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Stratabound Acquires 100% Ownership of Golden Culvert Property and Investigates New Reduced Intrusion-Related Gold Systems, Tombstone Gold Belt, Yukon Territory
https://www.newsfilecorp.com/release/190307
Toronto, Ontario--(Newsfile Corp. - December 7, 2023) - Stratabound Minerals Corp. (TSXV: SB) (OTCQB: SBMIF)
Snowline Gold Intersects 519.6 m of 2.5 Grams Per Tonne Gold Including 265.6 m of 3.6 Grams Per Tonne Gold from Surface in Strongest Near-Surface Interval to Date at Its Valley Target, Rogue Project, Yukon
https://www.accesswire.com/813772/snowline-gold-intersects-5196-m-of-25-grams-per-tonne-gold-including-2656-m-of-36-grams-per-tonne-gold-from-surface-in-strongest-near-surface-interval-to-date-at-its-valley-target-rogue-project-yukon
Wednesday, 06 December 2023 06:00
Hole V-23-061 returned 519.6 m averaging 2.46 g/t Au, including 3.60 g/t Au over 265.6 m from surface, the strongest near-surface mineralization (upper 250 vertical metres) encountered to date on the Rogue Project's Valley target
Hole V-23-059 and V-23-060 demonstrate strong continuity and breadth in the southeastern part of the Valley system, returning 429.6 m averaging 1.01 g/t Au from surface (including 1.91 g/t Au over 133.0 m) and 109.5 m averaging 1.02 g/t Au respectively.
Analytical results pending for 5,475 m from 16 holes (including one metallurgical hole at Valley) across 3 targets in addition to results of extensive surface exploration campaign.
VANCOUVER, BC / ACCESSWIRE / December 6, 2023 / SNOWLINE GOLD CORP (TSX-V:SGD)(OTCQB:SNWGF
WESTERN COPPER AND GOLD PROVIDES UPDATE ON THE PORT OF SKAGWAY
https://www.newswire.ca/news-releases/western-copper-and-gold-provides-update-on-the-port-of-skagway-812454495.html
Western Copper and Gold Corporation 05 Dec, 2023, 06:00 ET
VANCOUVER, BC, Dec. 5, 2023 /CNW/ - Western Copper and Gold Corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce during the 2023 Fall Sitting of the Yukon Legislative Assembly, the Yukon Government approved $21.4 million for investment in the Municipality of Skagway's (or "Skagway") redevelopment of their dock infrastructure to include a Marine Services Platform ("MSP") to continue to support ore export for the Yukon mining industry.
The approval of this investment follows the Yukon Government signing of a term sheet with Skagway on September 7, 2023, outlining the terms and conditions of the investment, proposing an initial 35-year preferential access to the port with an option to extend for another 15 years, as well as a significant investment in the initial engineering of the MSP. The Yukon government is currently working towards finalizing an Export Cooperation Agreement with Skagway.
The MSP at Skagway is located in South-east Alaska and is 560 km from, and is the closest tidewater port to, the Casino Project. The Port of Skagway has historically been the preferred port to ship concentrates from the Yukon, and most recently was used to ship copper concentrates from the Minto Mine.
"Further investment and commitment from the Yukon Government in advancing infrastructure for the mining industry is another step in the right direction to advancing the Casino Project." said Paul West-Sells, President and Chief Executive Officer. "We remain confident that the Casino Project is a great asset for the Yukon that will provide benefits to Yukon communities and First Nations for generations to come."
ABOUT WESTERN COPPER AND GOLD CORPORATION
Western Copper and Gold Corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.
The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino project, using internationally recognized responsible mining technologies and practices.
For more information, visit www.westerncopperandgold.com
On behalf of the board,
"Paul West-Sells"
Dr. Paul West-Sells
President and CEO
Western Copper and Gold Corporation
Cautionary Disclaimer Regarding Forward-Looking Statements and Information
This news release contains certain forward-looking statements concerning anticipated developments in Western's operations in future periods. Statements that are not historical fact are "forward-looking statements" as that term is defined in the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" as that term is defined in National Instrument 51-102 ("NI 51-102") of the Canadian Securities Administrators (collectively, "forward-looking statements"). Certain forward-looking information should also be considered future-oriented financial information ("FOFI") as that term is defined in NI 51-102. The purpose of disclosing FOFI is to provide a general overview of management's expectations regarding the anticipated results of operations and capital expenditures and readers are cautioned that FOFI may not be appropriate for other purposes. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved. These forward-looking statements may include, but are not limited to, statements regarding: mineral resource and reserve estimation; mine plan and operations; internal rate of return; sensitivities; net present value; potential recoveries; design parameters; economic potential; processing mineralized material; the potential of robust economics at Casino; advancing the Project through additional engineering and towards the next step in permitting and submission of an environmental and socio-economic effects statement; key changes to the TMF design; increases to the gold recovery in the heap leach; potential economic returns from the Project; estimated initial capital investment costs; estimated operating costs; estimated mining costs; development of the airstrip and all weather access road; anticipated concentrate handling service charges; developing and operating the Project in a safe, ethical and socially-responsible manner; plans for further development and securing the required permits and licenses for further studies to consider operation; market price of precious and base metals; or other statements that are not statement of fact. The material factors or assumptions used to develop forward-looking statements include prevailing and projected market prices and foreign exchange rates, exploration estimates and results, continued availability of capital and financing, construction and operations, the Company not experiencing unforeseen delays, unexpected geological or other effects, equipment failures, permitting delays, and general economic, market or business conditions and as more specifically disclosed throughout this document, and in the AIF and Form 40-F.
Forward-looking statements are statements about the future and are inherently uncertain, and actual results, performance or achievements of Western and its subsidiaries may differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements due to a variety of risks, uncertainties and other factors. Such risks and other factors include, among others, risks involved in fluctuations in gold, copper and other commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; risks related to joint venture operations; risks related to cooperation of government agencies and First Nations in the development of the property and the issuance of required permits; risks related to the need to obtain additional financing to develop the property and uncertainty as to the availability and terms of future financing; the possibility of delay in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risks and uncertainties disclosed in Western's AIF and Form 40-F, and other information released by Western and filed with the applicable regulatory agencies.
Western's forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and Western does not assume, and expressly disclaims, any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
SOURCE Western Copper and Gold Corporation
For further information: Sandy Noyes, Director, Investor Relations, 604.638.2520 or snoyes@westerncopperandgold.com
Benjamin Hill Announces Drilling Program Discovers Porphyry Style Mineralization at Alotta, Copper-Gold-Molybdenum Project
https://www.newsfilecorp.com/release/188892
Vancouver, British Columbia--(Newsfile Corp. - November 28, 2023) - Benjamin Hill Mining Corp. (CSE: BNN) (OTCQB: BNNHF) (FSE: 5YZ0) ("Company") is pleased to announce the completion of two inaugural diamond drill holes and the discovery of porphyry style mineralization at the Alotta copper-gold-molybdenum project in the west-central Yukon. The first two holes tested the south-central portion of an induced polarization, chargeability high with coincident copper and gold in soil anomalies. The drill program is proposed to continue in May 2024. The diamond drill and most camp equipment will remain on site over the winter. The next planned holes will focus on at least four areas of coincident copper, molybdenum and gold in soil geochemical anomalies that indicate the potential centers of porphyry mineralization.
Drill Holes ALT-23-001/002
Both holes exhibited multiple intrusive phases including intrusive breccias displaying strong biotite alteration, carbonate veining and pyrrhotite, pyrite, chalcopyrite and molybdenite mineralization as interstitial clots and stringers. The photo below is from ALT-23-001, at approximately 17-metre depth illustrates the shreddy brown biotite alteration coincident with interstitial and veinlet style mineralization. Table 1 provides the collar coordinates, orientation, and final depth for both holes.
Figure 1: Hole ALT-23-001 at 17m depth
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8680/188892_2e5fed76441ac847_001full.jpg
Hole Name North East Elevation (m) Azimuth Dip Length (m)
ALT-23-001 623620 6915860 1006 315 -60 424
ALT-23-002 623620 6915860 1006 045 -65 420
Table 1: Collar coordinates, orientation, and final depth
Lorne Warner, President of Benjamin Hill Mining Corp., states: "I was on site during the drilling of both holes and observed most of the core. Disseminated and fracture-controlled mineralization in the form of pyrrhotite, pyrite, chalcopyrite and molybdenite mineralization was observed throughout both holes with total sulfide concentrations up to 5% over extensive core lengths. The exception being a quartz vein in hole ALT-23-002 with semi-massive pyrrhotite with traces of chalcopyrite. Both holes were terminated in mineralization, therefore casing was left in both holes to facilitate extending them this spring if required. When the drill program continues in May the company will focus on four large "Bull's Eye" areas of high copper, gold and molybdenum concentrations in soil samples coincident with geophysical anomalies."
Figure 2 below shows a plan view of chargeability results from the 2D IP-Res model overlain by gold-in-soil and magnetic susceptibility (RTP). The dashed polyline highlights the area of greatest interest for testing given the occurrence of favorable geochemical and geophysical anomalies. Figure # 1 also illustrates two proposed NQ diamond drill holes which are now completed. Proposed PDDH_001/002 are now completed as ALT-23-001/002 respectively.
Figure 2: Dashed Polygon outlining Chargeability Anomaly overlain Gold-in-Soil Geochemistry and Completed NQ diamond drill holes.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8680/188892_2e5fed76441ac847_002full.jpg
Key Points about the Alotta Project:
Similar geological setting to the Casino deposit intrusive complex. The Casino deposit as per Western Copper, June 22, 2021, news release announced a PEA outlining the deposit to host 2.17 billion tonnes of measured and indicated resources contains 7.4 billion lbs. of copper and 12.7 million ounces of gold. Insitu Gold/Copper/Molybdenum in-soil geochemical anomalies over 4.0 X 1.0 kilometers is larger than the current resource area of the Casino deposit.
Magnetic depletion, High total potassium counts from a radiometric survey and Induced Polarization survey results coincides with anomalous geochemistry of gold/copper in soils indicating the occurrence of a large, porphyry related hydrothermal system.
The first two drill holes both confirmed a large, multiphase, porphyry system, bearing copper and molybdenum mineralization. All split core samples will be analyzed by ALS Laboratories. Assay results are pending.
Management of project by Archer Cathro and Associates, the same company responsible for previous Casino exploration. Archer Cathro, in consultation with Benjamin Hill geologists defined the targets for drill testing.
About Benjamin Hill Mining Corp.
Benjamin Hill Mining Corp. is a Canadian-listed junior gold exploration company focused on exploring and developing The Alotta project in Canadian Yukon Territory. The Alotta project is a porphyry copper-gold-molybdenum prospect, located 50 km south-east of the Casino porphyry deposit in the unglaciated portion of the Dawson Range porphyry/epithermal belt.
Qualified Person
Lorne Warner, P.Geo, and President of Benjamin Hill Mining Corp. is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the scientific and technical disclosure in this news release.
On behalf of the Board of Directors
"Cole McClay", CEO Benjamin Hill Mining Corp.
info@benjaminhillmining.com
Forward-Looking Statements
Certain of the statements made and information contained herein may contain forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information concerning the Company's intentions with respect to the development of its mineral properties. Forward-looking information is based on the views, opinions, intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information. We seek safe harbor.
Fireweed Advances Boundary Zone, Intersecting 57.4 m of 8.4% Zinc, 1.8% Lead, and 51.8 g/t Silver, and 49.9 m of 10.1% Zinc, and 14.4 g/t Silver
https://fireweedmetals.com/fireweed-advances-boundary-zone-intersecting-57-4-m-of-8-4-zinc-1-8-lead-and-51-8-g-t-silver-and-49-9-m-of-10-1-zinc-and-14-4-g-t-silver/
November 30, 2023
Vancouver, British Columbia: FIREWEED METALS CORP. (“Fireweed” or the “Company”) (TSXV: FWZ; OTCQB: FWEDF; FSE: M0G)
CANTEX INTERSECTS AN OUTSTANDING 89.25 METRES OF MINERALIZATION AT ITS NORTH RACKLA DRILL PROJECT AND CLOSES FINAL TRANCHE OF PRIVATE PLACEMENT
https://www.newswire.ca/news-releases/cantex-intersects-an-outstanding-89-25-metres-of-mineralization-at-its-north-rackla-drill-project-and-closes-final-tranche-of-private-placement-881151695.html
Cantex Mine Development Corp. 22 Nov, 2023, 16:22 ET
KELOWNA, BC, Nov. 22, 2023 /CNW/ - Cantex Mine Development Corp. (TSXV: CD), (OTCQB: CTXDF) (the "Company") is pleased to report that a 89.25 metre intersection of strong mineralization has been encountered at the Main Zone of the silver-lead-zinc-germanium Massive Sulphide project. The Company also is closing a final tranche of its financing.
Main Zone Drilling
Figure 1 (CNW Group/Cantex Mine Development Corp.)
Figure 2 (CNW Group/Cantex Mine Development Corp.)
Hole YKDD23-285 was the final hole from the fall 2023 drill program. This hole contained an exceptional intercept from 416.75 to 506 metres depth drilled from pad MZ33 at a -85-degree dip and 166 degree azimuth (see Figures 1 and 2 for a map and cross section respectively)
Split core from this hole has been submitted to the CF Mineral Research, an ISO/IEC 17025:2005 accredited laboratory for preparation prior to being sent to ALS Chemex Laboratories in North Vancouver for analysis for silver-lead-zinc. Polished sections will be submitted to the University of British Columbia Okanagan for germanium analysis. All of the foregoing results as well as germanium results from samples already submitted will be reported when received.
Financings Complete
The Company announces that, further to its news release of September 20, 2023 and October 19, 2023 announcing a private placement (the "Offering"), the Company has closed the final tranche of the Offering ("the Final Tranche") and has received $2,902,120 by the issuance of 6,833,734 flow through units (the "FT Units") and 3,276,923 non flow-through units (the "Units"). FT Units were issued at $0.30 per FT Unit and Units were issued at $0.26 per Unit; each FT Unit is comprised of a flow through share and one-half of a non-flow through warrant and each Unit is comprised of one non-flow through share and one-half of a warrant. Each whole warrant entitles the holder to acquire one common share of the Company at a price of $0.39 for a term of two years from closing.
Included in the Final Tranche is an investment by Crescat Capital LLP ("Crescat"), our previously announced strategic partner. Crescat purchased 1,923,077 Units for total proceeds of $500,000, bringing their total holdings to over 3.2 million shares.
Combined with the first tranche, the Offering has resulted in gross proceeds of $3,823,485 from the issuance of 8,258,284 FT Units and 5,176,923 Units.
Proceeds from the Final Tranche will be used to fund the Company's North Rackla Project in the Yukon and for general working capital.
The Company was charged $178,500 in finders fees in connection with the Final Tranche; of this, $24,500 was paid in cash, with the remaining $154,000 in fees settled with the issuance of 592,308 Units at a deemed price of $0.26/Unit. The Units issued as settlement of the fees are comprised of 592,308 non-flow through shares and 296,154 warrants; the warrants are exercisable for a period of two years from issuance and have an exercise price of $0.39. The Company also issued 674,006 finders warrants, which have the same terms and conditions as the warrants issued in the Offering.
The securities issued in the Final Tranche are subject to a four month hold period, expiring on March 17, 2024.
Katherine MacDonald, a Director of the Company, subscribed for 200,000 Units for a total subscription price of $52,000. Ms. MacDonald acquired the Units for investment purposes. The Offering and the acceptance of the subscription by Ms. MacDonald was approved by unanimous resolution of the board of directors of the Company with Ms. MacDonald declaring her interest in the resolution and abstaining from voting. There was no formal valuation of the Company done in connection with the Offering nor has there been such a formal valuation in the past 24 months. The Company relied upon the exemptions contained in Section 5.5(b) and 5.7(b), of Multilateral Instrument 61-101 ("MI 61-101") to avoid the formal valuation and shareholder approval requirements of MI 61-101. For the purposes of Section 5.5(b), the Company does not have any securities listed on any of the stock exchanges set out in Section 5.5(b) and for the purposes of Section 5.7(b) the exemption was available as the consideration paid for the Units subscribed for by Ms. MacDonald was less than $2,500,000.
The Company would also like to clarify that the Spring 2023 financing, which was originally announced on April 17, 2023, closed with only one tranche. This tranche closed on April 28, 2023, with the Company receiving gross proceeds of $1,268,500 by the issuance of 1,601,351 flow through units (issued at $0.37/flow through unit) and 2,112,500 non flow-through units (issued at $0.32/unit), with both flow through units and non-flow through units including one half of a warrant. Each whole warrants entitles the holder to acquire one common share of the Company at a price of $0.45 for a term of two years from closing. Please refer to our news release dated April 28, 2023 for further information.
About Cantex Mine Development Corp.
Cantex is focused on its 100-per-cent-owned, 20,000-hectare North Rackla project located 150 kilometres northeast of the town of Mayo in Yukon, Canada, where significant massive sulphide mineralization has been discovered. Over 60,000 metres of drilling has defined high-grade silver-lead-zinc-germanium mineralization over 2.3 kilometres of strike length and more than 700 metres depth. The mineralization remains open along strike and to depth. The company is led by Dr. Fipke CM, the founder of Ekati, Canada's first diamond mine.
Cantex is pleased to report this outstanding intercept and look forward to the forthcoming drill and germanium results.
Signed,
Chad Ulansky
Chad Ulansky
President and CEO
FORWARD LOOKING STATEMENTS: Certain of the statements and information in this press release constitute "forward-looking statements" or "forward-looking information", including statements regarding the expected use of proceeds of the private placement. Further, any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "believes", "plans", "estimates", "intends", "targets", "goals", "forecasts", "objectives", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information. The Company's forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking statements and information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Cantex Mine Development Corp.
For further information: Cantex Mine Development Corp, Tel: +250-860-8582, Email: info@cantex.ca
Transition Metals Provides an Update on Its Pike Warden Project and Will Present Results at the Yukon Geoscience Forum & Trade Show
Assays from field sampling completed in September 2023 confirm three new polymetallic mineralized areas, named Nemean Lion, Minotaur, and Hercules showings
Highlight assay values from grab samples include: 2.91 g/t Au, 6.57 g/t Ag, and >1% Mo
Results from high-resolution LiDAR, orthophotography, and multispectral alteration mapping products highlight new target corridors
Transition Metals Co-founder and COO, Greg Collins, will present results from Pike Warden at 2:10pm on Tuesday, November 21, 2023 at the Yukon Geoscience Forum & Trade Show
https://www.newsfilecorp.com/release/188023
Sudbury, Ontario--(Newsfile Corp. - November 20, 2023) - Transition Metals Corp. (TSXV: XTM)
Cascadia Makes New Copper-Gold Porphyry Discovery with 116.60 m of 0.31% Copper and 0.30 g/t Gold at Catch Property, Yukon
https://www.newswire.ca/news-releases/cascadia-makes-new-copper-gold-porphyry-discovery-with-116-60-m-of-0-31-copper-and-0-30-g-t-gold-at-catch-property-yukon-810561888.html
Cascadia Minerals Ltd. 16 Nov, 2023, 08:00 ET
VANCOUVER, BC, Nov. 16, 2023 /CNW/ - Cascadia Minerals Ltd. ("Cascadia") (TSXV: CAM
Gladiator Announces High-Grade Copper Mineralisation Identified at Middle Chief and Class 1 Permit Extension Granted
Highlights
Recent collation of historic data identifies the Middle Chief prospect a significant highly prospective unmined zone of mineralisation, commencing from 120m below surface at the northern extent of the former Little Chief open cut and underground mine at the Whitehorse Copper Project, including:
LCU-009: 49.83m @ 3.06% Cu from 70.26m
LCU-017: 54.10m @ 2.05% Cu from 77.42m
LCU-023: 33.99m @ 2.10% Cu from 148.89m, Incl. 15.24m @ 3.26%Cu
LCU-503: 32.22m @ 2.11% Cu from 83.91m, Incl. 17.07m @ 3.47% Cu
LCU-543: 13.72m @ 1.28% Cu from 66.14m and 41.15m @ 2.22% Cu from 87.48m
LCU-610: 50.99m @ 1.87% Cu from 18.11m, Incl. 39.84m @ 2.19% Cu from 23.16m
High grade copper skarn mineralisation at Middle Chief remains open in all directions. Unmined historic resources were established, and drilling completed just prior to the closure of the Little Chief mine in 1982, due to the prevailing low copper prices at the time.
Approval has now received from the Yukon Department of Energy, Mines and Resources (EMR) for a Class 1 exploration permit allowing up to 10,000 metres of diamond drilling, to test the Middle Chief prospect area and extensions to mineralisation at the Little Chief historical production area.
Compiled historical drilling data is limited to selective sampling and assaying for copper only. Gladiator intends to assay all future drilling and sampling for additional credits including Molybdenum, Silver and Gold which were proven contributors to the economics of historic operations.
https://www.newsfilecorp.com/release/187631
Gladiator CEO, Jason Bontempo, commented:
"With the identification of the Middle Chief mineralization Gladiator continues to define areas of high-grade copper skarn mineralisation with significant exploration upside from its data compilation of historic drilling datasets. The Middle Chief mineralization represents a near surface area of mineralization open in all directions with limited exploration or development away from historical underground infrastructure.
Historical drilling and past production from the Little Chief mine area as a whole remains shallow, and this data compilation represents an opportunity to review the deposit in 3D for the first time to begin to appreciate the exploration potential of the high-grade copper-gold skarn, which remains open in all directions, for future resource growth.
Planned diamond drilling is scheduled to commence in the coming months and will be testing the Middle Chief target as well as near mine extensions to the historic Little Chief mine."
Vancouver, British Columbia--(Newsfile Corp. - November 16, 2023) - Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) (FSE: ZX7)
Rackla Metals summarizes exploration results for the 2023 program on the Astro Plutonic Complex, Yukon and Northwest Territories
https://thenewswire.com/press-releases/1k49FqOg0-rackla-metals-summarizes-exploration-results-for-the-2023-program-on-the-astro-plutonic-complex-yukon-and-northwest-territories.html
Vancouver, British Columbia – TheNewswire - November 16, 2023 – Rackla Metals Inc. (TSXV:RAK) (the “Company”) is pleased to announce that the Company has received the final geochemical analyses from the 2023 exploration program on its properties in the Astro Plutonic Complex.
These results include analyses for drill core from the 17-hole, 3,000 m drill program, rock, soil and stream sediment samples from the three properties in the Astro Intrusive Complex and interpretation of the results.
The Astro Plutonic Complex is located within the Tombstone Gold Belt at the Yukon-NWT border and is accessible from the North Canol road. The Complex includes three granodiorite to granite intrusions belonging to the Cretaceous-aged Tombstone & Tungsten Suites. Cretaceous intrusions in the Tombstone Gold Belt host significant Reduced Intrusion-Related Gold System (RIRGS) gold deposits such as the Fort Knox Mine in Alaska (12.1 Moz gold), the Eagle Mine in Yukon (7.8 Moz gold) and the newly discovered Valley gold occurrence belonging to Snowline Gold Corp.
Figure 1: Astro Plutonic Complex.
Click Image To View Full Size
Astro Property
The Astro property is centered around the Border Pluton, a granodiorite intrusion belonging to the Cretaceous-aged Tombstone Suite. The pluton measures 6.7 by 7.0 km and has an intensely metasomatized contact aureole around its margins, typical of gold-bearing Tombstone Gold Belt occurrences. Prior exploration has identified 5 gold-bearing skarn occurrences along the margins of the intrusion in the hornfels contact aureole (the Radio, Ultraviolet, Microwave, Gamma and Infrared occurrences). Stream sediment, soil, talus and rock sampling on the property has returned numerous samples containing anomalous gold with a strong correlation with bismuth, tellurium, arsenic and tungsten. This chemical association has led Rackla to believe that the mineralizing system at Astro is related to a RIRGS.
The 2023 exploration season was Rackla’s first on the property. Rackla completed a comprehensive program including stream sediment, soil, talus and rock sampling, prospecting, geological mapping, airborne and ground geophysics and diamond drilling. This first pass exploration program by the Company has been successful in refining the understanding of three of the previously identified occurrences (Radio, Ultraviolet and Microwave) and identified 3 new targets within the intrusion: the Lake Creek, X-ray and Photon occurrences.
The drill program was primarily focused on the Radio-Ultraviolet target areas, where 10 of the 12 holes were drilled. The two remaining holes were drilled on the Lake Creek target.
The exploration program on the Radio and Ultraviolet targets defined a gold-arsenic talus-fine geochemical anomaly that measures 750 x 450 m in the valley between the two occurrences. This anomaly is open to the south. Six drill holes tested this anomaly (AST-001, -003, -004, -006, -007, and -008). The best results from the drilling were hole AST-004 (34.12 m @golly (3.05 m @ 3.465 g/t Au with 4174 ppm As). Exploration in the Radio-Ultraviolet valley has returned a large area with significantly anomalous gold in soil samples and rock samples. The Company is of the opinion that the 2023 drill results do not fully explain the source of these gold anomalies and believes that more work is required to understand the anomalies.
At the Radio skarn, the Company conducted prospecting, geological mapping, rock sampling, ground magnetic and electromagnetic surveys and drilled 3 holes (AST-002, -005 and 011): AST-002 was lost in a fault zone before hitting the target; AST-005 intersected 12.44 m @Tommy_Brown intersected 1.50 m @ 0.530 g/t Au with 21 ppm Bi. The ground geophysical survey identified a large coincident magnetic and conductive anomaly east and north of the Radio drill holes. The northern part of this geophysical anomaly, on the west side of the Radio target ridge, is coincident with a soil geochemical gold anomaly. The Company plans to focus exploration on this target in 2024 to define it further, followed by drilling.
At the Ultraviolet target, Rackla conducted prospecting, geological mapping, rock sampling, ground magnetic and electromagnetic surveys and drilled one hole (AST-009). The geophysical survey defined a small magnetic body indicating that the target may be limited in size. Hole AST-009 returned a single intercept of 1.53 m containing 0.44 g/t gold with 62 ppm bismuth. No further work is planned on this target at this time.
The Lake Creek occurrence is defined by a talus sample bismuth anomaly that measures 2.0 x 0.4 km in the valley bottom where prospecting has returned up to 2.38 g/t Au in rock samples. The prospecting program also identified a significant density of sheeted quartz-sulphide veins in the granodiorite that were variably mineralized. Drill hole AST-010 did not return any significant intercepts, but hole AST-012, drilled further up the valley, returned six narrow intervals (1.5 m each) over a 140 m total width with gold values between 0.11 and 0.37 g/t. These gold-bearing intercepts had associated anomalous bismuth and arsenic up to 22 ppm and 973 ppm, respectively. Further work is required in this area to determine if there is a higher-grade source to the talus-fine anomaly.
The X-ray anomaly is defined by a series of anomalous gold-in-stream sediment anomalies, a gold-in-talus anomaly, rock samples that returned up to 2.5 g/t gold and the observation of sheeted quartz-sulphide veins. Only a limited amount of work was conducted in the area and more work is planned for 2024 on this target to define it further.
The Photon anomaly is in the valley south of the X-ray anomaly and northwest of the Gamma skarn. Photon has only had a minor amount of work, consisting of stream sediment sampling and prospecting. The stream sediment sampling returned moderately anomalous gold values with coincident bismuth and arsenic. A large 3m boulder located in the creek with sheeted quartz/sulfide veining returned results of 4.6 g/t gold with 2690 ppm bismuth. This was late in the season but clearly more work is planned to follow-up on these results in 2024.
Rackla is encouraged by these results, particularly because the coincidence of bismuth and arsenic with the gold corroborates the belief that the mineralizing system at Astro is caused by a RIRGS system. The Company plans to do more work on the property in 2024 to further refine these targets and determine if there is a significant mineralizing centre at Astro.
Figure 2: Astro Property compilation map with 2023 drill hole locations.
Click Image To View Full Size
SER Property
The SER property covers the Kelvin Stock, a biotite-hornblende-clinopyroxene granite belonging to the Tombstone Suite. The granite intrudes and alters sedimentary rocks and like the other intrusions in the Complex, has a prominent metasomatized contact aureole.
Three mineral occurrences have been identified on the property: the Tour Zone, the Grid Zone and the Peak Zone. The Tour Zone contains abundant sheeted quartz-tourmaline-scheelite veins along with a Au-Bi-As soil anomaly, the Grid Zone is defined by a strong Au-As soil anomaly and numerous high gold-arsenic rock samples, and the Peak Zone has an anomalous Au-Bi soil anomaly with a few anomalous gold-in-rock samples. Prospecting and rock sampling have returned a considerable number of samples that contain greater than 0.5 g/t gold, with 22% of the samples above 0.5 g/t gold and a peak value of 27.5 g/t gold. The chemistry of the anomalous gold-in-rock samples shows a strong correlation to arsenic and bismuth.
Talus-fine sampling has also identified an area of anomalous bismuth at the head of the valley. The SER property has not yet been drill tested.
Figure 3: SER Property compilation map.
Click Image To View Full Size
HIT Property
The HIT property is centered around the Canol Trail Stock, a monzogranite intrusion belonging to the Cretaceous-aged Tungsten Suite. Rackla completed a comprehensive program at HIT in 2023, including stream sediment, soil, talus and rock sampling, prospecting, geological mapping, airborne geophysics and drilled 997 m in 5 holes on the property. The results of the drill program included 129.8 m grading 0.248 g/t gold in hole HIT-003 and 45.5 m grading 0.516 g/t gold in HIT-004 (October 31, 2023 press release). Both intercepts had a strong correlation with bismuth and arsenic.
Figure 4: HIT Property drill holes HIT-003 and -004 cross section with gold intercepts and density of sheeted veins.
Click Image To View Full Size
Figure 5: HIT Property drill holes HIT-003 and -004 cross section with gold, bismuth, tungsten, tellurium and arsenic.
Click Image To View Full Size
The soil and talus fine sampling program at HIT defined a large gold-bismuth-arsenic anomaly to the west of drill holes HIT-003 and HIT-004. This anomaly is open to the south and north. Prospecting and rock sampling at HIT has returned 11% of the samples containing greater than 0.5 g/t gold (45 samples > 0.5 g/t Au), with the highest value being 26.5 g/t gold. There is a strong correlation between gold, bismuth, tellurium and arsenic in rock and drill core samples.
Figure 6: HIT Property compilation map.
Click Image To View Full Size
Rackla is encouraged by the results of their first summer of exploration in the Astro Intrusive Complex. The geological crew worked hard to become familiar with the geological characteristics of each of the three intrusions and to ground truth the significant historical geological and geochemical dataset. The Company continues to believe that each of the three intrusions has the potential to host significant RIRGS mineralization and the crew is excited to get back on site in 2024 to follow up on these promising results.
Simon Ridgway, Rackla Metals CEO, commented: “The team and I personally are excited by the potential indicated by the drilling at the Astro Intrusive Complex. Holes HIT-003 and HIT-004 are certainly indicating the presence of a RIR Gold System at the Canol Trail Stock. A much larger drill program will be planned for next year to follow up this discovery, and we will continue the boots on the ground exploration of the other properties that the Company now 100% owns.”
Analytical Procedure
Drilling was generally performed with NQ2-sized equipment. Occasionally drill holes were collared with HQ2-sized equipment if ground conditions were difficult. Drill core was systematically logged for geological attributes, photographed and sample intervals identified by a geologist at Rackla’s field camp. Samples were generally sampled at 1.5 m intervals, but occasionally shorter intervals were sampled to isolate features of interest. Samples were collected by cutting the core in half along the axis of the core. Field duplicates were collected at regular intervals by cutting the half core to be sent to the lab into two ¼ core samples, each with unique sample numbers leaving a consistent record of half core material in the core box. Standard reference materials were inserted by Rackla personnel at regular intervals into the sample stream. Samples were delivered by expeditor to ALS Global preparatory facility in Whitehorse, Yukon. Sample preparation was completed in Whitehorse, with analyses completed in North Vancouver, BC. ALS Global is an accredited ISO/IEC 17025 and ISO9001 laboratory for quality management.
At the lab, drill core samples were crushed by ALS to >75% passing below 2 mm and split using a riffle splitter. 250 g splits were pulverized to >85% passing below 75 microns. 0.5 g of the sample pulps were digested with aqua regia and analyzed by an inductively coupled plasma mass spectroscopy and inductively coupled plasma atomic absorption spectroscopy (ICP-MS+ICP-AES) finish for 51-element analysis (ALS code: ME-MS41). All samples were analysed for gold content by fire assay with a gravimetric finish on 50 g samples (ALS code: Au-GRA22).
For the purposes of this release, mineralized intervals are defined as runs of mineralization >0.1 g/t Au.
Qualified Person
Scott Casselman, B.Sc., P.Geo., Vice-President Exploration of the Company, is a member of the Association of Professional Engineers and Geoscientists of British Columbia and is the Company’s Qualified Person as defined by National Instrument 43-101. Mr. Casselman has reviewed and approved the technical information contained in this news release.
About Rackla
Rackla Metals Inc. (TSX-V: RAK) is a Vancouver, Canada based junior gold exploration company. The Company is targeting Reduced Intrusion-Related Gold Systems (RIRGS) mineralization on the southeastern part of the Tombstone Gold Belt in eastern Yukon and western Northwest Territories. Management believes that this area, which is underexplored for RIRGS deposit types, has the potential to be the next frontier for their discovery.
ON BEHALF OF THE BOARD
Simon Ridgway,
CEO and Director
Tel: (604) 801-5432; Fax: (604) 662-8829
Email: info@goldgroup.com
Website: www.racklametals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this press release.
Forward-Looking Information
Certain statements contained in this news release constitute forward-looking statements within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward- looking statements and include, without limitation, statements about the Company’s proposed exploration activities. Often, but not always, these forward looking statements can be identified by the use of words such as “estimate”, “estimates”, “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “upgraded”, “offset”, “limited”, “contained”, “reflecting”, “containing”, “remaining”, “to be”, “periodically”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by forward-looking statements. Such uncertainties and factors include, among others, changes in general economic conditions and financial markets; the Company or any joint venture partner not having the financial ability to meet its exploration and development goals; risks associated with the results of exploration and development activities, estimation of mineral resources and the geology, grade and continuity of mineral deposits; unanticipated costs and expenses; and such other risks detailed from time to time in the Company’s quarterly and annual filings with securities regulators and available under the Company’s profile on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions of management, including but not limited to: that the Company’s stated goals and planned exploration activities at its properties will be achieved; that there will be no material adverse change affecting the Company or its properties; and such other assumptions as set out herein. Forward-looking statements are made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking statements.
Onyx Gold Reports: Maiden Drill Program Confirms Widespread Gold Mineralization at King Tut Project, Yukon Territory
0.30 g/t Gold over 32.50 Meters Returned at the Golden Mask Anomaly
https://www.newsfilecorp.com/release/187447
Vancouver, British Columbia--(Newsfile Corp. - November 15, 2023) - Onyx Gold Corp. (TSXV: ONYX)
White Gold Intercepts 5.04 g/t Au over 20.85m in Western Extension of Near Surface High-Grade Gold Zone & Identifies Additional Gold Occurrences in the Sulphide Domain at Betty Ford Target, White Gold District, Yukon, Canada
https://ca.finance.yahoo.com/news/white-gold-corp-intercepts-5-113000520.html
White Gold Corp.
Tue, November 14, 2023 at 3:30 a.m. PST
Benjamin Hill Announces Start-Up of Inaugural Diamond Drill Program at Alotta Copper-Gold Project in West-Central Yukon
https://www.newsfilecorp.com/release/186651
Vancouver, British Columbia--(Newsfile Corp. - November 8, 2023) - Benjamin Hill Mining Corp. (CSE: BNN) (OTCQB: BNNHF) ("Company") is pleased to announce the start of the diamond drilling program at the Alotta project in the West-Central Yukon. The drilling program will test the central area of a large chargeability anomaly over 2.0 kilometres long. The IP data outlined areas of high chargeability/moderated resistivities, that are also coincident with the anomalous copper and gold in soil and geophysical anomalies.
Alotta Project Highlights:
Magnetic depletion coincident with gold/copper in soils anomalous geochemistry indicates the occurrence of a large, porphyry related hydrothermal system.
High total potassium counts from radiometric survey supports porphyry potential.
IP chargeability results overlap the same area of interest as coincident soil geochemistry and geophysical anomalies.
Allota shows insitu Gold/Copper in-soil geochemical anomalies over 4.0 x 1.0 kilometers.
Similar intrusive complex geological setting to the Casino deposit. Casino deposit is host to 2.17 billion tonnes of measured and indicated resources containing 7.4 billion lbs of copper and 12.7 million ounces of gold - Western Copper and Gold, June 22, 2021 news release announcing PEA outlining the deposit.
Never drill tested, the project is permitted for drill testing. Drilling commences in early November.
Management of project by Archer Cathro and Associates, same company responsible for Casino exploration.
Archer Cathro has defined targets for drill testing. Initial proposal is 2 holes, each to 500-metre depths.
Figure #1 Shows the Alotta camp in the foreground and the drill site in the distance. Light tree coverage allows for simplified logistics.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8680/186651_cefa00cce4ffc94d_001full.jpg
Figure # 2 shows the plan of chargeability results from the 2D IP-Res model overlain by gold-in-soil and magnetic susceptibility (RTP). The dashed polyline highlights the area of greatest interest for testing given the occurrence of favorable geochemical and geophysical anomalies. Also shown is the initially proposed 2 NQ diamond drill holes, each testing up to 500-meters in depth.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8680/186651_cefa00cce4ffc94d_002full.jpg
Cole McClay, CEO of Benjamin Hill Mining Corp. states: "We are excited to finally be able to start drill testing for the first time at Alotta after so many successful geochemical and geophysical studies have been completed on the project, all with excellent results."
About Benjamin Hill Mining Corp.
Benjamin Hill Mining Corp. is a Canadian-listed junior gold exploration company focused on exploring and developing The Alotta project in Canadian Yukon Territory. The Alotta project is a porphyry copper-gold-molybdenum prospect, located 50 km south of the Casino porphyry deposit in the unglaciated portion of the Dawson Range porphyry/epithermal belt.
Qualified Person
Lorne Warner, P.Geo, and President of Benjamin Hill Mining Corp. is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the scientific and technical disclosure in this news release.
On behalf of the Board of Directors
"Cole McClay", CEO Benjamin Hill Mining Corp.
info@benjaminhillmining.com
Forward Looking Statements
Certain of the statements made and information contained herein may contain forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information concerning the Company's intentions with respect to the development of its mineral properties. Forward-looking information is based on the views, opinions, intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information. We seek safe harbor.
WESTERN COPPER AND GOLD PROVIDES GUIDANCE ON ENVIRONMENTAL AND SOCIO-ECONOMIC EFFECTS STATEMENT SUBMISSION AND INFRASTRUCTURE UPDATE
https://www.newswire.ca/news-releases/western-copper-and-gold-provides-guidance-on-environmental-and-socio-economic-effects-statement-submission-and-infrastructure-update-842923435.html
Western Copper and Gold Corporation 10 Nov, 2023, 06:30 ET
VANCOUVER, BC, Nov. 10, 2023 /CNW/ - Western Copper and Gold Corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) through its wholly-owned subsidiary, Casino Mining Corporation ("Casino") has submitted to the Yukon Environmental and Socio-Economic Assessment Board ("YESAB") Executive Committee a schedule for submission of the Environmental and Socio-economic Effects Statement ("ESE Statement") for the Casino Mine Project.
In the schedule, Casino indicates that it plans to submit the ESE Statement in the second half of 2024. The ESE Statement will form the basis for the Company's assessment application for the Panel Review and will include all the material outlined in the Revised ESE Statement Guidelines issued on September 12, 2023. In addition, Casino has been engaging and consulting with First Nations that may be impacted by the project. This will inform all aspects of the ESE Statement development.
"The Company is committed to ensuring that review of the Casino Project occurs in a robust manner using the most up to date methodologies in environmental assessment." stated Paul West-Sells, President and Chief Executive Officer. "We remain confident that the Casino Project is a great asset for the Yukon that will provide benefits to Yukon communities and First Nations for generations to come."
INFRASTRUCTURE UPDATE
The Carmacks Bypass Project ("Bypass"), the first section of the Casino Project access road and a $29.6 million investment by the Yukon and Federal Governments has been completed ahead of schedule. The Bypass will allow industrial vehicles to bypass the Village of Carmacks, reducing heavy traffic, improving community safety, and improving access to mineral exploration and development activities in the area.
The Bypass is comprised of a 70 meter clear span steel bridge with concrete deck and 5 kilometers of new road. The contract was completed by Pelly Construction, who worked closely with Little Salmon Carmacks First Nation ("LSCFN") to ensure employment, training and commercial benefits flowed to the LSCFN Citizens and the community, with over 60% of the wages paid to First Nation citizens.
ABOUT WESTERN COPPER AND GOLD CORPORATION
Western Copper and Gold Corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.
The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino project, using internationally recognized responsible mining technologies and practices.
For more information, visit www.westerncopperandgold.com
On behalf of the board,
"Paul West-Sells"
Dr. Paul West-Sells
President and CEO
Western Copper and Gold Corporation
Cautionary Disclaimer Regarding Forward-Looking Statements and Information
This news release contains certain forward-looking statements concerning anticipated developments in Western's operations in future periods. Statements that are not historical fact are "forward-looking statements" as that term is defined in the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" as that term is defined in National Instrument 51-102 ("NI 51-102") of the Canadian Securities Administrators (collectively, "forward-looking statements"). Certain forward-looking information should also be considered future-oriented financial information ("FOFI") as that term is defined in NI 51-102. The purpose of disclosing FOFI is to provide a general overview of management's expectations regarding the anticipated results of operations and capital expenditures and readers are cautioned that FOFI may not be appropriate for other purposes. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved. These forward-looking statements may include, but are not limited to, statements regarding: mineral resource and reserve estimation; mine plan and operations; internal rate of return; sensitivities; net present value; potential recoveries; design parameters; economic potential; processing mineralized material; the potential of robust economics at Casino; advancing the Project through additional engineering and towards the next step in permitting and submission of an environmental and socio-economic effects statement; key changes to the TMF design; increases to the gold recovery in the heap leach; potential economic returns from the Project; estimated initial capital investment costs; estimated operating costs; estimated mining costs; development of the airstrip and all weather access road; anticipated concentrate handling service charges; developing and operating the Project in a safe, ethical and socially-responsible manner; plans for further development and securing the required permits and licenses for further studies to consider operation; market price of precious and base metals; or other statements that are not statement of fact. The material factors or assumptions used to develop forward-looking statements include prevailing and projected market prices and foreign exchange rates, exploration estimates and results, continued availability of capital and financing, construction and operations, the Company not experiencing unforeseen delays, unexpected geological or other effects, equipment failures, permitting delays, and general economic, market or business conditions and as more specifically disclosed throughout this document, and in the AIF and Form 40-F.
Forward-looking statements are statements about the future and are inherently uncertain, and actual results, performance or achievements of Western and its subsidiaries may differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements due to a variety of risks, uncertainties and other factors. Such risks and other factors include, among others, risks involved in fluctuations in gold, copper and other commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; risks related to joint venture operations; risks related to cooperation of government agencies and First Nations in the development of the property and the issuance of required permits; risks related to the need to obtain additional financing to develop the property and uncertainty as to the availability and terms of future financing; the possibility of delay in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risks and uncertainties disclosed in Western's AIF and Form 40-F, and other information released by Western and filed with the applicable regulatory agencies.
Western's forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and Western does not assume, and expressly disclaims, any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
SOURCE Western Copper and Gold Corporation
For further information: Sandy Noyes, Director, Investor Relations, 604.638.2520 or snoyes@westerncopperandgold.com
Victoria Gold: 2023 Third Quarter Results
https://ca.finance.yahoo.com/news/victoria-gold-2023-third-quarter-233000255.html
Victoria Gold Corp
Thu, November 9, 2023 at 3:30 p.m. PST·17 min read
VITFF
-2.91%
TORONTO, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Victoria Gold Corp. (TSX-VGCX)
Snowline Gold Intersects 372.9 M Of 1.5 Grams Per Tonne Gold Including 212.4 M Of 2.1 Grams Per Tonne Gold from Surface Highlighting Strong Grade Continuity at Its Valley Target, Rogue Project, Yukon
https://www.accesswire.com/801607/snowline-gold-intersects-3729-m-of-15-grams-per-tonne-gold-including-2124-m-of-21-grams-per-tonne-gold-from-surface-highlighting-strong-grade-continuity-at-its-valley-target-rogue-project-yukon
Thursday, 09 November 2023 06:00
Hole V-23-056 returned 372.9 m averaging 1.45 g/t Au, including 2.07 g/t Au over 212.4 m from surface, demonstrating strong continuity of near-surface >2 g/t Au grades across a large area on the Rogue Project's Valley target
Hole V-23-055 returned 359.4 m averaging 1.34 g/t Au from surface including 1.71 g/t Au over 132.5 m, extending near-surface >1 g/t Au mineralization by over 100 m towards the open northeast edge of the mineralized system at Valley
Analytical results pending for 8,300 m from 21 holes (including one metallurgical hole at Valley) across 4 targets in addition to results of extensive surface exploration campaign.
VANCOUVER, BC / ACCESSWIRE / November 9, 2023 / SNOWLINE GOLD CORP (TSX-V:SGD)(OTCQB:SNWGF)
White Gold Intersects 5.03 g/t Gold over 25.0m within 2.96 g/t Gold over 46.5m Significantly Expanding Width of Near Surface Gold Zone by 50% at Betty Ford Target, White Gold District, Yukon, Canada
https://ca.finance.yahoo.com/news/white-gold-corp-intersects-5-120000285.html
White Gold Corp.
Wed, November 8, 2023 at 4:00 a.m. PST
Western Star Resources Announces high priority Untested Drill Targets on the Mount Anderson Property
https://thenewswire.com/press-releases/1A8vF75zN-western-star-resources-inc-announces-high-priority-untested-drill-targets-on-the-mount-anderson-property.html
Vancouver, BC - TheNewswire - November 8th, 2023 - Western Star Resources Inc (CSE:WSR). Has commenced an initial review of the Mount Anderson Property data in the Yukon. The preliminary review has indicated initially there are two major areas of interest, Adanac zone and south of the Fleming skarn target.
Adanac Zone
The strongest target to date on the property consists of a continuous and east-trending zone of rock and soil gold anomalism that prevails for a strike length of ~ 1.5 km. The gold zone starts ~500 m west of the 47 zone, continues east along strike to the Adanac zone. Additionally, gold in soil and rock anomalism is spatially coincident with a significant arcuate-shaped magnetic low that likely corresponds to magnetic destruction in the host Mt Anderson intrusion due to faulting. This is a considerable anomaly that has never been drill tested, nor has the full extent of mineralization been defined. Sample results from a 15m by 0.9-metre pit averaged 62.2 g/t Au and 171.1 g/t Ag
Fleming Skarn Target
A second untested but high potential target occurs south of the Fleming skarn target where coincident As-Sb-Cu soil anomalism located in close proximity to the contact with the Cretaceous intrusion spatially correlates to both an arcuate linear magnetic low and an historic VLF/EM conductor.
In addition, several reconnaissance targets have been identified that have seen little to no surface exploration work. These targets are located along connecting structures within the regional northwest-north, northwest trending dextral fault system.
Historical recommendations of untested drill targets include the following:
A series of short holes, drill test several strong nodes in soil gold-silver anomaly C which were not trenched by past explorers.
Drill test gold-silver MMI anomaly F near where the magnetically-inferred Becker Creek fault displaces the magnetic low along which occur anomalies B, C and F and the known sulphide-quartz vein systems.
Drill test antimony-lead-arsenic anomaly E in a marshy area south of the Fleming skarn zones.
Blake Morgan, the CEO of Western Star, stated “The Mount Anderson story just keeps getting better and better. With multiple drill ready targets sitting on known high-grade zones. The plan is simple, drill test these high-grade areas. With the recent news regarding $5,000,000 in institutional financing the Company is poised to aggressively develop its assets in such tough markets. The company will also have some news regarding drilling on the Western Star project coming soon.”.
The Mt Anderson Property consists of 163 contiguous quartz claims covering 30km2 approximately 60 km south of Whitehorse. The Property is underlain by two intrusive bodies including the Early Jurassic Bennett Granite and the Early-mid Cretaceous Whitehorse Intrusive suite. The latter is referred to as the Mount Anderson Intrusion. Several roof pendants of Nisling Assemblage metasedimentary rocks (Snowcap Group), including quartzites and calcareous meta-clastics, outcrop over a significant area of the NE portion of the Property.
Derrick Strickland, P. Geo (1000315), a shareholder, and a "Qualified Person" for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.
Additional Information
Additional information about the Company and the Transaction is available on SEDAR at www.sedar.com under the Company's profile. The summary of the Transaction set out above is qualified in its entirety by reference to the description of the Transaction in the Company's filing statement posted on SEDAR.
"Western Star Resources Inc. is a mineral exploration and development company. The company's objective is to increase shareholder value through the development of exploration properties using cost-effective exploration practices, acquiring further exploration properties, and seeking partnerships by either joint venture or sale with industry leaders. The company currently owns nine non-surveyed contiguous mineral claims totalling 2,797 hectares, which are located within the Revelstoke mining division of British Columbia. The Western Star property group is located approximately 50 kilometres southeast of Revelstoke, B.C., and roughly 10 kilometres north of the abandoned community of Camborne. Access to the Camborne area is via paved highway from either Revelstoke or Nakusp. Access to the property area is best via helicopter from Revelstoke or Nakusp."
Contact Information:
Blake Morgan, CEO and Director
blake@acvc.vc
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Certain of the statements made and information contained herein may constitute "forward-looking information." In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
Gladiator Metals:Exploration to Commence at the Arctic Chief Trend
Highlights
Class 1 Exploration Notification submitted for 10,000 metres of diamond drilling, scheduled to commence mid-November 2023 at the Arctic Chief Trend
Scheduled Drilling will focus on multiple drill ready, shallow, targets over 2.4km strike on the Arctic Chief trend which include the Arctic Chief, Best Chance, Verona, Grafter and Empress of India prospects
The Arctic Chief trend includes the Best Chance prospect where mineralization remains open along strike and at depth from unreleased and unmined historical drill intersections, best results include:
BCH-024: 15.94m @ 3.19% Cu from 29.96m
BCH-010: 10.36m @ 2.56% Cu from 93.09m
BCH-023: 46.27m @ 1.0% Cu from 24.38m
BCH-022: 16m @ 1.6% Cu from 25.15m
BCH-029: 14.94m @ 1.75% Cu from 27.43m
The second drilling campaign at Cowley Park is ongoing with almost 3,500 metres completed and is scheduled to complete early November for a total of 4,200 metres , assays pending.
Gladiator CEO, Jason Bontempo commented:
"The Arctic Chief Trend continues to develop as a significant exploration opportunity with outcropping copper-gold skarn mineralization now mapped by Gladiator extending for at least 2.4km of strike and external to past historical operations.
Previous successful exploitation of the Arctic Chief Trend was very limited in scope and depth, with only minor amounts of drilling being undertaken outside of the past production area. Mineralization remains open in all directions (along strike and at depth) at all of the defined prospect areas.
Regional programs are still active in the Whitehorse Copper belt with the results of ongoing drone borne magnetics anticipated shortly".
Vancouver, British Columbia--(Newsfile Corp. - November 2, 2023) - Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) (FSE: ZX7) ("Gladiator" or the "Company"), provides an update on current drilling, planned drilling & ongoing regional field mapping and data compilation within the historically producing Whitehorse Copper Project.
Figure 1: Plan map of the Whitehorse Copper Project showing geology and location of key prospects with the newly defined Arctic Chief trend highlighted within the main trend please refer to the Company's news releases dated February 13, 2023; April 3, 2023; and July 31, 2023 for details.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1930/186091_00e886b5c4908a68_002full.jpg
The Arctic Chief Trend
The Company has recently completed collating historic drilling, completed a LIDAR survey and undertaken reconnaissance prospecting and sampling of outcropping Cu-Au skarn mineralization proximal to the Arctic Chief mining pits. This work has identified multiple prospect areas over more than 2.4km of strike that remains open in all directions (refer to Figure 2 below).
Figure 2: Plan map of the Arctic Chief Area with recently identified copper-gold skarn targets identified. Recently collated historical drill results with a cumulative Copper%*m of >40 highlighted. In addition, all recent surface rock chipping completed by Gladiator geologists as part of the summer exploration campaign is shown.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1930/186091_00e886b5c4908a68_003full.jpg
At the Arctic Chief prospect, two historic shallow open cut pits (East & West) that are less than ~40m deep exploited very high-grade ore near surface ~4km to the NW of the Historic Little Chief Mine & Processing Facility. According to Watson (1984)1, "Arctic Chief reported production totaling 202,000 tonnes of copper ore grading 1.4% Cu and 1.0 g/t gold".
1https://data.geology.gov.yk.ca/Reference/42011#InfoTab (Watson 1984 - "The Whitehorse Copper Belt - A Compilation". )
In addition to the historic Arctic Chief prospect, four additional high priority prospects have been identified withing the 2.4km of mineralized strike. These include:
Best Chance Prospect:
Recently collated historic drilling (51 holes for 5,038 metres) none of which had been previously reported by the Company, highlight significant mineralization that remains unmined and extends over more than 250m with mineralization remaining open along strike and at depth. Downhole mineralization includes:
BCH-024: 15.94m @ 3.19% Cu from 29.96m
BCH-022: 16m @ 1.6% Cu from 25.15m
BCH-029: 14.94m @ 1.75% Cu from 27.43m
BCH-023: 46.27m @ 1.0% Cu from 24.38m
BCH-010: 20.18m @ 1.5% Cu from 88.51m including 10.36m @ 2.56% Cu from 93.09m
BCH-006: 51.66m @ 0.67% Cu from 12.13m
BCH-037: 17.07m @ 1.5% Cu from 74.37m
In conjunction to the historic drill data compilation, Gladiator undertook reconnaissance, investigation and sampling of outcropping mineralization proximal to historic drilling. Sampling identified multiple zones of outcropping mineralization in the Best Chance prospect area with results including:
Outcropping skarn mineralization 150m to the north of the drill area. Rock chips include:
8.12% Cu and 0.2g/t Au (H678262)
2.39% Cu (H678263 - No Au assay)
Outcropping skarn mineralization 150m to the south of the drill area. Rock chips include:
3.15% Cu and 3.5g/t Au (H678352)
Verona Prospect:
Undrilled high-grade copper and gold mineralization 400m to the NE of two small open cut mining pits located at Arctic Chief historic mining area defined by rock chipping with results including:
6.02% Cu and 0.3g/t Au (H678347)
3.86% Cu and 1g/t Au (H678349)
2.55% Cu and 0.1g/t Au (H678453)
Grafter Prospect:
Undrilled high-grade copper and gold mineralization defined by rock chipping around small, historic underground workings 200m to the West of the Best Chance prospect area with results including:
12% Cu and 4.4g/t Au (H678356)
4.09% Cu and 3.8g/t Au (H678310)
Empress of India Prospect:
Undrilled high-grade copper and gold mineralization defined by rock chipping of multiple zones over more than 400m of strike with results including:
23.7% Cu and 0.1g/t Au (H678385)
13.4% Cu and 0.3g/t Au (H678332)
12.95% Cu and 0.1g/t Au (H678332)
Arctic Chief Prospect:
The results above over the various prospects comprising the Arctic Chief trend are in addition to a previously announced data compilation completed at Artic Chief Prospect (News release dated 31 July 2023) which included (refer to Figure 3 for locations):
Unmined Intersections:
AC-015: 17.1m @ 1.52% Cu from 26.49m
AC-013: 13.35m @ 1.42% Cu from 20.85m
AC-051: 6.79m @ 3.14% Cu Fr 80.47m
AC-035: 6.71m @ 2.24% Cu Fr 29.44m
Mined Intersections:
XAC-001 21.33m @ 1.48% Cu from 6.1m
XAC-002: 8.43m @ 2.31% Cu from 37.75m
XAC-004: 30.48m @ 1.83% Cu from 15.24m
AC-002: 21.03m @ 3.95% Cu from 21.34m including 9.75m @ 7.81% Cu from 29.87m
AC-009: 23.17m @ 1.10% Cu from 19.2m
AC-010: 27.09m @ 1.49% Cu from 23.2m including 9.96m @ 3.18% Cu from 40.33m
AC-022: 11.34m @ 2.06% Cu from 35.72m
AC-026: 14.2m @ 1.8% Cu from 22.04m, including 7.62m @ 3.01% Cu from 23.56m
Previous successful exploitation of the Arctic Chief Trend was limited in scope and remains shallow with very limited drilling completed outside of the past producing area, with mineralization remaining open both along strike and at depth.
Mineralization has been identified by Gladiator from historical drill records, reconnaissance & rock chip sampling that has identified significant potential for mineralization external to the small open cuts along strike and at depth (figure 3).
Figure 3: Plan map of the Arctic Chief Prospect Target Area. Recently collated historical drill results with a cumulative Copper%*m of >40 highlighted. In addition, all recent surface rock chipping completed by Gladiator geologists as part of the summer exploration campaign is shown.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1930/186091_00e886b5c4908a68_004full.jpg
Historical drilling was selectively sampled for copper only. Given the high-grade gold values reported in recent rock chipping results (up to 19.9 g/t Au - Sample H678440), Gladiator intends to assay all future drilling and sampling for additional credits including gold, silver and molybdenum which were proven contributors to the economics of historic operations.
Holes were drilled at various dips on variable, prospect specific, nominal grids. Gladiator obtained the drill records and logs from the Yukon Geological Survey archives and have captured the data within an industry standard database.
A complete list of the collated historic drilling noted above, including hole location, azimuth and dip can be accessed at:
https://docs.google.com/spreadsheets/d/1PxqggUeUaR5X0MjNWToGq4S44mVnQ3MjnWPIM4RamlY/edit#gid=1892461326
In addition, a complete list of rock chip sampling by Gladiator Metals, including location and generalized geology can be found at:
https://docs.google.com/spreadsheets/d/1PxqggUeUaR5X0MjNWToGq4S44mVnQ3MjnWPIM4RamlY/edit#gid=788939843
Regional Exploration
Work completed to date has identified more than 30, drill ready, high-grade regional targets associated with copper rich skarns at the contact between the Cretaceous age Whitehorse Plutonic Suite and the Triassic to Jurassic Lewes River Group's clastic and carbonate metasediments. Cumulatively, there is more than 35km of underexplored strike on the contact which is highly prospective for high-grade copper ±molybdenum +silver + gold.
Gladiator's position is enhanced at Whitehorse, with the project having near year-round access for work programs, including an established road and drill access network, low capital infrastructure requirements due to the project's proximity to Whitehorse and a strong partnership with the owners of the Whitehorse Copper Project, an experienced local drilling service provider.
QA / QC and Data Verification
The drill results reported in this news release are historical in nature. Gladiator has not undertaken any independent investigation, nor has it independently analyzed the results of the historical exploration work in order to verify the results. The Company believes that the historical drill results do not conform to the presently accepted industry standards. Gladiator considers these historical drill results relevant as the Company will use this data as a guide to plan future exploration and drilling programs. The Company also considers the data to be reliable for these purposes, however, the Company's future exploration work will include verification of the data through drilling. The Company has provided drill results derived form the compilation of historic data relating to prospects which were mined or partially mined by prior operators. The Company is using this data as it attempts to identify trends within the prospect areas. The Company expects to use this data as a guide to plan future exploration and drilling programs.
The historical mineral resources discussed in this press release were calculated using mining industry standard practices for estimating Mineral Resource and Mineral Reserves prior to the implementation of the current CIM standards for mineral resource estimation (as defined by the CIM Definition Standard on Mineral Resources and Mineral Reserves dated May 10, 2014). The reader is cautioned not to treat them, or any part of them, as current mineral resources or reserves. An independent Qualified Person ('QP'), has not done sufficient work to classify the estimate discussed as current mineral resources or reserves and therefore the estimate should be treated as historical in nature and not current mineral resources or mineral reserves. The historical resources have been included simply to demonstrate the mineral potential of the Whitehorse Copper Project. A thorough review of all historical data performed by a QP, along with additional exploration work to confirm results, would be required in order to produce a current mineral resource estimate for each of the key prospects. For greater certainty, the Company confirms that it does not have a current mineral resource on any part of its Whitehorse Copper Project.
Rock Chip Sampling
Rock chip samples are collected and identified by the Company's Geologists who are undertaking regional mapping and sampling throughout the Company's Tenure. Rock chip samples are selectively taken from observed outcrops, subcrops and float material as determined relevant by the geologist. Samples are geologically logged, recorded with a sampling ticket that matches the submitted sample and located by handheld GPS (+/- 5m accuracy). The samples are then sent for analysis. Certified Reference Materials (CRMs) or known blank material is placed within the sampling sequence on an ad-hoc basis. All samples were submitted to the ALS Global Laboratory (Canada).
Samples subject to this release were crushed to 70% less than 2mm before pulverizing to better than 85% passing 75 microns. Samples were then analysed by ALS method Au-AA25 (30g Fire Assay - Ore Grade Au with AA finish), ME-ICP61 or ME-ICP41 (33 elements Aqua Regia with ICP-MS finish), with over limits for Cu analysed by method CU-OG62 and Ag by Ag-OG62 (Aqua Regia with ICP-MS finish). As part of this process, Gladiator also captures the required sampling metadata.
Rock Chip Sampling results are relevant as a guide to plan future exploration and drilling programs and are not necessarily representative of mineralization throughout the prospect as they are highly selective by nature. At this point the Company regards the data collected from this exercise as reliable for the purposes of identifying future exploration targets and may be used to inform future drilling and exploration campaigns.
The Whitehorse Copper Project
The Whitehorse Copper Project is an advanced-stage copper (Cu) ± molybdenum (Mo) ± silver (Ag) ± gold (Au) skarn exploration project in the Yukon Territory, Canada. The property comprises 314 contiguous claims covering approximately 5,380 Hectares (13,294 acres) in the Whitehorse Mining District.
Copper mineralization was first discovered in 1897 on the Whitehorse Copper Belt, as it became to be known. The Whitehorse Copper Belt comprised over 30 copper-related, primarily skarn occurrences covering an area of 35 by 5 km in a north westerly trending arc. Exploration and mining development have been carried out intermittently since that time with the main production era lasting between 1967 and 1982 where production totaled 267,500,000 pounds copper, 225,000 ounces of gold and 2,838,000 ounces of silver from 11.1 million tons of mineralized material milled (Watson, 1984).
The Project is accessible through with numerous access roads and trails located within 2 km of the South Klondike Highway and the Alaska Highway. An extensive network of historical gravel exploration and haul roads exists throughout the project area, providing excellent access to the majority of the claim package. Access to existing electric power facilities is available through the main Yukon power grid.
In November 2022, Gladiator executed an option agreement to acquire 100% of the Whitehorse Copper Project by incurring exploration expenditures of $12m on the project, staged payment of $300,000 in cash and the staged issue of 15m shares over 6 years. Following the exercise of the option, the Company must pay the Optionor, or such other person(s) as the Optionor may direct from time to time, a 1.0% net smelter returns royalty on the Whitehorse Copper Project.
Qualified Person
All scientific and technical information in this news release has been prepared or reviewed and approved by Kell Nielsen, the Company's Vice President Exploration, a "qualified person" as defined by NI 43-101.
ON BEHALF OF THE BOARD
"Jason Bontempo"
Jason Bontempo
President and CEO
For further information contact:
Dustin Zinger, Investor Relations
+1-604-653-9464
dzinger@gladiatormetals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Certain of the statements and information in this news release constitute "forward-looking statements" or "forward-looking information". Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "believes", "plans", "estimates", "intends", "targets", "goals", "forecasts", "objectives", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) that are not statements of historical fact may be forward-looking statements or information..
Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, the need for additional capital by the Company through financings, and the risk that such funds may not be raised; the speculative nature of exploration and the stages of the Company's properties; the effect of changes in commodity prices; regulatory risks that development of the Company's material properties will not be acceptable for social, environmental or other reasons; availability of equipment (including drills) and personnel to carry out work programs; and that each stage of work will be completed within expected time frames. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements or information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.
The Company's forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this news release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information.
CANTEX INTERSECTS STRONG MASSIVE SULPHIDE IN ITS FIRST HOLE DRILLED IN 2023 AT NORTH RACKLA PROJECT, YUKON
https://www.newswire.ca/news-releases/cantex-intersects-strong-massive-sulphide-in-its-first-hole-drilled-in-2023-at-north-rackla-project-yukon-879286818.html
Cantex Mine Development Corp. 25 Oct, 2023, 09:00 ET
KELOWNA, BC, Oct. 25, 2023 /CNW/ - Cantex Mine Development Corp. (TSXV: CD) (OTCQB: CTXDF) (the "Company") is pleased to report that Cantex is presently drilling on its North Rackla claims.
The first hole (YKDD23-279) drilled at a -45° inclination into the Main Zone of the silver-lead-zinc-germanium mineralization encountered a 7.8 metre intersection of strong massive sulphide from a depth of 82.5 metres (refer to drill hole location Map 1).
Map 1. 2023 Drill program update (CNW Group/Cantex Mine Development Corp.)
Cantex is pleased to report such an outstanding intersection on its first hole. Drilling continues.
About Cantex Mine Development Corp.
Cantex is focused on its 100-per-cent-owned, 20,000-hectare North Rackla Project located 150 kilometres northeast of the town of Mayo in Yukon, Canada, where significant massive sulphide mineralization has been discovered. Over 60,000 metres of drilling has defined high-grade silver-lead-zinc-germanium mineralization over 2.3 kilometres of strike length and 700 metres depth. The mineralization remains open along strike and to depth. The company is led by Dr. Fipke, the founder of Ekati, Canada's first diamond mine.
The technical information and results reported here have been reviewed by Mr. Chad Ulansky P.Geol., a Qualified Person under National Instrument 43-101, who is responsible for the technical content of this release.
Signed,
Charles Fipke
Dr. Charles Fipke, CM
Chairman
FORWARD LOOKING STATEMENTS: Certain of the statements and information in this press release constitute "forward-looking statements" or "forward-looking information". Further, any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "believes", "plans", "estimates", "intends", "targets", "goals", "forecasts", "objectives", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forwardlooking statements or information. The Company's forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking statements and information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Cantex Mine Development Corp.
For further information: Cantex Mine Development Corp, Tel: +250-860-8582, Email: info@cantex.ca
Sitka Gold Drills 84.0 Metres of 1.21 g/t Gold From Surface 450 Metres East of the Blackjack Deposit at its RC Gold Project, Yukon
https://ca.finance.yahoo.com/news/sitka-gold-drills-84-0-123000456.html
CNW Group
Mon, October 30, 2023 at 5:30 a.m. PDT·20 min read
SITKF
0.00%
VANCOUVER, BC, Oct. 30, 2023 /CNW/ - Sitka Gold Corp. ("Sitka" or the "Company") (CSE: SIG)
Rackla Metals Closing in on a Reduced Intrusion-related Gold System (RIRGS) on the HIT Property, Yukon
https://thenewswire.com/press-releases/1AG9Fq1jx-rackla-metals-closing-in-on-a-reduced-intrusion-related-gold-system-rirgs-on-the-hit-property-yukon.html
Vancouver, British Columbia - TheNewswire - October 31, 2023 - Rackla Metals Inc. (TSX-V:RAK)
Tectonic Metals Acquires Three Additional Potential Intrusions On-Trend with the Flat Gold Project
https://www.accesswire.com/797311/tectonic-metals-acquires-three-additional-potential-intrusions-on-trend-with-the-flat-gold-project
Monday, 30 October 2023 07:30
Adds 7680 Acres North of Original Flat Claim Boundary to Secure the Underexplored Northern Extension of the Flat Gold System
VANCOUVER, BC / ACCESSWIRE / October 30, 2023 / Tectonic Metals Inc. (TSXV:TECT)(OTCQB:TETOF)(FSE:T15B)
Transition Metals Provides Update on Remote Sensing and Field Programs at the Pike Warden Project, Yukon
High-resolution LiDAR, orthophotography, and multispectral satellite alteration mapping products highlight new prospective hydrothermal alteration trends focused along major structures
Fieldwork in September to follow up to multispectral targets has resulted in the discovery of two new molybdenite occurrences in a previously unsurveyed portion of the property
Additional staking of 376 ha was completed to secure favourable ground
https://www.newsfilecorp.com/release/185013
Sudbury, Ontario--(Newsfile Corp. - October 24, 2023) - Transition Metals Corp. (TSXV: XTM)
Fireweed Intersects 81.3 m of 8.5% Zinc, 1.1% Lead, and 47.0 g/t Silver, Including 12.4 m of 17.2% Zinc, 2.0% Lead, and 79.1 g/t Silver at Boundary Zone
https://fireweedmetals.com/fireweed-intersects-81-3-m-of-8-5-zinc-1-1-lead-and-47-0-g-t-silver-including-12-4-m-of-17-2-zinc-2-0-lead-and-79-1-g-t-silver-at-boundary-zone/
October 24, 2023
Western Star Resources Closes 100% Acquisition of Mount Anderson Property Yukon and Engages Black Swan Communication Services
https://thenewswire.com/press-releases/1knDFjJPa-western-star-resources-inc-closes-100-acquisition-of-mount-anderson-property-yukon-and-engages-black-swan-communication-services.html
Vancouver, BC - TheNewswire - October 18, 2023 - Western Star Resources Inc. (CSE:WSR). is pleased to announce the closing of the Mount Anderson Property (the “Property) in the Yukon.
Blake Morgan, the CEO of Western Star, stated “The 100% acquisition of the Mount Anderson Property is a huge accomplishment. With astonishing assay results from a grab sample collected in 2017 67.5 g/t gold, 2,058 g/t silver, >10.0% lead, 9.44% zinc and 9.84% copper. The team is thrilled to get started on this road accessible and drill ready asset. The company plans to have more news regarding the property shortly”.
The Mt Anderson Property consists of 163 contiguous quartz claims covering 30 km2 approximately 60 km south of Whitehorse. The Property is underlain by two intrusive bodies including the Early Jurassic Bennett Granite and the Early-mid Cretaceous Whitehorse Intrusive suite. The latter is referred to as the Mount Anderson Intrusion. Several roof pendants of Nisling Assemblage metasedimentary rocks (Snowcap Group), including quartzites and calcareous meta-clastics, outcrop over a significant area of the NE portion of the Property.
Several historical prospects be identified on the Property.
The Adanac Zone is a continuous galena vein ranging from 0.1 to 0.4m in width, within stronglylimoniticandmoderatelyazurite-bearinggranodioritichostrock.Sampleresults from a 15m by 0.9-metre pit averaged 62.2 g/t Au and 171.1 g/t Ag
The EPI Zone is a northeast-trending quartz-agate-fluoride epithermal vein roughly 1.0 metre in width within a 50-metre-long limonite and manganese-bearing shear zone.
The Ridge Zone is broad area of quartz-galena veining, returned up to 6.273 opt gold and 15.21 opt silver. Mineralized float was found in all trenches and anomalous values were returned from the soil sampling program.
TheRobSkarnmineralizationconsistsofsulphide-richgarnetactinolite-calc-silicate skarn with up to 5% pyrite and pyrrhotite and trace chalcopyrite.
The e Fleming Zn-Pb-Cu-Ag-(Au) skarn mineralization occurs as lenticular zones comprisedofpyrrhotite-chalcopyrite-pyritegalenaassociatedwithmassivemagnetite and specular hematite-in a gangue of quartz, calcite, epidote,
47TargetZonewiththreemineralizedquartzveinsinshearzone30longand 5 metres wide
Terms of the Acquisition
Pursuant to the Agreement, the Company acquired the Mount Anderson Property through a 100% acquisition, the Company will issue an aggregate of 1,000,000 common shares in the capital of the Company (each, a “Common Share”) to the Vendors and grant a 1% NSR royalty in respect of commercial production from the Property.
The Company also announces that it has engaged Black Swan Solutions Inc. to provide digital media and capital markets communications services. Black Swan is a digital marketing firm that will assist with online communications and strategies with the goal of increasing awareness of the Company and its projects. The nature and platform of the promotional activity will be digital communications on social media platforms such as YouTube, Instagram, TikTok and Twitter. In consideration for these services Western Star has agreed to engage Black Swan for a period of six-month commencing October 9, 2023, in exchange for 500,000 shares.
Derrick Strickland, P. Geo (1000315), a shareholder, and a "Qualified Person" for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.
Additional Information
Additional information about the Company and the Transaction is available on SEDAR at www.sedar.com under the Company's profile. The summary of the Transaction set out above is qualified in its entirety by reference to the description of the Transaction in the Company's filing statement posted on SEDAR.
"Western Star Resources Inc. is a mineral exploration and development company. The company's objective is to increase shareholder value through the development of exploration properties using cost-effective exploration practices, acquiring further exploration properties, and seeking partnerships by either joint venture or sale with industry leaders. The company currently owns nine non-surveyed contiguous mineral claims totalling 2,797 hectares, which are located within the Revelstoke mining division of British Columbia. The Western Star property group is located approximately 50 kilometres southeast of Revelstoke, B.C., and roughly 10 kilometres north of the abandoned community of Camborne. Access to the Camborne area is via paved highway from either Revelstoke or Nakusp. Access to the property area is best via helicopter from Revelstoke or Nakusp."
Contact Information:
Blake Morgan, CEO and Director blake@acvc.vc
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Certain of the statements made and information contained herein may constitute "forward-looking information." In particular references to the private placement and future work programs or expectations on the quality or results of
such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
Snowline Gold Intersects 424.0 m of 1.4 Grams Per Tonne Gold from Surface Including 186.5 m of 1.9 Grams per Tonne Gold Adding new Mineralized Extension to Valley Target, Rogue Project, Yukon
https://www.accesswire.com/794552/snowline-gold-intersects-4240-m-of-14-grams-per-tonne-gold-from-surface-including-1865-m-of-19-grams-per-tonne-gold-adding-new-mineralized-extension-to-valley-target-rogue-project-yukon
Thursday, 19 October 2023 07:00
Snowline Gold Further Extends Primary Mineralization at Its Valley Discovery With Drill Results of 539.4 m of 1.2 Grams per Tonne Gold From Surface Including 151.5 m of 2.4 Grams per Tonne Gold
https://www.accesswire.com/790200/snowline-gold-further-extends-primary-mineralization-at-its-valley-discovery-with-drill-results-of-5394-m-of-12-grams-per-tonne-gold-from-surface-including-1515-m-of-24-grams-per-tonne-gold
Thursday, 05 October 2023 07:00
Hole V-23-049 returned 539.4 m averaging 1.20 g/t Au from surface (entire length in mineralization), including 2.41 g/t Au over 151.5 m, confirming robust continuity and grade well below and east of mineralization in V-22-007
Hole V-23-050 returned 423.3 m averaging 1.08 g/t Au from surface, including 1.45 g/t Au over 252.0 m along northeastern edge of system, demonstrating strong near-surface mineralization that remains open
Drilling ongoing at Valley, with assays still pending for more than half of 2023 drilling to date (12,428+ m remain, from 31 holes across 5 targets).
VANCOUVER, BC / ACCESSWIRE / October 5, 2023 / SNOWLINE GOLD CORP (TSXV:SGD)(OTCQB:SNWGF
Victoria Gold: Eagle Gold Mine Q3 2023 Production
https://ca.finance.yahoo.com/news/victoria-gold-eagle-gold-mine-100000017.html
Victoria Gold Corp
Wed, October 4, 2023 at 3:00 a.m. PDT
Gladiator Recommences Drilling at the Whitehorse Copper Project and Strengthens Executive Team
https://www.newsfilecorp.com/release/181907
Vancouver, British Columbia--(Newsfile Corp. - September 26, 2023) - Gladiator Metals Corp. (TSXV: GLAD) (OTC Pink: GDTRF) ("Gladiator" or the "Company") is pleased to announce that drilling has recommenced at the Cowley Park Copper prospect at the Whitehorse Copper Project.
A 4,000m diamond drill program has commenced at the Cowley Park Prospect to test identified High-grade copper skarn mineralization.
The program will test strike and depth extensions to mineralization providing Gladiator with a better understanding of the mineral potential within the Whitehorse Copper Project.
Gladiator is fully funded to expand its ambitious exploration program at the Whitehorse Copper Project with $8.2 million cash on hand (on 26 September)
Gladiator is also pleased to announce additions to its Whitehorse-based management team through the appointment of:
Marcus Harden, President: Geologist with more than 20 years of exploration and management experience with key roles in multiple discoveries globally. Former Principal Geologist - First Quantum Minerals.
Leneath Yanson, Community Liaison: More than 5 years of community and public relations experience in Non-Profit and Yukon First Nations community and economic development.
Gladiator CEO, Jason Bontempo commented:
"Gladiator is excited to recommence diamond drilling at the high-grade Cowley Park Copper Prospect. Over the summer, Gladiator's team has integrated surface mapping, historic drill hole datasets and planned regional geophysical surveys to identify potential controls on high-grade mineralisation within the deposit. This drilling is focused on better defining this high-grade mineralisation as well as testing its strike and depth extensions.
Gladiator has also boosted its management team through the appointments of Marcus Harden as President and Leneath Yanson as Community Relations Liaison. The strengthening of the team ensures that Gladiator can execute its core strategy with the aim of delineating a high-grade copper inferred resource at the Whitehorse Copper project in a framework that respects and benefits the local communities and stakeholders.
We look forward to updating the market in the coming months with results from our summer field campaign, data compilation of historic drilling, further sampling assays from previously unlogged and unsampled core as well as results from Gladiators drill campaign at Cowley Park."
Cowley Park - Updated Targeting
The Company has recently updated its model of identified mineralisation at the Cowley Park Prospect through the integration of historical drilling and recent surface mapping from summer field campaigns.
High-grade copper skarn mineralization has now been traced over more than 700m strike with mineralization remaining open in all directions.
The current drilling programme is designed to target extensions to identified high-grade mineralised trends through step out drill holes located primarily to the south and southeast of identified mineralisation, including following up on the most southeasterly hole to date, 19-CP-08 which intersected 43.28m @ 2.24% Cu from 93.27m (Figure 1).
Figure 1: Plan map of the advanced Cowley Park Copper Prospect. Recently collated historical drill results with a cumulative Copper%*m of >40 highlighted as well as recent assay results from previously unassayed core from exploration drilling completed in recent years. Proposed drilling also highlighted.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1930/181907_18d5f8b204813806_002full.jpg
A complete list of the compiled holes from Cowley Park and their significant intercepts and details can be found at:
https://docs.google.com/spreadsheets/d/1mn25VTZ5DSvCH-NfXUYRnCmB6WxwWVE5NVYMdYKd41U/edit#gid=1204953821
Further details on quoted mineralisation intersected in drilling contained in this release, plus any relevant information regarding QAQC can be found at:
"Gladiator Metals Announces Results of Maiden Drill Program at Cowley Park Copper Prospect" - Announced to the TSX on 24 July, 2023.
"Gladiator Metals Intersects Copper in Maiden Drill Campaign at Cowley Park" - Announced to the TSX 5 June, 2023.
"Gladiator Metals Assays 32.92m @ 2.08% Copper from Historical Drill Core at Cowley Park" - Announced to the TSX 15 May, 2023.
"Gladiator Metals Samples 12.5m @ 8.02% Copper at the Cowley Park and Commences Drilling at the Whitehorse Copper Project" - Announced to the TSX 27 April, 2023.
"Gladiator Metal Announces Additional High-Grade Copper Drill Intercepts" - Announced to the TSX 3 April, 2023.
The Whitehorse Copper Project
The Whitehorse Copper Project is an advanced-stage copper (Cu) ± molybdenum (Mo) ± silver (Ag) ± gold (Au) skarn exploration project in the Yukon Territory, Canada. The property comprises 314 contiguous claims covering approximately 5,380 Hectares (13,294 acres) in the Whitehorse Mining District.
Copper mineralization was first discovered in 1897 on the Whitehorse Copper Belt, as it became to be known. The Whitehorse Copper Belt comprised over 30 copper-related, primarily skarn occurrences covering an area of 35 by 5 km in a north westerly trending arc (refer to Figure 2). Exploration and mining development have been carried out intermittently since that time with the main production era lasting between 1967 and 1982 where production totaled 267,500,000 pounds copper, 225,000 ounces of gold and 2,838,000 ounces of silver from 11.1 million tons of mineralized skarn ore milled (Watson, 1984).
The Project is accessible through with numerous access roads and trails located within 2 km of the South Klondike Highway and the Alaska Highway. An extensive network of historical gravel exploration and haul roads exists throughout the project area, providing excellent access to the majority of the claim package. Access to existing electric power facilities is available through the main Yukon power grid.
In November 2022, Gladiator executed an option agreement to acquire 100% of the Whitehorse Copper Project by incurring exploration expenditure of $12m on the project, staged payment of $300,000 in cash and the staged issue of 15m shares over 6 years. Following the exercise of the Option, the Company must pay the Optionor, or such other person(s) as the Optionor may direct from time to time, a 1.0% net smelter returns royalty on the Whitehorse Copper Project.
Figure 2: Plan map of the Whitehorse Copper Project showing geology and location of key prospects within the main trend please refer to Company's news releases dated February 13 2023 and April 3, 2023 for details.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1930/181907_18d5f8b204813806_003full.jpg
Qualified Person
All scientific and technical information in this news release has been prepared or reviewed and approved by Kell Nielsen,a "qualified person" as defined by NI 43-101.
The Company announces the grant of a total of 1,825,000 incentive stock options to certain directors, officers and consultants of the Company, subject to TSX Venture Exchange acceptance. Each option is exercisable to purchase one common share of the Company for five years at a price of CAD 0.55 per common share in accordance with the terms of the Company's stock option plan and subject to certain vesting provisions.
ON BEHALF OF THE BOARD
"Jason Bontempo"
Jason Bontempo
President and CEO
For further information contact:
Dustin Zinger, Investor Relations
+1-604-653-9464
dzinger@gladiatormetals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Certain of the statements and information in this news release constitute "forward-looking statements" or "forward-looking information". Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "believes", "plans", "estimates", "intends", "targets", "goals", "forecasts", "objectives", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) that are not statements of historical fact may be forward-looking statements or information..
Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, the need for additional capital by the Company through financings, and the risk that such funds may not be raised; the speculative nature of exploration and the stages of the Company's properties; the effect of changes in commodity prices; regulatory risks that development of the Company's material properties will not be acceptable for social, environmental or other reasons; availability of equipment (including drills) and personnel to carry out work programs; and that each stage of work will be completed within expected time frames. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements or information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.
The Company's forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this news release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information.
Sitka Gold Drills 219.0 Metres of 1.34 g/t Gold Including 124.8 Metres of 2.01 g/t Gold and 55.0 Metres of 3.11 g/t Gold at its RC Gold Project, Yukon
https://ca.finance.yahoo.com/news/sitka-gold-drills-219-0-120000204.html
CNW Group
Tue, September 26, 2023 at 5:00 a.m. PDT·13 min read
SITKF
-8.6826%
VANCOUVER, BC,Sept. 26, 2023/CNW/ -Sitka Gold Corp. ("Sitka" or the"Company")(CSE: SIG) (FSE: 1RF) (OTCQB: SITKF
Transition Metals Discovers Additional High Grade Polymetallic Mineralized Zones, and Provides Exploration Update for the Pike Warden Project, Yukon
Prospecting grab samples assay up to 954 g/t Ag, 832 g/t Ag, and 347 g/t Ag
Sampling at the ERT has significantly expanded the known mineralized footprint of this target area
3 new showings discovered in previously unsampled northeastern portion of the property, highlighting new prospective areas
Polymetallic nature of mineralization is encouraging for a larger epithermal system
https://www.newsfilecorp.com/release/180190
Sudbury, Ontario--(Newsfile Corp. - September 11, 2023) - Transition Metals Corp. (TSXV: XTM
Victoria Gold Acquires Yukon Properties
https://ca.finance.yahoo.com/news/victoria-gold-acquires-yukon-properties-210000280.html
Victoria Gold Corp
Thu, September 14, 2023 at 2:00 p.m. PDT·8 min read
Brewery Creek: 1.1M ozs of M&I and 1.0M ozs of Inferred Gold Resources
WHITEHORSE, YT, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Victoria Gold Corp. (TSX-VGCX) (“Victoria” or the “Company”) is pleased to announce the acquisition of Sabre Gold Mines Corp.’s (TSX-SGLD) (“Sabre”) Yukon assets (the “Transaction”, or the “Acquisition”), via the acquisition of Sabre’s wholly owned Yukon subsidiary, Golden Predator Mining Corp. (“Golden Predator”). All currency amounts listed in Canadian dollars.
Victoria has acquired Sabre’s 100% interest in the Brewery Creek property, as well as the 100%-owned Gold Dome and Grew Creek exploration properties.
Mr. John McConnell, President and CEO of Victoria commented: “With the acquisition of Sabre’s Yukon assets, we are pleased to be expanding our footprint and asset base in our own backyard. With our track record of exploration, permitting, development and operations in Yukon, we believe we can add value to this portfolio of assets.”
Brewery Creek is a formerly producing heap leach project, covering 181 square kilometers, located in northwestern Yukon, approximately 55 kilometers east of Dawson City, Yukon and approximately 120 kilometers west of Victoria’s Eagle Gold Mine. The property is the subject of a NI 43-101 Technical Report which sets out a Mineral Resource Estimate1 of 34.5 million tonnes of Measured and Indicated Mineral Resources grading 1.03g/t Au, containing 1.14 million ounces of gold and 36.0 million tonnes of Inferred Mineral Resources grading 0.88g/t Au, containing 1.02 million ounces of gold (effective date of Mineral Resource Estimate: May 31, 2020). Brewery Creek is also the subject of a Preliminary Economic Assessment1 with an effective date of January 18, 2022.
The Gold Dome property is road accessible and covers 95 square kilometres and is located approximately 25 kilometres west of the village of Mayo, Yukon. The Grew Creek property covers approximately 135 square kilometres and is located on the Robert Campbell highway, approximately 6 kilometres west of Ross River, Yukon.
Golden Predator has reported non-capital losses of $44 million. Victoria expects certain tax-related synergies to be associated with the Transaction.
Transaction Details
The Acquisition was completed pursuant to the terms of a share purchase agreement between Victoria and Sabre, whereby Victoria acquired all of the issued and outstanding shares of Golden Predator, a wholly owned subsidiary of Sabre, which indirectly holds a 100% interest in the Brewery Creek property, as well as certain other mineral assets that include the Gold Dome and Grew Creek exploration properties. After giving effect to the Acquisition, Golden Predator is now a wholly owned subsidiary of Victoria.
Victoria will pay aggregate consideration of $13.5 million for Golden Predator, payable as follows:
initial consideration of $1.5 million in cash and an additional $7.0 million in cash or Victoria shares at Victoria’s election (“elective portion”), payable on closing;
$0.5 million in cash and an additional $2.5 million in cash or Victoria Shares at Victoria’s election, payable on the 12-month anniversary of the closing date; and
$0.5 million in cash and an additional $1.5 million in cash or Victoria Shares at Victoria’s election, payable on the 24-month anniversary of the closing date.
Victoria has satisfied the elective portion of the initial consideration in cash from its treasury.
All required approvals for the Transaction have been obtained and the Transaction closed on September 14, 2023.
Advisors and Counsel
Desjardins Capital Markets acted as financial advisor to Victoria. Bennett Jones LLP acted as Victoria’s legal counsel.
1 – Technical Report is available on SEDAR+ (www.sedarplus.com) under Sabre's issuer profile.
Qualified Person
The technical content of this news release has been reviewed and approved by Paul D. Gray, P.Geo., as the “Qualified Person” within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
About the Dublin Gulch Property
Victoria Gold's 100%-owned Dublin Gulch gold property (the “Property”) is situated in central Yukon Territory, Canada, approximately 375 kilometers north of the capital city of Whitehorse, and approximately 85 kilometers from the town of Mayo. The Property is accessible by road year round, and is located within Yukon Energy's electrical grid.
The Property covers an area of approximately 555 square kilometers, and is the site of the Company's Eagle and Olive Gold Deposits. The Company issued a National Instrument 43-101 Technical Report for the Eagle Gold Mine dated April 10, 2023 (the “2023 Eagle Technical Report”). As at December 31, 2022, the Eagle and Olive deposits include Proven and Probable Reserves of 2.6 million ounces of gold from 124 million tonnes of ore with a grade of 0.65 grams of gold per tonne. As at December 31, 2022, the Mineral Resource for the Eagle and Olive deposits set forth in the 2023 Eagle Technical Report has been estimated to host 245 million tonnes averaging 0.59 grams of gold per tonne, containing 4.7 million ounces of gold in the Measured and Indicated category, inclusive of Proven and Probable Reserves, and a further 35 million tonnes averaging 0.62 grams of gold per tonne, containing 0.7 million ounces of gold in the Inferred category.
Cautionary Language and Forward-Looking Statements
This press release includes certain statements that may be deemed "forward-looking statements". Except for statements of historical fact relating to Victoria, information contained herein constitutes forward-looking information, including any information related to Victoria's strategy, plans or future financial or operating performance. Forward-looking information is characterized by words such as “plan”, “expect”, “budget”, “target”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may”, “will”, “could” or “should” occur, and includes any guidance and forecasts set out herein (including, but not limited to, production and operational guidance of the Corporation). In order to give such forward-looking information, the Corporation has made certain assumptions about its business, operations, the economy and the mineral exploration industry in general. In this respect, the Corporation has assumed that production levels will remain consistent with management’s expectations, contracted parties provide goods and services on agreed timeframes, equipment works as anticipated, required regulatory approvals are received, no unusual geological or technical problems occur, no material adverse change in the price of gold occurs and no significant events occur outside of the Corporation's normal course of business. Forward-looking information is based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those described in, or implied by, the forward-looking information. These factors include the impact of general business and economic conditions, global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future conditions, anticipated metal production, fluctuating metal prices, currency exchange rates, estimated ore grades, possible variations in ore grade or recovery rates, changes in accounting policies, changes in Victoria's corporate resources, changes in project parameters as plans continue to be refined, changes in development and production time frames, the possibility of cost overruns or unanticipated costs and expenses, uncertainty of mineral reserve and mineral resource estimates, higher prices for fuel, steel, power, labour and other consumables contributing to higher costs and general risks of the mining industry, failure of plant, equipment or processes to operate as anticipated, final pricing for metal sales, unanticipated results of future studies, seasonality and unanticipated weather changes, costs and timing of the development of new deposits, success of exploration activities, requirements for additional capital, permitting time lines, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims, limitations on insurance coverage and timing and possible outcomes of pending litigation and labour disputes, risks related to remote operations and the availability of adequate infrastructure, fluctuations in price and availability of energy and other inputs necessary for mining operations. Although Victoria has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in, or implied by, the forward-looking information, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The reader is cautioned not to place undue reliance on forward-looking information. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding Victoria's expected financial and operational performance and Victoria's plans and objectives and may not be appropriate for other purposes. All forward-looking information contained herein is given as of the date hereof, as the case may be, and is based upon the opinions and estimates of management and information available to management of the Corporation as at the date hereof. The Corporation undertakes no obligation to update or revise the forward-looking information contained herein and the documents incorporated by reference herein, whether as a result of new information, future events or otherwise, except as required by applicable laws.
For Further Information Contact:
John McConnell
President & CEO
Victoria Gold Corp
Tel: 604-696-6605
ceo@vgcx.com
Sitka Gold Intercepts 108.00 g/t Gold Over 1.2 Metres Within 4.15 g/t Gold Over 38.2 Metres at its RC Gold Project, Yukon
https://ca.finance.yahoo.com/news/sitka-gold-intercepts-108-00-130500750.html
CNW Group
Mon, September 11, 2023 at 6:05 a.m. PDT·12 min read
VANCOUVER, BC , Sept. 11, 2023 /CNW/ - Sitka Gold Corp. ("Sitka" or the "Company") (CSE: SIG) (FSE: 1RF) (OTCQB: SITKF
Victoria Gold: 3.5 g/t Au over 27.5m at Raven Deposit, Dublin Gulch Gold Camp, Yukon
https://ca.finance.yahoo.com/news/victoria-gold-3-5-g-100000629.html
Victoria Gold Corp
Thu, September 14, 2023 at 3:00 a.m. PDT·13 min read
WHITEHORSE, Yukon, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Victoria Gold Corp. (TSX-VGCX)
WESTERN COPPER AND GOLD RECEIVES ASSESSMENT GUIDELINES FOR CASINO PROJECT
https://www.newswire.ca/news-releases/western-copper-and-gold-receives-assessment-guidelines-for-casino-project-892253764.html
Western Copper and Gold Corporation 13 Sep, 2023, 06:30 ET
VANCOUVER, BC, Sept. 13, 2023 /CNW/ - Western Copper and Gold Corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) through its wholly-owned subsidiary, Casino Mining Corporation ("Casino") has received the Revised Environmental and Socio-economic Effects Statement Guidelines (the "Guidelines") from the Executive Committee of the Yukon Environmental and Socio-Economic Assessment Board ("YESAB") prior to the deadline of September 15, 2023. The Guidelines set out the information that the Company must provide in their Environmental and Socio-economic Statement ("ESE Statement") submission to YESAB.
The Company is currently reviewing the Guidelines and will prepare a schedule for submission of the ESE Statement for the Casino Project by November 11, 2023, as required by the Yukon Environmental and Socio-economic Assessment Act.
"We are pleased to receive the Guidelines, and appreciate the efforts made by the team at YESAB, and all participants in the Casino Project assessment process," said Paul West-Sells, President and CEO. "This is an important step in moving the project forward in a way that reflects Yukoners values."
ABOUT WESTERN COPPER AND GOLD CORPORATION
Western Copper and Gold Corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.
The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino project, using internationally recognized responsible mining technologies and practices.
For more information, visit www.westerncopperandgold.com
On behalf of the board,
"Paul West-Sells"
Dr. Paul West-Sells
President and CEO
Western Copper and Gold Corporation
Cautionary Disclaimer Regarding Forward-Looking Statements and Information
This news release contains certain forward-looking statements concerning anticipated developments in Western's operations in future periods. Statements that are not historical fact are "forward-looking statements" as that term is defined in the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" as that term is defined in National Instrument 51-102 ("NI 51-102") of the Canadian Securities Administrators (collectively, "forward-looking statements"). Certain forward-looking information should also be considered future-oriented financial information ("FOFI") as that term is defined in NI 51-102. The purpose of disclosing FOFI is to provide a general overview of management's expectations regarding the anticipated results of operations and capital expenditures and readers are cautioned that FOFI may not be appropriate for other purposes. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved. These forward-looking statements may include, but are not limited to, statements regarding: mineral resource and reserve estimation; mine plan and operations; internal rate of return; sensitivities; net present value; potential recoveries; design parameters; economic potential; processing mineralized material; the potential of robust economics at Casino; advancing the Project through additional engineering and towards the next step in permitting and submission of an environmental and socio-economic effects statement; key changes to the TMF design; increases to the gold recovery in the heap leach; potential economic returns from the Project; estimated initial capital investment costs; estimated operating costs; estimated mining costs; development of the airstrip and all weather access road; anticipated concentrate handling service charges; developing and operating the Project in a safe, ethical and socially-responsible manner; plans for further development and securing the required permits and licenses for further studies to consider operation; market price of precious and base metals; or other statements that are not statement of fact. The material factors or assumptions used to develop forward-looking statements include prevailing and projected market prices and foreign exchange rates, exploration estimates and results, continued availability of capital and financing, construction and operations, the Company not experiencing unforeseen delays, unexpected geological or other effects, equipment failures, permitting delays, and general economic, market or business conditions and as more specifically disclosed throughout this document, and in the AIF and Form 40-F.
Forward-looking statements are statements about the future and are inherently uncertain, and actual results, performance or achievements of Western and its subsidiaries may differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements due to a variety of risks, uncertainties and other factors. Such risks and other factors include, among others, risks involved in fluctuations in gold, copper and other commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; risks related to joint venture operations; risks related to cooperation of government agencies and First Nations in the development of the property and the issuance of required permits; risks related to the need to obtain additional financing to develop the property and uncertainty as to the availability and terms of future financing; the possibility of delay in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risks and uncertainties disclosed in Western's AIF and Form 40-F, and other information released by Western and filed with the applicable regulatory agencies.
Western's forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and Western does not assume, and expressly disclaims, any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
SOURCE Western Copper and Gold Corporation
For further information: Please contact: Sandy Noyes, Director, Investor Relations, 604.638.2520 or snoyes@westerncopperandgold.com
Snowline Gold Intersects 256.2 M of 2.2 Grams Per Tonne Gold and 517.9 M of 1.1 Grams Per Tonne Gold, Both From Surface, at Its Valley Discovery, Rogue Project, Yukon
https://www.accesswire.com/782624/snowline-gold-intersects-2562-m-of-22-grams-per-tonne-gold-and-5179-m-of-11-grams-per-tonne-gold-both-from-surface-at-its-valley-discovery-rogue-project-yukon
Monday, 11 September 2023 07:00
Hole V-23-048 returned 2.20 g/t Au over 265.2 m including 3.28 g/t Au over 100.2 m from surface (with the top 30.2 m averaging 5.03 g/t Au) in a 100 m step across strike to SW from previous hole V-23-039
Hole V-23-045 returned 1.14 g/t Au over 517.9 m from surface in 102 m step across strike to NE from previous hole V-23-037, adding significant scale that remains open
Multiple additional holes at Rogue Project's Valley target demonstrate large intervals of strong mineralization outside the edges of previously known mineralization.
VANCOUVER, BC / ACCESSWIRE / September 11, 2023 / SNOWLINE GOLD CORP (TSX-V:SGD)(OTC:SNWGF)
Onyx Gold Provides Exploration Update at King Tut Property in Yukon
https://www.newsfilecorp.com/release/180176
Vancouver, British Columbia--(Newsfile Corp. - September 11, 2023) - Onyx Gold Corp. (TSXV: ONYX) ("Onyx" or the "Company") is pleased to provide an update on its ongoing exploration program at the King Tut Property located in Yukon, Canada (Figure 1).
A fully funded drill program consisting of 8-10 diamond drill holes for a planned 2,500 meters is underway and is expected to continue until mid to late September. Results are expected in mid-to-late October and will be issued regularly throughout the remainder of the year.
Exploration Update:
Completion of Seven diamond drill holes (1,661 m) at the Main Tut and Golden Mask targets, with drilling ongoing;
Collection of Over 1,350 soil samples looking to expand known gold-in-soil anomalies to identify new targets for follow-up;
Completion of High-resolution LiDAR topographic surveying of the entire property;
Completion of 1,500 line-km of drone-based magnetic geophysical surveying, with preliminary data generating several prospective targets to help guide current drilling; and
Mapping, prospecting, and geochemical sampling is ongoing.
"We are excited to be the first team drilling this prospective property," said Brock Colterjohn, President & CEO. "We believe we are on the ground floor in this emerging Canadian gold district in the eastern Tombstone belt, as well as being part of the larger Tintina Gold Province hosting many large bulk tonnage gold systems with predictable exploration models (Figure 2). This year's work is progressing well, with our first core delivered for assaying with results expected in mid to late October."
Yukon Properties
Onyx controls a portfolio of greenfield gold properties in eastern Yukon, totaling 210 km2. The King Tut Property is Onyx's most advanced and compelling property, located in the heart of an emerging reduced intrusive-related gold district in Yukon's Selwyn Basin. Previous fieldwork identified large-scale undrilled gold-in-soil anomalies in a comparable geological setting 50 km from Snowline Gold's Rogue/Valley Discovery, one of Canada's most significant new gold discoveries.
Onyx commenced the first-ever drill program on the King Tut Property in late July of this year. Phase 1 drilling focused on testing the Main Tut and Golden Mask gold-in-soil anomalies which are associated with two separate intrusion-related gold systems. Two drill holes were completed at the Main Tut target (639 m), and five drill holes (1,022 m) have been completed at the Golden Mask target. Results are pending.
In addition to drilling, Onyx has undertaken extensive geophysical and geochemistry surveys and mapping and prospecting programs that have generated prospective targets for future drilling and other exploration work. Preliminary data from the drone-based magnetic geophysical survey has been processed and interpreted, and the results are helping guide current drilling and future exploration plans, highlighting the significant upside potential of the King Tut Property.
Figure 1 - Tombstone Belt Gold Belt
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9800/180176_33d014fae4268854_002full.jpg
Figure 2 - Reduced Intrusive Related Gold Systems (Red Dots) Within The Tombstone Gold Belt (Pink)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9800/180176_33d014fae4268854_003full.jpg
About Onyx Gold
Onyx Gold is an exploration company focused on well-established Canadian mining jurisdictions, with assets in Timmins, Ontario, and Yukon Territory. The Company's extensive portfolio of quality gold projects in the greater Timmins gold camp includes the Munro-Croesus Gold property, renowned for its high-grade mineralization, plus two additional earlier-stage large exploration properties, Golden Mile and Timmins South. Onyx Gold also controls four properties in the Selwyn Basin area of Yukon Territory, which is currently gaining significance due to recent discoveries in the area. Onyx Gold's experienced board and senior management team are committed to creating shareholder value through the discovery process, careful allocation of capital, and environmentally/socially responsible mineral exploration.
On Behalf of Onyx Gold Corp.
"Brock Colterjohn"
President & CEO
For further information, please visit the Onyx Gold Corp. website at www.onyxgold.com or contact:
Brock Colterjohn, President & CEO
or
Nicole Hoeller, VP of Corporate Communications
Phone: 1-604-629-1165 or North American toll-free 1-855-629-1165
Email: nicole@onyxgold.com or information@onyxgold.com.
Website: www.onyxgold.com
Twitter: @OnyxGoldCorp
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward looking information: This news release includes certain "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively "forward looking statements").
Forward-looking statements include predictions, projections, and forecasts and are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast", "expect", "potential", "project", "target", "schedule", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Company's planned exploration programs and drill programs and potential significance of results are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company's expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital, and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials, and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events, or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate, and accordingly readers are cautioned not to place undue reliance on forward-looking statements.
Banyan Intersects 1.66 g/t Gold Over 16 Metres, Powerline Deposit, AurMac Project, Yukon, Canada
https://www.accesswire.com/780947/banyan-intersects-166-gt-gold-over-16-metres-powerline-deposit-aurmac-project-yukon-canada
Wednesday, 06 September 2023 06:00
VANCOUVER, BC / ACCESSWIRE / September 6, 2023 / Banyan Gold Corp . (the " Company " or " Banyan ") ( TSXV:BYN )( OTCQB:BYAGF )
White Gold Intersects Broad Zones of Near Surface Gold Mineralization including 3.38 g/t Au over 53 m at Betty Ford Target, and 1.4 g/t Gold over 58.4 m at Vertigo Target, White Gold District, Yukon, Canada
https://finance.yahoo.com/news/white-gold-corp-intersects-broad-110000134.html
White Gold Corp.
Thu, September 7, 2023 at 4:00 AM PDT
SITKA BEGINS MAIDEN DRILLING ON THE JOSEPHINE INTRUSION GOLD TARGET AT ITS RC GOLD PROJECT, YUKON
https://ca.finance.yahoo.com/news/sitka-begins-maiden-drilling-josephine-123000035.html
CNW Group
Thu, September 7, 2023 at 5:30 a.m. PD
SITKA DRILLS 449.0 METRES OF 0.74 G/T GOLD FROM SURFACE, INCLUDING 138.0 METRES OF 1.14 G/T GOLD AT ITS RC GOLD PROJECT, YUKON
https://ca.finance.yahoo.com/news/sitka-drills-449-0-metres-123000759.html
CNW Group
Tue, September 5, 2023 at 5:30 a.m. PDT·17 min read
www.sitkagoldcorp.com
VANCOUVER, BC, Sept. 5, 2023 /CNW/ - Sitka Gold Corp. ("Sitka" or the "Company") (CSE: SIG) (FSE: 1RF) (OTCQB: SITKF)
Honey Badger Silver Completes Exploration Program At Plata Silver Project
https://www.newsfilecorp.com/release/178355
Toronto, Ontario--(Newsfile Corp. - August 24, 2023) - Honey Badger Silver Inc. (TSXV: TUF) ("Honey Badger" or the "Company") is pleased to provide an update on its ongoing exploration work at its wholly owned Plata Silver Project, Yukon. The project is located in eastern Yukon, adjacent to Snowline Gold Corp.'s Rogue Project. Field work completed this year was undertaken by a crew contracted from Archer Cathro & Associates (1981) Limited and included prospecting, geological mapping, and geochemical sampling. A total of 308 soil and 56 rock chip samples were collected and are being assayed. Assay results will be released when they have been received and interpreted. The objective of this year's field program was to further define the exploration targets at Plata and to define drill targets for future testing.
The Company's CEO, Dorian L. (Dusty) Nicol, commented, "We remain very excited about the exploration potential at our Plata Project. Our confidence in Plata's potential has been fueled by recent announcements by Snowline Gold Corp. from their Rogue Project, adjacent to Plata. Our geologic mapping this year continues to identify mineralization in a geologic setting similar to Rogue, associated with structures that provided pathways for mineralizing fluids from intrusions. We look forward to receiving the assay results from this season's sampling so that we can interpret them and plan the next steps of work. Meanwhile, the field crews have mobilized to our Groundhog and Clear Lake projects."
Multiple new zones of mineralization were observed during the program, associated with previously identified soil geochemical anomalies. Mineralization observed comprised sulphides and iron oxides associated with silicification and quartz-veining. Field observations will be collated with assay data when they become available. This will lead to recommendations for the next phase of work on this project.
The map below shows the location of the Company's Plata Project in relation to Snowline Gold Corp.'s Rogue Project, where significant gold mineralization is being discovered, including a drill intercept of 553.8 metres of 2.48 g/t Au, beginning from surface (Snowline Gold News Release dated August 3, 2023). Mineralization at Rogue is associated with Cretaceous-age intrusive rocks that comprise the Tintina Belt of gold deposits, including the Fort Knox in Alaska and Eagle deposits near Mayo in Yukon. The geologic setting at Plata is similar, with evidence of intrusive rocks of the same age and fracture and vein style mineralization.
Figure 1: Plata Silver Project
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3204/178355_8fb5f3b804ea1bef_001full.jpg
Technical information in this news release has been approved by Heather Burrell, P.Geo., a senior geologist with Archer, Cathro& Associates (1981) Limited, and Qualified Person (QP) for the purpose of National Instrument 43-101.
About Honey Badger Silver Inc.
Honey Badger Silver is a Canadian silver company based in Toronto, Ontario, that is focused on the acquisition, development, and integration of accretive transactions of silver ounces. The Company is led by a highly experienced leadership team with a track record of value creation backed by a skilled technical team. With significant land holdings in southeast and south-central Yukon, including the Plata property 180 kms to the east of the Keno Hill silver district, as well as Ontario's historic Thunder Bay Silver District, Honey Badger Silver is positioning to be a top-tier silver company.
ON BEHALF OF THE BOARD
Dorian L. (Dusty) Nicol, President & CEO
For more information please visit our website www.honeybadgersilver.com or contact Ms. Michelle Savella for Investor Relations | msavella @noelbull
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Forward-looking information in this news release includes statements regarding: the structure and anticipated benefits of completing the acquisition of the Cachinal Project (including historical resource estimate and possible positive effects on cash-flow); and any other information herein that is not a historical fact may be "forward-looking information". Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time such assumptions and estimates were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Honey Badger to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.
Such factors include, but are not limited to, risks relating to capital and operating costs varying significantly from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; other risks involved in the mineral exploration and development industry; and those risks set out in the Company's public documents filed on SEDAR (www.sedar.com) under Honey Badger's issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed timeframes or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Victoria Gold: Operational Update
https://ca.finance.yahoo.com/news/victoria-gold-operational-100000463.html
Victoria Gold Corp
August 21, 2023·6 min read
WHITEHORSE, Yukon, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Victoria Gold Corp. (TSX-VGCX) (“Victoria” or the “Company”) is pleased to provide an update on the status of operations at the Eagle Gold mine (“Eagle”) in Yukon, Canada.
Following the second evacuation of Eagle on August 4, 2023, due to the proximity of the East McQuesten wildfire, favourable conditions allowed for the return of employees to site on August 10th (see release dated August 9, 2023). Full production rates at the operation were resumed on August 11th. Yukon Wildland Fire Management demobilized from Eagle on August 13th.
Separately, the evacuation order for the village of Mayo was lifted on August 13th and the Company has re-established its normal supply chain and crew change logistics.
Mr. John McConnell, President and CEO commented, “We are pleased that operations have returned to normal. Rainy conditions over the past week have significantly reduced the wildfire risk near Eagle. We would like to thank our employees and contractors for their excellent response to this situation, which allowed a smooth restart of production. The Yukon Wildland Fire Management team provided a comprehensive, professional response to the East McQuesten wildfire for which we are grateful. We are also pleased to see the evacuation order lifted for the residents of Mayo. Our thoughts are with the residents of Yellowknife, Kelowna and the many other communities across Canada and internationally who continue to be affected by wildfires.”
Qualified Person
The technical content of this news release has been reviewed and approved by Paul D. Gray, P.Geo., as the “Qualified Person” as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
About the Dublin Gulch Property
Victoria Gold's 100%-owned Dublin Gulch gold property (the “Property”) is situated in central Yukon Territory, Canada, approximately 375 kilometers north of the capital city of Whitehorse, and approximately 85 kilometers from the town of Mayo. The Property is accessible by road year round, and is located within Yukon Energy's electrical grid.
The Property covers an area of approximately 555 square kilometers, and is the site of the Company's Eagle and Olive Gold Deposits. The Eagle Gold Mine is Yukon's newest operating gold mine. The Eagle and Olive deposits include Proven and Probable Reserves of 3.3 million ounces of gold from 155 million tonnes of ore with a grade of 0.65 grams of gold per tonne, as outlined in a National Instrument 43-101 Technical Report for the Eagle Gold Mine dated December 3, 2019. The Mineral Resource under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) for the Eagle and Olive deposits has been estimated to host 227 million tonnes averaging 0.67 grams of gold per tonne, containing 4.7 million ounces of gold in the "Measured and Indicated" category, inclusive of Proven and Probable Reserves, and a further 28 million tonnes averaging 0.65 grams of gold per tonne, containing 0.6 million ounces of gold in the "Inferred" category.
Cautionary Language and Forward-Looking Statements
This press release includes certain statements that may be deemed "forward-looking statements". Except for statements of historical fact relating to Victoria, information contained herein constitutes forward-looking information, including any information related to Victoria's strategy, plans or future financial or operating performance. Forward-looking information is characterized by words such as “plan”, “expect”, “budget”, “target”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may”, “will”, “could” or “should” occur, and includes any guidance and forecasts set out herein (including, but not limited to, production and operational guidance of the Corporation). In order to give such forward-looking information, the Corporation has made certain assumptions about the its business, operations, the economy and the mineral exploration industry in general, in particular in light of the impact of the novel coronavirus and the COVID-19 disease (“COVID-19”) on each of the foregoing. In this respect, the Corporation has assumed that production levels will remain consistent with management’s expectations, contracted parties provide goods and services on agreed timeframes, equipment works as anticipated, required regulatory approvals are received, no unusual geological or technical problems occur, no material adverse change in the price of gold occurs and no significant events occur outside of the Corporation's normal course of business. Forward-looking information is based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those described in, or implied by, the forward-looking information. These factors include the impact of general business and economic conditions, risks related to COVID-19 on the Company, global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future conditions, anticipated metal production, fluctuating metal prices, currency exchange rates, estimated ore grades, possible variations in ore grade or recovery rates, changes in accounting policies, changes in Victoria's corporate resources, changes in project parameters as plans continue to be refined, changes in development and production time frames, the possibility of cost overruns or unanticipated costs and expenses, uncertainty of mineral reserve and mineral resource estimates, higher prices for fuel, steel, power, labour and other consumables contributing to higher costs and general risks of the mining industry, failure of plant, equipment or processes to operate as anticipated, final pricing for metal sales, unanticipated results of future studies, seasonality and unanticipated weather changes, costs and timing of the development of new deposits, success of exploration activities, requirements for additional capital, permitting time lines, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims, limitations on insurance coverage and timing and possible outcomes of pending litigation and labour disputes, risks related to remote operations and the availability of adequate infrastructure, fluctuations in price and availability of energy and other inputs necessary for mining operations. Although Victoria has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in, or implied by, the forward-looking information, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The reader is cautioned not to place undue reliance on forward-looking information. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding Victoria's expected financial and operational performance and Victoria's plans and objectives and may not be appropriate for other purposes. All forward-looking information contained herein is given as of the date hereof, as the case may be, and is based upon the opinions and estimates of management and information available to management of the Corporation as at the date hereof. The Corporation undertakes no obligation to update or revise the forward-looking information contained herein and the documents incorporated by reference herein, whether as a result of new information, future events or otherwise, except as required by applicable laws.
For Further Information Contact:
John McConnell
President & CEO
Victoria Gold Corp
Tel: 604-696-6605
ceo@vgcx.com
WESTERN COPPER AND GOLD ANNOUNCES DRILLING PROGRAM AT CASINO AND PROVIDES UPDATE ON GOVERNMENT INFRASTRUCTURE DEVELOPMENT
https://www.newswire.ca/news-releases/western-copper-and-gold-announces-drilling-program-at-casino-and-provides-update-on-government-infrastructure-development-812647584.html
Western Copper and Gold Corporation 23 Aug, 2023, 06:00 ET
VANCOUVER, BC, Aug. 23, 2023 /CNW/ - Western Copper and Gold Corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce its 2023 drilling program (the "Program") at its wholly owned Casino Copper-Gold Project ("Casino").
The Program was developed by Western's Technical and Sustainability Committee, which is comprised of members from Western, Rio Tinto and Mitsubishi Materials, as outlined in the Investor Rights Agreements entered as part of investments by Rio Tinto Canada and Mitsubishi Materials into Western (see news releases dated May 17, 2021 and March 24, 2023 respectively). The program is outlined below:
Metallurgical and Infill Drilling
A diamond drill program consisting of approximately 2,200 m of drilling in seven drill holes, ranging from 130 m to 560 m in depth, has been initiated. These drill holes are located inside the current pit boundaries and upon completion, this program is expected to result in upgrading of some of the Indicated Resource to the Measured Resource category.
A metallurgical program, using drill core collected from this program, will commence upon completion of drilling and receipt of assays. The program will focus on developing a more detailed geometallurgical model of the deposit, with a focus on an updated recovery and concentrate model.
Geotechnical and Hydrogeological Drilling
The Program also includes roughly 800 m of geotechnical and hydrogeological drilling designed by Knight-Piesold Consulting. This will target the ground conditions of the proposed open pit, stockpiles, tailings management facility, heap leaching facility, new airstrip, and the proposed Ranney well site.
"This is the first drill program developed by our new combined Technical and Sustainability Committee," said Paul West-Sells, President and CEO. "We are excited to be working with Rio and Mitsubishi, and look forward to working with them as this Program moves forward."
INFRASTRUCTURE AND GOVERNMENT RELATIONS
In August, Yukon Premier Pillai and the Federal Minister of Innovation, Science and Industry Francois-Philippe Champagne toured Western's Casino Copper-Gold Project while discussing infrastructure development to support Yukon's economic growth. Premier Pillai stated, "We are committed to responsible mining practices that will contribute positively to the territory's development and long-term prosperity. We look forward to continued work with our federal partners to develop the infrastructure necessary to unlock these opportunities." The full statement is available by clicking this link.
QUALIFIED PERSON
Technical information in this news release has been reviewed and approved by Carl Schulze, P.Geo, and a 'Qualified Person' as defined under Canadian National Instrument 43-101.
ABOUT WESTERN COPPER AND GOLD CORPORATION
Western Copper and Gold Corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.
The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino project, using internationally recognized responsible mining technologies and practices.
For more information, visit www.westerncopperandgold.com.
On behalf of the board,
"Paul West-Sells"
Dr. Paul West-Sells
President and CEO
Western Copper and Gold Corporation
Cautionary Disclaimer Regarding Forward-Looking Statements and Information
This news release contains certain forward-looking statements concerning anticipated developments in Western's operations in future periods. Statements that are not historical fact are "forward-looking statements" as that term is defined in the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" as that term is defined in National Instrument 51-102 ("NI 51-102") of the Canadian Securities Administrators (collectively, "forward-looking statements"). Certain forward-looking information should also be considered future-oriented financial information ("FOFI") as that term is defined in NI 51-102. The purpose of disclosing FOFI is to provide a general overview of management's expectations regarding the anticipated results of operations and capital expenditures and readers are cautioned that FOFI may not be appropriate for other purposes. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved. These forward-looking statements may include, but are not limited to, statements regarding: mineral resource and reserve estimation; mine plan and operations; internal rate of return; sensitivities; net present value; potential recoveries; design parameters; economic potential; processing mineralized material; the potential of robust economics at Casino; advancing the Project through additional engineering and towards the next step in permitting and submission of an environmental and socio-economic effects statement; key changes to the TMF design; increases to the gold recovery in the heap leach; potential economic returns from the Project; estimated initial capital investment costs; estimated operating costs; estimated mining costs; development of the airstrip and all weather access road; anticipated concentrate handling service charges; developing and operating the Project in a safe, ethical and socially-responsible manner; plans for further development and securing the required permits and licenses for further studies to consider operation; market price of precious and base metals; or other statements that are not statement of fact. The material factors or assumptions used to develop forward-looking statements include prevailing and projected market prices and foreign exchange rates, exploration estimates and results, continued availability of capital and financing, construction and operations, the Company not experiencing unforeseen delays, unexpected geological or other effects, equipment failures, permitting delays, and general economic, market or business conditions and as more specifically disclosed throughout this document, and in the AIF and Form 40-F.
Forward-looking statements are statements about the future and are inherently uncertain, and actual results, performance or achievements of Western and its subsidiaries may differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements due to a variety of risks, uncertainties and other factors. Such risks and other factors include, among others, risks involved in fluctuations in gold, copper and other commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; risks related to joint venture operations; risks related to cooperation of government agencies and First Nations in the development of the property and the issuance of required permits; risks related to the need to obtain additional financing to develop the property and uncertainty as to the availability and terms of future financing; the possibility of delay in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risks and uncertainties disclosed in Western's AIF and Form 40-F, and other information released by Western and filed with the applicable regulatory agencies.
Western's forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and Western does not assume, and expressly disclaims, any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
SOURCE Western Copper and Gold Corporation
For further information: Sandy Noyes, Director, Investor Relations, 604.638.2520 or snoyes@westerncopperandgold.com
Alianza Minerals moves ahead with new focus on high grade silver projects
Rebranding to Silver North Resources Ltd.
Haldane and Tim Silver Properties are lead projects
1 for 5 share consolidation to tighten share structure
https://silvernorthres.com/alianza-minerals-moves-ahead-with-new-focus-on-high-grade-silver-projects/
Aug 10, 2023
Alianza Minerals Ltd. (“Alianza”) (TSX-V: ANZ, OTCQB: TARSF) announces that effective August 14, 2023, the Company is changing its corporate identity and rebranding as “Silver North Resources Ltd.” and will start trading on the TSX Venture Exchange under the symbol “SNAG”.
“Rebranding as Silver North Resources Ltd. is a strategic move to focus on silver and align with evolving needs of the global economy, particularly the accelerating demand for silver and its pivotal role in sustainable technologies,” explained Jason Weber, President and CEO. “The name Silver North Resources encapsulates our focus on two high grade silver projects in Haldane and Tim, both located in known silver-producing camps, helping Silver North be better recognized and valued as a leading junior silver explorer.”
The road-accessible Haldane is a high grade silver project in the Keno Hill Silver District, approximately 22 km from Hecla Mining’s Keno Hill silver mine. Recent exploration at Haldane led to the discovery of a new high grade silver target at the West Fault, where intersections including 8.72m averaging 311 g/t Ag, 0.89% Pb and 1.13% Zn; 3.14m averaging 1351 g/t Ag, 2.43% Pb and 2.91% Zn, and 4.27m averaging 363 g/t Ag, 1.73% Pb and 2.80% Zn have defined a silver-bearing vein system 3-8 metres wide over a 100 by 90 metre area with eight holes to date. In all, over 12 km of cumulative vein strike potential exists, with only 28 surface drillholes to date testing portions of this potential. This includes one hole at the Bighorn target which has identified a new target area 3 km from previously known mineralization.
The Tim silver project lies 19 km north of Coeur Mining’s Silvertip silver-lead-zinc mine, in the same rocks that host mineralization at the Silvertip Mine. Prior exploration at Tim has identified silver-bearing oxide mineralization 4 to 30 metres wide in trenches on surface over 1,700 metres of strike length. Trench sampling results include 365 g/t silver and 7.5% lead over a 3.7 metre chip sample of oxidized material. Tim is road accessible, located off the access road to the Silvertip Mine. The Tim property is optioned to Coeur Mining, who can earn an 80% interest by funding $3.55 million in exploration expenditures, by making cumulative cash payments of $575,000 and completing a feasibility study by the 8th anniversary. A five year mining land use permit to conduct trenching and drilling is in place for the Tim project.
The Company also holds copper and gold projects in Nevada and Colorado that will be divested or optioned out, allowing management to focus its efforts on its silver portfolio.
The Company also announces that pursuant to directors’ resolutions dated July 25, 2023, and following the receipt of all necessary approvals, effective August 14, 2023, the Company will be consolidating its common shares on the basis of one (1) new post-consolidation common share for every five (5) pre-consolidation common shares (the “Consolidation”).
Effective at the opening of the market on August 14, 2023, the common shares of the Company will commence trading on a post-Consolidation basis under the new ticker symbol “SNAG” (CUSIP: 828061101; ISIN: CA8280611010). There are currently 158,950,655 common shares outstanding, and following the completion of the Consolidation, the Company will have approximately 31,877,994 shares outstanding.
No fractional shares will be issued in connection with the Consolidation. Each fractional share following the Consolidation that is less than one-half of a share will be cancelled and each fractional share that is at least one-half of a share will be rounded up to the nearest whole share. No cash consideration will be paid in respect of fractional shares.
All options and warrants outstanding will reflect the change in accordance with the Consolidation. Registered holders of common shares will receive a letter of transmittal from Computershare Trust Company of Canada with instructions on how to exchange existing share certificates for new post-Consolidation share certificates.
About Alianza Minerals Ltd.
Alianza is rebranding to focus on its silver portfolio of projects. Previously, the Company employed a discovery-focused business model of joint venture funding and self-funded projects to maximize opportunity for exploration success. The Company’s primary assets going forward will remain its 100% owned Haldane silver project and the Tim silver project (under option to Coeur Mining, Inc.), Alianza also holds gold and base metal projects in Yukon Territory, Colorado and Nevada, including one optioned to Volt Lithium (formerly Allied Copper) within an alliance with Cloudbreak Discovery PLC. The Company is actively seeking partners on its other projects. Alianza also holds certain royalties on projects in North and South America.
Alianza is listed on the TSX Venture Exchange under the symbol “ANZ” and trades on the OTCQB market in the US under the symbol “TARSF”.
Mr. Jason Weber, P.Geo., President and CEO of Alianza Minerals Ltd. is a Qualified Person as defined by National Instrument 43-101. Mr. Weber supervised the preparation of the technical information contained in this release.
For further information, contact:
Jason Weber, President and CEO
Sandrine Lam, Shareholder Communications
Tel: (604) 807-7217
Fax: (888) 889-4874
To learn more visit: www.alianzaminerals.com
Twitter: https://twitter.com/AlianzaMinerals
LinkedIn: https://www.linkedin.com/company/alianza-minerals-ltd
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY’S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.
Nickel Creek Platinum Announces Positive PFS for its Nickel Shäw Project
https://www.newswire.ca/news-releases/nickel-creek-platinum-announces-positive-pfs-for-its-nickel-shaw-project-804230241.html
Nickel Creek Platinum Corp. 24 Aug, 2023, 18:00 ET
TORONTO, Aug. 24, 2023 /CNW/ - Nickel Creek Platinum Corp. (TSX: NCP) (OTCQB: NCPCF)
Granite Creek Copper Receives Preliminary Metallurgical Results Demonstrating Potential for Significant Additional Copper Recovery
https://www.accesswire.com/776152/Granite-Creek-Copper-Receives-Preliminary-Metallurgical-Results-Demonstrating-Potential-for-Significant-Additional-Copper-Recovery
Wednesday, August 23, 2023 8:00 AM
Granite Creek Copper Ltd.
www.gcxcopper.com
VANCOUVER, BC
B.C. exploration company Gladiator Metals pleads guilty to charges related to Yukon copper project
https://ca.finance.yahoo.com/news/b-c-exploration-company-pleads-214320036.html
CBC
Tue, August 22, 2023 at 2:43 p.m. PDT·2 min read
A mineral exploration company working near Whitehorse has pleaded guilty to six charges under the Yukon's Quartz Mining Act.
B.C.-based Gladiator Metals has admitted to several violations of its operating permit in the Cowley Creek area, south of the city. Among other things, the company made clearings that were too large, upgraded roads without authorization, failed to contain drill fluids, and may have disturbed archeological artifacts.
The charges relate to work done between April 24 and May 12 this year.
The company has been drilling in the area near Cowley Creek to measure copper levels, under a permit for early-stage exploration.
According to an agreed statement of facts presented in Yukon Territorial Court on Friday, the company was given approval to proceed with its exploration program on April 18. The company was granted a Class 1 quartz exploration notification.
The statement then lists six ways the company exceeded the scope of its permit.
It states that in its claim area, Gladiator made nine clearings that exceeded 200 square metres, the maximum size allowed under its permit. It also states that the company upgraded sections of existing trail and access road without authorization, and left "several large ruts and gouges" on roads in the claim area, again in violation of its operating conditions.
Gladiator also failed to get approval from the Heritage Resources Unit before disturbing a certain area that had been set out on a map.
"Current information suggests archeological artifacts may have been disturbed, but a complete assessment is still underway," the statement of facts reads.
The company also failed to preserve the vegetative mat removed in some areas. The company's operating conditions required it to protect seed and root stocks within the mat, and to store it separately so it could later be restored in the area after the exploration program is done.
There were also issues with drill fluids seen "flowing into the nearby forest," and residue stains seen on the forest floor. The company's operating conditions require that all drill fluids be contained in a sump.
Gladiator's project raised concerns this past spring among local residents who complained about the "horrific mess" the company was making.
The statement of facts also lists work done by the company in response to the charges.
It says the company has fixed up the ruts and gouges, and also done reclamation work where the clearings were made and roads and trails upgraded, "to the extent that is possible given the soil conditions in the area."
The company has also now constructed appropriate sumps to contain drill fluids.
Gladiator is also cooperating with the Heritage Resources Branch to determine the impact of its disturbance to the areas where there may be archeological artifacts. The statement says a complete assessment, still underway, will determine whether more reclamation work is needed.
Gladiator will be back before Yukon Territorial Court on Aug. 30 for sentencing.
Fireweed Intersects 118.0 m of 15.1% Zinc, 2.8% Lead, and 85.8 g/t Silver and also 82.5 m of 11.9% Zinc, 2.2% Lead and 81.2 g/t Silver: Multiple Zones of High-Grade Mineralization In Single Drillhole
https://fireweedmetals.com/fireweed-intersects-118-0-m-of-15-1-zinc-2-8-lead-and-85-8-g-t-silver-and-also-82-5-m-of-11-9-zinc-2-2-lead-and-81-2-g-t-silver-multiple-zones-of-high-grade-mineralization-in-single-drillhole/
August 22, 2023
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The topic here is Resource extraction in the Yukon...
Yukon Mining Recorder -
http://www.yukonminingrecorder.ca/index.html
http://www.gov.yk.ca/
www.emr.gov.yk.ca/energy/energy_strategy.html
The Spell of the Yukon by Robert Service:
I wanted the gold, and I sought it;
I scrabbled and mucked like a slave.
Was it famine or scurvy, I fought it;
I hurled my youth into a grave.
I wanted the gold, and I got it --
Came out with a fortune last fall, --
Yet somehow life's not what I thought it,
And somehow the gold isn't all.
No! There's the land. (Have you seen it?)
It's the cussedest land that I know,
From the big, dizzy mountains that screen it
To the deep, deathlike valleys below.
Some say God was tired when He made it;
Some say it's a fine land to shun;
Maybe; but there's some as would trade it
For no land on earth -- and I'm one.
You come to get rich (damned good reason);
You feel like an exile at first;
You hate it like hell for a season,
And then you are worse than the worst.
It grips you like some kinds of sinning;
It twists you from foe to a friend;
It seems it's been since the beginning;
It seems it will be to the end.
I've stood in some mighty-mouthed hollow
That's plumb-full of hush to the brim;
I've watched the big, husky sun wallow
In crimson and gold, and grow dim,
Till the moon set the pearly peaks gleaming,
And the stars tumbled out, neck and crop;
And I've thought that I surely was dreaming,
With the peace o' the world piled on top.
The summer -- no sweeter was ever;
The sunshiny woods all athrill;
The grayling aleap in the river,
The bighorn asleep on the hill.
The strong life that never knows harness;
The wilds where the caribou call;
The freshness, the freedom, the farness --
O God! how I'm stuck on it all.
The winter! the brightness that blinds you,
The white land locked tight as a drum,
The cold fear that follows and finds you,
The silence that bludgeons you dumb.
The snows that are older than history,
The woods where the weird shadows slant;
The stillness, the moonlight, the mystery,
I've bade 'em good-by -- but I can't.
There's a land where the mountains are nameless,
And the rivers all run God knows where;
There are lives that are erring and aimless,
And deaths that just hang by a hair;
There are hardships that nobody reckons;
There are valleys unpeopled and still;
There's a land -- oh, it beckons and beckons,
And I want to go back -- and I will.
They're making my money diminish;
I'm sick of the taste of champagne.
Thank God! when I'm skinned to a finish
I'll pike to the Yukon again.
I'll fight -- and you bet it's no sham-fight;
It's hell! -- but I've been there before;
And it's better than this by a damsite --
So me for the Yukon once more.
There's gold, and it's haunting and haunting;
It's luring me on as of old;
Yet it isn't the gold that I'm wanting
So much as just finding the gold.
It's the great, big, broad land 'way up yonder,
It's the forests where silence has lease;
It's the beauty that thrills me with wonder,
It's the stillness that fills me with peace.
Yukon Prospectors:
http://www.emr.gov.yk.ca/mlv_jump.html
www.ivarkreuger.com/metalcharts.htm
www.emr.gov.yk.ca/1638.html#United_Keno_Hill_Mines
http://www.explorenorth.com/
http://www.explorenorth.com/library/linksoftheweek/bestofweek.html
http://www.emr.gov.yk.ca/
BC & Yukon Chamber of Mines -
British Columbia -
http://www.bc-mining-house.com/
The BC & Yukon Chamber of Mines supports and promotes the mineral exploration community and related services.
Roundup is the World's LARGEST technical mineral exploration conference -
http://www.amebc.ca/
FORTYMILE / MICKEY PLACER GOLD PROSPECT - and other - for option, joint venture or sale -
Contact: Grant Allen, Box 31486, Whitehorse, Y.T., Y1A 6K8,
Ph. 867-668-3367 - email: gallan@northwestel.net
World Resource Investment Conference -
June 7 - 8, 2008
Vancouver Convention and Exhibition Centre
http://www.cambridgehouse.ca/index.html
http://www.cambridgehouse.ca/ch_register.html
http://www.wildernessinquiry.org
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