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Minto Metals Announces 2022 Third Quarter Results, Revenue Increased by 17% Over Same Quarter in Previous Year
https://www.newswire.ca/news-releases/minto-metals-announces-2022-third-quarter-results-revenue-increased-by-17-over-same-quarter-in-previous-year-870288419.html
Minto Metals Corp. Nov 17, 2022, 06:30 ET
Strategic Metals Expands Its Lance Property in the Tombstone Gold Belt, Yukon
https://www.accesswire.com/726122/Strategic-Metals-Ltd-Expands-Its-Lance-Property-in-the-Tombstone-Gold-Belt-Yukon
Wednesday, November 16, 2022 8:30 AM
VANCOUVER, BC / ACCESSWIRE / November 16, 2022 / Strategic Metals Ltd. (Strategic" or the "Company") is pleased to announce that it has staked claims to significantly expanded its Lance property in central Yukon. The new claims nearly double the size of the property to 105.8 square kilometres.
The Lance property lies approximately mid-way between Snowline Gold Corp.'s exciting drill discovery at the Rogue Project and the prolific Keno Hill District, which contains silver mines that were recently purchased by Hecla Mining, the Eagle Gold Mine owned by Victoria Gold Corp. and the rapidly expanding AurMac deposit being explored by Banyan Gold Corp.
The Tombstone Gold Belt is becoming increasingly well-known for its intrusion-related deposits. It runs through central Yukon and extends into eastern Alaska, after being offset by post-mineralization movement on the Tintina Fault, as shown on Figure 1. Strategic has a very significant presence in Yukon portion of the belt with 15 wholly owned properties and NSR royalty holdings in another 7 properties. Lance and Mt Hinton, which adjoins Hecla's claims in the Keno Hill District, are two of its key holdings in the belt.
The Lance property has only been lightly explored but is known to host a number of geological, geophysical and geochemical features that closely resemble those at the Rogue Project. These features include evidence of high-level intrusions, magnetic lows and soil geochemical anomalies for gold, arsenic, bismuth, tellurium and tungsten. Most of the property lies below 1400 m elevation so glacial transported soils are common and bedrock exposures are limited. Despite glacial dispersion, reconnaissance-scale soil geochemical results include several very strong gold values ranging between 100 and 8,300 ppb, as shown on Figure 2.
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 for the purpose of National Instrument 43-101.
About Strategic Metals Ltd.
Strategic is a project generator with 13 royalty interests, 7 projects under option to others, and a portfolio of more than 100 wholly owned projects that are the product of over 50 years of focussed exploration and research by a team with a track record of major discoveries. Projects available for option, joint venture or sale include drill-confirmed prospects and drill-ready targets with high-grade surface showings and/or geochemical anomalies and geophysical features that resemble those at nearby deposits.
Strategic has a current cash position of approximately $5 million and large shareholdings in several active mineral exploration companies including 32.8% of Broden Mining Ltd., 34.5% of GGL Resources Corp., 31.6% of Rockhaven Resources Ltd., 19.6% of Honey Badger Silver Inc., 15.7% of Precipitate Gold Corp. and 17.2% of Silver Range Resources Ltd. All these companies are well funded and are engaged in promising exploration projects. Strategic also owns 15 million shares and 5 million warrants of Terra CO2 Technologies Holdings Inc., a private Delaware corporation which recently completed another large financing to advance its environmentally friendly, cost-effective alternative to Portland cement.
ON BEHALF OF THE BOARD
"W. Douglas Eaton"
President and Chief Executive Officer
For further information concerning Strategic or its various exploration projects please visit our website at www.strategicmetalsltd.com or contact:
Corporate Information
Strategic Metals Ltd.
W. Douglas Eaton
President and C.E.O.
Tel: (604) 688-2568
Investor Inquiries
Richard Drechsler
V.P. Communications
Tel: (604) 687-2522
NA Toll-Free: (888) 688-2522
rdrechsler@strategicmetalsltd.com http://www.strategicmetalsltd.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 may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.
SOURCE: Strategic Metals Ltd.
Snowline Gold Intersects 2.5 Grams Per Tonne Gold Over 128.2 m From Surface Within 285.2 m of 1.4 Grams Per Tonne Gold at its Valley Zone, Rogue Project, Yukon
https://www.accesswire.com/725843/Snowline-Gold-Intersects-25-Grams-Per-Tonne-Gold-Over-1282-m-From-Surface-Within-2852-m-of-14-Grams-Per-Tonne-Gold-at-its-Valley-Zone-Rogue-Project-Yukon
Tuesday, November 15, 2022 7:00 AM
Victoria Gold: 2022 Third Quarter Results
https://ca.finance.yahoo.com/news/victoria-gold-2022-third-quarter-122200846.html
Victoria Gold Corp
Mon, November 7, 2022 at 4:22 a.m.·15 min read
TORONTO, Nov. 07, 2022 (GLOBE NEWSWIRE) -- Victoria Gold Corp. (TSX-VGCX)
Fireweed Discovers More Zinc Mineralization at Macmillan Pass, and Completes 7,000 M Drill Program
https://fireweedmetals.com/news/fireweed-discovers-more-zinc-mineralization-at-macmillan-pass-and-completes-7000-m-drill-program/
Fireweed Metals Corp.
Thu, November 10, 2022 at 5:30 a.m
Vancouver, British Columbia: FIREWEED METALS CORP. (“Fireweed” or the “Company”) (TSXV: FWZ; OTCQB: FWEDF,
Whitehorse Gold Announces Skukum Gold Project Mineral Resource Estimate Update
https://www.newsfilecorp.com/release/142696
Vancouver, British Columbia--(Newsfile Corp. - November 2, 2022) - Whitehorse Gold Corp. (TSXV: WHG) (OTCQX: WHGDF)
WESTERN COPPER AND GOLD PROVIDES UPDATE ON CASINO ASSESSMENT PROCESS
https://www.newswire.ca/news-releases/western-copper-and-gold-provides-update-on-casino-assessment-process-890335412.html
Western Copper and Gold Corporation Oct 31, 2022, 06:02 ET
VANCOUVER, BC, Oct. 31, 2022 /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 been informed by the Executive Committee of the Yukon Environmental and Socio-Economic Assessment Board ("YESAB") that it is necessary to revise the Environmental and Socio-Economic Statement Guidelines (the "Guidelines"), which were issued June 20, 2016 following the Casino Copper-Gold Project's (the "Project") referral to a Panel of the Board (the "Panel Review").
The need to revise the Guidelines is the result of discussions between the Company and YESAB on how to address changes in assessment methods, environmental best practices, and enhancements to the Project that have occurred since the issuance of the original Guidelines in 2016. The revision process will commence immediately and is not expected to have a material impact on overall permitting timelines.
The Guidelines are an important component of the Panel Review process and outline the structure and scope of the Environmental and Socio-Economic Statement Casino will submit to describe the potential effects of the Project, showing stakeholders how the Project can be developed in a socially and environmentally responsible way.
Revising the Guidelines ensures that the Panel Review process reflects leading industry best practices. The revision process includes a public comment period that provides Casino with an opportunity to engage the broader public in addition to Federal, Territorial and First Nation governments.
"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 and this review will achieve that without material impact to overall timelines." stated Paul West-Sells, President and Chief Executive Officer. "We remain confident that the Casino Project is a great asset for 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
NICKEL CREEK PLATINUM PROVIDES UPDATE ON EXPLORATION PROGRAM
https://www.newswire.ca/news-releases/nickel-creek-platinum-provides-update-on-exploration-program-809048438.html
Nickel Creek Platinum Corp. Nov 03, 2022, 07:00 ET
TORONTO, Nov. 3, 2022 /CNW/ - Nickel Creek Platinum Corp. (TSX: NCP) ("Nickel Creek" or the "Company") is pleased to announce the completion of its 2022 drilling and geophysics program at its Nickel Shäw Project in Canada's Yukon Territory with a total drilling of approximately 3,300 metres. The program included eight (8) holes with a total of approximately 2,000 metres of Prefeasibility Study ("PFS") drilling at the Wellgreen deposit which included drilling to support conversion of inferred mineral resources to indicated mineral resources and the collection of additional geotechnical and hydrogeological data including the characterization of the proposed waste dump and tailings sites. Further, the Company drilled 10 holes with a total of approximately 1,300 metres at the Arch exploration target with the objective to further define the extent of the mineralization discovered in 2021.
Samples have been delivered to the assay laboratory. The results, including analytical results of the full field drill program, are expected to be completed and released during the first quarter of 2023.
Scientific and Technical Information
The scientific and technical information disclosed in this news release was reviewed and approved by Cam Bell, an independent geologist on a consulting retainer contract with the Company, and a "Qualified Person" as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
About Nickel Creek Platinum Corp.
Nickel Creek Platinum Corp. (TSX: NCP) (OTCQB: NCPCF) is a Canadian mining exploration and development company and its flagship asset is its 100%-owned Nickel Shäw Project. The Nickel Shäw Project is a large undeveloped nickel sulphide project with a unique mix of metals including copper, cobalt and platinum group metals, located in the Yukon, Canada, one of the most favourable jurisdictions in the world. The Nickel Shäw Project has exceptional access to infrastructure, located three hours west of Whitehorse via the paved Alaska Highway, which further offers year-round access to deep-sea shipping ports in southern Alaska. The Company is also investigating other opportunities for shareholder value creation.
The Company is led by a management team with a proven track record of successful discovery, development, financing and operation of large-scale projects. Our vision is to create value for our shareholders by becoming a leading North American nickel, copper, cobalt and PGM producer.
Cautionary Note Regarding Forward-Looking Information
This news release includes certain information that may be deemed "forward-looking information". Forward-looking information can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "believe", "continue", "plans" or similar terminology, or negative connotations thereof. All information in this release, other than information of historical facts, including, without limitation, statements with respect to the Company's 2022 drilling and geophysics program, the timing of results, and general future plans and objectives for the Company and the Nickel Shäw Project, are forward-looking information that involve various risks and uncertainties. Although the Company believes that the expectations expressed in such forward-looking information are based on reasonable assumptions, such expectations are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking information.
For more information on the Company and the key assumptions, risks and challenges with respect to the forward-looking information discussed herein, and about our business in general, investors should review the Company's most recently filed annual information form, and other continuous disclosure filings which are available at www.sedar.com. Readers are cautioned not to place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
SOURCE Nickel Creek Platinum Corp.
For further information: Nickel Creek Platinum Contact: Stuart Harshaw, President & Chief Executive Officer, 1-416-304-9318, sharshaw@nickelcp.com
ATAC Intersects 33.20 m of 2.63 g/t Gold at the Nadaleen Project, Yukon
https://www.newswire.ca/news-releases/atac-intersects-33-20-m-of-2-63-g-t-gold-at-the-nadaleen-project-yukon-830829792.html
ATAC Resources Ltd. Nov 01, 2022, 08:00 ET
VANCOUVER, BC, Nov. 1, 2022 /CNW/ - ATAC Resources Ltd. ("ATAC") (TSX-V:ATC, OTCQB:ATADF)
Fireweed Announces Positive Metallurgy from Boundary Zone, Macmillan Pass
https://ca.finance.yahoo.com/news/fireweed-announces-positive-metallurgy-boundary-093000609.html
Fireweed Metals Corp.
Tue, November 1, 2022 at 2:30 a.m
Snowline Completes Acquisition of Nearby Project Portfolio
https://www.accesswire.com/721535/Snowline-Completes-Acquisition-of-Nearby-Project-Portfolio
Friday, October 21, 2022 7:00 AM
VANCOUVER, BC / ACCESSWIRE / October 21, 2022 / SNOWLINE GOLD CORP. (CSE:SGD) (OTCQB:SNWGF) (the "Company" or "Snowline") is pleased to announce it has completed the previously announced acquisition of a large portfolio of Yukon Territory exploration assets from StrikePoint Gold Inc. (TSXV:SKP), an arm's length party, in exchange for (i) the payment of $500,000 in cash, and (ii) the issuance of 500,000 common shares (the "Consideration Shares") of the Company.
"The StrikePoint portfolio comprises ten gold properties in the Yukon's Selwyn Basin, complementing our existing portfolio and exploration efforts well," said Scott Berdahl, CEO & Director of Snowline. "Most notably, the ‘Golden Oly' project covers at least seven distinct reduced intrusion-related gold targets. Each target is geologically similar to our ongoing Valley discovery on our Rogue Project. Based on that success, this is ground we would have staked if it were open. Instead, we have acquired not just the properties, but also extensive geochemical, geophysical and geological datasets which will accelerate our exploration efforts-all for roughly the cost of staking. We will apply our growing knowledge of reduced intrusion-related gold systems and of the Selwyn Basin to build on our track record of discovery."
Figure 1 - Project location map for Snowline Gold's flagship eastern Selwyn Basin properties. Golden Oly is located south of Rogue, covering a cluster of intrusion-related gold targets in the vicinity of the Yukon's North Canol Road.
The Consideration Shares are subject to a statutory hold period of four months and one day, expiring on February 21, 2023, in accordance with applicable Canadian securities laws. The Consideration Shares are also subject to a contractual hold period of six months, expiring on April 20, 2023.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a seventeen-project portfolio covering >254,000 ha. The Company is exploring its flagship >111,000 ha Einarson and Rogue gold projects in the highly prospective yet underexplored Selwyn Basin. Snowline's project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits including Kinross' Fort Knox mine, Newmont's Coffee deposit, and Victoria Gold's Eagle Mine. The Company's first-mover land position and extensive database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.
ON BEHALF OF THE BOARD
Scott Berdahl
CEO & Director
For further information, please contact:
Snowline Gold Corp.
+1 778 650 5485
info@snowlinegold.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including statements related to the similarities of the StrikePoint portfolio to the Company's ongoing Valley discovery on its Rogue Project, the acceleration of exploration efforts, the opportunity for investors to be part of multiple discoveries and the creation of a new gold district. Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Such factors include, among other things: risks related to uncertainties inherent in drill results and the estimation of mineral resources; and risks associated with executing the Company's plans and intentions. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
SOURCE: Snowline Gold Corp.
MINTO METALS REPORTS 2.20% COPPER OVER 20 METRES TO EXTEND MINTO NORTH; 3.52% COPPER OVER 7.26 METRES AT CU KEEL SOUTH DISCOVERY
https://www.newswire.ca/news-releases/minto-metals-reports-2-20-copper-over-20-metres-to-extend-minto-north-3-52-copper-over-7-26-metres-at-cu-keel-south-discovery-824904207.html
Minto Metals Corp. Oct 20, 2022, 06:30 ET
WHITEHORSE, YT, Oct. 20, 2022 /CNW/ - Minto Metals Corp. ("Minto" or the "Company") (TSXV: MNTO
Transition Mobilizes Drill to the Pike-Warden Property, Yukon, to Test High Grade Silver Showing
https://www.newsfilecorp.com/release/141087
Sudbury, Ontario--(Newsfile Corp. - October 19, 2022) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") reports that it has mobilized a RC drill to complete three holes to further evaluate the extent and vertical continuity of mineralization identified this summer at the ERT Zone (see company news release dated October 5, 2022). Hand trenching at the ERT Zone in July returned 42 metres grading 64.28 g/t Ag Eq*, including 7.80 metres grading 170.63 g/t Ag Eq with higher grade intervals of 0.70 metres grading 539.72 g/t and 0.4 m grading 563.97 g/t Ag Eq.
Company president and CEO, Scott McLean, P.Geo, commented: "This is the very first drilling to be completed on this large and prospective project. RC drilling at the ERT zone is an initial step towards evaluating the economic potential on a property with multiple attractive surface showings that we feel has the potential to host large scale epithermal Au-Ag and/or porphyry copper deposits."
The planned program includes the completion of three holes from a track mounted percussion reverse circulation (RC) drill for a total of 150-300 metres. The drilling is being undertaken by Subterra Exploration Ltd. assisted by Archer Cathro of Whitehorse. Figure 1 shows the location of the property and the ERT Zone. Figure 2 show the property outline as well as other deposits and prospects located in the Bennett Lake Caldera Complex (BLCC) area.
Photo 1: View of workers setting up RC Rig in preparation for drilling at ERT Zone on Pike Warden Property
To view an enhanced version of Photo 1, please visit:
https://images.newsfilecorp.com/files/2766/141087_f33087dfe48ab9af_002full.jpg
About the Pike-Warden Property
The Pike Warden property is located approximately 70 km southwest of Whitehorse, Yukon, and is composed of 185 contiguous mining claims totaling approximately 37 km². The property encompasses a combination of historic and recently discovered high-grade polymetallic gold, copper, and silver epithermal showings that are potentially indicative of a large epithermal-porphyry system in the vicinity of the BLCC.
The property is underlain by a series intrusions of the Coast Plutonic Complex including the Fenwick Creek diorite-quartz-diorite, the Mt. McNeil granodiorite, the Nisling leucogranite, and Mt. McAuley granite. The caldera of the BLCC immediately to the south of the property, with quartz- feldspar porphyry rings and NE-trending rhyolite dykes associated with caldera formation located on the property. Work completed by the Optionor in 2019, 2020 and 2021 has identified a number of new showings associated with the ring dykes and the NE-trending dykes and associated structures1. Mineralization tends to be concentrated near the intersection of NE and EW trending structures. High silver, gold, copper, molybdenum and lead values in quartz veins suggest an intermediate sulfidation setting. At the Silver Train showing, elevated copper and molybdenum values along with quartz-carbonate breccias, heterolithic intrusive breccias and pervasive epidote-pyrite alteration within granodiorite suggest potential for a buried porphyry system at depth.
1 Burke, R, 2021. Rock and Geochemical Sampling, Airborne Geophysics and Hand Trenching performed between August 8th - August 30th, 2021 on the Pike Warden Property; Yukon Mineral Exploration Program, YMEP 21-043
2 Hart, C.J.R. and Radloff, J.K., 1990. Geology of Whitehorse, Alligator Lake, Fenwick Creek, Carcross and part of Robinson Map Areas, Indian and Northern Affairs Canada Open File Report 1990-4
3 Simpson, R.G, 2020, Skukum Gold-Silver Project, NI43-101 Technical Report for Whitehorse Gold Corp
Qualified Person
The technical elements of this press release have been approved by Mr. Greg Collins, P.Geo. (PGO), who is a Qualified Person as defined under National Instrument 43-101. All analytical work was conducted at ALS Laboratories, an independent lab located in North Vancouver, B.C. The quality system used by ALS Laboratories meets all requirements of International Standards ISO/IEC 17025: 2005 and ISO 9001:2015.
Transition Metals Corp
Transition Metals Corp (TSXV: XTM) is a Canadian-based, multi-commodity project generator that specializes in converting new exploration ideas into discoveries. The award-winning team of geoscientists has extensive exploration experience which actively develops and tests new ideas for discovering mineralization in places that others have not looked, often allowing the company to acquire properties inexpensively. Joint venture partners earn an interest in the projects by funding a portion of higher-risk drilling and exploration, allowing Transition to conserve capital and minimize shareholder's equity dilution.
Cautionary Note on Forward-Looking Information
Except for statements of historical fact contained herein, the information in this news release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding estimated capital and operating costs, expected production timeline, benefits of updated development plans, foreign exchange assumptions and regulatory approvals. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
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.
Further information is available at www.transitionmetalscorp.com or by contacting:
Scott McLean
President and CEO
Transition Metals Corp. Tel: (705) 669-1777
Figure 1: Geology and Showing Locations on the Pike Warden Property
To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/2766/141087_f33087dfe48ab9af_003full.jpg
Figure 2: Property Outline, Deposits and Prospects Near the Bennett Lake Caldera Complex
To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/2766/141087_f33087dfe48ab9af_004full.jpg
Minto Metals Announces Copper Production for Third Quarter of 2022
https://www.newswire.ca/news-releases/minto-metals-announces-copper-production-for-third-quarter-of-2022-858735640.html
Minto Metals Corp. Oct 12, 2022, 06:30 ET
Victoria Gold: Eagle Gold Mine Operations Update and Appointment of General Manager
https://ca.finance.yahoo.com/news/victoria-gold-eagle-gold-mine-111500987.html
Victoria Gold Corp
Mon, October 17, 2022 at 4:15 a.m.·6 min read
WHITEHORSE, Yukon, Oct. 17, 2022 (GLOBE NEWSWIRE) -- Victoria Gold Corp. (TSX-VGCX) (“Victoria” or the “Company”) is pleased to announce the appointment of Timothy Fisch as Vice President and General Manager for the Eagle Gold Mine. Additionally, the repair of overland conveyor, which temporarily halted ore crushing, conveying, and stacking on the heap leach facility at the Eagle Gold Mine, has been completed, and operations have resumed.
Mr. Fisch, a metallurgist, has been a member of the mining community for the past 44 years, beginning with Bethlehem Copper Corporation in 1978. He has held senior positions with Corona Corporation’s Mascot Gold Mine, BHP Nevada’s Robinson project and Unimin Canada’s Blue Mountain project. Mr. Fisch previously held the title of General Manager for Imperial Metals Corporation’s Mount Polley Mine and Red Chris Mine and most recently was a member of the project design team for Coeur Mining’s Silvertip Expansion project.
As noted previously (see News Release dated October 4, 2022), the 1.5 kilometer overland conveyor linking the crushing plant to the heap leach facility experienced a splice failure of the conveyor belt on September 29. During belt replacement, mining, leaching, and ADR plant activities continued while crushing, conveying, and stacking operations were suspended. The replacement of the overland conveyor belt has now been completed and the conveyor is currently operating.
"I am extremely pleased to announce Tim’s appointment as VP & General Manager for the Eagle Gold Mine; and a key member of Victoria’s leadership team.” commented John McConnell, President and CEO of Victoria. “Tim’s extensive background in process operations and his wealth of experience operating in the Pacific Northwest make him ideally suited to lead the operational team at Eagle.”
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 Company issued a National Instrument 43-101 Technical Report for the Eagle Gold Mine dated December 3, 2019 (the “2019 Eagle Technical Report”). Since the date of the 2019 Eagle Technical Report, the Company has produced gold from its Eagle Mine. Based on the 2019 Eagle Technical Report and after adjusting for depletion through December 31, 2021, the Eagle and Olive deposits include Proven and Probable Reserves of 2.7 million ounces of gold from 133 million tonnes of ore with a grade of 0.64 grams of gold per tonne. Based on the 2019 Eagle Technical Report and after adjusting for depletion through December 31, 2021, the Mineral Resource for the Eagle and Olive deposits has been estimated to host 207 million tonnes averaging 0.63 grams of gold per tonne, containing 4.2 million ounces of gold in the "Measured and Indicated" category, inclusive of Proven and Probable Reserves, and a further 28 million tonnes averaging 0.61 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 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
Snowline Gold Intersects 318.8 Metres Of 2.5 Grams Per Tonne Gold Including 108.0 Metres Of 4.1 Grams Per Tonne Gold from Surface at Its Valley Zone, Rogue Project, Yukon
https://www.accesswire.com/720033/Snowline-Gold-Intersects-3188-Metres-Of-25-Grams-Per-Tonne-Gold-Including-1080-Metres-Of-41-Grams-Per-Tonne-Gold-from-Surface-at-Its-Valley-Zone-Rogue-Project-Yukon
Wednesday, October 12, 2022 7:00 AM
Hole V-22-010 returned 2.55 g/t Au over 318.8 m, including 4.14 g/t Au over 108.0 m from bedrock surface
Hole demonstrates continuity of multi-gram mineralization seen in V-22-007 and expands width of high-grade central corridor at Valley
Assays still pending for 28.3 of 32 holes (13,182 m of 14,495 m) drilled at Valley and Gracie in 2022
Monthly environmental baseline monitoring commenced at Valley.
VANCOUVER, BC / ACCESSWIRE / October 12, 2022 / SNOWLINE GOLD CORP. (CSE:SGD)(OTCQB:SNWGF)
Victoria Gold: Eagle Gold Mine Q3 2022 Production and Guidance Update
https://ca.finance.yahoo.com/news/victoria-gold-eagle-gold-mine-220000780.html
Victoria Gold Corp
Tue, October 4, 2022 at 3:00 p.m.·8 min read
WHITEHORSE, Yukon, Oct. 04, 2022 (GLOBE NEWSWIRE) -- Victoria Gold Corp. (TSX-VGCX)
Transition Metals' Sampling Returns 1,215 g/t Silver and Confirms Multiple Zones of High-Grade Silver and Gold Mineralization at The Pike-Warden Property, Yukon and Issues Stock Options
104 rock samples (grabs and length weighted chip samples) were collected as part of an initial sampling program in late July
Multiple areas of scree and outcropping mineralization sampled, returning values up to 11.8 g/t Au, 1,215 g/t Ag, 5.11% Cu, and >20% Pb
Chip sampling at ERT Zone returns a length weighted average of 42 metres grading 64.28 g/t Ag Eq*, including 7.80 metres grading 170.63 g/t Ag Eq with higher grade intervals of 0.70 metres grading 539.72 g/t and 0.4 m grading 563.97 g/t Ag Eq.
Geological setting on the margin of a collapsed caldera is capable of hosting significant epithermal Au-Ag and/or porphyry Cu deposits
https://www.newsfilecorp.com/release/139455
Sudbury, Ontario--(Newsfile Corp. - October 5, 2022) - Transition Metals Corp (TSXV: XTM)
CANTEX EXTENDS MAIN ZONE TO DRILL CONFIRMED 2,300 METRES ON ITS 100% OWNED NORTH RACKLA PROJECT, YUKON
https://www.newswire.ca/news-releases/cantex-extends-main-zone-to-drill-confirmed-2-300-metres-on-its-100-owned-north-rackla-project-yukon-889756657.html
Cantex Mine Development Corp. Sep 26, 2022, 09:00 ET
KELOWNA, BC, Sept. 26, 2022 /CNW/ - Cantex Mine Development Corp. ( TSXV: CD) (OTCQB: CTXDF)
Orogen Royalties Options the Astro Gold Project to Rackla Metals
https://www.accesswire.com/716402/Orogen-Royalties-Options-the-Astro-Gold-Project-to-Rackla-Metals
Tuesday, September 20, 2022 7:30 AM
VANCOUVER, BC / ACCESSWIRE / September 20, 2022 / (TSX.V:OGN)(OTCQX:OGNRF) Orogen Royalties Inc. ("Orogen" or the "Company") is pleased to announce that it has signed an option agreement (the "Agreement") with Rackla Metals Inc. (TSX.V:RAK) ("Rackla") for the Astro gold project in Northwest Territories, Canada.
Under the terms of the Agreement, Rackla can earn a 100% interest in Astro by issuing 120,000 common shares of Rackla, incurring $250,000 in exploration expenditures, and making cash payments or issuing common shares totaling $382,000 within twelve-months from Agreement date. Once Rackla has exercised its option to acquire the Astro project, Orogen will retain a 2.5% net smelter return ("NSR") royalty.
Orogen CEO Paddy Nicol commented, "The Astro project is an exciting early-stage gold property located in the Northwest Territories along the Yukon border. The project was generated from a two-year US$1.8 million regional alliance with Newmont Mining Corporation that identified gold mineralization in a ten-kilometre-long structural corridor. We are pleased to have Rackla continue exploration on this property."
Orogen recognizes that the Astro project is located within the territories of the Sahtu Dene and Metis Comprehensive Land Claim and look forward to a continuation of the current positive working relationship under Rackla.
Figure 1: Location of the Astro Project
About the Astro property
The Astro Project is a 288 square-kilometre exploration property located in the Northwest Territories along the Yukon border close to the Canol Road. The property contains outcropping gold mineralization in a ten-kilometre-long structural corridor. Gold mineralization is developed within and flanking the hornfelsed aureole of the Border granodiorite pluton. Identified gold mineralization consists of gold-arsenic-antimony bearing quartz veins, gold- bismuth skarn and gold associated with disseminated sulphides in siltstone. Known gold showings exhibit structural control along a series of northwest-striking faults down dropping hornfels and sedimentary rocks on the east side of the Border pluton.
Surface sampling of gossanous showings at the Radio, Ultraviolet and Microwave prospects (Figure 1) returned chip-channel results including 17.7 grams per tonne ("g/t") gold over 30.0 metres, 6.1g/t gold over 4.0 metres, and 3.6g/t gold over 18.0 metres. Two additional prospects on the property (Infrared and Gamma) are defined by gold-in-soil anomalies along the range front prospect. Results from the RC scout drilling include 3 metres grading 3.1g/t gold in RAD 19-01, 7.6 metres grading 0.7g/t gold in RAD19-04, and 6 metres grading 1.1 g/t gold in GAM19-01.
Figure 2 - Geology map showing drill collar locations
Transaction Details
Rackla can acquire a 100% interest in the Astro project from Orogen subject to regulatory acceptance of the TSX Venture Exchange (the "Approval Date") and the following obligations:
Issue 120,000 common shares of Rackla within three days following the Approval Date;
Incur $250,000 in exploration expenditures within twelve-months from the Approval Date; and
Within twelve-months from Approval Date, make a final payment totaling $382,000 through a combination of a cash payment and/or issuance of common shares at Rackla's discretion, however, the cash payment may not exceed $191,000.
Once Rackla has exercised its option to acquire the Astro project, Orogen will retain a 2.5% NSR royalty.
Qualified Person Statement
All technical data, as disclosed in this press release, has been verified by Laurence Pryer, Ph.D., P.Geo. VP Exploration for the Company. Dr. Pryer is a qualified person as defined under the terms of National Instrument 43-101.
About Orogen Royalties Inc.
Orogen Royalties Inc. is focused on organic royalty creation and royalty acquisitions on precious and base metal discoveries in western North America. The Company's royalty portfolio includes the Ermitaño gold and silver mine in Sonora, Mexico (2% NSR royalty) being mined by First Majestic Silver Corp. and the Silicon gold project (1% NSR royalty) in Nevada, USA, being advanced by AngloGold Ashanti NA. The Company is well financed with several projects actively being explored under joint ventures.
On Behalf of the Board
OROGEN ROYALTIES INC.
Paddy Nicol
President & CEO
To find out more about Orogen, please contact Paddy Nicol, President & CEO at 604-248-8648, and Marco LoCascio, Vice President, Corporate Development at 604-248-8648. Visit our website at www.orogenroyalties.com.
Orogen Royalties Inc.
1015 - 789 West Pender Street
Vancouver, BC
Canada V6C 1H2
info@orogenroyalties.com
Forward Looking Information
This news release includes certain statements that may be deemed "forward looking statements". All statements in this presentation, other than statements of historical facts, that address events or developments that Orogen Royalties Inc. (the "Company") expect to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur.
Forward looking information relates to statements concerning the Company's future outlook and anticipated events or results, as well as the Company's management expectations with respect to the proposed business combination (the "Transaction"). This document also contains forward-looking statements regarding the anticipated completion of the Transaction and timing thereof. Forward-looking statements in this document are based on certain key expectations and assumptions made by the Company, including expectations and assumptions concerning the receipt, in a timely manner, of regulatory and stock exchange approvals in respect of the Transaction.
Although the Company believe the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Furthermore, the extent to which COVID-19 may impact the Company's business will depend on future developments such as the geographic spread of the disease, the duration of the outbreak, travel restrictions, physical distancing, business closures or business disruptions, and the effectiveness of actions taken in Canada and other countries to contain and treat the disease. Although it is not possible to reliably estimate the length or severity of these developments and their financial impact as of the date of approval of these condensed interim consolidated financial statements, continuation of the prevailing conditions could have a significant adverse impact on the Company's financial position and results of operations for future periods.
Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
SOURCE: Orogen Royalties Inc.
HighGold Consolidates Ownership of Yukon Gold Properties in Emerging Reduced Intrusive Related Gold District, Selwyn Basin
https://ca.finance.yahoo.com/news/highgold-consolidates-ownership-yukon-gold-103000749.html
Tue, September 13, 2022 at 3:30 a.m.·5 min read
VANCOUVER, British Columbia, September 13, 2022--(BUSINESS WIRE)--HighGold Mining Inc. (TSX-V: HIGH, OTCQX: HGGOF) ("HighGold" or the "Company") is pleased to announce the Company has executed an agreement to purchase the remaining 50% interest in its Yukon mineral properties, bringing HighGold’s ownership to 100%. The acquisition includes four (4) separate properties (the "Properties) totaling 1023 claims and 21,000ha (210 km2). The most advanced of the properties is King Tut, located 10 km south of Snowline Gold’s Selwyn Basin land package and 50km from their recent ‘Reduced Intrusive Related Gold’ discovery. At the King Tut property, past exploration work outlined multi-kilometer long gold-in-soil anomalies (Figure 1) including an open-ended one-kilometer by one-kilometer gold anomaly associated with the upper carapace of an intrusive body with no prior drilling.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220913005570/en/
Figure 1 – Location of HighGold’s Selwyn Basin Gold Properties, Yukon, Canada (Graphic: Business Wire)
"Following the recent and very significant new gold discoveries in Yukon’s Selwyn Basin, it was time to pull our portfolio of Yukon gold properties off the back burner," commented CEO Darwin Green. "In our opinion, the King Tut property represents one of the best undrilled intrusive-related gold-in-soil anomalies not already controlled by Snowline Gold in this emerging new district. Consolidation of ownership was the first step for us as we look to create shareholder value for these Yukon assets."
Please CLICK HERE to hear additional commentary by CEO Darwin Green.
Background on the Yukon Properties
The Properties were first staked between 2010 and 2011 as part of a major gold-focused grassroots exploration program in Yukon’s Selwyn Basin carried out under a 50:50 Joint Venture between Constantine Metal Resources ("Constantine") and Carlin Gold Corporation ("Carlin"). The original staking focused on areas with regional geochemical stream silt anomalies with elevated gold and pathfinder element anomalies with subsequent work including the collection of over 12,000 soil, stream sediment and rock samples across the greater land package.
HighGold acquired its initial 50% interest in the Properties during the Company’s formation through the Plan of Arrangement ‘spin-out’ from Constantine in 2019. Over the last three years, portions of the large property package were optioned off to Fireweed Zinc and Snowline Gold Corp. with HighGold receiving certain NSR royalty rights and shares of each company. The purchase agreement announced today provides HighGold with 100% ownership of the remaining properties held under the original joint venture, highlighted by the King Tut property that is host to the biggest and best soil anomaly of the portfolio. The four properties included in the purchase agreement, King Tut, Canol, Stan and RGS are all located within reasonable proximity to the North Canol road.
Agreement Terms
HighGold, through its wholly-owned subsidiary, entered into an agreement of purchase and sale (the "Agreement") with Carlin Gold Corp. (the "Vendor") to acquire the Properties. In consideration of the acquisition and subject to TSX Venture Exchange (the "TSXV") acceptance, the Company has agreed to make a cash payment of C$75,000 to the Vendor and to issue 200,000 common shares (the "Consideration Shares"). Pursuant to the Agreement, the Acquired Property is subject to a 0.5% net smelter returns royalty in favour of the Vendor, which may be bought back by the Company.
In addition to the agreement with Carlin, HighGold has also entered into an agreement of purchase and sale with Strategic Metals Inc. ("Strategic") for the purchase of Harlow property that ties-on to the King Tut property. In consideration of the acquisition and subject to TSXV acceptance, the Company has agreed to make a cash payment of C$20,000 to the Strategic, issue 20,000 common shares, and granted a 2.5% net smelter returns royalty on the Harlow property, of which 0.5% may be bought back by the Company for $750,000.
About HighGold
HighGold is a well-funded mineral exploration company focused on high-grade gold projects located in North America. HighGold’s flagship asset is the high-grade Johnson Tract Gold (Zn-Cu) Project located in Southcentral Alaska, USA. The Company also controls a portfolio of quality gold projects in the greater Timmins gold camp, Ontario, Canada that includes the Munro-Croesus Gold property, which is renowned for its high-grade mineralization, and the large Golden Mile and Timmins South properties. HighGold’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.
Qualified Person and Quality Assurance
Ian Cunningham-Dunlop, P.Eng., Senior VP Exploration for HighGold Mining Inc. and a qualified person ("QP") as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this release.
On Behalf of HighGold Mining Inc.
"Darwin Green"
President & CEO
For further information, please visit the HighGold Mining Inc. website at www.highgoldmining.com.
Readers are cautioned that the Company has no interest in or right to acquire any interest in adjacent properties and they are not indicative of mineral deposits on the Company’s properties or any potential exploration thereof.
Readers are cautioned that the Company has no interest in or right to acquire any interest in any of the neighboring mines or deposits, and that mineral deposits, and the results of any mining thereof, on adjacent or similar properties are not indicative of mineral deposits on the Company's properties or any potential exploitation thereof.
Neither 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 release.
Forward looking statements: 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 potential of the King Tut and other Yukon gold properties 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220913005570/en/
Contacts
Darwin Green, President & CEO or Naomi Nemeth, VP Investor Relations
Phone: 1-604-629-1165 or North American toll-free 1-855-629-1165
Email: information@highgoldmining.com.
Website: www.highgoldmining.com
Twitter: @HighgoldMining
Hecla Completes Acquisition of Alexco Resource
https://finance.yahoo.com/news/hecla-completes-acquisition-alexco-corp-212200921.html
September 7, 2022·7 min read
COEUR D'ALENE, Idaho, September 07, 2022--(BUSINESS WIRE)--Hecla Mining Company (NYSE:HL) (Hecla) and Alexco Resource Corp. (NYSE American:AXU; TSX:AXU) (Alexco) announced today completion of the Alexco acquisition.
"With the world’s increasing demand for silver for clean energy, Hecla is helping meet that demand as the world’s fastest growing established silver miner," said Phillips S. Baker, Jr., Hecla’s President & CEO. "Since 2010, Hecla has increased silver production by more than 25%. With the additional production from Alexco’s Keno Hill, and the continued production growth from Greens Creek and Lucky Friday, we expect Hecla to produce 17-20 million ounces per year in the next few years, which is 30 to 55% more than 2021. Hecla’s silver production is in the United States where it already produces 40% of all the silver mined and, with Keno Hill, Hecla is on the path of being Canada’s largest silver producer as well."
"The Keno Hill property is in a premier mining jurisdiction where the First Nation of the Na-Cho Nyak Dun and Yukon governments are supportive of mining. Like our other operations where we have had decades of mining and have become an integral part of the communities, we look forward to doing the same in the Yukon," Baker added.
Baker said, "Keno Hill currently has an almost decade-long high-grade reserve life, which we expect to extend as we drill on identified resources. With the fully operational mill and development that is in place we don’t anticipate a large capital program to bring the mine into production. Over the coming months Hecla plans to invest in development, infrastructure, and equipment so there are adequate mining faces and good working conditions to bring Keno Hill to full and consistent production by the end of 2023."
As part of the acquisition, Hecla issued 17,992,875 million shares of its common stock to Alexco shareholders for a total consideration of approximately $69 million based on a share exchange ratio of 0.116 of a Hecla share for each Alexco common share. Concurrent with the acquisition, the silver streaming interest at Alexco’s Keno Hill property held by Wheaton Precious Metals Corp was terminated in exchange for US$135 million of Hecla common stock, in the form of 34,800,989 million shares of Hecla common stock based on the 5-day VWAP of $3.88 per share. As part of the transaction, Hecla provided Alexco with a US$30 million secured loan facility, of which US$25 million was drawn when the transaction closed.
ABOUT HECLA
Founded in 1891, Hecla Mining Company (NYSE:HL) is the largest silver producer in the United States. In addition to operating mines in Alaska, Idaho and Quebec, Canada, the Company owns a number of exploration properties and pre-development projects in world-class silver and gold mining districts throughout North America.
Cautionary Statements to Investors on Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws, including Canadian securities laws. When a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, such statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by the forward-looking statements. Forward-looking statements often address our expected future business and financial performance and financial condition and often contain words such as "anticipate," "intend," "plan," "will," "could," "would," "estimate," "should," "expect," "believe," "project," "target," "indicative," "preliminary," "potential" and similar expressions. Forward-looking statements in this news release may include, without limitation: (i) Hecla could be the largest silver producer in the U.S. and Canada; (ii) the Keno Hill mine will resume production in the future; (iii) Hecla may produce 17-20 million ounces per year in the next few years; (iv) Keno Hill’s mine life may be extended; (v) Hecla does not anticipate a large capital program to bring Keno Hill into production and (vi) Hecla expects to invest in development, infrastructure, and equipment at Keno Hill to obtain adequate mining faces and good working conditions to make Keno Hill a consistent producer by the end of 2023. The material factors or assumptions used to develop such forward-looking statements or forward-looking information include that Hecla’s plans for development and production will proceed as expected and will not require revision as a result of risks or uncertainties, whether known, unknown or unanticipated, to which Hecla’s operations are subject.
Estimates or expectations of future events or results are based upon certain assumptions, which may prove to be incorrect, which could cause actual results to differ from forward-looking statements. Such assumptions, include, but are not limited to: (i) there being no significant change to current geotechnical, metallurgical, hydrological and other physical conditions; (ii) permitting, development, operations and expansion of Hecla’s projects being consistent with current expectations and mine plans; (iii) political/regulatory developments in any jurisdiction in which Hecla operates being consistent with its current expectations; (iv) the exchange rate for the USD/CAD being approximately consistent with current levels; (v) certain price assumptions for gold, silver, lead and zinc; (vi) prices for key supplies being approximately consistent with current levels; (vii) the accuracy of our current mineral reserve and mineral resource estimates; (viii) Hecla’s plans for development and production will proceed as expected and will not require revision as a result of risks or uncertainties, whether known, unknown or unanticipated; (ix) counterparties performing their obligations under hedging instruments and put option contracts; (x) sufficient workforce is available and trained to perform assigned tasks; (xi) weather patterns and rain/snowfall within normal seasonal ranges so as not to impact operations; (xii) relations with interested parties, including Native Americans, remain productive; (xiii) economic terms can be reached with third-party mill operators who have capacity to process our ore; (xiv) maintaining availability of water rights; (xv) factors do not arise that reduce available cash balances; and (xvi) there being no material increases in our current requirements to post or maintain reclamation and performance bonds or collateral related thereto.
In addition, material risks that could cause actual results to differ from forward-looking statements include, but are not limited to: (i) gold, silver and other metals price volatility; (ii) operating risks; (iii) currency fluctuations; (iv) increased production costs and variances in ore grade or recovery rates from those assumed in mining plans; (v) community relations; (vi) conflict resolution and outcome of projects or oppositions; (vii) litigation, political, regulatory, labor and environmental risks; (viii) exploration risks and results, including that mineral resources are not mineral reserves, they do not have demonstrated economic viability and there is no certainty that they can be upgraded to mineral reserves through continued exploration; (ix) the failure of counterparties to perform their obligations under hedging instruments; (x) we take a material impairment charge on our Nevada operations; (xi) we are unable to remain in compliance with all terms of the credit agreement in order to maintain continued access to the revolver, and (xii) we are unable to refinance the maturing senior notes. For a more detailed discussion of such risks and other factors, see Hecla’s 2021 Form 10-K, filed on February 23, 2022, with the Securities and Exchange Commission (SEC), as well as Hecla’s other SEC filings, including its Quarterly Report on Form 10-Q filed with the SEC on August 5, 2022. Hecla does not undertake any obligation to release publicly revisions to any "forward-looking statement," including, without limitation, outlook, to reflect events or circumstances after the date of this news release or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued "forward-looking statement" constitutes a reaffirmation of that statement. Continued reliance on "forward-looking statements" is at investors’ own risk.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220907006268/en/
Contacts
Anvita M. Patil
Vice President - Investor Relations and Treasurer
Cheryl Turner
Communications Coordinator
800-HECLA91 (800-432-5291)
Investor Relations
Email: hmc-info@hecla-mining.com
Website: www.hecla-mining.com
Almadex Reports Successful Site Visit and Sampling Program and Discusses Historic Drilling Results from the Logan Zn/Ag Project in Yukon Territory
https://ca.finance.yahoo.com/news/almadex-reports-successful-visit-sampling-113000887.html
Almadex Minerals Ltd.
Tue, September 13, 2022 at 4:30 a.m
Alianza Minerals: Trenching and Mapping Program underway at Haldane Silver Project, Keno Hill District,
https://alianzaminerals.com/trenching-and-mapping-program-underway-at-haldane-silver-project-keno-hill-district-yukon/
Yukon Sep 13, 2022 | 2022 News
Alianza Minerals Ltd. (“Alianza”) (TSX-V: ANZ, OTCQB: TARSF) is pleased to announce that crews have commenced exploration work at the 100% owned Haldane Silver Project in the historic Keno Hill District in Yukon Territory. This first phase program will consist of mapping, prospecting and trenching of targets in preparation for drill testing. The 8,579 hectare Haldane project is located in the western portion of the Keno Hill silver district, 25 kilometres west of Keno City, Yukon. Exploration at Haldane is investigating the extensions of historical high-grade silver production on the property as well as recently defined targets, such as the West Fault where Alianza is outlining high-grade silver mineralization which recently returned 3.14 m (true width) averaging 1,351 g/t silver, 2.43% lead and 2.91% zinc in drilling.
“Our recent success with the discoveries of new silver-bearing vein mineralization at new targets such as Bighorn and West Fault compels us to examine other high-priority targets to prepare them for drilling,” stated Rob Duncan, M.Sc., Vice President, Exploration for Alianza. “This same approach led to the discovery of silver-bearing vein mineralization at Bighorn in 2019 in our first drill hole testing a soil geochemical anomaly, yielding four new mineralized veins. We believe there are more Bighorns to be found.”
The current program will investigate four areas with potential for traditional “Keno-style” carbonate-silver-bearing sulphide vein mineralization in the Basal Quartzite member of the Keno Hill Quartzite formation, as seen at the Middlecoff and West Fault zones at Haldane and similar to that which comprises ore at the nearby Keno Hill mine and surrounding deposits recently purchased by Hecla Mining. Targets may also be prospective for gold mineralization in the Sourdough member of the Keno Hill Quartzite formation, which sits stratigraphically above the Basal Quartzite member. Other explorers in the district such as Banyan Gold have recently been successful in identifying gold deposits within this unit.
Four areas are targeted for prospecting, mapping and trenching in the current program:
1) Sundown – a large gold – arsenic soil geochemical anomaly with some silver and antimony within Sourdough member.
2) Bighorn Anomaly – Exploration will focus on the upper margins of this 900 metre long silver-lead anomaly over its entire width to optimize the location of a follow up drill hole to expand on the 2.35 m of 125.7 g/t silver, 4.39% lead and 0.09% zinc intersection from 2019 drilling.
3) Bighorn East – Field crews will investigate a soil anomaly (and anomalous spotty soil anomalies) between Bighorn East and the Middlecoff area.
4) Ross – West anomaly – Ross West is 1,800 m west of the original Ross soil geochemical anomaly (originally tested in 2019 without intersecting an explanation for the soil anomaly), located on the Haldane access road. Crews have defined a more cohesive anomaly than Ross, measuring 400 m x 300 m and consisting of Sb-Au-As-Bi within Sourdough member rocks.
About the Haldane Property
The Haldane Property is located in the western portion of the Keno Hill silver district, approximately 25 km west of Keno City. Exploration is targeting high grade silver mineralization similar to that which comprises ore elsewhere in the district, and in particular, at the Keno Mine deposits owned by Hecla Mining. Silver mineralization was originally identified in the early 1900s at Haldane, with high grade silver production reported in the 1915-1930 timeframe. Alianza has made two significant new vein discoveries, most notably, the West Fault where high grade silver vein mineralization has been identified over an area of 100 by 90 metres in drilling. Additional earlier stage targets also exist on the property with the potential for silver and gold mineralization.
About Alianza Minerals Ltd.
Alianza employs a discovery-focused business model of joint venture funding and self-funded projects to maximize opportunity for exploration success. The Company currently has gold, silver and base metal projects in Yukon Territory, British Columbia, Colorado, Nevada and Peru. Alianza has one project (Tim, Yukon Territory) optioned out to Coeur Mining, Inc. and is actively seeking partners on other projects.
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
Renmark Financial Communications Inc.
Scott Logan
slogan@renmarkfinancial.com
Tel: (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com
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.
Banyan Intersects 1.07 G/T Gold Over 45 Metres at Powerline Deposit, Aurmac Property, Yukon
https://www.accesswire.com/714719/Banyan-Intersects-107-GT-Gold-Over-45-Metres-at-Powerline-Deposit-Aurmac-Property-Yukon
Tuesday, September 6, 2022 6:00 AM
VANCOUVER, BC / ACCESSWIRE / September 6, 2022 / Banyan Gold Corp. (the "Company" or "Banyan") (TSXV:BYN)(OTCQB:BYAGF)
Sitka Drills 146.6 metres of 0.90 g/t Gold in Step Out Drilling at its RC Gold Project, Yukon
https://ca.finance.yahoo.com/news/sitka-drills-146-6-metres-123000959.html
Wed, September 7, 2022 at 5:30 a.m.·13 min read
VANCOUVER, BC, Sept. 7, 2022 /CNW/ - Sitka Gold Corp. ("Sitka" or the "Company") (CSE: SIG) (FSE: 1RF) (OTCQB: SITKF
CAVU Energy Metals Reports Additional Porphyry Drill Results Including 0.121% Cu Over 214m from Surface
https://www.newsfilecorp.com/release/136018
Vancouver, British Columbia--(Newsfile Corp. - September 6, 2022) - CAVU Energy Metals Corp. (CSE: CAVU) (OTC: CAVVF) (FSE: 5EO)
ATAC Announces Surface Exploration Results and Commences Maiden Drill Program at its Catch Property, Yukon
https://www.newswire.ca/news-releases/atac-announces-surface-exploration-results-and-commences-maiden-drill-program-at-its-catch-property-yukon-804384899.html
ATAC Resources Ltd. Aug 31, 2022, 08:00 ET
VANCOUVER, BC, Aug. 31, 2022 /CNW/ - ATAC Resources Ltd. ("ATAC") ( TSXV: ATC) (OTCQB: ATADF) is pleased to announce prospecting, soil sampling, and Induced Polarization ("IP") results from 2022 Phase 1 exploration and commencement of a Phase 2 maiden drill program at the Catch property ("the Property") in Yukon.
Exploration Highlights
Catch Rock Highlights (CNW Group/ATAC Resources Ltd.)
Primary copper-in-soil anomaly extended by 1.5 km to total of 5 km x 500 m, with multiple additional target areas identified (figures 1 & 2);
Widespread copper mineralization observed at surface in the primary target area, with grab samples (figure 3) returning values including:
1.57% copper;
1.01% copper with 1.03 g/t gold; and
0.70% copper with 2.82 g/t gold;
IP surveys returned a 1,000 x 600 x 400 m chargeability and resistivity high coincident with high-grade surface samples (figures 4 & 5);
Phase 2 maiden drill program at the Catch property has commenced, with up to 1,500 m of reverse circulation ("RC") drilling to test priority coincident geochemical and geophysical targets; and
Outcrop sampling 1.5 km south of the primary target area returned 1.09% copper in an area that has seen minimal sampling (figures 1 & 2).
"We are very impressed with the results we have seen from Catch so far," stated ATAC's president and CEO, Graham Downs. "We've already defined multiple drill-ready targets, with numerous soil anomalies yet to be followed-up. This has all the hallmarks of a significant new grassroots copper-gold discovery, and we look forward to drilling the first ever holes on this property in the coming days."
Figure 1 – Catch Copper-in-soil
Figure 2 – Catch Gold-in-soil
Figure 3 – Catch Rock Highlights
Figure 4 – Catch IP Section Chargeability
Figure 5 – Catch IP Section Resistivity
Figure 6 – Catch Ground Magnetics
Exploration Summary
Phase 1 exploration at Catch consisted of prospecting, mapping, soil sampling and geophysical surveys. A total of 50 rock samples and 359 soil samples were collected. 10.1 line-km of IP and 49.3 line-km of ground magnetics and very low frequency surveys were completed.
Broad-spaced soil sampling (100 x 500 m) extended the primary copper-in-soil anomaly by 1.5 km to the north, to a total of 5 km x 500 m in size. Additional areas of anomalous copper-in-soil were identified outside the main target area and provide compelling targets for Phase 2 prospecting work.
Rock sampling extended areas of known mineralization at surface. Hand pitting 100 m north of Trench 8 yielded a sample returning 1.16% copper. Follow-up sampling at Trench 9 yielded a sample returning 1.36% copper with 0.13 g/t gold. Sampling 135 m west of Trench 1 returned 1.01% copper with 1.03 g/t gold from a hand pit. Sampling 50 m east of Trench 7 returned 1.57% copper. Apart from the follow-up sampling at Trench 9, all of these samples are from new mineral occurrences within the main target area, significantly extending known mineralization at surface. The primary anomaly area remains underexplored and numerous additional targets will be evaluated in Phase 2 work.
A separate copper-in-soil anomaly located 1.5 km south of the trenching area returned 1.09% copper from outcrop in an area that remains underexplored. This area and additional soil anomalies located further south and east will be evaluated in Phase 2 and future work.
The IP survey returned an open ended (NW-SE), 1,000 x 600 x 400 m coincident chargeability and resistivity high coincident with the primary zone of copper-gold mineralization (figure 4 & 5). This area lies within a moderate magnetic high and is immediately adjacent to a 1.5 x 1.2 km circular magnetic high (figure 6).
Based on the highly encouraging results from this Phase 1 work, crews have recently returned to the Catch property to initiate a Phase 2 program, with additional prospecting, mapping and sampling underway. Crews and equipment are currently being mobilized to site for a maiden RC drill program, with drilling scheduled to begin in the coming days. This property has never been drilled, and all targets represent new grassroots discoveries.
Property Geology and Mineralization
The Property lies within the Quesnel Terrane and is juxtaposed against the Stikine Terrane by the 1,000+ km long, deep seated, crustal scale strike-slip Teslin-Thibert fault approximately 3 km west of the Property boundary. The Quesnel and Stikine Terranes are characterized by similar Late Triassic to early Jurassic volcanic-plutonic arc complexes that are well-endowed with copper-gold-molybdenum porphyries including the Mt. Milligan, KSM, Red Chris, Mt. Polley, Highland Valley Copper deposits.
The Property is underlain by augite phyric basalt of the Semenof Formation, centered on a 7 x 3 km regional magnetic high. Bedrock exhibits strong propylitic and sericitic alteration and intense localized oxidation, brecciation and malachite staining.
The geology, alteration and mineralization observed throughout the Property are all indicative of a nearby copper-gold±molybdenum bearing porphyry system.
The Property is under option from a Yukon prospector, and ATAC can earn up to a 100% interest in the Property. For more information, see ATAC news release dated January 25, 2022.
QA/QC
Analytical work for rock and soil samples was completed by ALS Minerals, with sample preparation in Whitehorse, Yukon and geochemical analyses in North Vancouver, British Columbia. Soil samples were analyzed for gold by the Au-ICP21 procedure which involves fire assay preparation using a 30 gram charge with an inductively coupled plasma – atomic emission spectrometry finish. Rock samples were analyzed for gold by the Au-AA24 procedure which involves fire assay preparation using a 50 gram charge with an atomic absorption spectroscopy finish. Multi-element data for 48 elements was determined for all samples by the ME-MS61 procedure, which involves a four-acid digestion followed by inductively coupled plasma – atomic emission spectroscopy and inductively coupled plasma – mass spectrometry. Overlimit values for copper were determined by the Cu-OG62 technique, which involves a four-acid digestion followed by inductively couples plasma – atomic emission spectroscopy.
Results referenced in this release represent highlight results only and include results from 2022 and previous years. Below detection values for gold and copper have been encountered in soil and rock samples in these target areas.
The technical information in this news release has been approved by Adam Coulter, M.Sc., P.Geo., VP Exploration for ATAC and a qualified person for the purposes of National Instrument 43-101.
About ATAC
ATAC is a Canadian exploration company focused on exploring for gold and copper in Yukon, BC and Nevada. Work on its ~1,700 km2 Rackla Gold Property in Yukon has resulted in the Osiris Deposit Indicated Resource of 732,000 oz of gold at 4.12 g/t (in 5.5 Mt) and Inferred Resource of 1,044,000 oz of gold at 3.47 g/t (in 9.4 Mt), the Tiger Deposit Measured & Indicated Resource of 464,000 oz of gold at an average grade of 3.19 g/t (in 4.5 Mt), a positive Preliminary Economic Assessment for the Tiger Gold Deposit (Pre-tax NPV of $118.2M and IRR of 54.5%), and numerous early-stage gold and base metal discoveries. ATAC is well-financed with approximately $5 million in working capital.
On behalf of ATAC Resources Ltd.
Graham Downs, President and CEO
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Cautionary note regarding forward-looking statements:
This press release may contain "forward-looking information" within the meaning of applicable securities laws. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this press release. The Company undertakes no obligation to update forward-looking information, except as required by securities laws.
Cautionary Note to U.S. Investors concerning estimates of Measured, Indicated, and Inferred Resources:
The mineral resource estimates included in this press release have been prepared in accordance with Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The United States Securities and Exchange Commission (the "SEC") has adopted amendments to its disclosure rules to modernize the mineral property disclosure requirements. U.S. investors are cautioned that the disclosure the Company provides on its mineral properties in this news release may be different from the disclosure that an issuer subject to SEC reporting requirements would otherwise be required to provide. Therefore, the information contained in this news release containing descriptions of the Company's mineral properties may not be comparable to similar information made public by U.S. companies subject to reporting and disclosure requirements under the U.S. federal securities laws and the rules and regulations thereunder.
Additional information about the Tiger Deposit PEA is summarized in ATAC's February 27, 2020 technical report titled "Technical Report and Preliminary Economic Assessment for the Tiger Deposit, Rackla Gold Project, Yukon, Canada", which can be viewed at www.sedar.com under the ATAC profile or on the ATAC website at www.atacresources.com. Additional information about the Osiris Resource Estimate is summarized in ATAC's July 28, 2020 technical report titled "Technical Report and Estimate of Mineral Resources for the Osiris Project, Yukon, Canada", which can be viewed at www.sedar.com under the ATAC profile or on the ATAC website at www.atacresources.com.
SOURCE ATAC Resources Ltd.
For further information: Andrew Carne, M.Eng., P.Eng., VP Corporate and Project Development, ATAC Resources Ltd., T: 604-688-0111 ext. 106, acarne@atacresources.com
Minto Metals Announces Second Quarter Results and Provides Update on Reclamation Costs Security
https://www.newswire.ca/news-releases/minto-metals-announces-second-quarter-results-and-provides-update-on-reclamation-costs-security-891201307.html
Minto Metals Corp. Aug 23, 2022, 06:30 ET
Victoria Gold Reports 2022 Second Quarter Results
https://ca.finance.yahoo.com/news/victoria-gold-reports-2022-second-100000381.html
Victoria Gold Corp
Fri, August 12, 2022 at 3:00 a.m.·17 min read
TORONTO, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Victoria Gold Corp. (TSX-VGCX)
CANTEX INTERSECTS THREE ZONES CONTAINING MASSIVE SULPHIDES INCLUDING 5 METRES OF 39% LEAD-ZINC AND 116 G/T SILVER AT GZ ZONE ON ITS 100% OWNED NORTH RACKLA PROJECT, YUKON
https://ca.finance.yahoo.com/news/cantex-intersects-three-zones-containing-123000096.html
Thu, August 11, 2022 at 5:30 a.m.·4 min read
KELOWNA, BC, Aug. 11, 2022 /CNW/ - Cantex Mine Development Corp. (TSXV: CD) (OTCQB: CTXDF)
Snowline Gold Further Expands Mineralized Footprint of Valley Zone and Mobilizes Third Drill to Its Rogue Project, Yukon
https://ca.finance.yahoo.com/news/snowline-gold-further-expands-mineralized-110000753.html
Snowline Gold Corp.
Wed, August 3, 2022 at 4:00 a.m.·10 min read
CANTEX INTERSECTS 27.7 METRES OF SEMI-MASSIVE TO MASSIVE SULPHIDES AT NORTHEAST END OF MAIN ZONE ON ITS 100% OWNED NORTH RACKLA PROJECT, YUKON
https://ca.finance.yahoo.com/news/cantex-intersects-27-7-metres-130000555.html
Thu, July 28, 2022 at 6:00 a.m.·2 min read
KELOWNA, BC, July 28, 2022 /CNW/ - Cantex Mine Development Corp. (TSXV: CD) (the "Company") is pleased to provide an update on drilling of the Main Zone at its 100-percent-owned 14,077 hectare North Rackla claim block in the Yukon.
Dr. Charles Fipke reports
A 27.7 Metre Zone of Semi-Massive to Massive Sulphides Intersected in Hole YKDD22-246 at Northeast End of Main Zone
Hole YKDD22-246 was drilled at a -65 degree dip from the same pad MZ 52 and at the same 145 degree azimuth as hole YKDD22-239. As reported on July 13, 2022 hole YKDD22-239, drilled at a -45 degree dip, contained a 7.5 meter massive to disseminated sulphide intersection (see Figures 1 and 2).
The semi-massive to massive sulphides in hole YKDD22-246 consist of sphalerite (zinc sulphide) and galena (lead sulphide) and were intersected from 49.6 to 77.3 metres. The 27.7 metre intersection occurs between 51 and 69 metres depth from the surface (see Figure 2). A minor amount of chalcopyrite (copper-iron sulphide) was intersected with massive lead-zinc sulphides from 90.7 to 91.4m.
The above mentioned two intersections from pad MZ 52 in the northeast extend the Main Zone to 2.15 kilometres. Drilling has now commenced at a -80 degree dip below the two intersections on pad MZ 52 (see Figure 2) and the second drill has stepped out further to northeast along strike.
The HQ sized core has been split and is being shipped to CF Minerals in Kelowna for sample preparation prior to being sent to ALS Chemex in Vancouver for analysis.
The technical information and results reported here have been reviewed by Mr. Chad Ulansky P.Geo., a Qualified Person under National Instrument 43-101, who is responsible for the technical content of this release.
Signed,
Charles Fipke
Charles Fipke
Chairman
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. Information set forth in this news release includes forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks identified in the management discussion and analysis section of the Company's interim and most recent annual financial statements or other reports and filings with Canadian securities regulators. Forward looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the respective companies undertake no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.
Main Zone drilling (CNW Group/Cantex Mine Development Corp.)
Cross section through pad MZ52 (CNW Group/Cantex Mine Development Corp.)
Cantex Mine Development Corp. Logo (CNW Group/Cantex Mine Development Corp.) (CNW Group/Cantex Mine Development Corp.)
SOURCE Cantex Mine Development Corp.
Cision
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2022/28/c0703.html
Fireweed Commences 2022 Drill Program at Macmillan Pass
https://ca.finance.yahoo.com/news/fireweed-commences-2022-drill-program-120000355.html
Fireweed Metals Corp.
Tue, July 26, 2022 at 5:00 a.m.·5 min read
MACMILLAN PASS AND MACTUNG PROJECT
Map 1: A map of the Macmillan Pass Project showing the location of Tom, Jason, End and Boundary zones as well as the Mactung Project.
VANCOUVER, British Columbia, July 26, 2022 (GLOBE NEWSWIRE) -- FIREWEED METALS CORP. (“Fireweed” or the “Company”) (TSXV: FWZ; OTCQB: FWEDF, formerly known as Fireweed Zinc Ltd.) is pleased to announce the 2022 diamond drilling program has started at the Macmillan Pass zinc-lead-silver Project, Yukon, Canada.
Highlights
Drilling has begun with plans to complete over 7,000 m using 4 drills
Two of four drills have started drilling the first holes of the 2022 program
Three drills will focus on Boundary and Boundary West zones, with the fourth targeting Tom and Jason zones
CEO Statement
Brandon Macdonald, CEO, stated, “We are finally drilling! After a delayed start-up mainly due to a late spring, drilling has begun. The first two of four drills are turning with the final drill arriving at site shortly. Even with the late start we anticipate drilling over 7,000 metres this summer to make it the largest drill program Fireweed has ever carried out at the Project.”
2022 Diamond Drill Program
The 2022 program includes four diamond drill-rigs, targeting over 7,000 m of drilling divided between four zones, a reduction from the expected 8,000 m initially announced due to the late start. The Boundary zones are open in every direction, and the 2022 program has been designed to test step-outs around the peripheries of Boundary and Boundary West, in addition to testing a potential connection between the two zones. The step-outs will include testing potential down-dip continuation of the recently discovered high-grade stratiform mineralization at Boundary West (see Fireweed news release dated March 10, 2022), and testing for additional massive sulphide mineralization in the near-surface. Three of the rigs will operate at Boundary and Boundary West where the majority of the drilling will occur.
The fourth rig will drill Tom West, Tom North, Jason, and Jason South subzones targeting select extensions and other parts of these four large zinc-lead-silver deposits. The holes at Tom West will focus on providing infill within high-grade zones where the current mineral resource is supported by small-diameter historic diamond drill holes with very poor recovery in the higher-grade portions of the holes. Fireweed sees potential to increase zinc, lead, and silver grades in these areas by drilling modern larger diameter holes, as demonstrated in previous Fireweed drill programs (see Fireweed news releases dated 10th October 2018; 13th November, 2018; 20th August 2019; 10th September 2019). The drilling at Tom North will target a step-out of the near-surface mineralization that is potentially amenable to open-pit mining. The drilling at Jason and Jason South will target high-grade step-outs.
By the end of the 2022 campaign, Fireweed will have four seasons of additional drill data to inform new mineral resources for the Project, including an inaugural resource for the Boundary, Boundary West, End Zone, and Tom North zones, and an updated resource for Tom West, Tom East, Tom Southeast, Jason and Jason South subzones.
Qualified Person Statement
Technical information in this news release has been approved by Gilles Dessureau, P.Geo., M.Sc., V.P. Exploration and a ‘Qualified Person’ as defined under Canadian National Instrument 43-101.
About Fireweed Metals Corp. (TSXV: FWZ; OTCQB: FWEDF; FSE:20F): Fireweed Metals is a public mineral exploration company on the leading edge of Critical Minerals project development. The Company has three projects located in northern Canada:
Macmillan Pass Zinc-Lead-Silver Project: Fireweed owns 100% of the district-scale 940 km2 Macmillan Pass Project in Yukon, Canada, which is host to the Tom and Jason zinc-lead-silver deposits with current Mineral Resources and a PEA economic study (see Fireweed news releases dated 10th January 2018, and 23rd May 2018, respectively, and reports filed on www.sedar.com for details), as well as the Boundary Zone, Boundary West Zone, Tom North subzone and End Zone which have significant zinc-lead-silver mineralization drilled but not yet classified as mineral resources. The project also includes large blocks of adjacent claims with known showings and significant upside exploration potential. The large 2022 program has begun with plans to complete over 7,000 metres of drilling to inform new and updated mineral resources.
Mactung Tungsten Project: The Company has a binding Letter of Intent to acquire 100% interest in the 37.6 km2 Mactung Tungsten Project located adjacent to the Macmillan Pass Project. Mactung contains historic resources that make it one of the largest and highest-grade undeveloped tungsten resources in the world. Located in Canada, it is one of the rare large tungsten resources outside of China. Plans for 2022 include due diligence and validation work on historic data in order to support a new mineral resource estimate followed by a Preliminary Economic Study.
Gayna River Zinc-Gallium-Germanium Project: Fireweed has 100% of the 128.75 km2 Gayna River project located 180 kilometres north of the Macmillan Pass project. It is host to extensive critical minerals mineralization including zinc, gallium and germanium as well as lead and silver, outlined by 28,000 metres of historic drilling and significant upside potential. The 2022 work program has begun and consists of an airborne LiDAR topography survey, ground geophysics survey and historic data compilation.
In Canada, Fireweed (TSXV: FWZ) trades on the TSX Venture Exchange. In the USA, Fireweed (OTCQB: FWEDF) trades on the OTCQB Venture Market for early stage and developing U.S. and international companies and is DTC eligible for enhanced electronic clearing and settlement. The Company is current in its reporting and undergoes an annual verification and management certification process. Investors can find Real-Time quotes and market information for the Company on www.otcmarkets.com. In Europe, Fireweed (FSE: 20F) trades on the Frankfurt Stock Exchange.
Additional information about Fireweed and its projects can be found on the Company’s website at www.FireweedMetals.com and at www.sedar.com.
ON BEHALF OF FIREWEED METALS CORP.
“Brandon Macdonald”
CEO & Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements
Forward Looking Statements
This news release may contain “forward-looking” statements and information relating to the Company and its projects that are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, general economic conditions, changes in financial markets, the ability to properly and efficiently staff the Company’s operations, the sufficiency of working capital and funding for continued operations, title matters, First Nations relations, operating hazards, political and economic factors, competitive factors, metal prices, relationships with vendors and strategic partners, governmental regulations and oversight, permitting, seasonality and weather, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. The Company does not undertake to update forward-looking statements or forward-looking information, except as required by law.
Contact:
Brandon Macdonald
Phone: (604) 646-8361
Map 1: A map of the Macmillan Pass Project showing the location of Tom, Jason, End and Boundary zones as well as the Mactung Project.
https://www.globenewswire.com/NewsRoom/AttachmentNg/2b95fab5-9a72-4b78-a179-ed89ad3bbf72
CANTEX CONTINUES TO INTERSECT MASSIVE SULPHIDES TO DEPTH AT NORTHEAST END OF MAIN ZONE ON ITS 100% OWNED NORTH RACKLA PROJECT, YUKON
https://www.newswire.ca/news-releases/cantex-continues-to-intersect-massive-sulphides-to-depth-at-northeast-end-of-main-zone-on-its-100-owned-north-rackla-project-yukon-829163142.html
Cantex Mine Development Corp. Jul 21, 2022, 09:00 ET
KELOWNA, BC, July 21, 2022 /CNW/ - Cantex Mine Development Corp. (TSXV: CD) (the "Company") is pleased to provide an update on drilling of the Main Zone at its 100-percent-owned 14,077 hectare North Rackla claim block in the Yukon.
Dr. Charles Fipke reports
Massive Sulphides Continue to be Intersected to Depth at Northeast End of Main Zone (CNW Group/Cantex Mine Development Corp.)
Massive Sulphides Continue to be Intersected to Depth at Northeast End of Main Zone
Drilling from pad MZ 52A (see Figure 1) demonstrates the massive sulphides intersected while drilling from pad MZ 52 (see release dated July 13, 2022) extend to depth.
Hole YKDD22-241 intersected several zones containing massive to semi-massive sulphide mineralization at the extreme northeastern end of the 2.15km long Main Zone. The most significant of these are from 154.75 to 160.1 metres (5.35m) and 183.5 to 189.95m (6.45m). This last zone is 124 metres vertically below surface.
The Company continues drilling at this northeastern end (Discovery Target) of the Main Zone.
The HQ sized core has been split and is being shipped to CF Minerals in Kelowna for sample preparation prior to being sent to ALS Chemex in Vancouver for analysis.
The technical information and results reported here have been reviewed by Mr. Chad Ulansky P.Geo., a Qualified Person under National Instrument 43-101, who is responsible for the technical content of this release.
Signed,
Charles Fipke
Charles Fipke
Chairman
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. Information set forth in this news release includes forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks identified in the management discussion and analysis section of the Company's interim and most recent annual financial statements or other reports and filings with Canadian securities regulators. Forward looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the respective companies undertake no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.
SOURCE Cantex Mine Development Corp.
For further information: Cantex Mine Development Corp, Tel: +1-250-860-8582; Email: info@cantex.ca
Related Links https://cantex.ca/
Minto Metals Announces Copper Production for Second Quarter of 2022 and Appoints New Corporate Development and Investor Relations Leaders
https://www.newswire.ca/news-releases/minto-metals-announces-copper-production-for-second-quarter-of-2022-and-appoints-new-corporate-development-and-investor-relations-leaders-881448449.html
Minto Metals Corp. Jul 19, 2022, 06:30 ET
CAVU Energy Metals Reports 15.27m at 2.80% CuEq from 62.23m at the Hopper Copper-Gold Porphyry/Skarn Project in Yukon
https://www.newsfilecorp.com/release/130460
Vancouver, British Columbia--(Newsfile Corp. - July 11, 2022) - CAVU Energy Metals Corp. (CSE: CAVU) (OTCQB: CAVVF) (FSE: 5EO)
Victoria Gold: Update on Yukon Wildfires
https://ca.finance.yahoo.com/news/victoria-gold-yukon-wildfires-143200400.html
Victoria Gold Corp
Wed, July 13, 2022 at 7:32 a.m.·6 min read
WHITEHORSE, Yukon, July 13, 2022 (GLOBE NEWSWIRE) -- Victoria Gold Corp. (TSX-VGCX) (“Victoria” or the “Company”) has received notice the Evacuation Alert has been rescinded (see News Release dated July 12, 2022).
The Evacuation Alert, issued July 5, 2022 by the Yukon Emergency Measures Organization (“YEMO”), for the Silver Trail, including Moose Creek Lodge, Mayo, Elsa, Keno, and Victoria Gold Mine, has been rescinded. This means the Eagle Gold Mine staff and local communities no longer need to be prepared to leave immediately.
YEMO have stated the level of risk to this area has decreased and is now not deemed to present a risk to persons or property within the defined area. Cooler weather and increased rain have reduced fire behaviour across the Yukon, as well as limited the number of new fires.
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 Company issued a National Instrument 43-101 Technical Report for the Eagle Gold Mine dated December 3, 2019 (the “2019 Eagle Technical Report”). Since the date of the 2019 Eagle Technical Report, the Company has produced gold from its Eagle Mine. Based on the 2019 Eagle Technical Report and after adjusting for depletion through December 31, 2021, the Eagle and Olive deposits include Proven and Probable Reserves of 2.7 million ounces of gold from 133 million tonnes of ore with a grade of 0.64 grams of gold per tonne. Based on the 2019 Eagle Technical Report and after adjusting for depletion through December 31, 2021, the Mineral Resource for the Eagle and Olive deposits has been estimated to host 207 million tonnes averaging 0.63 grams of gold per tonne, containing 4.2 million ounces of gold in the "Measured and Indicated" category, inclusive of Proven and Probable Reserves, and a further 28 million tonnes averaging 0.61 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
Victoria Gold: Eagle Gold Mine Q2 2022 Production
https://ca.finance.yahoo.com/news/victoria-gold-eagle-gold-mine-100000016.html
Victoria Gold Corp
Tue, July 12, 2022 at 3:00 a.m.·8 min read
WHITEHORSE, Yukon, July 12, 2022 (GLOBE NEWSWIRE) -- Victoria Gold Corp. (TSX-VGCX
Nickel Creek Platinum Announces 2022 Field Program at Nickel Shäw
https://ca.finance.yahoo.com/news/nickel-creek-platinum-announces-2022-234100453.html
Tue, July 5, 2022 at 4:41 p.m.·4 min read
TORONTO, July 5, 2022 /CNW/ - Nickel Creek Platinum Corp. (TSX: NCP) ("Nickel Creek" or the "Company") is pleased to announce that the Company formally commenced the drilling portion of its 2022 field program on July 1, 2022 at its 100%-owned Nickel Creek's Nickel Shäw Project in the Yukon, Canada.
Following successful completion of the recent C$2.7 million private placement, which included a Flow-Through Offering of C$2.4 million, the Company has secured the necessary funding required to perform an exploration program for the 2022 field season to collect data to facilitate completion of a Prefeasibility Study ("PFS"). This work will include PFS drilling on the Wellgreen deposit to support conversion of inferred mineral resources to indicated mineral resources and to collect additional geotechnical and hydrogeological data including the characterization of the proposed waste dump and tailings sites. Further drilling is also planned at the Arch exploration target to define the extent of mineralization.
Stuart Harshaw, President and CEO commented "We are looking forward to advancing the Nickel Shäw Project with our extensive program this summer. The nickel market needs projects like ours to develop in order to supply the increasing demand for nickel and copper to produce electric vehicles."
As part of the 2022 field program, the Company will be supported by the Kluane First Nation, the Company's First Nations partner via its operating companies, Kluane Development LP and Kluane Energy LP.
Scientific and Technical Information
The scientific and technical information disclosed in this news release was reviewed and approved by Cam Bell, an independent geologist on a consulting retainer contract with the Company and a "qualified person" as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
About Nickel Creek Platinum Corp.
Nickel Creek Platinum Corp. (TSX: NCP; OTCQB: NCPCF) is a Canadian mining exploration and development company and its flagship asset is its 100%-owned Nickel Shäw Project. The Nickel Shäw Project is a large undeveloped nickel sulphide project with a unique mix of metals including copper, cobalt and platinum group metals, located in the Yukon, Canada, one of the most favourable jurisdictions in the world. The Nickel Shäw Project has exceptional access to infrastructure, located three hours west of Whitehorse via the paved Alaska Highway, which further offers year-round access to deep-sea shipping ports in southern Alaska. The Company is also investigating other opportunities for shareholder value creation.
The Company is led by a management team with a proven track record of successful discovery, development, financing and operation of large-scale projects. Our vision is to create value for our shareholders by becoming a leading North American nickel, copper, cobalt and PGM producer.
Cautionary Note Regarding Forward-Looking Information
This news release includes certain information that may be deemed "forward-looking information". Forward-looking information can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "believe", "continue", "plans" or similar terminology, or negative connotations thereof. All information in this release, other than information of historical facts, including, without limitation, statements relating to general future plans and objectives for the Company and the Nickel Shäw Project, are forward-looking information that involve various risks and uncertainties. Although the Company believes that the expectations expressed in such forward-looking information are based on reasonable assumptions, such expectations are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking information.
For more information on the Company and the key assumptions, risks and challenges with respect to the forward-looking information discussed herein, and about our business in general, investors should review the Company's most recently filed annual information form, and other continuous disclosure filings which are available at www.sedar.com. Readers are cautioned not to place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Cision
View original content to download multimedia:https://www.prnewswire.com/news-releases/nickel-creek-platinum-announces-2022-field-program-at-nickel-shaw-301580946.html
SOURCE Nickel Creek Platinum Corp.
Cision
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2022/05/c6213.html
CAVU Energy Metals Reports 15.27m at 2.80% CuEq from 62.23m at the Hopper Copper-Gold Porphyry/Skarn Project in Yukon
https://www.newsfilecorp.com/release/130460
Vancouver, British Columbia--(Newsfile Corp. - July 11, 2022) - CAVU Energy Metals Corp. (CSE: CAVU) (OTCQB: CAVVF) (FSE: 5EO)
White Gold Commences Drill Program at the Betty Property, Yukon
https://ca.finance.yahoo.com/news/white-gold-corp-commences-drill-113000462.html
White Gold Corp.
Tue, July 5, 2022 at 4:30 a.m.·6 min read
Figure 1
Betty Property 2022 Drilling Program Overview
TORONTO, July 05, 2022 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the "Company") is pleased to announce the commencement of the 2022 drill program at the Betty Ford and Mascot targets on its Betty property. The Betty property is strategically located in the southern part of the Company’s land package, approximately 15 km northeast of Western Copper and Gold Corporation’s (TSX: WRN, NYSE: WRN) Casino porphyry deposit (Measured & Indicated Resources of 14.5 Moz gold & 7.6 Blbs copper and Inferred Resources of 6.6 Moz gold and 3.3 Blb copper(4)) and 40 km east of Newmont Corporation’s (NYSE: NEM, TSX: NGT) Coffee gold deposit (Measured & Indicated Resources of 2.14 Moz gold and Inferred Resources of 0.23 Moz gold(3)). This drill program forms part of the Company’s 2022 fully funded $6 million exploration program on its extensive and underexplored 350,000 hectare land package in the emerging White Gold District, Yukon, supported by strategic partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corporation (TSX: K, NYSE: KGC).
“Our 2021 maiden diamond drill program on the Betty Ford target returned one of the best holes drilled in the district, intersecting 3.46 g/t gold over 50m from near surface. We are eager to follow up on this exciting discovery to further test the extents of the broad gold zone encountered. We are also excited to commence a maiden diamond drill program at the Mascot Target that hosts three large gold mineralized zones, which we believe may be indicative of the presence of a broader gold system. Our Betty property is located in close proximity to existing large gold and copper deposits along the same fault structure. We look forward to further advancing this prospective and underexplored property,” stated David D’Onofrio, Chief Executive Officer.
Maps accompanying this news release can be found at https://whitegoldcorp.ca/investors/exploration-highlights/.
Highlights of 2022 Betty Drilling Program Include:
Approximately 2,200 m of diamond drilling and 1,650 m of reverse circulation (RC) drilling is planned, focussing primarily on the Betty Ford and Mascot targets (Figure 1).
Drilling at the Betty Ford target will test the depth and strike extents of the gold mineralized zone identified in last season’s maiden diamond drilling program which included 3.46 g/t Au over 50 m in hole BETFD21D003 and 1.17 g/t Au over 48.0 m in BETFD21D001.
Planned drilling at the Mascot target, located approximately 5 km southeast of Betty Ford, represents maiden diamond drilling on this target. Drilling is focusing on 3 known gold mineralized zones (Page, Boop and Davis), where historical RC drilling encountered significant gold and silver mineralization including 2.62 g/t Au & 107 g/t Ag over 41.1 m in hole BETR12-022 at Page, 29.75 g/t Au over 3.1 m in BETR12-012 and 2.19 g/t Au over 10.7 m including 6.05 g/t Au over 3.1m in BETR12-014 at Boop, and 1.48 g/t Au over 21.3 m in BETR12-007 at Davis. See Prospector Metals Corp. (formerly Ethos Gold Corp.) News Release dated June 26, 2012.
Planned RC drilling will also test several additional targets elsewhere on the property including the Betty Black target located directly on the Coffee Creek Fault approximately 5 km west-northwest of Betty Ford and the Betty Grable target which may represent a strike extension of the Betty Ford 1.5 km to the west.
A video replay providing a detailed overview of the 2022 exploration program can be found on the Company’s website at: https://whitegoldcorp.ca/media/videos/.
An overview of the planned 2022 Betty drill program, was provided in a Company News Release dated May 18, 2022. To date, the Company has completed the initial phase of diamond drilling at the Ryan’s Surprise and Ulli’s Ridge targets on the White Gold property, with further details provided in a Company News Release dated June 13, 2022. Once the Betty drill program is complete, the diamond drill rig will return to the White Gold property to carry out an additional phase of drilling on Ryan’s Surprise. RAB drilling is planned later in the season to test targets along the Ryan’s Trend, a 6.5 km long NNW gold and arsenic soil geochemical trend located approximately 2km west of the Golden Saddle and Arc deposits which also hosts the Ryan’s Surprise and Ulli’s discoveries. Assay results for all drill programs will be released as they become available and are interpreted by the Company.
About White Gold Corp.
The Company owns a portfolio of 17,584 quartz claims across 30 properties covering approximately 350,000 hectares representing over 40% of the Yukon’s emerging White Gold District. The Company’s flagship White Gold property hosts the Company’s Golden Saddle and Arc deposits which have a mineral resource of 1,139,900 ounces Indicated at 2.28 g/t Au and 402,100 ounces Inferred at 1.39 g/t Au(1). Mineralization on the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. The Company’s recently acquired VG Deposit also hosts an Inferred gold resource of 267,600 ounces at 1.62 g/t Au(2). Regional exploration work has also produced several other new discoveries and prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Newmont Corporation with Measured and Indicated Resources of 2.17 Moz at 1.46 g/t Au, and Inferred Resources of 0.50 Moz at 1.32 g/t Au(3), and Western Copper and Gold Corporation’s Casino project which has Measured and Indicated Resources of 14.5 Moz Au and 7.6 Blb Cu and Inferred Resources of 6.6 Moz Au and 3.3 Blb Cu(4). For more information visit www.whitegoldcorp.ca.
(1) See White Gold Corp. technical report titled “Technical Report for the White Gold Project, Dawson Range, Yukon Canada”, Effective Date May 15, 2020, Report Date July 10, 2020, prepared by Dr. Gilles Arseneau, P.Geo., and Andrew Hamilton, P.Geo., available on SEDAR.
(2) See White Gold Corp. technical report titled “Technical Report for the QV Project, Yukon, Canada”, Effective Date October 15, 2021, Report Date November 15, 2021, available on SEDAR.
(3) See Newmont Corporation news release titled “Newmont Reports 2021 Mineral Reserves of 93 Million Gold Ounces and 65 Million Gold Equivalent Ounces”, dated February 24, 2022: https://www.newmont.com/investors/news-release/default.aspx.
(4) See Western Copper and Gold Corporation technical report titled “Form 43-101F1 Technical Report Preliminary Economic Assessment”, Effective Date June 22, 2021, Report Date August 2, 2021 , prepared by Daniel Roth, PE, P.Eng., Mike Hester, F Aus IMM, John M. Marek, P.E., Laurie M. Tahija, MMSA-QP, Carl Schulze, P.Geo., and Daniel Friedman, P.Eng., available on SEDAR.
Qualified Person
Terry Brace, P.Geo. and Vice President of Exploration for the Company is a “qualified person” as defined under National Instrument 43-101 – Standards of Disclosure of Mineral Projects and has reviewed and approved the content of this news release.
Cautionary Note Regarding Forward Looking Information
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", “proposed”, "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the Company’s properties; future growth potential of the Company, including whether any proposed exploration programs at any of the Company’s properties will be successful; exploration results; and future exploration plans and costs and financing availability.
These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the White Gold properties; the receipt of all applicable regulatory approvals for the Offering; failure to identify any additional mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Company’s properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining and mineral exploration; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; ongoing uncertainties relating to the COVID-19 pandemic; and those factors described under the heading "Risks Factors" in the Company's annual information form dated July 29, 2020 available on SEDAR. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
For Further Information, Please Contact:
Contact Information:
David D’Onofrio
Chief Executive Officer
White Gold Corp.
(647) 930-1880
ir@whitegoldcorp.ca
To Book a Meeting with Management: https://whitegoldcorp.ca/contact/request-information/
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dd0f98af-0213-4cf7-9d95-2296b1f4c671
HECLA ACQUIRES ALEXCO RESOURCE
https://www.newswire.ca/news-releases/hecla-acquires-alexco-resource-820857145.html
Alexco Resource Corp. Jul 05, 2022, 06:57 ET
America's largest and highest-grade silver producer adding
Canada's largest and highest-grade silver reserve
COEUR D'ALENE, Idaho, July 5, 2022 /CNW/ - Hecla Mining Company (NYSE: HL) (Hecla) and Alexco Resource Corp. (NYSE American: AXU) (TSX: AXU) (Alexco)
Sitka Adds Third Drill Rig to its RC Gold Project in Yukon
https://ca.finance.yahoo.com/news/sitka-adds-third-drill-rig-123000304.html
Thu, June 30, 2022 at 5:30 a.m.·10 min read
VANCOUVER, BC, June 30, 2022 /CNW/ - Sitka Gold Corp. ("Sitka" or the "Company") (CSE: SIG) (FSE: 1RF) (OTCQB: SITKF)
Transition Metals Options the Pike-Warden, High Grade Au-Ag-Cu Property, Yukon
Historic grab samples of six undrilled high-grade showings have returned results up to 48.10 g/t Au, 11,270 g/t Ag and 7.49% Cu
Property has potential to host a large epithermal-porphyry system within the major Bennett Lake Caldera complex
https://www.newsfilecorp.com/release/129295
Sudbury, Ontario--(Newsfile Corp. - June 28, 2022) - Transition Metals Corp (TSXV: XTM) (
ALEXCO PROVIDES KENO HILL OPERATIONS UPDATE
https://www.newswire.ca/news-releases/alexco-provides-keno-hill-operations-update-859562030.html
Alexco Resource Corp. Jun 22, 2022, 07:00 ET
VANCOUVER, BC, June 22, 2022 /CNW/ - Alexco Resource Corp. (NYSE American: AXU) (TSX: AXU) ("Alexco" or the "Company") today provides the following update on operations and exploration at the Company's wholly owned Keno Hill Silver District ("Keno Hill") in Yukon Territory, Canada.
Ramp-up of mining activity at Keno Hill continued to progress in May with sustained underground development performance aided by improved equipment availability at both the Flame & Moth and Bermingham mines. Similarly, the district mill saw improved throughput and metallurgical performance in the same period. Underground advance at Bermingham reached the 1120 level, where the upper portion of the high-grade Bear Zone has been cross-cut with two ore faces and predictive block model grades of 1,900 – 2,000 grams per tonne ("g/t") silver ("Ag") appearing to be well supported or exceeded in mine based rib and face assays. Additionally, in May, the Company milled approximately 5,750 tonnes of ore, representing an approximate 19% increase over April. The mill operated for 16 days in May, nine of those days operating at throughput above the nameplate capacity of 400 tonnes per day ("tpd"). The metallurgical performance continued to be robust, with over 93% total silver recoveries to concentrate and in excess of 16,300 g/t Ag in the lead concentrate.
While the underground performance improvements are notable, and the demonstrated supply of 150-250 tpd of ore to the mill has been important, it is also apparent from results to date that the rate of improvement in the advance of underground development remains insufficient to achieve the necessary number of production headings to sustain 400 tpd feed to the mill before the end of 2022. To rectify this imbalance, the Company has elected to temporarily suspend milling operations for five to six months and to focus all efforts on advancing underground development. After this development period is complete, the Company anticipates accessing, cross-cutting, and having available a total of approximately 120,000 tonnes of ore inventory grading 1,050 g/t Ag at the Bermingham and Flame & Moth mines by year end 2022. Ore extraction and milling operations will be restarted in January 2023, and with our anticipated production, cash self-sufficiency should be achieved within the first quarter of 2023. The Company estimates that more than four million ounces of silver will be delivered as ore feed to the district mill in 2023.
"As previously indicated in May, our operations ramp-up plan is running well behind schedule," said Clynton Nauman Chairman and CEO of Alexco, "and at this juncture we have enough information to determine that the rate of improvement in underground performance is not sufficient to reach a sustainable 400 tpd and cash self sufficiency in 2022. We need to get further ahead with underground development, and that requires five to six months of focused underground advance to ensure we have available, and can maintain, two to three levels of development ahead of primary production levels in each mine. This refocussing of operations is the right decision and it is unquestionably in the best interest of the mine and the Company as a whole. The alternative of continuing to operate under the status quo with slowly improving ore deliveries to the mill for the balance of 2022, only serves to diminish the benefit of extremely high-grade ore, instead of using that benefit to generate free cash flow and hence returns for our shareholders early in 2023."
With transition of operations activities to an interim development focused plan, additional financing will be required. As of the date of this press release, the cash position of Alexco is approximately $14 million with negative working capital of approximately $4.5 million. The final scope, cost, and timing of the interim development-only plan and the subsequent transition back to full mill operations with concentrate shipments in January 2023 remains under review and will be communicated once completed. Additionally, the Company will continue to evaluate all financing and strategic options available to enhance the value of Keno Hill.
In other activities at Keno Hill, surface exploration began with two drills in May with focus in the vicinity of the historic Silver King mine and the Coral Wigwam area, approximately 800 meters along structural trend from the Bermingham Mine. Early indications from shallow geology-defining drill holes in the Coral Wigwam area have identified a structural geology framework potentially similar to that which hosts the Bermingham deposit. The next phase of this work will focus on deeper drilling of the targeted structure(s) within permissive stratigraphy, areas which proved highly productive in the adjacent Bermingham deposit.
Qualified Person
The disclosure of all other scientific and technical information in this news release regarding mine development and operations has been reviewed and approved by Sebastien D. Tolgyesi, P.Eng., P.Geo. (Keno Hill Operations Manager, Alexco), who is are Qualified Persons as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
About Alexco
Alexco is a Canadian primary silver company that owns and operates the majority of the historic Keno Hill Silver District, in Canada's Yukon Territory, one of the highest-grade silver mines in the world. Alexco started concentrate production and shipments in 2021 and is currently advancing Keno Hill toward steady state production. Upon reaching commercial production, Keno Hill is expected to produce an average of approximately 4.4 million ounces of silver per year contained in high quality lead/silver and zinc concentrates. Keno Hill retains significant potential to grow and Alexco has a long history of expanding the operation's mineral resources through successful exploration.
Website: www.alexcoresource.com
Forward-Looking Statements
Some statements ("forward-looking statements") in this news release contain forward-looking information concerning Alexco's anticipated results and developments in Alexco's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future, made as of the date of this news release. Forward-looking statements may include, but are not limited to, statements with respect to the future remediation and reclamation activities, future mineral exploration, the estimation of mineral reserves and mineral resources, the realization of mineral reserve and mineral resource estimates, future mine construction and development activities, future mine operation and production, the timing of activities and reports, the timing and results of development activity, the timing and amount of estimated revenues and expenses, the success of exploration activities, permitting time lines, requirements for additional capital and sources and uses of funds. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors, which could cause actual events or results to differ from those expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results and timing of exploration and development activities; actual results and timing of mining activities; actual results and timing of environmental services activities; actual results and timing of remediation and reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of silver, gold, lead, zinc and other commodities; possible variations in mineable resources, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; First Nation rights and title; continued capitalization and commercial viability; global economic conditions; competition; and delays in obtaining governmental approvals or financing or in the completion of development activities. Forward-looking statements are based on certain assumptions that management believes are reasonable at the time they are made. In making the forward-looking statements included in this news release, Alexco has applied several material assumptions, including, but not limited to, the assumption that Alexco will be able to raise additional capital as necessary, that the proposed exploration and development will proceed as planned, and that market fundamentals will result in sustained silver, gold, lead and zinc demand and prices. There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Alexco 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.
SOURCE Alexco Resource Corp.
For further information: Clynton R. Nauman, Chairman and Chief Executive Officer, Rajni Bala, Investor Relations and Communications Lead, Phone: (778) 945-6577, Email: info@alexcoresource.com
Fireweed Zinc Mobilizes Field Crews for $10M Drill Program at Macmillan Pass
https://ca.finance.yahoo.com/news/fireweed-zinc-mobilizes-field-crews-123000554.html
Fireweed Zinc Ltd.
Mon, June 20, 2022 at 5:30 a.m.·8 min read
MACMILLAN PASS PROPERTY
Map 1: Macmillan Pass Project. Drilling will commence at Boundary Zone, which is open in every direction, as well as at the Tom and Jason deposits to inform an updated resource and subsequent PEA.
VANCOUVER, British Columbia, June 20, 2022 (GLOBE NEWSWIRE) -- FIREWEED ZINC LTD. (“Fireweed” or the “Company”) (TSXV: FWZ; OTCQB: FWEDF) is pleased to announce that the first field crews have been mobilized to the Macmillan Pass Property, in Yukon, Canada to prepare for a large 2022 drill program. Significant improvements are being made to the camp to support the four-rig 2022 program. Diamond drilling, core scanning, and a muon tomography survey will begin in the coming weeks after the access road opens.
Highlights
This will be Fireweed’s largest drill program to date with 8,000 m of diamond drilling planned.
Two-thirds of the metres will be step-out and infill at Boundary Zone and Boundary West with the remaining metres split between Tom and Jason targeting high-grade step-out and infill holes.
All 2022 core plus core from previous programs and historical core will be scanned using advanced hyperspectral scanning technology.
Muon detectors will be deployed at Boundary West to effectively target step-outs and help define the geometry of the recently discovered zones of massive and high-grade laminated sulphide.
Field crews will also be conducting due diligence and validation work at the adjacent Mactung Tungsten Project in the coming months in preparation for the planned Mineral Resource update and PEA economic study
V.P. Exploration Statement
Gilles Dessureau, V.P. Exploration, stated, “We are very excited to start our 2022 season. It will be the largest and most ambitious program ever carried out by Fireweed at the Macmillan Pass Project. We are also excited to use innovative new technologies, such as muon tomography and hyperspectral imaging to guide exploration. The main objectives of the 2022 field program will be to define and expand the known mineralized zones toward an updated mineral resource study this winter followed by an updated preliminary economic study.”
2022 Diamond Drill Program
The 2022 drill program will consist of 4 diamond drill-rigs, targeting approximately 8,000 m of drilling divided between the zones. Boundary Zone is open in every direction, and the 2022 program has been designed to test step-outs around the peripheries of Boundary Main and Boundary West, in addition to testing a potential connection between the two zones. The step-outs will include testing potential down-dip continuation of the recently discovered high-grade stratiform mineralization at Boundary West (see Fireweed news release dated March 10, 2022), and testing for additional massive sulphide mineralization in the near-surface. Three of the rigs will remain at Boundary Zone where Fireweed anticipates drilling approximately 5,800 m.
The fourth rig will drill Tom West, Tom North, Jason Main, and Jason South, targeting approximately 2,300 m between these four large zinc-lead-silver deposits. The holes at Tom West will focus on providing infill within high-grade zones where the current mineral resource is supported by small-diameter historic diamond drill holes with very poor recovery in the higher-grade portions of the holes. Fireweed sees potential to increase zinc, lead, and silver grades in these areas by drilling large HQ diameter holes using triple-split tubes to improve recovery, as demonstrated in previous Fireweed drill programs (see Fireweed news releases dated October 10, 2018; November 13, 2018; August 20, 2019; September 10, 2019). The drilling at Tom North will target a step-out of the near-surface mineralization that is potentially amenable to open-pit mining. The drilling at Jason Main and Jason South will target high-grade step-outs
By the end of the 2022 campaign, Fireweed will have four seasons worth of new drill data that will be used to inform a new global mineral resource, including an inaugural resource for the Boundary Main, Boundary West, End Zone and Tom North zones, and an updated resource for Tom West, Tom East, Tom Southeast, Jason Main and Jason South zones. Fireweed will use the new resource to inform a new Preliminary Economic Assessment (PEA) for the project.
2022 Core Scanning Program
Fireweed contracted GeologicAI to scan all 2022 drill core as well as a significant portion of the core from Fireweed’s past programs and some of the historic core from the previous operators. The scanning will include high resolution digital photography, LiDAR topography, shortwave, visible, and near infrared hyperspectral imagery, and X-ray fluorescence (XRF) scans. Fireweed anticipates using this information to inform geometallurgical models of the deposits that have potential to deliver value by optimizing the upcoming PEA.
2022 Muon Tomography Survey
Working with Ideon Technologies, Fireweed will deploy muon detectors in two drill holes at Boundary West. These detectors will be used to define the geometry of the known zinc mineralization at Boundary West and target additional mineralization in the area. Muon tomography is a down-hole geophysical technique that uses naturally occurring cosmic-ray muons to measure density contrasts and identify subsurface anomalies such as dense bodies of zinc mineralization.
Qualified Person Statement
Technical information in this news release has been approved by Gilles Dessureau, P.Geo., V.P. Exploration and a ‘Qualified Person’ as defined under Canadian National Instrument 43-101.
About Fireweed Zinc Ltd. (TSXV: FWZ; OTCQB: FWEDF; FSE:20F): Fireweed Zinc is a public mineral exploration company on the leading edge of Critical Minerals project development. The Company has three projects located in northern Canada:
Macmillan Pass Zinc-Lead-Silver Project: Fireweed owns 100% of the district-scale 940 km2 Macmillan Pass project in Yukon, Canada, which is host to the Tom and Jason zinc-lead-silver deposits with current Mineral Resources and a PEA economic study (see Fireweed news releases dated 10th January 2018, and 23rd May 2018, respectively, and reports filed on www.sedar.com for details) as well as the Boundary Zone, Boundary Zone West, Tom North Zone and End Zone which have significant zinc-lead-silver mineralization drilled but not yet classified as mineral resources. The project also includes large blocks of adjacent claims with known showings and significant upside exploration potential. Plans for 2022 include a large drill program toward expanded mineral resources and an updated PEA to include large new zones of mineralization defined since 2018 including the Boundary Zones.
Mactung Tungsten Project: The Company has a binding Letter of Intent to acquire 100% interest in the 37.6 km2 Mactung Tungsten Project located adjacent to the Macmillan Pass Project. Mactung contains historic resources that make it one of the largest and highest-grade undeveloped tungsten resources in the world. Located in Canada, it is one of the rare large tungsten resources outside of China. Plans for 2022 include due diligence and validation work on historic data in order to support a new mineral resource estimate followed by a Preliminary Economic Study.
Gayna River Zinc-Gallium-Germanium Project: Fireweed has 100% of the 128.75 km2 Gayna River project located 180 kilometres north of the Macmillan Pass project. It is host to extensive critical minerals mineralization including zinc, gallium and germanium as well as lead and silver, outlined by 28,000 metres of historic drilling and significant upside potential. Plans for 2022 consist of an airborne LiDAR topography survey, ground geophysics survey, and historic data compilation.
In Canada, Fireweed (TSXV: FWZ) trades on the TSX Venture Exchange. In the USA, Fireweed (OTCQB: FWEDF) trades on the OTCQB Venture Market for early stage and developing U.S. and international companies and is DTC eligible for enhanced electronic clearing and settlement. Companies are current in their reporting and undergo an annual verification and management certification process. Investors can find Real-Time quotes and market information for the Company on www.otcmarkets.com . In Europe, Fireweed (FSE: 20F) trades on the Frankfurt Stock Exchange.
Additional information about Fireweed Zinc and its projects can be found on the Company’s website at www.FireweedZinc.com and at www.sedar.com .
Additional information about Fireweed Zinc and its Macmillan Pass Zinc Project including maps and drill sections can be found on the Company’s website at www.FireweedZinc.com and at www.sedar.com.
ON BEHALF OF FIREWEED ZINC LTD.
“Brandon Macdonald”
CEO & Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements
This news release may contain “forward-looking” statements and information relating to the Company and its projects that are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, general economic conditions, changes in financial markets, pandemics, the ability to properly and efficiently staff the Company’s operations, the sufficiency of working capital and funding for continued operations, title matters, First Nations relations, operating hazards, political and economic factors, competitive factors, metal prices, relationships with vendors and strategic partners, governmental regulations and oversight, permitting, seasonality and weather, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. The Company does not undertake to update forward-looking statements or forward-looking information, except as required by law.
Contact information: Brandon Macdonald
Phone: (604) 646-8361
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/539d5060-21e0-42ed-8654-ea0ade9fc87e
White Gold Commences 2022 Diamond Drill Program
https://ca.finance.yahoo.com/news/white-gold-corp-commences-2022-120600351.html
White Gold Corp.
Mon, June 13, 2022 at 5:06 a.m.·6 min read
Figure 1
Ryan’s Trend on the White Gold Property
Figure 2
White Gold Property 2022 Diamond Drilling Overview
Figure 3
Ulli’s Ridge and Ryan’s Surprise Conceptual models
TORONTO, June 13, 2022 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the "Company") is pleased to announce the commencement of its 2022 diamond drill program at the Ryan’s Surprise and Ulli’s Ridge targets on its White Gold property. These targets occur in the southern part of a 6.5 km long north-northwest gold-arsenic geochemical trend (the “Ryan’s Trend”) and are located approximately 2 km west (Figure 1) of the Company’s flagship Golden Saddle and Arc deposits which have a combined mineral resource of 1,139,900 ounces Indicated at 2.28 g/t Au and 402,100 ounces Inferred at 1.39 g/t Au(1). The Company’s VG deposit, located approximately 11 km to the north, has an Inferred gold resource of 267,600 ounces at 1.62 g/t Au(2). This diamond drill program forms part of the Company’s 2022 fully funded $6 million exploration program on its extensive and underexplored 350,000 hectare land package in the emerging White Gold District, Yukon, supported by strategic partners including Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corporation (TSX: K, NYSE: KGC).
“We are excited to kick off our eagerly anticipated 2022 exploration program with the commencement of diamond drilling at the Ryan’s Surprise and Ulli’s Ridge targets. In 2021, maiden diamond drilling at Ulli’s discovered a significant new high-grade gold zone that we are keen to follow up on. The Ryan’s Trend has demonstrated significant potential to increase the Company’s substantial resource base in the prolific and underexplored White Gold District. The initial phase will test the extensions of the high-grade mineralized zone encountered last year and additionally test the gap area between Ryan’s Surprise and Ulli’s Ridge Zones, with the goal of further expanding the large footprint of mineralization encountered to date. The diamond drill will then be moving to the Betty property to follow up on the 2021 high grade discovery (3.46 g/t Au over 50.0m in hole BETFD21D003) and to conduct maiden diamond drilling at other targets in close proximity. Additional detail on other components of the 2022 exploration program will be released in the coming weeks,” stated David D’Onofrio, Chief Executive Officer.
Maps accompanying this news release can be found at https://whitegoldcorp.ca/investors/exploration-highlights/.
Highlights of 2022 Exploration Program on the White Gold Property Include
Approximately 2,700 m of diamond drilling is planned to further test 3 target areas (Figure 2):
Area around the newly discovered high-grade gold zone at Ulli’s Ridge, with hole WHTULR21D004 returning 6.94 g/t Au over 19.5 m.
Gap area between the Ryan’s Surprise and Ulli’s Ridge target to determine if they form part of the same mineralized zone (Figure 3).
Infill drilling at Ryan’s Surprise to provide sufficient drill spacing to conduct a potential initial mineral resource estimate.
Additional planned 2022 work on the property includes a focused prospecting program along the entire length of the 6.5 km long Ryan’s Trend, with rotary air blast (RAB) drilling of the highest priority targets scheduled in late season.
A video replay providing a detailed overview of the 2022 exploration program can be found on the Company’s website at: https://whitegoldcorp.ca/media/videos/.
The Company will be exhibiting at PDAC 2022 at booth #3333 in the Investors Exchange from June 13th to 15th from 10 a.m. to 5 p.m. ET. Conference attendees are encouraged to visit to learn more about the Company and ask any questions they may have.
Additional details on upcoming diamond drilling on the Betty Property and other components of the 2022 exploration program will be released in the coming weeks
The diamond drilling at Ryan’s Surprise and Ulli’s Ridge is expected to be carried out in 2 phases, with the initial phase targeting the high-grade gold zone at Ulli’s Ridge and the gap area between the Ryan’s Surprise and Ulli’s Ridge targets. The drill rig will then be moved south to the Company’s Betty property to complete the planned diamond drilling program at the Betty Ford and Mascot targets (see Company News Release dated May 18, 2022, available on SEDAR), before returning later in the season to complete the second phase of infill drilling at Ryan’s Surprise. Assay results for all drill programs will be released as they become available and interpreted by the Company.
About White Gold Corp.
The Company owns a portfolio of 17,584 quartz claims across 30 properties covering approximately 350,000 hectares representing over 40% of the Yukon’s emerging White Gold District. The Company’s flagship White Gold property hosts the Company’s Golden Saddle and Arc deposits which have a mineral resource of 1,139,900 ounces Indicated at 2.28 g/t Au and 402,100 ounces Inferred at 1.39 g/t Au(1). Mineralization on the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. The Company’s recently acquired VG Deposit also hosts an Inferred gold resource of 267,600 ounces at 1.62 g/t Au(2). Regional exploration work has also produced several other new discoveries and prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Newmont Corporation with Measured and Indicated Resources of 2.17 Moz at 1.46 g/t Au, and Inferred Resources of 0.50 Moz at 1.32 g/t Au(3), and Western Copper and Gold Corporation’s Casino project which has Measured and Indicated Resources of 14.5 Moz Au and 7.6 Blb Cu and Inferred Resources of 6.6 Moz Au and 3.3 Blb Cu(4). For more information visit www.whitegoldcorp.ca.
(1) See White Gold Corp. technical report titled “Technical Report for the White Gold Project, Dawson Range, Yukon Canada”, Effective Date May 15, 2020, Report Date July 10, 2020, prepared by Dr. Gilles Arseneau, P.Geo., and Andrew Hamilton, P.Geo., available on SEDAR.
(2) See White Gold Corp. technical report titled “Technical Report for the QV Project, Yukon, Canada”, Effective Date October 15, 2021, Report Date November 15, 2021, available on SEDAR.
(3) See Newmont Corporation news release titled “Newmont Reports 2021 Mineral Reserves of 93 Million Gold Ounces and 65 Million Gold Equivalent Ounces”, dated February 24, 2022: https://www.newmont.com/investors/news-release/default.aspx.
(4) See Western Copper and Gold Corporation technical report titled “Form 43-101F1 Technical Report Preliminary Economic Assessment”, Effective Date June 22, 2021, Report Date August 2, 2021 , prepared by Daniel Roth, PE, P.Eng., Mike Hester, F Aus IMM, John M. Marek, P.E., Laurie M. Tahija, MMSA-QP, Carl Schulze, P.Geo., and Daniel Friedman, P.Eng., available on SEDAR.
Qualified Person
Terry Brace, P.Geo. and Vice President of Exploration for the Company is a “qualified person” as defined under National Instrument 43-101 – Standards of Disclosure of Mineral Projects and has reviewed and approved the content of this news release.
Cautionary Note Regarding Forward Looking Information
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", “proposed”, "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the Company’s properties; future growth potential of the Company, including whether any proposed exploration programs at any of the Company’s properties will be successful; exploration results; and future exploration plans and costs and financing availability.
These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the White Gold properties; the receipt of all applicable regulatory approvals for the Offering; failure to identify any additional mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Company’s properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining and mineral exploration; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; ongoing uncertainties relating to the COVID-19 pandemic; and those factors described under the heading "Risks Factors" in the Company's annual information form dated July 29, 2020 available on SEDAR. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
For Further Information, Please Contact:
Contact Information:
David D’Onofrio
Chief Executive Officer
White Gold Corp.
(647) 930-1880
ir@whitegoldcorp.ca
To Book a Meeting with Management: https://whitegoldcorp.ca/contact/request-information/
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/76c98eeb-fb04-4156-8d17-f81c5efcca0b
https://www.globenewswire.com/NewsRoom/AttachmentNg/5f52bec0-3e62-4f54-adec-dcd13e799a79
https://www.globenewswire.com/NewsRoom/AttachmentNg/054725f5-331e-48bc-9457-aacdc149e489
Fireweed Zinc Acquires Mactung Tungsten Project
https://ca.finance.yahoo.com/news/fireweed-zinc-acquires-mactung-tungsten-145900950.html
Fireweed Zinc Ltd.
Tue, June 7, 2022 at 7:59 a.m.·15 min read
Expands Critical Minerals Portfolio
Strategic Metals Plans Geophysical Surveys at Three Highly Prospective Porphyry Copper Projects in Yukon
https://www.accesswire.com/703642/Strategic-Metals-Ltd-Plans-Geophysical-Surveys-at-Three-Highly-Prospective-Porphyry-Copper-Projects-in-Yukon
Thursday, June 2, 2022 8:00 AM
VANCOUVER, BC / ACCESSWIRE / June 2, 2022 / Strategic Metals Ltd. ("Strategic" or the "Company") is pleased to announce details concerning exploration programs it will conduct during summer 2022 at three of its wholly owned porphyry copper projects in southwestern Yukon Territory. The programs will involve geophysical surveys designed to better understand the three-dimensional geometry of the porphyry systems. Induced polarization (IP) surveys will be done at the Mint and Alotta projects, and helicopter-borne magnetic and radiometric surveys will be flown at the CD property.
"The geophysical surveys are designed to follow-up on encouraging results obtained from earlier exploration programs at these highly prospective porphyry prospects" states Doug Eaton CEO of Strategic. "The geometry of the systems is difficult to establish through surface work alone because two of the prospects are in unglaciated areas of Yukon where deep weathering and metal leaching are common, and the third is a young, high-level porphyry where erosion has exposed only the very top of the system. The information from these surveys combined with current data, will allow for three-dimensional modeling that can be tested by future drill programs."
The Mint, Alotta and CD are three of eleven porphyry projects Strategic owns within a prolific porphyry belt that extends the length of British Columbia, through western Yukon and into Alaska.
Mint Project
The Mint project is a 50 sq km property located 26 km south of the Alaska Highway. It is one of the youngest porphyry systems in Canada and is hosted in within Oligocene-age granodiorite and porphyry dykes with alteration and mineralization permeating into a nearly coeval, overlying basalt unit.
Work programs conducted by the Company since 2010 have outlined interesting geochemical and geophysical features that are centered on a zone of hydrothermal alteration, marked by a prominent gossan. Soil geochemistry has returned strong copper, gold and molybdenum values within an area about 2000 m in diameter. A prominent magnetic high that underlies the southern part of the area is flanked to the north by a zone with elevated potassium radiometrics. The northern part of the area of interest is mostly covered by talus while the southern part is blanketed by glacial and eluvial material. An IP survey that covered the southern part of the area of interest identified chargeability highs that partially coincide with the core of the magnetic high. In 2012, six relatively short, diamond drill holes tested in and around the magnetic and chargeability anomalies. Most of these holes intersected strongly fractured, phyllic altered rocks that returned moderately to strongly enriched gold values but only weakly elevated copper and molybdenum values. The best results were from the most northerly hole (M12-03), which averaged 0.204 g/t gold over its entire 331 m length, including a 53 m interval grading 0.556 g/t gold near the bottom of the hole. This hole lies just north of the magnetic high, in the southern part of the potassium radiometric anomaly.
In 2021, detailed mapping and prospecting discovered a 300 m in diameter area containing well mineralized, stockwork and sheeted quartz veining, about 800 m north of hole M12-03. This northern target lies within the potassium radiometric high and shows moderate to weak magnetic response. It was not covered by the historical IP survey. Rock samples collected in 2021 from the northern target contained much more copper and molybdenum than those collected elsewhere in the Mint porphyry system and returned strongly elevated results, including peak values of 2.3% copper, 1.365 g/t gold, 32 g/t silver and 0.337 % molybdenum.
The planned 2022 IP survey will expand coverage to include the newly discovered zone of mineralization. Once interpreted, the results should provide more information concerning lateral and vertical zonation of mineralization and alteration within the porphyry system, which will guide future drilling.
Alotta Project
The Alotta project is located 40 km south of Western Copper and Gold Corporation's Casino porphyry deposit, which hosts 2.4 billion tonnes of M&I resources containing 7.6 billion pounds of copper at 0.14% and 14.5 million ounces of gold at 0.19 g/t*.
The 15 sq km Alotta property covers a broad magnetic low that corresponds to a zone featuring high-level dykes, brecciation and pervasive phyllic and potassic alteration. This zone is developed within a large pluton that elsewhere consists of unaltered, magnetite-bearing granodiorite. The magnetic low is the result of sulphide replacement of magnetite within the altered zone.
Soil geochemical surveys conducted by the Company have outlined a very large, multi-element anomaly that closely coincides with the magnetic low. The anomaly shows classic porphyry-style metal zonation with a 4200 m long by up to 1500 m wide core of strong copper and molybdenum values flanked by high lead, zinc and silver results. High gold-in-soil values, which reach a maximum of 2680 ppb, occur throughout the entire area of grid sampling and likely relate to both the porphyry mineralization and fringing vein systems.
The Alotta project and nearby Casino deposit lie within the unglaciated portion of Yukon, which is characterized by deep weathering. The Casino deposit has been subject to intense leaching of mobile metals, which has resulted in a thick, gold-enriched but copper-depleted, leached cap that sits atop a zone of supergene, copper-enriched sulphides and deeper, hypogene sulphides. Most rocks collected from surface at Alotta contain limonite-coated pits and fractures, and sulphide minerals are rare. No holes have been drilled yet on the property, so the depth of weathering is unknown.
There is almost no outcrop on the Alotta property and most parts are heavily vegetated. Work by the Yukon Geological Survey has shown that residual rocks and soils in similar settings in western Yukon are typically blanketed by a thick but intermittent layer of eluvium and younger volcanic ash. These features, coupled with the deep weathering and localized metal leaching, hamper the effectiveness of prospecting and can dampen analytical values for mobile metals, like copper. Despite these limitations, soil geochemical sampling at Alotta has produced encouraging results and rock sampling has yielded elevated values, especially for gold. The highest values obtained to date from rock samples are 0.44% copper and 8.73 g/t gold.
The IP survey planned for the Alotta property should give some indication as to the depth of weathering and the nature alteration and mineralization in the underlying porphyry system.
CD Project
The CD project is a 277 sq km property that lies 20 km west of the road accessible, Klaza gold-silver deposit owned by Rockhaven Resources Ltd. The setting at CD resembles that of Klaza and the Casino deposit further to the north, with epithermal veins flanking a porphyry system.
The CD property was identified soon after the Casino deposit was discovered in the late 1960s, and early exploration efforts focussed on an area of strong copper-in-soil geochemistry in the lower part of a west-facing valley. A few shallow drill holes, which tested this target intersected relatively fresh unmineralized rocks.
Soil geochemical and IP surveys conducted by Strategic have identified an area of strong gold-in-soil anomalies uphill to the east of the copper anomalies, which coincide with a well-defined trend of chargeability highs and coincident resistivity lows. There is no outcrop in the area of these anomalies, and much of the area is blanketed by frozen eluvium and younger volcanic ash. Mapping of rocks taken from soil near the gold-in-soil and IP anomalies crudely outlined areas of porphyry-style alteration and brecciation. All of these rocks were strongly weathered and no residual sulphide minerals were reported.
The exploration model at the CD project envisions leaching of copper from near surface rocks located on the upper slopes and hydromorphic transport of the copper in acidic groundwater down gradient to the west, before it is reprecipitated in organic-rich soils on the nearby, valley floor. The less mobile gold would be left behind when the copper is leached, marking the source area. At the Casino deposit, there is a well-developed leached cap and an area where copper-enriched springs come to surface, creating a transported soil anomaly downstream of the deposit.
The planned helicopter-borne magnetic and radiometric surveys will be flown by Precision GeoSurveys Inc. and will compliment the earlier IP data and may help to identify lithological contacts and zonation within alteration related to the porphyry system.
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 for the purpose of National Instrument 43-101.
*Form 43-101F1 Technical Report, Preliminary Economic Assessment, Yukon, Canada. Effective date: June 22, 2021, Issue Date: August 2, 2021. Prepared by: Roth, D., Hester, M., Marek, J., Tahija, L., Schulze, C., and Friedman, D.
About Strategic Metals Ltd.
Strategic is a project generator with 11 royalty interests, 9 projects under option to others, and a portfolio of more than 100 wholly owned projects that are the product of over 50 years of focussed exploration and research by a team with a track record of major discoveries. Projects available for option, joint venture or sale include drill-confirmed prospects and drill-ready targets with high-grade surface showings and/or geochemical anomalies and geophysical features that resemble those at nearby deposits.
Strategic has a current cash position of approximately $7.3 million and large shareholdings in several active mineral exploration companies including 32.8% of Broden Mining Ltd., 34.5% of GGL Resources Corp., 31.6% of Rockhaven Resources Ltd., 19.6% of Honey Badger Silver Inc., 15.7% of Precipitate Gold Corp. and 17.2% of Silver Range Resources Ltd. All these companies are well funded and are engaged in promising exploration projects. Strategic also owns 15 million shares and 5 million warrants of Terra CO2 Technologies Holdings Inc., a private Delaware corporation which recently completed another large financing to advance its environmentally friendly, cost-effective alternative to Portland cement.
ON BEHALF OF THE BOARD
"W. Douglas Eaton"
President and Chief Executive Officer
For further information concerning Strategic or its various exploration projects please visit our website at www.strategicmetalsltd.com or contact:
Corporate Information
Strategic Metals Ltd.
W. Douglas Eaton
President and C.E.O.
Tel: (604) 688-2568
Investor Inquiries
Richard Drechsler
V.P. Communications
Tel: (604) 687-2522
NA Toll-Free: (888) 688-2522
rdrechsler@strategicmetalsltd.com
http://www.strategicmetalsltd.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 may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.
SOURCE: Strategic Metals Ltd.
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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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