein, the Company has made numerous assumptions including among other things, assumptions about general business and economic conditions, the prices of gold and copper, anticipated costs and expenditures, availability of power, the timely receipt of necessary approvals and licenses, the ability to meet current and future obligations, the Company's ability to comply with environmental laws, no unplanned delays or interruptions, the parameters of the transmission infrastructure, and expected Ecuador national, provincial and local government policies. The foregoing list of assumptions is not exhaustive.

Although management of the Company believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that a forward-looking statement or information herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These factors include, but are not limited to: risks associated with the business of the Company; business and economic conditions in the mining industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks relating to inaccurate geological and engineering assumptions (including with respect to the tonnage, grade and recoverability of reserves and resources); risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters); risks relating to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; and other risk factors as detailed from time to time in the Company's continuous disclosure documents filed with Canadian securities administrators. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

SOURCE Lumina Gold Corp.

For further information contact: Scott Hicks, [e-mail], T: [phone]

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LUNDIN GOLD EXCEEDS 2024 PRODUCTION GUIDANCE AND ACHIEVES RECORD ANNUAL PRODUCTION OF 502,029 OUNCES OF GOLD

https://www.newswire.ca/news-releases/lundin-gold-exceeds-2024-production-guidance-and-achieves-record-annual-production-of-502-029-ounces-of-gold-861841716.html

News provided by Lundin Gold Inc. Jan 08, 2025, 18:45 ET

VANCOUVER, BC, Jan. 8, 2025 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF)

[Lone Clone]

Silvercorp Reports on El Domo Project Development Progress and Awarding the First Construction Contract

https://www.newswire.ca/news-releases/silvercorp-reports-on-el-domo-project-development-progress-and-awarding-the-first-construction-contract-881369868.html

News provided by Silvercorp Metals Inc Jan 07, 2025, 08:00 ET

Trading Symbols: SVM (TSX/NYSE American)
SRL (TSXV), SRLZF (OTCQB)

VANCOUVER, BC, Jan. 7, 2025 /CNW/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM), its Ecuadorian subsidiary Curimining S.A. ("Curimining"), and Salazar Resources Limited ("Salazar", together with Silvercorp and Curimining, the "Companies"), are pleased to provide a progress report on the El Domo Project (the "Project"). The Companies are still targeting to bring the Project into production in the second half of 2026 and have recently awarded the earthworks contract to a large international mining contractor with over 10 years of experience working in Ecuador (see below).

Progress Report

Since Silvercorp completed its acquisition of Adventus Mining Corporation ("Adventus") by way of a plan of arrangement on July 31, 2024, the Companies have made substantial progress in advancing the Project, highlights include:




a.

Streamlined the Ecuadorian Operations: Optimized the organization chart by moving the management team and personnel to the El Domo and Condor project sites from the Quito office, and by initiating the winding down or transfer of most of the non-core regional projects.

b.

Continued Community Engagement: Maintained open lines of communication with local communities and government representatives, keeping them informed of changes in the Project ownership and leadership, as well as on construction plans.

c.

Advanced Detailed Engineering:


a)

Reviewed the previous technical work, including interviewing all consulting firms to confirm all previous studies and detailed engineering designs for optimization;


b)

Optimized design with Klohn Crippen Berger (KCB) for the Tailing Storage Facilities (TSF), starter dam and impound area, Saprolite Waste Dump (SWD), and non-contact water channels;


c)

Selected a new site for the process plant so that its preparation will provide the required non-acid generating rocks for the construction of the starter dam of the TSF, while minimizing trucking distances;


d)

Optimized open pit mine design for mining, stripping, and scheduling, and coordinated the mining schedule with ongoing tailings dam raises using stripped waste rock;


e)

Commenced metallurgical test work on selective flotation – potentially leading to higher recoveries and improved payabilities (see Silvercorp's August 21, 2024 press release); and


f)

Started Detailed Engineering Design (EP) for the process plant, including engaging a consulting engineer, equipment selection, purchasing and detailed engineering drawings.

d.

Advanced Project Infrastructure:


a)

Optimized designs for a new public bypass road and internal operational haul roads;


b)

Executed a powerline contract with the Ecuadorian state-owned power company (CNEL EP). The construction contractor will be selected once the updated engineering design is completed; and


c)

Commenced permitting for standby diesel power generation for the dry season, as climate change has impacted the power supply situation in Ecuador.

e.

Produced Project Materials Balance: including total cubic metres of cutting, filling, cement, and amount of high-density polyethylene material, and bill of quantities for the major construction projects of the mine and process plant, which are divided into three bidding packages:


a)

Bid Package 1: Construction of temporary camp, TSF to starter dam phase, SWD, non-contact water channels, internal haul roads, and preparation of the process plant site and permanent camp site;


b)

Bid Package 2: Mining, stripping and ongoing tailings dam raises using stripped waste rocks; and


c)

Bid Package 3: Construction of the process plant, tailings discharge and back water systems, water treatment plants, permanent camp, and other site infrastructure.

f.

Adopted "Unit Cost" Criteria (as compared to "Open Book") for potential contractors to bid on the three construction packages outlined above. For example, "Unit Cost" for blasting or cutting one cubic metre of rock or saprolite, then loaded and trucked to, within two kilometres, shall include all personnel and management cost, plus any profit contractor intends to have for the work. Monthly total payments will be based on measured cubic metres of cutting.




Award of Commercial Contract for Bid Package 1

The Companies invited three mining contractors with operations at Ecuadorian mining or construction sites, and the forth contractor which Curimining had engaged previously, and the Companies received a total of four bids based on the "Unit Cost" criteria.

After interviews, visiting their current operating sites in Ecuador, and considering the total bid price, the Companies have awarded Bid Package 1 to CRCC 14 Bureau Group CO., Ltd., a company with a regional headquarters in Quito and over ten years operating experience in Ecuador building infrastructure in open pit mines and in the heavy civil construction sectors.

The Companies plan to award Bid Packages 2 and 3 in Q1 2025 to ensure the project stays on schedule to start production in the second half of 2026.

About Silvercorp

Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company's strategy is to create shareholder value by 1) focusing on generating free cashflow from long-life mines; 2) organic growth through extensive drilling for discovery; 3) ongoing merger and acquisition efforts to unlock value; and 4) a long-term commitment to responsible mining and ESG. For more information, please visit our website at www.silvercorpmetals.com.

About the El Domo Project

El-Domo is a high-grade copper-gold project located in Central Ecuador, approximately 150 km northeast of the major port city of Guayaquil – about a 3-hour drive. The project concessions span low-lying hills and plains between 300 to 900 masl. El Domo is a flat-lying tabular shaped VMS deposit, with mineralization beginning at 30 metres from surface and dimensions of approximately 800 x 400 metres. Three well-maintained gravel roads provide direct site access to El Domo.

For further information:

Silvercorp Metals Inc.
Lon Shaver
President
Phone: [phone]
Toll Free 1(888) 224-1881
Email: [e-mail]
Website: www.silvercorpmetals.com

CAUTIONARY DISCLAIMER - FORWARD-LOOKING STATEMENTS

This news release includes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable securities laws relating to, among other things the discussions regarding strategies for the development of El Domo; the potential for higher recoveries and improved payabilities based on metallurgical test work on selective flotation; the obtaining of approvals and permits for the Project and the timing thereof; timing of the awarding of Bid Packages 2 and 3; the start of construction and production at the Project and the timing thereof. By their very nature, forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, amongst others, risks related to the exploration, development, production, recoveries and other anticipated or possible future developments at the Project, including, without limitation, that exploration, development and production activities will not occur or be as anticipated; failure to obtain key permits and approvals and to start construction; the outcome of the an Extraordinary Protection Action (the "EPA") filed with the Constitutional Court of Ecuador by a group of plaintiffs concerning the environmental consultation process for the Project; and general economic, business and political conditions. Forward-looking information may in some cases be identified by words such as "will", "anticipates", "expects", "intends" and similar expressions suggesting future events or future performance.

We caution that all forward-looking information is inherently subject to change and uncertainty and that actual results may differ materially from those expressed or implied by the forward-looking information. A number of risks, uncertainties and other factors, including the EPA, impacts of the EPA or subsequent litigation on the Project; outcome of other future litigation or regulatory actions; regulatory environment and political climate in Ecuador; integration and operations of Adventus; environmental risks; natural disasters; dependence on management and key personnel; risks and hazards of mining operations; and the other risk factors described in the Company's Annual Information Form and other filings with Canadian and U.S. regulators on www.sedarplus.ca and www.sec.gov; could cause actual results and events to differ materially from those expressed or implied in the forward-looking information or could cause our current objectives, strategies and intentions to change. Accordingly, we warn investors to exercise caution when considering statements containing forward-looking information and that it would be unreasonable to rely on such statements as creating legal rights regarding our future results or plans. We cannot guarantee that any forward-looking information will materialize and you are cautioned not to place undue reliance on this forward-looking information. Any forward-looking information contained in this news release represent expectations as of the date of this news release and are subject to change after such date. However, we are under no obligation (and we expressly disclaim any such obligation) to update or alter any statements containing forward-looking information, the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law. All of the forward-looking information in this news release is qualified by the cautionary statements herein.

A comprehensive discussion of other risks that impact Silvercorp can also be found in their public reports and filings which are available under its profile at www.sedarplus.ca.

SOURCE Silvercorp Metals Inc

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Salazar Resources Announces Purchase of Ecuadorian Exploration Properties from Silvercorp Metals

https://www.newsfilecorp.com/release/234839/Salazar-Resources-Announces-Purchase-of-Ecuadorian-Exploration-Properties-from-Silvercorp-Metals-Inc.

December 23, 2024 7:00 AM EST | Source: Salazar Resources Limited

Vancouver, British Columbia--(Newsfile Corp. - December 23, 2024) - SALAZAR RESOURCES LIMITED (TSXV: SRL) (OTCQB: SRLZF) (FSE: CCG.F) ("Salazar" or the "Company") is pleased to announce it has executed a binding Letter Agreement (the "Agreement") for the purchase, from Silvercorp Metals Inc. ("Silvercorp"), of certain exploration assets in Ecuador (the "Transactions"). The parties will now work diligently to complete the necessary documentation to finalize the sale.

Under the terms of the Agreement, the key terms of which are outlined below, Silvercorp will transfer the shares of two of its Ecuadorian subsidiaries to Salazar, which companies hold the following mineral exploration properties in exchange for net smelter return ("NSR") royalties in such properties:

the portion of the Santiago Project Silvercorp owns to Salazar in exchange for a 1.5% NSR royalty on the entire project, subject to a $3 million repurchase option;

the portion of the Pijilí Project Silvercorp owns to Salazar in exchange for a 1.5% NSR royalty on the entire project, subject to an option to repurchase 1% NSR royalty on the project in exchange for $1 million;

the Tarqui Project in exchange for a 1.5% NSR on the entire project, subject to an option to repurchase 1% NSR on the project in exchange for $1 million; and

the La Canela Project in exchange for a 1.5% NSR royalty on the project, subject to an option to repurchase 1% NSR royalty on the project in exchange for $1 million.

Salazar currently owns 20% of Santiago and Pijili and this transaction provides the Company with full ownership. These properties were previously held under the Exploration Alliance agreement which will be terminated on closing.

The Transactions are subject to the finalization of definitive agreements and customary closing conditions. It is expected that the Transactions will be completed in the first quarter of 2025.

Fredy Salazar, CEO, stated: "We are very pleased to have completed this agreement with Silvercorp. We are excited with the opportunity to advance these exploration assets while Silvercorp focuses on completing construction at El Domo and initiating mining operations."

About Salazar Resources

Salazar Resources Limited is focused on creating value and positive change through discovery, exploration, and development in Ecuador. The team has an unrivalled understanding of the geology in-country and has played an integral role in the discovery of many of the major projects in Ecuador, including the two newest operating gold and copper mines. Salazar Resources has a wholly owned pipeline of copper-gold exploration projects across Ecuador with a strategy to make another commercial discovery and farm-out non-core assets. Salazar Resources actively engages with Ecuadorian communities and together with the Salazar family it co-founded The Salazar Foundation, an independent non-profit organization dedicated to sustainable progress through economic development. Salazar Resources already has carried interests in three projects. At its maiden discovery, Curipamba, Salazar Resources has a 25% stake fully carried through to production. At two copper-gold porphyry projects, Pijili and Santiago, Salazar Resources has a 20% stake and is to acquire the remainder of such projects from Silvercorp pursuant to the Transactions.

For further information from Salazar Resources, please contact Nick DeMare, Director, at ndemare @Piranha-9316. Please also visit the Salazar Resources website at www.salazarresources.com.

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

SOURCE: Salazar Resources Limited

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Lumina Gold Announces Successful Extension of the EIPA with the Government of Ecuador

https://www.newswire.ca/news-releases/lumina-gold-announces-successful-extension-of-the-eipa-with-the-government-of-ecuador-841597153.html

News provided by Lumina Gold Corp. Dec 10, 2024, 07:00 ET

VANCOUVER, BC, Dec. 10, 2024 /CNW/ - Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF) (the "Company" or "Lumina") is pleased to announce that it has received notice of the passing of a resolution by the Government of Ecuador's Strategic Committee for the Promotion and Attraction of Investments to extend its existing Exploration Investment Protection Agreement to include spending from 2010 up until the end of 2024. The increased amount of investment protected by the agreement is US$79 million. The addendum to the Exploration Investment Protection Agreement is expected to be executed by public deed in the coming weeks.

Marshall Koval, CEO & Director commented: "The Company is extremely pleased at the progress made in the last month, which has seen the extension of the Los Cangrejos concession by 25-years, completion of the Exploitation Contract terms and this Exploration Investment Protection Agreement extension. Lumina is looking forward to completing the Complimentary Investment Protection Agreement to cover the potential construction period for Cangrejos, 2025-2031 and announcing the results from the ongoing Feasibility Study in Q2 2025."

About Lumina Gold

Lumina Gold Corp. (TSXV: LUM) is a Vancouver, Canada based precious and base metals development company focused on the Cangrejos Gold-Copper Project located in El Oro Province, southwest Ecuador. In 2023, the Company completed a Pre-Feasibility Study for Cangrejos, which is the largest primary gold deposit in Ecuador. Lumina has an experienced management team with a successful track record of advancing and monetizing exploration projects.

Follow us on: Twitter, Linkedin or Facebook.

Further details are available on the Company's website at https://luminagold.com/. To receive future news releases please sign up at https://luminagold.com/contact.

LUMINA GOLD CORP.

Signed: "Marshall Koval"

Marshall Koval, President & CEO, Director

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.

Cautionary Note Regarding Forward-Looking Information

Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to: completion of the public deed for the Exploration Investment Protection Agreement extension, completing the Complementary Investment Protection Agreement and the timing and completion of the Feasibility Study. Often, but not always, forward-looking statements or information can be identified by the use of words such as "will" or "projected" or variations of those words or statements that certain actions, events or results "will", "could", "are proposed to", "are planned to", "are expected to" or "are anticipated to" be taken, occur or be achieved.

With respect to forward-looking statements and information contained herein, the Company has made numerous assumptions including among other things, assumptions about general business and economic conditions, the prices of gold and copper, and anticipated costs and expenditures. The foregoing list of assumptions is not exhaustive.

Although management of the Company believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that a forward-looking statement or information herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These factors include, but are not limited to: risks associated with the business of the Company; business and economic conditions in the mining industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks relating to inaccurate geological and engineering assumptions (including with respect to the tonnage, grade and recoverability of reserves and resources); risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters); risks relating to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; and other risk factors as detailed from time to time in the Company's continuous disclosure documents filed with Canadian securities administrators. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

SOURCE Lumina Gold Corp.

For further information contact: Scott Hicks, [e-mail], T: [phone]

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LUNDIN GOLD THREE YEAR OUTLOOK ANTICIPATES SUSTAINED FREE CASH FLOW GENERATION AND CONTINUED INVESTMENT IN EXPLORATION

2025 highlights include the benefits of increased throughput to 5,000 tpd and improved gold recoveries and an exploration program with 80,000 metres of drilling

https://www.newswire.ca/news-releases/lundin-gold-three-year-outlook-anticipates-sustained-free-cash-flow-generation-and-continued-investment-in-exploration-812793982.html

News provided by Lundin Gold Inc. Dec 09, 2024, 17:30 ET

VANCOUVER, BC, Dec. 9, 2024 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF

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Silvercorp Provides Plan to Develop the Condor Gold Project as a High-Grade Underground Mine

https://www.newswire.ca/news-releases/silvercorp-provides-plan-to-develop-the-condor-gold-project-as-a-high-grade-underground-mine-892955758.html

News provided by Silvercorp Metals Inc Dec 04, 2024, 08:00 ET

Trading Symbols: SVM (TSX/NYSE American)

VANCOUVER, BC, Dec. 4, 2024 /CNW/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM)

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LUNDIN GOLD REPORTS SIGNIFICANT EXPANSION AT BONZA SUR

New drilling results highlight the potential of the gold deposit

https://www.newswire.ca/news-releases/lundin-gold-reports-significant-expansion-at-bonza-sur-828540390.html

News provided by Lundin Gold Inc. Dec 03, 2024, 19:00 ET

VANCOUVER, BC, Dec. 3, 2024 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) (

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Lumina Gold Announces Exploitation Contract Terms with the Government of Ecuador

https://www.prnewswire.com/news-releases/lumina-gold-announces-exploitation-contract-terms-with-the-government-of-ecuador-302317019.html

News provided by Lumina Gold Corp. Nov 26, 2024, 17:42 ET

VANCOUVER, BC, Nov. 26, 2024 /PRNewswire/ - Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF)

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Lumina Gold Announces Concession Extension Until 2049

https://www.prnewswire.com/news-releases/lumina-gold-announces-concession-extension-until-2049-302313698.html

News provided by Lumina Gold Corp. Nov 21, 2024, 18:00 ET

VANCOUVER, BC, Nov. 21, 2024 /PRNewswire/ - Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF) (the "Company" or "Lumina") is pleased to announce that the Ministry of Energy and Mines of Ecuador has extended the Los Cangrejos mining concession until 2049. This decision by the Government of Ecuador creates positive conditions to continue the investment plans for Cangrejos. The Company can apply for another 25-year extension beyond 2049.

The Company continues to execute its plans to advance the Cangrejos project to a fully permitted, ready to construct project with the following projected milestones:

Signing of the binding terms (Acta de Negociación Final) for the Exploitation Contract – Q4 2024
Addendum of the existing Exploration Investment Protection Agreement to include historical investment up to 2024 – Q4 2024
Signing of the Complementary Investment Protection Agreement for the construction period – Q1 2025
Completion of the Feasibility Study – Q2 2025
Submission of the Environmental Impact Study for permitting – Q2 2025
Change of Mining Title phase to exploitation – H1 2025
Signing of the Exploitation Contract – H2 2025
Public Environmental Consultation – Specific timing to be determined

Lumina continues to advance specific components of the Feasibility Study, including:

Completion of a metallurgical test work program at C. H. Plenge & CIA S.A., an independent metallurgical laboratory based in Lima, Peru.
Completion of a geotechnical field program for facility siting was completed to finalize designs, including a total of 20 boreholes, 53 test pits, and over 9,500 metres of geophysics lines.
Completion of a Regional Hydrogeology Program, which included the drilling and pump-testing of 12 new wells to support the Feasibility Study and Environmental Impact Study baseline.
Advancement of an updated resource estimate and mine plan design is near completion by Sim Geological and IMC Tucson.
Advancement of final site plans, plant design and receipt of vendor quotes for all major equipment required to generate capital and operating cost estimates for the Feasibility Study are being undertaken by Ausenco Engineering Canada ULC.

Qualified Persons

Ron Halas, P.Eng., Chief Operating Officer of Lumina and a Qualified Person as defined by NI 43-101 has reviewed, verified, and approved the contents of this news release.

About Lumina Gold

Lumina Gold Corp. (TSXV: LUM) is a Vancouver, Canada based precious and base metals development company focused on the Cangrejos Gold-Copper Project located in El Oro Province, southwest Ecuador. In 2023, the Company completed a Pre-Feasibility Study for Cangrejos, which is the largest primary gold deposit in Ecuador. Lumina has an experienced management team with a successful track record of advancing and monetizing exploration projects.

Follow us on: Twitter, Linkedin or Facebook.

Further details are available on the Company's website at https://luminagold.com/. To receive future news releases please sign up at https://luminagold.com/contact.

LUMINA GOLD CORP.

Signed: "Marshall Koval"

Marshall Koval, President & CEO, Director

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.

Cautionary Note Regarding Forward-Looking Information

Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to the timing and completion of the items listed as projected milestones. Often, but not always, forward-looking statements or information can be identified by the use of words such as "will" or "projected" or variations of those words or statements that certain actions, events or results "will", "could", "are proposed to", "are planned to", "are expected to" or "are anticipated to" be taken, occur or be achieved.

With respect to forward-looking statements and information contained herein, the Company has made numerous assumptions including among other things, assumptions about general business and economic conditions, the prices of gold and copper, and anticipated costs and expenditures. The foregoing list of assumptions is not exhaustive.

Although management of the Company believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that a forward-looking statement or information herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These factors include, but are not limited to: risks associated with the business of the Company; business and economic conditions in the mining industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks relating to inaccurate geological and engineering assumptions (including with respect to the tonnage, grade and recoverability of reserves and resources); risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters); risks relating to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; and other risk factors as detailed from time to time in the Company's continuous disclosure documents filed with Canadian securities administrators. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

SOURCE Lumina Gold Corp.

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SolGold Announces Key Milestones and Outlook for the Year Ahead

Advancing Cascabel: SolGold Marks Key Milestones and Provides Outlook for the Year Ahead

https://www.accesswire.com/943897/solgold-plc-announces-key-milestones-and-outlook-for-the-year-ahead

Monday, 18 November 2024 02:30 AM

BISHOPSGATE, LONDON / ACCESSWIRE / November 18, 2024 / SolGold plc (LSE:SOLG)(TSX:SOLG)(OTC PINK:SLGGF) is pleased to provide a comprehensive review of the Company's achievements over the past year, highlighting the substantial progress that the Company has made on the Cascabel Copper-Gold Project and a roadmap for the year ahead.

2024 Highlights: Building Foundations for a Strong Future

2024 has been a transformative year for SolGold, marked by substantial progress as the Company advances its flagship Cascabel Project, achieving several critical milestones. Key highlights include:

Cascabel Project Milestones : The landmark signing of the Exploitation Agreement with the Government of Ecuador for the Cascabel Project signifies a pivotal step toward development, securing key regulatory support. 1

The release of the Preliminary Feasibility Study ("PFS") showcased a comprehensive view of the first 28 years (just 18 % of the resource) of the substantial Alpala deposit. The PFS underscores Cascabel's vast potential as a cornerstone, multi-generational copper mine with the capacity to deliver long-term supply as global demand is projected to rise. The phased approach to the mine plan reported in the PFS resulted in a reduction in initial capital of US$1bn from the previous plan with an after-tax IRR of 24% and an NPV 8% of $3.2bn, based on metal prices of US$1,750/oz Au, US$3.85/lb Cu, and US$22.50 Ag. Current consensus pricing for copper, gold, and silver is significantly higher than those reflected in the PFS economic model. 2,3 SolGold has identified numerous opportunities to expand the scope of the resource and reserve at Cascabel and bring forward future cash flows via Tandayama-Ameríca deposit inclusion, improvements in mining and milling design and further optimising metallurgical recovery.

Financing Agreement : SolGold finalized a significant streaming agreement with Franco-Nevada (Barbados) Corporation and Osisko Gold Royalties ("Franco & Osisko") for US$750m. This agreement supports the development of the Cascabel project as it progresses, strengthening SolGold's financial position providing, subject to achieving milestones, US$100m for the advancement of Cascabel through permitting, feasibility, and securing further development funding sources. 4 This strategic financing marks a significant endorsement of Cascabel's long-term value, enabling effective resource allocation to advance and de-risk the Project and a sizable portion of development capital.

Exploration and Project Development : SolGold continued with targeted regional exploration efforts, including identifying a major porphyry target at the El Cielito Norte prospect on the Blanca-Nieves Project just 8 km northwest of Cascabel, covering approximately 2.5 x 2.5 km, which is larger in extent than the Alpala system to the south at Cascabel. In the epithermal gold halo at the Florida site on the eastern side of Cielito Norte, recent channel sample assays revealed high-grade gold results of 6.15m @ 7.46 g/t Au, including 2.2m @ 21.1 g/t Au. These exploration efforts are advancing new target areas toward drill-ready status, highlighting the potential for integration with the Cascabel Project. 5

Beyond Cascabel, SolGold has continued to advance its regional exploration portfolio, actively identifying potential opportunities for advancing the exploration efforts, including, among other options, joint ventures, partnerships, and strategic divestments. Through these initiatives, the Company is committed to unlocking value from the portfolio to enhance shareholder value and SolGold's footprint in the global copper market.

Community and Sustainability Commitments : SolGold is proud of its ongoing commitment to sustainability and community engagement. This year, the Company furthered its community partnerships, aiming to create lasting benefits for local stakeholders. Our progress on environmental, social, and governance (ESG) fronts remains central to our approach to Project development and to the Company as a whole.

Looking Ahead: Strategic Outlook for 2025

SolGold's outlook for 2025 is focused on key priorities to maximize shareholder value and ensure sustainable Project advancement:

Advancing & De-Risking Cascabel: Following the PFS, the next phase includes advancing high-priority studies in collaboration with industry-leading experts, including G Mining Services Inc. This collaboration will provide the technical expertise necessary to solidify Cascabel's Project scope and timeline. Concurrently, ongoing geotechnical drilling is being conducted to support infrastructure planning. Near-surface drilling at the Tandayama-Ameríca deposit is planned for the near future to investigate a plan for earlier cash flow delivery. 5

In parallel, the Company is actively working on the permitting process to facilitate timely approvals that will align with Cascabel's development milestones. These efforts are fully funded and align with the Company's strategy to de-risk and advance the Project to turn-key status.

Strengthening Strategic Partnerships and Funding Pathways : Building on the strong financial platform established through the Franco & Osisko deal, SolGold is well-positioned to explore further options to support Cascabel's development.

Portfolio Optimization and Divestiture Strategy : Through ongoing evaluation of joint venture and spin-out options for non-core assets, the Company aims to focus on Cascabel while maximizing the potential of its broader exploration assets.

Continued Focus on Sustainability : The Company will continue its ESG initiatives, focusing on the communities around the Project site and reinforcing SolGold's role as a responsible corporate citizen in Ecuador. SolGold remains committed to sustainable development that is aligned with global best practices.

Scott Caldwell, CEO of SolGold, commented : "This past year has been transformative for SolGold. With significant advancements at Cascabel and critical partnerships in place, we are moving into 2025 with a strong foundation. We are excited about our strategic vision for the future and our commitment to delivering long-term value for our shareholders, partners, and communities. I would also like to thank shareholders and the board for its support as the Company progresses."

1. Refer to news releases dated 06 June 2024 on SEDAR+ and the Company's website.

Link: 2024-06-06 Release

2. Refer to news release dated 16 February 2024 on SEDAR+ and the Company's website.

Link: 2024-02-16 Release

3. Refer to news release dated 12 March 2024 on SEDAR+ and the Company's website.

Link: 2024-03-12 Release

4. Refer to news release dated 15 July 2024 on SEDAR+ and the Company's website:

Link: 2024-07-15 Release

5. Refer to news release dated 19 March 2024 on SEDAR+ and the Company's website:

Link: 2024-03-19 Release

CONTACTS

Chris Robinson

Director of Corporate Operations

& Communications

Tel: [phone]

Tavistock (Media)

Jos Simson/Gareth Tredway

Tel: [phone]

ABOUT SOLGOLD

SolGold is a leading resources company focused on the discovery, definition and development of world-class copper and gold deposits and continues to strive to deliver objectives efficiently and in the interests of shareholders.

The Company operates with transparency and in accordance with international best practices. SolGold is committed to delivering value to its shareholders while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace, and minimizing environmental impact.

SolGold is listed on the London Stock Exchange and Toronto Stock Exchange (LSE/TSX: SOLG).

See www.solgold.com.au for more information. Follow us on X @SolGold_plc.

CAUTIONARY NOTICE

News releases, presentations and public commentary made by SolGold plc (the "Company") and its Officers may contain certain statements and expressions of belief, expectation or opinion which are forward looking statements, and which relate, inter alia, to interpretations of exploration results to date and the Company's proposed strategy, plans and objectives or to the expectations or intentions of the Company's Directors, including the plan for developing the Project currently being studied as well as the expectations of the Company as to the forward price of copper. Such forward-looking and interpretative statements involve known and unknown risks, uncertainties, and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such interpretations and forward-looking statements.

Accordingly, the reader should not rely on any interpretations or forward-looking statements, and save as required by the exchange rules of the TSX and LSE or by applicable laws, the Company does not accept any obligation to disseminate any updates or revisions to such interpretations or forward-looking statements. The Company may reinterpret results to date as the status of its assets and projects changes with time expenditure, metals prices and other affecting circumstances.

This release may contain "forward looking information". Forward looking information includes, but is not limited to, statements regarding the Company's plans for developing its properties. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".

Forward looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward looking information, including but not limited to: transaction risks; general business, economic, competitive, political and social uncertainties; future prices of mineral prices; accidents, labour disputes and shortages and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, risks relating to the ability of exploration activities (including assay results) to accurately predict mineralization; errors in management's geological modelling and/or mine development plan; capital and operating costs varying significantly from estimates; the preliminary nature of visual assessments; delays in obtaining or failures to obtain required governmental, environmental or other required approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; the global economic climate; fluctuations in commodity prices; the ability of the Company to complete further exploration activities, including drilling; delays in the development of projects; environmental risks; community and non-governmental actions; other risks involved in the mineral exploration and development industry; the ability of the Company to retain its key management employees and skilled and experienced personnel; and those risks set out in the Company's public documents filed on SEDAR+ at www.sedarplus.ca. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

The Company and its officers do not endorse, or reject or otherwise comment on the conclusions, interpretations or views expressed in press articles or third-party analysis.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com

SOURCE: SolGold plc

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Salazar Resources/Silvercorp Provide Positive El Domo Legal Update and Announces Repayment of Wheaton Early Deposit

https://www.prnewswire.com/news-releases/silvercorp-provides-positive-el-domo-legal-update-and-announces-repayment-of-wheaton-early-deposit-302306862.html

News provided by Silvercorp Metals Inc Nov 15, 2024, 08:00 ET

Trading Symbol: TSX: SVM TSXV: SRL
NYSE AMERICAN: SVM OTCQB: SRLZF

VANCOUVER, BC, Nov. 15, 2024 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) and Salazar Resources Ltd. ("Salazar") (TSXV: SRL) (OTCQB: SRLZF) are pleased to announce that on November 12, 2024, the Provincial Court of Bolivar (the "Court"), in the province of Ecuador where the El Domo project (the "Project") is located, dismissed the appeal filed by the plaintiffs in respect of the Curipamba – El Domo constitutional protective action, affirming the rights of the Company's Ecuadorian subsidiary, Curimining S.A. ("Curimining"), to continue construction of the Project. Additionally, the Company announced the repayment of funds previously drawn by Adventus Mining Corporation ("Adventus") from Wheaton Precious Metals International Ltd. ("Wheaton") under the precious metals purchase agreement ("PMPA").


Constitutional Protective Action Against El Domo Project Dismissed
The Court dismissed the appeal and affirmed the lower court decision that the Ministry of Environment, Water, and Ecological Transition of Ecuador ("MAATE") correctly discharged its environmental consultation obligations prior to issuing an environmental license for the Project (See News Release of July 31, 2024). MAATE was supported by the Attorney General's Office, Curimining (as an interested third party), and over 800 individuals who participated in the process as additional supporting third parties.



Repayment of US$13.25 Million El Domo Early Deposit to Wheaton
As at September 30, 2024, Wheaton had advanced a total of $13.25 million. Pursuant to the PMPA, Adventus was required to deliver approximately 92.3 ounces of gold per month (at today's gold prices, this is equivalent to an annual interest rate of approximately 18.5%), starting July 2024, until the construction of El Domo reached certain milestones or these funds were repaid.

As a result of the repayment, the PMPA's full $175.5 million cash contribution will be available to be drawn by Silvercorp during construction, subject to certain conditions.

About Silvercorp
Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company's strategy is to create shareholder value by 1) focusing on generating free cashflow from long life mines; 2) organic growth through extensive drilling for discovery; 3) ongoing merger and acquisition efforts to unlock value; and 4) long term commitment to responsible mining and ESG. For more information, please visit our website at www.silvercorpmetals.com.

About Salazar
Salazar Resources Limited is focused on creating value and positive change through discovery, exploration, and development in Ecuador. The team has an unrivalled understanding of the geology in-country and has played an integral role in the discovery of many of the major projects in Ecuador, including the two newest operating gold and copper mines. Salazar Resources has a wholly owned pipeline of copper-gold exploration projects across Ecuador with a strategy to make another commercial discovery and farm-out non-core assets. The Company actively engages with Ecuadorian communities and together with the Salazar family it co-founded The Salazar Foundation, an independent non-profit organization dedicated to sustainable progress through economic development. The Company already has carried interests in three projects. At its maiden discovery, Curipamba, Salazar Resources has a 25% stake fully carried through to production. At two copper-gold porphyry projects, Pijili and Santiago, the Company has a 20% stake fully carried through to a construction decision.

For further information
Silvercorp Metals Inc.
Lon Shaver
President
Phone: [phone]
Toll Free 1(888) 224-1881
Email: [e-mail]
Website: www.silvercorpmetals.com

Salazar Resources Ltd.
Nick DeMare
Director
Phone: [phone]
Email: [e-mail]
Website: www.salazarresources.com

CAUTIONARY DISCLAIMER - FORWARD-LOOKING STATEMENTS

Certain of the statements and information in this news release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian and US securities laws (collectively, "forward-looking statements"). Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "is expected", "anticipates", "believes", "plans", "projects", "estimates", "assumes", "intends", "strategies", "targets", "goals", "forecasts", "objectives", "budgets", "schedules", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking statements relate to, among other things: the price of silver and other metals; the accuracy of mineral resource and mineral reserve estimates at the Company's material properties; the sufficiency of the Company's capital to finance the Company's operations; estimates of the Company's revenues and capital expenditures; estimated production from the Company's mines in the Ying Mining District and the GC Mine; timing of receipt of permits and regulatory approvals; availability of funds from production to finance the Company's operations; the validity of the environmental license; construction and operation of the El Domo project; and access to and availability of funding for future construction, use of proceeds from any financing and development of the Company's properties.

Actual results may vary from forward-looking statements. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks relating to: global economic and social impact of public health pandemic; fluctuating commodity prices; calculation of resources, reserves and mineralization and precious and base metal recovery; interpretations and assumptions of mineral resource and mineral reserve estimates; exploration and development programs; feasibility and engineering reports; permits and licences; title to properties; property interests; joint venture partners; acquisition of commercially mineable mineral rights; financing; recent market events and conditions; economic factors affecting the Company; timing, estimated amount, capital and operating expenditures and economic returns of future production; integration of future acquisitions into the Company's existing operations; competition; operations and political conditions; regulatory environment in China, Canada, and Ecuador; environmental risks; regulatory investigations, claims and legal proceedings; foreign exchange rate fluctuations; insurance; risks and hazards of mining operations; key personnel; conflicts of interest; dependence on management; internal control over financial reporting; and bringing actions and enforcing judgments under U.S. securities laws.

This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. Forward-looking statements are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in the Company's Annual Information Form under the heading "Risk Factors" and in the Company's Annual Report on Form 40-F, and in the Company's other filings with Canadian and U.S. securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements.

The Company's forward-looking statements are based on the assumptions, beliefs, expectations and opinions of management as of the date of this news release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements. Assumptions may prove to be incorrect and actual results may differ materially from those anticipated. Consequently, guidance cannot be guaranteed. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

SOURCE Silvercorp Metals Inc

[Lone Clone]

Solaris Provides Warintza Operations Update, 2024 Drilling to Exceed 75,000m and Early Works Infrastructure Development Underway

https://www.globenewswire.com/en/news-release/2024/11/12/2978881/0/en/Solaris-Provides-Warintza-Operations-Update-2024-Drilling-to-Exceed-75-000m-and-Early-Works-Infrastructure-Development-Underway.html

November 12, 2024 07:00 ET | Source: Solaris Resources

QUITO, Ecuador, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Solaris Resources Inc. (TSX: SLS; NYSE: SLSR)

[Lone Clone]

LUNDIN GOLD REPORTS THIRD QUARTER OF 2024 RESULTS

Record cash generation, revenue, and adjusted EBITDA achieved and supported by a strong gold price

https://www.newswire.ca/news-releases/lundin-gold-reports-third-quarter-of-2024-results-803210525.html

News provided by Lundin Gold Inc. Nov 07, 2024, 19:30 ET

VANCOUVER, BC, Nov. 7, 2024 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF)

[Lone Clone]

SolGold Announces Geotechnical Investigations Commence at Cascabel

https://www.accesswire.com/938566/solgold-plc-announces-geotechnical-investigations-commence-at-cascabel

Monday, 04 November 2024 02:20 AM

BISHOPSGATE, LONDON / ACCESSWIRE / November 4, 2024 / SolGold plc (LSE:SOLG)(TSX:SOLG) is pleased to announce the commencement of geotechnical investigations at the Cascabel Copper-Gold Porphyry Project in northern Ecuador, marking an important milestone in the advancement of one of the world's premier copper-gold projects. The Cascabel Project's pre-feasibility study outlined a 28-year mine plan based on an updated Mineral Reserve Estimate of 540 million tonnes, containing 3.2 million tonnes of copper at 0.60%, 9.4 million ounces of gold at 0.54 g/t, and 28 million ounces of silver at 1.62 g/t. This represents just 18% of the overall resource defined to date and is based on metal prices of US$1750/oz Au, US$3.85/lb Cu, and US$22.50 Ag. With a capex of $1.55bn, the Project delivers a modelled after-tax IRR of 24% and an NPV8% of $3.2bn using a staged development strategy of 12Mtpa initial mining rate.1,2

The current geotechnical program includes both geotechnical drilling and refraction seismic assessments to gather important information on ground conditions and subsurface characteristics, contributing to a refined understanding of the site's geotechnical framework.

The initial phase of the geotechnical investigations program, including the drilling and ground geophysics, will focus on key infrastructure areas for the mine. Data collected will inform excavation design, ground support, and other critical components of the Project. This approach supports SolGold's commitment to industry-leading safety and operational standards and provides a solid basis for further engineering design and planning. Should visual mineralization or alteration be encountered, core samples will be assayed to ensure that the proposed infrastructure locations will not impede potential future resource expansion.

In conjunction with the start of geotechnical investigations, SolGold has scheduled a technical meeting in November with teams from SolGold and G Mining Services Inc ("G Mining"). This meeting will focus on collaborative planning and project optimizations, allowing both teams to align on objectives that support a streamlined approach to the engineering and construction phases. With a shared emphasis on efficiency, innovation, and sustainability, the teams aim to optimize foundational aspects to help position Cascabel as a major future copper and gold supplier.

Scott Caldwell, CEO of SolGold, commented: "Commencing the geotechnical drilling program is a key milestone in the Cascabel Project's timeline. The data collected will support our technical teams in finalizing the mine's design, helping us advance toward the Company's goal of delivering one of the largest multi-generational copper-gold projects in the world. The upcoming kickoff meeting with G Mining's technical team underscores SolGold's commitment to integrating top-level planning and sustainable development practices to deliver one of the world's largest copper-gold resources responsibly."

The Cascabel Project represents a high-grade copper-gold resource poised to meet the increasing global demand for copper over the coming decades. In recent months, SolGold has progressed multiple aspects of the project, including permitting and infrastructure planning, while strengthening relationships with local and national stakeholders. This geotechnical drilling phase adds to the momentum as the Company moves towards delivering a robust feasibility study in 2025.

SolGold is funded to deliver these objectives, following a recent gold-only streaming agreement with Franco-Nevada (Barbados) Corporation and Osisko Bermuda Limited. This agreement provides the Company with US$100m to conduct the planned work and studies required to complete permitting applications and the feasibility study, subject to specific provisions. The agreement further provides US$650m for development funding contingent upon conditions precedent and a Final Development Investment Decision.3

SolGold is advancing strategies to secure additional capital solutions to complete the remaining development funding. The Company is also exploring early-stage open-cut development of the Tandayama-Ameríca deposit to bring the Cascabel Project's copper-gold production forward by several years.

As SolGold advances its initiatives at Cascabel, the Company remains dedicated to fostering strong relationships with its stakeholders, prioritizing sustainable development, and delivering long-term value. The insights gained from the current geotechnical investigations will play a significant role in shaping the subsequent phases of project planning and execution. SolGold looks forward to keeping stakeholders updated as we progress toward establishing Cascabel as a key cornerstone copper-gold asset for the future.

Endnotes:

1. Refer to news release dated 16 February 2024 on SEDAR+ and the Company's website.
Link: 2024-02-16 Release

2. Refer to news release dated 12 March 2024 on SEDAR+ and the Company's website.
Link: 2024-03-12 Release

3. Refer to news release dated 15 July 2024 on SEDAR+ and the Company's website:
Link: 2024-07-15 Release

CONTACTS

Chris Robinson

Director of Corporate Operations
& Communications

Tel: [phone]

Tavistock (Media)
Jos Simson/Gareth Tredway

Tel: [phone]

ABOUT SOLGOLD

SolGold is a leading resources company focused on the discovery, definition and development of world-class copper and gold deposits and continues to strive to deliver objectives efficiently and in the interests of shareholders.

The Company operates with transparency and in accordance with international best practices. SolGold is committed to delivering value to its shareholders while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace, and minimizing environmental impact.

SolGold is listed on the London Stock Exchange and Toronto Stock Exchange (LSE/TSX: SOLG).

See www.solgold.com.au for more information. Follow us on X @SolGold_plc.

CAUTIONARY NOTICE

News releases, presentations and public commentary made by SolGold plc (the "Company") and its Officers may contain certain statements and expressions of belief, expectation or opinion which are forward looking statements, and which relate, inter alia, to interpretations of exploration results to date and the Company's proposed strategy, plans and objectives or to the expectations or intentions of the Company's Directors, including the plan for developing the Project currently being studied as well as the expectations of the Company as to the forward price of copper. Such forward-looking and interpretative statements involve known and unknown risks, uncertainties and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such interpretations and forward-looking statements.

Accordingly, the reader should not rely on any interpretations or forward-looking statements, and save as required by the exchange rules of the TSX and LSE or by applicable laws, the Company does not accept any obligation to disseminate any updates or revisions to such interpretations or forward-looking statements. The Company may reinterpret results to date as the status of its assets and projects changes with time expenditure, metals prices and other affecting circumstances.

This release may contain "forward looking information". Forward looking information includes, but is not limited to, statements regarding the Company's plans for developing its properties. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".

Forward looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward looking information, including but not limited to: transaction risks; general business, economic, competitive, political and social uncertainties; future prices of mineral prices; accidents, labour disputes and shortages and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, risks relating to the ability of exploration activities (including assay results) to accurately predict mineralization; errors in management's geological modelling and/or mine development plan; capital and operating costs varying significantly from estimates; the preliminary nature of visual assessments; delays in obtaining or failures to obtain required governmental, environmental or other required approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; the global economic climate; fluctuations in commodity prices; the ability of the Company to complete further exploration activities, including drilling; delays in the development of projects; environmental risks; community and non-governmental actions; other risks involved in the mineral exploration and development industry; the ability of the Company to retain its key management employees and skilled and experienced personnel; and those risks set out in the Company's public documents filed on SEDAR+ at www.sedarplus.ca. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

The Company and its officers do not endorse, or reject or otherwise comment on the conclusions, interpretations or views expressed in press articles or third-party analysis.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

SOURCE: SolGold PLC

[Lone Clone]

Aurania Resources: IP Survey Commences at Aurania's Kuri-Yawi Gold Target in Ecuador

https://www.newsfilecorp.com/release/228557

November 01, 2024 7:00 AM EDT | Source: Aurania Resources Ltd.

Toronto, Ontario--(Newsfile Corp. - November 1, 2024) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) ("Aurania" or the "Company") announces the start of the induced polarization (IP) geophysical survey at its Kuri-Yawi project in southeastern Ecuador. The survey is being carried out by the geophysics company GexplOre, which has extensive experience developing this technique within the Amazon rainforest. The geophysicists have arrived in the field last week following the completion of the line-cutting preparation work.

Kuri-Yawi is the most advanced epithermal target in the Company's Cutucu project. The discovery of numerous sinters by the Aurania team in 2018 highlighted the area as highly prospective for epithermal gold mineralization. Extensive fieldwork subsequently conducted in the area, including geology, soil geochemistry and a Mobile MagnetoTellurics (MobileMT) airborne survey led to the drilling of nine scout holes during 2020 and 2021 to investigate the soil anomalies at depth. The results of the program indicated a vector to mineralization toward the northeast, the subject area of the current IP survey. Subsequent prospecting in this area discovered thallium-rich chalcedony veins (see Figure 1). Importantly, thallium is a volatile element often present in the upper parts of epithermal deposits. As well, TerraSpec infrared analyses of the alteration minerals in this area show typical epithermal chlorite-smectite-illite zonation towards the vein zone. The presence of these minerals suggests an intense hydrothermal alteration in the center of an epithermal system, which is interpreted to be responsible for the demagnetization of rocks observed in the area and also shown on the 2017 magnetic airborne survey (see Figure 2).

The IP survey is designed to identify deep conductors that could correspond to gold mineralization, and to target drill holes for the planned program in 2025. The IP survey is expected to be completed by mid-December 2024, with results expected in early 2025 following a review and interpretation of the data.



Figure 1: Alteration zonation by TerraSpec survey on the outcrop and thallium results from outcrop at Kuri Yawi.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2477/228557_042c330914c91bcc_001full.jpg



Figure 2: Magnetic airborne anomalies (blue areas indicate low magnetic conductivity and warm colours such as red-pink are highly magnetic) and thallium results on outcrop at Kuri Yawi.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2477/228557_042c330914c91bcc_002full.jpg

Sample Analysis & Quality Assurance / Quality Control ("QAQC")

Laboratories: The samples were prepared for analysis at ALS Global's ("ALS") lab in Quito, or at MS Analytical ("MSA") in Cuenca, Ecuador. Analysis by ALS was done in Lima, Peru, and MSA conducted their analyses in Vancouver, Canada.

Sample preparation: Rock samples were jaw-crushed to 10 mesh (crushed material passes through a mesh with apertures of 2 millimetres ("mm")), from which a one-kilogram sub-sample was taken. The sub-sample was crushed to a grain size of 0.075mm and a 200g split was set aside for analysis.

Analytical procedure: A 0.5g split of the -0.075mm fraction of rock samples underwent digestion by four-acids, and the liquid was analyzed for 48 elements by ICP-MS. Gold was analyzed by fire assay with an ICP-AES finish.

QAQC: Aurania personnel inserted a certified standard pulp sample, alternating with a field blank, at approximate 20 sample intervals in all sample batches. Aurania's analysis of results from its independent QAQC samples showed the batches reported on above, lie within acceptable limits. In addition, the labs reported that the analyses had passed their internal QAQC tests.

Qualified Persons:

The geological information contained in this news release has been verified and approved by Aurania's VP Exploration, Mr. Jean-Paul Pallier, MSc. Mr. Pallier is a designated EurGeol by the European Federation of Geologists and a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

About Aurania

Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and copper in South America. Its flagship asset, The Lost Cities - Cutucú Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.

Information on Aurania and technical reports are available at www.aurania.com and www.sedarplus.ca, as well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at https://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.

For further information, please contact:

Carolyn Muir
VP Corporate Development & Investor Relations
Aurania Resources Ltd.
[phone]
[e-mail]

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

Forward-Looking Statements

This news release contains forward-looking information as such term is defined in applicable securities laws, which relate to future events or future performance and reflect management's current expectations and assumptions. The forward-looking information includes Aurania's objectives, goals or future plans, statements, exploration results, potential mineralization, the corporation's portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration, timing of the commencement of operations, the Company's teams being on track ahead of any drill program, the commencement of any drill program and estimates of market conditions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to Aurania, including the assumption that, there will be no material adverse change in metal prices, all necessary consents, licenses, permits and approvals will be obtained, including various local government licenses and the market. 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. Risk factors that could cause actual results to differ materially from the results expressed or implied by the forward-looking information include, among other things: commodity prices, supply chain disruptions, restrictions on labour and workplace attendance and local and international travel; a failure to obtain or delays in obtaining the required regulatory licenses, permits, approvals and consents; an inability to access financing as needed; a general economic downturn, a volatile stock price, labour strikes, political unrest, changes in the mining regulatory regime governing Aurania; a failure to comply with environmental regulations; a weakening of market and industry reliance on precious metals and base metals; and those risks set out in the Company's public documents filed on SEDAR+. Aurania cautions the reader that the above list of risk factors is not exhaustive. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

SOURCE: Aurania Resources Ltd.

[Lone Clone]

SolGold Announces Cascabel Project Update

Award of Project Management Contract to G Mining Services for Cascabel Project Feasibility Study

https://www.accesswire.com/936051/solgold-plc-announces-cascabel-project-update

Monday, 28 October 2024 11:15 AM

BISHOPSGATE, LONDON / ACCESSWIRE / October 28, 2024 / SolGold plc (LSE:SOLG)(TSX:SOLG) ("SolGold" or the "Company") is pleased to announce that G Mining Services Inc. ("G Mining") has been awarded the contract to provide project management services for the Cascabel Project Feasibility Study ("FS"). This decision follows a competitive selection process that considered multiple firms with extensive mining expertise.

G Mining Services' project management scope will include overseeing timelines, milestones, and deliverables, as well as implementing and managing cost control systems. G Mining will develop and maintain detailed project schedules, assist SolGold with specialised consultant selection and contract management, and provide senior estimation services for project costing. Their team will also offer expertise in various engineering disciplines such as mining, infrastructure, metallurgy and processing, and capital and operating expense estimation. SolGold will continue to maintain substantial input in the selection of specialised consultants. This phase is key to de-risking the project and will lay the foundation for future development stages.

G Mining Services was selected for this important phase due to its substantial experience in the Ecuadorian mining sector, notably its success with the Fruta del Norte project, competitive cost structure, and availability to meet the project's timeline for this scope. With an established office in Quito, the capital of Ecuador, G Mining is well-positioned to offer local coordination and support. Their strong team, which combines international expertise and local knowledge, brings a wealth of experience in managing large-scale projects. Additionally, their collaborative approach, integrating with in-house management and specialist firms needed for key areas, ensures comprehensive project delivery.

G Mining Services has successfully delivered on several major global projects, including the Tocantinzinho Gold Project in Brazil and Newmont's Merian Mine in Suriname. In addition to their success with Lundin Gold's Fruta del Norte project in Ecuador, their extensive global experience positions them as a critical partner to continue de-risking and advancing the Cascabel Project.

Scott Caldwell, President and CEO of SolGold, remarked: "We are pleased to have G Mining onboard for this critical phase of the Cascabel project. Their Ecuadorian experience, cost-competitive approach, and strong team make them the ideal partners as we advance the project, de-risk key elements, and move forward. There remain numerous areas we feel meaningful improvements can be made to the existing PFS, particularly in the areas of the inclusion of the Tandayama-Ameríca open cut resources, gold and copper recovery, improved mine plan, site layout and infrastructure efficiency, power supply, waste rock and tailings management. We look forward to G Mining's assistance in this evaluation. At the same time, we are working on the processes to secure the various permits to facilitate access to development and the balance of the financing that will be required for a development decision."

Mathieu Gignac, President of G Mining Services, commented:"We are excited to collaborate with SolGold on the Cascabel Project, a world-class copper-gold deposit with immense potential. Our team's experience in managing large-scale projects like Cascabel, combined with our local presence in Ecuador, positions us to help SolGold unlock significant value while systematically de-risking and advancing this outstanding asset."

CONTACTS

Chris Robinson
Director of Corporate Operation
& Communications

Tel: [phone]

Tavistock (Media)
Jos Simson/Gareth Tredway

Tel: [phone]

ABOUT SOLGOLD

SolGold is a leading resources company focused on the discovery, definition and development of world-class copper and gold deposits and continues to strive to deliver objectives efficiently and in the interests of shareholders.

The Company operates with transparency and in accordance with international best practices. SolGold is committed to delivering value to its shareholders while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace, and minimizing environmental impact.

SolGold is listed on the London Stock Exchange and Toronto Stock Exchange (LSE/TSX: SOLG).

See www.solgold.com.au for more information. Follow us on X @SolGold_plc.

CAUTIONARY NOTICE

News releases, presentations and public commentary made by SolGold plc (the "Company") and its Officers may contain certain statements and expressions of belief, expectation or opinion which are forward looking statements, and which relate, inter alia, to interpretations of exploration results to date and the Company's proposed strategy, plans and objectives or to the expectations or intentions of the Company's Directors, including the plan for developing the Project currently being studied as well as the expectations of the Company as to the forward price of copper. Such forward-looking and interpretative statements involve known and unknown risks, uncertainties and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such interpretations and forward-looking statements.

Accordingly, the reader should not rely on any interpretations or forward-looking statements; and save as required by the exchange rules of the TSX and LSE or by applicable laws, the Company does not accept any obligation to disseminate any updates or revisions to such interpretations or forward-looking statements. The Company may reinterpret results to date as the status of its assets and projects changes with time expenditure, metals prices and other affecting circumstances.

This release may contain "forward looking information". Forward looking information includes, but is not limited to, statements regarding the Company's plans for developing its properties. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".

Forward looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward looking information, including but not limited to: transaction risks; general business, economic, competitive, political and social uncertainties; future prices of mineral prices; accidents, labour disputes and shortages and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, risks relating to the ability of exploration activities (including assay results) to accurately predict mineralization; errors in management's geological modelling and/or mine development plan; capital and operating costs varying significantly from estimates; the preliminary nature of visual assessments; delays in obtaining or failures to obtain required governmental, environmental or other required approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; the global economic climate; fluctuations in commodity prices; the ability of the Company to complete further exploration activities, including drilling; delays in the development of projects; environmental risks; community and non-governmental actions; other risks involved in the mineral exploration and development industry; the ability of the Company to retain its key management employees and skilled and experienced personnel; and those risks set out in the Company's public documents filed on SEDAR+ at www.sedarplus.ca. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

The Company and its officers do not endorse, or reject or otherwise comment on the conclusions, interpretations or views expressed in press articles or third-party analysis.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

SOURCE: SolGold PLC

[Lone Clone]

Cameo Enters LOI to Purchase Option on VMP Gold Property

https://thenewswire.com/press-releases/1Bb4Fd1QZ-cameo-enters-loi-to-purchase-option-on-vmp-gold-property.html

October 15, 2024 – TheNewswire - SURREY, British Columbia – Cameo Resources Inc. (CSE: MEO)

[Lone Clone]

LUNDIN GOLD REPORTS PRODUCTION OF 122,154 OUNCES OF GOLD IN THE THIRD QUARTER OF 2024

https://www.newswire.ca/news-releases/lundin-gold-reports-production-of-122-154-ounces-of-gold-in-the-third-quarter-of-2024-890266382.html

Lundin Gold Inc. Oct 08, 2024, 21:30 ET

VANCOUVER, BC, Oct. 8, 2024 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF

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Solaris Reports 87m of 1.23% CuEq, 93m of 1.01% CuEq and 84m of 1.00% CuEq Improving Modelled Grades Near Surface in MRE

https://ca.finance.yahoo.com/news/solaris-reports-87m-1-23-110000396.html

Solaris Resources
Mon, October 7, 2024 at 4:00 a.m. PDT·8 min read

SLSR
-1.80%

QUITO, Ecuador, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Solaris Resources Inc. (TSX: SLS; NYSE: SLSR)

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SolGold Announces Release of FY24 Annual Report and Accounts

https://ca.finance.yahoo.com/news/solgold-plc-announces-release-fy24-062000732.html

SolGold PLC
Thu, September 26, 2024 at 11:20 p.m. PDT·8 min read

SLGGF
0.00%

BISHOPSGATE, LONDON / ACCESSWIRE / September 27, 2024 / The Board of Directors of SolGold (LSE:SOLG)(TSX:SOLG) is

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Solaris Reports 475m of 1.03% CuEq from Surface in New Drilling as Further Productivity Gains Drive Record 10km Drilled in August

https://ca.finance.yahoo.com/news/solaris-reports-475m-1-03-110000583.html

Solaris Resources
Thu, September 19, 2024 at 4:00 a.m. PDT·9 min read

SLSR
+8.90%

QUITO, Ecuador, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Solaris Resources Inc. (TSX: SLS; NYSE: SLSR

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SolGold Announces Company Update

https://www.accesswire.com/918314/solgold-plc-announces-company-update

Monday, 16 September 2024 02:30 AM

BISHOPSGATE, LONDON / ACCESSWIRE / September 16, 2024 / SolGold plc (LSE:SOLG)(TSX:SOLG) is pleased to provide an update on its 100% owned Cascabel Project ("Cascabel" or "Project"), regional exploration projects, and additional strategic initiatives.

Highlights

SolGold is making significant progress across its portfolio:

Building on SolGold's previous efforts, preparations for the geotechnical program at Cascabel's Tailings Storage Facility ("TSF") are progressing, with drilling locations and depths established. In recent weeks, scouting efforts have been completed evaluating current operating conditions and access routes, ensuring readiness for the planned mobilization of drill rigs in the fourth quarter of 2024.

Assay results from the soil samples taken at the Cielito Norte target within the Blanca Nieves project in the first half of 2024 have been received and are undergoing detailed analysis to further understand the mineral potential at this highly prospective target. Cielito Norte covers approximately 6 km2 of variable altered and mineralised intrusive and volcanic rocks hosting previously reported high gold grade quartz veins indicative of a significant intrusive related copper and gold system located approximately 8 km north-northwest of Cascabel.1,2

SolGold is entering the consultation phase of permitting for the Porvenir Project ("Porvenir"), an essential part of Ecuador's permitting process to enhance community engagement and regulatory compliance. The Company completed the first stage of the permitting process in July, obtaining the advanced exploration permit for Porvenir from the Ministry of Energy and Mines. The successful completion of the consultation process, application submission, and the Ministry of Environment's approval are required for the issuance of the environmental license necessary to enable any potential future drilling activities at Porvenir.

Cascabel Project Update

In August and September, SolGold hosted site visits from Knight Piésold Pty Ltd (Australia and Peru), SRK Consulting (Canada) Inc., Sedgman Canada Ltd and other consultants. These industry experts, specializing in areas such as Block Caving, Geotechnical Studies, Mining, Geology, Mineral Processing, Metallurgy, TSF, Civil Engineering, Permitting, Environmental, Social, and Governance, engaged with senior management to review and refine Project development strategies, and identify opportunities for improvement in the recent Pre-feasibility Study outcomes for Cascabel.3,4

To accelerate Project de-risking, SolGold has issued tenders to several internationally recognized consulting firms. These contracts, once assigned, will contribute to advancing the Project to the feasibility study phase.

The Company has renewed option agreements with land and concession owners in areas identified as potential infrastructure zones for the Project's development that were due to expire earlier this year.

Exploration Update

Developments at the Cielito Norte Target in Blanca Nieves, 8 km north-northwest of Cascabel:

Geological Setting: The Cielito Norte target is strategically positioned between two key vein systems: the northeast-southwest El-Cielito vein system to the south and the northwest-southeast La Florida vein system to the east. This unique geological setting enhances the prospectivity of the area. The vein systems are interpreted to lie on the margins of a significant porphyry target.1,2

High-Grade Gold Occurrences: Bonanza gold grades have been identified within quartz veins at El Cielito, occurring at elevations between 1,000 and 1,150 metres above sea level and La Florida, between 1,200 and 1,250 metres above sea level. These findings indicate a consistent and significant level of gold deposition across the target area, reinforcing the potential for high-value mineralization and the potential for a targeted porphyry system at depth. 1,2

Extensive Geochemical Anomalies: A comprehensive soil grid covering an area of 3.4 km by 1.8 km was completed at Cielito Norte, yielding 566 soil samples. The results revealed a broad argillic alteration zone with notable anomalies in gold (Au), silver (Ag), antimony (Sb), arsenic (As), and mercury (Hg), predominantly between 1,300 and 1,700 meters above sea level. This extensive geochemical footprint underscores the robustness of the mineralized system.

Future Area Exploration Work: The soil anomalies at Cielito Norte, located at the side of and topographically at a higher elevation than the well-documented Au-Ag quartz veins, indicate a highly prospective zone to have a well-preserved mineralized system with the potential for hosting higher-grade epithermal Au-Ag mineralization for a vertical extent of at least 250 meters. The presence of high-grade gold values supports the rationale for exploration efforts that focus on delineating the vertical and lateral extents of these promising mineralized systems and potential related porphyry systems. 1,2

Corporate Governance

As part of SolGold's commitment to strong corporate governance, Director and Audit & Risk Committee Chair Charles Joseland, Director and Audit & Risk Committee member María Amparo Albán, Director John Liu, and Director and CEO Scott Caldwell accompanied SolGold's corporate advisors on a visit to the Cascabel site and attended meetings at the Company's office in Quito. The visit and meetings in September were integral to a comprehensive review of the Company's governance, highlighting SolGold's dedication to transparency and rigorous oversight.

Strategic Conferences and Industry Engagement

In September, SolGold is participating in key industry conferences, including the Denver Gold Forum and Beaver Creek Precious Metals Summit, followed by the CGES 2024: Colombia mining conference in October. These events offer opportunities to present the Company's recent technical and financial achievements and strengthen relationships with current and prospective shareholders and industry stakeholders. Management looks forward to engaging in strategic discussions to advance SolGold's objectives further.

Looking Ahead

As SolGold continues to advance its strategic objectives, the management team is focusing on several key initiatives designed to drive progress and enhance shareholder value:

Mobilization of Drill Rigs: Preparations are underway for the mobilization of drill rigs for geotechnical work at Cascabel, scheduled to begin in Q4 2024. This phase is critical for ensuring the structural integrity of the proposed infrastructure and tailings storage facilities.

Porvenir Permitting: The Company expects to complete the consultation phase for the Porvenir Project during calendar Q4 2024, followed by the submission of the application to the Ministry of Environment in calendar Q1 2025.

Expansion of the Project Team: Continuing the efforts outlined last month, SolGold is in the process of expanding its Project team with strategic hires and consultants, bringing expertise in civil engineering, environmental management, and community relations. These efforts are poised to enhance our Project execution capabilities as we gear up for critical phases ahead.

Enhanced Community Engagement: Plans are in progress to launch a series of community engagement initiatives aimed at ensuring the sustainable development of our projects. These initiatives include educational programs, local workforce training, and health and safety campaigns.

Strategic Exploration Planning: Leveraging the encouraging outcomes from the El Cielito and La Florida vein systems and at the Cielito Norte target, the team is drafting a detailed exploration program to investigate the vertical and lateral extents of these mineralized zones. The proposed program may include expanded soil sampling efforts in the La Florida area and incorporate Induced Polarization (IP) geophysics to trace the continuity of identified anomalies and structures, and a magnetic survey over selected parts of the area to complement an existing partial magnetic survey over Blanca Nieves. It is anticipated that integrative mapping of these data would equip our geological team with a more comprehensive understanding of the prospect's potential.

As SolGold advances and de-risks the Cascabel Project, Management remains focused on delivering results through diligent planning and responsible management, with our established commitment to excellence in environmental, social, and governance practices at the core. The Company anticipates sharing additional updates as the Board and Management advance SolGold's initiatives.

Endnotes

1. Refer to news release dated 05 December 2023 on Sedar+ and the Company's website. Link: 2023-12-05 Release

2. Refer to news release dated 19 March 2024 on Sedar+ and the Company's website. Link: 2024-03-19 Release

3. Refer to news release dated 16 February 2024 on Sedar+ and the Company's website. Link: 2024-02-16 Release

4. Refer to news release dated 12 March 2024 on Sedar+ and the Company's website. Link: 2024-03-12 Release

About SolGold SolGold is a leading exploration company focused on the discovery and definition of world-class copper-gold deposits. The company holds a portfolio of exploration projects in Ecuador. SolGold's primary objective is to discover and develop ecological copper and gold deposits through a disciplined exploration approach led by an experienced management team.

Qualified Person:

Above information relating to the exploration results is based on data reviewed by Mr. Santiago Vaca (M.Sc. P.Geo.). Mr. Vaca joined SolGold in 2014 as Chief Geologist for the Cascabel project and is an Ecuadorian geologist with over 19 years of experience in mineral Exploration and research. Mr. Vaca holds a Professional Geoscientist Certification (P.Geo) granted by the Association of Professional Engineers and Geoscientists of Alberta (APEGA) in Canada and is a Qualified Person for the purposes of the relevant LSE and TSX Rules. Mr. Vaca consents to the inclusion of the information in the form and context in which it appears.

CONTACTS

Chris Robinson
Director of Corporate Operations
& Communications

Tel: [phone]

Tavistock (Media)
Jos Simson/Gareth Tredway

Tel: [phone]

ABOUT SOLGOLD

SolGold is a leading resources company focused on the discovery, definition and development of world-class copper and gold deposits and continues to strive to deliver objectives efficiently and in the interests of shareholders.

The Company operates with transparency and in accordance with international best practices. SolGold is committed to delivering value to its shareholders while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace, and minimizing environmental impact.

SolGold is listed on the London Stock Exchange and Toronto Stock Exchange (LSE/TSX: SOLG).

See www.solgold.com.au for more information. Follow us on X @SolGold_plc.

CAUTIONARY NOTICE

News releases, presentations and public commentary made by SolGold plc (the "Company") and its Officers may contain certain statements and expressions of belief, expectation or opinion which are forward looking statements, and which relate, inter alia, to interpretations of exploration results to date and the Company's proposed strategy, plans and objectives or to the expectations or intentions of the Company's Directors, including the plan for developing the Project currently being studied as well as the expectations of the Company as to the forward price of copper. Such forward-looking and interpretative statements involve known and unknown risks, uncertainties and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such interpretations and forward-looking statements.

Accordingly, the reader should not rely on any interpretations or forward-looking statements; and save as required by the exchange rules of the TSX and LSE or by applicable laws, the Company does not accept any obligation to disseminate any updates or revisions to such interpretations or forward-looking statements. The Company may reinterpret results to date as the status of its assets and projects changes with time expenditure, metals prices and other affecting circumstances.

This release may contain "forward looking information". Forward looking information includes, but is not limited to, statements regarding the Company's plans for developing its properties. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".

Forward looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward looking information, including but not limited to: transaction risks; general business, economic, competitive, political and social uncertainties; future prices of mineral prices; accidents, labour disputes and shortages and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, risks relating to the ability of exploration activities (including assay results) to accurately predict mineralization; errors in management's geological modelling and/or mine development plan; capital and operating costs varying significantly from estimates; the preliminary nature of visual assessments; delays in obtaining or failures to obtain required governmental, environmental or other required approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; the global economic climate; fluctuations in commodity prices; the ability of the Company to complete further exploration activities, including drilling; delays in the development of projects; environmental risks; community and non-governmental actions; other risks involved in the mineral exploration and development industry; the ability of the Company to retain its key management employees and skilled and experienced personnel; and those risks set out in the Company's public documents filed on SEDAR+ at www.sedarplus.ca. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

The Company and its officers do not endorse, or reject or otherwise comment on the conclusions, interpretations or views expressed in press articles or third-party analysis.

Quality Assurance / Quality Control on Sample Collection, Security and Assaying

SolGold operates according to its rigorous Quality Assurance and Quality Control (QA/QC) protocol, which is consistent with industry best practices.

Primary sample collection involves secure transport from SolGold's concessions in Ecuador, to the ALS certified sample preparation facility in Quito, Ecuador. Samples are then air freighted from Quito to the ALS certified laboratory in Lima, Peru where the assaying of drill core, channel samples, rock chips and soil samples is undertaken. SolGold utilises ALS certified laboratories in Canada and Australia for the analysis of metallurgical samples.

Samples are prepared and analysed using 100g 4-Acid digest ICP with MS finish for 48 elements on a 0.25g aliquot (ME-MS61). Laboratory performance is routinely monitored using umpire assays, check batches and inter-laboratory comparisons between ALS certified laboratory in Lima and the ACME certified laboratory in Cuenca, Ecuador.

In order to monitor the ongoing quality of its analytical database, SolGold's QA/QC protocol encompasses standard sampling methodologies, including the insertion of certified powder blanks, coarse chip blanks, standards, pulp duplicates and field duplicates. The blanks and standards are Certified Reference Materials supplied by Ore Research and Exploration, Australia.

SolGold's QA/QC protocol also monitors the ongoing quality of its analytical database. The Company's protocol involves Independent data validation of the digital analytical database including search for sample overlaps, duplicate or absent samples as well as anomalous assay and survey results. These are routinely performed ahead of Mineral Resource Estimates and Feasibility Studies. No material QA/QC issues have been identified with respect to sample collection, security and assaying.

Reviews of the sample preparation, chain of custody, data security procedures and assaying methods used by SolGold confirm that they are consistent with industry best practices and all results stated in this announcement have passed SolGold's QA/QC protocol.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

SOURCE: SolGold PLC

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Solaris Identifies Additional Veins as Celestina Epithermal Target Takes Shape; Reports 16,019 g/t Silver and 25.3 g/t Gold in Follow-Up Sampling

https://ca.finance.yahoo.com/news/solaris-identifies-additional-veins-celestina-110000758.html

Solaris Resources
Tue, September 10, 2024 at 4:00 a.m. PDT·4 min read

SLSR
+0.99%

QUITO, Ecuador, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Solaris Resources Inc. (TSX: SLS; NYSE: SLSR) (“Solaris” or the “Company”) is pleased to provide an update on recent results from the Celestina target area as part of its continuing district exploration program. Celestina lies within the search domain for epithermal deposits east of the Warintza porphyry cluster and is defined by a 4.5km by 3km area of hydrothermal alteration and elevated zinc, lead, arsenic and mercury values in soil.

Additional prospecting in an overburden-covered area outside of these anomalies has identified three parallel vein exposures in creek beds within 100m either side of the original breccia outcrop (see press release dated June 25, 2024). Follow-up rock chip sampling has returned high values of 16,019 g/t silver and 25.3 g/t gold, with other samples supporting the presence of an underlying silver-gold-base metals vein system.

The exposures that have been identified to date are located in a soft and chemically-reactive mudstone unit that may have acted as a caprock to the hydrothermal system. The conceptual exploration target at Celestina therefore lies in the underlying volcanic rocks that had full exposure to the hydrothermal cell while also having the properties to support robust vein and fracture formation.

Ongoing field work is now focused on locating additional exposures that provide further views to the underlying vein system while expanding coverage to define its areal extent. More detailed mapping, sampling and alteration studies are aiming to better define zonation while nearby geotechnical drilling this month is expected to confirm the stratigraphic sequence. Together these efforts will aid in establishing vectors to support site selection for initial reconnaissance drilling.

District exploration efforts in other target areas continue to progress with recent geotechnical drilling in the Caya-Mateo target area encountering epithermal clay alteration beneath overburden in a sandstone unit and high-temperature alteration in the underlying volcanics. Geotechnical drilling in the Mateo area encountered the same high-temperature alteration in volcanics with follow-up mapping and sampling programs planned to extend coverage further southeast toward its interpreted core.

Figure 1 – Maps of Soil and Alteration Anomalies



Figure 1 – Maps of Soil and Alteration Anomalies

Figure 1: Left - map showing zinc and lead soil anomalies that are thought to reflect zonation within the Celestina hydrothermal system together with arsenic and mercury epithermal pathfinder elements. Right - hydrothermal clay alteration anomalies provide additional information to establish zonation.

Figure 2 – Cross-Section of Conceptual Exploration Target



Figure 2 – Cross-Section of Conceptual Exploration Target

Figure 2: Conceptual cross-section showing mudstone unit hosting surface exposures stratigraphically above the exploration target in competent volcanic rocks capable of supporting robust vein development. Specimens from three quartz-carbonate veins displaying semi-massive sulphides. Lines in the scale bar in the photographs are at mm intervals.

Figure 3 – Vein Specimen Closeup



Figure 3 – Vein Specimen Closeup

Figure 3: Specimen from quartz-carbonate vein which assayed 0.09 g/t Au, 21 g/t Ag, 42 ppm As, 11 ppm Sb. Lines in the scale bar in the photograph are at mm intervals.

Technical Information and Quality Control & Quality Assurance

Soil and rock sample assay results have been independently monitored through a quality control/quality assurance (“QA/QC”) program that includes the insertion of blind certified reference materials (standards), blanks and field duplicate samples. Logging and sampling are completed at a secured Company facility located on site. Sample pulps are sent to ALS Labs in Lima, Peru and Vancouver, Canada for analysis. Total copper and silver contents are determined by four-acid digestion with AAS finish. Gold is determined by fire assay of a 30-gram charge. In addition, selected pulp check samples are sent to Bureau Veritas lab in Lima, Peru. Both ALS Labs and Bureau Veritas lab are independent of Solaris. Solaris is not aware of any drilling, sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to herein. The technical data has been verified by Jorge Fierro, M.Sc., DIC, PG, using data validation and quality assurance procedures under high industry standards. The verification activities included a search for factual errors, completeness of the lithological and assay data, and suitability of the primary data. As part of the database verification activities, the assay information and certificates obtained directly from the analytical laboratory have been examined as well.

Qualified Person

The scientific and technical content of this press release has been reviewed and approved by Jorge Fierro, M.Sc., DIC, PG, Vice President Exploration of Solaris who is a “Qualified Person” as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects. Jorge Fierro is a Registered Professional Geologist through the SME (registered member #4279075).

On behalf of the Board of Solaris Resources Inc.

“Daniel Earle”
President & CEO, Director

For Further Information

Jacqueline Wagenaar, VP Investor Relations
Direct: 416-366-5678 Ext. 203
Email: [e-mail]

About Solaris Resources Inc.

Solaris is advancing a portfolio of copper and gold assets in the Americas, which includes a world class copper resource with expansion and discovery potential at its Warintza Project in Ecuador; a series of grass roots exploration projects with discovery potential in Peru and Chile; and significant leverage to increasing copper prices through its 60% interest in the La Verde joint-venture project with a subsidiary of Teck Resources in Mexico.

Cautionary Notes and Forward-looking Statements

This document contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of the words “will” and “expected” and similar expressions are intended to identify forward-looking statements. These statements include statements that other samples support the presence of an underlying silver-gold-base metals vein system, the mudstone unit may have acted as a caprock to the hydrothermal system, the conceptual exploration target at Celestina therefore lies in the underlying volcanic rocks that had full exposure to the hydrothermal cell while also having the properties to support robust vein and fracture formation, ongoing field work is now focused on locating additional exposures that provide further views to the underlying vein system while expanding coverage to define its areal extent, more detailed mapping, sampling and alteration studies are aiming to better define zonation while nearby geotechnical drilling this month is expected to confirm the stratigraphic sequence, together these efforts will aid in establishing vectors to support site selection for initial reconnaissance drilling, district exploration efforts in other target areas continue to progress with recent geotechnical drilling in the Caya-Mateo target area encountering epithermal clay alteration beneath overburden in a sandstone unit and high-temperature alteration in the underlying volcanics, geotechnical drilling in the Mateo area encountered the same high-temperature alteration in volcanics with follow-up mapping and sampling programs planned to extend coverage further southeast toward its interpreted core. Although Solaris believes that the expectations reflected in such forward-looking statements and/or information are reasonable, readers are cautioned that actual results may vary from the forward-looking statements. The Company has based these forward-looking statements and information on the Company’s current expectations and assumptions about future events including assumptions regarding the exploration and regional programs. These statements also involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in the Solaris Management’s Discussion and Analysis, for the year ended December 31, 2023 available at www.sedarplus.ca. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and Solaris does not undertake any obligation to publicly update or revise any of these forward-looking statements except as may be required by applicable securities laws.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/4a737196-abb1-4e5d-824e-44e0139995f6

https://www.globenewswire.com/NewsRoom/AttachmentNg/b901b063-a6cf-4de8-8117-83f8833b507b

https://www.globenewswire.com/NewsRoom/AttachmentNg/25a89450-159f-44fd-8989-75d9822c0b60

[Lone Clone]

Solaris Submits Environmental Impact Assessment for Construction of Warintza; Announces Initial Steps to Emigrate to Ecuador

https://ca.finance.yahoo.com/news/solaris-submits-environmental-impact-assessment-110000568.html

Solaris Resources
Mon, September 9, 2024 at 4:00 a.m. PDT·5 min read

SLSR
+1.81%

QUITO, Ecuador, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Solaris Resources Inc. (TSX: SLS; NYSE: SLSR) (“Solaris” or the “Company”) is pleased to report that it has submitted an Environmental Impact Assessment (“EIA”) to the Ministry of Environment, Water and Ecological Transition (“MAATE”) for the construction of the Warintza Project (“Warintza” or “the Project”) in southeastern Ecuador.

The EIA spans over 3,000 pages and represents the culmination of more than three and a half years of dialogue, traditional learning, baseline environmental monitoring, data collection and studies. It is compliant with Ecuadorean regulations, leading international practices, and aligns with the globally recognized Equator Principles framework and Performance Standards on Environmental and Social Sustainability promulgated by the International Finance Corporation.

This report builds on prior permitting, including an EIA and community consultations resulting in the granting of an environmental license for advanced exploration in 2023 which facilitated significant site infrastructure and Project development. To date, over US$170 million¹ has been invested in the Project, with nearly 100% procurement through Ecuadorean supply chains and 55% from local cantons. The Project employs over 500 people and is the only significant source of formal employment available locally and one of the largest job creators in the region.

The EIA was prepared by ESSAM Cía. Ltda. (“ESSAM”), an accredited Ecuadorean environmental consulting firm that has successfully completed several EIAs for mining projects in Ecuador, including the Mirador copper mine 40km south of Warintza, and a series of Environmental Compliance Audits for the Fruta del Norte gold mine south of that. ESSAM used input and technical data prepared by respected international firms, particularly Knight Piésold Consulting, a recognized expert in tailings, waste, water and closure design, and Ausenco, an expert in metallurgical studies and process plant design.

With the successful completion of this milestone, the Company has confirmed with its lender that the second tranche of US$15 million will be drawn on its previously announced Offtake Credit Facility in the coming days and remains well-funded with available liquidity of US$84 million. The next update on permitting is expected with the technical approval of the EIA in H1/25.

Mr. Antonio Goncalves, Minister of Energy and Mines, commented, “The steady progress of the Warintza Project is positive for Ecuador. The Project is advancing in compliance with all legal regulations and will soon generate thousands of jobs and major economic growth in the Province of Morona Santiago. The administration of President Daniel Noboa supports this type of mining Project – one that has the support of the communities in its direct area of influence and is designed to meet high social, environmental, and technical standards.”

Mr. Sixto Cóndor, Governor of Morona Santiago, commented, “Warintza is a project that will bring great opportunities and impetus to the development of the province. Like the Mirador project, which I recently visited, and its positive impacts in Zamora-Chinchipe, Warintza will be an engine for growth in Morona Santiago, with more generation of local employment sources, revitalization of the economy, social benefits, support for entrepreneurship, businesses and local suppliers. With Warintza, we will have a better province, with greater wealth to be distributed and better opportunities. We are ready to move forward.”

Mr. Antonio Castillo, Mayor of Limón Indanza, commented, “The people of Limón Indanza have benefited and will continue to benefit significantly through the creation of local employment and opportunities for the canton's suppliers with the Warintza Project. The communities of Warints and Yawi decided to sign an agreement with the Company, through the Strategic Alliance, for the advancement of the Project and, as a Municipality, we respect and support this decision to work together.”

Mr. Javier Toro, Chief Operating Officer of Solaris, commented, "The submission of the EIA and commencement of permitting for construction is a major milestone for the Warintza Project. We are very grateful to all our supporters, and in particular to our host communities and the Advisory Board of the Strategic Alliance of the Warintza Project who have been integral to the socialization of this EIA, the Mayor of Limón Indanza, the Governor of the Province of Morona Santiago, and the diligent professionals at MAATE.”

Initial Emigration Steps – Solaris is also pleased to announce initial steps towards aligning the Company and its management with stakeholders and regulators in Ecuador as Warintza enters the permitting stage. The Company is transitioning its head office to Quito, Ecuador, where certain of Solaris’ senior management team will work from. Solaris is continuing to evaluate further steps to complete a greater transition to Ecuador. The Company does not currently anticipate that any such further steps will pose adverse tax consequences for the Company or require a change of stock exchange listings.

Endnotes

Refer to Management’s Discussion and Analysis for the six months ended June 30, 2024 on the Company’s website.

On behalf of the Board of Solaris Resources Inc.

“Daniel Earle”
President & CEO, Director

For Further Information

Jacqueline Wagenaar, VP Investor Relations
Direct: 416-366-5678 Ext. 203
Email: [e-mail]

About Solaris Resources Inc.

Solaris is advancing a portfolio of copper and gold assets in the Americas, which includes a world class copper resource with expansion and discovery potential at its Warintza Project in Ecuador; a series of grass roots exploration projects with discovery potential in Peru and Chile; and significant leverage to increasing copper prices through its 60% interest in the La Verde joint-venture project with a subsidiary of Teck Resources in Mexico.

Cautionary Notes and Forward-looking Statements

This document contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of the words “will” and “expected” and similar expressions are intended to identify forward-looking statements. These statements include statements that the second tranche of US$15 million will be drawn on its previously announced Offtake Credit Facility in the coming days and the Company remains well-funded with available liquidity of US$84 million, The next update on permitting is expected with the technical approval of the EIA in H1/25, the Company is transitioning its head office to Quito, Ecuador, where certain of Solaris’ senior management team will work from, Solaris is continuing to evaluate further steps to complete a greater transition to Ecuador, the Company does not currently anticipate that any such further steps will pose adverse tax consequences for the Company or require a change of stock exchange listings. Although Solaris believes that the expectations reflected in such forward-looking statements and/or information are reasonable, readers are cautioned that actual results may vary from the forward-looking statements. The Company has based these forward-looking statements and information on the Company’s current expectations and assumptions about future events including assumptions regarding the exploration and technical programs, permitting, that further emigration steps will be taken, and steps to emigrate to Ecuador. These statements also involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including with respect to the Company’s future strategic plans, and the risks, uncertainties and other factors identified in the Solaris Management’s Discussion and Analysis, for the year ended December 31, 2023 available at www.sedarplus.ca. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and Solaris does not undertake any obligation to publicly update or revise any of these forward-looking statements except as may be required by applicable securities laws.

[Lone Clone]

Salazar/Silvercorp Updates El Domo Development Plans and Staffing

https://www.newswire.ca/news-releases/silvercorp-updates-el-domo-development-plans-and-staffing-850929978.html

Silvercorp Metals Inc Aug 21, 2024, 08:00 ET

Trading Symbols:
SVM (TSX/NYSE American)
SRL (TSXV), SRLZF (OTCQB)

VANCOUVER, BC, Aug. 21, 2024 /CNW/ - With the successful acquisition of Adventus Mining Corporation on July 31, 2024 and the receipt of the Change of Phase for the El Domo copper-gold project (the "Project") (see August 6, 2024 news release), Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM), its Ecuadorian subsidiary, Curimining S.A. ("Curimining"), and Salazar Resources Limited (TSXV: SRL) (OTCQB: SRLZF) ("Salazar", collectively with Silvercorp, and Curimining, the "Companies"), are pleased to report that the Companies have initiated the process for construction with a goal to bring the Project into production some time in 2026, as previously planned.



Table 1. (CNW Group/Silvercorp Metals Inc)





Senior Mining Executives Added to the Team



Silvercorp has recently hired Jaymes Dircks to be the General Manager of Curimining, to lead the construction of the Project. Jaymes specializes in mine construction and project management. Previously, he worked at B2Gold Corp. where he was the General Manager of B2Gold Nunavut. Prior to that, he was with Sabina Gold & Silver Corp. where he was the construction director of the Backriver Project in Nunavut, and Aldridge Minerals Inc. where he was the EPC director for the Yenipazar mine in Turkey. Jaymes has over 30 years of experience in all aspects of mining development, with a focus on on-site construction leadership. Jaymes will spend the preponderance of his time in Ecuador at the Project site.

In addition to Jaymes, the Company has also hired a senior mining engineer with experience in building and operating large scale open pittable copper mines.

Construction Preparation and Flowsheet Improvement

The Company has also identified several priority and parallel projects, such as 1) further metallurgical test work to improve metal recoveries, 2) advancing the power supply for mine operation, as well as optimization and improvement of access infrastructure, 3) completing Detailed Engineering Design, including the improved operational efficiency of the process plant, mining pit optimization and construction planning based on the 2021 Feasibility Study1, and 4) reviewing and selecting suitable vendors, such as experienced mine, process plant and tailings storage facility builders, and processing equipment manufacturers for the mills.

The metallurgical test work may have the most impact on the improvement of the economics of the Project. The current flow sheet, as defined in the 2021 Feasibility Study, floats all sulphide minerals ("bulk float") in the rougher circuit, including copper ("Cu"), zinc ("Zn"), lead ("Pb") and pyrite first, and then separates copper, zinc, and lead into three different concentrates, with approximately 36% of the gold ("Au") and 33% of the silver ("Ag") reporting to the copper concentrate, and approximately 15% of the Au and 24% of the Ag reporting to the zinc concentrate.

After reviewing the 2019 metallurgical study by Base Met Labs, located in Kamloops, British Columbia and Curimining, the Company has found that the tests that sequentially floating copper first yielded much higher Au and Ag recoveries (see table below) at the lower concentrate mass pull than the current bulk flotation flowsheet, especially the Test #26, which yielded a rougher copper concentrate with 87% Cu, 74% Au, and 53% Ag recoveries. For unknown reasons, these sequential selective flotation of copper upfront tests were not continued after 2019.

Based on this analysis, the Company plans to drill for metallurgical samples for further testing. Any potential process optimization arising from this test work will still result in the Project producing the same three different concentrates via a flotation process. In parallel to the metallurgical drilling, a five-hole geotechnical drilling campaign has also been planned to optimize open pit slope design and mine planning.



______________________________________

1 NI 43-101 Technical Report Feasibility Study Curipamba El Domo Project Central Ecuador, Effective Date October 26, 2021, available on www.sedarplus.ca




Qualified Person

Jinxing Ji, P. Eng., an independent consultant engaged by Silvercorp is a qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"), and has reviewed and given consent to the scientific and technical information contained in this news release.

About Silvercorp

Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company's strategy is to create shareholder value by 1) focusing on generating free cashflow from long-life mines; 2) organic growth through extensive drilling for discovery; 3) ongoing merger and acquisition efforts to unlock value; and 4) a long-term commitment to responsible mining and ESG. For more information, please visit our website at www.silvercorpmetals.com.

About Salazar

Salazar Resources Limited is focused on creating value and positive change through discovery, exploration, and development in Ecuador. The team has an unrivalled understanding of the geology in-country and has played an integral role in the discovery of many of the major projects in Ecuador, including the two newest operating gold and copper mines. Salazar Resources has a wholly owned pipeline of copper-gold exploration projects across Ecuador with a strategy to make another commercial discovery and farm-out non-core assets. The Company actively engages with Ecuadorian communities and together with the Salazar family it co-founded The Salazar Foundation, an independent non-profit organization dedicated to sustainable progress through economic development. The Company already has carried interests in three projects. At its maiden discovery, Curipamba, Salazar Resources has a 25% stake fully carried through to production. At two copper-gold porphyry projects, Pijili and Santiago, the Company has a 20% stake fully carried through to a construction decision.

About the El Domo Project

El-Domo is a high grade copper-gold project located in Central Ecuador, approximately 150 km northeast of the major port city of Guayaquil – about a 3-hour drive. The project concessions span low-lying hills and plains between 300 to 900 masl. El Domo is a flat-lying tabular shaped VMS deposit, with mineralization beginning at 30 metres from surface and dimensions of approximately 800 x 400 metres. Three well-maintained gravel roads provide direct site access to El Domo.

For further information:

Silvercorp Metals Inc.
Lon Shaver
President
Phone: [phone]
Toll Free 1(888) 224-1881
Email: [e-mail]
Website: www.silvercorpmetals.com

CAUTIONARY DISCLAIMER - FORWARD-LOOKING STATEMENTS

This news release includes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable securities laws relating to, among other things the discussions regarding strategies for the development of the Project; the start of construction at the Project and the timing of bringing it into production; the timing and results of further metallurgical tests, geotechnical drilling, advancing power supply, optimizing access infrastructure, completing detailed engineering design, improving process plant efficiency, mining pit optimization, and selecting vendors for mine, process plant, tailings storage, and mill equipment. By their very nature, forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These forward-looking statements and information reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. Such factors and assumptions include, amongst others, risks related to the exploration, development, production, recoveries and other anticipated or possible future developments at the Project, including, without limitation, that exploration, development and production activities will not occur or be as anticipated; business integration risks; the outcome of the appeal (the "Appeal") to the provincial court of the ruling made by the local court in Las Naves Canton, Bolívar Province, Ecuador in respect of litigation brought by a group of plaintiffs concerning the environmental consultation process for the Project; change in national and local governments, legislation, taxation, controls, regulations and political or economic developments; all necessary permits, licenses and regulatory approvals for our operations are received in a timely manner; interpretations of scientific and technical information; fluctuations in spot and forward prices of copper or certain other commodities; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); discrepancies between actual and estimated metallurgical recoveries; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); title to properties; joint venture partners; our ability to comply with environmental, health and safety laws; environmental risks; foreign exchange rate fluctuations; key personnel; dependence on management; and the economic, business and political conditions in China, Ecuador and Canada. The foregoing list of assumptions is not exhaustive. Forward-looking information may in some cases be identified by words such as "will", "anticipates", "expects", "intends" and similar expressions suggesting future events or future performance.

We caution that all forward-looking information is inherently subject to change and uncertainty and that actual results may differ materially from those expressed or implied by the forward-looking information. A number of risks, uncertainties and other factors, including the Appeal or subsequent developments in the litigation and potential impacts of the Appeal or such subsequent litigation developments on the Project, could cause actual results and events to differ materially from those expressed or implied in the forward-looking information or could cause our current objectives, strategies and intentions to change. Accordingly, we warn investors to exercise caution when considering statements containing forward-looking information and that it would be unreasonable to rely on such statements as creating legal rights regarding our future results or plans. We cannot guarantee that any forward-looking information will materialize and you are cautioned not to place undue reliance on this forward-looking information. Any forward-looking information contained in this news release represent expectations as of the date of this news release and are subject to change after such date. However, we are under no obligation (and we expressly disclaim any such obligation) to update or alter any statements containing forward-looking information, the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law. All of the forward-looking information in this news release is qualified by the cautionary statements herein.

A comprehensive discussion of other risks that impact Silvercorp can also be found in their public reports and filings which are available under its profile at www.sedarplus.ca.

CAUTIONARY NOTE TO US INVESTORS

The technical and scientific information contained herein has been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum classification system, which differs significantly from the standards adopted by the U.S. Securities and Exchange Commission (the "SEC"). Accordingly, the technical and scientific information contained herein, including any estimates of mineral reserves and mineral resources, may not be comparable to similar information disclosed by U.S. companies subject to the disclosure requirements of the SEC.

Additional information relating to the Company, including Silvercorp's Annual Information Form, can be obtained under the Company's profile on SEDAR+ at www.sedarplus.ca, on EDGAR at www.sec.gov, and on the Company's website at www.silvercorpmetals.com.

SOURCE Silvercorp Metals Inc

[Lone Clone]

SolGold Announces Cascabel Project Update

https://www.accesswire.com/900618/solgold-plc-announces-cascabel-project-update

Wednesday, 14 August 2024 02:00 AM

BISHOPSGATE, LONDON / ACCESSWIRE / August 14, 2024 / SolGold (LSE:SOLG)(TSX:SOLG) is pleased to provide stakeholders with an update on SolGold's activities to de-risk and advance the Cascabel Project, underscoring Management and the Board's commitment to timely execution and project milestones.

Geotechnical Program Underway

SolGold is progressing with a comprehensive geotechnical program designed to determine the optimal locations for future infrastructure at Cascabel, including the process plant, tailings storage facility (TSF), camp, waste dumps, and surface workshops. The program will also provide information with respect to any unexpected mineralisation. The contract for the program has been awarded to an Ecuadorian company that specialises in geotechnical drilling, which will be supervised by SolGold's in-house geotechnical team. The first drill for this vital work is scheduled to be mobilised in the third quarter of this calendar year, marking a critical milestone in the project's lifecycle.

Project Team Formation

Management is actively establishing the Project team, targeting to secure all positions by early Q4 calendar 2024. The team will comprise experts in various fields such as Mining (Block Caving, Sublevel Caving, and Open Pit mining), TSF, Logistics, Infrastructure, Civil, Geology, Metallurgy, Process Plant, Environmental Management and Permitting, Scheduling and Cost Control, and Offtake Marketing. Several key roles have already been filled, bringing seasoned professionals on board to steer Cascabel toward its full potential. Management is also reviewing Expressions of Interest from various independent consultants and firms who will be engaged in additional components of the de-risking activities. A civil engineering consultant with extensive TSF experience has been retained, and a site visit was completed in August.

Permitting Milestones

SolGold is also pleased to report the successful acquisition of key permits that will further expedite the activities necessary to advance Cascabel's development:

Cascabel Underground Exploration Permit: The permit enables SolGold to proceed with the underground exploration plans and develop the mine's future portal and declines.

Geotechnical Drilling: The geotechnical drilling program is fully permitted for all areas of the Project to be examined.

Looking Forward

SolGold is preparing for the upcoming geotechnical drilling and the official selection of the project management group following the tender process. Regular updates on these activities will be shared to keep our stakeholders well-informed as progress continues.

CONTACTS

Scott Caldwell

SolGold Plc (CEO)



Tel: [phone]

Tavistock (Media)

Jos Simson/Gareth Tredway



Tel: [phone]

ABOUT SOLGOLD

SolGold is a leading resources company focused on the discovery, definition and development of world-class copper and gold deposits and continues to strive to deliver objectives efficiently and in the interests of shareholders.

The Company operates with transparency and in accordance with international best practices. SolGold is committed to delivering value to its shareholders while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace, and minimizing environmental impact.

SolGold is listed on the London Stock Exchange and Toronto Stock Exchange (LSE/TSX: SOLG).

See www.solgold.com.au for more information. Follow us on X @SolGold_plc.

CAUTIONARY NOTICE

News releases, presentations and public commentary made by SolGold plc (the "Company") and its Officers may contain certain statements and expressions of belief, expectation or opinion which are forward looking statements, and which relate, inter alia, to interpretations of exploration results to date and the Company's proposed strategy, plans and objectives or to the expectations or intentions of the Company's Directors, including the plan for developing the Project currently being studied as well as the expectations of the Company as to the forward price of copper. Such forward-looking and interpretative statements involve known and unknown risks, uncertainties and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such interpretations and forward-looking statements.

Accordingly, the reader should not rely on any interpretations or forward-looking statements; and save as required by the exchange rules of the TSX and LSE or by applicable laws, the Company does not accept any obligation to disseminate any updates or revisions to such interpretations or forward-looking statements. The Company may reinterpret results to date as the status of its assets and projects changes with time expenditure, metals prices and other affecting circumstances.

This release may contain "forward looking information". Forward looking information includes, but is not limited to, statements regarding the Company's plans for developing its properties. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".

Forward looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward looking information, including but not limited to: transaction risks; general business, economic, competitive, political and social uncertainties; future prices of mineral prices; accidents, labour disputes and shortages and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, risks relating to the ability of exploration activities (including assay results) to accurately predict mineralization; errors in management's geological modelling and/or mine development plan; capital and operating costs varying significantly from estimates; the preliminary nature of visual assessments; delays in obtaining or failures to obtain required governmental, environmental or other required approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; the global economic climate; fluctuations in commodity prices; the ability of the Company to complete further exploration activities, including drilling; delays in the development of projects; environmental risks; community and non-governmental actions; other risks involved in the mineral exploration and development industry; the ability of the Company to retain its key management employees and skilled and experienced personnel; and those risks set out in the Company's public documents filed on SEDAR+ at www.sedarplus.ca. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

The Company and its officers do not endorse, or reject or otherwise comment on the conclusions, interpretations or views expressed in press articles or third-party analysis.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

SOURCE: SolGold PLC

[Lone Clone]

Solaris Reports 57m of 1.11% CuEq, 69m of 0.82% CuEq and 69m of 0.77% CuEq in Near Surface Results; Extends Mineralization North, Northwest and Southeast

https://ca.finance.yahoo.com/news/solaris-reports-57m-1-11-110000144.html

Solaris Resources
Thu, August 15, 2024 at 4:00 a.m. PDT·8 min read

SLSR
+5.83%

VANCOUVER, British Columbia, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Solaris Resources Inc. (TSX: SLS; NYSE: SLSR)

[Lone Clone]

LUNDIN GOLD REPORTS SECOND QUARTER OF 2024 RESULTS

Record revenues and adjusted EBITDA achieved on the back of strong gold price

https://www.newswire.ca/news-releases/lundin-gold-reports-second-quarter-of-2024-results-807158827.html

Lundin Gold Inc. Aug 08, 2024, 19:32 ET

VANCOUVER, BC, Aug. 8, 2024 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF)

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LUNDIN GOLD REPORTS HIGH-GRADE MINERALIZATION AT FDNS AS PART OF ITS NEAR-MINE DRILLING PROGRAM

ighest-grade drill holes reported at FDNS confirm high grade vein system close to mine infrastructure

https://www.newswire.ca/news-releases/lundin-gold-reports-high-grade-mineralization-at-fdns-as-part-of-its-near-mine-drilling-program-856276631.html

Lundin Gold Inc. Jul 31, 2024, 17:00 ET

VANCOUVER, BC, July 31, 2024 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") is pleased to announce additional results from its ongoing 2024 near-min

[Lone Clone]

SILVERCORP COMPLETES ACQUISITION OF ADVENTUS

https://www.newswire.ca/news-releases/silvercorp-completes-acquisition-of-adventus-856263511.html

Adventus Mining Corporation Jul 31, 2024, 15:45 ET

VANCOUVER, BC and TORONTO, July 31, 2024 /CNW/ - Silvercorp Metals Inc. ("Silvercorp") (TSX: SVM) (NYSE American: SVM) and Adventus Mining Corporation ("Adventus") (TSXV: ADZN) (OTCQX: ADVZF) are pleased to announce, further to the news releases of Silvercorp and Adventus dated April 26, 2024 and July 31, 2024, the completion of Silvercorp's previously announced acquisition of all of the outstanding common shares of Adventus ("Adventus Shares") effective as of 12:01 a.m. (the "Effective Time") today by way of a statutory plan of arrangement under the provisions of the Canada Business Corporations Act (the "Arrangement").

Under the terms of the Arrangement, each former shareholder of Adventus, other than Silvercorp, is entitled to receive 0.1015 of one Silvercorp common share (a "Silvercorp Share") for each Adventus Share (the "Exchange Ratio"). All outstanding Adventus stock options and warrants are now exercisable for Silvercorp Shares, with the number of Silvercorp Shares issuable on exercise and the exercise price adjusted in accordance with the Exchange Ratio. All outstanding Adventus restricted share units vested as of the Effective Time and have been settled in cash, funded by Silvercorp through Adventus.

With the Arrangement now complete, Adventus intends to cause the Adventus Shares to be delisted from the TSX Venture Exchange as soon as reasonably practicable following the closing of the Arrangement. In connection therewith, Adventus intends to submit an application to the applicable securities regulators to cease to be a reporting issuer and to terminate its public reporting obligations. Adventus' President and CEO, Christian Kargl-Simard, and Frances Kwong, CFO and Corporate Secretary, have agreed to stay on in consultancy roles for a transition period post-closing.

Further details regarding the Arrangement are set out in Adventus' management information circular dated May 21, 2024 which is available on SEDAR+ (www.sedarplus.ca) under Adventus' issuer profile.

Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release

CAUTIONARY DISCLAIMER - FORWARD LOOKING STATEMENTS

This news release includes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable securities laws relating to, among other things, statements with respect to the delisting of the Adventus Shares and Adventus applying to cease to be a reporting issuer. Forward-looking information may in some cases be identified by words such as "will", "anticipates", "expects", "intends" and similar expressions suggesting future events or future performance.

We caution that all forward-looking information is inherently subject to change and uncertainty and that actual results may differ materially from those expressed or implied by the forward-looking information. Without limiting the foregoing, the Project and its prospects could be materially affected by the Appeal or subsequent developments in the litigation concerning the Project. Accordingly, we warn investors to exercise caution when considering statements containing forward-looking information and that it would be unreasonable to rely on such statements as creating legal rights regarding our future results or plans. We cannot guarantee that any forward-looking information will materialize and you are cautioned not to place undue reliance on this forward-looking information. Any forward-looking information contained in this news release represent expectations as of the date of this news release and are subject to change after such date. However, we are under no obligation (and we expressly disclaim any such obligation) to update or alter any statements containing forward-looking information, the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law. All of the forward-looking information in this news release is qualified by the cautionary statements herein.

A comprehensive discussion of other risks that impact Silvercorp and Adventus can also be found in their public reports and filings which are available under their respective profiles at www.sedarplus.ca.

SOURCE Adventus Mining Corporation

For further information: Silvercorp Metals Inc., Lon Shaver, President, Phone: [phone], Toll Free 1(888) 224-1881, Email: [e-mail], Website: www.Silvercorp.ca

[Lone Clone]

Adventus Mining: Protective Action Challenging Environmental License Issued for El Domo - Curipamba Project Rejected by Ecuadorian Court

Adventus Provides Update on Arrangement with Silvercorp
https://www.newswire.ca/news-releases/protective-action-challenging-environmental-license-issued-for-el-domo-curipamba-project-rejected-by-ecuadorian-court-851688614.html

Adventus Mining Corporation Jul 25, 2024, 10:24 ET

TORONTO, July 25, 2024 /CNW/ - Adventus Mining Corporation ("Adventus" or the "Company") (TSXV: ADZN) (OTCQX: ADVZF) provides the following update on the constitutional protective action filed against Ministry of Environment, Water, and Ecological Transition of Ecuador ("MAATE"), and the office of the Attorney General of Ecuador, on June 5, 2024, and accepted by the Court on June 12, 2024 (the "Protective Action").

The Company also provides an update on the status of plan of arrangement (the "Arrangement") under the Canada Business Corporations Act pursuant to the arrangement agreement dated April 26, 2024 (the "Arrangement Agreement") between Adventus and Silvercorp Metals Inc. ("Silvercorp").

The Protective Action challenged an environmental license issued to the Company's Ecuadorian subsidiary, Curimining S.A. ("Curimining"), on January 19, 2024, in relation to the El Domo - Curipamba Project (the "Project"). Curimining was named as an interested third party in the Protective Action.

The Protective Action did not raise allegations about the substance of the environmental permits issued in connection with the Project. Instead, the Protective Action raised procedural allegations about the sufficiency of the consultative process followed by MAATE in issuing the permits. The Protective Action was not accompanied by a precautionary measure that would seek to enjoin Adventus from continuing construction on the Project while the Protective Action was outstanding.

After the Protective Action was accepted by the Ecuadorian Court, a group of community members supporting the Project was added as an interested third party after the group submitted a petition with close to 800 signatures.

The Court proceeding was carried out in the Judicial Unit of the Canton of Las Naves, in Bolívar province of Ecuador, on July 23, 2024, and July 24, 2024. Following the conclusion of the hearing on July 24, 2024, the Court issued a binding oral ruling, rejecting the Protective Action. The Court concluded that the consultative process followed by MAATE in issuing the permits complied with applicable legal requirements. The Court will in due course issue a written ruling reflecting the oral ruling issued on July 24, 2024.

After the Court pronounced its ruling, the parties that filed the Protective Action advised the Court of their intention to appeal the Court's decision. The appeal will be heard by the Provincial Court of Justice of Bolívar in due course. No date for the appeal has been set.

As no precautionary measures were sought or granted, and as the Protective Action was rejected by the Court, Adventus remains free to continue construction on the Project.

As disclosed in the Company's July 5, 2024 press release, Silvercorp has advised Adventus that the Protective Action was a Material Adverse Effect ("MAE") as defined in the Arrangement Agreement, representing an unmet condition to closing.

Adventus has rejected Silvercorp's contention that the Protective Action constituted a MAE. Adventus has advised Silvercorp that it must close the Arrangement by the "Outside Date" under the Arrangement Agreement of July 31, 2024, failing which Adventus will take all necessary steps to protect the interests of Adventus and its securityholders in connection with the Arrangement.

On July 22, 2024, and on July 24, 2024, Adventus advised Silvercorp that it expected Silvercorp to close the Arrangement on July 31, 2024. On July 24, 2024, Adventus advised Silvercorp that Adventus intended to commence necessary pre-closing steps. In its response to this advice on July 24, 2024, which was received before the Ecuadorian court pronounced its ruling, Silvercorp advised that its position continued to be that there was presently an MAE, and that Silvercorp was not willing to close until there was no longer an MAE.

While Adventus disagrees that the Protective Action constituted a MAE, Adventus believes that Silvercorp's contention is untenable following the Court's ruling rejecting the Protective Action.

Adventus will take all steps within its power to close the Arrangement on July 31, 2024.

If Silvercorp fails to close the Arrangement on July 31, 2024, Adventus will seek appropriate remedies in the Ontario Superior Court of Justice on account of Silvercorp's breach of the Arrangement Agreement, including a claim for specific performance of the Arrangement Agreement.

About Adventus

Adventus is an Ecuador-focused copper-gold exploration and development company. Adventus is advancing the majority-owned Curipamba copper-gold project, which has a completed feasibility study on the shallow and high-grade El Domo deposit. With the recent merger with Luminex Resources Corp., Adventus owns the Condor gold project and a large exploration project portfolio that spans over 135,000 hectares – one of the largest holdings in Ecuador. The company's strategic shareholders include Silvercorp, Ross Beaty's Lumina Group, Altius Minerals Corporation, Wheaton Precious Metals Corp., and significant Ecuadorian investors.

This release contains certain "forward looking statements" and certain "forward-looking information" as "defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes.

Forward-looking statements relate to future events or future performance and reflect Adventus' expectations or beliefs regarding future events. Forward-looking statements include, but are not limited to: the discussions regarding strategies for the development of El Domo; the adoption of a strategy and the timing thereof; the obtaining of key approvals, permits and environmental licensing approval for the El Domo and the timing thereof; the start of construction at El Domo and the timing thereof; and the timing and resolution of the Court. By their very nature, forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, amongst others, risks related to the exploration, development, production, recoveries and other anticipated or possible future developments at El Domo, including, without limitation, that exploration, development and production activities will not occur or be as anticipated and that environmental licensing will not be approved; failure to obtain the environmental licensing approval for the El Domo along with other key permits and approvals and to start construction; the Court will not have a favourable ruling or in the expected time period; and general economic, business and political conditions.

Forward-looking information are based on Adventus management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on such management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Such factors, among other things, include: business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of copper or certain other commodities; change in national and local governments, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); discrepancies between actual and estimated metallurgical recoveries; inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties.

The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on the information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

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

SOURCE Adventus Mining Corporation

For further information from Adventus Mining, please contact Christian Kargl-Simard, President and Chief Executive Officer, at [phone] or [e-mail]. Please also visit the Adventus Mining website at www.adventusmining.com.

[Lone Clone]

Solaris Reports In-Pit Mineral Resources Including Higher Grade Mineralization; Over 30,000m Drilling in H2/24 Targeting Open Extensions and Infill to Upgrade Resources; Concurrent District Exploration for Epithermal Gold/Silver and Porphyry Copper Discoveries

https://ca.finance.yahoo.com/news/solaris-reports-pit-mineral-resources-103000358.html

Solaris Resources
Mon, July 22, 2024 at 3:30 a.m. PDT·10 min read

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Aurania to Investigate Visible Gold Found at Crunchy Hill

https://www.newsfilecorp.com/release/216120

July 11, 2024 7:00 AM EDT | Source: Aurania Resources Ltd.

Toronto, Ontario--(Newsfile Corp. - July 11, 2024) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) ("Aurania" or the "Company") announces that visible gold has been found in the area of the Company's Crunchy Hill target in southeastern Ecuador. The gold, as shown in figures 1 and 2 below, was found during basic prospecting by one of Aurania's reconnaissance exploration geologists. The source of this gold needs to be confirmed through further investigation including the completion of assays.

The Crunchy Hill target is being investigated following a review of stream sediment samples and other data from specific areas on Aurania's property where there has been indication of gold. Geologists are being sent to the Crunchy Hill area to determine and understand the source of the gold.

In 2019, a scout drilling campaign was conducted at Crunchy Hill and the presence of an epithermal gold system was confirmed. At that time it was decided that Aurania's geology teams would later return to this target for further sampling/fieldwork to determine the location of the heart of the system.



Figure 1: The ragged, irregular nature of the gold flakes suggests proximity to source.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2477/216120_d3b038b2a496baa7_001full.jpg



Figure 2: Gold recovery after 2-hour wash test.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2477/216120_d3b038b2a496baa7_002full.jpg

In other news, an Anaconda mapping program has been completed in the southern part of Aurania's Awacha porphyry copper target area and exploration teams continue to map the remaining area. An induced polarization geophysical survey is planned for the Kuri-Yawi epithermal gold target.

About Aurania

Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and copper in South America. Its flagship asset, The Lost Cities - Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.

Information on Aurania and technical reports are available at www.aurania.com and www.sedarplus.ca, as well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at https://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.

For further information, please contact:

Carolyn Muir
VP Corporate Development & Investor Relations
Aurania Resources Ltd.
[phone]
[e-mail]



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

This news release contains forward-looking information as such term is defined in applicable securities laws, which relate to future events or future performance and reflect management's current expectations and assumptions. The forward-looking information includes Aurania's objectives, goals or future plans, statements, exploration results, potential mineralization, the corporation's portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration, timing of the commencement of operations, the Company's teams being on track ahead of any drill program, the commencement of any drill program and estimates of market conditions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to Aurania, including the assumption that, there will be no material adverse change in metal prices, all necessary consents, licenses, permits and approvals will be obtained, including various local government licenses and the market. 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. Risk factors that could cause actual results to differ materially from the results expressed or implied by the forward-looking information include, among other things, commodity prices, supply chain disruptions, restrictions on labour and workplace attendance and local and international travel; a failure to obtain or delays in obtaining the required regulatory licenses, permits, approvals and consents; an inability to access financing as needed; a general economic downturn, a volatile stock price, labour strikes, political unrest, changes in the mining regulatory regime governing Aurania; a failure to comply with environmental regulations; a weakening of market and industry reliance on precious metals and copper; and those risks set out in the Company's public documents filed on SEDAR. Aurania cautions the reader that the above list of risk factors is not exhaustive. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

SOURCE: Aurania Resources Ltd.