KTYI, WRLG

Most of Kootenay Resources aka KTRI's properties across southern BC are optioned out, but what they call their flagship asset is the Moyle Anticline, a large tract of land which runs from a past-producing mine run by Teck south to the US border. It is notable that they keep on referring to its potential as a Tier One asset, i.e. really big with lots of metal that can be mines economically.

To that end, KTRI has completed both geophysics and mapping and sampling to identify prospecrs, and now they are going to further that process with a ZTEM geophysical survey, which along with more prospecting will allow them to select initial drill targets.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34868070

West Red Lake Gold aka WRLG announced the financing package for restarting production at the Madsen gold mine in Ontario. It was originally announced as including $48M in debt and $20M in equity, with the latter later upsized to $25M. We also get more details on the plans to restart production. They intend to start processing already extracted ore stockpiles once the PTBS is released, which is expected before the end of the year. After the stockpiles are processed they will switch to normal production mode.

Overall, I think this is a decent financing package, with the majority being debt and the equity units priced near the current WRLG share price. What is not good is the inclusion of a full rather than half warrant in each unit.

It will take a few days to see how the market evaluates the financing,

https://ca.finance.yahoo.com/news/west-red-lake-announces-financing-222900931.html

FWIW, TD has raised their gold price deck by an average of ~9%, including to $2,397/oz in 2024 (from $2,290/oz), $2,725/oz in 2025 (from $2,400/oz) and $2,200/oz LT (from $2,000). As a result, they have increased the target price for PM equities by an average of 13% (but made no rating changes).

Fireweed Files Macpass Technical Report and Announces Germanium and Gallium By-Product Elements

https://ca.finance.yahoo.com/news/fireweed-files-macpass-technical-report-180600387.html

Fireweed Metals Corp.
Fri, October 18, 2024 at 11:06 a.m. PDT 13 min read

FWEDF
-0.29%

VANCOUVER, British Columbia, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Fireweed Metals Corp. (“Fireweed” or the “Company”) (TSXV: FWZ; OTCQX: FWEDF

Goldstorm Metals Completes Surface Sampling Expanding Numerous Precious and Base Metal Zones at Electrum and Crown Properties Within the Heart of the Golden Triangle of Northwest British Columbia

https://www.newsfilecorp.com/release/226894

October 17, 2024 7:00 AM EDT | Source: Goldstorm Metals Corp.

Vancouver, British Columbia--(Newsfile Corp. - October 17, 2024) - Goldstorm Metals Corp. (TSXV: GSTM) (FSE: B2U)

VIZSLA SILVER COMPLETES ACQUISITION OF LA GARRA-METATES DISTRICT

https://www.newswire.ca/news-releases/vizsla-silver-completes-acquisition-of-la-garra-metates-district-840072237.html

News provided by Vizsla Silver Corp. Oct 17, 2024, 16:47 ET

VANCOUVER, BC, Oct. 17, 2024 /CNW/ - Vizsla Silver Corp. (TSXV: VZLA) (NYSE: VZLA) (Frankfurt: 0G3)

Bear Creek Mining Announces 10,751 Ounces of Gold and 76,939 Ounces of Silver Produced at the Mercedes Mine in Q3 2024

https://www.newsfilecorp.com/release/227033

October 18, 2024 8:00 AM EDT | Source: Bear Creek Mining Corporation

Vancouver, British Columbia--(Newsfile Corp. - October 18, 2024) - Bear Creek Mining Corporation (TSXV: BCM) (OTCQX: BCEKF) (BVL: BCM)

Buenaventura Announces Third Quarter 2024 Results for Production and Volume Sold per Metal

https://ca.finance.yahoo.com/news/buenaventura-announces-third-quarter-2024-212900393.html

Business Wire
Wed, October 16, 2024 at 2:29 p.m. PDT 7 min read

BVN
+4.20%

LIMA, Peru, October 16, 2024--(BUSINESS WIRE)--Compañía de Minas Buenaventura S.A.A. ("Buenaventura" or "the Company") (NYSE: BVN; Lima Stock Exchange: BUE.LM

Avino Reports Q3 2024 Production; Announces Date Of Q3 Earnings Call

https://www.accesswire.com/932528/avino-reports-q3-2024-production-announces-date-of-q3-earnings-call

Thursday, 17 October 2024 06:45 AM

VANCOUVER, BC / ACCESSWIRE / October 17, 2024 / Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:ASM)(FSE:GV6)

Bolt Metals Completes NI 43-101 Technical Report For Switchback Copper-Silver Property

https://thenewswire.com/press-releases/1AMqFqMQ2-bolt-metals-completes-ni-43-101-technical-report-for-switchback-copper-silver-property.html

Vancouver, B.C. – October 18, 2024 – TheNewswire – Bolt Metals Corp. (“Bolt” or the “Company”) (CSE: BOLT) (FRANKFURT: A3D8AK) (OTCQB: PCRCF)

Interra Increases Stars Property Land Packgage by 5,932 Hectares Through Staking

https://thenewswire.com/press-releases/1knDFNlGj-interra-increases-stars-property-land-packgage-by-5-932-hectares-through-staking.html

October 18, 2024 – TheNewswire - VANCOUVER, British Columbia – Interra Copper Corp. (CSE: IMCX; OTCQB: IMIMF; FRA: 3MX) (“Interra” or the “Company”) is pleased to announce that it has acquired 5,932 hectares (“ha”) of prospective ground adjoining the Stars Property (Figure 1). On October 7th Interra announced that it had entered into a mineral claims purchase agreement with Aurwest Resources Corporation to acquire a 100% right, title, and interest in the Stars Property, an early-stage porphyry copper-molybdenum discovery, covering 3,761 ha in central British Columbia. The newly staked ground adds to the overall mineral potential and strategic value of the Stars Property, covering an additional mineral showing and prominent geophysical anomaly (Figure 2), as well as nearby road-accessible areas that may have new bedrock exposures due to logging activities. The combined Stars Project claims now cover 9,693 ha.

Brian Thurston, President & CEO of Interra, commented: “We are pleased to have more than doubled the size of the Stars Property by staking. Staking in British Columbia is the most economical way to acquire mineral tenures, in this case adding shareholder value at very minimal cost. With the expanded land package we see an increased exploration upside, with the inclusion of an additional copper mineral showing, geophysical anomaly and strategic ground accessible via logging roads.”

Details of new claims:

Seven mineral claims covering 5,932 ha of ground adjoining the Stars Property (Figure 1).

Includes the “Big Dipper” magnetic anomaly, which is interpreted to be a continuation of the magnetic anomaly that defines the Stars porphyry project (Figure 2).

Includes the GSC1971-13 copper showing (Figure 2; BC MinFile #093L181), comprising malachite and chalcocite in calcite veins within red vesicular volcanic rocks of the Hazelton Group.

Includes adjacent, road accessible, under-explored ground that may have bedrock exposures that could aid in understanding the context of the Stars porphyry mineral system or be affected by extensions of that mineral system.




Click Image To View Full Size






Click Image To View Full Size



The Big Dipper Anomaly

The Big Dipper magnetic anomaly is continuous with the high magnetic intensity zone that encircles the Stars porphyry Cu-Mo mineral system (Figure 2). The magnetic high extends approximately 3.1 km to the northeast of the previous property boundary and is now fully encompassed by mineral claims 100% owned by Interra Copper (pending completion of the Stars Property purchase agreement). Drilling at the Stars porphyry has delineated an approximately 1.8 X 1.0 km area that is underlain by a large altered and weakly mineralized intrusion, with local domains of higher-grade mineralization at the Tana Zone (e.g. 0.466% Cu over 195.07 m* in drill hole DD18SS004 from 23.47 m), and the Libra Zone (e.g. 0.153% Cu over 91.45 m* in drill hole DD18SS05 from 279.50 m). Both of these mineralized zones are located in areas characterized by low magnetic intensity, encircled by the broader magnetic high. Similar domains of lower magnetic intensity surrounded by high magnetic intensity that have never been tested by drilling are present within the Big Dipper anomaly (Figure 2).

* The true width of historical drill intersections referenced in this news release are not known. Historical drill data in this news release is derived from previous exploration activities conducted by other parties. While this data may provide insights into the mineralization potential on the property, it should not be relied upon as conclusive evidence of mineral potential or project viability.

Qualified Person

Tony Barresi, Ph.D., P.Geo., the Company’s technical advisor and a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the technical information in this news release.

About Interra Copper Corp.

Interra Copper Corp. is focused on building shareholder value through the exploration and development of its two early-stage copper exploration assets located in British Columbia, Canada.

The Thane Project located in the Quesnel Terrane of Northern BC spans over 20,658 ha with 10 high-priority targets identified demonstrating significant copper and precious metal mineralization. The Company has a joint-venture agreement with an earn-in option up to 80% on the RIP Project located in Stikine Terrane in a prolific belt of Late Cretaceous rocks (Bulkley plutonic suite), known for copper-molybdenum deposits. Interra has entered into a mineral claims purchase agreement with Aurwest Resources Corporation to acquire a 100% right, title, and interest in the Stars Property, an early-stage porphyry copper-molybdenum discovery, covering 3,761 hectares in central British Columbia, now expanded by staking to cover 9,693 ha.

Interra Copper’s leadership and advisory teams are comprised of senior mining industry executives who have a wealth of technical and capital markets experience and a strong track record of discovering, financing, developing, and operating mining projects on a global scale. Interra Copper is committed to sustainable and responsible business activities in line with industry best practices, supportive of all stakeholders, including the local communities in which we operate. The Company's common shares are principally listed on the Canadian Stock Exchange under the symbol "IMCX". For more information on Interra Copper, please visit our website at www.interracoppercorp.com.

On behalf of the Board of Interra Copper Corp.

Brian Thurston, P.Geo.

Chief Executive Officer and Director

Tel: 778-949-1829

For further information contact:

Katherine Pryde

Investor Relations

investors@interracoppercorp.com

Forward Looking Information

This news release contains certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning of applicable securities legislation. 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. All statements, other than statements of historical fact, included herein, without limitation, relating to the timing for closing the Purchase Agreement, or that the Purchase Agreement will close at all, are forward-looking statements. 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 reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Interra, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, risks that Aurwest shareholders will not approve the sale of the Property, risks associated with possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with the interpretation of exploration results, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company's exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company's business and prospects. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. Interra does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.

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

Western Uranium & Vanadium Closes Property Acquisition

https://ca.finance.yahoo.com/news/western-uranium-vanadium-closes-property-131500172.html

Western Uranium & Vanadium Corp.
Tue, October 15, 2024 at 6:15 a.m. PDT·2 min read

WSTRF
-1.52%

Toronto, Ontario and Nucla, Colorado, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) (and together with its affiliates, “Western” or the “Company”) is pleased to announce that the Company has closed the transaction (the “Transaction”) announced in its October 1, 2024 news release and therefore acquired an approximately 900 acre property located in Montrose County, Colorado (the “PRC Site”). The Transaction was structured as a share purchase whereby Western acquired all the issued and outstanding shares of Pinon Ridge Corporation, the parent of a company owning the PRC Site (the “Subsidiary”).

In connection with the Transaction, the Company has filed a material change report under its profile on SEDAR+ and a Form 8-K on SEC EDGAR and has paid a creditor holding a security interest against the Subsidiary a total of approximately USD1.15 million to pay off the outstanding promissory note.

Notably, the PRC Site is the location of the prospective Pinon Ridge Mill. In May 2007 the original acquirer paid USD1.32 million for the acreage. During the following four years, over CAD11.86 million in permitting and development expenditures were incurred. While the mill was never constructed, it was fully licensed and thus provides leverage from past expenditures unique to this specific site supporting the permitting process.

As further detailed in the October 1, 2024 news release, the acquisition is the second property package Western has acquired in addition to the Maverick Minerals Processing Plant site in Utah and is part of Western’s plans for developing and licensing one or more uranium and vanadium processing facilities to process production from its resource properties in Colorado and Utah.

About Western Uranium & Vanadium Corp.

Western Uranium & Vanadium Corp. is ramping-up high-grade uranium and vanadium production at its Sunday Mine Complex. In addition to the flagship property located in the prolific Uravan Mineral Belt, the production pipeline also includes conventional projects in Colorado and Utah. The Maverick Minerals Processing Plant and Pinon Ridge Corporation processing plant will be licensed to include the kinetic separation process.

FOR ADDITIONAL INFORMATION, PLEASE CONTACT:

George Glasier



Robert Klein

President and CEO



Chief Financial Officer

970-864-2125



908-872-7686

gglasier@western-uranium.com



rklein@western-uranium.com

Ximen Mining Drilling Update: Brett Epithermal Gold Project - Vernon BC

https://www.newsfilecorp.com/release/226704

October 16, 2024 9:00 AM EDT | Source: Ximen Mining Corp.

Vancouver, British Columbia--(Newsfile Corp. - October 16, 2024) - Ximen Mining Corp. (TSXV: XIM) (FSE: 1XM) (OTC: XXMMF) (the "Company" or "Ximen") provides an update on hole 3 of its on-going drill program at the Brett epithermal gold project near Vernon in southern BC.



Drill at hole B24-03

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3028/226704_25226ba1e421eaf4_001full.jpg

Hole B24-03 has now been completed. This hole was designed to follow up on an interval from hole B04-12 that yielded 168.48 g/t Au from 148.9 to 150.2 m depth (see Figure 1).



Figure 1. Plan view of hole B24-03 (left) and cross-section (right). The purpose is to follow up on an interval from hole B04-12 that yielded 168.48 g/t Au from 148.9 to 150.2 m depth.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3028/226704_25226ba1e421eaf4_002full.jpg

Hole B24-03 intersected a clay-pyrite altered zone from 37.89 to 39.65m (1.76m) with 5% disseminated pyrite, which overlaps the contact of a porphyry dike intersected from 39.52-45.27m that contains amethystine quartz veinlets (porphyry dike is altered). In the footwall of the dike the hole passed into tuff to 85.14m, then back into mixed tuff, breccia and massive volcanic. A second porphyry dike was intersected from 127.51-136.26m that contains minor amethystine quartz veinlets, with a clay altered zone on its footwall contact from 135.82-136.26 (0.44m) with 2% pyrite. A third clay altered zone was intersected at 146.26-147.3 (1.04m) with 2% pyrite on the upper contact of another porphyry dike that was intersected from 144.73-148.45m. A fourth clay altered zone was intersected in the volcanic rock from 150.96-151.8 (0.84m) with 2% pyrite. Hole ended at 155m. The target zone correlates with the altered zone between 146.26 and 147.30 meters.

The Brett project (20,043 hectares) covers low-sulfidation epithermal-style gold mineralization hosted in Eocene Penticton Group volcanic rocks. Epithermal-style gold mineralization was discovered in 1983, and a 291 tonne surface bulk sample was shipped to the smelter at Trail, BC in the 1990's that averaged 27.74 grams per tonne gold and 63.7 grams per tonne silver (Brett 2017 NI 43-101 report). Multiple zones of mineralization occur over a two kilometer strike, including both bulk-mineable and bonanza high grade styles. Ximen conducted LiDAR and airborne magnetic surveys over parts of the Brett property in 2022. Interpretation, 3D modeling, and target refinement were then completed in preparation for the 2024 drilling program.

The overall objective of the drill program is to extend the Main Zone to the southeast and at depth, and to test for extensions to the New Discovery Zone (located east of the Main Zone).



Map of Mineralized Zones at the Brett Project

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3028/226704_25226ba1e421eaf4_003full.jpg

Readers are cautioned that historical records referred to in this News Release have been examined but not verified by a Qualified Person. Further work is required to verify that historical records referred to in this News Release are accurate.

Dr. Mathew Ball, P.Geo., VP Exploration for Ximen Mining Corp. and a Qualified Person as defined by NI 43-101, approved the technical information contained in this News Release.

On behalf of the Board of Directors,

"Christopher R. Anderson"

Christopher R. Anderson,
President, CEO and Director
604 488-3900

Investor Relations: 604-488-3900, ir@XimenMiningCorp.com

About Ximen Mining Corp.



Ximen Mining Corp. owns 100% interest in three of its precious metal projects located in southern BC. Ximen's two Gold projects, The Amelia Gold Mine and The Brett Epithermal Gold Project. Ximen also owns the Treasure Mountain Silver Project adjacent to the past producing Huldra Silver Mine. Currently, the Treasure Mountain Silver Project is under an option agreement. The option partner is making annual staged cash and stocks payments as well as funding the development of the project. The company has also acquired control of the Kenville Gold mine near Nelson British Columbia which comes with surface and underground rights, buildings and equipment.

Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM, in the USA under the symbol XXMMF, and in Frankfurt, Munich, and Berlin Stock Exchanges in Germany under the symbol 1XMA and WKN with the number as A2JBKL.

This press release contains certain "forward-looking statements" within the meaning of Canadian securities This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including statements regarding the receipt of TSX Venture Exchange approval and the exercise of the Option by Ximen. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the possibility that the TSX Venture Exchange may not accept the proposed transaction in a timely manner, if at all. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects.

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

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.

Ximen Mining Corp
888 Dunsmuir Street - Suite 888, Vancouver, B.C., V6C 3K4 Tel: 604-488-3900

SOURCE: Ximen Mining Corp.

Appia Announces the Commencement of an Airborne Gravity Gradiometer and Magnetic Survey over Its Otherside Uranium Prospect, Athabasca Basin, Saskatchewan, Canada

https://www.newsfilecorp.com/release/226912

October 17, 2024 9:29 AM EDT | Source: Appia Rare Earths & Uranium Corp.

Toronto, Ontario--(Newsfile Corp. - October 17, 2024) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FWB: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is pleased to announce the commencement of an airborne Gravity Gradiometer and Magnetic Survey over its Otherside Property (Figure 1), located within the prolific uranium-bearing Athabasca Basin of Saskatchewan, Canada. This survey will be conducted by Xcalibur Smart Mapping, utilizing their state-of-the-art Falcon Airborne Gravity Gradiometer (AGG) technology to further explore the potential for uranium deposits.

The goal of this airborne survey is to leverage gravity and magnetic geophysics to reveal significant lithostructural contrasts in the subsurface rocks, allowing Appia to identify key anomalies that may lead to uranium discoveries. This survey is a critical step in Appia's ongoing exploration efforts, providing additional data to guide drilling decisions.

The Otherside Property is notably positioned along a 40 km-long corridor hosting several electromagnetic (EM) conductors, sharing geological and geophysical features similar to other high-grade uranium plays of the western Athabasca Basin such as Fission Uranium Corp's Triple R and NexGen Energy's Arrow deposits.

Stephen Burega, President, states: "Our team is excited to commence the Airborne Gravity Gradiometer and Magnetic survey at our Otherside property. Using cutting-edge technology to identify geophysical signatures that could lead to uranium discoveries, this survey marks a significant step in our exploration efforts and provides an encouraging follow-up to the recent uranium and rare earth exploration programs at our Eastside and Loranger properties."

Appia's exploration team will utilize the data gathered from this survey to further refine the geological model of the Otherside Property and identify its priority drill targets. The Otherside Property's geological setting, combined with the anticipated detailed insights from the Falcon AGG survey, positions Appia to make significant advancements in the search for potential uranium deposits within the Athabasca Basin.



Figure 1 - Proposed Flight Plan of Appia's Airborne Gravity Gradiometer & Magnetic Survey over the Otherside Property - Athabasca Basin, SK

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/226912_dfa3b0538488fbf5_001full.jpg

About the Otherside Project

The Otherside Project is strategically located within the prolific, uranium-bearing Athabasca Basin of Saskatchewan, Canada. This area is renowned for its significant uranium deposits, its surrounding rare earth element plays, and favorable geological conditions that have historically led to major high-grade uranium discoveries.

The Otherside Property shares similar geological and geophysical signatures to known high-grade, large-tonnage uranium deposits in the western Athabasca Basin, including Fission Uranium Corp's Triple "R" and NexGen Energy's "Arrow" deposits. Such signatures include long structural corridors hosting multiple, discrete conductors with associated magnetic gradients and gravity low areas.

Otherside's property area is 8,436 hectares and is 100% owned by Appia.

The technical content in this news release was reviewed and approved by Dr. Irvine R. Annesley, P.Geo., Senior Technical Advisor for Appia and a Qualified Person as defined by National Instrument 43-101.

About Appia Rare Earths & Uranium Corp. (Appia)

Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The Company holds the right to acquire up to a 70% interest in the PCH Ionic Adsorption Clay Project (See June 9th, 2023 Press Release - Click HERE) which is 40,963.18 ha. in size and located within the Goiás State of Brazil. (See January 11th, 2024 Press Release - Click HERE) The Company is also focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property, and exploring for high-grade uranium in the prolific Athabasca Basin on its Otherside, Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 94,982.39 hectares (234,706.59 acres) in Saskatchewan. The Company also has a 100% interest in 13,008 hectares (32,143 acres), with rare earth elements and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario.

Appia has 136.8 million common shares outstanding, 145.5 million shares fully diluted.

Cautionary note regarding forward-looking statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not a guarantee of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

For more information, visit www.appiareu.com

As part of our ongoing effort to keep investors, interested parties and stakeholders updated, we have several communication portals. If you have any questions online (X,?Facebook,?LinkedIn)?please feel free to send direct messages.

To book a one-on-one 30-minute Zoom video call, please?click here.

Contact:

Tom Drivas, CEO and Director
(c) (416) 876-3957
(f) (416) 218-9772
(e) tdrivas@appiareu.com

Stephen Burega, President
(c) (647) 515-3734
(e) sburega@appiareu.com

SOURCE: Appia Rare Earths & Uranium Corp.

Canadian Critical Minerals Generates USD$179,000 in Revenue from Bull River Mine

https://www.newsfilecorp.com/release/226824

October 16, 2024 1:10 PM EDT | Source: Canadian Critical Minerals Inc.

Calgary, Alberta--(Newsfile Corp. - October 16, 2024) - Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ("CCMI" or the "Company") is pleased to report revenues for the Company from the sale of stockpiled copper, gold and silver mineralized material at the Bull River Mine ("BRM") project near Cranbrook, BC. During the month of September 2024, the Company trucked 879 dry metric tonnes ("dmt") of sorted mineralized material to New Afton and the Company received a provisional payment of approximately USD$179,000 for the September 2024 shipments. The mineralized material sent to New Afton graded 2.89% Cu, 0.79 g/t Au and 23.4 g/t Ag.

The Company continued to crush and screen the surface stockpile using a larger crushing and screening plant throughout the month. As of October 5th, 2024, the contractor had completed crushing and screening of the remaining material from the original 180,000 tonne surface stockpile. To-date the Company has shipped approximately 4,000 tonnes of mineralized material to New Afton under the Ore Purchase Agreement ("OPA"). Currently the Company has approximately 80,000 tonnes of coarse material that is available for sorting through the Steinert KSS 100 ore sorter prior to shipping to New Afton. There are approximately 36,000 tonnes of rejects from the ore sorting process that are being stockpiled on surface as an initial feed for the BRM mill. Rejects continue to grade between 0.4% Cu and 1.0% Cu. Hence all rejects can be economically processed in future at the BRM once the Company has received permission to restart the mill. Additionally, the Company has stockpiled approximately 60,000 tonnes of fines material that is too fine to be sent to the sorter. Fine material is expected to grade at 1.39% copper, 0.29 g/t gold and 11 g/t silver representing the average run of mine material in the original surface stockpile. The cut off grade ("COG") for milling copper mineralized material at the BRM that is already on surface is 0.4% Cu. Hence both the rejects and fines have sufficiently high enough grade to provide an economic feed to the BRM mill in future. Should metal prices continue to improve, the Company may send a portion of the fines to New Afton to generate additional revenues in the near term.

Ian Berzins, President and CEO of CCMI commented, "Revenues from September 20024 are the second highest monthly total since we implemented the OPA in January 2024. We greatly appreciate the safe and efficient operation of the crushing and screening plant by Tyalta Industries Inc. during processing of the surface stockpile."

Qualified person

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

About Canadian Critical Minerals Inc.

CCMI is a mining company primarily focused on two near-term copper production assets in Canada. CCMI's main asset is the 100% owned Bull River Mine project (>135 million lbs of copper) near Cranbrook, British Columbia which has a Mineral Resource containing copper, gold and silver. CCMI also owns a 30% interest in the Thierry Mine project (>1.3 billion lbs of copper) near Pickle Lake, Ontario which has a Mineral Resource containing copper, nickel, silver, palladium, platinum and gold.

Contact Information
Canadian Critical Minerals Inc.
Ian Berzins
President & Chief Executive Officer
M: +1-403-512-8202
E: iberzins@canadiancriticalmineralsinc.com
Website: www.canadiancriticalmineralsinc.com

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

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

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

SOURCE: Canadian Critical Minerals Inc.

First Majestic Produces 5.5 Million AgEq Oz in Q3 2024 Consisting of 2.0 Million Silver Ounces and 41,761 Gold Ounces

https://www.newsfilecorp.com/release/226883

October 17, 2024 7:00 AM EDT | Source: First Majestic Silver Corp.

Vancouver, British Columbia--(Newsfile Corp. - October 17, 2024) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV)

Aftermath Silver's Berenguela Metallurgical Testwork Yields High Silver Recoveries

https://www.newsfilecorp.com/release/226771

October 16, 2024 8:30 AM EDT | Source: Aftermath Silver Ltd.

Vancouver, British Columbia--(Newsfile Corp. - October 16, 2024) - Aftermath Silver Ltd. (TSXV: AAG) (OTCQX: AAGFF) (the "Company" or "Aftermath Silver") is pleased to provide an update on recent metallurgical studies at the Company's Berenguela Silver-Copper-Manganese project in southern Peru ("Berenguela").

The results show a recovery of 95% silver and 89% silver respectively for the 2 composites tested. The standard leach process shows no interference from manganese or other metals. Cyanide consumption is less than 1 kg per oz of silver recovered, indicating this is not a significant cost or technical issue. Test work to complete the flowsheet details on Aftermath's Berenguela project is continuing at Kappes Cassiday and Associates' (KCA) Reno facility. Recent work has focused on silver extraction from two composite samples RD2MINA (KCA test 100164) and RD4LOWA (KCA test 100166). Work is continuing on additional composite samples of mineralization.

Michael Williams, Aftermath's Executive Chairman commented: "We are extremely pleased with the metallurgical results to date, as we have demonstrated that we can potentially produce a battery grade manganese sulphate product and the recoveries of the silver and manganese to date are high. As we move into the next phase of our metallurgical test work, we look forward to scaling up the work. The next stage of our metallurgical test work is advancing and includes preliminary process and sizing studies for plant design purposes."

The basic flowsheet involves acid leaching of the mineralization using sulfuric and sulfurous acids to dissolve Cu, Mn, Fe, and Zn, then purifying this solution with the objective of producing silver, copper and High Purity Manganese Sulfate Monohydrate (HPMSM). Flowsheet steps to accomplish this have been completed, and HPMSM has been made from three ore composites which represent over 65% of the resource. The acid leach processes dissolve less than 1% of the silver in the mineralization hence the tailings from the acid leach process will be sent to a standard cyanide leach plant.

The current test program builds on metallurgical work carried out by KCA in 2010. Details of the historic test flowsheets and results are summarized in Section 13 of the Aftermath Technical Report "Berenguela Mineral Resource Estimate NI 43-101 Aftermath Silver Ltd. Province of Lampa, Department of Puno, Peru", dated March 30, 2023, prepared by AMC Consultants available here or on Aftermath's website at the link below:

https://www.aftermathsilver.com/site/assets/files/5843/722031-aftermath-berenguela-mineral-resource-estimate.pdf

Sixteen composite samples weighing over 6 tonnes in total were selected from Aftermath's metallurgical drilling program and delivered to KCA's laboratory in Reno. The composites represent the key geometallurgical domains which cover all mineralization types encountered and form the basis of the current metallurgical processing campaign. Test work is being performed individually or on blends of the samples.

Warrants

The Company is also pleased to announce that 6,535,487 of its outstanding warrants to purchase common shares of the Company have been exercised since June 1, 2024 for cash proceeds to the Company of C$1,795,453. The Company intends to use the net proceeds to complete geological, metallurgical and engineering studies at the Company's Berenguela Silver-Copper-Manganese project in southern Peru and for general working capital purposes.

Stock Option Grant Correction

The Company wishes to clarify disclosure in its press release dated September 4, 2024 announcing the granting of stock options ("Options") and restricted share units ("RSUs") to purchase common shares of the Company to certain officers, employees and consultants pursuant to the Company's stock option plan.

The Company granted a total of 5,275,000 stock options ("Options") -not 5,025,000 as originally stated- to purchase common shares of the Company to certain officers, employees and consultants pursuant to the Company's stock option plan. Such options are exercisable into common shares of the Company at an exercise price of Cdn$0.35 per common share for a period of five years from the date of grant. The stock options are subject to regulatory approval, will vest over a period of twelve months and are granted under the Company's stock option plan.

The Company issued restricted share units ("RSUs") to certain directors, officers and employees of the Company in accordance with the Company's Restricted Share Unit Plan ("RSU Plan"). The vesting terms in the September 4, 2024 news release should have stated that the RSUs vest 1/3 after 12 months from the date of the grant and 1/3 annually thereafter and will fully vest on the date that is three years from the date of grant. Once vested, each RSU represents the right to receive one common share of the Company or the equivalent cash value thereof, at the Company's discretion.

Berenguela Project: Background

The Company has an option to acquire a 100% interest in Berenguela through a binding agreement with SSR Mining.
Berenguela hosts a potentially open- pittable silver-copper-manganese Mineral Resource close to Santa Lucia in Puno province, southern Peru.
Silver, copper and manganese have crucial industrial applications in the clean energy and battery spaces. Copper and manganese have been designated critical metals by the US government and the European Union.
The project is less than 6km from road, rail and power lines and 4 hours from Arequipa by sealed road.
Aftermath published a resource estimate in March 2023 based on over 300 core and RC holes.
Metallurgical test work is underway adding to historic work, with the goal of producing silver and copper metal and a commercial battery-grade or fertilizer-grade manganese product.

Qualified person

Michael Parker, a Fellow of the AusIMM and a non-independent director of Aftermath, is a non-independent qualified person, as defined by National Instrument 43-101. Mr. Parker has reviewed the technical content of this news release and consents to the information provided in the form and context in which it appears.

Dan Kappes, a Registered Professional Engineer (Mining Engineer #3223, Metallurgical Engineer #3223) in the State of Nevada, USA, and Founder and President of Kappes, Cassiday & Associates, is the qualified person set out in National Instrument 43-101 (NI 43-101) responsible for overseeing the design and execution of the metallurgical test program and has reviewed and approved the contents of this release.

About Aftermath Silver Ltd.

Aftermath Silver Ltd. is a leading Canadian junior exploration company focused on silver, and aims to deliver shareholder value through the discovery, acquisition and development of quality silver projects in stable jurisdictions. Aftermath has developed a pipeline of projects at various stages of advancement. The Company's projects have been selected based on growth and development potential.

Challacollo Silver-Gold project. The Company owns a 100% interest in the Challacollo silver-gold project. A NI 43-101 Mineral Resource was released on December 15, 2020 (available on SEDAR+ and the Company's web page). The Company is currently completing environmental permitting in anticipation of an upcoming drill program.

Cachinal Silver-Gold project. The Company owns a 100% interest in the Cachinal Ag-Au project, located 2.5 hours south of Antofagasta. On September 16, 2020, the Company released a CIM compliant Mineral Resource and accompanying NI 43-101 Technical Report (available on SEDAR+ and on the Company's web page).

ON BEHALF OF THE BOARD OF DIRECTORS

"Ralph Rushton"

Ralph Rushton
CEO and Director
604-484-7855

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

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including the completion and anticipated results of planned exploration activities, the anticipated use of proceeds from the Private Placement and receipt of regulatory approvals with respect to the Private Placement. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connation thereof.

Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company will use the proceeds of the Private Placement as anticipated, and that the Company will receive regulatory approval with respect to the Private Placement. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

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. Important factors that could cause actual results to differ materially from the Company's plans or expectations include the risk that the Company will not use the proceeds of the Private Placement as anticipated, that the Company will not receive regulatory approval with respect to the Private Placement, risks relating to the actual results of current exploration activities, availability of capital and financing, general economic, market or business conditions, and regulatory changes.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

The Company 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: Aftermath Silver Ltd.

Uranium Energy Corp Increases Licensed Production Capacity to 4 Million Pounds of U3O8 per year at the Irigaray Processing Plant

UEC will have a U.S. industry-leading, three hub-and-spoke production platforms in Wyoming and Texas

12.1 million pounds of U3O8 per year of combined U.S. licensed production capacity, upon closing the previously announced acquisition of Rio Tinto's Wyoming Assets

https://www.newswire.ca/news-releases/uranium-energy-corp-increases-licensed-production-capacity-to-4-million-pounds-of-u3o8-per-year-at-the-irigaray-processing-plant-821944312.html

News provided by Uranium Energy Corp Oct 17, 2024, 06:45 ET

NYSE American: UEC

CASPER, Wyo., Oct. 17, 2024 /CNW/ - Uranium Energy Corp (NYSE American: UEC) (the "Company" or "UEC") is pleased to announce that it has received approval from the Wyoming Department of Environmental Quality, Uranium Recovery Program, to increase the licensed production capacity at its Irigaray Central Processing Plant to 4.0 million pounds of U3O8 annually.

The Irigaray Plant serves as the cornerstone of UEC's hub-and-spoke production strategy in the Powder River Basin of Wyoming. The facility supports four of UEC's fully permitted uranium in-situ recovery ("ISR") satellite projects in the area, including the producing Christensen Ranch project. Engineering work is already underway and certain key equipment, including a filter press, has been acquired to increase the plant's output.

Amir Adnani, President and CEO, commented, "The expansion of Irigaray's licensed annual capacity to 4.0 million pounds is a major achievement and comes at the perfect time with compelling industry drivers. The extraordinary growth in nuclear power in the U.S. is creating a new demand paradigm for uranium supply from stable domestic sources. Big tech companies, like Amazon, Google, Microsoft and Oracle, are making significant financial commitments for nuclear energy to provide the electricity needed to power data centers. This approach to invest directly into nuclear generation infrastructure reflects the realization that nuclear energy provides safe, highly reliable, economic and clean energy."

Mr. Adnani continued: "This latest milestone also reflects the hard work and dedication of the UEC team, who have been focused on expanding our capabilities at Irigaray and ramping-up production at Christensen Ranch. Looking ahead, the anticipated closing of the acquisition of Rio Tinto America's Wyoming assets will provide an industry leading, third production platform in the U.S. that will allow us to maximize the full potential of our Great Divide Basin projects."

Brent Berg, Senior Vice President of U.S. Operations, added, "This licensing milestone represents a critical advance in strengthening our domestic uranium production. It allows us to fully capitalize on the various additional near-term production opportunities in our Powder River Basin ISR portfolio where UEC has aggregate estimated resources of 62,329,200 lbs U3O8 in the measured and indicated category and 10,724,700 lbs U3O8 in the inferred category."(1)

Additionally, the Company announces that it has engaged Stantec, of Chandler, Arizona, to provide engineering services, process design optimization, capital cost estimates, and a project execution schedule for its planned Powder River Basin production expansion. Stantec is a global leader in engineering, design, project delivery and environmental sustainability.

As previously announced on September 23, 2024, UEC reached a landmark deal with Rio Tinto which will give the Company a third hub-and-spoke production platform in Wyoming's Great Divide Basin. The acquisition includes the Sweetwater Plant, with a licensed capacity of 4.1 million pounds of U3O8 per year, along with a portfolio of uranium projects that will add 175 million pounds of historic resources to UEC's existing resource base(2).

In addition to the two hub-and-spoke platforms in Wyoming, UEC also operates an ISR hub-and-spoke production platform in South Texas centered around the Hobson Central Processing Plant, with a licensed capacity of 4 million pounds of U3O8 annually.




Note:


1.

S-K 1300 Mineral Resource Report Wyoming Hub and Spoke ISR Project, WY, USA dated September 13, 2022, Western Water Consultants, Inc.

2.

Based upon internal studies and other historic data prepared by prior owners in regards to the projects and dated between 1984 and 2019. Such estimates are being treated by the Company as historical in nature and a qualified person has not done sufficient work to classify the historical estimates as current mineral resources. The Company is not treating them as current resource estimates and is disclosing these historic estimates for illustrative purposes and to provide readers with relevant information regarding the projects. In addition, such estimates were not prepared under S-K 1300 standards and the results of future estimates by the Company may vary from these historic estimates.




Qualified Person

The technical information in this news release has been reviewed and approved by Dayton Lewis, P.Geo., UEC's V.P. - Wyoming Resource Development, who is a Qualified Person for the purposes of SEC Regulation S-K 1300.

About Uranium Energy Corp

Uranium Energy Corp is America's largest and fastest growing supplier of uranium needed to produce safe, clean, reliable nuclear energy. UEC is advancing the next generation of low-cost, environmentally friendly ISR mining uranium projects in the United States and high-grade conventional projects in Canada. The Company has two production-ready ISR hub and spoke platforms in South Texas and Wyoming. These two production platforms are anchored by fully operational Central Processing Plants ("CPPs") and served by seven U.S. ISR uranium projects with all their major permits in place. In August 2024, production began at the Christensen Ranch project in Wyoming, sending uranium loaded resin to the CPP at Irigaray (Wyoming hub). Additionally, the Company has diversified uranium holdings including: (1) one of the largest physical uranium portfolios of U.S. warehoused U3O8; (2) a major equity stake in Uranium Royalty Corp., the only royalty company in the sector; and (3) a Western Hemisphere pipeline of resource stage uranium projects. The Company's operations are managed by professionals with decades of hands-on experience in the key facets of uranium exploration, development and mining.

Stock Exchange Information:
NYSE American: UEC
WKN: AØJDRR
ISN: US916896103

Safe Harbor Statement

Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable United States and Canadian securities laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans, "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of exploration activities, variations in the underlying assumptions associated with the estimation or realization of mineral resources, future mineral resource estimates may vary from historic estimates, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations on insurance coverage. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Many of these factors are beyond the Company's ability to control or predict. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company's filings with the Securities and Exchange Commission. For forward-looking statements in this news release, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities.

SOURCE Uranium Energy Corp

Contact Uranium Energy Corp Investor Relations at: Toll Free: (866) 748-1030, Fax: (361) 888-5041, E-mail: info@uraniumenergy.com

Tinka Provides Project Update Including Review of Key Geological Controls at Ayawilca

https://www.accesswire.com/932467/tinka-provides-project-update-including-review-of-key-geological-controls-at-ayawilca

Wednesday, 16 October 2024 04:05 PM

VANCOUVER, BC / ACCESSWIRE / October 16, 2024 / Tinka Resources Limited ("Tinka" or the "Company") (TSXV:TK)(BVL:TK)(OTCQB:TKRFF)

Kootenay Resources Announces Airborne ZTEM Geophysical Survey at Moyie Anticline Property and Announces Private Placement

https://www.newswire.ca/news-releases/kootenay-resources-announces-airborne-ztem-geophysical-survey-at-moyie-anticline-property-and-announces-private-placement-806073294.html

News provided by Kootenay Resources Inc. Oct 17, 2024, 07:00 ET

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

VANCOUVER, BC, Oct. 17, 2024 /CNW/ - Kootenay Resources Inc. (TSXV: KTRI) (the "Company" or "Kootenay") is pleased to announce a helicopter-borne ZTEM geophysical survey at its flagship Moyie Anticline Property in southeastern British Columbia has commenced.

The survey was designed and implemented by Geotech Ltd. and is planned to cover 16,500 hectares at the large Moyie Anticline project (the "Moyie Anticline Project"), prospective for discovery of a large base metal +/- silver deposit.

The airborne geophysical survey is follow-up to refine and expand on very successful results from two previous Magnetotellurics ("MT") surveys and detailed surface limonite sampling that identified several targets with Tier One discovery potential. The purpose of the survey is to provide sufficient detail and resolution to assist in prioritizing drill targets on our quest to make a Tier One discovery.

The Moyie Anticline Project extends from just east of the historical St Eugene Mine (Teck) on the shores of Moyie Lake southward to the US border. The Company's exploration concept is to utilize new cutting-edge applications of old and new technologies to evaluate fertile, yet under-explored mineral belts with the potential to host giant "Tier One" metal deposits. The Moyie Anticline and Purcell Basin in general is a region long considered prospective for the discovery of large base metal deposits, evidenced by such deposits as the world-famous Sullivan deposit, to the north in Kimberley, BC.

Kootenay continues to develop and utilize its innovative limonite geochemical data program to complement MT targets and the property as a whole. The method employs hand-held XRF technology in analysing oxide coatings on fracture planes from rock samples. The resulting dataset provides a novel method for defining geochemical signatures and anomalies in areas where overlying rocks may otherwise mask or return zero values for pathfinder and indicator elements.

Additionally, the Company is pleased to announce that it intends to complete on a best-efforts basis, a non-brokered private placement (the "Private Placement") for aggregate gross proceeds of up to $200,000. The Private Placement will consist of a combination of non-flow-through and flow-through common shares.

Under the Private Placement, the Company will offer, non-flow-through common shares at a price of $0.075 per share and flow-through common shares at a price of $0.10 per share, raising aggregate combined gross proceeds of up to $200,000. Proceeds received from the Private Placement will be used for the development of the Company's Moyie Anticline Project, other resource properties (eligible for "Canadian exploration expenses, which are flow-through mining expenditures) and general working capital requirements.

The securities to be issued under the Private Placement will be offered by way of private placement in each of the provinces of Canada, other than Quebec, and such other jurisdictions as may be determined by the Company, in each case, pursuant to applicable exemptions from the prospectus requirements under applicable securities laws.

The Private Placement is anticipated to close on or before November 22, 2024 ("Closing") and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals. The common shares to be issued under the Private Placement will have a hold period of four months and one day from Closing.

In connection with the Private Placement, arms-length finders may receive a cash fee in respect to their subscribers equal to 6.0% of the gross proceeds.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

Background

Kootenay Resources Inc explores for and advances early-stage mineral exploration properties with the potential to host Tier One, (large to very large) mineral resources. The company is exploring its flagship Moyie Anticline property in southern British Columbia and on its generative program including several promising gold-silver-copper properties in the Nechako plateau of central British Columbia. Kootenay welcomes partners for exploration projects and currently has two mineral properties under option to Thompson River Metals Company, a fully owned subsidiary of Centerra Gold Inc. and three early-stage exploration projects under option to fellow junior exploration company Rokmaster Inc.

Qualified Persons

The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed and approved on behalf of Kootenay by Dale Brittliffe, P.Geo, V.P. Exploration for Kootenay, a Qualified Person.

About Kootenay Resources Inc.

KTRI is an exploration company actively engaged in the exploration and discovery mineral projects in British Columbia, Canada. The Company was formed as a spin-out of Kootenay Silver Inc in which prospective Canadian assets were transferred to Kootenay Resources Inc. The transaction was completed in October of 2021, Kootenay Silver currently holds 3.2 million common shares of Kootenay Resources.

On behalf of the board of directors of the Company:

James McDonald,
Director

No Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:

The information in this news release has been prepared as at October 16, 2024. Certain statements in this news release, referred to herein as "forward-looking statements", constitute "forward-looking statements" under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as "expected", "may", "will" or similar terms.

Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Kootenay as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as otherwise required by law, Kootenay expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Kootenay 's expectations or any change in events, conditions or circumstances on which any such statement is based. More particularly, this news release contains statements concerning the anticipated Private Placement. Accordingly, there is a risk that the Private Placement will not be completely sold, or the Private Placement will be completed within the anticipated time or at all.

SOURCE Kootenay Resources Inc.

For additional information, please contact: James McDonald, Director at 403-880-6016; Raj Kang, Director at 604-601-5650

SNAG, ARK, RRI, IAU

Silver North Resources aka SNAG announced the completion of this year's limited drilling at its Haldane prospect in the Keno Hill district in Yukon, where they are looking for classic Keno-style Ag/Pb/Zn mineralization. Although one hole had to be abandoned due to deteriorating weather, even before assays SNAG is declaring the other two holes a success in that they established a new target along the Main Fault. Of course, good assays results wouldn't hurt...

So now we are awaiting SNAG assays from both Haldane and the Tim JV with Coeur.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34866405

Arras Minerals aka ARK announced the latest round of exploration non its Bozshakol properties in Kazakhstan, part of an an exploration alliance with Teck looking for large Cu/Au porphyries. The difficulty with exploring these properties is that the mineralization is buried under cover, but that also means it is largely unexplored using modern techniques, such as the Vector Array Induced Polarization survey now underway on two areas of the properties. Once this survey is complete and integrated with the results of previous exploration to derive drill targets, we'll hear about the next round of exploration.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34866428

Prospect generator Riverside Resources aka RRI released an update on Duc, one of its prospect sin the Wawa gold belt in Ontario. The key to finding gold in this area is identifying structural control, and recently completed Lidar and Orthophoto surveys together with previously completed mapping and sampling and geophysicswill be used to identify areas to be followed up with further exploration, and eventually, it warranted, drilling.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34866555

The only news from Nevada gold explorer i-80 Gold aka IAU is that it has been two months with no release of exploration results, which is very unusual for this company, though perhaps it has something to do with the new CEO hired last month. It is also noticeable that there have been no further updates on the JV for Ruby Hill they are supposedly working on. Inquiring minds want to know...

Moon River Moly Announces Results of Chemical and Mineralogical Analysis at the Davidson Molybdenum Project

https://www.newsfilecorp.com/release/226724

October 16, 2024 7:00 AM EDT | Source: Moon River Moly Ltd.

Toronto, Ontario--(Newsfile Corp. - October 16, 2024) - Moon River Moly Ltd. (TSXV: MOO)

Yukon Metals Announces 2.4% Copper and Gold Values up to 6.64 g/t in Multiple Rock-Chip Samples at Birch

https://ca.finance.yahoo.com/news/yukon-metals-announces-2-4-130000778.html

Yukon Metals Corp.
Wed, October 16, 2024 at 6:00 a.m. PDT·8 min read

YMMCF
-7.85%

VANCOUVER, British Columbia, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Yukon Metals Corp. (CSE: YMC, FSE: E770, OTCQB: YMMCF),

Doubleview Announces First Drill Results of This Season

Highlights:
62.0m of 1.12% Cu, 0.79 g/t Au, and 23.9 g/t Sc (1.81 % CuEq*, not incl. Sc)
in 154.0m of 0.66% Cu, 0.46 g/t Au, and 24 g/t Sc (1.07% CuEq*, not incl. Sc)

https://www.newsfilecorp.com/release/226781

October 16, 2024 5:00 AM EDT | Source: Doubleview Gold Corp.

Vancouver, British Columbia--(Newsfile Corp. - October 16, 2024) - Doubleview (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4)

Solis Completes Magnetometry Survey at Cinto

HIGHLIGHTS

Magnetic anomaly recognised on batholith margin
Coincident WorldView 3 remote sensing and magnetic anomalies
Clear zones of interest identified for follow-up IP for drill targeting
First-pass drill program anticipated for 2025

https://www.newsfilecorp.com/release/226681

October 15, 2024 12:43 PM EDT | Source: Solis Minerals Ltd.

West Leederville, Western Australia--(Newsfile Corp. - October 15, 2024) - Latin American focused copper-gold explorer, Solis Minerals Limited (ASX: SLM)

Bayridge Resources Drilling Update at Waterbury East Project

https://www.newsfilecorp.com/release/226752

October 16, 2024 6:00 AM EDT | Source: Bayridge Resources Corp.

Vancouver, British Columbia--(Newsfile Corp. - October 16, 2024) - Bayridge Resources Corp. (CSE: BYRG) (OTCQB: BYRFF) (FSE: O0k) ("Bayridge") has completed the first two holes of its fall 2024 drilling program at its 1,337 ha Waterbury East uranium project in Canada's Athabasca Basin. Saf Dhillon, Bayridge President & CEO, toured the property last week and also met with representatives of the Ya'Thi Néné Land and Resource Office in Saskatoon.

The first two holes, WB24-001 and WB24-002, tested the strike projection to the east and west of the CanAlaska 2006 drill hole WAT005 which encountered a 17.0 m zone of anomalous basement-hosted uranium enrichment, containing a highlight value of 324 ppm U over 0.6 m in a structurally controlled zone. VTEM interpretation by in3D Geoscience suggests 2006/2007 drilling of the VTEM conductor was actually short of the conductor and also the strength of the conductor may be stronger than previously thought. *Readers are cautioned that Bayridge has not verified the historical 2006 drill results.

"TerraLogic Exploration has been doing a great job as Project Manager and Bryson Drilling have been providing a well run drilling program as witnessed during our trip to Waterbury East," commented President and CEO, Saf Dhillon. "We are pleased with the drill progress and anticipate completion of our fully funded phase I program by month's end," he continued. "The recent upswing in uranium prices is coinciding quite well with the timing of our program and we hope to release preliminary results late in Q4," he concluded.

Drilling has now moved on to test a second strong conductor, approximately 1000m to the southwest.



Figure 1: Consulting Geo. Tim Henneberry & Saf Dhillon, President & CEO at Waterbury East during Phase 1 drilling

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10256/226752_9d5b8dde84e6686a_001full.jpg

The Waterbury East project is underlain by geology favourable to hosting both unconformity-hosted and basement-hosted uranium deposits. These deposits are typically associated with graphitic metasediments and structural zones that exhibit strong EM conductor responses. Historical airborne EM surveys have defined an ENE-striking conductor across the property, with a depth to unconformity of ~200m. Most of the uranium discoveries in the Athabasca Basin are concentrated along the unconformity edge, where the sedimentary cover is the thinnest (<300m).

Bayridge holds a staged option to earn up to an 80% interest in Waterbury East from CanAlaska through a series of cash payments, share issuances and exploration expenditures over the next 4 years. Waterbury East is located 25 km northeast of the Cigar Lake Mine, 15 km south of Points North and is accessible from the Cigar Lake Road.

R. Tim Henneberry, P.Geo. (BC) and a consultant to the Company, is the Qualified Person under National Instrument 43-101 who has reviewed and approved the technical content of this release.

About Bayridge Resources Corp.

Bayridge Resources Corp. is a green energy company advancing its portfolio of Canadian uranium and lithium projects. The 1,337 ha Waterbury East project is located 25 km northeast of the Cigar Lake Mine in the northeastern Athabasca Basin region. Geophysical surveys have identified a 7km long conductivity corridor where mid-2000's drilling highlighted faulted and altered basement rock with local uranium enrichment. Large sections of this corridor remain untested. The 11,142 ha Constellation project is located 60 km south of the present-day Athabasca Basin edge in an area of significant exploration activity for basement hosted uranium. Historic airborne radiometric, electromagnetic, and magnetic surveys identified electromagnetic conductors associated with magnetic lows. The 4,413 ha Sharp Lake project, located in the Red Lake Mining District of Northern Ontario, hosts peraluminous S-type muscovite bearing pegmatite bearing granites in contact with metasediments. Preliminary sampling has highlighted anomalous rare-element values, potentially indicative of lithium mineralization.

For more information, please contact:

Saf Dhillon, President & Chief Executive Officer
E-mail: saf@bayridgeresources.com
Tel: 604-484-3031

Forward-looking information

Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding completion of the phase 1 program, the price of uranium, and the release of preliminary results. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change.

The CSE has not reviewed, approved, or disapproved the contents of this press release.

SOURCE: Bayridge Resources Corp.

Prime Reports Significantly Expanded Gold and Silver Mineral Resource with Exceptional Upside Potential at its Los Reyes Property

Growth Driven by the Addition of High-Grade Underground Resources

https://ca.finance.yahoo.com/news/prime-reports-significantly-expanded-gold-200500774.html

Prime Mining Corp.
Tue, October 15, 2024 at 1:05 p.m. PDT·21 min read

PRMNF
+9.92%

VANCOUVER, British Columbia, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Prime Mining Corp. (“Prime” or the “Company”) (TSX: PRYM) (OTCQX: PRMNF) (Frankfurt: 04V3

Brixton Metals Drills 8.00m of 11.37 g/t Gold including 2.00m of 44.43 g/t Gold all within 82.00m of 1.27 g/t Gold at its Trapper Target on the Thorn Project

https://ca.finance.yahoo.com/news/brixton-metals-drills-8-00m-113000910.html

Brixton Metals Corporation
Wed, October 16, 2024 at 4:30 a.m. PDT·8 min read

BBBXF
-3.07%

VANCOUVER, British Columbia, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF)

Silver North Completes Drilling at Haldane Property

Two holes successfully intersect Main Fault, confirming a fourth silver vein target at Haldane

Main Fault expressed as a wide structural zone with the presence of classic Keno-style quartz-siderite+/- sulphide veins and breccias

https://thenewswire.com/press-releases/1AqRFnNay-silver-north-completes-drilling-at-haldane-property.html

Vancouver, BC, October 16, 2024 – TheNewswire – Silver North Resources Ltd. (TSX-V: SNAG, OTCQB: TARSF) “Silver North” or the “Company”) is pleased to announce that the 2024 drilling campaign at the wholly owned Haldane Property in the historic Keno Hill Silver District, Yukon, has been completed. A total of 732 metres of drilling was completed in 3 holes testing the West Fault and Main Fault targets. This marks Silver North’s first test of the Main Fault, with two holes successfully intersecting the target in moderately to unoxidized rocks allowing for strong recovery of the vein targets. The 8,579 hectare Haldane Property is located 25 km west of Keno City, YT and hosts numerous occurrences of silver-lead-zinc-bearing quartz siderite veins as seen elsewhere in the district.

“We are very pleased with the progress we made at Haldane in this program,” stated Jason Weber, P.Geo., President and CEO of Silver North. “We have shown that the Main Fault is another viable target with wide intersections of the structure 150 and 190 metres below surface, hosting classic Keno-style veins and breccias with siderite gangue and sulphide mineralization. Regardless of the silver grades returned from these two Main Fault intersections, we can confidently say we have added a fourth viable silver target at Haldane.”

In addition to continuing step out tests of the West Fault target, an important goal of the 2024 program was to test the Main Fault below the level of oxidation for a true representation of this target’s potential for high grade silver mineralization. The surface expression of the Main Fault indicates potential for a large structure, with historical oxidized vein samples at surface averaging 151 g/t silver over 7.6 m and 223 g/t silver over 3.6 m at the Main Zone and Main Zone South showings. Heavily oxidized, poorly recovered intersections in 2011 and 2013 drilling by previous operators intersected similarly anomalous results.

Hole HLD24-29 intersected a somewhat oxidized structure above the Main Fault from 158.6 – 162.0 m followed by unoxidized Main Fault breccia and siderite vein from 171.0 to 176.7 m. The width of this zone warranted a follow up hole, targeting the structure 50 metres down dip. Hole HLD24-30 accomplished this, intersecting the same partially oxidized structure above the Main Fault from 171.0 – 172.5 m and the Main Fault as a much wider, unoxidized, structural zone from 183.5 to 203.0 metres down hole, exhibiting multiple fault splays with strong gouge and breccia zones as well as quartz-siderite+/- sulphide veins. Being the first holes in this target, silver grades cannot be reliably estimated for these intersections, but regardless, the program has successfully shown that the Main Fault is a viable silver target with strong Keno District characteristics indicating its potential to host high grade silver mineralization as seen elsewhere in the district.

A fourth hole at the Bighorn target was dropped from the program due to deteriorating conditions that made drill pad access difficult. Bighorn remains a high priority target and a pad was constructed early in the program that will be available for use in the next drill campaign at Haldane.



Figure 1 – West and Main Fault Drilling 2024

About Silver North Resources Ltd.

Silver North’s primary assets are its 100% owned Haldane silver project (next to Hecla Mining Inc.’s Keno Hill Mine project) and the Tim silver project (under option to Coeur Mining, Inc.).

The Company is listed on the TSX Venture Exchange under the symbol “SNAG”, trades on the OTCQB market in the United States under the symbol “TARSF”, and under the symbol “I90” on the Frankfurt Stock Exchange.

Mr. Jason Weber, P.Geo., President and CEO of Silver North Resources Ltd. is a Qualified Person as defined by National Instrument 43-101. Mr. Weber supervised the preparation of the technical information contained in this release.

For further information, contact:

Jason Weber, President and CEO

Sandrine Lam, Shareholder Communications

Tel: (604) 807-7217

Fax: (888) 889-4874

To learn more visit: www.silvernorthres.com

X: https://x.com/SilverNorthRes

LinkedIn: https://www.linkedin.com/company/silvernorth-res-ltd/

Cameo Enters LOI to Purchase Option on VMP Gold Property

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

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

HMLO, WGX, KDK, QRC

A month ago Hemlo Exploders aka HMLO announced they had acquired a private company that owned a number of prospects on trend with NFG;s Queensway gold project in Newfoundland. Now we get the first update on the feature property, Gold Anchor, which they must like because in the last month they have more than doubled its size, to 1228 sq km.

HMLO has also been busy exploring Gold Anchor, collecting a number of xhip sample from gold-containing boulder plus till samples. Assays are pending, but they have found enough to declare several prospects, which are currently being further explored. Once all the results are in, decisions will be made as to where to drill.

This recent news has doubled HMLO's share price, getting me to a triple in one batch of shares but still way underwater on another.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34859223

West Australian gold/nickel miner Westgold Resources aka WGX released its preliminary quarterly results. It is hard to find comparables, particularly since the quarter includes three months of production from the mines Westgold brought to the recent merger but only two months production from KRR's mines. That said, quarterly production of 77369 oz Au looks good, as does the cash stash of $103M as of Sept. 30. We'll have to wait for the financial results for a clearer evaluation.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34864952

Kodiak Copper aka KDK released another two sets of drilling results from its M{D property in south central BC, where they are exploring for large Cu/Au/Mo porphyries similar to those already being mined in the area.

First we hear about assays from four holes from an ongoing drilling at the Adit zone, which is located nearer to surface than the already defined Gate and West porphyries. The strike length of Adit has been extended to over 400m thanks to long intercepts like 0.26% Cu, 0.04 g/t Au, 3.57 g/t Ag (0.31% CuEq) over 327m and and 0.17% Cu, 0.03 g/t Au, 1.42 g/t Ag (0.20% CuEq) over 450m. I will remind you that grades like these are being mined profitably nearby, plus there are higher grade cores like 1.00% Cu, 0.02 g/t Au, 6.72 g/t Ag (1.06% CuEq) over 24m and 1.08% Cu, 0.04 g/t Au, 6.84 g/t Ag, (1.15% CuEq) over 15m.

We also hear about initial drilling on the Celeste target, which found alteration but no significant mineralization.

KDK's share price has been on a consistent decline since the initial discovery holes were announced four years ago, but has been showing sign's of bottoming. I am hoping the rest of this year's drilling helps make that happen. I am contemplating buying another tranche of shares to add to my holdings.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34865028

Queen's Road Capital aka QRC was formed in 2021 to provide a group of Australian billionaires with dividend income by placing interest paying debentures to mining companies, and we get to go along for the ride because it is a listed company. Their latest PR announces an 11% dividend increase, to 0.021 cents a share, meaning the dividend has increased by over 40% since the company was founded.

Yes, it's nice to see the dividend grow, but about that share price...

I will continue with my small holding and take advantage of their DRIP programme.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34865067

According to Saville, the evidence is inconclusive whether gold stocks have already set an intermediate term top vs. the chance of a final surge before that top is set. He does note that the strength in the PoG in other currencies besides the $US indicates that the longer term bull is intact.

Premier American Uranium Completes Successful Inaugural Drill Program at the Cyclone ISR Uranium Project, Great Divide Basin, Wyoming

https://ca.finance.yahoo.com/news/premier-american-uranium-completes-successful-110000024.html

Premier American Uranium Inc
Tue, October 15, 2024 at 4:00 a.m. PDT·8 min read

PAUIF
+4.17%

TORONTO, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Premier American Uranium Inc. (“PUR”, the “Company” or “Premier”) (TSXV: PUR) (OTCQB: PAUIF)

ATHA Energy Announces Option Agreements With Terra Uranium for Spire, Horizon, and Pasfield Projects

https://ca.finance.yahoo.com/news/atha-energy-announces-option-agreements-110000205.html

ATHA Energy Corp.
Fri, October 11, 2024 at 4:00 a.m. PDT·11 min read

SASKF
0.00%

T92.AX
-3.57%

T92O.AX
0.00%

VANCOUVER, British Columbia, Oct. 11, 2024 (GLOBE NEWSWIRE) -- ATHA Energy Corp. (CSE: SASK) (FRA: X5U) (OTCQB: SASKF) (“ATHA”) is pleased to announce, in furtherance to its news release from August 20th, 2024 , the Company and Terra Uranium Ltd. (ASX: T92) (“T92”) have executed a definitive option agreement for T92 to earn an option to acquire a 70% interest in ATHA’s Spire and Horizon properties (together, the “Spire Horizon Projects”) and a definitive option agreement for ATHA to earn an option to acquire up to a 60% interest in T92’s Pasfield Lake property (the “Pasfield Project”).

SPIRE HORIZON OPTION

In accordance with the terms of the Option Agreement ATHA shall grant T92 the sole and exclusive right and option to acquire up to a 70% interest in the Spire Horizon Projects (the “Spire Horizon Option”) in consideration for incurring a minimum of $4,750,000 exploration expenditures as set out below:

(i)

on or before December 20, 2024, T92 must incur at least $750,000 of statutory exploration expenditure, which must also include the costs associated with the payment for a mineral exploration assessment report (the “First Expenditure”);





(ii)

on or before September 21, 2025, T92 must incur additional statutory exploration expenditures of at least $1,000,000 (the “Second Expenditure”);





(iii)

on or before September 21, 2026, T92 must incur additional statutory exploration expenditures of at least $1,000,000 (the “Third Expenditure”);





(iv)

on or before September 21, 2027, T92 must incur additional statutory exploration expenditures of at least $1,000,000 (the “Fourth Expenditure”); and





(v)

on or before September 21, 2028, T92 must incur additional statutory exploration expenditures of at least $1,000,000 (the “Fifth Expenditure”).






ATHA and T92 agree to form a joint venture on the Spire Horizon Projects upon the satisfaction of the First Expenditure, Second Expenditure, and the Third Expenditure, with the initial interest of T92 being a 50% participating interest and ATHA’s being a 50% carried interest (subject to the 5% carried interest in favour of a third party).

Upon the satisfaction of the Fourth Expenditure and the Fifth Expenditure, T92’s interest will increase to a 70% participation interest and ATHA’s interest will adjust to a 30% participation interest. If at any time during the period where ATHA holds a carried interest, T92 prepares and delivers a “preliminary economic assessment” prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects in respect of the Spire Horizon Projects to ATHA, ATHA’s carried interest may be converted into a participating interest at the election of ATHA.

PASFIELD OPTION

In accordance with the terms of the Option Agreement, T92 shall grant to ATHA the four exclusive and separate rights and options to acquire undivided legal and beneficial interests in the Pasfield Project (together the “Pasfield Options” and each, a “Pasfield Option”) as follows:

(i)

an undivided 15% interest in the Pasfield Project, which may be exercised by either: (a) funding exploration expenditures totalling $1,000,000 or (b) successfully completing one deep hole of at least 1,000 m into the geophysical target on or before December 31, 2025;





(ii)

an undivided 15% interest for a total of 30% interest in the Pasfield Project, which may be exercised by either: (a) funding exploration expenditures totalling $2,000,000 or (b) successfully completing two deep holes of at least 1,000 m into the geophysical target on or before December 31, 2026;





(iii)

an undivided 15% interest in the Pasfield Project, which may be exercised by either: (a) funding exploration expenditures totalling $3,000,000 or (b) successfully completing three deep holes of at least 1,000 m into the geophysical target on or before December 31, 2027; and





(iv)

an undivided 15% interest in the Pasfield Project (the “Fourth CP Option”), which may be exercised by either: (a) funding exploration expenditures totalling $4,000,000 or (b) successfully completing four deep holes of at least 1,000 m into the geophysical target on or before December 31, 2028.






After exercising each Pasfield Option and upon written notice by ATHA to T92, each undivided 15% interest in the Pasfield Project can, at ATHA’s election, be converted into a 1% net smelter returns royalty (“NSR”) for an aggregate maximum NSR of 4%. Upon the satisfaction of the Fourth CP Option and assuming ATHA has not converted its interests in the Pasfield Project into a NSR, the parties will be deemed to form a joint venture on the Pasfield Project (the “Pasfield Joint Venture”) with T92 holding an initial 40% participating interest in the Pasfield Joint Venture and ATHA holding a 60% participation interest. ATHA will also have the sole and exclusive right to access and use all camp facilities located on the Pasfield Project for a daily fee to be negotiated between ATHA and T92.

Investor Relations Agreements

Further to the Company’s news releases dated April 11, 2024, June 3, 2024 and June 17, 2024, the Company also announces that the Company’s agreement with Hybrid Financial Inc. (“Hybrid”) will be automatically extended in accordance with its terms for a further three months following the conclusion of its initial six month term ending October 11, 2024, the Company and Gold Standard Media LLC (“GSM”) have, subject to the approval of the TSX Venture Exchange (the “TSXV”), extended the term of their agreement for an additional three months ending November 30, 2024 for no additional cost to the Company, and the Company and Creative Direct Marketing Group Inc. (“CDMG”) have mutually agreed to defer the commencement of their marketing campaign to a future date to be agreed between the parties due to market conditions (no additional consideration beyond an initial US$83,700 upfront fee has been paid to CDMG and there is no cost associated with such deferral). The Company will provide further updates upon the commencement of the marketing campaign by CDMG. Any amendment to the Company’s agreement with CDMG will be subject to TSXV approval.

Each of Hybrid, GSM and CDMG are arm’s length parties to the Company. GSM and each of its directors, officers or employees do not currently own any securities of the Company. To the knowledge of the Company, neither Hybrid, CDMG, nor any of their respective directors, officers or employees currently owns any securities of the Company.

About ATHA

ATHA is a Canadian mineral company engaged in the acquisition, exploration, and development of uranium assets in the pursuit of a clean energy future. With a strategically balanced portfolio including three 100%-owned post discovery uranium projects (the Angilak Project located in Nunavut, and CMB Discoveries in Labrador hosting historical resource estimates of 43.3 million lbs and 14.5 million lbs U3O8 respectively, and the newly discovered basement hosted GMZ high-grade uranium discovery located in the Athabasca Basin). In addition, the Company holds the largest cumulative prospective exploration land package (+8.5 million acres) in two of the world’s most prominent basins for uranium discoveries - ATHA is well positioned to drive value. ATHA also holds a 10% carried interest in key Athabasca Basin exploration projects operated by NexGen Energy Ltd. and IsoEnergy Ltd. For more information visit www.athaenergy.com. 1,2,3.

For more information, please contact:

Troy Boisjoli
Chief Executive Officer
Email: info@athaenergy.com
www.athaenergy.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.

Historical Mineral Resource Estimates

All mineral resources estimates presented in this news release are considered to be “historical estimates” as defined under NI 43-101, and have been derived from the following (See notes below). In each instance, the historical estimate is reported using the categories of mineral resources and mineral reserves as defined by the CIM Definition Standards for Mineral Reserves, and mineral reserves at that time, and these “historical estimates” are not considered by ATHA to be current. In each instance, the reliability of the historical estimate is considered reasonable, but a Qualified Person has not done sufficient work to classify the historical estimate as a current mineral resource, and ATHA is not treating the historical estimate as a current mineral resource. The historical information provides an indication of the exploration potential of the properties but may not be representative of expected results.

Notes on the Historical Mineral Resource Estimate for the Angilak Deposit:

This estimate is considered to be a “historical estimate” under NI 43-101 and is not considered by any of to be current. See below for further details regarding the historical mineral resource estimate for the Angilak Property.

Mineral resources which are not mineral reserves do not have demonstrated economic viability.

The estimate of mineral resources may be materially affected by geology, environment, permitting, legal, title, taxation, sociopolitical, marketing or other relevant issues.

The quality and grade of the reported inferred resource in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resource, and it is uncertain if further exploration will result in upgrading them to an indicated or measured resource category.

Contained value metals may not add due to rounding.

A 0.2% U3O8 cut-off was used.

The mineral resource estimate contained in this press release is considered to be “historical estimates” as defined under NI 43-101 and is not considered to be current.

The “historical estimate” is derived from a Technical Report entitled “Technical Report and Resource Update For The Angilak Property, Kivalliq Region, Nunavut, Canada”, prepared by Michael Dufresne, M.Sc., P.Geol. of APEX Geosciences, Robert Sim, B.Sc., P.Geo. of SIM Geological Inc. and Bruce Davis, Ph.D., FAusIMM of BD Resource Consulting Inc., dated March 1, 2013 for ValOre Metals Corp.

As disclosed in the above noted technical report, the historical estimate was prepared under the direction of Robert Sim, P.Geo, with the assistance of Dr. Bruce Davis, FAusIMM, and consists of three-dimensional block models based on geostatistical applications using commercial mine planning software. The project limits area based in the UTM coordinate system (NAD83 Zone14) using nominal block sizes measuring 5x5x5m at Lac Cinquante and 5x3x3 m (LxWxH) at J4. Grade (assay) and geological information is derived from work conducted by Kivalliq during the 2009, 2010, 2011 and 2012 field seasons. A thorough review of all the 2013 resource information and drill data by a Qualified Person, along with the incorporation of subsequent exploration work and results, which includes some drilling around the edges of the historical resource subsequent to the publication of the 2013 technical report, would be required in order to verify the Angilak Property historical estimate as a current mineral resource.

The historical mineral resource estimate was calculated in accordance with NI 43-101 and CIM standards at the time of publication and predates the current CIM Definition Standards for Mineral Resources and Mineral Reserves (May, 2014) and CIM Estimation of Mineral Resources & Mineral Reserves Best Practices Guidelines (November, 2019).

A thorough review of all historical data performed by a Qualified Person, along with additional exploration work to confirm results would be required to produce a current mineral resource estimate prepared in accordance with NI 43-101.

2. Notes on the Historical Mineral Resource Estimate for the Moran Lake Deposit:

Jeffrey A. Morgan, P.Geo. and Gary H. Giroux, P.Eng. completed a NI 43-101 technical report titled “Form 43-101F1 Technical Report on the Central Mineral Belt (CMB) Uranium Project, Labrador, Canada, Prepared for Crosshair Exploration & Mining Corp.” and dated July 31, 2008, with an updated mineral resource estimate for the Moran Lake C-Zone along with initial mineral resources for the Armstrong and Area 1 deposits. They modelled three packages in the Moran Lake Upper C-Zone (the Upper C Main, Upper C Mylonite, and Upper C West), Moran Lake Lower C-Zone, two packages in Armstrong (Armstrong Z1 and Armstrong Z3), and Trout Pond. These mineral resources are based on 3D block models with ordinary kriging used to interpolate grades into 10 m x 10 m x 4 m blocks. A cut-off grade of 0.015% U3O8 was used for all zones other than the Lower C Zone which employed a cut-off grade of 0.035%. A thorough review of all historical data performed by a Qualified Person, along with additional exploration work to confirm results, would be required to produce a current mineral resource estimate prepared in accordance with NI 43-101 standards.

3. Notes on the Historical Mineral Resource Estimate for the Anna Lake Deposit:


The mineral resource estimate contained in this table is considered to be a “historical estimate” as defined under NI 43-101, and is not considered to be current and is not being treated as such. A Qualified Person has not done sufficient work to classify the historical estimate as current mineral resources. A qualified person would need to review and verify the scientific information and conduct an analysis and reconciliation of historical drill and geological data in order to verify the historical estimate as a current mineral resource.

Reported by Bayswater Uranium Corporation in a Technical Report entitled “Form 43-101 Technical Report on the Anna Lake Uranium Project, Central Mineral Belt, Labrador, Canada”, prepared by R. Dean Fraser, P.Geo. and Gary H. Giroux, P.Eng., dated September 30, 2009.

A 3-dimensional geologic model of the deposit was created for the purpose of the resource estimate using the Gemcom/Surpac modeling software. A solid model was created using a minimum grade x thickness cutoff of 3 meters grading 0.03% U3O8. Intersections not meeting this cutoff were generally not incorporated into the model. The shell of this modeled zone was then used to constrain the mineralization for the purpose of the block model. Assay composites 2.5 meters in length that honoured the mineralized domains were used to interpolate grades into blocks using ordinary kriging. An average specific gravity of 2.93 was used to convert volumes to tonnes. The specific gravity data was acquired in-house and consisted of an average of seventeen samples collected from the mineralised section of the core. The resource was classified into Measured, Indicated or Inferred using semi-variogram ranges applied to search ellipses. All resources estimated at Anna Lake fall under the “Inferred” category due to the wide spaced drill density. An exploration program would need to be conducted, including twinning of historical drill holes in order to verify the Anna Lake Project estimate as a current mineral resource.

Cautionary Statement Regarding Forward-Looking Information

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. These forward-looking statements or information may relate to the transactions contemplated herein, including statements with respect to the expected benefits of the transactions described herein to ATHA and the ATHA shareholders, the expectation that the parties will successfully negotiate the terms of the Definitive Agreement, the approval by the securities exchanges, the successful incurrence of exploration expenditure as required to earn the options, any results that may be derived from the diversification of ATHA’s portfolio, the prospects of ATHA’s projects, including mineral resources estimates and mineralization of each project, the prospects of ATHA’s business plans and any expectations with respect to defining mineral resources or mineral reserves on any of ATHA’s projects, and any expectation with respect to any permitting, development or other work that may be required to bring any of the projects into development or production.

Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management at the time, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Such assumptions include, but are not limited to, assumptions regarding ATHA following completion of the transactions, that the anticipated benefits of the transactions will be realized, completion of the transactions, including receipt of required stock exchange approvals, the ability of ATHA and T92 to satisfy, in a timely manner, the other conditions to the closing of the transactions or earning the option, other expectations and assumptions concerning the transactions, the ability of ATHA and T92 to complete its exploration activities as currently expected, assumptions that the anticipated benefits of ATHA’s proposed exploration program will be realized, that no additional permit or licenses will be required in connection with ATHA’s exploration programs, the ability of ATHA to complete its exploration activities as currently expected and on the current anticipated timelines, including ATHA’s proposed exploration program, that ATHA will be able to execute on its current plans, and that general business and economic conditions will not change in a material adverse manner. Although each of ATHA and T92 have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

Such statements represent the current views of ATHA and T92 with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by ATHA and T92, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Risks and uncertainties include, but are not limited to the following: the parties being unable to negotiate the terms of the Definitive Agreement, inability of ATHA to complete the exploration expenditures to earn the option, a material adverse change in the timing of any completion and the terms and conditions upon which the transactions is completed; inability to satisfy or waive all conditions to closing the transactions as set out in the Definitive Agreement; inability of ATHA to realize the benefits anticipated from the exploration and drilling targets described herein or elsewhere; inability of ATHA to complete current exploration plans as presently anticipated or at all; inability for ATHA to economically realize on the benefits, if any, derived from the exploration program; failure to complete business plans as it currently anticipated; overdiversification of ATHA’s portfolio; failure to realize on benefits, if any, of a diversified portfolio; unanticipated changes in market price for ATHA shares; and changes to ATHA’s current and future business and exploration plans and the strategic alternatives available thereto. Other factors which could materially affect such forward-looking information are described in the filings of ATHA with the Canadian securities regulators which are available, respectively, on ATHA’s profile on SEDAR+ at www.sedarplus.ca. ATHA does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

West Mining Enters Option Agreement for Mineral Claims Located in Northern British Columbia

https://www.accesswire.com/931311/west-mining-corp-enters-option-agreement-for-mineral-claims-located-in-northern-british-columbia

Tuesday, 15 October 2024 08:00 AM

VANCOUVER, BC / ACCESSWIRE / October 15, 2024 / West Mining Corp. ("West" or the "Company") (CSE:WEST)(OTC PINK:WESMF)(FRA:1HL) is pleased to announce that it has entered into an option agreement (the "Option Agreement") dated as of October 15, 2024 with ESN Investment Corp. ("ESN" or the "Optionor") pursuant to which West has the option to earn a 100% interest in two mineral claims (the "Claims") located in Northern British Columbia which augment West's Spanish Mountain West and Junkers properties.

The Spanish Mountain West land addition is a mineral claim located in the central Quesnel Belt, approximately 70 kilometres northeast of Williams Lake. The new claim covers 412.93 hectares adjacent to the north and west of West's Spanish Mountain West Property, as well as adjacent to Spanish Mountain Gold Ltd.'s property. This new mineral claim extends to the eastern shore of Quesnel Lake and represents an increase of 45% in area to the adjacent claims of West's Spanish Mountain West Property. West's new Spanish Mountain claim occurs within the same prospective Cretaceous sedimentary strata that host the polymetallic copper, lead, gold, silver, and zinc showing at Cedar Creek, in contact with Triassic basalts 1 to 2 km north and east (MINFILE #093A 072).

The Junkers Property land addition comprises another mineral claim, this one located 200 kilometres southeast of Dease Lake in north central B.C. This new claim covers 1,372.49 hectares adjacent to the south of West's gold-copper Junkers Property, adding 65% in area to the property. The Junkers Property gold-copper exploration target occurs within Lower to Middle Jurassic marine sedimentary and volcanic rocks of the Hazelton Group (Junkers showing, B.C. MINFILE #094E 299). The new claim at Junkers starts only 150 m south of the Junkers gold-copper mineral showing, and extends another 4 kilometres further south, adding significant area to the exploration target.

West has commenced exploration of the Junkers and Spanish Mountain properties, beginning with multispectral satellite image analysis, which is being integrated with existing geophysical and sampling surveys to identify high potential gold, copper and silver targets for follow-up field investigation.

Nader Vatanchi, West Mining's Chief Executive Officer, said "Expanding our Spanish Mountain West and Junker properties provides a tremendous opportunity to West. With these additions, we are excited to have begun exploration of our properties, seeking to expand on our previous work done in 2021. We look forward to receiving and disclosing the results of our exploration program in due course."

Under the Option Agreement, West has the option to earn a 100% interest in the Claims by issuing an aggregate of 7,000,000 West common shares (each, a "Share") to ESN and its affiliates as follows: 4,750,000 Shares at a deemed price of $0.19 per Share as soon as reasonably practicable following execution of the Option Agreement; 1,125,000 Shares within six months of execution of the Option Agreement; and 1,125,000 Shares within one year of execution of the Option Agreement. Any Shares issued under the Option Agreement will be subject to a four month hold period in accordance with applicable securities laws. West intends to issue the initial 4,750,000 Shares on or about October 22, 2024.

On exercise of the option under the Option Agreement, West will grant to ESN a 1.0% net royalty interest on the Claims. West will have the right to buy back one half (1/2) of the royalty (leaving the Optionor with a 0.5% royalty) for a period of one year following the commencement of commercial production for $500,000.

West also announces that it has entered into an agreement with a creditor to settle $24,000 of debt by issuing an aggregate of 126,315 common shares of the Company at a deemed price of $0.19 per share. When issued, the shares will be subject to a four month hold period in accordance with the applicable securities laws.

Harrison Cookenboo, Ph.D., P.Geo., a "Qualified Person" for the purpose of National Instrument 43-101, has reviewed and approved the scientific and technical information included in this news release.

About West Mining Corp.

West Mining Corp. is a mineral exploration company acquiring and developing advanced and early-stage exploration projects. Its flagship project is its 100% owned, 9000-hectare prospective Kena Project located near Nelson, British Columbia. The Kena Project comprises three adjoining Properties: Kena, Daylight and Athabasca. An independent NI43-101 mineral resource estimate for Kena in 2021 reported 561,900 oz Au indicated at a grade of 0.544 grams per tonne gold (g/t Au) and 2,773,100 oz Au inferred at a grade of 0.486 g/t Au in the Gold Mountain, Kena Gold, and Daylight Zones (Bird, 2021; www.sedarplus.ca). The Daylight property contains the historic past producing Daylight, Starlight, Victoria, Irene, and Great Eastern gold mines. Along trend to the north is the Athabasca Property, with the historic Athabasca Gold Mine. The Company also holds a 100% interest in its Spanish Mountain and Junker properties.

For additional information, please refer to the Company's public disclosure record available on SEDAR+ at www.sedarplus.com.

Contact Information

Nader Vatanchi
CEO
nadervatanchi@hotmail.com
778-881-4631

SOURCE: West Mining Corp.

Trailbreaker Initiates Multiple Geophysical Surveys at the Liberty Copper-Molybdenum Project, British Columbia

https://ca.finance.yahoo.com/news/trailbreaker-initiates-multiple-geophysical-surveys-114500371.html

Trailbreaker Resources Ltd.
Tue, October 15, 2024 at 4:45 a.m. PDT·4 min read

APRAF
0.00%

VANCOUVER, British Columbia, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce the mobilization of geophysical crews from Geotech Ltd. and Simcoe Geoscience Ltd. (“Simcoe”) to conduct Z-axis Tipper Electromagnetic (ZTEM) and induced polarization (IP) surveys, respectively, at the Liberty copper (Cu) - molybdenum (Mo) project, in central British Columbia (BC).

The ZTEM survey is designed to provide property-wide resistivity and magnetic data up to a depth of 1,500 m. This will help define the geological, structural and alteration features of porphyry and skarn-style mineralization, of which previous grab samples assayed up to 23.71% Cu.

The IP survey is being conducted over the Cu-in-soil anomaly (see news release September 16, 2024) in order to define the extensions of historic chargeability and resistivity features that are coincident with Cu-Mo mineralization intersected during Trailbreaker’s 2,442 m drill program conducted earlier this year (see news release dated July 22, 2024). The survey will utilize Simcoe’s Alpha IP™ technology to survey up to 500+ m of depth, ensuring any deep sources of mineralization are detected.

Results and interpretation from both surveys are expected before the end of 2024.

Message from the President

“We are excited that these surveys have commenced at Liberty. The surveys extend deep below the overburden on the property. When these results are coupled with what we have learned from drilling, together with our property-wide geochemical survey and the high-grade Cu in rock samples, we expect it to produce a robust geological model to help vector and de-risk future drilling. This project is advancing quickly and in the right direction for a discovery.” Daithi Mac Gearailt



Figure 1: ZTEM survey equipment conducting calibration tests at the Liberty property, central BC

Figure 1: ZTEM survey equipment conducting calibration tests at the Liberty property, central BC

Liberty Property Description

The 6,895-hectare Liberty Property is located approximately 60 km northwest of Quesnel, BC. The property is fully accessible by resource roads.

Drilling at Liberty has encountered widespread Cu-Mo porphyry-style mineralization at the northeastern margin of a property-scale Cu-in-soil geochemical anomaly. Mineralization is coincident with an Induced Polarization (IP) chargeability feature. However, historic IP surveying covered only a small portion of the much larger geochemical anomaly. Highlights of drill results include:

LIB24-001 - 213.7 m of 0.16% CuEq from 248.3 m to the end of hole;

Including 13.5 m of 0.33% CuEq from 257.5 m;

And including 6.6 m of 0.67% CuEq from 300.9 m;

LIB24-003 - 194.3 m of 0.16% CuEq from 256.0 m,

including 34.2 m of 0.47% CuEq from 385.0 m,

and including 5.9 m of 2.02% CuEq from 410.2 m;

LIB24-004 - 226.0 m of 0.11% CuEq from 279.0 to the end of hole

Including 6.0 m of 0.45% CuEq from 431.0 m

And including 2.3 m of 0.36% CuEq from 500.0 m

Prospecting within the southwestern portion of the property-scale geochemical anomaly has defined an area of high-grade copper mineralization, with grab samples assaying up to 23.71% Cu.

For more information on this target see the Liberty Project webpage.

* Reported widths are drill width. Not enough geological information exists at this point to define true width. However, vein-hosted copper and molybdenum mineralization commonly occurs at high angles to core axis.
** Copper Equivalent formula used is:
CuEq = Cu grade in % + (Mo grade in % * (Mo recovery/Cu recovery) * (Mo price/lb*2200 lb) / (Cu price /lb*2200 lb) using copper price of US$3.75/lb and molybdenum price of US$25/lb. 100% metallurgical recoveries are assumed for both metals.

About Trailbreaker Resources

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

ON BEHALF OF THE BOARD

Daithi Mac Gearailt
President and Chief Executive Officer

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

Other

For new information about the Company’s projects, please visit Trailbreaker’s website at TrailbreakerResources.com and sign up to receive news. For further information, follow Trailbreaker’s tweets at Twitter.com/TrailbreakerLtd, use the ‘Contact’ section of our website, or contact us at (604) 681-1820 or at info@trailbreakerresources.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.

Forward-Looking Statements

Statements contained in this news release that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; expectations regarding future exploration and drilling programs and receipt of related permitting. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as "anticipates", "expects", "understanding", "has agreed to" or variations of such words and phrases or statements that certain actions, events or results "would", "occur" or "be achieved". Although Trailbreaker has attempted to identify important factors that could affect Trailbreaker and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. In making the forward-looking statements in this news release, if any, Trailbreaker has applied several material assumptions, including the assumption that general business and economic conditions will not change in a materially adverse manner. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Trailbreaker does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e6f59077-f456-44c8-93ae-96ef3da6ecab

Gladiator Announces Significant Copper Skarn Mineralization Intersected at Best Chance

https://www.newsfilecorp.com/release/226632

October 15, 2024 7:00 AM EDT | Source: Gladiator Metals Corp.

Vancouver, British Columbia--(Newsfile Corp. - October 15, 2024) - Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) (FSE: ZX7) ("Gladiator" or the "Company") is pleased to provide an update on the progress of its planned 13,000m drilling programme at the Whitehorse Copper Project. Planned drilling has now been completed at the Best Chance, Arctic Chief & Cowley Park Prospects, with the rig currently drilling at Cub trend. The rig is planned to complete drilling shortly at Cub Trend before relocating back to Cowley Park to follow up on recent successful drilling announced 3rd of October, 2024.

Gladiator completed a scout drill programme on the 10th October (7 holes for 1,295m) at the Best Chance prospect, where broad widths of mineralized skarn were intersected in holes ACG-007 & ACG-007D2, these holes are to be submitted for assaying this week.

Drilling recently relocated to the Cub trend, where the Company completed 5 lines of an Induced Polarisation Survey (IP) over the Black Cub and Gem prospects focused on:

Extensions to the open cut pit at Black Cub South, and previously unmined mineralization less than 150 metres to the north and northeast of the historic Black Cub South pit where historic drilling returned 30.51m @E-Green)

Mineralization identified in historic drilling at Gem, including 16.61m @Tommy_Brown) and 24.99m @ 1.4% Cu from 23.93m

Gladiator looks forward to continuing updating the market with assay results from recent drilling at Cowley Park (28 holes), Arctic Chief and Best Chance in the coming weeks. The Company has accelerated the cutting and processing of diamond core from Best Chance.

Drilling is part of Gladiator's dual strategy of advancing Cowley Park toward resource definition and targeting the upside potential of the known mineralization. Gladiator looks forward to updating the market with results from the remaining 28 of 32 completed drill holes in the coming weeks.

Gladiator CEO, Jason Bontempo commented:

"Our maiden drill programs at Best Chance and Arctic Chief to date are showing broad widths of skarn mineralization which continue to validate the prospectivity of the 35km long Whitehorse Copper Belt, delivering multiple prospects for potential future resource growth. We now look forward to assay results to help plan much anticipated follow-up drill programs at the Best Chance and Arctic Chief prospects."



Figure 1: Whitehorse Copper Project - Prospect Locations.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1930/226632_d9bc3184c424d9bb_002full.jpg

ABOUT GLADIATOR METALS

Gladiator Metals Corp. is a Canadian high grade copper mineral exploration company focused on the advancement of the Whitehorse Copper Project (the "Project"), a previously producing 35km strike high-grade, near-surface copper (Cu) ± molybdenum (Mo) ± silver (Ag) ± gold (Au) skarn belt in Yukon, Canada.

Previously producing 35km strike skarn copper belt.

Targeting Significant high-grade copper resources.

Focused on multiple advanced near-surface, high-grade copper prospects.

Under-explored territory; highly leveraged to further exploration and discovery.

Existing road access, hydro power, rail transport and local labour.

Multiple high-grade prospects along the 35km long Whitehorse Copper belt which runs along the western margin of Whitehorse, Yukon, providing a major infrastructure advantage.

The most advanced copper prospects include:

Cowley Park - Cornerstone prospect, 300+ holes historic and current drilled: High-grade copper-molybdenum mineralization over ~700 m strike, 1.5% - 2%+ average grades, broad widths, open in all directions;

Chiefs Trend (Middle Chief & Little Chief): Shallow, high-grade copper-gold mineralization;

Arctic Chief Trend (including Best Chance and Grafter): Prospective high-grade zones of copper-gold mineralization; and

Cub Trend (including Gem, Keewenaw, Black Cub South): High-grade copper mineralization identified.

Gladiator Metals Corp current shares on Issue: 60m (73m fully diluted) and fully funded with $8m in cash.

QA / QC

Where Copper Equivalents have been stated, Assumptions of the pricing are referenced in the tabulated results and determined grade equivalents as ratios take reasonable assumptions for recovery from a similar deposit-type into account.

The following equation was used to calculate copper equivalence:

Copper Equivalent (CuEq) = ((Cu% * CuPrice 1% Per Tonne) + (Au (g/t) x (AuPrice/31.105)) + (Ag (g/t) x (AgPrice/31.105)) +(Mo% * MoPrice 1% Per Tonne)) / CuPrice 1% Per Tonne

Drilling completed by Gladiator was irregularly spaced to test parts of the mineralised systems, holes were directionally surveyed utilising a North Seeking Gyro direction tool. Drill collars were being subsequently surveyed utilising a high-accuracy RTK DGPS system.

Upon drilling of diamond core, Gladiator undertakes geological logging, marking up of lineal length of the core, recording core recovery, and Geotech measurements such as RQD's and taking core photographs.

Based on the geological logging, core is then marked up for sampling with a new sampling ticket that matches the submitted sample for analysis at the start of the sample interval, the drill core is then cut in half utilizing a core saw equipped with a diamond saw blade. The core samples are then sent for analysis and the remaining half core retained for future reference. Certified Reference Materials (CRMs) or known blank material is placed within the sampling sequence at a nominal sampling rate of 1 in 25 samples to monitor the Laboratory. Samples are submitted to the ALS Global laboratory (Canada).

As part of the processing and capturing of the previously unassayed drill core, Gladiator is undertaking a systematic review of the available drill core after being retrieved from storage. This includes a review of the geological logging, marking up of lineal length of the core, undertaking a comparison of the physical ticketed sampling against historic documentation where noted, remarking any notations on the core box (including hole number, box number and nominal depths) and taking core photographs.

After the systematic review, if the core is required to be sampled or resampled where it is deemed to not match the historical record of the hole, it is then marked up for sampling with a new sampling ticket that matches the submitted sample for analysis at the start of the sample interval, the drill core is then cut in half (for un-cut core) or quartered (for resampled core where required) utilizing a core saw equipped with a diamond saw blade. The core samples are then sent for analysis and the remaining half (or quarter core) retained for future reference. Certified Reference Materials (CRMs) or known blank material is placed within the sampling sequence at a nominal sampling rate of 1 in 25 samples to monitor the laboratory. Samples are submitted to the ALS Global laboratory (Canada).

Samples subject to this release were crushed to 70% less than 2mm before pulverizing to better than 85% passing 75 microns. Samples were then analysed by ALS method ME-ICP61 (Aqua Regia with ICP-MS finish), with over limits for Cu analysed by method CU-OG62 (Aqua Regia with ICP-MS finish). As part of this process, Gladiator also captures the required sampling metadata to potentially utilize the core and analysis for any future requirements if deemed acceptable. The QA/QC meets the current required standards under reporting instruments, such as NI-43-101. At this point, Gladiator regards the data collected from this exercise as reliable for the purposes of identifying future exploration targets and may be used to inform future drilling and exploration campaigns.

As part of this process, Gladiator also captures the required sampling metadata to potentially utilize the core and analysis for any future requirements if deemed acceptable. Further drilling will need to be completed by Gladiator at some stage to confirm the reliability or usability of this data in the future including but not limited to twinning of reported mineralization. This may be required as Gladiator may not be able to confirm the accuracy of the stated drill collar location or be able to re-enter the holes to confirm depths and undertake directional surveys, or that the QA/QC might not meet the current required standards under reporting instruments, such as NI-43-101. At this point the Company is treating the data collected from this exercise as reliable for the purposes of identifying future exploration targets and may be used to inform future drilling and exploration campaigns.

In reference to historic drill results reported in this news release from the Company's data compilation exercise, these results are historical in nature. Gladiator has not undertaken any independent investigation, nor has it independently analyzed the results of the historical exploration work in order to verify the results. The Company believes that the historical drill results currently do not conform to presently accepted industry standards. Gladiator considers these historical drill results relevant as the Company will use this data as a guide to plan future exploration and drilling programs. The Company also considers the data to be reliable for these purposes, however, the Company's future exploration work will include verification of the data through drilling. Please refer to the Company's previous news releases regarding Cowley Park for further details.

Qualified Person

All scientific and technical information in this news release has been prepared or reviewed and approved by Kell Nielsen, the Company's Vice President Exploration, a "qualified person" as defined by NI 43-101.

ON BEHALF OF THE BOARD

"Jason Bontempo"
Jason Bontempo
CEO

For further information contact:
Caitlin Cheadle, Investor Relations
+1-778-403-5139

ccheadle@gladiatormetals.com


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

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

Certain of the statements and information in this news release constitute "forward-looking statements" or "forward-looking information". Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "believes", "plans", "estimates", "intends", "targets", "goals", "forecasts", "objectives", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) that are not statements of historical fact may be forward-looking statements or information.

Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, the need for additional capital by the Company through financings, and the risk that such funds may not be raised; the speculative nature of exploration and the stages of the Company's properties; the effect of changes in commodity prices; regulatory risks that development of the Company's material properties will not be acceptable for social, environmental or other reasons; availability of equipment (including drills) and personnel to carry out work programs; and that each stage of work will be completed within expected time frames. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements or information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

The Company's forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this news release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information.

SOURCE: Gladiator Metals Corp.

GoGold Reports Quarterly Production at Parral of 406,150 Silver Equivalent Ounces

https://www.newswire.ca/news-releases/gogold-reports-quarterly-production-at-parral-of-406-150-silver-equivalent-ounces-831356241.html

News provided by GoGold Resources Inc. Oct 15, 2024, 07:30 ET

Shares Outstanding: 329,527,261
Trading Symbols:TSX: GGD
OTCQX: GLGDF­­­­­­­­­­­­­

Cerro de Pasco Resources Reports Initial Assay Results from its Quiulacocha Tailings Drill Campaign

https://ca.finance.yahoo.com/news/cerro-pasco-resources-reports-initial-113000342.html

Cerro de Pasco Resources
Tue, October 15, 2024 at 4:30 a.m. PDT·9 min read

GPPRF
-6.36%

MONTRÉAL, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Cerro de Pasco Resources Inc. (CSE: CDPR) (OTCPK: GPPRF) (FRA: N8HP)

Palamina Participating in Two Separate Drilling Campaigns in the Puno Orogenic Gold Belt

https://www.newsfilecorp.com/release/226648

October 15, 2024 8:00 AM EDT | Source: Palamina Corp.

Toronto, Ontario--(Newsfile Corp. - October 15, 2024) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) is drilling at its Usicayos Gold Project in the Puno Orogenic Gold Belt ('POGB') in south eastern Peru where the Company has 6 distinct exploration projects (see map below). Three diamond drill holes have been completed in the SDO East Zone at Usicayos. A fourth hole in the SDO South Zone is complete with hole 5 underway. Palamina is now reaching the halfway point in its 3,000 metre drilling program.

At the same time, Winshear Gold Corp, in which Palamina has a 15.4% equity interest, has commenced an inaugural 1,600 metre drilling programme in the Coritiri zone at its Gaban Project, also located in the POGB. Palamina sold Gaban to Winshear and retains a 2% Net Smelter Return royalty.

Both these drilling programmes are targeting the possible bedrock source for the gold in the 1,900 square kilometres alluvial goldfields in the Madre de Dios basin to the north.



To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4727/226648_33792a06f4799be4_002full.jpg

The POGB is one of the world's least formally explored orogenic gold belts where the intercontinental highway, completed in 2008, has provided road access and spurred on a modern day gold rush at Madre de Dios. Palamina's gold projects in the POGB have been partially ground-truthed by historic as well as current artisanal, small-scale and informal miners who are generally limited by operating conditions to mining gold from no more than 50-100 metres below surface. Known mineralized orogenic gold systems in the POGB extend vertically downwards to over 1,000 metres depth.



SDO field camp with newly built stairs and lightning rod

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4727/226648_33792a06f4799be4_004full.jpg



Mules packing the SDO core samples off the mountain

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4727/226648_33792a06f4799be4_003full.jpg

Technical Information

The technical information herein has been reviewed and approved by Alvaro Fernandez-Baca (P. Geo.); a Qualified Person as defined by National Instrument 43-101. Mr. Fernandez-Baca is Vice President of Exploration to Palamina.

About Palamina Corp.

Palamina is an exploration company with a land bank of gold projects in the Puno Orogenic Gold Belt in southeastern Peru. Palamina is adding value through drill discovery at its Usicayos gold project. Palamina also has an "acquire and hold" strategy with copper silver assets in southeastern and northeastern Peru. Palamina holds a 15.4% equity interest in Winshear Gold Corp. (WINS:TSX.V) and a 2% NSR royalty on all their projects. Winshear has commenced an inaugural drill program on its 100% owned Gaban Gold Project. Palamina has 71,634,836 shares outstanding and trades on the TSX Venture Exchange under the symbol PA and on the OTCQB Venture Market under the symbol PLMNF.

On Behalf of the Board of Directors:
Andrew Thomson, President
Phone: (416) 204-7536 or visit www.palamina.com

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

This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements include, but are not limited to, the use of proceeds of the Offering and the Company's future business plans. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, 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 expressly required by applicable law. A more complete discussion of the risks and uncertainties facing the Company appears in the Company's continuous disclosure filings, which are available at www.sedarplus.ca.

SOURCE: Palamina Corp.

Aero Energy Highlights Discovery Potential on the High-Grade Murmac & Sun Dog Uranium Projects

https://www.newsfilecorp.com/release/226622

October 15, 2024 7:00 AM EDT | Source: Aero Energy Limited

Vancouver, British Columbia--(Newsfile Corp. - October 15, 2024) - Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: UU3) ("Aero" or the "Company") is pleased to provide a review and follow-up analysis on the recent exploration and discovery at the Murmac and Sun Dog Projects in Northern Saskatchewan, near Uranium City. The detection of high-grade uranium in the basement rocks validates Aero Energy's exploration model, which targets basement-hosted vein deposits akin to those found at the renowned Arrow and Triple R deposits.

Highlights:

Completion of Aero's First Drill Programs at Murmac & Sun Dog Projects: A total of 16 drill holes were completed testing 12 targets in Aero's maiden drill program. Intervals of anomalous radioactivity were intersected in 12 of the 16 holes.

Shallow New Discovery: New high grade uranium discovery in hole M24-017 which intersected 8.4 m at 0.3% U3O8 with individual assays reaching 13.8% U3O8 intersected only 64 m below surface.

Exploration Thesis Confirmed: Mineralization was intersected within strongly graphitic and structured rocks, the favored hosts for Athabasca Basin high-grade deposits. This confirms the company's exploration thesis that the untested graphitic horizons across this area are highly prospective.

Overlooked & Underexplored: The presence of multiple graphitic horizons with over 70 km of strike largely unexplored for high-grade basement hosted uranium deposits represents a significant opportunity.

Work Just Beginning: The targets tested during the summer 2024 program represent only a small fraction of the dozens on the ground and the Company is working with its option partners to prioritize follow ups for a winter drill program to further test these promising areas.

Galen McNamara, CEO of Aero Energy, commented, "From the launch of the Company in January, we took a very diligent yet aggressive approach to discovery. The combination of historical data and the results from the first drill program serve as evidence that basement hosted mineralization akin to the large deposits beneath and adjacent to the Athabasca Basin is present in the area. As we drive towards unlocking the full potential of the projects, we look forward to continued work with both Fortune Bay & Standard Uranium."

Murmac & Sun Dog Project Summary

The Murmac Project covers an area of 25,607 acres in seventeen mining claims located 15 km from Uranium City on the northern margin of the Athabasca Basin. The area is estimated to have produced approximately 70 million pounds of U3O8 at grades ranging from 0.18 to 0.43% U3O8 between 1950 and 19821. Murmac is host to multiple historical surface uranium showings exceeding 1% U3O8, with historical results verified by Fortune Bay grading as high as 8.82% U3O8.

The Sun Dog Project covers an area of 48,443 acres in nine mining claims, located 15 km from Uranium City on the northern margin of the Athabasca Basin. It hosts the historical Gunnar Uranium Mine, discovered in 1952, which doubled Canada's uranium production and became the largest uranium producer globally in 1956. The Gunnar Mine produced approximately 18M lbs of U3O8 between 1953 and 1981².

Historical exploration efforts primarily focused on the "Beaverlodge-style" deposit model, targeting lower-grade, fault-hosted mineralization visible at the surface. This approach did not target, and would not have been effective for, the high-grade "Unconformity-related" basement-hosted deposits associated with graphitic rocks more recently discovered near the Athabasca Basin's edge (e.g. Arrow, Triple R). The Company's discovery hole (M24-017) intersected 8.4 m at 0.3% U3O8 serving as a proof of concept as this was in the favorable, graphitic host rock.



Figure 1. Schematic cross-section of basement-hosted uranium deposits

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8126/226622_df9bf71f74c91a37_002full.jpg

Recent Exploration Activities

Previous Investments: Between 2020 and 2023, exploration partners Fortune Bay and Standard Uranium invested $7.6 million in early exploration, revealing dozens of targets, multiple uranium-fertile EM-conductor corridors, and ten new shallow uranium occurrences between 20 and 150 meters below the surface.

Aero Energy's Exploration:

VTEM™ Plus Survey: A helicopter-borne VTEM™ Plus system was employed to identify electrically conductive graphite-rich rocks, favoured targets for large basement-hosted uranium deposits. The survey covered the Sun Dog and Murmac properties, consisting of 3,350 km of flight lines arranged in a grid pattern with 100 m spacing between each line.

Target Generation: Targets were selected based on the high-resolution VTEM™ survey and 3D modelling of ground gravity data. Geophysical signatures, geological features, proximity to historical uranium occurrences, and positive past drilling results by Fortune Bay and Standard Uranium further informed these selections.

Discovery of Radioactivity: Two occurrences of strong to intense radioactivity were identified at surface while scouting initial drill site locations:

Target A15: 60,793 counts-per-second in the hanging wall of the target within hematized foliation parallel fractures.

Target P4: 13,533 counts-per-second in the hanging wall of the target within hematized fault-hosted fractures perpendicular to foliation.

Summer 2024 Drilling Activities:

Murmac: Approximately 1,550 meters of drilling were completed through eight drill holes at the Murmac Project.

Sun Dog: Approximately 1,600 meters of drilling across eight drill holes, targeting shallow high-grade basement-hosted uranium mineralization, starting with the Wishbone target area.



Figure 2. 30 km Mineralized trend across Murmac & Sun Dog

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8126/226622_df9bf71f74c91a37_003full.jpg

Qualified Person

The technical content of this news release has been reviewed and approved by Galen McNamara, P. Geo., CEO of the Company and a qualified person as defined by National Instrument 43-101.

About Aero Energy Limited

Aero Energy is a mineral exploration and development company advancing a district-scale 250,000-acre land package in the historic Uranium City district within Saskatchewan's Athabasca Basin. Aero Energy is focused on uncovering high-grade uranium deposits across its flagship optioned properties - Sun Dog, Strike, and Murmac - in addition to its fully owned properties. With the application of modern exploration techniques, the Company has identified over 50 shallow drill-ready targets and 125 kilometers of target horizon on the frontier north rim of the Athabasca Basin. Aero Energy is tapping into the Athabasca Basin's emerging potential for high-grade, unconformity-style mineralization.

On Behalf of the Board of Directors

"Galen McNamara"

Galen McNamara, Chief Executive Officer

Further information on the Company can be found on the Company's website at www.aeroenergy.ca and the Company's SEDAR+ profile at www.sedarplus.ca, or by contacting the Company by email at info@aeroenergy.ca.

References

Geology and Genesis of Major World Hardrock Uranium Deposits, United States Geological Survey, Open-File Report 81-166, 1981.

Gunnar Uranium Mine: From Cold War Darling to Ghost Town, L. Schramm, Saskatchewan Research Council, 2018.

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

Forward-Looking Statements: This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance and include expectations regarding the intended use of proceeds from the Offering; the renunciation of Qualifying Expenditures; completion of a final tranche of the Offering; the amount of the final tranche of the Offering; and exploration activities. All statements other than statements of historical fact may be forward-looking statements or information. Forward-looking statements and information are often, but not always, identified by the use of words such as "appear", "seek", "anticipate", "plan", "continue", "estimate", "approximate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "would" and similar expressions. Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on the forward-looking statements, timelines and information contained in this news release. Forward-looking information are based on management of the parties' reasonable assumptions, estimates, expectations, analyses and opinions, which are based on such management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect.

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

SOURCE: Aero Energy Limited

Greenridge Exploration Enters into Binding Arrangement Agreement to Acquire ALX Resources

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

https://www.newsfilecorp.com/release/226381

October 11, 2024 2:12 PM EDT | Source: ALX Resources Corp. Vancouver, British Columbia--(Newsfile Corp. - October 11, 2024) - Greenridge Exploration Inc. (CSE: GXP) (FSE: HW3) ("Greenridge" or the "Company") and ALX Resources Corp. ("ALX" and collectively with Greenridge, the "Parties") (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) are pleased to announce the signing of a binding arrangement agreement (the "Arrangement Agreement") dated October 11, 2024 pursuant to which Greenridge will acquire all of the outstanding and issued common shares of ALX (the "Transaction"). The Transaction is an arm's length transaction that will create a leading Canadian uranium exploration company with interests in sixteen (16) uranium exploration projects that total approximately 220,000 hectares across renowned Canadian uranium districts including the Athabasca Basin, Thelon Basin and Elliot Lake. The combined entity will have interests in an additional thirteen (13) lithium, nickel, gold and copper properties across Canada. The Arrangement Agreement follows the non-binding letter of intent announced by the Company on September 5, 2024.

Under the terms of the Arrangement Agreement, each common shareholder of ALX (each, an "ALX Shareholder") will receive 0.045 common shares of Greenridge (each whole such common share, a "Greenridge Share") in exchange for each ALX common share held (each, an "ALX Share") (collectively, the "Exchange Ratio"). Upon completion of the Transaction, existing Greenridge and ALX shareholders will own approximately 75.2% and 24.8%, respectively, of the common shares of the combined entity.

Strategic Rationale for the Transaction

Creates leading and diversified Canadian explorer of strategic metals: The combined entity will own or have interests in twenty-nine (29) projects covering approximately 435,000 hectares with considerable exposure to potential uranium, lithium, nickel, copper and gold discoveries.

Consolidates ownership in the Carpenter Lake Project: Following the Transaction, Greenridge will own 60% of Carpenter Lake with the option to increase to 100%.

Adds one of the largest uranium property portfolios in the world class Athabasca Basin: In addition to Carpenter Lake, ALX has interests in twelve (12) other projects and properties covering approximately 173,000 hectares in the Athabasca Basin. Highlighted projects include:

Black Lake (40% ALX, 51.43% UEC, 8.57% Orano) - 2004 discovery hole (BL-18) intersected 0.69% U3O8 over 4.4 m. Over 150 holes drilled to date.[1]

Gibbons Creek (currently 100% ALX) - high-grade boulders located in 2013 with grades of up to 4.28% U3O8. Four of the five holes drilled in 2024 intersected uranium mineralization at or near unconformity. Uranium mineralization found in two areas located 500 m apart.[2]

Hook-Carter (currently 80% Denison, 20% ALX) - 13 km from NexGen's Arrow deposit and 20 km from Fission's Triple R deposit. Hosts a 15 km long exploration corridor prospective for uranium. Under the terms of a 2024 amendment to the joint venture agreement, ALX can earn an additional 5.0% for a total of a 25% interest by spending $3.0 million by November 2026. Denison has spent ~C$7.05M to date, which includes 11,757 m drilled from 2018 to 2019.[3]

McKenzie Lake (100% ALX) - A.I. work identified targets following 2021 magnetic and radiometric survey. Boulders were found with grades of up to 0.101% U3O8.[4]

[1] Source: Black Lake Property, Fall 2017 Diamond Drilling Program Report - MARS Assessment Work Report #2715.
[2] Source: ALX Resources Corp. news releases dated March 25, April 25 and June 13, 2024.

Enhanced capital markets profile and shareholder base: the pro forma combined entity is expected to have a market capitalization of approximately C$35 million[5].

Enhanced management and Board: adds Warren Stanyer, CEO of ALX, as President and Director as well as another nominee to the Board of Directors of Greenridge.

G&A cost savings: we anticipate material cost savings from consolidating corporate G&A, corporate development and investor relations and marketing activities compared to operating as two separate entities.

Benefits to ALX Shareholders

Significant and immediate premium: the Exchange Ratio represents a 130% premium to the 20-day volume weighted average price (VWAP) of ALX Shares on the TSX Venture Exchange for the period ended September 4, 2024.[6]

Exposure to the Nut Lake Project: Nut Lake Project is a 5,853-hectare property in the Thelon Basin located approximately 55 km north of Atha Energy's Angilak Project and the Lac 50 Trend deposit (inferred resource containing 43M lbs U3O8 and 10.4M lbs Mo). The project hosts high grade vein hosted grab samples of up to 4.36% U3O8, 53.16 oz/tonne Ag, 1.15% Pb and 7% Ni. The project has seen approximately 6,920 ft of diamond drilling, with the most noteworthy being at the "tundra showing" where Hole Winkie AX W-24 intersected 9 ft of 0.69% U3O8., including 4.9% U3O8 over 1 ft from 8 ft depth.[7]

Board of Directors and Management Team

Upon completion of the Transaction, the Board of Directors of Greenridge (the "Greenridge Board") will be comprised of four directors including (i) the three directors currently on the Greenridge Board, and (ii) Warren Stanyer, ALX's current Chief Executive Officer and Chairman. A second director to be mutually agreed upon by Greenridge and ALX will be nominated to the Greenridge Board at the next annual shareholder meeting of Greenridge shareholders following the completion of the Transaction.

Russell Starr will continue to serve as Chief Executive Officer and Director of the combined entity. Warren Stanyer will be joining Greenridge as President.

[3] Source: ALX Resources Corp. news release dated May 23, 2024.
[4] Source: ALX Resources Corp. news release dated November 7, 2023.
[5] Calculated using Greenridge's closing share price on the Canadian Securities Exchange on October 10, 2024 of C$0.78 and the pro forma basic shares outstanding of the combined entity of approximately 45.2 million common shares
[6] Calculated using the Exchange Ratio and the VWAP of Greenridge Shares on the Canadian Securities Exchange over the twenty trading days ending September 4, 2024;
[7] Source: 1979 Assessment report (number 81075) by Pan Ocean Oil Ltd.

Transaction Conditions and Timing

The Transaction will be effected by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement") and will be subject to the approval of (i) 66 2/3% of votes cast by ALX Shareholders; and (ii) if required, a simple majority of the votes cast by ALX Shareholders excluding for this purpose the votes held by any person required under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions, at a special meeting of ALX Shareholders expected to be held in November 2024 (the "ALX Meeting") on an abridged basis. No shareholder vote is required by Greenridge shareholders. In addition to ALX Shareholder approval, the Transaction is also subject to the receipt of certain regulatory and court approvals, including the approvals of the TSX Venture Exchange ("TSXV") and other closing conditions customary in transactions of this nature.

The Arrangement Agreement includes customary representations, warranties, covenants and conditions contained in agreements for transactions of this nature including non-solicitation and lock-up provisions, business restrictions and a no material adverse change clause. A reciprocal termination fee of C$250,000 is payable if the Arrangement Agreement is terminated in certain circumstances. In the event that a Superior Proposal (as defined in the Arrangement Agreement) is accepted by ALX pursuant to the terms of the Arrangement Agreement, a break fee of C$400,000 is payable by ALX to Greenridge.

Pursuant to the Arrangement Agreement, all outstanding stock options and warrants of ALX, which remain unexercised on the date upon which the Transaction becomes effective, will, following the effective time of the Transaction, be exchanged and amended, respectively, to entitle the holder thereof to acquire Greenridge Shares in lieu of ALX Shares based on the Exchange Ratio.

Subject to certain conditions, including the Parties obtaining the requisite regulatory approvals, the Transaction is expected to close in December 2024.

Full details of the Transaction will be included in a management information circular of ALX, which is expected to be mailed to ALX shareholders and holders of ALX stock options in connection with the ALX Meeting (the "ALX Circular"). Copies of the ALX Circular and the Arrangement Agreement will be available to access on SEDAR+ under ALX's profile.

It is anticipated that any securities to be issued under the Transaction will be offered and issued in reliance upon the exemption from the registration requirements of the U.S. Securities Act of 1933 provided by Section 3(a)(10) thereof. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities. Greenridge expects the Greenridge Shares to be listed in the United States OTC market prior to closing of the Transaction.

Recommendation of ALX's Board of Directors

After consultation with its financial and legal advisors, the Board of Directors of ALX (the "ALX Board") unanimously determined that the Transaction is in the best interests of ALX and approved the Arrangement Agreement. Accordingly, the ALX Board recommends that ALX Shareholders vote in favour of the Transaction (the "Board Recommendation"). The Board Recommendation is made to all ALX Shareholders.

Prior to the execution of the Arrangement Agreement, the ALX Board received a verbal fairness opinion from Red Cloud Securities Inc. ("Red Cloud"), which was retained to prepare the fairness opinion on a fixed-fee fairness opinion basis. Red Cloud's opinion stated that as of the date of such opinion and based upon and subject to the assumptions, limitations and qualifications set forth therein, the consideration to be received by ALX Shareholders pursuant to the Transaction is fair, from a financial point of view, to the ALX Shareholders. A written fairness opinion will be prepared by Red Cloud and included in the ALX Circular.

All directors and senior officers have entered into customary support and voting agreements pursuant to which they have agreed to vote their ALX securities in favour of the Transaction.

Qualified Person

The technical information in this news release regarding ALX properties has been reviewed and approved by Robert Campbell, P.Geo., an independent consulting geologist to ALX who is a Qualified Person in accordance with the Canadian regulatory requirements set out in National Instrument 43-101.

The technical information in this news release regarding Greenridge properties has been reviewed and approved by Jody Dahrouge, B.Sc., P.Geo. of Dahrouge Geological Consulting Ltd. who is a Qualified Person in accordance with the Canadian regulatory requirements set out in National Instrument 43-101.

Mineralization on any other properties referred to herein, is not necessarily indicative of mineralization on either of the properties of ALX or Greenridge.

About Greenridge Exploration Inc.

Greenridge Exploration Inc. (CSE: GXP) (FSE: HW3) is a mineral exploration company dedicated to creating shareholder value through the acquisition, exploration, and development of critical mineral projects in North America. The Carpenter Lake Uranium Project is located in the Athabasca Basin consisting of 7 mineral claims covering 13,387 hectares across the Cable Bay Shear Zone and the Company is advancing the Project to test multiple high priority targets. The Company's Nut Lake Uranium Project located in the Thelon Basin includes historical drilling which intersected up to 9ft of 0.69% U3O8 including 4.90% U3O8 over 1ft from 8ft depth1.

The Company's Weyman Copper Project in southeast British Columbia sits on the south portion of the famous Quesnel Terrance. The Company is led by an experienced management team and board of directors with significant expertise in capital raising and advancing mining projects. The Snook and Ranger Lake uranium projects, 4,899 hectares and 20,782 hectares respectively are located in western Ontario, with multiple previous uranium occurrences across both projects.

About ALX Resources Corp.

ALX is based in Vancouver, BC, Canada and its common shares are listed on the TSXV under the symbol "AL", on the Frankfurt Stock Exchange under the symbol "6LLN" and in the United States OTC market under the symbol "ALXEF".

ALX's mandate is to provide shareholders with multiple opportunities for discovery by exploring a portfolio of prospective mineral properties in Canada, which include uranium, lithium, nickel, copper, and gold projects. ALX uses the latest exploration technologies and holds interests in over 240,000 hectares of prospective lands in Saskatchewan, a stable jurisdiction that hosts the highest-grade uranium mines in the world, a producing gold mine, diamond deposits, and historical production from base metals mines.

ALX's uranium holdings in northern Saskatchewan include 100% interests in the Gibbons Creek Uranium Project (currently the subject of an option earn-in agreement with Trinex Minerals Ltd., who can earn up to a 75% interest in two stages), the Sabre Uranium Project, the Bradley Uranium Project, and the Javelin and McKenzie Lake Uranium Projects, a 40% interest in the Black Lake Uranium Project (a joint venture with Uranium Energy Corporation and Orano Canada Inc.), and a 20% interest in the Hook-Carter Uranium Project, located within the uranium-rich Patterson Lake Corridor with Denison Mines Corp. (80% interest) as operator of exploration since 2016 (currently the subject of an amended property agreement that would increase ALX's interest to 25% after fulfilling certain conditions).

ALX also owns 100% interests in the Firebird Nickel Project, the Flying Vee Nickel/Gold and Sceptre Gold projects, and can earn up to an 80% interest in the Alligator Lake Gold Project, all located in northern Saskatchewan, Canada. ALX owns, or can earn, up to 100% interests in the Electra Nickel Project and the Cannon Copper Project located in historic mining districts of Ontario, Canada, and in the Vixen Gold Project (now under option to First Mining Gold Corp., who can earn up to a 100% interest in two stages).

ALX owns a 50% interest in eight lithium exploration properties staked in 2022-2023 collectively known as the Hydra Lithium Project, located in the James Bay region of northern Quebec, Canada, a 100% interest in the Anchor Lithium Project in Nova Scotia, Canada, and 100% interests in the Crystal Lithium Project and the Reindeer Lithium Project, both located in northern Saskatchewan, Canada.

For more information about the Company, please visit the ALX corporate website at www.alxresources.com or contact Roger Leschuk, Manager, Corporate Communications at: PH: 604.629.0293 or Toll-Free: 866.629.8368, or by email: rleschuk@alxresources.com.

On Behalf of the Board of Directors of Greenridge

Russell Starr
Chief Executive Officer, Director
Telephone: +1 (778) 897-3388
Email: info@greenridge-exploration.com

On Behalf of the Board of Directors of ALX

Warren Stanyer
Chief Executive Officer and Chairman
Telephone: +1 (604) 629-0293
Email: info@alxresources.com

Disclaimer for Forward-Looking Information

Investors are cautioned that the Transaction remains subject to due diligence and a number of approval requirements; accordingly, there is no assurance the Transaction will be completed on the basis set out herein, or at all.

This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding the Transaction bringing an opportunity for the Company to build a strong metals portfolio that positively impact the Company and its shareholders are "forward-looking statements". Forward-looking statements in this news release include, but are not limited to, statements with respect to projects owned by Greenridge and ALX and their mineralization potential; the Company's objectives, goals, or future plans with respect to projects owned by Greenridge and ALX; statements with respect to the completion of Greenridge's acquisition of ALX and other matters related to or connected with the Transaction; further exploration work on projects owned by Greenridge and ALX in the future. These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including that ALX and Greenridge's exploration programs may be delayed or changed due to any delays experienced in consultation and engagement activities with First Nations and Metis communities, and local landowners in the region, and the results of such consultations and other risks and uncertainties detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether because of new information, future events or otherwise, unless so required by applicable securities laws.

The Canadian Securities Exchange (CSE) and the TSX Venture Exchange (TSXV) do not accept responsibility for the adequacy or accuracy of this release.



SOURCE: ALX Resources Corp.

Lode Gold Identifies New High Priority RIRGS Target ''Steelhead'' at WIN, Tombstone Belt - Yukon

https://www.newsfilecorp.com/release/226527

October 15, 2024 7:30 AM EDT | Source: Lode Gold Resources Inc.

Toronto, Ontario--(Newsfile Corp. - October 15, 2024) - Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: SBMIF) ("Lode Gold " or the "Company") is pleased to announce that it has received and interpreted the data from the previously announced QMAGT survey conducted in summer, 2024. This news release focuses on presenting initial findings, including reporting the identification of a new high-priority target named "Steelhead" extending the emerging Reduced Intrusion Related Gold System (RIRGS) targets already identified on its WIN property. A future news release will expand on these new findings northwards to include Lode's flagship Golden Culvert property as our geological team evaluates a potential genetic relationship, highlighted by the new QMAGT data between the RIRGS mineralization at WIN and the orogenic styles of mineralization present at Golden Culvert.

Highlights include:

Recent QMAGT system geophysical results integrated with geology and historic geochemical information has identified a new priority prospect, "Steelhead", a previously unrecognized 4km2 area of hornfels on the eastern part of the property.
''Steelhead's" prospectivity is enhanced by the presence of anomalous gold and bismuth results in stream sediment samples collected from the catchment draining the new identified 4km2 area of hornfels.
The QMAGT system has successfully enhanced the detailed geology of the property and importantly mapped the targeted Tombstone-Tungsten Cretaceous aged monzonite intrusions as magnetic lows and related hornfels known to be prospective for RIRGS as magnetic highs or areas with "noisy magnetic gradients".
The above adds to the initial 2023 discovery of a RIRGS style sheeted vein system with gold values up to 8.3 g/t coincident with elevated bismuth and tellurium (see news release dated December 13, 2023) hosted in hornfels on the western side of the property and named the "Border Gold Zone".
The Border Gold Zone appears to be controlled by the Border Monzonite and manifests as a "roof zone" above this intrusive and the host Cordierite-Biotite bearing hornfels. The magnetic data clearly defines a 3.5km strike extension to this known mineralized hornfels zone for targeted follow up.
Furthermore, the magnetic data defines deep structures both parallel and coincident with the known mineralization and are thought to be important controlling structures for gold emplacement.

Buddy Doyle, VP Exploration commented that, "Lode Gold has leveraged the quality QMAGT data to integrate the pre-existing geochemical and geological-structural data on hand to design a targeted ground follow-up program to rapidly generate drill targets on the emerging high-potential RIRGS Targets at WIN, adding materially to its established flagship Orogenic Golden Culvert targets within the large, strategic property package controlled by Lode in the Yukon."

Regional Setting, The RIRGS Model and How Well the WIN Project Fits

The WIN property occurs in the southern portion of the prolific Tombstone gold belt, see Figure 1. The Tombstone Gold Belt is the type locality for RIRGS, with Figure 2 depicting the accepted model for this type of gold mineralization.



Figure 1: The Tombstone Gold Belt, yellow shaded zone, gold stars show RIRGS deposits and prospects, orange stars tungsten deposits, The black star depicts the location of our WIN project. All are related to mid-cretaceous Intrusive suites and their associated contact hornfels aureoles. Figure modified from the Yukon geological survey broacher 2006-6.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4064/226527_f5046f6914111af4_004full.jpg



Figure 2: The RIRGS geological model, General plan model of RIRGS (left), note the wide range of mineralization styles and geochemical variations that vary predictably outward from a central pluton. Scale is dependent on the size of the exposed pluton, which is likely to range from 100 m to 5 km in diameter. Hypothetical cross-section (right) of a small (100 m-5 km across) pluton. Of note are the asymmetric hornfels aureole and the early-chilled and more brittle marginal carapace. Preferred sites of intrusion-hosted Au mineralization are above the cupola, where exsolved fluids will accumulate, and mineralized fractures developed in the pluton's apex and shoulders. Modified from Hart, C.J.R., 2007.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4064/226527_figure2.jpg

The RIRGS geological model in summary makes the following empirical observations:

Mineralization is associated with a reduced intrusion with the mineralization extending beyond the limits of the intrusion, and locally beyond the thermal aureole (caused by the intrusion), yielding a broad mineralizing system (Fig. 2). The size of the system is generally dictated by the limits of the thermal aureole, commonly several kilometres across, but can be dependent on the depth of erosion with the broadest and best-developed mineralization at the top of or above the pluton. The WIN project contains the known mapped intrusives, the northern part of the Hyland intrusive and the eastern part of the Border Intrusive (see Figure 4) both have extensive hornfels aureoles developed. The known sheeted quartz vein mineralization is hosted in hornfels.

A common characteristic is that the RIRGS exhibits multiple styles of mineralization. Particularly in the thermal aureole. Chemically reactive and/or physically brittle sedimentary strata result in a diversity of mineralization styles, whereas the causative pluton is typically dominated by solely sheeted vein sets containing gold. The WIN project Hyland Intrusive has been subject to exploration for Tungsten and Molybdenum in the past with part of the Tuna Tungsten Mineral occurrence within and next to the property's southern border. The sheeted quartz veins with gold have been found in the roof hornfels.

RIRGS often exhibit a predictable zonation of differing deposit styles outward from the central, mineralizing pluton (Fig. 2). Skarns and replacements are generally pluton proximal, with an increase in structural control on more distal mineralization. There is also crustal scale vertical zonation, with epizonal occurrences forming at shallower levels. Predictable metal signatures develop broad-scale zoning surrounding and above a central causative pluton. The stream, soil and rock samples taken by Lode Gold show metal zonation.

Gold, as well as Tungsten (W), may form ore, but Au does not directly correlate with W. Bismuth (Bi) and Tellurium (Te) are enriched in intrusion-hosted Au ores and correlate with Au. Arsenic enrichments characterize hornfels-hosted mineralization and form regional-scale geochemical anomalies. On the WIN project, the sheeted veins have gold correlating strongly with Bi and Te. The WIN and Golden Culvert projects occur in a regional zone of anomalous Arsenic in stream sediments (see Figure 5).

Each plutonic suite has a characteristic metallogenic association. Plutons of the Tombstone plutonic suite have alkalic compositions (syenites) and associated gold, bismuth and copper. Plutons of the Mayo suite have metalluminous compositions (hornblende monzonites) and the strongest gold association. Plutons of the Tungsten suite are slightly peraluminous (biotite granite) and are associated with tungsten ± copper, zinc and molybdenum mineralization. Mineralized plutons typically have associated pegmatites, aplites, miarolitic cavities and tourmaline veins, which are all indicative of volatile saturation and development of hydrothermal phases. The WIN project covers part of the Hyland and Border intrusive, both are mapped as Hornblende monzonites, the type of intrusion that has the strongest gold association. Tourmaline veins and breccias have been noted in the Tuna mineral occurrences, within and south of the property.

Traditional exploration methods such as mapping, prospecting, and aeromagnetic, regional stream sediment and soil geochemical surveys are all effective. Since mineralization is typically focused in regions at the top of plutons, target areas should include locations where plutons are not exposed. These may be detected by aeromagnetic surveys that may respond to either pyrrhotite-rich hornfels, or low levels of magnetite in the case of the Tombstone suite alkalic intrusions. Summarized and modified from Hart, C.J.R., 2007.

District Geology



Figure 3: District Geology: Lode Gold's Golden Culvert and WIN projects depicted on the regional geology provided by the Yukon Geological Survey. Note the WIN Project is dominated by the Proterozoic Vampire formation intruded by Cretaceous monzonites. Mineral occurrences from the Yukon database are also shown. The WIN property contains the Hyland and Border Intrusive bodies, these bodies are depicted in the following figures for visual reference. They are the likely source of the mineralization.

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Figure 4: Regional Arsenic in stream sediment anomaly encompasses Lode Gold’s Golden Culvert and WIN properties. A characteristic signature of RIRGS. After Hart, C.J.R. and Lewis, L.L., 2006

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Figure 1 shows the regional geological setting with a belt of intrusions (the Selwyn Magmatic province) intruding the Proterozoic-aged Selwyn sedimentary basin. Figure 3 illustrates the district geology with both the Golden Culvert property and the WIN property being hosted in the Vampire Formation, the WIN property covers portions of the Hyland and Border monzonite intrusives. Figure 4 demonstrates the projects that occur in a regional arsenic anomaly a common feature of sub-districts with RIRGS within the Tombstone gold belt. Known mineral occurrences are also shown in Figure 4, with the most advanced being the 3 Aces orogenic gold deposit, 15km to the SSW of the WIN project being explored by Seabridge Gold. Aben Minerals have also identified RIRGS style mineralization 18km to the SSW. The nearest historic mineral occurrence to the WIN project is the Tuna prospect, which consists of several zones of veins and breccias with Quartz, Bi, Tungsten, Molybdenum with tourmaline on the south boundary.

Rock Samples Confirmed RIRGS

On December 13, 2023, Lode Gold announced that it had confirmed a RIRGS style mineralization on its WIN property. Rocks samples returned gold values up to 8.53 g/t. with associated bismuth and tellurium at the border gold zone, shown in Figure 5. The mineralization is hosted in sheeted quartz veins, up to 10 veins per metre. The mineralization is hosted in hornfels. Figure 6 shows a photograph of the sheeted quartz veins and a view of the general topography at the border zone sampling area.



Figure 5: Rock sampling sites on the WIN Property. Each dot is a separate sample site, dots are coloured and sized based on gold results, Legends are given in the inset. Colour intervals based on natural breaks. Base image is the 2m Digital Elevation Model (DEM). Blue zone are permanent ice sheets. Monzonite intrusions shown as transparent red stipple. The local geology map shown in figure 7 cover the area surrounded by yellow line.

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Figure 6: Photograph of the sheeted vein system left, photograph of the topography in the border area, sheeted veins near photo origin looking SW towards the Hyland Intrusion. Photo on the right from Moynihan, D.P., 2013

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Geology of the Border Gold-Bearing Sheeted Vein Area



Figure 7: Map of parts of the Hyland and Boundary plutons and their contact aureoles, showing mineral assemblages and isograds. Structural measurements are compiled on the equal area, lower hemisphere stereonet (inset). Grid lines spaced at 1 km intervals; UTM coordinates are NAD 83. Lode Gold rock sample results shown. Map is shown in Figure 5 and coincides with the inset box on that figure.

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The Yukon Geological Survey conducted mapping on the eastern side of the WIN project, see covering the Border Gold Zone, Moynihan, D.P., 2013. Their mapping has been reproduced in Figure 7 with our rock sample gold results overlain. The Hyland and Boundary plutons are hosted by the Latest Proterozoic-Early Cambrian Vampire Formation. The Vampire Formation is dominated by uniform, steel grey to dark grey phyllite that weathers to a rusty brown. The Vampire formation has been altered to hornfels along the contacts with the Hyland and Border monzonite intrusions.

The dominant foliation in the area (Sn) strikes NW/SE, parallel to the orogenic trend, it generally dips NE at 40-70° in the southwest part of the area and dips steeply towards the SW or NE in the northeast part of the area. The sheeted veins located by our field crew appear to be controlled by this Sn structural direction with a similar strike and dip.

Sn is locally overprinted by kink bands that have steeply dipping axial planes. These kink bands post-date development of the contact aureoles and are best developed in low-grade phyllites, which retain a well-defined cleavage. The Hyland pluton-Vampire Fm contact is offset by a number of steeply-dipping, SW-trending normal faults with downthrow to the NW. These faults are sub-parallel to axial planes of the kink bands, and have the same orientation as 1) a number of fine-grained, biotite and amphibole-bearing mafic dikes, and 2) an array of quartz- tourmaline veins that transect the Boundary aureole. Tourmaline is a common accessory mineral to RIRGS sheeted quartz veins and to our knowledge, the NE/SW trending quartz vein array is yet to be sampled.

The Hyland pluton, which was emplaced at 97.1±2.0 Ma (U-Pb monazite age), is elongated in a NW direction and underlies an area of approximately 9×2.5 km. The roof of the pluton is preserved around the topographically highest point near the centre of the intrusion. The southwest boundary of the pluton dips steeply, whereas its northeast and southeast boundaries have gentle to moderately steep outward dips. It is along this moderately dipping NE part of the pluton that our border gold zone is located. The pluton is a multi-phase, biotite quartz monzonite with a megacrystic internal phase and an equigranular outer phase. The contact aureole includes a phyllite outer part and a yellow-weathering, hornfelsic inner part. With increasing proximity to the Hyland pluton, the proportion of chlorite decreases to zero and cordierite, andalusite, and biotite crystals become larger and more abundant. This zonation is approximately 500m wide and parallels the outcropping boundary of the Hyland intrusion. The presence of andalusite suggest a deep emplacement level (circa 9-11 km) for the Hyland intrusion based on geobarometer calculations. Moynihan, D.P., 2013.

An extensive region of Crd+Bt hornfels is also developed in the area to the west of the Boundary pluton. It is notable that here Cordierite (Crd) is dominant and Andalusite is absent. This indicates a shallower emplacement level for the Border pluton which in turn suggests a younger age. The pattern of Crd+Bt hornfels suggests that the Boundary pluton extends underneath this region to the NW paralleling the border. It is here that our Border Zone gold bearing sheeted quartz veins occur. The suggestion is that the Boundary pluton was intruded at a slightly higher level than the Hyland pluton. The absence of andalusite from metapelite in the aureole of the Boundary pluton suggests it was intruded at <~9 km.

It is likely that the Border zone sheeted veins are genetically linked to the Border Pluton in the Cordierite-Biotite-Chlorite-Muscovite-Quartz hornfels that trend paralleling the border, with the higher-grade samples occurring on the edge of the higher temperature Cordierite-Biotite-Muscovite-Quartz hornfels where the Chlorite drops out.

Stream Sediment Sampling



Figure 8: Stream Sediment sampling sites on the WIN Property. Each dot is a separate sample site, dots are coloured and sized based on gold results, left image 8 (a), and by bismuth right image 8 (b). Legends given in insets. Colour intervals based on natural breaks. Base image is the 2m Digital Elevation Model (DEM). Blue zone are permanent ice sheets. Monzonite intrusions shown as transparent red stipple.

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A series of closed space stream sediment samples were taken on the WIN project with the results depicted in Figure 8a for gold and for bismuth in Figure 8b. There are two strong gold anomalies (>45ppb) in separate streams, one stream eventually drains the Border gold zone, and the other highlights an area mainly hosted in the Hyland Intrusive and its contact aureole near its NE edge. This drainage also has high Bismuth and has never been investigated by soil or rock sampling. The area has been given the name of the Steelhead Prospect (using the naming theme started by the Tuna mineral occurrence.).

The entire Hyland Intrusive is elevated in Bi, As, Sb, W, Pb, Zn. Only Bi is shown. The stronger Bi stream sediment anomalies (>8.4ppm red, purple) need further follow-up due to their strong correlation with gold in the RIRGS model.

Soil Sampling



Figure 9: Soil Sampling sites on the WIN Property. Each dot is a separate sample site, dots are coloured and sized based on gold results. Legends given in inset. Colour intervals are natural breaks based on entire dataset which includes Golden Culvert, the number of samples in class in brackets. Base image is the 2m Digital Elevation Model (DEM). Blue zones are permanent ice sheets. Monzonite intrusions shown as transparent red stipple.

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Soil sampling on the WIN property have in the past been restricted due to the mountainous topography and the glaciated surfaces that are either rock or transported moraine. A small grid over the border zone contains anomalous samples with a zone of >20ppb gold stretching 300m over 3 lines paralleling the border. The project would be amenable for further sampling.

QMAGT Survey

The RIRGS model makes the observation that aeromagnetic surveys are an effective exploration tool. The QMAGT survey conducted over the WIN property is a relatively new system which utilizes a Super-conducting Quantum interference device (SQUID) magnetometer which measures the full tensor response of the earth's magnetic field. The system is flown beneath the Helicopter in a Dewar filled within a liquid helium super cold bath. The WIN property was flown at a one-hundred-meter line spacing with lines trending NE-SW perpendicular to the geological trend. DIAS, the company that operates the QMAGT system, have provided the following products derived from this survey:

Bxx delineates E-W boundaries preferentially (symmetric for vertical magnetisation, antisymmetric for horizontal magnetisation)

Byy delineates N-S boundaries preferentially (symmetric for vertical magnetisation, antisymmetric for horizontal magnetisation)

Bxy delineates body corners preferentially (anomaly signs depend on magnetisation direction)

Bzz delineates steep boundaries preferentially (symmetric for vertical magnetisation, antisymmetric for horizontal magnetisation)

Bxz delineates E-W boundaries preferentially (antisymmetric for vertical magnetisation; symmetric for N-S horizontal magnetisation)

Byz delineates N-S boundaries preferentially (antisymmetric for vertical magnetisation; symmetric for E-W horizontal magnetisation)

I1 highlights deeper and/or large, smoother magnetic sources

I2 highlights shallow and/or small, complex magnetic sources

THC - Total Horizontal Curvature highlights areas of high curvature in the magnetic field that may be associated as being close to a strong source or a curving geometric feature

THG - Total Horizontal Gradient highlights areas of high gradient independent of direction and can be useful in edge detection.

Total field ( a cesium magnetometer was also flown along with the SQUID device to give this product)

This product suite was interrogated with the geochemical results discussed above and the known geology to form an interpretation map and future exploration guide.

QMAGT Interpretation

Interpretation of the QMAGT dataset has confirmed its utility in mapping geology and highlighting structure. Figure 10 shows the total magnetic field. The Hyland and Border intrusions stand out as magnetic lows (blue colours) with low gradients (smooth surfaces) as expected for reduced intrusions containing no magnetite. The hornfels zone between the two intrusives is highlighted in the magnetic response and textures. The chlorite out higher temperature hornfels that host the Border Gold zone, can be seen as a magnetic high parallel to the territorial border. The contact hornfels around the Hyland intrusion shows a more subdued magnetic response but have a distinct magnetic texture, some of which appears structurally controlled, with the same NE-SW trend of structures and quartz-tourmaline veins noted in the mapping. Also highlighted is a distinct zone of magnetic highs on the western boundary of the Hyland Monzonite, these require field investigations and a thought to be hornfels similar to those hosting the Border gold zone on the eastern boundary of the Border intrusive.



Figure 10: Total Field magnetic response colour grid. Mapped extent of the Hyland and Border Monzonite shown in red stipple. The intrusions are expressed as magnetitic lows reflecting their reduced nature, and lack of magnetite. Strong, red magnetic responses interpreted to highlight hornfels (mapped as Cordierite-Biotite Hornfels), grey shaded area less magnetic zone of hornfels, but they exhibit a similar magnetic texture some with clear structural control.

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Figure 11: Bzz vertical tensor component. Left image Figure 11a is gridded colour image of the Bzz, right image Figure 11b same image with structural interpretation overlain with black lines

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Figure 11 depicts the vertical tensor of the magnetic field Bzz, this product and the other direction tensors were used to make a structural interpretation shown in Figure 11b. The generally SW-NW structure picked up in the Border Gold zone mapping appears to be property-wide. The geophysical product that picked up the NW-SE regional S0 structural fabric and the strike direction of the sheeted veins measured in the Border gold Zone was the LI map, said to be best for picking up deeper magnetic sources, shown below in Figure 12. It is probable that these are the structures controlling the sheeted veins and thus can be used to guide further exploration.



Figure 12: The LI product Greyscale coloured grid left Figure 12a and interpreted structures on the right Figure 12b. This geophysical product picks up the NW structural fabric that controls the known sheeted gold-bearing quartz veins.

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Future Plans

By combining our historic geochemical data, with geological mapping and the QMAGT products a clear exploration plan for the 2025 field season emerges. The highest priority is the Border Gold zone where we have already identified gold-bearing sheet quartz veins striking NW-SE. This mineralization is hosted in Cordierite-biotite hornfels that parallel the western boundary of the Border monzonite. The mapped outline of these hornfels coincides with a distinct magnetic high that the QMAGT survey demonstrates these rocks continue to the NW and SW past the area of government mapping and Lode Gold sampling. Further rock and soil samples along this trend are a high priority.

Gold mineralization also appears to be associated with the eastern boundary of the Hyland Monzonite, here stream sediment sampling shows anomalous gold and bismuth in streams draining the area. This zone has been named the Steelhead Prospect. Government mapping records SW-NE trending quartz-tourmaline veins in this area and relocating and sampling these and determining the source of the stream geochemical anomaly is a priority.

The QMAGT system mapped a previously unknown zone of hornfels on the western side of the Hyland Pluton, given the geochemical anomalous nature of the intrusion, high in Bi, W, As, Zn, Pb and Mo this western hornfels zone might host RIRGS, the area has not seen any historic exploration focus. Putting field teams out to map and sample this zone is also planned for 2025.

Director and Technical Committee Chair, Jonathan Hill comments, "We are pleased to see a strong confirmation of Reduced Intrusion Related Gold System (RIRGS) at WIN property. With the mapping and geophysical survey data from this work, we can delineate and generate high-potential drilling targets for 2025."

ABOUT LODE GOLD

Lode Gold (TSXV: LOD) is an exploration and development company with projects in highly prospective and safe mining jurisdictions in Canada and the United States.

Our Golden Culvert and WIN Projects in the Yukon, cover 99.5 km2, are situated in the southern portion of the Tombstone Gold Belt. This 1500km long belt is dominated by RRIGS and sediment hosted Gold deposits, including Fort Knox, Brewery Creek, Keno Hill (Silver), Dublin Gulch, Hecla and Snowline’s Gold’s recent world class, Valley discovery. The company has intersected gold mineralization on the Golden Culvert property, with a best result of 33.1m @ 12.53 g/t from one of our drill holes and has identified a gold bearing sheeted vein system (RRIGS) on the WIN property.

In New Brunswick, within the emerging Appalachian/ Iapetus gold belt, Lode Gold has formed a strategic Joint Venture with Fancamp called Acadian Gold together we form one of the largest land packages in New Brunswick with 420km2 of exploration rights between McIntyre Brook and Riley Brook projects. Jointly focused on the Wapske Formation a geological unit identified to have the best gold potential in particular where there are structures bounding felsic units. With 36km strike of the Wapske formation under control Acadian is a key and leading member of this play.

Our 111 km2, McIntyre Brook Project, is surrounded by Puma Exploration’s Williams Brook Project (where their Lynx project has reported 5.55 g/t Au over 50m)1 The first 2 drill holes completed by Lode Gold intersected (one hole intersected 5.73 g/t gold over 2.0 m within a broader low-grade interval averaging 1.20 g/t gold over 20 m), further drilling is warranted. Fancamp’s 309 km2 Riley Brook project covers 25 km strike of Wapske formation containing numerous mapped felsic units. Previous exploration efforts were directed at VMS-style mineralization focused on the base metals often not assaying for gold. :– Acadian is the first to focus on gold.

NI 43-101 reports on our New Brunswick and Yukon projects are available on Sedar+ and on our website



The Company is also advancing its Fremont Gold development project in the historic Mother Lode Gold Belt of California where 50,000,000 oz of gold has been produced. Fremont, located 500km north of Equinox Gold's Castle Mountain and Mesquite mines, has a Preliminary Economic Assessment ("PEA") with an after-tax NPV (5%) of USD $217M, a 21% IRR, 11-year LOM, averaging 118,000 Oz per annum at USD $1,750 gold. A sensitivity to the March 31, 2023 PEA at USD $2,000/oz gold gives an after-tax NPV (5%) of USD $370M and a 31% IRR over an 11-year LOM. The project hosts an NI 43-101 resource of 1.16 MOz at 1.90 g/t Au within 19.0 MT Indicated and 2.02 MOz at 2.22 g/t Au within 28.3 MT Inferred. The MRE evaluates only 1.4 km of the 4 km strike length of the Fremont property which features five gold-mineralized zones. Significantly, three step-out holes at depth hit the mineralized structure, typical of orogenic deposits that often occur at depth. Fremont is located on 3,351 acres of 100% owned private land in Mariposa, the original gold rush county, and is 1.5 hours from Fresno, California.

The property has year-round road access and is close to airports and rail. A planned V-TEM airborne geophysical survey to be flown over both properties.

Please refer to the Fremont Gold project NI 43-101 PEA technical report dated March 31, 2023, which is available on the Company's profile on SEDAR+ (www.sedarplus.ca) and on the Company's website (www.lode-gold.com). The PEA technical report has been reviewed and approved by independent "Qualified Persons" Eugene Puritch, P.Eng., FEC, CET, and Andrew Bradfield, P.Eng. both of P&E, and Travis Manning, P.E. of KCA.

QUALIFIED PERSON STATEMENT

The scientific and technical information contained in this press release has been reviewed and approved by Jonathan Victor Hill, Director, BSc (Hons) (Economic Geology - UCT), FAusIMM, and who is a "qualified person" as defined by NI-43-101.

ON BEHALF OF THE COMPANY

Wendy T. Chan, CEO & Director

Information Contact

Winfield Ding
CFO
info@lode-gold.com
+1-416-320-4388

Kevin Shum
Investor Relations
kevin@lode-gold.com
+1 (647) 725-3888 ext. 702

REFERENCES CITED

Hart, C.J.R., 2007, Reduced intrusion-related gold systems, in Goodfellow, W.D., ed., Mineral deposits of Canada: A Synthesis of Major Deposit Types, Dis- trict Metallogeny, the Evolution of Geological Provinces, and Exploration Methods: Geological Association of Canada, Mineral Deposits Division, Special Publication No. 5, p. 95-112.

Moynihan, D.P., 2013. A preliminary assessment of low pressure, amphibolite-facies metamorphism in the upper Hyland River area (NTS 105H), southeast Yukon. In: Yukon Exploration and Geology 2012, K.E. MacFarlane, M.G. Nordling, and P.J. Sack (eds.), Yukon Geological Survey, p. 99-114.

Hart, C.J.R. and Lewis, L.L., 2006. Gold mineralization in the upper Hyland River area: A non- magmatic origin. In: Yukon Exploration and Geology 2005, D.S. Emond, G.D. Bradshaw, L.L. Lewis and L.H. Weston (eds.), Yukon Geological Survey, p. 109-125.

Cautionary Note Related to this News Release and Figures

This news release contains information about adjacent properties on which the Company has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company's properties.

Cautionary Statement Regarding Forward-Looking Information

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 includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the use of proceeds, advancement and completion of resource calculation, feasibility studies, and exploration plans and targets. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "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.

Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: the status of community relations and the security situation on site; general business and economic conditions; the availability of additional exploration and mineral project financing; the supply and demand for, inventories of, and the level and volatility of the prices of metals; relationships with strategic partners; the timing and receipt of governmental permits and approvals; the timing and receipt of community and landowner approvals; changes in regulations; political factors; the accuracy of the Company's interpretation of drill results; the geology, grade and continuity of the Company's mineral deposits; the availability of equipment, skilled labour and services needed for the exploration and development of mineral properties; currency fluctuations; and impact of the COVID-19 pandemic.

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. Important factors that could cause actual results to differ materially from the Company's expectations include a deterioration of security on site or actions by the local community that inhibits access and/or the ability to productively work on site, actual exploration results, interpretation of metallurgical characteristics of the mineralization, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, unknown impact related to potential business disruptions stemming from the COVID-19 outbreak, or another infectious illness, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators, including those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

1 See Puma Exploration Inc.'s news release dated September 15, 2021.

SOURCE: Lode Gold Resources Inc.